4.4 • 1.2K Ratings
🗓️ 17 May 2021
⏱️ 9 minutes
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AT&T is nearing a deal to combine its content unit WarnerMedia with rival Discovery to create a media giant to compete in streaming, the insurance group Axa said one of its Asian business units was the victim of a “targeted ransomware attack”, and the EU plans to throw its weight behind a push to expand vaccine manufacturing in Africa. Plus, the FT’s European technology correspondent, Madhumita Murgia, explains why companies see potential in emotional recognition technology.
AT&T nears deal to create $150bn streaming giant with Discovery
https://www.ft.com/content/5aeba5f9-2e00-4cba-b9c7-e0431aad798b
Axa’s Asian operations hit in ransomware attack
https://www.ft.com/content/4443da60-6d90-4d27-b300-b0896425f99f?
EU to back expansion of vaccine production capacity in Africa
https://www.ft.com/content/d2a47c7e-0b00-4e31-92ab-cd3ff0b9070b
Emotion recognition: can AI detect human feelings from a face?
https://www.ft.com/content/c0b03d1d-f72f-48a8-b342-b4a926109452?
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0:00.0 | Good morning from the Financial Times. Today is Monday, May 17th, and this is your FT news briefing. |
0:08.8 | Netflix could be looking at yet another streaming rival. We'll tell you about the latest ransomware |
0:14.1 | attacks, and the European Union is supporting a plan to manufacture more vaccines in Africa. |
0:20.7 | Plus, did you know that companies are developing artificial intelligence that can detect your |
0:25.1 | feelings based on facial expressions? This is something that's hard even for humans to do, |
0:30.2 | just because I can read what your face is saying doesn't mean I know what you're feeling. |
0:34.9 | And so the question is can machines do it any better than we can? Regardless of the answer, |
0:41.2 | it's already a multi-billion dollar industry. I'm Mark Filipino and here's the news you need to start your day. |
0:47.4 | Sources told the FT that AT&T's board met yesterday to discuss merging its content unit with its |
0:57.8 | rival, discovery, and create a media giant with an enterprise value of $150 billion. The deal |
1:04.8 | would combine discovery successful home and cooking shows with AT&T's Warner Media, which includes |
1:10.0 | household names like CNN and HBO. This would be the latest effort by telecoms and media companies to |
1:16.1 | try and compete in a streaming-dominated entertainment landscape. Sources say the deal could be reached |
1:21.9 | this week. Two more ransomware attacks were reported in the last few days. Most of Ireland's |
1:33.4 | healthcare IT systems were shut down on Friday after hackers demanded a ransom in Bitcoin, |
1:38.7 | and yesterday the French insurance group Axa said cybercriminals had targeted |
1:43.5 | Southeast Asia operations and seized sensitive data. The FT's Hannah Murphy notes that the attacks |
1:49.5 | on Axa came a week after it said it would suspend writing a kind of policy that reimburses for |
1:55.3 | ransom payments. It was limited to Axa's French customers only, but it comes as insurers have |
2:01.7 | been blamed. They've had a finger pointed at them by some government officials, by some public |
2:07.3 | scrutiny, for encouraging companies to pay out indirectly by offering these sorts of reimbursements. |
2:15.0 | So that was really response to that. Now, so it looks because of the timing that this was a sort of |
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