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☆ Uber CEO Dara Khosrowshahi shares the most common career mistake young people make
▼ + stars: | 2023-06-14 | by ( Cadie Thompson | ) www.businessinsider.com time to read: +3 min

Having a career plan is great, but you don't want to overdo it. Uber CEO Dara Khosrowshahi says the most common mistake he sees young people make is overplanning. "I always tell people that the most common mistake I see in young people is that they overplan their career," Khosrowshahi said on a recent podcast of Acquired. An analyst is not supposed to talk to a CEO," Khosrowshahi said. IAC ended up buying Expedia in 2001, and four years later, Khosrowshahi became CEO of the travel booking company.

Persons: Dara Khosrowshahi, —, Khosrowshahi, Khosrowshahi's, Barry Diller, Diller, Barry, Herbert Allen, Allen, Uber Organizations: Service, Allen & Company, Paramount, USA Networks, IAC, Allen, Uber's Locations: Expedia

Digital Content Next shared the principles with its board and relevant committees Monday. Digital Content Next's "Principles for Development and Governance of Generative AI": Developers and deployers of GAI must respect creators' rights to their content. The urgency behind building a system of rules and standards for generative AI is intense, said Jason Kint, CEO of Digital Content Next. How generative AI will unfold in the coming months and years is dominating media conversation, said Axios CEO Jim VandeHei. "Even with AI tools or generative AI models that work in text like ChatGPT, it doesn't change the fact we're already doing this work," said Looft.

Persons: Andrew Burton, Robert Frost, Vincent Van Gogh, Google's Bard, GAI, Jason Kint, I've, Kint, We've, Jim VandeHei, VandeHei, Barry Diller, Robert Thomson, Thomson, Diller, Chris Berend, Pope Francis, Chris Looft, Berend Organizations: New York Times, Getty, NBC, The Washington Post, Street, News Corp, Development, ., A.I, Digital, Facebook, Nasdaq, Market, Big Tech, International News Media, News Media, NBC News Group, Pentagon, Bloomberg, Axios Technology, Google, Disney, ABC, NBC News, CNBC Locations: New York City, New York, Washington ,

☆ Jeff Bezos’ New Yacht Is Finally Ready to Set Sail
▼ + stars: | 2023-05-19 | by ( Kevin Koenig | ) www.nytimes.com time to read: +2 min

Mr. Bezos has been a guest on similar boats, according to Bloomberg: In 2019, he was spotted on Eos, a 305-foot sailing yacht owned by Barry Diller and Diane von Furstenberg. (Ms. Sanchez flies helicopters, and the couple was recently photographed taking a helicopter to board Abeona and then Koru.) The KerfuffleKoru set off a controversy last year — before it was even completed — in a face-off with the Dutch city of Rotterdam. They planned a protest to throw eggs at the yacht as it cruised by. In the end, the bridge was not taken apart, and the yacht was towed to a different location to have its masts attached.

☆ Biden to nominate cancer surgeon Monica Bertagnolli to lead National Institutes of Health
▼ + stars: | 2023-05-15 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Dr. Monica Bertagnolli speaks during a visit from first lady Jill Biden to the University of California San Francisco Helen Diller Family Comprehensive Cancer Center in San Francisco, Oct. 7, 2022. President Joe Biden will nominate Dr. Monica Bertagnolli, a cancer surgeon, to lead the National Institutes of Health, the White House announced Monday. Bertagnolli is currently the director of the National Cancer Institute and is the first woman to lead the organization. The NIH, which has a budget of about $45 billion, funds medical research across the U.S. and around the world. The agency played a pivotal role in developing the messenger RNA technology that underlies the Covid-19 vaccine made by Moderna.

☆ Google's new A.I. search could hurt traffic to websites, publishers worry
▼ + stars: | 2023-05-11 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

Instead of "ten blue links," the phrase that describes Google's usual search results, Google will show some users paragraphs of AI-generated text and a handful of links at the top of the results page. But website publishers are already worried if it becomes Google's default way of presenting search results, it could hurt them by sending fewer visitors to their sites and keeping them on Google.com. Rutledge Daugette, CEO of TechRaptor, a site focusing on gaming news and reviews, said Google's move was made without considering the interests of publishers and Google's AI amounts to lifting content. According to Search Engine Land, a news website that closely tracks changes to Google's search engine, the AI-generated results are displayed above the organic search results in testing so far. CNBC previously reported Google's plans to redesign its results page to promote generated AI content.

