The Wall Street Journal.A Rare Look Into the Finances of Elon Musk's Secretive SpaceXThe Wall Street Journal. - Micah Maidenberg, Corrie Driebusch, Berber JinSpaceX’s soaring revenue helped it eke out a small profit in the first three months of the year after two annual losses, according to documents that offer a rare view into the financials of Elon Musk’s rocket company. The privately held company generated $55 million in profit on $1.5 billion in …
The Wall Street Journal.Match Group and Background-Checking Nonprofit End Safety PartnershipThe Wall Street Journal. - Sara Ashley O’BrienIn late 2019, Match Group was facing new scrutiny after a news report that sex offenders were using its dating apps. The company, which owns Tinder, Match.com, Hinge and Plenty of Fish, beefed up its safety efforts with new partnerships and hires. Now some of those measures are unraveling. After a …
The Wall Street Journal.Companies Increasingly Fear Backlash Over Their AI WorkThe Wall Street Journal. - Isabelle BousquetteMore and more companies say they are concerned about facing public criticism over their use of artificial intelligence, thanks to rising fears over the technology’s negative impacts, including job losses. The rapidly evolving technology has opened up a nearly limitless number of use cases for …
The Wall Street Journal.Next Time You Buy Parmesan, Watch Out for the MicrochipThe Wall Street Journal. - Eric SylversParmigiano-Reggiano producers are seeking new ways to protect the market for the world-famous pasta topping. Their latest trick to beat counterfeiters is edible microchips. Italian producers of parmesan cheese have been fighting against imitations for years. Now, makers of Parmigiano-Reggiano, as …
The Wall Street Journal.Google Parent's Cost Cuts Hit Verily as Other Bets Group Feels Pressure to Stem LossesThe Wall Street Journal. - Miles KruppaA cost-cutting drive by Google’s parent is intensifying for a group of businesses whose ambitions include extending human life and developing self-driving cars. Verily Life Sciences, a unit of Alphabet that offers data-driven healthcare products, is planning additional expense cuts after losing more …
The Wall Street Journal.China Torpedoes Intel's Bid for Israeli Chip MakerThe Wall Street Journal. - Dan Strumpf, Yang Jie, Sarah E. NeedlemanHONG KONG—Intel scrapped its more-than-$5 billion offer to buy Israeli chip maker Tower Semiconductor after Chinese regulators failed to approve the deal, showing how U.S.-China technology tensions are disrupting strategic plans for some major American companies. The demise of the deal comes as the …
