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A company tied to conspiracy theorist Alex Jones filed Monday to dispute the sale of the Infowars website to the parody site The Onion, calling it improper and unfair. In the morning, First United American Cos., a limited liability company that runs Jones’ online supplements store, filed an emergency motion to disqualify the winning bid of The Onion’s parent company, Global Tetrahedron,’ to purchase the Infowars media empire and other assets. The company running Jones’ online store had placed a competing bid against The Onion to purchase the estate. Infowars was briefly shut down after the sale was announced, NBC News reported, but it has resumed operating since. The proceeds from the sale of Infowars and Jones’ other assets will go toward his estate creditors, including the families of Sandy Hook victims.
Persons: Alex Jones, Cos, Jones, , Sandy Hook, FUAC, , , Infowars, ” Jones, Elon Musk, Donald Trump, Ben Collins —, ” Collins, InfoWars Organizations: Global, NBC News, X Corp Locations: United, Connecticut, Infowars
Forbes reported that the video was created by three AI studios — Secret Level, Silverside AI and Wild Card — using four different generative AI models. In a statement, a Coca-Cola spokesperson said, "The Coca-Cola Company has celebrated a long history of capturing the magic of the holidays in content, film, events and retail activations for decades around the globe. Coca-Cola will always remain dedicated to creating the highest level of work at the intersection of human creativity and technology." This isn’t the first time that Coca-Cola has used AI technology in its marketing strategies and programs. Tim DeStefano, a research professor at Georgetown University McDonough School of Business, told NBC News that using AI technology means a significant drop in the price of creating commercials.
Persons: Chris Barber, Alex Hirsch, , it’s, OpenAI, Neeraj Arora, ” Arora, Coke, Tim DeStefano, ” DeStefano Organizations: Forbes, Disney, Cola Company, University of Wisconsin, Georgetown University McDonough School of Business, NBC News Locations: Madison
WASHINGTON — President-elect Donald Trump announced Sunday that he has selected Brendan Carr to be chairman of the Federal Communications Commission. Carr is the top Republican commissioner on the FCC, the government agency tasked with regulating radio, television and cable communications. "Commissioner Carr is a warrior for Free Speech, and has fought against the regulatory Lawfare that has stifled Americans’ Freedoms, and held back our Economy," Trump said in a. In his chapter, Carr suggested TikTok should be banned if it fails to disentangle from its China-based parent company — an issue on which Trump held conflicting views before he joined the app himself this year. "Congress should do so by ensuring that Internet companies no longer have carte blanche to censor protected speech while maintaining their Section 230 protections," Carr wrote in Project 2025's book.
Persons: Donald Trump, Brendan Carr, Carr, Trump, TikTok Organizations: WASHINGTON, Federal Communications Commission, FCC, Freedoms, Innovators, Communications Locations: America, Big Tech, China
Traders work on the floor of the New York Stock Exchange during the morning trading on November 07, 2024 in New York City. Stock futures are little changed Monday night as investors await key earnings from retailers and chipmaker Nvidia this week. S&P futures shed about 0.05%, while Nasdaq 100 futures traded marginally lower. About 93% of S&P 500 companies have reported quarterly results so far, with three-quarters exceeding expectations and more than 60% beating revenue estimates, according to FactSet. The tech-heavy Nasdaq Composite gained 0.6%, snapping a four-day losing streak, while the S&P 500 added about 0.4%.
Persons: Stocks, Andrew Slimmon, Morgan Stanley Organizations: New York Stock Exchange, Stock, Nvidia, Dow Jones Industrial, Nasdaq, Trump Media & Technology Group, Walmart, Blackwell, Dow Jones, Morgan Stanley Investment Locations: New York City
AdvertisementRolls-Royce is in talks with potential customers for its nuclear reactors, per the Financial Times. The company said the reactors could provide energy for data centers, mining, and space missions. Rolls-Royce is in early-stage talks with potential customers for its compact nuclear reactors, which are designed to power data centers on Earth and one day to be sent into space, the Financial Times reported. Big Tech companies — including Google, Amazon, and Microsoft — have expressed interest in nuclear power to meet AI's high energy demands. In July 2024, Rolls-Royce was awarded funding from the agency's National Space Innovation Programme, or NSIP, for space nuclear power.
