Industries

Industries

Microsoft Holds Out on OpenAI Nonprofit Plan

Photo by TechCrunch via CC BY 2.0

Microsoft hasn’t signed off on OpenAI’s dramatic reversal of its onetime plan to become a for-profit venture.

2 min read

Photo by Ilya Plekhanov via CC BY-SA 4.0

Consumer

Uber Takes a U-Turn Back to Unprofitability

A $721 million loss from equity investments in other companies pulled the entire company down to an overall loss of $654 million.

1 min read
Photo by Atomic Taco via CC BY-SA 2.0

Electric Vehicles

EV Big Rigs Are Getting Too Expensive for Trucking Customers

EVs cost double to operate, can travel half as far, and require recharging, which isn’t ideal for an industry operating on thin margins.

2 min read
Photo via Peloton

Consumer

The Private-Equity Takeover Bell Is Tolling for Peloton

At least one PE firm has reportedly spoken with Peloton as it considers going private, but no deal is certain.

1 min read

Industries

DoorDash Scoops up British Rival Deliveroo in Global Push

Photo by Carl Campbell via Unsplash

DoorDash binged Wednesday on British delivery rival Deliveroo, which it is set to acquire in a $3.9 billion deal.

1 min read

Policy & Power

US Gains Ground in Hypersonic Arms Race

Photo via Stratolaunch

The US is breaking past Mach 5 and catching up to China and Russia in futuristic, hypersonic military technology.

2 min read

Industries

Skechers Takes $9 Billion Buyout as Shoe Stocks Skid

Photo by Harrison Keely via CC BY 4.0

Skechers, known for its comfortable and affordable sneakers, agreed to a $9.4 billion deal to be taken private by 3G Capital.

2 min read

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