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08Jan

Elon Musk wins jury trial in lawsuit challenging OpenAI’s shift to for-profit

Washigtone: Billionaire entrepreneur Elon Musk persuaded a judge on Wednesday to allow a jury trial on his allegations that ChatGPT maker OpenAI violated its founding mission in its high-profile restructuring…

08Jan

Morgan Stanley Promotes 184 to Managing Director, Up 6% From Last Year

Morgan Stanley promoted 184 of its employees to managing directors this year, an about 6% increase from a year ago, according to an internal memo. The promotions, up from 173…

08Jan

Warner Bros Discovery Board Rejects $108.4B Paramount Skydance Hostile Bid

Los Angeles: Warner Bros Discovery's board unanimously turned down Paramount Skydance's latest attempt to acquire the studio, saying its revised $108.4 billion hostile bid amounted to a risky leveraged buyout…

08Jan

Chevron in talks with US to expand Venezuela oil license

Houston: Oil producer Chevron is in talks with the U.S. government to expand a key license to operate in Venezuela so it can increase crude exports to its own refineries…

08Jan

Ford to Launch Level 3 Hands-Free, Eyes-Off Driving on Highways by 2028

Las Vegas: Ford Motor said on Wednesday it would bring Level 3 driver-assistance systems to market in 2028, allowing drivers to take their hands and eyes off the road while…

08Jan

Anthropic eyes multi-billion fundraise at $350bn valuation

Anthropic is planning a multi-billion-dollar fundraise that would value the Claude chatbot maker at $350 billion, two sources told on Wednesday. This represents a nearly double increase in its valuation…

08Jan

JPMorgan Replaces Goldman Sachs as New Issuer of Apple Card

JPMorgan Chase and Apple on Wednesday announced a deal under which the bank will become the new issuer of the Apple Card, replacing Goldman Sachs, further expanding the biggest U.S.…

08Jan

Rivian recalls nearly 19,700 EVs in U.S. over rear toe link issue

Rivian Automotive is recalling 19,641 previously serviced R1S and R1T electric vehicles in the U.S., citing incorrectly assembled rear toe link, the U.S. National Highway Traffic Safety Administration said on…

08Jan

Arm creates Physical AI unit to push deeper into robotics at CES

Chip technology company Arm Holdings has reorganized the company to create a Physical AI unit to expand its presence in the robotics market, company executives told Reuters at CES, where…

08Jan

Uniqlo owner Fast Retailing hikes annual forecast after surge in quarterly profit

Tokyo: The operator of the Uniqlo clothing brand, Japan's Fast Retailing, said quarterly operating profit surged by a third and it bumped up its annual outlook, citing robust sales growth…

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