Apollo Global Offers $11 Billion to Buy Paramount Film and TV Studios: Report
Apollo Global Management, a major private-equity firm, has submitted an $11 billion bid to acquire Paramount Pictures and the Paramount TV studios group, according to a published report. The Wall Street Journal, citing anonymous sources, reported that Apollo Global offered $11 billion for Paramount Global’s film and TV studio business. That would apparently not include CBS, Paramount Global’s cable networks […]
Elon Musk’s Grok AI Will be Open-Source This Week
Elon Musk’s artificial intelligence company, xAI, is working to make its chatbot, Grok, open-source, in a move set to rival the widely-used ChatGPT developed by OpenAI.
Former PGA Tour Star Nick Price Calls LIV Golf ‘Unwatchable’
Three-time major champion Nick Price has a strong message for LIV Golf’s players who quit the PGA Tour after slamming the product served up by the breakaway circuit The former PGA Tour star Nick Price is not a fan of LIV Golf, claiming the Saudi Arabia-bankrolled breakaway tour will continue to struggle to attract fans.
Disney Movie Club Closing; SONY to Take Over Disney’s Physical Media Production
There are some significant developments happening within the home video industry of late, developments that I’ve been spending a lot of time investigating and really digging into these past few weeks here at The Digital Bits. And I can now confidently report that one of them is this: Disney and Sony have just inked a major deal for […]
Amazon Prime Video Ad Tier Sparks Class Action Lawsuit From Subscribers
The lawsuit takes aim at the ecommerce giant turning on ads for Prime Video users and charging them an additional fee for its ad-free tier.
Different Tunes for Fox, Disney as MVPDs Consider Streamer
Forget the question of how much this ESPN, Warner Bros. Discovery and Fox sports streamer will cost—we want to know what MVPDs think. They’re staying pretty quiet. For now. We’re assuming legal departments are busy going over every inch of carriage contracts today to see just what this means for their own video packages.
New AI Initiative Launched to Accelerate the Fight Against Neurodegenerative Diseases
Leading nonprofits come together to define how AI can help researchers to grapple with the daunting complexities of Alzheimer’s, Parkinson’s, and related disorders The 10,000 Brains Project, an independent 501(c)(3) nonprofit organization, has been launched to promote the ethical use of artificial intelligence (AI) in the fight against Alzheimer’s, Parkinson’s, and other neurodegenerative diseases. The […]
Brilliant Labs roles out AI “Frame” Glasses with Google-like Glass Display
Brilliant Labs, a developer of AI glasses, has announced the launch of its ‘Frame’ glasses that come with an integrated multimodal AI assistant. Frame offers hands-free access to next-generation AI, which enables users to amplify their human intelligence all within a lightweight package that comes in a slim form factor similar to that of stylish […]
Byron Allen submits $30 billion offer for Paramount Global, including debt
Media entrepreneur Byron Allen has submitted a $30 billion offer for Paramount Global, including debt and equity, Allen Media Group said in an emailed statement to Reuters on Tuesday. Bloomberg News, which first reported the news said Byron Allen made a $14.3 billion offer to buy all of the outstanding shares of Paramount Global, citing people familiar with his terms.
Elon Musk Tweets Neuralink has implanted brain chip called Telepathy into a human for the first time
Elon Musk tweeted on Monday that his company Neuralink has conducted its first brain implant called Telepathy in a human patient. Last May the U.S. Food and Drug Administration greenlighted a clinical study for Telepathy, the first human brain implant, and in September, Neuralink began accepting recruiting patients with conditions such as quadriplegia due to […]