Companies are taking baby steps when it comes to using artificial intelligence (AI) in satellite manufacturing. Blue Canyon Technologies, for instance, is keen on understanding how AI can boost production without compromising cybersecurity. "Where does your data go when you're teaching an AI system?
HSBC has made a big change. They've picked Pam Kaur to be their first female Chief Financial Officer (CFO). This is a big deal for the bank, as it's been a while since they made such a significant leadership switch. Pam will start her new job on January 1st, taking over from Jon Bingham who was temp
Microsoft and OpenAI are in a race against time to determine how much equity the tech giant will get once the AI startup turns into a for-profit company. According to The Wall Street Journal, both companies have mobilized investment banks to negotiate this multibillion-dollar deal. Microsoft has pum
CVS Health has named David Joyner as its new CEO, filling the shoes of Karen Lynch who stepped down after an agreement with the board. Joyner, previously the vice president of CVS Health and president of CVS Caremark, will also join the board. The company believes Joyner's deep understanding of thei
Let's take a look at what's been happening in the biotech world today. Sage Therapeutics is cutting its workforce by a third and changing its leadership. Why? Recent clinical trial failures have likely played a role. Over in Australia, regulators have rejected Eisai and Biogen's Alzheimer's drug, L
Taiwan Semiconductor Manufacturing Company, or TSMC, just revealed a massive 54% increase in profits for the third quarter. This huge jump is largely thanks to the booming demand for AI-powered chips. The company's net income hit a whopping 352.3 billion Taiwanese dollars, which is roughly $10.1 bil
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
