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☆ There's a 'game of thrones' in AI, but these China tech giants offer real value, tech veteran says
▼ + stars: | 2023-10-30 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

China's tech giants may be reeling from the regulatory clampdowns imposed by the government, but they still have "a lot of value," according to veteran analyst Dan Ives. "I think [for] China tech, there's a lot of value there when you look at Baidu , JD , Tencent and others. Because of China's regulatory restrictions, more institutional investors in Asia are focusing on U.S. tech instead, Ives added. It has a target price of $168 for Baidu — giving it around 56% potential upside from its Oct. 25 close — and $38 for JD.com, or around 50% upside. HSBC has a 425 Hong Kong dollar ($54.34) price target on Tencent, giving it an upside of around 48%.

Persons: Dan Ives, Tencent, that's, CNBC's, Ives, Goldman Sachs, — CNBC's Arjun Kharpal Organizations: Baidu, JD, Wedbush Securities, HSBC, Hong Kong, Hong Locations: China, Asia, British, Hong Kong

☆ British Library looks at evolution of fantasy genre in new exhibition
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

Martin’s “A Game of Thrones” to live-action role play costumes and Gandalf's staff from "The Lord of the Rings" films, a new London exhibition opening on Friday delves into the fantasy genre. "Fantasy: Realms of Imagination", running at the British Library, features more than 100 items from around the world including manuscripts, first editions, games, film props and costumes. “Fantasy has never been as exciting as it is today." "Fantasy: Realms of Imagination" runs until Feb. 25, 2024. Reporting by Marie-Louise Gumuchian; Editing by Rod NickelOur Standards: The Thomson Reuters Trust Principles.

Persons: George R.R, Martin’s, Lewis, Ursula K, Le, Tanya Kirk, Marie, Louise Gumuchian, Rod Nickel Organizations: British, Reuters, Thomson Locations: London

☆ The sad, lonely secret behind America's never-ending wave of Marvel movies and Disney reboots
▼ + stars: | 2023-10-24 | by ( Walt Hickey | ) www.businessinsider.com time to read: +12 min

If the key driver of reboots is nostalgia — then the key driver of nostalgia is loneliness. Next, participants took Batcho's Nostalgia Inventory, a psychological test developed by Krystine Batcho in 1995 to quantify how deeply people feel nostalgia at a given time. If the key driver of reboots is nostalgia — then the key driver of nostalgia is loneliness. American health insurer Cigna has conducted a large loneliness survey since 2018, with over ten thousand respondents in the sample annually. In 2020, 61% of those surveyed were lonely, up 7 percentage points since the survey was first conducted in 2018.

Persons: Harry Potter, Krystine Batcho, lonelier, Cigna, reboots, Indiana Jones, Heather Jones, Walt Hickey, Zelda, backlist, SpongeBob, Percy Jackson, Workman Organizations: Walt Disney Company, Warner Bros, Sony, Fox, Southampton University, UCLA, Research Center, Pew Research, Gallup, Netflix, Recreation Locations: Wonderland, Orlando, England, Hogwarts, Kingdom, America, Hollywood

☆ Elon Musk on interest rates, uncertainty and Tesla's costs
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Gonzalo Fuentes Acquire Licensing RightsOct 18 (Reuters) - Tesla (TSLA.O) CEO Elon Musk spent much of a call with analysts and investors on the electric car maker's earnings discussing what he sees as the risks from high interest rates, consumer uncertainty and the "paycheck-to-paycheck" pressures on American workers. Here are some of his quotes on those issues:On interest rates and the affordability of EVs:"A large number of people are living paycheck-to-paycheck and with a lot of debt. They've got credit card debt, mortgage debt. "If our car cost the same as a (Toyota) RAV4, no one would buy a RAV4, or, at least, they would be very unlikely to." You know, credit card interest rates are usurious with over 20% interest rates, which, over time becomes extremely punishing."

Persons: Elon Musk, Porte, Gonzalo Fuentes, They've, you’ve, Marie Antoinette, Kevin Krolicki, Sayantani Ghosh Organizations: SpaceX, Tesla, Viva Technology, Porte de, REUTERS, Toyota, Thomson Locations: Paris, France

☆ Chinese EV stocks tank after Tesla earnings disappoint
▼ + stars: | 2023-10-19 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

(Photo by VCG/VCG via Getty Images)Shares of Chinese EV-makers were battered on Thursday after Tesla reported disappointing third-quarter results on Wednesday where the company missed estimates. It was the first time Tesla, co-founded by Elon Musk, missed on both earnings and revenue since second-quarter 2019. On Thursday morning, Hong Kong-listed shares of Chinese EV makers BYD and Xpeng fell 2.18% and 8.76% respectively. Musk said the company is working to bring down the prices of its cars amid high interest rates, but it is as challenging as "Game of Thrones, but pennies." "I'm worried about the high interest rate environment we're in," he said, adding that it will be much harder for consumers to purchase cars if interest rates were to increase further.

