Trump’s Climate Change Agreement Withdrawal: How It Silenced the US in Global Negotiations

President Donald Trump’s controversial choice to withdraw the United States from key United Nations-affiliated organizations means the country risks losing its significant role in crucial global climate change discussions.

In a sweeping executive order issued on Wednesday, President Trump halted U.S. funding for 66 international bodies, including the United Nations Framework Convention on Climate Change (UNFCCC)—an agreement the U.S. joined in 1992—and the Intergovernmental Panel on Climate Change (IPCC), which releases the most authoritative climate reports globally.

According to a post by the White House, these organizations are deemed “no longer in the interest of the United States.”

This action underscores the Trump administration’s retreat from climate action, coinciding with escalating global warming effects, which are leading to more frequent and severe weather disasters across the U.S. Events like wildfires, floods, and hurricanes now inflict tens of billions in damages annually. By 2025, it’s projected that 23 extreme weather events will individually cause damages exceeding $1 billion, totaling approximately $115 billion, according to an analysis from Climate Central.

This withdrawal signifies the Trump administration’s rejection of climate diplomacy, further isolating the United States from the global community’s efforts to reduce warming and mitigate the most severe climate change impacts.

In January 2025, the U.S. is set to finalize its exit from the Paris Agreement, a pivotal accord signed in 2016, where 195 participating countries committed to limiting greenhouse gas emissions to prevent global temperatures from rising by more than 1.5 degrees Celsius (2.7 degrees Fahrenheit), with a maximum increase of 2 degrees Celsius.

The UNFCCC provided the foundational framework for the Paris Agreement, established in 1992 to identify and tackle the main contributors to greenhouse gas emissions. The treaty was signed by President George Bush after receiving Senate approval with a two-thirds majority vote.

Should the U.S. fully withdraw from the UNFCCC (a process estimated to take a year), it would mark the first instance in history of a country exiting such an agreement. This action could complicate future presidents’ ability to rejoin the Paris Agreement, as reentry requires new Senate approval with a two-thirds majority.

Extracting itself from the UNFCCC would render the United States the only nation without a presence at international climate discussions, as demonstrated by the White House’s decision to forgo an official delegation at the recent COP30 summit in Brazil.

Attendees arrive at COP30 in Belém, Brazil, November 7, 2025.
COP 30 Press Office/Anadolu/Getty Images

“Historically, even countries that remained passive at negotiations seldom walked away entirely, as it ensured their input was not disregarded,” stated Christy Ebi, a climate scientist from the University of Washington who has contributed to IPCC reports.

Ebi noted that while past U.S. administrations may have shown limited enthusiasm during discussions, they still tracked proceedings.

“Delegates would listen quietly from the sidelines, but now there’s a complete withdrawal,” she remarked.

The Trump administration has openly criticized the UNFCCC and similar organizations. In a statement, Secretary of State Marco Rubio referred to them as “anti-American and ineffective.”

The United States is set to officially exit the Paris Agreement on January 27, marking nearly a year since the administration initiated the withdrawal process.

However, questions persist about whether President Trump can withdraw from the UNFCCC without Congressional approval.

Gene Hsu, an attorney with the Center for Biological Diversity, argues the action is unlawful. “The Constitution clearly outlines the process for joining a treaty with a two-thirds Senate majority but is ambiguous regarding withdrawal,” Suh explained. “We are considering legal action due to the absence of legal precedence for a president unilaterally exiting a Senate-approved treaty.”

The UNFCCC is the global mediator for climate negotiations, organizing the Conference of the Parties (COP) annually to address emissions targets and funding for climate action. The previous year’s conference focused on deforestation challenges and impacts on the Amazon rainforest.

“Hosting such global discussions is akin to managing the Olympics; organizational support is essential,” Ebi said.

Following the U.S. withdrawal from the Paris Agreement, the UNFCCC encountered a budget crisis, prompting Bloomberg Philanthropies, led by former New York City Mayor Michael Bloomberg, to intervene financially to sustain operations.

Conversely, the IPCC serves as an independent organization that provides essential scientific data on climate change, its repercussions, and potential solutions. Reports produced by the IPCC enhance scientific perspectives on UNFCCC treaties and discussions.

In response, UNFCCC Executive Director Simon Steele asserted that Trump’s withdrawal would “diminish America’s security and prosperity.”

“Similar to the previous Paris Agreement, there remains an opportunity for the United States to re-engage in the future,” Steele remarked.

Throughout his inaugural year, President Trump has targeted climate change through substantial budget cuts, labeling it a “swindle.” His administration has worked to undercut key climate reports, such as the National Climate Assessment, while attempting to diminish the Environmental Protection Agency’s authority to regulate greenhouse gas emissions contributing to global warming.

Former Vice President Al Gore, a dedicated climate activist, commented on X that the Trump administration has “neglected the climate crisis from the outset,” putting Americans and global communities at risk while catering to oil industry interests.

“By withdrawing from the IPCC, UNFCCC, and other vital international collaborations, the Trump administration is undermining decades of carefully cultivated diplomacy, eroding climate science, and instilling global distrust,” Gore concluded.

Source: www.nbcnews.com

US-Russia Nuclear Deal Set to Expire in 2026: What’s Next Without a New Agreement?

Russia military parade showcasing weaponry

Russia Demonstrates Military Might at Parade

Mikhail Svetlov/Getty Images

By February 2026, the absence of any active treaty limiting the nuclear arsenals of the U.S. and Russia marks a significant turning point. While opinions on the effectiveness of the New START Treaty vary, there is a consensus that a successor treaty appears improbable.

The inception of nuclear weapons limitations began with the 1991 START I treaty, which laid the groundwork for inspections and reductions, leading to the New START agreement in 2011. In 2021, U.S. President Joe Biden and Russian President Vladimir Putin extended this treaty for an additional five years. However, discussions for alternatives have stalled since the February 5 deadline.

Tensions between the U.S. and Russia escalated dramatically following Russia’s full-scale invasion of Ukraine in 2022. Shortly thereafter, Russia excluded itself from weapons inspections, prompting U.S. retaliation. While both nations contemplate resuming nuclear testing, such discussions appear more performative than productive. The odds of a New START successor seem dimmer than ever.

Mark Bell, a professor at the University of Minnesota, indicates that the prospect of a new treaty that limits U.S. arsenals to match those of Russia is unappealing, given concerns about deterring both Russia and an increasingly assertive China. Although China has approximately 600 nuclear weapons, it is rapidly expanding its capabilities. Conversely, Russia may resist accepting any cap that allows it fewer nuclear arms than the U.S. Additionally, China is likely to oppose any deal that limits its growth toward parity with the U.S. and Russia. Bell describes these negotiations as complicated, making it a challenging starting point.

