AI system flaws
OpenAI introduces AI model that turns text into video
OpenAI is working on a software that can generate minute-long videos based on text prompts.
acquisition
‘Call of Duty’ gamers sue Activision for monopolizing leagues, tournaments
Activision Blizzard has been hit with a U.S. lawsuit claiming it restricts competition for organized gaming involving “Call of Duty.”
AI-enabled chips
Qualcomm forecasts quarterly profit above estimates, shares rise
Qualcomm forecast fiscal second-quarter profit slightly above Wall Street estimates and sales in line with market expectations.
BYD
Tesla set to erase $70 billion in valuation after Musk’s sales warning
Tesla tumbled nearly 11% on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts.
Airline industry
US scrutinizing airline frequent flyer programs
The U.S. Transportation Department is scrutinizing the frequent flyer programs of major U.S. airlines for potential deceptive or unfair practices.
Abril Elfi
50-year-old Trans Swimmer Shares Locker Room With Teen Girls, Competes Against Them
A 50-year-old transgender swimmer competed against teen girls and used the same locker room as girls as young as eight years old.
ad revenue
Netflix to squeak past Disney+ in US advertising revenue in 2024 – report
Netflix is set to pull ahead of Disney+ in the race for U.S. advertising dollars next year as price hikes and a password-sharing crackdown pull more viewers to its ad-supported plan.
$86 billion valuation
Microsoft emerges as big winner from OpenAI turmoil with Altman on board
Microsoft emerged on Monday as the big winner of the upheaval at OpenAI, hiring ousted CEO Sam Altman and other key staff of the startup.
Alphabet
US consumer watchdog proposes rules for Big Tech payments, digital wallets
US watchdog proposes rules for Big Tech payments and digital wallets, aiming for consumer safeguards.
Air travel
US seeks to block JetBlue’s Spirit Airlines deal at trial
A U.S. Department of Justice lawyer urged a federal judge to block JetBlue Airways’ planned $3.8 billion acquisition of ultra-low-cost carrier Spirit Airlines.