By Max A. Cherney and Arsheeya Bajwa SAN FRANCISCO (Reuters) -AMD will supply artificial intelligence chips to OpenAI in a multi-year deal that would bring in tens of billions of dollars in annual revenue and give the ChatGPT creator the option to buy up to roughly 10% of the chipmaker. Shares of the chipmaker surged …
AMD signs AI chip-supply deal with OpenAI, shares surge over 34% Read More »
By David Shepardson and Akash Sriram (Reuters) -Verizon Communications on Monday named former PayPal boss Dan Schulman as its new chief executive officer, replacing Hans Vestberg in a leadership transition aimed at steering the telecom giant through slowing growth in the wireless market. The move comes as Verizon is battling rising competition against the backdrop …
Verizon names former PayPal boss Dan Schulman as CEO Read More »
Shares of Heidrick & Struggles International surged 20% on Monday, after the executive search firm agreed to be taken private in a deal by a consortium of investors, including Advent International and Corvex Private Equity. The stock, which hit its highest level in more than 24 years, is set for its biggest one-day percentage gain …
Heidrick & Struggles soars after $1.3 billion go-private deal Read More »
(Reuters) -Chart Industries said on Monday that its shareholders voted to approve the company’s acquisition by Baker Hughes. In July, Baker Hughes said it would buy Chart Industries in a $13.6 billion all-cash deal, including debt, topping a previously agreed merger offer that Chart struck with rival Flowserve. Chart said shareholders will receive $210.00 in …
Chart Industries backs sale to Baker Hughes for $13.6 billion Read More »
(Reuters) -FedEx said on Monday it has appointed former company executive Marshall Witt as the finance chief of its freight trucking unit, effective October 15, completing the leadership team for the division that is set to spin off in June 2026. The parcel carrier had announced the appointment of veteran executive John Smith as CEO …
(Reuters) -Algen Biotechnologies said on Monday it had agreed to grant AstraZeneca a license to develop therapies the U.S.-based biotech discover using its AI-driven gene-editing platform, in a deal worth up to $555 million. AstraZeneca will get exclusive rights to develop and sell approved therapies, if any, that target immune system-related disorders in exchange for …
AstraZeneca signs up to $555 million AI deal with Algen to develop therapies Read More »
By Dawn Chmielewski LOS ANGELES (Reuters) -When Bari Weiss walks into CBS News as editor-in-chief, she’ll bring something the former home of Edward R. Murrow and Walter Cronkite has not seen in its nearly century-long history: a leader whose career has been built on challenging journalism’s most august institutions. The 41-year-old journalist’s ascent from opinion …
Who is Bari Weiss, the iconoclastic new head of CBS News? Read More »
WASHINGTON (Reuters) -Frank Bisignano will serve as chief executive officer of the Internal Revenue Service, U.S. Treasury Secretary Scott Bessent announced on Monday. Bisignano will oversee daily IRS operations while continuing in his role as commissioner of the Social Security Administration, the Treasury Department said in a statement. “Frank is a businessman with an exceptional …
(Reuters) -U.S. Treasury Secretary Scott Bessent will remain in his role as commissioner of the Internal Revenue Service, CNBC reported on Monday citing sources. Bessent is expected to announce that Frank Bisignano will serve in the newly created position of CEO at the IRS, CNBC said. (Reporting by Disha Mishra in Bengaluru; Editing by Emelia …
US Treasury’s Bessent to remain as IRS commissioner, CNBC reports Read More »
(Reuters) -As the rush towards AI-related companies continues on Wall Street, data from Crunchbase showed on Monday that the sector enjoyed a bulk of venture funding in the third quarter, with names including Anthropic raking in billions. BY THE NUMBERS Global venture funding in the third quarter increased 38% year-over-year to $97 billion, increasing slightly …
AI venture funding continued to surge in third quarter, data shows Read More »