START I and New START are acknowledged as largely beneficial, providing a stabilizing effect on international relations. However, Bell expresses skepticism regarding their overall impact on global safety. “They may have saved some costs for both superpowers and fostered a collaborative forum, but I doubt they fundamentally altered the risk of war,” he notes.

Irrespective of the treaty status, the risk of nuclear conflict remains high, according to Bell. He argues that the concept of mutually assured destruction serves as a deterrent, emphasizing that it is the dire repercussions of nuclear warfare—rather than treaties—that may prevent hostilities. “This stabilizing effect derives from the inherent dangers and is a characteristic of nuclear deterrence,” he explains.

Yet, some experts voice deep concern over the end of the treaty. Steven Herzog, a scholar from the Middlebury Institute of International Studies and former arms control advisor, told New Scientist that the expiration of New START will heighten the risk of nuclear conflict.

“Lack of transparency in nuclear weapons development makes the international landscape less secure, fostering unchecked competition among leaders potentially reliant on nuclear arms,” Herzog cautions. “In an era where both Russia and the U.S. appear increasingly unpredictable, the absence of critical confidence-building measures raises alarming concerns about an arms race.”

Several treaties related to nuclear weapons remain in effect, including the Treaty on the Prohibition of Nuclear Weapons, which seeks to eliminate these armaments but lacks participation from nuclear-armed states. While some nuclear powers have signed the Treaty on the Non-Proliferation of Nuclear Weapons, it does little to restrict the actual number of weapons available. New START represented the only effective framework addressing nuclear power responsibilities.

Herzog asserts that if both Donald Trump and Vladimir Putin desired a similar agreement, a rapid consensus could be achievable. Previously, President Putin made a proposal that President Trump positively received regarding an unofficial extension. However, no formal negotiations are happening at present, and any potential agreement would likely only serve as a temporary fix.

Philip Bleek, a researcher at the Middlebury Institute, notes that persisting in negotiations could be valuable if additional time enables a new treaty’s creation. However, the long-term outlook for arms control appears grim. “A short-term extension could result in Russia feeling its participation isn’t necessary, reducing its willingness for future involvement,” advises Brig.

Negotiating treaties involves complex interactions among political figures, military branches, and intelligence communities, with potential for nabbing minor but critical strategic advantages. Herzog points out that the Trump administration has already diminished the number of essential personnel involved in inspections and negotiations.

“If we aim to pursue a new treaty seriously, our current staffing and resources may not be sufficient,” Herzog concludes.

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Source: www.newscientist.com

Meta Faces Potential Multi-Million Dollar Fine for Ignoring Content Agreement in Australia

Meta and various tech firms that decline to enter into content agreements with Australian news organizations could face hefty multimillion-dollar penalties, as Labor’s proposed media bargaining initiative aims to link fines to the local revenues of major platforms.

New regulations will apply to large social media and search platforms generating at least $250 million in Australian revenue, regardless of whether they distribute news content, as per recent disclosures from Assistant Treasurer Daniel Mulino.

Labor has shown a slow response in formulating a news bargaining incentive plan due to apprehensions about potential backlash from US President Donald Trump regarding his approach to US-based platforms.


Initially announced in December 2024, the implementation date remains uncertain, pending a month-long public consultation by the government.

These new regulations are intended to compel payments from platforms which have chosen to withdraw from the news media bargaining framework established during Prime Minister Morrison’s administration, a structure that has enabled publishers like Guardian Australia to secure around 30 agreements valued at an estimated $200 million to $250 million annually.

The decline in advertising revenue has significantly affected major media operators like News Corp and Nine and Seven West Media, leading to layoffs and cost reductions, while digital giants such as Google and Facebook’s parent companies continue to enjoy substantial profits.

Meta, which owns platforms like Facebook and Instagram, has declined to enter into new contracts under the existing terms, whereas Google has willingly renewed some contracts with publishers, albeit at lower payment rates.

Tech firms can bypass existing arrangements by entirely removing news content from their platforms, a move made by Meta in Canada in 2023.

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Labor’s new incentive initiative aims to assist news publishers in obtaining funding even from platforms that have opted out of the news bargaining system and to support smaller publishers that depend heavily on digital platforms for content distribution.

A new discussion paper outlines that if a tech platform refuses to engage in a content agreement, it will be required to pay either a portion of the gross revenue produced in Australia or just the revenue stemming from digital advertising. This penalty would be enforced at the group level and would not extend to smaller subsidiary brands owned by larger corporations.

The Treasury has indicated support for a $250 million annual income threshold for this new framework and suggested that the government use the total group income generated in Australia as the primary benchmark for payments.

Preliminary analyses estimate the worth of existing agreements with publishers is approximately equivalent to 1.5% of the revenue generated by relevant platforms in Australia. The new fines could reach 2.25% of revenue to facilitate trading under existing laws. According to the proposed structure of the new incentives, a portion of eligible expenses might be utilized to decrease penalty amounts.

Companies will need to self-evaluate their liabilities under these regulations, but the legislation will depend on a broad definition of social media and search.

Despite not having a registered business account in Australia, Facebook’s Australian subsidiary announced in April that it generated $1.46 billion in revenue for the year ending December 31, an increase from $1.34 billion the previous year, despite declining advertising markets.

President Trump has previously threatened to impose significant trade tariffs on countries perceived to treat American firms unfairly. His former confidant and billionaire advisor, Elon Musk, is the owner of Platform X.

Nonetheless, Labor is proceeding with the introduction of new penalties following Anthony Albanese’s productive meeting at the White House last month.

Former chairman of the competition watchdog, Rod Sims, has expressed support for Labor’s proposed penalty system, stating that Google and Facebook are profiting from content created by Australian news organizations and that failing to bolster journalism would enable lower-quality sources to flourish.

Sims had previously estimated that commercial contracts established under these terms amounted to $1 billion over a four-year period.

The government will continue consultations regarding the incentive plan until December 19, after which it will finalize its strategy in 2026.




Source: www.theguardian.com

Matthew McConaughey and Michael Caine Secure Voice Agreement with AI Firm

Academy Award-winning actors Matthew McConaughey and Michael Caine have entered into an agreement with AI audio firm Eleven Labs.

The New York-based company is now authorized to produce AI-generated voice replicas as part of its initiative to tackle “significant ethical challenges” in the intersection of artificial intelligence and Hollywood.