☆ OpenAI changed its plans and won't train on customer data, Sam Altman says
▼ + stars: | 2023-05-05 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

OpenAI hasn't trained its AI large-language models such as GPT with paying customer data "for a while," CEO Sam Altman told CNBC on Friday. "Customers clearly want us not to train on their data, so we've changed our plans: We will not do that," Altman told CNBC's Andrew Ross Sorkin. "We don't train on any API data at all, we haven't for a while," Altman told CNBC. OpenAI's business customers, which include Microsoft , Salesforce and Snapchat , are more likely to take advantage of OpenAI's API capabilities. The Guild had been pushing for limitations on the use of OpenAI's ChatGPT for script generating or rewriting.

☆ What Dominion's lawsuit could mean for Fox and its cable TV networks
▼ + stars: | 2023-04-13 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +5 min

Michael M. Santiago | Getty Images News | Getty ImagesDominion Voting System's defamation lawsuit against Fox Corp . and its cable TV networks will go to trial in the coming days, but the jury is still out on what, exactly, the lawsuit means for Fox and its business. Dominion brought its lawsuit against Fox and its TV networks, Fox News and Fox Business, in March 2021, arguing their hosts pushed false claims that Dominion's voting machines were rigged in the 2020 presidential election that saw Joe Biden triumph over Donald Trump. Worsen [Fox Corp. Stock Chart Icon Stock chart icon Fox Corp.'s stock has remained stable in recent months as evidence implicating its TV hosts and executives have come to light in Dominion's defamation lawsuit. Oftentimes, companies will pull their ads when TV networks are embroiled in controversy.

☆ Billionaire Barry Diller says the media should 'absolutely' sue AI makers over ingesting text from articles
▼ + stars: | 2023-04-12 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Barry Diller warned publishers to prepare to fight in order to get paid for AI's use of their work. Diller made the comments at the Semafor Media Summit in New York. "Companies can absolutely sue under copyright law," he said. "It's not clear right now to what extent that has copyright implications," Gerratana said. "It's possible we'll see court decisions that apply copyright law in ways that we wouldn't have expected, because this technology is new, the circumstances are new, and the facts are new."

☆ People magazine offered voluntary resignation packages alongside January layoffs, and now insiders say rumors are swirling of more staff cuts ahead
▼ + stars: | 2023-02-24 | by ( Reed Alexander | ) www.businessinsider.com time to read: +8 min

The resignations, in exchange for severance packages, were offered the same day Dotdash Meredith laid off 7% of staff. In January, Dotdash Meredith cut 7% of its headcount during a difficult squeeze for the media industry, as ad spending has tumbled amid an uncertain economy. Dan Wakeford, a 7-year veteran of the publication who had served as editor-in-chief since 2019, departed last year after the formation of Dotdash Meredith under IAC. Severance pay will be paid in installments on the regular biweekly payroll schedule. KandisDo you work at People magazine or Dotdash Meredith and have insight to share?

One of the really interesting questions here – this will be fascinating – the core of linear TV is sports rights. When you look at the size and scope of the linear TV business, it's huge. Patrick T. Fallon | Afp | Getty ImagesByron Allen, Entertainment Studios founder and CEO: I think linear TV will exist for a very, very long time. Simmons: I believe Apple, out of nowhere, will start making their own awesome televisions that have Apple TV embedded in them. We are witnessing early stages of this dynamic with deals like "NFL Sunday Ticket" on YouTube and the MLS deal with Apple TV.

