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Spirit Airlines rejects another Frontier Airlines acquisition worth $2.16B

Spirit Airlines on Tuesday rejected Frontier Group’s acquisition offer, worth about $2.16 billion, saying the bid from its fellow ultra-low-cost carrier was less beneficial to shareholders than its ongoing reorganization plan. Frontier’s offer was a reiteration of its proposal from earlier this month in which it proposed Spirit’s shareholders would get $400 million in debt

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Media

JPMorgan Chase reportedly to start rounds of layoffs

JPMorgan Chase reportedly has several rounds of layoffs coming this year, and some workers at the company have apparently started being told they will lose their jobs.  Barron’s reported Wednesday that some JPMorgan Chase employees learned from supervisors last week that their jobs would be impacted by layoffs. The outlet cited unnamed sources “familiar with the

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Nvidia

Safety First: Leading Partners Adopt NVIDIA Cybersecurity AI to Safeguard Critical Infrastructure

The rapid evolution of generative AI has created countless opportunities for innovation across industry and research. As is often the case with state-of-the-art technology, this evolution has also shifted the landscape of cybersecurity threats, creating new security requirements. Critical infrastructure cybersecurity is advancing to thwart the next wave of emerging threats in the AI era.

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Nvidia

How Scaling Laws Drive Smarter, More Powerful AI

Just as there are widely understood empirical laws of nature — for example, what goes up must come down, or every action has an equal and opposite reaction — the field of AI was long defined by a single idea: that more compute, more training data and more parameters makes a better AI model. However,

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Nvidia

What Are Foundation Models?

Editor’s note: This article, originally published on March 13, 2023, has been updated. The mics were live and tape was rolling in the studio where the Miles Davis Quintet was recording dozens of tunes in 1956 for Prestige Records. When an engineer asked for the next song’s title, Davis shot back, “I’ll play it, and

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Media

Ford CEO says tariffs could ‘blow a hole’ in US auto industry

Ford CEO Jim Farley said Tuesday that President Donald Trump’s tariff push has so far brought “a lot of cost and a lot of chaos” to the auto industry despite the president’s aims to help the industry. “President Trump has talked a lot about making our U.S. auto industry stronger, bringing more production here, more

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Nvidia

NVIDIA CEO Awarded for Advancing Precision Medicine With Accelerated Computing, AI

NVIDIA’s contributions to accelerating medical imaging, genomics, computational chemistry and AI-powered robotics were honored Friday at the Precision Medicine World Conference in Santa Clara, California, where NVIDIA founder and CEO Jensen Huang received a Luminary award. The Precision Medicine World Conference brings together healthcare leaders, top global researchers and innovators across biotechnology. Its Luminary award

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Nvidia

Technovation Empowers Girls in AI, Making AI Education More Inclusive and Engaging

Tara Chklovski has spent much of her career inspiring young women to take on some of the world’s biggest challenges using technology. The founder and CEO of education nonprofit Technovation joined the AI Podcast in 2019 to discuss the AI Family Challenge. Now, she returns to explain how inclusive AI makes the world a better

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Media

McDonald’s takes massive sales hit from E. coli outbreak

McDonald’s sales took a significant hit in its latest quarter due to an E. coli outbreak linked to slivered onions that killed one person and sent over two dozen to the hospital. CEO Chris Kempczinski told analysts during an earnings call on Monday that sales at U.S. stores slipped 1.4% during the fourth quarter, which

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Media

Hyatt to acquire Playa Hotels for $2.6B

Hyatt Hotels will buy Playa Hotels & Resorts for about $2.6 billion including debt, net of cash, the company said on Monday, seeking to boost its presence in Mexico and the Caribbean. The acquisition follows rising interest in upscale and luxury offerings outside the U.S. as more Americans take advantage of a stronger dollar. Playa

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