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VMware customers face steep price hikes and late fees post-Broadcom acquisition. Under Broadcom, VMware now focuses on strategic clients and subscription models. Besides massive price increases, some customers are being hit with a late fee of around 20%, according to two partners. AdvertisementColpitts said that the text about the late fee in the email was bolded, making it seem like a "scare tactic." AdvertisementSwitching to VMware alternativesSome VMware competitors have seen the acquisition by Broadcom as an opportunity to win over VMware customers.
Persons: , Dean Colpitts, Ignacio Llorente, Llorente, Colpitts, Rick Vanover, there's, Bruce Kornfeld, Forrester, OpenStack Organizations: VMware, Broadcom, Service, Business, IT, OpenNebula Systems
Prabhakar, part of Business Insider's 2024 AI Power List, has headed the White House Office of Science and Technology Policy since 2022. In her role, she advises President Joe Biden on science and technology with a particular focus on AI's risks and benefits. Previously, she was the director of the Defense Advanced Research Projects Agency and was the first woman to lead the National Institute of Standards and Technology. She also founded the nonprofit Actuate, which manages research to solve societal challenges. See Business Insider's full AI Power List
Persons: Prabhakar, Joe Biden Organizations: White, Office of Science, Technology, Defense, Research Projects Agency, National Institute of Standards, Research, US Venture Partners
Foster is the chief data officer of the US Central Command. Centcom, which heads US military operations in the Middle East, Central Asia, and parts of South Asia, has been testing out AI and computer-vision applications for the Department of Defense and adding tech talent to support its missions. Foster, part of Business Insider's 2024 AI Power List, previously helped develop big data and AI applications at several technology companies with US defense contracts, including CrowdAI and Maxar Technologies. He's also served as an intelligence officer at the National Geospatial-Intelligence Agency and as an officer in the Air Force. See Business Insider's full AI Power List
Persons: Foster, He's Organizations: US Central Command, Department of Defense, Maxar Technologies, National Geospatial - Intelligence Agency, Air Force Locations: East, Central Asia, South Asia
Kelly directs the National Institute of Standards and Technology's recently created US AI Safety Institute, a group of top computer scientists and ethicists tasked with studying and addressing AI risks, particularly in relation to areas of national security, civil rights, and general public safety. It's expected to introduce testing standards for AI developers to make sure their systems are safe. Kelly, part of Business Insider's 2024 AI Power List, helped shape President Joe Biden's technology policy and assisted in drafting his executive order last year that focused on issues related to AI safety. Before that, Kelly was a special assistant to the president of the National Economic Council, where she led efforts in technology policy, including in AI. See Business Insider's full AI Power List
Persons: Kelly, Joe Biden's Organizations: National Institute of Standards, Safety Institute, National Economic Council, Capital
A Black Workday employee sued the company, claiming race and disability discrimination. AdvertisementA Black Workday employee filed a race and disability discrimination lawsuit against his employer after it sent police to his house for a "wellness check" while he was being treated at a hospital and had requested medical leave. He also sent a completed leave request form and said he would file the required Family and Medical Leave Act paperwork soon. On October 20, 2022, while he was still at the hospital, Workday sent police to his house for a "wellness check." In May 2023, Hill went on approved disability and medical leave, although he said he was denied long-term disability leave.
Persons: Anthony Hill, , Hill, Hill's, Cassie Lenning, Lenning, didn't, Anthony, George Floyd, Breonna Taylor Organizations: Service, Business, Department, Labor, Court, District of Columbia Locations: Northern, California's, California, Maryland, Montgomery County
AdvertisementVMware customers report seeing massive price increases since Broadcom acquired VMware late last year, with some paying as much as 10 times as much for the same services. VMware price hikesDave Russell, senior vice president and head of strategy at Veeam, said his company saw a 300% price increase in the VMware products it's using. Hinkley said CloudBolt's customers have seen VMware price increases ranging from 140% to 600%. Hinkley said longtime VMware customers have spent years developing code and automation processes in their IT infrastructure specifically for running VMware products. Similarly, Virtuozzo CEO Alex Fine said over 200 providers approached his company as a result of the price increases.
