Last week, Nestlé, the $244 billion food conglomerate behind some of the world’s most beloved candy and coffee brands, announced that its CEO, Laurent Freixe, had been dismissed for violating the company code of conduct after just one year on the job. An investigation had confirmed reports that he was having an inappropriate relationship with a direct report, the company …
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As fears swirl that American manufacturing workers and skilled laborers may soon be replaced by artificial intelligence and robots, Alex Karp, CEO of the AI and data analytics software company Palantir Technologies, hopes to change the narrative. “It’s not true, and in fact, it’s kind of the opposite,” Karp said in an interview with Fortune Thursday at the company’s commercial …
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The networking and semiconductor specialist just provided proof positive that the AI revolution is on track. The past few years have been fast and furious for Nvidia (NVDA -2.78%) investors. The company’s graphics processing units (GPUs) helped lay the foundation for the artificial intelligence (AI) revolution. The demand for these processors has been off the charts, driving an unprecedented surge …
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Edward Saatchi, CEO of Amazon-backed startup Fable, sees AI as “possibly the end of human creativity,” at least as an exclusive phenomenon. And no, he doesn’t believe that’s a bad thing. The exec made the provocative comments on CNBC on Friday in an interview on Squawk Box (watch the full segment above). The appearance was timed to the news that …
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Tesla’s board of directors is asking shareholders to approve a new pay package for CEO Elon Musk that could be worth up to $1 trillion in a decade, representing one of the richest compensation packages in corporate history. According to a regulatory filing published Friday, the electric car maker’s board wants to award Musk about 423 million shares, which today …
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Is Howard Stern going to stay on SiriusXM’s airwaves? The company’s execs certainly want to keep their marquee talk-radio star. SiriusXM is in the midst of negotiating a contract renewal for the radio host, who’s been with the satellite radio company for nearly 20 years. Amid recent rumors and speculation that he was “fired” by SiriusXM, given that his current …
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Sony Pictures Entertainment CEO Ravi Ahuja discussed the studio’s breakout movie of the summer, “KPop Demon Hunters,” on Thursday at Bank of America’s Media, Communications & Entertainment Conference in New York. Speaking with analyst Jessica Reif Ehrlich about Sony’s distribution deal with Netflix, Ahuja said the deal with the streamer “made sense.” Sony produced “KPop Demon Hunters” and sold the …
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Is Howard Stern going to stay on SiriusXM‘s airwaves? The company’s execs certainly want to keep their marquee talk-radio star. SiriusXM is in the midst of negotiating a contract renewal for the radio host, who’s been with the satellite radio company for nearly 20 years. Amid recent rumors and speculation that he was “fired” by SiriusXM, given that his current …
Read More »McDonald’s CEO raises alarm about new customer behavior TheStreet Is there a fast-food price war looming? Fox Business McDonald’s adds $5 McMuffin, $8 Big Mac meals to menu nationwide USA Today McDonald’s revives Extra Value Meals to woo budget-conscious diners Yahoo Finance McDonald’s CEO is grappling with a ‘two-tier economy’ as he slashes prices on value meals Fortune Source link
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Sony Pictures CEO Ravi Ahuja was just asked about the company’s decision to let “KPop Demon Hunters,” one of the year’s biggest, buzziest movies, head directly to Netflix, where it has since become the most watched title ever – television or movie – in the company’s history. “Obviously, in hindsight, it’s such a big hit,” Ahuja said at Thursday’s Bank …
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