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☆ Watch Elon Musk give updates about SpaceX from annual space congress
▼ + stars: | 2023-10-05 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

Elon Musk is speaking Thursday during the world's annual space congress, where the SpaceX CEO is expected to give updates on development of the company's monster Starship rocket. SpaceX earlier this year made its first attempt at launching Starship into space, but the craft exploded a few minutes into the test flight. The company is now preparing to make its second Starship flight attempt, as regulators review its application for a launch license. Musk is speaking virtually at the 74th edition of the International Astronautical Congress (IAC), which this year is held in Baku, Azerbaijan. The space conference comes two weeks after Azerbaijan military forces converged on the disputed Nagorno-Karabakh region, to the west of Baku.

Persons: Elon Musk, Musk, Ilham Aliyev Organizations: Elon, SpaceX, International Astronautical Congress, IAC, Azerbaijan Locations: Baku, Azerbaijan, Mars, Nagorno, Karabakh

☆ Barry Diller rips WGA deal with studios, says fair use needs to be redefined to address AI
▼ + stars: | 2023-09-26 | by ( Drew Richardson | ) www.cnbc.com time to read: +3 min

Slamming the tentative labor deal between Hollywood writers and studios, media mogul Barry Diller on Tuesday laid out his biggest bone of contention with generative artificial intelligence. "All we want to do is establish that there is no such thing as fair use for AI, which gives us standing." Generative AI and language-based model systems index entire bodies of work within their knowledge base, a violation of fair use, some argue. Altman, who also served on the Expedia board with Diller, testified before senators in May to discuss regulations on AI. Altman also said that Shutterstock was critical in the training of OpenAI's generative media AI, DALL-E.

Persons: Barry Diller, Diller, George R.R, Martin, Jodi Picoult, OpenAI, Diller isn't, that's, Sam Altman, Sam, Altman, " Altman, Shutterstock Organizations: Hollywood, IAC, Writers Guild, WGA, Alliance, Television Producers, Wall Street, CNBC

☆ Watch CNBC's full interview with IAC and Expedia chairman Barry Diller
▼ + stars: | 2023-09-26 | 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 IAC and Expedia chairman Barry DillerBarry Diller, IAC and Expedia chairman and senior executive, joins 'Squawk Box' to discuss the end of the Hollywood writers' strike, the media landscape at large, A.I. revolution & the impact on entertainment, and much more.

Persons: Barry Diller Barry Diller Organizations: IAC, Hollywood

☆ Barry Diller on Hollywood writers' strike, streaming economy and media landscape
▼ + stars: | 2023-09-26 | 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 EmailBarry Diller on Hollywood writers' strike, streaming economy and media landscapeBarry Diller, IAC and Expedia chairman and senior executive, joins 'Squawk Box' to discuss the end of the Hollywood writers' strike, the media landscape at large, A.I. revolution & the impact on entertainment, and much more.

Persons: Barry Diller Organizations: Hollywood, IAC

☆ Barry Diller on A.I.: The next thing to pay attention to is 'when it goes from research to action'
▼ + stars: | 2023-09-26 | 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 EmailBarry Diller on A.I. : The next thing to pay attention to is 'when it goes from research to action'Barry Diller, IAC and Expedia chairman and senior executive, joins 'Squawk Box' to discuss the end of the Hollywood writers' strike, the media landscape at large, A.I. revolution & the impact on entertainment, and much more.

Persons: Barry Diller Organizations: IAC, Hollywood Locations: A.I

☆ See the private jets a Bahamian aviation firm says Sam Bankman-Fried and FTX funded with a $28 million handshake deal, which are now at the center of a 3-way ownership battle
▼ + stars: | 2023-09-22 | by ( Pete Syme | Taylor Rains | ) www.businessinsider.com time to read: +5 min

FTX loaned $28 million to a private jet company to finance its purchase of two jets, a court filing says. One of them has been in government custody since February, while the FTX Debtors claimed ownership of the planes in August. AdvertisementAdvertisementThursday's court filing says IAC received the loan after a "handshake deal" between Aranha and Bankman-Fried. It wasn't until August 7 that the FTX Debtors claimed ownership of the planes, the filing says. This is not the first time FTX Debtors have tried to get back assets.

