logo
Google offers buyouts to more workers amid AI-driven tech upheaval and antitrust uncertainty

Google offers buyouts to more workers amid AI-driven tech upheaval and antitrust uncertainty

Boston Globe11-06-2025
Get Starting Point
A guide through the most important stories of the morning, delivered Monday through Friday.
Enter Email
Sign Up
ENTERTAINMENT
Advertisement
Disney and Universal sue AI firm Midjourney for copyright infringement
The headquarters of The Walt Disney Co. in Burbank, Calif.
Beth Coller/NYT
Disney and Universal have filed a copyright lawsuit against popular artificial intelligence image-generator Midjourney on Wednesday, marking the first time major Hollywood companies have enter the legal battle over generative AI. Filed in federal district court in Los Angeles, the complaint claims Midjourney pirated the libraries of the two Hollywood studios to generate and distribute 'endless unauthorized copies' of their famed characters, such as Darth Vader from 'Star Wars' and the Minions from 'Despicable Me.' 'Midjourney is the quintessential copyright free-rider and a bottomless pit of plagiarism. Piracy is piracy, and whether an infringing image or video is made with AI or another technology does not make it any less infringing,' the companies state in the complaint. The studios also claimed the San Francisco-based AI company ignored their requests to stop infringing on their copyrighted works and to take technological measures to halt such image generation. Midjourney didn't immediately respond to a request for comment Wednesday. — ASSOCIATED PRESS
Advertisement
ENTERTAINMENT
Nintendo Switch 2 sets sales record in boon for games sector
A customer posed with a Nintendo Switch 2 game console at a Bic Camera Inc. electronics store in Tokyo on June 5.
Kiyoshi Ota/Photographer: Kiyoshi Ota/Bloomb
Nintendo Co. sold 3.5 million-plus units of the Switch 2 in just four days, a record-breaking start for the company's first new console in eight years. The Japanese company has already sold more of the device than the roughly 2.7 million the original Switch managed during its first month in 2017. The numbers, released by the company Wednesday, bode well for its target to sell 15 million units by March next year. They also reinforce analysts' projections that Nintendo may be able to sell far more if it can pump up supply. Gamers from Tokyo to San Francisco lined up for hours last week to get their hands on one of the most highly anticipated gadgets of the year. The long-awaited Switch 2 succeeds a global hit in the original, which pioneered a hybrid design that allows play both at home on a TV and on the move. The release of the new Switch was regarded as a watershed moment for the industry, steering business decisions by partners and competitors for years to come. At a time of thinning margins and exploding development budgets, a popular new console may galvanize the sector and provide a counterbalance to the increasing dominance of a handful of marquee, live-service games. — BLOOMBERG NEWS
Advertisement
ENERGY
World Bank ends its ban on funding nuclear power projects
Two cooling towers of the Civaux nuclear power plant in Civaux, central France.
ROMAIN PERROCHEAU/AFP via Getty Images
The world's largest and most influential development bank said Wednesday that it would lift its long-standing ban on funding nuclear power projects. The decision by the board of the World Bank could have profound implications for the ability of developing countries to industrialize without burning planet-warming fuels such as coal and oil. The ban has been formally in place since 2013, but the last time the bank funded a nuclear power project was 1959 in Italy. In the decades since, a few of the bank's major funders, particularly Germany, have opposed its involvement in nuclear energy, on the grounds that the risk of catastrophic accidents in poor countries with less expertise in nuclear technology was unacceptably high. The bank's policy shift, described in an email to employees late Wednesday, comes as nuclear power is experiencing a global surge in support. Casting nuclear power as an essential replacement for fossil fuels, more than 20 countries — including the United States, Canada, France, and Ghana — signed a pledge to triple nuclear power by 2050 at the United Nations' flagship climate conference two years ago. The Trump administration, while far less concerned about climate change than it is with competing against the Russian and Chinese nuclear industries, is trying to expand the fleet of American reactors and quadruple their contribution to the country's electric grids. Cabinet officials have emphasized support for a new generation of smaller reactors that offer the promise of faster deployment but have yet to be proven. The United States is the World Bank's single largest shareholder and holds significant sway over its policies. In April, Treasury Secretary Scott Bessent urged the bank to lift its ban, saying in a speech that doing so would 'revolutionize energy supply for many emerging markets.' — NEW YORK TIMES
Advertisement
AUTOMAKERS
GM dodges tariffs with production shift to US from Mexico
The General Motors assembly plant in San Luis Potosi, Mexico.
Susana Gonzalez/Bloomberg
General Motors plans to invest $4 billion in its US plants over the next two years in response to President Trump's tariffs in a move that reduces production in Mexico while boosting domestic output of some of its some of its top-selling gas-powered vehicles. The spending will expand factories in Michigan, Kansas, and Tennessee. The moves will boost annual US production capacity by 300,000 vehicles, GM chief financial officer Paul Jacobson said at a Deutsche Bank conference on Wednesday Assembly of several top-selling models, including its very profitable Chevrolet Silverado and GMC Sierra pickup trucks and the Chevrolet Equinox SUV, will move to factories in the United States from Mexico. GM plans to add between 3,000 and 4,000 US jobs when all production is in place, a spokesman said. The shift marks one of the biggest pivots yet by an automaker in response to Trump's tariffs that have upended the economics of automobile manufacturing. It's also a recognition by chief executive Mary Barra that Trump's trade war is not a passing phase. The investments will allow GM to produce more than 2 million vehicles in the United States each year. GM will continue making vehicles affected by the announcement in Mexico, but at lower volumes, the person said. — BLOOMBERG NEWS
Advertisement
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Gal Gadot Admits She Was ‘Disappointed' By Snow White's Box Office Performance And Shares Her Take On Why It Flopped
Gal Gadot Admits She Was ‘Disappointed' By Snow White's Box Office Performance And Shares Her Take On Why It Flopped

