Disney to Spend $60 Million a Year on Character.AI Talent After Its Own Layoffs as AI Startup Faces Bankruptcy
Disney plans to spend $60 million annually on 66 Character.AI employees despite recent layoffs as its AI strategy expands.
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Alphabet Stock Is Gaining Monday: What's Going On?
Alphabet (GOOG) stock gained over 2% following a Q2 earnings beat, driven by strong Google Cloud revenue and booming demand for AI.
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Google launched its Project Suncatcher test satellite with four AI chips to orbit via SpaceX Falcon 9, testing whether AI chips can survive harsh space conditions. Meanwhile, Elon Musk has filed plans with the FCC for a million data center satellites to address AI's massive power consumption bottleneck. Altucher argues Musk is two decades ahead of competitors and identifies a small supplier providing critical data networking infrastructure as a potential key beneficiary.
Stock Market Today, Oct. 16: Apple Edges Higher on iPhone Duo Preorder Surge
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