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Aug 24, 2024
ChatGPT-Maker OpenAI Taps Former Meta Exec To Drive Strategy

After a series of high-profile employees left ChatGPT-parent OpenAI, the startup has onboarded former Meta Platforms, Inc. (NASDAQ:META) executive, Irina Kofman. What Happened: Kofman will be reporting directly to OpenAI CTO Mira Murati and will initially focus on safety and…

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Aug 23, 2024
AstraZeneca Threatens To Move Vaccine Production

AstraZeneca Plc (NASDAQ:AZN) has reportedly warned that it might relocate its vaccine manufacturing site from Merseyside, U.K., to Philadelphia amid stalled negotiations with the U.K.’s Labour government. The deadlock revolves around a reduction in state aid initially promised by the…

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Aug 21, 2024
Alibaba-Rival JD.Com Plummets Over 7% in Pre-Market After Walmart Sells Stake

Walmart Inc. (NYSE:WMT) has announced plans to sell its stake in Chinese e-commerce giant and Alibaba-rival JD.com Inc. (NASDAQ:JD), causing JD.com’s shares to plummet. This decision comes as Walmart shifts its focus towards its own operations in China, as per…

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Aug 19, 2024
More Than Half of Fortune 500 Companies Flag AI As a Major Risk

The potential risks associated with artificial intelligence have been increasingly underscored by Fortune 500 companies in their annual reports. The number of firms highlighting AI as a risk factor has surged by 473.5% in the past year, a new report…

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Aug 15, 2024
Bitcoin Could Be At $20,000 In This Market, ETFs Are ‘A Godsend,’ Analyst Says

Bitcoin‘s (CRYPTO: BTC) price could be hovering around $20,000 without the support of exchange-traded funds (ETFs), according to Eric Balchunas, Senior ETF Analyst at Bloomberg. What Happened: In a conversation with Coindesk on Thursday, Balchunas outlined why ETFs have played…