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A Meta logo is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 14, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsMADRID, Dec 4 (Reuters) - A group representing 83 Spanish media outlets on Monday said it has filed a 550 million euro ($598 million) lawsuit against Facebook owner Meta Platforms (META.O), citing unfair competition in the advertising market. The lawsuit was filed by the AMI newspaper publishing association in a commercial court on Friday, the association said in a statement on Monday. The complaint is the second time Spanish media are challenging tech companies to protect their turf. In 2014, the Spanish government forced the closure of Alphabet's (GOOGL.O) Google News service until 2022 when new legislation allowing media outlets to negotiate directly with the tech giant was passed.
Persons: Gonzalo Fuentes, El, Inti Landauro, Jakub Olesiuk, David Goodman, Emelia Organizations: Viva Technology, Porte de, REUTERS, Rights, Facebook, Meta, AMI, El Pais, ABC, Google, Thomson Locations: Porte, Paris, France, Spanish
About 15% or $2.7 billion of Nvidia's revenue for the quarter ended October came from Singapore, a U.S. Securities and Exchange Commission filing showed. Revenue coming from Singapore in the third quarter jumped 404.1% from the $562 million in revenue recorded in the same period a year ago. Singapore only trailed behind the U.S. (34.77%,) Taiwan (23.91%) and China including Hong Kong (22.24%) in Nvidia's third-quarter sales rankings. "I would highly think it's due to data centers as Singapore has quite a lot of data centers and cloud service providers," Maybank Securities analyst Jarick Seet told CNBC. Building data centers, of course!," said Sang Shin, an ex-Temasek and GIC executive, in a LinkedIn post.
Persons: Jakub Porzycki, Jarick Seet, Sang Shin, Shin Organizations: Getty, Nvidia, U.S . Securities, Exchange Commission, Maybank Securities, CNBC, Temasek, GIC Locations: Krakow, Poland, U.S, Singapore, Taiwan, China, Hong Kong, Nvidia's, GIC
Seemingly overnight, the user-friendly generative AI technology enraptured the globe. It also promised to revolutionize the future of white-collar work — so long as it didn’t cause an AI apocalypse in the process. ‘The world woke up to the AI revolution’And one year since ChatGPT’s public release, the fervor around AI is still at a fever pitch. And AI’s long-prophesied impacts to the labor market is also beginning to emerge, both inside and outside the tech industry. “Many, many, many jobs that are currently done by humans, AI will be able to do,” said Clune, the AI researcher at the University of British Columbia.
Persons: New York CNN —, Sam Altman, ChatGPT, ” Jeff Clune, hasn’t, ” Clune, , OpenAI’s, Jakub Porzycki, Suresh Venkatasubramanian, ” Venkatasubramanian, “ It’s, it’s, Venkatasubramanian, Clune, we’re, ChatGPT’s, OpenAI, David Paul Morris, , CNN’s Kara Swisher, Altman, , ” Altman Organizations: New, New York CNN, Big Tech, Tech, University of British, CNN, ChatGPT’s, Brown University, Economic Cooperation, Bloomberg, Getty, Microsoft — Locations: New York, University of British Columbia, Krakow, Poland, OpenAI, Asia, San Francisco , California
Temu has increased its ad spending in recent months to grow more popular in the U.S. Photo: Jakub Porzycki/Zuma PressFor the second year in a row, Super Bowl viewers will hear from one of the fastest-growing Chinese-backed retail businesses. E-commerce platform Temu has committed to buying multiple ad units during the Super Bowl to be played Feb. 11, people with knowledge of the matter said.
Persons: Temu, Jakub Porzycki Organizations: Zuma, Super Bowl Locations: U.S
Marc Benioff promised to match the contracts of OpenAI researchers who resign to join Salesforce. The offer comes amid the chaotic ouster of OpenAI CEO Sam Altman, and rumors Altman could return to the job. "Salesforce will match any OpenAI researcher who has tendered their resignation full cash & equity OTE to immediately join our Salesforce Einstein Trusted AI research team under Silvio Savarese," Benioff, the Salesforce CEO, posted on X in a pledge to buy out the OpenAI researchers' contracts, along with any unrealized profits and sales incentives. As many as 95% of OpenAI workers have also threatened to quit if Altman, the company's co-founder, is not reinstated. AdvertisementSalesforce's Einstein is the company's generative AI program built for managing relationships with customers.
