OpenAI is making moves toward becoming a for-profit company
OpenAI is one step closer to becoming a for-profit company. The AI startup is in preliminary talks with California’s attorney…
Exclusive-Silver Lake, Bain prepare to bid for multi-billion stake in Intel’s Altera unit
Buyout firms Silver Lake and Bain Capital are among the potential suitors that are likely to compete to acquire a…
Spirit Aero raises doubts over ability to continue as going concern
-Spirit AeroSystems, a key supplier to U.S. planemaker Boeing, warned on Tuesday there was “substantial doubt” the company would be…
A Nvidia partner’s stock surged because Nvidia wants chips faster
An Nvidia (NVDA) partner in South Korea saw its shares surge Monday after it said the U.S.-based chipmaker wants chips…
Toyota to post first profit drop in 2 years as demand cools after big run
Toyota Motor is expected to post its first profit drop in two years when it reports second-quarter earnings on Wednesday,…
Rupee touches all-time low on equity outflows, US elections in focus
The Indian rupee touched its weakest level on record on Monday, as persistent outflows from local stocks blunted the impact…
Nvidia’s stock performance has been ‘staggering.’ But recent buyers of the stock are taking a far greater risk than they realize
Nvidia has become the combined Taylor Swift and Shohei Ohtani of stocks – glamorous, constantly hitting the ball out of…
Intel reportedly scaling back R&D teams in Israel — several hundred talented staff will be laid off
Intel plans to reduce its workforce by several hundred employees at its Israeli research and development centers, following similar job…
VW cost cutting necessary after ‘decades of structural problems’, CEO tells paper
Volkswagen’s planned cost-cutting programme was unavoidable in order to remedy “decades of structural problems” at the German carmaker, CEO Oliver…
Boeing Bankers Grab Up to $300 Million in Capital Raise Fees
Boeing Co.’s $20 billion-plus capital raise delivered four banks a hefty payday just as equity market issuance began to cool…