Tuesday, May 25, 2021

10 things in tech: Oracle infighting, Amazon's MGM deal, Intel power players

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10 THINGS BEFORE THE OPENING BELL

no time to die

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1. Amazon could announce a roughly $9 billion deal to acquire MGM this week. Industry sources said the tech giant has been negotiating the deal for weeks, and the acquisition could be announced within a matter of days. Here's what the deal would mean for Amazon.

2. Russia has threatened to throttle Google thanks to prohibited content, local state media reported. A slowdown would follow Russia's throttling of Twitter, and comes after its government fined Google. More on Russia's crackdown here.

3. The disturbing story of the murder of tech CEO Fahim Saleh, who police say was decapitated and dismembered by his assistant. Tyrese Haspil has been charged with killing his 33-year-old boss last summer. We spoke with the men's friends and families, who gave us a glimpse into each of their lives — and how they were destroyed. An inside look at what went wrong.

4. The Bill and Melinda Gates Foundation sold all its Apple and Twitter shares right before the couple announced their divorce. The foundation's trust sold the shares for hundreds of millions of dollars. More on that here.

5. Tesla is testing lidar sensors — which Elon Musk had dismissed as "expensive" and "unnecessary." Musk has long insisted he can deliver a self-driving car using cameras alone, but now the company is working with Luminar Technologies to test the technology. You can see the sensors being tested here.

6. A couple just moved into a 3D-printed concrete home for about $1,400 a month. The home is one of five houses that are part of the first 3D-printed concrete "commercial housing project" — an experiment that could alleviate housing shortages. See what it's like to live in.

7. SpaceX is causing a rift between Brownsville, Texas, residents as it sets up its main facilities nearby. Some are excited for it to create job opportunities and pump money into the city, while others worry SpaceX will displace locals, hike prices, and destroy nature reserves. Here's what locals are saying.

8. One of the biggest US insurance companies paid hackers a $40 million ransom. Following a March cyberattack CNA Financial doled out the massive ransom. More on the attack — and why ransom demands are increasing.

9. We identified the 181 most powerful people at Intel. As new CEO Pat Gelsinger tries to turn around slowing growth at the chip giant, we compiled an interactive org chart of the top execs and staff helping lead the charge. Check out our exclusive org chart.

10. Insiders say Oracle's best hope in the cloud wars with Amazon is a team led with a "culture of fear." A dozen current and former employees and execs said that the culture was partly cultivated by cloud boss Clay Magouyrk, who is known for trying to get results by "beating down" employees emotionally. Read more in our exclusive report.


Compiled by Jordan Erb. Tips/comments? Email jerb@insider.com or tweet @JordanParkerErb.

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