Microsoft is outstripping Alphabet in the race to make money from generative artificial intelligence through early bets on OpenAI and focus on big clients, raising worries that the Google parent could lose share in the cloud-computing market.
An artificial intelligence safety forum launched by companies including OpenAI, Microsoft and Google named its first director on Wednesday, and said it would create an advisory board in the coming months to help guide its strategy.
Boeing on Wednesday cut its 737 delivery forecast for this year due to quality issues at supplier Spirit AeroSystems , a temporary setback to the planemaker that is looking to recover from its own set of crises.
Shell will cut around 15% of the workforce at its low-carbon solutions division and scale back its hydrogen business as part of CEO Wael Sawan's drive to boost profits, the company confirmed in response to a query from Reuters on Wednesday.
Gulfstream jet maker General Dynamics reported a lower quarterly profit on Wednesday, due to higher operating expenses amid expensive labor and other inflationary pressures.
T-Mobile US on Wednesday raised the lower end of its annual free cash flow forecast after quarterly subscriber additions and earnings topped estimates as customers flocked to the company's more affordable plans.
Italian luxury group Moncler is expected to post a healthy rise in quarterly sales thanks to a strong brand and despite the warmer weather, although growth will be slower than in the first half.
The United States will roll over its suspension of tariffs on European Union steel and aluminium if the two sides need more time to agree on measures to address overcapacity and low-carbon production, the U.S. ambassador to the EU said on Wednesday.
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