McConaughey, who has also invested in the company and collaborated with them since 2022, will allow Eleven Labs to produce a Spanish audio version of his newsletter “Lyrics of Livin'” using his voice.

In a statement, the Dallas Buyers Club star expressed his admiration for Eleven Labs and hoped this collaboration would enable him to “reach and connect with an even broader audience.”

Eleven Labs is launching the Iconic Voices Marketplace, allowing brands to collaborate and utilize officially licensed celebrity voices for AI-generated applications. Caine’s new agreement includes his iconic voice in this lineup.

“For years, I have lent my voice to stories that inspire people—tales of bravery, ingenuity, and the human experience,” Caine stated. “Now, I am helping others to discover their voice. With Eleven Labs, I can save and share everyone’s voice, not just mine.”

He further mentioned that the company “leverages innovation to celebrate humanity, not to replace it,” asserting that it “does not replace voices, it amplifies them.”


Caine has also revealed plans to return from retirement to co-star with Vin Diesel in The Last Witch Hunter 2.

Other voices featured in the marketplace include legendary Hollywood figures like John Wayne, Rock Hudson, and Judy Garland, alongside contemporary stars such as Liza Minnelli and Art Garfunkel. The list also encompasses notable figures like Amelia Earhart, Babe Ruth, J. Robert Oppenheimer, Maya Angelou, and Alan Turing.

Recently, Eleven Labs was valued at approximately $6.6 billion.

This news follows a series of celebrity and AI partnership agreements, including various celebrities who have consented to allow Meta to utilize their voices. Last year, the company released a list that featured Judi Dench, John Cena, and Kristen Bell.

Other stars, including Ashton Kutcher and Leonardo DiCaprio, have also made investments in AI enterprises.

Source: www.theguardian.com

OpenAI Enters $38 Billion Cloud Computing Agreement with Amazon

OpenAI has secured a $38 billion (£29 billion) agreement to leverage Amazon’s infrastructure for its artificial intelligence offerings, part of a broader initiative exceeding $1 trillion in investments in computing resources.

This partnership with Amazon Web Services provides OpenAI with immediate access to AWS data centers and the Nvidia chips utilized within them.

Last week, OpenAI CEO Sam Altman stated that the company is committed to an investment of $1.4 trillion in AI infrastructure, highlighting concerns over the sustainability of the expanding data center ecosystem, which serves as the backbone of AI applications such as ChatGPT.

“To scale frontier AI, we need large-scale, dependable computing,” Altman remarked on Monday. “Our collaboration with AWS enhances the computing ecosystem that fuels this new era and makes sophisticated AI accessible to all.”

OpenAI indicated that this deal will provide access to hundreds of thousands of Nvidia graphics processors for training and deploying its AI models. Amazon plans to incorporate these chips into its data centers to enhance ChatGPT’s performance and develop OpenAI’s upcoming models.

AWS CEO Matt Garman reaffirmed that OpenAI is continuously pushing technological boundaries, with Amazon’s infrastructure forming the foundation of these ambitions.

OpenAI aims to develop 30 gigawatts of computing capacity, enough to supply power to approximately 25 million homes in the U.S.

Recently, OpenAI declared its transformation into a for-profit entity as part of a restructuring effort that values the startup at $500 billion. Microsoft, a long-time supporter, will hold roughly 27% of the new commercial organization.

The race for computing resources among AI firms has sparked worries among market analysts regarding financing methods. The Financial Times reported that OpenAI’s annual revenue is approximately $13 billion, a figure starkly contrasted by its $1.4 trillion infrastructure expenditures. Other data center deals OpenAI has entered include a massive $300 billion agreement with Oracle.

During a podcast with Microsoft CEO Satya Nadella, Altman addressed concerns regarding spending, stating “enough is enough” when prompted by host Brad Gerstner about the disparity between OpenAI’s revenue and its infrastructure costs.

Altman claimed that OpenAI generates revenue “well above” the reported $13 billion but did not disclose specific figures. He added: “Enough is enough…I believe there are many who wish to invest in OpenAI shares.”

Analysts at Morgan Stanley have forecast that global data center investment will approach $3 trillion from now until 2028, with half of this spending expected to come from major U.S. tech firms, while the remainder will be sourced from private credit and other avenues. The private credit market is an expanding segment of the shadow banking industry, raising concerns for regulators such as the Bank of England.

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Source: www.theguardian.com

US and China Reach “Final Agreement” on TikTok Sale, Says Treasury Secretary

US Treasury Secretary Scott Bessent announced on Sunday that the details regarding the transfer of TikTok’s US operations to a new owner have been finalized between the US and China.

“We have reached a conclusive agreement regarding TikTok,” Bessent stated. said, during an appearance with Margaret Brennan on CBS’s Face the Nation. He referred to Donald Trump and China’s Xi Jinping, mentioning: “With discussions scheduled for Thursday in South Korea, the two leaders will convene in Madrid, and we believe all details have been finalized, which will complete the agreement.”

While Bessent did not share specifics of the transaction, he noted it is part of a larger trade deal framework that both nations will discuss when President Trump and President Xi Jinping meet in the coming days.

Bessent’s remarks followed President Trump’s signing of a presidential order on September 25th, which allowed for a new ownership agreement in the US involving a majority of US investors.

“I am not involved in the commercial details of this transaction,” Bessent remarked. “My focus was to secure approval from the Chinese side for the transaction, which I believe we have effectively achieved over the past two days.”


Barron Trump, President Trump’s 19-year-old son, proposed that the president nominate former social media producer Jack Advent as a director. President Trump has indicated that the new US investors include prominent conservative media figures like Rupert Murdoch and Larry Ellison.

During his first presidential term, Trump threatened to ban TikTok in 2020 in retaliation for China’s handling of the coronavirus pandemic.

Congress enacted a ban on the app during Trump’s administration, which was signed into law by Joe Biden in April 2024. The agreement was set to take effect on January 20, 2025, but was extended four times by Trump while his administration negotiated the ownership transfer.

The estimated value of this contract is $14 billion, with US and international investors expected to hold about 65% of the company’s shares, while ByteDance and Chinese investors will maintain less than 20%.

Trump’s Executive Order grants new investors, including six of the seven board seats, oversight of the app’s algorithms.

Trump arrived in Malaysia on Sunday to participate in the Association of Southeast Asian Nations summit as part of a five-day tour of the region, and a direct meeting between Trump and Xi is planned for Thursday.