Persons: Tesla, Elon Musk, Li Auto, Geely, Musk Organizations: Shanghai International Automobile Industry, National Exhibition, Convention Center, Getty, Elon Locations: SHANGHAI, CHINA, Shanghai, China, Hong Kong, Xpeng

☆ Elon Musk warned of Cybertruck headaches, consumers' debt woes, and a 'stormy' economic backdrop on Tesla's earnings call. Here are his 14 best quotes.
▼ + stars: | 2023-10-19 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Elon Musk tackled a wide range of topics during Tesla's third-quarter earnings call on Wednesday. The world's richest man and CEO of the electric-vehicle maker underscored the difficulties of scaling Cybertruck production, touted Tesla's Optimus humanoid robot over Boston Dynamics' mechanical dogs, and trumpeted his cost-cutting efforts, according to a transcript provided by AlphaSense/Sentieo. Tesla's Optimus robot appearing to do yoga. (Musk was describing Tesla's focus on cutting the cost of car parts by even a few cents.) Tesla is "not going to sink," says Elon Musk.

Persons: Elon Musk, Musk, —, Elon, Oz, Marie Antoinette, Tesla's, that's, Tesla, they've, You've Organizations: Service, Boston Dynamics, AlphaSense, General Motors, Chrysler, Getty, Silicon Valley Bank, Suisse — geez Locations: Silicon

☆ Investing in Space: A reality check on SPAC frenzy revenue projections
▼ + stars: | 2023-10-12 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +13 min

Overview: Forecast or fantasyWe're now at least two years on from when a slew of space companies went public during the SPAC frenzy, and, look, none of them look great. Now a bit further down the road, I want to look at a different financial metric: 2023 revenue projections. I ran an informal series for a while to mark when a space company announced it was going public. The rest of the pack isn't as on the mark: A few companies are roughly halfway to their earlier 2023 revenue projections, or performing even better. Spire forecast 2023 revenue of $227 million and is closing in on about $107 million.

Persons: Angela Weiss, CNBC's Michael Sheetz, it's, I'd, Here's, Derek Tournear, Ron Rosano, Trevor Beattie, Namira Salim, –, REx, Christopher Povak, Lisa Watson, Morgan, – Watson, Morgan Starliner, General, NASA Astrobotic, Andy Lapsa Organizations: New York Stock Exchange, AFP, Getty, Terran, Galactic Astra, CNBC, Pentagon, Space Development Agency, LinkedIn, Galactic, NASA, NASA NRO, Soyuz, – Reuters, Reuters SpaceX, FAA, Federal Aviation Administration, IAC, Lunar Research, SpaceX, Boeing NASA, Moonshots Capital, Lavrock Ventures, Veteran Fund, Mana Ventures, AIN Ventures, Capital Factory, Astra, – Bloomberg, ViaSat, Viasat Locations: Russian, Azerbaijan, Russia, Venezuela, South Africa, Florida, Washington, CNBC Los Angeles

☆ This recruiter uses a late-night text message to see if you're a good fit for a job
▼ + stars: | 2023-10-12 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

Would you answer a late-night text message from a recruiter after a job interview? The message is a test to help determine whether someone is a good fit for a job or a culture. AdvertisementAdvertisementYou go to a job interview at 1 p.m.Around 10 p.m., you get this text: "Hey, Tim. Text back quickly and it might up your chances of snagging the job, at least at Vanderbloemen's 45-person firm. Trial by text message joins other offbeat quizzes meant to help determine whether a job candidate should get an offer letter.

Persons: William Vanderbloemen, —, Tim, Ben, proctor, that's, Vanderbloemen, they're, who'd, it's, It's, Slack Organizations: Service Locations: Vanderbloemen, Houston, New York City

☆ Generative AI needs tools to avoid copyright infringement, Databricks' Naveen Rao says — or more companies could meet Napster's fate
▼ + stars: | 2023-10-10 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +4 min

Naveen Rao is VP of Generative AI at Databricks and co-founder of LLM-training platform MosaicML. Rao says copyright infringement could prevent companies from successfully monetizing AI. Rao, who oversees generative AI strategy for Databricks after it bought his startup MosaicML for $1.3 billion, likens it to the issue that crushed Napster, the 2000s-era music-sharing platform. "We build tools that enable companies to differentiate their AI from everyone else's and leverage their data uniquely," Rao told Insider. The more people building generative AI technology the better, Rao says.

