OpenAI, the maker of ChatGPT, is considering developing its own artificial intelligence chips and has even considered analysing a potential acquisition target, according to persons familiar with the company’s plans. According to recent internal conversations reported to Reuters, the business has not yet made a decision to proceed. However, since at least last year, it…
Rivian Automotive, a manufacturer of electric vehicles, announced plans to sell $1.5 billion in convertible green bonds and a projected increase in quarterly income. In after-hours trading, shares of the business with headquarters in Irvine, California, decreased by over 8%. When issued, convertible bonds are often viewed unfavourably by investors since they can be diluted…
A public sale of stock in the company is expected to take place over the following two to three years, according to chipmaker Intel, which aims to operate its programmable chip unit as a standalone business beginning in January. Following the announcement, Intel stock increased by more than 2%. When Intel acquired Altera for $16.7…
According to persons familiar with the situation, BP Plc is considering selling a 49% share in its U.S. oil and gas pipeline network in the Gulf of Mexico in an effort to earn up to $1 billion. The proposed divestiture would aid BP in achieving its goals to cut debt and preserve its dividend. BP’s…
According to two sources with knowledge of the situation, Boeing intends to increase production of its most popular 737 narrowbody plane to a record of at least 57 per month by July 2025, indicating increased orders and the company’s recovery following the 737 MAX catastrophe. The objective would satisfy the aircraft manufacturer’s unfulfilled objective from…
The chairman of the indebted real estate developer China Evergrande Group, Hui Ka Yan, is under investigation on suspicion of moving assets overseas, according to a Monday Wall Street Journal story. Evergrande has been trying to obtain the consent of its creditors to restructure its offshore debt, but last week the situation became more difficult…
According to a late-stage trial, Johnson & Johnson’s cancer treatment combination extended patients’ survival times with a certain non-small-cell lung cancer compared to AstraZeneca’s Tagrisso. On Thursday, J&J stated that it anticipates the combination will be used as a first-line therapy for patients with non-small-cell lung cancer (NSCLC) who have a specific mutation in the…
According to a senior business executive, Danish pharmaceutical giant Novo Nordisk plans to introduce its popular weight-loss medicine Wegovy to India in 2026 after receiving regulatory licences and guaranteeing there is a sufficient supply to fulfil demand. In the most populated nation on earth, where obesity rates are high, particularly among women, there is a…
On Wednesday, Mark Zuckerberg, CEO of Meta Platforms, unveiled new artificial intelligence (AI) products for consumers, including smart glasses that provide answers to inquiries and bots that produce photorealistic photos. Zuckerberg emphasised that part of what Meta offered was low cost or free AI that could integrate into daily routine and defined the goods as…
Even though Micron Technology is getting ready to scale up manufacturing of new product lines and stated that it was aiming to become a supplier to Nvidia, the company estimated a larger than anticipated first-quarter loss, and its shares fell 2.4%. The fast expanding artificial intelligence industry helped the Idaho-based chipmaker’s first-quarter sales prediction surpass…
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