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OpenAI asked a federal court on Wednesday to bar Elon Musk from unfairly attacking it through a high-profile lawsuit he filed last year, the latest move in a bitter feud between the artificial intelligence start-up and the world’s richest man. In a filing in federal court in San Francisco, OpenAI said Mr. Musk had “made…
Delta Air Lines on Wednesday became one of the largest American companies to warn that President Trump’s escalating trade war was weighing on its business and the global economy. In an interview with CNBC on Wednesday, Delta’s chief executive, Ed Bastian, said a recession was possible as companies pulled back spending. “Everyone’s being prepared for…
Sitting beneath a portrait of Abraham Lincoln, more than two dozen of the most powerful figures in the U.S. cryptocurrency industry, together worth many billions of dollars, gathered in the White House on Friday for an audience with President Trump. When Mr. Trump entered the ornate State Dining Room after a short wait, the executives…
Federal officials declared that so-called memecoins would not be subject to strict oversight. A series of investigations into major cryptocurrency firms were halted. And the Securities and Exchange Commission agreed to pause a fraud case against a top crypto entrepreneur. Just over a month since President Trump’s inauguration, U.S. regulators have almost entirely dismantled a…
Starbucks is laying off 1,100 corporate employees, its chief executive said in a letter to workers on Monday, marking the coffee chain’s latest move to restructure amid lackluster sales. Brian Niccol, who took over as chief executive last fall, has vowed to woo back customers who have shied away from $8 lattes and long wait…
A little over a year ago, a group of researchers at Sheffield Hallam University in England published a report documenting a Chinese clothing company’s potential ties to forced labor. Members of the British Parliament cited the report ahead of a November debate that criticized China for “slavery and forced labor from another era.” But Smart…
The clubby insular world of corporate law has entered the culture war. First, Elon Musk started railing against Delaware, which for more than a century has been known as the home of corporate law, after the Delaware Chancery Court chancellor, Kathaleen McCormick, rejected his lofty pay package last year. Eventually he switched where Tesla is…
In Washington, Elon Musk has been at the forefront of Trump administration efforts to gut programs designed to promote diversity. At the same time, Tesla, the electric car company that Mr. Musk leads, has in recent days, with little notice, tried to appease critics who have accused the company of racial discrimination. In a little-noticed…
Meta, the owner of Facebook, Instagram and WhatsApp, is considering changing where it is incorporated from Delaware to another state, two people with knowledge of the matter said. The company is looking at Texas and a handful of other states, said the people, who were not authorized to speak on the confidential discussions. The process…
The older he gets, the more Bill Gates is surprised by what the world dishes up. Take billionaires. There are many now from the tech industry, quite a few with politics that skew forcefully right. “I always thought of Silicon Valley as being left of center,” Mr. Gates said. “The fact that now there is…
