Businesses are facing unprecedented change and uncertainty. And boards of directors have an obligation, and an opportunity, to help senior management step up to face it.
OpenAI and Japanese conglomerate SoftBank will each commit $19 billion to fund Stargate, a joint venture to develop data centers for artificial intelligence in the U.S., the Information reported on Wednesday.
One of the most frustrating aspects of ‘blogging in America is keeping up with our frantic and incoherent news cycle. By the time a juicy topic has been explained enough to write about responsibly, it’s already been eclipsed by some wilder scandal.
Norway’s Hydro said on Monday it has agreed to buy the remaining shares in battery recycler Hydrovolt from Swedish electric-vehicle battery maker Northvolt for 78 million Norwegian crowns ($6.79 million).
U.S. asset management firm Vanguard Group increased its stake in independent power producer Talen Energy Corp to 10.4%, according to a filing on Wednesday.
Microsoft is planning to invest about $80 billion in fiscal 2025 on developing data centers to train artificial intelligence (AI) models and deploy AI and cloud-based applications, the company said in a blog post on Friday.
OpenAI on Friday outlined plans to revamp its structure, saying it would create a public benefit corporation to make it easier to "raise more capital than we’d imagined," and remove the restrictions imposed on the startup by its current nonprofit parent.