Goldman Sachs appointed the former president of the Federal Reserve Bank of Dallas, Robert Kaplan, as its vice chairman on Tuesday. Kaplan’s new role at the David Solomon-led Wall Street behemoth adds an influential former policymaker and Goldman alum to its management
Nearly all of FTX’s former customers will get back almost 100% of the money they lost at the time of the cryptocurrency exchange’s collapse — if not more. Read more...
The Biden administration has increased its restrictions on sales of U.S. technology to Huawei Technologies as China’s leading technology firm draws more scrutiny. The move, first reported by The Financial Times on Tuesday, will curb some U.S. companies from selling chips to
This story is part of our new Chief Innovation Officer Forecast series with Gizmodo, a business report from the front lines of the future. Read more...
Every pharmaceutical company is constantly searching for its next blockbuster — the billion-dollar drug that dominates a market, brings in hordes of customers, and deposits hefty profits in drugmakers’ bank accounts. But with every blockbuster, too, comes its expiration date.
Amazon.com, on Tuesday unveiled the first of a dozen Volvo electric big rigs it plans to deploy this year to pick up cargo from the nation's busiest container seaport in Southern California.
A newly proposed bill in California could ban grocery stores and certain retailers from offering self-checkout options for customers in an effort to cut down on theft.
Spirit Airlines CEO Ted Christie spoke candidly about the airline industry, likening it to a rigged game and saying U.S. consumers are "the long-term losers."
Reddit, the cheeky social media platform that serves as a bridge for thousands of forums , is having a better-than-expected inaugural earnings debut as a public company. Read more...
Last month, on a very odd investor call , Elon Musk declared that Tesla was no longer a car company. It’s a robotics company now, an AI company , and the cars are just means to that end. So how’s the whole robotics thing going? Well, according to a new video from the Optimus
Microsoft deployed a generative AI model on Thursday for U.S. intelligence agencies to analyze top-secret information, Bloomberg reports . Microsoft announced the AI offering at the 2024 SCSP AI Expo for National Competitiveness in Washington, D.C. on Tuesday. The GPT-4-based
The fuselage supplier behind the door plug blowout that plunged Boeing into months of chaos and slowdowns is, like Boeing, struggling to deal with the fallout from the incident. Read more...
Light famously cannot escape the event horizon of a black hole, leaving astrophysicists to theorize and speculate what it’s like beyond the limits of human perception. Now, NASA researchers take that theorization a step further, in the form of an animation that takes you (the
The mysterious AI chatbot, “gpt2-chatbot,” returned to the major large language model benchmarking site, LMSYS Org, on Monday night roughly a week after it abruptly disappeared . But now, there are two: “im-a-good-gpt2-chatbot” and “im-also-a-good-gpt2-chatbot.” These models
Hyundai Motor Co. and Aptiv’s joint self-driving car joint venture is pausing its operations, delaying commercialization plans, and laying off employees, according to the startup’s CEO. Read more...
The Swiss Army Knife has become such a shorthand for multifunctionality that companies producing does-a-lot-of-stuff wares will often say that their goods are the “Swiss Army Knife” of whatever category they’re a part of. You can use the tool to cut stuff, snip stuff, uncork