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☆ Insurers are trying to draw investment back to Ukraine amid hopes for an end to the war
▼ + stars: | 2024-12-12 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

A new program aims to draw investment back to Ukraine by reviving the country's insurance market. The initiative aims to encourage business activity in the country as hopes for an end to the conflict grow. AdvertisementOn Thursday, Aon and the EBRD launched a $115 million program to cover losses on war-related risks underwritten by insurers in Ukraine. With little to no backstop for Ukrainian insurers in the last three years, capital flows into the country have dwindled as private investors remain wary. Thus far, international reinsurer MS Amlin and three local Ukrainian insurers have signed up to the initiative, Aon says.

Persons: reinsurers, Aon, Yulia Svyrydenko, Svyrydenko, Volodymyr Zelenskyy, Donald Trump's, Trump, Vladimir Putin, Putin Organizations: European Bank for Reconstruction, Ukraine's, Cooperation, European Union, NATO Locations: Ukraine, France, United Kingdom, Norway, Switzerland, Russia

☆ These charts show how YouTube TV has become a worse and worse deal
▼ + stars: | 2024-12-12 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

The price of YouTube TV is going up again — and cord-cutters around the internet are up in arms. Before this hike, YouTube TV was generally cheaper than many rival streaming TV packages from competitors such as Hulu + Live TV, Fubo TV, Spectrum, and DirecTV. These factors helped YouTube TV grow to 8 million customers (as of earlier this year) and far outpace its digital rivals. AdvertisementGoogle may also have raised YouTube TV prices to help cover its investment in NFL Sunday Ticket. "We give all members the flexibility to cancel their membership at any time," the YouTube TV spokesperson said in their statement.

Persons: that's, —, Morgan Stanley Organizations: YouTube, Google, Hulu, Disney, ESPN, DirecTV, US Bureau of Labor Statistics, NFL Sunday

☆ AI chipmaker Broadcom shares soar 14% despite mixed quarterly results — here's why
▼ + stars: | 2024-12-12 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Excluding the contribution from VMWare, Broadcom's organic sales grew 11% year over year. Tan estimated Broadcom's serviceable addressable market, or SAM, for AI to be about $60 billion to $90 billion by fiscal 2027. Roughly a year after closing, Broadcom's VMware acquisition is progressing well, with the software provider's business showing improved bookings and reduced operating costs. Networking: Total revenue increased 45% year over year to $4.5 billion, ahead of the $4.3 billion expected. On the semiconductor guide, management noted that AI revenue is expected to to grow 65% year over year to roughly $3.8 billion.

Persons: Jim Cramer's, Hock Tan, Tan, Apple —, Jim Cramer, Jim, Justin Sullivan Organizations: Broadcom, LSEG, VMWare, Apple, Marvell Technology, Devices, Nvidia, VMware, VMware Cloud Foundation, Jericho, Revenue, Management, CNBC, Getty Locations: California, Hock, Jericho, San Jose , California

☆ US health insurance: Frustrations with care denials
▼ + stars: | 2024-12-12 | by ( Tami Luhby | ) edition.cnn.com time to read: +5 min

Americans’ pent-up fury with the nation’s health insurance industry burst into the spotlight last week after the fatal shooting of UnitedHealthcare CEO Brian Thompson in midtown Manhattan. They flooded social media with posts and videos about denials of medical treatments and claims, as well as other frustrations with the complicated system. The majority of insured US adults had at least one health insurance problem – including denial of claims – in the span of a year, according to a survey released in June 2023 by KFF, a nonprofit health policy research group. Still, 81% of respondents rated their health insurance as “excellent” or “good,” the same survey found. Roughly 41% of adults had debt caused by medical or dental bills, according to a 2022 KFF Health Care Debt Survey.

Persons: Arete Tsoukalas, ”, “, Tsoukalas, Brian Thompson, Luigi Mangione, Mangione, –, Isaac Rosenbloom, he’s, ” Isaac Rosenbloom, Melanie Duquette, Duquette Organizations: CNN, Police, KFF, Survey Locations: West Lafayette , Indiana, midtown Manhattan, Pueblo , Colorado, Worchester , Massachusetts

☆ Venture capitalists bet on Sublime, a startup bringing AI to email security
▼ + stars: | 2024-12-12 | by ( Jordan Novet | ) www.cnbc.com time to read: +5 min

The trending technology gave more ammunition to hackers, as well as new tools for security companies that promise to defend clients against attacks. Investors valued startup Material Security at $1.1 billion in a 2022 funding round. In August, Abnormal Security, which calls itself "AI-native," said it was worth $5.1 billion after a funding round involving CrowdStrike and Wellington Management. And on Thursday, Sublime Security, co-founded by U.S. Defense Department cybersecurity veteran Josh Kamdjou, said it had raised a round totaling $60 million. Abnormal Security is considerably larger than Material and Sublime, with over $200 million in annualized revenue.

