Cisco is poised to make its biggest acquisition ever, with an agreement in place to buy cybersecurity firm Splunk for $28 billion. Cisco, which turns 30 next year, is a global leader in the manufacture of computer networking equipment. Splunk is a 20-year-old company with more than 1,100 patents and a business built around keeping systems and data safe, resolving technical issues and minimizing the risk of hacks, most recently introducing new AI-based services. The companies expect the deal to close in late 2024. Cisco CEO Chuck Robbins says the deal will be financed with a combination of cash and debt. Read more

During its Surface and AI event in New York City on Thursday, Microsoft introduced a pair of new Surface laptops and an array of generative AI upgrades to Bing Chat, Windows Copilot and more. Taking center stage in hardware was the company’s more powerful Surface Laptop Studio 2 and the ultra-portable Surface Laptop Go 3. Also unveiled was the Surface Go 4 for Business, the latest miniature version of its Surface Pro tablet, and the company’s large touchscreen Surface Hub, designed for office use. Beginning this month, Microsoft rolls out Copilot — “your everyday AI companion” — in a free Windows 11 update, followed by Bing, Edge, and Microsoft 365 this fall. Read more

YouTube announced a new AI-powered creator tool called Dream Screen and hinted at things to come at its annual Made on YouTube event last week. Rolling out on a test basis to select YouTube Shorts creators later this year, Dream Screen will generate “fantastic settings” for video backgrounds. YouTube says it will “eventually” allow creators to “instantly reimagine” their videos by typing an idea prompt that results in new content created with AI tools. The company also announced it will have AI-generated recommendations for video ideas and machine learning assistance with music track search. Read more

As creators embrace artificial intelligence to juice creativity, TikTok is launching a tool that helps them label their AI-generated content while also beginning to test “ways to label AI-generated content automatically.” “AI enables incredible creative opportunities, but can potentially confuse or mislead viewers,” TikTok said in announcing labels that can apply to “any content that has been completely generated or significantly edited by AI,” including video, photographs, music and more. The platform also touted a policy that “requires people to label AI-generated content that contains realistic images, audio or video, in order to help viewers contextualize.” Read more

Sony’s Crystal LED displays are designed to enable realistic backgrounds for virtual production. Now, after two years of research and development, Sony Electronics has unveiled its first line of Crystal LED Verona wall displays, purpose-built to meet the needs of virtual production. The result of a tight feedback loop between Hollywood end users and Sony engineers in Tokyo, Verona aimed to solve what were identified as the two biggest issues with virtual production backgrounds: a need for “deeper black-level expression” and “reduced contrast loss caused by light from adjacent LED panels and studio lighting equipment.” Read more