Tech Media Leader turned investment banker handling Series A-C funding, M&A and debt needs.

Stamford, CT
Our ex presidents and VPs have fascinating takes on AI.
End Wokeness
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Rich Tehrani retweeted
How old is the evidence behind your last promotion decision? @TheGenAICEO shares the questions he now asks about high performers twice a year, including one he applies to himself. Read the full article in @EntrepreneurUK: hubs.li/Q04yjZVx0 #IgniteTech #Leadership #AI
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Check out the new TMC Insight buyers guide - early listing: @Dell: What does Dell do? Dell Technologies Inc. is a global provider of enterprise IT infrastructure, personal computing systems, and hybrid multicloud services headquartered in Round Rock, Texas. The company functions primarily as a hardware OEM and enterprise systems vendor operating two principal business units: the Infrastructure Solutions Group (ISG) and the Client Solutions Group (CSG). ISG builds and markets enterprise data center technologies, including general-purpose and AI-optimized servers, primary storage arrays, software-defined storage, data protection systems, and networking hardware. CSG manufactures commercial and consumer client devices, including notebooks, desktops, workstations, and displays. Dell also offers infrastructure management software, professional lifecycle services, and consumption-based procurement through its Dell APEX subscription portfolio, helping commercial, public-sector, and enterprise organizations build, refresh, and operate distributed compute environments. fusionscore.ai/insight/buyer…
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Register now at @itexpo to visit great companies like @Data2GoWireless at the show!
Data2Go Wireless provides managed IoT, M2M, and cellular connectivity solutions, including airtime plans, hardware, network services, and wireless coverage. Stop by Booth 2524 and explore wireless connectivity options. bit.ly/4vCnqND @Data2GoWireless
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Ema has raised $77 million in Series B funding as it seeks to move enterprise AI agents beyond isolated tasks and into the day-to-day processes that run large organizations. The round was led by Creaegis and brings Ema’s total funding to $140 million. The startup describes its agents as AI “employees” that can execute end-to-end workflows across HR, IT and finance. Rather than asking customers to replace their existing applications, Ema connects its agents with the systems businesses already use, allowing a team of specialized agents to coordinate work across applications and data sources. Unlike generative AI products used simply to draft responses or summarize documents, enterprise workflows present complex routing and integration challenges. Completing an employee onboarding request, for example, involves an HR platform, identity system, service desk, payroll application, and several approval steps. Ema addresses this by coordinating agents to handle the sequence while escalating exceptions to human operators. According to TechCrunch, Ema reports more than 50 enterprise customers, over 1 million active users, approximately 180% net-dollar retention, and more than $150 million in bookings. These company-reported figures suggest that Ema is seeing demand beyond small pilot projects. Although enterprise interest in agents is broad, production-scale adoption remains uneven. McKinsey’s 2025 global survey found that 62% of organizations were experimenting with AI agents, while 23% were scaling agentic AI in at least one business function. Nearly two-thirds had not started scaling AI across the enterprise, and only 39% reported any AI-related impact on enterprise-level EBIT. That gap between experimentation and financial impact is the market Ema needs to navigate. Real-world deployment requires agents to consistently handle permissions, incomplete records, policy exceptions, and changes in underlying applications to effectively reduce cycle times and operating costs. Competition is also intensifying. Microsoft Copilot, ServiceNow and Salesforce Agentforce are pursuing similar opportunities by connecting agents with business workflows and systems of record. Their installed customer bases provide strong distribution, while independent vendors such as Ema can try to differentiate through broader application coverage, model flexibility, and faster deployment across departmental boundaries. insight.tmcnet.com/insight/e…
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Think he was thinking this when he decided to take out Hillary as president in 2008?
Obama: "If you put women in charge of every government for two years... I have a strong belief that things would be better. I'm confident about that."