Persons: Naveen Rao, Rao, —, ChatGPT, Jodi Picoult, George R.R, Martin, OpenAI, he's Organizations: Service, Napster, Apple, iTunes, Thrones, Metallica, Qualcomm, Intel

☆ The race is on for tech's 'golden goose' — the iPhone of the AI era
▼ + stars: | 2023-10-08 | by ( Aaron Mok | ) www.businessinsider.com time to read: +9 min

Some tech leaders see the gadgets as the iPhone of the AI era, a way to own the hardware we use to interact with AI. A true iPhone successor could be tech's "golden goose," but past attempts have failed. The race is on as generative AI tools like ChatGPT, OpenAI's conversational AI chatbot, take the world by storm. Even though he said AI hardware innovations represent "the golden goose for tech players in the next decade along with software," he doesn't think all of them will be successful. AdvertisementAdvertisementYet, despite AI's impressive capabilities, Haigh said that smartphones may still be easier to use for the average consumer than AI devices, which means that AI personal devices may take awhile to gain public interest.

Persons: —, Mark Zuckerberg, Meta's Ray, Zuckerberg, Victor Virgile, Imran Chaudhri, @ImranChaudhri, knEBVdC7zl, 3vvbPVAFsS, Chaudhri, Jony, Sam Altman, Masayoshi Son, Altman, Marc Benioff, Brad Stone, Jeff Bezos, Dan Ives, Nadella, Cook, Ives, Thomas Haigh, Haigh, Siri Organizations: Service, Tech, Meta, Facebook, Apple, TED, Wedbush Securities, Big Tech, University of Wisconsin, Modern Computing, Google Locations: Milwaukee

☆ 'I believe in the sector': Investing in K-pop? Bernstein analyst is a fan of this stock
▼ + stars: | 2023-09-27 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

His pick is K-pop agency Hybe, which he's given an outperform rating and a target price of 350,000 South Korean won ($258) — or around 44% upside from Tuesday's close. Hybe's roster of artists includes BTS — one of the biggest South Korean boy bands. "I believe in the sector for the long-term growth and the macro trend," Suh told CNBC's " Street Signs " on Monday. Suh highlighted that Netflix announced in April that it would invest $2.5 billion in South Korean media over the next four years. So this is the reason why the global leading enterprise entertainment players companies try to diversify their IP portfolio to run their business more sustainably."

Persons: Bokyung Suh, Bernstein, Suh, CNBC's, Ted Sarandos, Sarandos, Hybe Organizations: South Korean, Kosdaq, SM Entertainment, JYP Entertainment, YG Entertainment, Disney, Netflix, Spotify, Hybe, BTS, Pledis Entertainment Locations: South Korea, Korean

CNN —Sophie Turner and Joe Jonas are keeping their two young children in New York for now as part of a temporary court agreement filed Monday, according to documents. The two stars are in the midst of a divorce after four years of marriage. Last week, Turner sued Jonas, seeking the return of their children to London. “The children were born in the U.S. and have spent the vast majority of their lives in the U.S. Jonas filed for divorce in Florida earlier this month.

Persons: Sophie Turner, Joe Jonas, Turner, Jonas, Jonas Brothers, they’d, “ Joe, ” Organizations: CNN, United States, Southern & Locations: New York, London, Southern & Eastern, England, U.S, Florida

NEW YORK (AP) — Actor Sophie Turner sued her estranged pop star husband Joe Jonas on Thursday to force him to turn over the passports of the couple's two young daughters so she can take them to England. So, Turner said she and Jonas had agreed that the children would travel with Jonas and a nanny. According to Turner, Jonas filed for divorce in Florida on Sept. 1 and she learned about it through the media on Sept. 5. The Jonas Brothers were scheduled to perform in Philadelphia on Thursday and in Baltimore on Friday. Jonas has been a pop idol since he and his brothers Nick and Kevin formed the Jonas Brothers in 2005.

