Arm CEO Says AI Is 'Not a Bubble'
Arm CEO Rene Haas discusses the chipmaker's outlook following a strong first quarter earnings report. Haas also comments on tariffs, artificial intelligence demand and growing the businesses with Caroline Hyde and Vonnie Quinn on Bloomberg Television. (Source: Bloomberg)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Washington Post
11 minutes ago
- Washington Post
Warner Bros. Discovery to split into two companies, dividing cable and streaming services
NEW YORK — Warner Bros. Discovery will split into two public companies by next year, calving off its cable operations from its streaming service. Warner Bros. Discovery said Monday that Streaming & Studios will include Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, and HBO Max, as well as their film and television libraries. The Global Networks company will include CNN, TNT Sports in the U.S., and Discovery, top free-to-air channels across Europe, and digital products such as the Discovery+ streaming service and Bleacher Report. Warner Bros. Discovery CEO David Zaslav will serve as CEO of Streaming & Studios. Gunnar Wiedenfels, chief financial officer of Warner Bros. Discovery, will serve as CEO of Global Networks. Both will continue in their current roles until the separation. The split is expected to be completed by the middle of next year.
E&E News
13 minutes ago
- E&E News
BLM: Wyoming wells would have limited impact on groundwater
A court-ordered analysis of the effects that thousands of oil and gas wells in Wyoming's Powder River Basin could have on groundwater found no additional significant impacts, the Bureau of Land Management said Friday. Originally approved in 2020, the Converse County Oil and Gas Project would allow up to 5,000 oil and gas wells on about 1.5 million acres in eastern-central Wyoming. Subsequent litigation from environmentalists stalled the project, and last September a judge at the U.S. District Court for the District of Columbia sided with green groups in saying BLM's environmental analysis was inadequate. Judge Tanya Chutkan, an Obama appointee, ordered federal officials to submit more information about the environmental effects, particularly on groundwater. Advertisement They did so Friday and determined that the annual drilling of about 500 wells for a decade would not cause significant new environmental impacts. BLM — which is part of the Interior Department — said the project is expected to generate thousands of jobs as well as $18 billion to $28 billion in federal revenue.
CBS News
15 minutes ago
- CBS News
Warner Bros. Discovery to split into two, separating CNN and cable networks from streaming
Warner Bros. Discovery announced the media giant will divide into two new publicly traded companies, with one consisting of its cable networks such as CNN and TNT Sports and the second consisting of its streaming and studios business, including HBO Max and Warner Bros. Television. In a statement on Monday, the company said current Warner Bros. Discovery CEO David Zaslav will serve as president and CEO of Streaming & Studios, while Gunnar Wiedenfels, chief financial officer of Warner Bros. Discovery, will lead the cable division, called Global Networks. The split is expected to be completed by mid-2026, the company said. Some Wall Street analysts questioned if Warner's restructuring will succeed in driving growth as the media industry looks to expand its streaming audience and the viewership for broadcast programming shrinks. "The issue with the success of this split is the same one plaguing other media companies (including the separation underway at Comcast and the one considered but ultimately aborted at Disney) – the legacy networks businesses have poor top line growth prospects but relatively healthy profitability/cash flow, which means they generate important liquidity but are likely to garner middling valuations as standalone entities," Adam Crisafulli of investment advisory firm Vital Knowledge said in a note to clients. —This is breaking news and will be updated.