The two leaders are expected to discuss U.S. agricultural exports, the trade balance, and issues related to the fentanyl crisis, which were cited as reasons for Trump’s 20% tariffs on Chinese imports.

Source: www.theguardian.com

Abu Dhabi Royal Family Places Their Bets on Us with Trump Agreement

The Abu Dhabi royal family plans to invest in TikTok’s US operations following Donald Trump’s signing of an executive order facilitating a deal valued at $14 billion (£10.5 billion).

MGX, a fund led by Sheikh Tahnoon Bin Zayed Al Nahyan, is set to acquire a 15% stake and representation on the board once TikTok US is spun out.

Late Thursday night, the US president signed an executive order that sanctioned the agreement and provided a 120-day period to finalize the details.

Larry Ellison’s Oracle, Private Equity Group Silver Lake, and Abu Dhabi’s MGX will together hold approximately 45% of TikTok’s shares. Overall, American firms are anticipated to control around 65% of the company, with Trump also mentioning tech moguls Michael Dell and Rupert Murdoch as participating investors.

According to Trump, “[TikTok US] will primarily be owned and governed by Americans, removing control from foreign adversaries. Notably, Larry Ellison, a major investor, will ensure that it operates seamlessly within the US.”

ByteDance, TikTok’s Chinese parent company, retains a 19.9% stake in the US operations.

While China has not publicly commented on the approval of the agreement, Trump stated he had a “productive conversation” with Chinese President Xi Jinping, who “seemed positive about the situation.”

US Vice President JD Vance confirmed that the TikTok deal is valued at $14 billion, noting some resistance from the Chinese side. “Our primary goal was to continue TikTok’s operations while safeguarding American data privacy in compliance with the law,” Vance remarked.

He further stated, “This agreement ensures that Americans can engage with TikTok, but with greater confidence than before, as their data will be secure and won’t be weaponized against them.”

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The $14 billion valuation of TikTok’s US operations is significantly lower than its total valuation; which is estimated at around $330 billion. In comparison, Meta, the parent company of Facebook and Instagram, is valued at $1.8 trillion.

The future of TikTok in America has been uncertain since last April when Congress enacted legislation mandating a sale due to privacy and national security issues. Trump has consistently extended the deadline for concluding a sale or considering TikTok’s closure while attempting to facilitate the transaction.

Source: www.theguardian.com

Trump Approves UAE Agreement for Construction of Largest AI Campus Outside the U.S.

The United Arab Emirates and the United States have formalized a Gulf State agreement to establish the largest artificial intelligence campus outside of the U.S., a key development during Donald Trump’s Middle East visit that included multiple AI-related deals.

Nevertheless, the agreement has sparked concerns due to previous administration restrictions based on fears that China could gain access to important technologies.

The deal to construct the campus will enable the UAE to enhance access to state-of-the-art AI chips. While the U.S. and UAE did not specify which AI chips would be featured in the data center, sources informed Reuters of a potential allowance for the UAE to import 500,000 of Nvidia’s most advanced AI chips annually starting in 2025.

Nvidia’s CEO, Jensen Huang, was seen on television talking with Donald Trump and UAE President Sheikh Mohamed bin Zayed Al Nahyan at the Abu Dhabi palace on Thursday.

This agreement marks a significant win for the UAE, as it navigates its long-standing relationships with allies while also engaging with China, its largest trading partner. The Gulf nation is investing billions to establish itself as a leader in AI. However, its ties with China have previously limited access to U.S. chips under the former Biden administration.

This transaction illustrates the Trump administration’s belief in its ability to securely regulate chip management by mandating that U.S. companies oversee their data centers.

While the U.S. has led in AI technology and innovation, China has recently become a formidable competitor. Despite Trump’s optimism, there are concerns that significant agreements with Gulf countries could diminish U.S. control over this rapidly growing technology, coupled with fears that China might leverage these data centers for its own advantages.

Leading CEOs from AI and semiconductor firms, including OpenAI’s Sam Altman and Nvidia’s Huang, seem supportive of such transactions, as they present opportunities to showcase their products on a global scale and derive substantial benefits.

According to the White House, the AI contract encompasses investment, construction, and funding in U.S. data centers that match the scale of those in the UAE.

“The agreement also commits the UAE to align its national security regulations more closely with those of the United States.

The focal point of the announced contract is a 10-square-mile (25.9 square kilometers) AI campus in Abu Dhabi, boasting a capacity of 5 gigawatts for AI data processing.

The campus will be developed by G42, a company backed by Abu Dhabi, but U.S. Secretary of Commerce Howard Lutnick stated that “U.S. companies will manage data centers and supply American-managed cloud services throughout the region.”

In a U.S. fact sheet, Qualcomm, a chip manufacturer involved in AI engineering centers, noted that Amazon Web Services, the cloud division of the technology and commerce firm, will collaborate with local partners to enhance cybersecurity and cloud integration.

Historically, the U.S. pursued protective measures to limit China’s access to advanced semiconductors.

Regulations are being relaxed under Trump, and AI Czar David Sacks informed Riyadh on Tuesday that the Biden administration’s export controls “are not intended to include friends, allies, or strategic partners.”

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Granting the UAE access to cutting-edge chips made by companies like Nvidia signifies a substantial change.

“This transition will enable the UAE to strengthen its technological partnership with the U.S. while sustaining trade relations with China,” said Mohamed Soliman, a senior fellow at the Middle East Institute.

“It doesn’t imply a severance from China; rather, it reflects a reorientation of our technology strategy to adhere to U.S. standards and protocols, especially in key areas like computing, cloud computing, and semiconductor supply chains,” he stated.

AI was a key topic when Bin Zayed Al Nahyan visited Washington on the last day of Biden’s administration.

G42 and MGX, the state-affiliated entities spearheading the UAE’s AI investment initiative, have also invested in U.S. firms such as OpenAI and Elon Musk’s Xai, while Microsoft committed $1.5 billion to G42 last year.

The companies indicated that the agreement was bolstered by security guarantees, and under U.S. influence, G42 has started dismantling previous Chinese hardware and divesting from Chinese investments.

Nonetheless, Chinese firms like Huawei and Alibaba Cloud continue to operate in the UAE, and the flow of AI chips to China has been monitored by various nations, including Malaysia, Singapore, and the UAE, according to sources who spoke with Reuters in February.

Source: www.theguardian.com

New agreement mandates vessels to lower emissions or face penalties

Amidst the chaos over global trade, countries around the world have reached a modest, yet surprising, modest agreement to reduce the climate pollution that arises from shipping goods from around the world.

