After struggling financially and months of struggling to secure the acquisition before agreeing to the merger, Skydance Media Paramount announced it will cut roughly 15% of its total US workforce as part of broader cost-cutting initiatives. Paramount said approximately 2,000 workers will be laid off, with layoffs beginning in the coming weeks and ending by … Read more
How much would Meta have to pay you to clone your voice for AI? Meta is offering to pay celebrities millions in exchange for the right to capture their voices and use them for AI, according to separate reports from Bloomberg and The New York Times last week. Judi Dench, Awkwafina and Keegan-Michael Key were … Read more
After the CrowdStrike update in July and the subsequent IT outage that affected Microsoft-operated devices and Delta Airlines software, scorned travelers filed a class-action lawsuit against the airline. The lawsuit, filed in the Northern District of Georgia, alleges that passengers were denied refunds and other compensation. And it’s not the only legal issue the airline … Read more
Earlier this year, Humane was a promising wearable AI startup aiming to create a device to replace the smartphone. It has raised over $200 million from big names including Microsoft, OpenAI CEO Sam Altman and Salesforce CEO Marc Benioff to develop a device that can make calls, send texts, answer questions and translate from one … Read more
Disney reported its Q3 2024 earnings on Tuesday, and while the company posted a win in its streaming division, its namesake theme park experience didn’t have the same results. The company reported a 3.3% drop in third-quarter operating income to $2.22 billion in its Experiences segments, which include its domestic and foreign theme parks. Related: … Read more
An award-winning economist says what he sees as over-investment in AI – and warns that overestimating machines and underestimating humans could be a big mistake. In an interview with NPR on Tuesday, MIT economist Daron Acemoglu explained that he doesn’t think artificial intelligence will revolutionize the economy in the next 10 years. “I mean, unless … Read more
After 15 years, multi-millionaire investor Kevin O’Leary earned his moniker Mr. Wonderful deals season on “Shark Tank.” Now he’s using that reputation to launch a new venture with a cheeky play on his name. Businessman spoke exclusively with O’Leary, 70, about his latest endeavor, WonderAds, the TV ad agency he founded with Shazam founder Philip … Read more