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What ChatGPT maker OpenAI's IPO plans mean for the future

Business / Business News /

OpenAI, the creator of ChatGPT, filed confidentially for a public listing on Monday, following a similar filing by rival Anthropic last week, as AI developers compete to cash in on surging investor interest in artificial intelligence.

It is the first step to start gauging investor interest in what would probably be one of the biggest IPOs in ...Read more

Henry Payne, The Detroit News/The Detroit News/TNS

Rivian begins deliveries of cheaper electric vehicles

Business / Business News /

Electric-vehicle maker Rivian began delivery of a cheaper SUV on Tuesday as it aims to take customers from Tesla and others.

The long-anticipated R2, which will eventually be available for less than $45,000, could help boost the market share of the Irvine company better known for vehicles priced around $77,000.

The first R2s to roll off the ...Read more

Seasats/Seasats/TNS

Autonomous boats launched from San Diego by this local startup track Chinese ghost fleets

Business / Business News /

Buoyed in the Pacific, small sea vessels have traveled autonomously from San Diego shores to locate Chinese ghost fleets in Taiwanese waters.

These small skiffs, created by San Diego-based startup Seasats, are vital to reconnaissance, intelligence, and surveillance missions at sea. In the middle of the ocean, dependable internet is hard to come...Read more

Aaron Lavinsky/Minnesota Star Tribune/TNS

AI-powered smartwatch can predict child temper tantrums

Business / Business News /

Mayo Clinic is developing a smartwatch app that can head off or shorten temper tantrums by monitoring children for clinically meaningful changes in heart rate and restlessness.

Researchers recently found the smartwatches could cut the length of tantrums in half by using biometric data to identify agitated children and alert parents to step in. ...Read more

Phil Velasquez/Chicago Tribune/TNS

More than 92,000 Illinois consumers lost or dropped Obamacare health insurance in recent months

Business / Business News /

More than 92,000 Illinois consumers lost or dropped their Affordable Care Act health insurance in recent months — an unusually large number — following the expiration of generous tax credits that had helped to curb the plans’ costs.

Initially, 448,568 Illinois residents enrolled in health insurance plans sold on the state’s exchange, ...Read more

World's hottest space stock posts rally that dwarfs all rivals

Business / Business News /

Of all the wild rallies in space stocks this year, none has been greater than that of a little-known company that manufactures satellites in the outskirts of Uruguay’s capital city.

Shares of Satellogic Inc., which counts former U.S. Treasury Secretary Steven Mnuchin as its board chairman and a major investor, are up more than 200% this year,...Read more

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Boeing must fix refueling tanker before Air Force buys more

Business / Business News /

The Boeing Co. needs to fix a lingering defect with its aerial refueling tankers before the U.S. Air Force buys dozens of pricier versions of an aircraft that’s crucial for long-range military missions, according to budget and service documents.

Before it places an order for 75 more expensive KC-46 Pegasus tankers, the Air Force wants Boeing ...Read more

Meg McLaughlin/The San Diego Union-Tribune/TNS

Costco sees record demand for gas since Middle East war

Business / Business News /

As war in the Middle East pushes up fuel prices, Costco is seeing more demand than ever for its discounted gas.

In the third fiscal quarter, which runs from mid-February to mid-May, Costco said its gas sales set successive records, with the final five weeks of the quarter being the highest in the company’s 50-year history.

Costco stations ...Read more

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Evan Ramstad: Here's why SpaceX is 100 times more valuable than General Mills

Business / Business News /

Elon Musk’s rocket company SpaceX will go public this week in what is expected to be the largest initial offering of stock ever.

Financially, the IPO also looks like one of the craziest ever.

Most companies turn to the public market when they are much smaller. But SpaceX is coming out when it has $18.7 billion in revenue, and working from ...Read more

Steve Fecht/General Motors/TNS

General Motors taps new battery tech to help power data centers

Business / Business News /

General Motors Co. on Tuesday announced it is developing a lower-cost way to store energy to be used by massive AI-powering data centers.