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"A six year old does not know your food is bad" LOL
McDonald's is spending 8.5 billion dollars to find out why families stopped coming. I can save them the 8.5 billion. They took out the playground. The plan, announced Wednesday at investor day. Better food, faster service, new equipment, AI tools, hospitality training, and a bigger push into chicken and beverages. They call it Next. The goal, they say, is making customers feel more comfortable. Wall Street loved it so much the stock fell 5 percent to its lowest since 2022. Over five years McDonald's shares are down 3 percent. Burger King's parent is up 14. The owner of Taco Bell and KFC is up 13. This is not a hamburger problem. This is a McDonald's problem. So let us talk about who used to eat there. Parents. That was the whole business. Parents at 5:40 on a Tuesday with three kids in the back and nothing thawed at home. You did not go for the burger. You went because your kids could run screaming through a plastic tube for 40 minutes while you sat with a coffee and experienced silence. That was the product. The food was the cover charge. The first PlayPlace opened in 1971 in Birmingham, Alabama, and for fifty years it did one job. It made small children demand to go to McDonald's. Then 2020 arrived, every play area in the country closed, and a great many never came back. The equipment came out during a remodeling program named Experience of the Future. The Experience of the Future turned out to be a touchscreen. Their own chief executive said he did not know if ball pits were in their future. Sir, you were not selling ball pits. You were selling forty minutes. So now there is no counter, no playground, and no reason for a seven year old to want to go. A screen, a window, and a bag. And for that we pay prices that require a moment of reflection in the parking lot. For thin, overcooked, oddly uniform pucks that taste like a memory of beef. I did not love them because they were good. I loved them because I was eight and there was a slide. And have you seen the new buildings. The old ones were unmistakable. Red roof, yellow arches, legible from a highway at 70 to a child who could not yet read. The new ones are a flat gray box with a small logo and a drive through wrapped around it. A regional claims office with a fryer. They removed the color, the characters, the counter, and the playground, and then hired consultants to find out why it no longer feels like anywhere. Which is why, when I have to eat fast food, I go to Chick-fil-A. Not for the politics. For the competence. They have led the customer satisfaction index for fast food eleven years running, and average 8.5 million dollars per location against McDonald's 4 million. More than double, while closed on Sundays. Fifty two days a year with the lights off, and still double. A seventeen year old hands you a bag and says my pleasure and means it about 70 percent, which is 70 percent more than a touchscreen has managed. McDonald's is spending 8.5 billion on hospitality training. Chick-fil-A earns 8.5 million per restaurant by just having some. So here is my consulting proposal, free of charge, on behalf of mothers everywhere. Put the playgrounds back. Not a nostalgia campaign. Not a retro cup. The structure. Tubes, slides, a door the kids cannot open from the inside, and a bench where a tired woman can sit. And understand what you are buying, because it is not lunch. A six year old does not know your food is bad. He has no basis for comparison and no functioning palate. He thinks the burger is incredible because he is standing in a castle made of tubes. That is the window. That is the only window you get. You catch them before the taste buds arrive, and thirty years later they drive past your sign, feel something they cannot explain, and pull in anyway. That is not a menu strategy. That is imprinting, and you shut it down in 2020 to save on cleaning. Eight and a half billion dollars for AI tools and hospitality training. Or a slide. 🦋
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Fort Smith has drawn an important distinction in its latest cybersecurity update: data was removed from city systems, but investigators have found no evidence that residents’ or customers’ credit-card and banking information was compromised. The city disclosed the findings on Sept. 23, 2026, following its investigation into the Aug. 16 cybersecurity event. According to Talk Business & Politics, Fort Smith said its financial, accounting, customer-data, and human-resources systems were not involved in the intrusion. While this limits the scope of the breach, Fort Smith confirmed that an unauthorized actor gained access through Police Department systems and removed an unspecified amount of city data. Officials are still reviewing what information was involved and whether applicable laws require notifications to individuals or other parties. Finding "no evidence" of financial-data exposure is not the same as concluding that no sensitive information left the environment. The wording reflects the limits of a continuing forensic review. Police systems can contain records with personal, investigative, administrative, or employee information, depending on the systems reached. Fort Smith has not publicly confirmed that any particular category of sensitive record was taken. Interlock Ransomware has claimed responsibility for the incident. KUAF reported the claim as the city’s investigation approached completion, while the DysruptionHub incident registry has also tracked the event. Still, a ransomware group’s leak-site statements are not independent proof of what it accessed or exfiltrated. Interlock’s allegations involving sensitive records have not been verified by Fort Smith. insight.tmcnet.com/insight/f…
