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An outperforming fund manager who previously sold Meta Platforms shares over concerns about the company's virtual reality investments is now bullish on the technology giant's artificial intelligence strategy. This optimistic stance marks a significant shift for Yiu, who revealed that his fund had previously sold out of Meta Platform shares two years ago due to concerns about the company's virtual reality investments. Meta's Reality Labs division, home to the company's virtual reality technologies and projects, took on $13.72 billion in losses in 2022 before Zuckerberg pivoted strategy. Meta is among the top 10 holdings in Yiu's Blue Whale Growth Fund, which itself is up 16.6% in 2024. Yiu's endorsement comes as Meta faces scrutiny over its ambitious AI spending plans, prompting mixed reactions from Wall Street analysts.
Persons: Stephen Yiu, Yiu, CNBC's, Metaverse, Zuckerberg, Meta, Benjamin Black, Black, Nat Schindler, Morningstar, Morningstar's Malik Ahmed Khan, Michael Bloom, Jonathan Vanian, Ari Levy Organizations: Blue, Growth, Meta, Nvidia, Labs, Wall Street, Deutsche Bank
The film follows a woman who is injected with a paralyzing drug and pursued by a serial killer. Netflix is doubling down on nerve-racking films about serial killers with its latest thriller, "Don't Move." In the film, Iris (Kelsey Asbille) grieves the death of her child and plans to die by suicide by jumping off a cliff in the middle of a forest. AdvertisementIn 'Don't Move' Iris must save herselfRichard (Finn Wittrock) searching for Iris (Kelsey Asbille) in "Don't Move." Richard starts swimming to shore, and Iris' boat starts sinking due to a leak from the gunshots.
Persons: , Jeffrey Dahmer, Iris, Kelsey Asbille, Richard, Finn Wittrock, Vladislav Lepoev, Richard ., Chloe, Brian Netto, Adam Schindler, Tudum, Netto Organizations: Service, Netflix
SYDNEY, Australia — King Charles, the only British monarch who has spent time living in Australia, arrives on Friday for his inaugural visit to an overseas realm as sovereign, his first major foreign trip since being diagnosed with cancer. It is embarrassing that Australians are subjects of the king, Keneally said in an interview, adding that this was no fault of King Charles, who has said a republic is a matter for Australians to decide. “I hope he is OK on this tour because he has that cancer,” Keneally said. Jan Hugo shows off her collection of memorabilia of the British royal family, near the town of Cessnock, Australia, on Tuesday. “When we drank to Australia, we drank to the Queen of Australia, and I felt that didn’t represent who we were,” he said.
Persons: Australia — King Charles, , Thomas Keneally, Keneally, King Charles, ” Keneally, , George Brandis, Jan Hugo, David Gray, Timbertop, Queen Elizabeth, Anthony Albanese, Brandis, ” King Charles, Queen Camilla, Richard Scolyer, Nathan Hansford, Australian Republic Movement . Keneally, Queen Organizations: King, News Corp, Australia, Getty, Geelong Grammar School, Labor Party, Republican, Sydney, Commonwealth, Australian Republic Movement Locations: SYDNEY, Australia, British, London, Cessnock, AFP, Canberra, Samoa, Australian
Kraków was full of well-preserved history. We were also fascinated with Rome's ancient history during our Italian vacation, but Kraków surprised us with an incredible mix of older and newer sites. As Luc explained on the episode, the city is special because it remained relatively unscathed during World War II. It's one of the best-preserved cities in Europe, with a charming old town square and an enchanting Jewish quarter. Kraków was also an important place for us to learn more about modern history, including visiting Schindler's Factory and paying respects at nearby Auschwitz-Birkenau.
Persons: Kraków, Jamie Davis Smith, Emily, Luc Organizations: Schindler's Factory Locations: Poland, Rome, Europe, Wawel, Auschwitz, Birkenau
New York CNN —First, YouTube subjected viewers to longer unskippable ads. The Google-owned platform confirmed Thursday that it has “widely rolled out Pause ads to all advertisers.” When the video is paused, an ad will pop up on the side of the screen, according to social media posts. You’re putting up ads when you pause a video now?,” one X user posted. Though not revealing specific financial insights, the company said the pause ads were profitable. “Initial results show that pause ads are driving strong brand lift results and are commanding premium pricing from advertisers,” Schindler said during the April call.
