This episode of 'The Brainstorm' discusses ESPN's entry into the sports betting market, analyzing their potential impact and competition. It also explores the use of AI to reduce contrails and its impact on global warming. They touch on the implementation of carbon abatement and government incentives as well.
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Quick takeaways
The partnership between Penn National and ESPN in the sports betting industry raises questions about the potential success of leveraging the ESPN brand and Penn's in-house technology.
Google's use of AI to reduce contrails by 54% demonstrates the potential of this approach as a cost-effective climate solution for reducing aviation's global warming impact.
Deep dives
Penn National and ESPN Partnership
The podcast discusses the partnership between Penn National and ESPN and its implications for the sports betting industry. Penn National is one of the largest land-based casino operators in the US and aims to gain a larger market share by leveraging the ESPN brand. The partnership raises questions about whether the ESPN brand can attract bettors and if Penn's in-house technology can provide a competitive advantage. The potential success of this partnership could have a significant impact on the landscape of the sports betting market.
AI and Contrails
The episode explores a unique application of AI in reducing the environmental impact of contrails, the white streaks left behind by planes. Contrails contribute to aviation's global warming impact, and Google used AI to train an algorithm to predict the formation of contrails. By rerouting flights to avoid humid areas, the algorithm was able to reduce contrails by 54% in a test with American Airlines. This approach has the potential to become a cost-effective climate solution and address the environmental concerns associated with contrails.
Future Considerations and Challenges
The podcast raises important considerations and challenges for both the Penn National and ESPN partnership, as well as the AI approach to reducing contrails. It questions whether the partnership can achieve its projected market share and emphasizes the significance of Penn's online casino business in addition to sports betting. Additionally, the discussion touches on the issue of increased fuel consumption as planes are rerouted to avoid contrails, and highlights the need to find a balance between reducing environmental impact and managing fuel costs. Overall, these topics highlight the evolving dynamics and complexities within the sports betting industry and climate change mitigation efforts.
If you know ARK, then you probably know about our long-term research projections, like estimating where we will be 5-10 years from now! But just because we are long-term investors, doesn’t mean we don’t have strong views and opinions on breaking news. In fact, we discuss and debate this every day. So now we’re sharing some of these internal discussions with you in our new video series, “The Brainstorm”, a co-production from ARK and Public.com. Tune in every week as we react to the latest in innovation. Here and there we’ll be joined by special guests, but ultimately this is our chance to join the conversation and share ARK’s quick takes on what’s going on in tech today.
This week, Associate Portfolio Manager Nick Grous and Director of Research, Autonomous Tech & Robotics Sam Korus are joined by Senior Editor at OnlineCasinos.com Ryan Butler. Together they discuss ESPN BET, and the deal between Penn National Gaming and Barstool Sports, and then Sam and Nick discuss AI’s impact on Global Warming.
Key Points From this Episode:
ESPN BET
AI’s Impact on Global Warming
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