To end strikes in its biggest factories, Ford entered into a tentative agreement with the United Auto Workers Union to increase the wages of its 57,000 workers by 25% in the next four and a half years.
The increase in wages will add $850 to $900 labor cost per vehicle. Ford faces a challenging task in balancing vehicle price, margin, and demand while remaining competitive relative to non-unionized automakers such as Tesla.
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Google will invest $2 billion in Anthropic to further develop Claude 2, a rival to OpenAI’s ChatGPT.
Claude 2 can summarize up to 75,000 words and is regarded as the most “self-aware” chatbot. It has been trained to be explicit about what it knows and does not know and answers only questions that it has training data to support.
Related: this previous OM in the News post about Amazon and Anthropic leveraging each other’s work on AI.
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Governor Newsom signed into law a rapid pay hike for fast food workers, increasing their minimum wage from an average of around $16/hour, to $20/hour, effective on April 1, 2024.
While some workers may be happy, the $20/hour rate is predicted to wreak havoc on the restaurants that must pay it.
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Airbus is replacing heavy fuel oil with wind power to run its transatlantic supply ship routes between Europe and the U.S..
The new shipping fleet will reduce the company’s average annual transatlantic carbon dioxide emissions by 63%, helping Airbus reach its decarbonization goals by 2030.
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This post is based on The Loadstar article, Airbus opts for wind power as it replaces its […]