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Coursera Acquires Udemy For $930 Million

Slashdot.org - 7 hours 51 min ago
Coursera announced on Wednesday that it will acquire rival online learning platform Udemy in an all-stock deal that values the combined company at $2.5 billion, a move that brings together two of the largest U.S.-based players in an industry that has struggled since pandemic-era enrollment highs faded. Under the terms of the agreement, Udemy shareholders will receive 0.8 shares of Coursera for each share they hold, valuing Udemy at roughly $930 million. Based on Coursera's last closing price, the offer works out to $6.35 per Udemy share, an 18.3% premium. The deal is expected to close in the second half of next year, pending regulatory and shareholder approvals. The two companies are betting that a combined platform will be better positioned to pursue corporate customers seeking to retrain workers in artificial intelligence, data science and software development. Coursera has built its business on partnerships with universities and institutions to offer degree programs and professional certificates, while Udemy operates a marketplace where independent instructors sell courses directly to consumers and businesses. Both stocks have significantly underperformed this year. Udemy shares have fallen about 35% and Coursera is down roughly 7%, leaving both trading well below their post-IPO highs as investors remain cautious about competition and pricing pressure in the sector.

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Google Sues Alleged Chinese Scam Group Behind Massive US Text Message Phishing Ring

Slashdot.org - 8 hours 28 min ago
Google is suing a Chinese-speaking cybercriminal group it says is responsible for a massive wave of scam text messages sent to Americans this year, according to a legal complaint filed Tuesday. From a report: The group, known as Darcula, sells software that allows users to send phishing text messages en masse, impersonating organizations like the IRS or the U.S. Postal Service in scams. The lawsuit is designed to give Google legal standing so U.S. courts will allow it to seize websites the group uses, hampering their operations, a spokesperson said. Darcula is possibly the most prominent name in an emerging, loosely affiliated cybercrime world that creates and sells hacking programs for aspiring scammers to use. Darcula's signature program, called Magic Cat, provides an easy-to-use, intuitive way for cybercriminals without advanced hacking skills to quickly spam millions of phone numbers with links to fake websites impersonating businesses like YouTube's premium service, then steal the credit card numbers victims put in.

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Gemini 3 Flash comes to the Gemini appGemini 3 Flash comes to the Gemini appVP, Google Labs & Gemini

GoogleBlog - 8 hours 40 min ago
Introducing Gemini 3 Flash, a major upgrade to your everyday AI. It delivers next-generation intelligence at lightning speeds.For too long, AI forced a choice: big model…
Categories: Technology

Gemini 3 Flash is rolling out globally in Google SearchGemini 3 Flash is rolling out globally in Google SearchVP of Product, Google Search

GoogleBlog - 8 hours 40 min ago
Gemini 3 Flash brings the incredible reasoning of our Gemini 3 model at the speed you expect of Search.Gemini 3 Flash brings the incredible reasoning of our Gemini 3 model at the speed you expect of Search.
Categories: Technology

Gemini 3 Flash: frontier intelligence built for speedGemini 3 Flash: frontier intelligence built for speedSenior Director

GoogleBlog - 8 hours 40 min ago
Gemini 3 Flash offers frontier intelligence built for speed at a fraction of the cost.Gemini 3 Flash offers frontier intelligence built for speed at a fraction of the cost.
Categories: Technology

Build with Gemini 3 Flash, frontier intelligence that scales with youBuild with Gemini 3 Flash, frontier intelligence that scales with youGroup Product Manager

GoogleBlog - 8 hours 40 min ago
Gemini 3 Flash is available for developers to build with now. Learn more about this smarter, scale-ready model and how — and where — you can use it now.Gemini 3 Flash is available for developers to build with now. Learn more about this smarter, scale-ready model and how — and where — you can use it now.
Categories: Technology

Meta Is Considering Charging Business Pages To Post Links

Slashdot.org - 9 hours 19 min ago
Meta is informing some users that they will soon be restricted in how many link posts they can share each month, unless they pay for its Meta Verified subscription service. As per the notification message: "Starting December 16, certain Facebook profiles without Meta Verified, including yours, will be limited to sharing links in 2 organic posts per month. Subscribe to Meta Verified to share more links on Facebook, plus get a verified badge and additional benefits to help protect your brand." To be clear, right now this is a limited test, so relatively few Pages are impacted. But understandably, a lot of users are also seeking more information on the change, and whether it could be expanded to all Pages. So, Meta's seeking to boost take-up of Meta Verified, in order to make more money out of its subscription option, which, for business users, costs between $14.99 and $499 per month, depending on which package you choose.

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Warner Bros Discovery Board Rejects Rival Bid From Paramount

Slashdot.org - 9 hours 55 min ago
Warner Bros Discovery's board spurned Paramount Skydance's $108.4 billion hostile takeover bid on Wednesday, calling the offer "illusory" as it accused the studio giant of misleading shareholders about its financing. From a report: Paramount has been in a race with Netflix to win control of Warner Bros, and with it, its prized film and television studios, HBO Max streaming service and franchises like "Harry Potter." After Warner Bros accepted the streaming giant's offer, Paramount launched a hostile offer to outdo that bid. In a letter to shareholders on Wednesday, the Warner Bros board wrote that Paramount had "consistently misled" Warner Bros shareholders that its $30-per-share cash offer was fully guaranteed, or "backstopped," by the Ellison family, led by billionaire and Oracle co-founder Larry Ellison.

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OpenAI in Talks With Amazon About Investment That Could Exceed $10 Billion

Slashdot.org - 10 hours 31 min ago
OpenAI is in discussions with Amazon about a potential investment and an agreement to use its AI chips, CNBC confirmed on Tuesday. From the report: The details are fluid and still subject to change but the investment could exceed $10 billion, according to a person familiar with the matter who asked not to be named because the talks are confidential. The discussions come after OpenAI completed a restructuring in October and formally outlined the details of its partnership with Microsoft, giving it more freedom to raise capital and partner with companies across the broader AI ecosystem. Microsoft has invested more than $13 billion in OpenAI and backed the company since 2019, but it no longer has a right of first refusal to be OpenAI's compute provider, according to an October release. OpenAI can now also develop some products with third parties. Amazon has invested at least $8 billion into OpenAI rival Anthropic, but the e-commerce giant could be looking to expand its exposure to the booming generative AI market. Microsoft has taken a similar step and announced last month that it will invest up to $5 billion into Anthropic, while Nvidia will invest up to $10 billion in the startup.

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Uber and DoorDash Try To Halt NYC Law That Encourages Tipping

Slashdot.org - 11 hours 40 min ago
An anonymous reader quotes a report from the New York Times: Two of the largest food-delivery app companies have made a last-ditch effort to overturn tipping laws in New York City that go into effect in January just as its next mayor, who has been highly critical of the companies and the app industry, takes office. Tips to delivery workers have plummeted since some food-delivery apps switched to showing the tipping option only after a purchase had been completed; that change came after New York City established the country's first minimum pay-rate for the workers in 2023. The new laws will require the apps to suggest a minimum tip of 10 percent at checkout, though customers can contribute more or less, or nothing at all. Two of the app companies, DoorDash and Uber, filed a joint federal lawsuit in the Southern District of New York late last week targeting the City Council legislation, arguing that the new rules violated the First Amendment by requiring them to "speak a government-mandated message" and exceeded the Council's authority. Although tipping will be optional under the law, the companies wrote in the suit that a "mandated pre-delivery 10 percent tip suggestion" would cause customers to use the app less because they were suffering from "tipping fatigue." "Lessened engagement would result in fewer orders," the suit said.

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