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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
Still, Atomico said this shows that European tech funding levels have finally "stabilized" despite worsening global macroeconomic conditions leading to three consecutive years of declines. In the period spanning 2015 to 2024, European startups have bagged $426 billion, dwarfing the sum of investment deployed into tech firms the decade prior. Europe's first $1 trillion tech firm? Atomico said it's optimistic about the next decade in European tech. The VC firm, which was established by Skype co-founder Niklas Zennström, is predicting the entire European tech ecosystem combined could be valued at $8 trillion by 2034, up from around $3 trillion currently.
Persons: Reeves, Oli Scarff, Atomico, Tom Wehmeier, Wehmeier, Europe's, Rachel Reeves, techUK, Niklas Zennström Organizations: Startup Coalition, Getty Images Venture, European Tech, CNBC, VC, Skype, Spotify, Google, Apple, Facebook, Meta, Microsoft, Nvidia, Tesla Locations: British, State, Europe, U.S, China, Atomico, United States
AdvertisementX is partnering with adtech company PubMatic as it looks to boost its ad revenue. X's ad revenue has lagged after Musk's takeover and the company has sued some advertisers. Elon Musk's X has signed up the adtech company PubMatic as an authorized seller of its ads, as it looks to outside companies to help boost ad revenue, Business Insider has learned. X is also suing some of its advertisers, alleging they illegally colluded in violation of competition law to boycott the platform after Musk's takeover. This week, X added the Amazon-owned streaming platform Twitch as a defendant to its lawsuit.
Persons: Elon Musk's, X, Rajeev Goel, Goel, PubMatic, it's, Musk Organizations: Business, BI, Google, Twitter
The return of DCM activity signals that borrowers are gearing up for corporate dealmaking to return. Goldman's global head of financing broke down the trends in an interview with BI. On Wall Street, corporate borrowing is on a roll. Many of those clients are large companies or organizations being advised by Goldman's investment bankers, which means the DCM business is directly reliant on deal flow. AdvertisementGoldman CEO David Solomon ran Goldman's leveraged finance group before taking over its financing business, including debt and equity capital markets and derivatives.
Persons: Goldman Sachs, Donald Trump, Vivek Bantwal, Bantwal, We've, we've, Goldman, David Solomon, David Solomon Jeenah Moon, Denis Coleman, refinancings, weren't Organizations: University of Pennsylvania's Wharton School, Getty, Underwriters, Wall, Bloomberg, Getty Images Goldman, Goldman, Blue
India's central bank will launch a pilot program in 2025 offering local cloud data storage to financial firms at affordable prices, according to two sources aware of the matter, who declined to be identified as conversations are confidential. The Reserve Bank of India's planned cloud platform will use local IT firms, pitting it against the likes of Amazon Web Services, Microsoft Azure, Google Cloud and IBM Cloud, in a first-of-its-kind initiative from a major global central bank. In December last year, RBI governor Shaktikanta Das announced plans to set up a public cloud for the financial services industry. Initial work on the cloud is being driven by the research wing of the central bank called the Indian Financial Technology and Allied Services. It will then be developed further in partnership with one or more private sector technology firms, according to the sources.
Persons: Shaktikanta Das, EY Organizations: Bank, Reserve Bank of, Amazon Web Services, Microsoft, Google, IBM, International Data Corporation, Indian Financial Technology, Allied Services, Reuters
The airline announced a “first-of-its-kind partnership” with Shake Shack to serve the chain’s cheeseburgers in first class on long-distance domestic flights beginning December 1 on flights out of Delta’s hub in Boston and expanding to other cities throughout 2025. For example, Alaska Airlines created a hot coffee that tastes better in the skies, while United Airlines added cold brew coffee from Illy. Delta has served a generic cheeseburger in first class over the past few years to mostly positive reviews online. And it’s not the first airline to partner with a burger chain — United Airlines once served McDonald’s Happy Meals in the 1990s. The partnership between Delta and Shake Shack marks an expansion of the airline’s relationship with celebrated chef Danny Meyer, who founded the burger brand in 2004.
