Rivian’s Losses Reach $1.45 Billion Amid Ongoing Cost-Reduction Efforts
In the first quarter, Rivian reported a loss of $1.45 billion, showing that its recent efforts to cut costs across the company will need further progress before...
Meta To Broaden AI Image Generation Options for Ads
Meta Platforms, the parent company of Facebook and Instagram, announced on Tuesday that it is expanding its lineup of generative AI advertising products....
Apple Is Developing Chips for AI Software in Data Centers, According to Reports
According to a report from the Wall Street Journal, Apple has been working on chips designed to power artificial intelligence software within data centers....
Emotion Emerges as a Key Brand Value Measure in 2024
In 2024, CMOs are making measurable brand value their top priority, with emotion taking on a significant role in this assessment....
Hyundai Invests $1 Billion in AV Startup Motional
Hyundai is set to invest almost $1 billion in Motional, securing a majority stake in the self-driving startup and providing vital capital for its ongoing operat...
Disney World’s Theme Parks Are Emerging as a Prime Location for Remote Workers
An increasing amount of people are opting to work remotely from Disney World theme parks....
Sony and Apollo Express Interest in $26B Paramount Buyout Amid Skydance Merger Talks
Sony Pictures and Apollo Global Management have sent a letter to the Paramount Global board showing their interest in buying the company for around $26 billion....
Spotify Discreetly Shifts Lyrics Behind a Paid Subscription
Spotify has supposedly scoped out a new method to shift its free users behind a paywall....
Snapchat Reveals Latest AR and ML Tools for Brands and Advertisers
Snapchat has introduced a range of new augmented reality (AR) and machine learning (ML) tools created to assist brands and advertisers in engaging with users on...
Carvana Shares Rise 30% as Pre-Owned Car Seller Reveals Record First Quarter
Shares for Carvana shot up by over 30% after it reported record results and made a profit in the first quarter....
Amazon and Starbucks Share How Cautious Customers Are With Their Spending
Amazon and Starbucks executives believe U.S. consumers are becoming increasingly frugal with their spending....
Screenshots Imply TikTok Is Avoiding Apple App Store Fees
According to new evidence, TikTok might be finding ways to bypass Apple App Store fees....
Peacock Streaming Service To Raise Subscription Prices by $2 Before Summer Olympics
Ahead of the Olympics in Paris, Comcast's NBCUniversal plans to raise the monthly subscription price of its streaming service, Peacock, by $2 this summer....
Rolls-Royce Expands Factory To Craft More ‘Bespoke’ Cars
Rolls-Royce is making substantial expansions to its Chichester factory in England to focus its efforts on more expensive cars....
Fast-Food Chains in California Significantly Spike Prices on Menus
Restaurants in California are staying true to their word that menu prices would increase following the state's rise in the minimum wage for fast-food workers....
LVMH Is Creating Luxury Cityscapes Around Its Designer Stores
LVMH is transforming older neighborhoods worldwide into upscale plazas and shopping hubs....
Young Affluent Consumers Embrace Luxury Sleep Brands
A rising trend among young affluent consumers is the integration of luxury sleep brands....
Elon Musk’s OpenAI Rival xAI Is Raising $6 Billion in Funding
Elon Musk's xAI, which came to the market 10 months ago to compete with OpenAI, has raised almost $6 billion in funding....
Walgreens Broadens Specialty Pharmacy Services for Cell and Gene Therapies
Walgreens revealed its plans to collaborate directly with drug manufacturers to provide cell and gene therapies to patients in the U.S....
Meta’s Threads Has 150 Million Monthly Active Users According to Mark Zuckerberg
Meta’s Threads, which entered the market to compete with the likes of X, is growing at a robust rate....