(Reuters) - Microsoft ( MSFT )-backed OpenAI is planning to restructure its core business into a for-profit benefit corporation no longer controlled by its non-profit board, Reuters reported on Wednesday, even as another senior executive departed. The ChatGPT-maker could be worth $150 billion after the restructuring, and CEO Sam Altman will also receive equity for the first time, the report...

By Maki Shiraki TOKYO (Reuters) - As much as Jun Nagao doesn't like the idea of foreigners scooping up Japanese companies, the former 7-Eleven franchise owner thinks a takeover would bring welcome change to the retail giant where he spent decades. Nagao, who until last year owned a 7-Eleven convenience store in Gunma, north of Tokyo, says years of strategic...

(Reuters) - Jaguar Land Rover (JLR) will invest 500 million pounds ($669.6 million) to support parallel production of electric vehicles at its Halewood facility as part of its electrification strategy, the British luxury carmaker said on Thursday. WHY IT'S IMPORTANT This investment coincides with increasing pressure on carmakers to accelerate electrification, particularly in China, where competition in the EV market...

04:39 PM EDT, 09/25/2024 (MT Newswires) -- Price: 61.55, Change: -0.42, Percent Change: -0.68 ...