Tuesday, November 5

What you missed today

Author

Max
November 05, 2024

Good evening!

Your next flight booking might be thanks to AI’s optimized scheduling.

Here are the 7 things you missed today:

1.  🥇 Nvidia Is The World’s Most Valuable Company (Again)

Chip maker Nvidia passed Apple in market cap today and is now the most valuable publicly traded company in the world. It’s not the first time though – Nvidia passed Apple in June before losing its spot by the end of summer. Nvidia is now at a market cap of $3.43 trillion, ahead of Apple at $3.4 trillion.

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3. 🇪🇺 Apple Is Facing First-Ever EU DMA Fine

Apple is going to be the first company to incur a fine for violating the European Union’s Digital Markets Act (DMA) after the Commission found that Apple’s “anti-steering” practices harmed competition on the App Store. The fine amount is still TBD, but DMA rules say companies can be charged up to 10% of annual global revenue and up to 20% for repeat offenses.

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5. 📅 Alaska Airlines Is Testing AI Schedule Optimization

Alaska Airlines recently changed a daily flight route resulting in losing customers. Now, it’s turning to artificial intelligence to figure out flight schedules and avoid more losses. The airline is testing a predictive AI-powered schedule optimization tool built by Odysee, the first startup out of a partnership between the company’s investment arm, Alaska Star Ventures, and tech incubator UP.Labs.

6. 🔒 Walmart Is Testing New In-Store Tech To Lock Down Everyday Items

In an effort to combat the surge in retail theft, Walmart is planning to lock up every day items like deodorant or shampoo. Typically, this means consumers have to wait for an employee to unlock the item for them – but Walmart is testing new technology to avoid that cumbersome process. Instead, customers will be able to unlock security cases directly from their smartphones.

7.  🌐 Mozilla Foundation Lays Off 30% Of Staff

The Mozilla Foundation, the nonprofit arm of the Firefox browser maker, has laid off 30% of its employees as part of a “relentless onslaught of change.” As a result, the entire advocacy and global programs divisions are “no longer a part of [the] structure.”

Bonus. CEO Tip Of The Day

Should Election Day be a national holiday in the US? Does your company offer it as a holiday for employees? It’s estimated that the election costs $3.5 billion per hour in lost productivity. Just some food for thought.

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