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The FBI is investigating unauthorized activity after ShinyHunters claimed it breached FBIJobs.gov and obtained between 2 and 3 terabytes of data connected to FBI employees and job applicants. The agency has not independently confirmed the group’s account, the quantity of information involved, or whether an FBI-controlled system was the original source. Extortion groups frequently publish samples to establish credibility, but authentic personal records do not necessarily prove the claimed victim was breached. Data can be assembled from earlier leaks, compromised contractors, commercial databases, or connected services. According to CBS News, the alleged collection includes information concerning FBI personnel and applicants. The FBI acknowledged that it was examining unauthorized activity, while leaving open whether the incident affected an internal environment or a third-party provider. CNBC, reporting on Reuters’ review, said at least nine sampled records matched names, addresses, and Social Security numbers found in credit-bureau information and previously leaked data. Reuters could not determine whether those records came from FBI systems. Validation of individual identities and validation of breach provenance are separate exercises. Investigators need to determine where the files were stored, how they were accessed, whether the data was recently extracted, and if ShinyHunters combined new material with older records. According to Politico, a sample covering about 5,000 alleged agents contained names, home addresses, telephone numbers, and spouse information. The FBI employs approximately 37,000 people, meaning even a subset could expose personnel and families to phishing, impersonation, harassment, doxing, or other targeted activity. insight.tmcnet.com/insight/f…
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Lowe's has added drone delivery to its fulfillment mix, launching a pilot that can bring select home improvement products to customers near Matthews, N.C., in as fast as 20 minutes. The service, announced September 24, 2026, is aimed at both DIY shoppers and Pro customers. It builds on drone operations already run by Wing and DoorDash in the Charlotte area, while giving Lowe's a new way to handle small, time-sensitive orders that do not justify a drive to the store or a conventional delivery route. Customers access the service through the DoorDash app. If an address is eligible, drone delivery appears as an option, and the shopper can enter the dedicated "Lowe's by Drone" storefront. Wing then transports the order, subject to a current payload of approximately 2.5 pounds per flight. That weight limit shapes the business case. This is not a service for lumber, large power tools, or bags of concrete. The retailer has instead assembled a selection that includes hand tools, paint products, soap, tape, all-purpose cleaner, and batteries. These are comparatively small products, but forgetting one can interrupt a repair or leave a crew waiting. Home improvement projects are particularly well suited to urgent, lightweight delivery. A missing roll of tape or set of batteries can have more operational value in the middle of a job than its retail price suggests. Rapid 20-minute delivery offers distinct utility when a contractor's time, or an entire weekend project, is stalled. The pilot also illustrates how drone delivery is moving from a technology demonstration toward a narrowly defined retail service. The Federal Aviation Administration treats package delivery as an advanced drone operation, with operators working within federal aviation requirements rather than simply extending ordinary courier activity into the air. That regulatory layer can affect where services operate, how they scale, and which partners retailers select. State and local considerations remain part of the picture as well. The National Conference of State Legislatures tracks a varied state policy landscape for unmanned aircraft, including issues involving operations, privacy, and public safety. For a national chain, successful performance in one market does not automatically translate into identical operations everywhere. insight.tmcnet.com/insight/d…
