G20 Leaders Approve a Global Minimum Corporate Tax Rate

President Biden and other world leaders who gathered for the Group of 20 summit in Rome formally endorsed a new global minimum business tax Saturday in what is presented as a historic achievement after months of negotiations, according to the Organization for Economic Cooperation and Development (OECD). The new global minimum tax rate of 15 percent is intended to reverse a decades-long reduction in corporate tax rates across the world. The agreement, which was previously endorsed by finance ministers from each country and would have an impact on Big Tech, now faces the formidable task of being turned into multinational legislation. Continue reading G20 Leaders Approve a Global Minimum Corporate Tax Rate

Amazon Is Developing Faster Arm-Based Data Center Chip

Amazon debuted a second-generation processor chip for its Web Services data center that relies on technology from Arm Holdings, owned by SoftBank Group, according to sources. The new chip is expected to be 20 percent faster than the first generation Arm-based chip, dubbed Graviton, which was released in 2018 as a less expensive option for lighter computing jobs. If this second-gen chip proves as powerful as sources claim, AWS could rely less on Intel and Advanced Micro Devices for their server chips. Continue reading Amazon Is Developing Faster Arm-Based Data Center Chip

From Reddit Comments Thread to Screenplay to Warner Bros. Movie

  • A short story originally posted as a series of comments on social news site Reddit will become the basis for a Warner Bros. feature film.
  • “Rome, Sweet Rome” is an historical sci-fi tale written by James Erwin, a two-time “Jeopardy!” winner.
  • Erwin (as Prufrock451 on Reddit) was responding to another user who asked the community, “Could I destroy the entire Roman Empire during the reign of Augustus if I traveled back in time with a modern U.S. Marine infantry battalion or MEU?”
  • The posts Erwin subsequently composed as a short story became the top-rated comments on Reddit and “inspired fan-art, fiction spin-offs and even a mock-up movie trailer.”
  • Madhouse Entertainment caught wind of the RsR subreddit community and pitched the story to a Warner Bros. exec, who pushed to “move aggressively” to acquire the rights.