OpenAI and Microsoft have reached preliminary terms on a revised partnership deal that clears a path for the maker of ChatGPT to restructure itself, the two companies said Thursday.
Why it matters: OpenAI's meteoric rise as the tech industry's AI standard-bearer has always been shadowed by the company's complex, unorthodox structure.
An ICE raid on a Hyundai-linked battery plant in Georgia last week will delay construction plans by months, the CEO of Hyundai Motor Co. said Thursday.
Why it matters: Hyundai's now-$26 billion commitment to build in the U.S. was one of the signature early wins for President Trump, but that's all up in the air as the repercussions of the immigration raid take hold.
The workers at a Hyundai-linked plant in Georgia raided by ICE last week had the wrong visas — and the company should have asked for help getting the right ones, Commerce Secretary Howard Lutnicktells Mike Allen in the premiere episode of "The Axios Show."
Why it matters: The images of hundreds of South Korean workers being shackled and hauled off like criminals shocked aclose U.S. ally, and raised the question of whether the Trump administration's economic and immigration policies are at odds with each other.
Graphic video of conservative activist Charlie Kirk being shot and killed during a debate on Wednesday is circulating through social media platforms, sometimes shocking unsuspecting users.
Yes, but: Social media users don't have to see graphic content without a warning – they can turn it off on most major platforms.
Capitol Police alerted congressional offices that they were responding to a "potential security concern" at Democratic National Committee headquarters, with a DNC spokesperson saying the incident turned out to be a non-credible bomb threat.
Why it matters: Tensions are high in Washington following the assassination of conservative activist Charlie Kirk on Wednesday in Utah.
The Federal Trade Commission opened an inquiry into AI chatbot safety on Thursday, demanding information from seven companies about negative effects of chatbots used by teens and children.
Why it matters: The probe highlights the growing tension between the U.S. push for AI leadership and the risks of exposing kids to untested technologies.
The Consumer Price Index rose in August, though a gauge that excludes food and energy held steady, the Bureau of Labor Statistics said on Thursday.
Why it matters: Overall inflation heated up for the fourth straight month as President Trump's tariffs weigh on prices, posing challenges to the Federal Reserve.
Lightspeed Venture Partners — the multistage venture capital firm that has backed companies like Anthropic, Mistral AI, Glean and xAI — has appointed Josh Machiz as chief marketing officer, Axios first reports.
Why it matters: By hiring Machiz, Lightspeed signals that it is taking a bet on a new media playbook.
Shares of buy now, pay later provider Klarna surged 14% on Wednesday's trading debut. Unusual for an IPO, part of that pop was driven by demand from retail investors.
Why it matters: As retail is becoming a more formidable force in public markets, companies and banks are making IPOs more readily available to novice investors.
Record income from its AI cloud business, including nearly half a trillion dollars in outstanding contract revenue, sent Oracle's stock up about 40% Wednesday. This overshadowed the fact that the company missed analysts' earnings estimates.
Why it matters: It's a signal of how lucrative stock-picking can be, but only if you accurately forecast which companies can win over investors on their guidance alone. And that's a hazy game, since forecasts can be more storytelling than fact.
Here's what's new on Hulu, Netflix, HBO Max, Prime Video, Paramount+, BET+ and PBS.
What we're watching: A new season of "Only Murders in the Building," a Miranda Cosgrove-led romantic comedy, and a documentary about the history of Black television.
Former aides to Joe Biden reacted with rage Wednesday to an excerpt from Kamala Harris' upcoming book in which she said the ex-president was "reckless" to run again and accused Biden's team of sabotaging her during her vice presidency.
Why it matters: The Biden and Harris camps publicly have claimed they were united through the four years of Biden's presidency, but now Harris is trying to distance herself from him — after not doing so during her short run for president.
