Microsoft and OpenAI amend their agreement to enable the firm to draw in Amazon and other investors
Microsoft and OpenAI have renegotiated an agreement that gives Microsoft the only right to sell the AI models created by...
As part of Spirit’s rescue plan, airlines ask the US government for help
According to two people who spoke to Reuters, a consortium of American low-cost carriers, including Frontier and Avelo, have suggested...
Nvidia’s $5.3 trillion valuation sets a record
With shares ending close to their session highs and marginally increasing in after-hours trading, Nvidia's market value hit $5.26 trillion...
China prevents Meta from acquiring Manus, a Chinese-founded AI business
China has moved to block Meta’s $2 billion acquisition of Chinese-founded artificial intelligence startup Manus. A decision that reflects Beijing’s...
Spotify and Peloton collaborate to create a global platform for fitness content
With the announcement of a new fitness category partnership with Peloton Interactive on Monday, Spotify is expanding its reach beyond...
Warner Bros. Shareholders Back $110 Billion Merger with Paramount-Skydance
Warner Bros. Discovery shareholders on Thursday backed the company's proposed $110 billion merger with Paramount Skydance, but cast an advisory...
After the Warner Bros. debacle, Netflix expanded its share repurchase plan by $25 billion
Netflix announced this Thursday that its board of directors has authorized an additional share repurchase program worth $25 billion, thereby...
P&G says that rising oil costs will result in a $1 billion loss in profitability
Añadir entrada The U.S. consumer products behemoth Procter & Gamble (P&G) joined many other multinational corporations. Pointing to severe cost...
Edgardo del Rincón takes over as head of Banamex, succeeding Manuel Romo
Banamex stated that Edgardo del Rincón will take over as CEO of the bank and financial group in June, replacing...
Tesla’s first-quarter free cash flow is unexpectedly positive
Tesla reported unexpected positive free cash flow in the first quarter, defying expectations of cash burn. As the electric vehicle...