Page 185 - Bloomberg

OpenAI CEO, Perplexity donate $1 mn each to Trump's inaugural fund

President Trump will lead our country into the age of AI, and I am eager to support his efforts to ensure America stays ahead, Sam Altman said in a statement

Apple to further self-reliance by developing own bluetooth, wi-fi chips

Apple is one of Broadcom's biggest customers, accounting for roughly 20 per cent of revenue

Amazon donates $1 mn to Donald Trump's inaugural fund as Bezos plans visit

Amazon founder Jeff Bezos is also meeting with Trump next week, the president-elect said Thursday, highlighting his contacts with tech titans

Formula 1 owner's $3.8 billion MotoGP deal faces full-scale EU probe

MotoGP is just the latest asset to be taken over by billionaire John Malone's sprawling Liberty Media empire that already includes a wide range of media, communications and entertainment businesses

SBI adds to record samurai loan boom with $197 million debt facility

Mitsubishi UFJ Financial Group Inc. is the lead bank of the deal, which will be raised in the Gujarat International Finance Tec-City

Meta donates $1 mn to Trump's inaugural fund to build positive relation

Meta owns Facebook and Instagram, platforms that Trump used heavily during his first term until his accounts were suspended following the Jan. 6, 2021 riot at the US Capitol

Nvidia steps up hiring in China to focus on research in AI-driven cars

The world's second most valuable company will end the year with about 4,000 people, up from just about 3,000 at the start of 2024

Rebel Foods raises $210 million funding ahead of planned 2026 IPO

Rebel Foods was founded by McKinsey & Co. alumnus Jaydeep Barman with the goal of building a range of online-only brands

Trump's national security pick vows return to maximum pressure on Iran

During his first term, Trump pulled the US out of an agreement that imposed limits on Iran's nuclear program

$319 billion ESG bond market tumbles; bankers, investors left in lurch

Companies and government bodies have so far raised $37.6 billion via the instruments, known as SLBs, about 46 per cent lower than in all of 2023

OpenAI CFO thinks business users will pay thousands monthly for AI tools

In the future, however, Friar said OpenAI could charge customers based on the value they get from using the startup's products, particularly in the enterprise setting - whether it be lawyers who turn

GM to retreat from robotaxi operations once championed by CEO Mary Barra

While GM will still develop autonomous technology, it's a big retrench for the company

Elon Musk becomes first person to reach $400 billion in net worth

On Wednesday, SpaceX and its investors agreed to purchase $1.25 billion of shares from employees and other company insiders. The deal, which values the privately held space exploration firm at about

US core inflation stays firm with 4th straight 0.3% increase, fuels concern

The so-called core consumer price index - which excludes food and energy costs - increased 0.3% for a fourth straight month, Bureau of Labor Statistics figures showed Wednesday

Amazon targets paid reviews on TikTok, YouTube, Instagram via shoppers

Before announcing the rule, the FTC notified 700 companies, including Amazon, Facebook and Google, about its plans to curb a scourge that has become more prevalent in recent years

Saudi Arabia officially announced as host for Fifa World Cup 2034

Saudi Arabia is eight years into a multi-trillion dollar transformation agenda aimed at freeing the economy from its reliance on petrodollars. The plan includes creating dozens of new industries

ReNew Energy plans buyback to delist from Nasdaq at 11.5% premium

The company's shares have consistently traded well below a peak of about $12 in February 2021. A buyback of cheap shares could represent an opportunity as the Indian market is set to grow

Iran's increasingly vulnerable leadership takes a hit after Assad's fall

The theocracy already faces major levels of internal dissent and economic pain

China to restrict visas to US officials for threatening Hong Kong curbs

The curbs were in retaliation for Washington's previous vow to restrict the visas of unnamed Hong Kong officials for carrying out a national security crackdown that silenced dissent

Xi readies bargaining chips for US trade war after Biden announces curbs

If Trump were to impose tariffs again, China could once more respond in kind, hitting US exports of machinery or agricultural exports of soybeans, corn, pork again