OpenAI Scraps Release of New AI Model Over Safety Concerns
The model, dubbed GPT-6.1 Astra, was due to debut inside ChatGPT and Codex in October.
----
Goldman's Board Has Discussed a Plan to Name John Waldron as Its Next CEO
Under the plan, David Solomon, who has led the bank since 2018, would step down as soon as next year and be executive chair.
----
Nvidia Adds Record $150 Billion to Stock Buyback
The chip maker's board approved the share-repurchase program, bringing the total buyback authorization to $235 billion.
----
AMD to Acquire World Labs for $8.2 Billion
The semiconductor company said the deal would help it develop better hardware, software and systems, especially in the growing field of physical AI and robotics.
----
FAA to Delay 737 MAX 10 Approval Over New Software Glitch
Air-safety regulators will assess a possible safety risk before certifying the longest and final model of Boeing's bestselling jet.
----
Raytheon Gets $20.7 Billion Contract to Accelerate AMRAAM Missile Production
Under the five-year contract, with two option years, Raytheon said it will scale AMRAAM missile production to record levels to meet long-term demand.
----
AstraZeneca to Invest $2 Billion in Summit Therapeutics, Collaborate on Cancer Drugs
Summit shares surged in after-hours trading following the news of AstraZeneca's investment, as the two companies plan to ramp up their collaboration on developing cancer treatments.
----
AAR to Pay $1.8 Billion for Stake in Aircraft-Maintenance Company
The aviation-services supplier agreed to buy a majority stake in the Bain-backed MRO Holdings.
----
The Nike Lifer Driving a High-Stakes Turnaround in China
Once one of its best markets, the country is now a major cause of the sportswear giant's sinking fortunes.
----
Why MongoDB Stock Is Sinking 17% on Its CEO's Departure
MongoDB stock falls after the company announces its CEO is stepping down to take a role at Meta.
----
Meta Seeks Payoff From AI Spending With New Push for Business Customers
The tech giant is pushing to monetize its multibillion-dollar AI investments by selling more tools and services to companies.
----
SpaceX Launches Starship for First Orbital Mission
Starship entered orbit for the first time and deployed the latest version of Starlink satellites, critical steps in the company's push for the experimental rocket to handle a range of missions.
----
Citi Expands Digital-Assets Footprint With Coinbase Partnership
Coinbase, the largest U.S. crypto exchange, will provide the digital rails enabling the bank's corporate clients to make payments with stablecoins.
----
Adobe Expects Record U.S. Holiday Online Shopping This Year
Adobe's analytics division projected $275.1 billion in U.S. online sales between Nov. 1 and Dec. 31, up 6.7% from the same period last year.
----
TotalEnergies Sets Out Growth Plan Until 2035
The French energy company said it plans to invest between $14 billion and $17 billion per year between 2027 and 2032.
----
Roche Halts Development of Obesity Drug Candidate
The drugmaker said clinical-trial data suggested the medicine, emugrobart, wouldn't hit internal targets.