OpenAI expects $70bn in annualised revenue by end of 2026
Driven largely by growth in its enterprise business.
South African human rights lawyer Navi Pillay awarded Nobel peace prize
Pillay is recognised for holding states and national leaders accountable and defending international law amid growing pressure on global legal institutions.
Disney pitches Paramount, universal on Infinity Vision brand
Often described as a competitor to Imax Corp, to market their films.
Home Affairs withdraws asylum directive after refugee offices overwhelmed
This follows unrest in Durban and Soweto after a September directive allowed asylum seekers to lodge asylum applications.
AI borrowing spree hammers tech debt in rush to reprice risk
'Every new financing announcement feels like another entrant in an auction for investor balance sheet, and that’s creating a level of spread volatility that would have seemed hard to imagine a year ago,' said Mark Clegg.
Ex-Warner Bros CEO pockets $600m in sale to Paramount
Much of Zaslav’s compensation came in the form of stock options.
US bars Microsoft, Indian firms from visa program in blow
Suspensions, announced Thursday, also targeted information technology services giants Cognizant Technology Solutions Corp, Infosys, Tata, Wipro, HCL Technologies and Capgemini SE.
Harvard, MIT face visa probes amid US crackdown on global talent
The sweeping fraud probe is focused on J-1 visas, which at universities are often held by international PhD candidates and visiting scholars.
SpaceX announces spectrum deal for Starlink mobile phone service
Sending shares in incumbent cell providers falling as much as 8%.
Nasdaq 100 drops 1.4% as OpenAI warning deepens bubble fears
Its worst one-day drop in seven weeks, while the S&P 500 Index fell 0.5%.