☆ Lisa Loring, who played Wednesday in the original ‘Addams Family’ series, dies at 64
▼ + stars: | 2023-01-30 | by ( ) www.nbcnews.com time to read: +2 min

Lisa Loring, who played the young Wednesday Addams on “The Addams Family” from 1964 to 1966 and also appeared in “As the World Turns,” died Saturday of a stroke, her daughter Vanessa Foumberg confirmed. Godspeed my friend.”Loring’s shimmying frug dance called “The Drew” gained renewed attention with the new Netflix series “Wednesday,” on which Jenna Ortega does her own interpretation of Wednesday’s dance. Loring was born in the Marshall Islands to parents who had served in the Navy and lived in Hawaii before coming to Los Angeles with her mother. She started modeling at the age of 3 and then was cast in an episode of “Dr. Kildare.”After “The Addams Family” finished its two-season run, Loring joined Phyllis Diller’s sitcom “The Pruitts of Southampton.”She made appearances on series including “The Girl From U.N.C.L.E.,” “Fantasy Island” and “Barnaby Jones,” then secured a recurring role as Cricket Montgomery on “As the World Turns” from 1980 to 1983.

☆ Vox Media is in talks to raise $200 million as it considers asset sales and acquisitions
▼ + stars: | 2023-01-24 | by ( Claire Atkinson | Lucia Moses | ) www.businessinsider.com time to read: +2 min

Private equity giant CVC Capital is discussing a $200 million investment into Vox Media. Vox Media, which owns New York magazine, Recode, The Verge and more, recently laid off more than 100 staffers. Both CVC Capital and Group Black had talks aimed at acquiring the digital media company, according to reports. Vox Media, the digital media venture that houses assets including New York magazine, The Verge, Eater, and SB Nation, is looking to raise around $200 million, according to two people familiar with talks. The sources said they believe Vox Media CEO Jim Bankoff wants to use the money to acquire new assets while also potentially putting some Vox Media properties on the block.

☆ Goldman Sachs plans to nudge out an additional 800 staffers by skimping on bonuses after already laying off more than 3,000 employees, report says
▼ + stars: | 2023-01-14 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Sources close to Goldman Sachs told the New York Post more departures are likely on the horizon. This year's annual bonuses will be so "skimpy" employees will quit on their own, company insiders alleged. The forthcoming bonuses are expected to be "so skimpy that disgusted recipients will pack up and leave," the sources told the Post. One Goldman employee described morale in the office as "super low" and claimed their co-workers are "very depressed," according to the New York Post report. A Goldman Sachs spokesperson addressed the layoffs in a statement to Insider: "We know this is a difficult time for people leaving the firm.

☆ After Tech Wreck, Barry Diller Could Deliver Buffett-Beating Returns
▼ + stars: | 2022-11-14 | by ( Laura Forman | ) www.wsj.com time to read: 1 min

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☆ In a Tech Wreck, Barry Diller Could Deliver Buffett-Beating Returns
▼ + stars: | 2022-11-14 | by ( Laura Forman | ) www.wsj.com time to read: 1 min

☆ Billionaire IAC chairman Barry Diller says Elon Musk bought Twitter as a toy: 'How long he will use it, like toys, we don't really know'
▼ + stars: | 2022-11-07 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

Billionaire IAC chairman Barry Diller has mixed feelings about Elon Musk's Twitter acquisition. On CNBC's Squawk Box, Diller said Musk "bought a toy, and how long he will use it, like toys, we don't really know." "You've got this extraordinarily wealthy person, and he bought a toy," Diller said. "He bought a toy, and how long he will use it, like toys, we don't really know, but he's not going to walk away, I don't think." By headcount, however, Twitter is already much smaller in the days since Musk bought it.

☆ Billionaire Barry Diller said there is something 'quite odd' in Mark Zuckerberg's decision to turn Facebook into Meta
▼ + stars: | 2022-11-07 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

IAC founder Barry Diller said "something is quite odd" in Mark Zuckerberg's metaverse pivot. Meta has shed over 70% of its value since the Facebook founder changed its name. Diller has made billions in founding and investing in top media companies like Expedia Group, Fox Broadcasting Company and USA Broadcasting. Last week, Federal Communications Commissioner Brendan Carr told Axios regulatory agencies like the Council on Foreign Investment in the US should take action to ban the app which is owned by Chinese media company ByteDance. At Meta, Zuckerberg has continually copied the popular video-app, rolling out features like Instragram Reels.

