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Accenture Acquires Marketing and Tech Agency Work & Co.
  + stars: | 2024-01-13 | by ( Patrick Coffee | ) www.wsj.com   time to read: 1 min
Accenture has raised its profile in the advertising business in recent years. Photo: ARND WIEGMANN/REUTERSAccenture Song, the creative services division of consulting giant Accenture , has struck a deal to acquire Work & Co., a digital design and technology agency whose clients have included Apple , Google, Pfizer and the PGA Tour. Terms of the deal, which Accenture expects to close this month, weren’t disclosed.
Persons: ARND, weren’t Organizations: Accenture, Apple, Google, Pfizer, PGA
Temu has increased its ad spending in recent months to grow more popular in the U.S. Photo: Jakub Porzycki/Zuma PressFor the second year in a row, Super Bowl viewers will hear from one of the fastest-growing Chinese-backed retail businesses. E-commerce platform Temu has committed to buying multiple ad units during the Super Bowl to be played Feb. 11, people with knowledge of the matter said.
Persons: Temu, Jakub Porzycki Organizations: Zuma, Super Bowl Locations: U.S
Film star Tom Hanks took to Instagram in October to warn consumers about an AI-generated deepfake ad in which he appeared to endorse an unnamed company’s dental plan. Photo: Evan Agostini/Invision/Associated PressSome TikTok users recently encountered an ad in which the YouTube star known as MrBeast appeared to offer 10,000 new iPhones for just $2 each. The deal sounded too good to be true, and it was. MrBeast last month joined film star Tom Hanks and CBS anchor Gayle King in a growing cohort of celebrities who say scammers have made unauthorized use of their likenesses in convincing, AI-generated deepfake ads hawking phones, fake dental plans and dubious weight-loss solutions.
Persons: Tom Hanks, Evan Agostini, MrBeast, Gayle King Organizations: Instagram, Associated, CBS
Film star Tom Hanks took to Instagram in October to warn consumers about an AI-generated deepfake ad in which he appeared to endorse an unnamed company’s dental plan. Photo: Evan Agostini/Invision/Associated PressSome TikTok users recently encountered an ad in which the YouTube star known as MrBeast appeared to offer 10,000 new iPhones for just $2 each. The deal sounded too good to be true, and it was. MrBeast last month joined film star Tom Hanks and CBS anchor Gayle King in a growing cohort of celebrities who say scammers have made unauthorized use of their likenesses in convincing, AI-generated deepfake ads hawking phones, fake dental plans and dubious weight-loss solutions.
Persons: Tom Hanks, Evan Agostini, MrBeast, Gayle King Organizations: Instagram, Associated, CBS
Divide Between CMOs and CEOs Is Growing, Research Finds
  + stars: | 2023-10-30 | by ( Patrick Coffee | ) www.wsj.com   time to read: 1 min
CMOs are more likely than in past years to say CEOs don’t understand the work marketers do, according to a new survey by McKinsey. Photo: ANDREW KELLY/REUTERSChief executives and chief marketing officers often don’t see eye-to-eye on what precisely the role of CMOs entails or even on the effectiveness of corporate strategy. And in some cases, the disconnect is growing. CEOs have been paying closer attention to their companies’ marketing operations as sources of growth in an unsteady economy, observers say. Frequently, CEOs are certain they understand how modern marketing works; in many cases, their CMOs don’t share that confidence.
Persons: ANDREW KELLY Organizations: McKinsey, REUTERS
Both Coinbase and Kraken have been lobbying the U.S. government for an industry-friendly regulatory framework. Photo: Pavlo Gonchar/Zuma PressTwo of crypto’s biggest brands are working to reintroduce consumers and lawmakers alike to the optimism that powered early investment in the sector, even as the high-stakes trial of FTX founder Sam Bankman-Fried continues to dominate conversation around digital currencies. Despite these efforts by exchanges Kraken and Coinbase and the recent introduction of parallel House and Senate bills to establish a nationwide regulatory framework for crypto, the industry faces an uphill battle on the regulatory front, with some senators expressing opposition to crypto-friendly legislation.
Persons: Pavlo Gonchar, Sam Bankman, Fried Organizations: Zuma, crypto’s
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Persons: Dow Jones, 66dc90a5 Organizations: elon
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Persons: Dow Jones
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Persons: Dow Jones
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Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/aaron-rodgers-season-ending-injury-new-york-jets-sponsors-5b13d854
Persons: Dow Jones, aaron, rodgers
Patrick CoffeePatrick Coffee is a reporter for The Wall Street Journal's CMO Today in New York, where he covers marketing and advertising. He was previously a correspondent at Business Insider, covering advertising with a focus on holding companies, brand marketers, tech platforms and related investment activity. Prior to joining Insider, he was Editor at Large at Adweek, where he managed coverage of advertising agencies and their clients.
Persons: Patrick Coffee Patrick Coffee Organizations: Business Locations: New York, Adweek
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Persons: Dow Jones Organizations: toyota
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Persons: Dow Jones
Across the country AI chatbots are now taking fast-food drive-thru orders. WSJ’s Joanna Stern put the tech through a series of tests at a Hardee’s—including blasting dog barking sounds and asking some crazy questions. Generative artificial intelligence has captivated marketers’ attention by promising to help them conduct research and produce campaigns more efficiently. But it is also poised to further complicate some of their most thankless tasks, such as ensuring that their ads run only near content they want and that their digital marketing materials stay on-brand.
Persons: WSJ’s Joanna Stern
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Persons: Dow Jones, c89ce344
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/lyft-to-expand-its-ad-business-as-new-ceo-eyes-a-turnaround-c9554ef8
Persons: Dow Jones
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Persons: Dow Jones
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Persons: Dow Jones Locations: hollywood
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Persons: Dow Jones
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Persons: Dow Jones
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Persons: Dow Jones
Celebrities Use AI to Take Control of Their Own Images
  + stars: | 2023-06-18 | by ( Patrick Coffee | ) www.wsj.com   time to read: 1 min
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Persons: Dow Jones
Video Ads Are Coming to All Your Uber Apps
  + stars: | 2023-06-15 | by ( Patrick Coffee | ) www.wsj.com   time to read: 1 min
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Persons: Dow Jones
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Persons: Dow Jones
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