Persons: FTX, SBF's, Sam Bankman, Fried's FTX, Paul Aranha, Fried, Aranha, Shaquille O'Neal, Stephen Curry, Naomi Osaka Organizations: Service, Bahamian, Court, Bombardier Global, Embraer, Island Air, IAC, Trans Island Airways, FTX Ventures, Trans, Airways, TIA, Bombardier, Global, US Marshals Service, Bradley International Locations: Wall, Silicon, Delaware, Connecticut

☆ See the private jets a Bahamian aviation firm says Sam Bankman-Fried and FTX funded with a $28 million handshake deal, and are now at the center of a 3-way ownership battle
▼ + stars: | 2023-09-22 | by ( Pete Syme | Taylor Rains | ) www.businessinsider.com time to read: +5 min

☆ Jeffrey A. Trachtenberg — Reporter at The Wall Street Journal
▼ + stars: | 2023-09-09 | by ( Jeffrey A. Trachtenberg | ) www.wsj.com time to read: +2 min

Jeffrey A. TrachtenbergJeffrey Trachtenberg covers the book industry and is part of the Journal’s Media and Marketing Bureau in New York. Other topics in Jeff’s coverage have included the popularity of political books, debates over “cancel culture” within publishing houses and other literary trends. Jeff co-authored a 2021 series on the succession drama at Scholastic, following the unexpected death of the children’s publisher’s longtime boss. Jeff has also covered the magazine industry for the Journal, chronicling how giants such as Condé Nast have sought to pivot from a focus on glossy print titles into online publishers. Previously, Jeff covered the retailing, consumer electronics and music industries for the Journal, reporting on such big retail chains as Federated Department Stores and Saks Fifth Avenue, and the music arms of Sony, Bertelsmann and Polygram.

Persons: Jeffrey A, Trachtenberg Jeffrey Trachtenberg, he’s, Barnes, Noble, Jimmy Carter, Philip Roth, J.K, Rowling, Jeff, Condé Nast, Barry, Meredith, Ralph Lauren, Jacqueline Bisset, Kirk Douglas, Lew Wasserman Organizations: Journal’s Media, Marketing Bureau, Scholastic, IAC, Better Homes, Gardens, Federated Department Stores, Saks Fifth, Sony, Bertelsmann, Polygram, Forbes, Franklin & Marshall College Locations: New York, Westchester, N.Y

☆ Hollywood studios should cut Netflix out of strike negotiations, Barry Diller says
▼ + stars: | 2023-08-31 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

Barry Diller is calling on the legacy Hollywood studios to end the dual writers and actors strikes, otherwise it'll be "catastrophic" to the industry. The media mogul, speaking on the podcast "On with Kara Swisher," said the strikes would only strengthen streaming giant Netflix during a tumultuous time for legacy media. He also advised studios to cut Netflix and other streamers out of the negoations with the unions. He said the legacy studios, actors and writers should be "natural allies" given their century of working together. Diller said legacy media should take some of its "shows and creativity and build our networks back up.

Persons: Barry Diller, Kara Swisher, Diller, Netflix didn't, Bob Iger, Donna Langley, Ted Sarandos, David Zaslav, Comcast's NBCUniversal, Swisher Organizations: Hollywood, Netflix, IAC, Expedia, Fox, Paramount, ABC Entertainment, Apple, CBS, Guild of America, Alliance, Television Producers, WGA, SAG, Disney, Warner Bros, Discovery, Paramount Global, Comcast, CNBC

A cameraman films wreckage of the private jet linked to Wagner mercenary chief Yevgeny Prigozhin near the crash site in the Tver region, Russia, August 24, 2023. U.S. aviation safety consultant and former investigator John Cox said an internal Russian investigation would always be questioned without the participation of Brazil, the country where the plane was manufactured. "I think it hurts the transparency of the Russian investigation." In air crash investigations, experts work to improve aviation safety without assigning blame, but probes are often tainted by political interests. Jeff Guzzetti, a former U.S. air crash investigator, said Russia should accept assistance from Brazil, even if CENIPA can only participate remotely.

