Prebiotic soda brand Olipop said Wednesday that it was valued at $1.85 billion in its latest funding round, which raised $50 million for the company. Founded in 2018, Olipop has helped fuel the growth of the prebiotic soda category, along with rival Poppi, which highlighted its drinks with a Super Bowl ad on Sunday. Both have attracted consumers with their claims that ...
The U.S. is facing a power capacity crisis as the tech sector races against China to achieve dominance in artificial intelligence, an executive leading the energy strategy of Alphabet’s Google unit said this week. The emergence of China’s DeepSeek artificial intelligence firm sent the shares of major power companies tumbling in late January on speculation that its AI model is cheaper and ...
Elon Musk is leading a group of investors in offering to buy control of OpenAI for $97.4 billion, The Wall Street Journal reported on Monday. The bid is for the nonprofit that oversees the artificial intelligence startup, the Journal reported, adding that Musk’s attorney, Marc Toberoff, said he submitted the offer on Monday. The WSJ cited a statement from Musk provided by ...
Shares of GameStop and MicroStrategy were on the rise Monday after Ryan Cohen, CEO of the video game retailer, posted a photo with Michael Saylor, co-founder and chairman of the largest corporate holder of bitcoin. GameStop, day traders’ favorite meme stock, climbed more than 7%, while MicroStrategy, which recently rebranded as “Strategy,” saw shares rising as much as 4%. Cohen uploaded the photo over ...
McDonald’s on Monday reported disappointing quarterly revenue, dragged down by weaker-than-expected sales at its U.S. restaurants following an E. coli outbreak just weeks into the quarter. But shares of the company rose more than 4% in morning trading as executives predicted sales would improve in 2025. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of ...
McDonald’s on Monday reported disappointing quarterly revenue, dragged down by weaker-than-expected sales at its U.S. restaurants following an E. coli outbreak just weeks into the quarter. But shares of the company rose more than 4% in morning trading as executives predicted sales would improve in 2025. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of ...
Advertisers shelled out up to $8 million for a spot during Super Bowl 59. Ad industry executives still consider the price tag worth it, and argue it’s even a bang for their buck. The NFL’s championship game between the Philadelphia Eagles and Kansas City Chiefs will air this year on Fox Corp.’s broadcast network, as well as on Fox’s free streamer Tubi. It’ll likely be the ...
With a Grammy win for best new artist, Chappell Roan is at a career high. A few years ago, she was one of the millions of Americans without a job or health insurance. “I told myself that if I ever won a Grammy and got to stand up here in front of the most powerful people in music, I would demand that labels, ...
OpenAI said on Thursday that the company is considering building data center campuses in 16 states that have indicated “real interest” in the project, which is linked to President Donald Trump’s Stargate plans. On a call with reporters, OpenAI executives said it sent out a request for proposals (RFP) to states less than a week ago. “A project of this ...
New Orleans is preparing for an estimated 125,000 visitors and a presidential visit during the weekend of Super Bowl 59, as the reigning champion Kansas City Chiefs take on the Philadelphia Eagles at the Caesars Superdome. Local businesses are ready, and hotel demand is surging. Tripadvisor said demand for hotel rooms in New Orleans surged 637% this week as fans of ...