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19879 articles published since 08 Mar 2022

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Elon Musk heads group trying to buy control of OpenAI: report
Elon Musk heads group trying to buy control of OpenAI: report
Business and Economy

Elon Musk is leading an investment group offering $97.4 billion for the nonprofit that controls OpenAI, marking a new front in his war with the ChatGPT-maker, the Wall Street Journal reported Monday. "No thank you, but we will buy twitter for $9.74 billion if you want," OpenAI chief Sam Altman wrote in a post on X, formerly Twitter, apparently responding to the offer.

McDonald's profits dented by food poisoning outbreak
McDonald's profits dented by food poisoning outbreak
Business and Economy

McDonald's reported a dip in profits Monday as it contended with lingering effects from a US food poisoning outbreak that depressed sales in its home market. Sales hit a trough soon after the late-October outbreak, but improved later in the quarter as McDonald's bolstered marketing campaigns and value promotions, executives said on an earnings conference call.

Nestle share slump adds pressure on new boss
Nestle share slump adds pressure on new boss
Business and Economy

Nestle's slumping share price is rattling shareholders and pension funds that have invested in the food giant, piling pressure on its new boss ahead of Thursday's annual results. In Switzerland, the NZZ daily newspaper warned that many Swiss citizens were affected given Nestle's weight in pension fund investment.

Government chiefs and tech leaders gather in Paris for AI summit
Government chiefs and tech leaders gather in Paris for AI summit
Business and Economy

Political and tech industry leaders were set to descend on Paris Monday for a two-day summit on artificial intelligence, hoping to find common ground on a technology with the potential to upset global business and society. - 'Stargate' sets the pace - In a TV interview, he trailed "109 billion euros ($113 billion) of investment in artificial intelligence in the coming years" in France.

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