“[The trip to Israel] wasn’t in response to that at all,” Musk says of his post — it wasn’t an “apology tour.”
“I have no problem being hated.”
Musk tells Sorkin the only reason he’s here is because he’s a friend. Musk keeps laughing. The vibe is chaotic.
The room here at DealBook is packed for the last session of the day — and perhaps the most anticipated one. Nobody has come up in more sessions throughout the day than Musk. X CEO Linda Yaccarino is here, too.
Disney is one on a growing list of companies that have stopped advertising on X, formerly known as Twitter, following antisemitic posts from Elon Musk.
During his interview at the DealBook 2023 event, Bob Iger didn’t comment on whether Disney would ever go back to advertising on X, but he had this to say about the decision:
By him taking the position he took, we felt that the association with that position, and Elon Musk and X, was not a positive one for us.
Responding to a DealBook question about recent box office disappointments, Iger says, “we need to get more realistic” about what a hit looks like in the streaming age.
The Disney CEO also says it was a “definite mistake” to increase output for streaming and that an increase in quantity led to diluted quality.
Warner Bros. Discovery CEO David Zaslav is talking at the DealBook event about the business decisions behind axing projects like Batgirl. He says once money is spent on production, making a choice not to release a project and spend even more is a “strategic decision.”
What content is going to help us win? The content that wasn’t, we made a strategic decision on. It was difficult and it was painful. But I think it was the right decision for the company and it was necessary.
Jensen Huang is on stage at DealBook, talking about how soon we might see artificial general intelligence, or AGI. But without a clear definition, it’s a hard question to answer.
One definition is AI software being able to complete basic intelligence tests with results competitive to a “normal human.” Under that definition, Huang says AGI could come within the next five years.
I’m here in New York at The New York Times’ DealBook Summit, an annual gathering of some of the most powerful people in the world.
Over the course of the day we’ll be hearing from people like Bob Iger, David Zaslav, Nvidia CEO Jensen Huang, and FTC chair Lina Khan — and we’ll close out the day with an interview with Elon Musk. Check back in for news as the day goes on.
That’s according to reporting from The Wall Street Journal that says the ultra fast fashion giant could IPO in 2024.
Last week I wrote about Shein’s quest to rebrand and shake some of the criticisms of the company — its labor practices, supply chain, and overall secrecy — in the lead up to a potential public offering. It has... not gone very well so far.
