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Sun Valley 2023 – a conference which has been described as ‘summer camp for billionaires’ – includes Apple CEO Tim Cook among the invitees. Both Cook and Apple Services head Eddy Cue attended last year’s event.

With a heavy attendance from the media sector, one key focus is expected to be the future of streaming video, with some speculating that Netflix could be an acquisition target for at least one of the companies attending …

Background

Sun Valley, named after the Idaho town in which it takes place, is an opportunity for tech and media companies to privately discuss matters of mutual interest.

But the conference also has a reputation for giving birth to acquisitions. While discretion is the watchword of the event, a number of mergers and acquisitions are rumored to have been prompted by discussions between CEOs at the event. Deals linked to previous Sun Valley get-togethers include:

Amazon founder Jeff Bezos’ purchase of The Washington Post

Warner Media/Discovery merger

Amazon’s planned takeover of MGM

Disney’s acquisition of CapitalCities/ABC

Netflix a possible acquisition target

Deadline reports that this year, Netflix is believed to be a potential target.

For invitees Reed Hastings and Ted Sarandos, Netflix co-CEOs, the year since Allen & Co. 2023 has made a massive difference. It stock plunged 70% from the start of the year after shedding subscribers last quarter for the first time, announcing it would lose more in the just-ended June quarter and suddenly unveiling plans to launch an ad-supported service even as it lays off staff. As a result, Netflix is increasingly seen as a takeover target — an unusual shift.

An independent Netflix “is gone,” predicted one financier. It’s a very valuable platform but “not a growth story anymore.” Hastings and Sarandos “didn’t manage Street expectations” and in one fell swoop lost a couple hundred million dollars” of market cap, he said, referring to its latest post-earnings video call when the co-chiefs discussed the subscriber shortfall.

Over the next 18 months, “the environment will be clearer,” he said.

That’s also about when buyers could consider swooping in to acquire WBD. The structure of that deal would entail a hefty tax penalty for any acquirer within two years of close.

More generally, the future of the streaming video business is expected to be one of the key discussion topics at Sun Valley.

Tim Cook again invited

Apple CEO Tim Cook is again reported to be among those attending the conference.

Paramount’s non-executive chair and controlling shareholder Shari Redstone will be back. CEO Bob Bakish was invited but can’t make it. Fox CEO Lachlan Murdoch and COO John Nallen are confirmed. So is Sony Group Corp. CEO Ken Yoshida and Jim Ryan, head of PlayStation. Casey Wasserman and Mike Fries too.

Not all invitees necessarily attend. But Rupert Murdoch is a regular and Bob Chapek — a new three-year contract now in hand — was there last year. Invitees also include tech CEOs, among them Elon Musk, Apple’s Tim Cook, Meta’s Mark Zuckerberg, Amazon’s Andy Jassy and Alphabet’s Sundar Pichai.

9to5Mac’s Take on Sun Valley rumors

The combination of Cook’s attendance and Netflix being seen as an acquisition target will inevitably lead to speculation about Apple buying the streaming media giant. This would instantly make Apple TV+ the biggest name in the streaming video market.

So far, however, there has been little sign that Apple has any interest. The strategy of Apple TV+ has been quality over quantity, with the Cupertino company focusing on original content. It’s also a very low-margin business, which would be a surprising purchase for a company whose margins nudge close to 40%. Stranger things have happened, but any speculation is somewhat on the wilder side.

Photo (cropped): Thomas Hawk (CC BY-NC 2.0)

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Video: Tim Cook Talks Privacy, Steve Jobs And More In Stanford 2023 Commencement Address

Tim Cook addressed graduates of Stanford University yesterday. Notably, Apple co-founder and college dropout Steve Jobs delivered one of the best commencement addresses I’ve heard thus far fourteen years ago, also at Stanford.

Here are the key excerpts from Cook’s speech.

On privacy

If we accept as normal and unavoidable that everything in our lives can be aggregated, sold, or even leaked in the event of a hack, then we lose so much more than data.

We lose the freedom to be human.

Think about what’s at stake. Everything you write, everything you say, every topic of curiosity, every stray thought, every impulsive purchase, every moment of frustration or weakness, every gripe or complaint, every secret shared in confidence.

In a world without digital privacy, even if you have done nothing wrong other than think differently, you begin to censor yourself. Not entirely at first. Just a little, bit by bit. To risk less, to hope less, to imagine less, to dare less, to create less, to try less, to talk less, to think less. The chilling effect of digital surveillance is profound, and it touches everything.

What a small, unimaginative world we would end up with. Not entirely at first. Just a little, bit by bit. Ironically, it’s the kind of environment that would have stopped Silicon Valley before it had even gotten started.

We deserve better. You deserve better.

On being a builder

He encouraged students to be builders in their lives.

