February 28, 2025 Intel’s anticipated $28 billion chip factories in Ohio are delayed until 2030 After its expensive bid to become a contract chip manufacturer for other companies strained its balance sheet, Intel has been cutting capital expenses. BY Reuters Intel‘s promised $28 billion chip fabrication plants in Ohio are facing further delays, with the first … Continue reading Intel’s anticipated $28 billion chip factories in Ohio are delayed until 2030
OpenAI’s board ‘unanimously’ rejects Elon Musk’s $97.4 billion takeover bid “OpenAI is not for sale,” said Chair Bret Taylor. igor bonifacic Updated Sat, Feb 15, 2025 Reuters / Reuters Elon Musk launched a $97.4 billion bid to take control of OpenAI. The Wall Street Journal reported a group of investors led by Musk’s … Continue reading Elon Musk wants to buy OpenAI for $97.4 billion
Chancellor McCormick also rejected a massive fee request by plaintiff attorneys. BY Associated Press A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk’s multibillion-dollar pay package. Chancellor Kathaleen St. Jude McCormick on Monday denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring … Continue reading Elon Musk’s $56 billion payday struck down again by this Delaware judge
Anthropic’s safety-first approach to AI development aligns with Amazon’s strategy to lead in both innovation and ethical AI. BY Sarah Bregel Competition among generative AI companies is heating up. On Friday, Amazon announced it would invest another $4 billion in the generative AI company, Anthropic. In little more than a year, the tech giant has now … Continue reading $4 billion more: Amazon deepens its bet on generative AI with Anthropic
Anthropic will use AWS AI chips after $4 billion Amazon investment Amazon’s in-house chips will take cycles from NVIDIA’s ubiquitous silicon. igor bonifacic Sat, Nov 23, 2024 Amazon, Anthropic Amazon is doubling its investment in Anthropic. The e-commerce giant will provide Anthropic with an additional $4 billion in funding on top of … Continue reading Anthropic will use AWS AI chips after $4 billion Amazon investment
Cyber Week sales of over $300 billion will account for 23% of holiday 2024 purchases. Kim Davis on November 21, 2024 Cyber Week alone will see some $ 311 billion in spending worldwide, $ 75 billion in the U.S. and account for almost a quarter of holiday purchases, according to Salesforce. What’s more, AI is … Continue reading Salesforce: AI will drive $61 billion in online Cyber Week sales
October 23, 2024 Boeing reports $6 billion quarterly loss amid a crippling strike CEO Kelly Ortberg said Boeing needs ‘a fundamental culture change in the company.’ BY Associated Press Boeing reported a loss of more than $6 billion in the third quarter and immediately turned its attention to union workers who will vote Wednesday whether to … Continue reading Boeing reports $6 billion quarterly loss amid a crippling strike
Adobe expects an 8.4% increase over last year’s online spending, nearly twice the increase seen last year. Chris Wood on October 1, 2024 U.S. online holiday shoppers are expected to spend $ 240.8 billion in November and December this year, according to a forecast by Adobe. This represents a 8.4% increase over last year’s … Continue reading 2024 online holiday spending set for record year with $240 billion in sales
The decision by the European Union’s highest court came on the 2nd day of Google’s latest US antitrust trial. Constantine von Hoffman on September 10, 2024 As the second day of the Justice Department’s antitrust case against Google got underway, the EU upheld a $ 2.6 billion antitrust fine against the company. The fine … Continue reading EU hits Google with $2.6 billion fine in antitrust case
August 29, 2024 Japan’s Nippon Steel plans to invest $1.3 billion more in U.S. Steel’s mills The spending is on top of the $1.4 billion investment plan through 2026 already pledged as part of the takeover proposal. BY Reuters Japan’s biggest steelmaker Nippon Steel said on Thursday it plans to make an additional investment of about … Continue reading Japan’s Nippon Steel plans to invest $1.3 billion more in U.S. Steel’s mills
