OpenAI CEO Altman’s Reddit stake valued at $1.2 billion post-earnings
Sam Altman, CEO of OpenAI, currently holds a stake in Reddit valued at more than $1 billion following a post-market surge on...
Alphabet surpasses earnings expectations with AI-fueled growth
Google's parent company Alphabet’s recent earnings report underscored Google’s resilience amidst growing competition in AI and ongoing regulatory battles. Alphabet, Google's parent...
Once-dominant Intel races to reclaim market position
Intel Corporation, once a dominant force in the semiconductor industry, is experiencing a steady decline in its market share, losing ground to...
OpenAI builds first chip with Broadcom and TSMC, scales back foundry ambition
OpenAI is working with Broadcom and TSMC to build its first in-house chip designed to support its artificial intelligence systems, while adding AMD  chips alongside...
Netflix communications chief and global public policy VP to exit
Netflix is set to bid farewell to two top executives, Chief Communications Officer Rachel Whetstone and Global Public Policy VP Dean Garfield,...
Oil glut to push global commodity prices down to a five-year low in 2025: World Bank
Next year, the global oil supply is expected to exceed demand by an average of 1.2 million barrels per day, reportÂ
Saudi wealth fund prioritizes local economy, reduces foreign investments
Saudi Arabia's Public Investment Fund (PIF) announced plans to scale back its international investments by approximately one-third to refocus on domestic growth...
Apple set for biggest revenue jump in two years on iPhone demand in China
Apple is expected to report its biggest quarterly revenue jump in two years on Thursday, with iPhone demand faring better than recent...
Over 200,000 cancel Washington Post subscriptions after Bezos’ endorsement ban
Jeff Bezos’ decision to halt The Washington Post’s longstanding practice of endorsing presidential candidates has led to significant fallout, including over 200,000...
Indonesia considers importing 1 mln tons of rice from India next year, minister says
Indonesia is considering a plan to import 1 million metric tons of rice from India in 2025 to secure supply until its...
ADB issues its first biodiversity and nature bondÂ
$100 million bond was purchased by the Dai-ichi Life Insurance Company Limited of JapanÂ
TikTok parent company founder Zhang Yiming named China’s wealthiest
Zhang Yiming, founder of ByteDance, the parent company of TikTok, has soared to the top of the Hurun China Rich List, claiming...
Apple’s India-made iPhone exports surge to $6B, reducing China reliance
Apple Inc.’s iPhone exports from India surged 33% in the first six months of the fiscal year 2024, reaching nearly $6 billion....
Meta builds AI search engine to cut Google, Bing reliance, the Information reports
Meta Platforms is working on an artificial intelligence-based search engine as it looks to reduce dependence on Alphabet's  Google and Microsoft's  Bing, the Information reported...
Oil slides 5% after limited Israeli retaliatory attack on Iran
Brent futures down $4.13, or 5.43%, at $71.92 a barrel