Intel will lose its spot in the Dow Jones Industrial Average after a 25-year run to Nvidia, S&P Dow Jones Indices said Friday, the latest blow to the struggling chipmaker that was among the first two technology firms to be included in the blue-chip index.Once the dominant force in chipmaking, Intel has in recent years ceded its manufacturing edge to rival TSMC and missed out on the generative artificial intelligence boom after missteps including passing on an investment in ChatGPT-owner OpenAI.Intel’s share ...

Chipmaking giant Nvidia is in talks with Elon Musk about investing in his fast-growing artificial intelligence startup xAI, a source close to the situation said.XAI — which powers the snarky Grok chatbot on Musk’s X social network — is in talks with some investors about raising several billion dollars at a roughly $40 billion valuation, the WSJ reported this week.The Information reported he was talking to strategic investors — meaning tech companies as opposed to investment firms — but didn’t offer any name ...

OpenAI is taking on Google, the most dominant search engine, with its own SearchGPT.The startup on Thursday unveiled its artificial intelligence-powered search engine, which offers users real-time sports scores, stock quotes, news, weather and more, the company said. OpenAI has partnered with a number of news organizations so its search engine will be able to pull from these companies’ content. 3 Sam Altman’s OpenAI unveiled its artificial intelligence-powered search engine, SearchGPT. AFP via Getty Image ...

Core Viewpoint - PepsiCo successfully dismissed a lawsuit from New York's attorney general accusing the company of environmental pollution due to single-use plastic packaging, with the judge criticizing the case as lacking merit [1][2][3]. Legal Proceedings - The lawsuit, filed by Attorney General Letitia James, claimed that PepsiCo and its Frito-Lay unit were responsible for 17% of the plastic waste in and around the Buffalo River, endangering the local water supply [2]. - Justice Emilio Colaiacovo ruled that it would contradict established legal norms to hold PepsiCo accountable, emphasizing that individuals, not the company, were responsible for littering [3][4]. Judicial Commentary - The judge expressed that while environmental stewardship is important, the lawsuit's claims were unfounded and did not contribute to solving the pollution problem [4]. - Colaiacovo highlighted that the judicial system should not be burdened with lawsuits that seek to impose liability without clear evidence of wrongdoing [4]. Company Response - PepsiCo expressed satisfaction with the ruling, reiterating its commitment to reducing plastic waste and promoting effective recycling [5][6]. - The company emphasized that its resources are better spent on collaborative solutions rather than on legal disputes [5]. Broader Context - The lawsuit against PepsiCo is part of a larger trend, with various state and local governments and environmental groups targeting companies that utilize plastic packaging [6]. - The ruling comes shortly after a similar lawsuit was filed by Los Angeles County against PepsiCo and Coca-Cola regarding their single-use plastic packaging [7].

Core Viewpoint - Boeing has dismantled its global diversity, equity, and inclusion (DEI) department as part of an operational overhaul initiated by its new CEO, reflecting a broader trend among major corporations to move away from DEI initiatives [1][9]. Company Actions - Boeing's DEI staff will be integrated into a different human resources team that focuses on talent and employee experience, indicating a shift in priorities [2]. - Sara Liang Bowen, the vice president in charge of the DEI unit, has left the company following the department's dissolution [3]. Industry Context - The decision comes after criticism from Elon Musk, who accused Boeing of prioritizing DEI over safety and quality controls, particularly after a serious incident involving an Alaska Airlines flight [2][7]. - Boeing had previously committed to increasing black employment by 20% by 2025, reporting a 17% increase since 2020 [8]. Broader Trends - Other major companies, including Harley-Davidson, John Deere, and Ford, have also scaled back or eliminated their DEI initiatives amid growing backlash [10][11]. - Critics argue that programs focusing on race, gender, and sexual orientation are unfair, advocating for equal opportunities for all [11]. Labor Relations - Boeing is currently facing a strike involving approximately 33,000 IAM members, who are voting on a proposal for a wage increase of 38% over four years, which does not meet their demand for a return to a defined-benefit pension [12][13].

Ford is temporarily halting production of its all-electric F-150 Lightning pickup truck in the face of slowing demand for battery-powered vehicles.The Detroit automaker announced Thursday that it would pause manufacturing of the pickup truck for several weeks beginning in mid-November.Ford employees will resume manufacturing of the F-150 on Jan. 7.The move comes after Ford made several price cuts to its F-150 models earlier this year. The cuts were put in place after Ford paused production due to quality is ...

NBC-parent Comcast is exploring spinning of its struggling cable networks business, including left-leaning MSNBC, President Mike Cavanagh said Thursday. Cavanagh revealed during the third-quarters earnings call that the media giant is mulling the creation of a “new, well-capitalized company owned by our shareholders and comprised of our our strong portfolio of cable networks.”The cable networks include MSNBC, CNBC, Bravo, E!, Syfy, USA Network and Oxygen True Crime. 3 Comcast president Mike Cavanagh said ...

Starbucks CEO Brian Niccol on Wednesday told investors that he plans to overhaul Starbucks' US locations, adding more comfortable seating, ceramic mugs and a coffee-condiment bar, with customer wait times of less than four minutes. Faced with falling demand for its pricey beverages in the key US and China markets as well as a slide in its share price, Starbucks' investors are counting on the new CEO to steer the company back to growth. The company last week suspended its forecast for its 2025 fiscal year. " ...

Facebook owner Meta Platforms beat analysts’ estimates for third-quarter revenue and profit on Wednesday, but warned of “significant acceleration” in infrastructure expenses related to its artificial-intelligence buildout, sending mixed signals about whether higher digital ad sales from its core social media business would continue to cover its massive AI investments.Shares of the Menlo Park, Calif.-based firm fell 2.5% in after-hours trading.The world’s biggest social media company, headed by CEO Mark Zuck ...

The Centers for Disease Control and Prevention said Wednesday that the number of infected people from the E.coli outbreak linked to McDonald's Quarter Pounder hamburgers has increased to 90 from 75. The outbreak was first reported on Oct. 22 and on Wednesday, CDC said 27 people have been hospitalized due to the outbreak, which has already killed one person. Two of them developed hemolytic uremic syndrome (HUS), a serious condition that can cause kidney failure, as of Oct. 24. The E.coli outbreak linked to M ...