OpenAI valued at $80 billion after deal, NYT reports
(Reuters) -Microsoft-backed OpenAI has completed a deal that values the artificial intelligence company at $80 billion or more, the New…
Category: Business
High-flying Nvidia’s earnings could test US stock market’s AI dreams
By David Randall and Saqib Iqbal Ahmed NEW YORK (Reuters) – Next week’s earnings report from chipmaker Nvidia could prove…
Nvidia’s scorching shares drew hedge funds in Q4, filings show
(This Feb. 14 story has been corrected to change stock performance to ‘nearly 240%’ from 65%, in paragraph 2) By…
Amazon joins companies arguing US labor board is unconstitutional
By Daniel Wiessner (Reuters) – Amazon.com has joined rocket maker SpaceX and grocery chain Trader Joe’s in claiming that a…
OpenAI, Meta and other tech giants sign effort to fight AI election interference
By Sheila Dang and Katie Paul (Reuters) – A group of 20 tech companies announced on Friday they have agreed…
Home Depot 2024 forecast in focus as investors pin hopes on sales recovery
By Deborah Mary Sophia (Reuters) – Home Depot’s annual forecast will be the prime focus for investors when the U.S.…
Fed needs time, data, patience on inflation fight: Daly
(Reuters) – Despite “remarkable” progress on U.S. inflation, Federal Reserve Bank of San Francisco President Mary Daly said on Friday…
AI firms surge after chip giant Nvidia discloses stake
By Medha Singh (Reuters) -Shares of smaller AI firms rallied on Thursday after the world’s most dominant artificial intelligence chipmaker,…
NYCB discloses over $18.7 billion in reciprocal deposit capacity, shares rise
By Manya Saini (Reuters) -New York Community Bancorp shares rose 5% on Thursday after it disclosed it has more than…
Pfizer agrees to pay $93 million to settle Lipitor antitrust lawsuit
By Mike Scarcella (Reuters) – Pfizer has agreed to pay $93 million to settle antitrust claims by wholesale drug distributors…