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OpenAI releases ChatGPT-5 as AI race accelerates

ChatGPT AI SAN FRANCISCO, California — OpenAI released a keenly awaited new generation of its hallmark ChatGPT on Thursday, touting “significant” advancements in artificial intelligence capabilities as a global race over the technology accelerates. ChatGPT-5 is rolling out free to all users of the AI tool, which is used by …

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Insurer AIG posts higher Q2 profit

Photo Credit: insurancebusinessmag.com INSURER American International Group reported a higher second-quarter (Q2) profit on Wednesday, powered by strong underwriting gains and higher returns on investments. Insurers like AIG and Travelers Cos are benefiting as businesses and individuals have maintained spending on insurance against the backdrop of economic uncertainty. “We continued …

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OpenAI aiming for $500-B valuation

Photo Credit: YouTube CHATGPT maker OpenAI is in early-stage discussions about a stock sale that would allow employees to cash out and could value the company at about $500 billion, a source familiar with the matter said. That would represent an eye-popping bump-up from its current valuation of $300 billion, …

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Cathay Pacific orders 14 more 777X jets

HONG KONG — Hong Kong’s Cathay Pacific said on Wednesday it would place an $8.1-billion order for 14 Boeing jets, its first with the US aircraft maker for more than a decade. BOLSTER FLEET This picture taken on Sept. 3, 2024, shows baggage being loaded onto a Cathay Pacific Boeing …

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Novo Nordisk posts strong Q2 results 

In 2023, Novo Nordisk announced that its ambition was to grow its rare disease segment at the same pace as the group as a whole, where medicines for the treatment of diabetes and obesity dominate. | Photo: Tom Ittle  COPENHAGEN — Danish pharmaceutical giant Novo Nordisk posted a sharp rise …

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Philippine economy grows 5.5% in Q2 2025

The Philippine economy grew by 5.5 percent in the second quarter of 2025, continuing to demonstrate resilience and stability despite ongoing global challenges.Department of Economy, Planning, and Development (DEPDev)  Secretary Arsenio Balisacan noted that the performance positions the Philippines among the fastest-growing economies in emerging Asia. The 5.5 percent growth …

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Trump says pharma, chips tariffs incoming as trade war widens

US President Donald Trump signaled Tuesday that fresh tariffs on imported pharmaceuticals and semiconductors could be unveiled within the coming week (Photo by Brendan Smialowski/(AFP) WASHINGTON, D.C. — US President Donald Trump signaled Tuesday that fresh tariffs on imported pharmaceuticals and semiconductors could be unveiled within the coming week, as …

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Siargao Airport Terminal expansion to begin Friday

Siargao Airport based on artist’s perspective Construction of an expanded passenger terminal building at Siargao Airport is set to begin Friday, following an order from President Ferdinand Marcos Jr. to improve travel and ensure comfort and safety for tourists, according to the Department of Transportation (DOTr). DOTr Secretary Vince Dizon …

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Globe seeks cooperation of LGUs, homeowners in repairs

“These efforts will bolster network reliability and ensure uninterrupted mobile and broadband services for residents and customers,” Globe said in a statement yesterday, referring to expansion, restoration and maintenance efforts. (BusinessWorld / File)  MANILA, Philippines — Globe Telecommunications has appealed to local government units (LGUs) and homeowners’ associations to cooperate …

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