PRESS DIGEST- New York Times business news - June 2
Microsoft Corporation MSFT | 0.00 | |
NVIDIA Corporation NVDA | 0.00 | |
MGM Resorts International MGM | 0.00 | |
IAC Inc. IAC | 0.00 |
June 2 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
- Media mogul Barry Diller's People Inc IAC.O said on Monday it has proposed to buy MGM Resorts MGM.N, valuing the casino operator at more than $18 billion, marking the industry's second takeover bid in a week as it grapples with slowing consumer demand.
- AI giant Anthropic has confidentially filed for a U.S. initial public offering, the company said on Monday, edging ahead of rival OpenAI in a closely watched race to reach public markets.
- Florida sued OpenAI and its CEO Sam Altman on Monday, accusing the company of misrepresenting the safety of its ChatGPT platform, which the lawsuit said has harmed children by providing information to school shooters, offering guidance on self-harm and addicting young users.
- Nvidia NVDA.O on Monday unveiled a new chip that puts artificial intelligence capabilities directly into laptops and desktop computers, pitting it against the likes of Advanced Micro Devices AMD.O, Intel INTC.O and Apple AAPL.O.