Chapter 1: What is the main topic discussed in this episode?
Here's your morning TNV Tech Minute for Tuesday, February 17th. I'm Julie Chang for The Wall Street Journal. Warner Bros. Discovery will restart deal talks with Paramount, setting the stage for a potential bidding war with Netflix. Last week, Paramount sweetened its nearly $78 billion all-cash hostile offer for all of Warner Discovery.
Warner said Paramount has indicated it would be willing to up its offer to $31 per Warner share from $30 if Warner would agree to engage in negotiations. Netflix has a $72 billion agreement to acquire Warner's movie and TV studios and HBO Max streaming service. It said in a statement that its offer remains superior but has granted a seven-day waiver for talks.
India's Adani Group plans to invest $100 billion to develop large-scale data centers powered with renewable energy by 2035.
Chapter 2: What deal talks are Warner Bros. and Paramount restarting?
It's the largest such commitment in the nation so far. The Indian conglomerate said today that the new initiative will build on partnerships with Google and Microsoft. and aim to expand its data center portfolio to 5 gigawatts.
Adani said its investment is expected to spur further spending across server manufacturing, electrical infrastructure, cloud platforms, and supporting industries over the next decade. And Infosys has agreed to partner with Anthropic to develop and deliver AI services to businesses in complex, regulated industries.
The collaboration will start in telecommunications and expand to financial services, manufacturing, and software development. Infosys said Anthropic's cloud models will be integrated to its AI offerings to help businesses automate workflows and speed up software delivery.
Anthropic's CEO said industry expertise is critical for AI models to operate in regulated sectors and that Infosys has that kind of expertise. And that's your TMB Tech Minute. Join us again this afternoon for more.