Persons: Royce, Jake Thompson, Microsoft —, Thompson Organizations: Financial Times, Business, Big Tech, Google, Microsoft, Royce, UK Space Agency, Innovation
Tech jobs are mired in a recession
  + stars: | 2024-11-18 | by ( Aki Ito | ) www.businessinsider.com   time to read: +9 min
But ask white-collar professionals who are actually looking for a job, and they'll tell you horror stories that are eerily similar to Bach's. As I wrote last spring, that's because the job market has essentially split into two distinct tiers. AdvertisementNow, new data from LinkedIn — which tracked how often its users landed new jobs — shows which white-collar jobs are being hit the hardest. AdvertisementAnother reason tech companies are hiring fewer professionals is that their existing employees are opting to stay put. "We're slowly, slowly recovering," says Art Zeile, the CEO of Dice, a tech job board.
Persons: Jon Bach, Bach, I've, that's, Kory Kantenga, , they'd, Jenny Diani, Jon Stross, Santiago Rodriguez, it's, we're, We're, Zeile, Dice, Aki Ito Organizations: eBay, LinkedIn, Autodesk, Google, Business Locations: coders, Silicon Valley
Founded in 2013, Canva was valued recently at $32 billion, a drop from its peak of $40 billion in 2021. Canva is generating about $2.5 billion in annualized revenue and boasts 220 million monthly users. Steckelberg held financial positions at Cisco and was CEO of online dating company Zoosk before joining Zoom in 2017. Steckelberg announced her departure from Zoom in August after seven years at the company. Canva's previous finance chief Damien Singh resigned in February after the company said it was conducting an internal investigation surrounding inappropriate behavior.
Persons: Kelly Steckelberg, John Ritter, Canva, Klarna, Zoom, Steckelberg, Michelle Chang, Damien Singh Organizations: John, John Ritter Foundation, Relics, Adobe, Nasdaq, U.S . Securities, Exchange Commission, Cisco, Zoom Locations: Van Nuys , California, Austin , Texas, Sydney, Australia
AI helping to fight wildfires
  + stars: | 2024-11-18 | 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 EmailAI helping to fight wildfiresAs wildfires continue to ravage the country, Julia Boorstin takes a look at how tech companies are offering new AI-powered tools to help identify fires at the earliest stages to prevent them from spreading.
Persons: Julia Boorstin
AdvertisementSiddharth Kashiramka joined Amazon in 2022 as a product manager for AI projects. He worked as a product manager at Capital One and was previously a consultant at PwC. Show variety: Throughout the résumé, Kashiramka used a range of keywords, including "leveraged," "delivered," "established," and "collaborated." One page résumé: "I think the résumé should be one page," he said about keeping the document short. Kashiramka is a senior product manager at Amazon's office in Crystal City, Virginia.
Persons: Siddharth Kashiramka, Alicia Tillman, Kashiramka Organizations: Amazon, Capital, Big Tech, ATS, Meta, Google, PwC, Business Locations: Virginia, Seattle, Crystal City , Virginia
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
Steve Jobs had apparently had mixed feelings about Apple entering the TV market before his death. Apple cofounder Steve Jobs reportedly made it clear before he died that Apple wouldn't pursue its own television set, but the company may now be revisiting the idea over a decade later. Jobs reportedly told biographer Walter Isaacson that he'd "finally cracked" how to make TVs simpler to use. In 2014, writer and former Apple beat reporter Yukari Iwatani Kane wrote in her book, "Haunted Empire: Apple After Steve Jobs," that Jobs told top Apple employees in 2010 that the company wouldn't be making a TV set. Apple's services business, which includes Apple TV+ subscriptions, has boomed in recent quarters.
Persons: Steve Jobs, Apple hasn't, Jobs, Walter Isaacson, he'd, Isaacson, Apple, it's, Yukari Iwatani Kane, Ted Lasso Organizations: Apple, Bloomberg, Apple Intelligence
Trump taps Brendan Carr to chair Federal Communications Commission
  + stars: | 2024-11-18 | by ( ) www.cnbc.com   time to read: +1 min
Brendan Carr speaks during a House Committee on Energy and Commerce Subcommittee on Communications and Technology Hearing titled Connecting America. President-elect Donald Trump will tap Brendan Carr, a critic of the Biden administration's telecom policies and Big Tech, as chairman of the Federal Communications Commission, he said in a statement on Sunday. Carr, 45, is currently the top Republican on the FCC, the independent agency that regulates telecommunications. Last week, Carr wrote to Meta's Facebook, Alphabet's Google , Apple and Microsoft saying they had taken steps to censor Americans. Trump also sued CBS over its "60 Minutes" interview with Vice President Kamala Harris.
