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[ad_1] Facebook Tweet Email Link Skydance Media needs the approval of President Donald Trump’s Federal Communications Commission in order to take over Paramount Global. It’s now promising to root out “bias” at CBS News in order to get it. In a pair of letters filed Tuesday with the FCC, Skydance committed to a post-merger “comprehensive review of CBS,” including a promise to install an ombudsman to evaluate complaints of “bias or other concerns” at the news network and report their findings to the new Paramount’s president. Skydance also committed to eliminating Paramount’s diversity, equity and inclusion practices at the entertainment…

[ad_1] Nvidia investors should expect a slow, methodical China recovery and not a near-term sales spike. Earlier this month, the company announced plans to resume sales of H20 chips to China . The less-advanced semiconductors, built on its Hopper architecture, are designed for artificial intelligence computing, but remain compliant with U.S. export restrictions to China. However, a report in The Information suggested Nvidia is facing production delays in restarting H20 shipments to China. The report flags logistical setbacks, but Nvidia has already outlined a similiar timeline , indicating that revenue from these chips will likely be negligible until at least…

[ad_1] Less than a week after it became Europe’s latest unicorn, Swedish vibe coding startup Lovable is now also a centaur — a company with more than $100 million in annual recurring revenue (ARR). Lovable took only eight months since its launch to get here, thanks to the skyrocketing popularity of its AI-powered website and app builder. The startup claims it now has more than 2.3 million active users, and last reported 180,000 paying subscribers.  With only 45 full-time employees, and 14 open positions on its careers page, that makes for an impressive employee-to-revenue ratio. Subscriptions seem to be driving…

[ad_1] OpenAI is emerging as a key player in India’s AI landscape, with JPMorgan spotlighting the country as a strategic growth frontier for the startup.Bolstered by its strength in conversational AI, OpenAI is positioning itself to capture a significant share of India’s massive mobile-first, digital-native population, according to JPMorgan analysts, who published a big research note on the startup this week.Youth and mobile penetrationIndia’s appeal is clear: more than 945 million mobile phone users and one of the youngest populations globally.According to JPMorgan, ChatGPT has experienced faster download growth in India than in most other regions, aided by viral use…

[ad_1] AI-powered Dynatrace is a turnaround story that’s building on a strong start to the current fiscal year that ends next March, according to Guggenheim Securities. Analysts led by Howard Ma upgraded shares to buy from neutral and introduced a $66 price target. That implies the stock — down this year but ahead nearly 20% in the past three months — could gain another 25.5% over the next 12 months. Dynatrace, a Boston-based developer of software intelligence platforms, is scheduled to report fiscal first-quarter results on July 30, according to FactSet data. Ma’s upgrade is “based on increased confidence that…

[ad_1] Privacy-focused productivity tools maker Proton on Wednesday released its AI assistant, called Lumo, which it says prioritizes protecting user data. The company says the chatbot keeps no logs of your conversations, has end-to-end encryption for storing chats, and offers a ghost mode for conversations that disappear as soon as you close the window. Available via a web client, as well as Android and iOS apps, Lumo doesn’t require you to have an account to use the chatbot and ask questions. You can upload files to have the chatbot answer questions about them, and if you have a Proton Drive…

[ad_1] Facebook Tweet Email Link The pay gap between America’s corporate leaders and their workers grew even larger in 2024, according to the AFL-CIO’s annual Executive Paywatch report, released Wednesday. CEOs at the nation’s 500 largest public companies took home $18.9 million last year, or 285 times as much as the typical US worker’s paycheck of $49,500. That’s up from a ratio of 268 to 1 a year earlier, according to the AFL-CIO, a powerful federation of labor unions representing 15 million workers. The typical employee would have had to start working in 1740 to earn what the average CEO…

[ad_1] CNN  —  The trade group representing the traditional Big Three US automakers is objecting to the US agreement with Japan, saying it would be unfair to American automakers and parts suppliers. The trade agreement announced Tuesday by the Trump administration would place 15% tariffs on imports from Japan, including autos and auto parts. The American automakers claim that gives Japanese imports an unfair advantage over other imported vehicles, including those assembled in Mexico and Canada by US companies with a significant number of US parts. Most imported cars – including American cars made outside the United States – face…

[ad_1] Here are Wednesday’s biggest calls on Wall Street: Seaport upgrades Toll Brothers to buy from neutral Seaport said it’s getting more constructive on the homebuilder. “Have the Builders priced in known bad news enough – falling margins, orders, FY26 units – to warrant a more constructive posture? We think so, and upgrade Taylor Morrison and Toll Brothers to Buy.” Rothschild & Co Redburn reiterates Nvidia as buy The firm said earnings visibility is improving. ” Nvidia is back to playing offense and recent sovereign investment deals improve earnings visibility. We raise our FY26-28 estimates between 1% and 5% and…

[ad_1] U.S. President Donald Trump is expected to unveil his long-awaited AI Action Plan at a Washington D.C. event Wednesday hosted by Silicon Valley insiders — his first major address concerning artificial intelligence since he took office for the second time in January. The AI Action Plan should provide a roadmap of the Trump administration’s strategies, priorities, and concerns around AI — likely a technology that will come to define the 47th President’s term. The plan is effectively a replacement for the Biden AI executive order, the previous administration’s AI strategy which placed a large focus on mandating AI companies…