Business News
The US government is currently engaged in advanced discussions with AI companies to establish voluntary standards for the release of new models. An announcement could be forthcoming as early as next week, according to sources. Washington has intensified scrutiny of
Trump Accounts receives $250 million from Micron
President Donald Trump praised Micron Technologies, led by Sanjay Mehrotra, for announcing a $250 million investment in the Trump Accounts program, a long-term savings plan for kids. Mehrotra, the CEO of Micron, stated that as part of this initiative, the
Comcast will spin off NBCUniversal and Sky
Comcast intends to separate into two distinct publicly traded entities by divesting NBCUniversal and Sky. The company stated on Monday that its board and management team believe that each entity will be more effectively positioned to pursue its own strategic
Ford Motor has rehired, hired, or promoted approximately 350 seasoned engineers over the last three years following the underperformance of artificial intelligence in achieving the anticipated quality enhancements, as indicated by a report. The engineers, a significant number of whom
Apple is seeking approval from the Trump administration to acquire memory chips from ChangXin Memory Technologies, a Chinese firm that has been placed on a blacklist by the Pentagon, according to a report. The iPhone maker has engaged in discussions
Apple intends to increase prices on its products in response to rising costs associated with memory and storage chips, as stated by CEO Tim Cook in an interview. A surge in AI-driven demand for data centers has compelled consumer electronics
Global demand for electric vehicles saw an uptick for the third straight month in May, driven by ongoing incentives and high petrol prices that continue to encourage the transition from combustion-engine vehicles, as reported by consultancy Benchmark Mineral Intelligence on
The US Justice Department’s Antitrust Division has announced that it has approved Paramount Skydance Corp’s proposed $110 billion acquisition of Warner Bros. Discovery stated that it was improbable to negatively impact competition or consumers. DOJ indicated that it dedicated eight
US firms continue to exhibit hesitance in increasing their investments in China, even in light of enhanced profitability, as highlighted by a recent survey. This reluctance reflects ongoing concerns stemming from the trade tensions between the two nations. Only 49
ChatGPT-maker OpenAI has filed preliminary paperwork that could pave the way for it to become a publicly traded company, positioning itself as the third member of a powerhouse trio of artificial intelligence firms vying for Wall Street debuts. The company