Business

Brad Lightcap Leaves OpenAI for New Venture Amid Executive Shakeup

OpenAI COO Brad Lightcap is departing to start his own company, extending a wave of senior executive exits at the AI lab.

Alpha Compute to Buy Pennsylvania Land for $55 Million Data Center Campus

Alpha Compute plans to acquire land and gas rights in Pennsylvania for a $55 million data center campus powered by on-site natural gas.

Sea Limited Shares Surge 9% as Revenue Climbs 48% and Shopee Outlook Strengthens

Sea Limited shares rose about 9% after quarterly revenue climbed 48% and the company delivered a stronger outlook for its Shopee e-commerce business.

US Existing Home Sales Fall 1.7% in July as Record Prices Deter Buyers

US existing home sales dropped 1.7% in July as record prices and the highest mortgage rates in a year kept many prospective buyers out of the market.

Barclays Downgrades Gap and Under Armour in U.S. Apparel Retailer Reshuffle

Barclays cut its ratings on Gap and Under Armour in a reshuffle of U.S. apparel retailers, citing limited upside amid uneven consumer demand.

Spirit Airlines CEO Ted Christie Confirms No Chapter 11 Bankruptcy Plans Amid Recovery Efforts

Spirit Airlines CEO Ted Christie announced on Friday that the budget airline is not considering a Chapter 11 bankruptcy filing, expressing optimism about the...

High-Profile CEOs and Investors Bet Big on Cricket’s Rise in the U.S.

Cricket may not be as popular in the U.S. as it is elsewhere, but prominent CEOs and investors are determined to change that. With...

United Airlines Introduces Personalized Advertising on Seat-Back Screens

United Airlines has introduced a new media platform called Kinective Media, designed to deliver personalized advertisements to travelers through seat-back screens and its mobile...

FDA Expands Approval of GSK’s RSV Vaccine to High-Risk Adults Aged 50-59

The FDA has expanded the approval of GSK’s respiratory syncytial virus (RSV) vaccine, Arexvy, to include adults aged 50-59 who are at increased risk...

General Motors Leverages Costco Partnership to Boost EV Sales

General Motors (GM) has found a strategic ally in Costco Wholesale to help drive U.S. consumer interest in its new electric vehicles (EVs). By...

Synapse Bankruptcy Leaves $85 Million Shortfall, Over 100,000 Fintech Customers Affected

A court-appointed trustee has uncovered an $85 million shortfall between the funds held by Synapse's partner banks and the amounts owed to depositors. Synapse,...

Chinese Tech Firm Offers $140,000 in Weight Loss Incentives for Employees

A tech company in Shenzhen, Guangdong province, has garnered widespread acclaim on mainland social media for its innovative approach to employee wellness. Insta360 has...

Vivo X100 Ultra: The New King of Camera Phones

Chinese smartphone brands have always pushed for impressive spec sheets, often surpassing Apple or Samsung. While some features like excessive RAM or ultra-high resolution...

Russia Seeks New Allies at St. Petersburg International Economic Forum Amid Western Sanctions

Russia’s annual St. Petersburg International Economic Forum (SPIEF), once likened to the World Economic Forum in Davos, has shifted focus due to the ongoing...

Dollar Tree Considers Selling Family Dollar Amid Struggles and Store Closures

Dollar Tree announced on Wednesday that it is considering selling its more grocery-focused Family Dollar brand. This comes after the company revealed plans to...

Chinese Entrepreneur Thrives with Traditional Noodle Restaurant Chain in Paris

A Chinese entrepreneur from Shandong province has successfully launched a restaurant chain in Paris, selling traditional Chinese noodles that started as a food truck...

Chinese Entrepreneur Thrives with Traditional Noodle Restaurant Chain in Paris

A Chinese entrepreneur from Shandong province has launched a successful restaurant chain in Paris, selling traditional Chinese noodles that began as a food truck...

CEO Jensen Huang Sparks Frenzy with Unconventional Autograph at Computex 2024

Images of Nvidia CEO Jensen Huang signing a woman's tight-fitting top at an expo in Taiwan have sparked a media and online frenzy. A...

China’s Real Estate Dilemma: A Decade-Long Correction Ahead, Says Economist

China's real estate market is bracing for a protracted period of adjustment, with the surplus of unsold homes expected to take over a decade...

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