Persons: Brendan Carr, Donald Trump, Carr, Joe Biden's, Disney's, Trump, Kamala Harris Organizations: Energy, Communications, Technology, Biden, Big Tech, Federal Communications Commission, Republican, FCC, Elon, SpaceX, Commerce Department's, Facebook, Google, Apple, Microsoft, Sunday, Disney's ABC, NBC, Paramount, CBS
CNBC's Jim Cramer made the case for owning Tesla stock, saying it's worthwhile not because President-elect Donald Trump reportedly wants to relax U.S. self-driving rules, but because of CEO Elon Musk himself. "While I don't buy the national self-driving mandate, I think nothing truly dulls the case for owning Tesla," he said. "The Musk premium will work its magic in other ways, perhaps favorable municipalities and Tesla rentals next to federal highways." But Cramer suggested that the Trump team's plans for autonomous vehicles might be easier said than done. Cramer also stressed that Tesla stands apart from its EV peers because of its tech focus.
Persons: CNBC's Jim Cramer, Donald Trump, Elon Musk, Tesla, Trump, Cramer, Elon, Trump's Organizations: Bloomberg, Trump, Barclays, SpaceX
SINGAPORE — Chinese tech giant Tencent is increasingly leveraging its WeChat super-app ecosystem to set itself apart from dominant global cloud service players, Tencent Cloud CEO Dowson Tong said. Super app platforms are often developed using cloud infrastructure to provide scalability, reliability, and efficient resource management. For example, Cambodia's Canadia Bank partnered with Tencent Cloud to launch a new mobile banking app in 2023. For instance, Amazon specializes in e-commerce, cloud services, and streaming, but does not have a single app integrating these services. Similarly, Microsoft offers enterprise solutions such as Office 365 and gaming, but lacks a comprehensive consumer-facing super app.
Persons: Dowson Tong, Tong Organizations: Tencent, CNBC, Singapore Fintech, Microsoft, Web Services, Google, Synergy Research, Cambodia's Canadia Bank, Amazon Locations: WeChat, China, SINGAPORE, Singapore
He's the author of the FCC chapter of Project 2025, which hopes to cut Big Tech's immunity for content moderation. Carr's stance on Big TechIn his Project 2025 chapter, Carr writes that one of his four main goals for the FCC is "Reining in Big Tech." His interpretation of the section would give Big Tech immunity only against being compelled to take down content. AdvertisementHe proposed that Big Tech firms be compelled to make public their traffic and monetization algorithms, saying they now operate in a "black box." Carr's two other points in his Project 2025 chapter are to increase accountability measures for federal tech programs and to drive hard to develop 5G infrastructure.
Persons: Donald Trump, Brendan Carr, Carr, that's, Trump Organizations: Federal Communications Commission, FCC, Republican, Republicans, Department of Education, Innovators, Big Tech, Communications, Universal Service Fund, China's Locations: America, Big Tech, China, Russia, Iran
Shares of Samsung Electronics jumped on Monday after the company unveiled a surprise plan to buy back about 10 trillion South Korean won ($7.19 billion) worth of its own stock over the next 12 months. Samsung last bought back shares in November 2017, according to data maintained by LSEG. In a regulatory filing, the company said that 3 trillion won of shares will be bought back in the next three months and canceled. While the repurchase of the remaining 7 trillion won worth of shares will be "authorized accordingly by the Board, which will decide on ways to enhance shareholder value, including when and how to use the treasury shares," it added. According to South Korean media, SK Hynix is the first chipmaker in the world to supply fifth-generation HBM3E chips in March to Nvidia.