Persons: we’re, , Stephanie Laster, Danny Meyer Organizations: New, New York CNN — Delta Air Lines, Alaska Airlines, United, Delta, CNN, Airlines, Square Hospitality Locations: New York, Boston, United Airlines, Illy, Delta
Watch CNBC's full interview with C3 AI CEO Tom Siebel
  + stars: | 2024-11-19 | 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 C3 AI CEO Tom SiebelTom Siebel, C3 AI CEO, joins 'Closing Bell Overtime' to talk expanding its Microsoft partnership, impact of Trump administration, and more.
Persons: Tom Siebel Tom Siebel Organizations: C3, Microsoft, Trump
“It wasn’t passionate; I just loved him,” Cher told CBS in a recent interview. And we had a dream.”That dream led Sonny & Cher to multiple hit songs in the 1960s, including “I’ve Got You Babe” and later the popular “The Sonny & Cher Comedy Hour,” which featured the couple’s banter, live performances and a glamorous Cher. We’re not gonna be able to be Sonny & Cher. And we’d worked together for almost 12 years.”After she confronted Bono, Cher said, he told her. Bono later became a Republican congressman representing California’s 44th congressional district before his death in 1998 in a skiing accident.
Persons: Cher, Sonny Bono’s, wasn’t, “ Cher, Bono, ” Cher, , Sonny, “ I’ve, , Bill ”, , Bill, “ He’s, We’re, David Geffen, we’d, ‘ That’s Organizations: CNN, CBS, Cher Enterprises, Republican Locations: Malibu ”, California’s
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailC3 AI and Microsoft Azure partnership 'can guarantee customer success', says C3 AI CEO Tom SiebelTom Siebel, C3 AI CEO, joins 'Closing Bell Overtime' to talk expanding its Microsoft partnership, impact of Trump administration, and more.
Persons: Tom Siebel Tom Siebel Organizations: Microsoft, C3, Trump
Oura CEO on new partnership with Dexcom
  + stars: | 2024-11-19 | 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 EmailOura CEO on new partnership with DexcomTom Hale, Oura CEO, joins 'Squawk Box' to discuss the company's new partnership with Dexcom, glucose monitors, and much more.
Persons: Dexcom Tom Hale
AdvertisementCustomer-friction concerns, partnership hiccups, compatibility questions, latency problems, and accuracy issues have snarled progress, according to internal Amazon documents and multiple people involved in the project. AdvertisementA product of this scale is "unprecedented, and takes time," an Amazon spokesperson told Business Insider. Related storiesFor example, without more clearly defined responsibilities with third-party partners, Amazon expected further delays in the launch. AdvertisementLatency has been a particularly tough problem for the AI Alexa service. Related storiesNew risksIn late August, Amazon discovered several new risk factors for the AI Alexa service.
Persons: Alexa, that's, Amazon, Taylor Swift, they're, ChatGPT, Andy Jassy, Andy Jassy Mike Blake, Claude Haiku, Rohit Prasad, Claude, AGI NurPhoto, , Fortune, Amazon's Organizations: Uber, Ticketmaster, Alexa, Echo, Amazon, Business, Bloomberg, TV, Reuters, General Intelligence, AGI, Companies
AdvertisementIn the two weeks since the election, Elon Musk and Donald Trump have been pretty much inseparable. The Tesla CEO is set to co-lead the Department of Government Efficiency in Trump's second term. It's been two weeks since President-elect Donald Trump won another four years in the White House. Tesla CEO Elon Musk has been by his side for much of that time. Here's a look at Trump and Musk's whirlwind post-election partnership in photos, from boxing matches to golf games, with an eye on governing in between.
