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By Jonathan Stempel (Reuters) – Ajit Jain, the longtime top insurance executive at Warren Buffett’s Berkshire Hathaway, sold more than half of his Class A shares in the conglomerate this week. According to a Wednesday night regulatory filing, the 73-year-old Jain sold 200 Berkshire Class A shares on Sept. 9 for about $139.1 million, at an average price of $695,418 per share. The sale included 104 shares Jain held directly and 96 held by family … Read more…

(Reuters) -Microsoft-backed OpenAI said on Thursday it was launching a series of AI models designed to spend more time processing to solve hard problems. The models, dubbed o1 and o1-mini, can reason through complex tasks and solve harder problems than previous models in science, coding and math, the AI firm said. The o1 will be available in ChatGPT and its API starting Thursday. “We trained these models to spend more time thinking through problems before … Read more…

(Reuters) -Amazon.com said on Thursday it will increase the compensation to its Delivery Service Partners (DSP) through a $660 million investment over the next year.Amazon’s package delivery is done mostly by DSPs, small businesses that employ drivers and set their salaries. As a result of the investment, Amazon expects the national average earnings for drivers to increase by at least another $1.50 to nearly $22 per hour, depending on the location, which represents a 7% … Read more…

By Jody Godoy ALEXANDRIA, Virginia (Reuters) – A Google executive told colleagues the goal for the company’s then-nascent online advertising business in 2009 was to “crush” rival advertising networks, according to evidence prosecutors presented at the tech titan’s antitrust trial on Wednesday. The statements underscored the U.S. Department of Justice’s claim that Google has sought to monopolize markets for publisher ad servers and advertiser ad networks, and tried to dominate the market for ad exchanges … Read more…

By Allison Lampert (Reuters) – Boeing faces a possible strike as early as Friday if most of the U.S. planemaker’s factory workers in the Pacific Northwest vote on Thursday to back a work stoppage and reject a tentative deal that has enraged many of them. Roughly 30,000 workers who produce Boeing’s 737 MAX, 767 and 777 jets in Portland, Oregon, and the Seattle area will vote on their first full contract in 16 years. A … Read more…

By Ross Kerber and Svea Herbst-Bayliss NEW YORK (Reuters) – Exxon CEO Darren Woods on Tuesday had warning words for activist shareholders thinking to emulate those who filed a climate-related shareholder proposal at the largest U.S. oil company. Exxon sued the investors early this year and Woods indicated the company was ready to repeat the exercise against others he said might “abuse” the proxy proposal process. “We hope we don’t have to use that action … Read more…

(Reuters) – Videogame retailer GameStop reported a fall in second-quarter revenue on Tuesday, as consumers moved away from traditional brick-and-mortar stores to online purchasing. The company has been struggling with declining sales in its primary business of selling new and used video game discs due to a shift towards digital downloads and game streaming. Several customers also buying games and collectibles through e-commerce. GameStop CEO Ryan Cohen told investors in June the company intends to … Read more…

NEW YORK (Reuters) – Goldman Sachs is close to finalizing a deal to transfer its General Motors credit card business to Barclays, a source familiar with the matter said on Tuesday. The exit from the business partnership with GM, with about $2 billion of outstanding balances, is part of Goldman Sachs’ move to narrow its focus on consumer services. The companies are still involved in final negotiations, said the source, who asked not to be … Read more…