The American beauty giant is in the midst of a turnaround plan that it says will cost up to $1.6 billion. Shares in each company went in opposite directions on the news.
Source: Sherwood News.
Category: Business
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Jefferies rises after report of potential takeover from Japan’s SMFG
Whilst the potential move is not imminent, SMFG has assembled a small team to act if a continued drop in Jefferies’ share price creates an opportunity, per the FT.
Source: Sherwood News.
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Jensen Huang: We have achieved AGI now… sort of
Nvidia’s CEO hedged a bit when declaring that artificial general intelligence has been achieved.
Source: Sherwood News.
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Jensen Huang: We have achieved AGI now… sort of
Nvidia’s CEO hedged a bit when declaring that artificial general intelligence has been achieved.
Source: Sherwood News.
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OpenAI woos private equity investors with 17.5% return
OpenAI promised private equity investors a guaranteed minimum return of 17.5% on their investment, according to a report from Reuters.
Source: Sherwood News.
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Stocks jump as Trump postpones strikes on Iranian energy infrastructure
A heat map of the S&P 500 was bright green on news of a potential ceasefire on energy asset strikes.
Source: Sherwood News.
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Big Tech’s strategy for selling AI: Dogfooding
I’m not only the AI CEO, but I’m also a client.
Source: Sherwood News.
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Musk’s Terafab might be his most technically difficult challenge yet
One does not simply start fabricating semiconductors.
Source: Sherwood News.
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Musk’s Terafab might be his most technically difficult challenge yet
One does not simply start fabricating semiconductors.
Source: Sherwood News.
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Alphabet’s drone delivery startup, Wing, expands service to the Bay Area
That’s what happens when you tie CEO compensation to a business segment’s progress.
Source: Sherwood News.
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Ethereum rises amid market rally, but traders remain unconvinced price can break $2,500
Meanwhile, BitMine announced scooping up $141.8 million last week as part of its ethereum treasury strategy.
Source: Sherwood News.
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Danone acquires meal replacement shake maker Huel for ~$1.2 billion
Powders, protein bars, and podcast ads have all helped the functional nutrition company boom.
Source: Sherwood News.