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☆ Wall Street awaits Nvidia's earning report for clues about the chip giant's future
▼ + stars: | 2024-11-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, all eyes are on Nvidia's earnings report after the bell and what it says about the chip giant's future. As the world's top provider of AI chips, demand for Blackwell is a bellwether for the industry's appetite for continued investment in AI. Reports of Blackwell chips overheating spooked the market earlier this week. AdvertisementIt's another cost companies investing in AI chips need to consider in addition to the energy required to fuel them, which has been a headache for tech giants . Barclays trimmed earning estimates next year by as much as 10% for some of the biggest buyers of AI chips, like Meta, Amazon, and Alphabet.

Persons: Jocko, we've, Getty, Tyler Le, It's, Matthew Fox, Blackwell, Jensen Huang, —, BI's Emma Cosgrove, There's, hasn't, Howard Lutnick ANGELA WEISS, Howard Lutnick, Cantor Fitzgerald, Julian Robertson, Tiger hasn't, Goldman, Vivek Bantwal, Goldman Sachs, Rebecca Zisser, Rob Kim, Arturo Holmes, Chelsea Jia Feng, Trump's, Elon, colluding, Gary Wang, Sam Bankman, Gina Raimondo, Antony Blinken, Bill Hwang, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Retired Navy, Nvidia, Blackwell, Barclays, Getty, Trump, New, Tiger Management, Partners, Companies, Alexa, Uber, Ticketmaster, Apple, Google, DOJ, International Network of AI, Archegos Capital Management Locations: New York, Silicon, San Francisco, Chicago, London

☆ Elon Musk's X sues Twitch in lawsuit alleging advertisers conspired to boycott the platform
▼ + stars: | 2024-11-19 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

AdvertisementX has added Twitch as a defendant in a suit accusing advertisers of colluding to withhold ad spend. Ad revenue on X has plummeted since Elon Musk acquired the platform in 2022. Elon Musk's X is suing Twitch, alleging that the Amazon-owned video streaming platform and other companies illegally conspired to boycott advertising on the platform formerly known as Twitter. Twitch, X, and the WFA didn't immediately respond to requests for comment made by Business Insider outside normal US business hours. Musk's own behavior on and off the platform — including famously telling advertisers who boycotted X to "go fuck yourself" — hasn't encouraged advertisers to place their budgets there, either.

Persons: Elon Musk, Elon Musk's, Twitch, Stephan Loerke, it's, Ørsted, Twitch —, X's, hasn't, Jim Jordan, Donald Trump's, Abraham Yousef, Yousef Organizations: Global Alliance of Responsible Media, Elon, Twitter, Federation, WFA, Business, Unilever, CVS Health, Twitch, Google, Committee, WPP, Diageo, Tower Locations: Texas, Ohio

☆ Kendrick Lamar made hip-hop history by using his Juneteenth show as a victory lap against Drake and an attempt to unite the West Coast
▼ + stars: | 2024-06-20 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +1 min

Kendrick Lamar performed his first show since his beef with Drake on Wednesday. Lamar performed most of his diss tracks aimed at Drake, including "Not Like Us" five times. But fans say the event attended by major hip-hop figures and LA gang members was more than a victory lap from Lamar. AdvertisementKendrick Lamar cemented his win in his rap beef with Drake at an LA show on Wednesday where he performed a diss track five times, surrounded by rap legends. But the Juneteenth concert wasn't just a victory lap, with fans viewing it as an iconic moment in hip-hop history and an important attempt to unite the fractured West Coast.

Persons: Kendrick Lamar, Drake, Lamar, — Organizations: Wednesday, Service, Amazon Prime, Business Locations: Lamar, West

☆ Critical Role is expanding its nerd empire. One longtime partner is about to be left in the dust.
▼ + stars: | 2024-05-09 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +4 min

This story is available exclusively to Business Insider subscribers. Now, Critical Role is striking out on its own with the launch of Beacon, an in-house membership service. AdvertisementBeacon essentially gives people what they get with a Twitch subscription — instant access to VODs of their livestreams, but with some additional perks. The $5.99-a-month Beacon membership comes with exclusive access to additional Critical Role programs. Critical Role CEO Travis Willingham added that with "every windfall," the team continues to "purposefully reinvest" in their company to make more content.

