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Apple is exploring an AI deal with Meta. Under the potential deal, reported by the Wall Street Journal, Meta would integrate its AI capabilities into Apple’s internal generative AI project.
Meanwhile, the European Union may have to wait for Apple’s new AI features. The company likely won’t release the updates in the EU this year because of regulatory concerns.
A massive cyberattack against car dealerships could take several more days to resolve. Computer services company CDK Global, which more than 15,000 retailers use, is still working to fix the issue.
Boeing likely won’t face charges for violating a 737 Max plea deal. The New York Times reported that the Department of Justice will not pursue charges for a potential violation of the 2021 agreement it struck after two fatal crashes involving the aircraft.
Starbucks is going all in on discounts. The goal is to win back inflation-weary customers, but some staff are being overwhelmed by long lines.
The biggest banks need better bankruptcy plans
Were the likes of JPMorgan and Goldman Sachs to go under, federal regulators aren’t entirely impressed by how they’d handle it.
The Federal Deposit Insurance Commission and Federal Reserve Board discovered weaknesses in the bankruptcy plans of Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase, the agencies disclosed last week. Regulators found a weakness in each of the four banks’ plans to unwind their sprawling derivatives portfolios, raising questions about the feasibility of their bankruptcy plans.
When provided with different inputs and scenarios, the banks’ plans hit a snag in a number of areas. Quartz’s Rocio Fabbro looked at the specifics of the banks’ shortcomings.
Americans take the fewest vacation days in the world
People who live in the U.S. are just too swamped to take a holiday — or so they say.
Despite only receiving an average of 12 vacation days a year, more than half of Americans said they didn’t use all of their vacation time last year. The top reason? “Life is too busy to plan or go on vacation.”
Let’s just say workers in Europe and Japan have much different outlooks.
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Surprising discoveries
Barcelona won’t let tourists rent apartments by 2028. The decision is aimed at making housing more affordable for locals.
Montana has nearly twice as many cows as residents. And yet only 1% of the beef that they buy is from the state.
The entire stock markets of Germany, France, and the U.K. are smaller than Nvidia’s market cap. Holy chip!
Chimps seek out antibacterial and healing plants when they’re ill. They might even know about medicines humans haven’t discovered.
Patagonia may hold the secret to a new lager. The biodiversity of the region is inspiring yeast hybrids for the beer.
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