Persons: Elon Musk, Donald Trump, Musk, It's, elect's, Elon, Trump Organizations: Department of Government, Trump, Republicans, NBC
AdvertisementNorth Korean troops in Russia help Putin beyond sheer manpower needs — they help him at home, too. "The deployment of roughly 100,000 North Korean personnel would only replace Russian losses for less than three months," the think-tank wrote. In total, that could mean 100,000 North Korean troops cycling in and out of combat within a year, he said. The North Korean troops in Russia are believed to be special forces, which South Korean intelligence estimates say consist of about 200,000 members in total. AdvertisementSeoul also says that Russia is paying about $2,000 a month for each North Korean soldier.
Persons: Putin, ISW, Vladimir Putin, Kim, Russia's, Dmytro, Kim Jong Un Organizations: Putin, Kremlin, Institute for, Korean, Bloomberg, North Locations: Russia, The Washington, Moscow, Ukraine, Pyongyang, Kursk, Kyiv, North Korea, South Korea, America, Seoul, Korean, South
Warner Bros. Warner Bros. The settlement with Warner Bros. Discovery, announced Monday, as well as a separate agreement between Warner Bros. The agreement also extends a partnership between NBA Digital and TNT Sports for five seasons that allows the NBA to engage Warner Bros.
Persons: , Comcast’s, Turner, , Ernie Johnson Jr, Charles Barkley, Kenny Smith, Shaquille O’Neal, , Adam Silver, Max, Hulu, Venu that’s, David Zaslav, Silver Organizations: Warner Bros, Discovery, National Basketball Association, Warner Bros . Discovery, NBA, — Disney, Amazon, WNBA, CNBC, ESPN, Turner Sports, TNT, Disney, Comcast, TNT Sports, Nordic, NBA Digital, ABC, College Football, Warner Brothers Discovery Locations: U.S, Poland, Latin America, Brazil, Mexico
“My position in society, my nationality, is not sure, never sure, no matter what generation I am,” he told NBC News over the phone. “These boys and girls are fully aware of the current political climate,” he told NBC News. “Politicians should try to unite people instead of fueling polarization,” he told NBC News. “Amsterdam should be ashamed,” he said of the violence surrounding the the soccer game. “Apparently a Cabinet meeting is a comfortable place for these people to say their racist thoughts out loud,” Taibi said.
Persons: , , Taibi, can’t, Bram Beute, Schoof, Wilders, Francesca Albanese, Bert Klandermans, Steven Silvester, ” Silvester, Muhsin Köktas, Ruben Vis, ” Taibi, Freddie Clayton, Martijn van Delft Organizations: NBC News, United Nations Human Rights, , Vrije University, stoke, NBC, Centraal Locations: Amsterdam’s, Muslim Nieuw, West, Europe, France, Austria, Germany, Netherlands, Gaza, Amsterdam, Nieuw, Dutch, “ Amsterdam, London, Rijnsburg
The new Alexa aims to be a personalized assistant, handling diverse tasks across different devices. Amazon's AI-powered Alexa upgrade could launch with several major partners handling specific tasks such as ride-hailing, grocery shopping, and restaurant reservations, Business Insider has learned. The partner companies would become the primary option for handling those specific tasks on the upgraded Alexa. Amazon is revamping Alexa with ChatGPT-like AI features, BI first reported in January. Internally codenamed Banyan or Remarkable Alexa, the upgrade has the potential to significantly improve the voice assistant with AI features.
Persons: Uber, Spokespeople, Thumbtack, Andy Jassy, Jassy Organizations: Partners, Ticketmaster, BI, Amazon, Alexa, ChatGPT, Uber
Thailand's same-sex marriage legislation, scheduled to come into effect in January 2025, could attract an additional 4 million tourists to the country per year, according to a report commissioned by the travel company Agoda. The report published Thursday estimates the country's marriage equality law may increase tourism arrivals by 10%, netting the country an extra $2 billion in tourism revenue per year, within two years. Arrivals are expected to come, not only from same-sex couples and their wedding guests, but from the broader LGBTQ community and beyond. The new law will make Thailand the third place in Asia to allow same-same marriage, following Taiwan in 2019 and, on a more limited basis, Nepal in 2023. The law is also set to grant same-sex couples rights related to child adoption, health care and inheritance.