Persons: Sophie Turner, Joe Jonas, Turner, Jonas, ”, Sansa Stark, ” Turner, Jonas Brothers, Sophie, Nick, Kevin Organizations: Hague Convention Locations: England, New York, United States, Florida, Manhattan, Philadelphia, Baltimore, U.S

☆ OpenAI unveils Dall-E 3, latest version of its text-to-image tool
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSept 20 (Reuters) - OpenAI on Wednesday unveiled Dall-E 3, the latest version of its text-to-image tool that uses its wildly popular AI chatbot ChatGPT to help fill in prompts. Dall-E 3 will be available to ChatGPT Plus and Enterprise customers in October via the API, the company said. OpenAI said the latest version of the tool will have more safeguards such as limiting its ability to generate violent, adult, or hateful content. OpenAI said creators could opt out of using some or all of their work used to train future text-to-image tools. OpenAI's race to create accurate text-to-image AI tools has several competitors, including Alibaba's Tongyi Wanxiang, Midjourney and Stability AI, who continue to refine their image-generating models.

Persons: Dado Ruvic, Dall, ChatGPT, " DALL, OpenAI, Tongyi, John Grisham, George R.R, Martin, Chandni Shah, Subhranshu Sahu Organizations: REUTERS, Enterprise, Washington D.C, Thomson Locations: Washington, Bengaluru

☆ Opinion | The Era of Prestige TV Is Ending. We’re Going to Miss It When It’s Gone.
▼ + stars: | 2023-09-21 | by ( Roy Price | ) www.nytimes.com time to read: +3 min

I left Amazon Studios in 2017 (after accusations I dispute), and five years later, the larger industry picture looks exceedingly bleak. In the last year nearly every major studio, from Warner Bros. to Paramount, has announced layoffs and write-offs. Amazon was plagued by reports that its big investment in a “Lord of the Rings” series yielded disappointing viewership numbers. Many of its key writers and producers, including Judd Apatow and Steve Levitan, went on to broadly influence TV and film comedy. It’s HBO.” summed it up: Prestige TV was trying to be, as was sometimes said, “filmovision” — as dark and true to life or shockingly violent as necessary.

Persons: Bob Iger’s, HBO Max, Max, they’ll, Larry Sanders, “ Sanders ”, Judd Apatow, Steve Levitan, Oz, ”, “, Maisel, Ted Lasso ”, Pimple Popper, ” there’s Organizations: Amazon Studios, Warner Bros, Paramount, Disney, HBO, Showtime, City, Prestige, Netflix, “, Amazon, Golden Globes

☆ Sophie Turner sues Joe Jonas for return of their children to ‘forever home’ in England
▼ + stars: | 2023-09-21 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —Sophie Turner and Joe Jonas’ divorce is getting complicated. The “Game of Thrones” star filed a petition in New York City on Thursday requesting Jonas return their children to their home in England, according to court documents obtained by CNN. The petition cites the “wrongful retention” of their children “in New York City from their habitual residence of England,” and that they had made England their “permanent” home in April of 2023. Turner had planned to return to England this month with the children, the petition states, but when she attempted to collect their passports from Jonas last week, she claims he refused. “Joe and Sophie had a cordial meeting this past Sunday in New York, when Sophie came to New York to be with the kids.

Persons: Sophie Turner, Joe Jonas ’, Jonas, Jonas Brothers, Turner, “ Joe, Sophie, ”, “, ” Jonas, they’d, Joe Organizations: CNN Locations: New York City, England, New York, U.S

☆ 'Game of Thrones' author George R.R. Martin and other writers sue ChatGPT's maker claiming copyright infringement: 'Generative AI threatens to decimate the author profession'
▼ + stars: | 2023-09-21 | by ( Aaron Mok | ) www.businessinsider.com time to read: +5 min

Martin and other authors are suing ChatGPT owner OpenAI claiming copyright infringement. It follows a series of lawsuits writers launched against OpenAI over similar accusations. This latest lawsuit joins a series of legal disputes that writers have launched against OpenAI on similar accusations of copyright infringement. Associated Press, for instance, struck a two-year agreement with OpenAI that gives the AI company permission to train ChatGPT on its archive of news stories. As for the Authors Guild, writers "must have the ability to control if and how their works are used by generative AI," Authors Guild CEO Mary Rasenberger wrote in a statement.

