Financial News

Microsoft announced a new multiyear, multibillion-dollar investment with the artificial intelligence lab OpenAI, according to a release Monday.

Employees have rallied to find out who’s been laid off while demanding answers from leadership.

Federal prosecutors seized nearly $700 million in cash and assets connected to Sam Bankman-Fried, primarily in the form of Robinhood shares.

Sundar Pichai, Google’s CEO, said in an email sent to the company’s staff Friday that the firm will lay off 12,000 employees.

Hastings co-founded Netflix in 1997. Ted Sarandos was promoted to co-CEO alongside Hastings in July 2020.

The tech giants went on a hiring spree over the last few years, with one exception.

The former U.S. secretary of state also told the World Economic Forum that the West should continue to engage in talks with Russia.

After China’s reopening and a deluge of positive data surprises, economists are upgrading their previously gloomy outlooks for the global economy.

Some climate activists were aghast when the UAE named the CEO of the Abu Dhabi National Oil Company (ADNOC) as president of this year’s COP 28. 

The CEO’s statement mirrors the earnings report for JPMorgan Chase, whose economic outlook calls for “a mild recession in the central case.”