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With Hollywood strapped for cash, Saudi Arabia is re-emerging as a key financial backer
NBC News· 2025-12-04 20:11
Core Insights - The entertainment industry is increasingly attracted to Saudi Arabian financing as traditional funding sources diminish due to the Covid pandemic and recent strikes [2][3] - Saudi Arabia aims to develop its own film industry and is investing heavily in Hollywood, with potential financing for major media mergers and new content studios [6][12] Group 1: Saudi Financing in Hollywood - Many Hollywood stars are receiving substantial payments to attend events like the Red Sea Film Festival, with reports suggesting payments could reach up to $2.5 million [4][6] - Saudi investments are also linked to significant deals, including a $60 billion bid for Warner Bros Discovery and a $1 billion independent content studio [6][7] - The Saudi Film Fund has rebranded as Riviera Content, offering a 40% tax incentive for productions in the kingdom, as part of its strategy to attract global studios [12] Group 2: Industry Reactions and Concerns - The relationship between Hollywood and Saudi Arabia is complicated by the kingdom's human rights record, leading to hesitance among industry insiders to publicly discuss these financial ties [3][9] - Despite the allure of funding, many actors are choosing not to attend the Red Sea Film Festival, indicating a potential backlash against Saudi investments [20] - The entertainment industry is aware of the criticism surrounding Saudi investments, with some talent facing backlash for participating in events funded by the Saudi government [18][19]
OnePlus Ace 6T Debuts as the World’s First Snapdragon 8 Gen 5 Smartphone, Starting at USD 335
Pandaily· 2025-12-03 23:24
Core Insights - OnePlus has launched the OnePlus Ace 6T, featuring the Snapdragon 8 Gen 5 mobile platform and the WindChase Gaming Engine, claiming to provide the only unlimited 165 fps gaming experience in its class [1][12][14] - The device boasts an 8,300mAh battery with 100W SuperVOOC charging, leading the industry in endurance [17][20] - OnePlus has reported a 42.3% increase in sales, maintaining the No.1 growth rate in the industry as of November 2025 [5] Product Features - The OnePlus Ace 6T is the first smartphone to ship with the Snapdragon 8 Gen 5, offering a 36% increase in CPU performance and an 11% increase in GPU performance compared to its predecessor [12][13] - The device supports native 165Hz gaming for major titles and includes proprietary GPU frame interpolation for games that do not natively support this refresh rate [14] - The Ace 6T features a 50MP Sony IMX906 sensor for enhanced imaging capabilities, including low-light and motion capture [27] Design & Durability - The Ace 6T is available in three colorways: Shadow Green, Flash Black, and Electric Violet, with a robust build that improves drop resistance by 160% and scratch resistance by 300% [9][11] - The device includes a TÜV Rheinland "Golden Label" Eye Comfort 5.0 certified display with hardware-level low blue light and ultra-low brightness [24] Pricing & Availability - The OnePlus Ace 6T is priced at RMB 2,399 (USD 335) and will be available starting December 5, 2025 [7] - The Genshin Impact Kamisato Ayaka Edition is priced at RMB 3,699 (USD 515) and goes on sale December 22, 2025 [7] Market Performance - The OnePlus 15 has surpassed the OnePlus 13 in sales, while the Ace 6 series has achieved new market share records in its price segment, with both models receiving 99% positive ratings on major e-commerce platforms [5]
Europe's bank-backed stablecoin; Ripple gets a win in Singapore
American Banker· 2025-12-03 20:24