Persons: , Craig Hinkley, Rick Vanover, David Rowe, Dave Russell, he's, Russell, Hinkley, they'd, Forrester, Rowe, We've, Steve Tuck, Renee Wells, Wells, Alex Fine, We're, Fine, Rajiv Ramaswami, Ramaswami, Rosalie Chan, Ashley Stewart Organizations: VMware, Service, Broadcom, VMware's, Microsoft, Gartner, Oxide Computer, Rimini, Dell, Nutanix Locations: Rimini, rosal
Eyes closed, she listened as the Mercato Partners cofounder Greg Warnock stepped into the living room of his houseboat. Before starting Mercato, Warnock bought a large stake in a chemical-distribution business and made his first few millions in the acquisition. For an aspiring investor in Silicon Slopes, Mercato Partners seemed the place to be. They say the complaints from female Mercato employees are emblematic of religious and social norms that place women in the home. Mercato Partners no longer promotes Savory Fund or Prelude on its website following an organizational shake-up.
Persons: Powell, Elizabeth Moore, Greg Warnock, Moore, Warnock, Melia Russell, Jim Dreyfous, Paul Ahlstrom, Mercato, Emma Jackson, Elizabeth Moore's, Lake Powell, Mr, Staci, McCubbins, feely, David Bateman, Bateman's, Josh James, James, machismo, David McNew, Alan Hall, Jackson, wouldn't, Matthew Ashton, something's, massages, Melissa Walred, Walred, Greg, There's, gleeful Warnock, he'd untangle, Joe Kaiser, Ryan Sanders —, Savory, Warnock's, Davis Warnock, Davis, Victor Charlie, Larry H, TMRS, Staci McCubbins, Rosalie Chan Organizations: Mercato, Business, Lambda, Mercato Partners, BI, Opportunity, Thermal, vSpring, Beehive State, Getty, Pelion Venture Partners, Miller Company, Missouri State Employees, System, Nationwide Insurance, Family Insurance, Los, Employees, Association, Saudi Aramco, Google, Facebook Locations: Utah, Mercato, Lake, Coachella, Powell, Beehive, Silicon Slopes, Salt Lake City, Cottonwood Heights, Tibet, Missouri, Texas, Los Angeles, Saudi
That's helping establish a new millennial milestone for some: Ditching roommates, moving out from the family home, and landing on living alone. Business Insider's analysis of American Community Survey microdata from IPUMS found that 10.5% of millennials lived alone in 2022. Per BI's analysis of American Community Survey data via IPUMS, 16% of millennials lived with at least one parent as of 2022. (The data doesn't specify if that means they're living with their parents or if their parents are living with them.) Subsidized solo livingSome lower-earning millennials are able to get assistance reaching the solo-living milestone — but it's not always easy.
Persons: Jess Munday's, Jess Munday's San Francisco, Munday, " Munday, I'm, it's, IPUMS, millennials, Bella DePaulo, they've, DePaulo, she'd, Jess Munday, Dara Feller, Aria Velasquez, they're, " Velasquez, Velasquez, Erica Charles, she's, Charles, Rick Fry, Fry, She'd, She's, Clibborn, Sydney Krantz, He's, , homeownership Chaz Zimmer, Chaz Zimmer, Adrianna Newell, Tomasz Piskorski, Piskorski, Zimmer hasn't, Zimmer, he's, James Paniagua, Paniagua, snagging, Julia Mazur, Kathy Pierre, Pierre Organizations: Business, American, Survey, Pew, BI Garak, BI, Subaru, Columbia Business School Locations: Jess Munday's San, Francisco's, San Francisco, Chicago, Washington ,, IPUMS, Florida, California, Waverly , New York, homeownership, Oakland , California, Los Angeles, Oakland, London, Austin, Charlotte , North Carolina, Charlotte
With 5G, organizations now have faster internet speeds, expanded capabilities, and an additional avenue of connectivity. Telecom companies can also provide private 5G networks to businesses, offering them low latency and high bandwidth to transfer large volumes of data securely. For example, NTT, a Japanese telecom company, offers 5G services to consumers and private 5G services to businesses, particularly in the manufacturing and automotive industries. Increasingly, more cellular and Internet of Things devices are being connected to organizations' 5G networks, which means more opportunities for hackers if organizations don't properly manage their security. In the future, more security companies could focus on 5G security for cars, airplanes, medical devices, and more.
