Sam Altman didn't take any equity in OpenAI, report says
OpenAI co-founder and CEO Sam Altman didn't take an equity stake in the company when it added the for-profit OpenAI LP entity in 2019, according to Semafor.
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Ford plans to build 500,000 EVs annually at its $5.6 billion Tennessee campus
The first and only product to be announced thus far for the plant is a next-generation electric truck, which Ford has codenamed "T3," short for "TrustTheTruck."
Can Costco maintain its edge over Sam’s Club?
Sam's Club is betting that investments in robotics and technology can help it better engage with budget-conscious shoppers and take on its competitors.
TikTok CEO got grilled by lawmakers from both parties on whether the Chinese-owned app can protect American privacy
Shou Zi Chew's testimony did not seem to quell many concerns that lawmakers had about its connections to China or the adequacy of its risk mitigation plan.
TikTok CEO says China-based ByteDance employees still have access to some U.S. data
TikTok CEO Shou Zi Chew told U.S. lawmakers that China-based employees at its parent company ByteDance may still have access to some U.S. data from the app.
N.J. deli stock fraud defendant behind bars as feds reveal he renounced U.S. citizenship
Three men, including Peter Coker Jr. and his dad, are accused of pumping up the stock price of a New Jersey deli-owning company once valued at $100 million.
Biden's approval slips to 38%, near the lowest of his presidency, new poll says
President Joe Biden's approval rating in a new poll fell to 38%, just two points above his all-time low in office.
Sanofi, Regeneron shares pop more than 6% after data shows asthma drug Dupixent may also treat COPD
Sanofi and Regeneron unveiled data on their jointly developed drug for a difficult-to-treat chronic lung disorder that analysts say "exceeded expectations."
'Blanket insurance' of bank deposits is not being discussed, Yellen tells senators
Treasury Secretary Janet Yellen has not discussed or considered any plans to guarantee all bank deposits following the Silicon Valley Bank collapse, she said.
Starbucks shareholders to vote on proposals for labor probe, succession planning
New Starbucks CEO Laxman Narasimhan will lead the company's shareholder meeting just days after his transition to the role.
Nevada approves $333 million natural gas plant as historic drought pressures state's power grid
The natural gas-fired turbines are designed to address peak electricity demand during hot summer months and prolonged wildfire seasons.
Judge cites Trump's past verbal attacks in using anonymous jury for rape defamation case
Donald Trump is being sued for allegedly raping and defaming the writer E. Jean Carroll, who says he attacked her in a New York department store.
Watch live: TikTok CEO testifies before House committee as potential U.S. ban looms
TikTok CEO Shou Zi Chew will testify before the House Energy and Commerce Committee this morning as his company fights to stave off a potential ban in the U.S.
Olive Garden parent raises revenue outlook as same-store sales jump
Darden's same-store sales grew 11.7% across all of its brands, which include chains like Olive Garden, LongHorn Steakhouse and The Capital Grille.
FAA launches new plan to avoid flight delays in NYC, DC this summer
The government controls the number of takeoffs and landings at some of the country's most congested airports.
Starbucks CEO says he'll work a shift at the company's cafes once a month
New Starbucks CEO Laxman Narasimhan plans to work a shift once a month at the company's cafes.
Ford's EV business lost $2 billion in 2022, offset by big profits in fleet and legacy units
The financials are the first detailed look at EV profitability as Ford unveils a new financial reporting structure.
Relativity's first 3D-printed rocket launches successfully but fails to reach orbit
Relativity Space, a 3D-printing specialist, launched the inaugural flight of its Terran 1 rocket late on Wednesday night.
Cruise robotaxis blocked a road in San Francisco after a storm downed trees and wires
A witness told CNBC the driverless Cruise vehicles did not appear to detect and avoid the caution tape and bus wires, and instead became "tangled in them."
Fed hikes rates by a quarter percentage point, indicates increases are near an end
The Federal Reserve on Wednesday released its decision on interest rates following a two-day meeting.
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