Markets

California’s new EV incentive gives a leg up to Lucid and Rivian

California is launching a new incentive program for first-time electric vehicle buyers that gives companies like Rivian and Lucid an edge.Gov. Gavin Newsom signed a bill, SB 168, into law on Monday that will give first-time EV customers an instant incentive of $3,500 on a new vehicle and $1,750 toward…

OpenAI employees want everyone to know Sam Altman is totally receptive to pushback

OpenAI employees are coming out in support of their CEO, saying that, yes, he’s actually very receptive to critical feedback.Eric Mitchell, who co-leads OpenAI’s Post-training Frontiers team, wrote that there were multiple times when he “directly disagreed with, corrected, or expressed frustration with leadership to Sam.””Sam always responded with curiosity,…

3 key reasons Disney’s ‘Moana’ flopped in its box-office debut

“Moana” bellyflopped in its box-office debut, and the miss should provide Disney film executives with some hard-earned lessons.Disney’s new live-action remake about the uber-popular Polynesian princess failed to bring audiences aboard, with a $43 million domestic opening that was only slightly above the disastrous start for the “Snow White” remake…

Meta is pushing AI ads hard — and causing chaos for brands

Meta is pushing advertisers to use its AI tools — and results are proving chaotic: strangely twisted limbs, gibberish writing, or entirely changed products.Meta’s response to brands: That’s on you, not us.The tech giant has inserted a slew of AI features into its ad products in recent months. Working as…