For fans lucky enough to make their way to a World Cup game this season, they might spot cheering fans, overpriced snacks and, of course, soccer. One thing they will not see is logos from non-FIFA sponsors—even if their name is on the stadium. But one brand is leaning into this limitation. Due to a “debranding” mandate from FIFA, companies with naming rights to stadiums across the 16 host cities in Mexico, Canada, and the United States are seeing their names and logos temporarily removed from the venues. Consider MetLife Stadium in New Jersey. Since MetLife is not an official…
Author: Staff Writer
In July, Xbox may be the next company hit with major changes to its workforce. According to Bloomberg, people familiar with Xbox’s strategy said that the company is “planning major job cuts next month,” although the scale and details of the cuts are still unclear. Along with staff cuts, Xbox is also planning “significant” budget cuts “for marketing and some other areas of the business.” Fast Company reached out to Xbox for comment regarding details about the layoffs and budget cuts. This would mark Asha Sharma’s first round of layoffs since she joined the company as CEO in February. Since…
ASIA: The major Asian stock markets had a green day today: • NIKKEI 225 increased 3,297.46 points or 4.99% to 69,317.50 • Shanghai increased 64.959 points or 1.61% to 4,096.472 • Hang Seng increased 124.57 points or 0.50% to 24,842.67 • ASX 200 increased 110.00 points or 1.25% to 8,914.00 • SENSEX increased 736.38 points or 0.97% to 76,264.33 • Nifty50 increased 231.00 points or 0.98% to 23,853.90 The major Asian currency markets had a mixed day today: • AUDUSD increased 0.0029 or 0.41% to 0.70765 • NZDUSD decreased 0.00051 or -0.09% to 0.58289 • USDJPY increased 0.036 or 0.02%…
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At graduation ceremonies in 2026, the mere mention of artificial intelligence is enough to garner boos from the crowd. It happened at the University of Central Florida, where speaker Gloria Caulfield said the “rise of artificial intelligence is the next industrial revolution.” It happened at Middle Tennessee State University, where Big Machine Records CEO Scott Borchetta claimed “AI is rewriting production as we sit here.” And it happened at the University of Arizona, where former Google CEO Eric Schmidt said that AI “will touch every profession, every classroom, every hospital, every laboratory, every person, and every relationship you have.” One…
“Countries don’t need you for tax revenue. Corporations don’t need you for your labor. Because it’s coming from AI.” That’s the warning from filmmaker Daniel Kwan and tech ethicist Tristan Harris. In this episode of “Adventures in AI,” Kwan and Harris examine how artificial intelligence is reshaping the global economy, from what Harris calls “the intelligence curse” to the financial incentives driving AI companies “to replace every form of human economic labor in the economy.” The question, they argue, is not whether this happens, but how we act before it does. Source link
An initial public offering has its official functions—raising money, providing liquidity for equity-holding employees and early investors—but it has unofficial ones, too. The record-setting $1.77 trillion SpaceX IPO, whose valuation was partly pumped up by its artificial intelligence ambitions, just reminded us all of a big one: a blockbuster IPO can be a blockbuster branding event. No wonder the scramble to reap the publicity benefits of being seen as the next trillion-dollar-plus IPO started before SpaceX even launched its offering, and has only accelerated since. We know the two main candidates for that milestone, because AI rivals Anthropic and OpenAI…
SpaceX’s initial public offering lived up to expectations, making Elon Musk the world’s first trillionaire and minting more than 4,000 millionaires in an instant as the stock price blew past its asking price and kept rising—up 27% in the first few hours of trading. While the firm sought $75 billion from the public market, there was reportedly more than $250 billion in demand. Jay Ritter, director of the IPO Initiative at the University of Florida’s Warrington College of Business, tells Fast Company he heard from one colleague who requested 100 SpaceX shares through Robinhood and received just one. Another colleague…
The streaming and media wars continue with yet another big acquisition: Fox Corporation is acquiring Roku for $22 billion. The two companies announced the deal before markets opened on Monday morning, with Fox saying it will pay $160 per share in a purchase that will combine cash and Fox stock. The deal is expected to close next year. Roku is perhaps most widely known for its streaming devices and hardware, but it also runs a streaming channel, The Roku Channel, which has its own slate of original programming. Fox is the parent company of Fox News, Fox Sports, and other…
High oil and gasoline prices and energy supply problems won’t be solved overnight, despite an agreement to end the Iran war and open the Strait of Hormuz announced Sunday.It will likely take months before energy companies can resume operations to the point of meeting the world’s demand, according to energy experts. The slow pace of the process of shipping and refining crude oil, and doubts about the security of traveling through the strait mean the effect won’t be seen immediately, they said.Ships loaded with crude oil have been stranded in the Persian Gulf for more than three months, unable to…