News

Alphabet's Revenue Growth Accelerates as AI Investment Pays Off

Google parent Alphabet beats Wall Street revenue targets with 15% growth, driven by strong growth in core businesses and AI investments.

David Canellis | October 30th, 2024

OpenAI's Chip Venture: A Game-Changer For Processing Demands?

OpenAI is collaborating with Broadcom and TSMC to build its own in-house chip, diversifying its supply chain to control infrastructure costs and meet the immense computational needs of AI, amid soaring processing demands.

Ben Strack | October 30th, 2024

Reddit Sees Record High After Strong Quarterly Forecast

Reddit Inc. shares surge 22% after strong holiday-quarter forecast beats analyst expectations, with sales reaching $348.4 million and first-time profitability since going public.

Macauley Peterson | October 30th, 2024

Novo's Main Ozempic Plant Faces FDA Action Over Quality Concerns

Novo Nordisk's Kalundborg plant in Denmark was cited for quality lapses by FDA due to lack of information on controlled water use for certain microorganisms, affecting Ozempic and Wegovy production.

Katherine Ross | October 30th, 2024

Goldman Signals Calm Amid US Vote Delay Jitters

Goldman Sachs says investors are overestimating the risk of market uncertainty due to delayed US presidential election results, predicting financial markets will reflect the likely outcome on election night or early the next morning.

Jack Kubinec | October 30th, 2024