Stock of the Week Under $10: American Axle & Manufacturing
The recent United Auto Workers strike has taken its toll on both automakers and the large number of companies that supply them. This temporary bump in the road may provide…
YouTube’s New Tool Lets Politicians Hunt Down AI Deepfakes of Themselves — Before They Go Viral
The technology launched last year for 4 million YouTube creators and is now expanding to a pilot group of government officials and candidates.
India’s Reliance readies credit card debut
India’s fast-growing co-branded credit card market may soon see a new entrant: the country’s most valuable firm. Reliance is working with the state-backed lender SBI to launch two co-branded credit cards on the homegrown Rupay network, according to documents reviewed by TechCrunch. The cards, called Reliance SBI Card, will offer some “exclusive” benefits, such as […]
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Cruise pauses all driverless robotaxi operations to ‘rebuild public trust’
Cruise said Thursday evening it has paused all driverless operations, a decision that comes just two days after the California Department of Motor Vehicles suspended Cruise’s deployment and driverless testing permits effectively ending its robotaxi operations in the state. The action means that driverless operations in Austin and Houston, where the company had started charging […]
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Ford delays $12B in EV investments as automaker wrestles with demand
Ford is delaying about $12 billion in planned investments on EVs, including delaying construction of a second battery plant with joint venture partner SK On due to softening demand for higher priced premium electric vehicles. CFO John Lawler emphasized Thursday during the company’s third-quarter earnings call that the company wasn’t backing away from its next-generation […]
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Twitch’s money guy talks about the revenue split controversy and its monetization long game
Twitch has had a tense year, in part due to community backlash over policy changes that affect the way creators can monetize their content. Last year, the company announced that it would end the 70/30 subscription revenue split deal that it had offered select streamers in favor of prioritizing ad revenue. In June, Twitch launched […]
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Sam Bankman-Fried takes the stand, but without jurors
The judge sent the jury home. He first wanted to review Sam Bankman-Fried’s comments before determining whether that testimony could be shared with jurors.
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‘Blood-Curdling Scream’: FBI Investigating ‘Attack’ on Carnival Cruise Ship
The incident occurred on a Carnival Magic ship headed back to its port in Norfolk, Virginia.
Unraveling TikTok Trends in the Workplace
TikTok has become more than just a platform for the younger generation to showcase their talents and engage in entertaining content.
Magic Leap’s new CEO is a Bain Capital exec
Five weeks ago, Magic Leap CEO Peggy Johnson joined me onstage at Disrupt. Much of the conversation focused on the augmented reality hardware company’s full pivot into enterprise applications with the Magic Leap 2. Johnson, a former Microsoft and Qualcomm exec, spearheaded the shift in business strategy when she joined the company in August 2020. […]
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Who Is Ted Pick? Morgan Stanley’s New CEO Has Been With the Company for 3 Decades
Ted Pick is replacing James Gorman, who has been CEO since 2010.