Persons: Marc Benioff, Sam Altman, Altman, , Salesforce, Silvio Savarese, Einstein, Benioff, Greg Brockman, OpenAI, Jakub Pachocki, Szymon Sidor, Aleksander Madry, Savarese, Stanford — Organizations: Salesforce, Service, Enterprise, Business, OpenAI, New York Times, Stanford
Czech coach Silhavy quits due to barrage of criticism
  + stars: | 2023-11-21 | by ( ) www.reuters.com   time to read: +2 min
Silhavy took charge of the national team in 2018 after they failed to qualify for the World Cup. "Sometimes I don't understand why, the anger and aggression (is directed towards me)," Silhavy was quoted as saying by news website iDnes.cz on Tuesday. His departure follows the team's 3-0 win over 10-man Moldova on Monday, which secured them a place in Euro 2024. Silhavy said the actions of the players -- who all featured in Friday's 1-1 draw with Poland -- disappointed him and helped confirm his decision to quit. "I don't think the guys did it for me to quit," Silhavy said.
Persons: Jaroslav Silhavy, Silhavy, iDnes.cz, Vladimir Coufal, Jakub Brabec, Jan Kuchta, Michael Kahn Organizations: FA, Slovan Liberec, Slavia Prague, West Ham, Thomson Locations: PRAGUE, Czech Republic, Moldova, Poland
The startup's newly appointed interim head moved quickly to dismiss speculation that OpenAI's board ousted Altman due to a spat over the safety of powerful AI models. It was not clear why Murati had stepped down as interim CEO. [1/4]Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. Some of those joining Altman at Microsoft include senior researchers Szymon Sidor and Jakub Pachocki, according to Brockman. Microsoft had supported a return by Altman to the startup, according to sources, a move that seemed likely only hours prior to Monday's announcements.
Persons: OpenAI, Emmett Shear, Sam Altman, Greg Brockman, OpenAI's, Altman, Shear, Ilya Sutskever, we've, Sutskever, Mira Murati, reinstates Altman, Brockman, Bret Taylor, Will Hurd, Murati, Carlos Barria, Richard Windsor, Satya Nadella, Szymon Sidor, Jakub Pachocki, Russ Mould, AJ Bell, Nadella, Jeffry Dastin, Anna Tong, Krystal Hu, Akash Sriram, Aditya Soni, Urvi, Shubham, Stephanie Kelly, Nivedita Bhattacharjee, Miyoung Kim, Sam Holmes, Susan Fenton, Chizu Nomiyama, Anil D'Silva Organizations: Microsoft, FRANCISCO, Google, OpenAI, Reuters, Economic Cooperation, REUTERS, Radio Free Mobile, Thomson Locations: OpenAI, Texas, Asia, San Francisco , California, U.S, San Franciso, New York, Bengaluru
Emmett Shear laid out a three-point plan for his first 30 days as CEO in an X post at 1 a.m. The interim CEO revealed plans for his 30 days in in a X post at 1 a.m. PT – including hiring an investigator and restructuring the leadership team. The Twitch cofounder's three-point plan came just hours after Shear became OpenAI's second temporary chief in the space of three days. OpenAI's former CTO, Mira Murati, briefly became interim CEO Friday after the board removed Sam Altman . Shear included hiring an independent investigator in his first tasks in the post, which also criticized OpenAI's board for its handling of Altman's departure.