Organizations: Thailand's Tourism Industry, Partnership Locations: Thailand, Asia, Taiwan, Nepal
The Disruptor and The Dealmaker
  + stars: | 2024-11-18 | by ( David Faber | ) www.cnbc.com   time to read: 1 min
Ben Affleck is taking a self-described radical approach to an industry he says has been too slow to embrace change. Artificial intelligence, streaming and the impact of trillion-dollar big tech firms all set the stage for a reimagination of the Hollywood money machine. Gerry Cardinale has risen to the pinnacle of the entertainment industry, most recently with his firm's partnership with Skydance Media to take control of Paramount. A conversation on his investment in Paramount, his partnership with Affleck and the billion–dollar opportunities in media.
Persons: Ben Affleck, Gerry Cardinale, Affleck Organizations: Hollywood, Skydance Media, Paramount
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. When asked for comment on The Information report, an Nvidia spokesperson emailed a statement to the Investing Club: "NVIDIA GB200 systems are the most advanced computers ever created. That doesn't seem like the right reason to race out and buy AMD stock Monday, though. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Persons: Jim Cramer, Donald Trump's, Jim, White, doesn't, he's, Michael Dell, Blackwell, AMD's, he'd, Stocks, Jim Cramer's Organizations: CNBC, Nasdaq, Club, Nvidia, Blackwell, Dell, Investing, NVIDIA, Devices, AMD, IBM, Microsoft, Meta, CVS Health, Netflix, Warner Bros Discovery
Warner Bros. Warner Bros. Discovery sued the NBA in July, claiming the league failed to allow the media company to use its so-called matching rights on a package of live games. The agreement also extends a partnership between NBA Digital and TNT Sports for five seasons that allows the NBA to engage Warner Bros. The league isn't paying Warner Bros.
Persons: , Comcast's, Turner Organizations: Warner Bros, Discovery, National Basketball Association, Warner Bros . Discovery, NBA, — Disney, Amazon, WNBA, CNBC, ESPN, Turner Sports, TNT, Disney, Comcast, TNT Sports, Nordic, NBA Digital Locations: U.S, Poland, Latin America, Brazil, Mexico
Known as the “dancing mouse” due to its slippery movements in that final, fatal fight with the Imperial Japanese Navy, the destroyer USS Edsall went down off the coast of Australia in 1942, under the command of Lt. Joshua Nix. Speaking alongside Kennedy, Australia’s chief of navy, Vice Adm. Mark Hammond, said the wreck was found with the help of advanced hydrographic survey capabilities aboard naval support ship MV Stoker. “Nix’s position was hopeless from the moment Edsall was sighted,” Cox wrote. At least one hit Edsall, and the ship began to lose its ability to maneuver. The discovery highlighted the current AUKUS partnership, between the US, Australia and the United Kingdom, she said.
Persons: Edsall, Joshua Nix, “ Joshua Nix, Australia Caroline Kennedy, Kennedy, Australia’s, Mark Hammond, Stoker, Hammond, Chuichi Nagumo, , Samuel Cox, EDSALL, – Edsall, ” Cox, Nix, Cox, , ‘ Don’t, Don’t, Lisa Franchetti, Trent Hone, Edsall’s, Franchetti, ” Franchetti Organizations: Hong Kong CNN, US Navy, Pacific, Imperial Japanese Navy, Heritage Command, U.S . Navy, U.S . Army Air Force, US Locations: Hong Kong, Australia, Christmas, , Japan, Sulawesi, Indonesia, United Kingdom
In the end, looking backward may be more productive for Biden and Xi than trying to predict what’s next for their two nations. Biden administration officials acknowledge they have little insight into what a notoriously unpredictable leader might be planning. What Biden can do, they argue, is reiterate to Xi the value of maintaining communication, even amid the expected contention. A key counterweight could be Biden’s legacyHow Trump confronts those threats is not something he’s discussed at great length, at least as a candidate. It’s also an area his aides believe could — and should — be continued by the incoming Trump administration, though acknowledging they have little to go on when it comes to the president-elect’s intentions.