Persons: Google’s Philipp Schindler, ” Schindler Organizations: New, New York CNN, YouTube, Google, CTV Locations: New York
Business Insider has verified his employment, his request to move locations, and his resignation after this request was denied. In June 2023, the company told employees that working remotely full-time would be allowed "by exception only." I essentially said I was asking to move from a fully remote location to another fully remote location to be with my dying father. I have a fully remote job, so it makes no material difference to them if I am in one remote location or another. A spokesperson for Google told Business Insider that promotions are based on impact relative to business priorities and business needs and that remote employees are promoted.
Persons: , Jeremy, Philipp Schindler, Google's Organizations: Service, Google, Business Locations: Chicago, Boulder, Minneapolis
pic.twitter.com/0licQGfphn — Mustafa Suleyman (@mustafasuleyman) October 20, 2023Expectations for the AI boom to generate serious money are absurdly high, then, which helps explain why the hype train for the technology is still running at full tilt. AdvertisementThat was probably hard for investors to hear given AI has pushed Google to spend more. Similar questions around the gap between returns and hype have shown themselves this week in startup land, too. Toronto-based AI startup Cohere, founded by ex-Googlers in 2019, announced a fresh funding round of $500 million on Monday, putting its valuation at about $5.5 billion. Last year, veteran venture capitalist Vinod Khosla suggested most startups were overvalued and that most investments in AI "will lose money."
Persons: , Mustafa Suleyman, — Mustafa Suleyman, Sundar Pichai, Philipp Schindler, Katherine Tangalakis, Lippert, Pichai, Cohere, It's, Harvey —, Winston Weinberg, Gabriel Pereyra —, Harvey, Vinod Khosla Organizations: Service, Business, Google, Microsoft, BI, Google Ventures Locations: California, Toronto, Cohere
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewIn Tuesday's earnings call, investors repeatedly pressed Alphabet's leadership team for more information about how its AI initiatives are performing and how they would generate revenue, but executives remained tight-lipped. In April the CEO of Google DeepMind, Demis Hassabis, said that Google plans to invest more than $100 billion over time to develop AI technology. Advertisement"On the cloud and AI stuff, you know, it's obviously, you know, you know, something which I think will end up being a big driver over time," Pichai said. The company's cloud business crossed $10 billion in revenue for the first time, reaching $10.3 billion — fueled in part by AI demand, Pichai said.
Persons: , Sundar Pichai, Philipp Schindler chimed, Pichai, Schindler, Demis Hassabis Organizations: Service, Business, Google, AIs, YouTube
Strong numbers in the company's search and cloud businesses more than offset the slight misses in the YouTube and network units. Cloud recorded a couple of big firsts: exceeding $10 billion in revenue, along with $1 billion in operating income. Whereas investors were — and many still are — concerned about what generative AI might mean for Alphabet's search revenue, the opposite appears to be the case, at least for now. Google Cloud revenue grew roughly 28% to more than $10 billion for the first time. Strong numbers in the company's search and cloud businesses more than offset the slight misses in the YouTube and network units.
Persons: we're, capex, Sundar Pichai, Pichai, Philipp Schindler, Schindler, Ruth Porat, Eli Lilly, Anat Ashkenazi, Jim Cramer's, Jim Cramer, Jim, Loren Elliott Organizations: YouTube, Microsoft, Club, Nvidia, Lens, CTV, Nielsen, Google, buybacks, CNBC, Government, Society, Calif, Bloomberg, Getty, Meta Locations: That's, U.S, Stanford
A Diminished Hollywood Welcomes a New Mogul
  + stars: | 2024-07-09 | by ( Brooks Barnes | ) www.nytimes.com   time to read: +1 min
In 1994, when Sumner M. Redstone bought Paramount Pictures for about $10 billion, the equivalent of about $22 billion today, he did more than just take over a company. Perhaps more important, however, they gave their owners a precious identity as certified members of the cultural elite. Top ticket sellers in 1994 included touchstones like “The Lion King,” “Schindler’s List,” “Interview With the Vampire,” “Mrs. Doubtfire,” “Philadelphia,” “Speed” and “Pulp Fiction.” In 1995, when “Forrest Gump” — a Paramount release — won the Oscar for best picture, more than 48 million Americans tuned in to watch. On Sunday, the Redstone family reluctantly relinquished Paramount, passing the studio to David Ellison, the tech scion behind a 14-year-old entertainment company called Skydance.
