The New York Times has filed a lawsuit against Microsoft and OpenAI, claiming that the companies used millions of articles from the newspaper to train AI chatbots that now rival the Times. The lawsuit seeks to hold them responsible for billions of dollars in damages and will likely impact the discussion around generative-AI technology.
Hyundai Motor Company has announced the appointment of Jose Munoz as its new CEO, marking a significant leadership change aimed at enhancing global management and competitiveness.
Citigroup is being investigated by US authorities over its connections with sanctioned Russian billionaire Suleiman Kerimov, focusing on its dealings with Heritage Trust.
BHP Group is awaiting a formal court ruling after reports indicated that its unit and other firms were cleared of criminal charges related to the 2015 Fundão dam collapse in Brazil.
Applied Materials has forecasted lower-than-expected revenue for the upcoming quarter, citing weak demand outside of AI chip markets and challenges in China.
Halozyme Therapeutics has proposed a €2 billion acquisition of German drug developer Evotec, aiming to enhance its drug discovery and development capabilities.
Pony AI, a Chinese self-driving technology company, is aiming for a $4.5 billion valuation in its upcoming US IPO, marking a significant step in its long-term strategy to enter the American market.
President-elect Donald Trump has announced that JPMorgan Chase CEO Jamie Dimon will not be part of his administration, despite earlier speculation about Dimon's potential role as Treasury Secretary.
MetLife's American Life Insurance Company has settled with the U.S. Treasury Department for over 2,300 sanctions violations against Iran, agreeing to a $178,421 fine.