Whatever you do with your life, be a builder. You don’t have to start from scratch to build something monumental.

And, conversely, the best founders, ones whose creations last, and whose reputations grow rather than shrink with passing time, they spend most of their time building piece by piece. Builders are comfortable in the belief that one day their life’s work will be bigger than them. Bigger than any one person. They’re mindful that their effects will span generations. That’s not an accident, and in a way, it’s the whole point.

On Steve Jobs

Cook initially refused to believe that Steve was terminally ill.

When Steve got sick, I had hardwired my thinking to belief that he would get better. I not only thought he would hold on, I was convinced down to my core that he’d still be guiding Apple long after I myself was gone.

Then one day he called me over to his house and told me that it wasn’t going to be that way. Even then, I was convinced he would stay on as chairman. That he would step back from the day-to-day, but always be there as a sounding board. But there was no reason to believe that. I never should have thought it. The facts were all there. And when he has gone, truly gone, I learned the real visceral difference between preparation and readiness. It was the loneliest I’ve ever felt in my life by an order of magnitude.

It was one of those moments where you can be surrounded by people, yet you don’t really see, hear, feel them. But I could sense their expectations. When the dust settled, all I knew was that I was going to have to be the best version of myself that I could be. I knew that if you got out of bed every morning and set your watch by what other people expect or demand, it’d drive you crazy. So what was true then is true now. Don’t waste your time living someone else’s life. It takes too much mental effort; effort that should be dedicated to creating or building.

On life and death

Cook said he never felt lonelier in his life than after being named Apple’s CEO shortly before Jobs’s passing, saying “your mentors may leave you prepared, but they can’t leave you ready.”

Graduates, the fact is, when your time comes, and it will, you’ll never be ready. But you’re not supposed to be. Find the hope in the unexpected. Find the courage in the challenge. Find your vision on the solitary road.

Don’t get distracted.

There are too many people who want credit without responsibility Too many who show up for the ribbon cutting without building anything worth a damn. Be different. Leave something worthy. And always remember that you can’t take it with you.

You’re going to have to pass it on.

“Fourteen years ago, Steve stood on this stage and told your predecessors, ‘your time is limited, so don’t waste it living someone else’s life.’ Here’s my corollary: You mentors may leave you prepared, but they can’t leave you ready.”

Cook’s prior commencement addresses include Tulane University last month, his graduate alma mater Duke University last year, MIT in 2023, George Washington University in 2023 and his undergraduate alma mater Auburn University in 2010.

How do you like Cook’s latest speech?

How Will Be The Future Of Learning Language?

Since the beginning of time, learning languages has been a high-ranking scholarly pursuit. It enabled scholars to examine materials and sources in other languages. It opened up a whole new world for research and interpretation. It enhanced one’s overall worldview.

This is why there are so many books on different methods of learning a language. These language-learning techniques might be more important than ever in today’s hyperconnected world.

Although it was important to know a language, there has never been so much practical application. You can now download materials in your target language and access the section of the internet to get in touch easily with native speakers. Modern technology made all of this possible.

The possibilities are endless. This technology can be used to aid in learning a new language. Language-learning apps, translation apps, and online courses have made it possible to learn a new language much faster. With all these factors in mind here are some predictions about the future of language learning.

Improved Understanding of Learning and Learning Difficulties

Truth is, there has never been more data than today. A capable AI-backed algorithm can access countless examples from language learners of all proficiency levels. Any analysis drawn from this data is more pertinent and consequential.

There were a few methods that have been known for facilitating the learning of language. This can be greatly improved with the right technology.

It was difficult, for example, to speak to native speakers or to use the target language in situations where it was necessary. This is no longer the case with the widespread usage of the internet.

The second key to success in learning a language is having intrinsic motivation and goals. It was never easier to move, open an overseas company, or find a long-distance friend. Motivation is another important aspect.

It was also difficult to be exposed to different formats of language. You may have had your grammar book but it didn’t replicate a real-life situation.

Even if you recorded a few phrases spoken, they were clinically correct. There were no grammatical errors or odd pronunciations.

Although this sounds like a great thing, it didn’t prepare you for a real-world scenario. You can now diversify your learning experiences with the help of different materials, even YouTube videos in the target language.

Apple’S Tim Cook Explains That Fbi Request Is Like ‘Software Cancer’ In Interview

Apple’s Tim Cook explains that FBI request is like ‘software cancer’ in interview

A portion of the interview is Cook reiterating much of what he said in his open letter to the public just after the news of the FBI’s demand to build a backdoor into iOS came to light. But he moves on to explain the overall significance of the situation, and that if Apple does give in to the request, it will set a dangerous precedent that will “be bad for America,” in that private user data will become victim to the threat of something that “might be there.”

