Americas - CybAI news

16 Aug

Amazon’s Payment Delay Warning Stirs Panic Among Flex Drivers

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Amazon.com Inc. warned Flex drivers who deliver packages in their own vehicles that payments they were supposed to receive Thursday “may be delayed,” according to correspondence reviewed by Bloomberg, stirring panic among drivers who are used to prompt payment after completing a route.The Amazon message doesn’t explain the problem or say when it could be resolved, adding to the concerns. Source link lol

16 Aug

Medical Device Maker Nova Biomedical Is Exploring a Sale

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Nova Biomedical is exploring a potential sale that could value it at more than $2 billion, people with knowledge of the matter said. The privately-held medical device maker is working with advisers to gauge interest from potential buyers, the people said, asking not to be identified discussing confidential information. Source link lol

16 Aug

Pfizer, BioNTech Covid-Flu Combination Shot Misses on Trial Goal

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A combination Covid-flu vaccination developed by Pfizer Inc. and BioNTech SE missed on one of its goals in a final-stage trial, a disappointment for the companies trying to make further use of the technology that succeeded in the pandemic. The vaccine failed to show it was at least as effective as a standard shot in generating an immune response against the influenza B strain, the companies said in a statementBloomberg Terminal Friday. The shot performed better with influenza A and Covid and were comparable to other vaccinations in the trial. Source link lol

15 Aug

Edgar Bronfman to Prepare an Offer for Paramount Global

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Seagram Co. heir Edgar Bronfman Jr. is close to making an offer for Paramount Global that would compete with an accepted bid from Skydance Media, according to people familiar with his plans.Bronfman is considering an offer for National Amusements, the Redstone family company that controls Paramount, as well as an investment in Paramount itself, according to one of the people, who asked not to be identified discussing plans that aren’t public. The structure is still being worked on. Source link lol

14 Aug

Hon Hai Shipments of Next-Gen Nvidia Chips to Be Limited in 2024

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Hon Hai Precision Industry Co. will only start shipping a small volume of servers containing Nvidia Corp.’s next-generation chips in the fourth quarter, signaling the challenges the US AI accelerator designer faces in speeding up its innovation.Hon Hai’s shipments of servers containing GB200, or a Grace processor bundled with an upcoming Blackwell graphic processing unit, will grow significantly only in the first quarter of 2025, company spokesman James Wu told analysts in a conference call on Wednesday. The Taiwanese manufacturer will be one of the first server makers to ship gear containing GB200 chips, Wu added. Source link lol

13 Aug

Nubank Posts Record Revenue, Profit While Boosting Credit

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Nu Holdings Ltd., one of the world’s largest digital banks, beat analyst estimates in the second-quarter while posting record revenue and profit despite headwinds from weaker local currencies in Latin America.Nubank, as the company is known, recorded $2.8 billion in revenue in the quarter through June 30 compared with a median estimate of $2.66 billion in a Bloomberg survey. Net income more than doubled from a year earlier to $487 million, surpassing analyst expectations of $418 million. Source link lol

12 Aug

Trump Returns to X With Several Posts Ahead of Musk Interview

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Former President Donald Trump posted several times on X, the social network formerly known as Twitter, after more than three years of virtual silence on the platform as he gears up for an interview with owner Elon Musk. Trump, who posted on Twitter at all hours during his presidency, was banned for life from the network following his role in encouraging rioters at the US Capitol on Jan. 6, 2021. After Musk purchased Twitter in late 2022, later renaming it X, he reinstated Trump’s account. But the former president had posted just once since then — a photo of his…

10 Aug

Ex-Twitter Chairman Sues Elon Musk’s X for $20 Million in Shares

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Former Twitter Chairman Omid Kordestani sued the social media company, claiming that billionaire owner Elon Musk is refusing to cash out more than $20 million worth of shares he is owed.Kordestani served as the company’s executive chairman from 2015 to 2020 and stayed on the board for two more years, until Musk bought the platform for $44 billion. He said in the complaint that the bulk of his compensation was stock, which he says Musk is refusing to pay out. Source link lol

09 Aug

Intel Scraps Innovation Expo as Cash-Strapped Company Makes Cuts

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Intel Corp., which is cutting jobs and costs to preserve its shrinking cash pile, postponed an Innovation event that had been scheduled for next month in San Jose, California. The chipmaker plans to focus on other gatherings, such as webinars, hackathons and the Intel AI Summit, in lieu of the Innovation conference, the company said Friday in an emailed statement. Source link lol

09 Aug

Uganda to Cede 60% in State-Owned Telecom Operator UTel to Rowad

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Uganda expects Rowad Capital Commercial LLC to invest an initial $225 million in its state-run telecommunications operator and take up a majority stake once ongoing talks are concluded.Dubai-based RCC will acquire 60% shareholding in Uganda Telecommunication Corp., or UTel, according to Aminah Zawedde, permanent secretary in the information communication technology ministry. She didn’t comment on whether the investment includes a purchase price for the stake. Source link lol