Business news

Business news • Jun 09

What Smart People Are Saying About OpenAI's IPO Filing

Financial analysts, CEOs, and researchers dissect how OpenAI is positioned as it enters a new phase of the AI race: preparing to go public.

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Business news • Jun 09

SpaceX aims to launch orbital AI computing tests by end of next year, sources say

SpaceX executives say the company is aiming ​to launch initial demonstrations of space-based artificial intelligence computing infrastructure by late 2027,...

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Business news • Jun 09

Anthropic releases ‘safe’ version of Claude Mythos AI model to public

AI company restricted access to Fable 5, its most powerful Mythos model, for months over cybersecurity concerns.

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Business news • Jun 09

GM to offer EV owners ability to sell power to US electricity grid

General Motors is releasing a software update that allows some U.S. electric-vehicle owners ​to pipe power back to the electric grid, another example ‌of...

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Business news • Jun 09

Wall Street dumped nearly $1 trillion in tech stocks by midday—then clawed it back and bought peanut butter and paint

A midday rout in the “Parabolic 7” chipmakers reversed by the close as money fled into the market's dullest corners.

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Business news • Jun 09

Remote Work Comes With a Little-Known Downside

Working from home may feel like a win—until you look at what it does to your head. A new study led by Federal Reserve Bank of New York economist Natalia...

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Business news • Jun 09

Kalshi rolls out whistleblower services, employment verification to curb insider trading

Kalshi said it will roll out measures such as a requirement for traders to provide employment details, as well as offering whistleblower services.

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Business news • Jun 09

As Salesforce begins layoffs, here's the standard severance package the company offers employees

As Salesforce begins another round of layoffs, the company's standard severance plan appears to offer employees a softer landing than many of its Big Tech...

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Business news • Jun 09

Super Micro Computer plans to raise $7 billion in equity offerings

June 9 (Reuters) - Super Micro Computer on Tuesday ‌said it plans ‌to raise $7 billion in a ​series of equity and equity-linked financing transactions as...

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Business news • Jun 09

New sunscreen ingredient wins FDA approval after years of delay

A sunscreen ingredient that's been available in Europe, Japan and South Korea for years has finally been approved by the FDA for sale in the U.S..

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Business news • Jun 09

GM Pivots to Energy Storage in Data-Center Push Echoing Ford

General Motors Co. is pushing into stationary electricity storage through a partnership with startup Peak Energy Technologies, tapping into both a growing...

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Business news • Jun 09

GM to Develop Sodium-Ion Battery Cells—for Energy Storage, Not EVs

A new prototype cell production lab will let GM develop cheaper cells faster, expanding its battery business to boost its future EVs and potentially lower...

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Business news • Jun 09

GM eyes new battery chemistry to grow AI data center, energy storage business

GM is expanding efforts to capitalize on the expected growth of energy storage and data centers and the development of next-generation sodium-ion batteries.

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Business news • Jun 09

Peak Energy and General Motors Partner to Scale Next-Generation Energy Storage Technology for the Grid

Partnership combines Peak Energy's market leading passively cooled energy storage platform with GM's battery expertise to scale next-generation sodium-ion...

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Business news • Jun 09

GM bets on homegrown battery tech to challenge Chinese dominance

General Motors is developing new battery technology using sodium ions to expand its energy storage business in the latest pivot by a US carmaker to...

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Business news • Jun 09

GM joins race to build batteries for AI data centers and the grid

GM is developing an entirely new sodium-ion battery chemistry for use in everything from data centers to its own factories.

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Business news • Jun 09

Musk’s xAI, SpaceX hit with class action over data center ‘nuisance’

Elon Musk's xAI and SpaceX have been sued by Mississippi residents who say a power plant ‌fueling nearby data centers is blasting “omnipresent and...

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Business news • Jun 09

F.D.A. Clears Sunscreen Ingredient Long Used in Europe and Asia

The Food and Drug Administration cleared a new ingredient for sunscreens on Tuesday, paving the way for American companies to begin using a compound that...

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Business news • Jun 09

AI Stocks Lead Tech Sector Slide. 'Summer Swoon Has Arrived.'

AI stocks led a tech sector retreat Tuesday after an early rally fizzled. The tech-heavy Nasdaq composite fell 1%, paring steeper losses from earlier in the...

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Business news • Jun 09

Social Security Benefits Could Be Cut in 6 Years Unless Congress Acts

The trust fund for the program, which supports roughly 68 million Americans, is on schedule to be depleted in the next six years. Benefits could be cut on...

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