Investments and Business

How the Humane AI Pin Failed

How the Humane AI Pin Failed

Related media - Recent news Ms. Bongiorno and Mr. Chaudhri said Humane was working on problems with the device. The startup has added more voice navigation options to the device, as well as sound effects, to make it easier to use. The updates include the integration of OpenAI's latest chatbot system, GPT-4o, designed to improve battery life by 25% and reduce the device's response time to two seconds. Those updates responded to questions raised by auditors, the founders said. Ms. Bongiorno defined the reviews and feedback as “a gift that has been given to us”. Companies are interested in the…
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Sony Pictures Acquires Alamo Drafthouse in Lifeline to Cinema Chain

Sony Pictures Acquires Alamo Drafthouse in Lifeline to Cinema Chain

More news - Recent news Terms of the deal were not disclosed. Sony bought Alamo from Altamont Capital Partners and Fortress Investment Group, as well as the chain's founder, Tim League. Mr League said the cinema chain was “more than thrilled” with the deal. This comes at a time of financial difficulty for the Alamo and the film industry as a whole. Many of Alamo's franchised locations filed for bankruptcy and closed this month, making Sony's move a potential lifeline for the struggling chain. Alamo filed for Chapter 11 bankruptcy in 2021 before a private equity firm intervened. The theaters…
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Check out photos from inside the 2024 Belmont Stakes

Check out photos from inside the 2024 Belmont Stakes

Related media - Breaking news Summer at the spa - a ritual that has lasted nearly 200 years - began early in Saratoga Springs, New York, with the third leg of the Triple Crown, the Belmont Stakes, held Saturday for the first time at Saratoga Race Course, a relic revered where elites and others mingle, but horses dominate. Broadway, the city's central thoroughfare, was abuzz with activity. Lines for picnic tables along the trail formed before dawn. A new color, Belmont Green, blends with the track's signature red and white coating. Owners, trainers, runners and loyalists all hailed the break…
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Tesla shareholders will vote on Elon Musk’s big payday.  What happens then?

Tesla shareholders will vote on Elon Musk’s big payday. What happens then?

Related media - News 24 hours Tesla could use shareholder approval to support Musk's case in court. If it wins the vote on Musk's compensation, the company is likely to turn to Chancellor Kathaleen McCormick, the Delaware Court of Chancery judge who rejected the compensation plan, and argue that shareholders, armed with information she says not having had it when they approved the package, they ratified the proposal again. This, according to the company, makes the issue controversial. If McCormick were to declare the plan acceptable, it is likely that the plaintiffs who initially sued will appeal to the Delaware…
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