A federal jury dismissed Elon Musk's lawsuit against OpenAI on a technicality, ruling that Musk filed too late under the statute of limitations. The case involved allegations that OpenAI violated its nonprofit origins by shifting to a for-profit model and accepting billions from Microsoft, but the jury did not address these claims. This dismissal removes legal obstacles for OpenAI's planned IPO, potentially the largest tech IPO ever, targeted for late 2026 or 2027. Despite strong revenue growth, OpenAI faces challenges with high spending and delayed profitability expected by 2030, which investors will need to consider.
Keysight Technologies reported Q2 earnings of $2.87 per share, surpassing analyst estimates of $2.32, with revenue up 31% year-over-year to $1.72 billion. The company saw a 56% increase in orders, driven by strong demand in AI-related businesses, sem...
Red Cat Holdings has acquired Quaze Technologies, a company specializing in wireless power transfer for unmanned systems. This acquisition addresses a key challenge in robotic autonomy by enabling autonomous recharging without manual battery swaps or...
The 2026 Global Water Awards were announced on May 19 during the Global Water Summit, recognizing top companies and projects in water technology and sustainability. New categories included AI Project of the Year and separate awards for industrial and...
The global in-flight retail and advertising market is projected to grow from $3.4 billion in 2025 to $5.9 billion by 2032, with an 8.2% CAGR. Growth is fueled by technological advances such as AI-driven personalized ads, mobile shopping, and augmente...
Mediterranean fast-casual chain CAVA reported first-quarter revenue of $438.27 million and adjusted earnings of 20 cents per share, both surpassing analyst expectations. The company improved food and packaging costs and saw a 9.7% increase in same-st...
