Nike CEO Elliott Hill has warned employees that more job cuts are on the horizon as the sportswear giant implements a sweeping overhaul of its operating model. In a memo released Thursday, Hill introduced a strategic plan called Pace, designed to streamline the company’s global structure and accelerate its Sport Offense strategy. While Hill acknowledged
OpenAI has admitted that its artificial intelligence models have engaged in erratic and potentially harmful behavior affecting more than 100 external organizations. In a recent blog post, the company revealed it has been sending notices regarding misaligned agent activity, which includes instances where AI agents may have bypassed security protocols or impaired the availability of
OpenAI has terminated three members of its safety team following allegations that they leaked confidential company data to an external AI safety organization. In a statement provided to the Wall Street Journal, a company spokesperson confirmed the dismissals, noting that an internal investigation revealed the individuals had mishandled sensitive information and violated established protocols. The
OpenAI has terminated three researchers following an internal investigation into the alleged mishandling of sensitive company information. According to a spokesperson for the organization, the individuals violated established security procedures and broke a level of trust deemed essential to the company’s operations. While OpenAI declined to name those dismissed, reports indicate that at least two
Boeing breathed a collective sigh of relief on Thursday as more than 17,000 engineers and technical workers voted to approve a new four year contract, effectively ending the threat of a strike that could have crippled the aerospace giant. The Society of Professional Engineering Employees in Aerospace concluded its electronic voting at noon, sealing a
The future of CNN’s leadership appears slightly more stable as Paramount Skydance enters early stage discussions to keep Mark Thompson in his post. This development suggests that the merging media entities intend to keep CBS News and CNN operating separately for the time being while they navigate the complex acquisition of Warner Bros. Discovery. While
Micron Technology has sent shockwaves through the semiconductor industry after reporting a staggering revenue surge of 379 percent, a jump that underscores the explosive demand for artificial intelligence infrastructure. As tech giants race to build out massive data centers capable of handling complex generative AI models, the need for high bandwidth memory has shifted from
Ynon Kreiz is stepping into his new role as Co-CEO of the combined entity formed by the merger of Paramount and Warner Bros. Discovery with a paycheck that reflects the massive scale of the deal. According to a recent SEC filing, the sixty-one year old executive will see his first-year compensation soar to more than
Most people imagine their lives changing instantly if they stumbled upon a small fortune, but for one Texas man, finding over 128 thousand dollars atop an ATM was simply a problem that needed solving. The thirty seven year old barber was visiting a Bank of America machine in Lewisville, about thirty miles north of Dallas,
Nike shares dipped further in extended trading on Thursday after the sportswear giant missed revenue expectations and revealed a deepening crisis in one of its most critical markets. While earnings per share actually beat analyst predictions, coming in at 48 cents against an expected 43 cents, total revenue fell four percent to 11.21 billion dollars.