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NTT DOCOMO BUSINESS is positioning its Pro service for enterprises that manage large numbers of connected products across multiple countries. The focus is less on simply connecting another sensor and more on controlling the entire operational life of a distributed device fleet. Connectivity is only one layer in an IoT deployment. Enterprises also have to onboard devices, monitor health, manage data usage, change network settings, maintain security policies and retire equipment at the end of its service life. Those jobs become harder when devices are spread across factories, buildings, utility networks or customer sites. The Pro service brings centralized onboarding, monitoring, connectivity control and lifecycle management into that picture. Its intended users include businesses operating globally connected product fleets, where manual processes and separate country-level systems introduce operational risks such as inconsistent security policies and unmonitored data overages. GSMA Intelligence forecasts that global IoT connections will reach 40.8 billion by 2030, with enterprise deployments representing 65% of connections that year (source). Smart buildings, manufacturing and utilities are among the leading growth areas. Meanwhile, connected IoT devices are expected to reach 21.1 billion worldwide by the end of 2025, an increase of 14% year over year. Cellular IoT represents about 22% of total connections, and cellular technologies represented 45.8% of managed endpoints in 2025 (source). Those figures help explain why operators are expanding beyond SIM sales into broader fleet administration. insight.tmcnet.com/insight/n…
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Cloud capacity is becoming a central piece of economic policy across the Gulf, and Microsoft is placing a large bet on that direction. Its latest commitment covers infrastructure, regional operations, connectivity, workforce development, and resilience rather than data-center construction alone. According to Reuters, Microsoft plans to invest more than $10 billion through 2030 across the UAE, Saudi Arabia, Qatar, and Kuwait. Roughly $2 billion may represent additional spending beyond a previously announced $7.9 billion commitment in the UAE. That distinction matters because the headline total combines both new and earlier commitments rather than describing one entirely new construction program. Microsoft says the package consists of capital and operating expenses. In practical terms, spending could extend from physical cloud and AI infrastructure to staffing, service delivery, security, maintenance, and local business operations. Microsoft Azure and OpenAI-enabled Azure AI services are positioned as important parts of the wider regional strategy. Computing capacity is only useful if organizations can reach it reliably. Microsoft has allocated more than $400 million to subsea cables and terrestrial connectivity. Those links can support cloud availability across national borders, provide alternative network routes, and improve disaster-recovery options when a cable or local connection is disrupted. The connectivity component also reveals how the cloud market is changing. A regional deployment is not simply a collection of server buildings. It depends on power, fiber routes, operational expertise, cybersecurity controls, and agreements governing where data may be stored or processed. In regulated sectors, customers may also seek clarity about which personnel can access sensitive workloads. insight.tmcnet.com/insight/m…
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Startups once treated disaster recovery as a problem for later. That approach is becoming difficult to defend. Even a relatively young company may depend on cloud infrastructure, SaaS applications, distributed employees, third-party APIs, and identity services. A single customer-facing application can span several of them. That creates an awkward reality: a database backup may be healthy while the business remains unable to operate. Enterprise customers also bring contractual expectations. They may ask a startup about recovery testing, incident response, data retention, and business continuity before signing or renewing an agreement. Investors and insurers may raise similar questions. Disaster recovery is no longer only an IT hygiene project. It can affect revenue, compliance, and sales readiness. The starting point should be business impact. NIST SP 800-34 Rev. 1 frames contingency planning around policy, business-impact analysis, preventive controls, recovery strategies, plan development, testing, and maintenance. ISO 22301:2019 expands its scope to include business continuity management, encompassing organizational processes for technology recovery. insight.tmcnet.com/insight/h…
