Search results for "x owner"

OpenAI: Will Microsoft Move from Shareholder to Owner?

At a board meeting last week at OpenAI, Sam Altman was presenting a strategy that would reverse the losses of ChatGPT and render a profit within three months. It involved a cost-sharing idea whereby the AI tool would prioritise information linked to participating, fee-paying commercial partners. This would achieve one significant goal. Namely, the major […]

Facebook Owner Meta Planning Lower Bonus Payouts for some Employees - WSJ

Facebook owner Meta Platforms Inc is planning to lower bonus pays for some employees, and assess staff performance more frequently, the Wall Street Journal reported on Tuesday, citing an internal memo. Employees of the social media giant, who get a rating of “met most expectations” in their 2023 year-end reviews, will receive a smaller percentage […]

Buoyant Zara Owner Inditex Invests in Tech and U.S. Expansion

Zara owner Inditex’s spring-summer 2023 collection has flown off the shelves over the past six weeks, the fast-fashion retailer said on Wednesday, in a sign that sales are keeping pace after a strong 2022. Inditex has extended its lead over Swedish rival H&M, in part thanks to a less price-sensitive customer base. As the cost […]