Chandni Shah

1 month ago | usatoday.com | Chandni Shah |Nicholas Brown

Sportswear retailer Nike NKE.N is laying off some of its employees in its technology division, a company representative told Reuters on Monday. Nike will shift some of that work to third-party vendors, the representative said in an email, adding that the changes were announced last week. The representative did not specify how many employees were laid off. It is not immediately clear how many people work in Nike's technology division. Bloomberg News first reported the development earlier on Monday.

1 month ago | today.westlaw.com | Prakhar Srivastava |Chandni Shah |Alan Barona

(Reuters) -Aspen Insurance priced its New York initial public offering within its marketed range on Wednesday, raising $397.5 million for the Bermuda-based specialty insurer.

1 month ago | today.westlaw.com | Savyata Mishra |Chandni Shah |Nivedita Bhattacharjee |Disha Mishra

(Reuters) -Instacart head Fidji Simo will step down to join OpenAI as its chief of applications, CEO and co-founder Sam Altman said on Thursday, adding she will report to him and that he will remain head of the Microsoft-backed ChatGPT maker.

1 month ago | businesslive.co.za | Abinaya Vijayaraghavan |Chandni Shah

The US department of justice has proposed that Google sell its AdX digital advertising marketplace and DFP platform for managing and delivering ads on websites, after a federal judge found the company illegally dominated two online ad-tech markets. The proposed remedies, including divestitures, are necessary to end the Alphabet-owned tech giant’s monopolies and restore competition in the ad-exchange and publisher ad-server markets, the department of justice said in a court filing late on Monday.

1 month ago | zawya.com | Chandni Shah |Deborah Mary Sophia

OpenAI has agreed to buy artificial intelligence-assisted coding tool Windsurf for about $3 billion, Bloomberg News reported on Monday, citing people familiar with the matter. The deal has not yet closed, the report added. OpenAI and Windsurf did not immediately respond to Reuters' requests for comment.