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www.nytimes.com
3 months ago
Artificial intelligence

A.I. Promises Give Tech Earnings a Jolt

Meta's quarterly earnings were strong, with profits tripling from a year ago, attributed to the benefits of artificial intelligence and cost-cutting.
Meta will start paying stock dividends for the first time and announced a $50 billion buyback, showing the company is coming of age. [ more ]
www.cbc.ca
5 months ago
Canada news

GM scales back electric vehicle and self-driving car plans as new labour deals will cost it $10B | CBC News

General Motors plans to scale back its plans for electric vehicles and self-driving cars due to the high costs of new labour deals with unions in the US and Canada.
Despite the cost, GM plans to buy back $10 billion of its own shares and increase its dividend by 33%.
GM's new guidance lowered its expected net income for 2023 and included an estimated $1.1 billion impact from the UAW strike. [ more ]
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