infrastructure - CybAI news

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

09 Aug

Turkey’s Instagram Ban Hits Women Entrepreneurs as Orders Dry Up

stp2y0 CommentsRAG modelsEntrepreneurs, equality, food, infrastructure, Ismail Haniyeh, META PLATFORMS INC-CLASS A, Recep Tayyip Erdogan, regulation, social media, Technology, turkey, Women

Turkey’s decision to block access to Instagram has hit female entrepreneurs who rely on the popular social media application to sell everything from cookies to bed sheets.“We’ve been using Instagram to showcase our products and reach out to a wider client base,” said Ezgi Akincilar, founder of online retailer Antalya’dan Iste, which sells food products from honey and jam to canned artichokes. Source link lol

09 Aug

How a Traditional Toymaker Is Going Big on Digital Games

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Listen to Odd Lots on Apple PodcastsListen to Odd Lots on SpotifySubscribe to the newsletterHasbro has been making toys for decades, including many classic favorites like G.I. Joe and My Little Pony. But in recent years, it's also been going big on digital games. An app version of the classic board game Monopoly — called Monopoly GO! — has become one of the top mobile games of all time and grossed billions in revenue since it launched last year. Hasbro also owns Wizards of the Coast, the publisher of Magic: The Gathering, Dungeons & Dragons, and the best-selling video game…

09 Aug

TSMC Sales Grow 45% in July on Strong AI Chip Demand

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Taiwan Semiconductor Manufacturing Co.’s revenue rose 45% in July, an early indication of strong demand for AI chips even as a global tech selloff underlined growing doubts about the technology’s potential.Sales for the month reached NT$256.95 billion ($7.9 billion). For the third quarter, analysts project TSMC revenue should grow 37% to NT$747.4 billion, with the July result suggesting TSMC may surpass those expectations. Source link lol

09 Aug

Samsung Recalls Million-Plus Electric Stoves After Fire Reports

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Samsung Electronics Co. is recalling more than 1.1 million electric stoves sold in the US since 2013, following reports of 250 fires that damaged property, killed pets and injured about 40 people.South Korea’s largest company is offering free locks and covers to buyers of more than a dozen stove models, which help ensure their front-mounted range knobs stay in the “off” position, according to a notice posted on the US Consumer Product Safety Commission’s website. Samsung sold the stoves through retailers from Best Buy to Costco nationwide for between $1,250 and $3,050, the notice read. Source link lol

09 Aug

Saudi Film Industry Calls on Hollywood to Nurture Local Talent

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At the end of a meandering desert road, between cliffs streaked with red hues and burnt orange sand, sits a pristine, state-of-the art film studio, awaiting its first production.Located in the outskirts of AlUla, a city in northwest Saudi Arabia built more than 2,000 years ago along the Silk Road, the facility is as untouched as the landscapes around it. Source link lol

08 Aug

Pitney Bowes to Liquidate Ecommerce Unit in Bankruptcy

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Shipping firm Pitney Bowes Inc. agreed to liquidate much of its ecommerce business in bankruptcy as part of a deal with Hilco Global.Under the agreement, affiliates of Hilco agreed to buy a controlling stake in the ecommerce business and then sell it off piecemeal, according to a statementBloomberg Terminal from Pitney Bowes. The ecommerce entities filed for Chapter 11 bankruptcy Thursday, listing debts and assets of as much as $500 million each. Source link lol

08 Aug

Oracle, Google Veterans Join Nvidia-Backed CoreWeave to Lead AI

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CoreWeave Inc. hired two senior executives from Google and Oracle Corp. to build out its artificial intelligence infrastructure after the Nvidia Corp.-backed cloud computing company raised billions of dollars from investors.Chen Goldberg, who most recently served as general manager and vice president of engineering at Alphabet Inc.’s Google unit, will be the senior vice president of engineering, according to Brannin McBee, co-founder and chief development officer at CoreWeave. Sachin Jain, who was Oracle’s senior vice president of AI infrastructure and product management, will serve as chief operator officer, McBee said. They start next week. Source link lol

07 Aug

Cyber Researchers Push Water, Oil Utilities to Fix Weak Spots

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Outside interference remains too easy despite frequent warnings, experts warn. Source link lol

07 Aug

HPE’s $14 Billion Juniper Deal Wins UK Antitrust Approval

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Hewlett Packard Enterprise Co.’s $14 billion deal to buy Juniper Networks Inc. was cleared by the UK’s antitrust watchdog, paving the way for the firm to expand its presence in networking.The Competition and Markets Authority said Wednesday it had cleared the tie-up after investigating whether it would cause a substantial lessening of competition in the UK. The EU similarly wavedBloomberg Terminal through the deal last week, saying it did not raise competition concerns in the markets examined. Source link lol