Investing.com -- RTX Corp. (NYSE: RTX) has been awarded a $230.5 million contract to procure materials for F135 propulsion systems that will be used by U.S. military branches and international partners.
The U.S. Department of War announced the East Hartford, Connecticut-based company will receive the fixed-price-incentive and cost-plus-incentive-fee contract to protect the delivery schedule for 138 propulsion systems in Lot 20.
The systems will support the Air Force,... (continue reading...)
Investing.com -- OpenAI has officially introduced advertising in ChatGPT on Monday, marking a significant shift in its revenue strategy after previously avoiding in-product ads.
The company announced in a blog post that some U.S. users of ChatGPT's free tier and $8-per-month Go subscription plan will begin seeing embedded advertisements.
OpenAI has set a minimum investment of $200,000 for advertisers participating in its early advertising test, known as the OpenAI Ad... (continue reading...)
Investing.com -- ON Semiconductor Corporation (NASDAQ: ON) shares dropped 7% in aftermarket trading on Monday after reporting fourth-quarter results that edged past profit expectations, with in-line revenue and outlook.
The Arizona-based chipmaker posted adjusted earnings of $0.64 per share for the quarter ended December, beating analysts’ estimates of $0.62.Revenue came in at $1.53 billion, broadly in line with market expectations.
Chief executive Hassane El-Khoury said... (continue reading...)
Investing.com -- Target Corporation (NYSE: TGT) is reallocating its human capital to prioritize the customer experience as it grapples with four years of stagnant annual sales. According to reporting from CNBC, citing an internal email, the retailer will invest more in store labor while cutting approximately 500 roles in distribution centers and regional offices.
The strategic shift follows mounting criticism from shoppers regarding out-of-stock items and increasingly... (continue reading...)
Investing.com -- Major insurance broker stocks plummeted Monday amid investor concerns that artificial intelligence could disrupt traditional insurance distribution channels. The selloff followed reports from Reinsurance News and others that OpenAI approved the first AI insurance app on ChatGPT, built by Spanish digital insurer Tuio.
Willis Towers Watson (NASDAQ: WTW) experienced the steepest decline, with shares falling 13%. Arthur J. Gallagher (NYSE: AJG) dropped... (continue reading...)
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