Persons: Proofpoint, Thoma, Josh Kamdjou, Brex, Mark Hillick, Hillick, It's, Peter Firstbrook, Gartner, Sublime's Kamdjou, Kamdjou, Mark Alley, Sumit Dhawan, Donald Trump's, Harris, Ian Thiel, IVP, Trump Organizations: Microsoft, Google, Thoma Bravo, Proofpoint, Investors, Wellington Management, Sublime Security, U.S . Defense Department, CNBC, Citi Ventures, Decibel Partners, Ventures, Slow Ventures Locations: Alabama, Proofpoint

☆ A former Google designer reveals what goes into building its AI models like Gemini
▼ + stars: | 2024-12-12 | by ( Helen Li | ) www.businessinsider.com time to read: +11 min

AdvertisementBusiness Insider spoke with Kento Morita, a former Google Gemini conversation designer and Japanese-American actor and comedian. Morita previously worked on designing conversation flows for Amazon Alexa and Google Gemini, specifically focusing on building a Japanese persona for the AI. Even with Google Assistant and Amazon Alexa, when you ask it a factual question, it used to say immediately, according to Wikipedia, blah blah blah blah, or according to XYZ, blah blah blah blah. So that kind of distancing language allows us to take less responsibility for the information that's being presented. When Google Gemini and other AI are citing sources, it's still a predictive machine?

Persons: OpenAI's ChatGPT, Gemini, Kento Morita, Morita, Warren Buffett's, There's, It's, We've, that's, it's, shirk Organizations: Google, Gemini, Amazon Alexa, New York Times, Washington Post, Department of Justice, North, AP News, Reuters Locations: American

☆ Will the world's fastest supercomputer please stand up?
▼ + stars: | 2024-12-11 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +4 min

With the breakneck pace of the AI computing infrastructure buildout, it's becoming increasingly difficult to keep track of who has the biggest, fastest, or most powerful supercomputer — especially when multiple companies claim the title at once. Advertisement"We delivered the world's largest and fastest AI supercomputer, scaling up to 65,000 Nvidia H200 GPUs," Oracle CEO Safra Catz and Chairman, CTO, echoed by Founder Larry Ellison on the company's Monday earnings call. In late October, Nvidia proclaimed xAI's Colossus as the "World's Largest AI Supercomputer," after Elon Musk's firm reportedly built a computing cluster with 100,000 Nvidia graphics processing units in a matter of weeks. Until recently the world's most powerful supercomputer was named El Capitan. Power efficiency too, is a hugely important indicator for AI computing since energy is an enormous operational expense in AI.

Persons: it's, Safra Catz, Larry Ellison, Colossus, Elon Musk's, there's, El, Dylan Patel, Patel, xAI, Colette Cress, It's, Ellison Organizations: Oracle, supercomputing, intel, Nvidia, Greater, Greater Memphis Chamber of Commerce, Lawrence Livermore National Laboratory, AMD, Meta, Microsoft Locations: Greater Memphis, El Capitan, California

☆ How two New York tragedies exposed the failure of politics in a fraught American moment
▼ + stars: | 2024-12-11 | by ( Stephen Collinson | ) edition.cnn.com time to read: +13 min

But it was soon overtaken by a wider debate about the complicity of major executives in America’s high health care costs and perceived injustices of the industry. In Baltimore, close to Mangione’s home town, a sign reading “Deny, Defend, Depose” and “Health Care 4 All” appeared over I-83, the Baltimore Banner news site reported. The “brokenness of the health care system is something that I have lived with, and something that still very much sits with me to this day,” he said. JD Vance: ‘Thank God justice was done’Penny, the Marine veteran acquitted in the Neely case, gave his first interview to Fox News. For them it is one political game.”Daniel Penny arrives at criminal court on December 9, 2024, in New York.

