OpenAI plans to announce its artificial intelligence-powered search product on Monday, according to two sources familiar with the matter, raising the stakes in its competition with search king Google.The announcement date, though subject to change, has not been previously reported. Bloomberg and the Information have reported that Microsoft-backed OpenAI is working on a search product to potentially compete with Alphabet’s Google and with Perplexity, a well-funded AI search startup.OpenAI declined to comment ...

Tesla on Wednesday yanked thousands of open positions in North America from its official careers page, bringing the total number of open roles at the electric vehicle giant down to just three from 3,400.As of Thursday, Elon Musk’s Austin, Texas-based auto firm boasted just three positions on the job board on its website and on LinkedIn, Quartz earlier reported.The roles were all to join Tesla’s manufacturing teams in either Texas; Fremont, Calif.; or Sparks, Nev. — the carmaker’s three major factory hubs in ...

Walt Disney and Warner Bros. Discovery will offer a bundle of the Disney+, Hulu and Max streaming services in the US starting this summer, the companies said in a statement on Wednesday.Customers will be able to sign up on any of the three individual websites and chose from an ad-free or ad-supported plan. No prices were disclosed.Both Disney and Warner Bros are trying to build their streaming businesses as customers ditch traditional cable packages, in part because many of them rejected having to pay for a ...

Pfizer has agreed to settle more than 10,000 lawsuits which alleged that the company failed to warn patients about possible cancer risks caused by the anti-heartburn medication Zantac.The lawsuits were filed in state courts across the country, but the agreements don’t completely resolve Pfizer’s exposure to the claims linking Zantac and cancer, according to Bloomberg News.Terms of the settlements were not disclosed. The Post has sought comment from Pfizer. 3 Pfizer has reportedly agreed to settle more tha ...

Core Viewpoint - The U.S. Justice Department is investigating Tesla for potential securities and wire fraud related to misleading claims about its self-driving capabilities, with a focus on statements made by CEO Elon Musk and the company's marketing materials [1][2][10]. Group 1: Investigation Details - Investigators are examining whether Tesla misled consumers about its driver-assistance systems, which could constitute wire fraud [2] - The Securities and Exchange Commission (SEC) is also looking into Tesla's representations regarding its driver-assistance systems to investors [2] - The investigation could lead to criminal charges, civil sanctions, or no action, as it is not evidence of wrongdoing [2] Group 2: Statements and Claims - Tesla's Autopilot and Full Self-Driving systems are designed to assist with driving but are not fully autonomous, despite claims suggesting otherwise [1][10] - Musk has made numerous statements over the years promoting the capabilities of Tesla's self-driving technology, including a 2016 claim that Autopilot is "probably better" than a human driver [7][10] - Archived Tesla videos have claimed that the driver is only present for legal reasons, implying the car can drive itself [4] Group 3: Legal and Regulatory Context - Legal experts indicate that prosecutors must prove Tesla's claims were knowingly false and materially misleading to consumers or investors [10][12] - Previous court rulings have established that corporate optimism or "puffery" does not equate to fraud [10] - The investigation is complicated by the need for evidence showing that Tesla executives were aware of any misleading statements [12] Group 4: Safety Concerns and Incidents - Tesla's marketing has raised concerns about creating a false sense of security among consumers regarding the capabilities of Autopilot and Full Self-Driving [13][15] - There have been multiple fatal crashes involving Teslas with Autopilot engaged, leading to increased scrutiny from regulators [15] - The National Highway Traffic Safety Administration (NHTSA) has investigated whether a recall of over 2 million vehicles adequately addressed safety issues related to Autopilot [15]

Core Insights - Goldman Sachs appointed Robert Kaplan, former president of the Federal Reserve Bank of Dallas, as its vice chairman, enhancing its management committee with an influential figure from the financial sector [1][2] - Kaplan's previous controversies regarding personal stock trading led to his resignation from the Dallas Fed in September 2021, although he maintained that he adhered to ethical standards [2] - His role will involve providing strategic advice to Goldman Sachs' global clientele and collaborating with various teams across the bank [2][4] Company Developments - Kaplan will be based in Dallas, Texas, where Goldman Sachs is expanding its presence with a new campus that will accommodate 5,000 employees, supported by $18 million in tax breaks from the city [3] - The new campus, costing nearly $500 million, is set to open in 2027 and will feature various amenities including underground parking and a 1.5-acre urban park [3] - Kaplan's appointment comes as Goldman Sachs seeks to strengthen its leadership team following several high-profile departures, indicating a strategic move to regain market position [5] Leadership and Strategy - Kaplan expressed enthusiasm about working with the talented workforce at Goldman Sachs to enhance the firm's culture and client service [4] - Chairman David Solomon highlighted Kaplan's extensive knowledge and global leadership experience as valuable assets to the firm [4]

LOS ANGELES, May 7 (Reuters) – Amazon.com, on Tuesday unveiled the first of a dozen Volvo electric big rigs it plans to deploy this year to pick up cargo from the nation’s busiest container seaport in Southern California.The e-commerce giant already has eight of those semi trucks in use at the Los Angeles/Long Beach port complex, where every so-called drayage truck must be zero-emissions by 2035.Amazon unveiled the first of a dozen Volvo electric big rigs it plans to deploy this year. REUTERSThe deployment ...

The Federal Aviation Administration said Monday it has opened a new investigation into the Boeing Dreamliner after the planemaker told the regulator last month it may not have completed required inspections.The FAA said it is investigating whether Boeing completed the inspections to confirm adequate bonding and grounding where the wings join the fuselage on certain 787 Dreamliner airplanes “and whether company employees may have falsified aircraft records.” The FAA said it is investigating whether Boeing co ...

Former Starbucks CEO Howard Schultz posted a lengthy essay on LinkedIn urging the coffee chain to overhaul its US operations after the company posted disappointing quarterly earnings.Schultz, who left the company’s board last fall after he became the public face of the company’s resistance to its employees’ unionization drives, wrote on Sunday that Starbucks needs to regain “a maniacal focus on the customer experience, through the eyes of a merchant.”“The answer does not lie in data, but in the stores.”Schu ...

Electric-vehicle maker Tesla has launched another round of layoffs including staff from the software, service and engineering departments, Electrek reported Monday, citing emails and sources familiar with the matter.The move comes after the Elon Musk-led automaker disbanded its EV charging department following Tesla’s announcement last month that it was reducing its global workforce by more than 10%.Tesla, whose shares were up about 1%, did not immediately respond to a Reuters request for comment.The layoff ...