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...“Sora is causing enormous excitement,” said media analyst Claire Enders....
...However, operating income slid 15 per cent to $181mn, while net income dropped by more than 75 per cent to $50mn, the documents show....
...Separately, the commission will take a year to determine whether Apple’s iPad operating system should also be part of the list, despite receiving no official submission by Apple....
...The fact that the AI has been trained on the very same copyrighted content it aims to bypass adds insult to injury. It is not only traditional content creators who are worried....
...The DMA, a sweeping set of rules unveiled in March 2022, aims to keep in check the market power of six “gatekeepers”: Alphabet, Amazon, Apple, ByteDance, Meta and Microsoft....
...The commission said it was looking at whether Apple was meeting its obligations to allow users “to easily uninstall any software applications” on its iOS operating systems and change default settings, browsers...
...The New York-based hedge fund released a 133-page report this month that took aim at Disney’s board and set out initiatives to “restore the magic”....
...Christopher Finn, the longtime chief operating officer at Carlyle Group, is retiring this summer....
...Cruise on Thursday said it was co-operating with law enforcement agencies....
...The FT previously reported he had threatened to quit after being excluded from a new operating committee....
...Who belongs in the social media product market? For example, under the FTC’s allegations, Twitter/X is not in the market....
...newly listed social media group could run out of money within a year....
...The firm’s sponsors aim to attract hundreds of millions of dollars from investors....
...operating profit to €112mn....
...This week, Amazon said it had further extended the life of its servers, which it predicted would boost operating income by $3.1bn in 2024, generating additional profits of $900mn in the first quarter alone...
...The three cloud providers, meanwhile, have been adding safety filters to their tools that aim to screen out any potentially problematic content that is generated....
...property group files for insolvency (FT) Deutsche Bank chief says EU should consider scrapping bonus cap (FT) LME wins High Court ruling over cancelled nickel trades (FT) Golden Goose: polished valuation aims...
...The money comes from the 2022 Chips and Science Act, which aims to onshore advanced chipmaking for the US....
...That could cut operating profit by up to 16 per cent. The knock-on effect could change investor payouts....
...But Russian officials and state media have made little reference to Isis’s claim....
...Iger and Roberts, both long-serving media chiefs, have competed against each other for decades....
...Private equity firm Welsh, Carson, Anderson & Stowe has hired Megan Callahan as an operating partner. She was previously operating chief of digital healthcare group Twill....
...Armed with messianic conviction and social media savvy, Cathie Wood has built a lucrative career pitching disruptive companies to US retail investors....
...In 2019, it registered an operating income loss of $892mn....
...Operating margins rose 1 percentage point to 29 per cent from a year ago and were up 4 percentage points from the previous quarter....
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