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Knight Rider - David Hasselhoff
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Chevy Knight Rider

GM plans to launch conversational AI in some vehicles next year

The automaker announced a host of tech initiatives at its GM Forward event on Wednesday morning.

KITT is here, and it’s a Buick.

At a software event on Wednesday, GM execs said that as early as next year, the owners of select GM vehicles will be able to chat with their vehicle via Google Gemini AI. According to the automaker, drivers will be able to talk to their car “as naturally as [they] would to a fellow passenger.”

Eventually, GM will integrate its own AI system into its vehicles, the company said, walking drivers through directions or parallel parking.

Along with the “Knight Rider” update, GM discussed a host of other techy plans. The automaker said it will launch a driver assistance system in its vehicles by 2028, enabling eyes-off, hands-free driving.

GM currently has 30,000 robots operating in its factories, most of which are giant arms. The company said it’s also developing autonomous mobile bots and robots that will be able to work alongside humans.

The updates come just a day after GM reported its third-quarter earnings, which came in better than expected and sent the stock surging up to an all-time closing high. It was the second-best one-day change for the ticker since it first started trading in 2010.

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Warner Bros. Discovery climbs amid reports it’s rejected takeover offers around $24 per share

Shares of Warner Bros. Discovery are trading up on Wednesday as a bidding war for the HBO and CNN parent company heats up.

According to CNBC, WBD has now rejected three Paramount Skydance offers. The latest was said to be for close to $24 per share (about a 15% premium from the stock’s level as of Wednesday morning and nearly double where it was trading before reports of a potential takeover surfaced in September) with 80% in cash. Yesterday afternoon, Reuters reported that WBD’s board rejected the $24 offer on Tuesday.

WBD, which said on Tuesday it was open to a sale and that there are multiple interested parties, climbed on the latest update. The stock was up more than 4% after the market opened before its gains narrowed.

According to reports, Paramount remains the most interested potential buyer, but Comcast, Amazon, and Netflix are also circling.

On Netflix’s earnings call after the bell Tuesday, the streamer’s co-CEO, Ted Sarandos, reiterated that the company has “no interest in owning legacy media networks.” Still, industry experts have speculated that a sale of WBD’s streaming and film studios business — which it previously intended to spin off — could be on the table, leaving Netflix in the hunt.

WBD, which said on Tuesday it was open to a sale and that there are multiple interested parties, climbed on the latest update. The stock was up more than 4% after the market opened before its gains narrowed.

According to reports, Paramount remains the most interested potential buyer, but Comcast, Amazon, and Netflix are also circling.

On Netflix’s earnings call after the bell Tuesday, the streamer’s co-CEO, Ted Sarandos, reiterated that the company has “no interest in owning legacy media networks.” Still, industry experts have speculated that a sale of WBD’s streaming and film studios business — which it previously intended to spin off — could be on the table, leaving Netflix in the hunt.

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Mattel stock sinks after the Barbie maker posts disappointing Q3 results

Shares of toymaker Mattel fell by more than 6% in early trading this morning, after the company posted third-quarter results on Tuesday evening that missed analysts’ estimates.

The company, which owns Barbie and Hot Wheels, reported net sales of $1.74 billion — a 6% slump year over year, and short of the $1.83 billion Wall Street expected — with net profit also slipping by 25% to $278 million.

Plant Based Meat Burger on grill

Beyond Meat is soaring again — can the fake meat company turn the meme stock spotlight into a real future?

The faux meat maker’s stock is up more than 1,200% since October 16, but its core business is still a cash incinerator.

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