Persons: Donald Trump’s, Brian Thompson, Luigi Mangione, Daniel Penny, Jordan Neely, Penny, Neely, Trump, Thompson, —, they’ll, “, Karine Jean, Pierre, ”, they’d, pricey, Jeff Swensen, Mangione, Wes Moore, he’d, couldn’t, ” Moore, Josh Shapiro, ” Shapiro, JD Vance, ” Penny, –, Sean Hannity, ” Daniel Penny, Stefan Jeremiah, Attorney Alvin Bragg, Jeanine Pirro, Neely’s, didn’t, ” Andre Zachary said, I’ve, White, Obamacare, it’s Organizations: CNN, Washington, United, Baltimore Banner, NYPD, Maryland Democratic Gov, Marine, Fox News, Attorney, New, Democratic, Trump Locations: Manhattan, New York City, Pennsylvania, New York, Blair, Hollidaysburg , Pennsylvania, Altoona , Pennsylvania, Baltimore, Minnesota, America

☆ Democratic governors quietly prep extensive plans to counter Trump
▼ + stars: | 2024-12-11 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +13 min

Since long before the election, they’ve been poring through Project 2025 — it’s helpful, several Democratic governors told CNN, to have a blueprint in public. Laura Kelly, the chair of the Democratic Governors Association. Plans for Trump underway for monthsMany Democratic governors had been working on plans well before even President Joe Biden dropped out of the presidential race and Vice President Kamala Harris became their party nominee. They’re coming to this weathered with the experience from the first Trump term. Michigan Gov.

Persons: Donald Trump’s, they’ve, They’ve, ”, Laura Kelly, JB Pritzker, postelection, Jared Polis, Pritzker, Joe Biden, Kamala Harris, they’re, Trump, Emmanuel Macron’s, hasn’t, Gretchen Whitmer, Mike Pence, weren’t, Rebecca Wright, Whitmer, Donald Trump, ” Whitmer, I’ve, we’ll, Tim Walz, Harris ’, “, Kathy Hochul, ” Hochul, Matt Meyer, Beverly Hilton, Richard Nixon, Nixon, ” — Walz, he’d, Martin O’Malley, Austin Steele, Gavin Newsom, Andy Beshear, Josh Shapiro, Wes Moore, Jay Inslee, Trump’s, —, Lindsey Wasson, Inslee, Bob Ferguson, ’, ” Inslee Organizations: Los Angeles CNN —, Democratic, CNN, Trump, White House, National Guard, showdowns, Kansas Gov, Democratic Governors Association, Illinois Gov, Colorado Gov, Senate, White, Notre Dame, Mar, Michigan Gov, Convention, United Center, Michigan, Biden, Gov, Penn, New Yorker, Delaware Gov, Beverly, Golden Globes, Former Maryland Gov, Democratic National Committee, Minnesota Gov, Howard University, Kentucky Gov, Maryland Gov, Democratic Party, Washington Gov Locations: Kansas, Indiana, Illinois, Covid, Michigan, Chicago, Los Angeles, —, Minnesota, York, New, Delaware, Washington ,, California, Polis , Pennsylvania, Seattle, Washington, Pearl

☆ These 10 startups are using AI to disrupt healthcare payments as public outrage toward insurers mounts
▼ + stars: | 2024-12-11 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +1 min

Investors are rushing to back startups using AI to automate the complex healthcare billing process. AdvertisementIn the wake of the fatal shooting of UnitedHealthcare's CEO last week, public hostility toward health insurers has reached a boiling point. UnitedHealthcare and other health insurers have come under fire in recent years for using algorithms to deny patient claims, particularly Medicare Advantage claims. Investors are rushing to back startups using AI to help providers, patients, and health plans more accurately and efficiently pay for medical care. AdvertisementThese 10 startups are using AI to automate key parts of healthcare's complex billing process, from prior authorization to claims adjudication.

