OpenAI, the maker of ChatGPT, has a big question to answer. Its value is now a whopping $157 billion, but it's still set up as a nonprofit. A structure change might be on the horizon, experts say. The problem? OpenAI would need to pay fair market value for any assets that move to its for-profit subs
Last week, rumors suggested that Samsung might spin off its contract chip manufacturing business. However, the company's CEO, Jay Y. Lee, has laid these rumors to rest. Speaking to Reuters, Lee confirmed that neither the foundry business nor the logic chip designing business will be spun off. Instea
Tupperware, a well-known name in many homes, is leaving Williamsburg County. The facility, which has been around since the late 1970s, is shutting down for good. This isn't because of their recent bankruptcy filing; instead, it’s part of a new plan to improve customer service and operations. But
The Southeast Asia 500 list has highlighted a significant trend: the region is becoming a major manufacturing hub. The COVID-19 pandemic and geopolitical tensions have sped up this transformation. While financial companies top both the U.S. Fortune 500 and SEA 500 lists, Southeast Asia has more ener
In a surprising turn of events, some employees at QHR Technologies in Kelowna have been let go. The company, which specializes in electronic medical records, was bought by Loblaws in 2016 for a whopping $170 million through its subsidiary Shoppers Drug Mart Inc. This week, the company underwent a ma
There's big news in the tech world! Taiwan Semiconductor Manufacturing Company (TSMC) and US-based Amkor Technologies are teaming up to bring advanced chip packaging technology to America. This is a game-changer, especially for the AI market. TSMC has a massive facility in Arizona that will han
Have you ever wondered why some people love tariffs, while others hate them? It's all about perspective. Tariffs have been around since ancient times and were once a big way for governments to make money. But now, they’re not so popular. Many argue that removing trade barriers helps economies grow a
ASML Holding NV, a semiconductor industry giant, is poised to capitalize on the latest advancements in chip manufacturing. With its cutting-edge extreme ultraviolet (EUV) lithography technology, the company is leading the charge towards smaller, more powerful transistors. To understand why ASML's s
Eli Lilly will spend $4.5 billion to build a center aimed at finding better ways to manufacture its medicines. The facility, called the Lilly Medicine Foundry, will house development of new manufacturing methods with an eye toward efficiency. It's a strategy that's already paying off with Lilly's ob
Artificial intelligence company OpenAI has just wrapped up a funding round, hitting a staggering $157 billion valuation. This milestone is thanks to $6.6 billion from investors like Thrive Capital, Microsoft, Nvidia, and SoftBank. The secret sauce? ChatGPT, launched in late 2022, which has taken gen
