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. Continue reading Cisco to Acquire Cybersecurity Firm Splunk in $28 Billion Deal

Amazon founder Jeff Bezos is stepping down as chief executive of the e-commerce and tech giant, elevating Andy Jassy, former head of the company’s web division, to the CEO position, making it one of the most high-profile executive swaps in years. But behind the scenes, more change has roiled the company with numerous executives departing in the last 18 months, many after working there for years. That’s unusual because many of Amazon’s top staffers started with the company in its earliest days, became wealthy via stock, and were considered loyal lifers. Continue reading Jeff Bezos Steps Down, Andy Jassy Is the New Amazon Boss

Football coaches are already using artificial intelligence to help them on the sidelines. Students at North Carolina State University built an AI that could predict whether an NFL team would pass or run the ball. The AI called the plays correctly 91.6 percent of the time during an NFL game. The technology may not yet be ready for a real-time game situation, but with more data and research into machine learning and game theory, AI could become a big league contender. Continue reading Data Analytics: AI Could Assist Coaches in Professional Sports