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Professor Yoshua Bengio, at the One Young World Summit in Montreal, Canada, on Friday, Sept. 20, 2024Famed computer scientist Yoshua Bengio — an artificial intelligence pioneer — has warned of the nascent technology's potential negative effects on society and called for more research to mitigate its risks. Machines could soon have most of the cognitive abilities of humans, he said — artificial general intelligence (AGI) is a type of AI technology that aims to equal or better human intellect. Yoshua Bengio Head of the Montreal Institute for Learning AlgorithmsSuch outcomes are possible within decades, he said. There are arguments to suggest that the way AI machines are currently being trained "would lead to systems that turn against humans," Bengio said. Yoshua Bengio Head of the Montreal Institute for Learning AlgorithmsCompanies developing AI must also be liable for their actions, according to the computer scientist.
Persons: Yoshua Bengio, , Bengio, CNBC's Tania Bryer, That's, we're, OpenAIhas, It’s, Yoshua, — that's, OpenAI Organizations: Young, Summit, University of Montreal, Montreal Institute, Machines, Intelligence, CNBC, Learning Locations: Montreal, Canada, AGI, U.S, Rwanda, Swiss
Comcast announced a plan Wednesday to spin off most of its cable television networks into a separate publicly traded company. The new company will include the USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and the Golf Channel. Comcast will retain key NBCUniversal assets, including the NBC broadcast network, NBC News, NBC Sports, the streaming service Peacock, and the cable channel Bravo. The move comes as the traditional cable television bundle faces stiff economic headwinds, most notably the rise of cord-cutting and the shift to streaming alternatives. Matt Strauss will become chairman of the NBCUniversal Media Group.
Persons: Mike Cavanagh, ” Cavanagh, , Cavanagh, Mark Lazarus, Anand Kini, Dan Ives, , ” Rich Greenfield, ” Greenfield, Cesar Conde, Conde “, ” Donna Langley, Peacock, Matt Strauss, Mark Woodbury Organizations: Comcast, USA Network, CNBC, MSNBC, SYFY, Golf Channel, NBC, NBC News, NBC Sports, Bravo, Wall Street Journal, Wedbush Securities, LightShed Partners, Wednesday, NBCUniversal, Group, Telemundo, NBCUniversal Entertainment, Studios, NBCUniversal Media, Universal, General Electric, Netflix, Amazon Prime Locations: NBCUniversal
The House Ethics Committee weighs releasing their report on Matt Gaetz. And Susan Smith, who made headlines for killing her sons 30 years ago, is up for parole. The Ethics Committee has jurisdiction only over sitting members of Congress, Johnson argues. But there is precedent for the Ethics Committee to publish reports after a member of Congress has resigned. Susan Smith up for parole 30 years after killing her sonsSusan Smith leaves court after a hearing in Union, S.C., in 1995.
Persons: Matt Gaetz, Susan Smith, Donald Trump, Gaetz, Susan Wild, Joel Leppard, Mike Johnson, Trump, Johnson, Read, Mike Cavanaugh, , Vladimir Putin, Brooks Kraft, Smith’s, Michael, Alex, Smith, Rafael Nadal, Jay Leno, Barbara Gauntt, Chokwe Antar Lumumba, Lumumba, — Bracey Harris Organizations: Comcast, Justice Department, Republicans, Democrats, Gaetz, MSNBC, Syfy, Golf, CNBC, Oxygen, NBC News, NBC, Bravo, United, Brooks, Brooks Kraft LLC, Getty, South, Davis, Mississippi State Capitol, Clarion, Ledger, Residents Locations: Florida, USA, U.S, Kyiv, United States, Ukrainian, Russian, Ukraine, Union, South Carolina, Northern California, Pacific, California, Jackson
Comcast is expected to announce a plan Wednesday to spin off its cable networks into a separate company, two people familiar with the matter told NBC News. Comcast had announced during its quarterly earnings call in October that it was considering spinning off its cable networks. Bravo will remain part of Comcast’s NBCUniversal because its content is heavily featured on Peacock, CNBC reported. Comcast Chairman and CEO Brian Roberts will have a voting position in the new entity, but he won't be on the board of directors, CNBC reported. Executive Vice President Adam Miller will become NBCUniversal’s chief operating officer, CNBC reported.