It reached in London under the auspices of the United Nations Agency, the United Nations maritime organisation, so all ships passing goods across the ocean must either reduce greenhouse gas emissions or pay a fee.

The target is not what many people wanted. Still, it is the first time that global industries have faced the prices of climate pollution, no matter where they operate. Revenues are primarily used to help the industry clean up the fuel. Some of them can also go to developing countries, which are most vulnerable to climate risks. The agreement comes into effect in 2028 and approval by the country’s representative will be withheld at the next agency meeting in October.

Given the widespread support for Friday’s term, the organisation head has expressed his desire to be hired in October.

This contract was even more remarkable in international cooperation, as it reached even after the US. I was drawn from the lecture At the beginning of the week. No other countries followed.

“The United States is one country, and one country cannot derail the entire process,” said Faig Abbasov, Maritime Director of Transport and Environment, a European advocacy group that promoted the cleaning of the maritime industry. The contract is “the first binding decision that forces transport companies to be decarbonized and switched to alternative fuels.”

The contract applies to all ships, regardless of who’s flag, including ships registered in the United States. It remained unclear how Washington would respond to the fee agreement or how it would respond.

State Department officials only said the United States had not participated in the negotiations.

Ships run primarily on heavy fuel oil, sometimes called bunker fuel, and more than 80% of the world’s goods travel by ship. The industry accounts for around 3% of global greenhouse emissions, comparable to aviation emissions.

The agreement reached on Friday is far less ambitious than originally proposed by a group of island nations who proposed a universal assessment of emissions.

After two years of negotiation, the proposal sets up a complex two-tier fee system. Sets the carbon strength target. This is like a clean fuel standard for cars and trucks. Ships using traditional transport oil will have to pay a higher fee (producing $380 equivalent to metric tons of carbon dioxide), while vessels using less carbon-intensive fuel mix will have to pay a lower fee ($100 for all metric tons above the fuel standard threshold).

The organization estimates it will raise between $11 billion and $13 billion a year.

“That’s a positive outcome,” said Arsenio Dominguez, executive director of the organization. “This is a long journey. This doesn’t happen overnight. There’s a lot of concern, especially from developing countries.”

Thresholds become more severe over time. The industry can switch to biofuels to meet the standards. That is a controversial approach because biofuels are made from crops and growing more crops to make fuel can contribute to deforestation.

The new transport fuel standards aim to promote the development of alternative fuels that include hydrogen.

There have been objections from many quarters. Developing countries with maritime fleets said they would be unfairly punished because they have an old fleet. Countries like Saudi Arabia, which ships large quantities of oil, and China, which exports everything from plastic to electric cars around the world, have balked suggestions to set higher prices, according to people familiar with negotiations.

“They have given up on the proposal of a reliable source of income for us who are desperately needing finances to help with the impact on the climate,” said Ralf Lebenbanu, Minister of Climate in Vanuatu in a statement after the vote.

Eventually, countries that voted in favor of the compromise agreement included China and the European Union. Saudi Arabia and Russia voted against it.

The United States has withdrawn from consultations entirely.

The global shipping industry agreed in 2023 to eliminate greenhouse gas emissions by around 2050. Last year, we tracked that commitment with a more concrete plan and took the first step towards establishing carbon prices across the industry.

The forecasts from the International Shipping Office, an industry group, found that prices have negligible effects. “We recognize that this may not be the agreement every section of the industry wanted, and we are concerned that this may not be far enough ahead of itself in providing the certainty that is needed.” “But that’s a framework we can build.”

Claire Brown Reports of contributions.

Source: www.nytimes.com

Italian Immigration Agreement critic claims he was targeted by Israeli spyware, via Whatsapp

An Italian vocal critic has been warned by WhatsApp about targeting military-grade spyware last week, raising concerns about potential use by a strong European government. A Libyan activist in Sweden, proposed Sweden, was also warned.

WhatsApp discovered that Husam El Gomati’s mobile phone, along with the phones of 89 other activists, journalists, and civil society members, were compromised in late December.

The messaging app, owned by Meta in California, stated that El Gomati and others may have been “compromised” by spyware created by Paragon Solutions, an Israeli-based company recently acquired by a US private equity firm.

Paragon declined to comment, but sources close to the company revealed that they had around 35 government customers, described as democratic governments.

Regarding El Gomati, Facebook shared a document from Libya linking him to a network involving Tripoli, Zawia, and the Italian Intelligence leader, connected to an illegal migration route and detention center, which was promptly discovered.

Criticism has been voiced for a long time about Italy supporting Libya’s coastal guards and militias to prevent people from crossing the Mediterranean, causing chaos among some activists.

El Gomati expressed concerns about protecting Libya’s confidential sources of information, highlighting the implications of Paragon’s spyware, called Graphite, which can intercept encrypted messages on apps like Signal and WhatsApp.

He emphasized the importance of safeguarding information as activists in Libya expose corruption and class control, stating that such issues can be a matter of life and death.

El Gomati mentioned the intrusive nature of spyware, particularly its ability to eavesdrop on conversations and access personal photos, raising significant privacy concerns.

Paragon, like other military-grade spyware manufacturers, was founded by former Israeli Prime Minister Ehud Barak, primarily selling spyware to government clients for targeting purposes. They reportedly secured a contract with the US Immigration Agency under the Biden administration, subject to review due to concerns about compliance with new regulations on spyware use.

El Gomati contacted The Guardian following a story about Italian investigative journalist Francesco Cancelleri, the Editor-in-Chief of a news outlet known as Fan Page.

While it’s unclear which government may have targeted El Gomati and Cancelleri, WhatsApp notified individuals in over 20 countries, including Europe, about potential surveillance.

There are ongoing concerns regarding the release of Osama Nazim, also known as Al-Ramli, the former chief of Libya’s judicial police, accused of war crimes and other offenses. The International Criminal Court has questioned Libya’s handling of his release and return without consultation.

Source: www.theguardian.com

After US Withdraws from Paris Agreement, What Comes Next for Global Climate Action?

Donald Trump holds executive order announcing the US withdrawal from the Paris Agreement

Jim Watson/AFP/Getty Images

On January 20, a crowd at a stadium in Washington, D.C., erupted in cheers as U.S. President Donald Trump signed an order pulling the United States out of the Paris climate accord on stage. of order He said the move was to prioritize “America first.” But environmental groups condemned the decision, saying that withdrawing the world's second-largest greenhouse gas emitter from the agreement would simultaneously cede U.S. influence in international negotiations to rival clean energy giant China. , argued that it would make climate change even worse.

