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Category: business
OpenAI plans to become a for-profit business — here’s what that means for the AI company
OpenAI, the artificial intelligence research lab founded in 2015, has recently announced its plans to become a for-profit business. This move marks a significant shift in the company’s structure and raises questions about the implications for the future of AI research and development. For the past six years, OpenAI has operated as a non-profit organization,… Continue reading OpenAI plans to become a for-profit business — here’s what that means for the AI company
Microsoft is laying off 650 more Xbox staff members, Phil Spencer says the decision was made “to organize our business for long term success”
Microsoft is making headlines once again as it recently announced a further round of layoffs within its Xbox division. The tech giant is reportedly cutting 650 jobs, a move that has attracted considerable attention and raised questions about the company’s future strategy. Phil Spencer, the head of Xbox, stated that these layoffs were necessary in… Continue reading Microsoft is laying off 650 more Xbox staff members, Phil Spencer says the decision was made “to organize our business for long term success”
The Sensations of Slime Are Serious Business
Slime has been an absolute sensation in recent years, captivating the hearts of children and adults alike. From the satisfying squishiness to the intriguing textures and vibrant colors, slime has secured its place as a serious business. This seemingly innocent plaything has evolved into a multimillion-dollar industry, captivating the senses and proving that even the… Continue reading The Sensations of Slime Are Serious Business
Pooping on the Moon Is a Messy Business
Pooping on the Moon Is a Messy Business As humans venture into space exploration and set their sights on reaching distant celestial bodies, such as the Moon, they inevitably encounter a multitude of challenges unique to these extraterrestrial environments. While much attention has been focused on practical issues like food, water, and shelter, there is… Continue reading Pooping on the Moon Is a Messy Business
How to Spot a Business Email Compromise Scam
How to Spot a Business Email Compromise Scam In today’s interconnected world, email has become an indispensable form of communication for businesses. However, with the rise in cybercrime, it has also become a lucrative channel for scammers looking to exploit unsuspecting victims. One such scam that has gained prominence in recent years is known as… Continue reading How to Spot a Business Email Compromise Scam
The battery business is booming and Zeekr kicks off it IPO roadshow
The battery business is booming, and one of the brightest stars in the growing industry is Zeekr, a rapidly expanding electric vehicle (EV) battery maker. The company has just kicked off its initial public offering (IPO) roadshow, an important milestone in its journey to becoming a publicly traded company. Zeekr is part of the growing… Continue reading The battery business is booming and Zeekr kicks off it IPO roadshow
Twiga lays off 33% of its staff, disbands in-house delivery and introduces logistics marketplace
Twiga Technologies, one of the fastest-growing startup companies in Africa, recently announced that it is making changes to its business model in order to stay competitive. The company, which focuses on providing digital sharing and delivery services across Africa, has laid off 33% of its staff and is … transitioning to an external logistics marketplace.… Continue reading Twiga lays off 33% of its staff, disbands in-house delivery and introduces logistics marketplace
Chicken Soup for the Soul Entertainment cuts costs a year after buying Redbox
In September of last year, Chicken Soup for the Soul Entertainment (CSS Entertainment) acquired the popular movie-rental chain Redbox for $158 million. Only a year later, CSS Entertainment has made significant cost-cutting moves as it looks to diversify its business and maintain profitability in a competitive market. The newly formed company has closed 210 underperforming… Continue reading Chicken Soup for the Soul Entertainment cuts costs a year after buying Redbox
Mastercard purchase
Global payments and technology firm Mastercard Inc. announced on Wednesday that it has entered into an agreement to purchase a minority stake in MTN’s $5.2 billion fintech business. Mastercard’s strategic investment in the African telecommunications and digital services provider’s fintech business will be made via its newly launched venture capital fund, Mastercard Ventures. The major… Continue reading Mastercard purchase