Category: business

Here’s AMD’s statement on the matter: “We continue making good progress on the required regulatory approvals to close our transaction. While we had previously expected that we would secure all approvals by the end of 2021, we have not yet completed the process and we now expect the transaction to close in the first quarter of 2022. Our conversations with regulators continue to progress productively, and we expect to secure all required approvals. There are no additional changes to the previously announced terms or plans regarding the transaction and the companies continue to look forward to the proposed combination creating the industry’s high-performance and adaptive computing leader.”

State investigators conducted 58 inspections across 13 counties from 2015 to 2021 and said they found classified hazardous and medical waste in each store’s trash compactors, as well as customer information that should have been rendered indecipherable. The California DOJ estimates that Walmart’s unlawfully disposed waste totals 159,600 pounds or more than 1 million items each year. Hargrove said that the compactor waste audits “conducted or overseen by the California attorney general have shown that the compactor waste contain at most 0.4% of items of potential concern,” comparing it to the 3 percent statewide average. In 2010, Walmart reached a $25 million settlement with the state of California for illegally disposing of hazardous waste. They also paid $1.25 million to Missouri in 2012 for a similar incident and pleaded guilty in 2013 for negligently discharging a pollutant into drains in 16 counties in California.

While video game companies rake in billions of dollars, their workers complain of unfair labor practices, long hours, sexual harassment and workplace misconduct… In the past, game workers would avoid speaking out publicly against their employer, as it could tarnish their reputation within the industry and make it difficult to find future jobs. But after decades of major gaming companies expecting employees to work 80- or 90-hour workweeks, and of workers fearing retaliation from management, Vodeo employees told The Post that the tide was changing…

What’s happening in the games industry at Activision Blizzard and Vodeo is unprecedented. No single gaming company like Activision Blizzard has dominated the headlines with lawsuit after lawsuit for months before, topped off with an explosive Wall Street Journal report in November that claimed CEO Bobby Kotick did not inform the company’s board of directors for years about sexual misconduct allegations. A petition calling for Kotick’s resignation that was circulated among employees netted over 1,850 signatures… At least several dozen Activision Blizzard workers across the company are in the midst of their third work stoppage following a California state agency lawsuit that alleged widespread sexual harassment and misconduct at the company. The strike is on its third week as workers demand that management rehire 12 contractors from Call of Duty developer Raven Software and promote all Raven quality assurance testers to full-time status. Some in-person demonstrations have taken place at the quality assurance office in Austin, Texas.

Activision Blizzard management responded to employees in a Dec. 10 email that ongoing work toward improving company culture would be best achieved without a union…

Activision Blizzard’s tumultuous battle with lawsuits, government investigations and worker protests has Wall Street analysts downgrading their rating of its stock. Unionization would further lower the company’s market value, according to Wedbush Securities analyst Michael Pachter. “If they were to succeed [in unionizing], the company would have to determine whether to recognize the union or to bust it,” Pachter said. “If only the hourly workers chose unionization, Activision could decide whether it is cheaper to recognize them or to export their jobs to a nonunion locale.”

That possibility looms large for workers in the industry. “I do fear for my job,” said Aubrey Ryan, a contractor working for Blizzard. “Even if I’m fired, I have been part of a movement that is going to change the games industry. I might not benefit, but future people like me will.”

Some interesting quotes from two pro-union figures interviewed by the Post:

“There’s been a lot of groundwork that’s been happening in the game industry over the last few years in terms of raising awareness about unions.” — Vodeo designer Carolyn Jong

“Vodeo has broken the ice on smaller studios. There are definitely folks at smaller studios that are realizing that unions are not just for triple A studios…” — a Southern California games-industry organizer

When it is safe for employees to return to the office, Apple is planning for a hybrid work schedule. Employees will be expected to be in the office three days a week, but will have the option of working from home for two days a week. Apple also plans to allow employees to work remotely for up to one month per year, giving them more time to travel and be closer to loved ones. Because employees will need to continue to work from home, Cook said that Apple is giving every corporate employee $1,000 to spend on home office equipment.

Massive co-founder and CEO Jason Grad described the startup’s work as something akin to an Airbnb or Turo for users’ computers, comparing its service to some of the more popular consumer-sharing startups that folks already know. It’s a reasonable comparison. Some 50,000 desktop computer users — nodes, in the company’s parlance — have opted into its service. Which is white hat, it goes without saying. Given that Massive is asking for compute power, it will have constant work to do to ensure that it is a good steward of user trust and partner selection; no one wants their spare CPU cycles to go to something illegal. The company has a good early stance toward caring for its nascent compute exchange, with a hard requirement of getting users to opt into its service before joining.

To start, Massive is working with crypto-focused companies. They have an obvious need for compute power, and the work they execute — running blockchain calculations — is monetized through block rewards and other fees, making them easy choices for partnerships. You can now see why the company’s investor list includes a number of crypto-focused venture capital firms. The startup’s goal is broader, however. It wants to build a two-sided marketplace for compute power, Grad explained. That means lots more users offering up a slice of their computing power, future acceptance of mobile devices, and a broader partner list. Part of the company’s perspective is rooted in the belief that the dominant business models of the internet today are lacking. “Shit,” to quote Grad directly.

Raspberry Pi Trading has hired advisors from two investment banks, Stifel and Liberum to advise on floating the company in spring 2022. The news comes just a few months after Raspberry Pi received a £45m ($60m) investment from Lansdowne Partners and the Ezrah Charitable Trust which was used to fund the development of new products as demand increased during the global pandemic. A source close to The Telegraph has valued Raspberry Pi at a premium of $500m…

“Obviously, the $45m we raised in September takes away some of the urgency around figuring out how we fund the future. On the other hand, we have great plans for what we are going to do over the next five years.” Eben Upton, talking to The Telegraph.

On top of that, Samsung will also apparently end production on its Galaxy Note 20 series entirely by the end of 2021. Until now, production on the Galaxy Note 20 has continued as the device has still been selling. In 2021, the series reportedly sold around 3.2 million devices, around a third the number of Note devices sold in 2020. Of course, we know well at this point that the Galaxy S22 Ultra will act as a spiritual successor to the Galaxy Note series, with the device adopting a design closer to the Note 20 series as well as using the same built-in stylus. The Galaxy Fold series also inherits the S Pen, but still lacks a good place to store it.