Business
A historic Los Angeles diner that served customers for more than a century is preparing to reopen after closing last year, with a new nonprofit business model that will direct all of its profits toward homelessness programs. The Original Pantry Cafe, which first opened in 1924, is expected to reopen…
A group of senior creditors to JetBlue Airways has reportedly hired financial and legal advisors as the airline faces mounting financial pressure, falling bond prices and rising fuel costs that have complicated turnaround efforts. The creditors are working with investment bank PJT Partners and law firm Akin, according to The…
Anthropic on Monday released the prospectus for its highly anticipated initial public offering (IPO) as the tech giant looks to raise capital to help further its AI ambitions. The company’s prospectus shows Anthropic has seen rapid growth over the last year, as well as mounting costs amid deep investment in…
Elon Musk said SpaceX has closed $40 billion in debt financing to purchase graphics processing units for its artificial intelligence operations, highlighting the enormous sums being spent in the race to build AI computing capacity. Musk announced the financing on Sunday, saying SpaceX was able to secure the money because…
Anthropic’s Claude AI model accessed publicly available voter data through Georgia’s data hub, state officials and the company confirmed to FOX Business on Sunday. The Georgia Secretary of State’s office stressed that the bot did not access a voter file or the state’s voter registration system.”This was publicly available data…
General Motors is expanding its autonomous driving technology to more of its vehicles as the automaker invests in AI and software that could become a growing source of revenue. The automaker said Wednesday at its “GM Forward” event that it plans to expand “eyes-off” autonomous driving to pickup trucks, crossovers…
An apparent explosion sparked a fire at a massive Quaker Oats plant in Iowa on Saturday, sending thick black smoke billowing over downtown Cedar Rapids as firefighters rushed to the facility billed as the world’s largest oat mill. No injuries were reported, and all workers were safely accounted for, according…
Atomic Wings CEO Zak Omar says there is one habit that has helped him become a better leader: looking back at what went right, confronting what went wrong and identifying ways to improve. “At the end of every week, I look at what we’ve done well and what we failed…
President Donald Trump announced a massive $4.2 billion investment by German automaker Audi during a campaign rally in Georgia on Saturday, touting plans for a new manufacturing plant that he said would produce 200,000 vehicles annually. Speaking during a campaign event in Perry, Trump said construction on the new plant…
The first tanker with 40,000 tons of diesel left for New York from Russia earlier this week following President Donald Trump’s deal with Russian President Vladimir Putin to release millions of tons of diesel into the global supply, Fox News has reported. This comes as diesel has shot to more…