Shenzhen will airdrop 30 million digital Chinese yuan (e-CNY) to local residents in an attempt to revitalize consumer spending. The airdrops are a joint effort between the city of Shenzhen and Meituan Dianping, China's leading food delivery app.
Dutch central bank fines crypto exchange $3.6 million for serving local customers without approval. The fine is for "very serious" breaches of Dutch crypto registration procedures. The company, which is registered with the DNB, says it is being punished for co-operating. The DNB says it's justified by the gravity and scale of the violation.
BuzzFeed will use artificial intelligence to create content for its audience. The news sent the company's stock up more than 150% in trading Thursday. The company will work with ChatGPT creator OpenAI to create quizzes and help with brainstorming. The technology will not be used to write news stories, a spokesperson says.
Tesla's fourth quarter results fell short of expectations. The company lowered expectations for its fourth quarter revenue growth. Tesla stock jumped 10% on Thursday. Since peaking in November 2021, Tesla stock has lost 62% of its value. The electric-vehicle maker was expected to post a nearly 40% increase in sales.
Fashion schools have been quick to adapt to these developments. At Parsons School of Design, Metaverse learning experiences are part of the core curriculum during junior year. Students learn traditional skills of garment-making and 3D modeling digitally. There's even a Metaverse Fashion Week with brands like Trotro, Dundas and Dolce & Gabbana.