Alaska Airlines is acquiring Hawaiian Airlines for $1.9 billion, aiming to expand air service options throughout the Pacific region and the Continental United States. McDonald’s plans to open nearly 10,000 more restaurants by 2027, with more than a third located in China. Spotify is ending 2023 with its third and biggest layoffs of the year, letting go of 17% of its workforce. OpenAI has delayed its chatbot store to next year following recent controversy surrounding CEO Sam Altman.
Key takeaways:
- The global shipping industry is facing a downturn, with shipping container rates collapsing and a freight recession expected to last until 2024.
- Google has released Gemini, a new generative AI model that can understand different types of information, including text, audio, images, and video.
- Marvel Studios is facing its first box office bomb in 15 years with its latest release, _The Marvels_.
- Alaska Airlines is acquiring Hawaiian Airlines for $1.9 billion, aiming to expand air service options throughout the Pacific region, Continental United States and globally.