Here’s what we have for you today:
• Poor Intel
• Microsoft going big
• Crypto fraud tech”no”
Microsoft fighting for Activision
Big bully? Microsoft President Brad Smith had a closed-door meeting on February 21, 2023 with EU regulators and competitors in Brussels to address concerns that its acquisition of Activision Blizzard could hurt competition.
Decade move: Microsoft said that it has entered into a 10-year partnership with Nvidia to bring Xbox PC games to Nvidia’s cloud gaming service.
10 for 10: Microsoft also revealed it has finalized a 10-year agreement to bring the latest version of “Call of Duty” to the Nintendo platform once the merger with Activision is completed.
SBF’s lawyers agreed to pay to explain
Slimy Sam: Bankman-Fried has been banned from using VPNs and auto-deleting messaging apps while on bail.
Possibility: Bankman-Fried could “conceivably” be sent back to jail as a result of his use of electronics while on bail.
Hardline justice: Currently, 78-year-old US District Judge Lewis Kaplan proposed that the defense pay for an expert to advise him on VPNs and other technical matters related to Bankman-Fried’s bail conditions.
Intel Slashes Dividend 66%
Make or break: lowest dividend level in 16 years in an effort to preserve cash and focus on a turnaround plan.
Explanation: “The decision to decrease the quarterly dividend reflects the board’s deliberate approach to capital allocation and is designed to best position the company to create long-term value,” Intel said in the statement.
The heat: The company has taken an especially large hit from losing market share to rivals, such as top performer AMD.