Director Jim Jarmusch ‘disappointed and disconcerted’ by Mubi’s funding from Sequoia

Director Jim Jarmusch ‘disappointed and disconcerted’ by Mubi’s funding from Sequoia

Veteran indie filmmaker Jim Jarmusch premiered his new movie “Father Mother Sister Brother” today at the Venice Film Festival, where journalists asked him about Mubi, the streaming platform that co-produced the film — specifically, about Mubi’s recent $100 million funding round led by Sequoia Capital. “I was disappointed and disconcerted by this relationship,” Jarmusch said,…

Read More
UK age check law seems to be hurting sites that comply, helping those that don’t

UK age check law seems to be hurting sites that comply, helping those that don’t

The United Kingdom recently started enforcing the Online Safety Act’s age-check rules, and The Washington Post reports that it’s already having a significant effect on web traffic. U.K. law now requires pornography websites to verify their users’ ages through means such as face scans and driver’s licenses; it also requires that online platforms prevent children…

Read More
Trump administration’s deal is structured to prevent Intel from selling foundry unit

Trump administration’s deal is structured to prevent Intel from selling foundry unit

The Trump administration seems intent on controlling Intel’s ability to make key business decisions around its floundering foundry business unit. According to reporting from the Financial Times, at a Deutsche Bank conference on Thursday, Intel’s CFO David Zinsner shared new details about the company’s recent deal with the Trump administration, which gave the U.S. government…

Read More
Trump administration’s deal is structured to prevent Intel from selling foundry unit

The Trump administration’s big Intel investment comes from already awarded grants

Intel officially announced an agreement with President Donald Trump’s administration on Friday afternoon, following Trump’s statement that the government would be taking a 10% stake in the struggling chipmaker. While Intel says the government is making an “$8.9 billion investment in Intel common stock,” the administration does not appear to be committing new funds. Instead,…

Read More