VertiGIS Networks Enters the North American Utilities Market
RICHMOND, Va. & LONDON--(BUSINESS WIRE)--May 9, 2023--
2023-05-10 00:16
Microsoft changes its takeover of Call of Duty developer in attempt to get it approved
Microsoft has made a major change to its proposed takeover of the developer of Call of Duty, in yet another attempt to get it completed. The company is hoping to buy Activision Blizzard for $69 billion, or £54 billion, in what would be one of the biggest sales ever. But it has faced intense regulatory scrutiny, including by the UK’s Competition and Markets Authority, which has looked to block the deal. Now it has said that it has sent a fresh proposal for how the takeover would work in an attempt to convince the CMA that the deal should go ahead. But it has stressed that there is still no “green light” for the deal. It came as the regulator confirmed on Tuesday that Microsoft‘s original plan to buy the computer games company “cannot proceed”. Under the new proposal, Microsoft would sell off its rights to offer games via the cloud for new or existing Activision PC or console games for the next 15 years outside the European Economic Area (EEA). It will instead sell those rights to Ubisoft, a rival developer known for the Assassin’s Creed and Far Cry games series. This is designed to ensure that gamers have access to Activision Blizzard’s games, even on consoles and computers not made by Microsoft. The CMA will now launch a new probe into this deal, a so-called Phase 1 investigation. CMA chief executive Sarah Cardell said: “The CMA has today confirmed that Microsoft‘s acquisition of Activision, as originally proposed, cannot proceed. “Separately, Microsoft has notified a new and restructured deal, which is substantially different from what was put on the table previously “This is not a green light. We will carefully and objectively assess the details of the restructured deal and its impact on competition, including in light of third-party comments.” Microsoft president Brad Smith said: “Under the restructured transaction, Microsoft will not be in a position either to release Activision Blizzard games exclusively on its own cloud streaming service, Xbox Cloud Gaming, or to exclusively control the licensing terms of Activision Blizzard games for rival services.” It marks a new twist in the case, the biggest fight the CMA has taken on since gaining new post-Brexit powers. At one point the case looked like as though it would only end after a court battle. In January 2022 Microsoft announced that it planned to buy Activision Blizzard, the company behind the Call Of Duty and World Of Warcraft games, for an eye-watering sum. When the UK was still an EU member, a deal of that size would have been assessed by regulators in Brussels. But after Brexit the CMA now has the power to investigate such deals itself. Although both companies are American, both have significant businesses in the UK so their tie-up could have a significant impact on competition here. Activision Blizzard chief executive Bobby Kotick said: “For us, nothing substantially changes with the addition of this divestiture: our merger agreement with Microsoft, closing deadline, and the cash consideration to be paid for each Activision Blizzard share at closing remain the same. “We will continue to work closely with Microsoft and the CMA throughout the remaining review process, and we are committed to help Microsoft clear any final hurdles as quickly as possible. “This has been a longer journey than expected, and I am very proud of how focused everyone has remained on delivering great games.” Additional reporting by agencies Read More Meta could finally launch Threads feature everyone is waiting for Japanese scientists hoping for a message from alien life imminently iPhone 15 could bring two major changes to fix battery life Meta could finally launch Threads feature everyone is waiting for Japanese scientists hoping for a message from alien life imminently iPhone 15 could bring two major changes to fix battery life
2023-08-23 00:47
Synopsys names insider Ghazi as CEO, forecasts stronger fourth quarter
By Jaspreet Singh and Max A. Cherney Chip design software company Synopsys on Wednesday named 25-year-veteran Sassine Ghazi
2023-08-17 06:18
ChatGPT turns to business as popularity wanes
OpenAI on Monday said it was launching a business version of ChatGPT as its AI bot sensation grapples with declining usership nine...
2023-08-29 03:25
How to watch Royal Ascot 2023 for free from anywhere in the world
Fans of horse racing from around the world will be turning their attention towards Ascot
2023-06-17 12:19
New Plastics ‘Offsets’ Point to Next Frontier in Controversial Green Claims
Some of the world’s biggest consumer companies are boasting a new environmental claim: net zero plastics, or “plastic
2023-11-13 14:45
OpenAI announces return of Sam Altman as chief executive
Sam Altman will return to OpenAI after an agreement in principle was reached, the company has announced. Posting on X, formerly known as Twitter, OpenAI also announced a new initial board of former Salesforce chief executive Bret Taylor, the former US treasury secretary Larry Summers and Quora chief executive Adam D’Angelo. Mr Altman also posted, saying “i love openai, and everything i’ve done over the past few days has been in service of keeping this team and its mission together.” Last week the board of OpenAI, which created the ChatGPT artificial intelligence tool, said it had pushed Mr Altman out after a review found he was “not consistently candid in his communications” with the board. Greg Brockman, the company’s president and co-founder, who left in protest at Mr Altman’s sacking said on X: “Amazing progress made today. We will come back stronger and more unified than ever.” “Returning to AI & getting back to coding tonight,” Mr Brockman added. The previous board of directors, which included Mr D’Angelo and Mr Brockman, refused to give specific reasons to why they fired Mr Altman last Friday. This led to mounting pressure within the company to reinstate Mr Altman, including a threatened exodus of nearly all of the company’s 770 employees. Microsoft, which has invested billions of dollars in OpenAI, moved to hire Mr Altman and Mr Brockman on Monday. In a post on social media on Wednesday morning, the chairman and chief executive of Microsoft, Satya Nadella, said he is “encouraged by the changes to the OpenAI board”. “We believe this is a first essential step on a path to more stable, well-informed, and effective governance.” Read More Data protection watchdog warns websites over cookie consent alerts Employee data leaked during British Library cyber attack Half of adults who chat online with strangers do not check age – poll Businesses embracing generative AI but fear cyberattacks, survey finds Young Britons turning to AI chatbots for help with school and work – survey Police to trial use of drones as first responders to emergencies
2023-11-22 15:46
Most Likely to Create the Best Yearbooks: Picsart and Walsworth Partner to Bring the Internet’s Favorite Tools to Schools
MIAMI--(BUSINESS WIRE)--Aug 10, 2023--
2023-08-11 03:24
New chatbot connects abortion-seekers with care options
A chatbot launching Tuesday aims to give users confidential, accurate information when seeking abortion care.
