Magdalena Petrova

The low-cost business model was first implemented by Pacific Southwest Airlines in 1949 and perfected by Southwest Airlines in the early 1970s. Today, low-cost carriers like Ryanair in Europe and Spirit Airlines in the U.S. make up almost a third of all global airline capacity. These airlines use several strategies to keep costs down including limiting their amenities to the bare minimum and charge for add-ons such as seat selection, food and luggage.

Boeing reached a milestone in early June after the company launched its first crewed test on its Starliner capsule following years of delays and cost overruns.

A single trip would last about 6 hours and ticket prices range from $50,000 to around $184,000 per seat.

A number of startups are hoping to hoist tourists to the stratosphere using pressurized capsules and massive gas-filled balloons. CNBC spoke to three of them, France-based Zephalto, Florida-based Space Perspective and Arizona-based World View. The balloon trips wouldn’t take passengers all the way into space but the companies said passengers would be able to experience the “overview effect,” a common, highly emotional phenomenon felt by astronauts when they see the earth against the blackness of…

OpenAI was founded as a nonprofit in 2015 by a number of researchers, academics and entrepreneurs, including Sam Altman, Greg Brockman and Elon Musk. In 2022, OpenAI gained worldwide recognition when it launched its ChatGPT chatbot. It was the first time that many people were introduced to generative AI and within two months, ChatGPT had 100 million monthly users. OpenAI is now valued at over $80 billion and counts Microsoft as a major investor and partner.

Since its was founded in 2015, OpenAI has emerged as one of the most influential AI companies, with major enterprise customers and billions in revenue.

Musk wants to use this supercomputing power to improve Teslas’ autonomous driving capabilities and train xAI’s chatbot Grok.

Didi, WeRise, Pony.ai, Baidu and AutoX drove over 1.6 million test miles on California’s roads between 2017 and 2023.

Chinese autonomous vehicle companies have had a presence in the U.S. for nearly a decade, taking advantage of local talent and a more advanced regulatory framework around the testing of AVs. Between 2017 and 2023, Baidu, Didi, WeRide, Pony.ai and AutoX collectively logged over 1.6 million test miles on California's roads. But amid increasing tension between the U.S. and China, many of these startups are pulling back from the U.S. and instead using what they learned to serve their home market.

Donald Trump has said the Department of Government Efficiency would end government “bureaucracy,” relax “excess” regulations and cut “wasteful” expenditures.