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Cisco, NFL And The Premier League Are Picking Adobe Over OpenAI Because of Its 'Commercially Safe' Models Says ADBE's David Wadhwani
Friday, June 13, 2025 - 12:00pm | 798The new generative AI offerings of Adobe Inc. (NASDAQ:ADBE) are finding a lot of takers among enterprise customers, who prioritize intellectual property safety. What Happened: During the company’s second quarter results on Thursday, Adobe’s President of Digital Media, David Wadhwani,...
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Murdoch Succession Plan Faces Setback As Commissioner Rejects Eldest Son's Control
Monday, December 9, 2024 - 5:47pm | 532Rupert Murdoch's attempt to change the billion-dollar family trust to favor his eldest son, Lachlan, hit a roadblock. What Happened: In a ruling that reads like an episode of “Succession,” Commissioner Edmund J. Gorman Jr. essentially threw cold water on Murdoch's trust fund shuffle....
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Jeff Bezos Ends Washington Post's 36-Year Tradition Of Endorsements, Leaving Staff 'Roiled'
Friday, October 25, 2024 - 4:50pm | 878The Washington Post, which is owned by billionaire Jeff Bezos, is the latest newspaper to be caught up in controversy over not endorsing a political candidate in the 2024 presidential election. The newspaper announced Friday it will not endorse a candidate in the race. What Happened: The Washington...
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Rupert Murdoch's Dow Jones, New York Post Sue Jeff Bezos-Backed Perplexity For Copyright Infringement, Accuse AI Firm Of 'Massive Freeriding'
Monday, October 21, 2024 - 10:03pm | 619Rupert Murdoch’s Dow Jones and the New York Post have initiated legal proceedings against Jeff Bezos-backed AI firm Perplexity, alleging unauthorized use of their content and redirection of traffic to its platforms. What Happened: On Monday, the News Corp (NASDAQ:NWSA)-owned entities claimed...
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Rupert Murdoch's Family Court Battle Over Fox Control Mirrors 'Succession' Drama
Monday, September 16, 2024 - 11:28am | 833Award-winning HBO series "Succession," which centered on a media company's patriarch struggle to find a successor for his company was a work of fiction that was well loved by viewers. The real-life story that inspired the hit show is set to play out in court beginning this week. What Happened: A...
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Rupert Murdoch Ties The Knot For The Fifth Time With Molecular Biologist Elena Zhukova
Monday, June 3, 2024 - 1:12am | 341Media magnate Rupert Murdoch has married Elena Zhukova, a former molecular biologist, in a private ceremony at his California vineyard. The nuptials took place on Saturday at Murdoch's Moraga Vineyards, with family and close friends in attendance. The event was confirmed by News Corp., the media...
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Musk, Murdoch, And Stallone's Ruth Bader Ginsburg Awards Revoked After Barbra Streisand Objects
Tuesday, March 19, 2024 - 6:11pm | 729Billionaire Elon Musk has won many awards and accolades over the years thanks to his entrepreneurial spirit and leadership of several of the most well-known companies in the world. But now a previously announced award Musk was set to receive has been cancelled after backlash. What Happened: Musk...
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Rupert Murdoch Stepping Down Might Be A Boost For Joe Biden's Media Favorability, Says Expert
Friday, September 22, 2023 - 12:43am | 510Media tycoon Rupert Murdoch has handed in his resignation, potentially benefiting U.S. President Joe Biden. Michael J. Socolow, a Professor of Communication and Journalism at the University of Maine, expressed his views in an opinion piece in The Conversation, on the media mogul...
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Rupert Murdoch To Step Down As Chairman Of Fox, News Corp
Thursday, September 21, 2023 - 10:14am | 547Rupert Murdoch will step down as chairman of Fox Corp (NASDAQ: FOXA) and News Corp (NASDAQ: NWSA), the media conglomerate announced Thursday. What To Know: Murdoch, 92, will depart from his role as chairman of the board at both Fox and News Corp following a nearly 70-year career. He...
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New Book Reveals How Rupert Murdoch's Miscalculations On Dominion Lawsuit Cost Him Over $700M
Wednesday, September 20, 2023 - 12:24am | 473Media mogul Rupert Murdoch underestimated the cost of the Dominion lawsuit to Fox News by a staggering amount, according to a new book by journalist Michael Wolff, The Guardian reported In winter 2022, Murdoch anticipated Fox News would lose $50 million due to the lawsuit filed by...
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Trump Challenges Biden, Murdoch To Mental Acuity Showdown, Doesn't Spare Wall Street Journal, Fox In Tirade
Sunday, September 10, 2023 - 9:16pm | 669Former President Donald Trump took to Truth Social on Tuesday, criticizing both the Wall Street Journal and Fox News. In a series of posts, Trump challenged several prominent figures, including President Joe Biden and media mogul Rupert Murdoch, to undergo a mental acuity test. What Happened: Trump...
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News Corp's AI Future: Digital Is Up, Profit Is Down As Murdoch Looks To Cut Costs
Friday, August 11, 2023 - 11:59am | 725Artificial intelligence (AI) is expected to play a major role in News Corp's (NASDAQ: NWS) future on the heels of a disappointing fourth-quarter earnings report. What Happened: Digital revenues accounted for more than 50% of total revenues for the full year. That's a first for the...
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Meta's News Breakup: Is Facebook's Love For The Media Over?
Thursday, July 20, 2023 - 5:36am | 807In a not-so-surprising turn of events, Meta Platforms Inc. (NASDAQ:META), the parent company of Facebook, has reportedly taken a decisive step that could mark the end of its longstanding association with the news industry. What Happened: Meta had attempted to placate...
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Rupert Murdoch Losing Confidence In DeSantis Defeating Trump, Sources Say: 'DeSantis Is Underperforming, Anybody Can See That'
Wednesday, July 12, 2023 - 7:13pm | 946Several billionaires and big-name Republican supporters have been planning to fund campaigns against former President Donald Trump in the 2024 election. One of the biggest names is now backing away from support of Florida Gov. Ron DeSantis and could be back to the drawing board. What...
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Rupert Murdoch's Fox News Settles $12M Gender Discrimination Lawsuit
Saturday, July 1, 2023 - 1:05am | 502Amid a series of high-profile legal battles, media mogul Rupert Murdoch‘s Fox Corp. (NASDAQ:FOX) has settled a $12-million gender discrimination lawsuit, further deepening the scandal surrounding the empire. What Happened: Fox News has reached a staggering $12 million settlement in a gender...