OpenAI, the AI research institution behind the hit ChatGPT, has closed a record $40 billion funding round, making it one of the best-capitalized private technology […]
Category: Business
Hooters Files for Bankruptcy
Hooters, the legendary restaurant chain famous for its relaxed dining idea and unique uniforms, has filed for bankruptcy. The unexpected development was made public in […]
OpenAI Announces Massive $40 Billion SoftBank Investment
OpenAI, the pioneering company in artificial intelligence (AI) research and deployment, announced a record-breaking $40 billion funding round co-led by SoftBank today. The move is […]
Rocket CEO Discusses $11 Billion Acquisition Spree and Impact of Trump Tariffs on Housing
Rocket CEO Jay Farner recently spoke of the company’s aggressive $11 billion buying bender and former President Donald Trump’s tariffs, which have touched housing. At […]
Eli Lilly’s Lepodisiran Shows Promise in Reducing Genetic Heart Disease Risk
Turning to the middle stage of clinical testing, Eli Lilly has an experimental drug known as lepodisiran, which has been known to show a remarkable […]
Powerball Player in Washington State Wins $50,000 Prize
A Powerball ticket purchased in Washington State has turned into a small fortune for one fortunate player, who won a $50,000 prize in the most […]
Nvidia-Backed CoreWeave’s IPO Priced Below Expectations at $40 Per Share
CoreWeave, a cloud computing firm that offers artificial intelligence (AI) services, priced its initial public offering (IPO) at $40 per share, below the expected $47 […]
Lululemon Reports Decline in U.S. Store Traffic Amid Economic Concerns
As the economic fears occupy customers’ minds, spending behavior has been tightening, and the a steady downward trend in traffic in U.S. stores selling fashion-based […]
Dollar Tree Sells Family Dollar Business for $1 Billion
Dollar Tree announced it has sold its Family Dollar business to private equity companies Brigade Capital Management and Macellum Capital Management for about $1 billion. […]
U.S. Robotics Companies Advocate for National Strategy to Compete with China
American robotics companies, such as market leaders Tesla, Boston Dynamics, and Agility Robotics, are calling on the U.S. government to create a detailed national strategy […]