Rivian had positive earnings, indicating the success of their electric vehicle offerings.
WeWork is navigating bankruptcy court, highlighting the challenges faced by the coworking company.
Deep dives
Nintendo plans live action movie based on Legend of Zelda
Nintendo has announced plans to produce a live action movie based on the Legend of Zelda video game series. The company aims to release one movie per year, building on the success of the animated Super Mario Bros. film which generated $1.36 billion in global ticket sales. The Legend of Zelda movie will be produced in collaboration with Arad Productions.
Take-Two Interactive to announce details of Grand Theft Auto VI
Take-Two Interactive, the publisher of the popular Grand Theft Auto (GTA) video game series, is expected to announce details of the highly anticipated Grand Theft Auto VI. The previous game in the series, GTA V, has been one of the best-selling games of all time, selling 185 million copies. GTA VI is set to be sent in a fictionalized version of Miami and will feature two protagonists, one male and one female.
Sequoia Capital invests heavily in AI startups
Venture capital firm Sequoia Capital has been increasing its investments in AI startups, with 20 investments made in the AI space this year. The focus is on startups that are solving real customer problems, such as AI-powered contract generation for lawyers, personal assistants for task automation, and open source tools for developers. Sequoia believes that the value of AI companies is not just in the technology, but also in the fundamentals of building a successful company.
OpenAI plans to release GPT language models more abundantly
OpenAI, known for its GPT language models, plans to release the models more abundantly, allowing developers to use the technology in creating their own AI applications. OpenAI aims to empower developers and creators to leverage the power of AI and implement generative AI capabilities into various projects. The company focuses on supporting and augmenting the capabilities of creators rather than being the sole provider of AI services.
Bloomberg's Caroline Hyde and Ed Ludlow break down Rivian earnings with CEO RJ Scaringe. Plus, WeWork appears in bankruptcy court and Take Two Interactive shares surge on details of its anticipated Grand Theft Auto Six.
