YouTube Thinks AI Is Its Next Big Bang Summary YouTube, on its 20th anniversary, is embracing generative AI as a core part of its creator tools. Backed by Google and DeepMind tech (notably Veo 3), YouTube announced AI features that let creators generate or augment videos from prompts, turn podcast audio into visuals, and place […]
VW warns that Porsche EV delay will put €5.1bn dent in profits Summary Volkswagen has warned that delays to Porsche’s electric vehicle rollout will shave about €5.1bn off the group’s profits. The shortfall is linked to a slower-than-expected ramp-up of Porsche’s EV models and production issues that have pushed back deliveries and compressed margins. The […]
YouTube Thinks AI Is Its Next Big Bang Summary On its 20th anniversary YouTube announced a suite of AI creation tools that could reshape how videos are produced and consumed. Backed by Google’s DeepMind tech (notably Veo 3), the new features let creators generate visuals from prompts, convert audio into instant TV‑style video, and insert […]
FedEx reports fiscal first quarter earnings gains Summary Memphis-based FedEx posted fiscal first quarter growth driven by stronger U.S. domestic package revenue and yield improvements. Quarterly revenue reached $22.2 billion (up 3% year-on-year) — its strongest annual growth rate since the pandemic — and operating income rose to $1.30 billion (up 7%). Earnings per share […]
VW warns that Porsche EV delay will put €5.1bn dent in profits Summary Volkswagen has warned that a delay to Porsche’s electric vehicle programme will knock about €5.1bn off the group’s profits. The disclosure highlights the financial risks carmakers face as they shift to EVs and the knock-on effects of slipping product timetables. Key Points […]
Trump and Xi to meet in South Korea as US president hails TikTok deal Summary US President Donald Trump is set to meet Chinese leader Xi Jinping in South Korea. Mr Trump publicly praised a recently announced TikTok deal, framing it as a positive step for US tech and national security concerns. The planned encounter […]
Meet the new head of Blackstone’s BREIT following tragic shooting Summary Katie Keenan has been named CEO of Blackstone’s BREIT, the firm’s $105 billion real-estate fund for wealthy individual investors, and will also serve as global head of its Core+ real-estate strategy. She succeeds Wesley LePatner, who was fatally shot this summer in an attack […]
It’s official: Casino chips count for ‘no tax on tips’ policy, benefiting Nevada workers Summary The Treasury has issued guidance confirming that tips paid in casino chips — and other non-cash tips such as cards, checks, gift cards and electronic payments — qualify for the federal “no tax on tips” deduction. The guidance also says […]
M-PESA is upgrading its platform on Sept. 22; here’s what customers can expect after Summary Safaricom will perform a major migration of M-PESA to a new core called Fintech 2.0 on 22 September. The telco plans a three-hour overnight window during which M-PESA services (payments, airtime purchases and related functions) will be offline while customer […]
In ‘brutal’ interview, SAP CFO says AI means the company can produce more software with fewer people Summary SAP’s CFO, Dominik Asam, told Business Insider that AI is already changing how the company builds and operates software. He says SAP is using AI tools across the business — from research and presentations to automating back‑office […]
