TV firm Discovery Inc. reported 21% higher revenue and sharply higher net income for the second quarter. But the details of the results show that the owner of cable channels like Discovery and HGTV, which has agreed to buy WarnerMedia, is losing ground in the U.S. ad market. Discovery’s U.S. network ad revenue rose 12% from the year-earlier quarter, when the pandemic ad downturn slashed TV...
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Why the AI Race Is Getting Weird
There comes a point in every major new technology cycle where new alliances form, especially between the incumbents and the younger upstarts nipping at their heels.This is happening at superspeed in artificial intelligence—but the pattern is frankly pretty weird, and I think it points to the fact that AI, in a lot of ways, is going to be different from tech developments before it, like cloud...
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