Persons: , Christine Gadsby, Chris Novak, Novak, Shahid Ahmed, Gadsby, Casey Ellis, he's, Bugcrowd, Ellis, We're, Matsubara Organizations: RSA, 5G, Service, cybersecurity, Business, BlackBerry, Telecom, Verizon Business, NTT, Mobile Locations: San Francisco, Japanese, cybersecurity, China
Professionals at the RSA Conference shared insights on securing 5G devices and networks. Business Insider spoke with several cybersecurity professionals at the annual RSA Conference, which took place from May 6 to 9 in San Francisco. Private 5G networks will change the way in which everything connects." Here are cybersecurity professionals' best practices for securing 5G devices and networks. That's because as more devices get connected to 5G networks, the bigger the attack surface becomes.
Persons: , Nathan Howe, it's, Andrea Carcano, Boaz Gelbord, Donna Johnson, you've, Christine Gadsby, It's, Darren Guccione, Guccione, Jimmy Mesta, Carcano Organizations: RSA, Service, Business, RSA Conference, Nozomi Networks, BlackBerry, RAD Security Locations: San Francisco, cybersecurity
The US is strengthening its 5G infrastructure, according to a National Security Council official. She said the US must improve its telecom infrastructure. This article is part of "5G and Connectivity Playbook," a series exploring some of our time's most important tech innovations. The US is bolstering its 5G infrastructure in the age of AI. Anne Neuberger, the deputy national security advisor for cyber and emerging tech, said that 5G and 6G were some of "the most strategic sectors," especially since telecom and data-center infrastructure houses the data required to train artificial-intelligence models.
Persons: , Anne Neuberger, Niloofar Razi Howe, Neuberger, It's Organizations: National Security Council, Service, Conference, Capitol Meridian Partners, Huawei, Telecom, Biden, Wireless, Chain Innovation, White House, Strategy Locations: San Francisco, China, India, Japan, Europe, Ukraine, Russia
Generative AI is revolutionizing cybersecurity in connected networks. Generative AI has become a double-edged sword for the security of connected networks. On one hand, generative AI can speed up cybersecurity problems, making it easier and cheaper for bad actors to conduct identity attacks. Business Insider spoke with several cybersecurity professionals who attended the annual RSA conference this week in San Francisco about how generative AI is increasingly used in cybersecurity for 5G devices and networks. Now that mobile and Internet of Things devices have become more ubiquitous, they're using even more data, which generative AI can help filter and secure.
Persons: , David Cooper, Cooper, Shaun McAlmont, Chris Novak, David Aviv, Steve Wilson, Ev Kontsevoy, It's, Rohit Ghai, Ghai, Wilson Organizations: Service, Accenture Security, RSA, Verizon Business Locations: cybersecurity, San Francisco
Emergent 5G technology is faster and more secure than ever. "There's a huge amount of intellectual property and corporate data that sits on mobile devices," Ghai said. 5G networks are very, very dynamic. The other change is using identity and access governance to make sure privileged access to IT and OT [operational technology] networks is managed. That same pattern follows in 5G networks.
Persons: Rohit Ghai, Ghai, , It's Organizations: Service, RSA, Infrastructure Security, 5G Locations: San Francisco, cybersecurity
The CFPB issued an order against coding boot camp BloomTech and CEO Austen Allred. The CFPB said BloomTech, formerly known as Lambda School, deceived students. The Consumer Financial Protection Bureau issued an order against coding boot camp BloomTech and its CEO, Austen Allred, on Wednesday. The CFPB said the coding boot camp, previously known as Lambda School, deceived students about the cost of loans and made false claims about graduates' hiring rates. In addition, BloomTech must pay $64,000 and Allred must pay $100,000 in civil penalties, which will go toward a victim relief fund, according to the agency.
Persons: Austen Allred, BloomTech, CFPB, Allred Organizations: Lambda School, Consumer Financial, Business
Domo CEO Josh James stepped down in 2022 after he was accused of sexual assault, according to police reports and employees. One current Domo employee and three former employees said the company's board was made aware of the allegations against James prior to his sudden departure. In March 2023, a year after stepping down, James returned to Domo as CEO. Timeline of Josh James' departure from Domo and subsequent returnNovember 20, 2021 : According to claims in police reports, Josh James sexually assaults an employee during a business trip to Columbia, South Carolina. February 2022 : Domo fires the employee, according to her account to police officers.
