IBM’s CEO touted DeepSeek AI as a validation of his strategy in a post-earnings victory lap as shares surge 12%
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Tag: Fortune 500 Companies
Elon Musk says Tesla will roll out paid robotaxi service to customers in June in Austin
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RTX now has a $218 billion backlog for its commercial aircraft and defense products
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DeepSeek caused a $600 billion freakout. But China’s AI upstart may not be the danger to Nvidia and U.S. export controls many assume
Jevons Paradox and 'test time compute' mean the need for advanced computer chips may soar, not plummet. Read More Source ...
How the Trump administration’s anti-DEI stance could reshape the future C-suite
The next generation of C-suite leaders could become significantly less diverse due to the ongoing anti-DEI campaign in corporate America. ...
Texas asks Wall Street firms for details about DEI efforts
The letter was sent to Goldman Sachs Group Inc., Morgan Stanley, JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc. and ...
Chevron sees 1 million barrels per day from one of the world’s biggest oil fields in this OPEC+ state
Chevron expects Kazakhstan's Tengiz oil field, one of the largest of its kind in the world, to produce 1 million ...
Race to build more AI infrastructure dominates tech—and the U.S. presidential transition
A planned $500 billion data center building spree under Trump is just the biggest in a long list of AI-related ...
Nasal spray for depression now FDA-approved as standalone treatment
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Amazon’s ‘flywheel’ created a $2.4 trillion company — Netflix’s blowout earnings show how the streaming company is replicating the tactic
More subscribers equal more revenue, which leads to more content investments, which lead to more engagement, which leads to more ...
Dell’s employees had 800 different gen AI ideas. Here’s how the PC maker winnowed the list to 8
In deciding which AI projects to pursue, Dell calculates the return on investment. Read More Source link
Jamie Dimon refuses to publicly name a successor on earnings call to investors, concedes he’ll likely stick around a few more years
An analyst asked Dimon, "What would you do otherwise anyway? You don't play golf." Read More Source link
Is your company’s board ‘Trump friendly’? Meta’s appointment of UFC chief Dana White marks a new era of politicized boardrooms
Meta's appointment of the Ultimate Fighting Championship CEO to its corporate board could kick off a new trend. Read More ...
Delta CEO announces plan to share $1.4 billion of profit with employees and hints at the future of SkyMiles
The profit share will arrive on Valentine's Day—how romantic! Read More Source link
Kentucky reaches $110 million deal with Kroger to settle its opioid lawsuit—‘This massive grocery chain…allowed the fire of addiction to spread’
The state will use the settlement money to combat an addiction that has ravaged communities. Read More Source link
BlackRock leaves major climate group amid Wall Street exodus
BlackRock, which oversees more than $11 trillion, has been the subject of attacks from GOP lawmakers for embracing what conservatives ...
Investment bank Jefferies’ profit more than triples: CEO says the ‘cherry on top’ is that ‘financial stars are aligning’ after crippling inflation
The company cites resurgent interest in M&A and optimistic markets for placing it in the “best position ever” in the ...
Ebay added $3 billion in market value in one day — thanks to Facebook’s rival marketplace
The European Commission's recent antitrust ruling against Meta also gets an assist. Read More Source link
Exxon predicts $700 million hit to profit from lower oil prices
The company faces “significant headwinds” at its refining division. Read More Source link
Allstate’s CIO is leaning on gen AI to make insurance policy coverage and claims requests more effective
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