Inside the AI startup Elon Musk is betting $60 billion on – Business Insider

With its mammoth deal for Warner Bros. Discovery, Paramount Skydance is set to amass a ton of new debt and it faces a number of other financial risks. Now one of Wall Street’s big credit-rating agencies has downgraded Paramount’s debt to junk status and cut its issuer default rating. Fitch Ratings downgraded Paramount Skydance’s long-term…

A south-east London KFC franchisee has been made to pay nearly £70,000 after a manager called an Indian worker a “slave” and forced him to work extra hours, a tribunal heard. Madhesh Ravichandran, from the Indian state of Tamil Nadu, began working at the West Wickham KFC branch in January 2023. Two months later, Mr…

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Snap no longer has a deal with Perplexity, the company revealed on Wednesday as part of its quarterly earnings report. The deal, announced last November, would have seen Perplexity’s AI search engine integrated directly into Snapchat. Perplexity was set to pay Snap $400 million in cash and equity over one year as part of the…

Bitcoin BTC$65,755.04 is down sharply as trading in the new week begins, down 5% over the past 24 hours to $64,700. U.S. stock index futures are down as well, led by the Nasdaq 100’s 0.9% decline. Precious metals are sharply higher, with gold ahead 2% and silver 5.6%. STORY CONTINUES BELOW The move in bitcoin…