(Reuters) -A planned sale of OpenAI employee shares that would value the startup at about $86 billion on paper hangs in the balance after the sudden firing of CEO Sam Altman and a slew of top executive departures, the Information reported on Saturday. The tender offer, which Thrive Capital is leading, has not yet closed…
(Reuters) – Walt Disney Co said on Friday it has paused advertising on Elon Musk’s social media site X. (Reporting by Maria Ponnezhath in Bengaluru;editing by Diane Craft)
WASHINGTON (Reuters) – Former White House Chief of Staff Mark Meadows filed notice on Tuesday seeking to move a case brought against him by the district attorney in Georgia’s Fulton County to federal court, according to a court document. Meadows, who served in the Trump administration, was among those charged with former U.S. President Donald…
By Christoph Steitz and Ron Bousso BERLIN/LONDON (Reuters) – BP is seeking partners for offshore wind projects in Japan and may invest in hydrogen technology companies to tackle inflation and equipment bottlenecks that have battered the renewables sector. The oil major plans to expand in low carbon energy in the coming decades as it seeks…
By Abhirup Roy LOS ANGELES (Reuters) – Hyundai Motor and Kia see strong U.S. demand for electric vehicles (EVs), senior executives at the South Korean automakers told Reuters ahead of the Los Angeles Auto Show. The comments run against industry fears that inflation and higher interest rates will undermine the boom in EV sales. Other…
By Ernest Scheyder LOS ANGELES (Reuters) – Western lithium and graphite miners have started charging the electric vehicle (EV) supply chain higher prices for their material, meeting demand for environmentally-friendly and consistent supply that is not linked to China. In presentations and interviews at this week’s Benchmark critical minerals conference in Los Angeles, industry executives,…
(Reuters) – Apple said it plans to adopt a messaging standard next year that will allow for a smoother texting experience between iPhones and Android devices. The company had been resisting the Rich Communication Services (RCS) standard for more than a year, with Alphabet’s Google and others pushing for the iPhone maker to adopt the…
By Karen Freifeld (Reuters) -Semiconductor equipment maker Applied Materials is under U.S. criminal investigation for potentially evading export restrictions on China’s top chipmaker SMIC, according to three people familiar with the matter. The largest U.S. semiconductor equipment maker is being probed by the Justice Department for sending equipment to SMIC via South Korea without export…
(Reuters) – IBM on Thursday said it had immediately suspended all advertising on Elon Musk-owned X after a report found its ads were placed next to content promoting Adolf Hitler and the Nazi Party. The report comes a day after Musk endorsed an antisemitic post on X that falsely claimed members of the Jewish community…
By Chibuike Oguh NEW YORK (Reuters) -Shares of Intel rose by nearly 7% on Thursday, hitting their highest level in 17 months, after Mizuho Securities upgraded its rating on the semiconductor maker’s stock to “buy,” citing prospects of increased revenue from forthcoming chips and new production facilities. Intel is set to unveil a new data…