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Ringg is scaling its multilingual AI agent platform around measurable customer-service outcomes, reporting more than 7 million connected calls each month and automation of up to 65% of routine inquiries without human involvement. The numbers point to a practical shift in enterprise AI. Rather than positioning voice agents mainly as demonstrations of natural conversation, the company is tying its platform to operating measures such as resolution rates, response times, appointment bookings, and customer satisfaction. That is the language contact-center leaders understand. There is an important qualification. The 65% figure comes from a vendor-reported customer story covered by Tech Meridian, not an independently audited industry study. The available material does not define the denominator for routine inquiries or disclose how unsuccessful, abandoned, or transferred interactions are classified. Results can also differ by workflow, language, customer population, and the quality of underlying business data. Still, processing more than 7 million connected calls monthly indicates that the platform is operating beyond limited pilots. The vendor also reports an average customer-satisfaction score of 4.8 among customers using its agents. That measure provides a directional performance signal, though its interpretation depends on the scoring methodology, response rate, and the points in the interaction where feedback is requested. Practo offers a more concrete view of what deployment can look like. The healthcare platform reports 85% first-call resolution, response times below three seconds, and more than 1,000 appointment bookings each day through Ringg. Those are customer-specific operating metrics, not a promise that another organization will reproduce the exact same performance. Healthcare appointment scheduling is structured enough to automate, but sensitive enough to expose weak system design quickly. An agent may need to understand accents, switch languages, confirm availability, update a booking system, and recognize when the caller is describing an urgent medical concern rather than requesting a routine appointment. Fast answers matter. Safe handoffs matter more. System integrations address these requirements by connecting voice applications directly to core enterprise data. SIP, or Session Initiation Protocol, provides the principal signaling layer for connecting voice agents with telephony infrastructure. Enterprise deployments may also need access to scheduling systems, customer records, identity controls, analytics, and contact-center products such as Salesforce Service Cloud Voice. A fluent conversation has limited value if the agent cannot complete the requested transaction or preserve context during escalation. insight.tmcnet.com/insight/r…
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Operational analytics is the governed use of transaction, property, and communications data to guide decisions as events occur. Hospitality, travel, and real-estate buyers should prioritize auditable integrations, actionable alerts, data residency, and measurable outcomes over standalone dashboards. Large hospitality and property portfolios can generate thousands of daily interactions, including reservation calls, maintenance requests, leasing inquiries, guest complaints, vendor conversations, and pricing decisions. Much of the resulting information remains separated from traditional business intelligence systems. How Real-Time Analytics Supports Hospitality Operations The separation between operational interactions and business intelligence is becoming harder to tolerate. Margins are tight, customer expectations change quickly, and small variations in occupancy, room rates, lease velocity, or service response can materially affect performance. Industry data shows organizations are focusing on practical applications, especially business intelligence, pricing, investment analysis, and operational efficiency. The objective is not simply to add another dashboard. It is to establish a governed analytics environment that combines transaction data with real-time communications and customer sentiment. For enterprise and mid-market buyers, that means evaluating architecture, integrations, data residency, the geographic location where information is stored and processed, alert quality, and adoption alongside model sophistication. A practical strategy usually begins with a narrow operational problem, reliable data, and a clearly defined action when an insight appears. Why Analytics Is an Operating Priority The business case is visible in hotel performance data. According to a report from PwC and the Urban Land Institute, U.S. hotel revenue per available room (RevPAR) rose just 0.2% year to date through August 2025. A 1.0% increase in average daily rate (ADR) was largely offset by a 0.8% decline in occupancy. In that environment, broad monthly reporting is insufficient. Leaders need to understand demand by property, channel, customer segment, and booking window. insight.tmcnet.com/insight/u…
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Accurate - privacy died so long ago - sadly.
People saying "I'd never give Muse/Meta access to my Gmail, Calendar, etc" is the 2026 version of "I'll never put my credit card on the internet."
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Time for @realDailyWire to pick up @mariabartaromo - this move would add legitimacy in the business world and gets them access to interviews they would never get otherwise. Match made in heaven.