Yahoo

time4 hours ago

  • Yahoo

Gal Gadot Admits She Was ‘Disappointed' By Snow White's Box Office Performance And Shares Her Take On Why It Flopped

When you buy through links on our articles, Future and its syndication partners may earn a commission. At this point, it's fair to say that Disney's live-action Snow White remake starring Rachel Zegler and Gal Gadot didn't make too much of an impression at the box office. The Marc Webb-directed movie ruled during its opening weekend, but those monetary returns gradually diminished as time went on. Additionally, critics weren't enthusiastic about the film, while general audiences had somewhat more positive thoughts. Analysts have since shared takes on why the movie flopped and, now, Gadot is weighing in on what happened. Gal Gadot Shares Her Take On Why She Thinks Snow White Flopped Since her 2025 movie release finished its theatrical run, Gal Gadot has remained mum about its performance. The former Wonder Woman actress broke her silence on the matter, however, while taking part in a Q&A for Israel's Keshet 12's The A Talks (via Haim Etgar of Instagram). While addressing journalists, Gadot was asked about Snow White's reception and whether she was 'angry' with how it turned out. Gadot began her appeal by discussing her experience making the movie, and she shared some thoughts on co-star Rachel Zegler: I really enjoyed filming this movie… I even enjoyed working with Rachel Zegler. [We] laughed, talked and had fun. I was sure this movie was going to be a huge hit. The Fast and Furious alum, who plays the Evil Queen in Snow White, went on to vaguely reference the events of October 7, 2023 involving Israel and Gaza. She then went on to discuss Hollywood's response to the situation, which she believes factored into Snow not doing as well as she hoped: In various industries, including Hollywood, there's pressure on celebrities to speak against Israel. You know, [the international situation] happened, and despite… I can always explain and try to give context about what's happening here, and I always do that. But, in the end, people make their own decisions. I was disappointed the movie was so affected by it and it didn't succeed at the box office. But that's how it goes. You win some, you lose some. Gal Gadot, who was born in Israel and served in its armed forces for a time, has expressed support for her country of origin since the conflict with Gaza began. Ultimately, Gadot's sentiments drew backlash in some circles. The actress' comments were ultimately just one source of controversy linked to her live-action Disney film. Snow White Was Wrapped Up In Other Matters That Sparked Negative Press Rachel Zegler came under fire after comments she made about the Snow White character amid 2022's D23 Expo resurfaced online. At the time, Zegler spoke about some of the issues she had with the 1937 version of the Disney princess and explained that her interpretation would add a few more layers to the character. The actress' comments, however, were not well received and many shared their thoughts on social media. Also accompanying those sentiments were negative comments about Zegler's casting. Eventually, Rachel Zegler also made headlines after sharing her critiques on U.S. President Donald Trump. Zegler also drew attention for expressing support for Gaza amid the Israeli-Palestinian situation overseas. In recent months, Zegler has addressed the backlash she's faced for her political beliefs, stating that with her platform, she has a responsibility to speak out on such topics. Despite the layers of controversy that surrounded Snow White, the film has seen some wins. For example, the fantasy flick trended very high amongst viewers after it became available for Disney+ subscription holders. After Gal Gadot's comments, it remains to be seen whether the cast or crew will discuss the film's reception in the near future. Solve the daily Crossword

New Villains Announced for Oogie Boogie Bash 2025 at Disneyland Resort
New Villains Announced for Oogie Boogie Bash 2025 at Disneyland Resort

