Lyft Inc. forecast revenue in the current quarter that was lower than analysts’ estimates, showing the challenges new Chief Executive Officer David Risher faces to turn around the struggling No. 2 ride-sharing company. The shares fell about 11% in extended trading.
The Alliance of Motion Picture & Television Producers, which represents Hollywood studios in contract talks with striking writers, said it offered wage increases of close to $97 million.
Waymo, Alphabet Inc.’s driverless-vehicle unit, plans to expand its autonomous taxi service in San Francisco and the greater Phoenix area, its two main markets.
Alphabet Inc.’s Google gave a surprise early look at a foldable Pixel smartphone, heralding its move into a category currently dominated by Samsung Electronics Co.
Vice President Kamala Harris said the White House would support new regulations or legislation to mitigate the potential harms from artificial intelligence technology after a meeting Thursday with the chief executive officers of Alphabet Inc., Microsoft Corp., OpenAI Inc., and Anthropic.
Ashton Kutcher, the Hollywood actor and venture capital investor, raised the money for his firm’s new AI fund quickly.
Silver Lake Management said it had boosted its offer for Software AG to €32 per share after Bain Capital submitted a takeover proposal.
Hollywood’s largest film and TV studios are halting payments to some producers, an escalation of the writers strike and a sign they expect the industry’s labor dispute to last for a while, according to people familiar with the matter.
Paramount Global, the parent of CBS, MTV and other channels, plunged by almost 30% after reporting a steep quarterly loss and slashing its dividend by 79%.