Group 1: Euro-Backed Stablecoin Initiative - A consortium of European banks is working on a euro-backed stablecoin called Qivalis, which includes major banks such as BNP Paribas and CaixaBank [1][2][4] - Qivalis aims to launch in early 2026 under EU regulations, supporting real-time cross-border payments and settlements [2][4] - The initiative is seen as a response to the dominance of U.S. dollar-backed stablecoins, providing a local alternative for European businesses and consumers [4] Group 2: Stripe's Acquisition of Metronome - Stripe has acquired Metronome, a usage-based billing platform, to enhance its monetization capabilities [3][5] - Metronome has raised $128 million over four funding rounds, with a recent $50 million Series C round [5] - The partnership aims to integrate metered pricing into Stripe's offerings, which is expected to significantly impact revenue generation models [5] Group 3: Sony's Stablecoin Development - Sony is entering the stablecoin market by partnering with Bastion to provide services for its U.S. dollar-backed stablecoin [7][8] - The stablecoin is expected to launch in 2026 and will enhance payment options within the Sony Group ecosystem [9] - Sony's Innovation Fund has invested in Bastion, indicating a commitment to innovation in financial technology [10] Group 4: Ripple's Regulatory Approval in Singapore - Ripple Markets APAC has received expanded payment activity approvals from the Monetary Authority of Singapore [13][14] - This allows Ripple to sell payment products and settle payments in RLUSD and XRP, enhancing its operational capabilities in the region [13][14] Group 5: Mastercard's Agent Pay Launch - Mastercard plans to launch Agent Pay in Latin America and the Caribbean in early 2026, utilizing tokenization technology [15][16] - The initiative aims to enhance agent-led commerce and digital transformation in the region [17] Group 6: Kraken's Debit Card Introduction - Kraken is launching a debit card in the UK and EU that offers cashback rewards and allows spending from multiple balances [18][19] - The Krak Card follows similar offerings from other cryptocurrency exchanges, indicating a growing trend in the rewards card market [19] Group 7: AI in Cash and Liquidity Management - The Bank of International Settlements has found that generative AI models can effectively manage cash and liquidity in payment systems [20][21] - AI agents demonstrated the ability to maintain liquidity buffers and prioritize payments under various scenarios [22]
Banks Push Crypto Infrastructure Despite Policy Gridlocks
PYMNTS.com· 2025-12-03 19:13
Despite uncertainty, banks worldwide are designing stablecoins and tokenized-deposit systems, signaling incumbents’ push to shape the next generation of payments rails.Banks spent 2025 preparing major blockchain products for 2026, but U.S. regulatory movement — including still-unimplemented stablecoin rules under the GENIUS Act — has left institutions in a holding pattern.Global lenders are racing to commercialize digital-asset custody, viewing it as foundational infrastructure for tokenized securities, on- ...
Paramount Might Use Middle Eastern Oil Money to Finance Deal for WBD
Business Insider· 2025-12-03 18:27
Core Viewpoint - A potential merger between Paramount and Warner Bros. Discovery (WBD) could create a significant media conglomerate, potentially involving investments from the sovereign wealth funds of Saudi Arabia, Qatar, and Abu Dhabi [1][3]. Group 1: Deal Dynamics - David and Larry Ellison are leading the bid to acquire WBD, reportedly using funds from Middle Eastern sovereign wealth funds [1][3]. - Paramount is seen as the most likely candidate to acquire WBD, as it is offering to purchase the entire company, unlike competitors Netflix and Comcast, which are only interested in partial ownership [5]. - The involvement of Middle Eastern funds in the deal has been confirmed by multiple sources, including Bloomberg, despite previous denials from Paramount [2][3]. Group 2: Implications of Foreign Investment - The potential ownership stakes by Middle Eastern governments in a major American media company highlight a shift in the landscape of media ownership, which would have been unlikely a few years ago [4]. - The consolidation of media companies could amplify the influence of the remaining entities, as seen with CBS News and CNN, which may gain more power if combined [8]. - Historical precedents exist for foreign investments in American media, such as Japan's Sony and Saudi investor Prince Alwaleed bin Talal's stake in Fox, indicating that foreign ownership is not unprecedented [9]. Group 3: Public Perception and Concerns - The prospect of a foreign government controlling a stake in an American media conglomerate raises concerns about the implications for media independence and influence [7][10]. - The potential backlash against a Middle Eastern-backed media entity could be significant, especially given past controversies surrounding Saudi Arabia's actions [10].
