EV maker Rivian Automotive (NASDAQ:RIVN) will reportedly discontinue the third shift at its Normal, Illinois plant starting next month in light of increased efficiency and subdued production outlook for FY24. What Happened: Rivian, which currently employs approximately 8,000 workers in…
U.S. stocks are on track to rebound on Wednesday after experiencing a pullback in the previous two sessions. Pent-up buying could lift heavily weighted tech stocks and, consequently, the broader market. However, several factors will influence the market’s direction. Investors will closely…
Global banking giant JPMorgan Chase & Co. (NYSE:JPM) has revealed that its AI Cash Flow Intelligence tool has significantly decreased manual human labor by nearly 90% for some of its corporate clients. What Happened: The AI tool, which was introduced…
Mike Novogratz, an influential figure in the cryptocurrency world and CEO of Galaxy Investment Partners, recently expressed skepticism about Bitcoin’s (CRYPTO: BTC) ability to sustain its recent surge in value. He anticipates a period of volatility ahead. What Happened: On…
In a 2012 interview, Elon Musk was visibly hurt by NASA legends Neil Armstrong and Eugene Cernan's criticism of him and SpaceX for commercializing space. Now, it looks like the tech mogul wanted to do the same with ChatGPT-parent OpenAI.…
James Donaldson has shut down rumors that he sold his popular YouTube channel MrBeast to media giant The Walt Disney Co. (NYSE:DIS), following weeks of speculation. What Happened: The rumors were sparked by a joke made by The Iced Coffee…
Tech billionaire Elon Musk has continued his criticism of OpenAI, asking the startup to rename itself because it won't open-source its AI technology. This comes after OpenAI posted its first official response to Musk's lawsuit, authored by its president Greg…
Trust in artificial intelligence companies has seen a significant decline, both in the U.S. and globally, according to the data released by public relations firm Edelman. What Happened: The trust in AI companies has dropped to 35% in the U.S.…
In a recent episode of CNBC’s “Mad Money,” host Jim Cramer recommended BlackRock Inc. (NYSE:BLK) as a must-have stock, citing its pivotal role in the nation’s financial landscape. What Happened: Cramer expressed his strong support for BlackRock, the world’s largest…
New emails shared by ChatGPT-maker revealed that CEO Elon Musk once said that only OpenAI's merger with Tesla could help the AI startup compete with Alphabet Inc.'s Google properly. What Happened: On Tuesday, OpenAI shared a blog post in response…