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Amazon Pursuing $50 Billion Stake in OpenAI, Reports Say

Amazon Pursuing $50 Billion Stake in OpenAI, Reports Say

Currently valued at $500 billion, OpenAI is seeking a new round of financing totaling up to $100 billion. According to The Wall Street Journal, Amazon could contribute at least $50 billion of this record-breaking funding round. This unprecedented investment is expected to drive OpenAI’s valuation...

iPhone Posts Historic Best Quarter Ever

iPhone Posts Historic Best Quarter Ever

Apple Inc. delivered strong performance in the first quarter of 2023, with iPhone sales being a particular standout, setting a new all-time quarterly record. Financial reports indicate that iPhone revenue reached $85 billion, a significant increase from $69 billion in the same period last year....

Tesla to Discontinue Model S and Model X Production

Tesla to Discontinue Model S and Model X Production

Tesla Announces Gradual Phase-Out of Model S and Model X. CEO Elon Musk stated during the quarterly earnings call that the final versions of these two electric vehicles will be produced next quarter, with future manufacturing resources shifting toward autonomous driving and robotics projects. He...

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