Tag: companies

A first generation iPhone going up for auction hopes to fetch $50,000

New York CNN — An unopened first-generation iPhone from 2007 is hitting the auction block Thursday – with an estimated value of $50,000. Originally on sale for $599, the first iPhone offered early Apple adopters a 3.5-inch screen with a 2-megapixel camera, plus 4 GB and 8 GB storage options, internet capabilities and iTunes. It …

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ChatGPT creator launches subscription service for viral AI chatbot

CNN — OpenAI, the company behind ChatGPT, announced on Wednesday it is piloting a $20 monthly subscription plan that offers users priority access to the AI ​​chatbot even during peak times. The paid plan, called ChatGPT Plus, comes two months after the tool was released publicly and quickly went viral, thanks to its ability to …

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Sam Bankman-Fried’s bail is tightened over ‘threat’ of witness tampering

New York CNN — Sam Bankman-Fried is in trouble, once again, for talking too much. A federal judge on Wednesday temporarily tightened the FTX founder’s bail conditions after learning that Bankman-Fried sent a text message to a former top executive of the crypto trading platform. The judge said that appeared to be a “material threat …

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Samsung earnings: 2022 Q4 profits sink to 8-year low as smartphone and PC demand drops

Hong Kong CNN — Samsung’s quarterly profits have plunged to their lowest level in eight years as customers snapped up fewer cell phones and laptops. The tech giant reported an operating profit of 4.3 trillion Korean won ($3.5 billion) on Tuesday for the three months ended December, down 69% from a year ago. Revenue fell …

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Mustang Mach-E: Ford drops the price of its Tesla competitor

CNN — Ford is boosting production of its popular Mustang Mach-E electric SUV and dropping its sticker price weeks after Tesla dropped prices of its vehicles. The move represents a substantial roll-back of price hikes Ford announced last summer on the 2023 models – but buyers may still be paying somewhat more than before the …

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Top biopharma firms added 5.4% to market cap in 2022

The world’s leading biopharma companies experienced growth in market capitalization of 5.4% on average last year, according to industry analyst GlobalData. The total market cap of the leading 20 companies now exceeds $3.6 trillion. More than half of these firms reported an increase in market cap from the year before, with 11 achieving double-digit growth, …

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‘GMA3’ anchors Amy Robach and TJ Holmes expected to depart ABC after reported romantic relationship, source says

New York CNN — TJ Holmes and Amy Robach, the anchors of the third hour of ABC’s flagship morning show “Good Morning America,” are in the final stages of negotiating an exit from the network after photos surfaced last year of the pair engaged in an apparent romantic relationship, a person familiar with the matter …

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FTX creditors include Goldman Sachs, New York Times and Netflix

New York CNN — Newly unsealed bankruptcy documents revealed thousands of creditors to whom FTX owes money after the once-mighty crypto exchange collapsed in November. Wall Street heavyweights including Goldman Sachs and JPMorgan were named in the creditor list, which includes businesses, charities, individuals and other entities in a 116-page document filed late Wednesday. FTX …

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