news and current affairs.
Geradin Partners hires Ilkka Aalto-Setälä
Geradin Partners appointed competition law expert Ilkka Aalto-Setälä as partner-elect from rival Finnish practice Borenius, where he previously led the competition division. The addition strengthens the firm's Helsinki location, which opened with two partners following recruitment from Roschier. Aalto-Setälä brings two decades of experience handling merger control matters, antitrust investigations, and regulatory proceedings before national and European Union authorities after earlier positions at Finland's competition regulator and the European Commission. He has represented clients in nearly 100 cases before the Finnish Market Court while serving as chairman of the Finnish Bar Association's Competition Law Expert Group. The...
Ashurst and Perkins Coie plan merger to form $2.7bn firm
British legal practice Ashurst plans to combine operations with American counterpart Perkins Coie in a transaction creating a top-20 global firm by revenue with 3,000 attorneys across more than 50 locations. The partnership, expected to finalize during the third quarter of 2026 pending approval votes, will generate approximately $2.7 billion in annual receipts under the Ashurst Perkins Coie designation, with leadership shared between Paul Jenkins and Bill Malley as co-chief executives. The combination grants Ashurst substantial presence within the lucrative American market through Perkins Coie's 17 domestic offices while extending the Seattle-based firm's international reach across technology, energy infrastructure, and financial...
Cloudflare blames the ClickHouse query for the major global outage
Cloudflare attributed a major service disruption affecting roughly one-fifth of global internet traffic to a database query malfunction that generated excessive duplicate entries within its bot detection infrastructure. Chief executive Matthew Prince disclosed that modifications to a ClickHouse query caused configuration files to expand beyond memory thresholds, crashing systems that process customer traffic and disabling prominent platforms, including ChatGPT and X. The infrastructure provider characterized the incident as its most severe since 2019. The bot management module failure created inconsistent service patterns, with organizations using active bot-blocking rules experiencing false positives that rejected legitimate users...
Pixel 10 tops The Verge's 2025 Android phone guide
Technology publication The Verge positioned the Pixel 10 as the optimal Android smartphone choice for most consumers after comprehensive testing, citing its $799 price point, Tensor G5 processor, and integrated magnetic wireless charging capabilities. The device distinguished itself through artificial intelligence features that proactively surface contextual information during messaging conversations, though reviewer Allison Johnson cautioned against excessive confidence in manufacturer claims about transformative AI capabilities. Samsung's Galaxy S25 Ultra retained its premium positioning at $949 with dual telephoto cameras and integrated stylus functionality, while OnePlus 13 addressed battery concerns through its 6,000mAh capacity...
Microsoft and Nvidia invest $15B as AI stocks fall
Microsoft and Nvidia invested a combined $15 billion in Anthropic, valuing the artificial intelligence startup at approximately $350 billion, while public markets continued selling technology stocks for a fourth consecutive session. The arrangement includes commitments from Anthropic to purchase computing services from both investment partners, reflecting a pattern where corporate backers also become primary customers. Public investors demonstrated skepticism toward artificial intelligence equities despite the massive private funding round, with shares of major technology companies declining as analysts questioned when substantial investments would generate sustainable returns. Nvidia faces particular scrutiny ahead of its earnings...
Hugging Face CEO Clem Delangue warns of LLM bubble
Hugging Face chief executive Clem Delangue warned that excessive investment in large language models has created market conditions likely to collapse within months, though he characterized the anticipated correction as beneficial rather than destructive for the artificial intelligence sector. The company maintains $200 million from its original $400 million funding round while competitors spend billions pursuing scaled systems. Delangue argued that enterprises require specialized tools optimized for specific tasks rather than generalized models capable of handling diverse functions. His platform focuses on domain-specific applications that process information faster and more economically without transmitting sensitive corporate data to...
Intel Arrow Lake-S CPUs see steep China discounts
Chinese retailers have slashed prices on Intel's Arrow Lake desktop processors by as much as 46 percent below launch values, with the entry-level Core Ultra 5 225 dropping from 2,149 yuan to 1,159 yuan. The flagship Core Ultra 9 285K fell 25 percent to 3,599 yuan, while mid-range options like the Core Ultra 7 265K and Core Ultra 5 245K saw reductions of 36 percent and 42 percent, respectively. American pricing through outlets like Microcenter and Amazon remains competitive, with the Core Ultra 9 285K available at $499 and the Core Ultra 5 245K at $199. The processors face adoption challenges due to gaming performance limitations compared with AMD alternatives, though they deliver strong multi-threaded capabilities. Buyers must invest...
PlayStation unveils Black Friday deals and PS5 discounts
PlayStation launched promotional pricing for the holiday shopping period, offering $100 reductions on both its console and virtual reality headset. Additional hardware markdowns include $30 off the DualSense Edge controller, $20 discounts on standard DualSense controllers and the Portal handheld device, and reduced prices for Pulse Elite headphones and Pulse Explore earbuds. Subscribers can secure one-third off annual memberships across all three tiers of the Plus service. Current members seeking tier upgrades will receive matching percentage discounts on their remaining subscription periods. The company expanded savings to include site merchandise at 60 percent off alongside hundreds of discounted titles available through its digital...
Epic Games Store launches premium editions sale
Epic Games Store launched a promotional event featuring premium game editions at discounts reaching 85 percent for Black Friday and Cyber Monday shoppers. The sale includes deluxe versions of titles such as Hogwarts Legacy Digital Deluxe Edition and Dead Space Digital Deluxe Edition at heavily reduced prices, while newer releases like Battlefield 6 Phantom Edition and Stellar Blade Complete Edition offer smaller reductions. The platform temporarily increased its rewards program from 5 percent to 20 percent for purchases made through its payment system. Epic also introduced gifting capabilities to the store, though certain restrictions apply to the feature.
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