Persons: Wagner, Yevgeny Prigozhin, Marina, Prigozhin, Vladimir Putin's, Marcelo Moreno, John Cox, Cox, CENIPA, Jeff Guzzetti, Allison Lampert, Gabriel Araujo, Valerie Insinna, Denny Thomas, Grant McCool Organizations: REUTERS, SAO PAULO, Embraer, EMBR3, Reuters, Wagner Group, Brazil's Center for Research, Aeronautical, United Nations International Civil Aviation Organization, Interstate Aviation Committee, Accident Investigation, U.S ., Convention, International Civil Aviation, Thomson Locations: Tver, Russia, MONTREAL, SA, Moscow, Russian, Ukraine, Montreal, St Petersburg, Brazil, U.S, Sao Paulo, Washington

Brazil's Center for Research and Prevention of Aeronautical Accidents (CENIPA), in the interests of improving aviation safety, had said it would join a Russian-led investigation if it were invited and the probe held under international rules. U.S. aviation safety consultant and former investigator John Cox said an internal Russian investigation would always be questioned without the participation of Brazil, the country where the plane was manufactured. "I think it hurts the transparency of the Russian investigation." In air crash investigations, experts work to improve aviation safety without assigning blame, but probes are often tainted by political interests. Jeff Guzzetti, a former U.S. air crash investigator, said Russia should accept assistance from Brazil, even if CENIPA can only participate remotely.

Persons: Wagner, Yevgeny Prigozhin, Anton Vaganov, Prigozhin, Vladimir Putin's, Marcelo Moreno, John Cox, Cox, CENIPA, Jeff Guzzetti, Allison Lampert, Gabriel Araujo, Valerie Insinna, Denny Thomas, Grant McCool Organizations: Police, REUTERS, SAO PAULO, Embraer, EMBR3, Reuters, Wagner Group, Brazil's Center for Research, Aeronautical, United Nations International Civil Aviation Organization, Interstate Aviation Committee, Accident Investigation, U.S ., Convention, International Civil Aviation, Thomson Locations: Tver, Russia, MONTREAL, SA, Moscow, Russian, Ukraine, Montreal, St Petersburg, Brazil, U.S, Sao Paulo, Washington

☆ Here are 21 stocks Jim Cramer is watching Thursday, including GE, Target and Kellogg
▼ + stars: | 2023-08-10 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

Kellogg (K) has many critics but 52-week low, pure snacks and break-up value for classic brands is high. Applovin (APP) surprise blow-out quarter for marketing company that uses machine learning to figure out advertising. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Ralph Lauren, Kellogg, McCormick, Baird, Akamai, JACK, Morgan Stanley, Warby Parker, Oppenheimer, Jim Cramer's, Jim Cramer, Jim, Daniel Acker Organizations: IAC, SBA Communications, BofA, Mizuho, Realty, Barclays, General Electric, GE, PT, Deutsche Bank, Jim Cramer's Charitable, CNBC, Target Corp, Bloomberg, Getty Locations: France, BofA, Chicago , Illinois

☆ Stocks making the biggest moves midday: Roblox, Penn Entertainment, Upstart and more
▼ + stars: | 2023-08-09 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Roblox reported a loss of 46 cents per share, versus the 45 cent loss expected by analysts polled by Refinitiv. Upstart, a consumer lending platform, said it expects third-quarter adjusted EBITDA and revenue to come in around $5 million and $140 million, respectively. The company's adjusted earnings came in at 16 cents per share, beating estimates of a loss of 1 cent per share. Rivian posted an adjusted loss per share of $1.08 in the second quarter, while the Street anticipated a loss of $1.41 per share, per Refinitiv. On Tuesday, Super Micro Computer reported adjusted earnings of $3.51 per share on revenue of $2.18 billion.