Persons: George R.R, Martin, OpenAI, —, John Grisham, Mona Awad, Paul Tremblay, Weeks, Sarah Silverman —, Christophe Golden, Richard Kadrey —, It's, Mary Rasenberger, Rasenberger Organizations: Service, OpenAI, of, Hollywood, The New York Times, Stability, Getty, Associated Press, Authors Guild Locations: Wall, Silicon, ChatGPT, Southern, of New York

☆ George R. R. Martin, Jodi Picoult and other famous writers join Authors Guild in class action lawsuit against OpenAI
▼ + stars: | 2023-09-20 | by ( Jennifer Korn | ) edition.cnn.com time to read: +4 min

New York CNN —A group of famous fiction writers joined the Authors Guild in filing a class action suit against OpenAI on Wednesday, alleging the company’s technology is illegally using their copyrighted work. Martin, Jodi Picoult, John Grisham and Jonathan Franzen are among the 17 prominent authors who joined the suit led by the Authors Guild, a professional organization that protects writers’ rights. “Generative AI threatens to decimate the author profession,” the Authors Guild wrote in a press release Wednesday. Two other authors sued OpenAI in June over the company’s alleged misuse of their works to train ChatGPT. Authors should have the right to decide when their works are used to ‘train’ AI,” author Jonathan Franzen said in the release on Wednesday.

Persons: OpenAI, George R.R, Martin, Jodi Picoult, John Grisham, Jonathan Franzen, Mary Rasenberger, “, Sarah Silverman, Silverman –, ” Sam Altman, Rasenberger, James Patterson, Roxane Gay, Margaret Atwood —, ” Organizations: New, New York CNN, OpenAI, Authors, of, CNN, Amazon, Meta, San, Microsoft Locations: New York, Southern, of New York, San Francisco federal

☆ Why Barbie, Star Trek, and Star Wars succeed where other movie franchises fail to capitalize on fandoms, according to a new study
▼ + stars: | 2023-09-20 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Fandom unveiled the top 25 game and TV/film franchises of 2023 with Marvel, One Piece, Elder Scrolls, and Harry Potter following Star Wars. The idea was to give a unified view on what's capturing fan attention and why, said Perkins Miller, Fandom's CEO. Fandom study describes why franchises fans buy. "We saw original fans far less likely to watch those," Iaffaldano said of the animated shows. FandomOverall, world-building, as exemplified by Star Wars, was the most important factor in love of a franchise, cited by 32%.

Persons: Scrolls, Harry Potter, Perkins Miller, Warner, David Zaslav, Bob Iger, Marvel, Barbie, hasn't, Zelda, Anthony Iaffaldano, Iaffaldano, It's, Miller, they're Organizations: Star Wars, Marvel, Star, deca, Warner Bros, Discovery, Disney, Nintendo, Netflix, Paramount

A keyboard is placed in front of a displayed OpenAI logo in this illustration taken February 21, 2023. In addition to Microsoft-backed (MSFT.O) OpenAI, similar lawsuits are pending against Meta Platforms and Stability AI over the data used to train their AI systems. Other authors involved in the latest lawsuit include "The Lincoln Lawyer" writer Michael Connelly and lawyer-novelists David Baldacci and Scott Turow. The complaint said ChatGPT generated accurate summaries of the authors' books when prompted, indicating that their text is included in its database. It also cited growing concerns that authors could be replaced by systems like ChatGPT that "generate low-quality ebooks, impersonating authors and displacing human-authored books."

Persons: Dado Ruvic, OpenAI, John Grisham, Jonathan Franzen, George Saunders, Jodi Picault, George R.R, Martin, Michael Connelly, David Baldacci, Scott Turow ., Mary Rasenberger, Blake Brittain, David Bario, Daniel Wallis Organizations: REUTERS, Microsoft, Authors, Meta, Lincoln, Thomson Locations: Manhattan, Washington

☆ Taylor Swift and Sophie Turner having a girls’ night out has delighted the internet
▼ + stars: | 2023-09-20 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

Weeks after Joe Jonas and his wife “Game of Thrones” star Sophie Turner split, she was photographed stepping out to dinner in the Big Apple with Taylor Swift. Swift famously dated Jonas, who is a member of the Jonas Brothers trio, back in 2008. So, to see Swift and Turner, arms linked and stepping out on the town Tuesday night, was too too much for some. “Taylor Swift and Sophie Turner really just did the most iconic thing possible,” one person tweeted. “Taylor Swift and Sophie Turner publicly going out to dinner together was very calculated and I feel uncomfy about it as a Jonas fan,” one person tweeted.