Persons: Josh James, James, haven't, John Mellor, Catherine Wong, Daniel Stevenson, Mellor, Bruce Felt, Ian Tickle, Laurence, Jay, Brown, Dana Evan, Joy Driscoll Durling, James didn't, Domo, Brown Jr, James “, , ” James, what's, Organizations: Business, Securities and Exchange, Domo, Columbia —, American Fork City Police, Columbia Police Department, Columbia Police, BI, Columbia Locations: Columbia , South Carolina, Utah, Columbia, South Carolina
KKR announced on Monday that it entered into a definitive agreement to acquire the End-User Computing division from Broadcom for about $4 billion. Broadcom acquired VMware in November, and it had been reviewing strategic alternatives for EUC, BI previously reported. In addition, he said employees should help customers complete their renewals as many customers have expired renewals. Prior to the acquisition by Broadcom, VMware employees had already been speculating the EUC business, as well as the Carbon Black cybersecurity business, would be spun out, BI previously reported. Help customers complete their renewals and add on orders.
Persons: EUC, Shankar Iyer, Iyer, Robert Ruelas, Ruelas, Shankar Organizations: Broadcom, VMware, KKR, Business Insider, Reuters, Business, Iyer, EUC, Revenue Locations: Vegas
Utah legislature approved a bill on NDAs related to sexual assault and harassment. The bill also says attempts to enforce a confidentiality clause could result in liability for costs. AdvertisementThe Utah state legislature passed a bill on Friday that makes confidentiality clauses related to sexual assault and sexual harassment unenforceable. "In most sexual harassment cases, a company is fully equipped with lawyers at their beck and call," Bernhardt said. When individuals report sexual harassment, a lot of them don't have attorneys.
Persons: , Kera Birkeland, they've, Kimberly Bernhardt, Bernhardt, there's, doesn't, NDAs, Susan Madsen, they're Organizations: Service, Rep, Nationwide, state's, Utah Women, Leadership, Utah State University Locations: Utah, Utah's House
Jack Hidary, SandboxAQJack Hidary, the CEO of SandboxAQ. SandboxAQThe intersection of AI and quantum technology isn't talked about as much as buzzy chatbots right now — but it's a future Hidary is trying to prepare us for. His company, SandboxAQ, began life in Alphabet as a research unit nestled in the company's X building, exploring how to run quantum workloads using the same chips as those that power AI. Hidary spun the unit out in early 2022 with a nine-figure round of investment that included the former Alphabet executive chair Eric Schmidt and Marc Benioff, the CEO of Salesforce. See the full list of 100 people who make AI intelligent here.
Persons: Jack Hidary, isn't, Hidary, Eric Schmidt, Marc Benioff
Last month, the company launched new updates to Copilot Chat, a chat function that can help developers troubleshoot bugs or answer coding questions. Copyright risksIn September, Microsoft announced a policy that it would provide indemnification coverage to copyright claims related to its AI-powered Copilot tools, including GitHub Copilot. If customers don't want their code included in training sets for AI, they can make their GitHub code bases private. "That's part of listening to the community and trying to understand the feedback and how can we help," McKinley said. "Others are experimenting with AI," Shani said.
Persons: GitHub, GitHub's, Shelley McKinley, McKinley, Inbal Shani, Shani, GitHub McKinley, she's, OpenAI, we've, We're Organizations: Business, Microsoft, Northern Locations: GitHub, Northern California
Under Broadcom, VMware will operate in four divisions, Broadcom CEO Hock Tan told employees last week in an email. Competitors swoop inNow that Broadcom has acquired VMware, competitors, and partners see a big opportunity to win over VMware customers. VMware customers had already been concerned that Broadcom ownership may hurt innovation and cause a talent exodus , while VMware slowed down customer deals, BI previously reported. He said he has heard from VMware customers that they're "really concerned" and that Broadcom is "confirming the worst fears" customers have about the acquisition. VMware layoffsBroadcom conducted layoffs of VMware employees on Monday.