Persons: Roblox, DraftKings, Lyft, Uber, Rivian, Carvana, FactSet, Refinitiv, Bumble, Marqeta, CNBC's Hakyung Kim, Pia Singh, Brian Evans, Jesse Pound, Alex Harring, Yun Li, Sarah Min Organizations: Refinitiv . Revenue, Roblox, Penn Entertainment, Disney, ESPN, ESPN Bet, Penn, —, Micro, Akamai Technologies, Enterprise, IAC —, IAC, Revenue, CashApp Locations: Refinitiv

☆ IAC CEO Joey Levin: The ad market overall is still not in a great shape
▼ + stars: | 2023-08-09 | 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 EmailIAC CEO Joey Levin: The ad market overall is still not in a great shapeIAC CEO Joey Levin joins 'Squawk on the Street' to discuss what happened with the company's quarterly earnings results, whether there's been a real turnaround in advertising spend, and more.

Persons: Joey Levin, there's

☆ On tap next week: Two key inflation reports and 4 Club earnings releases. Here's what we're looking for
▼ + stars: | 2023-08-05 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Economic releases : The Labor Department releases its monthly consumer price index and producer price index on Thursday and Friday, respectively. For that reason, we'd be content if the July figure doesn't indicate a resurgence of rising wholesale costs, which is a concern given a recent uptick in energy prices. On Tuesday before the opening bell, Club holding Eli Lilly (LLY) reports. Finally, Club names Walt Disney (DIS) and Wynn Resorts (WYNN) will report on Wednesday after the closing bell. In preparation for these releases, be sure to check out our first-quarter earnings report card .

Persons: we'll, Knight, Eli Lilly, We'll, donanemab, Walt Disney, We're, Tyson, Henry Schein, Li Auto, Armour, WEN, Ralph Lauren, Price, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Labor Department, Reserve, Manufacturing, ADP, Fitch, AAA, U.S ., PPI, Coterra Energy, Walt, Wynn Resorts, Disney, Tyson Foods, TSN, KKR, Energy, Paramount, UPS, Barrick, Duke Energy, Restaurant Brands, Warner Music, Fox Corp, NRG Energy, AMC, Bros, Endeavor, IAC, Sony, SONY, Brookfield Asset Management, WYNN, Trade, Novo Nordisk, US Foods, News Corp, Air Canada, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Getty Locations: United States, Mounjaro, Hollywood, Las Vegas, Boston, Macao, PENN, Valvoline, VVV, Credicorp, New York City

☆ Why celebrities are on strike: Not every actor makes Tom Cruise money
▼ + stars: | 2023-07-17 | by ( Samantha Delouya | ) edition.cnn.com time to read: +9 min

However, the BLS noted in the data that actors aren’t paid full-time year-round due to the nature of the job. Screen Actors Guild members and supporters on a picket line in Times Square in New York, US, on Friday, July 14, 2023. Yuki Iwamura/Bloomberg/Getty ImagesBefore the contract between actors and movie studios officially expired this week, SAG-AFTRA members had negotiated specific minimum rates for performers. For example, an actor who worked on a television show for one week was paid a minimum of $3,756. According to Shaan Sharma, an actor and SAG-AFTRA board member, just 12.7% of SAG-AFTRA members qualify for the union’s health plan.

Persons: they’ve, Meryl Streep, Matt Damon, Fran Drescher, you’re, aren’t, Yuki Iwamura, Kellee Stewart, ”, “, Dwayne “, ” Johnson, Forbes, Johnson, Cruise, Tom Cruise, Barry Diller, ‘, ” Diller, “ I’m, Shaan Sharma, Rod McLachlan, it’s, ” McLachlan, Chris Pizzello, ” Stewart, Stewart, “ There’s, Bob Iger, ’, Iger, Netflix’s, Ted Sarandos, Greg Peters, “ Rather, AFTRA, Kevin Klowden, Klowden, Natasha Chen Organizations: CNN, SAG, Hollywood, Hollywood’s, Guild of America, US Bureau of Labor Statistics, BLS, Guild, Bloomberg, Getty, Forbes, Variety, CBS, Sunday, Paramount, Netflix, Twitter, Disney, CNBC, Walt Disney Studios, The Alliance, Television Producers, Paramount Pictures, Sony Pictures, Apple, Warner Bros, Milken Institute Locations: California, New York, Los Angeles, London, Australia, New Zealand

☆ Prolonged Hollywood strikes could lead to 'an absolute collapse of an entire industry,' says IAC Chair Diller
▼ + stars: | 2023-07-16 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

Diller, a former Paramount Pictures CEO, predicted a domino effect should the dual strikes not resolve quickly. "These conditions will potentially produce an absolute collapse of an entire industry," he said. That means that by the time the strikes are settled, there won't be enough money to ramp programs back up. AI companies must come up with a fair business model before ingesting publishers' copyrighted work, Diller said. "It took 15 years to get back on paywalls that protected publishers," Diller said.

