Posts with «author_name|kris holt» label

Take-Two's $12.7 billion purchase of Zynga is complete

One of the biggest takeovers in the history of the gaming industry is complete — Take-Two now owns Zynga. The companies announced the $12.7 billion acquisition in January. The two sides have cut through all the red tape and, after shareholders gave the thumbs up last week, the deal is done.

Zynga has joined the likes of Rockstar Games and 2K under Take-Two's umbrella. As s result of the deal, Take-Two now has a bigger stable of well-known mobile and casual gaming franchises, including Words with Friends and Farmville. Among the games Zynga is working on is Star Wars: Hunters, a free-to-play arena shooter for mobile and Nintendo Switch that's supposed to arrive this year.

“As we bring together our exceptional talent, exciting pipelines of games, and industry-leading technologies and capabilities, we believe that we can take our portfolio to another level of creativity, innovation, and quality," Take-Two chairman and CEO Strauss Zelnick said in a statement. "Each of our teams has a strong history of operational execution, and together, we expect that we will enhance our financial profile through greater scale and profitability, paving the way for us to deliver strong shareholder value.”

Take-Two's buyout of Zynga is part of a major wave of consolidation across the gaming industry. In January, Sony announced it was buying Destiny 2 studio Bungie for $3.6 billion. That news came just days after Microsoft said it planned to buy Activision Blizzard for $68.7 billion. Both takeovers are pending regulatory approval. Activision Blizzard shareholders voted in favor of the Microsoft deal last month.

The FCC has a plan to boost rural broadband download speeds to 100 Mbps

The Federal Communications Commission is aiming to boost rural broadband internet speeds through proposed changes to the Alternative Connect America Cost Model (A-CAM) program. The target is to improve minimum download and upload speeds to 100/20 Mbps in areas served by carriers that receive A-CAM support. The current baseline is 25/3 Mbps.

The A-CAM Broadband Coalition proposed the creation of an Enhanced A-CAM program. The goal is to improve broadband speeds to the levels specified in the Infrastructure Investment and Jobs Act (also known as the $1.2 trillion Bipartisan Infrastructure Law) while avoiding the duplication of efforts across various federal programs.

The notice of proposed rulemaking, which commissioners approved, seeks comment on how the FCC could bolster A-CAM support under an enhanced program and whether the current A-CAM framework even still makes sense. It's also seeking comment on how to align the Enhanced A-CAM program with Congressional goals and programs at other agencies.

As we consider the future of A-CAM, we seek comment on the buildout timelines. The $42 billion BEAD program has a 4 year timeline. I will be interested to see where A-CAM providers land. Here’s the point: we must ensure broadband is being deployed everywhere ASAP @FCC#broadband

— Geoffrey Starks (@GeoffreyStarks) May 19, 2022

"With additional funding and an expansion of the length of time under which electing carriers would receive support, these carriers would increase deployment speeds up to 100 Mbps download and 20 Mbps upload in some of the most challenging and expensive areas to serve in the country," Commissioner Geoffrey Starks said in a statement. "[Some] consumers served by A-CAM carriers could see a four-fold, 10-fold or even 20-fold increase in their speeds."

Last week, using funding allocated by the Bipartisan Infrastructure Law, the Biden administration launched a $45 billion project to bring all Americans online by 2030 and eliminate the digital divide. Officials have also teamed up with internet providers to subsidize the cost of broadband for low-income households.

Amazon's latest stunt is beaming a new Prime Video sci-fi show into outer space

Amazon tried a novel marketing strategy to get more eyeballs (or eyestalks) on a new Prime Video show: it beamed the first episode of sci-fi series Night Sky out of Earth's atmosphere. The company pulled off the stunt earlier today for what it's calling "the first-ever intergalactic premiere for a TV series."

Satellite services companies SES and Intelsat used their ground stations and geostationary satellites to send the episode beyond the reach of our planet. Prime Video noted in a press release that the transmission won't be caught by broadcast satellites and sent back to terra firma, as is usually the case. "Theoretically, this makes the broadcast available to anyone open to receiving satellite signals 384,000 kilometers away from Earth and beyond — the equivalent distance from Earth to the Moon," it said.

Prime Video claims it's not only the first streaming service to send its content to space, but it marks the "farthest distance that a TV series has been intentionally distributed." The episode was transmitted using Ku- and C-band frequencies, which are often employed for satellite TV, media distribution and communications. So if there's anyone or anything out there with the right gear, they'll be able to catch the first episode of what sounds like an intriguing series.

