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Corporate America
Trends
- 1Corporate America turns to cheaper open AI models▼Corporate America embraces cheaper ‘open’ AI models
The Financial Times reports that US companies are increasingly adopting cheaper 'open' AI models rather than relying solely on costly proprietary systems from major vendors. Businesses are drawn to open models for their lower cost and greater flexibility, a shift that could reshape how enterprises buy artificial intelligence and put pressure on providers of expensive closed systems.
- 2Labcorp to Pay $2.3 Million Over Maryland Data Breach▼451,558 Marylanders Impacted By Labcorp Data Breach; Company Reaches $2.3 Million Settlement
Laboratory Corporation of America has reached a $2.3 million settlement over a data breach that affected 451,558 Maryland residents. The agreement resolves claims stemming from the cybersecurity incident, in which customer information was compromised. The settlement covers Marylanders whose personal data was exposed in the breach, and it is drawing attention across the state as affected residents learn about the compensation arrangement and what it means for them.
- 3Corporate America shifts AI budgets to cheaper open-weight models●Corporate America routes AI spend to cheaper open-weight models — frontier labs feel the squeeze
US companies are reportedly redirecting AI spending toward cheaper open-weight models instead of frontier systems from leading labs, putting pricing pressure on the biggest AI developers. The shift suggests enterprises see open alternatives as good enough for many workloads, threatening the premium pricing that frontier labs have relied on and intensifying competition across the AI industry.
- 4CFOs raise inflation forecasts, flag interest rates as top worry●Corporate finance chiefs lift inflation outlook, cite rates as concern - Fed survey
A Federal Reserve survey of corporate finance chiefs finds that chief financial officers have raised their expectations for inflation and now cite interest rates as a key concern. The shift suggests businesses are bracing for price pressures to persist and for borrowing costs to remain a constraint on investment and hiring decisions.
- 5CNN Staff Describe 'Funeral' Mood as Paramount Acquires Warner Bros●CNN Mood 'Like a Funeral' as Paramount Acquires Warner Bros
Paramount has won the bidding for Warner Bros., a deal that would place CNN under new ownership. Reports from inside CNN describe the atmosphere as 'like a funeral,' with employees uncertain about their futures and the news network's editorial direction. The acquisition ends a contested takeover battle and raises questions about potential restructuring, job cuts, and how Paramount will manage one of America's most prominent cable news operations going forward.
- 6Wisconsin Joins $2.3 Million Labcorp Data Breach Settlement▼Wisconsin Joins $2.3M Labcorp Data Breach Settlement
Wisconsin has joined a $2.3 million settlement with Laboratory Corporation of America (Labcorp) related to a data breach. The settlement resolves claims connected to the exposure of customer information in a cyberattack. Residents affected by the breach may be eligible for compensation under the agreement. Details on payment amounts and eligibility deadlines have not been disclosed in the available coverage.
- 7Michigan credit union CEO out after 'Lake America' viral backlash●Michigan credit union CEO is out after ‘Lake America’ blowback The executive privately posted an AI-altered photo of fam
The chief executive of a Michigan credit union has left his post after posting an AI-altered photo of family members wearing 'Lake America' sweatshirts during a vacation to Canada. The privately shared image was reposted publicly without an AI label and went viral, prompting widespread criticism and his dismissal.