Persons: Barry Diller, Diller Organizations: IAC, CBS, Paramount Pictures, Google, Microsoft, CNBC, YouTube, Hollywood Locations: Hollywood

☆ Search was made to find the best of the internet, A.I. steals the best of it: IAC CEO Joey Levin
▼ + stars: | 2023-07-11 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSearch was made to find the best of the internet, A.I. steals the best of it: IAC CEO Joey LevinJoey Levin, IAC CEO, joins CNBC's Julia Boorstin and 'Fast Money' from Sun Valley Conference to talk the impact of A.I., the future of media and more.

Persons: Joey Levin Joey Levin, Julia Boorstin Organizations: IAC, Sun Valley

☆ Watch CNBC's full interview with IAC CEO Joey Levin
▼ + stars: | 2023-07-11 | 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 IAC CEO Joey LevinJoey Levin, IAC CEO, joins CNBC's Julia Boorstin and 'Fast Money' from Sun Valley Conference to talk the impact of A.I., the future of media and more.

Persons: Joey Levin Joey Levin, Julia Boorstin Organizations: IAC, Sun Valley

☆ Barry Diller Ends Talks to Sell The Daily Beast
▼ + stars: | 2023-06-23 | by ( Benjamin Mullin | ) www.nytimes.com time to read: 1 min

The media mogul Barry Diller has pulled The Daily Beast off the auction block. Mr. Diller, the chairman of the digital media company IAC, said on Friday that The Daily Beast — a digital tabloid known for its aggressive political and media coverage — is not for sale. Until recent days, according to people with knowledge of the talks, he had been in discussions about a deal with Ankler Media, a start-up that has earned a reputation for its unsparing coverage of Hollywood elites since Janice Min, a longtime magazine editor, co-founded it early last year. “We did have negotiations with The Ankler, but we have withdrawn from them,” Mr. Diller, 81, said in a statement. “The Daily Beast is not for sale.”He did not elaborate on his plans for The Daily Beast, a publication that the magazine editor Tina Brown first edited in 2008 and that has earned plaudits for its journalism.

Persons: Barry Diller, Diller, Janice Min, “, ” Mr, Tina Brown Organizations: IAC, Ankler Media, Daily

☆ Here are Wednesday's biggest analyst calls: Nike, Tesla, Amazon, Apple, Adobe, Uber, Micron and more
▼ + stars: | 2023-06-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Goldman Sachs upgrades Petrobras to buy from neutral Goldman Sachs said the Brazilian petroleum company has an attractive valuation. "As such, we believe the potential for sustained upside to Street OI estimates ahead will be a key catalyst for shares." Citi initiates Everest as buy Citi initiated coverage of the insurance company and said it's "capitalizing on the most favorable reinsurance underwriting environment in decades." Goldman Sachs reiterates Nike as buy Goldman Sachs said it's standing by its buy rating heading into Nike earnings next week. Goldman Sachs reiterates Micron as buy Goldman said it's standing by its buy rating on the stock heading into earnings next week.

Persons: Barclays downgrades Tesla, Goldman Sachs, Wolfe, it's bullish, TD Cowen, Ralph Lauren, it's, Cowen, Jefferies, OneSpaWorld, Oppenheimer, Uber, Bud, JPMorgan, Tyler, Goldman, Bernstein, Oracle, Needham, Christine McCarthy, Snowflake, Shopify, Morgan Stanley, Dell, Yvonne McGill, Apple Organizations: Street, Barclays, LT, Petrobras, Spotify, BMO, Adobe, Citi, Bank of America, FedEx, Nike, IAC, Amazon, Molson Coors Citi, TAP, Tyler Technologies, Micron, Oracle, — Oracle, Windows, Disney, DIS, Carnival, TAM, Deutsche Bank, Dell, IR, Apple Locations: OW, 2H23, Nike's

