 |
|
|
|||||
On the heels of Mark Zuckerberg announcing that Meta's former board member, Dina Powell McCormick, would be formally joining the company as president and vice chairman, the CEO has shared new details about her purview at the company. The executive will play a key role overseeing Meta's sprawling infrastructure investments as part of a newly announced initiative called Meta Compute."Meta is planning to build tens of gigawatts this decade, and hundreds of gigawatts or more over time," Zuckerberg said in an update. "How we engineer, invest, and partner to build this infrastructure will become a strategic advantage."Zuckerberg said that Meta's head of global engineering Santosh Janardhan will lead the "top-level initiative" and that recent hire and former Safe Superintelligence CEO Daniel Gross will "lead a new group responsible for long-term capacity strategy, supplier partnerships, industry analysis, planning, and business modeling." McCormick is expected to "work on partnering with governments and sovereigns to build, deploy, invest in, and finance Meta's infrastructure."Meta has been investing heavily in infrastructure to fuel its AI "superintelligence" ambitions. The company also recently announced three agreements to buy massive amounts of nuclear power to help power its data centers. Zuckerberg has previously said he expects Meta to spend $600 billion on AI infrastructure and jobs by 2028. This article originally appeared on Engadget at https://www.engadget.com/ai/mark-zuckerberg-announces-new-meta-compute-initiative-for-its-data-center-and-ai-projects-192100086.html?src=rss
Category:
Marketing and Advertising
Paramount Skydance just does not want to take no for an answer. After having multiple bids to acquire Warner Bros. Discovery (WBD) rejected, including a recent hostile bid that the WBD board recommended that shareholders reject, Paramount is turning to the courts and mounting a proxy fight. In a letter to shareholders on Monday, Paramount CEO David Ellison said the company has filed suit in Delaware Chancery Court seeking more disclosure about WBDs pending Netflix deal and the process that led to its acceptance. Paramount argues WBD hasnt provided basic information shareholders need to evaluate competing offers, including how WBD valued the planned cable-networks spinout Discovery Global (or Global Networks, depending on the filing). The Netflix acquisition would leave Discovery Global to become its own publicly traded company, while the Paramount offer included these assets. Paramount is also escalating the corporate pressure campaign, with Ellison saying it intends to nominate a slate of directors for election at WBDs 2026 annual meeting. The end goal would be installing a board that would engage on Paramounts offer under the terms of WBDs merger agreement with Netflix. If WBD were to call a special meeting to approve the Netflix transaction before the annual meeting, Paramount says it will solicit proxy votes against the deal. It also plans to push a bylaw change requiring shareholders to approve any separation of Discovery Global. This change seems like Paramount stoking the flames (whether real or imagined) surrounding shareholders having their WBD shares bought out without the value of Discovery Global built-in under the Netflix merger. Paramount remains convinced that its offer is "superior" to that of Netflix, while WBD maintains Paramount's bid offers "insufficient value" and that Paramount has failed to submit a true best proposal "despite clear direction from WBD on both the deficiencies and potential solutions." The lawsuit now aims to force WBD to spell out exactly how it arrived at recommending the Netflix deal over Paramount's bid. WBD expressed concerns over whether a potential Paramount deal would even reach closing, citing the substantial debt the smaller studio would have to take on to pull off a leveraged buyout.This article originally appeared on Engadget at https://www.engadget.com/entertainment/paramount-wont-quit-files-suit-against-warner-bros-discovery-over-rejected-bid-175317166.html?src=rss
Category:
Marketing and Advertising
India is considering new smartphone security rules that would require device makers to allow government access to source code for vulnerability analysis. It would also require companies to notify the government of major software updates and security patches before rollout, according to Reuters. This is the latest in a raft of unprecedented proposals by the Indian government under the guise of security, as it weighs making a package of 83 security standards drafted in 2023 legally binding in the worlds second-largest smartphone market with nearly 750 million smartphones. Under the proposals, any source code review would be analyzed and potentially tested at designated labs in India. Major phone manufacturers have reportedly warned the Indian government that such a move risks revealing proprietary information. The source code proposal comes alongside a series of additional recommendations such as restrictions on background permissions for apps and the option to remove all preinstalled apps. Reuters also reports the package would mandate periodic malware scanning and require phones to store system logs for at least 12 months, requirements that industry groups told the publication would drain battery life, run into storage limits and slow the rollout of necessary security updates. The nations IT ministry told Reuters it "refutes the statement" that it is proposing manufacturers hand over their source code. This was despite a review of internal government and industry documents as part of the reporting. Government officials and industry executives are reportedly due to meet Tuesday for more discussions. Last month, India was set to require a state-owned cybersecurity app be preinstalled on every smartphone in the nation before backpedaling after intense backlash. Just two days later, there was reportedly a proposal to require that smartphones keep location services on at all times with no way to turn them off.This article originally appeared on Engadget at https://www.engadget.com/cybersecurity/india-is-proposing-another-far-reaching-security-rule-for-smartphones-155204829.html?src=rss
Category:
Marketing and Advertising
All news |
||||||||||||||||||
|
||||||||||||||||||