Big mergers seems to be getting push back. The AT&T acquisition of Time-Warner is still under scrutiny (as is the Judge that approved it) and the Sinclair acquisition of Tribune was officially shut down. Elon Musk also might be over running a publicly traded company and is thinking about taking Telsa private.
In other news, IBM is still struggling with Watson and bots might pick your veggies in the near future.
Acquisitions
- AT&T Not Out of the Legal Woods Yet
In the original case, the government argued that AT&T would be able to dictate higher carriage fees to competing distributors by threatening to withhold its cable networks from rival pay-TV providers, leading to higher prices for consumers. Judge Leon concluded that the facts didn’t uphold that. Antitrust experts say the government is likely to argue that the judge defined the market too loosely, allowing AT&T’s argument that its competition includes tech firms like Netflix , Facebook and Amazon.
https://www.wsj.com/articles/at-t-not-out-of-the-legal-woods-yet-1533549600
DOJ’s Behind-the-Scenes Struggles With Judge in AT&T Case
Jeffrey Jacobovitz, an antitrust lawyer with Arnall Golden Gregory LLP who isn’t connected with the case, said judges have their own styles for administering trials, though sidebar conferences generally happen more in jury trials, so jurors won’t be influenced. There was no jury in the AT&T trial.
“It’s unusual for a judge to have voluminous sidebars when it’s the judge resolving the ultimate issues,” Mr. Jacobovitz said.
https://www.wsj.com/articles/dojs-behind-the-scenes-struggles-with-judge-in-at-t-case-1533682305
- Sinclair’s Bid to Monopolize Local TV News Is Officially Dead
Said behavior included what critics say were “sham” divestment deals, where Sinclair attempted to offload some stations to companies it still controlled in a bid to pretend the deal would fall within media ownership limits. Currently, the law states no one broadcaster can reach more than 38% of households (Sinclair would have reached 72% had the deal been approved).
Sinclair’s efforts were so brazen, they forced even the historically mega-industry-friendly FCC chief Ajit Pai to shovel the deal off to an administrative law judge, a move traditionally seen as a death knell for such megadeals.
https://motherboard.vice.com/en_us/article/8xbk5p/sinclairs-bid-to-monopolize-local-tv-news-is-officially-dead
- Elon Musk is seriously considering taking Tesla private
“The reason for doing this is all about creating the environment for Tesla to operate best,” Musk began. Being a public company means being subjected to wild swings in stock prices (it even spiked earlier today after his tweet talking about taking the company private), and such volatility can be a “major distraction” for both Tesla’s workforce and shareholders. It’s the latter Musk seems to want to mute by going private, as he lamented the pressure that putting out quarterly reports (which are mandated by law for public companies) puts on the company to make decisions that will look better in the short term but not serve Tesla best in the long run. He also noted that going private would avoid stock shorting attempts to harm the company.
https://www.engadget.com/2018/08/07/elon-musk-admits-want-take-tesla-private/
Artificial Intelligence
- Employees at Google, Amazon and Microsoft Have Threatened to Walk Off the Job Over the Use of AI
There is certainly a lot to worry about. Widespread use of facial-recognition technology by law enforcement can spell the end of speech, association and privacy rights (just think about the ability to identify, catalog and store thousands of facial images from a boisterous political rally). As O’Neill reminds us in her book, the algorithms employed in large chain store hiring processes and credit worthiness decision are opaque and lack self-correction mechanisms. They give off an air of objectivity and authority while encoding the prejudices of the people who programmed them. Weapons systems combining face recognition and social-media access can pick off opponents more efficiently than the most ruthless assassin. The images of swarm-drone warfare in Slaughterbots are the stuff of nightmares.
https://nationalinterest.org/blog/buzz/employees-google-amazon-and-microsoft-have-threatened-walk-job-over-use-ai-27962
- Your vegetables are going to be picked by robots sooner than you think
Root AI is focused on the 2.3 million square feet of indoor farms that currently exist in the world and is hoping to expand as the number of farms cultivating crops indoors increases. Some estimates from analysis firms like Agrilyst put the planned expansions in indoor farming at around 22 million square feet (much of that in the U.S.).
While that only amounts to roughly 505 acres of land — a fraction of the 900 million acres of farmland that’s currently cultivated in the U.S. — those indoor farms offer huge yield advantages over traditional farms with a much lower footprint in terms of resources used. The average yield per acre in indoor farms for vine crops like tomatoes, and leafy greens, is over ten times higher than outdoor farms.
https://techcrunch.com/2018/08/08/your-vegetables-are-going-to-be-picked-by-robots-sooner-than-you-think/
- IBM Has a Watson Dilemma
Recommending personal medical treatment is a taller order. The software needs to be trained with data on what has worked in the past, including details on patients’ medical histories and treatment outcomes. That information is often recorded in different formats and owned by different companies, and isn’t always complete or consistent.
Moreover, human doctors still have a lot to learn about the science of disease, including cancer.
Oncology won’t be “a great space for making [AI] products” until there’s better data about patients, spanning genetic, environmental, lifestyle and health information, said Bob Kocher, a medical doctor and partner at venture-capital firm Venrock in Palo Alto, Calif. In the near term, most of the benefits from AI in the health-care field will come in administrative tasks such as billing, he added.
https://www.wsj.com/articles/ibm-bet-billions-that-watson-could-improve-cancer-treatment-it-hasnt-worked-1533961147
Cloud
Security
Software/SaaS
- Oracle introduces autonomous transaction processing database – pounds on AWS
We’re the easiest database in the world to use. There’s nothing to learn, there’s nothing to do. It’s much much less labor involved so it’s much, much lower in cost. It’s truly elastic because you only pay for the infrastructure that you use. So when the application is not running then Oracle deactivates servers – it’s called a serverless system. And if you’re at a busy time then it will automatically add servers while the system is is still running.
https://diginomica.com/2018/08/07/oracle-introduces-autonomous-transaction-processing-database-pounds-on-aws/
- SAP Ariba Named a Leader in Gartner 2018 Magic Quadrant for Strategic
SAP Ariba today announced it has been positioned in the Leaders quadrant of the Gartner 2018 Magic Quadrant for Strategic Sourcing Application Suites. (Gartner, Inc. Magic Quadrant for Strategic Sourcing Application Suites, Magnus Bergfors, Patrick M. Connaughton, et al., August 1, 2018). In May, SAP Ariba was also recognized in the Gartner 2018 Magic Quadrant for Procure-to-Pay Suites alongside SAP Fieldglass.
https://www.businesswire.com/news/home/20180806005442/en/SAP-Ariba-Named-Leader-Gartner-2018-Magic
- Salesforce Promotes Keith Block to Co-CEO
Mr. Block, a former Oracle Corp. executive who joined Salesforce in 2013 as vice chairman and president, now will report directly to Salesforce’s board of directors. Mr. Benioff, who will go from being sole CEO to co-CEO, will continue leading the company’s “vision and innovation in areas including technology, marketing, stakeholder engagement and culture,” while Mr. Block will run the company’s “growth strategy, execution and operations,” Salesforce said.
https://www.wsj.com/articles/salesforce-promotes-keith-block-to-co-ceo-1533704207
Datacenter/Hardware
Other
Photo by Johannes Plenio on Unsplash