Persons: Weeks, Joe Jonas, “, Sophie Turner, Taylor Swift, Swift, Jonas, Jonas –, that’s, Turner, “ Taylor Swift, Alexa, Mr, ” Swift Organizations: CNN, Big Apple Locations: New York City

NEW YORK (AP) — John Grisham, Jodi Picoult and George R.R. Martin are among 17 authors suing OpenAI for “systematic theft on a mass scale,” the latest in a wave of legal action by writers concerned that artificial intelligence programs are using their copyrighted works without permission. “Great books are generally written by those who spend their careers and, indeed, their lives, learning and perfecting their crafts. The online giant is now asking writers who want to publish through its Kindle Direct Program to notify Amazon in advance that they are including AI-generated material. Amazon is also limiting authors to three new self-published books on Kindle Direct per day, an effort to restrict the proliferation of AI texts.

Persons: — John Grisham, Jodi Picoult, George R.R, Martin, OpenAI, David Baldacci, Sylvia Day, Jonathan Franzen, Elin Hilderbrand, Mary Rasenberger, Direwolves, Michael Chabon, David Henry Hwang, ”, Sarah Silverman, Paul Tremblay, “ Organizations: Authors, Amazon, Kindle Locations: New York, U.S, San Francisco, California

LACONIA, N.H. (AP) — Marilyn Manson was sentenced to 20 hours of community service and a fine on Monday after pleading no contest to blowing his nose on a videographer at a 2019 concert in New Hampshire. Manson pleaded no contest to just the nose-blowing charge in a fully negotiated plea agreement with prosecutors. A no contest plea means Manson is not contesting the charge and does not admit guilt. Political Cartoons View All 1163 ImagesThe judge agreed to allow Manson to serve his community service in California. Manson has to give proof of his community service by Feb. 4.

Persons: — Marilyn Manson, Manson, Brian Warner, videographer Susan Fountain, Fountain, ” Manson, Warner, Andrew Livernois, Kent Barker, “, ” Barker, ”, “ Westworld, Evan Rachel Wood, Wood, Illma Gore, Esme Bianco, ___ Whittle Organizations: Bank of New Hampshire, “, Associated Press Locations: LACONIA, N.H, New Hampshire, Laconia, Concord, Gilford, Hampshire, California, Portland , Maine

☆ Ford and GM workers already make $20 more per hour than Tesla employees. Their union's demands would double that gap.
▼ + stars: | 2023-09-18 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

Detroit executives have Tesla in mind as they reject the UAW's big demands. The labor cost gap between the Detroit 3 and Tesla is already staggering. Tesla is the "clear winner" in the UAW strike, one analyst said. The UAW launched a first wave of targeted strikes last week after months of negotiations for new labor contracts with Ford, GM, and Jeep-owner Stellantis. Tesla spends about $45 an hour on labor (this cost combines hourly wages and benefits), while Ford, GM, and Stellantis are currently spending about $66 an hour on their labor, according to industry analysts.

Persons: Tesla, Stellantis, Wells, Elon, Dan Ives Organizations: Detroit, UAW, Service, United Auto Workers, Ford, GM, Deutsche Bank, Toyota, Honda, Tesla, Thrones Locations: Wall, Silicon, Detroit, Michigan , Ohio, Missouri, Wells Fargo

Legacy media companies like Disney , Warner Bros. Netflix was the first streamer to report a loss in subscribers in 2022, sending its stock and other media companies spiraling. Media companies also have begun slashing content spending budgets. Yet streaming remains the focus for all of these companies as consumers rapidly cut the cord and opt for streaming. Legacy media companies scrambled to follow suit, unsure if the model actually worked.

Persons: Mario Tama, it's, Steven Schiffman, NBCUniversal, Bob Iger, Ken Solomon, Solomon, Marc DeBevoise, John Hodulik, hasn't, —, Hulu —, Peacock, Max —, HBO Max, — Ryan Murphy, Shonda, Kenya Barris, David Benioff, Weiss —, Jonathan Miller, Shonda Rhimes, Presley Ann, Patrick McMullan, Bart Simpson, esports, DeBevoise, Peter Csathy Organizations: Netflix, Getty, North, Georgetown University, Legacy, Disney, Warner Bros, Discovery, Paramount, Media, Marvel, Tennis Channel, Sinclair, Companies, UBS, CBS, HBO, Max, Hulu, Integrated Media, Trek, Universal Studios Television, Getty Images Disney, Wars, Fox, Hollywood's, Creative Media, Charter Communications, ESPN, & $, + + Locations: Los Angeles, North American, J.J, Abrams, Kenya, Beverly Hills , CA, Georgetown

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