Amazon Pitches AI Tools as Co-Workers While Axing Jobs

Iniu has recalled 210,000 chargers sold on Amazon due to incidents of overheating that resulted in fires, causing damages estimated at $380,000. Consumers are urged to check if their chargers are among the affected models to ensure safety.

Burkay Gur, CEO of fal, announced that the company optimizes Nvidia chips for running AI models in audio, video, and image generation during an interview on Bloomberg Tech. This development follows fal's recent fundraising efforts, highlighting its commitment to leveraging advanced technology in generative media.

Paramount Skydance has made a hostile bid to acquire Warner Bros. Discovery for $30 per share, a move that follows Netflix's recent agreement to purchase Warner Bros. Discovery for approximately $72 billion. Ross Gerber, CEO of Gerber Kawasaki, discussed this competitive landscape on Bloomberg Tech, highlighting his decision to sell his stake in Paramount Skydance while retaining his investment in Netflix.

GE Vernova Inc. has announced a doubling of its dividend and an increase in share buybacks, signaling strong confidence in the future demand for natural gas-fired power generation, driven by advancements in artificial intelligence. This move reflects the company's commitment to rewarding shareholders amid a favorable market outlook.

Warner Bros. Discovery is facing antitrust scrutiny as both Netflix and Paramount Skydance have made significant bids to acquire the company, raising questions about market definition amid a shift towards user-generated content. Jennifer Huddleston from the Cato Institute discussed these concerns on Bloomberg Tech.

The U.S. government has granted Nvidia permission to sell its H200 artificial intelligence chips to approved customers in China, effectively lifting a previous export ban that was imposed due to national security concerns. This decision follows extensive lobbying efforts by Nvidia and is seen as a significant policy shift under the Trump administration.

Marcos Galperin, the CEO of MercadoLibre and Argentina's wealthiest individual, has announced his decision to step down from his role while remaining engaged with the company through new ideas. This transition signifies a pivotal moment for the e-commerce giant as it navigates future challenges and opportunities.

AI startup Fal has successfully raised new funding, resulting in a valuation of $4.5 billion, which is three times its previous valuation from just a few months ago. This significant increase reflects growing investor confidence in the company's potential within the artificial intelligence sector.