Here is a rundown of Cheddar News' top trending market stories of the day.
AI RIVALRY INTENSIFIES
Google parent Alphabet said its own version of a chatbot, called Bard, will soon be available to the general public. The announcement comes as Microsoft-backed OpenAI's ChatGPT rises in popularity. Google has been developing artificial intelligence technologies for years, but has stressed the importance of proceeding "responsibly" given its size and influence. Now that the competitive stakes are rising, however, the tech giant is picking up the pace.
AMC'S TIERED SEATS
Movie theater chain AMC has announced that it is launching tiered pricing for seats based on sightline. That means those usually empty front row seats will be cheaper, while the middle of the house will be more expensive. AMC said the decision offers "another way for moviegoers to find value at the movies," while others say it's the end of an era. Just ask actor Elijiah Woods, who tweeted that the system "would essentially penalize people for lower income and reward for higher income."
EV maker Rivian might be getting into the market for two-wheeled vehicles. According to a Bloomberg report, CEO RJ Scaringe told employees that an e-bike was in the works during a staff meeting last week. The nature of said bike is still unclear, but given Rivian's line of business, some kind of motorcycle or battery-assisted ride is likely. Rivian has previously hinted that it might get into "micromobility" and currently has patents for e-bike components.
Prince Harry has reached an out-of-court settlement with a tabloid newspaper publisher that invaded his privacy with phone hacking and other illegal snooping. Attorney David Sherborne said that Mirror Group Newspapers had agreed to pay Harry’ “substantial” costs and damages.
An attorney representing passengers of an Alaska Airlines flight that lost a door plug in midair says a “whistling sound” was heard on a previous flight of the same Boeing 737 Max 9.
What do Arnold Schwarzenegger, Aubrey Plaza, and Tom Brady all have in common? You'll see them on Super Bowl Sunday, but not on the field. If you only watch the Super Bowl for the ads, here's a sneak peek.
The Federal Communications Commission knows (to loosely quote Drake) "when that [AI robocall] hotline bling, that can only mean one thing" — deception. The agency says bad actors have been using these voices to misinform voters.
David Stryzewski, CEO of Sound Planning Group, breaks down Disney’s latest results, from adding Taylor Swift to building out ESPN, and why Bob Iger’s leadership is crucial.
Kevin Cohee, CEO and chairman of OneUnited Bank, discusses the power of financial literacy and how education and technology can help bridge the racial wealth gap.
Alex McGrath, Chief Investment Officer at NorthEnd Private Wealth, discusses why the A.I. hype can’t power the market forever and how to position investments in the current market.
