BUSINESS

Elon Musk Drops Lawsuit Against OpenAI And Sam Altman

Elon Musk has threatened to ban iPhones inside his companies, saying an alliance between Apple and OpenAI has him worried about data security
In a California court, Musk had accused the AI firm he helped set up in 2015 of breaching a commitment to creating artificial intelligence that benefits society when it became a for-profit enterprise backed by Microsoft.
Dubai's Museum of the Future was the venue for the AI Retreat industry event on Tuesday

'Selective' UAE Courting US, Not China, On AI: Minister

Omar Al Olama, Minister of State for Artificial Intelligence, was speaking Tuesday after a state-linked Emirati AI firm secured a major investment from Microsoft, reportedly divesting Chinese interests as part of the deal.
More news
Atos runs supercomputers for France's nuclear deterrent and will provide real-time results during the Paris Olympics

French Tech Group Atos Picks Onepoint's Rescue Bid

Atos -- which runs supercomputers for France's nuclear deterrent, holds contracts with the French army and is the IT partner for the Paris Olympics -- is sagging under almost five billion euros ($5.4 billion) of debt.
Samsung Electronics' union members hold placards during a rally outside the company building in Seoul

Samsung Workers In S. Korea Stage First Strike: Union

Samsung Electronics is one of the world's largest smartphone makers and also one of the only companies globally to produce high-end memory chips used for generative AI, including top-of-the-line AI hardware from industry leaders such as Nvidia.
Boeing CEO Dave Calhoun will be on Capitol Hill on June 18, 2024 to talk about safety issues at the planemaker

Boeing CEO To Address Safety At US Senate Hearing

The company came under intense scrutiny in January in the wake of a near-disastrous Alaska Airlines flight, in which a 737 MAX was forced to make an emergency landing after a fuselage panel blew out in mid-flight.
The ECB's last rate cut was in September 2019.

ECB To Start Cutting Rates From Record Highs

After an unprecedented streak of eurozone rate hikes beginning in mid-2022 to tame runaway energy and food costs, inflation has been slowly coming down towards the ECB's two-percent target.
ConocoPhillips CEO Ryan Lance said the takeover of Marathon Oil would boost profitability by adding 'high-quality' low-cost assets

ConocoPhillips To Buy Marathon For $22.5 Bn In Latest Big Oil Deal

The deal, which includes the assumption of $5.4 billion in Marathon debt, is the latest in a series of acquisitions in the US oil sector, extending the lifespan of petroleum at a time when climate change advocates are pressuring producers to transition to carbon-free energy.
The missing emergency door of Alaska Airlines N704AL, a 737 Max 9, the January 5 flight that spurred oversight of Boeing

Boeing Set To Deliver Plan To Regulators On Upgrading Safety

The American aeronautics giant has faced intense scrutiny following manufacturing problems and pointed testimonials from whistleblowers in the aftermath of fatal crashes in 2018 and 2019 that have kept the company in the headlines for unwanted reasons.
Google's investment comes after Microsoft said it would pump billions into Malaysia and other countries in Southeast Asia

Google To Invest $2 Bn In Malaysia: Government

The government said the cash would support 26,500 jobs across various sectors in Malaysia, including healthcare, education, and finance, and comes days after Prime Minister Anwar Ibrahim targeted at least $107 billion in investments for the semiconductor industry.
Pharma firm Gilead has been called on to allow for generic versions of its new HIV drug

Pharma Firm Urged To Share New 'Game-changer' HIV Drug

The drug Lenacapavir could be a "real game-changer" in the fight against HIV, according to an open letter to Gilead CEO Daniel O'Day signed by a range of former world leaders, AIDS groups, activists, actors and others.
China's economic growth has been battered in recent years by a long-running debt crisis in the property market

IMF Lifts China Growth Forecast But Warns On Industrial Policy

The world's number-two economy has been battered in recent years by a long-running debt crisis in the property market, which accounts for a quarter of gross domestic product, while weak consumer spending and persistent deflation are also dragging on growth.
Samsung is being faced with the first-ever walkout in company history

Samsung Electronics Union Announces First-ever Strike

Samsung Electronics is one of the world's largest smartphone makers and also one of the only companies globally to produce high-end memory chips used for generative AI, including top-of-the-line AI hardware from industry leaders such as Nvidia.
Nvidia says nations interested in building their own 'sovereign AI' are among the customers driving demand for its chips

Nvidia Profits Soar On Demand For AI Power

The California-based company reported a net profit of $14.9 billion, while its revenue of $26 billion was almost four times what it took in during the same fiscal quarter last year.
Defenders of digital currencies say regulators are stuck in the past

US Lawmakers Seek To Clean Up Crypto Regulation 'Food Fight'

The Republican-backed Financial Innovation and Technology for the 21st Century Act -- known as FIT21 -- would split responsibility for cryptocurrency regulation between the Securities and Exchange Commission and the Commodities Futures Trading Commission.

Pages