Persons: Sumner, Paramount —, , Doubtfire, “ Forrest Gump, , Oscar, David Ellison, Ellison Organizations: Redstone, Paramount Pictures, Studios, Paramount, RedBird Capital Partners, CBS, MTV, Nickelodeon, BET, Comedy Central Locations: Philadelphia
Eli Lilly CFO Anat Ashkenazi will become Alphabet's new chief financial officer effective July 31, Google's parent company announced Tuesday, almost a year after Alphabet first announced current CFO Ruth Porat would move to a new role as president and chief investment officer. Ashkenazi has had a 23-year career at Eli Lilly, which in a separate release confirmed her departure. Ashkenazi joined Eli Lilly in 2001 and had been CFO since 2021. She previously served as a CFO for several of the company's global business areas, helping to manage the revenue windfall from Eli Lilly's weight loss and diabetes drugs. Porat had nearly three-decade career as as an investment banker at Morgan Stanley, culminating as its CFO, before joining Google in 2015.
Persons: Eli Lilly, Anat Ashkenazi, Ruth Porat, Ashkenazi, Sundar Pichai, Eli Lilly's, Porat, Morgan Stanley, Philipp Schindler, Prabhakar Raghavan, Thomas Kurian, Susan Wojcicki, Robert Kyncl, Geoffrey Hinton, — CNBC's Jenn Elias, Annika Kim Constantino Organizations: Google, CNBC, YouTube
YouTube, TikTok, and Meta are fighting for ad spendA TikTok ban could have huge upside for YouTube. While YouTube is eating up more ad dollars, the platform is still behind Meta in terms of total video ad spend in the US, based on projected data from eMarketer. AdvertisementMeanwhile, TikTok has been gaining ground, with eMarketer predicting TikTok will have almost caught up to YouTube in terms of video ad dollars by 2025 in the US (assuming TikTok isn't banned). And like YouTube, the Chinese-owned app is also trying to take ad dollars away from TV networks and video streamers. It's still not clear how many ad dollars are moving to YouTube Shorts, but Google Chief Business Officer Phillip Schindler talked up the service on the company's latest investor call.
Persons: , Joe Biden, YouTube's, Sundar Pichai, Zuckerberg, TikTok, isn't, eMarketer, Meta's, It's, Phillip Schindler Organizations: Service, Google, YouTube, Business, Apple, BI, Pew Research Locations: USA
Four Google executives will receive 200% performance-based stock payouts in 2023. Google's senior VP and chief business officer each got $35 million in stock for 2023. AdvertisementGoogle parent company Alphabet paid four of its executives tens of millions of dollars in stock payouts for 2023, based on the company's public-markets performance. AdvertisementA 200% stock payout raised the total stock value for Porat and Walker's 2023 compensation to $23 million each. The executives' compensation was approved in early February after a tumultuous year for the company.
Persons: Google's, , Ruth Porat, Prabhakar Raghavan, Philipp Schindler, Kent Walker, Raghavan, Schindler, Sundar Pichai Organizations: Google, Service, Twitter
Alphabet on Thursday delivered a knockout first-quarter report, with sales, operating margin and profits all topping Wall Street expectations. Alphabet Why we own it : Alphabet's Google Search is an invaluable tool for advertisers. Alphabet's big three watch items for investors — Search, YouTube, and Google Cloud — all delivered better-than-expected revenues in the quarter, leading to companywide sales topping estimates. It exited the quarter with $108 billion in cash, cash equivalents and marketable securities on its balance sheet, compared with $110.9 billion at the end of 2023. At 20 cents a share, Alphabet's dividend yield stands at 0.51% based on Thursday's close.
