Red Hat, the IBM-owned open source software firm, is acquiring Neural Magic, a startup that optimizes AI algorithms to run on commodity processors.

Date: Nov 06, 2024

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"American Freight, a discount furniture and appliance retailer with more than 328 locations across 41 states"

"“sustained inflation and macroeconomic challenges” have weighed heavily on American Freight’s profitability."

"Liquidation sales began on November 5, promising up to 30% off the lowest ticketed prices on all inventory."

List of stores in article.

Pinterest reported third-quarter earnings on Thursday that beat on the top and bottom lines.

cross-posted from: https://lemmy.world/post/21787336

AMC Networks has rolled up BBC America, paying $42 million in cash for full control of the cable network a decade after making a minority investment.

cross-posted from: https://lemmy.world/post/21787332

On Nov. 7, a day after Donald Trump's victory, Warner Bros. Discovery chief David Zaslav delivered a message: It's open season on dealmaking.

cross-posted from: https://lemmy.world/post/21775235

Paramount Global has posted lower year-on-year revenue in Q3, but Paramount+ added 3.5 million subscribers as DTC profit hit $49 million.

Second-quarter profits at Sony Pictures Entertainment slid to $124M for the three months ended September 30

Rivian reported Thursday revenue of $874 million in the third quarter — more than 12% lower than analysts' estimates — as the EV startup struggled to

Yelp, which made a name for itself giving restaurant recs, just bought an auto services website for $80 million in cash.

Q2 climbs 23% on Armv9 adoption, but licensing dips

cross-posted from: https://lemmy.world/post/21736823

The media giant's overall results were dragged down by the studios division, which posted a 17% decrease in revenue and 58% decrease in profit