Television

Apple TV+ Will License Its Movies To Other Services To Reduce Billions In Losses (bloomberg.com) 48

According to a new report from Bloomberg, Apple plans to license some of its Apple TV+ content to competing services in an effort to save money and spread its reach. From the report: Apple has hired an executive to license its original productions to other companies, a strategy designed to increase sales from its film business and improve the visibility of its content. [...] Apple is focused on licensing its movies to other companies, such as foreign TV networks and stores, where viewers can rent or buy them, according to a person familiar with the plans. The company isn't planning to license its original TV shows to third parties. (At least not yet.)"

Chief Executive Officer Tim Cook and services boss Eddy Cue have pushed the team overseeing Apple TV+ to lower costs, improve the financial performance of the service and deliver more hits. The company has spent billions of dollars on original films and TV shows and has received strong reviews and praise from critics. Yet few of its titles have attracted a large audience and its streaming service doesn't make money. Apple has already started selling TV+ via Amazon in a bid to increase the audience for the service. Licensing to third parties will generate additional revenue and introduce Apple movies to people who don't yet pay for TV+.
Since Apple TV+ launched in 2019, Apple has spent over $20 billion to build a library of original content. Yet, the streaming service only garnered 0.3 percent of U.S. screen viewing time in June 2024, according to Nielsen. "Apple TV+ generates less viewing in one month than Netflix does in one day," wrote Bloomberg's Lucas Shaw in July.

Ars Technica notes that Apple is estimated to have 25 million subscribers, making it "one of the smallest mainstream streaming services."
Businesses

Bose Acquires Premium Audio Brand McIntosh 68

Bose has acquired the high-end audio brand McIntosh, a move the company says will "significantly" expand its product lineup and open "new opportunities in the automotive sector." The Verge reports: McIntosh has already designed a sound system for some Jeep models, but Bose's audio setups are found within a wider range of cars from automakers like Chevy, Honda, Nissan, Cadillac, and many others. It doesn't look like Bose or McIntosh will make any changes to their existing products. Bose says it will continue to launch its headphones, speakers, soundbars, and in-car audio, while McIntosh and Sonus faber will keep developing premium audio products, including amplifiers, loudspeakers, and turntables. "Over the last six decades we've delivered the best premium audio experiences possible; now, with McIntosh Group in our portfolio, we can unlock even more ways to bring music to life in the home, on-the-go and in the car," Bose CEO Lila Snyder said in a press release. "We look forward to honoring the heritage of these brands, investing in their future and pushing the boundaries of audio innovation to bring customers experiences they've never heard before."
Games

Minecraft Enters Real World With $110 Million Global Theme Park Deal (theguardian.com) 8

An anonymous reader shares a report: The global gaming phenomenon Minecraft is coming to the real world for the first time in a global deal to open themed rides, attractions, hotel rooms and retail outlets, starting with the UK and US. Minecraft has struck a deal with UK-headquartered Merlin Entertainments -- Europe's largest theme park operator and the second biggest globally after Disney -- which runs more than 135 attractions in 23 countries including Alton Towers, Legoland, Sea Life, Madame Tussauds and the London Eye.

Under the terms of the deal, Merlin will invest more than $110 million in the first two attractions. They are due to open in the UK and the US in 2026 and 2027, in either an existing theme park or as new city centre attractions. Over the longer term the two companies plan to expand the strategic partnership, which is called "Adventures Made Real," to other countries and territories. Minecraft is the bestselling video game of all time, with 140 million players each month, in territories as disparate as Antarctica and Vatican City, and there are more than 1.3 trillion videos posted by game players on YouTube.

Microsoft

Microsoft Rolls Out Recovery Tools After CrowdStrike Incident 60

Microsoft has announced sweeping changes to Windows security architecture, including new recovery capabilities designed to prevent system-wide outages following July's CrowdStrike incident that disabled 8.5 million Windows devices.