Persons: Mike Cavanagh, Peacock, Peacock's, Mark Lazarus, Anand Kini, Brian Roberts, Donna Langley, Matt Strauss, Cesar Conde, Adam Miller Organizations: Comcast, NBC News, MSNBC, Syfy, Golf, CNBC, Oxygen, Wall Street Journal, NBC, NBCUniversal, Bravo, Paris, NBCUniversal Entertainment, Studios, NBCUniversal Media Group, Group, Telemundo Locations: USA, NBCUniversal
Sherman: Comcast is the first to spin off cable networks
  + stars: | 2024-11-20 | 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 EmailSherman: Comcast is the first to spin off cable networksAlex Sherman, CNBC Media & Sports Reporter, discusses Comcast's plan to spin off its cable networks, including CNBC. He explains that this move is a test for the media industry as Comcast focuses on profitable assets like Peacock and Bravo, while the new cable company may be rolled up with other networks or sold to private equity due to the declining future of cable.
Persons: Alex Sherman, Peacock, Bravo Organizations: Sherman, Comcast, CNBC Media, Sports, CNBC
AdvertisementComcast plans to spin off some NBCUniversal cable channels. Comcast said it was exploring spinning off its cable networks late last month, with BI's Peter Kafka writing that the move served as yet another signal of cable TV's decline. Analysts said Comcast could increase its valuation by selling its cable networks, though they were unsure if it would actually work out, BI previously reported. Disney CEO Bob Iger in the past floated the idea of selling Disney's TV and cable channels. NBCU's various TV channels are tightly integrated, sharing back office functions and talent that would have to be untangled, for one.
Persons: Peacock, Mark Lazarus, BI's Peter Kafka, Mike Cavanagh, Michael Hodel, Morningstar, Bob Iger Organizations: Comcast, MSNBC, CNBC, NBC, Bravo, Syfy, Golf, Wall Street, Business Insider, Analysts, Disney Locations: USA
Keep reading to learn how to watch the CMA Awards, including live streaming options for those without cable. While it's her first time hosting the show, she's no stranger to the CMA Awards. How to watch the CMA Awards in the USThe CMA Awards will air on ABC on Wednesday, November 20, at 8 p.m. Those without cable can still live stream the awards show using a month-to-month live TV streaming service like Sling TV, DirecTV Stream, or Fubo. Check price at FuboHow to watch the CMA Awards from anywhereTraveling outside the US and still hoping to tune in to the CMA Awards?
Persons: Luke Bryan, Peyton Manning, Lainey Wilson, it's, Wilson, Morgan Wallen, Jelly Roll, Luke Combs, Kacey, Chris Stapleton, Post Malone, Ballerini, Noah Kahan, Simone Biles, Freddie Freeman, Billy Bob Thornton, George, Jamey Johnson, Miranda Lambert, Parker McCollum, Stapleton, we've, ExpressVPN Organizations: Business, Country Music, CMA, Big Town, Post, ABC, DirecTV, DirecTV Stream Locations: Nashville, George Strait
On Wednesday morning, the media giant confirmed that it is spinning off most of its cable channels, including MSNBC and CNBC, into a separate publicly traded company. The new company doesn’t have a formal name yet — Comcast is simplycalling it “SpinCo” — a suitable label since employees’ heads are spinning with questions. Discovery, spin off their cable channels too? How might the cable bundle business model be impacted? “This is a very clear, direct statement by Comcast” that “they are exiting the cable network business,” Greenfield said.
