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Founder of Online Underworld Bank Gets 20 Years in Prison

The founder of an online underworld bank that allegedly laundered billions of dollars for criminals was sentenced Friday to 20 years in prison.

Arthur Budovsky, 42, had pleaded guilty to one count of conspiring to commit money laundering on January 29, three days before the scheduled start of his trial in New York.

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Self-Driving Cars in a Fast Lane, Says Fiat Chrysler Chief

Self-driving cars could hit roads within five years, the head of Fiat Chrysler Automobiles said Friday, days after the company announced an alliance with Google parent Alphabet.

Chief executive Sergio Marchionne declined to disclose financial details of the partnership or a timetable for building minivans that will expand the Internet company's test fleet of autonomous vehicles.

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Microsoft to address U.N. on 'Digital Terror'

Microsoft has accepted an invitation from the UN Security Council to address a special debate next week on counter-terrorism and confronting "digital terror", UN diplomats said.

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Report: YouTube Plans Internet Television Service

YouTube plans to launch a service that streams cable television channels to viewers over the Internet for the price of a subscription, Bloomberg reported on Wednesday.

YouTube has made a priority of creating the service, called Unplugged, which could debut as early as next year, according to the report, which cited unnamed people close to the project.

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Uber Assembles International Insights in Policy Board

Uber on Wednesday introduced a newly formed policy board that includes a former vice president of the European Commission, as the ride-sharing service navigates regulatory roads around the world.

The new board, including former EU commission for competition Neelie Kroes, held its first meeting this week, Uber advisor David Plouffe said in a blog post.

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Apple Gets Google X Lab Co-founder for Health Projects

Apple confirmed Tuesday that it has hired robotics star and Google X lab co-founder Yoky Matsuoka to work on health projects.

Matsuoka, a winner of the MacArthur genius award, last year left her job as a vice president at Google-owned Nest.

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WhatsApp Blockage Ends in Brazil

A Brazilian court on Tuesday agreed to end its blockage of the smartphone messaging service WhatsApp after suspending it for failing to surrender user data, the company said.

WhatsApp, owned by Facebook, appealed against the shutdown imposed on the company on Monday for not handing over information requested in a drug trafficking investigation.

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Australian Entrepreneur Reveals Himself as Bitcoin Creator

Australian entrepreneur Craig Wright on Monday revealed himself as the creator of the virtual Bitcoin currency to media outlets the BBC, The Economist and GQ magazine.

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Berlin Cracks down on Airbnb Rentals to Cool Market

Berlin from Sunday began restricting private property rentals through Airbnb and similar online platforms, threatening hefty fines in a controversial move meant to keep housing affordable for locals.

The German capital fears that the growing trend of people letting out apartments to tourists through sites such as Airbnb, Wimdu and 9Flats is cutting into a limited property supply and driving up rents.

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Watchers Wonder if Apple Has Lost its Magic

Is Apple facing a rare, simple pause in growth in a tough global economy or has it lost its magic for dreaming up must-have new gadgets like the iPhone?

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