☆ Barry Diller says Twitter is a toy for Elon Musk
▼ + stars: | 2022-11-07 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Barry Diller, chairman of IAC and Expedia, told CNBC's "Squawk Box" Monday that Twitter, which he said is a toy for Elon Musk, will "much smaller business" under its new owner. Diller said he believes Musk is "quixotic" but "very rational," and he thinks Musk will stick by the company. Diller said he thinks Musk will figure out how to improve Twitter and make it more appealing, but he's not convinced that it will become the next super-app. Twitter laid off approximately half of its employees days later. Since closing the $44 billion deal, Musk has laid out a series of ideas for a new user verification process for Twitter through its subscription service Twitter Blue.

☆ Watch CNBC's full interview with IAC chairman Barry Diller
▼ + stars: | 2022-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with IAC chairman Barry DillerBarry Diller, chairman of IAC and Expedia, joins CNBC's 'Squawk Box' to explain why he thinks Netflix will never be displaced as the leader among streaming companies. Diller also weighs in on the upcoming midterm elections, Elon Musk's takeover of Twitter, and more.

☆ Netflix will never be displaced as leader in streaming, says IAC chairman Barry Diller
▼ + stars: | 2022-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix will never be displaced as leader in streaming, says IAC chairman Barry DillerBarry Diller, chairman of IAC and Expedia, on the Fed, joins CNBC's 'Squawk Box' to give his take on media stocks and explains why he thinks Netflix will never be displaced as the leader among streaming companies.

☆ The CEO of Barry Diller's IAC says Netflix with ads will be a double blow to network TV revenue: 'Now they're losing audience and losing scarcity.'
▼ + stars: | 2022-10-20 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +4 min

The growth of ad-supported streaming at scale is set to challenge the $60 billion TV ad business. One top internet executive, IAC CEO Joey Levin, says Netflix will destroy networks' scarcity argument. Wall Street also is waiting to see if Netflix draws ad dollars from social media or TV. Traditional TV networks are about to lose one of their main arguments for charging big rates for ads. Netflix's arrival on Madison Avenue next year is going to erode the hugely lucrative TV ad business, said Levin, who spoke with Insider in September.

☆ Jeffrey Katzenberg's WndrCo is betting big on cybersecurity tech and consumer VPNs as 'concerns around privacy have exploded'
▼ + stars: | 2022-10-18 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +4 min

Jeffrey Katzenberg and his WndrCo partner Sujay Jaswa are betting big on VPNs and other cybersecurity tech. WndrCo has $1.7 billion in net asset value and is looking for companies that can change the world. The company has acquired or invested in VPNs including Super Unlimited, a top app on Apple's App Store. Like everyone else in the global workforce, Jeffrey Katzenberg and Sujay Jaswa, his investing partner at venture firm WndrCo, use Zoom to connect. WndrCo made several other VPN acquisitions, ultimately merging them into a single cybersecurity venture called Aura, in which WndrCo is a significant stakeholder.

☆ The CEO of Barry Diller's IAC says they're on the hunt for new deals in media and tech as valuations have fallen: 'We're entering the reality period'
▼ + stars: | 2022-10-17 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Barry Diller's IAC is back on the hunt for deals as companies are seeing lower valuations. CEO Joey Levin said IAC has $1.5 billion to spend and plans to leverage a tough operating environment. "We're in that adjustment period entering the reality period," Levin told Insider in a September interview. In September, its combined Dotdash Meredith unit continued a multi-month string of pro forma revenue declines, posting a 24% decrease. We could still be right or wrong, but if we're right, we can create value," Levin said.

☆ Barry Diller's IAC is on the hunt for deals as company valuations fall and CEO Joey Levin sees opportunity in downturn
▼ + stars: | 2022-09-14 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Barry Diller's IAC is back on the hunt for deals as companies are seeing lower valuations. CEO Joey Levin said IAC has $1.5 billion to spend and plans to leverage a tough operating environment. In September, its combined Dotdash Meredith unit continued a multi-month string of pro forma revenue declines, posting a 24% decrease. With many company valuations having come down, Levin noted, IAC has the potential to bet on a broader array of businesses than it has before. We could still be right or wrong, but if we're right, we can create value," Levin said.

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