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Can YouTube Replace 'Traditional' TV?

1 week 4 days ago
Can YouTube capture the hours people spending watching "traditional" TV? YouTube's CEO recently said its viewership on TV sets has "surpassed mobile and is now the primary device for YouTube viewing in the U.S.," writes The Hollywood Reporter. And YouTube is shelling out big money to stay on top: It's come a long way since the 19-second "me at the zoo" video was uploaded in April 2005. Now, per a KPMG report released Sept. 23, YouTube is second only to Comcast in terms of annual content spend, inclusive of payments to creators and media companies, paying out as much as Netflix and Paramount combined, $32 billion... The only question is what genres it will take over next, and how quickly it will do so. From talk shows to scripted dramas to, yes, live sports, there are signs that the platform's ambitions will collide with the traditional TV business sooner rather than later... YouTube has slowly, then all at once, become the de facto home for what had been late night, not only for the shows on linear TV, but for an emerging crop of new talent born on the platform. As it happens, late night itself transformed YouTube when the Saturday Night Live skit "Lazy Sunday" went viral 20 years ago on the platform, which had only been live for a few months... As consumer preferences collide with a burgeoning ecosystem of video podcasts (YouTube now claims more than 1 billion podcast users monthly), the world of late night, and for that matter TV talk shows more generally, increasingly revolves around the platform. One current late night producer says that almost every A-list booking now includes some sort of sketch or bit that they think will play well on YouTube, but booking those guests in the first place has become less of a sure thing. A veteran Hollywood publicist says that for many of their clients, they are now recommending that YouTube podcasts or shows become the first stop, or at least a major stop, on press tours... Nielsen has been tracking the streaming platforms that consumers watch on their TV screens ever since it launched what it calls The Gauge in 2021. But over the past year, YouTube's domination of The Gauge has unnerved executives at some competitors. The most recent Gauge report showed that YouTube was by far the most watched video platform, holding 13.1 percent share. Netflix, in second place, was at 8.7 percent. The article suggests YouTube's last challenge may be "scripted" entertainment — where their business model is different than Netflix or HBO. "On YouTube, it is up to the creator to finance and produce their content, and while the platform regularly releases new tools to help them (including AI-enabled tech that suggests video ideas and can create short background videos for use in Shorts), scripted entertainment is a particularly tricky challenge, requiring writers, directors, sets, costumes, lighting, editing, special effects and other production requirements that may go beyond the typical creator-led show."

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EditorDavid

Bill Gates-Backed 345 MWe Advanced Nuclear Reactor Secures Crucial US Approval

1 week 4 days ago
Long-time Slashdot reader schwit1 shares this article from Interesting Engineering: Bill Gates-backed TerraPower's innovative Natrium reactor project in Wyoming has cleared a critical federal regulatory hurdle. The US Nuclear Regulatory Commission (NRC) has successfully completed its final Environmental Impact Statement (EIS) for the project, known as Kemmerer Unit 1, and found no adverse impacts that would block its construction. The commission officially recommended that a construction permit be issued to TerraPower subsidiary USO for the facility in Lincoln County. This announcement marks a significant milestone, making the Natrium project the first-ever advanced commercial nuclear power plant in the country to successfully complete this rigorous environmental review process... The first-of-a-kind design utilizes an 840 MW (thermal) pool-type reactor connected to a molten salt-based energy storage system. This storage technology is the plant's most unique feature. It is designed to keep the base output steady, ensuring constant reliability, but it also allows the plant to function like a massive battery. The system can store heat and boost the plant's output to 500 MWe when demand peaks, allowing it to ramp up power quickly to support the grid. TerraPower says it is the only advanced reactor design with this unique capability. The Natrium plant is strategically designed to replace electricity generation capacity following the planned retirement of existing coal-fired facilities in the region. While the regulatory process for the nuclear components continues, construction on the non-nuclear portions of the site already began in June 2024. When completed, the Natrium plant is poised to be the first utility-scale advanced nuclear power plant in the United States. The next step for the construction permit application is a final safety evaluation, which is anticipated by December 31, 2025, according to announcement from TerraPower, which notes that the project is being developed through a public-private partnership with the U.S. Energy Department. "When completed, the Natrium plant will be the first utility-scale advanced nuclear power plant in the United States."

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EditorDavid

Is AI Responsible for Job Cuts - Or Just a Good Excuse?

1 week 4 days ago
Has AI just become an easy excuse for firms looking to downsize, asks CNBC: Fabian Stephany, assistant professor of AI and work at the Oxford Internet Institute, said there might be more to job cuts than meets the eye. Previously there may have been some stigma attached to using AI, but now companies are "scapegoating" the technology to take the fall for challenging business moves such as layoffs. "I'm really skeptical whether the layoffs that we see currently are really due to true efficiency gains. It's rather really a projection into AI in the sense of 'We can use AI to make good excuses,'" Stephany said in an interview with CNBC. Companies can essentially position themselves at the frontier of AI technology to appear innovative and competitive, and simultaneously conceal the real reasons for layoffs, according to Stephany... Some companies that flourished during the pandemic "significantly overhired" and the recent layoffs might just be a "market clearance...." One founder, Jean-Christophe Bouglé even said in a popular LinkedIn post that AI adoption is at a "much slower pace" than is being claimed and in large corporations "there's not much happening" with AI projects even being rolled back due to cost or security concerns. "At the same time there are announcements of big layoff plans 'because of AI.' It looks like a big excuse, in a context where the economy in many countries is slowing down..." The Budget Lab, a non-partisan policy research center at Yale University, released a report on Wednesday which showed that U.S. labor has actually been little disrupted by AI automation since the release of ChatGPT in 2022... Additionally, New York Fed economists released research in early September which showed that AI use amongst firms "do not point to significant reductions in employment" across the services and manufacturing industry in the New York-Northern New Jersey region.

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EditorDavid