Night Sky premiered on Prime Video today. It centers around a couple (played by Sissy Spacek and JK Simmons) who've been hiding a secret for years: there's a chamber buried in their backyard that links to a deserted planet. However, everything changes when a young man (who they believe may be an alien) enters their lives.

A second Apple Store union election will take place next month

Employees at an Apple Store in Towson, Maryland have set a date for their union election. Workers at the Towson Town Center location will vote in person over four days, starting on June 15th.

The organizers call themselves Coalition of Organized Retail Employees (AppleCore). They're aiming to unionize with the International Association of Machinists and Aerospace Workers. 

In a letter to Apple CEO Tim Cook, the group said "a solid majority" of staff supports the union drive. They said they are organizing "because of a deep love of our role as workers within the company and out of care for the company itself." They want "access to rights that we do not currently have" and for Apple to apply the same neutrality agreements it has with suppliers to workers, "so that as employees we can obtain our rights to information and collective bargaining that the law affords us through unionization."

They will be the second group of Apple Store workers to stage a union election. Those at the Cumberland Mall location in Atlanta will vote in early June on whether to join the Communications Workers of America (CWA).

Employees at Apple Stores other than the Towson and Atlanta locations are conducting union drives as well. Workers at the Grand Central Terminal store in New York City have been collecting signatures for a union vote.

While Apple has agreed to the elections in Maryland and Georgia, the company is reportedly fighting unionization efforts. It's said to have hired the same anti-union law firm as Starbucks. The company has also reportedly used anti-union talking points in pre-shift meetings at some locations. This week, workers at two stores accused Apple of union busting in Unfair Labor Practice filings.

Young Obi-Wan Kenobi comes to ‘Fortnite’ to promote his Disney+ series

Yet another major Star Wars character is about to drop onto the Fortnite island. Obi-Wan Kenobi will hit the Fortnite Item Shop on May 26th, just hours before his eponymous series debuts on Disney+.

Along with being able to play as the iconic Jedi Master, you'll be able to snap up some related cosmetics including back bling, a pickax, a Jedi Interceptor glider and an emote. Those will be available to buy separately or as part of a bundle that includes an Obi-Wan loading screen.

You'll have the chance to win the outfit and back bling early if you take part in the Obi-Wan Kenobi Cup. That's a duos event that will take place on Sunday with lightsabers and E-11 blaster rifles making a temporary return to the island.

We’ve got a good feeling about this. pic.twitter.com/K2gModI4VO

— Fortnite (@FortniteGame) May 20, 2022

The six-episode Obi-Wan Kenobi series will premiere on Disney+ on May 27th. Ewan McGregor reprises his role from the prequel movies. Hayden Christiansen also returns to play Darth Vader once again.

Epic Games and Lucasfilm have been working together for several years to bring Star Wars characters to Fortnite. Boba Fett and The Mandalorian, the main characters of other Disney+ Star Wars shows, have joined the fray, as have Rey, Finn, a Stormtrooper, Zorii Bliss and Kylo Ren.

Coinbase reportedly pauses hiring amid plummeting crypto market

In the wake of the cryptocurrency market crashing, Coinbase said this week it was joining a number of tech companies by slowing down its hiring plans for this year. More details have emerged about Coinbase's efforts to cut costs after The Information obtained emails that were sent to employees.

The company is said to have frozen hiring for two weeks (though it will honor offers that have already been sent) and put new projects on hold. It is also reportedly trying to reduce how much it spends on hosting services.

Along with not hiring as many people as it previously expected to this year, Coinbase is looking to minimize employee attrition. According to the report, the company is giving workers more shares. Coinbase's stock has dropped by over 75 percent in the last six months.

Coinbase is said to have paused some projects, such as a business banking initiative, while it focuses on increasing revenue from core products, including retail and institutional trading. It's reportedly planning to offer retail customers more cryptocurrencies and to expand operations outside of the US.

When asked for comment, a Coinbase spokesperson directed Engadget to a tweet thread from chief product officer Surojit Chatterjee. While the company is renewing focus on its "high-impact products" and trying to "improve efficiencies by seeking improvements in developer productivity," Chatterjee noted that Coinbase doesn't plan to stop investing in strategic and venture projects. "We believe the down market is a great time to build for the longer term," Chatterjee wrote.

