Chinese coffee chain Luckin Coffee, which was delisted from Nasdaq in 2020 after a big accounting fraud scandal, is considering relisting its shares in the U.S., the Financial Times reported. Luckin’s talks with investors and advisors about a possible relisting comes at a time when China’s government is introducing tighter restrictions for Chinese companies’ U.S. listings. But even so, Luckin...
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How Microsoft is Trying to Lessen Its Addiction to OpenAI as AI Costs Soar
Microsoft’s push to put artificial intelligence into its software has hinged almost entirely on OpenAI, the startup Microsoft funded in exchange for the right to use its cutting-edge technology. But as the costs of running advanced AI models rise, Microsoft researchers and product teams are working on a plan B. In recent weeks, Peter Lee, who oversees Microsoft’s 1,500 researchers,...
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