Persons: It's, it's, Hock Tan, Hock, Nutanix, Rajiv Ramaswami, they've, Ramaswami, Bryan Cantrill, Cantrill, they'll, what's, Tan, he'll, Hock E, Tan Lucas Jackson, Raghu Raghuram Organizations: Broadcom, VMware, Business, EMC, Dell, Employees, BI, Oxide Computer Company, San Francisco Chronicle, Symantec, CA Technologies Locations: China, Dell, India, Latin America
On Tuesday, Broadcom CEO Hock Tan addressed questions from VMware employees in an all-hands meeting. Some employees asked about company culture perks such as employee-resource groups and company-wide parties – both of which Tan said Broadcom doesn't do, according to a recording of the meeting viewed by Business Insider. Tan added that Broadcom doesn't have those groups although it doesn't mean the company shouldn't and that it could learn from them. He said Broadcom doesn't do celebrations on a company-wide basis, but each division can choose to have celebratory or team-building events if they want. Broadcom laid off VMware employees on Monday.
Persons: Hock Tan, Tan Organizations: Broadcom, VMware, Business, Broadcom doesn't
Broadcom CEO Hock Tan plans to consolidate some teams at VMware following his blockbuster acquisition of the cloud software provider. He said Broadcom plans to consolidate offices and teams at VMware, particularly those in sales, HR, and finance, according to a recording of the meeting reviewed by Business Insider. "Broadcom has a software group that sells to many of the same customers VMware sells to," Tan said at the meeting. Already, Broadcom has started laying off VMware employees, BI first reported. Besides consolidating teams and laying off employees, Broadcom is looking into strategic alternatives for its End-User Computing and Carbon Black units, Tan said in an email last week.
Persons: Hock Tan, Tan Organizations: Broadcom, VMware, Business, San Francisco Bay Area, San Francisco Chronicle Locations: San Francisco Bay, Palo Alto
Broadcom sent an email to employees joining from VMware telling them they must return to an office by Monday. Employees living over 50 miles from a Broadcom office may be considered remote if Broadcom management approves it, the email said. Tan had told VMware employees before the acquisition's close that he expected employees to return to the office. VMware employees told BI they worried about a culture clash because VMware was more remote-friendly. A1: Typically, individuals over 50 miles from a Broadcom office may be considered remote.
Persons: Hock Tan, Tan, we've Organizations: Broadcom, VMware, Business, BI, Employees Locations: US, Americas, Asia, Pacific, Europe, Africa
Hock Tan, the CEO of Broadcom, said in an all-hands meeting Tuesday that he expects employees living within 50 miles of an office to return to in-person work. One submitted question was: "What can you tell me about headquarters, office locations, and remote work?" "Any other exception, you better learn how to walk on water if you want to work remote," Tan said at the meeting. Broadcom laid off some VMware employees earlier this week, BI first reported. Before the acquisition closing, Tan was already telling VMware employees that he expected them to return to the office.
Persons: Hock Tan, Tan Organizations: Broadcom, VMware, Business Locations: Palo Alto , California, Palo Alto
Broadcom CEO Hock Tan told employees he's reviewing strategic alternatives for two parts of VMware following the acquisition of the cloud software company. Most recently, VMware president Sumit Dhawan became CEO of cybersecurity company Proofpoint. I am very pleased to welcome VMware employees to Broadcom and bring together our engineering-first, innovation-centric teams. We will also continue to support VMware's End-User Computing, led by Shankar Iyer, VP and General Manager, and Carbon Black, led by Jason Rolleston, VP and General Manager, as we review strategic alternatives for these two businesses. As we move forward, we expect there will be growth opportunities for VMware employees within the larger combined company.
Persons: Hock Tan, Tan, CRN, Raghu Raghuram, Krish Prasad, Purnima Padmanabhan, Sanjay Uppal, Umesh Mahajan, Thoma, Sumit Dhawan, , Shankar Iyer, Jason Rolleston, Mike Gannon, • Regan McGrath, Luigi Freguia, • Sylvain Cazard, Cynthia Loyd, Ricky Cooper, Joan Stone, Mark Nagle, • Bryan Prosek Organizations: Broadcom, VMware, Business, VMware Cloud Foundation, CA Technologies, Thoma Bravo, Symantec, Cyber Security Services, Accenture, HCL Technologies, Broadcom Employees, , Security, Strategic, Corporate, Asia Pacific, Services
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