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- Business and Tech News - 4.29.24
Business and Tech News - 4.29.24
Tech Titans Altman, Huang, Nadella, and Pichai Join DHS's New AI Safety Board
Sam Altman (OpenAI) and Jensen Huang (Nvidia) join new AI Safety and Security Board.
Other members include Microsoft's Satya Nadella and Google's Sundar Pichai.
Board to advise Department of Homeland Security (DHS) on AI deployment in critical infrastructure.
Aim to prevent AI threats in the economy, healthcare, and more.
DHS Secretary Alejandro Mayorkas chairs the board, highlights AI's potential benefits.
Biden's executive order established the board, mandates AI safety disclosures.
Board's first meeting scheduled for May, quarterly meetings planned.
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Musk in China for Key Talks on Tesla's Self-Driving Tech Amid Rising Local Competition
Elon Musk visits China to discuss Tesla's Full Self-Driving (FSD) software.
Trip follows delayed India visit over high duties on Tesla cars.
Musk met with Chinese Premier Li Qiang, a long-time acquaintance.
Talks aimed at deploying FSD technology in Tesla's second-largest market.
Musk seeks agreements on sharing collected data to enhance self-driving software.
Tesla's Shanghai gigafactory began operations in 2019.
Visit occurs amid strong competition from China's domestic EV producers like BYD.
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Apple Negotiates with OpenAI and Google for AI Enhancements in Upcoming iOS 18
Apple renews talks with OpenAI for iPhone features in iOS 18.
Discussions are also ongoing with Google to power AI chatbot.
No final decision made on AI partnerships for the upcoming iPhone update.
Apple plans new features with in-house AI and possible external partners.
Worldwide Developers Conference to unveil new AI software and services.
Apple emphasizes seamless integration and privacy in AI features.
Outsourcing AI could reduce liability and accelerate chatbot development.
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Southwest Airlines Mulls Seating and Boarding Revamp to Boost Revenue Amid Industry Shifts
Southwest Airlines is considering changes to boarding and seating to increase revenue.
CEO Bob Jordan highlights a potential shift from traditional open seating arrangement.
Rivals Delta and United report high revenue from premium seating options.
Southwest maintains a single-class cabin with optional paid early boarding.
Competing U.S. airlines earned $4.2 billion in 2022 from seating fees.
No final decisions yet on the specifics of the seating changes.
Southwest committed to no fees for the first two checked bags, unlike competitors.
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UAW Secures Tentative Deal with Daimler Truck, Averting a Strike and Boosting Worker Wages
UAW reaches a tentative deal with Daimler Truck, preventing the strike of over 7,000 workers.
Four-year agreement negotiated just before the prior six-year contract expired.
Agreement affects workers in North Carolina, Atlanta, and Memphis distribution centers.
Contract proposal includes over 25% wage increase and a 10% immediate raise upon ratification.
New terms introduce cost-of-living adjustments and first-time profit sharing at Daimler.
Union members yet to vote on ratifying the new contract.
The agreement is part of UAW's broader campaign to organize southern U.S. auto plants.
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Here’s how the markets closed on Friday:
Dow Jones: 38,239.66 +153.86 (+0.40%)
S&P 500: 5,099.96 +51.54 (+1.02%)
Nasdaq: 15,927.90 +316.14 (+2.03%)
Bitcoin (BTC): $63,624.43 (at the time of writing)
Ethereum (ETH): $3,323.89(at the time of writing)
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