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Products/Services
Microsoft Shows AI Won't Be a Loss Leader
The software company’s pricing of its Copilot AI tool came in well above projections. Source link
Meta, Microsoft Team Up to Offer New AI Software for Businesses
The Meta AI model, dubbed Llama 2, will be free and available to developers building software on Microsoft’s Azure cloud-computing platform. Source link
Tesla Outlines Plan to Create Largest Auto Factory in Germany
Electric-vehicle maker aims to double capacity of Berlin-area plant to one million cars a year. Source link
FDA Approves First RSV Drug to Protect All Infants
While the virus often leads to mild, coldlike symptoms, it is the leading cause of hospitalization of infants in the U.S. Source link
Cathie Wood's ARK Writes Down Twitter Stake by 47%
Wood is still bullish on Twitter’s long-term outlook and said her fund updates its internal valuations of private companies frequently. Source link
How Allbirds Lost Its Way
Quality complaints—and intractable holes—have dogged the hot shoe company, which rolled out an assortment of new products but found environmental sustainability a tough sell. Source
FDA Approves First Over-the-Counter Birth-Control Pill
The Food and Drug Administration approved the first over-the-counter birth-control pill, significantly expanding access to contraception among women across the U.S. Source link
Saudi Arabia to Lose Top Spot in OPEC+
The kingdom is set to fall below Russia as the largest oil producer in the alliance as its production cuts begin to bite, tightening the
FDA's OK Isn't Always a Happy Day for Biotech Investors
In recent weeks, three closely watched FDA decisions came in positive for the companies—followed by their stocks going negative. Source link