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Economy

Elon Musk, Tesla, Warner Bros. Discovery sued over alleged ‘Blade Runner 2049’ AI ripoff for Cybercab promotion

October 23, 2024

Elon Musk, his car company, Tesla, and Warner Bros. Discovery were sued Monday over their alleged artificial intelligence-fueled copyright infringement of images from the film “Blade Runner 2049” to promote Tesla’s robotaxi concept. The lawsuit by the movie’s producer, Alcon Entertainment, says that the mega-billionaire Musk and the other defendants requested permission to use “an iconic still image” from “Blade Runner […]

Economy

Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise

October 23, 2024

DETROIT — Investors misinterpreted a public offering last week by Lucid Group that raised roughly $1.75 billion — and led to the stock’s worst daily performance in nearly three years — CEO Peter Rawlinson told CNBC. Rawlinson said the raise, which included a public offering of nearly 262.5 million shares of its common stock, was a timely, strategic business […]

Economy

Some Juul users are receiving thousands of dollars as part of a $300M class action settlement

October 23, 2024

Four-figure checks tend not to fall out of the sky. But a group of e-cigarette users are suddenly finding themselves with a little extra cash, thanks to a massive class action settlement involving one of America’s tobacco giants. In online forums and on social media this week, users of Juul Labs nicotine products have been […]

Economy

Embraer CEO says jet maker studying possibilities for a new aircraft

October 22, 2024

Brazilian plane maker Embraer SA is studying the market and new technology that could warrant it building an all-new jet, CEO Francisco Gomes Neto told CNBC. A new airplane could help the airplane manufacturer compete with much larger rivals Airbus and Boeing, which deliver hundreds of jets a year compared with Embraer’s dozens of aircraft. But Gomes Neto […]

Economy

Spirit AeroSystems to furlough 700 workers as Boeing machinist strike continues

October 22, 2024

Boeing supplier Spirit AeroSystems will furlough some 700 workers as a strike by machinists at the plane maker enters its sixth week, a spokesman for the supplier said Friday. More than 32,000 Boeing workers walked off the job Sept. 13 after overwhelmingly rejecting a tentative labor deal with Boeing, deepening the aircraft producer’s financial strain and handing a new challenge to CEO Kelly […]

Economy

Boeing workers to vote on new proposal that could end strike

October 22, 2024

Boeing and its machinists’ union have reached a new contract proposal, the union said Saturday, outlining a deal that could end a more than month-long strike that has hobbled the manufacturers’ aircraft production. The ratification vote is set for Wednesday. The new proposal includes 35% wage increases over four years, a higher signing bonus of $7,000, guaranteed minimum payouts […]

Economy

Chick-fil-A is releasing its own entertainment app, with family-friendly shows and podcasts

October 22, 2024

Chicken sandwiches, waffle fries, milkshakes — and now TV shows and podcasts? Chick-fil-A plans to launch a new app on Nov. 18, with a slate of original animated shows, scripted podcasts, games, recipes and e-books aimed at families. While it’s an unusual move for a restaurant company to wade into the crowded media world, Chick-fil-A […]

Economy

Disney will name Bob Iger’s replacement in early 2026

October 22, 2024

Disney has tapped James Gorman to replace Mark Parker as the company’s next chairman, effective in January, as the media giant lays the groundwork to name a successor for CEO Bob Iger in early 2026, the company said Monday. Gorman joined Disney’s board less than a year ago and was named the head of the succession planning committee in August. […]

Economy

Microsoft to roll out new autonomous AI agents next month, fending off challenge from Salesforce

October 22, 2024

LONDON — Microsoft will allow businesses to start making their own autonomous artificial intelligence agents starting next month, taking the fight back to Salesforce, which introduced its own configurable agentic AI tools in September. At its “AI Tour” event in London on Monday, Microsoft revealed plans to allow organizations to create their own autonomous agents within Copilot Studio, […]

Economy

TikTok parent company dismisses intern who it says ‘maliciously interfered’ with its AI technology

October 22, 2024

TikTok’s parent company says it has dismissed an intern who it found had ‘maliciously interfered’ with its artificial intelligence technology effort. In a statement in Chinese released Monday, the parent company, ByteDance, said the intern had committed a ‘serious violation’ against its commercial technology team’s ‘research project.’ In particular, the intern’s actions affected ByteDance’s AI […]

Browse category by Economy

Elon Musk, Tesla, Warner Bros. Discovery sued over alleged ‘Blade Runner 2049’ AI ripoff for Cybercab promotion

Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise

Some Juul users are receiving thousands of dollars as part of a $300M class action settlement

Embraer CEO says jet maker studying possibilities for a new aircraft

Spirit AeroSystems to furlough 700 workers as Boeing machinist strike continues

Boeing workers to vote on new proposal that could end strike

Chick-fil-A is releasing its own entertainment app, with family-friendly shows and podcasts

Disney will name Bob Iger’s replacement in early 2026

Microsoft to roll out new autonomous AI agents next month, fending off challenge from Salesforce

TikTok parent company dismisses intern who it says ‘maliciously interfered’ with its AI technology

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