Anthropic enters the enterprise chat
Today: Anthropic throws its hat in the enterprise AI ring, AT&T has had it with Broadcom's changes to VMware licensing, and the latest moves in enterprise tech.
Today: how far will federal regulators go when urging tech companies to secure their services, SUSE takes the private equity exit ramp, and the quote of the week.
Welcome to Runtime! Today: how far will federal regulators go when urging tech companies to secure their services, SUSE takes the private equity exit ramp, and the quote of the week.
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The push to improve software security in the early days of the Biden administration was probably overdue, given how deeply the modern economy depends on enterprise software. That initiative followed the devastating SolarWinds supply-chain hack, and recent events such as the Microsoft Azure AD debacle underscore that much work remains to be done to give federal agencies and enterprise tech customers more tools to defend themselves.
But so far this effort has involved a lot of carrots and few sticks, excluding the requirement that companies looking to do business with the federal government attest to the security of their software (which was delayed because the government hasn't finalized the form yet). This week CISA introduced new guidelines for users of remote monitoring and management software that basically suggests everybody should be talking to each other more often.
There's no question that more education and information sharing is needed in cybersecurity, where the people responsible for managing these systems can be reluctant to share details about threats and compromises out of competitive pressures or embarrassment.
Still, any attempt by the government to regulate strict security standards in software development would likely be doomed from the start.
The Biden administration deserves credit for taking a closer look at cybersecurity standards and practices, but there might only be so much it can do to enforce software security
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The boom in private equity investment in enterprise tech over the last decade has focused primarily on SaaS companies. Now SUSE, which went public on the German stock market less than two years ago, will become a private company once again.
EQT Partners, which already owned 79% of the company's shares, offered SUSE shareholders €16 per share for the remainder on Thursday. That's well below the IPO price of €30 that accompanied its 2021 public offering, but a 67% premium over where the stock closed Thursday.
SUSE has a lot on its plate this year after vowing to fork Red Hat Enterprise Linux following Red Hat's decision to stop providing a copy of its distribution to clone makers. That effort could require significant investment that public shareholders might not have appreciated, but the reward could be substantial.
"I think there's a very good discipline with being a publicly managed company." — Redis CEO Rowan Trollope, who won't be offered a job in private equity any time soon.
Meta will court developers with its own version of a LLM-powered coding assistant, according to The Information.
Google announced plans to start BigQuery users for data egress across regions as of September 15th, which is not very far away.
Intel laid off 300 employees working in cloud computing and AI groups in California, CRN reported.
HashiCorp enables your business to reduce risk with automated governance and identity-based access helping to ensure that sensitive information doesn't fall into the wrong hands. Learn more about how HashiCorp delivers the security to help reduce risk and scale your cloud operating model today.
Thanks for reading — see you Tuesday!