Disney Names Josh D’Amaro as New CEO, Set to Receive $45 Million Pay Package
Josh D’Amaro was named the new CEO of Walt Disney, poised to receive a lucrative pay package valued at approximately $45 million for his first year, according to a recent announcement from Disney. D’Amaro will also benefit from a "clean break" with outgoing CEO Bob Iger, who is set to fully depart from the company at the end of the year, according to Fortune.
Iger will step down from the board's executive committee after the annual shareholder meeting next month on March 18, Fortune reported. After D’Amaro takes over next month, Iger's employment will transition into an advisory role, reporting exclusively to the new CEO, according to Disney's announcement.
AMD Hints at 2027 Launch for Next-Gen Xbox
In other tech news, AMD hinted that Microsoft could launch its next-generation Xbox console in 2027. According to The Verge, Microsoft confirmed last year that it is working on a next-gen Xbox console in partnership with AMD. AMD CEO Lisa Su stated that development of Microsoft's next-gen Xbox, featuring an AMD semi-custom SoC, is progressing well to support a launch in 2027, The Verge reported.
Adobe Reverses Course, Will Maintain Animate
Adobe is no longer planning to discontinue Adobe Animate on March 1st, The Verge reported. The company stated in an FAQ that Animate will now be in maintenance mode and that it has no plans to discontinue or remove access to the app. Animate will still receive ongoing security and bug fixes and will still be available for both new and existing users, but it won't get new features, according to The Verge.
Vercel Rebuilds v0 for Production-Ready AI Code
Vercel rebuilt its v0 service to focus on connecting AI-generated code to existing production infrastructure, VentureBeat reported. The original v0, launched in 2024, aimed to help developers create early versions of applications, solving the "blank canvas problem," according to VentureBeat. While over 4 million people have used v0 to build prototypes, the platform lacked elements required for production.
Biotechnology Could Help Extract Metals from Aging Mines
As demand for metals like nickel and copper increases, biotechnology could play a role in extracting these resources from aging mines, according to MIT Technology Review. The only active nickel mine in the US, located in Michigan's Upper Peninsula, is nearing the end of its life, and nickel concentration is falling, MIT Technology Review reported. Biotechnology could offer a solution to extract metal needed for cleantech.
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