Press Digest: New York Times business news - May 23

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23/05/2025 05:19

May 23 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- OpenAI unveiled plans on Thursday to build a massive computing complex in the United Arab Emirates, the new facility is part of a joint venture with OracleORCL.N , NvidiaNVDA.O, SoftBank9984.T,Cisco CISC.CD and G42.

- The Federal Trade Commission on Wednesday opened an investigation into Media Matters, a liberal advocacy organization that has published research on hateful and antisemitic content on X.

   - Laurene Powell Jobs cut just under 30 employees at Emerson Collective last week, in one of the first widespread layoffs at the philanthropy.

- A former senior partner at McKinsey & Company, Martin Elling was sentenced on Thursday to six months in prison for destroying records that shed light on the firm’s role in the national opioid crisis.

 (Compiled by Bengaluru newsroom)

 ((globalnewsmonitoring@thomsonreuters.com))