With Philips and Sony already onboard, Spain’s TitanOS nets €50 million to scale its European connected-TV OS
EU· 2025-12-03 09:36
Titan OS, a Barcelona-based technology, entertainment, and advertising company, today announced it has raised €50 million in Series A funding to continue product improvements, building enhanced user experiences for the end consumer and ecosystem partners.The round was led by Highland Europe, with participation from Mangrove Capital Partners and other investors.Timothy Edwards, COO/Co-founder of TitanOS, comments: “We are honoured to have Highland Europe as our lead investor. This milestone reinforces our vi ...
AWS Uses re:Invent Day 1 to Unveil a Wave of AI Updates
PYMNTS.com· 2025-12-03 03:26
Core Insights - AWS is under pressure to demonstrate the effectiveness of its investments in AI infrastructure as competition with Microsoft and Google intensifies [1][3] - The success of AWS's AI strategy is crucial for Amazon's overall revenue and profit, with AWS generating $132 billion in revenue, growing 20% year over year [3] AI Infrastructure and Innovations - AWS introduced significant updates to Amazon Bedrock and launched new Nova models aimed at creating autonomous enterprise systems [4] - The company unveiled AI Factories, which provide dedicated AWS AI infrastructure to enterprises while ensuring data sovereignty and compliance [5] Customer Applications and Partnerships - Companies like Sony and Adobe are leveraging AWS's expanded architecture to enhance their AI capabilities and streamline operations [6] - AWS's new tools for operational resilience and outage recovery are designed to assist engineers in managing incidents more effectively [7] Generative AI and Future Potential - AWS acknowledges that customers are still in the early stages of realizing the benefits of generative AI, but improvements are expected soon [8] - The introduction of Trainium 3 chips aims to reduce the time and cost associated with developing large AI models, addressing a key challenge for businesses [8] New Tools and Modernization - AWS launched UltraServer systems to simplify the execution of demanding AI projects without the need for advanced hardware management [9] - The company also introduced Nova Forge for customizing AI models and modernization tools to help transition legacy systems to cloud environments [9]
123 Cyber Monday Sales and Deals You Can Still Shop
Business Insider· 2025-12-02 22:33
Core Insights - Cyber Monday sales have extended beyond the traditional timeframe, allowing consumers to continue taking advantage of discounts on various products [1][3]. Tech Deals - Significant discounts include 30% off Sony WH-1000XM5 headphones, now priced at $278 from $399.99, and 55% off the Dyson V9 Motorbar vacuum, now at $269.99 from $599.99 [2][6][62]. - Other tech deals include 20% off the Bose Portable Smart Speaker, now $319 from $399, and 51% off a soundbar priced at $48 from $98 [11][8]. Streaming Deals - Ongoing streaming service deals include STARZ's annual plan at $11.99, down from $69.99, representing an 83% discount [41]. - Paramount Plus Premium monthly plan is available for $2.99, down from $12.99, a 77% savings [43]. Gaming Deals - The Sony PS5 Pro is discounted to $649 from $749, a 13% reduction, appealing to tech enthusiasts [50]. - Logitech gaming peripherals, such as the G305 Lightspeed mouse, are also on sale, now $29.99 from $43.90, saving 32% [53]. Home Deals - The Dyson V9 Motorbar vacuum is highlighted for its 55% discount, while the eufy Omni C20 robot vacuum is available for $329.99, down from $699.99, a 53% savings [62][60]. - Other home products include the Bissell Little Green Mini at $74.99, down from $94.99, a 21% discount [58]. Mattress & Bedding Deals - The Leesa Sapira Hybrid Mattress is marked down to $1,374 from $1,999, saving 31% [72]. - The Saatva Classic Mattress is available for $1,814, down from $2,139, a 15% discount [74]. Furniture Deals - Joybird's Wilder Sleeper Sectional is discounted to $2,499.99 from $4,199.99, a 40% savings [86]. - Flexispot's E7 Pro Standing Desk is now $369.99, down from $599.99, saving 38% [91]. Kitchen Deals - The Gourmia All-in-One 14-qt. Air Fryer is available for $50, down from $129, a 61% discount [96]. - The Breville Barista Express Espresso Machine is priced at $499.95, down from $749.95, saving 33% [109]. Fitness Deals - The Apple Watch SE 3 is discounted to $199 from $249, a 20% savings [116]. - The Ergatta Lite Rower is available for $1,099, down from $1,699, a 35% discount [127]. Women's Fashion Deals - Columbia's Karis Gale Full Length Parka is now $60, down from $120, saving 50% [129]. - Lululemon's Align Dress is priced at $99, down from $148, a 33% discount [131]. Men's Fashion Deals - The Barbour Domus Jacket is available for $214.99, down from $325, saving 34% [156]. - Bonobos Stretch Lightweight Flannel Shirt is now $69.30, down from $99, a 30% discount [159]. Beauty Deals - SkinCeuticals C E Ferulic Serum is priced at $154.70, down from $182, saving 15% [165]. - Dyson Supersonic Hair Dryer is available for $379.99, down from $519.99, a 27% discount [167].
