Google is implementing an internal reorganization that combines its Android and hardware teams. Google CEO Sundar Pichai announced a new Platforms & Devices team headed by Rick Osterloh, which includes Android, Chrome, ChromeOS, Photos and all Pixel products. Pichai says the move will help speed development. Osterloh’s mandate is full-stack platform development that smoothly incorporates AI across all Google platforms, including smartphones, TVs and anything with Android OS. Hiroshi Lockheimer, who previously ran ops for Android, Chrome and ChromeOS, moves on to other projects at Google and Alphabet. Continue reading Google Merges Android and Hardware Units for AI Efficiency

British cinema operator Cineworld Group, owner of Regal Cinemas, has proposed a plan to emerge from Chapter 11 bankruptcy. In what is described as a “debt-for-equity swap,” the company would reduce by some $4.53 billion the indebtedness of its principal U.S. claimants, who would be getting a stake in the company in exchange for waiving their claims. The group companies have commitments for roughly $1.94 billion in debtor financing from lenders to help ensure Cineworld operations can continue during its anticipated reorganization, which is subject to court approval. The transaction is expected to “result in very significant dilution of existing equity interests.” Continue reading Regal Parent Cineworld on Path to Chapter 11 Restructuring