Companies

The explosion of generative AI has taken the world by storm, but one question all too rarely comes up: Who can afford it? 

OpenAI bled around $540 million last year as it developed ChatGPT and says it needs $100 billion to meet its ambitions. 

Greece's Grid Telecom and Tamares Telecom have agreed to build an undersea fiber-optic telecoms cable to connect Cyprus and Israel to Greece, the two companies said on Thursday.

The project has been dubbed Andromeda.

Dozens of experts and leaders in politics and business convened in Bled on 19 May for an international conference on crisis management hosted by the IEDC Bled - School of Management and Bloomberg Adria. Setting priorities and focusing on implementation were highlighted as key to success.

After three years of pandemic travel restrictions and rocketing energy costs, tourism is back with a vengeance to boost the economies of southern Europe as sun-seekers make up for lost time.

Türkiye's external assets increased by 0.5 percent from the end of 2022 to amount to $307.6 billion as of March, according to the data from the Central Bank.

The country's liabilities against non-residents fell by 5.4 percent over the same period to $555 billion.

Investors continue{ to tread carefully in the local market as Sunday's election approaches, so on Thursday they reduced their activity to the bare minimum, with the majority of stocks and the benchmark at Athinon Avenue posting small losses. The day's turnover was the lowest of the month so far. Friday's session may be the last before the polls, but also sees the expiry of the April derivatives

NOVI SAD - Two factories of Japan's Nidec Corp were opened in Novi Sad on Thursday at ceremony also attended by Serbian President Aleksandar Vucic.

Defence Minister Milos Vucevic, Finance Minister Sinisa Mali, Minister of Science and Technology Jelena Begovic, Nidec representatives and Novi Sad city officials were also in attendance.

Hungarian oil company MOL has been given the green light from the European Commission to take over OMV Slovenija filling stations after committing to sell 39 stations in Slovenia to the British Shell Group.

The United States on Tuesday announced charges in five cases involving alleged efforts to steal technology to benefit China, Russia and Iran including a former Apple Inc engineer accused of targeting the company's technology on autonomous systems, including self-driving cars, and then fleeing to China.

ExxonMobil has settled a long-running lawsuit brought by Indonesian villagers who alleged human rights violations by Indonesian military officials providing security to the oil giant.

The two sides agreed to resolve "all matters," said a joint filing from the opposing counsel that did not disclose terms of the agreement.