business

Max Knoblauch8/16/24

Fubo scores big after judge blocks Disney-Fox-Warner sports play

A federal judge has temporarily blocked Venu Sports, the streaming joint venture formed by Disney, Fox, and Warner Bros. Discovery, on antitrust grounds.

It's a big win for rival Fubo TV, which said it would have gone insolvent by the first quarter of next year without the block. Fubo shares closed up 17% following the news.

Venu was set to be priced at $43 per month and was expected to launch in the next few weeks, before the start of the NFL’s regular season on September 5. It could now be delayed until at least 2025, or the streaming partners involved could choose to scrap the bundle altogether.

It's particularly rough for Warner Bros. Discovery, which last month lost out on NBA broadcast rights and earlier this month wrote down the value of its TV networks by $9 billion. So far, streaming subscriber growth and ad income hasn't replaced the once lucrative traditional cable earnings.

FuboTV Wins Bid to Block Disney-Fox-Warner Sports Streaming Platform Over Antitrust Concerns

FuboTV Wins Bid to Block Disney-Fox-Warner Sports Streaming Platform Over Antitrust Concerns

Venu was set to be priced at $43 per month and was expected to launch in the next few weeks, before the start of the NFL’s regular season on September 5. It could now be delayed until at least 2025, or the streaming partners involved could choose to scrap the bundle altogether.

It's particularly rough for Warner Bros. Discovery, which last month lost out on NBA broadcast rights and earlier this month wrote down the value of its TV networks by $9 billion. So far, streaming subscriber growth and ad income hasn't replaced the once lucrative traditional cable earnings.

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Kraft Heinz is bringing back the glass ketchup bottle as it leans on sauces for growth

The Pittsburgh-born sauce giant is turning 157 this year.

Oversize Heinz ketchup bottle displayed at Heinz History Center in Pittsburgh

BED, BREAKFAST, AND BEYOND

Airbnb is expanding its hotel offerings and adding car rentals to its app

As cities crack down on listings, the homestay platform is attempting to become an “everything app” for travel.

View of man talking with couple in car

BATTLE OF THE BRANDS

Which companies have the best and worst reputations, according to Americans?

The 2026 Axios Harris Poll 100 reputation ranking suggests the US prefers Big Tech to Big Media.

Handshake

Spotify expands its anti-AI verified badges to podcasts

Spotify introduced verified badges for musician profiles in late April.

Spotify Hosts a "Now Playing" Creator Day at its Los Angeles Campus

business

Tom Jones5/19/26

Demis Hassabis, Google DeepMind’s CEO and founder, was also an early Anthropic investor

A chess prodigy and an actual a knight of the realm in the UK, it’s perhaps no surprise that Demis Hassabis has made some strategic moves about his exposure to AI upside. According to people familiar with the matter, the influential AI architect became an angel investor in Anthropic, currently behind many of the leading AI models, per Arena AI leaderboards.

The Nobel Prize winner’s position in the Claude creator was previously undisclosed and, per the Financial Times, highlights Hassabis’ “growing influence across the AI industry.”

Google, which bought DeepMind, the company that Hassabis cofounded and heads to this day, for a reported ~$400 million in 2014, is also a key Anthropic investor. The tech giant reportedly plans to invest up to $40 billion in the AI company as part of the mutually beneficial relationship the pair have forged, with reports that Anthropic has committed to spending $200 billion in the other direction on Google’s cloud services over the next five years.

I’m playing all sides, so I always come out on top

In addition to his financial support for Anthropic, Hassabis has also invested in a range of AI startups launched by colleagues, such as Inflection AI, a company set up by DeepMind cofounder Mustafa Suleyman (who is now CEO of Microsoft AI), as well as efforts from other collaborators, like David Silver’s Ineffable Intelligence.

Hassabis also emerged as a recurring figure on the fringes of the recent Elon Musk v. Sam Altman trial, cropping up repeatedly in testimonies and court documents and appearing to live, as The Verge put it, “rent-free” in Musk’s head.

Founded in 2021, Anthropic has recently raised funding at a reported $900 billion valuation, sending it soaring ahead of competitor OpenAI.

Google DeepMind’s Demis Hassabis emerges as early Anthropic investor

Google DeepMind’s Demis Hassabis emerges as early Anthropic investor

The Nobel Prize winner’s position in the Claude creator was previously undisclosed and, per the Financial Times, highlights Hassabis’ “growing influence across the AI industry.”

Google, which bought DeepMind, the company that Hassabis cofounded and heads to this day, for a reported ~$400 million in 2014, is also a key Anthropic investor. The tech giant reportedly plans to invest up to $40 billion in the AI company as part of the mutually beneficial relationship the pair have forged, with reports that Anthropic has committed to spending $200 billion in the other direction on Google’s cloud services over the next five years.

I’m playing all sides, so I always come out on top

In addition to his financial support for Anthropic, Hassabis has also invested in a range of AI startups launched by colleagues, such as Inflection AI, a company set up by DeepMind cofounder Mustafa Suleyman (who is now CEO of Microsoft AI), as well as efforts from other collaborators, like David Silver’s Ineffable Intelligence.

Hassabis also emerged as a recurring figure on the fringes of the recent Elon Musk v. Sam Altman trial, cropping up repeatedly in testimonies and court documents and appearing to live, as The Verge put it, “rent-free” in Musk’s head.

Founded in 2021, Anthropic has recently raised funding at a reported $900 billion valuation, sending it soaring ahead of competitor OpenAI.

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