Barry Diller’s People Inc. submitted a non-binding proposal to MGM Resorts International’s board on June 1 to acquire the roughly 74% of the company it doesn’t already own, in a… Read More
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Nobel Laureate John Jumper to Leave Google DeepMind for Anthropic
Senior research scientist John Jumper said Friday he would leave Google DeepMind to join Anthropic, the latest high-profile departure from the tech giant’s AI research division. Jumper, who shared the… Read More
Snap Spins Off Gen-AI Video Team to Form Dotmo, a New Independent Firm
Social-media company sheds in-house AI video unit as it looks to rein in the rising costs of developing generative-AI models and immersive gaming products Snap Inc. is carving out its… Read More
SpaceX Makes History With Record-Breaking $75 Billion IPO
Elon Musk’s SpaceX priced its initial public offering Thursday, raising $75 billion and cementing the rocket maker’s place among the world’s most valuable companies in what stands as the largest… Read More
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TGI Fridays CEO says ending the tipped minimum wage would result in higher prices, fewer hours for waitstaff
TGI Fridays CEO Ray Blanchette said that President Joe Biden’s proposal to eliminate the tipped minimum wage would likely result in fewer hours for the chain’s waitstaff and higher menu… Read More
Warren Buffett’s right-hand man flags a ‘speculative frenzy’ in the stock market and bemoans the lack of bargains in a new shareholder letter
Warren Buffett’s right-hand man flagged a “speculative frenzy” in the stock market and signaled that he doesn’t expect share prices to climb much higher. Charlie Munger, the vice chairman of… Read More
Inside a massive transformation at powerhouse Wall Street bank Goldman Sachs
Goldman Sachs has been going through some massive changes under CEO David Solomon. It’s taken big steps involving transparency and inclusion to change up its culture. After its first-ever investor… Read More
Cattle Methane Emissions Reduced by New Feed
A 2-year large-scale trial in beef cattle in Alberta, Canada has successfully demonstrated that a novel feed ingredient, developed by Royal DSM, can be included in commercial feedlot diets to… Read More