Business
Showing 12 of 129 articles · Page 1 of 11
Apple's New CEO Faces AI Race, Supply Chain Pressure, and Leadership Turnover
John Ternus becomes Apple's new CEO after 15 years of Tim Cook's leadership, facing AI competition and supply chain challenges.
Ferrari's First Electric Car Exceeds Annual Sales Target in Just Two Months
Ferrari's Luce electric car exceeds annual sales target in two months despite negative reception to its design by Jony Ive and Marc Newson.
X Launches X Money Payment Platform in the US With Digital Wallet and Visa Card
X Money launches in the US with digital wallet, personalized Visa card, Apple Wallet support, and up to 6% annual yield.
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.