Apple has opened negotiations in recent weeks with major news and publishing organizations, seeking permission to use their material in the company’s development of generative artificial intelligence systems, the New York Times reported on Friday.The iPhone maker has floated multiyear deals worth at least $50 million to license the archives of news articles, according to the report, which cited people familiar with the discussions.The news organizations contacted by Apple include Condé Nast, publisher of Vo ...

Meta has rolled out new encryption technology for direct messages on Facebook and Instagram — despite protests from former employees who say has made it more difficult to track down online child predators.Earlier this month, the social-media giant enabled encryption for direct messages on Facebook and Instagram as a means to ensure privacy protections for users. Encrypted messages block anyone except the sender and receiver from viewing the contents of the communication.The launch came four years after it ...

Tesla is recalling 120,423 vehicles in the US over the risk of doors unlocking during a crash, according to a report Friday. The National Highway Traffic Safety Administration, the nation’s road safety regulator, on Friday announced the recall affecting the 2021-2023 Model S and Model X vehicles, saying those units fail to comply with certain federal safety standards for side-impact protection, according to Reuters. Tesla released an over-the-air software update to address the problem.In its largest recall ...

Nike unveiled a $2 billion cost-savings plan that suggested significant layoffs are looming — and sent the athletic apparel giant’s share price tumbling more than 10%.Nike plans to incur as much as $450 million in severance costs that “will be recognized largely in the third quarter,” Chief Financial Officer Matt Friend said on an earnings call with investors on Thursday.For reference, when the company slashed its workforce by 700 in 2020, it incurred between $200 million and $250 million in severance cost ...

Outgoing Morgan Stanley CEO James Gorman ripped banks’ “stupidity of their own management” as one of the top threats facing Wall Street — right alongside artificial intelligence.When reflecting on his nearly 14-year tenure at Morgan Stanley to the Financial Times, Gorman — who has less than two weeks left at the firm — said that the banking system has become much safer, though the industry is still facing operational risks including its own top staffers.This year, there were three high-profile bank collaps ...

Thirteen media executives anonymously told CNBC what they think will be among the industry’s biggest moves in 2024 — and it could be a bumpy ride for some well-known industry moguls.Many responses given to the cable news network weighed in on Disney’s future, from what’s in store for Bob Iger’s CEO contract to whether billionaire activist investor Nelson Peltz finally nabbed those board seats, among other executive shakeups and acquisitions.It also appears that someone doesn’t believe that Linda Yacarrino ...

Holiday travelers flooding into New York have no other option than to book a hotel room following the city’s clampdown on Airbnb this fall — pushing hotel room rates to new heights.According to Trivago’s Hotel Price Index, the average room is currently going for $529 per night — up nearly 20% from November, when the average nightly rate was $452 as tourists flocked into town for the Macy’s Thanksgiving Day Parade.The figure also marks a roughly 8% advance from last December, when nightly rates averaged $49 ...