Business
GLOBALFOUNDRIES Inc. (GFS) GlobalFoundries Inc. Presents at Morgan Stanley Technology,
Joseph Moore
Morgan Stanley, Research Division
I guess maybe we could just start. You described the company being at an interesting inflection point on the last earnings call. What did you mean by that? What has you excited about the direction that the business is headed?
Timothy Breen
CEO & Director
Yes. Thank you, Joe. Thanks for being here. No, it’s a super interesting moment to be GlobalFoundries. And I think it’s because we see 3 trends that perhaps we’ve tracked for some time, but now moving to different pace of momentum. And the 3 that I see, 2 are demand and 1 is on the supply side. On the demand side, clearly, the rollout of the data center, we’re seeing only acceleration in the requirements, the scale, the deployments globally, but also some of the bottlenecks those data center deployments create, whether that’s power or networking areas that we’ve been investing in our portfolio for some time and now seeing that pull-through in the business and the pull-through for the road maps that we have for the future.
Even more excited about the longer-term trends of AI entering the physical world, right? When AI is around us in the cars we ride in, no longer driving because they’ll drive themselves, the home environment, the workplace, the
Business
Thailand poised to gain from supply chain diversification amidst escalating global tensions
Thailand can benefit from diversified supply chains due to global tensions, but Chris Humphrey emphasizes that political stability is crucial for effective regulatory reform.
Key Points
- Thailand can benefit from supply chain diversification due to increasing global tensions.
- Chris Humphrey, Executive Director of the EU-ASEAN Business Council, emphasizes that political stability is crucial for regulatory reform.
- Humphrey shared insights during an interview with Franc Han Shih on The Nation Thailand’s business show, The Next Move.
Thailand’s Strategic Position in Global Supply Chains
Thailand is poised to capitalize on supply chain diversification as global tensions mount. With disruptions impacting traditional supply routes, Thailand’s geographical advantages and robust manufacturing base present significant opportunities for businesses seeking alternative sourcing locations. This shift in focus not only aims to secure supply chains but also seeks to attract foreign investments that can drive economic growth and resilience in the face of geopolitical challenges, reinforcing Thailand’s status as a vital player in the ASEAN region.
Political Stability as a Catalyst for Reform
Despite these advantages, political stability remains a crucial element for Thailand’s success in fostering an environment conducive to regulatory reform. Chris Humphrey, the Executive Director of the EU-ASEAN Business Council, emphasized this during an interview with Franc Han Shih on The Nation Thailand’s program, The Next Move.
He noted that sustained political stability enables the government to implement effective reglations that can further streamline business operations and bring more foreign investment. Without this stability, the potential benefits of supply chain diversification may not be fully realized, hindering progress in various sectors.
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Fox News contributor Liz Peek says she expects the increase in gas prices due to the Iran conflict to be a temporary issue on ‘The Bottom Line.’
Lyft is rolling out a temporary relief plan for its drivers across the U.S. as rising gas prices continue to cut into earnings.
The company announced Wednesday that the 60-day program will begin March 27 and run through May 26. Drivers can earn cash back and save on fuel when they use a Lyft Direct debit card at participating gas stations nationwide.
“Gas prices have jumped significantly in the past few weeks, and we know that hits hardest for drivers who depend on driving for their income,” Lyft said in a statement. “When costs fluctuate, we know relief matters.”
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Elon Musk’s AI Faces Baltimore Lawsuit Over Nonconsensual Sexualized ‘Deepfakes’
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The complaint, filed in a local circuit court, claims that Grok has been used to create explicit images of people without their permission.
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The lawsuit marks one of the first major actions by a US city targeting AI-generated deepfake content.
According to the filing, Grok—launched in 2023 and distributed through the social platform X—was promoted as a safe, general-purpose tool.
However, Baltimore alleges the platform has instead become a major source of harmful material.
The city claims millions of realistic sexualized images were created in a short period, including thousands involving children.
According to CNBC, Baltimore Mayor Brandon Scott strongly criticized the situation, saying, “We’re talking about tech companies enabling the sexual exploitation of children.”
He added that the issue is “a threat to privacy, dignity and public safety,” and stressed that those responsible must be held accountable.
Baltimore Targets Grok Over Deepfakes
The lawsuit also points to a viral trend where users prompted Grok to alter images of real people into revealing or explicit versions. Officials argue that such features make it easy to misuse the technology.
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Savannah Guthrie Breaks Down in Emotional First Interview Since Mom’s Abduction
Savannah Guthrie, co-anchor of NBC’s “Today” show, fought back tears Tuesday as she gave her first public interview since her 84-year-old mother, Nancy Guthrie, was abducted from her Tucson, Arizona, home nearly two months ago, describing nightly nightmares of her mother’s terror and the family’s desperate hope for her safe return.