The Windows Resiliency Initiative introduces Quick Machine Recovery, allowing IT administrators to remotely fix unbootable systems through an enhanced Windows Recovery Environment. Microsoft is also mandating stricter testing and deployment practices for security vendors under its Microsoft Virus Initiative, including gradual rollouts and monitoring procedures.

The company is also developing a framework to move antivirus processing outside the Windows kernel, with a preview planned for security partners in July 2025.
AI

The US Patent and Trademark Office Banned Staff From Using Generative AI 33

An anonymous reader shares a report: The US Patent and Trademark Office banned the use of generative artificial intelligence for any purpose last year, citing security concerns with the technology as well as the propensity of some tools to exhibit "bias, unpredictability, and malicious behavior," according to an April 2023 internal guidance memo obtained by WIRED through a public records request. Jamie Holcombe, the chief information officer of the USPTO, wrote that the office is "committed to pursuing innovation within our agency" but are still "working to bring these capabilities to the office in a responsible way."

Paul Fucito, press secretary for the USPTO, clarified to WIRED that employees can use "state-of-the-art generative AI models" at work -- but only inside the agency's internal testing environment. "Innovators from across the USPTO are now using the AI Lab to better understand generative AI's capabilities and limitations and to prototype AI-powered solutions to critical business needs," Fucito wrote in an email.
Businesses

Spirit Airlines Files For Bankruptcy (apnews.com) 62

Spirit Airlines has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel, stiffer competition from bigger carriers, and a failed attempt to sell the airline to JetBlue. From a report: Spirit, the biggest U.S. budget airline, filed a Chapter 11 bankruptcy petition after working out terms with bondholders.

The airline has lost more than $2.5 billion since the start of 2020 and faces looming debt payments totaling more than $1 billion in 2025 and 2026. The airline said it expects to continue operating normally during the bankruptcy process.

Spirit told customers Monday they can book flights and use frequent-flyer points as they ordinarily would, and said employees and vendors would continue getting paid.

Businesses

Weekends Were a Mistake, Says Infosys Co-founder Narayana Murthy (theregister.com) 257

Infosys founder Narayana Murthy has tripled down on his previous statements that 70-hour work weeks are what's needed in India and revealed he also thinks weekends were a mistake. From a report: Speaking on Indian TV channel CNBC-TV18 at the Global Leadership Summit in Mumbai last week Murthy once again declared he did not "believe in work-life balance." "I have not changed my view; I will take this with me to my grave," he asserted .

The argument from Murthy, and like-minded colleagues he quotes, is that India is a poor country that has work to do improving itself. Work-life balance can wait. The Infosys founder held prime minister Narendra Modi and his cabinet up as an example of proper workaholics, claiming the PM toils for 100 hours a week, and suggested that not following suit demonstrates a lack of appreciation. "Frankly I was a little bit disappointed in 1986 when we moved from a six-day week to a five-day week," he added.

"I was not very happy with that. I think in this country, we have to work very hard because there is no substitute for hard work even if you're the most intelligent guy," he said to an appreciative audience and laughing news anchor Shereen Bhan. Murthy claimed he himself worked six and a half days a week until retirement, typically 14 hours and 10 minutes a day, clocking on at 6:20 AM before downing tools at 8:30 PM.

Games

World of Warcraft Turns 20 64

An anonymous reader shares a report: Blizzard Entertainment first released World of Warcraft in November 2004, so The New York Times celebrated the anniversary by outlining the many ways we can still see the massively multiplayer online roleplaying game's influence's 20 years later.

