Alphabet's strong third quarter triggered a sigh of relief among investors who remain just as focused on the company's core products as its ballooning AI investments.
Why it matters: Companies — Big Tech in particular — have been eager to strut their AI strategies to Wall Street. But those plans require big spending, and that cash has to come from somewhere.
Starbucks is making a big change and removing its long-standing nondairy milk surcharge starting Nov. 7, the same day its holiday menu launches.
Why it matters: The coffee giant stands to lose money from cutting the fee. But the move is expected to foster goodwill with consumers it is trying to win back.
Nishad Singh, who headed up the engineering team at bankrupt cryptocurrency exchange FTX, was sentenced in U.S. federal court to time served Wednesday for his role in the fraud that led to the company's collapse.
Why it matters: Singh was a member of convicted founder Sam Bankman-Fried's inner circle.
Why it matters:The outbreak, tied to slivered onions and which now appears contained, is putting pressure on the fast-food chain to restore much-needed momentum from its new value meals.
The Delaware attorney general sent a letter to OpenAI's lawyers earlier this month asking for more information about the nonprofit company's plan to convert to a for-profit entity, Axios has learned.
Why it matters: Billions of dollars in investments are on the line for OpenAI — and because the nonprofit is incorporated in Delaware, the state's AG could in theory challenge its plan and gum up the works.
When Kamala Harris began rolling out her economic agenda as a presidential candidate, she began with food prices. A literal kitchen-table issue.
The big picture: She likely assumed that her case would be bolstered — in terms of both substance and attention — by the FTC's efforts to block Kroger from buying rival supermarket operator Albertsons, but a court ruling is taking much longer than expected.
xAI is in talks to raise "several billion dollars" at around a $40 billion valuation, just five months after it raised $6 billion at a $24 billion valuation, per The Wall Street Journal.
Why it matters: This illustrates how frontier model developers are the most capital-intensive startups ever, leaving early-aughts cleantechs in their digital dust.
This Saturday marks two years since CoinDesk published an article that led to the collapse of crypto exchange FTX, the imprisonment of its founder — and declarations that the digital currency dream was dead.
Why it matters: Not only is crypto still alive — it's thriving.
Jonathan Lemire — host of "Way Too Early," at 5am ET on MSNBC — will be promoted in January to co-host of the "Morning Joe" 9am hour, the show's marquee hour for the West Coast, an NBC News source tells Axios.
A new 5am host will be named later. Lemire is the rare cable news anchor who signed a new deal without a pay cut.
Here's what's new on Prime Video, Disney+ and Netflix.
What we're watching: A look inside the life of a rap star, the reboot of a hit Disney Channel series and a front-row seat to Olivia Rodrigo's world tour.
Worthy of your time: A roundup of horrors, thrillers and true crime titles to stream.
As Elon Musk tells it, there are 7 million Tesla robotaxis already on the road today, and humanoid robots will soon do "anything you want" — mow the lawn, buy groceries or walk the dog.
Reality check: Such pronouncements have helped fuel the AI revolution and driven up Tesla's stock price — but in fact,Tesla's cars can't drive themselves, and its Optimus robots, which wowed attendees at a recent event, still need help from human operators.
The Washington Post has seen at least 250,000 readers cancel their subscriptions after owner Jeff Bezos ended a decades-long tradition of endorsing presidential candidates, the newspaper reported late Tuesday.
Why it matters: That figure represents 10% of 2.5 million subscribers the paper had before Bezos announced the decision after the WaPo editorial board had drafted an endorsement of Vice President Harris, per the report.