Persons: we've, It's, Sundar Pichai, Ruth Porat, TikTok, Philipp Schindler, Pichai, Porat, we're, Alphabet's, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: YouTube, Microsoft, Management, , Google, Google Services, Capital, buybacks, Meta, Apple, CNBC, O, Bloomberg, Getty Locations: That's, Mountain View , California
META mountain 2022-11-03 Meta's stock performance since Nov. 3, 2022, which marked its lowest close during its dramatic sell-off that year. In a recent Wedbush consumer survey, 60% of TikTok users who responded said either Facebook or Instagram were their top alternatives if TikTok were to be banned. That was followed by 19% of TikTok users who said they would go to YouTube. Meanwhile, Deutsche Bank said Meta's stock could see more upside in light of a potential TikTok ban. After initially being a drag on revenue, Meta has said Reels is now a positive contributor across its apps.
Persons: Jim, Joe Biden, ByteDance, Shou Zi Chew, TikTok, , FactSet, monetization, Philipp Schindler, We'll, Jim Cramer's, Jim Cramer, Avishek Das Organizations: Facebook, Chinese Communist Party, CNBC, Street, Meta, YouTube, Google, Wedbush Securities, Deutsche Bank, Getty Locations: U.S, Washington, Ukraine, Israel, Taiwan, China
"Ripley" is based on Patricia Highsmith's classic crime drama "The Talented Mr Ripley." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNetflix's "Ripley" is an incredibly faithful adaptation of the novel "The Talented Mr Ripley" by acclaimed US author Patricia Highsmith, arguably hewing closest to the source material out of all the versions of the classic crime drama committed to screen. This story is available exclusively to Business Insider subscribers.
Persons: Patricia Highsmith's, Ripley, , Patricia Highsmith, Steven Zaillian, Tom Ripley, Andrew Scott, he's, Herbert Greenleaf, Dickie, Johnny Flynn Organizations: Service, Business Locations: New York, Italy, America
The Various Mr. Ripleys
  + stars: | 2024-04-03 | by ( Brian Tallerico | ) www.nytimes.com   time to read: +1 min
One of fiction’s most famous impostors returns on Thursday with the debut of Netflix’s “Ripley,” the latest adaptation of a character invented in the 1950s by the author Patricia Highsmith. Over nearly seven decades, Tom Ripley has appeared in five books by Highsmith, five films, multiple television episodes and even a radio show. He has been played by interpreters as varied as Matt Damon, Alain Delon, Dennis Hopper, John Malkovich and now, Andrew Scott. What makes him fascinating is his willingness to go to murderous lengths to secure it. As a new version of Tom Ripley arrives, here is a look at how this grifter has evolved over the generations.
Persons: Netflix’s “ Ripley, , Patricia Highsmith, Oscar, Steven Zaillian, Tom Ripley, Highsmith, Matt Damon, Alain Delon, Dennis Hopper, John Malkovich, Andrew Scott, Ripley
ISIS claimed responsibility for the Moscow attack. Maxim Shemetov/ReutersHe regards the Moscow attack as a “breakthrough success” for the group, demonstrating a level of planning not previously seen beyond south Asia. Russia’s support for authoritarian regimes in central Asia – which ISIS-K has described as Russia’s “puppets” – has deepened the animus. The attitude of the Russian government, both pre- and post- the Moscow attack, may not help it confront the threat. For ISIS-K, the Moscow attack is a coup.
