In order to accommodate the rapidly increasing demand for the Wegovy weight-loss medication worldwide, Novo Nordisk has announced that it will invest more than 42 billion crowns ($6 billion) in its Danish production facilities in the upcoming years.   The business said in a statement that...

A Silicon Valley business called Humane, which boasts a stellar roster of executives and co-founders, has unveiled a $699 gadget that promises to deliver state-of-the-art artificial intelligence right to your wrist.   The gadget, dubbed the "Ai Pin," is meant to be worn on clothing and may...

Only a few days after the company stated it was suspending all driverless activities, General Motors has already announced that it intends to temporarily stop manufacturing of its fully automated Cruise Origin van.   Forbes broke the news of the change first, using an audio recording of...

WeWork, the startup funded by SoftBank Group whose quick rise and fall changed the office industry worldwide, filed for bankruptcy in the United States after its investments in businesses utilising more of its office-sharing space went bad.   SoftBank, a Japanese technology giant that owns...

Maker of ChatGPT At its first-ever developer conference on Monday, OpenAI is anticipated to disclose product updates that will make its AI models more affordable and functional.   The goal of OpenAI, as signalled by the conference, is to become more than just a consumer phenomenon. CEO Sam...

The largest contract electronics manufacturer in the world and a significant supplier to Apple, Foxconn of Taiwan, maintained its earlier prediction of robust year-end Christmas sales on Sunday, stating that both Chinese and American consumers were making good purchases.   Taiwan's tech...

The U.S. Federal Trade Commission described in a new court filing on Thursday how Amazon.com employed a number of illegal tactics to increase profits at its online retail empire, including an algorithm that raised prices paid by American consumers by more than $1 billion.   The Federal Trade...

In an attempt to calm investors who fear it is falling behind Huawei Technologies and other regional smartphone manufacturers, Apple has stated that demand for its iPhones in China was high.   "In mainland China, we set a quarterly record for the September quarter for iPhone," Chief...

For the three months ended in September, HSBC's profit after tax was $6.26 billion, a 235% increase over the $2.66 billion it made in the same time the previous year. The largest bank in Europe in terms of assets witnessed a $4.5 billion increase in profit before taxes to $7.7 billion for the...

Chinese real estate behemoth Evergrande, beset by financial difficulties, has been given one more opportunity to reach a fresh agreement about its massive debts, failing which it will go into liquidation. A winding-up hearing was postponed until December 4 from its original Monday date. It will be...

This holiday season, generative AI will be Amazon's secret weapon. It will use data from its more than 160 million Prime members to enhance ad targeting and enable retailers to swiftly create specials.   In addition to offering quick shipping and the customary Black Friday and Cyber Monday...