The company revealed in its first-quarter earnings report last week that, at $1.16 billion, net revenue fell by 27 percent year-over-year and by over half from the previous quarter. Trading volume also dropped. Amid a hiring spree (it's said to have brought in more than 1,200 new employees this year), operating expenses increased by nine percent from the previous quarter to $1.7 billion. Coinbase had a net loss of $430 million in Q1. All of that was before the cryptocurrency market nosedived earlier this month.

Stablecoin TerraUSD (which is supposed to be pegged to the value of the US dollar) and sister token Luna effectively collapsed, causing a ripple effect to other cryptocurrency prices. Though it has since rebounded a bit, the price of bitcoin also dipped below $26,000 for the first time in 16 months last week amid a sell off that saw over $200 billion wiped from the crypto market in one day.

Coinbase's shift in hiring strategy reflects a broader trend among prominent tech companies. Meta and Uber are among the major businesses that are cutting costs and slowing down recruitment plans. Meanwhile, Netflix laid off around 150 staff in the US this week and canceled some animated projects. The company's stock plummeted after it reported its first-ever quarterly drop in subscriber numbers last month.

Senate bill would break up Google’s ad business

A bill that would break up Google's advertising business if it becomes law has been introduced in the Senate. The Competition and Transparency in Digital Advertising Act, which has support on both sides of the aisle, would prevent companies that process more than $20 billion in annual digital ad transactions "from participating in more than one part of the digital advertising ecosystem," as The Wall Street Journal reports.

Google easily falls under that distinction. It generated $54.7 billion in ad revenue last quarter alone. While other companies meet the dollar-figure threshold of the proposed rules, Google has a hand in many aspects of the advertising process. It runs an exchange where ad networks bid on inventory. It also offers tools to help companies buy and sell ads.

A House of Representatives version of the legislation is also expected to be introduced imminently. If the bill becomes law, Google would have to exit some of those businesses. It would have a year to comply with the rules after the law is enacted. Meta may also be impacted by the legislation.

“When you have Google simultaneously serving as a seller and a buyer and running an exchange, that gives them an unfair, undue advantage in the marketplace, one that doesn’t necessarily reflect the value they are providing,” Sen. Mike Lee (R-Utah) told the Journal. “When a company can wear all these hats simultaneously, it can engage in conduct that harms everyone.”

Lee is the ranking member of the Subcommittee on Competition Policy, Antitrust, and Consumer Rights. Committee chair Sen. Amy Klobuchar (D-Minnesota) is a cosponsor of the bill, as are Sens.Ted Cruz (R-Texas) and Richard Blumenthal (D- Connecticut).

“Advertising tools from Google and many competitors help American websites and apps fund their content, help businesses grow and help protect users from privacy risks and misleading ads," a Google spokesperson told Engadget. "Breaking those tools would hurt publishers and advertisers, lower ad quality and create new privacy risks. And, at a time of heightened inflation, it would handicap small businesses looking for easy and effective ways to grow online. The real issue is low-quality data brokers who threaten Americans’ privacy and flood them with spammy ads. In short, this is the wrong bill, at the wrong time, aimed at the wrong target.”

Other provisions of the bill include rules for companies that process at least $5 billion of ad transactions per year. They'd be required to provide transparent pricing and act in their customers' best interest. Customers would have the option to sue over breaches of those.

There are other pieces of antitrust legislation in the works that target tech giants. Klobuchar's American Innovation and Choice Online Act, which advanced out of committee in January, would ban companies from giving preference to their own products over those from rivals on their own platforms. For instance, Apple wouldn't be able to position its own apps above competing ones in App Store search results.

Twitter says it won't amplify false content during a crisis

Twitter is taking more steps to slow the spread of misinformation during times of crisis. The company will attempt to amplify credible and authoritative information while trying to avoid elevating falsehoods that can lead to severe harm. Under its new crisis misinformation policy, Twitter interprets crises as circumstances that pose a "widespread threat to life, physical safety, health or basic subsistence" in line with the United Nations’ definition of a humanitarian crisis.

For now, the policy will only apply to tweets regarding international armed conflict. It may eventually cover the likes of natural disasters and public health emergencies. 

The company plans to fact-check information with the help of "multiple credible, publicly available sources." Those include humanitarian groups, open-source investigators, journalists and conflict monitoring organizations.

Twitter acknowledges that misinformation can spread quickly and it will take action "as soon as we have evidence that a claim may be misleading." Tweets that violate the rules of this policy won't appear in the Home timeline or the search or explore sections.

