Business

Nvidia Buys Hugging Face for $13 Billion, Keeping It Open Source

Nvidia agreed to acquire AI platform Hugging Face for $12.93 billion, pledging to keep the developer hub open source and independent of its own hardware.

Gloria Steinem, Feminist Icon and Ms. Magazine Co-Founder, Dies at 92

Gloria Steinem, journalist, activist and co-founder of Ms. Magazine, died at 92 at her New York City home, her foundation said Wednesday.

Campbell’s Slashes Dividend and Cuts Sales Outlook as Shares Drop 7%

Campbell's slashed its dividend and cut its annual sales forecast on weak consumer spending, sending shares down about 7% after sales and profit declined.

Iran Strikes US Bases in Kuwait as Trump Warns War Won’t Last Long

Kuwait's military intercepted Iranian missiles and drones Thursday as Tehran widened its retaliation against U.S. bases, with Trump warning strikes could r

Trump Confirms Xi Washington Visit This Month, Touts US Lead in AI Race

Trump said on Wednesday that Xi Jinping will visit Washington this month, calling the summit exciting and claiming a US lead in artificial intelligence.

Snap Reports Q1 Revenue Beat but Issues Cautious Outlook

Snap reported better-than-expected first-quarter revenue on Tuesday but caused concern with its decision not to provide guidance for the second quarter. The company cited...

Super Micro Shares Drop 19% After Lower-than-Expected Q3 Results

Super Micro's shares dropped as much as 19% on Tuesday following the announcement of its preliminary third-quarter fiscal results, which fell short of analysts'...

Waymo and Toyota Partner to Explore Autonomous Technology for Personal Vehicles

Waymo, the autonomous driving division of Alphabet, and Toyota have announced a preliminary partnership to explore how to bring robotaxi technology to personally-owned vehicles....

Samsung Reports Record Revenue and Growth in Q1 Despite Economic Challenges

Samsung Electronics exceeded analysts' expectations in its first-quarter results, with a 10% increase in revenue and a 1.5% rise in operating profit. The company’s...

AI Revolutionizing Software Development at Microsoft and Meta

Satya Nadella, CEO of Microsoft, revealed that up to 30% of the company's code is now written by artificial intelligence, marking a significant shift...

UK Risk of Losing Fintech and Crypto Innovation to Global Hubs

The UK risks losing emerging fintech and cryptocurrency entrepreneurs to rival hubs if it doesn’t address key regulatory and funding challenges, according to industry...

SoFi to Re-Enter Cryptocurrency Market with Expanded Offerings

SoFi CEO Anthony Noto has announced that the fintech bank will reintroduce cryptocurrency investing by the end of this year after a significant regulatory...

United Airlines Reopens Expanded Polaris Lounge at Chicago O’Hare

United Airlines has reopened its flagship Polaris lounge at Chicago O’Hare International Airport, offering an enhanced experience for premium international travelers. Located in Terminal...

JetBlue Nears Major Partnership to Expand Reach After Failed Mergers

JetBlue Airways is preparing to announce a strategic partnership with a larger U.S. airline in the coming weeks, aiming to expand its network and...

Pfizer Expands Cost-Cutting Plan, Beats Q1 Earnings Amid Declining Covid Sales

Pfizer reported better-than-expected first-quarter earnings while unveiling an expanded cost-cutting initiative aimed at stabilizing its business amid a continued drop in Covid-related revenue. While...

Novo Nordisk Expands Wegovy Access Through Telehealth Amid End of Compounding

Novo Nordisk announced that it will make its weight loss drug Wegovy available through telehealth platforms Hims & Hers Health, Ro, and LifeMD, as...

GM Reassesses 2025 Outlook and Halts Stock Buybacks Amid Tariff Concerns

General Motors reported strong first-quarter results, surpassing Wall Street expectations, but has paused future stock buybacks and is reassessing its 2025 financial guidance due...

Pfizer CEO Cites Tariff Uncertainty as Barrier to U.S. Investment

Pfizer CEO Albert Bourla expressed concerns on Tuesday over the uncertainty surrounding planned pharmaceutical tariffs, saying it is discouraging the company from increasing investments...

Oddity Tech Surpasses Expectations and Raises 2025 Forecast Amid Tariff Uncertainty

Oddity Tech, the parent company of Il Makiage and Spoiled Child, reported robust first-quarter results and raised its guidance for fiscal 2025, outperforming broader...

- A word from our sponsors -

spot_img

Follow us

HomeBusiness