Speaking of Australia, its government has introduced content quotas on global streamers. From a report: The rules require Netflix, Prime Video and the other global streamers with more than one million Australian subscribers to spend 10% of their total Australian expenditure -- or 7.5% of their revenues -- on local originals, whether they are dramas, children's shows, docs, or arts and educational programs.

Following the announcement, the legislation will be introduced into the Australian parliament. Australia's Labor government has long planned to being in the quotas as part of its Revive cultural policy, but months and months of delays had left the local industry wondering how committed their political leaders were to the plan. Global streamers have broadly rejected the necessity of quotas, claiming their local investment in content and jobs offsets them.

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Apple is preparing to enter the low-cost laptop market for the first time, developing a budget Mac aimed at luring away customers from Chromebooks and entry-level Windows PCs. Bloomberg News: The new device -- designed for students, businesses and casual users -- will target people who primarily browse the web, work on documents or conduct light media editing, according to people familiar with the matter.

[...] Apple plans to sell the new machine for well under $1,000 by using less-advanced components. The laptop will rely on an iPhone processor and a lower-end LCD display. The screen will also be the smallest of any current Mac, coming in at slightly below the 13.6-inch one used in the MacBook Air. This would mark the first time that Apple has used an iPhone processor in a Mac, rather than a chip designed specifically for a computer. But internal tests have shown that the smartphone chip can perform better than the Mac-optimized M1 used in laptops as recently as a few years ago.

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Amazon has sent a cease-and-desist letter to Perplexity AI demanding that the AI search startup stop allowing its AI browser agent, Comet, to make purchases online for users. From a report: The e-commerce giant is accusing Perplexity of committing computer fraud by failing to disclose when its AI agent is shopping on a user's behalf, in violation of Amazon's terms of service, according to people familiar with the letter sent on Friday. The document also said Perplexity's tool degraded the Amazon shopping experience and introduced privacy vulnerabilities, said the people, who spoke on condition of anonymity to discuss internal matters.

In response, Perplexity said Amazon is bullying a smaller competitor with a rival AI agent shopping product. The clash between Amazon and Perplexity offers an early glimpse into a looming debate over how to handle the proliferation of so-called AI agents that field more complex tasks online for users, including shopping. Like OpenAI and Alphabet's Google, Perplexity has pushed to rethink the traditional web browser around AI, with the goal of having it streamline more actions for users, such as drafting emails and conducting research.

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Three employees at cybersecurity companies spent years moonlighting as criminal hackers, launching their own ransomware attacks in a plot to extort millions of dollars from victims around the country, US prosecutors alleged in court filings. From a report: Ryan Clifford Goldberg, a former incident response supervisor at Sygnia Consulting, and Kevin Tyler Martin, who was a ransomware negotiator for DigitalMint, were charged with working together to hack five businesses starting in May 2023. In one instance, they, along with a third person, received a ransom payment of nearly $1.3 million worth of cryptocurrency from a medical device company based in Tampa, Florida, according to prosecutors.

The trio worked in a part of the cybersecurity industry that has sprung up to help companies negotiate with hackers to unfreeze their computer networks -- sometimes by paying ransom. They are also accused of sharing their illicit profits with the developers of the type of ransomware they allegedly used on their victims. DigitalMint informed some customers about the charges last week, according to a document seen by Bloomberg News.

The other person who was allegedly involved in the scheme was also a ransomware negotiator at the same firm as Martin but wasn't charged, according to court records. The person wasn't identified in court records, nor were the companies that were the defendants' former employers. Sygnia confirmed Goldberg had worked there. Martin last year gave a talk at a law school, which listed him as an employee of DigitalMint.

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IBM will cut thousands of roles this quarter while it continues to shift focus to higher-growth software and services, Bloomberg News reported on Tuesday. From a report: "We routinely review our workforce through this lens and at times rebalance accordingly," Bloomberg quoted a company spokesperson saying. "In the fourth quarter we are executing an action that will impact a low single-digit percentage of our global workforce."

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