Persons: Emmett Shear, Sam Altman's, Shear, , Mira Murati, Sam Altman, Altman, Jakub Pachocki, Aleksander Madry, Szymon Sidor, Satya Nadella Organizations: Service, Business
Greg Brockman announced three key OpenAI staffers are following him and Sam Altman to Microsoft. Sam Altman is heading up a new AI team at Microsoft after his shock firing by the OpenAI board. All three are senior or longstanding employees at OpenAI, suggesting that the company may face a talent drain after Altman's shock firing. OpenAI announced that Twitch co-founder Emmett Shear would become interim CEO of the AI firm, after negotiations to bring Altman back broke down. The Information also reported that fellow AI startups Cohere and Adept were reaching out to OpenAI employees and that Google Deepmind had received an uptick in resumes from OpenAI workers.
Persons: Greg Brockman, Sam Altman, , Satya Nadella's, Altman, Jakub Pachocki, Szymon Sidor, Aleksander Madry —, OpenAI, Twitch, Emmett Shear, Pachocki, Mira Murati, Brad Lightcap, Ilya Sutskever, Tao Xu, Google Deepmind, Jim Fan Organizations: Microsoft, Service, Google Locations: OpenAI
Microsoft CEO Satya Nadella said both Altman and Greg Brockman were joining the company. The move follows a chaotic weekend for Altman after he was ousted as CEO of OpenAI. AdvertisementFormer OpenAI CEO Sam Altman is joining Microsoft. Microsoft CEO Satya Nadella announced on Monday he was adding both Altman and former OpenAI president Greg Brockman to the company's ranks. In a post on X, Brockman said the new Microsoft team would comprise him, Altman, Aleksander Madry, Szymon Sidor, Jakub Pachocki.
Persons: Sam Altman, Satya Nadella, Altman, Greg Brockman, , Nadella, Emmett Shear, ChatGPT, Mira Murati, Brockman, Aleksander Madry, Szymon Sidor, Jakub Pachocki Organizations: Microsoft, Service, OpenAI, Twitch
Former Twitch CEO and cofounder, Emmett Shear, was named interim CEO of the company and Altman had joined former partner Microsoft. Altman was ousted from OpenAI in a shock board decisionAltman was immediately ousted from OpenAI in a dramatic board decision on Friday. According to a timeline provided by fellow OpenAI cofounder Greg Brockman, Altman received a text from board member Ilya Sutskever asking to talk at midday Friday. OpenAI board was 'optimistic' about getting Altman backInvestors, including Microsoft CEO Satya Nadella, were reportedly "blindsided" by the decision to remove Altman. Altman and Brockman join MicrosoftIn a final twist, Microsoft CEO Satya Nadella scooped up Altman and Brockman to lead "a new advanced AI research team" at Microsoft.
Persons: Sam Altman, kickstarting, Altman, , Emmett Shear, Greg Brockman, Ilya Sutskever, Brockman, Sutskever, OpenAI, Satya Nadella, Jason Kwon, Nadella, Shear, Mira Murati, Aleksander Madry, Szymon Sidor, Jakub Pachocki Organizations: Microsoft, Service, Twitch, OpenAI, Bloomberg, The
OpenAI's board abruptly ousted CEO Sam Altman on Friday. In response, several senior figures, including OpenAI president Greg Brockman, left their posts. AdvertisementOpenAI appears "optimistic" that it can reel its ousted CEO Sam Altman back to the company just a day after he was suddenly pushed out of his role on Friday, The Information reported. i love the openai team so much — Sam Altman (@sama) November 19, 2023Several employees re-posted the note with a heart emoji. A condition that Altman set for him to re-assume his CEO role is if the existing board resigned, the Journal reported.
Persons: Sam Altman, Greg Brockman, , OpenAI, Jason Kwon, Altman, OpenAI's, — Jakub Pachocki, Aleksander Madry, Szymon Sidor —, Kwon, Sam, Greg, Jakub, Syzmon, Aleksander, Altman's Organizations: Service, Microsoft, Wall Street
Unlike in many of the season’s previous races, however, Verstappen did not cruise to victory. Starting second on the grid, it wasn’t until lap 37 that the Dutchman passed Ferrari’s Charles Leclerc to take the race lead. Verstappen said afterwards that the race was “definitely a lot of fun.”“It was a tough one. I tried to go for it at the start,” he told reporters of his attempt to pass Leclerc at Turn 1. Perez, however, did secure second place in the drivers’ championship to ensure Red Bull will end the season with a one-two in the drivers’ championship for the first time.
