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Category: business

OpenAI announces Broadcom deal as spending spree continues

SAN FRANCISCO, United States – OpenAI, the company behind ChatGPT, announced Monday it is teaming up with chip giant Broadcom to design and build its own specialized computer processors for artificial intelligence. The partnership is the latest in a series of recent announcements by OpenAI as it seeks to strengthen its position as the preeminent

Central and eastern Europe sees surge in alternative protein funding

Czech cultivated pork burger. Photo credits: Mewery / Good Food Institute Public and nonprofit funding for alternative proteins rose for the fifth consecutive year in 2024, and central and eastern European countries are playing an increasing role, according to a.

BSP wary of proposal to phase out large peso bills

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) appeared wary of proposals to withdraw large-denomination peso bills from circulation as a supposed deterrent to corruption, with Governor Eli Remolona Jr. warning that such a move could do more harm than good. Speaking to reporters on Monday, Remolona said the idea, while still under discussion,

Escudero’s lawyer seeks extension in filing affidavit before Comelec

MANILA, Philippines — The lawyer of Sen. Francis “Chiz” Escudero was unable to appear before the Commission on Elections (Comelec) on Monday to submit an affidavit with regards to the P30-million donation given to the lawmaker by a contractor, asking the commission for an extension instead. “We received information that the lawyer may ask for

BIZ BUZZ: Panglao Hole symposium?

Every year, the world’s top central bankers, policymakers, academics and market movers descend on Jackson Hole, Wyoming, for the Federal Reserve Bank of Kansas City’s high-profile symposium—a must-watch event where one stray comment can jolt global markets. Now, the Bangko Sentral ng Pilipinas (BSP) wants its own version of that. READ: BIZ BUZZ: Mapua opens

Megaworld allots P 3.4B to expand 3 townships

MANILA, Philippines – Developer Megaworld Corp. will spend P3.4 billion to expand three of its townships across the country, banking on the strength of its provincial projects to drive growth. In a regulatory filing on Monday, Megaworld said it would reinvest the proceeds raised from selling its shares in its real estate investment trust (REIT)

Netanyahu meets Trump at Knesset, accepts Egypt`s invite for Gaza Peace Summit

US President Donald Trump arrived in Israel on Monday as the exchange of hostages continues. He was welcomed by the top brass of Israel, and upon entry into the Israeli airspace, the Air Control thanked Trump, saying that his visit carries a deep meaning for the people.