OpenAI says working with Samsung on next-generation chips, deepening cooperation

OpenAI is deepening cooperation with Samsung Electronics as the ChatGPT maker develops its own chips, ​expanding ties with the South Korean technology giant across semiconductors and enterprise AI services.

OpenAI says working with Samsung on next-generation chips, deepening cooperation

OpenAI is deepening cooperation with Samsung Electronics as the ChatGPT maker develops its own chips, expanding ties ​with the South Korean technology giant across semiconductors and enterprise AI services.

Zara owner Inditex reports profit miss despite strong August sales

Zara owner Inditex reported weaker than expected second-quarter profit on Wednesday as costs increased due to the Middle East conflict, ​driving its shares down 3% despite a strong start to autumn trading.

Here's how the rental insurance offered by your landlord leaves you exposed

If you think the convenient coverage offered by your landlord covers your stuff in case of an unexpected event, here's why you're in for a nasty surprise.

South Jordan restaurant donates day's sales to Nepal disaster relief fund

As Nepal faces mounting devastation from deadly flooding and a new earthquake, a South Jordan restaurant is stepping up to help.

CVC names insider, TPG executive as co-CEOs to succeed Lucas in 2028

CVC Capital Partners on Wednesday named insider Peter Rutland and ​TPG's Todd Sisitsky as co-chief executives, setting up a leadership transition as incumbent Rob Lucas prepares to ‌step down in the first quarter of 2028.

Japan manufacturers' mood hits near 5-year high on semiconductor demand: Reuters poll

Business confidence among big Japanese manufacturers climbed in September to ​its highest level since December 2021, buoyed by robust semiconductor and data-centre-related demand, a Reuters monthly poll showed on Wednesday.

Blackstone explores sale of ZO Skin Health, sources say

Investment ​firm Blackstone is looking to sell medical-grade skincare company ZO Skin ‌Health, which could be valued at around $2 billion ⁠in any deal, ​according to people ⁠familiar with the matter.

Chime to buy nationally chartered Stride Bank for $590 million, shares jump

Fintech Chime said on Tuesday it will acquire nationally ​chartered Stride Bank for $590 million, bringing key banking infrastructure in-house as it looks to expand its ‌lending business.

Canada's retaliatory tariffs take effect as US trade talks stall

Canada's retaliatory tariffs on U.S. goods took effect on Tuesday, intensifying their trade war and spurring Prime Minister Mark Carney to urge a further shift ​from Canada's biggest trading partner.

Buyout firm CVC explores $2 billion sale of Dr Teal's parent company, sources say

The owner of Arthea, the personal care platform whose ​products include bath and body brand Dr. Teal's, is exploring a sale that could value the platform at around $2 billion, according to sources ‌familiar with the matter.

Verizon signs optical fiber deal with Corning to expand broadband, support AI growth

Verizon said on Tuesday ​it has signed an agreement with specialty glass ‌maker Corning for high-density optical ⁠fiber, as ​the telecom company ⁠ramps up broadband ‌expansion and ‌reinforces network infrastructure to support ⁠AI workloads.

Goldman expands AI push with new engineering office in Bellevue

Goldman Sachs said on Tuesday ​it has opened a new office in Bellevue, Washington, to ‌serve as a dedicated engineering location for more ⁠than 125 ​employees focused on ⁠AI and cloud transformation.

Air traffic control issue disrupts flights at major UK airports

Flights at major British airports were disrupted on Tuesday by a technical fault at air traffic control provider NATS, the latest in a series of failures that renewed questions ​about the resilience of Britain's aviation infrastructure.

Qualcomm strikes AI chip deal with Amazon, offers right to buy about $4 billion in stock

Qualcomm said on Tuesday Amazon could buy up to $60 billion of its AI data-center chips and related ​products under a long-term partnership, bolstering the chipmaker's effort to become a major supplier of AI infrastructure.

Stoke Space plans more powerful rocket, raises $1 billion

U.S. rocket launch startup Stoke Space plans to build a larger vehicle for replenishing satellite constellations now that the company ​has closed a $1 billion funding round, CEO Andy Lapsa told Reuters, doubling down on its fully reusable rocket strategy as demand grows for launch services.

GE Aerospace to buy castings supplier for nearly $12 billion to tackle engine bottleneck

GE Aerospace said on Tuesday it would buy castings supplier Consolidated Precision Products for $11.75 billion, bringing a key part of its engine supply chain ​in-house as it races to expand production capacity.

Boston Scientific says unlikely to meet 2026 sales, profit forecast after cyberattack

Boston Scientific said on Tuesday it no longer expects to meet its ​previously issued third-quarter and full-year 2026 sales and adjusted profit forecasts, after a cybersecurity incident disrupted the medical device maker's global operations.

Apple's Ternus faces AI test as foldable iPhone takes center stage

When new CEO John Ternus unveils Apple's latest products on Wednesday, Wall Street expects him to show that the company can still deliver breakthrough ​hardware and a Siri virtual assistant capable of competing in the AI race.

ASML to work with major chipmakers to use latest tools for larger chips

ASML, the Dutch chip manufacturing tool company, said it plans to work ​together with its major customers to produce its most advanced tools for developing the kind of large data center chips designed by Nvidia and others.

Novartis twin drug trial setbacks pile pressure on pipeline, CEO

Novartis said on Tuesday its experimental drug for a muscle-wasting disorder failed a late-stage study, the second major trial ​setback in days, sending the Swiss drugmaker's shares down about 11% in its worst trading day on record.