Business

OpenAI co-founder Sam Altman wants to raise up to $7 trillion for a new AI chip project. That’s a lot of money. To be specific, it’s more than the entire federal budget, twice the U.K.’s annual GDP, 13 times 2023’s global chip sales, or enough to pay for over two years of universal healthcare in the U.S.  But comparisons aside,…

An experimental weight-loss shot from Amgen Inc.—taken less frequently than wildly popular treatments from Eli Lilly & Co. and Novo Nordisk A/S—appears to keep weight off even after patients stop taking it. Patients given a monthly injection of Amgen’s drug, dubbed MariTide, lost up to 14.5% of their body weight in just 12 weeks, according to a small, early-stage study…

The COVID-19 pandemic instigated a resurgence of government-funded income subsidies in the form of stimulus checks to hundreds of millions of Americans. But these programs were short-lived and didn’t have the long-term impact of other universal basic income programs. Some localities in the aftermath of the pandemic have started offering guaranteed income programs, which are under fire by Republicans who…

International Business Machines Corp. delivered a companywide ultimatum to managers who are still working remotely: move near an office or leave the company. All US managers must immediately report to an office or client location at least three days a week “regardless of current work location status,” according to a memo sent on Jan. 16 viewed by Bloomberg. Badge-in data…

Ryanair CEO Michael O’Leary called Boeing’s management “headless chickens” in May 2022, but now he says, “They are doing a good job. They are turning that company around.” In fact, Ryanair is interested in purchasing unwanted Boeing 737 Max 10 aircrafts from United Airlines, O’Leary said in Ryanair’s third quarter earnings presentation Monday. “If United Airlines wants to delay or…