On The Rock
Top Themes of the Week
Top Tech
NVDIA NVDA 0.00%↑
Getty Images and Nvidia have teamed up to launch Generative AI by Getty Images, a new tool that allows users to create images using Getty's vast library of licensed photos. This tool is trained exclusively on Getty Images' library, providing full copyright protection to users who publish the images it generates for commercial use.
Microsoft MSFT 0.00%↑
The FTC is reviving its lawsuit challenging Microsoft's $69 billion acquisition of video game giant Activision Blizzard. This renewed legal challenge is proceeding through the FTC's administrative court, despite indications from the UK's Competition and Markets Authority that it is close to approving the acquisition. The FTC's decision is based on the belief that resolving this matter fully and promptly serves the public interest.
Apple AAPL 0.00%↑
Apple intends to expand its production operations in India, aiming to reach a production value of around $40 billion over the next four to five years. In the past fiscal year, the company already exceeded the $7 billion production milestone in India. Apple's manufacturing activities in the country currently include iPhones, and they plan to commence the production of AirPods from the upcoming year. However, there are no immediate plans to manufacture iPads or laptops in India. It's worth noting that Apple has emerged as the largest exporter of mobile phones from India.
In the US, delivery lead times have remained unchanged for low-end models but have improved by 7 days for high-end models. Specifically, for the iPhone 15 and 15 Plus, delivery times remained at 15 days each. It's worth mentioning that the US market accounts for approximately 35% of iPhone shipments.
Sports & Gaming
DraftKings DKNG 0.00%↑ is set to launch its online sports betting services in Kentucky, allowing eligible customers to place bets on collegiate and professional sports, including NCAA, NFL, MLB, and NBA, starting from September 28, 2023.
Fox FOX 0.00%↑ is ending its five-year billion-dollar partnership with WWE, with WWE's "SmackDown" moving from Fox to USA Network in October 2024 under a reported $1.4 billion deal with NBCUniversal.
Minority shareholders of the Golden State Warriors are in talks to sell their 10% ownership share, potentially impacting the team's ownership structure and future.
Smith Entertainment Group, owner of the NBA's Utah Jazz, has unveiled the pricing model for its new direct-to-consumer streaming service, Jazz+, offering various payment options for fans.
Tennis Channel is launching a pickleball channel through a joint venture with the Professional Pickleball Association, aiming to air PPA Tour matches and handle integrated ad sales efforts.
The NBA reports its most-watched season ever in India for the 2022-23 season, with over 100 million unique viewers across multiple platforms.
The Vegas Golden Knights and Scripps Sports have introduced the KnightTime streaming service, allowing fans to livestream 69 regular season games, with various pricing options for access.
