business on The Soothsayer

Comcast Spins Off Cable TV Networks as Streaming Dominance Continues

Comcast, the US media giant, has announced plans to spin off its cable television networks, including USA, Oxygen, and E!, as the company shifts its focus towards streaming services. This move comes as millions of viewers continue to cut the cord and rely on platforms like Netflix, YouTube, and Amazon Prime Video for their entertainment…

Rio Tinto Faces Bullying and Harassment Issues Amid Workplace Culture Efforts

A recent review of Rio Tinto’s workplace culture has found that over a third of employees experienced bullying in the past year, with female employees being more likely to report such incidents. The company has made efforts to tackle sexism and racism, but the review suggests that more work is needed to achieve sustained change….

OpenAI’s AI Training Data Debacle: A Copyright Lawsuit’s Unforeseen Twist

In a surprising turn of events, OpenAI has accidentally deleted data potentially relevant to a copyright lawsuit filed by The New York Times and Daily News. The lawsuit alleges that OpenAI scraped their works to train its AI models without permission. OpenAI engineers erased the data, but were able to recover most of it, albeit…

Trump Taps Former Congressman for Transportation Secretary, Promising a “Golden Age of Travel”

US President-elect Donald Trump has nominated Sean Duffy, a former congressman and Fox Business host, as his pick for Transportation Secretary. Trump believes Duffy will usher in a “golden age of travel” by prioritizing excellence, competence, and beauty in rebuilding America’s highways, tunnels, bridges, and airports. Duffy’s nomination comes as the US transportation sector faces…

Spirit Airlines Files for Bankruptcy, Seeks Restructuring Amid Intense Competition

Spirit Airlines, a major US airline, has filed for Chapter 11 bankruptcy protection due to years of losses, failed merger attempts, and heavy debt levels. The airline has struggled with intense competition among US carriers for price-sensitive leisure travelers and an oversupply of airline seats in the domestic market. Despite this, Spirit expects to continue…

Musk’s Lawsuit Against OpenAI Sparks Concerns Over AI Competition

Elon Musk, the world’s richest man, has filed a lawsuit against OpenAI, accusing the company of abandoning its original mission as a nonprofit organization. Despite this, Josh Kushner, a key investor in OpenAI, has expressed admiration and respect for Musk, praising his intentions to do right by everyone. The lawsuit has sparked concerns over the…

ABGA and Animoca Brands Join Forces to Accelerate Web3 Innovation

ABGA, a leading Web3 gaming club, has announced a partnership with Animoca Brands to co-host the Kaia Demo Day. This collaborative event aims to showcase innovative projects within the Kaia Ecosystem, promoting the adoption of Web3 technology and accelerating ecosystem innovation. The partnership will leverage ABGA’s Web3 resources and Animoca Brands’ technical expertise to support…

Boeing Workers End 7-Week Strike, Return to Work

Boeing workers in the United States have voted to accept the aircraft manufacturer’s latest contract offer, ending a seven-week strike that crippled production of the 737 Max and 777. The International Association of Machinists and Aerospace Workers (IAM) said 59 percent of its members voted to approve the deal, which includes a 38 percent pay…

Firefox Turns 20: Can Mozilla Restore Its Former Glory?

Mozilla’s Firefox browser is celebrating its 20th anniversary, and the company is refocusing on its core business. Interim CEO Laura Chambers aims to restore Firefox’s growth path by prioritizing product development, investing in user experience, and innovating with AI. Mozilla is also looking to reach new users, especially younger ones, and is running marketing campaigns…

OpenAI Faces Safety Concerns as Another Top Researcher Departs

OpenAI, a leading artificial intelligence startup, has lost another top researcher, Lilian Weng, who served as Vice President of Research and Safety. Weng’s departure marks the latest in a string of AI safety researchers and executives who have left the company in the past year, raising concerns about OpenAI’s focus on commercial products over AI…

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