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Xerox Buys Lexmark For $1.5 Billion As Print Industry Clings To Relevance

1 week 5 days ago
BrianFagioli shares a report from NERDS.xyz: In a move that feels straight out of a different era, Xerox has officially acquired Lexmark for $1.5 billion. The deal includes net debt and assumed liabilities, and it pulls Lexmark out of the hands of Chinese ownership and into a freshly restructured Xerox. That's a lot of money for a company best known for making machines that spit out paper. According to Xerox, this is all part of a "Reinvention" strategy. The company now claims it will be one of the top five players in every major print category and the leader in managed print services. [...] Xerox says the new leadership team will include executives from both sides, and the combined business will now support over 200,000 clients in more than 170 countries. They'll also be running 125 manufacturing and distribution centers in 16 countries.

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AMC Warns Moviegoers To Expect '25-30 Minutes' of Ads and Trailers

1 week 5 days ago
AMC Theatres now warns customers that movies start 25-30 minutes after the listed showtime to account for ads and trailers, "making it easier for moviegoers to know the actual start time of their film screening," reports The Verge. From the report: Starting today, AMC will also show more ads than before, meaning its preshow lineup may have to be reconfigured to avoid exceeding the 30-minute mark. The company made an agreement with the National CineMedia ad network that includes as much as five minutes of commercials shown "after a movie's official start time," according to The Hollywood Reporter, and an additional 30-to-60-second "Platinum Spot" that plays before the last one or two trailers. AMC was the only major theater chain to reject the National CineMedia ad spot when it was pitched in 2019, telling Bloomberg at the time that it believed "US moviegoers would react quite negatively." Now struggling financially amid an overall decline in movie theater attendance and box-office grosses, AMC has reversed course, telling The Hollywood Reporter that its competitors "have fully participated for more than five years without any direct impact to their attendance."

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With OpenAI, there are no allegiances - just compute at all costs

1 week 5 days ago
Google's TPUs might not be on Altman's menu just yet, but he's never been all that picky about hardware

Analysis  No longer bound to Microsoft's infrastructure, OpenAI is looking to expand its network of compute providers to the likes of Oracle, CoreWeave, and apparently even rival model builder Google.…

Tobias Mann

Amazon Deploys Its One Millionth Robot, Releases Generative AI Model

1 week 5 days ago
An anonymous reader quotes a report from TechCrunch: After 13 years of deploying robots into its warehouses, Amazon reached a new milestone. The tech behemoth now has 1 million robots in its warehouses, the company announced Monday. This one millionth robot was recently delivered to an Amazon fulfillment facility in Japan. That figure puts Amazon on track to reach another landmark: Its vast network of warehouses may soon have the same number of robots working as people, according to reporting from The Wall Street Journal. The WSJ also reported that 75% of Amazon's global deliveries are now assisted in some way by a robot. Amazon also unveiled a new generative AI model called DeepFleet, built using SageMaker and trained on its own warehouse data, which improves robotic fleet speed by 10% through more efficient route coordination.

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Landmark EU Tech Rules Holding Back Innovation, Google Says

1 week 5 days ago
Google will tell European Union antitrust regulators Tuesday that the bloc's Digital Markets Act is stifling innovation and harming European users and businesses. The tech giant faces charges under the DMA for allegedly favoring its own services like Google Shopping, Google Hotels, and Google Flights over competitors. Potential fines could reach 10% of Google's global annual revenue. Google lawyer Clare Kelly will address a European Commission workshop, arguing that compliance changes have forced Europeans to pay more for travel tickets while airlines, hotels, and restaurants report losing up to 30% of direct booking traffic.

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