Persons: Donald Trump, — CNBC's Arjun Kharpal Organizations: Samsung Electronics, South Korean, South, Samsung, LSEG, Board, SK Hynix, Nvidia, CNBC Locations: Seoul, South Korean
AdvertisementA federal judge ruled in August that Google violated antitrust law to keep a monopoly on search. DOJ officials reportedly plan to ask a judge to force Google to sell Chrome. Officials from the DOJ are reportedly planning to ask a judge to force Google to sell its Chrome browser. Business Insider previously reported Google's total search revenue was $279.8 billion in 2022. Representatives for the Department of Justice did not immediately respond to a request for comment from Business Insider.
Persons: Amit Mehta, Lee, Anne Mulholland, Peter Cohan Organizations: Google, Justice, DOJ, Chrome, Bloomberg, Prosecutors, Department of Justice, Business, Google Services, Babson College
Goldman Sachs' Sung Cho is bullish on software in 2025
  + stars: | 2024-11-18 | 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 EmailGoldman Sachs' Sung Cho is bullish on software in 2025Sung Cho, Goldman Sachs co-head public tech investing, joins 'Closing Bell' to discuss the tech trade and earnings.
Persons: Goldman Sachs, Sung Cho
28 details you probably missed in 'Clueless'
  + stars: | 2024-11-18 | by ( Amory Rose | ) www.businessinsider.com   time to read: 1 min
Cher seems to forget about her high-tech closet throughout the film. Cher's closet can pick out outfits for her. Paramount PicturesCher's massive wardrobe and fantastic outfits have become iconic, and most "Clueless" fans probably dreamt of owning the computer program Cher uses to put together her famous yellow plaid outfit at the beginning of the film. The program allows her to click between tops and bottoms that she owns to see what the combination will look like, and it can even tell her if the outfit will match or clash. Although she has this useful application and struggles to pick outfits throughout the film, Cher never uses this high-tech closet's program again.
Persons: Cher Organizations: Paramount Pictures
Tesla shares jumped on Monday following a report that President-elect Donald Trump's transition team are planning to make a federal framework to regulate self-driving vehicles a top priority for the U.S. Transport Department. ET, Tesla stock was up 7.98% in U.S. premarket trading after the release of the Bloomberg News report, which cited unnamed sources familiar with the matter. CNBC could not independently verify the report and has requested comment from the Trump team and from the National Highway Traffic Safety Administration, a Transportation Department unit tasked to oversee self-driving technologies. Full Self-Driving, or FSD, is Tesla's premium driver assistance system, currently available in a "supervised" version for Tesla electric vehicles. Trump's transition team is reportedly looking for policy leaders for the Transportation Department to develop a federal regulatory framework for self-driving vehicles, according to Bloomberg.
Persons: Elon Musk, Donald Trump, Tesla, Donald Trump's, Musk, Vivek Ramaswamy, Google's, Emil Michael, Sam Graves of, Garret Graves Organizations: Republican, U.S . Transport Department, Bloomberg, CNBC, Trump, National, Traffic Safety Administration, Transportation Department, White, Government, FSD, Uber Locations: Butler , Pennsylvania, U.S, Texas, California, Sam Graves of Missouri, Garret Graves of Louisiana
Figures released Monday by the New Jersey Division of Gaming Enforcement show the casinos and their online partners won $213.6 million in October, surpassing September's previous record of $208 million. The swing toward internet gambling and away from in-person casino gambling accelerated during the pandemic, and is becoming a more permanent feature of New Jersey's gambling landscape. He also noted that internet gambling revenue exceeded $200 million for the second straight month. In terms of in-person gambling revenue, Borgata won $53.4 million, down 6.1% from a year earlier; Hard Rock won $40.8 million, down 1%; Ocean won $32.8 million, down over 24%; Tropicana won $17.6 million, up 7.4%; Harrah's won $15.7 million, down 11.5%; Caesars won just under $15 million, up 4.1%; Resorts won $12 million, down over 9%; Bally's won $11.4 million, down 7.8%; and Golden Nugget won $9.6 million, down over 20%. When internet and sports betting money is included, Borgata won $106.1 million, up 5.8%; Resorts won $88.7 million, up nearly 19%; Golden Nugget won $76.7 million, up nearly 25%; Hard Rock won $55.1 million, up 6.2%; Ocean won $39 million, down nearly 19%; Bally's won $23.1 million, up 17.2%; Tropicana won $17.7 million, up 9.1%; Harrah's won $15.8 million, down 10.6%; and Caesars won $15.2 million, up 1.5%.
