Julie Chang

The consumer electronics giant posted a net loss of about $507 million in the fourth quarter, worse than analysts expected.

LG's media entertainment solution division, which includes TVs and displays, posted an annual operating loss.

Meanwhile, its home appliance, auto component, and business-to-business units remained profitable.

Costly restructuring efforts, including an early retirement program for employees, also weighed on the South Korean company's bottom line.

And that's your TNB Tech Minute.

We'll be back this afternoon with more.

Here's your afternoon TNB Tech Minute for Thursday, January 29th.

I'm Julie Chang for The Wall Street Journal.

We exclusively report that Amazon is in talks to invest up to $50 billion in OpenAI.

People familiar with the matter say Amazon CEO Andy Jassy is leading the negotiations with OpenAI CEO Sam Altman.

They say the exact shape of a deal, if one is reached, could still change.

Investing up to $50 billion could make Amazon the biggest contributor to the ChatGP team maker's ongoing fundraising round.

Amazon has also put money into OpenAI's competitor, Anthropic.

The e-commerce giant has been investing heavily in AI infrastructure while cutting costs internally.

News Corp, owner of The Wall Street Journal, has a content licensing partnership with OpenAI.

U.S.

regulators are investigating Waymo after one of its robo-taxis hit a child near an elementary school in Santa Monica, California.

The National Highway Traffic Safety Administration said the incident took place on January 23, and the child sustained minor injuries.

In a blog post yesterday, Waymo said it would cooperate with NHTSA's investigation.

The company said the autonomous driving tech detected the child and slowed the vehicle's speed from 17 mph to less than 6 mph.