“The protection of people’s data is incredibly important and so the tradeoff here is that we know that doing this could expose people to incredible vulnerabilities. This is not something that we would create. This would be bad for America and it would also set a precedent that I believe many people in America would be offended by. And so when you think about those which are knowns, compared to something that might be there, I believe we are making the right choice.

Some things are hard, somethings are right. Some things are both. This is one of those things.”

The strongest message from Cook, however, is his statement that creating the tool the FBI wants, something that would allow access to the secured data on anyone’s phone, would be “the software equivalent of cancer.”

“The only way we know would be to write a piece of software that we view as sort of the software equivalent of cancer. We think it’s bad news to write. We would never write it. We have never written it.”

Another important point that Cook brings up is the slippery slope the FBI’s argument for gaining access to a device rests on. Right now they’re saying they only want access to this one iPhone (which, as it turns out, isn’t exactly true), but what about the next time?

“f a court can ask us to write this piece of software, think about what else they could ask us to write. Maybe it’s an operating system for surveillance. Maybe it’s the ability for law enforcement to turn on the camera. I mean, I don’t know where this stops. But I do know this is not what should be happening in this country. This is not what should be happening in America. If there should be a law that compels us to do it, it should be passed out in the open, and the people of America should get a voice in that. The right place for that debate to occur is in Congress.”

We’ve shared a handful of choice excerpts and quotes here, along with a small portion of the interview embedded below, but the full thing is important to watch, so head over to ABC’s site to check it out.

Cook: What they want is, they want us to develop a new operating system that takes out the security precautions. Including the precaution that, after 10 tries, if somebody has set “erase all data after 10,” they want that to not be in there. And then they want an ability to go through a number of passwords at the speed of a modern computer.Muir: A computer would do that to figure out the code…Cook: A computer would do that. We believe that is a very dangerous operating system.Muir: Because once people know that exists, you say, the cat is out of the bag.Cook: If one of the bad guys knew that that existed, think about the target that is. Everybody would want that system. Because you could get in… It has the potential to get into any iPhone. This is not something that should be created.

“No one would want a master key built that would turn hundreds of millions of locks. Even if that key were in the possession of the person that you trust the most, that key could be stolen. That is what this is about.”

SOURCE ABC News

How Augmented Reality Will Transform The Workplace Of The Future

Both augmented reality (AR) and virtual reality (VR) have the potential to fundamentally change our lives for the better. This change could be most prevalent in improving how we work and collaborate with others.

According to data from a survey conducted by Grid Raster, as many as 56% of businesses are already utilizing some form of AR or VR technology in the workplace. This figure is only likely to increase over time as the technology continues to mature.

“I don’t think there is any sector or industry that will be untouched by AR,” claimed Apple CEO Tim Cook, but how will this alter the workplace of the future?

With the potential use cases for augmented reality ranging from improving remote collaboration to bringing new levels of efficiency to core HR processes like the hiring and onboarding of new recruits, let’s take a deeper look at the ways in which AR can transform the workplace of tomorrow:

Reaching New Levels of Inclusivity

With more companies utilizing digital transformation to build hybrid workplaces, there’s ample room for technology to make remote work more collaborative and immersive. At present, video collaboration technology like Zoom or Google Meet struggle to deliver the level of collaboration that employees are used to. Only 19% of employees feel more present in meetings through video conferencing, and only 15% agreed that they lead to better levels of collaboration.

“Companies need to think about the immersive experiences that will support distributed teams and build culture and connection in a virtual environment,” explained Brynn Harrington, vice president of People Experience at Meta. “Interestingly, 69 per cent of workers and leaders say they would like meetings to be more immersive and engaging, and 55 per cent think it should be easier to join virtual meetings when they’re on the move.”

“We are building for the metaverse in a way that works across 2D and 3D surfaces; is interoperable across devices, from mobile and desktop to VR; and suits a range of user circumstances, such as working in the field or on the go,” Harrington added.

Augmented reality collaboration could mean that colleagues will be able to hold more immersive meetings in remote locations and utilize visualizations to better share complex insights into vital processes. AR could also be used for in-house meetings where participants can effectively illustrate their suggestions, points, and hypotheses.

Effective Data Management

For many companies, the matter of keeping client data safe and secure is essential in maintaining a healthy reputation. Augmented reality technology can transform how businesses can store and sort the data that they compile.

Rather than waiting for access to be granted for documents between team members, teams can access different forms of data via AR interfaces. With both augmented and virtual reality technology, firms can manipulate and access data in a more collaborative manner.

Not only can this pave the way for more effective real-time data management, but it can also help businesses to work more efficiently with time-sensitive data.

As we touched on earlier, augmented reality can also be a great means of making complex data more immersive. Through the use of repurposing infographic presentation templates, it could be possible through AR to share big data in a more engaging way for presentation participants.