For one thing, while multiplayer games and early social networks such as MySpace already existed, WoW provided a real preview of a future where everyone would connect to friends and strangers online. For another, the game made billions of dollars with a business model combining monthly subscriptions with in-game purchases (including for pets and animals that players could ride), becoming a massive cash cow for Blizzard and pointing the way to future internet business models.
Sci-Fi

New Dune Prequel 'Dune: Prophecy' Premieres on HBO and Max (sfchronicle.com) 69

A new six-episode Dune series premiers tonight on HBO and Max — a prequel to the Denis Villeneuve-directed Dune movies set 10,000 years before the birth f Paul Atreides. The Hollywood Reporter writes that it "draws on source material from the 2012 novel Sisterhood of Dune by Brian Herbert and Kevin J. Anderson, and Frank Herbert's 1965 novel Dune, the origin of the Dune universe." Cord-cutters can stream Dune: Prophecy online without cable on Max, with subscriptions starting at $9.99 per month through both Prime Video and the Max website directly. Amazon offers a seven-day free trial to the Max channel. Those who want to watch Dune: Prophecy online without a traditional cable service can also get Max as an add-on to existing streaming services, including Hulu and DirecTV Stream.
The San Francisco Chronicle describes the series as "">all palace intrigues, agonizing deaths and magical mind games." Taking a further cue from the network's top-rated Game of Thrones, this show indulges more sex and nudity than the Dune movies allow. It could be argued that elements like this introduce a liveliness often missing from the portentous big-screen behemoths, marking an improvement. Another fun touch here: Many characters are constantly baked.

Set a millennium before Frank Herbert's novels and the films' events, and a century after humans overthrew their "thinking machine" overlords, the psychoactive "Spice" from the desert planet Arrakis is already the most valued substance in the universe. It's not only vital for spaceship navigation and to expand the mental powers of sorceressy sisterhoods like the Bene Gesserit, it's the club drug of choice for younger members of the galaxy-ruling Great Houses. As ever with "Dune" business, control of the Spice trade fuels much of the conflict and character motivations.

Of which there are just enough to keep things interesting without becoming confusing... While the show can't match the outsize visual scope of Denis Villeneuve's films, it does pleasingly approximate those vast alien landscapes, Brutalist edifices and high-ceilinged chambers on a TV budget. For those who find Villeneuve's formal gigantism oppressive, the series' more human scale might be another welcome change of pace... There may not be an original thought in this "Dune" product's Spice-soaked head, but it is one professionally put-together piece of this sort of entertainment.

"Tasked with making more material with less money and time, Prophecy cannot hope to equal Villeneuve's aesthetic accomplishments," writes Variety. "But at its best, the show does justice to the intricate politics and ethical debates that form a cornerstone of Frank Herbert's fictional universe... The primary Dune plot finds many echoes throughout Prophecy..."

On the other hand, Vulture argues the six-episode series is "stuck in prequel quicksand," even calling it "an act of cowardice and abdication of creativity" (while also noting moments where it "feels like it's stretching itself to be something other than what we expect..."
Google

Google, Microsoft Are Spending Massively on AI, Quarterly Earnings Show (apnews.com) 37

This week Alphabet CEO Sundar Picahi assured investors that their long-term AI focus and investment (and a "commitment to innovation") "are paying off," reports the Associated Press. Alphabet's stock has already soared 20% this year, and it's "still thriving" as the company "navigates through a pivotal shift to AI and battles regulators..." Alphabet earned $26.3 billion, or $2.12 per share during the most recent quarter, a 34% increase from a year ago. Revenue rose 15% from the same time last year to $88.27 billion... The profits would have been even higher if Google wasn't pouring so much money into building up its AI arsenal in a technological arms race that includes other industry heavyweights Microsoft, Amazon, Apple, Facebook parent Meta Platforms and rising star OpenAI. The AI investments are the primary reason Google's capital expenditures in the past quarter soared 62% from the same time last year to $13.1 billion. The AI spending will likely stay at roughly the same level during the current October-December period, and the rise even higher next year, according to Anat Ashkenazi, Alphabet's chief financial officer.

