ChatGPT sets record for fastest growing user base – analyst note

ChatGPT sets record for fastest growing user base – analyst note

Feb 1 (Reuters) – ChatGPT, OpenAI’s popular chatbot, reached an estimated 100 million monthly active users in January, just two months after launch. Wednesday. The report, citing data from analytics firm Compareweb, said that in January, an average of about 13 million unique visitors per day had used ChatGPT, more than double the December level. … Read more

Adani market losses snowball to $100 billion in delayed share sale

Adani market losses snowball to 0 billion in delayed share sale

NEW DELHI, Feb. 2 (Reuters) – Indian shares of the Adani group fell on Thursday after market turmoil forced the conglomerate to scrap a crucial $2.5 billion equity offer, extending market losses to more than $ 100 billion and concerns arose about the possible systemic impact. The pullback of the share sale of Adani Enterprises … Read more

Hindenburg bet against India’s Adani puzzles against US short sellers

Hindenburg bet against India’s Adani puzzles against US short sellers

Feb.1 (Reuters) – When Hindenburg Research revealed a short position in Adani Group last week, some US investors said they were intrigued by the actual mechanisms of the trade, as Indian securities rules make it difficult for foreigners to bet against companies there. Hindenburg’s bet has been lucrative so far. The allegations, which the Indian … Read more

Exclusive: EV maker Rivian cuts 6% of jobs amid price war – internal memo

Exclusive: EV maker Rivian cuts 6% of jobs amid price war – internal memo

SAN FRANCISCO, Feb. 1 (Reuters) – Rivian Automotive (RIVN.O) is laying off 6% of its workforce in a bid to cut costs as the EV maker, already struggling with declining cash reserves and a weak economy, braces itself for an industry-wide price war. The company is focusing its resources on ramping up vehicle production and … Read more

Adani waives $2.5 billion share sale as major blow to Indian tycoon

Adani waives .5 billion share sale as major blow to Indian tycoon

NEW DELHI, Feb. 1 (Reuters) – Flagship Gautam Adani called off its $2.5 billion share sale on Wednesday in a dramatic turnaround as a defeat sparked by the criticism of a US short-seller saw billions more of its value of the Indian magnate’s shares wiped out. The withdrawal of the Adani Enterprises (ADEL.NS) share offering … Read more

White House blasts Exxon over historic $56 billion annual profit

White House blasts Exxon over historic  billion annual profit

WASHINGTON, Jan. 31 (Reuters) – The White House on Tuesday expressed its outrage over Exxon Mobil Corp’s record 2022 net profit of $56 billion, a historic high not only for the company but for the entire Western oil industry. The major oil companies are expected to break their own annual records due to high prices … Read more

Gautam Adani loses Asia’s richest krone as share price plunge deepens to $84 billion

Gautam Adani loses Asia’s richest krone as share price plunge deepens to  billion

BENGALURU, Feb. 1 (Reuters) – Indian magnate Gautam Adani lost his title of Asia’s richest person on Wednesday as a defeat in his conglomerate’s largest companies deepened to $84 billion in the wake of a short-seller report. A report from Hindenburg Research last week alleged the group’s improper use of offshore tax havens and stock … Read more

Adani’s crucial share sale 85% subscribed as institutions pumped funds

Adani’s crucial share sale 85% subscribed as institutions pumped funds

MUMBAI, Jan. 31 (Reuters) – Indian billionaire Gautam Adani’s $2.5 billion share sale moved closer to full subscription on Tuesday as investors pumped in cash after a tumultuous week for his group in which the shares were ravaged by a destructive short-seller -report. The secondary share sale of flagship Adani Enterprises (ADEL.NS) was 85% underwritten … Read more

Western allies disagree on jets for Ukraine as Russia claims gains

Western allies disagree on jets for Ukraine as Russia claims gains

Biden says ‘no’ when asked about F-16s for Ukraine Zelensky says Moscow is seeking “big revenge.” Russian administrator claims foothold in Vuhledar Kiev could recapture ground if western weapons arrive – group KYIV, Jan. 31 (Reuters) – Ukraine’s defense minister will meet President Emmanuel Macron in Paris on Tuesday amid a debate among Kyiv’s allies … Read more

Ukraine calls for faster arms deliveries as Russia pushes its eastern offensive

Ukraine calls for faster arms deliveries as Russia pushes its eastern offensive

Three killed in Russian attacks on governor of Kherson Russian troops bombard Vuhledar in the east again Zelenskiy calls on allies to speed up arms deliveries Zelensky is pressuring Macron to bar Russia from the Paris Games KYIV, Ukraine, Jan. 30 (Reuters) – Russian missile strikes killed three people in the southern Ukrainian city of … Read more