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OpenAI’s CEO has reportedly met with the UAE’s president to discuss the country’s artificial intelligence (AI) ambitions.
That’s according to a report Saturday (Sept. 27) from Reuters, citing the United Arab Emirates (UAE) state news agency.
According to the report, the talks between Sheikh Mohammed bin Zayed Al Nahyan and OpenAI CEO Sam Altman focused on boosting cooperation between...
America is embracing the rise of the small, drive-thru coffee chain.
As the Financial Times reported Sunday (Sept. 28), hundreds of these locations — in buildings “the size of shipping containers” are cropping up around the U.S.
They’re run by drive-thru chains such as Dutch Bros, 7 Brew, Biggby Coffee, Scooter’s Coffee and Black Rock Coffee Bar, focusing on fast service and in many...
Walmart is reportedly preparing for artificial intelligence (AI) to transform its workforce.
“It’s very clear that AI is going to change literally every job,” CEO Doug McMillon said last week, per a Friday (Sept. 26) Wall Street Journal report.
The report characterized McMillon’s comments, at a workforce conference at Walmart’s headquarters in Arkansas, as among “the most pointed...
New import levies have Americans facing the highest tariff rates in nearly a century.
The tariffs announced last week on prescription drugs, heavy trucks and furniture have led to an overall average effective tariff rate of 17.9%, the highest since 1934, Seeking Alpha reported Saturday (Sept. 27), citing data from The Budget Lab at Yale.
The lab found that the overall price level from...
AI startup Black Forest Labs is reportedly seeking a $4 billion valuation in a new funding round.
The German image generation company is in talks to raise between $200 million to $300 million, the Financial Times (FT) reported Sunday (Sept. 28), citing three sources familiar with the matter.
According to the report, Black Forest has already raised an undisclosed amount of funding...
This week’s Weekender takes a brisk, slightly irreverent lap around real, historical financial rescues, from J.P. Morgan’s locked-door diplomacy to depositors getting saved while shareholders didn’t.
With Washington now signaling it will do what is needed to support Argentina’s economy, including talks over a large swap line alongside an International Monetary Fund program, it’s a good...
Life insurance technology company Ethos Technologies filed for its initial public offering Friday (Sept. 26).
The company filed its registration statement on Form S-1 with the Securities and Exchange Commission for a proposed IPO and intends to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “LIFE,” it said in a Friday press release.
“The number...
Klarna’s shares reportedly dropped below their initial public offering price for the first time Friday (Sept. 26) amid a widespread weakening of technology stocks.
The company’s stock fell as low as $38.31 Friday, below the $40 IPO price on its Sept. 10 trading debut, Bloomberg reported Friday.
This week saw a slowdown in technology stocks after a record-setting rally, according to the...
Artificial intelligence startup Perplexity has launched an application programming interface (API) that it claims provides developers with access to the same infrastructure that powers the company’s public search engine.
The new Perplexity Search API provides a single interface through which developers can tap information from the company’s index of hundreds of billions of webpages,...
Apple is building a ChatGPT-like iPhone app to test a revamped version of Siri. Still, the tool is restricted to internal testing only and will not be released to consumers, Bloomberg reported Friday (Sept. 26). The app lets Apple engineers experiment with features such as searching through emails and music or completing in-app tasks like editing photos, giving the company a faster way to refine...