Top tech news stories today: August 20, 2024

IT infrastructure

1. S&P lowers outlook for Warner Bros Discovery to ‘negative’ on cable TV decline

The cable TV business, which brings in about half of Warner Bros Discovery’s revenue, hasbeen struggling with a slump in ad dollars and cord-cutting by consumers shifting tostreaming. (Economic Times)

2. Palo Alto forecasts annual results above estimates on cybersecurity demand

Palo Alto Networks PANW-Q +2.77% increase forecast fiscal 2025 revenue and profit above Wall Street estimates on Monday, a sign of growing demand for its comprehensive cybersecurity products as digital threat landscape evolves. (the Global and Mails)

3. AMD to acquire infrastructure player ZT Systems for $4.9B to amp up its AI ecosystem play

AMD today announced a big acquisition to boost its position as an “ecosystem” partner for companies building big AI businesses: It is acquiring ZT Systems, which provides compute design and infrastructure for AI, cloud and general purpose computing, for $4.9 billion. (Tech Crunch)

Tech Crunch

4. Ericsson offloads Iconectiv to Koch Equity for $1bn

Ericsson has announced the sale of its US subsidiary, Iconectiv to Koch Equity Development for $1 billion (SEK 10.6 billion). (Capacity.)

5. Maxis and CMI partner to drive 5G growth with new MoU

Maxis and China Mobile International (CMI) have signed a Memorandum of Understanding (MoU), initiating a strategic alliance focused on accelerating 5G advancements. (Telecom Review Asia)

6. Plain text passwords may have struck again

A website linked to National Public Data’s massive breach was storing passwords for its back end database in a file that anyone could’ve accessed. (the Verge)

7. Tech minister threatens legislation to address community concerns over telegraph poles

The UK government has called on broadband providers to limit the installation of unnecessary telegraph poles, warning that it will introduce legislation to prevent them if they fail to comply. (Capacity.)

8. Nokia and TIM Brazil join forces to expand 5G across Brazil in 2025

Nokia to modernise TIM’s network with 5G equipment from its comprehensive AirScale portfolio. (GlobalNewsWire)

9. Singtel and Bridge Alliance to roll out GPU-as-a-Service in Southeast Asia

Singtel, a leading communications technology group in Asia, and Bridge Alliance, a leading mobile alliance of 35 member operators worldwide, today announced a strategic partnership that will bring Singtel’s GPU-as-a-Service (GPUaaS) offerings to enterprises across the region. (Singtel)

AI

10. GitHub CEO Thomas Dohmke says the AI industry needs competition to thrive

Dohmke explains that GitHub aims to be a platform that fosters competition and partnerships in the AI industry. (DeepCast)

11. Donald Trump posts a fake AI-generated Taylor Swift endorsement

The posts may not violate new deepfake election laws, but Swift herself might have a legal claim. (the Verge)

ioT

12. Sateliot expands 5G NB-IoT satellite constellation

Sateliot has launched four additional low-Earth orbit (LEO) nanosatellites as part of its growing 5G NB-IoT NTN constellation. (ioT Tech News)

Tuna-Tu

Tuna Tu

Tuna Tu, an intern reporter at BTW media dedicated in IT infrastructure and media. She graduated from The Communication University of Zhejiang and now works in Hangzhou. Send tips to t.tu@btw.media.

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