Exclusive: ChatGPT owner OpenAI predicts $1 billion in revenue by 2024

Dec 15 (Reuters) – ChatGPT, the new talk-about chatbot in Silicon Valley, can spit haikus, crack jokes in Italian and could soon be the bane of teachers around the world facing fake essays generated by the AI-powered technology. But one question he can’t fully answer is: how will OpenAI make money? The research body, co-founded … Read more

Stray Pet Businesses Will Find New Owners in 2023

TORONTO, Dec 28 (Reuters Breakingviews) – Like dogs looking for forever homes, stray animal businesses will find new owners in 2023. Splurging on furry and feathered friends has proven be inflation-proof, even as exuberant pandemic-fueled valuations have cooled. Large companies are the best candidates to recruit autonomous operators. Americans are constantly pampering their pit bulls, … Read more

Analysis: China’s grand reopening may come too late for many businesses

SHANGHAI, Nov 22 (Reuters) – The culinary tourism business of Brian Bergey and his wife Ruixi Hu has persevered in China through three years of severe COVID-19 restrictions. But as excitement mounts in global financial markets that the world’s second-largest economy can finally emerge from lockdown next year, the two are packing their bags. “I … Read more

Exclusive: Toyota scrambles to restart EVs with eye on Tesla

Oct 24 (Reuters) – Toyota (7203.T) plans to restart its electric car strategy to better compete in a booming market it has been slow to break into and has halted some work on existing electric vehicle projects , four people with knowledge of the plans still in development said. The proposals under consideration, if passed, … Read more

Biden and Xi to meet ahead of G20, Musk addresses business forum by candlelight

NUSA DUA, Indonesia, Nov 14 (Reuters) – Chinese leader Xi Jinping will arrive on the Indonesian island of Bali on Monday for a long-awaited meeting with U.S. President Joe Biden ahead of the tension-laden Group of 20 (G20) summit about Russia’s invasion of Ukraine. The two leaders are expected to discuss the nuclear ambitions of … Read more

Richemont stock soars as jewelry sector sparkles

The jewelry sector sees its sales increase by 24% Profit from continuing operations increases by 40% President cautious on cost of living and rising interest rates ZURICH, Nov 11 (Reuters) – Shares of luxury goods group Richemont (CFR.S) soared as much as 21% in early trading on Friday after the owner of Cartier posted strong … Read more

Analysis: Airlines are restarting as COVID sparks a revolution in one-day business travel

The most popular airline routes have changed since 2019 – OAG Higher airfare prices offset lower travel Environmental concerns a factor for some companies SYDNEY/CHICAGO, Nov 7 (Reuters) – Airlines around the world are wrecking schedules and introducing new flights to tackle a COVID-triggered trend in business travel for executives like Jerome Harris – cutting … Read more

China’s COVID lowers the exact broader business cost of Yum and electric vehicle maker Nio

SHANGHAI, Nov 2 (Reuters) – Chinese electric vehicle maker NIO has suspended production at its factories in the eastern city of Hefei as rising COVID-19 cases and China’s heavy-handed response to outbreaks weigh on increasingly burdensome on manufacturing and the economy. The impact was also felt in the central city of Zhengzhou, where the industrial … Read more

Exclusive: Google faces EU antitrust charges over its adtech business – sources

BRUSSELS, Oct 13 (Reuters) – Alphabet’s Google unit (GOOGL.O) could face EU antitrust charges next year over its digital advertising business, exposing the company to its fourth fine in the EU of more than one billion euros, people familiar with the case said Thursday. Google’s advertising business, which generated more than $100 billion in sales … Read more

Yellen to tout Biden’s tech investments in Virginia business incubator

WASHINGTON, Oct 19 (Reuters) – U.S. Treasury Secretary Janet Yellen is expected to resume her campaign to promote President Joe Biden’s economic initiatives on Friday, visiting a Virginia business incubator to tout U.S. investments in research, semiconductors, clean energy and other technologies. Treasury said Yellen would deliver a speech and meet with entrepreneurs from the … Read more