CBX Daily 11/6/2024

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CultureBanx Team
November 06, 2024

Today, AI’s grip brings businesses no delight, but let’s start with how TKO is partnering with “The Rock” to make an acquisition that will bring in the bucks…

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TKO Group Ropes In 'The Rock' In A $3.25 Billion Acquisition

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In a bold move that’s electrifying the sports entertainment world, TKO Group Holdings Inc (TKO +0.04%) is acquiring Professional Bull Riders (PBR), On Location, and IMG for a staggering $3.25 billion. The mega-mind behind this uber-merger is none other than Dwayne "The Rock" Johnson, whose Hollywood star power shows no signs of dimming. This move is aimed at expanding the sport portfolio of TKO Group.

Artificial Intelligence Is Keeping 65% Of Businesses Frozen With AI-nxiety

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Business leaders across industries are feeling anxious over their newfound responsibility to implement, regulate machine-learning software. The benefits of artificial intelligence (AI) are endless when it comes to decision-making for complex industries, leading to 65% of businesses feeling like they are suffering from AI data bias. Generative A.I. is projected to add $4.4 trillion in value to the global economy, however the consequences of its usage is more worrying considering datasets currently used to train the technology are designed through a white patriarchal lens.

Crypto Backers Are Leading The 'PAC' This Election Cycle

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The cryptocurrency sector is leading the pack on corporate spending during this 2024 election cycle. With over $119 million dollars spent to influence federal elections, primarily by Coinbase and Ripple, crypto backers are putting their money where their mouth is and our presidential candidates are taking notice. Donald Trump, who was previously skeptical of cryptocurrencies, has spoken at Crypto conferences this year and has pledged to make the U.S. the Crypto capital of the planet. Kamala Harris’ team has similarly reached out to crypto-backing organizations to discuss further alignment of interests. 

Tune-in Tuesdays!

It’s D-Day and celebrity endorsements have been a focal point in campaign strategies. However, will these endorsements translate to actual impact on voter behavior, engagement, and the overall political landscape or is it superficial engagement?

A. “With a Little Help from My Friends" by Joe Cocker - When it comes to mobilizing voters, celebrity endorsements can break down barriers. They can reach audiences that traditional political messaging might miss.
B. "Hotline Bling" by Drake - Voters might feel that celebrity endorsements are just noise, often missing the real call to action.
C. "Me, Myself And I" by Beyonce - Celebrities will go to great lengths for their interests, potentially sidelining the needs of the very communities they claim to support.

What are your thoughts on this? Tune in next Tuesday to see which jam captures the prevailing sentiment!

A  |  B  |  C

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Last week’s results are in and it looks like we all believe in migrants and so ‘We take care of our own’ regardless of who wins.

Is Internet Service 400x Slower In Low Income Areas For The Same Price?

CBX Vibe:

Imagine waking up 45 days straight with no cellphone signal, Wi-Fi, or telephone service. This is a form of digital redlining, an underinvestment by internet providers in low-income communities resulting in plans with lower speeds at the same price. Specifically, AT&T was one of four internet providers found in 38 cities across America offering slower speeds for the same price as faster speeds, according to the Associated Press.

Trick Or Treat With Halloween Spending Set To Hit $11.6 Billion

CBX Vibe:

As the spookiest time of the year rolls around, a record-breaking celebratory spirit is taking hold nationwide. Americans are set to invest a staggering $11.6 billion on Halloween festivities this year, a bit of a dip from last year's $12.2 billion, according to recent projections from the National Retail Federation (NRF). A whopping 73% of Americans plan to hand out candy, ensuring that the tradition of trick-or-treating remains alive and well.

Vibes of the Week

The Rock’s and TKO partnership is likely to pull "Too Many Strings " in the sports world as Kiana Ledé tells it in our CBX Vibes!