Persons: —, Marisha Ray, Ray, Travis Willingham, Matthew Mercer, Twitch Organizations: Service, Business, YouTube, Amazon, Hasbro, Beacon Locations: Twitch, London

☆ Who is new interim OpenAI CEO Emmett Shear? All you need to know about the man replacing Sam Altman
▼ + stars: | 2023-11-20 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

After a weekend of rumor and speculation, Emmett Shear — former co-founder and CEO of Twitch — confirmed he will take the top job at probably the most high-profile AI company in the world. watch nowTwitch was acquired by Amazon for $1 billion in 2014 and Shear stepped down as CEO of Twitch last year. Before Shear started Twitch, he was the co-founder of Kiko Calendar, a calendar app he worked on through the 2005 Y Combinator program. As head of OpenAI, Shear will likely face pressure from regulators who have been heavily scrutinizing AI model companies given the risks the technology poses around misinformation and potential displacement of jobs. Earlier this month, the U.K. held a pivotal summit on AI safety, attended by major foundational AI companies, to discuss some of the most pressing issues in the field.

Persons: Emmett Shear, Eoin Noonan, It's, Sam Altman, Twitch —, Shear, Altman, ChatGPT, Emmett, Justin Kan, Michael Seibel, Kyle Vogt, Kan, Twitch, Y, Kiko Organizations: Web, Getty, Amazon, YouTube Locations: LISBON, PORTUGAL, Lisbon, Portugal, Silicon

☆ Meet Emmett Shear, the new interim CEO of OpenAI, who sold his first startup on eBay for $250,000
▼ + stars: | 2023-11-20 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Emmett Shear is the new interim CEO of OpenAI following the ouster of Sam Altman. AdvertisementFormer Twitch CEO Emmett Shear has been named the new interim CEO of OpenAI following Sam Altman's shock firing at the artificial intelligence startup over the weekend. AdvertisementWho is Emmett Shear? In 2014, Amazon bought Twitch for $970 million and Shear stayed on as the CEO of the company. He remained at the tech startup accelerator for five years up until June 2016, according to his LinkedIn account.

Persons: Emmett Shear, Sam Altman, Twitch, —, Sam Altman's, Shear, Emmett, Justin Kan, Kiko —, Elliot Noss, Kan —, Combinator Organizations: Amazon, Service, United Airlines, Yale University, eBay, Google Locations: Seattle, Justin.tv

☆ Australia issues $386,000 fine against X over failure to cooperate with child sex abuse probe
▼ + stars: | 2023-10-16 | by ( Diksha Madhok | ) edition.cnn.com time to read: +3 min

CNN —Australia issued a fine of $610,500 Australian dollars ($386,000) on Monday against the company formerly known as Twitter for “falling short” in disclosing information on how it tackles child sex abuse content, in yet another setback for the Elon Musk-owned social media platform. Just days earlier, the European Commission formally opened an investigation into X after issuing a previous warning about disinformation and illegal content on its platform linked to the Israel-Hamas war. Australia’s e-Safety Commission, the online safety regulator, said in a statement Monday that X had failed to adequately respond to a number of questions about the way it was dealing with the problem of child abuse materials. X did not immediately respond to a request for comment by CNN. The American tech giant has been given a formal warning to deter it from future non-compliance, it added.

Persons: X, ”, Julie Inman Grant, Inman Grant, —, “, ” Inman Grant, Lucinda Longcroft, … Organizations: CNN, Twitter, Elon Musk, European Commission, Safety Commission, Google, YouTube, Apple, Meta, Microsoft, Skype Locations: Australia, Israel, New Zealand

☆ Amazon 'Thursday Night Football' audiences fell short of estimates by 25%, and the tech giant is scrambling to make it up to advertisers
▼ + stars: | 2023-01-10 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Amazon is working to make advertisers whole after "Thursday Night Football" audiences fell short. Amazon has been scrambling to make advertisers whole for its "Thursday Night Football" broadcasts on Prime Video after audiences fell short of estimates, according to ad agency sources. For the 14-game season, "TNF" on Prime Video averaged 9.6 million viewers, according to Nielsen data shared by Amazon Monday. "TNF" viewership on Prime Video had a median age of 47, according to Amazon — 7 years younger than the NFL average on linear TV. But advertisers are likely to give Amazon a pass overall, given this was the first season for a streaming-only "TNF."

☆ Read Twitch's full email to staff about its creator pay changes, which sparked questions internally and blowback in the streaming community
▼ + stars: | 2022-09-29 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +6 min

We know this announcement will garner significant attention from our community, both positive and negative," he said. Twitch's recent changes to the way it pays top streamers have raised questions internally, on top of the backlash the moves sparked from creators on social media. In his email, Clancy also asked employees to "refrain from contributing to the noise online via Twitter, Twitch, etc." In addition to his internal email, Clancy publicly announced the changes to the way Twitch pays top creators in a blog post. I'll share more at the All Hands this Thursday, September 22 at 1pm PT and answer any questions you may have.

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