☆ Coffee research group progresses on naturally decaffeinated varieties
▼ + stars: | 2023-06-16 | by ( Roberto Samora | ) www.reuters.com time to read: +2 min

SAO PAULO, June 16 (Reuters) - A Brazilian coffee research institute has started a decisive stage in a two-decade project to develop arabica coffee varieties that are naturally decaffeinated, a development the researchers think could have significant commercial potential. The program is being developed at the Instituto Agronomico de Campinas (IAC), a leading coffee research center that has provided many of the high-yield coffee plants that have helped Brazil become a powerhouse in the global coffee market, supplying more than a third of the trade. Companies selling decaffeinated coffee as well could benefit with reduced costs, since they could skip the industrial processes to remove caffeine from regular coffee varieties. Coffee trees usually take two to three years to produce the first fruits, so there are still some years ahead until the researchers can harvest that coffee and test it. Consumption of decaffeinated coffee accounts for around 10% of the market in the United States, according to data from the National Coffee Association (NCA).

Persons: Julio Cesar Mistro, Roberto Samora, Marcelo Teixeira, Sandra Maler Organizations: SAO PAULO, Instituto Agronomico, IAC, National Coffee Association, Thomson Locations: Campinas, Brazil, Europe, United States, New York

☆ Uber CEO Dara Khosrowshahi shares the most common career mistake young people make
▼ + stars: | 2023-06-14 | by ( Cadie Thompson | ) www.businessinsider.com time to read: +3 min

Having a career plan is great, but you don't want to overdo it. Uber CEO Dara Khosrowshahi says the most common mistake he sees young people make is overplanning. "I always tell people that the most common mistake I see in young people is that they overplan their career," Khosrowshahi said on a recent podcast of Acquired. An analyst is not supposed to talk to a CEO," Khosrowshahi said. IAC ended up buying Expedia in 2001, and four years later, Khosrowshahi became CEO of the travel booking company.

Persons: Dara Khosrowshahi, —, Khosrowshahi, Khosrowshahi's, Barry Diller, Diller, Barry, Herbert Allen, Allen, Uber Organizations: Service, Allen & Company, Paramount, USA Networks, IAC, Allen, Uber's Locations: Expedia

Digital Content Next shared the principles with its board and relevant committees Monday. Digital Content Next's "Principles for Development and Governance of Generative AI": Developers and deployers of GAI must respect creators' rights to their content. The urgency behind building a system of rules and standards for generative AI is intense, said Jason Kint, CEO of Digital Content Next. How generative AI will unfold in the coming months and years is dominating media conversation, said Axios CEO Jim VandeHei. "Even with AI tools or generative AI models that work in text like ChatGPT, it doesn't change the fact we're already doing this work," said Looft.

Persons: Andrew Burton, Robert Frost, Vincent Van Gogh, Google's Bard, GAI, Jason Kint, I've, Kint, We've, Jim VandeHei, VandeHei, Barry Diller, Robert Thomson, Thomson, Diller, Chris Berend, Pope Francis, Chris Looft, Berend Organizations: New York Times, Getty, NBC, The Washington Post, Street, News Corp, Development, ., A.I, Digital, Facebook, Nasdaq, Market, Big Tech, International News Media, News Media, NBC News Group, Pentagon, Bloomberg, Axios Technology, Google, Disney, ABC, NBC News, CNBC Locations: New York City, New York, Washington ,

☆ Google's new A.I. search could hurt traffic to websites, publishers worry
▼ + stars: | 2023-05-11 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

Instead of "ten blue links," the phrase that describes Google's usual search results, Google will show some users paragraphs of AI-generated text and a handful of links at the top of the results page. But website publishers are already worried if it becomes Google's default way of presenting search results, it could hurt them by sending fewer visitors to their sites and keeping them on Google.com. Rutledge Daugette, CEO of TechRaptor, a site focusing on gaming news and reviews, said Google's move was made without considering the interests of publishers and Google's AI amounts to lifting content. According to Search Engine Land, a news website that closely tracks changes to Google's search engine, the AI-generated results are displayed above the organic search results in testing so far. CNBC previously reported Google's plans to redesign its results page to promote generated AI content.

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