GM developers are working on sodium-ion battery chemistry at the Detroit automaker's Wallace Battery Cell Innovation Center in Warren, Michigan, GM Vice President of Battery and Sustainability Kurt Kelty said...Read more

Clarence Tabb Jr./The Detroit News/TNS

Major auto parts maker open to assembling Chinese vehicles in Canada

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Major global automotive supplier Magna International is open to putting together Chinese vehicles in Canada, if plans are long term, the CEO said Tuesday.

Asked about whether Canada-headquartered Magna would consider assembling Chinese vehicles in its home country, CEO Swamy Kotagiri told The Detroit News that the supplier is open to partnering...Read more

Richard Tribou/Orlando Sentinel/TNS

Victims of 'video voyeur' on ship can't be forced into arbitration, judge rules

Business / Business News /

In April, possible victims of a cruise ship crew member who planted a hidden camera to watch a young girl undress in her cabin obtained a significant legal victory in Fort Lauderdale federal court.

That ruling has now been upheld in the long, ongoing judicial process, giving them a second win.

On April 22, U.S. Magistrate Judge Detra Shaw-...Read more

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Apple WWDC 2026 recap: What's coming to iPhone, Mac and other devices

Business / Business News /

Apple Inc. unveiled a new artificial intelligence strategy on Monday at its annual Worldwide Developers Conference, aiming to provide practical improvements and features that the company believes everyday consumers will actually use.

At its headquarters in Cupertino, California, the iPhone maker delivered an information-packed keynote in just ...Read more

Kayla Bartkowski/Los Angeles Times/TNS

This new law could create a million new apartments and condominiums in California

Business / Business News /

A new state law that allows denser housing development near major transit stops goes into effect in July, opening the door to construction of more than 1 million new units in California's urban centers.

The law forces cities to approve taller apartment and condominium complexes around rail stops, ferry terminals and rapid transit bus stops, ...Read more

Henry Payne, The Detroit News/The Detroit News/TNS

Foreign policies shape how automakers compete with China

Business / Business News /

U.S. lawmakers are seeking stronger measures to protect the domestic automotive market from subsidized, low-cost Chinese competitors, just like other countries have for years established policies to safeguard their homegrown manufacturers from foreign rivals.

Two narratives have emerged globally as Chinese brands like BYD Co. Ltd., Chery ...Read more

Jennifer Buchanan/The Seattle Times/TNS

Boeing deliveries increase as it addresses Max wiring issue

Business / Business News /

Boeing delivered 60 airplanes in May, including 51 737 Maxes and six 787 Dreamliners.

That’s a dramatic increase from the month before, when it delivered 47 airplanes, including 34 Maxes and six Dreamliners.

Though Boeing is increasing the production rate for its Renton-built 737 Max — with plans to move from a rate of 42 planes per month ...Read more

Aaron Lavinsky/Minnesota Star Tribune/TNS

AI is spreading fast across workplaces. Training doesn't often keep pace

Business / Business News /

Minnesota companies are pouring time, money and resources into artificial intelligence tools at a dizzying pace, but many are not adequately training employees to use them.

The investment imbalance between tools and training is fueling tension inside workplaces as businesses race to implement AI while employees worry about being left behind.

A...Read more

Ray Chavez/Bay Area News Group/TNS

Why Toyota RAV4s are suddenly the most coveted used cars in America

Business / Business News /

Most cars lose value the moment they leave a dealer’s lot. The RAV4 hybrid gains it.

Used, late-model versions of the RAV4 hybrid often list for more than their original sticker prices, even with thousands of miles on their odometers. In some cases, they cost more than a new 2026 model fresh from the Toyota Motor Corp. factory.

CarMax ...Read more

Chris McGrath/Getty Images North America/TNS

Bitcoin's $235 billion crash masks bigger shift in crypto

Business / Business News /

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

Jason Resmond/Getty Images of North America/TNS

OpenAI files confidentially for IPO as rivals race to market

Business / Business News /

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