“This is an issue where the United States and the Trump administration are shooting themselves in the foot,” he says. David Waskow at the World Resources Institute, a global environmental nonprofit organization. “That would be ignoring the United States.”

This is the second time President Trump has withdrawn the United States from the Paris Agreement. The Paris Agreement is a landmark agreement reached in 2015 to limit global warming to less than 2 degrees Celsius above pre-industrial averages. It took three years for the initial withdrawal in 2017 to be formalized under UN treaty provisions, and the US only left for a few months before former President Joe Biden rejoined the country in 2021.

The deal now requires a year for withdrawal to be formally recognized, at which point the U.S. will be the only major economy not part of the deal. Other countries that have not signed are Libya, Yemen and Iran.

“This is definitely not good news for international climate action,” he says. Li Shuo At the Asian Social Policy Institute in Washington, DC. Unlike the United States' first withdrawal, this second withdrawal came at a time when the country's ambitious emissions reduction ambitions were already facing geopolitical, social, and economic obstacles. he says. Last year saw record levels of global emissions, while average global temperatures rose above 1.5°C for the first time.

A U.S. withdrawal would leave the country with no leverage to drive further emissions cuts, potentially creating an excuse for countries around the world to scale back efforts to tackle climate change. “The momentum of climate change around the world was declining even before President Trump was elected,” Lee said.

But Waskow said the U.S. withdrawal does not mean “the bottom has dropped” in global climate action. Countries responsible for more than 90 percent of global emissions are still committed to the Paris Agreement. Wind and solar energy, electric vehicles, batteries and other clean technologies also play a much bigger role in the global economy now than they did when the U.S. first left, he said.

“The rest of the world is also transitioning to clean energy,” he says. Manish Bapna at the Natural Resources Defense Council, a U.S. environmental advocacy group. “This doesn't stop that transition, it slows it down.” But it raises questions about what role the U.S. will play in shaping that future, he says.

Looming is China, which controls many of the key clean energy industries, from solar panels to batteries, and is increasingly exporting its technology to the rest of the world. “The United States would not only be ceding influence over how those markets are formed, but also the duration of those markets,” Waskow said. “I don't think other countries think of the United States first when they think about who they should engage with.”

The global retreat from climate action also comes as the new Trump administration moved quickly to reverse, abandon, or block the policies of its predecessor in a flurry of executive orders issued on its first day in office. These include banning federal permits for wind energy and reversing policies introduced by Mr. Biden to promote electric vehicles. Other plans aim to expand fossil fuel development on federal lands, coastal waters and Alaska and increase natural gas exports to settle further orders. I declare It's a “national energy emergency.” “We train, baby, we train,” he said in his inaugural address.

topic:

Source: www.newscientist.com

President Trump plans to pull the US out of the Paris Agreement on climate change


President Donald Trump has signed an executive order to withdraw the United States from the Paris climate change agreement as one of his first acts in office.

The Paris Agreement, signed in 2016, requires participating countries to reduce greenhouse gas emissions annually to prevent global temperatures from rising more than 1.5 degrees Celsius above pre-industrial levels. The United States, along with other countries, has also pledged billions of dollars to assist developing nations with climate adaptation and mitigation.

The White House stated, “In recent years, the United States has entered into international agreements that do not align with our values or economic and environmental goals. These agreements direct American taxpayer dollars to countries that do not need or deserve financial assistance, to the detriment of the American people.”

The executive order mandates U.S. Ambassador to the UN to provide written notification of withdrawal, with immediate effect.

The United States will join Libya, Yemen, and Iran as countries not part of the Paris Agreement, impacting global climate action efforts.

Climate change groups have strongly criticized the decision, calling it a setback to efforts to combat climate change and protect the environment.

The world continues to see unprecedented levels of carbon dioxide emissions, leading to rising global temperatures and more extreme weather events.

As the largest historical emitter, the United States has a significant role to play in leading global efforts to reduce emissions and combat climate change.

Despite the withdrawal, experts emphasize the importance of ongoing efforts to meet the goals set by the Paris Agreement and address the challenges posed by climate change.

President Trump’s administration has reversed several climate initiatives put in place by the previous administration, aiming to prioritize energy production and economic growth over environmental concerns.

President Trump has also declared a national energy emergency, urging federal agencies to roll back “harmful” climate policies that impact food and fuel costs.

Source: www.nbcnews.com

Uber and Lyft reach agreement to increase driver pay: a victory for major tech corporations

When the Minneapolis City Council announced agreements with Uber and Lyft last month to increase wages and enhance working conditions for drivers, who emerged as the winner?

On May 20, the city council revealed a compromise with ride-hailing companies: Uber and Lyft would adhere to an inflation-linked minimum wage aligning with Minnesota’s $15 hourly minimum wage post expenses. Although some lawmakers touted this as a 20% pay surge for drivers, the agreed rate was lower, surpassing nearly all proposals from the previous two years amidst a contentious battle involving Uber, Lyft, drivers, and lawmakers.

Key elements of the deal include the allowance for drivers to contest firings due to opaque algorithms, funding for a non-profit driver center for driver rights education, and a raised insurance coverage requirement to $1 million for ride-hailing drivers to address post-trip medical expenses and lost wages following an assault or accident.

However, since the deal remains a vital component of digital ride-hailing services, Uber and Lyft can sustain operations and potentially reverse the compromise in the future.


Over the course of two years, ride-hailing driver groups engaged in protests, advocacy efforts, and negotiations with Uber as the companies threatened capital strikes and announced withdrawal from the state multiple times due to the bill, causing political strife for both entities.

By resorting to capital strikes, these companies narrow the scope of our political discourse while bolstering their own influence. The digital ride-hailing model perpetuates worsened working conditions for drivers through misclassification and algorithmic control, and the Minneapolis deal fails to address data transparency, constituting a significant setback according to expert Veena Duvall from the University of California, Irvine.

While the deal provides instant benefits for drivers by averting Uber and Lyft’s potential exit from the state, it falls short of addressing fundamental structural challenges within the on-demand labor model.

The on-demand labor model relies on maintaining an asymmetric power balance between companies, passengers, drivers, and cities, sidestepping issues of misclassification, data extraction, and algorithmic control.

Uber and Lyft exhibit adeptness in reducing arguments to superficial levels, deterring meaningful change and reform within the industry. Despite the evident need for intervention to improve drivers’ conditions, the omnipresent influence and evasion of billions in taxes by such companies underscore the challenge of enacting lasting reform.

