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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.
- 2CNN 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.
- 3Maryland Joins $2.3 Million Labcorp Data Breach Settlement▼Maryland Joins $2.3 Million Labcorp Settlement Over Massive Data Breach
Maryland has joined a $2.3 million settlement with Laboratory Corporation of America (Labcorp) stemming from a large data breach affecting the medical testing company. The multistate settlement resolves claims that Labcorp failed to adequately protect customers' personal information. Residents affected by the breach may be eligible for compensation under the agreement, and officials say it underscores the cost of weak data security.
- 4Corporate 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.
- 5Illinois AG Raoul Announces Multistate Labcorp Data Breach Settlement▼Attorney General Raoul Announces Multistate Settlement With Labcorp Over American Medical Collection Agency Data Breach
Illinois Attorney General Kwame Raoul has announced a multistate settlement with Laboratory Corporation of America (Labcorp) over the 2019 data breach at American Medical Collection Agency, a billing vendor that exposed patients' personal and financial information. The settlement resolves claims that Labcorp failed to adequately oversee and protect data held by its collection agency partner.
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Laboratory Corporation of America has reached a settlement over a data breach that includes a $100,000 payment to North Carolina, according to a local report. The agreement is part of resolution efforts following the breach, though details on total settlement amounts and affected consumers were not provided in the report.
- 7Labcorp 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.