It’s not every day that the most talked-about company in the world sets itself on fire. Yet that seems to be what happened Friday, when OpenAI’s board announced that it had terminated its chief executive, Sam Altman, because he had not been “consistently candid in his communications with the board.” In corporate-speak, those are fighting…

President Bukele is celebrating as his $120m Bitcoin reserve is finally in the black – but economists are not.

After years of secrecy, the B-21 Raider emerged from its Palmdale hangar Friday morning and took its first flight, soaring through the sky and giving plane enthusiasts, contractor employees and the public its first glimpse of the futuristic-looking bomber in air. The B-21 bomber, which is being built by Northrop Grumman Corp., took off from…

Lazada is the third-largest e-commerce player in Indonesia, after Sea Limited’s Shopee and Tokopedia, according to Momentum Works. Matt Hunt | Lightrocket | Getty Images SINGAPORE — Alibaba-owned Lazada began its latest round of layoffs on Wednesday, a person with direct knowledge of the matter told CNBC, following a slew of media reports about cuts…

The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing. The incentives include $90 million to improve a plant in Colorado Springs, Colorado, and $72 million to expand a factory in…

Comment on this storyComment Add to your saved stories Save As 2024 gets rolling, companies are still cutting costs, with Google and Amazon being the latest big company to do layoffs. The near future could bring more. “We saw a big surge of hiring … when people went online in 2020,” said Brett House, professor…