Microsoft is actually in an even “stronger position from an AI perspective” with Altman as the chief of the company’s newly formed advanced AI unit, according to Wedbush analyst Dan Ives.
Shares of the “Grand Theft Auto” maker are up 13% since the company said last week it will soon release a trailer for the series’ sixth installment.
Pfizer shares tumbled again Monday, continuing the pharmaceutical giant’s struggles tied to declining demand for its Covid-19 products and essentially wiping out the entirety of the firm’s peak pandemic gains.
Analysts say early evidence suggests weight loss drugs will help, not hurt, the exercise sector as the trickle down effects of weight loss can “trigger” beneficial consumer behaviour changes.
WeWork joins the likes of Bed Bath & Beyond and SVB Financial as headlines of the busiest year for corporate bankruptcies since 2020.
Bumble cofounder Whitney Wolfe Herd will step down as the dating app company’s chief executive, the firm announced Monday morning, as the former billionaire Wolfe Herd slides into a new role while Bumble’s growing pains as a public company continue.
The five billionaire Lauder heirs correspondingly lost a combined $2.9 billion Wednesday.
Alphabet brought in a robust $59.6 billion in ad revenue last quarter but Wall Street soured on weaker than anticipated profits in the company’s cloud business.
Netflix reported nine million net subscriber additions exceeded analyst estimates.
The Canadian athleisure firm is on track for its second-largest share price surge of 2023.