Toymaker Mattel (MAT) won’t unveil its first product with OpenAI this year as originally hoped, Axios has confirmed, Ina Fried reports. The move comes amid greater scrutiny of AI interactions with teens as well as some high-profile issues with other toys that include generative AI, the author notes.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MAT:
- Positive Outlook for Mattel: Strong Demand, Strategic Pricing, and Growth Potential Drive Buy Rating
- Despite Outage, Shopify (SHOP) Posts Record Thanksgiving Sales of $14.6 Billion
- Netflix (NFLX) Expands into Merchandising and Live Events
- Mattel Issues $600M Senior Notes for Debt Refinancing
- Seaport start Mattel with a Neutral amid ‘mix of pros and cons’
