A New Era for Abercrombie & Fitch Abercrombie & Fitch has transformed from a dying mall brand into a Wall Street darling. This turnaround came after years of revamping its product assortment, overhauling its supply chain, and rebranding as an inclusive retailer.…
McDonald’s, one of the world’s largest fast-food chains, has decided to discontinue its artificial intelligence (AI) ordering technology currently in use at over 100 drive-thru systems across the United States. This decision marks a significant pause in the company’s ambitious plans to…
Adobe Inc. (ADBE 1.40%) saw a significant surge in its stock price, jumping 14.5% following robust second-quarter results and an optimistic outlook for the rest of 2024. Despite this recent upswing, the tech giant remains down 12% for the year, reflecting its…
A humanoid robotics startup, Foundation Robotics Labs, cofounded by the CEO of the now-bankrupt fintech firm Synapse, is under scrutiny for making exaggerated claims about its ties to General Motors (GM) while raising funds. Foundation Robotics Labs’ Bold Claims Foundation Robotics Labs,…
In a strategic move aimed at bolstering its artificial intelligence offerings, Apple has announced a partnership with OpenAI to integrate ChatGPT technology into its devices starting later this year. The collaboration, unveiled at Apple’s recent developer conference, signals a significant step for…
National Amusements halted merger discussions between Paramount Global and Skydance this week, raising questions about the media giant’s future. With the industry facing significant challenges, Paramount’s leadership must now navigate a path forward. Leadership Transition and Strategic Focus Bob Bakish stepped down…
In an unprecedented move, Pope Francis is set to address the leaders of the Group of Seven (G7) nations on the topic of artificial intelligence (AI) during their summit in southern Italy’s Puglia region. This marks the first time in history that…
General Motors (GM) has announced a revision in its 2024 forecast for electric vehicle (EV) production and sales, indicating a slower-than-anticipated uptake in the U.S. market. As consumer adoption lags behind initial expectations, the automotive giant has adjusted its production targets and…
As the tech world braces for one of its most anticipated events, Apple’s annual Worldwide Developers Conference (WWDC) is on the brink of unveiling a significant leap forward in artificial intelligence (AI) integration. Today marks the commencement of the conference, with Apple…
As the automotive industry experiences a seismic shift toward sustainable solutions, Jeep is positioning itself as a critical player in the transitional space between traditional combustion engines and fully electric vehicles (EVs). Jeep CEO Antonio Filosa recently announced an ambitious goal to…