But Ashkenazi also emphasized the Mountain View, California, company will act on cost-cutting opportunities in other areas to help boost profits. Alphabet already has trimmed its payroll from more than 190,000 worldwide employees early last year to about 181,000 workers now. In an example of how AI can perform tasks that once required human brainpower, Pichai said the technology is now writing more than 25% of the company's new computer coding.

After the results, investors sent Alphabet's stock price up 5% in extended trading, the article points out. "Both Alphabet's profit and revenue increased at a brisker pace than industry analysts anticipated, thanks primarily to a moneymaking machine powered by Google's ubiquitous search engine... [Google's digital search-engine ads earned $49.39 billion, 12% more than the same quarter of 2023.] And Google's cloud division is growing at an even more robust rate, thanks to demand for AI services. The cloud division generated $11.35 billion in revenue during the past quarter, a 35% increase from last year."

And meanwhile over at Microsoft, quarterly sales surged 16% to $65.6 billion, reports the Associated Press. But again, "the company sought to assure investors its huge spending on artificial intelligence is paying off." The company has spent billions of dollars to expand its global network of data centers and other physical infrastructure required to develop AI technology... As a result, AI-related products are now on track to contribute about $10 billion to the company's annual revenue, the "fastest business in our history to reach this milestone," CEO Satya Nadella said on a call with analysts Wednesday. [Though Microsoft "hasn't yet formally reported revenue specifically from AI products," the article notes later, with Microsoft instead saying it's infused AI and Copilot into all its business segments.]
Just in the last quarter, Microsoft spent $20 billion "mostly for its cloud computing and AI needs," the article points out.

But there's still making plenty of money... The software maker also reported an 11% increase in quarterly profit to $24.7 billion, or $3.30 per share, which beat Wall Street expectations for the July-September period... Leading in sales for the quarter was Microsoft's productivity business segment, which includes its Office suite of email and other workplace products, growing 12% to $28.3 billion. Microsoft's cloud-focused business segment grew 20% from the same time last year to $24.1 billion for the three months ending Sept. 30. Its personal computing business, led by its Windows division, grew 17% to $13.2 billion. A big part of that growth came from Microsoft's Xbox video game business, which was boosted by its purchase of game publishing giant Activision Blizzard a year ago.
Businesses

Amazon Makes It Harder for Disabled Employees to Work From Home (yahoo.com) 63

"Amazon is making it harder for disabled employees to get permission to work from home," reports Bloomberg, a move they say shows Amazon's "determination" to enforce a five-days-a-week return to the office. The company recently told employees with disabilities that it was implementing a more rigorous vetting process, both for new requests to work from home and applications to extend existing arrangements. Affected workers must submit to a "multilevel leader review" and could be required to return to the office for monthlong trials to determine if accommodations meet their needs... Affected employees are receiving calls from "accommodation consultants" who explain how the new policy works. They review medical documentation and discuss how effective working from home has been for employees who've already received an accommodation as well as any previous attempts to help the person work in the office. If the consultant agrees that the person should be allowed to work from home, another Amazon manager must sign off. If they don't, the request goes to a third manager...

Some workers fear the process was designed to make requests less likely to be approved, two employees said. In internal chat rooms, according to one of them, employees have accused [Chief Executive Officer Andy] Jassy of hypocrisy because the bureaucratic process belies his stated determination to cut through red tape that he says is slowing Amazon down.

"Jassy says the return-to-office requirement will strengthen the company's culture, which he believes has suffered since the pandemic and become overly bureaucratic," the article points out. But it adds that down at the workforce level, the move "is seen by some employees as a way to get people to quit and shrink the workforce."
Transportation

'Automotive Grade Linux' Will Promote Open Source Program Offices for Automakers (prnewswire.com) 28

Automotive Grade Linux is a collaborative open source project developing "an open platform from the ground up that can serve as the de facto industry standard" for fast development of new features. Automakers have joined with tech companies and suppliers to speed up development (and adoption) of "a fully open software stack for the connected car" — hosted at the Linux Foundation, and "with Linux at its core..."

