Markets

Waymo pioneer Sebastian Thrun is building a new robotics startup

Sebastian Thrun, one of the pioneers of the self-driving industry, is working on a new robotics startup called Dulo.He revealed the new venture at the end of a keynote speech at Actuate, a robotics conference in San Francisco on Tuesday.”I am not speaking about the company yet,” Thrun said. “It’s…

McDonald’s is losing ground to rivals like Burger King with a key customer group

McDonald’s is losing ground to rivals among low-income fast-food diners, according to recent data.Spending by low-income guests at the Golden Arches declined 2.4% year-over-year during the company’s latest quarter, said consumer analytics company Numerator. The firm defines “low-income guests” as those from households making $40,000 or less a year.The drop…

American Airlines is reversing its bet against seatback screens

For years, American Airlines bet that travelers would rather watch in-flight movies on their own phones or tablets.No more.On Tuesday, the airline said it plans to install seatback entertainment screens on around 800 single-aisle jets. New Airbus and Boeing jets with the screens will begin arriving in 2028, with retrofits…

Harvey’s first LLM for legal work is here

Harvey built an $11 billion legal-software business on top of other companies’ AI models. Now it’s trying to prove it can build one of its own.On Tuesday, Harvey introduced Harvey Tenet, its first in-house, proprietary model for legal work. Tenet is designed to help Harvey’s software take on more of…

Live Q&A: Hollywood brought the heat this summer. Can it last?

It’s been a hot summer in Hollywood.”Spider-Man: Brand New Day” had a record-breaking opening weekend, bringing in $360 million.Fans were shelling out as much as $600 and traveling thousands of miles to catch “The Odyssey” on premium Imax screens.And, if you think back to early June, the horror films “Obsession”…