Persons: Ocean —, Jane Bokunewicz, Lloyd Levenson, , James Plousis, Borgata, Harrah's, Bally's, Wayne Parry Organizations: CITY, Atlantic, New, New Jersey Division of Gaming Enforcement, Ocean, Stockton University, New Jersey Casino Control, Tropicana, Caesars, Resorts, Golden Nugget, Golden, Associated Press Locations: N.J, Atlantic City, New Jersey
The big storyA Copilot conundrumMicrosoft; Chelsea Jia Feng/BIMicrosoft's challenges with its flagship AI product could be another red flag for an industry with high hopes for the tech. Earlier this year, analysts at Barclays highlighted an under-the-radar risk to AI bets: the depreciation costs related to AI chips . A potential Trump trade plan beneficiary: US semiconductor jobs. If Trump's proposed trade plan is enacted, the American semiconductor industry could see hiring growth. Walmart might be just fine under Trump's proposed trade plan.
Persons: Copilot, Chelsea Jia Feng, Insider's Ashley Stewart, Satya Nadella didn't, doesn't, Ashley, It's, Sam Altman, Alistair Barr, Alyssa Powell, Jared Spataro, OpenAI, Biden, Carlyle, Will Matt Gaetz, Will Trump, Rob Arnott, Arnott, ANGELA WEISS, Trump's, Ilya Sutskever, Mira Murati, Rebecca Zisser, homebuyers, Trump, Bob Iger, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, New York.Milan Sehmbi Organizations: Business, Microsoft, Chelsea, Getty, Lumen Technologies, Barclays, Trump, Treasury, UFC, Republican, Getty Images, Elon, Spirit Airlines, JetBlue, Walmart, Walmart US, Shoppers, The Locations: Ukraine, Russia, Rio de Janeiro, New York, Chicago, London, New York.Milan
ServiceTitan, a company that sells software to contractors such as plumbers and roofers, on Monday filed to go public on the Nasdaq under the ticker symbol "TTAN." The filing suggests that investors could be getting more interested in next-generation software companies. Based in Glendale, California, ServiceTitan offers cloud software for advertising, scheduling jobs, dispatching, producing invoices and taking payments. ServiceTitan's revenue growth rate will stand out for people investing in cloud stocks, who have seen rates sag with few new public companies in the sector. The average growth rate for Bessemer's Nasdaq Emerging Cloud Index, the basis for the WisdomTree Cloud Computing Fund, is 16.6%.
Persons: chipmaker Cerebras, Ara Mahdessian, Vahe Kuzoyan, Goldman Sachs, Morgan Stanley, Wells, Adena Friedman Organizations: Nasdaq, Revenue, Computing Fund, Investors, Battery Ventures, Bessemer Venture Partners, Iconiq, TPG, SAP, Citigroup, underwriters Locations: U.S, Glendale , California, Wells Fargo
Thomas Plantenga, CEO of used fashion resale app Vinted, on center stage during Web Summit 2024 in Lisbon, Portugal. The Republican politician's victory was a key topic on various prominent tech bosses' lips at the Web Summit conference in Lisbon, Portugal. "It's time for Europe to step up," Yen told CNBC on the sidelines of Web Summit. US Big Tech 'playing extremely unfairly'However, Proton's Yen urged the EU not to water down its push to rein in America's tech giants. 'AI sovereignty' now a key battlegroundAnother theme that attracted much chatter on the ground at Web Summit was the idea of ​​"AI sovereignty."
Persons: Thomas Plantenga, Harry Murphy, Donald Trump's, Andy Yen, Yen, Trump, Proton's Yen, Mitchell Baker, Baker, it's, Plantenga, we'll, OpenAI, Christian Kroll, Shelley McKinley, GitHub, McKinley Organizations: Web, Getty Images, Portugal — Tech, Big, Republican, Proton, CNBC, European Union, Apple, Microsoft, Meta, Markets, US Big Tech, Mozilla Foundation, Google, Trump Locations: Lisbon, Portugal, Getty Images LISBON, Europe, America, EU, Lithuania
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