Business News
Korean Air snaps up 100 Boeings for $50 billion
Korean Air has announced a $50 billion deal to buy more than 100 Boeing aircraft and several spare engines and obtain engine maintenance for 20 years. The deal was formalised at a signing ceremony Monday in Washington as South Korean
On Friday, the primary indices of Wall Street experienced an increase exceeding 1 percent, following remarks from US Federal Reserve Chair Jerome Powell, who indicated a potential interest-rate reduction at the upcoming policy meeting during his address at the Jackson
Nvidia is reportedly working on a new AI chip for China, leveraging its latest Blackwell architecture. This upcoming chip is expected to surpass the capabilities of the H20 model that the company is currently permitted to sell in the region,
Ukraine has put forward a $150 billion defense package in collaboration with the United States (US), a move that could solidify its security following a potential peace settlement with Russia, as indicated by documents shared with allies. The proposal outlines
Musk threatens antitrust lawsuit against Apple
Elon Musk has issued a warning of potential legal action against Apple, citing alleged violations of antitrust laws. The tech mogul’s statement raises significant concerns about competition in the industry. On Tuesday, tech billionaire Elon Musk issued a warning about
Chip manufacturers Nvidia and Advanced Micro Devices (AMD) are set to allocate 15 percent of their revenue derived from AI chip sales to China to the US government. The agreement emerges subsequent to a discussion held between Nvidia’s chief executive
Elon Musk and Satya Nadella find themselves in conflict once more, this time regarding the launch of GPT-5. Elon Musk, the chief of xAI, expressed his displeasure on Thursday following the release of OpenAI’s latest GPT-5 model, which he views
The US government’s central purchasing arm has announced the inclusion of OpenAI, Alphabet Inc.’s Google, and Anthropic to its roster of approved artificial intelligence vendors. This move paves the way for the broader implementation of AI technology within civilian federal
President Donald Trump intensified his efforts to compel pharmaceutical companies to reduce drug prices, dispatching letters to 17 of the largest drug manufacturers globally, insisting they align US pricing with that of other nations for new medications. In the correspondence
OpenAI is aggressively pursuing billion-dollar transactions in specialized enterprise AI services as its user base grows. Demand for ChatGPT and high-value AI contracts drives its expansion. The firm is currently producing approximately $1 billion each month and has around 700