And this week they created a new Open Source Program Office expert group, led by Toyota, to promote the establishment of Open Source Program Offices within the automotive industry, "and encourage the sharing of information and best practices between them." Open source software has become more prevalent across the automotive industry as automakers invest more time and resources into software development. Automakers like Toyota and Subaru are using open source software for infotainment and instrument cluster applications. Other open source applications across the automotive industry include R&D, testing, vehicle-to-cloud and fleet management. "Historically, there has been little code contributed back to the open source community," said Dan Cauchy, Executive Director of Automotive Grade Linux. "Often, this was because the internal procedures or IT infrastructure weren't in place to support open source contributions. The rise of software-defined vehicles has led to a growing trend of automakers not just using, but also contributing, to open source software. Many organizations are also establishing Open Source Program Offices to streamline and organize open source activities to better support business goals."

Automakers including Toyota, Honda, and Volvo have already established Open Source Program Offices. The new AGL OSPO Expert Group provides a neutral space for them to share pain points and collaborate on solutions, exchange information, and develop best practices that can help other automakers build their own OSPOs. "Toyota has been participating in AGL and the broader open source community for over a decade," said Masato Endo, Group Manager of Open Source Program Group, Toyota. "We established an OSPO earlier this year to promote the use of open source software internally and to help guide how and where we contribute. We are looking forward to working with other open source leaders to solve common problems, collaborate on best practices, and invigorate open source activities in the automotive industry."

The AGL OSPO EG is led by Toyota with support from Panasonic and AISIN Corporation.

Businesses

Chegg, Down From $12 Billion To $159 Million In Value, Lays Off Hundreds; CEO Blames Google and AI (sfgate.com) 23

Chegg, the online education company, is laying off 319 workers as it struggles to compete against modern AI chatbots. SFGATE reports: Chegg announced the new layoff round, which will hit 21% of its workforce, in a filing with the Securities and Exchange Commission on Tuesday. The company delivered the news alongside another brutal quarterly financial report; Chegg lost more than $212 million from July through September. CEO Nathan Schultz, in prepared remarks accompanying the report, expressed some optimism but called it a "trying time" for his company. Chegg provides grammar and plagiarism checkers, plus course-by-course study help, along with much-used textbook solution guides.

"Technology shifts have created headwinds for our industry and Chegg's business specifically," Schultz said. "Recent advancements in the AI search experience and the adoption of free and paid generative AI services by students, have resulted in challenges for Chegg. These factors are adversely affecting our business outlook and are requiring us to refocus and adjust the size of our business." He specifically called out Google's AI overviews, a recent change to search results that pulls information from news outlets and sites like Chegg and summarizes above the classic blue links. Schultz said that his team believes Google is "shifting from being a search origination point to the destination" in an attempt to keep market share.

Schultz also blamed generative AI chatbots like OpenAI's ChatGPT, saying that students see the tool and others like it as "strong alternatives" to Chegg. Web traffic has dropped sharply as a result, Schultz wrote. A Wall Street Journal story published Saturday said Chegg "is trying to avoid becoming [ChatGPT's] first major victim" and that the company had lost more than 500,000 subscribers, some who paid almost $20 a month, since the chatbot's 2022 launch. Despite the negative business impact, it seems Chegg is experimenting with new tech. Schultz said in the remarks that the company had formed an "arena" to evaluate AI models and aims to "integrate AI into the full learning journey."

Businesses

Once Worth $7.3 Billion, Grubhub Sells For Just $650 Million (cnn.com) 27

An anonymous reader quotes a report from CNN: Europe's biggest meal delivery firm, Just Eat Takeaway, said on Wednesday it had struck a deal to sell its U.S. unit Grubhub to Wonder for $650 million, sending its shares soaring 20% in early trading. The Amsterdam-listed company had been looking to offload Chicago-based Grubhub since as early as 2022, after acquiring it in 2020 in a $7.3 billion deal amid a pandemic-driven boom in delivery services -- a process that was hampered by slowing growth, high taxes and a question of fee caps in New York City.

