StrategX Elements raises C$198,000 in second tranche closing

OpenAI doesn’t want to call them “data centers” anymore. Instead, the ChatGPT maker plans to propose a new, more chic name for the behemoth factories that power your chatbot queries. That new name is “compute campuses,” an OpenAI spokesperson confirmed to Business Insider on Sunday. “Compute campuses better describes the scale and role of the…

Comcast’s NBCUniversal is cutting a few hundred streaming tech staffers, Business Insider has learned. The layoffs will impact NBCU’s global streaming technology group, which includes the engineering and quality assurance teams, three people familiar with the changes said. Most of the cuts are at Sky, Comcast’s European media arm, though a person briefed on the…

Debt Avalanche A contrasting approach to the debt snowball is the debt avalanche. With the avalanche, after you make all of your minimum payments, you put any money left over toward the debt with the highest interest rate. This allows you to start reducing interest charges more quickly, focusing on bringing down those balances. So…

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Sales and profits from GLP-1 weight-loss and diabetes drugs like Ozempic and Wegovy are already huge. They’re only going to get bigger. Eli Lilly’s (LLY +3.19%) GLP-1 drug tirzepatide, which is marketed as Mounjaro for type 2 diabetes and Zepbound for obesity, dethroned Merck‘s (MRK +2.18%) cancer drug Keytruda last year to become the world’s…

This article appears in the October issue of Global Finance Magazine. U.S. banks are merging again as a rare combination of a friendlier regulatory environment, excess capital among the bigger players, and the rising cost of competing in artificial intelligence continues to drive broad industry consolidation. S&P Global Market Intelligence data shows that 81 banking…