ChatGPT sets record for fastest growing user base – analyst note

ChatGPT sets record for fastest growing user base – analyst note

Feb 1 (Reuters) – ChatGPT, OpenAI’s popular chatbot, is estimated to have reached 100 million monthly active users in January, just two months after its launch, making it the fastest-growing consumer app the fastest in history, according to a UBS study on Wednesday. The report, citing data from analytics firm Similarweb, says around 13 million … Read more

Adani market losses snowball to $100 billion on stock sale suspended

Adani market losses snowball to 0 billion on stock sale suspended

NEW DELHI, Feb 2 (Reuters) – Shares of Indian group Adani fell on Thursday after market turmoil forced the conglomerate to scrap a crucial $2.5 billion share offering, deepening its market losses to over $100 billion and raising concerns about the potential systemic impact. The withdrawal from the sale of Adani Enterprises (ADEL.NS) shares marked … Read more

Honda will start producing a new hydrogen fuel cell system co-developed with GM

Honda will start producing a new hydrogen fuel cell system co-developed with GM

TOKYO, Feb 2 (Reuters) – Japan’s Honda Motor Co (7267.T) said it would start producing a new hydrogen fuel cell system jointly developed with General Motors Co (GM.N) this year and increase gradually its sales this decade, into an offer to develop its hydrogen activity. Honda will target annual sales of around 2,000 units of … Read more

Airbus and Qatar Airways settle bitter dispute over A350s

Airbus and Qatar Airways settle bitter dispute over A350s

PARIS, Feb 1 (Reuters) – Airbus (AIR.PA) and Qatar Airways have settled a dispute over grounded A350 planes, the airlines said on Wednesday, avoiding a potentially damaging lawsuit in the UK after an 18-year dispute. month that tore the lid. out of the global jet aircraft market. The “amicable and mutually acceptable settlement” ends a … Read more

Hindenburg bet against Indian Adani intrigues rival US short sellers

Hindenburg bet against Indian Adani intrigues rival US short sellers

Feb 1 (Reuters) – When Hindenburg Research disclosed a short position in Adani Group last week, some U.S. investors said they were intrigued by the actual mechanics of its trading because Indian securities rules make it difficult for foreigners to bet against companies there. Hindenburg’s bet has been lucrative so far. His allegations, which the … Read more

Wall Street rallies as Fed chief Powell speaks after rate hike

Wall Street rallies as Fed chief Powell speaks after rate hike

Feb 1 (Reuters) – The S&P 500 and Nasdaq rallied to higher closes on Wednesday after Federal Reserve Chairman Jerome Powell acknowledged that inflation was starting to subside after a U.S. rate hike. a quarter point by the US central bank, which issued a statement that it expects “continued increases”. Wall Street’s major indexes lost … Read more

Ukraine raids billionaire’s home in wartime anti-corruption drive

Ukraine raids billionaire’s home in wartime anti-corruption drive

Security services carry out extensive raids ahead of EU summit Homes of billionaire and former interior minister raided New US weapons would nearly double Ukraine’s range Fierce fighting relentlessly in eastern Ukraine KYIV, Feb 1 (Reuters) – Security services raided the home of one of Ukraine’s most prominent billionaires on Wednesday against a figure once … Read more

Adani drops $2.5bn share sale in blow to Indian tycoon

Adani drops .5bn share sale in blow to Indian tycoon

NEW DELHI, Feb 1 (Reuters) – Gautam Adani’s flagship company on Wednesday called off its $2.5 billion share sale in a dramatic reversal as the rout sparked by criticism from a U.S. short seller erased billions more of the value of the Indian tycoon’s shares. The withdrawal of the Adani Enterprises (ADEL.NS) stock offering marks … Read more

Exclusive: Electric vehicle maker Rivian to cut 6% of jobs amid price war – internal memo

Exclusive: Electric vehicle maker Rivian to cut 6% of jobs amid price war – internal memo

SAN FRANCISCO, Feb 1 (Reuters) – Rivian Automotive (RIVN.O) is laying off 6% of its workforce in a bid to cut costs as the electric vehicle maker, already struggling with dwindling cash reserves and an economy weak, is preparing for a full-scale industry-price war. The company is focusing its resources on ramping up vehicle production … Read more

White House slams Exxon for historic $56 billion annual profit

White House slams Exxon for historic  billion annual profit

WASHINGTON, Jan 31 (Reuters) – The White House on Tuesday expressed outrage at Exxon Mobil Corp’s record 2022 net profit of $56 billion, an all-time high not just for the company but for the entire western oil industry. The oil majors are expected to beat their own annual records due to high prices and rising … Read more