Thrill Geek

time7 hours ago

  • Thrill Geek

New Villains Announced for Oogie Boogie Bash 2025 at Disneyland Resort

Halloween is creeping back into Disney California Adventure Park, and this year's Oogie Boogie Bash – A Disney Halloween Party promises even more frightful fun. Taking place on select nights from August 17 through October 31, 2025, the after-hours event will once again feature a wicked lineup of Disney's most notorious villains—along with two exciting additions. Syndrome from Pixar Animation Studios' 'The Incredibles' makes his debut at Oogie Boogie Bash – A Disney Halloween Party in Disney California Adventure Park in Anaheim, Calif., on Aug. 17, 2025. Guests attending the party will be able to hear Syndrome's tactful plans and snarky quips in his treat trail on Pixar Pier. Oogie Boogie Bash – A Disney Halloween Party is a separately ticketed event filled with Halloween-themed entertainment, immersive treat trails and frightful fun for all. (Richard Harbaugh/Disneyland Resort) Disney has revealed that Syndrome, the supervillain from Pixar's The Incredibles franchise, will be making his Oogie Boogie Bash debut this year. Fans of the film will finally get the chance to encounter the iconic nemesis in person as part of the party's immersive villain experiences. Maleficent from Walt Disney Animation Studios' 'Sleeping Beauty' makes her majestic return to Oogie Boogie Bash – A Disney Halloween Party in Disney California Adventure Park in Anaheim, Calif., on Aug. 17, 2025. At Mountain Road in Grizzly Peak, guests attending the party may encounter the dark fairy as she shares her sinister schemes. Oogie Boogie Bash – A Disney Halloween Party is a separately ticketed event filled with Halloween-themed entertainment, immersive treat trails and frightful fun for all. (Richard Harbaugh/Disneyland Resort) Also returning to the event is none other than Maleficent, the Mistress of All Evil from Disney's classic Sleeping Beauty (1959). With her dramatic presence, she remains a fan-favorite character meet and greet, adding extra magic (and menace) to the Halloween celebration. Guests attending Oogie Boogie Bash can enjoy these villain encounters alongside a host of spooky entertainment, immersive treat trails, and family-friendly frights. Plus, every ticket includes unlimited Disney PhotoPass digital downloads, making it easy to capture those unforgettable villain moments. Tickets for select nights of Oogie Boogie Bash 2025 are still available, but they're going fast—so don't miss your chance to celebrate Halloween with Disney's most mischievous crew! Clint Gamache is the owner of ThrillGeek. He started ThrillGeek to share his love of theme/amusement parks and pop culture with the world. You can find him at Halloween Horror Nights. Also, be sure to follow him on Twitter/X, Instagram @iamcg83

Needham Maintains Buy Rating on The Walt Disney Company (DIS) Stock
Needham Maintains Buy Rating on The Walt Disney Company (DIS) Stock

Yahoo

time7 hours ago

  • Yahoo

Needham Maintains Buy Rating on The Walt Disney Company (DIS) Stock

The Walt Disney Company (NYSE:DIS) is one of the Reddit Stocks with the Highest Upside Potential. On August 7, Laura Martin from Needham maintained a 'Buy' rating on the company's stock, with a price objective of $125.00. The analyst's rating is backed by several positive developments for The Walt Disney Company (NYSE:DIS) in Q3 2025. Notably, the company's diluted EPS rose to $2.92 from $1.43 in Q3 2024, and adjusted EPS went up by 16% for Q3 2025 to $1.61 from $1.39 in Q3 2024. A packed theater of moviegoers watching a blockbuster film produced by the entertainment company. Furthermore, The Walt Disney Company (NYSE:DIS)'s direct-to-consumer segment demonstrated profitability with an operating income of $346 million. The company's Experiences segment saw operating income of $2.5 billion, reflecting a rise of $294 million compared to Q3 2024. The operating income in the quarter demonstrates a ~$40 million benefit from the timing of the Easter holiday, and a ~$30 million impact from pre-opening expenses at Disney Cruise Line. Despite the concerns, the positive financial performance and strategic initiatives, like asset swap involving ESPN and the NFL Network, as well as the timely launch of ESPN's flagship service, supported the analyst's rating. Diamond Hill Capital, an investment management company, released its Q1 2025 investor letter. Here is what the fund said: 'Other top Q2 contributors included The Walt Disney Company (NYSE:DIS), Ferguson Enterprises and Capital One Financial. Diversified media and entertainment company Walt Disney benefited from easing macroeconomic concerns, primarily in its parks division, which is particularly sensitive to the economic backdrop.' While we acknowledge the potential of DIS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store