"Content moderation is more than just leaving up or taking down content, and we’ve expanded the range of actions we may take to ensure they’re proportionate to the severity of the potential harm," Twitter's head of safety and integrity Yoel Roth wrote in a blog post. "We’ve found that not amplifying or recommending certain content, adding context through labels, and in severe cases, disabling engagement with the Tweets, are effective ways to mitigate harm, while still preserving speech and records of critical global events.

We’ve been refining our approach to crisis misinformation, drawing on input from global experts and human rights organizations. As part of this new framework, we’ll start adding warning notices on high visibility misleading Tweets related to the war in Ukraine. pic.twitter.com/fr0NGleJXP

— Twitter Safety (@TwitterSafety) May 19, 2022

The company will also make it a priority to put notices on highly visible rule-breaking tweets and those from high-profile accounts, such as ones operated by state-run media or governments. Users will need to click through the notice to read the tweet. Likes, retweets and shares will be disabled on these tweets as well.

"This tweet violated the Twitter Rules on sharing false or misleading info that might bring harm to crisis-affected populations," the notice will read. "However, to preserve this content for accountability purposes, Twitter has determined this tweet should remain available." In addition, the notice will include a link to more details about Twitter's approach to crisis misinformation. The company says it will start adding the notice to highly visible misleading tweets related to the war in Ukraine.

The notice may appear on tweets that include falsehoods about on-the-ground conditions during an evolving conflict; misleading or incorrect allegations of war crimes or mass atrocities; or misinformation about the use of weapons or force. Twitter may also apply the label to tweets with "false information regarding international community response, sanctions, defensive actions or humanitarian operations."

There are some exceptions to the rules. They won't apply to personal anecdotes, first-person accounts, efforts to debunk or fact-check a claim or "strong commentary."

However, a lot of the fine details about Elon Musk's pending takeover of Twitter remain up in the air, and this policy could change if and when the deal closes. Musk has said Twitter should only suppress illegal speech (which is also a complex issue, since rules vary by jurisdiction). It remains to be seen exactly how he will handle content moderation.

The current-gen version of 'The Witcher 3' is now slated to arrive in late 2022

The long-awaited PlayStation 5 and Xbox Series X/S version of The Witcher 3: Wild Hunt once again has a release window. The new edition, which is also coming to PC, is expected to arrive in the last three months of the year, according to CD Projekt Red. It will be a free upgrade for those who own the respective last-gen version on PC, PS4 or Xbox One.

Let's make this 7th anniversary even better, shall we?

We're delighted to share that the Next Gen version of The Witcher 3: Wild Hunt is planned to release in Q4 2022.

See you on the Path, witchers! pic.twitter.com/2wQbxMP4zh

— The Witcher (@witchergame) May 19, 2022

The news comes a month after CD Projekt Red delayed the current-gen version of the game indefinitely. Its in-house team took over development of The Witcher 3: Wild Hunt — Complete Edition from Saber Interactive (which handled the Nintendo Switch port of the base game) around that time. Now, presumably after assessing how much work needs to be done, CDPR is confident it can get the upgraded version out this year.

The studio announced the PS5 and Xbox Series X/S edition in September 2020 and it initially planned to release it the following year. However, CDPR pushed back the launch window to the second quarter of 2022 before the most recent delay.

Developers should always get as much time as possible to polish a game and squish as many bugs as they can anyway, but after the disastrous launch of Cyberpunk 2077, CD Projekt Red doesn't have much room for error. It released the (very good) current-gen edition of Cyberpunk 2077 in February. Here's hoping the upgrade for The Witcher 3 is worth the wait too.

Gatik is bringing its self-driving box trucks to Kansas

Autonomous vehicle startup Gatik says it will start using its self-driving box trucks in Kansas as it expands to more territories. Governor Laura Kelly last week signed a bill that makes it legal for self-driving vehicles to run on public roads under certain circumstances.

Following a similar effort in Arkansas, Gatik says it and its partner Walmart worked with legislators and stakeholders to "develop and propose legislation that prioritizes the safe and structured introduction of autonomous vehicles in the state." Before Gatik's trucks hit Kansas roads, the company says it will provide training to first responders and law enforcement.

Gatik claims that, since it started commercial operations three years ago, it has maintained a clean safety record in Arkansas, Texas, Louisiana and Ontario, Canada. It still has a safety driver at the wheel in some jurisdictions. Last August, Walmart started making fully driverless deliveries with Gatik trucks in Arkansas, albeit on a fixed loop.