Tag: Business
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Nvidia, SK to detail cooperation plan as Jensen Huang flags prolonged chip shortage
SEOUL: Nvidia and South Korea’s SK are expected to announce a plan for cooperation between the two companies on Monday (Jun 8), with the boss of the US chipmaker saying that the ongoing memory shortage would persist for “quite a few years”.A spokesperson for SK Hynix said group chairman Chey Tae-won and Nvidi
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Nvidia, SK to detail cooperation plan as Huang flags prolonged chip shortage
SEOUL, June 7 : Nvidia and South Korea’s SK are expected to announce a plan for cooperation between the two companies on Monday, with the boss of the U.S. chipmaker saying that the ongoing memory shortage would persist for “quite a few years”.A spokesperson for SK Hynix said group chairman Chey Tae-won and Nv
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Harry’s and Coterie owner Mammoth Brands has ambitions to be the next CPG giant
Mammoth’s direct-to-consumer brands have helped upend the razor, diaper and deodorant categories.
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OpenAI plans ChatGPT ‘superapp’ overhaul ahead of listing, FT reports
June 7 : OpenAI is planning its biggest ChatGPT overhaul yet, aiming to turn it into a “superapp” with coding tools and AI agents to boost revenue ahead of a planned share listing, the Financial Times reported on Sunday.The changes are part of a broader reorganisation at OpenAI, as it shifts resources to targ
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High fuel costs to trigger airline failures and consolidation, industry chief says
Airlines are also expected to protect margins by cutting unprofitable routes, while fares, which have surged since the outbreak of the Iran war, are unlikely to come down soon, Walsh said.
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US budget carrier Breeze Airways sets sights on 2027 IPO
Breeze Airrways Chief Executive David Neeleman, who has worked in the airline industry through some of its most turbulent periods, including the Sep 11, 2001, attacks in the US and the pandemic, had a cautiously optimistic tone when asked about the state of the aviation business.
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How ‘Backrooms’ producer Peter Chernin thinks Hollywood needs to change
Franchise fatigue could drive an entertainment industry sea change as the appetite for fresh ideas grows and younger audiences make up more box office sales.
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Indonesia central bank, finance minister agree to boost asset yields to aid rupiah
JAKARTA, June 6 : Indonesia’s central bank chief and finance minister on Saturday agreed to increase yields on Indonesian assets to attract portfolio inflows and support the rupiah, after the currency hit record lows in the past few weeks.Bank Indonesia and the finance ministry “will increase the attractivene
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Stocks fall sharply as strong jobs data fuels rate hike bets; oil set for weekly gain
NEW YORK: Shares fell sharply on Friday (Jun 5) after a blowout jobs report fueled bets of a rate hike by the United States Federal Reserve and as investors turned defensive ahead of the we
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ITG reveals revenue rise in US IPO filing as listings market heat up
June 5 : Digital infrastructure services startup ITG reported a rise in quarterly and annual revenue in its filing to go public in the U.S. on Friday, as a host of companies line up to tap the public markets. A rebound in activity in the U.S. initial public offering market has made boardrooms eager to…
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