Four Truths About OpenAI’s Wild Financial Position
As OpenAI raised the multibillion-dollar funding round it closed earlier this month, it sent its financial projections to various interested parties. Last week, The Information published a good chunk...
View ArticleSAG-AFTRA Video Game Contract Talks Extended, New Dates TBA
There’s still no new deal, but talks between SAG-AFTRA and the major video game companies have been extended with new dates to be announced soon. In the meantime, the guild’s strike against all...
View ArticleMeta Builds AI Search Engine to Reduce Its Dependency on Google and Bing
Meta, Facebook’s parent company, is building its own artificial intelligence-powered search engine in order to reduce its dependence on answers from Google and Bing, The Information reported on...
View ArticleSAG-AFTRA Reaches Deal on AI Protections With Digital Replica Company Ethovox
As part of its efforts to build industry standards around artificial intelligence protections for actors, SAG-AFTRA announced a deal with AI company Ethovox on Monday as it creates a “foundational...
View ArticleYouTube Posts Second-Best Quarter Ever With $8.9 Billion in Sales
YouTube reported its second best quarter ever in terms of sales on Tuesday, with the Alphabet-owned streaming platform posting $8.92 billion in Q3 revenue. Company executives said the strong quarter...
View ArticleSnapchat’s Stock Jumps 15% on Q3 Report, Share Buyback Plan
Snap Inc. shareholders are enjoying a nice Wednesday morning, with the Snapchat parent company’s stock jumping 15% following a strong Q3 report and the announcement of a share buyback plan. The Los...
View ArticleDisney+ Launches Top 10 Movies and Shows in App
Disney+ launched its new “Top 10 Today” feature on Wednesday, which showcases popular movies and series on the streamer in ranked fashion. But it’s not necessarily ranked by popularity: views are a...
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Meta Posts Record $15.7 Billion Profit as Net Income Balloons 35% in Q3
Meta, the parent company of Facebook and Instagram, reported a record quarterly profit on Wednesday afternoon, as well as stronger-than-expected sales figures, despite a minor slow down in revenue...
View ArticleFormer NATO Heads Launch Database to Connect Indie Filmmakers With Movie...
The Fithian Group, the theatrical consulting firm co-founded by former National Association of Theater Owners CEO John Fithian with Jackie Brenneman and Patrick Corcoran, will launch a new database in...
View ArticleApple’s Profit Drops 36% as Tech Giant Pays $10 Billion to Resolve European...
Apple reported its best fourth quarter sales ever on Thursday, thanks to a record performance from its Services sector, which includes revenue from the App Store, Apple TV+ and Apple Music. At the...
View ArticleTrade War? Tariffs? How A Trump Election Would Change Tech
The tech industry is dependent on global trade. Semiconductors, phones, and items in ecommerce shops typically cross borders before reaching their destinations. And when the global supply chain is...
View ArticleDisney Forms Business Unit Focused on Use of AI, Mixed Reality
As Disney explores the potential use of technologies such as artificial intelligence and mixed reality across its film, television and theme park divisions, the company is establishing a new business...
View ArticleParamount ‘Intentionally’ Violated Subscribers’ Privacy by Sharing Viewer...
A class action lawsuit filed in New York on Friday claims Paramount illegally shared Paramount+ users’ data with third-party apps like Facebook and TikTok. The lawsuit is seeking at least $5 million...
View ArticleElon Musk Fails to Get Ex-Twitter CEO’s Severance Pay Claim Dismissed
Elon Musk was dealt what was a significant setback late Friday in a court fight over compensation sought by the top Twitter Inc. executives he fired when he took over the company in 2022. A judge...
View ArticleWarren Buffett’s Berkshire Hathaway Continues Selling Off Apple Stock
Warren Buffett’s Berkshire Hathaway has taken another bite out of its huge holdings in Apple Inc. stock. The Omaha, Nebraska company reported its third quarter results Saturday, noting a $69.9 billion...
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How Film Schools Are Bracing for Change in a Time of Hollywood Disruption
College is expensive. Film school can be even pricier. So it’s understandable that parents might worry about forking out $70,000 a year for their kid’s future in a cutthroat industry that isn’t known...
View ArticleElon Musk Can Continue $1 Million Voter Giveaways Through Election Day, Judge...
A Philadelphia judge ruled Monday that Elon Musk can continue to give away $1 million per day to registered voters in swing states. That action blocks a civil lawsuit filed last week by the city’s...
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Google Says ‘Fix Is Coming’ for Search Feature Showing Map Directions for...
Google on Tuesday said a “fix is coming” after the search engine was offering different results on Election Day, depending on whether users queried “where can I vote for Trump” or “where can I vote...
View ArticleNew York Times Election Needle in Jeopardy Amid Tech Strike
Update: At about 8:30 p.m. ET, The New York Times’ Needle went live. On its web page, it said the election was “a tossup,” but it nonetheless estimated Trump to win 279 electoral votes, compared to...
View ArticlePrime Video Is Using AI to Write Recaps for TV Shows
Amazon is pulling Prime Video further into the AI game. The corporation has now launched X-Ray Recaps, allowing the streaming service to provide customized recaps to viewers as they watch — generated...
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