Business News
Nvidia Corp. Chief Executive Officer Jensen Huang stated that his company is currently unable to sell its AI chips in China, as both Washington and Beijing have implemented restrictions on sales into the world’s largest semiconductor market. Huang arrived in
Amazon.com Inc. is taking legal action against Perplexity AI Inc. in an effort to prevent the startup from assisting users in purchasing items on the world’s largest online marketplace. This lawsuit sets the stage for a confrontation that could influence
On Monday, OpenAI revealed a multi-year strategic partnership valued at $38 billion with Amazon Web Services. This collaboration is designed to grant the ChatGPT creator access to AWS’s sophisticated cloud infrastructure, facilitating the support of its expanding artificial intelligence workloads.
Amazon.com Inc. reported strong cloud growth, providing reassurance to investors that the substantial investments—amounting to tens of billions of dollars—that the company and its competitors are making in artificial intelligence will yield positive returns. In the third quarter, Amazon Web
Netflix is considering the possibility of making an offer for the studio and streaming business owned by Warner Bros. Discovery, according to sources. The company has reportedly engaged a financial advisor and obtained access to financial information. Sources indicate that
Mercedes-Benz, a German automobile manufacturer, made the announcement on Wednesday that its core automobiles business achieved margins that were stronger than that which was anticipated. This was driven by increased sales of premium models. The impact of one-time costs that
Global automakers are urgently seeking chips and consulting with suppliers to assess their stock levels, as an escalating semiconductor supply crisis linked to Dutch company Nexperia jeopardizes car production throughout the industry. Beijing has prohibited the export of Nexperia’s products
A Noveon Magnetics Inc. facility in Texas is leading the charge to enhance US production of the small yet essential industrial components central to a global trade conflict. The company’s inaugural facility, located less than an hour from Austin, commenced
OpenAI Chief Executive Officer Sam Altman and a select group of top executives have negotiated deals valued at up to $1.5 trillion, primarily without the involvement of external bankers or lawyers. Amid the intricate and non-traditional frameworks at play, Altman
Goldman Sachs is reportedly nearing an agreement to acquire a majority stake in Excel Sports Management, a prominent sports talent agency representing notable figures such as Tiger Woods, Caitlin Clark, and Derek Jeter, according to the reports. This move underscores