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OpenAI, the artificial intelligence company behind ChatGPT, is reportedly in early discussions with regulators in California and Delaware to transition from a nonprofit to a for-profit structure. The shift, if it proceeds, would mark a significant governance change for the $157bn company — founded in 2015 with a mission to advance safe and beneficial AI. […]

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the RBA’s decision. At its November meeting the RBA left the cash rate on hold at 4.35% as widely expected, leaving it unchanged for 12 months now. The RBA’s rates guidance is now neutral. It continues to note that underlying inflation is

At its meeting today, the Reserve Bank of Australia (RBA) Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. This marks the eighth consecutive hold. The move reflects the bank’s cautious approach to managing inflation — which,

Paul Sanger interviews Anthony Noble, CEO of The Calmer Co (ASX:CCO), a leader in sustainable kava production. The Calmer Co aims to become the world’s dominant kava company by promoting kava’s calming and health benefits while improving the livelihoods of farmers in Fiji through fair pricing and a transparent supply chain. Noble discusses kava’s growing

Imugene (ASX:IMU), a clinical-stage immuno-oncology company, has reported a significant achievement in its Phase 1 MAST (Metastatic Advanced Solid Tumours) trial. The company announced that a patient with bile tract cancer has now maintained a complete response (remission) for over two years. This highlights the potential of Imugene’s therapy, VAXINIA, which utilises an engineered virus

Stocks declined on Monday as investors prepared for the U.S. presidential election and a potential Federal Reserve rate cut later this week. The Dow Jones Industrial Average dropped 257.59 points or 0.61 per cent, closing at 41,794.60. The S&P 500 fell 0.28 per cent to 5,712.69, while the Nasdaq Composite decreased by 0.33 per cent to

Gold prices held steady on Monday as traders prepared for two major events that could sway the market — the US presidential election and the Federal Reserve’s interest rate decision later in the week. Spot gold is currently flat at US$2,736.16 per ounce, as it continues to attract safe-haven interest. With voting set to begin

Warren Buffett’s Berkshire Hathaway’s third-quarter operating earnings dropped by over 6% to US$10.09 billion, driven by weakness in the company’s insurance underwriting division. The company also reported a significant reduction in its stake in Apple, its largest equity holding, selling an additional 100 million shares. This marks a 67.2% decrease in Berkshire’s Apple position since