In 2019, Microsoft made its initial $1 billion investment in OpenAI, although the deal attracted no more notice than the typical corporate venture round. The startup market was scorching, and among the many industries generating enormous valuations were aircraft, sophisticated logistics, electric...

A California Tesla owner filed a potential class action lawsuit against the electric vehicle manufacturer on Friday, accusing it of violating its clients' privacy.   The lawsuit was filed in the U.S. District Court for the Northern District of California after Reuters revealed on Thursday...

Last month, as Richard Branson's Virgin Orbit's fortunes were about to collapse, an unknown investor by the name of Matthew Brown emerged and offered a $200 million rescue.   According to related documents and email exchanges examined by Reuters and three people with knowledge of the...

On Thursday, shares of Airbnb Inc. dropped as much as 6% after an online independent media published a report looking into unfavorable experiences guests had while staying through the short-term rental website.   The Bear Cave research claims that horror stories of visitors to independently...

The use of less expensive, iron-based batteries will be extended by Tesla Inc. to a more economical electric vehicle as well as a version of its Semi big electric trucks.   Elon Musk, the CEO of Tesla, has promoted the lithium iron phosphate (LFP) battery technology that is largely produced...

Many individuals rushed to get a glance of the store's black and yellow artwork, which was modeled after Mumbai's recognizable taxis, as Apple Inc. unveiled the appearance of its first retail location in India.   According to a source familiar with the situation who spoke to Reuters, the...

Toyota Motor Corp. of Japan is considering a factory floor makeover as it plans a transition to a new, specialized platform for battery electric vehicles, according to four individuals familiar with the topic.   According to one of the sources, Koji Sato may disclose the existence of a new...

As part of a restructuring effort by CEO Wael Sawan to increase the energy giant's profits, Shell is dividing up its renewables and low-carbon division.   The adjustments come as Sawan, who assumed office at the beginning of the year, has hinted recently that Shell is thinking about doing...

Virgin Orbit Holdingso, a manufacturer of rockets, announced it was laying off around 85% of its workforce because it was unable to secure additional funding.   In after-hours trading, the company's shares, which are owned by Richard Branson's Virgin Group, dropped 38%.   According to...

The British clothing retailer Next announced on Wednesday that its annual earnings had increased by a better-than-anticipated 5.7% and that it would not need to raise prices as much as initially anticipated.   But, the retailer's shares were down 6% in morning trading after it maintained its...

After posting an 11-fold gain in fourth-quarter earnings, Chinese electric vehicle (EV) manufacturer BYD claimed on Wednesday that it was big enough to weather the effects of a brutal price war and waning Chinese demand.   A growing product lineup that is assisting it in surpassing...