Persons: Mike Cavanagh, NBCUniversal, Tom Rogers, Rogers, “ it’s, , ” Rogers, Rich Greenfield, ” Greenfield, ’ It’s, Mark Lazarus, Lazarus, , Joe Kernen, Greenfield’s, Greenfield, Matt Stoller, Hugh Johnston, “ SpinCo Organizations: New, New York CNN, Comcast, MSNBC, CNBC, Walt Disney Company, Warner Bros, NBC Cable, Lightshed Partners, Paramount, USA Network, SYFY, Golf, Rotten, NBC, American Economic Liberties, Disney, ” Fox Corp Locations: New York
Learn moreThe 2024 Billie Jean King Cup comes to an end with a final showdown between Slovakia and Italy. We'll show you where to watch the Billie Jean King Cup final, including global live streaming options. It's a familiar scene for both Slovakia and Italy as they enter the final at the Billie Jean King Cup. Check price at FuboWhere to watch the Billie Jean King Cup in the UKThe Billie Jean King Cup Final airs on the Tennis Channel in the UK, which is streamable through the Tennis Channel website. Where to watch the Billie Jean King Cup in AustraliaBillie Jean King Cup Final coverage will be available through beIN in Australia.
Persons: Billie Jean King, Italy's Jasmine Paolini, Sara Errani, Swiatek, Katarzyna Kawa, Australia Billie Jean King, It's, ExpressVPN Organizations: Business, Billie Jean King Cup, Tennis Channel, DirecTV, Entertainment, Elite, Sports, Fubo Locations: Slovakia, Italy, We'll, Canada, Iga, Poland, Australia, beIN
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailComcast setting up spinoff to be able to make meaningful acquisitionsCNBC's Julia Boorstin reports on the Comcast's decision to spinoff its cable networks.
Persons: Julia Boorstin Organizations: Comcast
One of the country's biggest cable TV companies doesn't want its cable networks anymore. That's the pitch Comcast is making Wednesday as it announces plans to split off almost all of its cable TV networks into a new company. Into the spinco goes every cable network Comcast owns except for Bravo. For the record: Comcast says it thinks the cable networks it is ditching can be successful on their own. And as I said last month: Comcast is getting rid of its basic cable networks for the same reason everyone who owns basic cable networks would like to get rid of their cable networks.
Persons: Brian Roberts, Trump, Kamala Harris, Brendan Carr, Trump's Organizations: Cable, Comcast, Bravo, CNBC, MSNBC, NBC, Paramount, Warner Bros, Discovery, Disney, Federal Communications Commission, CBS, Fox News Locations: USA
Cable networks are still profitable, but they're hemorrhaging subscribers and revenue every year as Americans cancel traditional pay TV for streaming services. Still, Disney's cable networks, including FX and Disney Channel, are more integrated with its streaming platforms than NBCUniversal's cable networks are with Peacock, the company's subscription streaming service. That may ultimately be where cable networks are heading — to private ownership willing to harvest them for cash. Another possible path for the spinoff is as a rollup entity for other cable networks. Discovery's debt and its cable networks.
Persons: It's, Peacock, Mark Lazarus Organizations: Comcast, Investors, Cable, Disney, FX, Disney Channel, SpinCo's, CNBC, MSNBC, Warner Bros, Paramount Global Locations: Peacock
AdvertisementCNBC anchors projected an air of mild panic about the news that Comcast would spin off the network. The media conglomerate announced it would create a new entity for most of its cable networks. CNBC anchors turned their signature irreverent style on themselves on Wednesday, as their parent Comcast became a headline in announcing plans to spin off the business news network along with many other cable assets. Analysts — including those featured on CNBC — did not hold back on Wednesday about what the spinoff means for the cable network. AdvertisementOne question for CNBC folks is whether they will maintain the prestige and workplace benefits that came with being part of Comcast.
