Business and Tech News - 4.29.24

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Skool Projekt Staff
April 29, 2024

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:

 

 

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