Persons: Brian Thompson, Luigi Mangione Locations: Manhattan

☆ Trump's DOJ secretly obtained phone and text message logs of 43 congressional staffers and 2 members of Congress
▼ + stars: | 2024-12-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dilanianmug.Jpg | Ken Dilanian | ) www.nbcnews.com time to read: +4 min

Seeking to investigate leaks of classified information, the Trump Justice Department in 2017 and 2018 secretly obtained phone and text message logs of 43 congressional staffers and two members of Congress in a far broader probe than previously known, according to a new report by the department’s internal watchdog. The fact of the seizures had previously been reported, but the IG revealed new details about the broad scope of the effort. The records obtained included phone and message logs showing who was communicating with whom, but not the content of the communications. Patel was among the congressional staffers whose records were seized in the leak investigation, according to a lawsuit he filed. "It is particularly concerning that the Department of Justice hoodwinked a judge into signing off on secret surveillance on both Democrats and Republicans in Congress."

Persons: General Michael Horowitz, —, Trump, Bill Barr, Barr, Democrats — Sen, Adam Schiff, Eric Swalwell, Donald Trump, Kash Patel, Patel, Department’s, ” Sen, Ron Wyden, Wyden, Department of Justice hoodwinked Organizations: Trump Justice Department, DOJ, Prosecutors, Apple, Justice Department, The New York Times, Washington Post, CNN, Biden Justice Department, Democrats, House Intelligence Committee, Department, Department of Justice, Republicans Locations: Russia

A murder charge was filed in New York on Monday night against the man accused of gunning down UnitedHealthcare CEO Brian Thompson last week outside a busy New York City hotel, according to online court documents. After the Pennsylvania court appearance, law enforcement officials told reporters that charges would be filed in New York shortly. Mangione also carried a fake ID with the same name the suspected gunman used at a New York City hostel, police said. An image released by the New York Police Department shows a person of interest sought for questioning in connection with the shooting. Thompson's slaying sent shock waves throughout the corporate and health care worlds, raising questions about appropriate security for top-level executives.

Persons: gunning, Brian Thompson, Luigi Mangione, Mangione, Jessica Tisch, Joseph Kenny, ” Brian Thompson, UnitedHealthcare Thompson, UnitedHealth, Thompson, ”, Paulette Thompson, ” Paulette Thompson, Spencer Platt, Thompson's Organizations: NBC, Law, Police, UnitedHealthcare, New, New York Hilton, Getty Images Police, Greyhound, New York Police Department, University of Pennsylvania, Ivy League, Gilman School, UnitedHealth, Humana, CVS Health Locations: New York, New York City, Pennsylvania, Altoona, Manhattan, Blair, Hollidaysburg, Pa, America, Mount Sinai, Central Park, Minnesota, Hilton, midown Manhattan, Atlanta, Philadelphia, Hawaii, Baltimore

☆ The Omnicom-IPG megamerger signals a new era for the ad industry
▼ + stars: | 2024-12-10 | by ( Hallam Bullock | ) www.businessinsider.com time to read: +7 min

Related Video How tech layoffs could affect the economyIn today's newsletter, the $13 billion Omnicom-IPG megamerger reflects a new era as Big Tech and AI upend the ad industry. OmnicomIt's already been a big week for the ad industry. For ad industry insiders, the proposed takeover reflects an ad sector under threat from Big Tech and AI , writes Business Insider's Lara O'Reilly. AdvertisementPrivate equity has been circling the ad industry, too. Industry insiders have speculated for months that WPP could be taken private — or at least some parts of it could be.

Persons: Luigi Mangione, Brian Thompson, Mangione, John Wren, IPG Philippe Krakowsky, Wren, Omnicom It's, Publicis, Snoop Dogg, it's, Insider's Lara O'Reilly, creatives, Simon Francis, Lara, William Ritchie, Blackstone, Chelsea Jia Feng, Jane Fraser, Aaron Neyer, Sylvia Duran, Camila Ferraz, Jenny Chang, Rodriguez, —, Jimmy Donaldson, Rupert Murdoch Getty, Rupert Murdoch, Rupert, Lachlan, Murdoch, they've, Elon Musk, Sundar Pichai, Benjamin Netanyahu, Janet Yellen, Hallam Bullock, Grace Lett, Ella Hopkins, Amanda Yen, Lisa Ryan, New York Milan Sehmbi Organizations: Business, Ivy League, Big Tech, Monday, Omnicom, Interpublic, Groupe, WPP, Flock Associates, WY Partners, Apollo, KKR, Industry, Getty, Nvidia, Microsoft, Amazon, Citi, Google, PowerPoint, Elon, Wall Street, Summit Locations: Pennsylvania, Paris, China, bitcoin, MrBeast City, California, Jerusalem, Stockholm, Sweden, London, Chicago, New York

