Global World Business Archives - Page 4 of 4

OpenAI’s Sam Altman Seeks Approval from the US to Raise Billions for AI Chips

Global World Business / worldfreedomfighter

February 16, 2024 at 1:02 PM GMT Updated on February 16, 2024 at 4:20 PM GMT Sam Altman, CEO of OpenAI, is actively pursuing US government approval for a significant venture aimed at bolstering global artificial intelligence chip manufacturing. This endeavor, however, presents potential challenges surrounding national security and antitrust issues in Washington, as indicated […]

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Masayoshi Son Aims to Establish a $100 Billion AI Chip Venture

Global World Business / Global World Citizen

February 16, 2024 at 7:27 PM GMT SoftBank Group Corp. founder Masayoshi Son is aiming to secure up to $100 billion to back a chip venture aimed at rivaling Nvidia Corp. and supplying semiconductors crucial for AI, according to individuals familiar with the matter. Dubbed Izanagi, the initiative represents the billionaire’s next significant endeavor

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Lyft Stock Skyrockets by 60% Following Typographical Error in Earnings Report

Global World Business / Global World Citizen

Lyft Stock Initially Soars 66% on Earnings Typo, Corrected Increase Now at 16% Above Closing Price Lyft witnessed a significant surge in its shares, spiking up to 66% in after-hours trading on Tuesday, driven by a typo in its latest earnings report that suggested a substantial increase in one measure of the company’s profitability for

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Disney Stock Surges 8% Following Upward Revision of Guidance and Positive Updates on Cost-Cutting Measures

Global World Business / Global World Citizen

Disney Stock Surges 8% After Earnings Report, Raised Guidance, and Cost-Cutting Progress Disney witnessed a significant surge of up to 8% in after-hours trading on Wednesday, propelled by an upbeat earnings report that included an upward revision of guidance and promising updates on the company’s cost-cutting initiatives. Key Points: Disney’s anticipated earnings per share for

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Exploring a Exclusive Jet Club Amidst Unforeseen Challenges

Global World Business / Global World Citizen

After two decades in aviation, including service in the US Air Force flying AC-130 gunships and UH-1N Hueys, Daniel Marchick joined AeroVanti, a private jet startup in Sarasota, Florida. Transitioning from piloting to a desk job, Marchick was tasked with coordinating plane schedules—a role crucial in the intricate ballet of aviation operations. The industry demands

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Exploring the A.I. Arms Race That Forever Transformed Silicon Valley

Global World Business / Global World Citizen

Amidst the hustle of Silicon Valley, Google’s top lawyer, Kent Walker, disrupted the routine of his team on a fateful Friday before Christmas. Summoning four employees to SL1001, they faced an urgent task: preparing for an executive meeting to discuss Google’s product safety, a meeting whose agenda had suddenly shifted due to the urgency of

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Boeing Faces New Challenge: Aerospace Workers Demand 40% Pay Increase

Global World Business / Global World Citizen

Boeing Faces Labor Rift as Workers Seek 40% Pay Raise In the wake of recent manufacturing mishaps and a near-disaster involving a 737 Max aircraft, Boeing Co. confronts a brewing labor dispute that has been brewing for a decade. The International Association of Machinists and Aerospace Workers, Boeing’s largest union, remains discontented over a

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Boeing Encounters Additional Misdrilled Holes on 737, Marking Latest Setback

Global World Business / Global World Citizen

Boeing Co. has encountered additional errors related to holes drilled in the fuselage of its 737 Max aircraft, posing a setback that could further impede deliveries in a program already under regulatory scrutiny due to quality issues. The recent manufacturing flaw, originating from a supplier, necessitates rework on approximately 50 undelivered 737 jets to rectify

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Global World Business

OpenAI’s Sam Altman Seeks Approval from the US to Raise Billions for AI Chips

Masayoshi Son Aims to Establish a $100 Billion AI Chip Venture

Lyft Stock Skyrockets by 60% Following Typographical Error in Earnings Report

Disney Stock Surges 8% Following Upward Revision of Guidance and Positive Updates on Cost-Cutting Measures

Exploring a Exclusive Jet Club Amidst Unforeseen Challenges

Exploring the A.I. Arms Race That Forever Transformed Silicon Valley

Boeing Faces New Challenge: Aerospace Workers Demand 40% Pay Increase

Boeing Encounters Additional Misdrilled Holes on 737, Marking Latest Setback

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