John Foley gets real about Peloton crash & latest venture, Ernesta
John Foley believes his best days are yet to come. Many of Foley’s former investors and employees from Peloton, the fitness company he founded in 2012 and exited a decade later, are also joining his new venture, custom rug company Ernesta. While lugs are an unexpected next step after creating a fitness giant, Foley says […]
Disney, Fox, Warner Bros. sports streaming venture temporarily blocked by judge
A federal judge on Friday halted plans by Walt Disney Co., Fox Inc. and Warner Bros. Discovery to launch a new sports streaming platform, saying FuboTV is likely to succeed in proving its argument that the partnership is anti-competitive. In her ruling, U.S. District Judge Margaret Garnett in New York said a temporary injunction blocking […]
Volkswagen to invest $5B in Rivian, form joint venture
Rep. Mariannette Miller-Meeks, Republican of Iowa, talks to “The Evening Edit” about lawmakers’ concerns about China profiting from EVs. German automaker Volkswagen will invest up to $5 billion in electric vehicle startup Rivian, the companies announced Tuesday. The two companies said they aim to develop “next-generation electric architectures and best-in-class software technologies” for EVs through […]
Auto leaders’ venture company picks North Carolina global headquarters
A venture formed by seven of the world’s largest automakers plans to set up its global headquarters in North Carolina after receiving more than $3 million in taxpayer subsidies as potential compensation. IONNA says it was formed with the goal of “redefining, leading, innovating, creating and driving charging as an end-to-end integrated customer experience” in […]
‘Prepared to Lose Friends:’ Silicon Valley Venture Capitalist Explains Why He Just Donated $300K to Donald Trump
In a move that could cost him friends and business opportunities, Sequoia Capital partner and former Hillary Clinton supporter Sean Maguire has donated $300,000 to Donald Trump’s 2024 presidential campaign. in Post to X (formerly Twitter)Although Maguire supported Hillary Clinton in the 2016 election and abstained from voting in the 2020 election, he believes this […]
Fox, Disney, Warner Bros. Discovery sports-streaming venture to be called Venu Sports
The upcoming sports streaming service from Walt Disney, Warner Bros. Discovery and Fox, called Venu Sports, is on track to launch this fall, company CEO Pete Distad said. Told. Said Thursday. Announced in February, the service brings together the companies’ extensive portfolio of professional and college sports rights, including the National Football League, National Basketball […]
Danson, Harrelson, Stewart among the latest to venture into podcasting
Stars known for their film roles are entering the podcast world, including Ted Danson, Woody Harrelson, and Jon Stewart. Danson and Harrelson have signed up for “Where Everybody Knows Your Name with Ted Danson and Woody Harrelson (Sometimes),” which launches June 12 on SiriusXM. Jerry Seinfeld asks Howard Stern for forgiveness after suggesting he wasn’t […]
xAI, Elon Musk’s AI Venture, Raises $6 Billion to Take on OpenAI
Elon Musk’s artificial intelligence startup xAI, which aims to rival ChatGPT developer OpenAI, raises a massive $6 billion funding round that values the 10-month-old company at a staggering $18 billion. is scheduled to be completed. tech crunch report Reliable sources close to the deal say xAI’s funding round is expected to close in the coming […]
Google AI venture to help military with disaster response
XPRIZE Foundation Founder and Executive Chairman Peter Diamandis discusses the pros and cons of AI on “The Claman Countdown.” Ann Artificial intelligence (AI) A Google-backed venture is partnering with the military to use AI to respond to natural disasters. Bellwether, a team that is part of Google’s parent company Alphabet’s X Innovation Hub, said Wednesday: […]
WNBA Begins Multi-Year Joint Venture with Birth Control Pill
The WNBA and the maker of the first over-the-counter contraceptive pill began a multi-year partnership Tuesday, with an official debut scheduled for next week’s 2024 WNBA Draft. WNBA and Perrigo press release FOX News Announces New Partnership to Focus on League’s Efforts This Season Highlights ‘Civic Engagement and Reproductive Health Advocacy’ report. “The WNBA is […]