Persons: Max Verstappen, Red Bull, Elvis Presley, Verstappen, Mike Blake, Reuters Verstappen, Sebastian Vettel, Michael Schumacher, Lewis Hamilton, Ferrari’s Charles Leclerc, Leclerc, George Russell, , ” Leclerc, Sergio Perez, Perez, Red, David Beckham, Jakub Porzycki, Russell, Brad Pitt, Justin Bieber, , “ I’m Organizations: CNN, Las Vegas, Vegas, Sin City, Prix, Red Bull, Reuters, Mercedes, Hamilton, England Locations: Sin, Vegas, Austin, Miami, Turn
Sam Altman was fired from OpenAI in a shock move on Friday. AdvertisementThree senior researchers have quit from artificial intelligence firm OpenAI following the dismissal of its CEO Sam Altman, The Information reported, citing multiple people familiar with the situation. Ilya told Sam he was being fired and that the news was going out very soon," he wrote. AdvertisementOpenAI chief scientist Ilya Sutskever speaks alongside the company's CEO Sam Altman. Under Altman's tenure, OpenAI launched the pioneering AI chatbot ChatGPT and secured $10 billion in investment from Microsoft.
Persons: Sam Altman, , Altman, OpenAI, Jakub Pachocki, Aleksander Madry, Szymon Sidor, Pachocki, Greg Brockman, Brockman, Ilya Sutskever, Sam, Ilya, Greg, Sutskever, JACK GUEZ, chatbot ChatGPT Organizations: Service, Google, OpenAI, Microsoft Locations: OpenAI
NHL roundup: Sidney Crosby (hat trick) lifts Pens past Jackets
  + stars: | 2023-11-15 | by ( ) www.reuters.com   time to read: +5 min
[1/4] Nov 14, 2023; Columbus, Ohio, USA; Pittsburgh Penguins center Sidney Crosby (87) celebrates his hat trick goal during the third period against the Columbus Blue Jackets at Nationwide Arena. Kirill Marchenko, Yegor Chinakhov and Alexandre Texier scored for the Blue Jackets, who lost their sixth straight (0-4-2). Jordan Kyrou scored twice for the Blues, who won their third straight game and their fifth in six games. Jonas Johansson made 24 saves for the Lightning, who lost their third straight game. Sam Reinhart, Carter Verhaeghe, and Aleksander Barkov each had a goal and an assist, while Ryan Lomberg scored Florida's other goal.
Persons: Sidney Crosby, Russell LaBounty, Erik Karlsson, Jake Guentzel, Tristan Jarry, Kirill Marchenko, Yegor Chinakhov, Alexandre Texier, David Pastrnak, Danton Heinen, Brandon Carlo, Oskar Steen, Hampus Lindholm, Victor Olofsson, Matt Duchene, Duchene, Tyler, Jake Oettinger, Jordan Binnington, Louis, Jordan Kyrou, Colton Parayko, Jakub Vrana, Kasperi Kapanen, Torey Krug, Pavel Buchnevich, Jonas Johansson, Connor Zary, Nazem Kadri, Jacob Markstrom, Gustav Lindstrom, Sam Montembeault, Charlie Lindgren, Dylan Strome, Connor McMichael, Beck Malenstyn, Logan Thompson, Kyle Connor, Nikolaj Ehlers, Cole Perfetti, Morgan Barron, Connor Hellebuyck, Timo Meier, John Marino, Dawson Mercer, Jack Hughes, Adam Henrique, Radko Gudas, Cam Fowler, John Gibson, Filip Forsberg, Roman Josi, Ryan O'Reilly, Henrique, Kevin Stenlund's, Sam Reinhart, Carter Verhaeghe, Aleksander Barkov, Ryan Lomberg, Luke Kunin, Tomas Hertl, Mike Hoffman, Mikael Granlund Organizations: Pittsburgh Penguins, Columbus Blue Jackets, Nationwide Arena, Penguins, Pittsburgh, Blue Jackets, Bruins, Sabres, Boston, Buffalo, Coyotes, Dallas, Stars, Tampa, Blues, St, Lightning, Flames, Canadiens, Calgary, Montreal, Capitals, Golden Knights, Washington, Vegas, Jets, Devils, Winnipeg, Louis Blues, Ducks, Anaheim, Nashville, Predators, Panthers, Sharks, San, Thomson Locations: Columbus , Ohio, USA, Arizona, Tampa Bay, skidding New Jersey, Florida, San Jose
