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- Chip giant SK Hynix raises $26.5bn in mega US share sale
The shares are set to start trading on the Nasdaq on Friday in what will be the largest ever debut by a foreign firm. [TheTopNews] Read More.27 mins ago - California city pushes for drive-thru ban after neighbors sounded alarm over bur...
A California city is weighing a ban on drive-throughs after some residents expressed concern that a proposed In-N-Out could hurt air quality, worsen traffic and create safety issues for pedestrians and cyclists.The City Council in Culver City, California, passed a 45-day moratorium last month to prohibit permits for new drive-throughs while staff drafted a potential ban, according to LAist. This comes after the city’s mobility subcommittee voted to recommend staff draft the ban in May.If the city council approves a ban, only new businesses would be affected.In-N-Out would be the first new drive-thru in Culver City since 1997, according to a city staff report. The proposed fast food restaurant would include 61 parking spaces and a drive-thru lane that could fit 26 vehicles.IN-N-OUT TO ENTER NEW MARKET WITH MULTIPLE RESTAURANTS BY YEAR'S END: REPORTThe burger chain had not submitted the formal application for a permit it was preparing when the city passed the moratorium, a city spokesperson told LAist.FOX Business reached out to In-N-Out for comment."As a private, family-owned company, we generally don’t comment publicly on business matters," a spokesperson for In-N-Out told LAist.Critics of In-N-Out's plan have slammed the proposal for potentially hurting the city's ability to be safe and walkable."Density is inevitable, and development is inevitable," Vanessa Martin, a city resident organizing support for the drive-thru ban, told LAist. "We want to be proactive and smart about it."Martin's wife, Cynthia, created an online petition calling on residents and the city council to oppose the In-N-Out "mega drive-thru," arguing it would create traffic congestion, worsen air quality and pose safety concerns for pedestrians and cyclists.Another resident, Paul Hewitt, began handing out flyers to his neighbors calling the project a "terrible idea."Culver City Councilmember Bubba Fish, who sits on the city’s mobility subcommittee, said the city needs to create "more walkable, bikeable, safer streets for people of all modes, and drive-throughs are the antithesis of that."But opponents of the ban said drive-throughs are an important option for consumers, including people with disabilities and families with children.Jot Condie, the president of the California Restaurant Association, said he believes drive-thru bans are generally "shortsighted.""You’re essentially banning quick-service restaurants without specifically stating that," Condie said.A DAD REVEALED HOW HIS FAMILY OF 5 EATS AT CHICK-FIL-A FOR UNDER $45GET FOX BUSINESS ON THE GO BY CLICKING HEREAround 70% of all fast food sales come from drive-thru orders, according to the American Planning Association.This is not… [TheTopNews] Read More.2 hours ago - Pressure builds on Europe’s biggest port to be greenerA lawsuit demands that the Port of Rotterdam moves faster to cut its dependence on fossil fuel firms. [TheTopNews] Read More.4 hours ago
- Micron CEO says AI boom drives ‘unprecedented’ memory demand as comp...Micron CEO Sanjay Mehrotra detailed the company’s new $250 billion U.S. investment as the chip-making giant responds to surging demand for memory storage in the age of artificial intelligence.The Boise-based technology company announced Thursday the billion-dollar investment will help Micron’s long-term objective of producing 40% of its DRAM chips in the United States."The demand for memory is at unprecedented levels. Memory is in deep shortage right now," Mehrotra told "The Claman Countdown" on Thursday.With existing semiconductor facilities in Idaho and Virginia, Micron is expanding its footprint by opening a new manufacturing site in central New York.OREGON DATA CENTERS FACE SHARP ELECTRICITY RATE HIKE UNDER NEW LAWFOX Business' Liz Claman joined the CEO during the first concrete pour at the new location.