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Lucas Shaw / Bloomberg:
Sources: Jeffrey Katzenberg secured $800M for his NewTV startup, led by Meg Whitman, to produce series at $5M-$6M/hr in 10-15min episodes, likely for streaming   —  - Hollywood mogul looks to make shows with short running times  — Executive helped lead Walt Disney's comeback during the 1980s
May 11, 2018, 10:45 PMIn context
Brandon Kochkodin / Bloomberg:
Companies like Apple, Microsoft, and Alphabet stopped mentioning overseas cash in quarterly reports after tax overhaul required them to pay tax on such holdings   —  - New law requires companies to pay taxes on money held abroad  — Other corporations also drop mention of overseas holdings
May 11, 2018, 10:20 AMIn context
Jeran Wittenstein / Bloomberg:
Nvidia says it earned $289M from sales of its chips to cryptocurrency miners in Q1 of 2018, but expects crypto revenue to decline by two-thirds in Q2   —  Nvidia Corp. revealed for the first time how much revenue it generated from chip sales to the cryptocurrency market — and said that figure will be much smaller in the second quarter.
May 10, 2018, 9:45 PMIn context
Ben Brody / Bloomberg:
White House science adviser Michael Kratsios tells over 40 companies at AI summit that the Trump administration plans a hands-off approach to AI regulation   —  The White House unveiled a hands-off regulatory approach to foster the development of artificial intelligence at a gathering of more than 40 companies in Washington Thursday.
May 10, 2018, 1:32 PMIn context
Mark Bergen / Bloomberg:
Google faces pushback after demoing its Duplex service, a voice-based assistant programmed to sound as human as possible, which many found uncanny   —  The most talked-about, futuristic product from Google's developer show isn't even finished yet — and Google hasn't agreed how to do it.
May 10, 2018, 11:15 AMIn context
Bloomberg:
House Democrats release 3,519 Facebook ads from Russia-linked accounts, spanning 2015 to 2017, showing a coordinated campaign to sow distrust in US politics   —  - House Intelligence Committee Democrats publish 3,519 ads  — Posts targeted specific groups to inflame civil discord
May 10, 2018, 10:08 AMIn context
Bloomberg:
Sources: Apple plans to let users buy subscriptions to some third-party video services in its TV app, rather than individual apps, starting next year   —  - Strategy in development looks a lot like rival Amazon.com's  —  Apple Inc.'s plan to reinvent cable TV is starting to look a lot like the strategy of its rival Amazon.com Inc.
May 9, 2018, 3:21 PMIn context
Bloomberg:
South African media giant Naspers says it made $2.2B from its ~11% stake in Flipkart after Walmart acquisition   —  Africa's largest company just chalked up another major investment coup.  —  Naspers Ltd. netted a cool $1.6 billion profit from the sale of its 11 percent stake …
May 9, 2018, 11:15 AMIn context
Kim McLaughlin / Bloomberg:
Sweden-based Peltarion, which is developing a platform that uses AI to help businesses and has NASA and Tesla as clients, raises €11M from FAM and EQT Ventures   —  Sweden's most powerful industrial family has invested 11 million euros ($13 million) in a maker of a software platform …
May 8, 2018, 5:00 PMIn context
Ian King / Bloomberg:
Source: Qualcomm is exploring whether to shutter or sell its server chip business, a sector that Intel dominates   —  - Company may shut, sell fledgling data-center processor unit  — Chipmaker sought to offer an alternative to Intel's products  —  Qualcomm Inc., the biggest maker …
May 8, 2018, 3:15 PMIn context

Sponsor Posts

Microsoft:
Testing a datacenter under the sea  —  Envisioned to be resilient and self-sustainable, Project Natick enters a new research phase off the Scottish coast.
IBM:
IBM will give $200,000 to a team that can come up with a solution for natural disaster preparedness  —  Call for Code, The initiative for developers to use their mastery of the latest technologies, to build solutions that can change the world.
eero:
Another day, another cyber security threat. eero keeps your network protected.  —  VPNFilter is the latest router-based malware and is estimated to affect over 500,000 consumer routers.
Zoho:
Managing your training team is now a breeze  —  Clara is the head of Learning and Development (L&D) at Zylker Corp, and trains employees in domains like soft skills and leadership.