The easiest way to understand crypto used to be to look at Bitcoin.

When the world’s largest cryptocurrency rose, money flooded into startups, venture funds, exchanges and thousands of speculative tokens. When it crashed, businesses disappeared, funding dried up and activity slowed across the industry. Bitcoin wasn’t merely the biggest ...Read more

OpenAI, the maker of ChatGPT, filed confidentially for an IPO, joining artificial intelligence rivals in tapping public markets to fund ambitious growth plans.

The Sam Altman-led firm submitted paperwork for an initial public offering with the U.S. Securities and Exchange Commission, the company said Monday. OpenAI is working with Goldman Sachs...Read more

Elon Musk unveiled a more detailed look at an initial version of an AI data center satellite SpaceX plans to build, providing fresh insight into the ambitious project driving the company’s highly anticipated initial public offering.

During a 30-minute video shared on his social media website X, SpaceX’s chief executive officer laid out his ...Read more

Musicians have been left out of settlements between major record labels and AI companies, a new lawsuit alleges.

The American Federation of Musicians of the United States and Canada (AFM), which has 70,000 members, said Universal Music Group and Warner Music Group "received significant compensation" from the AI companies for past copyright ...Read more

The maker of Jeep is recalling more than 1 million of its best-selling models for potential electrical issues that could cause vehicle fires, the company said Monday.

Stellantis NV is asking owners of an estimated 1,076,999 Wranglers and Gladiators to park their vehicles outside and away from buildings and other vehicles while it works on a fix...Read more

Costco seared consumer claims made in a lawsuit about alleged preservatives in its popular $5 rotisserie chicken, according to a recent legal filing.

Two Costco customers in California argued in a proposed class action complaint filed in January that the Kirkland Signature Seasoned Rotisserie Chicken contains preservatives carrageenan and ...Read more

Apple on Monday unveiled a new version of its virtual assistant Siri, to take on its artificial intelligence-powered rivals such as OpenAI's ChatGPT and Google's Gemini.

The California smartphone maker has lagged behind its competitors in the AI race as tech companies pour hundreds of billions of dollars into advancing their chatbots and ...Read more

As aldermen weigh a long-shot chance of reworking Chicago’s infamous parking meter deal, some are citing one firm point.

“The worst-case scenario is the status quo,” Ald. Walter “Red” Burnett, 27th Ward, said.

But they are hoping to do better than that.

Several council members are attempting to find ways to force Stonepeak Partners,...Read more

Texas has dethroned California as the state with the most Fortune 500 companies.

The Fortune 500 list ranks the largest U.S. companies by revenue. This year, 57 of the top companies are headquartered in Texas, compared with California's 56. It's a reversal from two years ago when the Golden State had the pole position.

The Lone Star State was ...Read more

Daniel Chi is on a couple of missions.

One, the chair of the Department of Finance at UNLV’s Lee Business School wants to increase financial literacy across Nevada. A recent study found that Nevada has the highest rate of credit card delinquencies and one of the highest overall debt burdens of any state.

About 3,000 students were taught ...Read more

Paramount Skydance Corp. is prepared — if necessary — to divest some children’s TV network assets to help win European Union approval of its $110 billion bid for Warner Bros. Discovery Inc.

While Paramount is hoping to avoid selling off anything, it’s open to sacrificing kids channels if the EU raises red flags over overlaps that pose a...Read more

The state of California is leading an effort to prepare a possible lawsuit that could thwart Paramount Skydance Corp.'s planned acquisition of Warner Bros. Discovery, a potential obstacle for the $111 billion deal.

The lawsuit, which could be filed as early as this month, would likely involve multiple states, according to a source familiar ...Read more

Two proposed multibillion-dollar gaming deals announced less than a week apart would put 17 Las Vegas Strip casino resorts under new ownership, prompting questions about whether the transactions will affect tens of thousands of employees who work for Caesars Entertainment Inc. and MGM Resorts International in Southern Nevada.

Combined, Caesars ...Read more

Negotiators for striking United Auto Workers members and automotive supplier Dauch Corp. remain at odds in contract talks, the union said Friday.

"Welcome to another day of bargaining with a company that doesn't listen for s***," said Josh Jager, bargaining chair for UAW Local 2093, in a video posted to social media.

He added: "We will ...Read more

The top lawyers for several states are drafting a legal challenge to Paramount Skydance Corp.’s $110 billion deal to buy Warner Bros. Discovery Inc., laying the groundwork for an antitrust suit over the Hollywood mega-deal.

After investigating for months whether the transaction would harm competition, senior officials in about 10 states have ...Read more

The Super Bowl at Santa Clara’s Levi’s Stadium in February is estimated to have injected about $720 million into the Bay Area economy, according to new analysis released by the nonprofit that helped bring the Big Game to the region.

“Super Bowl LX was truly a transformational event for the Bay Area,” Zaileen Janmohamed, president and ...Read more

President Donald Trump expressed interest in the U.S. government holding equity stakes in leading artificial intelligence developers, saying that he planned to discuss the idea of a partnership with AI companies’ executives as soon as next week.

“There are concepts where pieces could be given to the American public, where the American ...Read more

The U.S. labor market is back on its feet, strong employment data showed Friday, stoking concerns of another inflation sting and bolstering arguments from some Federal Reserve officials that they may need to raise interest rates later this year.

For newly installed Fed Chairman Kevin Warsh, the changing outlook is an early test of his ability ...Read more