How Arm Became the Biggest IPO of the Year
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 15 September 2023
⏱️ 12 minutes
🧾️ Download transcript
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| 0:00.0 | As a city national client, you get a dedicated team of banking professionals working alongside |
| 0:06.4 | you. From a relationship manager who works with you on everyday business needs, to a business |
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| 0:16.3 | bank. See what personal can do for you at CNB.com. |
| 0:28.9 | Welcome to Tech News briefing, it's Friday, September 15. I'm Zoe Thomas for the Wall Street Journal. |
| 0:35.7 | As the amount of data in the world expands, the number of semiconductors we need to process |
| 0:40.8 | that information is becoming more numerous and more crucial too. That's one major reason |
| 0:46.9 | why ARM, a company you may never have heard of, had a massive initial public offering |
| 0:53.0 | of its stock yesterday. It's expected to be the biggest of the year. Are semiconductors |
| 0:58.8 | reporter Asa Fitch is going to join us to explain how the company became so valuable. |
| 1:04.4 | And it's plans for the future. |
| 1:10.9 | Starting with the major cyber attacks that have targeted Las Vegas casinos, the Caesar's |
| 1:15.6 | entertainment reported paying hackers roughly half of a $30 million ransom to regain access |
| 1:22.4 | to its systems earlier this summer. The company told regulators yesterday, the incident |
| 1:27.3 | resulted from an attack on an outsourced IT support vendor. The Caesar's disclosure comes |
| 1:33.2 | as another major Las Vegas brand, MGM Resorts, grapples with the fallout of a cyber attack. MGM, |
| 1:40.3 | which owns about a dozen casinos along the strip, shut down computer systems, affecting hotels |
| 1:45.9 | and casino operations. Slot machines, sports betting kiosks, and automatic revolving doors were |
| 1:53.3 | affected. MGM said it had identified the issue and is continuing to investigate the matter. |
| 1:58.7 | The FBI said it was aware of the ongoing incident. Reporter James Rundle from the WSJ |
| 2:04.8 | pros cyber security team says the amount of personal and financial information casinos hold |
| 2:10.8 | makes them a prime target for hackers. Casinos have always been very focused on security |
... |
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