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, reached an estimated 100 million monthly active users in January, just two months after launch. Wednesday. The report, citing data from analytics firm Compareweb, said that in January, an average of about 13 million unique visitors per day had used ChatGPT, more than double the December level. … Read more

Adani market losses snowball to $100 billion in delayed share sale

Adani market losses snowball to 0 billion in delayed share sale

NEW DELHI, Feb. 2 (Reuters) – Indian shares of the Adani group fell on Thursday after market turmoil forced the conglomerate to scrap a crucial $2.5 billion equity offer, extending market losses to more than $ 100 billion and concerns arose about the possible systemic impact. The pullback of the share sale of Adani Enterprises … Read more

Honda is starting production of a new hydrogen fuel cell system, co-developed with GM

Honda is starting production of a new hydrogen fuel cell system, co-developed with GM

TOKYO, Feb. 2 (Reuters) – Japan’s Honda Motor Co (7267.T) said it will begin production this year of a new hydrogen fuel cell system jointly developed with General Motors Co (GM.N) and sell will gradually ramp up this decade, in an effort to expand its hydrogen business. Honda is targeting annual sales of about 2,000 … Read more

Airbus and Qatar Airways settle bitter A350 jet row

Airbus and Qatar Airways settle bitter A350 jet row

PARIS, Feb. 1 (Reuters) – Airbus (AIR.PA) and Qatar Airways have settled a dispute over stranded A350 jets, the companies said on Wednesday, avoiding a potentially damaging lawsuit in the UK after a blistering 18-month feud which ripped the lid off the global jet market. The “amicable and mutually acceptable settlement” ends a $2 billion … Read more

Hindenburg bet against India’s Adani puzzles against US short sellers

Hindenburg bet against India’s Adani puzzles against US short sellers

Feb.1 (Reuters) – When Hindenburg Research revealed a short position in Adani Group last week, some US investors said they were intrigued by the actual mechanisms of the trade, as Indian securities rules make it difficult for foreigners to bet against companies there. Hindenburg’s bet has been lucrative so far. The allegations, which the Indian … Read more

Wall Street is recovering as Fed’s Powell nods to slowing inflation after rate hike

Wall Street is recovering as Fed’s Powell nods to slowing inflation after rate hike

The Federal Reserve raises interest rates by 25 basis points Powell says disinflation has begun for the first time Indexes up: Dow 0.02%, S&P 1.05%, Nasdaq 2% Feb.1 (Reuters) – The S&P 500 and Nasdaq closed sharply higher on Wednesday after Federal Reserve Chairman Jerome Powell acknowledged that inflation had begun to ease, in comments … Read more

Exclusive: EV maker Rivian cuts 6% of jobs amid price war – internal memo

Exclusive: EV maker Rivian cuts 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 EV maker, already struggling with declining cash reserves and a weak economy, braces itself for an industry-wide price war. The company is focusing its resources on ramping up vehicle production and … Read more

Adani waives $2.5 billion share sale as major blow to Indian tycoon

Adani waives .5 billion share sale as major blow to Indian tycoon

NEW DELHI, Feb. 1 (Reuters) – Flagship Gautam Adani called off its $2.5 billion share sale on Wednesday in a dramatic turnaround as a defeat sparked by the criticism of a US short-seller saw billions more of its value of the Indian magnate’s shares wiped out. The withdrawal of the Adani Enterprises (ADEL.NS) share offering … Read more

White House blasts Exxon over historic $56 billion annual profit

White House blasts Exxon over historic  billion annual profit

WASHINGTON, Jan. 31 (Reuters) – The White House on Tuesday expressed its outrage over Exxon Mobil Corp’s record 2022 net profit of $56 billion, a historic high not only for the company but for the entire Western oil industry. The major oil companies are expected to break their own annual records due to high prices … Read more

Ukraine raids the home of a billionaire while fighting wartime corruption

Ukraine raids the home of a billionaire while fighting wartime corruption

Security services conduct sweeping raids ahead of the EU summit Homes of billionaire former interior minister searched New US weapons would nearly double Ukraine’s range Ukrainian soldier says fighting Russian troops in Bakhmut KYIV, Feb. 1 (Reuters) – Security forces searched the home of one of Ukraine’s most prominent billionaires on Wednesday, opposing a figure … Read more