OpenAI launches new series of AI models with ‘reasoning’ abilities
(Reuters) -Microsoft-backed OpenAI said on Thursday it was launching a series of AI models designed to spend more time processing…
Business
Moderna expects up to $3.5 billion in 2025 sales
By Patrick Wingrove (Reuters) – Moderna on Thursday said it expects sales of between $2.5 billion and $3.5 billion next…
Buffett’s insurance leader Ajit Jain sells large part of Berkshire stake
By Jonathan Stempel (Reuters) – Ajit Jain, the longtime top insurance executive at Warren Buffett’s Berkshire Hathaway, sold more than…
Nippon Steel makes last ditch effort to win U.S. nod on US Steel deal, source says
WASHINGTON (Reuters) – A top Nippon Steel executive plans to meet with senior U.S. officials on Wednesday to try and…
JPMorgan names David Bauer co-head of ECM Americas
(Reuters) – JPMorgan Chase has named David Bauer as its new co-head of equity capital markets in the Americas, according…
JPMorgan shares slide on more cautious outlook for interest income
By Nupur Anand and Pritam Biswas NEW YORK (Reuters) -JPMorgan Chase shares fell about 6% after the bank’s president on…
News Corp would lose $9 million by ditching Google ads, ex-exec testifies
By Jody Godoy ALEXANDRIA, Virginia (Reuters) – News Corp explored switching away from Google’s advertising tools in 2017 but estimated…
Siemens investing $60 million on high-speed train plant in upstate New York
ZURICH (Reuters) – Siemens is spending $60 million on a new U.S. factory to build high speed trains to whisk…
US SEC approves new audit quality benchmarks over Republican objections
(Reuters) – Wall Street’s top regulator on Monday gave the nod to new accounting standards set by a watchdog agency,…
Losses from crypto scams grew 45% in 2023, FBI says
By Hannah Lang (Reuters) – Losses from cryptocurrency-related frauds and scams increased 45% in 2023 from 2022, totaling more than…