entreprises
San Francisco (AFP) - Microsoft, the tech titan most closely associated with AI, has announced nearly $10 billion in investments in artificial intelligence abroad in recent months, the price it is willing to pay to remain a top player in this crucial market. The overnight success of OpenAI's ChatGPT thrust generative AI as Silicon Valley's latest tech revolution, lifting Microsoft, OpenAI's main backer, to become the world's most valuable company. Since then, the maker of Windows and its rival Google have been competing furiously, rolling out tools that produce text, images or lines of code on...
AFP
New York (AFP) - Oprah Winfrey's announcement that she is leaving the board of WeightWatchers sent the company's shares tumbling Thursday -- the latest sign of trouble for the brand as it struggles to compete with new weight-loss drugs. The departure of Winfrey, who has often addressed her own weight issues during her high profile television and business career, comes after she revealed last year that she was taking prescription anti-obesity medication. A new generation of anti-diabetic drugs, which include Ozempic, Wegovy and Mounjaro, have been hailed as an effective treatment for obesity --...
AFP
York (United States) (AFP) - Parents of young children in the United States are finding that with day care centers in short supply, or too expensive, more and more of them -- mostly mothers -- are having to stay at home to look after their kids. "It was just an undercurrent previously that was exposed and compounded by the pandemic," said Kevin Schreiber, who heads an association of business leaders in York County, Pennsylvania. He was speaking to AFP on the sidelines of a visit by the chairman of the US Federal Reserve, Jerome Powell, and of its Philadelphia branch, Patrick Harker, who came ...
AFP
New York (AFP) - A key selling point of Donald Trump's 2016 presidential run was that he was a businessman, not a politician. But his corporate empire -- which served as proof to many voters of his economic bonafides -- is now in jeopardy after a judge ruled Tuesday that the former president, his sons and the Trump Organization had engaged in "persistent and repeated fraud." The ruling stemmed from a fraud case brought by New York Attorney General Letitia James, which still must go to trial Monday. In a partial victory for James, Judge Arthur Engoron found there had been a systemic overvaluat...
AFP
New York (AFP) - Lachlan Murdoch, the heir of the sprawling media empire whose politics skew as conservative as his father Rupert's, is set to take over the family business in November, the choice of continuity. Lachlan is already president of Fox Corporation, parent company of the Fox News cable television channel, and was long the favorite against his brother James to succeed the family patriarch. "Lachlan is reportedly the more conservative son of the two, James has more progressive politics," said Reece Peck, New York University professor and author of "Fox Populism," a book about the chan...
AFP
New York (AFP) - A civil trial over allegations that Donald Trump and his sons fraudulently overvalued the net worth of company assets by billions of dollars is scheduled to last three months, a New York judge said Friday. Judge Arthur Engoron had already determined the non-jury trial would begin October 2 in Manhattan. Preliminary headings were set for the end of September. In an order made public on Friday, the judge specified that the trial would run until December 22. New York State Attorney General Letitia James on Friday again sent the state Supreme Court hundreds of pages of documen...
AFP
New York (AFP) - Jimmy Fallon, host of NBC's flagship "Tonight Show," has apologized to staff after employees accused him of creating a "toxic workplace," according to a report in Rolling Stone magazine. The music and culture magazine said Fallon, a comedian and one of the stars of US late-night TV, had been accused by two current employees and 14 former "Tonight Show" workers of "erratic behavior" with some saying the show had been "a toxic workplace for years." One unnamed person interviewed by Rolling Stone said Fallon, 48, would "snap at crew members, express irritation over the smallest o...
AFP
New York (AFP) - CNN announced Wednesday that British media veteran Mark Thompson would assume the role of its next CEO, as the news outlet struggles to reverse a ratings decline. Thompson -- the former director-general of the BBC as well as the former president and CEO of The New York Times Company -- will begin the position on October 9, CNN parent company Warner Bros. Discovery said in a statement. He takes over after the embattled former head Chris Licht stepped down in June, having faced controversy for editorial decisions including a town hall meeting with former president Donald Trump t...
AFP
New York (AFP) - Paramount Global said Monday it had reached an agreement to sell Simon & Schuster, a top US publisher, to private equity firm KKR for $1.62 billion. The proposed sale, if it goes through, will end a years' long effort to sell the prestigious publishing house, whose authors include Stephen King, Colleen Hoover and Bob Woodward. "We are pleased to have reached an agreement on a transaction that delivers excellent value to Paramount shareholders while also positioning Simon & Schuster for its next phase of growth with KKR," Paramount Global president and CEO Bob Bakish said in a...
AFP
New York (AFP) - With the closure of BuzzFeed News and bankruptcy looming at Vice, the once promising world of free digital media finds itself at a crossroads, seeing ad revenues dry up at the same time as disappointed investors begin walking away. BuzzFeed, one of the OG new media disruptors, announced in late April that it would shutter its news division. Translation: 180 jobs lost. As for Vice, the company -- once a darling that attracted major funding from Disney and Fox, among others -- has canceled its signature show Vice News Tonight, laid off 100 people, and is reportedly on the verge ...
AFP
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