☆ Scoop: Particle Health lands $10 million in funding after lobbing antitrust lawsuit against medical records giant Epic
▼ + stars: | 2024-12-10 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

Particle Health has raised $10 million from its existing investors, Business Insider has learned. Healthcare startup Particle Health has been battling electronic health records giant Epic Systems all year. The raise comes three months after Particle Health filed an antitrust lawsuit against Epic, alleging Epic has been stifling competition in the emerging "payer platform" market. The cash won't be used for Particle's antitrust lawsuit against Epic, because Particle itself isn't paying for the lawsuit, per two sources. Those actions and others by Epic, Particle's lawsuit claims, have led many Particle customers to drop their contracts and deter prospective customers, leading to a meaningful revenue loss for Particle.

Persons: It's Organizations: Business, Epic Systems, Systems, Health, Epic, Menlo Ventures, Canvas Ventures, Pruven, of, Oracle Health, New Locations: Southern, of New York, New York

☆ After the Omnicom-IPG merger, these are the ad M&A deals industry insiders think could be next
▼ + stars: | 2024-12-10 | by ( Lucia Moses | Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

Ad industry insiders say the Omnicom takeover of Interpublic Group could kick off more M&A. The US ad industry has barely grown over the past few years. AdvertisementSome industry insiders think the Omnicom-IPG tie-up is just the start of a massive reordering of the $70 billion ad agency industry and that it's only a matter of time before other holding companies are forced to acquire or be acquired as they look to bulk up. Private equity has been circlingThe big holding companies could also be a target for private-equity giants. Industry insiders have speculated for months that WPP, which once ranked as No.

Persons: William Ritchie, Ritchie, Andreas Roell, Mark Read, Arthur, Sadoun, Tom Triscari, WPP's, Publicis, Omnicom, Havas, Mark Penn's Stagwell, Bill Koenigsberg, Martin Sorrell, David Morgan, Kepler, Blackstone, who's, Tata, Jay Friedman, They're Organizations: Interpublic, Insiders, WPP, Private, Accenture, Google, WY Partners, FGS, Evros, Publicis Groupe, Lemonade Projects, Vivendi, Horizon Media, Capital, Horizon, Temasek, Apollo, KKR, Industry, IBM, Tata Consultancy Services, Droga5, Goodway Locations: US, London

☆ David Zaslav just quieted his Wall Street critics as Warner Bros. Discovery shows it's fine without the NBA
▼ + stars: | 2024-12-10 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

The company just negotiated a better-than-anticipated deal with cable giant Comcast. Media analysts widely agreed that WBD underestimated NBC's bid and would see the value of its TV networks take a major hit without the NBA. The consensus wisdom in the media world was that pay-TV providers would play hardball and demand lower affiliate fees for WBD's networks, especially an NBA-less TNT. The Charter deal was heralded as a success, with Zaslav a "clear winner" in the eyes of veteran media analyst Rich Greenfield of LightShed. The terms WBD and Comcast agreed to are remarkably similar to WBD's deal with Charter, and each came together more than a year before key deadlines.

Persons: David Zaslav, Zaslav, WBD, Rich Greenfield, Greenfield, John Malone, Brian Roberts, LightShed's Brandon Ross, they'd, Max, they've Organizations: Warner Bros, NBA, Comcast, Disney's ESPN, Comcast's NBC, Media, Charter, Business, TNT, CNN, HGTV, Company, Amazon Locations: LightShed, Ireland

☆ TikTok says ban would cost U.S. small businesses and creators $1.3B in first month
▼ + stars: | 2024-12-09 | by ( Dan Mangan | Dan Mangan Is A Reporter Covering Politics For Cnbc.Com. | ) www.nbcnews.com time to read: +3 min

“Those numbers would only increase if the shutdown extends for more than a month,” said Blake Chandlee, president of global business solutions for TikTok, in that court filing. TikTok and ByteDance plan to ask the Supreme Court to overturn a recent ruling upholding the law, issued by the U.S. Court of Appeals for the District of Columbia Circuit. The injunction, if granted, would allow the app to continue operating until the Supreme Court decides whether to hear the appeal. He said that as of November, more than 7 million U.S. accounts use TikTok to do business. The law TikTok wants blocked for now was passed by Congress and signed by President Joe Biden last spring after concerns about ByteDance’s alleged connections to the Chinese government.

