Amazon is joining forces with Berkshire Hathaway and JPMorgan Chase to bring their employees better and cheaper healthcare. The three companies will start an independent company focused on technology that will make the healthcare system more efficient. Details are scarce as plans are still in the early stages.
Facebook is changing its News Feed yet again to focus on local news sources. CEO Mark Zuckerberg said in a Facebook post the shift will be good for "your well-being and for society." This is the third major change to the News Feed in the last few weeks. The social media company is now featuring posts from friends and family higher than publishers and is also ranking media accounts based on how trustworthy they are.
Music legend Linda Perry joins us to discuss her new campaign highlighting independent artists. The Intuit Quickbooks' new "Backing You" campaign helps propel emerging artists forward. Perry, a member of the Songwriters Hall of Fame, has written songs for Christina Aguilera, Pink, and Gwen Stefani.
Plus, we hear from the founder and CEO of Pymetrics, a company that uses artificial intelligence to match people with the right job. Dr. Frida Polli started Pymetrics to take discrimination out of the hiring process, which she says is often biased against women and people of color. Polli hopes her company will show people the benefits of A.I. technology.
The stunning indictment that led to the arrest of more than 30 people — including Miami Heat guard Terry Rozier and other NBA figures — has drawn new scrutiny of the booming business of sports betting in the U.S. The multibillion-dollar industry has made it easy for sports fans — and even some players — to wager on everything from the outcome of games to that of a single play with just a few taps of a cellphone. But regulating the rapidly-growing industry has proven to be a challenge. Professional sports leagues’ own role in promoting gambling has also raised eyebrows.
Tesla, the car company run by Elon Musk, reported Wednesday that it sold more vehicles in the past three months after boycotts hit hard earlier this year, but profits still fell sharply. Third-quarter earnings fell to $1.4 billion, from $2.2 billion a year earlier. Excluding charges, per share profit of 50 cents came in below analysts' estimate. Tesla shares fell 3.5% in after-hours trading. Musk said the company's robotaxi service, which is available in Austin, Texas, and San Francisco, will roll out to as many as 10 other metro areas by the end of the year.
Starbucks’ AI barista aims to speed service and improve experience. Nick Lichtenberg, Fortune Business Editor, explains its impact on workers and customers.
As Big Tech reports Q3 earnings, investors await proof that massive AI and cloud investments from Meta, Apple, Microsoft, and Alphabet are driving real growth.