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Great read from Jeff
The World is Changing: AI For Creativity By Jeffrey Katzenberg A few months ago, I sat in my office in Silicon Valley and watched as a tech founder showed me something extraordinary. On the screen was a fully realized, beautifully lit, well-composed animated scene. It was stunning and it made me feel exactly what I felt in 1986 watching Luxo Jr. That was the first time I watched a computer-animated 3D character take a breath and seem, against all reason, to have life. It left me in awe. Later that day, I received a text from an artist I've known for thirty years, 350 miles to the south, in the city where I spent most of my career. After seeing a similar video, she texted: "Is this the end of us?" My answer was, "Certainly not.” I have spent the better part of the last decade in Silicon Valley, but the heart of my career has been in Hollywood. Being deeply connected to both worlds means I have deep loyalties to each and a responsibility to speak honestly to both. In 2023, I said that these new AI tools would cut the time and cost of producing world-class animation by as much as ninety percent within three years. Some colleagues were alarmed, many were furious. There is growing fear and resistance surrounding AI within the creative community. I deeply understand it, because I've spent countless hours walking through animation studios watching gifted artists bent over their desks, rebuilding a single second of film for the tenth time because the ninth version wasn't quite right. I've sat in screening rooms where four years of people's labor played out in minutes, and I knew the name of every person that had spent countless hours bringing those images to life. The creative process is a calling, there's really no other way to describe it. From the outside some see resistance. From the inside, it is love. People do not fight this hard for things they don't care about. The pushback coming out of Hollywood represents the collective effort of people who are deeply passionate about their craft. Is History Repeating Itself? The history here is more complicated than either side may realize. In 1906, the most famous composer in America, John Philip Sousa, published an essay titled “The Menace of Mechanical Music." He warned that the phonograph would become "a substitute for human skill, intelligence and soul." Sousa's fight was not really about the machine, it was about money. The machines were playing his compositions, and the men who built them weren't paying him a cent. His campaign helped create the Copyright Act of 1909. He did not stop the technology. He changed the terms under which it could use his work. A hundred years ago, sound came to the movies. We remember it now as a miracle, and it was. What we forget is who paid for it. Before sound, tens of thousands of musicians made their living in the orchestra pits of movie houses, scoring every film live, every night, in towns all over the world. When the soundtrack arrived, the work of one composer and one orchestra was recorded for a film that went into thousands of theaters. The union fought back with everything it had, taking out newspaper ads across the country warning against the menace of "canned music," one of them showing a mechanical man tearing the strings out of a harp while an angel wept. They were not fools, and they were not Luddites. They were right. Those pit jobs did not come back. And yet (this is the part we have to be brave enough to admit), sound gave us the movie musical, the modern score, sfx, sound design, audio engineering, and an art form vastly larger than the one it disrupted. And it helped keep Hollywood in the forefront of world entertainment for the rest of the century and into the next. The loss was real. And yet the art form expanded. This is a story that has been told over and over again. To resist technology is to risk irrelevance. Just look at Kodak or Blockbuster. To embrace technology is to open doors of new possibility. Just consider Apple and Netflix. What I Learned From Walt Disney In the mid-1980s, I was tapped to lead Disney's animation division at a moment when the studio was at an inflection point. Animation wasn't just another business unit. It was the soul of the company, a medium revered because of Walt's genius and his passion. But the production system was cumbersome and unforgiving. A single movie was 125,000 individual hand-drawn and painted cels, photographed one frame at a time. Every revision carried a cost measured in months. These degrees of difficulty shaped the kinds of stories we could tell. We found our way forward in an unexpected place: Walt himself. The Disney archives held astonishing recordings of Walt explaining his creative process. His own writings. His notes and storyboards. Work product captured at every stage of his process. This was truly a gift. Listening, reading, sitting with the work itself, we heard him talk about character, about emotion, about how an audience feels when a character truly comes alive. He talked about making bold choices and refining a scene until it genuinely moved people. We didn't hear a word about pencils or paintbrushes. In fact, Walt was famous for being a technologist, forever hunting for state-of-the-art tools, often inventing them himself to achieve the images he saw in his head. But he never defined animation by the tools. He defined it by whether the audience believed the character. His principles were timeless. The tools were not. That realization changed everything. We co-developed the Computer