Business News
Nvidia Strikes $20 Billion AI Deal with Groq
Nvidia has reached an agreement to acquire essential assets from Groq, a startup specializing in high-performance artificial intelligence accelerator chips, in a cash transaction valued at $20 billion, according to a source. Alex Davis stated that the agreement was reached
Amazon, the US tech giant, has prevented over 1,800 North Koreans from joining its workforce, citing their attempts to secure remote IT positions. North Korea is recognized for dispatching IT workers overseas to generate income and covertly transfer funds back
Mercedes-Benz USA and its parent company Daimler AG have reached a settlement of $149.6 million in response to allegations that the automaker covertly installed devices in hundreds of thousands of vehicles to manipulate emission tests, as announced by a coalition
A report reveals that OpenAI has improved its margins on paid products this year, as it strives to uphold its leading status in the field of artificial intelligence. The publication conveyed that the company enhanced its “compute margin,” an internal
US President Donald Trump declared that nine pharmaceutical companies have consented to reduce the prices of their prescription medications in the United States. Pharmaceutical companies Amgen, Bristol Myers Squibb, Boehringer Ingelheim, Genentech, Gilead Sciences, GSK, Merck, Novartis, and Sanofi will
Elon Musk, already the world’s richest man, achieved another significant victory when the Delaware Supreme Court overturned a decision that had denied him a $55 billion pay package that Tesla awarded in 2018 as an incentive for its CEO to
Electric vehicle strategies across Asia are facing a fresh reality check as major battery and automakers in South Korea and Japan reassess their plans amid policy shifts in the US and Europe and abrupt strategic changes by Ford Motor, according
The newly established entity will be named TikTok USDS Joint Venture LLC, with American and global investors including Oracle, private equity firm Silver Lake, and Abu Dhabi-based MGX holding a combined 80.1 percent stake, while ByteDance will retain a 19.9
Ford Motor on Monday announced that it anticipates approximately $19.5 billion in charges, primarily associated with its electric-vehicle sector, as the company redefines its strategy in response to sluggish demand for EVs, as per reports. The charges highlight the significant
Dealmakers are approaching the concluding weeks of 2025 with a $100 billion cliffhanger. Paramount Skydance Corp.’s aggressive attempt to acquire Warner Bros. Discovery Inc. from the grasp of Netflix Inc. embodies the key themes that have defined a remarkable year