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Latest news

Disney created AI task force

Walt Disney has established a special committee to explore the potential applications of artificial intelligence (AI) within its expansive entertainment empire, despite ongoing disputes between Hollywood writers and actors over the utilization of AI in the industry. Initiated earlier this year, predating the Hollywood writers' strike, the committee's objective is to internally develop AI solutions and also establish collaborations with startups.

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Yeezy boosted margins for Adidas

Adidas provided further indications that its turnaround is gaining momentum as the sportswear giant shifts its focus towards its overall strategy, rather than the sell-off of remaining Yeezy shoes. While acknowledging that strong sales of Yeezy stocks have helped reduce the projected full-year loss, Adidas executives downplayed expectations for future releases, citing the difficulty of predicting demand for these shoes.

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Lamborghini could hit 10,000 sales

Lamborghini's CEO stated that the luxury sports carmaker could potentially sell 10,000 cars this year, marking the first time it reaches this milestone, as the company reported increased profits and revenues in the first half.[1] In the January to June period, Lamborghini sold 5,341 cars, a 4.9% increase compared to the same period last year, with the United States being its largest market.

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Rheinmetall will open tank repair centre in Ukraine

Rheinmetall, a German industrial group, has plans to establish a repair centre in Ukraine for Leopard tanks and other military equipment supplied by Germany, as per the company's CEO, Armin Papperger. The repair centre is expected to begin operations after the summer break, with Rheinmetall already training Ukrainian personnel in Germany for the job. Berlin has provided approximately 20 Leopard 2A6 tanks to Kyiv, and setting up the repair hub in Ukraine would reduce transportation distances.

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Spotify raised prices for its premium plans

In an effort to improve profitability amid economic uncertainty, Spotify Technology has raised the prices of its premium plans in various countries, including the United States and United Kingdom. The company implemented a $1 price hike for its U.S. plans, with the premium single plan now starting at $10.99, duo at $14.99, family at $16.99, and the student plan at $5.99.

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A key director is leaving OpenAI

Dave Willner, OpenAI's head of trust and safety, has announced his departure from the company. In a LinkedIn post, he cited the strain of his job on his family life as the reason for leaving. He mentioned that he would be open to advisory work in the future. OpenAI has not yet responded to questions about his exit.

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