🔍 Got a story tip? Email nora.moriarty@fox.comMehrotra told Claman that memory is the key enabler of AI innovation and said data centers make up more than 50% of the demand."Memory is essential to AI," he said. "AI is driving the demand, and that's where the value of memory is really high because it enables the performance of AI."More memory allows AI to increase accuracy, speed and intelligence, Mehrotra explained.But while data centers are driving demand for Micron, the need for memory also stems from virtually every modern technology, including smartphones, computers and cars, that rely on data storage.WORKERS WHO DON'T USE AI MORE LIKELY TO BE LAID OFF, SURVEY FINDS"The demand is very strong for memory today," the CEO said. "Memory is critical for AI across data center, consumer devices, automotive, industrial, defense, aerospace.""Your phone, your PC, your car, they all need memory," he added. "Automobiles, fully self-driving cars are like data centers on wheels. They require a lot of memory and storage."📲 More stories at @newswithnora on XMicron’s technologies, including DRAM, NAND and NOR chips, support the evolution of compute-intensive applications and artificial intelligence platforms. The company plans to invest $3 billion in the domestic semiconductor industry to strengthen America’s manufacturing footprint.Mehrotra said demand will only grow as advanced technologies continue to evolve, noting that more sophisticated systems require greater computing power and memory capacity."In the future, when we look at robotics coming in, fully self-driving cars, these all need intelligence. Intelligence is about data. Where does data live? It lives in the memory," he said.Micron expects the initiative will create thousands of direct and indirect jobs while expanding domestic chip manufacturing.GET FOX BUSINESS ON THE GO BY CLICKING… [TheTopNews] Read More.4 hours ago
- We saved £6,000 on holidays by swapping homes with strangersThe BBC looks at the growing trend of people swapping homes to cut holiday costs. [TheTopNews] Read More.4 hours ago
- OpenAI unveils ChatGPT Work to automate workplace tasks as AI race intensifiesOpenAI on Thursday unveiled a new enterprise offering called ChatGPT Work, which is designed to leverage the popular chatbot to carry out and automate workplace tasks across a variety of applications and files.ChatGPT Work is powered by OpenAI's most advanced artificial intelligence (AI) model, GPT-5.6, and is capable of gathering context from apps, files and workflows to create finished documents, spreadsheets, presentations, reports and websites, the company said in its announcement.The company explained that ChatGPT Work can use plugins to connect with apps like Slack, Microsoft Teams, Google Drive and Sharepoint, as well as email systems, calendars, CRM platforms, project trackers and other tools.Once connected, ChatGPT can gather context about the task, pull in information, create documents, decks and perform analyses while refining drafts in the background of the user's work.ADS COMING TO CHATGPT FOR SOME US USERS AS OPENAI SEEKS TO GENERATE NEW REVENUEIn OpenAI's announcement, the company said that ChatGPT Work can continue to work on projects when the user isn't on their phone or computer through the use of Scheduled Tasks, which can take new messages and turn them into updated docs or slides and circulate the changes among team members, for example.ChatGPT Work will be available as of Thursday for Pro, Enterprise, and Edu plans – and will roll out to Plus and Business plans in the coming days. It's also available in the ChatGPT desktop app on every plan, including the Free plan.OREGON DATA CENTERS FACE SHARP ELECTRICITY RATE HIKE UNDER NEW LAWThe announcement comes as OpenAI's latest foray into agentic AI tools following the launch of Operator and deep research, which were later consolidated into ChatGPT Agent for individual users, as well as Workspace Agents for automating enterprise workflows.OpenAI is in the midst of an intense competition with AI rivals like Anthropic, which released Claude Cowork – an agentic tool that can plan and carry out multi-step tasks autonomously.DOORDASH UNVEILS CHATGPT GROCERY APP ONE WEEK AFTER INSTACART DEBUTAnthropic added plugins to Claude Cowork that allowed it to automate tasks related to legal, sales, marketing and data analysis, which triggered a selloff in U.S. and European software and professional services stocks earlier this year amid concerns about its potential to disrupt the data analytics industry.Microsoft, an OpenAI backer, also unveiled Copilot Cowork to expand its agentic AI offering on the heels of Anthropic's rollout.GET FOX BUSINESS ON THE GO BY CLICKING HEREReuters contributed to this… [TheTopNews] Read More.5 hours ago
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