OpenAI rejects $97.4bn Musk bid and says company is not for sale | OpenAI

The opening on Friday rejected a $97.4 billion bid for ChatGpt makers from a consortium led by billionaire Elon Musk, saying the startup is not on sale. The unsolicited approach is Musk's latest attempt to block a startup co-founded with CEO Sam Altman. “Openai is not on sale. The board unanimously rejected its latest attempt […]

Jeff Bezos-owned rocket company Blue Origin to chop 10% of workforce

The Blue Origin, owned by Jeff Bezos, will cut 10% of its workforce as it pivots towards an increase in rocket launch frequency after years of research and development, the space company said Thursday. “Our main focus from 2025 onwards is to expand production power and start cadence with customer speed, decisions and efficiency,” Dave […]

Disney dumps two DEI programs as investors pressure company

Disney is reportedly pulling back its diversity, equity and inclusive policy, the latest major company repeating initiatives that have been woken up amidst pressure from activist investors and the Trump administration. The media giant – who saw the final outcome hurt by the fight over the “gay” bill in Florida – quietly dropped the “Reimagine […]

Amazon to pay $4M to settle suit accusing company of stealing tips from drivers

Amazon has put $3.95 million to resolve a lawsuit accused of subsidizing labor costs by stealing tips received by drivers to cover a portion of employee base wages. We agreed to pay, DC Attorney Brian L. Schwalb announced on Friday. According to Schwarb, between 2016 and 2019, Amazon misunderstood Washington, DC consumers, and that all […]

IT company Accenture is the latest to scrap DEI policies

Accenture reportedly has abolished its diversity, equity and inclusive goals. This week it became the latest major tech company to bring policy back under conservative pressure. Based in Dublin, Ireland, the global IT services company employs extensively from India, will begin to “sunset” its diversity goals for 2017, according to an internal memo from CEO […]

Allstate says California wildfires to bring company $1.1 billion in losses

New York City real estate agents Dolly and Jenny Lentz discuss the Los Angeles wildfires and the impact of “Fox Business Live” on the local housing market. Allstate said the wildfire that burned Southern California last month would cause significant losses to insurers. CEO Tom Wilson said in a statement Wednesday that wildfire-related losses “reflecting […]