Persons: Erik Kurilla, , Sanaullah Ghafari, Edmund Fitton, Brown, Fitton, Amira Jadoon, ” Jadoon, Hans, Jakob Schindler, Christine Abizaid, ” Fitton, Maxim Shemetov, , Gabriel Attal, , Jadoon, Putin, Abu Bakr al, Sinai, Vladimir Putin, Assad, Shamsidin, Dalerdzhon Mirzoyev, Muhammadsobir Fayzov, Yulia Morozova, Shamil Hukumatov, ” Putin, ” Schindler, Alexander Bortnikov, they’ll, Rita Katz Organizations: CNN, Analysts, ISIS, Islamic, US Central Command, UN, Taliban, Russian, Clemson University, Counter, , K, US National Counterterrorism Center, , Crocus City, US Defense Department, Paris, Central, Crocus City Hall, St, City, Tajik, Kyiv, SITE Intelligence Locations: State, Ukraine, Gaza, Moscow, Khorasan, Afghanistan, Europe, Asia, Russia, , Islamic State, Pakistan, Iran, Crocus, United States, West, New York, Tajik, Kabul, Afghan, Kandahar, Central Asia, Baujur, Pakistani, Baluchistan, Iranian, Kerman, Germany, al Qaeda, Turkey, France, America, Russian, Sharm el, St . Petersburg, Syria, Kaluga, St Petersburg, Istanbul, Washington
CNN —Steven Spielberg had words of caution and hope on Monday while accepting an honor from the University of Southern California. Celina Biniaz, 92, one of the last living Holocaust survivors from Oskar Schindler’s List, was also honored at the event. In my grandparents’ home Cincinnati, Ohio where I lived until I was three, my grandmother, Jenny, taught English to Hungarian Holocaust survivors. In listening to them, the echoes of history are unmistakable in our current climate. These 56,000 testimonies that we have recorded are a foundation upon which bridges can be built, and we here at the USC Shoah Foundation are building those bridges.
Persons: CNN — Steven Spielberg, Spielberg, ” Spielberg, Celina Biniaz, Oskar Schindler’s, Biniaz, Schindler, , , , Leah, Carol, Folt, I’ve, , Jenny, , It’s, Hana Rychik, Organizations: CNN, University of Southern, USC Shoah Foundation, Los Angeles Times, Shoah Foundation, Shoah, Democratic, USC, Foundation Locations: University of Southern California, German, Auschwitz, Israel, Cincinnati , Ohio, Hungarian, California, Krakow, Europe, Gaza
His acceptance speech quickly went down in history as one of the most memorable and moving in Oscar history. As we gear up for the 96th Academy Awards on Sunday, here’s a look back at Hanks’ groundbreaking acceptance speech, 30 years later. The speechIt starts out like any other speech, with Hanks thanking his wife Rita Wilson, as well as the film’s cast and crew — including co-stars Antonio Banderas and Denzel Washington. And God bless America.”Tom Hanks winning an Oscar for "Philadelphia" | 66th Oscars (1994)Hanks was speaking of the lives lost to AIDS. His casting wouldn’t have worked today, Hanks saysMemorable Oscars speech aside, “Philadelphia” has been criticized for its casting of a straight actor as a gay man.
Persons: Tom Hanks, — Hanks, , Hanks, Rita Wilson, Antonio Banderas, Denzel, Rawley Farnsworth, John Gilkerson —, , ” Hanks, ” Tom Hanks, he’d, Philadelphia ”, Steven Spielberg, Philadelphia ’, Farnsworth, I’ve, , I’d, wouldn’t Organizations: CNN, AIDS, Philadelphia, New York Times, People Magazine, Academy Locations: Hollywood, “ Philadelphia, Denzel Washington, Philadelphia, Independence
Any filmmaker trying to draw meaning from the Holocaust onscreen faces potential pitfalls. Jonathan Glazer’s “The Zone of Interest,” a dark horse candidate for best picture at the Academy Awards on Sunday, avoids all of these traps and finds something new and profoundly unsettling to say about the Holocaust. “Zone” is ostensibly about the genocide of European Jewry, but its focus is not on the Jewish victims, who remain almost entirely offscreen. Rather, Mr. Glazer exposes the perpetrators to the scrutiny of the audience’s gaze. “Zone” depicts the life of Rudolf Höss, the commandant of Auschwitz, and his family at their handsome estate just outside the walls of the death camp.
Persons: Agnieszka Holland’s, Roberto Benigni’s, you’re, Claude Lanzmann, ” Steven Spielberg’s, Jonathan Glazer’s, Spielberg, I’ve, Glazer, Rudolf Höss Locations: Auschwitz
Food workers wash their hands as they should only one in three times, according to the Centers for Disease Control and Prevention. The consequence: Germs spread from food workers’ hands to food, which can trigger an outbreak of dangerous foodborne illness in restaurants. By improving handwashing practices, food workers can be a critical part to preventing outbreaks of diseases like norovirus, Salmonella, and E. coli, it said. “In all circumstances, thorough, frequent hand hygiene is critical for preventing the spread of disease. Technology can potentially assist with increasing compliance and quality of hand hygiene, and that is very exciting indeed,” she said.
