C.O.

Walt Disney Co. and Universal Pictures have sued AI company Midjourney, which the studios allege trained its image generation models on their copyrighted materials.

Discovery joins a legal fight brought in June by Walt Disney Co. and Comcast’s Universal Pictures.

Thomas Schumacher, the long-serving executive who was key to Walt Disney Co.’s success on Broadway, is stepping down this month, the company said Wednesday.

Research from McKinsey & Co., a management consulting firm, found that nearly 8 in 10 companies have deployed generative AI, but that same number also is reporting “no material impact on earnings.”

The department also requested additional resources from Southern California Gas Co. to assist, according to an advisory update.