2023-09-12 21:24
Traffic, wet concrete, and a collision with a fire truck: Robotaxis cause chaos in San Francisco after expansion
On 10 August, California regulators voted to expand the footprint of paid taxi services by autonomous, driverless cars from Cruise and Waymo in San Francisco. Since then, it’s been utter chaos, with the AVs involved in traffic jams, slapstick malfunctions, and a car accident with a fire truck. A day after the vote, video went viral on social media showing about 10 frozen Cruise taxis snarling traffic in the North Beach neighbourhood, which company officials later said was caused by a connectivity issue due to a spike in cell traffic because of a nearby music festival. The following Tuesday, a Cruise taxi was stuck in wet concrete at a construction site. “I can see five different scenarios where bad things happen and this is one of them,” resident Paul Harvey told SFGATE. “It thinks it’s a road and it ain’t because it ain’t got a brain and it can’t tell that it’s freshly poured concrete.” Two days after that, a Cruise taxi had what might be its most serious accident yet, colliding with a fire truck in the Tenderloin neighbourhood, giving the taxi’s passengers non-severe injuries. A firefighter in the truck said the AV “lurched” as it passed through an intersection ABC 7 reports, while Cruise said its vehicle detected the emergency sirens but was unable to get out of the way in time from the truck, which drove into the oncoming traffic lane. “The AV’s ability to successfully chart the emergency vehicle’s path was complicated by the fact that the emergency vehicle was in the oncoming lane of traffic, which it had moved into to bypass the red light,” the company wrote in a statement. “Cruise AVs have the ability to detect emergency sirens, which increase their ability to operate safely around emergency vehicles and accompanying scenes. In this instance, the AV identified the siren as soon as it was distinguishable from the background noise. “The Cruise AV did identify the risk of a collision and initiated a braking maneuver, reducing its speed, but was ultimately unable to avoid the collision,” the company added. Following the repeated mishaps, the California Department of Motor Vehicles asked Cruise to cut its 400-strong deployment of AVs in San Francisco in half, with the agency saying it was “investigating recent concerning incidents.” As The Independent reported, critics of AVs warned ahead of their expansion in San Francisco that the driverless cars weren’t ready for primetime, particularly when it comes to interfacing with emergency vehicles. According to data Cruise shared with the state earlier this month, between January and mid-July of 2023, Cruise AVs temporarily malfunctioned or shut down 177 times and required recovery, 26 of which such incidents occurred with a passenger inside, while Waymo recorded 58 such events in a similar time frame. Meanwhile, according to the San Francisco Municipal Transit Agency (SFMTA), between April 2022 and April 2023, Cruise and Waymo vehicles have been involved in over 300 incidents of irregular driving including unexpected stops and collisions, while the San Francisco Fire Department says AVs have interfered 55 times in their work in 2023. Last year, Cruise lost contact with its entire fleet for 20 minutes according to internal documentation viewed by WIRED, and an anonymous employee warned California regulators that year the company loses touch with its vehicles “with regularity.” Since being rolled out in San Francisco, robotaxis have killed a dog, caused a mile-long traffic jam during rush hour, blocked a traffic lane as officials responded to a shooting, and driven over fire hoses. Jeffrey Tumlin, San Francisco’s director of transportation, has called the rollout of robotaxis a “race to the bottom,” arguing Cruise and Waymo weren’t yet definitive transit solutions, and instead had only “met the requirements for a learner’s permit.” Read More How a vote to empower autonomous ‘robotaxis’ from Cruise and Waymo has divided San Francisco GM's Cruise autonomous vehicle unit agrees to cut fleet in half after 2 crashes in San Francisco San Francisco launches driverless bus service following robotaxi expansion GM's Cruise autonomous vehicle unit agrees to cut fleet in half after 2 crashes in San Francisco Chinese military launches drills around Taiwan as 'warning' after top island official stopped in US San Francisco launches driverless bus service following robotaxi expansion
2023-08-20 03:57
xQc rakes in massive $550K during first gambling stream on Kick, Internet says, 'he got full control of his funds'
An xQc fan who was amazed by the substantial amount he won during the stream, headed to Reddit to craft and share a post detailing their astonishment
2023-08-18 18:48
Troubled Crypto Firm Put Into Receivership in Nevada
The Eighth Judicial District Court of Nevada has ordered Prime Trust LLC into receivership amid allegations the custodian
2023-07-19 04:29
You Might Like...
Nvidia Unveils Faster Chip Aimed at Cementing AI Dominance
SecurityScorecard Research Reveals 78% of Europe’s Largest Financial Institutions Experienced a Third-party Breach in the Past Year
Google Pixel Tablet Review
Fast fashion firms prepare for EU crackdown on waste mountain
Lizard 'can't be reasoned with' in Marvel's Spider-Man 2
What’s Trending Today: Delta Air’s Plane Slide Deployed by Accident, Tucker Carlson, Reddit Blackout
US education chief considers new ways to discourage college admissions preference for kids of alumni
AC is hard on the planet. This building has a sustainable solution
