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Intel Says It’s an Open Question Whether to Break Up Company

(Bloomberg) -- Intel Corp. Chief Financial Officer Dave Zinsner said that a formal separation of the company’s factory and product-development divisions is an open question that will be decided by the chipmaker’s next leader. Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamZinsner, who is s

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OpenAI’s ChatGPT Will Respond to Video Feeds in Real Time

(Bloomberg) -- OpenAI is giving chatbot ChatGPT the ability to process and speak to users about what it observes in video feeds in real time, seven months after it first teased the feature.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamWith the new option, unveiled in a livestreamed event

US grid-scale energy storage sees record installations, deployments in Q3

This was a 80% and 58% increase, respectively, from a year earlier, the report, which was developed in partnership with the American Clean Power Association, showed. U.S. grid connection queues have been continuing to rise as network operators grapple with a huge number of clean power applications and dwindling transmission capacity. The Energy Department said its National Transmission Planning Study found the U.S. will need to double or triple transmission capacity in the three decades to 2050 in order to meet demand growth and reliability needs.

US power deals down 36% in last year due to political uncertainty, PwC says

The value of U.S. power and utilities deals fell over the last year to $27.8 billion, down by 36% from 2023, as political uncertainty ahead of the Nov. 5 presidential election slowed transactions, a PwC report said on Thursday. Renewable power deals flourished as a result of U.S. President Joe Biden's climate and infrastructure legislation, which provides hefty funding for the development of electricity generation sources like wind and solar. The prospect of switching to an administration led by President-elect Donald Trump, who has been critical of climate-related spending, has brought deals to a multi-year low in a slowing trend that is expected to continue into 2025.

Meta Donates $1 Million to Donald Trump’s Inaugural Fund

(Bloomberg) -- Meta Platforms Inc. has donated $1 million to President-elect Donald Trump’s inaugural fund, part of an effort to build a positive relationship with the administration after a tense history.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamWhile small, the donation is not somet

Intel executives say a manufacturing spinoff is possible

(Reuters) -The two executives leading Intel after the ouster of its chief executive conceded on Thursday that the company may be forced to sell its manufacturing operations if a new chipmaking technology slated for next year does not succeed. Intel both designs and manufactures chips, making it unique in the industry. The company has shed more than $100 billion in value as it struggles to regain its lost lead in manufacturing and missed out on the AI boom dominated by Nvidia.

Google and Samsung debut Android XR amid VR, smart glasses push

Google debuts Android XR operating system gear toward VR headsets and AR smart glasses.

Archer Aviation Partners With Anduril, Gets $430 Million in Backing

(Bloomberg) -- Electric aircraft maker Archer Aviation Inc. has brought in $430 million from investors, the company said Thursday, and announced a new partnership with weapons maker Anduril Industries Inc. to build a hybrid military aircraft. Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley Dream

Unsupported price hikes added $815 million to US drug spending in 2023

Price increases for five of the 10 drugs that contributed the most to a rise in U.S. medical spending in 2023 were not supported by clinical evidence and drove costs higher by $815 million, an influential drug pricing watchdog said on Thursday. The Institute for Clinical and Economic Review (ICER) said that half of the drugs assessed had price increases based on new evidence of additional benefits or reduced harm, while the other half lacked such evidence. Johnson & Johnson's cancer drug Darzalex was on the list of price increases not backed by clinical evidence for the second time this year.

Walmart’s Fintech Races to $2.5 Billion Value in Omen for Banks

(Bloomberg) -- Walmart Inc. is pouring more firepower into its fledgling financial venture, scoring a $2.5 billion valuation for the startup and signaling its ambition to wade deeper into financial services.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamThe world’s largest retailer is lead

Google, John Doerr Bet on Startup Using Crushed Rocks to Capture CO2

(Bloomberg) -- Alphabet Inc.’s Google has made its largest purchase of carbon dioxide removal, backing a company that uses crushed rocks to clean the atmosphere. Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersAmerican Institute of Architects CEO ResignsCity Hall Is HiringCloud Computing Tax Threatens Chicago’s Silicon Valley DreamThe tech giant is joined by Microsoft Corp. and investors including John Doerr an