Barclays on Monday raised its price target on Starbucks to $123 a share, up from $116, while maintaining an overweight rating on the stock. The call came after analysts at the bank met with Starbucks executives, who reportedly painted a bullish picture looking out to fiscal year 2024. Meanwhile, Wedbush on Monday also raised its price target on Starbucks, to $106 a share, up from $100, while reiterating a neutral rating on the stock. RBC Capital raised its price target to $111 a share, up from $99, with a sector perform rating. And Citi on Sunday took its price target to $110 a share, up from $100, maintaining a neutral rating on the stock.
Persons: Laxman Narasimhan, Narasimhan, Jim Cramer, Wedbush, Jim Cramer's, Jim, Jakub Porzyck Organizations: Street, Barclays, Starbucks, RBC Capital, Citi, Sunday, CNBC, Nurphoto, Getty Locations: China, Charleroi, Belgium
Since buying Neopets, Law said his team is in the process of restoring those minigames and modernizing them to enhance the experience. Competing in the current metaWhile Law is optimistic, he is aware that Neopets was born in a different era of video gaming. For Neopets, Law said the merch business would include both physical, like plushies and clothing, and digital, such as in-game purchases. In 2024, Law's team is planning to launch World of Neopets, a 3D simulator game that will utilize the existing Neopets world, but in a modern gaming environment. Does this mean that new Neopets games will replace the 24-year old Neopets.com?
Persons: Dominic Law, Neopets, Neopets …, Jakub Porzycki, NetDragon Websoft, Law, we've, John Legend, Kass Basher, Mickey Mouse Organizations: Neopets, Koelnmesse, CNBC, Gamescom, Law, Getty, Nurphoto, Adobe, Activision, Monopoly Locations: Asia, Singapore, asia, Canada, Hong Kong, Gamescom Asia, that's, Krakow, Poland, Neopets, U.S
[1/39] Oct 24, 2023; Chicago, Illinois, USA; Chicago Blackhawks center Ryan Donato (8) warms up before the game against the Boston Bruins at United Center. Mandatory Credit: David Banks-USA TODAY Sports Acquire Licensing RightsOctober 25 - Three players scored and Jeremy Swayman pitched a 23-save shutout to lead the Boston Bruins to a 3-0 win over the host Chicago Blackhawks on Tuesday night. All 18 Boston skaters were credited with at least one of the Bruins' season-high 43 shots on goal. Petr Mrazek stopped 40 shots for the Blackhawks, who have been shut out twice during their current three-game skid. Bruins forward Jakub Lauko was cut near the eye by a skate late in the third.
Persons: Ryan Donato, David Banks, Jeremy Swayman, Pavel Zacha, Matthew Poitras, Trent Frederic, Zacha's, Poitras, Petr Mrazek, offsides, Connor Bedard's, Charlie Coyle's, Kevin Shattenkirk, James van Riemsdyk, Coyle, Frederic, Coyle's, Riemsdyk, Jakub Lauko, Jim Montgomery, Lauko Organizations: Chicago Blackhawks, Boston Bruins, United Center, USA, Bruins, Boston, Chicago, Blackhawks, NHL, Thomson Locations: Chicago , Illinois, USA, Boston, Mrazek
Just like the cloud transformed every software category, we think AI is one such transformational shift. Therefore, this notion of Copilots that we're introducing is really going to be revolutionary in terms of driving productivity and communication. Milton Friedman once famously said: "the business of business is business." One is, is the business of business just business? So, I think AI can actually be very helpful in many ways to be a little more empathetic and more understanding of the world.
