Business

NVIDIA is close to finalizing a $30-billion investment in OpenAI, as the chipmaker moves to take a stake in one of its largest customers, a person familiar with the matter said. The investment is part of a fundraising round in which OpenAI is seeking more than $100 billion, the person …

Most employees have been told they would receive about 10 per cent less equity this year (Reuters)  META reduced its annual distribution of stock options by about 5 percent for most of its staff, as CEO Mark Zuckerberg ploughs billions of dollars into its artificial intelligence goals, the Financial Times …

WASHINGTON, D.C. — Three Vietnamese airlines announced nearly $37 billion in purchases on Wednesday, in a series of contracts signed with US aerospace companies. The agreements come as Hanoi and Washington continue trade negotiations on US tariffs on Vietnamese products, currently set at 20 percent. The Southeast Asian nation posted eight …

Hershey acknowledged some changes to Reese’s product line, to meet demand for innovation The grandson of the inventor of Reese’s Peanut Butter Cups has lashed out at The Hershey Co., accusing the candy company of hurting the Reese’s brand by shifting to cheaper ingredients in many products. (Gene J. Puskar/The …

PROMINENT computer scientist Fei-Fei Li’s World Labs raised $1 billion in a funding round as the startup accelerates its efforts to advance “spatial intelligence.” The startup said on Wednesday the investors included chip companies AMD, Nvidia, software firm Autodesk, Emerson Collective, Fidelity Management & Research Company and Sea, among others. …

Masimo headquarters on Dec. 27, 2023, in Irvine, California. The company, known for its pulse oximetry technology, has agreed to be acquired by Danaher (Getty Images)  ANAHER, a $150-billion United States company that makes tools used in developing and testing medicines, on Tuesday agreed to buy Masimo for $9.9 billion, …

Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 4, 2024 (CNBC)  BERKSHIRE Hathaway disclosed on Tuesday a new investment in the New York Times, marking its reentry into a sector that Warren Buffett abandoned in 2020 when he sold his conglomerate’s newspaper business. …

Verdict could erode Big Tech’s long-standing legal defence against claims of user harm Meta CEO Mark Zuckerberg is set to testify in a U.S. court on Wednesday about Instagram’s effect on the mental health of young users, as a landmark trial over youth social media addiction continues. (Nic Coury/The Associated Press)  …

The El Palito refinery in Puerto Cabello was an icon of Venezuela’s oil boom around 40 years ago – Copyright AFP Yasuyoshi CHIBA  TOKYO — Oil prices were in focus Tuesday as US President Donald Trump ramped up threats towards Iran, shaking up markets subdued by holidays in Asia and …

Economists were expecting rate to remain unchanged from December A person holds a gas pump nozzle at a Vancouver gas station. Gas prices put downward pressure on the headline inflation rate in January, according to Statistics Canada. (Ben Nelms/CBC)  Canada’s annual inflation rate edged down to 2.3 per cent in January, …