Animation Production System (CAPS) with a young Northern California company called Pixar, replacing hand-painted cels with CGI. In The Little Mermaid, the final scene shimmered with a dimensionality and light that the old process simply couldn't achieve. In Beauty and the Beast, the ballroom sequence moved with a cinematic sweep that placed the audience inside the emotion of the moment. In Aladdin, the Cave of Wonders felt vast and alive, and the Magic Carpet became an intricate, compelling character all its own. In The Lion King, the stampede carried a scale and intensity that raised the emotional stakes beyond anything we'd done before. Technology didn't diminish the craft, it expanded the canvas. It gave artists more room to create. A decade later, the canvas expanded again. When Disney released Pixar's Toy Story, it wasn't simply a technical milestone. It was proof that a fully computer-animated film could carry real emotional weight, that it could make audiences laugh, cry, and believe. At DreamWorks, we made the difficult decision to sunset hand-drawn animation and become a fully computer-animated studio. It was the right thing to do, but it was not without pain. It cost talented people their place in an industry where they had worked their whole lives. Some made the leap to the new tools and did the finest work of their careers. Some never did. Tools are never the point. The instruments change with every generation. What endures is taste and imagination. The magical ability to make an audience feel. One of the greatest storytellers of our generation, George Lucas, succinctly captured the eternal essence of this issue: “It’s not the how, it’s the why.” A Distinction With a Difference I asked one of the leading AI models a question that has been challenging me for months. What is the difference between reasoning and creating? Its answer changed how I think about almost everything happening in this industry. It said . . . Reasoning and creating are two distinct cognitive modes, though they also work together. Reasoning is fundamentally evaluative and analytical. It operates on what already exists: facts, premises, evidence. It moves toward a conclusion that was in a sense already implied by the input. Reasoning is constrained by logic and truth. Its goal is to arrive somewhere correct, not to invent somewhere new. Creating is fundamentally generative. It produces something that didn't exist before. And crucially, there's no single right answer waiting to be found. A blank page has infinite valid responses. Creation involves choices that can't be fully justified by logic alone. Taste, intuition and vision fill the gap where deduction runs out. Reasoning is what Silicon Valley has been perfecting. Creating is what Hollywood has been practicing for more than a century. AI today operates almost entirely on the reasoning side of the line. It can deduce, evaluate, optimize, and pattern-match brilliantly. And while it can create, there is a real distinction to being creative. What it doesn’t yet have is those things that make us human: empathy, devotion, serendipity, the kind of creativity that comes from a person trying to say something only they could say. When the bot generates a piece of art, it is not trying to communicate anything. It is statistics, not soul; it is emulating things that have been done. By contrast, human creativity isn’t about repeating patterns of zeros and ones; it is about doing something new. One day, AI may close this gap. Three years ago, the leaders building AI would have called what they are achieving today, improbable, if not impossible. Impossible is no longer improbable. Today, the line between reasoning and creating is real. Even the leading technologists acknowledge we are not there yet. There is no scientific path to crossing this divide that anyone in the field can articulate today. Understanding that gap is where we will find common ground. A Path Forward In 2016, I closed one chapter in Hollywood with the sale of DreamWorks and opened another in Northern California, co-founding WndrCo. We’ve backed more than 50 founders building the next generation of technology and watched how breakthroughs in Silicon Valley emerge, first as experiments, then as platforms, and finally as infrastructure that reshapes entire industries. It's worth remembering that the last great revolution in animation also came from the north. Pixar was a Northern California company, forged not in the conventions of the Hollywood studio system, but in the technological breakthroughs of Silicon Valley. I've spent years on both sides of this bridge. For sure, I don’t have all the answers (take Quibi, for one!). But, from my past and present vantage points of my long career, here is what I see . . . Brilliant people in Northern California building this technology have made something extraordinary. They have earned the right for the rest of us to be, if not believers, at least optimistic that what comes next will be remarkable. But they have not made an artist. The tools are powerful, but they are not what makes a story matter. That knowledge lives 350 miles to the south, inside people whose life's work has informed the very models you are building. The right path forward includes them by design, with credit, with consent, and with compensation. Build this with the storytellers. Not on top of them. Taste is not something that can be synthesized, it is uniquely human. At the same time, Hollywood needs to accept that AI is not going away. The energy they are spending trying to make it disappear is energy they are not spending