Taking Employee Training to the Next Level

One of the most impactful areas that augmented reality can help to benefit the workplaces of tomorrow is through employee training and onboarding. It’s through the likes of AR and VR that businesses can deliver effective training programs to employees regardless of whether they attend the office every day or are based on the other side of the world.

In all, XR solutions can be a great asset in helping learners to retain information up to four-times faster than typical classroom settings, and this more in-depth approach to education can easily be implemented into working environments for a broad range of industries.

With platforms like ARuVR, an extended reality (XR) solutions provider focused on enabling enterprises to onboard students through a variety of reality technologies, the prospect of incorporating augmented reality into existing HR processes are likely to become commonplace sooner rather than later–the benefits of which will be well received across physical and remote working environments.

Although both AR and VR technology in the workplace is still in its fledgling phase, we’re starting to see them both evolve into the mainstream and begin to deliver on their promise to improve the future of work. These new technologies are likely to transform the workplace through more efficient measures and greater levels of personalization and collaboration for employees. It’s likely to be through the implementation of AR technologies that companies can truly deliver on digital transformation and hybrid working initiatives.

Tim Cook Delivers Tulane Commencement Address, Talks Climate Change And His Journey To Apple

As announced back in February, Tim Cook today delivered the commencement address for Tulane University at the Mercedes-Benz Superdome in New Orleans. During his speech, Cook told the story of his journey to Apple, talked about climate change, and encouraged the Tulane graduates to make a difference in the world

Prior to his speech, Cook was awarded an honorary degree from Tulane. The Apple CEO was praised for transforming “Apple into the archetype for success and innovation in the realm of technology.”

Cook opened his speech by calling on the Tulane graduates to be more open to others, and recognize the problems that others face:

Building on that, Cook elaborated on the story of how he originally came to Apple, invoking Steve Jobs’ commitment bringing powerful technology to more people. Cook explained that at the time, he had a stable job at Compaq, which seemed like “it would be on top forever.” Apple, on the other hand, was on the verge of bankruptcy:

“I had a comfortable job at a company called Compaq, that at the time looked like it was going to be on top forever. As it turns out, most of you are probably too young to remember its name. But in 1998, Steve Jobs convinced me to leave Compaq behind and join a company on the verge of bankruptcy. They made computers, but at that moment at least, people weren’t interested in buying them. Steve had a plan to change things. It wasn’t just about the iMac or the iPad, it was about the values that brought these inventions to life. The idea that putting powerful tools in the hands of everybody can move society forward.

We can build things that help us imagine a better world, then make it real. There’s a saying that if you do what you love, you’ll never work a day in your life. At Apple, I learned that that is a crock. you’ll work harder than you ever thought possible, but the tools will feel light in your hands.”

Cook then shifted the conversation to an issue that he has spoken about before: climate change. Cook said that in many ways, his generation was failed the graduates of Tulane. Cook noted that when it comes to climate change, it doesn’t get easier based on who wins an election. He also pointed out that “we don’t build monuments to trolls, and we’re not going to start now. ”

In some important ways, my generation failed you.

“We spent too much time debating, too focused on the fight and not enough on progress. You don’t need to look far to find an example of that failure. Here today, in this very place, in an arena where thousands once found desperate comfort from a hundred-year disaster, the kind that seems to be happening more and more frequently, I don’t think we can talk about who we are as people without talking about climate change. This problem doesn’t get easier based on who wins an election. It’s about who has one life’s lottery and has the luxury of ignoring this issue, and who stands to lose everything. The costal communities, including some right here in Louisiana, that are already making plans to leave behind the laces theyve called home for generations and head for higher ground. The fishermen whose nets come up chúng tôi wildlife rs

These are poeple’s homes, their livelihoods. The land where their grandparents were born, lived, and died. When we talk about climate change, I challenge you to look for those who have the most to lose and find the real, true emphathy that comes from something shared. That is really what we owe one another. When you do that, the political noise dies down and you can feel your feet planted on solid ground. We don’t build monuments to trolls and we’re not going to start now.”

Cook concluded his speech by encouraging the Tulane graduates to build a better world for future generations, and make a change and focus on the major problems facing society:

“Be motivated by your duty to build a better world. Young people have chagned the course of history time and time again. Now it’s time to change it once more. I know the urgency of that truth is with you today. Feel big, because no one can make you feel small. Feel brave because the challenges are great but you are great. Feel grateful, because someone sacrificed to make this moment possible for you. Here in this stadium, I can feel this courage. Try something. You may succeed, you may fail. Make it your life’s work to remake the world. There is nothing more beautiful than working to leave something better for humanity.”

Next on the docket for Cook is Stanford University’s graduation next month. Cook is set to deliver the commencement speech for Stanford on June 16th at Stanford Stadium. Cook’s speech at Tulane was live streamed on the university’s website and can be rewatched below.

— TicToc by Bloomberg (@tictoc) May 18, 2023

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