Virgin Orbit’s LauncherOne rocket on display in Times Square, New York. CNBC | Michael Sheetz Virgin Orbit is scrambling to secure a funding lifeline and avoid bankruptcy, which could come…
Tag: business news
OpenAI CEO Sam Altman says he’s a ‘little bit scared’ of A.I.
Sam Altman, co-founder and chief executive officer of OpenAI Inc., speaks during TechCrunch Disrupt 2019 in San Francisco, California, on Thursday, Oct. 3, 2019. David Paul Morris | Bloomberg |…
Company to cut 9,000 more workers
The Amazon Spheres, part of the Amazon headquarters campus, right, in the South Lake Union neighborhood of Seattle, Washington, U.S., on Sunday, Oct. 24, 2021. Chona Kasinger | Bloomberg |…
Foot Locker touts renewed Nike relationship, posts earnings
Foot Locker plans to open dozens of Power stores across the U.S. over the next few years. Source: Foot Locker Foot Locker CEO Mary Dillon on Monday touted a “renewed”…
Microsoft, Nuance announce clinical notes application powered by OpenAI
Velib bicycles are parked in front of the the U.S. computer and micro-computing company headquarters Microsoft on January 25, 2023 in Issy-les-Moulineaux, France. Chesnot | Getty Images Microsoft‘s speech recognition…
Starbucks CEO Laxman Narasimhan takes over early
Starbucks CEO Howard Schultz, left, with incoming CEO Laxman Narasimhan, Sept. 7, 2022. Source: CNBC Starbucks on Monday said that Laxman Narasimhan has officially become CEO, nearly two weeks earlier…
SVB fail is double-whammy for startups dealing with plunge in venture
ChartHop CEO Ian White ChartHop ChartHop CEO Ian White breathed a major sigh of relief in late January after his cloud software startup raised a $20 million funding round. He’d…
Organized crime is plaguing retailers, spurring debate
America’s biggest retailers say organized retail crime has grown into a multibillion-dollar problem, but the effectiveness of their strategies to solve it and the validity of the data overall have…
Elizabeth Holmes owes over $25 million to Theranos, lawsuit says
Former Theranos CEO Elizabeth Holmes (C) arrives at federal court with her mother Noel Holmes (L) and father Christian Holmes on September 01, 2022 in San Jose, California. Justin Sullivan…