"Just Eat Takeaway is at last putting an end to its disastrous U.S. journey," Bryan Garnier analyst Clement Genelot said, noting the group had destroyed more than $7 billion in shareholder value there. Grubhub's enterprise value of $650 million includes $500 million of senior notes and $150 million cash, Wonder said in a statement. Wonder is a food-delivery startup led by former Walmart executive Marc Lore.

Sony

Sony's Had the Year From Hell 72

Sony faces mounting challenges after a year marked by major setbacks in its gaming and film divisions. The company's $200-400 million gaming project "Concord" sold only 25,000 copies before being discontinued, while PlayStation 5 sales targets were cut from 25 million to 21 million units.

Sony Pictures struggled with underperforming Spider-Man spin-offs and high-profile departures, including CEO Tony Vinciquerra. Over 1,200 employees were laid off across divisions, and profits fell 39% to $124 million in the latest quarter. Sony's stock dropped 5% over the past year while broader markets rose nearly 40%.
Businesses

Is Anyone Crazy Enough To Audit Super Micro Computer? (msn.com) 41

Server maker Super Micro Computer is facing mounting challenges after EY resigned as its auditor on October 24, citing concerns about management's integrity and ethical values. EY's departure came just months after replacing Deloitte & Touche, which had audited Super Micro for two decades through June 2023.

The resignation raises questions about potential issues Deloitte may have missed. Super Micro has appointed a special committee and hired legal and forensic accounting firms to investigate, though details remain undisclosed. The company faces a November 16 deadline to submit a compliance plan to Nasdaq regarding delayed financial reports. A former employee's lawsuit alleges improper revenue recognition between 2020-2022 under Deloitte's watch, prompting a Justice Department investigation. WSJ adds: Persuading another major audit firm to sign on under the current circumstances would be an impressive feat. EY in its resignation letter said it was "unwilling to be associated with the financial statements prepared by management."

Why would any other auditor feel differently?

Businesses

Brazil's Online Betting Surge Sparks Debt Crisis as Users Turn To 400% Loans (yahoo.com) 53

Brazilian officials are scrambling to control a gambling boom that has led some citizens to take out loans with interest rates as high as 438% to fund their betting habits, sparking concerns about household debt levels.

The surge in online betting has doubled Brazil's gambling population to 52 million in six months, with the central bank estimating monthly gambling spending between 18-21 billion reais ($3.1-3.6 billion) through August 2024. Central Bank President Roberto Campos Neto said lower-income families are disproportionately affected, with 20% of government social program payments in August directed to online gambling sites.

The Finance Ministry has accelerated regulatory measures, requiring over 100 betting companies to submit operating paperwork ahead of schedule. New rules starting January 1 will allow authorities to limit bet amounts, block payment systems, and monitor for money laundering. President Luiz Inacio Lula da Silva recently raised concerns at the UN about gambling's impact on Brazil's poorest citizens, while officials are moving to ban credit card use for betting and restrict gambling advertisements.
Patents

Open Source Fights Back: 'We Won't Get Patent-Trolled Again' (zdnet.com) 64

ZDNet's Steven Vaughan-Nichols reports: [...] At KubeCon North America 2024 this week, CNCF executive director Priyanka Sharma said in her keynote, "Patent trolls are not contributors or even adopters in our ecosystem. Instead, they prey on cloud-native adopters by abusing the legal system. We are here to tell the world that these patent trolls don't stand a chance because CNCF is uniting the ecosystem to deter them. Like a herd of musk oxen, we will run them off our pasture." CNCF CTO Chris Aniszczyk added: "The reason trolls can make money is that many companies find it too expensive to fight back, so they pay trolls a settlement fee to avoid the even higher cost of litigation. Now, when a whole herd of companies band together like musk oxen to drive a troll off, it changes the cost structure of fighting back. It disrupts their economic model."