In an emotional conversation with longtime colleague Hoda Kotb that aired in excerpts on “Today” and will continue in two parts Thursday and Friday, Guthrie opened up about the “agony” that has consumed her family since Nancy Guthrie vanished early Feb. 1 from her home in the Catalina Foothills area near Tucson. Investigators believe the widow was taken against her will in the middle of the night, with drops of blood found on the front porch and chilling doorbell camera footage showing a masked, armed suspect.
“It’s been 53 days,” Guthrie said, her voice breaking as she sat with Kotb. “Every night I wake up imagining what she must be going through, the terror she felt. As a daughter, that’s something I can’t unsee.” She described the constant ache of uncertainty, saying the family still believes Nancy is alive and pleading for anyone with information to come forward.
Nancy Guthrie, described by family as vibrant and independent, was last seen around 9:45 p.m. on Jan. 31 when relatives dropped her off after dinner. She was reported missing the next day. Pima County Sheriff’s officials quickly shifted the case from a missing person investigation to a suspected abduction, citing evidence she was taken by force. No suspects have been named, though authorities have not ruled out multiple perpetrators and have described the case as potentially targeted.

The family has offered a $1 million reward for information leading to Nancy’s safe return, while the FBI has added a $100,000 reward and urged tips via 1-800-CALL-FBI. In earlier public appeals, Savannah Guthrie and her siblings, Annie and Camron, addressed possible kidnappers directly, saying they received messages, were “ready to listen” and would pay to bring their mother home safely. They begged for proof of life, but none has been provided.
Guthrie told Kotb the family remains in constant contact with investigators and clings to hope despite the passage of time. Nancy requires daily medication for heart issues, including a pacemaker, raising concerns about her health. The family has repeatedly emphasized that time is critical.
The case has captivated the nation, drawing widespread media attention partly because of Guthrie’s high-profile role on “Today.” Doorbell camera video released by authorities shows a masked figure at the door in the early morning hours. Searches have involved extensive law enforcement resources, including the FBI, but no arrests have been made and few solid leads have emerged publicly.
Guthrie returned briefly to the “Today” studio earlier in March to thank colleagues but had stayed largely out of the spotlight until Tuesday’s sit-down. She has been focused on supporting her family and working behind the scenes to aid the search. Colleagues described her as resilient yet visibly strained by the ordeal.
In the interview, Guthrie spoke of the “Nancy Guthrie effect,” noting how her mother’s disappearance has spotlighted other missing persons cases and renewed attention on families enduring similar pain. She expressed gratitude for the outpouring of support from viewers and strangers who have shared tips and prayers.
Security experts and former law enforcement officials have offered varying theories, with some suggesting a targeted abduction possibly linked to ransom demands involving Bitcoin, while others speculate it could involve multiple suspects or a botched home invasion. Megyn Kelly and others have discussed the possibility of a transnational criminal element, though authorities have not confirmed any theory.
The Guthrie family has stressed that Nancy’s loved ones, including spouses, are not suspects. The investigation remains active, with searches continuing in the Tucson area and beyond. Officials have recovered gloves and other items during sweeps, but no breakthrough has been announced.
Guthrie, 54, has balanced her high-pressure role on “Today” with personal challenges before, including raising two young children with husband Michael Feldman. Her transparency during the ordeal has drawn praise from viewers who see her as a relatable figure navigating unimaginable grief in the public eye.
Kotb, who has known Guthrie for years and has faced her own family health struggles, gently guided the conversation, allowing moments of silence as Guthrie composed herself. The full interview is expected to delve deeper into family memories of Nancy, the toll on siblings and grandchildren, and messages of hope.
Nancy Guthrie was known as a devoted mother and grandmother who enjoyed an active life in retirement in the Tucson area. Family members have shared photos and stories highlighting her warmth and spirit, pleading for her safe return so the family can “celebrate with her.”
As the search enters its eighth week, the FBI and local authorities continue to appeal for tips. Anyone with information is urged to contact authorities immediately, as even small details could prove vital.
Guthrie’s appearance on “Today” marked a significant step in her public processing of the trauma while keeping the focus on finding her mother. She ended the excerpt with a direct message: “Mom, if you can hear this, we love you. We are fighting for you every day. Please hold on.”
The case has also sparked broader conversations about elder safety, home security and the challenges of investigating abductions involving vulnerable adults. Advocacy groups for missing persons have noted increased awareness and tips in other cases since Nancy’s disappearance gained national attention.
NBC has supported Guthrie throughout, allowing her time away from regular duties while keeping her role on the show open. Co-anchors and contributors have filled in, sending frequent messages of solidarity.
As the two-part interview airs later this week, viewers are expected to hear more about the family’s daily reality, the strain of unanswered questions and their unwavering determination. Guthrie’s composure under immense personal pressure has been noted by colleagues as a testament to her strength.
For now, the Guthrie family continues to wait and hope. The $1 million reward remains active, and law enforcement vows not to give up. Savannah Guthrie’s emotional interview served as both a raw glimpse into a daughter’s pain and a renewed public call to action in one of the most closely watched missing persons cases in recent memory.
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