Ultimately, the digital ride-hailing model remains fundamentally flawed, necessitating a comprehensive reevaluation of its impact on urban transport, working conditions, and financial practices, urging a departure from the prevailing exploitative dynamics in favor of sustainable alternatives.

Source: www.theguardian.com

Member states do not provide enough support for EU interim agreement on gig worker rights

The Christmas present for the EU’s precarious gig workers can’t come soon enough: a political agreement announced in the middle of this month aims to strengthen the rights of platform workers across the European Union by establishing a legal presumption of employment. However, it does not have the support of the necessary qualified majority among the people. Dear Member States, that is clear today.

A quick update to the European Council online press release had promoted previous political dealings on file, the agency wrote.[O]On December 22, 2023, the Spanish Presidency concluded that it was not possible to reach the necessary majority for a provisional agreement among the representatives of the Member States (Coreper). The Belgian Presidency will resume negotiations with the European Parliament to reach an agreement on the final form of the directive. “

This development was previously covered bloomberg and Euractic — reported that the deal failed to secure a qualified majority at core par on Friday.

Euractic cited information that the Baltic states, the Czech Republic, France, Hungary and Italy had “formally said no to the deal they believe in”, adding: “As it became clear that a majority would not be reached, the document There was not even a formal vote taken.” It was too far removed from the board’s directives. “

France has been cited as being at the forefront of resistance to the deal announced mid-month by exhausted parliamentary negotiators, with parliamentary co-representatives also on file. Blaming French President Emmanuel Macron for opposition to deal Early this month.

Depending on the changes requested by the blocking Member States, the file could be forced back into the EU’s tripartite legislative negotiation process known as the Trilogue, where the European Parliament, Council and Commission The co-legislators will have to try again. To find a compromise that they can all agree on.

However, with European elections looming, there will be the added complication of tight deadlines if the Estates-General has to reconvene in January.

Unless a way can be found to move this file forward in the coming months, gig worker labor reform will be at the mercy of reconfigured political priorities under the new European Commission and Parliament. It is likely that the current system will lean even further to the right.

In a thread posted on He then announced on December 13 that an agreement had been reached on the platform worker file, and he blamed the Conservative and Liberal governments for blocking the reforms.

“The Spanish Council Presidency has reached an agreement with the support of all political groups in the country. [the European] Parliament other than the far right,” he also wrote [translated from Spanish using AI]. “This directive is inspired by the directive known as the Lidar Law, which came into force in Spain on August 12, 2021.”

“This pioneering regulation at international level, which positions the EU as a leader in a just digital transition, must continue to be discussed in the next Belgian Presidency, based on the agreement reached by the Spanish Presidency and the European Parliament.” he said. Added. “Spain and the Ministry of Labor and Social Economy will continue to defend an ambitious directive that truly improves the situation of workers on digital platforms.”

Congressional negotiators said at a press conference earlier this month to announce a tentative agreement on the file that estimates of the employment relationship between gig workers and platforms are among a list of five “indicators of control or direction.” He said it will be triggered if two of these conditions are met. However, he declined to provide details on what these standards would be.

Opposition to the deal is likely to focus on this element of the reform, with reports suggesting that bloc member states are seeking to raise the threshold before employment estimates begin.

Asked about this, a council spokesperson told TechCrunch: “We acknowledge that the disagreement centers on the issue of legal presumption.”

The council’s position is that came back in june, At least three of the seven criteria set out in the Directive had to be met for the employment presumption to be triggered. An interim agreement (now unsuccessful) had lowered the threshold to two out of five levels. However, the agreement announced earlier this month also allowed member states to expand the list of criteria, so disabled people are likely to only have two criteria to trigger employment presumptions instead of three. .

Lawmakers who touted the deal earlier this month called it “historic” and “ambitious” and said it “shifts the burden of proof” and burdens on precarious gig workers. It suggested that this would prevent them from being “incorrectly considered to be self-employed”. Prove on the platform that the employee is truly self-employed.

Source: techcrunch.com

Clearlake and Insight announce $4.4 billion agreement to privatize software company Alteryx

Alterix is an Irvine, California-based software company that develops data science and analytics products. announced Private equity firms Clearlake Capital Group and Insight Partners announced that they have agreed to acquire the company in a deal valued at $4.4 billion.

Clearlake and Insight reportedly beat out another private equity firm, Symphony Technology Group. report I’ve been fighting for Alteryx for a few days now.

Clear Lake and Insight’s deal also includes debt, valuing Alterix’s equity at about $3.46 billion. report Reuters – A 29.1% premium to the company’s closing price on Friday. It is expected to close in the first half of 2024, subject to customary closing conditions and approvals.

The direct impact on Alteryx’s approximately 2,900 employees is not clear.

“In addition to providing significant and solid cash value to our shareholders, this transaction provides increased working capital and industry expertise; “It gives us the flexibility of being a private company.” “Over the past several years, we have executed a comprehensive transformation strategy to strengthen our go-to-market capabilities and establish a strong cloud and AI innovation roadmap. We are excited to partner with Clearlake and Insight for the next stage of Alteryx’s journey. ”

Alteryx’s predecessor, SRC, was co-founded in 1997 by Dean Stoecker, Olivia Duane Adams, and Ned Harding and initially focused on creating a data engine for demographic-based mapping and reporting. In 2006, SRC released a software app. Alteryx as a platform for building analytical processes and services. By 2011, SRC had changed its name to his Alteryx, and by that time SRC had become the company’s core product.

Alteryx went public on the NYSE in 2017 after raising tens of millions of dollars from VC firms including Toba Capital, Insight, Sapphire Ventures, ICONIQ Capital, and Meritech Capital Partners.

More recently, Alteryx moved to a subscription-centric business model and significantly expanded its AI-powered feature offering as part of its strategy to capture the growing demand for data analytics services. according to The value of the big data analytics market could reach $105.08 billion by 2027, up from $37.34 billion in 2018, according to analyst firm Research and Markets.

Alteryx currently counts more than 8,300 companies as customers, including Coca-Cola, Vodafone, Walmart, and Ford. In its coverage of the deal today, SiliconAngle said: Note That Alterix generated Revenue for the last quarter was $232 million, an increase of 8% from the same period last year. Also, annual recurring revenue grew nearly three times faster over the same period, increasing by about 21% to $914 million.

“When we founded Alteryx in 1997, we did so with a vision for the future of data science and analytics. Today, Alteryx is a differentiated platform that extends the democratization of data in a controlled way. We stand out as an industry leader with “The agreements with Clearlake and Insight demonstrate the strength of our business and the value of Alteryx’s capabilities and innovation.”

