Amazon Eyes $50 Billion OpenAI Stake
Amazon is discussing investing as much as $50 billion in OpenAI, The Wall Street Journal reported Thursday (Jan. 29), citing unnamed sources.
The move that would mark one of the largest sin...
Caterpillar Reports Growth From Data Center Demand
Caterpillar is reshaping how customers use its equipment as demand shifts toward data centers, autonomous operations and energy reliability. On its latest earnings call, held on Thursday (Jan. 29) the...
SAP Stock Sees Biggest Drop Since 2020 Over Cloud Concerns
Shares in German tech giant SAP have reportedly seen their largest one-day loss since 2020.
The decline came as the company rattled investors over the health of its cloud computing business...
Starbucks Brings Back Tiered Rewards Program
Starbucks is preparing to launch an updated version of its loyalty rewards program.
Beginning March 10, the coffee chain will offer a three-tiered rewards structure, with “Green,” “G...
Microsoft Reveals It’s the No. 2 Seller of AI Apps Behind OpenAI
Microsoft’s slightly-slowing growth in cloud server rentals cast a pall over its quarterly earnings report on Wednesday, but the company had a salve to numb that sting: It’s generating significant...
Netherlands May Pursue Confiscation Tax Which Never Works
The Netherlands is poised to approve a change to the income tax that will impose a 36% tax on unrealized gains, as it seeks to boost revenue to fund government activities. Of course, confiscatory taxe...