Persons: Satya Nadella, Axel Springer's, OpenAI, Nadella, Axel Springer, , Mathias Döpfner, Pankaj Nangia, Steve Ballmer, Steve, I've, It's, I'd, Herbert Simon, Karl Marx, Lakshmi, Hayek, Marx, Justin Sullivan, Carol Dweck, they're, Vuk Valcic, That's, it's, you've, Jae, Copilot, Jeff Bezos, I'm, We've, Milton Friedman, Elon Musk, we've, Lina Khan, Sam Altman, Sam, Tomohiro Ohsumi, Bard, Bing, Mathias, wouldn't, Picasso, Jakub Porzycki, Mustafa Suleyman, We'll Organizations: Service, Microsoft, Olympic, Australia, Getty, Activision Blizzard, Gaming, AP, Windows, Linux, Children's Hospital, University of Wisconsin, Associated Press, Google Locations: Berlin, India, Hyderabad, Seattle, United States, Milwaukee, American, China, derisking, DC, Beijing, Europe, GitHub, British
Polish president to consult with party leaders on forming govt
  + stars: | 2023-10-19 | by ( ) www.reuters.com   time to read: +2 min
Poland's President Andrzej Duda prepares to cast his ballot during the parliamentary election in Krakow, Poland, October 15, 2023. "The meetings will be held separately with each of the election committees, in the order in accordance with the results achieved by these committees in the elections." Duda said before the vote that he would give the first shot at forming a cabinet to the group or party that won most ballots. "The president knows his responsibilities and will not give in to pressure," aide Malgorzata Paprocka told Rzeczpospolita daily. This means the process of forming a new government in Poland, the largest country in the EU's eastern wing, could take weeks or even months.
Persons: Andrzej Duda, Jakub Porzycki, Wyborcza.pl, Duda, Michal Kobosko, Duda's, Malgorzata Paprocka, Alan Charlish, Gareth Jones Organizations: REUTERS, Rights, Union, Law and Justice, Rzeczpospolita, Thomson Locations: Krakow, Poland, Brussels, Republic of Poland
But it also shows how Apple has wrestled with Google’s rise and how some at Apple yearned for “optionality.” Apple didn’t immediately respond to a request for comment. (Last week, Nadella testified that he has spent every year of his tenure as CEO trying to persuade Apple to adopt Bing.) He made a similar argument internally about DuckDuckGo, saying in an email that moving ahead with that partnership was “probably a bad idea.” (DuckDuckGo licenses search results from Bing.) Still, Giannandrea testified, some within Apple thought that dealing with Bing in some fashion could yield benefits to Apple. Apple today has the enormous resources to build a true rival to Google, Giannandrea testified.
Persons: Microsoft’s Bing, they’ve, Gabriel Weinberg, John Giannandrea, Apple, Apple didn’t, Laura Jones, Jeff Chiu, Giannandrea, Bing, Tim Cook, Satya Nadella, Nadella, DuckDuckGo, Weinberg, Jakub Porzycki, ” Weinberg, , Apple’s, Cook, Bing “, , Adrian Perica, ” Giannandrea, “ it’s Organizations: CNN, Apple, Google, Microsoft, Cook, Bing, Mozilla, Opera, Samsung Locations: Bing, San Francisco
A Ukrainian soldier called Russian tech support after a captured Russian tank wouldn't start, per Forbes. Ukraine has been capturing and repurposing Russia's tanks for their own use. AdvertisementAdvertisementA Ukrainian officer decided to call Russian tech support for help when he ran into issues operating a captured Russian tank. In the second half of the video, Kochevnik made a call to what he claimed was Uralvagonzavod director Andrey Abakumov. You can see an entire unit composed of nothing but captured Russian tanks," said Kofman, who was speaking at an event hosted by the Carnegie Endowment for International Peace.
