(Reuters) -Sam Altman-led OpenAI on Tuesday announced a multi-year partnership with Condé Nast to display content from its brands such as the Vogue and the New Yorker within the AI startup’s products, including ChatGPT and SearchGPT prototype. The Microsoft-backed firm has signed similar deals with the Time magazine, Financial Times, Business Insider-owner Axel Springer, France’s…
(Reuters) – Energix Renewables said on Tuesday it has signed a long term agreement with Alphabet’s Google to supply electricity and renewable energy credits generated from its solar projects to the tech giant. To power their rapidly expanding AI data centers, major technology firms like Google are increasingly negotiating electricity supply agreements with energy providers….
By Rishav Chatterjee (Reuters) -Australia’s Lendlease on Monday reported a wider annual loss as the real estate developer grappled with the impact of an operational strategy shift and delays in reviewing the sale of community projects. Lendlease, the country’s largest property developer, builder and real estate investor, is looking to retreat from its overseas construction…
By Max A. Cherney (Reuters) -AMD on Monday said it plans to acquire server maker ZT Systems for $4.9 billion as the company seeks to expand its portfolio of artificial intelligence chips and hardware and battle Nvidia. AMD plans to pay for 75% of the ZT Systems acquisition with cash and the remainder in stock….
By Jody Godoy WASHINGTON (Reuters) -The U.S. Federal Trade Commission sued Asbury Automotive Group on Friday, alleging that three of its dealerships in Texas charged Black and Latino customers higher prices than others, and routinely added services to customers’ contracts without their consent. Up to 75 percent of customers of David McDavid Ford dealership in…
FRANKFURT (Reuters) – German battery maker Varta said on Saturday it had reached a restructuring agreement with its creditors, bringing on sports car manufacturer Porsche to save the ailing business. Varta’s debt will be reduced from 485 million euros ($534.86 million) to an initial 200 million euros, the company said. Lengthy negotiations between major shareholder…
SAO PAULO (Reuters) – Media platform X said on Saturday it would close its operations in Brazil “effective immediately” due to what it called “censorship orders” from Brazilian judge Alexandre de Moraes. X claims Moraes secretly threatened one of its legal representatives in Brazil with arrest if it did not comply with legal orders to…
By Waylon Cunningham (Reuters) – Flynn Group, which says it is the world’s biggest franchise operator, bought 83 Wendy’s franchises in New Jersey and Pennsylvania, bringing its total to 277. The deal closed on Wednesday, according to Greg Flynn, the company’s CEO. Terms of the deal and the identity of the seller were not disclosed….
(Reuters) – Bank of America is partnering with FIFA to become a sponsor for the 2026 World Cup, soccer’s global governing body said on Thursday, in a move that will link the financial giant with one of the world’s most-watched sporting events. Sponsoring sport can be a fruitful marketing tactic for companies as it allows…
(Reuters) – Fast-food chain Shake Shack and Serve Robotics are partnering to use autonomous sidewalk robots to deliver orders placed on Uber Eats, the companies said on Wednesday. The partnership will cover select Shake Shack restaurants in Los Angeles, the companies added. WHY IT’S IMPORTANT Uber’s food delivery arm has been offering Serve’s autonomous deliveries…
