FTC Demands Tech Titans’ Details on Generative AI Deals Amid Antitrust Concerns On Thursday, the U.S. Federal Trade Commission (FTC) announced that it had issued orders to OpenAI, Microsoft, Alphabet, Amazon, and Anthropic, requesting information on recent...
Autonomous vehicle technology firm Aurora Innovation announced on Wednesday that it has implemented a 3% workforce reduction as part of a reorganization effort. As of the end of 2022, Aurora had 1,700 employees, according to the company’s securities filings. The...
CFRA Research raised NVIDIA’s (NASDAQ:NVDA) price target to $700 from $600 on Tuesday, maintaining a Buy rating. Analysts affirmed their FY24 (January) EPS estimate at $12.29 but boosted FY25 to $20.58 from $17.85 and FY26 to $23.76 from $21.18. The higher...
United Airlines surpasses Q4 estimates but anticipates a wider loss in the current quarter, impacted by the recent grounding of Boeing’s 737 Max 9 jet. Chicago-based United (NASDAQ:UAL) experiences a premarket surge, influencing gains in American Airlines...
Goldman Sachs Boosts FundPark’s Credit Facility to $500 Million, Strengthening Support for SMEs in Cross-Border E-Commerce In a significant move, Goldman Sachs has expanded the credit facility of FundPark, a fintech specializing in financing for small and...
In a groundbreaking development, employees at the Wells Fargo branch in Atwater, California, have rejected the formation of a union, marking the first instance of resistance to the growing unionization movement within Wells Fargo, as reported by the Committee for...
