Any time a company looks to start selling shares on Wall Street, it’s required to disclose potential risks to investors. In the case of artificial intelligence (AI) giant Anthropic, that has included the…
Category: Business & Economy
GraceKennedy puts BPO outsourcing space for rent after Sutherland lease ends
GraceKennedy Ltd has returned a major business process outsourcing (BPO) facility in downtown Kingston to the rental market after the departure of long-time tenant Sutherland Global, ending a seven-year occupancy at the Central…
Anthropic files potentially biggest IPO ever, CEO warns of risk to humanity from AI
Artificial intelligence (AI) giant Anthropic filed papers Monday for what could be the biggest initial public offering (IPO) of stock ever even as its top executive warns that advanced AI could pose an…
JSE summary and tables
In Friday’s trading session the following reflects the movement of the JSE Indices: – The JSE Combined Index declined by 1,177.17 points ( 0.30 %) to close at 386,768.27 points and the volume…
Strategy formulation: The board said, “Use AI.” Now, prove it!
Your board has put you under pressure. It insists that you use artificial intelligence (AI) to improve the organisation’s strategic plans. Now, it wants proof. Strategy VP Nancy is reeling. Before today’s meeting,…
Fontana aims for chunk of $1.4bn makeup market, bets beauty is recession-proof
Óra by Fontana, the beauty division of the pharmacy chain, continues to expand its line-up across price tiers to capture a greater share of Jamaica’s $1.4 billion makeup import market. CEO Anne Chang…
Knutsford Express profit dips amid oil price spike
The cross-country bus company, Knutsford Express Services Ltd (KEX), said its first-quarter profit fell 19 per cent due to a double-digit rise in fuel costs. Net profit for the quarter ending August was…
Seaside villa earnings shrink a year after Melissa
Short-term rental earnings at villas and seaside properties along Jamaica’s north coast fell over the past year, even as earnings rose in most other markets. Average annual earnings at coastal villas in Montego…
25% of units remain at K2 waterfront apartments, no problem selling units
Three-quarters of the apartments at Kingston2 (K2), the $2.1-billion residential development overlooking the downtown Kingston waterfront, have been sold, according to the project’s developers. Richard Lake, principal director of Island Homes, said the…
Video game developer BioWare shuts down, next ‘Mass Effect’ cancelled amid broader lay-offs at EA
Video game publisher Electronic Arts (EA) is shutting down the popular and influential game development studio BioWare after more than three decades. The upcoming Mass Effect game, the fifth since 2007, has been…
