Berkshire Hathaway, the conglomerate run by businessman Warren Buffett, reported its operating earnings in its most recent quarter jumped more than 40% from a year ago but posted its first net quarterly loss in a year.
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Universal Music and AI song generator Udio partner on new AI platform
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Samsung reports 32% rise in operating profit and predicts more growth
Samsung Electronics has reported a 32.5% increase in operating profit for the third quarter.
Starbucks halts 2-year sales slide, but costly improvements hurt its profits
Starbucks halted a long sales slide in its fiscal fourth quarter as fall drinks and improved service brought customers back to its stores.
The underdiscussed pure profit enterprise of movie rereleases
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Why Consumers Are Hitting “Cancel”: Inside the Subscription Fatigue Era
Bank of America economist David Tinsley explains why streaming costs have consumers hitting cancel faster than play.
Nvidia has started the $5 trillion club. A look at its rise, by the numbers
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
What September’s Inflation Numbers Really Mean: Insights From S&P Global
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
Beyond Binge-Watching: Curiosity Stream’s Vision for Intelligent Entertainment
Curiosity Stream CEO Clint Stinchcomb discusses how educational streaming and innovation are driving strong growth and audience engagement.
Using A.I. to Manage Risk on Wall Street
Patrick Palomo, Principal Solutions Architect at Smarsh, talks about working with Wall Street to deploy A.I. that helps predict and manage risk.
