Technology - CybAI news

09 Aug

Citadel Helps the Pandas, Larry Ellison’s Resort

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Welcome to Social Buzz, a daily column looking at what’s trending on social media platforms. I’m Louise Moon on Bloomberg’s Breaking News team, which monitors everything from company statements to social-media posts from some of the most prominent people in the financial world. Here’s your daily look at what the internet is talking about.Top executives from Citadel lent a hand in giving giant pandas Xin Bao and Yun Chuan a home in San Diego— the first to be loaned to the US by China in 21 years. Ken Griffin, chief executive officer of Citadel, and Peng Zhao, CEO of Citadel…

09 Aug

Millicom’s Board Committee Rejects Xavier Niel’s Improved Bid

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Millicom International Cellular SA rejected a raised offer from billionaire Xavier Niel who is seeking to buy the Latin American phone carrier for $4.4 billion. Niel’s Atlas Luxco Sarl last week offered $25.75 a share in cash for Millicom, which improved on a previous offer of $24 a share after the company’s independent board committee dismissed the initial offer as too low. In a statement published Friday, Millicom said the committee thinks the price offered remains unsatisfactory since it “continues to be well below trading multiples for comparable listed companies.” Source link lol

09 Aug

How a Video Game Developer Wound Up in Congress

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Jay Obernolte, owner of Farsight Studios, was elected to the House of Representatives in 2020 Source link lol

09 Aug

Brookfield Is Considering Stake Sale in Data4’s Mature Assets

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Brookfield Infrastructure Partners is weighing a minority stake sale in some of the assets of French data center operator Data4, according to people with knowledge of the matter. Brookfield is working with Citigroup Inc. on seeking investors for Data4’s so-called stabilized assets, which refer to fully-constructed data centers with high and stable tenancy rates, the people said. The stabilized asset portfolio has a valuation of more than €3.5 billion ($3.8 billion), said one of the people, who asked not to be identified as the information is private. Initial bids are expected in September, they said. Source link lol

09 Aug

Khosla Ventures Backs AI Startup DevRev at $1.15 Billion Valuation

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DevRev Inc., a startup using artificial intelligence for customer support and other tasks, raised $100 million from Khosla Ventures and other investors in round that valued the company at $1.15 billion.Co-founded in 2020 by Chief Executive Officer Dheeraj Pandey, who also helped start Nutanix Inc., DevRev says its offerings use AI to improve the efficiency of employees on support, product and engineering teams. Source link lol

09 Aug

Cisco to Cut Thousands of Jobs in New Layoff Round, Reuters Says

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Cisco Systems Inc. plans to cut thousands more jobsBloomberg Terminal in a second round of layoffs this year, Reuters reported, as the networking equipment maker shifts its focus to faster-growing businesses such as cybersecurity and artificial intelligence.The news comes on top of the approximately 4,000 jobs the company announced in February that it would eliminate, after a slowdown in corporate tech spending wiped out its sales growth. Source link lol

09 Aug

Buffett’s Apple Share Dump Is Set to Reshape Major Stock Gauges

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Warren Buffett’s sudden sale of a huge pile of Apple Inc. shares has come with a surprise silver lining for investors in the iPhone maker: Its influence in major stock indexes is set to be fully unleashed.Apple’s weighting in a slew of benchmarks has been depressed for years because Buffett’s Berkshire Hathaway Inc. tends to hold its investments for the long run, making them unavailable for trading. As a result, index providers calculated the tech company’s weight based on a methodology known as float-adjusted market capitalization. Source link lol

09 Aug

Bridgepoint Said to Explore Takeover Bid for Software Firm Esker

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Bridgepoint Group Plc is considering a bid to take over Paris-listed software provider Esker SA, according to people familiar with the matter.The UK private equity firm has been working with advisers on a potential offer, the people said. Deliberations are ongoing and may not result in a transaction, said the people, who asked not to be identified as the information is private. Source link lol

09 Aug

Italy Makes Cybersecurity Demands in Talks on Chinese Auto Plant

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Italy is demanding Dongfeng Motor Group Co. agree to safeguards on cybersecurity and data protection as the price of support for a new plant by the Chinese automaker, according to people familiar with the matter.As talks advance with Dongfeng, Prime Minister Giorgia Meloni’s government is requiring components such as infotainment units be provided by local suppliers for security reasons, the people said, asking not to be identified discussing confidential negotiations. Italian officials also want consumer data to be collected and managed within the country, they said. Source link lol

09 Aug

Cellnex Sells Unit For €803 Million, Signals Share Buyback

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Cellnex Telecom SA has agreed to sell its Austrian business to an investor consortium comprised of Vauban Infrastructure Partners, EDF Invest and MEAG for an enterprise value of €803 million ($877 million), as the Spanish tower operator works to cut debt and exit smaller markets.The deal includes an unconditional deferred payment of €272 million in December 2028 and is subject to customary regulatory approvals, Cellnex said in a statementBloomberg Terminal on Friday. Once the transaction closes, the company “will reassess its capital allocation priorities,” it said, in reference to a possible share buyback. Source link lol