Disney's Hulu Deal, UAW Strike Impact, and Guest Chris Krebs
Nov 3, 2023
01:03:13
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Former director of the Cybersecurity and Infrastructure Security Agency, Chris Krebs, joins the hosts to break down the new AI executive order. Topics include the Ozempic effect on Krispy Kreme stock, Disney taking control of Hulu, tactics that helped the UAW reach a deal with automakers, and the societal impacts of technology development.
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Quick takeaways
UAW strike ends with a tentative agreement, showcasing strategic negotiation tactics and plans for union expansion.
Biden's AI executive order emphasizes openness and collaboration, but lacks regulations on explainability and transparency.
Disney's acquisition of Comcast's stake in Hulu solidifies its position in the streaming industry and may lead to price increases across other platforms.
Deep dives
UAW strike ends with tentative agreement
The United Auto Workers (UAW) strike has come to an end as General Motors (GM) and UAW reach a tentative agreement after six weeks. The deal includes a wage increase and cost-of-living allowances over four and a half years. Toyota is also following suit by giving a 9% raise to its non-unionized US factory workers. UAW President Sean Fane has been praised for his strategic approach to negotiations and plans to expand the union's influence by organizing even more companies, including Tesla.
AI executive order emphasizes openness and collaboration
The recent AI executive order signed by President Biden focuses on promoting openness and collaboration in AI development. While there are no licensing requirements, the order prioritizes national security and government procurement. Some have expressed concerns about the absence of requirements on explainability and transparency in training sets. However, there is a consensus that congressional involvement is necessary to establish appropriate regulations in the future.
UK summit brings global commitment to address AI risks
28 governments, including the US and China, have signed a declaration at the UK AI summit to work together in addressing AI risks. Vice President Harris delivered a speech outlining AI guardrails and positioning the US as a global leader in innovation and policies. The summit was significant in terms of international collaboration and regulation, as Europe has already passed the AI Act and GDPR, while the US aims to maintain its leadership in the AI industry.
Society's dissatisfaction stems from feeling lied to
Many individuals feel angry and dissatisfied with society due to the belief that they have been lied to. They have worked hard and are good citizens, but their quality of life does not match that of their parents. This dissatisfaction is exacerbated by social media, which constantly presents images of wealth and success. To address this, there is a call for more money to be allocated to middle-class households.
Disney to gain full control of Hulu
Disney is set to acquire Comcast's 33% stake in Hulu, solidifying its position as a major player in the streaming industry. The deal, which is worth at least $8.61 billion, will give Disney full ownership of Hulu. This move highlights the ongoing consolidation and competition in the streaming market. The acquisition is expected to have a significant impact on the future of Disney, as it focuses on its parks, movies, and streaming platforms. It may also lead to price increases across various streaming networks as they bolster their offerings.
Kara and Scott tell all about their trip to the White House. Then, they discuss the Ozempic effect on Krispy Kreme stock, and Disney taking full control of Hulu. They've also got thoughts on whether bankruptcy is really the end for WeWork, as well as the tactics that helped the UAW reach a deal with automakers. Our Friend of Pivot is the former director of the Cybersecurity and Infrastructure Security Agency, Chris Krebs. He breaks down the new AI executive order.