Business

Coverage of acquisitions, investments, partnerships, IPOs, and corporate strategy.

OpenAI Proposes 5% Government Stake

OpenAI CEO Sam Altman has reportedly discussed giving the US government a 5% equity stake in the company. The proposal...

Ford Recalls Veteran Engineers After AI Quality Failures

Ford has rehired over 350 veteran engineers, internally dubbed "gray beards," to address persistent issues with its automated quality-control systems....

Visa, Mastercard, and Coinbase back new Open USD stablecoin

A consortium of over 140 companies, including Visa, Mastercard, and Coinbase, has launched Open Standard to introduce a new dollar-pegged...

Rocket Lab to Acquire Iridium for $8 Billion

Rocket Lab has entered a definitive agreement to acquire satellite communications provider Iridium in a cash and stock transaction valued...

Polestar to exit US market for new models

Polestar will stop selling new vehicle models in the US starting with the 2027 model year. The US Department of...

Apple Seeks Approval for Blacklisted Chip Supplier

Apple is lobbying the Trump administration for permission to purchase memory chips from ChangXin Memory Technologies (CXMT). The Chinese manufacturer...