business 
In the Wichita courtroom, Hanes offered his only public reflection on the bank collapse. Wearing a gray suit, he walked up to the lectern, glancing nervously at his former friends in the gallery. “I’m sorry,” he told the judge. Until the very end, he explained, he thought he was involved in a legitimate business deal. … Read more
Humane, the ambitious start-up behind the Ai Pin device that aimed to one day replace smartphones, agreed to sell parts of its business to HP for $116 million, the companies said on Tuesday. HP said it planned to buy Humane’s “A.I. capabilities,” including its software platform, intellectual property, patents and some employees. The Ai Pin … Read more
OpenAI’s board of directors on Friday rejected a $97.4 billion bid by Elon Musk and a consortium of investors to gain control of the artificial intelligence company, deepening a feud between Mr. Musk and OpenAI’s chief executive, Sam Altman. In a statement, Bret Taylor, the chairman of the OpenAI board, said, “OpenAI is not for … Read more
Mira Murati, the former chief technology officer of OpenAI who unexpectedly left the company in September, has helped found a new artificial intelligence start-up called Thinking Machines Lab, adding to the wave of young companies that have been formed in the race to lead A.I. Thinking Machines Lab aims to “make A.I. systems more widely … Read more
Turo, a car rental start-up in San Francisco, has been trying to go public since 2021. But a volatile stock market in early 2022 delayed its listing. Since then, the company has waited for the right moment. Last week, Turo pulled its listing entirely. “Now is not the right time,” Andre Haddad, the company’s chief … Read more
A Senate committee is investigating whether a prominent cryptocurrency investor violated federal tax law to save hundreds of millions of dollars after he moved to Puerto Rico, a popular offshore tax haven, according to a letter reviewed by The New York Times. Senator Ron Wyden, an Oregon Democrat, sent the letter on Jan. 9 to … Read more
Intel, a fallen Silicon Valley icon trying to restore its reputation as America’s most prominent semiconductor company, is working with the Trump administration on a plan to turn over the operation of its chip-making plants to a giant Taiwanese company. Over the past few months, Frank Yeary, the interim executive chairman of Intel, has spoken … Read more
Elon Musk said in a court filing late Wednesday that he would withdraw his $97.4 billion bid to control OpenAI if the company dropped a longstanding effort to change its corporate structure. Mr. Musk and a consortium of investors had offered on Monday to buy the assets of the nonprofit that controls OpenAI, escalating a … Read more
Google has for years used its popular online services to remind users about cultural events, marking its calendar app with occasions such as Black History Month and Women’s History Month. Last week, some users noticed that the popular app was no longer displaying those observances, as well as a litany of others, prompting an online … Read more
OpenAI’s board of directors on Wednesday questioned the rationale of a $97.4 billion bid from Elon Musk and others to gain control of the high-profile artificial intelligence company. On Monday, a consortium of investors led by Mr. Musk offered to buy the assets of the nonprofit that controls the company, escalating a yearslong feud between … Read more