Workflow
Business Insider
icon
Search documents
Disney is in a no-win situation — and Bob Iger's legacy depends on getting it right
Business Insider· 2025-09-23 18:12
Jimmy Kimmel is back on ABC, but Bob Iger's reputation might not get a ratings boost. Disney's decision to reinstate Kimmel's show after benching him over comments he made in the wake of the killing of political activist Charlie Kirk might have quieted some critics, but it didn't signal the final act for the drama starring Disney's CEO.Soon after Disney announced the return of "Jimmy Kimmel Live!," two top ABC affiliate operators, Sinclair Broadcasting Group and Nexstar Media Group, said they would continu ...
Disney has another announcement: Its streaming prices are going up
Business Insider· 2025-09-23 17:59
Some Disney subscribers may see the price of their streaming plans increase next month. The media giant said it plans to raise the price of select Disney+ subscriptions, including the entry-level plan, by $2 to $3 starting October 21. The change is also set to impact bundle deals with other streamers like ESPN, Hulu, and more. ...
The big challenge to OpenAI's $100B deal with Nvidia: Access to power
Business Insider· 2025-09-23 16:30
Core Insights - Nvidia plans to invest $100 billion in OpenAI, providing access to 10 gigawatts of high-powered GPUs to support OpenAI's growth strategy in AI [1][5] - The deal highlights a significant challenge in the AI race: access to electricity, as the US power grid is already strained by data center construction [3][4] - OpenAI's deal with Nvidia emphasizes the need for infrastructure, including chips, data centers, and electricity, to develop and commercialize AI effectively [5][21] Investment and Infrastructure - The US power grid is under pressure, with utilities reporting a need for approximately 60 gigawatts of new power to support new data centers by the end of the decade [4] - The addition of 10 gigawatts of demand from OpenAI would be comparable to the power load of New York City at its summer peak [3] - The construction pipeline for new data centers has seen a 17.5% decline, with 5.2 gigawatts underway in prime US markets, primarily due to power access limitations [13] Challenges and Solutions - Limited access to power is described as "the silent bottleneck" hindering Big Tech's AI ambitions [6] - Data centers face regulatory and financial hurdles when connecting to the power grid, complicating their ability to meet skyrocketing demand [7] - Some data center operators are bypassing public utilities by building their own on-site power plants, as seen with the Stargate site in Abilene [19] Strategic Moves - Experts view the Nvidia-OpenAI deal as a strategic move to solidify both companies' positions as leaders in AI [21] - The tech industry is encouraged to innovate solutions for the power problem, with significant investments in emerging energy technologies like hydrogen fuel cells and nuclear fusion [20] - Despite current challenges, there is optimism that the power issue will be resolved due to the high stakes involved in AI development [22]
Nexstar joins Sinclair, says it won't air Jimmy Kimmel
Business Insider· 2025-09-23 15:06
Nexstar Media Group, one of the nation's largest local TV station owners, said it will continue to preempt "Jimmy Kimmel Live!" ahead of the show's return. "We made a decision last week to preempt 'Jimmy Kimmel Live!' following what ABC referred to as Mr. Kimmel's 'ill-timed and insensitive' comments at a critical time in our national discourse," Nexstar said in a statement Tuesday. "We stand by that decision pending assurance that all parties are committed to fostering an environment of respectful, constr ...
Spirit has already axed flights and asked pilots to take a pay cut. Now it's furloughing 1,800 flight attendants.
Business Insider· 2025-09-23 14:52
Spirit Airlines said it will furlough about one-third of its flight attendants as the budget carrier struggles to survive its second bankruptcy in less than a year. About 1,800 of Spirit's roughly 5,200 flight attendants will be affected, with involuntary furloughs set to take effect on December 1."As part of our ongoing restructuring, we are taking steps to align staffing with our fleet size and expected flight volume," the airline said in a statement to Business Insider. "We recognize the impact of this ...
FCC Chair Brendan Carr defends ABC affiliate that's not showing 'Jimmy Kimmel Live!' despite his reinstatement
Business Insider· 2025-09-23 13:39
Federal Communications Commission Chair Brendan Carr has defended the ABC affiliate that won't show "Jimmy Kimmel Live!" despite the broadcaster reinstating the late-night star. In an X post on Tuesday, Carr said it was "a good thing" that "any local TV stations have pushed back on a national programmer like Disney," which is ABC's owner."After all, local TV stations—not the national programmers—have public interest obligations, and they should be making decisions that in their view meets the needs of thei ...
Sinclair says it won't air Jimmy Kimmel on its stations after Disney announced his return
Business Insider· 2025-09-22 23:25
Core Viewpoint - Sinclair will not air "Jimmy Kimmel Live!" on its ABC affiliate stations, opting instead for news programming following Disney's announcement of the show's return [1] Group 1 - Sinclair's decision to preempt "Jimmy Kimmel Live!" is part of ongoing discussions with ABC regarding the show's potential return [1] - The company announced the change in programming through a statement posted on X [1]
Nvidia plans to invest $100 billion into OpenAI. That's uh, a lot of money.
Business Insider· 2025-09-22 20:26
Core Insights - Nvidia plans to invest up to $100 billion in OpenAI to develop AI data centers, creating 10 gigawatts of capacity using Nvidia's chips [1] - Following the announcement, Nvidia's stock increased by 4%, indicating positive market sentiment [1] - The scale of the investment is significant, with $100 billion being a substantial amount even for large corporations [2] Investment Details - The investment will enable the construction of AI data centers that are crucial for powering OpenAI's AI technologies [1] - The 10 gigawatts of data center capacity is equivalent to Nvidia's expected total shipments for the year, highlighting the magnitude of the investment [1] Market Context - The financial landscape for AI investments is rapidly expanding, with reports of Sam Altman seeking up to $7 trillion for infrastructure projects in the UAE [2]
Jimmy Kimmel is returning to the air, Disney says
Business Insider· 2025-09-22 19:48
After ABC's decision last week to pull Jimmy Kimmel off the air "indefinitely," he's coming back. On Monday, Disney, which owns ABC, said the "Jimmy Kimmel Live!" host would return and the show would resume on Tuesday."Last Wednesday, we made the decision to suspend production on the show to avoid further inflaming a tense situation at an emotional moment for our country. It is a decision we made because we felt some of the comments were ill-timed and thus insensitive," the Walt Disney Company said in a st ...
Nvidia stock is up big on the company's OpenAI partnership — and it's pulling the whole market higher
Business Insider· 2025-09-22 18:58
Core Insights - Nvidia's stock increased by as much as 5% on Monday, contributing to a year-to-date gain of 36% in 2025 [1] - The rise in Nvidia's stock positively influenced major indexes, with the Nasdaq Composite up nearly 1% and the S&P 500 reaching a new record high [1] Partnership Details - Nvidia announced a partnership with OpenAI to develop new gigascale AI facilities utilizing Nvidia's hardware, with an investment of $100 billion from Nvidia [4] - OpenAI plans to build at least 10 gigawatts of AI data centers powered by Nvidia systems, with the first gigawatt expected to be operational in the first half of 2026 [4] Industry Impact - The partnership signals sustained momentum in AI investments, countering earlier concerns about potential pullbacks in the sector [10] - The construction of additional data centers marks a significant advancement for OpenAI in the pursuit of superintelligence, a key focus for tech leaders [10] Leadership Commentary - Sam Altman expressed confidence in achieving superintelligence and emphasized the importance of compute infrastructure for future economic development [11]