Complexity of Blockchain Rails Trip Up Stablecoins’ Push
PYMNTS.com· 2025-12-02 22:30
Core Insights - Cross-border payments are complex for multinational and mid-size firms, often involving a network of correspondent banks and various operational challenges [3][12] - Stablecoins are emerging as a potential solution for global value transfer, with companies like Ripple and Sony Bank actively developing stablecoin capabilities [4][10] - The need for a stablecoin clearinghouse is becoming evident as enterprises seek to simplify their financial operations without adding complexity [7][8] Group 1: Current Challenges in Cross-Border Payments - Cash routed across borders faces issues such as correspondent bank labyrinths, mismatched data standards, and settlement delays, impacting liquidity management and risk prediction [3][12] - The fragmented nature of the crypto ecosystem complicates clearing functions, which are now decentralized across various actors rather than centralized [6][11] Group 2: The Role of Stablecoins - Stablecoins are being recognized as a means to facilitate near-instant settlement for cross-border transactions, with significant developments from major financial institutions [4][10] - The orchestration of stablecoins is crucial for enterprises to manage different payment networks and simplify transaction processes [9][14] Group 3: Infrastructure and User Experience - A stablecoin clearinghouse can absorb the complexities of different payment rails, allowing organizations to manage inflows and outflows without deep technical knowledge [9][10] - Improving user experience is essential for stablecoin adoption, with the goal of making transactions simple enough for everyday users [10][12]
AWS Powers Sony's Enterprise AI and Engagement Platforms
Businesswire· 2025-12-02 16:00
Core Insights - Sony Group Corporation is leveraging Amazon Web Services (AWS) to enhance its enterprise AI capabilities and build an Engagement Platform that fosters deeper connections between fans and content creators [1][2][8] Group 1: AI and Technology Integration - Sony is utilizing AWS's AI services, including Amazon Bedrock AgentCore, to empower its global workforce with generative and agentic AI capabilities, enhancing innovation and operational efficiency [3][4] - The internal AI platform processes 150,000 inference requests daily, with expectations to grow 300-fold in the coming years, aiding employees in various tasks such as content drafting and fraud detection [3] - The Amazon Nova Forge program is being used to develop advanced AI models, significantly improving the efficiency of review and assessment processes by 100 times [4] Group 2: Engagement Platform Development - The Sony Engagement Platform is a key component of Sony's business strategy, integrating various elements to enhance fan experiences [5][6] - Sony Data Ocean, a comprehensive data platform, processes up to 760 terabytes of data from over 500 datasets, providing AI-enhanced insights for audience engagement [5] - The platform extends core functions of PlayStation's online service, streamlining operations and enhancing customer experiences across different entertainment categories [6] Group 3: Strategic Vision and Future Outlook - Sony aims to fill the world with emotion through creativity and technology, with the partnership with AWS representing a significant step in transforming the entertainment industry [8] - The collaboration is evolving from enhancing gaming experiences to delivering deep emotional connections at an unprecedented scale, with 57,000 employees utilizing AI agents [8]