Persons: ”, Blake Chandlee, “, ByteDance, Donald Trump, TikTok, Chandlee, ” Chandlee, Joe Biden, TikTok “ Organizations: Apple, Google, ByteDance, U.S ., Appeals, District of Columbia Circuit, Oxford Economics, Congress, District of Columbia Locations: United States, China, Jan, American, District, People’s Republic of China

☆ The $13 billion Omnicom-IPG megamerger reflects a new era as Big Tech and AI upend the ad industry
▼ + stars: | 2024-12-09 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +8 min

Omnicom and Interpublic Group plan a $13.25 billion merger that would create the world's largest ad-agency company. Industry insiders say the deal reflects an ad sector under threat from Big Tech and AI. Being big matters as the industry wrestles with disruption from the might of Big Tech players and the advent of artificial intelligence. The $13.25 billion all-stock deal would merge Omnicom's creative and media-buying agencies, such as BBDO and Omnicom Media Group, with IPG's McCann Worldgroup and Mediabrands. The research firm Forrester said last year that the rise of automation could lead to the loss of 33,000 jobs within ad agencies by 2030.

Persons: IPG's McCann Worldgroup, Marcel, Publicis, Simon Nicholls, Martin Sorrell, Omnicom, hasn't, Laura Desmond, Philippe Krakowsky, Wren, Sorrell, John Wren's, Forrester, Simon Francis, Francis, creatives, John Wren, Publicis Groupe's, Maurice Levy, Spencer Platt, it's, Greg Paull, Kennedy Organizations: Industry, Big Tech, Interpublic, Wall Street Journal, Omnicom Media, Groupe, Analysts, WPP, Capital, Adobe, General Motors, Pfizer, Microsoft, Omnicom, Flock Associates, Getty, Publicis Groupe

☆ TikTok says ban would cost U.S. small businesses, creators $1.3 billion in first month
▼ + stars: | 2024-12-09 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

"Those numbers would only increase if the shutdown extends for more than a month," said Blake Chandlee, president of global business solutions for TikTok, in that court filing. The injunction, if granted, would allow the app to continue operating until the Supreme Court makes a decision to hear the appeal or not. If TikTok is effectively shut down in the United States in January, Chandlee wrote, American small businesses alone would lose more than $1 billion in revenue — even if the prohibitions are lifted after only a month. "Almost two million creators in the United States would suffer almost $300 million in lost earnings, and TikTok itself would lose 29% of our targeted global advertising revenue for 2025," Chandlee wrote. He said that as of November 2024, more than 7 million U.S. accounts use TikTok to do business.

Persons: Blake Chandlee, ByteDance, Donald Trump, TikTok, Chandlee Organizations: Apple, Google, ByteDance, Supreme, U.S ., Appeals, District of Columbia Circuit Locations: Washington , DC, United States, China, U.S, Jan, American

☆ Comcast shares tumble as executive calls broadband 'intensely competitive'
▼ + stars: | 2024-12-09 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Comcast shares dropped more than 8% following Watson's remarks at the UBS Global Media and Communications Conference on Monday. Cable broadband growth has been in the midst of an ongoing slump. He also noted that NBCUniversal's marketing of the Summer Olympics helped, too. NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U.S. broadcast rights holder to all Summer and Winter Games through 2032.

Persons: Dave Watson, Watson, NBCUniversal Organizations: Comcast, Comcast Cable, UBS Global Media, Communications Conference, Monday . Cable, Verizon, Mobile, Program, Summer, CNBC, NBC Sports, NBC Olympics, NBC, Games Locations: Lafayette , California, U.S

☆ TikTok and its owner ask for temporary block to law that could result in the app’s US ban
▼ + stars: | 2024-12-09 | by ( ) edition.cnn.com time to read: +3 min

Chinese-based ByteDance and its short-video app TikTok asked an appeals court Monday to temporarily block a law that would require parent company ByteDance to divest TikTok by January 19 or face a ban in the United States, pending a review by the US Supreme Court. The Justice Department said the appeals court should quickly deny the TikTok’s request “to maximize the time available for the Supreme Court’s consideration” of petitions from ByteDance and TikTok. TikTok asked the appeals court to decide on the request by December 16. Trump, who unsuccessfully tried to ban TikTok during his first term in 2020, said before the November presidential election that he would not allow the ban on TikTok. Trump’s incoming national security adviser Mike Waltz told Fox Business Network Friday that Trump “wants to save TikTok.

