Author: Press Room
© Reuters. The logo of Nikola is seen on a truck, during the press day preview of the Los Angeles Auto Show in Los Angeles, California, U.S. November 16, 2023. REUTERS/David Swanson (This Nov. 17 story has been corrected to say that the CFO leaves less than a year after taking up the role, not after joining the company, in paragraph 1, and removes reference from the headline) (Reuters) – Electric-truck maker Nikola (NASDAQ:) said on Friday Chief Financial Officer Anastasiya Pasterick would resign to “pursue other opportunities” less than a year after taking up the role. Pasterick was appointed…
© Reuters. Word “Crypto” and stock graph are seen through magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration (Reuters) – A spate of filings for spot bitcoin and ether exchange-traded funds (ETFs), including from traditional finance heavyweights, has revived the crypto market that had been crushed by a series of meltdowns last year. A spot crypto ETF would track the market price of the underlying crypto asset, giving investors exposure to the token without having to buy the currency. The SEC has previously denied all spot bitcoin ETF applications citing potential for fraud, but that could soon…
© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. REUTERS/Brendan McDermid/File Photo A look at the day ahead in U.S. and global markets from Mike Dolan. Thanksgiving may make for a clipped U.S. markets week, but there’s plenty to chew on around the world before then – and a feast of intrigue in the artificial intelligence space. Boardroom shenanigans at ChatGPT-developer OpenAI, where former boss Sam Altman was ousted on Friday and then hired by the firm’s biggest backer Microsoft (NASDAQ:), raises interesting questions about…
Legend Biotech GAAP EPS of -$0.17 beats by $0.14, revenue of $96.01M misses by $3.5M
An agreement between the Army and one of the nation’s largest ammunition manufacturers is receiving new scrutiny because of a little-known provision allowing a government facility to produce hundreds of millions of rounds for the retail market.Over more than a decade, contracts between the Pentagon and a series of private companies have permitted an Army site, the Lake City Army Ammunition Plant, to become one of the world’s largest commercial suppliers of cartridges for AR-15-style guns.Built during World War II near Kansas City, Mo., to supply the U.S. military, the plant has in recent years directed a majority of its…
A Harvard professor discovered mysterious metal-rich spherules at the bottom of the ocean. Because of their unique composition, he controversially claimed they were alien in nature. Many scientists refuted this claim, and one now thinks they may just be industrial waste. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app A Harvard professor’s claims that metallic balls discovered under the ocean may have been made by aliens have been called into question yet again.In July, Avi Loeb, the director of a computational astrophysics center at Harvard, claimed…
OpenAI’s convoluted corporate structure was designed to protect its board of directors from normal commercial pressures and ensure that the advanced artificial intelligence the company was building would always serve humanity.Instead, the unusual arrangement tipped off a crisis this weekend that threatened to tear apart the company at the forefront of the global race over generative AI.The news on Friday that four members of the company’s board had sacked chief executive Sam Altman shocked the tech world. Just minutes later, with no clear information about what had happened, one of the company’s investors claimed that this was how OpenAI was…
© Reuters. FILE PHOTO: Spain’s Prime Minister Pedro Sanchez takes the oath of office during a ceremony at Zarzuela Palace in Madrid, Spain November 17, 2023. Andres Ballesteros/Pool via REUTERS/File photo MADRID (Reuters) -Spain’s re-elected Socialist Prime Minister Pedro Sanchez is likely to retain Nadia Calvino as his economy minister in a largely unchanged cabinet he is scheduled to unveil later on Monday, sources told Reuters. Calvino, who is leading the race to get the top job at the European Investment Bank at the end of the year, will also keep her position as first deputy prime minister, a government…
© Reuters. FILE PHOTO: Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. REUTERS/Carlos Barria/File Photo (Reuters) – Following a surprise ouster, OpenAI co-founder and former CEO Sam Altman joined Microsoft (NASDAQ:) as the head of artificial intelligence research along with the ChatGPT maker’s former President Greg Brockman and other staff. The developments come less than a year after OpenAI kicked off the generative AI frenzy with the launch of viral chatbot ChatGPT and bagged Microsoft as an investor, among other big names. The shakeup is not the…
L&T Technology Services collaborates with NVIDIA