AMC’s CEO says the movie theater company has finally recovered from pandemic-era difficulties
AMC Entertainment says it has moved beyond the financial strain it faced after the COVID-19 pandemic, when theater closures drained cash and left the company managing substantial debt. The business also contended with broader changes in the film industry, including shorter theatrical runs, competition from streaming services and production delays caused by the 2023 writers’ […]
A Democratic tycoon buys a leading home security company to train his business partner’s AI.
ADT customers may eventually see artificial intelligence become a bigger part of their home security service. Thrive Holdings, a company with ties to OpenAI, acquired the security firm last month, setting the stage for a possible AI-focused overhaul. Thrive Holdings is backed by OpenAI and spun off from Thrive Capital, the investment firm founded by […]
This top company that spots AI-made content has just given you a tool to reveal fake videos
AI-generated videos are becoming both more common and more convincing, making them tougher to spot. Pangram, a company focused on AI detection, says it has developed new tools to help identify synthetic images and video. The company introduced two models on Wednesday: Pangram Image 1.0 and Pangram Image Flash 1.0. Pangram describes them as leading […]
Cruise company founder says he’s “the villain” after more than 200 passengers are left stranded
The captain of the Villa Vie Odyssey says the decision to make 203 residents leave the ship in Cambodia was “really painful,” after a severe fuel shortage disrupted their plans to live at sea. The company suspended the vessel’s round-the-world trip earlier this week, saying sharply rising fuel costs had made it too expensive to […]
Popeyes’ parent company attributes mixed third-quarter results to ‘complicated’ chicken wings.
Popeyes Faces Challenges with Chicken Wing Offerings Many consider cooking chicken wings to be an art form, but for Popeyes, it seems to have brought some complications, which contributed to mixed results for the third quarter at its parent company, Restaurant Brands International. In the US, same-store sales for Popeyes fell by 2.2%, and executives […]
11 million accounts compromised as a new cyberattack impacts this well-known gaming company
Capcom Data Breach Exposes User Accounts Data breaches are quite the pest for any online organization—this includes password managers, banks, and cybersecurity firms. Interestingly, game developers, like Capcom, are often overlooked when it comes to hacks, but they face risks too. Recently, Capcom experienced a security incident that resulted in the exposure of 11.7 million […]
Government files unusual lawsuit against Google, alleging the company denied an Army reservist his previous job.
The United States government filed a lawsuit on Thursday against Google, claiming that the company did not reinstate an employee or provide him with a similar position after he returned from a year of military leave as a reservist in the US Army. This case, presented in Manhattan federal court, is notable because it represents […]
Alphabet’s shares drop as Google’s parent company loses close to $500 billion
Gary Kaltbaum, President of Kaltbaum Capital Management, recently discussed the Nasdaq’s significant drop, driven by worries around technology and AI expenditures, along with Alphabet’s steep stock decline, on ‘The Claman Countdown.’ On Thursday, Alphabet, the parent company of Google, saw its market value plummet by around $500 billion as shares sank nearly 13% due to […]
Alphabet, Google’s parent company, declines as profits fall short.
Alphabet, Google’s parent company, reported disappointing results on Wednesday, falling short of profit and revenue expectations. The company’s stock plunged over 10% in after-hours trading, primarily due to increased spending on artificial intelligence, which has been accelerating its cash burn. According to Chief Financial Officer Anat Ashkenazi, capital expenditures related to AI are expected to […]
Flock CEO Wants You To Believe That Online Hate Against His Company Isn’t Genuine
Flock Safety CEO Claims Online Resistance Is Artificial Garrett Langley, CEO of Flock Safety, suggested on Sunday that the backlash against his company is largely orchestrated by Russian bots, a claim he made without offering any evidence, based on leaked audio shared by 404 Media. At a conference held by the International Association of Chiefs […]