Inside Sun Valley's 'Summer Camp For Billionaires'
The battle over the future of the Murdoch family's 21st Century Fox media empire was at top of mind for all the business moguls gathered at the 2018 Allen & Co. conference in Sun Valley, Idaho.
Cheddar senior reporter Alex Heath went inside the ultra-exclusive, secretive confab and spoke with former AOL CEO Steve Case, Discovery CEO David Zaslav, and Y Combinator President Sam Altman, among others.
Aside from the future of Fox, the consensus at this year's "summer camp for billionaires" was that tech giants like Netflix and Apple are forcing legacy media players to consolidate their businesses and change how they deliver their content in the streaming era.
"Companies are trying to position themselves for a future where consumers are going to have more choice, more control, and more convenience," Steve Case told Cheddar. "It's going to move from more traditional distribution models ー cable ー into a much more digital model. Clearly, it was going to happen, it's just taken a longer time than we would have thought."
Snapchat has announced new measures and policies like features including restrictions on friend suggestions and a new system to remove age-inappropriate content.
Google will soon require that political ads using artificial intelligence be accompanied by a prominent disclosure if imagery or sounds have been synthetically altered.
Most major car brands admit they may be selling your personal data — though they are vague on the buyers, and half say they would share it with the government or law enforcement without a court order.
United Airlines said Tuesday it repaired a technology glitch that had forced it to halt departures nationwide, briefly crippling one of the nation's biggest carriers on a busy travel day.
