Tech
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Disney Forms Business Unit Focused on Use of AI, Mixed Reality
The Office of Technology Enablement, led by Walt Disney Studios CTO Jamie Voris, comes after TheWrap exclusively reported a major AI initiative was in the works
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Trade War? Tariffs? How A Trump Election Would Change Tech
Breaking down how Trump might impact Apple, semiconductors, and ecommerce should he be elected and implement the tariffs he’s proposed.
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Tech
Available to WrapPRO members
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Apple’s Profit Drops 36% as Tech Giant Pays $10 Billion to Resolve European Tax Issue
Despite the one-time charge, the iPhone maker reported a Q4 record of $94.9 billion in sales
Available to WrapPRO members
Tech
Available to WrapPRO members
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Former NATO Heads Launch Database to Connect Indie Filmmakers With Movie Theaters
John Fithian’s consulting firm will launch the Alpha version of its new service Attend with Vista Group in early 2025
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Meta Posts Record $15.7 Billion Profit as Net Income Balloons 35% in Q3
CEO Mark Zuckerberg says the Facebook parent company will continue to invest in AI and virtual reality because the upside is “really big”
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Tech
Available to WrapPRO members
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Disney+ Launches Top 10 Movies and Shows in App
Viewership won’t be the “sole determining factor” for what shows up in your personal Top 10 Today
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Snapchat’s Stock Jumps 15% on Q3 Report, Share Buyback Plan
The pictures-and-video app now has 443 million daily active users
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YouTube Posts Second-Best Quarter Ever With $8.9 Billion in Sales
The Alphabet-owned platform credits AI with helping it better recommend videos to viewers
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Tech
Available to WrapPRO members
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SAG-AFTRA Reaches Deal on AI Protections With Digital Replica Company Ethovox
The company, owned and run by voice actors, will guarantee consent and compensation for union members with whom it works
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Meta Builds AI Search Engine to Reduce Its Dependency on Google and Bing
Instagram and Facebook’s AI chatbot will scan the web for its own answers, The Information reports
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SAG-AFTRA Video Game Contract Talks Extended, New Dates TBA
News comes days after the guild announces more than 120 games have signed on to the union’s tired budget or interim agreements
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Four Truths About OpenAI’s Wild Financial Position
A peek inside OpenAI’s books shows a company losing money fast and coming up with novel profitability calculations. Is it sustainable?
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Tech
Available to WrapPRO members
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Rich Get Richer: Elon Musk’s Net Worth Rockets $27 Billion Higher on Strong Tesla Earnings
The industrialist is now worth $270.4 billion, boosted by an electric quarter for his car company
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Elon Musk’s $1 Million Voter Incentive May Be Illegal, Justice Department Warns
The DOJ is looking into America PAC’s offer to registered voters who sign a petition
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Facebook Oversight Board Unblocks Harris-Walz ‘Dumb and Dumber’ Meme as Political Satire
The image is “nothing more than a commonplace satirical image,” members of the board determine