Source: techcrunch.com

EU’s AI rule negotiations enter second day with agreement on basic model still under consideration

European Union legislators take action Over 20 hours of negotiation time Amid the marathon attempt to reach a consensus on how to regulate artificial intelligence, one thorny element remains unsolved: rules for foundational models/general purpose AI (GPAI), according to a leaked proposal reviewed by TechCrunch. A tentative agreement has been reached on how to handle the issue.

In recent weeks, there has been a concerted movement led by French AI startup Mistral to call for a complete regulatory separation of basic models/GPAI. But the proposal still has elements of the phased approach to regulating these advanced AIs that Parliament proposed earlier this year, so EU lawmakers are pushing for a full-throttle push to let the market make things right. seems to be resisting.

Having said that, some obligations of GPAI systems provided under free open source licenses are partially exempted (which is stipulated to mean: weights, information about the model architecture, and information about how to use the model) — with some exceptions, such as “high risk” models.

Reuters also reports on partial exceptions for open source advanced AI.

According to our sources, the open source exception is further limited by commercial deployment, so if such an open source model becomes available in the market or is otherwise provided as a service, the curve Out is no longer valid. “Therefore, depending on how ‘market availability’ and ‘commercialization’ are interpreted, this law could also apply to Mistral,” our source suggested.

The preliminary agreement we have seen maintains GPAI’s classification of so-called “systemic risk,” with models receiving this designation based on a measured cumulative amount of compute used for training. It means that it has “functions that have a large impact” such as. Greater than 10^25 for floating point operations (FLOPs).

at that level Few current models appear to meet systemic risk thresholds – Suggests that few state-of-the-art GPAIs need to fulfill their ex ante mandate to proactively assess and mitigate systemic risk. So Mistral’s lobbying efforts appear to have softened the blow of the regulation.

Under the preliminary agreement, other obligations for providers of systemic risk GPAIs include conducting assessments using standardized protocols and state-of-the-art tools. Document and report serious incidents “without undue delay.” Conduct and document adversarial testing. Ensure appropriate levels of cybersecurity. Report the actual or estimated energy consumption of your model.

Providers of GPAI have general obligations such as testing and evaluation of models and the creation and preservation of technical documentation, which must be made available to regulators and supervisory authorities upon request.

You should also provide downstream deployers of the model (aka AI app authors) with an overview of the model’s capabilities and limitations to support their ability to comply with AI laws.

The proposal also calls on basic model makers to put in place policies that respect EU copyright law, including restrictions placed on text and data mining by copyright holders. It also says it will provide a “sufficiently detailed” overview of the training data used to build and publish the model. Templates for disclosures are provided by the AI ​​Office, the AI ​​governance body that the regulations propose to establish.

We understand that this copyright disclosure summary continues to apply to open source models. This exists as one of the exceptions to the rule.

The documents we have seen include references to codes of practice, and the proposal states that GPAIs, and GPAIs with systemic risks, will demonstrate compliance until a ‘harmonized standard’ is published. It says that you can depend on this.

It is envisaged that the AI ​​Office will be involved in the creation of such norms. The European Commission envisages issuing a standardization request from six months after the entry into force of the regulation on GPAI, but will also ask for deliverables on reporting and documentation on how to improve the energy and resource use of AI systems. It is assumed that standardization requests such as these will be issued and regular reports on their progress will be made. It also includes the development of these standardized elements (2 years after the date of application and every 4 years thereafter).

Today’s tripartite consultations on the AI ​​Act actually began yesterday afternoon, but the European Commission is seeking opinions on this disputed file between the European Council, Parliament and Commission staff. It seems that they are determined to make this the final finishing touch. (If not, as we previously reported, there is a risk that the regulation will be put back on the shelf, with EU elections and new Commission appointments looming next year.)

At the time of this writing, negotiations are underway to resolve several other contentious elements of the file, with a number of highly sensitive issues still on the table (e.g., authentication monitoring, etc.). Therefore, it remains unclear whether the file will cross the line.

Without agreement on all elements, there will be no consensus to secure the law, leaving the fate of the AI ​​law in limbo. But for those looking to understand where their co-legislators have arrived at their position on responsibility for advanced AI models, such as the large-scale language model that underpins the viral AI chatbot ChatGPT, this tentative agreement will help lawmakers provide some degree of steering as to where we are going.

In recent minutes, EU Internal Market Commissioner Thierry Breton tweeted confirmation that negotiations had finally broken down, but only until tomorrow. The European Commission still intends to obtain the April 2021 proposed file beyond the deadline this week, as the epic trilogue is scheduled to resume at 9 a.m. Brussels time.

Source: techcrunch.com

Reliance reportedly nearing agreement to purchase Disney’s India operations

Reliance is reportedly close to agreeing to buy Disney’s India operations as Mukesh Ambani’s oil telecom empire looks to expand its digital and television assets.

Disney values ​​its India operations at about $10 billion, while Reliance pegs its assets at $7 billion to $8 billion, Bloomberg News reported on Monday. According to the report, a deal could be signed and announced as early as next month.

Reliance said in an earlier statement that the company is constantly evaluating properties for acquisition.

In 2019, Disney acquired 21st Century Fox’s entertainment assets for $71.3 billion, a move that was significantly strengthened by the addition of Star India.

The deal was critical to Disney’s global streaming expansion, giving Disney broadcast and streaming rights to Indian Premier League cricket matches, a number of multilingual television channels, and an interest in a Bollywood film production company. At the time of acquisition, Star’s Hotstar had approximately 150 million monthly active users.

Hotstar dominated India’s video streaming world for several more quarters, but its popularity grew after Reliance-backed Viacom18 secured five-year rights to stream IPL cricket matches for about $3 billion, and the situation has since changed. became tapered. Disney paid $3 billion for the same five-year rights to air the content on television.

Reliance has poached a number of top leadership and engineering talent to strengthen JioCinema over the past year, bringing premium content from HBO and NBC to its on-demand streaming service.

Disney’s Hotstar, which lost around 20 million subscribers this year as consumers flocked to JioCinema to watch IPL matches, has turned to the ongoing Cricket World Cup in hopes of winning back customers. Streaming for free to mobile viewers. Earlier this month, the Disney Streamer app took back the global on-demand video streaming record from JioCinema when a cricket match drew 35 million concurrent viewers. During Sunday’s India vs. New Zealand match, concurrent viewership jumped to 43 million viewers, breaking its own record.

Source: techcrunch.com