Persons: ”, Donald Trump, ” TikTok, TikTok, —, Joe Biden, Trump, Mike Waltz Organizations: US, Appeals, District of Columbia, TikTok, Justice Department, Fox Business Network Locations: TikTok, United States, ByteDance

☆ Cramer calls analyst downgrade of AMD 'cogent.' But he's not giving up on the stock
▼ + stars: | 2024-12-09 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

In 2024, AMD expects to generate more than $5 billion in AI chip sales. Meanwhile, Meta Platforms and Microsoft are newer entrants into the custom AI chip game, but they remain buyers of both AMD and Nvidia processors. However, the firm said those companies' capital expenditure requirements for Nvidia's next-generation AI chip platform Blackwell "could also limit share gain opportunities for AMD." Bottom line We're not dismissing Bank of America's concerns about AMD — Jim even called the note "cogent" — but we're also not spooked. 2 merchant player in the AI chip market behind Nvidia, despite custom chips seeing greater interest at places like Amazon.

Persons: Jim Cramer, Amazon's, Trainium, Trainium2, Jim, we're, FactSet, Lisa Su, Jim Cramer's, Lauren Justice Organizations: Wall, Devices, Bank of America, AMD, Analysts, Intel, Web Services, Apple, Nvidia, Google, Club, Broadcom, Microsoft, Meta, Oracle, " Bank of America, Nvidia's, CNBC, Bloomberg, Getty Locations: AMD's, It's, Las Vegas

☆ Starlink traffic tripled again in 2024 in another win for Elon Musk
▼ + stars: | 2024-12-09 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

Internet traffic from Elon Musk's satellite web service more than tripled in 2024, per Cloudflare data. Global internet traffic from SpaceX's satellite internet service more than tripled in 2024, according to data from IT service provider Cloudflare. Several major cruise companies have begun offering Starlink on their ships, with Carnival Cruises announcing in May that all of its cruise liners are now equipped with Starlink. Traffic in Georgia and Paraguay, where Starlink launched in November and December 2023, has increased by 100 and 900 times this year, respectively. It also almost tripled traffic in 2023.

Persons: Elon, Starlink, Pete Syme, Cloudflare, Elon Musk Organizations: United Airlines, Hawaiian Airlines, Qatar Airways, Carnival Cruises, SpaceX, Elon, NASA Locations: Elon, Chad, Mongolia, Argentina, Georgia, Paraguay

☆ Exclusive: Read the 9-page memo hyperscaler startup Nscale used to raise a $155 million Series A
▼ + stars: | 2024-12-09 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

AdvertisementNscale, a London-based startup providing companies with access to data centers and clusters of AI chips, has raised $155 million in fresh funding. The startup, which came out of stealth in May 2024, bills itself as a fully integrated AI infrastructure platform. That includes data centers, software, and graphics processing units, Nscale's founder and CEO Joshua Payne told Business Insider in an interview. "We found the best way to do that was to vertically integrate it, building both data centers, GPUs, and software." BI got an exclusive look at the 9-slide memo the startup used to secure fresh funding.

Persons: Nscale, Joshua Payne, Payne Organizations: BI, Lambda Labs, Partners, Bluesky Asset Management, Florence Capital Locations: London, Nscale, Europe

☆ The Salt Typhoon telecom hack targeted senior American political figures, the White House says
▼ + stars: | 2024-12-08 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

The Salt Typhoon hack is one of the largest attacks on US telecommunications ever, officials say. Senate Intelligence Committee Chairman Mark Warner told The Washington Post that the hack is the "worst telecom hack in our nation's history by far." Senior White House officials on the call said the hack has been ongoing for "likely one to two years." She added that the White House "has made it a priority for the federal government to do everything it can to get to the bottom of this." Neuberger said that White House leaders are meeting three times a week to discuss the hack.

Persons: Anne Neuberger, Mark Warner, Warner, Neuberger, Biden Organizations: Verizon, NSA, Microsoft, White House, Congressional Research Office, Lumen Technologies, NBC, Senate, Washington Post, New York Times, Justice Department, FBI, White Locations: China

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