Persons: We're, Joe Kernan, David Faber, Kernan, Mark Lazarus, Faber, CNBC —, Rich Greenfield, Rich, Becky Quick, Julia Boorstin, NBCU, Elon, Trump Organizations: CNBC, Comcast, Real Housewives, NBC, LightShed Partners, Warner Bros, Discovery, Paramount, Starz, Business Locations: NBCU, London
AdvertisementComcast is looking to separate from most of its cable networks. Comcast wasn't bluffing about unloading its steadily declining cable TV networks. Related Video Why MassMutual is all in on the Boston Red Sox, according to CMO Jennifer HalloranNotably, Comcast's NBCUniversal isn't biding all of its cable networks adieu, however. However, Moffett said that the spun-off networks likely make more sense with Comcast than on their own. AdvertisementWhatever the fate of the spinoff, Comcast clearly sees the value of Bravo's scripted content, compared to the more challenged TV news business.
Persons: Jennifer Halloran, Comcast's, Bravo, Peacock, Brandon Katz, Katz, Nielsen, Michael Hodel, Craig Moffett, MoffettNathanson, Moffett, Rich Greenfield, Brian Wieser, Wieser Organizations: Comcast, Bravo, Boston Red Sox, NBC, Syfy, USA Network, Morningstar, NBA, Lightshed Partners, Madison, Investors Locations: Wall
The vast networks of data cables that crisscross our world's oceans are crucial for almost every aspect of modern life. Related Video Ukraine's sea drones vs. Russia's Black Sea FleetDespite their importance, events this week have highlighted just how vulnerable the West's internet subsea cables are to attacks from hostile powers. Unlike Russia, whose internet cables mostly run overland, the cables Western countries rely on are deep under the sea — and it's an asymmetrical vulnerability Russia is signaling it could exploit. AdvertisementIn response to the threat, Western countries are trying to better protect existing cable networks or route data through satellites if they are disrupted. In the CSIS report in August, Murphy and other analysts called for the US to strengthen international coordination and enhance resources to protect existing undersea cable networks.
Persons: Boris Pistorius, Gregory Falco, KIRILL KUDRYAVTSEV, Falco, Erin Murphy, Sidharth, Murphy, Sybille Reuter, Henri Kronlund Organizations: German, Financial Times, Sibley School of Mechanical, Aerospace Engineering, Cornell University, Getty, AIS, Emerging, CSIS, General Staff, Directorate, Cinia, West Locations: Baltic, Russia, China, Germany, Finland, Sweden, Lithuania, Ukraine, Russian, Vladivostok, Western Europe, India, Emerging Asia, Washington ,, London, Iceland
According to a Goldman Sachs estimate, the industry is worth around $250 billion and could grow to $500 billion by 2027. "The market may be expanding, but competition is fierce," Tachat Igityan, the CFO and founder at Destream, a payment platform for content creators, told Business Insider. Advertisement"The algorithm, it gets really frustrating," Tufte told BI. "The $250 billion influencer economy might sound huge, but it doesn't mean all influencers are raking it in," Murray said. She said she thinks this is the way most content creators will go.
Persons: Goldman Sachs, Julia Montgomery, Marisa Kay, Ruby Tufte, Tufte, she's, Dominic Smales, Kim Murray, Murray, Smales, , influencers Organizations: BI, YouTube, Gleam, GloMotion Studios, Virality, Brands Locations: TikTok
Traders work on the New York Stock Exchange (NYSE) floor on November 12, 2024 in New York City. Stock futures hovered near the flatline on Tuesday evening, as investors looked toward a key earnings report from tech giant Nvidia. S&P 500 futures were little changed, while Nasdaq 100 futures inched higher by less than 0.07%. The jump in Nvidia shares helped lift the Nasdaq Composite to a 1% gain and the S&P 500 to a 0.4% advance. The separation is expected to take roughly a year, and the news was first reported by The Wall Street Journal.