Persons: Joe Biden, Xi Jinping, Xi, Donald Trump’s, that’s, Biden, , Trump, Robert F, Kennedy, Jr, Tulsi Gabbard, Pete Hegseth, Matt Gaetz, He’s, there’s, Xi’s, , Jake Sullivan, aren’t, China’s, , Obama, he’s, Russia’s Vladimir Putin, It’s, Korea’s Yoon Suk, Shigeru Ishiba Organizations: Peru CNN —, Biden, White, APEC, Xinhua, Mar, Lima Convention Center, Trump Trump, Ukraine Locations: Lima, Peru, Chengdu, China, Washington, Beijing, United States, Bali, San Francisco, Taiwan, Ukraine, Russia, Iran, North Korea, Pyongyang, Japan, South Korea, Tokyo, Seoul, East Asia
After college, he got a job at a Big 4 consulting firm, but his childhood dream was to make manga. He found success on platforms like Webtoon and ultimately quit his finance job to write full time. WEBTOONI published my first novel when I was 17I started working on writing my first novel when I was 14. I convinced my parents that my webcomic career was sustainableI finally quit my finance job in May 2021. They see everything I'm doing and my passion.
Persons: Brandon Chen, I'm, WEBTOON, , I'd, COVID, Tezuka, it's, Kentaro Miura Organizations: Productions, Big, New York Comic Con, NYU, KPMG, Webtoon Locations: New York City, Instagram, Japan
Turns out America elected Elon Musk, too
  + stars: | 2024-11-16 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +6 min
Now that Trump has won, Musk is seemingly attached to him — in public and behind the scenes. At the moment, it also looks like they've elected Elon Musk. And Musk is relentlessly promoting Trump on Twitter, the site he bought in 2022 and renamed X. Related storiesPresident-elect Trump on Elon Musk: "He likes this place. He first floated the idea of having Musk run a government efficiency office in early September, but it wasn't a focus of his rallies and pitches.
Persons: Trump, Musk, we've, Donald Trump, they've, Elon Musk, there's, Vivek Ramaswamy, that's, Vladimir Putin, Volodymyr Zelenskyy, He's, can’t, I'm, It's, We've, David Nasaw, tycoons, William Randolph Hearst, Andrew Carnegie —, Trump's, Kamala Harris, Vance, Tim Walz, — I've, haven't, Tesla, Esther Crawford, Theodore Roosevelt, Hearst, Franklin Roosevelt Organizations: Elon, Trump, Department of Government, Twitter, New York Times, Times, United Nations, Mar, City University of New York Graduate Center, Musk, US, SpaceX, Carnegie Locations: Iran, Trump's Florida, Texas, Mexico, Florida, Madison
China willing to be partners, friends with US, Chinese envoy says
  + stars: | 2024-11-16 | by ( ) www.cnbc.com   time to read: +2 min
The national flags of the United States and China flutter at the Fairmont Peace Hotel on April 25, 2024 in Shanghai, China. China is willing to be partners and friends with the United States, China's ambassador to Washington said, seeking to strengthen dialogue between the world's two largest economies. China has no plan to surpass or replace the United States, Xie Feng said in a speech in Hong Kong on Friday, addressing Chinese officials and the U.S. ambassador to China. Chinese President Xi Jinping called on Friday for rejecting unilateralism and protectionism in favour of economic globalisation. However, some analysts say China's pitch as a counterbalance to a Trump-led United States has lost its shine compared to 2016, when Trump was first elected.
Persons: Xie Feng, Donald Trump's, Trump, Xi Jinping, Xie Locations: United States, China, Fairmont, Shanghai, Washington, Hong Kong, U.S, Beijing, Europe, Asia, Trump, Taiwan, Taipei
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