Business
OpenAI Reaches a Deal to Settle Financial Issues with Its Partner Microsoft
OpenAI Reaches a Deal to Settle Financial Issues with Its Partner Microsoft OpenAI has reached a deal to settle financial issues with its partner Microsoft, which invested $13 billion in exchange for 49% of OpenAI’s future profits. The deal involves restructuring their relationship and signing a nonbinding memorandum of understanding, with plans to formalize it […]
📰 News
Tech CEOs Praised President Trump at White House Dinner [Video]
Tech CEOs Praised President Trump at White House Dinner [Video] President Trump hosted a dinner for top tech CEOs at the White House, receiving unanimous praise from the gathering. The CEOs, including Apple’s Tim Cook and OpenAI’s Sam Altman, expressed their gratitude to President Trump for promoting investments in chip manufacturing and AI, as well […]
📰 News
Silicon Valley’s most powerful alliance just got stronger
Silicon Valley’s most powerful alliance just got stronger Eddy Cue, Apple’s SVP of Services, testified during Google’s antitrust trial that he had lost sleep over the issue of default search engine payments. Cue’s testimony appears to have influenced Judge Amit Mehta’s ruling that Google’s default payments to Apple and others can continue. The ruling means […]
📰 News
Personal power v. socialized power: What Machiavelli and St. Francis can tell us about modern CEOs
Personal power v. socialized power: What Machiavelli and St. Francis can tell us about modern CEOs Two types of power motivation exist: personal power (dominating others) and socialized power (benefiting others), according to psychologist David McClelland’s “two faces of power” theory. A study analyzed the language used by CEOs in interviews and conference calls, using […]
📰 News
State Department layoffs could hurt US companies’ ability to compete globally – an economist explains why
State Department layoffs could hurt US companies’ ability to compete globally – an economist explains why The mass layoffs at the US State Department could hurt US companies’ ability to compete globally by eliminating expertise on business and human rights. The State Department’s Business and Human Rights team, which was eliminated in the layoffs, helped […]
📰 News
American capitalism is being remade by state power
American capitalism is being remade by state power The Trump administration appears to be shifting towards state-directed capitalism, where the government plays a more active role in guiding industries and companies. The US is currently operating under a hybrid model of capitalism, blending free-market principles with elements of state capitalism, as seen in recent moves […]
🏛️ Politics
Tesla shuts down the team behind its Dojo supercomputer
Tesla shuts down the team behind its Dojo supercomputer Tesla has shut down its Dojo supercomputer team, led by Peter Bannon, marking a shift away from using in-house technology for AI model training. The company will now partner with Nvidia and AMD for compute and turn to Samsung for chip manufacturing, as announced by CEO […]
💻 Technology
Sony insists Xperia phones are ‘very important’ to it
Sony insists Xperia phones are ‘very important’ to it Sony’s Xperia phone brand has been plagued by problems this year, including issues with the latest model, the Xperia 1 VII. The brand’s importance to Sony was highlighted by CFO Lin Tao during a recent financial results presentation, calling it “a very important business” for the […]
💻 Technology
Paramount is now a Skydance Corporation
Paramount is now a Skydance Corporation Paramount Global has been rebranded as Skydance Corporation after being acquired by Skydance Media for $8 billion, with incoming chairman/CEO David Ellison overseeing a massive restructuring. The new company will be split into three distinct units: studios, direct-to-consumer, and TV media, aimed at boosting efficiency and driving performance gains […]
💻 Technology
Why Nintendo didn’t raise the price of the Switch 2 (yet)
Why Nintendo didn’t raise the price of the Switch 2 (yet) Nintendo has avoided raising the price of the Switch 2 despite other hardware increasing in cost. The company made these changes ahead of Trump administration tariffs set to go into effect in August. Nintendo’s strategy appears to be one of largely avoiding risk, rather […]
💻 Technology