Persons: Nvidia's, Jensen Huang, Lori Calvasina, CNBC's Julia Boorstin, Lisa Cook, Michelle Bowman, Susan Collins Organizations: New York Stock Exchange, Stock, Nvidia, Futures, Dow Jones, Nasdaq, Nvidia's Blackwell, RBC, Markets, Comcast, MSNBC, CNBC, Wall Street Journal, Federal Reserve, Boston Locations: New York City
AdvertisementTwo subsea data cables in the Baltic Sea were damaged this week. Two subsea telecoms cables in the Baltic Sea have been damaged in a suspected act of Russian sabotage, highlighting the fragility of the world's data networks. AdvertisementThe impactAs the world has become more dependent on the internet, subsea cables have become increasingly vital. The cables carry vital internet data between countries, including streaming services and financial information. "The writing has been on the wall for a while now relating to subsea cable disruption.
Persons: Boris Pistorius, Telia, Cinia, Carl, Oskar Bohlin, Gregory Falco Organizations: Cables, Telia, NATO, International Union of Marine Insurance, TRT, General Staff, Directorate, West, Cornell University, BI, CSIS, Analysts, Atlantic Council Locations: Baltic, Germany, Finland, Lithuania, Sweden's Gotland, Russia, Ukraine, Lofoten, Norway
Comcast is moving forward with the spinoff of its cable network channels, a person familiar with the matter told CNBC's Julia Boorstin on Tuesday. The separation is expected to take about a year, and an announcement from the company could come as early as Wednesday, the person said. The company had announced during its quarterly earnings in October it was considering a split of the cable networks. Other networks apart of the spinoff include E!, Syfy, Golf Channel, USA and Oxygen, a person close to the matter said. Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.
Persons: CNBC's Julia Boorstin, Bravo, Mark Lazarus Organizations: Comcast, Wall Street, Syfy, Golf, Oxygen, MSNBC, CNBC, NBC News Locations: USA, Comcast's
Thomas Plantenga, CEO of used fashion resale app Vinted, on center stage during Web Summit 2024 in Lisbon, Portugal. The Republican politician's victory was a key topic on various prominent tech bosses' lips at the Web Summit conference in Lisbon, Portugal. "It's time for Europe to step up," Yen told CNBC on the sidelines of Web Summit. US Big Tech 'playing extremely unfairly'However, Proton's Yen urged the EU not to water down its push to rein in America's tech giants. 'AI sovereignty' now a key battlegroundAnother theme that attracted much chatter on the ground at Web Summit was the idea of ​​"AI sovereignty."
Persons: Thomas Plantenga, Harry Murphy, Donald Trump's, Andy Yen, Yen, Trump, Proton's Yen, Mitchell Baker, Baker, it's, Plantenga, we'll, OpenAI, Christian Kroll, Shelley McKinley, GitHub, McKinley Organizations: Web, Getty Images, Portugal — Tech, Big, Republican, Proton, CNBC, European Union, Apple, Microsoft, Meta, Markets, US Big Tech, Mozilla Foundation, Google, Trump Locations: Lisbon, Portugal, Getty Images LISBON, Europe, America, EU, Lithuania
Getty ImagesAbout 1 in 5 Americans say they regularly get their news from "news influencers" on social media, according to a new study by the Pew Research Center. Social media site X remained the most popular, with 85% of influencer respondents reporting they were on the site. Risk of misinformationQuestions around the influence of independent social media creators on politics erupted prior to and after the presidential election. Both candidates utilized social media to reach younger voters, most notably when President-elect Donald Trump appeared on Joe Rogan's podcast and Vice President Kamala Harris joined the "Call Her Daddy" podcast — both podcasts with large followings on social media. Network interviews in recent elections have tended to be more combative than those conducted on independent podcasts or social media accounts, Darr said.
