Tech
SAG-AFTRA members back a video game industry strike
Game on! With clear resolve to strike a deal, union readies to recommence negotiations armed with authorisation.
In a resounding display of solidarity, members of the Screen Actors Guild‐American Federation of Television and Radio Artists (SAG-AFTRA) have endorsed a video game strike authorisation vote with an astonishing 98.32% voting in favour.
The SAG-AFTRA agreement which covered video game performers expired last November and has been extended on a monthly basis as the union negotiated with major video game companies.
The vote was initiated to address issues related to fair compensation, transparent contracts, and improved working conditions for video game voice actors and performers and is an extension of has been unfolding in Hollywood recently.
The resolute decision by the members empowers SAG-AFTRA to negotiate with video game production companies for better terms that adequately value the contributions of performers in this burgeoning sector. The resounding mandate highlights the urgency and importance of addressing the grievances and achieving a fair and mutually beneficial resolution.
Tech
AI stocks surge amid market shifts and spending warnings
AI sector drives economic growth; Meta adjusts strategy, Palantir’s valuation sparks questions, and Nvidia leads amid rising competition.
AI sector drives economic growth; Meta adjusts strategy, Palantir’s valuation sparks questions, and Nvidia leads amid rising competition.
The artificial intelligence sector continues to be a major driver of growth for both the U.S. and global economies. Companies at the forefront of AI innovation are influencing market trends and reshaping industries worldwide.
Meta’s stock has rebounded slightly following reports of potential cost-cutting measures and job reductions in its Reality Labs division. Investors are watching closely as the company adjusts its strategy to manage rising expenses and optimize innovation.
Palantir is trading at over 120 times forward sales and 180 times forward earnings, signaling investor confidence but also raising questions about valuation risks. Meanwhile, Nvidia maintains a market cap of $4.2 trillion as a leading AI chip supplier, yet competition is ramping up.
These moves highlight the growing tension between tech giants’ AI ambitions and the practical need to balance profits with heavy R&D spending.
Some analysts, however, warn that rapid growth may not be sustainable, with current levels of AI-related spending potentially overshooting realistic returns.
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Tech
AI investments set to surge in 2026 as companies target productivity gains
Analysts forecast $500 billion AI investment by 2026, transforming corporate spending priorities and enhancing economic productivity.
Analysts forecast $500 billion AI investment by 2026, transforming corporate spending priorities and enhancing economic productivity.
Analysts predict that artificial intelligence companies could invest over $500 billion in 2026, signaling a major shift in corporate spending priorities. This surge in capital allocation comes as businesses look to harness AI to drive growth and efficiency across multiple sectors.
Following strong third-quarter earnings, overall capital spending estimates for 2026 have been revised upward. However, investors are becoming more selective, focusing on companies that can clearly demonstrate revenue benefits from their AI investments, separating hype from tangible results.
AI adoption is expected to boost economic productivity, with significant investment already flowing into AI infrastructure such as semiconductors and data centres. The coming year could redefine how companies leverage technology to gain a competitive edge.
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Tech
Airbus A320 fleet faces software upgrade due to risk
Airbus alerts A320 operators to urgent software fix after JetBlue incident raises safety concerns
Airbus alerts A320 operators to urgent software fix after JetBlue incident raises safety concerns
– Airbus warns over half of A320 fleet needs software fixes due to potential data corruption risks.
– Affected airlines must complete upgrades before next flights, with operational disruptions anticipated during a busy travel season.
Airbus has issued a warning regarding its A320 fleet, indicating that over half of the active jets will require a software fix.
It follows a recent incident involving a JetBlue Airways aircraft, where “intense solar radiation” was found to potentially corrupt data crucial for flight control system operation.
The European plane manufacturer stated that around 6,500 jets may be affected. A regulation mandates that the software upgrade must occur before the next scheduled flight.
Operational disruptions for both passengers and airlines are anticipated. The issue arose from an incident on October 30, where a JetBlue flight experienced a computer malfunction that resulted in an uncommanded descent. Fortunately, no injuries occurred, but the malfunction of an automated computer system was identified as a contributing factor.
Airlines, including American Airlines Group, have begun to implement the required upgrades.
The majority of affected jets can receive an uncomplicated software update, although around 1,000 older models will necessitate an actual hardware upgrade, requiring grounding during maintenance.
Hungarian airline Wizz Air has also initiated necessary maintenance for compliance, potentially affecting flights. This announcement has surfaced during a busy travel season in the US, with many facing delays due to other factors as well.
Regulatory Response
The European Union Aviation Safety Agency has mandated that A320 operators replace or modify specific elevator-aileron computers. The directive follows the JetBlue incident, where a malfunction led to a temporary loss of altitude.
Airbus’s fix applies to both the A320 and A320neo models, representing a vital response in ensuring aircraft safety.
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