deciding the terms on which it will exist. And the terms are everything. The north needs something from it that they cannot build and cannot buy: creativity. The kind that takes a blank page and conjures a single right answer where there was none and has held audiences for a century. Without it, the most powerful reasoning engine ever invented will still be missing the only thing that makes a story worth telling. The artists who learn to wield these new instruments will do things the engineers never dreamed of. They always have. Edison invented the motion picture but made terrible movies. It took Chaplin, Lloyd, Keaton and so many others to make movies emotional. Now, the canvas is about to expand yet again. We should decide now that we intend to paint on it. There are so many valuable lessons in history. This has happened many times before, and it was never settled by the technology. It was settled by the terms. Sousa did not stop the phonograph; he helped write the law that made sure composers got paid. And two years ago, when the writers and the actors walked out, they were fighting for the very things Sousa was fighting for in 1906. Consent, compensation, the basic recognition that human creative work has a price that must be paid. The terms of that fight are still being negotiated, but the principle is older than any of us. The tools-versus-no-tools argument is a trap. First, we must all agree that there should be terms. Then we can have the crucial debate about what fairness requires. What I Learned From Steve Jobs Years ago, Steve Jobs said, "It's in Apple's DNA that technology alone is not enough. It's technology married with the liberal arts, married with the humanities, that yields us the result that makes our hearts sing." He was describing a device. But he could just as easily have been describing this tale of two cities. What I See Coming Soon As the barriers and the costs come down, more films will get made, not fewer. Studios will get to take more risks. There will be more seats at the table, and very soon entirely new forms of storytelling. In the 1980s, animation was dismissed as a niche corner of the business. Today it is one of the most beloved and profitable forms of storytelling in the world. In live action, filmmakers like Steven Spielberg, James Cameron and Peter Jackson embraced new visual tools not as shortcuts, but as instruments, and expanded cinema in the process. Every time storytelling has met a genuine technological shift, from synchronized sound to color to computer animation, it has redefined the boundaries of the medium and grown larger in the process. Assuredly, I don’t have all the answers, but I am confident that the creative opportunities will expand yet again. How we come through this is a choice. The north has the new tools. The south has the creative soul. The best future will draw on the best of both worlds.
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An Armenian national linked to the Ryuk ransomware gang has been sentenced for participating in attacks that encrypted victim networks and supported extortion demands. Karen Vardanyan received 24 months in federal prison, followed by three years of supervised release. He was also ordered to pay $1,219,106 in restitution, according to The Record. Vardanyan had pleaded guilty to computer fraud and conspiracy charges connected to attacks against U.S. companies and a school during 2019 and 2020. The sentence closes one part of a case involving a ransomware operation that became known for targeting organizations where downtime could quickly translate into financial or operational pressure. Ryuk operators encrypted systems and used that disruption to extract payments from victims. Schools, hospitals, companies, and public institutions have all faced versions of this basic playbook. For business leaders, the age of the underlying attacks does not make the case less relevant. Investigations into cross-border ransomware groups can stretch across years, particularly when operators, infrastructure, victims, and financial transactions are distributed across multiple jurisdictions. Arrests and prosecutions can therefore arrive well after an incident has disappeared from daily security reports. While law enforcement action can raise the cost of participating in ransomware, it does not remove the operational problem for enterprises. Groups can fragment, rebrand, recruit new affiliates, or shift to another ransomware family. Names such as Ryuk, LockBit, and Qilin may dominate headlines at different times, while the underlying model remains familiar: gain access, expand privileges, steal or encrypt data, and apply pressure. The FBI Internet Crime Complaint Center recorded 3,611 ransomware complaints and $32.3 million in reported losses during 2025. Those figures do not capture much of the disruption, recovery spending, lost productivity, legal work, or reputational damage that can follow an attack. The FBI also identified 63 new ransomware variants in 2025, with healthcare, critical manufacturing, and government facilities among the critical-infrastructure sectors most frequently affected. In many cases, attackers do not need an exotic vulnerability to execute these intrusions. Stolen credentials, exposed remote access, delayed patching, weak privilege controls, and gaps in monitoring can provide enough room to establish a foothold. Once inside, an intruder may spend time mapping systems, locating backups, and identifying the assets most likely to create leverage. insight.tmcnet.com/insight/k…
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