Business
Showing 12 of 126 articles · Page 1 of 11
OpenAI Appoints David Vélez, Nubank CEO, to Board of Directors
OpenAI names David Vélez, Nubank CEO, to board. Robin Vince from BNY Mellon also joins as director.
SpaceX Breaks Record with Highest Short-Sale Position for Recently Listed Company
SpaceX sets record with 28% short-sale position as newly listed company, signaling market skepticism over its $50x revenue valuation.
Stripe and Advent Make $53 Billion Offer to Acquire PayPal
Stripe and Advent offer $53 billion for PayPal acquisition, combining major payment platforms processing $3.7 trillion yearly.
Brazilian Banks to Invest R$50 Billion in Tech by 2026
Brazilian banks plan a R$50 billion ICT investment by 2026, prioritizing cybersecurity and cloud computing to support Pix and digital banking growth.
Nubank Prioritizes AI Skills Over Workforce Reductions
Nubank maintains hiring levels while prioritizing candidates with AI experience, viewing the technology as an employee multiplier rather than a replacement.
Ford Rehired Veteran Engineers to Fix AI Quality Control Gaps
Ford rehired 350 veteran engineers to fix and manage AI quality control systems, leading to higher JD Power reliability rankings than Toyota and Honda.
Jeff Bezos Says AI Will Create Labor Shortages Not Unemployment
Jeff Bezos argues that AI will cause labor shortages rather than mass unemployment, as technology unlocks an infinite amount of new human tasks.
Meta Restricts Employee AI Usage to Slash Operational Costs
Meta launches AI Gateway to monitor employee AI token usage and curb rising compute costs with automatic alerts and individual limits.
Elon Musk Becomes World's First Trillionaire Following SpaceX IPO
Elon Musk is now the world's first trillionaire after a historic SpaceX IPO pushed the company's market value over $2 trillion.
Nubank Clarifies Accidental Bankruptcy Notification Caused by Developer Error
Nubank explains how a developer's Pull Request triggered a false bankruptcy alert. No security breach occurred, and services remain fully operational.
GoPro Faces Potential Bankruptcy as AI Boom Drives Up Memory Costs
GoPro warns of potential bankruptcy or sale as AI data center demand drives up the price of essential memory components for its action cameras.
Alphabet Targets $80 Billion for Massive AI Infrastructure Push
Alphabet plans to raise $80 billion via stock sales to expand its AI infrastructure, with total 2024 capital expenditures reaching up to $190 billion.