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.
Mark Spoonauer, Global Editor-In-Chief at Tom's Guide, discusses the craze behind the latest Nintendo Switch 2 and why it already flying off shelves. Watch!
Bob Lang, Chief Options Strategist at Explosive Options, joins J.D. Durkin on the floor of the NYSE for a look at how traders are approaching the markets.
Seth Schachner, Managing Director at Strat Americas, talks Disney's taking control of Hulu, Warner Bros. and Discovery's split and how if affects the viewers.
The Tony Awards on Sunday lured 4.85 million viewers to CBS, its largest broadcast audience in six years. CBS says Monday that Nielsen data shows the telecast — hosted by “Wicked” star Cynthia Erivo — scored a 38% increase over last year’s 3.53 million viewers. That’s the largest audience for the Tonys since 2019, when the telecast that year nabbed 5.4 million viewers and “Hadestown” was crowned best new musical. The latest version also had to compete with the second game of the NBA Finals, between the Thunder and Pacers,
