Business News

Business

US AI Technology Exploited by Chinese and Iranian Hackers for Global Cyberattacks

Hackers linked to Beijing, Tehran, and other governments are using US-developed AI technologies to enhance global cyberattacks, including against the US, as reported by The Wall St...

Business

How DeepSeek's Affordable AI Models Could Fuel a Surge in AI Chip Demand, Says ASML CEO

ASML CEO Christophe Fouquet discusses how affordable AI models like DeepSeek R1 could expand AI applications and increase demand for AI chips, despite initial assumptions of reduce...

Business

Spirit Airlines Declines Frontier's Merger Offer, Prioritizes Stakeholder Value

Spirit Airlines rejects Frontier's merger offer, citing insufficient benefits for stakeholders. The airline is focused on its restructuring plan, aiming to exit bankruptcy by early...

Business

Mitsubishi Electric Aims to Revolutionize China's Factory Robot Supply Chain by 2026

Mitsubishi Electric Corporation plans to strengthen its factory robot supply chain in China by collaborating with local businesses and forming partnerships with Chinese firms, aimi...

Business

Alibaba's Qwen 2.5-Max AI Model Outperforms Competitors, Including GPT-4o and DeepSeek

Alibaba introduces the Qwen 2.5-Max AI model, claiming superiority over DeepSeek-V3, GPT-4o, and Llama-3.1-405B. This development reflects the intensifying competition in the AI se...

Business

RTX Corporation Reports a 9% Surge in Q4 Sales, Reaching $21.6 Billion

RTX Corporation reports a 9% increase in Q4 sales to $21.6 billion, surpassing analyst expectations. Despite a decrease in operating cash flow, the company remains optimistic about...

Business

General Motors Surpasses Expectations with an 11% Revenue Surge to $47.7B in Q4

General Motors announced an 11% increase in Q4 revenue to $47.7 billion, exceeding forecasts. Despite a net loss, adjusted EPS rose by 54.8%. The company also provided a positive o...

Business

Boeing's $11.8 Billion Annual Loss Marks Its Largest Deficit Since 2020

Boeing Co. faces its largest annual net loss since 2020, with a $11.8 billion deficit for 2024, driven by labor disputes, defense program charges, and operational inefficiencies. C...