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Activist hedge fund manager Daniel Loeb takes on Intel, plans launch of new VC fund – TechCrunch

Activist hedge fund manager Daniel Loeb takes on Intel, plans launch of new VC fund
Third Point, the activist hedge fund run by Daniel Loeb, is busy in the waning days of 2020. It’s had great returns despite huge turbulence early in the pandemic Reuters says that it is up 12.3% for the year as of earlier this month and the firm clearly sees more and more potential for growth in the tech sector.
First, we learned via Asa Fitch at the Wall Street Journal yesterday that the hedge fund sent a vituperative shareholder letter to Intel chair Omar Ishrak, demanding wide-scale changes in its management after the American chipmaker fell dramatically behind rivals in recent years. As I noted in TechCrunch’s 2020 wrapup of the semiconductor industry, Intel has a make-or-break moment coming next year, and now with even further activist pressure from hedge funds, the push to fix Intel’s underlying problems is intensifying. ....

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Data Gravity Intensity Expected to More Than Double Annually for the Financial Services, Manufacturing and Insurance Industries through 2024

Data Gravity Intensity Expected to More Than Double Annually for the Financial Services, Manufacturing and Insurance Industries through 2024
Data Gravity Index DGx™ v1.5 Identifies Jakarta, Singapore, Rome, Hong Kong, Melbourne and Atlanta as Metros with the Greatest Data Gravity Intensities
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SAN FRANCISCO, Dec. 10, 2020 /PRNewswire/ Digital Realty (NYSE: DLR), a leading global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, has published version 1.5 of its
Data Gravity Index DGx™, expanding the scope of the study from the 21 initial metros in version 1.0 to encompass 53 global metros and assessing the intensity and gravitational force of enterprise data growth on 23 distinct global industries. ....

New York , United States , Hong Kong , France General , City Of , United Kingdom , Noord Holland , Soult Ukpyolsi , South Korea , New South Wales , Jakarta Raya , Marc Musgrove , Mark Cusack , Joshua Burgin , Tony Bishop , Joe Zhu , Dave Mccrory , John Stewart Jim Huseby , Digital Realty Data Hub , Amazon Web Services , Head Of Insights Analytics At Digital Realty , Data Gravity Growing Impact On Key Industries , United Nations , Digital Realty , Amazon Web Services Inc , Exchange Commission ,