How? Jim Zemlin, the Linux Foundation's executive director, said, "We don't negotiate with trolls. Instead, with United Patents, we go to the PTO and crush those patents. We strive to invalidate them by working with developers who have prior art, bringing this to the attention of the USPTO, and killing patents. No negotiation, no settlement. We destroy the very asset that made patent trolls' business work. Together, since we've started this effort, 90% of the time, we've been able to go in there and destroy these patents." "It's time for us to band together," said Joanna Lee, CNCF's VP of strategic programs and legal. "We encourage all organizations in our ecosystem to get involved. Join the fight, enhance your own company's protection, protect your customers, enhance our community defense, and save money on legal expenses."

While getting your company and its legal department involved in the effort to fend off patent trolls is important, developers can also help. CNCF announced the Cloud Native Heroes Challenge, a patent troll bounty program in which cloud-native developers and technologists can earn swag and win prizes. They're asking you to find evidence of preexisting technology -- referred to by patent lawyers as "prior art" -- that can kill off bad patents. This could be open-source documentation (including release notes), published standards or specifications, product manuals, articles, blogs, books, or any publicly available information. All entrants who submit an entry that conforms to the contest rules will receive a free "Cloud Native Hero" t-shirt that can be picked up at any future KubeCon+CloudNativeCon. The winner will also receive a $3,000 cash prize.

In the inaugural contest, the CNCF is seeking information that can be used to invalidate Claim 1 from US Patent US-11695823-B1. This is the major patent asserted by Edge Networking Systems against Kubernetes users. As is often the case with such patents, it's much too broad. This patent describes a network architecture that facilitates secure and flexible programmability between a user device and across a network with full lifecycle management of services and infrastructure applications. That describes pretty much any modern cloud system. If you can find prior art that describes such a system before June 13, 2013, you could be a winner. Some such materials have already been found. This is already listed in the "known references" tab of the contest information page and doesn't qualify. If you care about keeping open-source software easy and cheap to use -- or you believe trolls shouldn't be allowed to take advantage of companies that make or use programs -- you can help. I'll be doing some digging myself.

Government

Japanese Government To Invest $65 Billion To Support Domestic Chip Sector (datacenterdynamics.com) 6

An anonymous reader quotes a report from Data Center Dynamics: The Japanese government is planning to invest approximately $65 billion to support the country's semiconductor and AI industries. The initiative, which will run until the end of the decade, is expected to generate ~$104 billion in public and private investment during the period. According to a report from Reuters, this new round of funding will specifically target state-backed chip foundry Rapidus and other AI chip suppliers.

Rapidus was founded in November 2022 when the Japanese government and eight Japanese technology and automotive firms, including SoftBank, Sony, and NTT, invested more than $500 million to launch the business. Speaking at a news conference this week, Japanese Prime Minister Shigeru Ishiba did not provide any information about how the venture would be financed but said the government would not issue deficit-covering bonds.
Japan's government also said it won't raise taxes to finance the $65 billion plan.
Microsoft

US Regulators Plan To Investigate Microsoft's Cloud Business (ft.com) 20

The Federal Trade Commission is preparing to launch an investigation into anti-competitive practices at Microsoft's cloud computing business, Financial Times reported Thursday, as the US regulator continues to pursue Big Tech in the final weeks of Joe Biden's presidency. From the report: The FTC is examining allegations that Microsoft is abusing its market power in productivity software by imposing punitive licensing terms to prevent customers from moving their data from its Azure cloud service to competitors' platforms, according to people with direct knowledge of the matter.

Tactics being examined include substantially increasing subscription fees for those that leave, charging steep exit fees and allegedly making its Office 365 products incompatible with rival clouds, they added.

Slashdot Top Deals