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Billionaire Kerry Stokes’ Seven Group to take full control of Boral for $1.9 billion

Seven Group Holdings—controlled by billionaire Kerry Stokes—is offering to buy the rest of construction giant Boral for A$1.9 billion ($1.2 billion).

  • By Yessar Rosendar

WATCH: First look at OpenAI’s ‘Sora’ – An AI video model capable of realistic text-to-video prompts

The generative model will still need to clear rounds of safety testing before being open to the public.

  • By Antonio Pequeño IV

The Iconic and Zip co-founders raise $7 million for AI jobs platform

Hatch has closed an oversubscribed seed round to scale its AI-powered jobs marketplace aimed at Gen Z.

  • By Anastasia Santoreneos
  • Journalist & List Editor

Musk reignites feud with Sam Altman over OpenAI’s ditched non-profit promise

Elon Musk took aim at OpenAI CEO Sam Altman again Friday over the company’s decision to abandon its original nonprofit model and make money, stoking a longstanding feud with his fellow OpenAI founder as the firm unveiled a powerful new text-to-video AI tool, Sora.

  • By Robert Hart
  • Forbes Staff

FDA approves first medication for treating allergic reactions to multiple foods

The U.S. Food and Drug Administration approved the use of Xolair to reduce the severity of allergic reactions to one or more foods, making it the first FDA-approved medication to treat allergic reactions to multiple foods from accidental exposure.

  • By Cailey Gleeson

This AI darling stock just tanked 20% today—but it’s still up almost 200% this year

Shares of Super Micro Computer nosedived Friday as an analyst threw some cold water on the U.S.’ hottest stock, but shares of the company viewed as among the top pure artificial intelligence plays remain up an eye-popping level.

  • By Derek Saul
  • Forbes Staff

The Metaverse renaissance: Has Apple delivered VR/AR 2.0?

Opinion: While the jury’s still out on whether the Vision Pro marks a ‘Metaverse Renaissance’ or the dawn of an entirely new chapter, one thing’s clear: Apple’s entry has reignited the conversation about immersive technologies.

  • By Lucio Ribeiro - Contributor

Roku stock tanks more than 23%—its worst trading day ever

The drop in share price began in after-hours trading Friday after the company released earnings.

  • By Antonio Pequeño IV

Trump’s ‘super limited’ $600 gold sneakers sell out in ‘under 2 hours’

One-thousand pairs of former President Donald Trump’s limited edition high-top gold-colored sneakers have reportedly sold out in presale, according to the brand’s webs…

  • By Cailey Gleeson

OpenAI reaches US$80 billion valuation in venture firm deal, reports

The AI company has raised billions of dollars from companies including Microsoft.

  • By Antonio Pequeño IV
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