Documents show OpenAI's long journey from nonprofit to $157B valued company
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Back in 2016, the artificial intelligence maker OpenAI had just incorporated as a nonprofit and applied to the Internal Revenue Service for tax-exempt status. The application shows the vast distance …
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By THALIA BEATY
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10/12/24
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Changing OpenAI's nonprofit structure would raise questions about its future
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The artificial intelligence maker OpenAI may face a costly and inconvenient reckoning with its nonprofit origins even as its valuation recently exploded to $157 billion. Nonprofit tax experts have …
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By THALIA BEATY
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10/12/24
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Kim Jones steps down as artistic director at Fendi to concentrate on his role at Dior Men's
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British designer Kim Jones is stepping down from his role as artistic director of womenswear and couture at Fendi, parent group LVMH announced. Jones succeeded the late Karl Lagerfeld in designing …
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10/12/24
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China's finance minister says there is room for more economic stimulus but offers no plan
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China's finance minister says the government is looking at additional ways to boost the economy, but he didn't unveil a major new stimulus plan at a news conference Saturday. Stock investors and …
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By KEN MORITSUGU
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10/12/24
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Data shows migrants aren't taking 'Black jobs' or 'Hispanic jobs,' despite what Trump says
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Republican presidential nominee Donald Trump promises the biggest deportation event the U.S. has ever seen if he is elected. Trump's plan is predicated, in part, on the notion that immigrants are …
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By FATIMA HUSSEIN
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10/12/24
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UK leader Keir Starmer is marking 100 days in office. It has been a rocky ride
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British Prime Minister Keir Starmer marks 100 days in office on Saturday with little cause for celebration. Starmer’s center-left Labour Party was elected by a landslide on July 4, sweeping back …
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By JILL LAWLESS
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10/12/24
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TikTok was aware of risks kids and teens face on its platform, legal document alleges
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TikTok has been aware that its design features are detrimental to its young users and that publicly touted tools aimed at limiting kids’ time on the site were largely ineffective. That's according …
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By HALELUYA HADERO
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10/11/24
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If you let your flood insurance lapse and then got hit by Helene, you may be able to renew it
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Residents in states hit by Hurricane Helene who had coverage through the federal flood insurance program but let it lapse before the storm hit may be able to renew it and still be covered from the …
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By REBECCA SANTANA
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10/11/24
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Oregon's most populous county adds gas utility to $51B climate suit against fossil fuel companies
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Oregon's Multnomah County, home to Portland, has added the state's largest natural gas utility to its $51.5 billion climate lawsuit against fossil fuel companies. The lawsuit, filed last year, …
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By CLAIRE RUSH
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10/11/24
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U.S. expands sanctions on Iran in response to its ballistic attack on Israel
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The U.S. on Friday announced new sanctions on Iran’s energy sector in response to its October 1 attack on Israel, firing roughly 180 missiles into the country. Iran said the barrage was retaliation …
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By FATIMA HUSSEIN
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10/11/24
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Fisher-Price recalls over 2 million 'Snuga Swings' following the deaths of 5 infants
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Fisher-Price is recalling parts of over 2 million infant swings across the U.S., Canada and Mexico. That's because of a serious suffocation risk following reports of five infant deaths. The U.S. …
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By WYATTE GRANTHAM-PHILIPS
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10/11/24
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Georgia election workers settle defamation lawsuit against conservative website
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Two Georgia election workers have reached a settlement in their defamation lawsuit against a Missouri-based website that falsely accused them of fraud in the 2020 presidential election. Lawyers for …
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By JEFF AMY
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10/11/24
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Stellantis CEO under fire from Italian lawmakers as the group grapples with financial troubles
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Italian lawmakers on Friday questioned the head of troubled French-Italian automaker Stellantis over the group’s strategy, one day after it announced a management shakeup in an effort to revive …
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By GIADA ZAMPANO
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10/11/24
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US consumer sentiment slips in October on frustration over high prices
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Americans’ outlook on the economy soured a bit after two months of small gains, according to the University of Michigan’s consumer sentiment index, released Friday. The index slipped to 68.9 in …
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By CHRISTOPHER RUGABER
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10/11/24
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Boeing's lawyers come to court to face relatives of the passengers who died in Boeing Max crashes
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Relatives of passengers who died in Boeing Max crashes will tell a judge to throw out a plea agreement that they say is a sweetheart deal for Boeing. A federal judge in Texas will hear arguments over …
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By DAVID KOENIG
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10/11/24
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Wholesale inflation remained cool last month in latest sign that price pressures are slowing
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Wholesale prices in the United States were unchanged last month in another sign that inflation is returning to something close to normal after years of pressuring America’s households in the wake …
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By PAUL WISEMAN
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10/11/24
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Stellantis, seeking to revive sales, makes some leadership changes
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Stellantis, which makes Jeep and Chrysler vehicles, announced a number of significant leadership changes, including the timing of CEO Carlos Tevares’ retirement and the departure of its chief …
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By MICHELLE CHAPMAN
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10/11/24
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JPMorgan net income falls as bank sets aside more money to cover potential bad loans
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JPMorgan says its net income fell to $12.9 billion in the third quarter from $13.2 billion a year ago. However, the New York bank’s earnings per share rose to $4.37 from $4.33 because there are …
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By MATT OTT
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10/11/24
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One Tech Tip: Here's what you need to do before and after your phone is stolen or lost
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Phones hold so much of our digital lives that if they ever get stolen or go missing, it can cause major disruption beyond just the loss of a device. There are steps you can take to make it less …
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By KELVIN CHAN
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10/11/24
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Asian stocks mixed as markets wait for China policy briefing
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Asian stocks were mixed on Friday as Chinese markets declined amid investors' attention on a key briefing about the details of the upcoming stimulus plan this weekend. U.S. futures rose while oil …
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By ZIMO ZHONG
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10/11/24
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