Business News – Page 20 – The paper fuel business magazine uk

31Jan

Judge signals possible dismissal of Musk’s xAI lawsuit against OpenAI over trade secrets

A federal judge signaled on Friday she ‌may dismiss a lawsuit by Elon Musk's artificial intelligence startup xAI accusing Sam Altman's rival OpenAI of stealing trade secrets to gain an…

31Jan

Boeing seals new contract with 1,600 former Spirit AeroSystems staff

Boeing reached a new contract on Friday with about 1,600 white-collar workers with the former Spirit AeroSystems, which it re-acquired in December. The contract, which expires in late 2030, was…

31Jan

Nvidia’s $100B OpenAI investment hits pause after internal concerns, WSJ reports

Nvidia's plan to invest up to $100 billion in OpenAI to help it train and run its latest artificial-intelligence models has stalled after some inside the chip giant expressed doubts…

31Jan

Bob Iger plans early Disney CEO exit, to step back before contract ends: WSJ

Walt Disney's Bob Iger has told associates he plans to step down as CEO and pull back from daily management before his contract expires on December 31, the Wall Street…

31Jan

Delaware court cuts Tesla’s shareholder legal fees by over $100 million

Wilmington: The Delaware Supreme Court handed Tesla a victory on Friday, slashing by more than $100 million the legal fees owed to shareholder lawyers ‌who successfully sued directors at Elon…

31Jan

L3Harris wins US Navy deal for Red Wolf strike vehicles

Defense contractor L3Harris Technologies said on Friday it had secured a U.S. Navy deal to develop Red Wolf vehicles for the Marine Corps' precision-strike program. The Red Wolf is a…

31Jan

Indian e-commerce firm Meesho’s quarterly loss surges as costs climb post market debut

Indian e-commerce firm Meesho's quarterly loss widened sharply in its first earnings report since its blockbuster market debut in December last year, as costs rose. The firm's consolidated net loss…

31Jan

Perplexity signs $750M Azure cloud deal with Microsoft

AI startup Perplexity has signed a $750 million agreement with Microsoft to use its Azure cloud service, Bloomberg News reported on Thursday, citing people familiar with the matter. The three-year…

31Jan

SanDisk stock jumps on strong AI-led forecast and extended supply deal

Sandisk shares rallied on Friday, after the data storage firm projected third-quarter profit and revenue well above analysts' estimates and extended a major supply deal, powered by a surge in…

31Jan

Apple acquires Israeli AI audio startup Q.ai

San Francisco: Apple on Thursday said it has acquired Q.ai, an Israeli startup working on artificial intelligence technology for audio. Apple did not disclose terms of the deal for Q.ai,…

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