Executives at bankrupt trucking company Yellow on Thursday rejected a billion-dollar offer from investors that could have revived much of the iconic trucking company’s network. When Yellow, founded in the 1920s, went out of business, it left 12,000 trucks, 35,000 trailers and 30,000 workers idle, which could form the basis for a new company. A … [Read more…]
Down Angle Symbol A symbol in the form of an angle pointing downwards. Vinod Khosla, 68, was an early supporter of OpenAI. In 2019, his VC firm invested $50 million in OpenAI. Patrick T. Fallon/AFP via Getty Images According to Vinod Khosla, AI is expected to have a “hugely deflationary” effect on the economy over … [Read more…]
The Canadian economy was little changed at the end of 2023, as shown by Canada’s real gross domestic product (GDP), which remained unchanged for the third straight month in October, according to statistics data. Canada released on Friday. Production in service industries increased slightly by 0.1%, while output in goods producing industries did not change … [Read more…]