Persons: , Kochevnik, Forbes, Aleksander Anatolevich, Anatolevich, Andrey Abakumov, Abakumov, Jakub Janovsky, Michael Kofman, Kofman Organizations: Forbes, Service, YouTube, Militarnyi, Oryx, Russia, The Center, Naval, Carnegie Endowment, International, Russia's Ministry of Defense Locations: Ukrainian, Russian, Ukraine, Netherlands, Russia
Jakub Orzechowski/Agencja Wyborcza.pl via REUTERS Acquire Licensing RightsWARSAW, Sept 26 (Reuters) - Polish experts have confirmed that the missile that killed two people at a grain facility in southern Poland in November was fired by Ukraine, Rzeczpospolita daily reported, citing sources. Sources with knowledge of the investigation told Rzeczpospolita that Poland had established that the missile that landed in the village of Przewodow was an S 300 5-W-55 air-defence missile fired from Ukrainian territory. "At that time, the Russian positions were in a place from which no Russian missile could reach Przewodow." Rzeczpospolita reported that the Ukrainian side has not made any material available to Polish investigators. Lapczynski could not immediately be reached for comment and the prosecutor's office did not immediately respond to an emailed request.
Persons: Jakub Orzechowski, Wyborcza.pl, Lapczynski, Alan Charlish, Miral Organizations: REUTERS Acquire, Rights, Rzeczpospolita, NATO, Russian, Thomson Locations: Przewodow, Poland, Ukraine, Warsaw, Ukrainian
(Photo by Jakub Porzycki/NurPhoto via Getty Images)Cisco is acquiring cybersecurity software company Splunk for $157 a share in a cash deal worth about $28 billion, the company said Thursday. The acquisition is one of Cisco's largest, and continues an acquisition streak which has built out the company's cybersecurity offerings. Splunk is a cybersecurity company that helps enterprises monitor and analyze their data to minimize the risk of hacks and resolve technical issues faster. If Cisco backs out of the deal or is forced to do so because of regulatory intervention, it will pay Splunk a termination fee of $1.48 billion, according to a regulatory filing. If Splunk backs out of the deal for any reason, it will pay a $1 billion breakup fee to Cisco.
Persons: Jakub Porzycki, Chuck Robbins, Robbins, Simpson Thacher, Moore, Morgan Stanley, Flom, Splunk Organizations: Getty Images, Cisco, Tidal Partners, Qatalyst Partners Locations: Krakow, Poland, Slate
"It means a lot for the whole country and for tennis in Finland. Dusan Lajovic crashed to a 6-3 6-2 defeat by Jakub Mensik to leave Serbia in a spot of bother in Valencia. They will be joined by Australia, after last year's runners-up secured a 3-0 win over Switzerland in Group B in Manchester. We knew that we still had to win this match," Ebden said after the duo scored a 6-2 6-4 win over Huesler and Stricker. Nicolas Jarry levelled the Group A tie in Bologna by beating Gabriel Diallo 6-4 6-4 before the deciding doubles rubber.
Persons: Pabellon Fuente, Serbia's Novak Djokovic, Nikola Cacic, Adam Pavlasek, Tomas Machac REUTERS, Pablo Morano, Otto Virtanen, outlasting Mackenzie McDonald, Emil Ruusuvuori, Tommy Paul, Ruusuvuori, Novak Djokovic, Dusan Lajovic, Jakub Mensik, Laslo Djere, Jiri Lehecka, I'm, Lehecka, Thanasi Kokkinakis, Dominic Stricker, Alex de Minaur, Marc, Andrea Huesler, Max Purcell, Matthew Ebden, Ebden, Alexis Galarneau, Chile's Alejandro Tabilo, Nicolas Jarry, Gabriel Diallo, Shrivathsa Sridhar Organizations: Czech, Finland, Davis, U.S, Australia, Switzerland, Thomson Locations: Serbia, Czech Republic, San Luis, Valencia, Spain, Croatia, United States, Canada, Australia, Finland, Split, It's, Malaga, Manchester, Bologna, Bengaluru
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