Persons: It’s, Christine Schindler, Schindler, , ” Waanders, Rebecca Bartles, Bartles, Don’t, there’s, ” Schindler, , “ We’ve, PathSpot, Colin McCabe Organizations: New, New York CNN, Centers for Disease Control, Taco Bell, Association for Professionals, CNN, , Environmental Health, Duke University, Employees, Valor Siren Ventures, Starbucks Locations: New York, , United States
This is the seventh mass bleaching event to hit the vast, ecologically important but fragile site and the fifth in only eight years. Covering nearly 133,000 square miles (345,000 square kilometers), the Great Barrier Reef is the world’s largest coral reef, home to more than 1,500 species of fish and 411 species of hard corals. Severe mass bleaching at the Great Barrier Reef had previously been observed in 1998, 2002, 2016, 2017, 2020 and 2022. Sunrise over the Great Barrier Reef at Lady Elliot island on October 10, 2019. Jonas Gratzer/LightRocket/Getty Images/FileBy continuing on the current pathway, “we risk losing the Great Barrier Reef and the $6 billion sustainable tourism industry,” said Schindler.
Persons: CNN —, El Niño, , Tanya Plibersek, Anthony Albanese, Dr, Lissa Schindler, Lady Elliot, Jonas Gratzer, Schindler, , David Ritter, Derek Manzello Organizations: CNN, Park Authority, Australian Institute of Marine Science, El, Australian Marine Conservation Society, Australian, Australia, Greenpeace Australia Pacific, Labor, Oceanic, NOAA, Reuters, Reef Watch Locations: Australia, Lady, Southern, Pacific
It is designed to assist with building new products, according to internal documents reviewed by Business Insider. “It can answer questions around Google-specific technologies, write code using internal tech stacks and supports novel capabilities such as editing code based on natural language prompts,” an internal summary of Goose reads. The documents note that the creation of Goose was a collaborative effort between Google Brain, DeepMind, and Google's internal infrastructure teams. And Goose isn't the only example of Google using AI to be more efficient. AdvertisementAnd if Googlers have specific development questions while using Goose, they're encouraged to turn to the company's internal chatbot, named Duckie.
Persons: , it’s, Gemini, , Ruth Porat, Goose, TKTKTK Goose, DeepMind, , Philipp Schindler, Business Insider’s, they're Organizations: Service, Business, Google, Microsoft
Adding to a complex picture, Germany has the largest Palestinian diaspora in Europe, estimated at 300,000. J'rg Carstensen/picture-alliance/dpa/APThere are thought to be around 450 Hamas members in Germany and, like the rest of the European Union, Germany considers Hamas a terrorist organization. There were also reports of people celebrating the Hamas attacks on the streets of Berlin. Spreading propagandaOn November 2, Germany took the step of banning Hamas and all activities linked to the group. Police stand outside a building that houses a synagogue following a pre-dawn attack on October 18 in Berlin, Germany.
Persons: Friedrich Merz, , Molotov, Jakon Schindler, Schindler, , Uli Deck, Der Spiegel, Matthew Levitt, Maja Hitij, Yossi Mekelberg, , Germany we’re, Lamya Kaddor, Nadine Schmidt, Sophie Tanno Organizations: CNN, Nazi, Christian Democratic Union, ZDF, Palestine, European Union, Federal Office, Protection, Counter Extremism, Hamas, Police, Brandenburg’s, Act, George Washington University, Israel, Washington Institute for Near East, U.S ., EU, Atlantic Council, IDF, Israel Defensce Forces, Chatham House, West Bank, Reuters, Rights Watch Locations: Israel, Gaza, Germany, Berlin, Europe, Rotterdam, Netherlands, Denmark, Sweden, German, Potsdam, Karlsruhe, Israel American, U.S, Austria, Hamas, East, Africa, Chatham, Palestine, London
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