Persons: Galen Stocking, influencers, Basil Smikle, Smikle, Pew, Instagram, TikTok, Donald Trump, Joe Rogan's, Kamala Harris, Alex Cooper, Joshua Darr, Darr, Alaina, it's, Hurricane Helene, Wood, Joe Rogan, Matteo Recanatini, he's, That's, MAGA, Recanatini Organizations: Pew Research Center, CNBC, Democratic, Columbia, YouTube, Pew, Facebook, US, Republican, Trump National Doral, Getty Locations: Syracuse, Tennessee, Trump National Doral Miami, Miami , Florida
Learn moreIt's the ultimate Texas showdown in tonight's Monday Night Football match-up between the Houston Texans and Dallas Cowboys. We've compiled everything you need to know about where to watch the Texans vs. Cowboys, including global live streaming options. Where to watch Texans vs. Cowboys in the USThe Texans vs. Cowboys game will air across ABC, ESPN, and ESPN2 in the United States. Check price at DAZNHow to watch Texans vs. Cowboys anywhereAway from home and worried about missing out on the game? Check price at ExpressVPNHow to watch Texans vs. Cowboys with a VPNSign up for a VPN if you don't have one.
Persons: We've, It's, Fubo, ExpressVPN Organizations: Business, Houston Texans, Dallas Cowboys, Texans, . Cowboys, AFC, Cowboys, NFC, T, Texas, NFL, US, ABC, ESPN, ESPN2, DirecTV, Sling, ESPN3, DirecTV Stream Locations: Texas, Arlington , TX, United States, China
Evercore ISI gives its top tech picks for 2025
  + stars: | 2024-11-17 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com   time to read: +6 min
Evercore ISI already named its favorite technology stocks to own heading into 2025. Against that background, Evercore ISI analysts recently picked five tech stocks they're most sure of entering next year. Arista Networks The cloud network equipment company's conservative revenue guidance for 2025 leaves room for upside potential, according to Evercore ISI. Evercore ISI raised its 12-month price target on Arista to $450 from $425, indicating more than 20% upside from Friday's close. International Business Machines IBM is likely to top revenue estimates in 2025, Evercore ISI said.
Persons: ChatGPT, haven't, Evercore, Amphenol, Donald Trump's, Vertiv, — CNBC's Michael Bloom Organizations: ISI, Arista, Arista Networks, Apple, Business Machines IBM, Evercore, IBM, Holdings Vertiv Holdings Locations: CY25, capex, Wallingford , Connecticut, Waterville , Ohio
A person walks by a T-Mobile retail store on May 28, 2024 in San Francisco, California. T-Mobile 's network was among the systems hacked in a damaging Chinese cyber-espionage operation that gained entry into multiple U.S. and international telecommunications companies, The Wall Street Journal reported on Friday citing people familiar with the matter. "At this time, T-Mobile systems and data have not been impacted in any significant way, and we have no evidence of impacts to customer information." It was unclear what information, if any, was taken about T-Mobile customers' calls and communications records, according to the WSJ report. Earlier in October, the Journal reported that Chinese hackers accessed the networks of U.S. broadband providers, including Verizon Communications , AT&T and Lumen Technologies , and obtained information from systems the federal government uses for court-authorized wiretapping.
Persons: CISA Organizations: Mobile, Street, Reuters, Federal Bureau of Investigation, U.S, Verizon Communications, Lumen Technologies Locations: San Francisco , California, China, Beijing
We'll show you where to watch Miss Universe, including a free streaming option. This year's Miss Universe competition will take place at the Arena CDMX in Mexico City. In 2023, Sheynnis Palacios made history as the first Nicaraguan to be crowned Miss Universe. Where to watch Miss Universe in the USThe Miss Universe competition will be available to watch for free on the Roku Channel in the US. Check price at ExpressVPNHow to watch Miss Universe with a VPNSign up for a VPN if you don't already have one.
Persons: Mario Lopez, Olivia Culpo, Sheynnis Palacios, you've, ExpressVPN Organizations: Business, Miss, Nicaraguan, Telemundo, US, Fubo's Locations: Mexico City
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