Finance

The Winklevoss brothers’ Gemini surges 64% in its trading debut

The Winklevoss brothers’ Gemini surges 64% in its trading debut

Craig T Fruchtman/Getty Images Gemini Space Station stock soared as much as 42% on Friday. The crypto exchange priced its IPO at $28 a share and raised $425 million. Shares of Klarna a...

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Hedge funder Eric Jackson thinks he has another secret weapon that’ll pump Opendoor stock to the moon: Drake

Hedge funder Eric Jackson thinks he has another secret weapon that’ll pump Opendoor stock to the moon: Drake

Drake performs in Los Angeles in 2016.Scott Dudelson/Getty Images) Hedge fund manager Eric Jackson wants Drake to buy Opendoor stock. He’s been posting videos filmed in front of Dr...

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Elon Musk’s xAI lays off hundreds of workers tasked with training Grok

Elon Musk’s xAI lays off hundreds of workers tasked with training Grok

VINCENT FEURAY/Hans Lucas/AFP via Getty Images XAI laid off about a third of its data annotation team, reducing staff by about 500 workers. The layoffs follow a strategic shift to priori...

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Secretary of Commerce Howard Lutnick says Elon Musk got DOGE ‘backward’

Secretary of Commerce Howard Lutnick says Elon Musk got DOGE ‘backward’

Howard Lutnick criticized Elon Musk’s approach to government efficiency cuts.Carlos Barria/REUTERS Secretary of Commerce Howard Lutnick is now criticizing Elon Musk’s rapid fede...

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Musk’s xAI lays off hundreds of data annotators, Business Insider reports

Musk’s xAI lays off hundreds of data annotators, Business Insider reports

(Reuters) –Elon Musk‘s xAI laid off at least 500 workers from its data annotation team, Business Insider reported on Friday. The company sent out emails Friday night notifying employe...

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OpenAI to share 8% of its revenue with commercial partners, The Information reports

OpenAI to share 8% of its revenue with commercial partners, The Information reports

(Reuters) –OpenAI has projected to share about 8% of its revenue with commercial partners, namely Microsoft, by the end of the decade, down from the current 20%, The Information reported on...

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