OpenAI said late Wednesday that it hired Fidji Simo, the chief executive of Instacart, to take on a new role running the artificial intelligence company’s business and operations teams. In a blog post, Sam Altman, OpenAI’s chief executive, said he would remain…
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A federal jury on Tuesday ordered the best-known maker of government spyware to pay a record-setting $167 million for hacking more than 1,000 people through WhatsApp messages in a stunning cap to six years of litigation. The verdict came on…
SAN FRANCISCO — ChatGPT maker OpenAI will remain under the control of its founding nonprofit board after abandoning a plan to split off its commercial operations as a for-profit company. Former employees and Elon Musk, a co-founder of OpenAI who…
Amazon founder and executive chairman Jeff Bezos is planning to sell some of his holdings in the company. Bezos, whose net worth is valued at over $200 billion, will sell up to 25 million shares in the company, valued at around $5 billion,…
Starting Friday, the Trump administration is shelving a nearly century-old tax loophole that saved companies from paying tens of billions of dollars in fees on cheap imports, most of which come from China. The move stems from the sweeping tariffs President Donald…
The past several weeks might have been tumultuous or even existential for a lot of U.S. businesses caught up in trade wars, but they’ve been pretty darn good for Starlink, the satellite company owned by Elon Musk. After years of regulatory…
The White House is coming down on Amazon over a Tuesday report from Punchbowl News that claimed the world’s largest online retailer will start showing how much Trump’s tariffs affect the price of each product. Amazon, however, says the report was inaccurate…
The European Union fined Apple and Meta hundreds of millions of dollars last week. The European Commission has fined Apple €500m (£429m) and Meta €200m for breaking rules on fair competition and user choice, in the first penalties issued under one of the EU’s landmark internet…
ChatGPT creator OpenAI and Yahoo would like to buy Google’s Chrome web browser if a federal judge orders a sale of the internet’s most popular gateway. The interest of these companies emerged this week during a trial that will determine…
Mark Zuckerberg’s plan is to make Meta the market leader in artificial intelligence. Investors will want to know how President Donald Trump’s tariffs-heavy trade policies will impact that strategy. Those answers could start to come as soon as this week as Meta’s AI…
