CNBC has confirmed that OpenAI expects about $5 billion in losses on $3.7 billion in revenue this year — figures…
Category: News – CNBC
EchoStar nears deal to sell Dish to DirecTV with $2 billion debt payment looming, sources say
While EchoStar and DirecTV hope to complete a deal by Monday, no deal is assured, and the talks may still…
The U.S. wants to triple nuclear power by 2050. America’s coal communities could provide a pathway
The U.S. needs to add 200 gigawatts of nuclear power, a senior official at the Department of Energy said. ...
Sam Altman tells OpenAI staff there’s no plan for him to receive ‘giant equity stake’ in company
At an all-hands meeting Thursday, OpenAI CEO Sam Altman denied reports that he received a "giant equity stake" in the…
NYC Mayor Eric Adams indicted on federal charges in campaign finance case
There are multiple federal investigations into New York City Mayor Eric Adams, members of his administration, and people connected to…
OpenAI considering restructuring to for-profit, CTO Mira Murati and two top research execs depart
OpenAI's board is considering plans to restructure the firm to a for-profit business. CTO Mira Murati and two top research…
China likely needs more than rate cuts to boost economic growth
More fiscal support is needed, analysts said, after the PBOC surprised markets by announcing plans to cut a number of…
FTX fraudster Caroline Ellison sentenced to 2 years in prison, ordered to forfeit $11 billion
Caroline Ellison, who headed a hedge fund affiliated with doomed crypto exchange FTX, testified against her former boyfriend Sam Bankman-Fried…
Boeing sweetens labor proposal in ‘best and final’ offer as strike enters second week
The new offer includes higher pay raises, reinstated annual bonuses and an increased ratification bonus, among other changes, Boeing said…
China’s youth unemployment hits fresh high amid economic slowdown and restrictive hiring policies
The jobless rate for people in China ages 16 to 24, and not in school, rose to 18.8% last month.…
India rules out joining world’s largest trade deal, accuses China of ‘very opaque’ trade practices
The RCEP is the world's largest free trade agreement by GDP of its members. ...
Intel’s wild week leaves Wall Street more uncertain than ever about chipmaker’s future
Intel still makes the majority of processors at the heart of PCs, laptops, and servers, but that's not enough to…