Plus: Samsung Electronics and SK Hynix plan to invest $520 billion in a new chip-making hub in South Korea. And Rocket Lab to buy Iridium Communications in a challenge to SpaceX. Julie Chang hosts.
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[00:00:00] [SPEAKER_02] AI transformation is more than a tech initiative. It requires a broader rewiring of human skills and ways of working. Here's Dan Swann, Senior Partner at McKinsey.
[00:00:10] [SPEAKER_03] Dan Swann, Senior Partner at McKinsey One of the biggest unlocks we see is the human being capabilities around the technology. Whereas before you may need to be really good at analysis, now the skill might be how do you prompt these tools to get the right answers and outcomes. And so for us, it's a really big priority to help companies to understand how do you need to change the operating model of your organization and change the underlying capabilities of the people that are interacting with the technology. And when you see that all humming together, it can be really, really special.
[00:00:40] [SPEAKER_02] Discover how McKinsey helps organizations rewire to out-compete with AI at mckinsey.com slash techmoves.
[00:00:47] [SPEAKER_01] This content was created by Custom Content from WSJ, a unit of the Wall Street Journal Advertising Department.
[00:00:58] [SPEAKER_00] Here's your Morning TNB Tech Minute for Monday, June 29th. I'm Julie Chang for the Wall Street Journal. Comcast plans to separate its media and connectivity businesses, creating two separate publicly traded companies it hopes will be better positioned to grow or pursue deals in rapidly evolving industries. The cable giant plans to complete a tax-free spinoff of NBCUniversal and Sky, establishing a pure-play media company.
[00:01:25] [SPEAKER_00] According to people familiar with the matter, Comcast executives began discussing the split in recent weeks. Broadband businesses have been challenged by cell phone carriers offering home broadband service beamed over the air. In media and entertainment, Comcast and its rivals have had to invest heavily into their streaming services but still need greater scale. The separation is expected to be completed within the next year.
[00:01:50] [SPEAKER_00] The South Korean government announced Samsung Electronics and SK Hynix plan to invest over $500 billion in a new chip-making hub, collaborating with the government's push to bring the AI boom to less developed regions. The initiative envisions the creation of four new memory chip plants in the Southwest. Both companies' current production centers are all in the Seoul region. They'll each invest about $260 billion in the new hub.
[00:02:17] [SPEAKER_00] Samsung and SK Hynix are the world's two largest memory chip makers, and now each boast a market capitalization exceeding $1 trillion. And Rocket Lab has agreed to buy Iridium Communications, an $8 billion deal that would give it control over a satellite fleet and access to wireless resources it can use to compete with SpaceX.
[00:02:39] [SPEAKER_00] SpaceX's traction among consumers and government customers with its satellite offerings has heaped pressure on companies looking to compete, prompting a wave of consolidation across the industry. Rocket Lab said the deal would marry its launch and satellite manufacturing capabilities with Iridium's global reach and spectrum holdings. That's your TMB Tech Minute. Join us again this afternoon for more.
[00:03:03] [SPEAKER_02] AI transformation is more than a tech initiative. It requires a broader rewiring of human skills and ways of working. Here's Dan Swann, senior partner at McKinsey.
[00:03:12] [SPEAKER_03] One of the biggest unlocks we see is the human being capabilities around the technology. Whereas before you may need to be really good at analysis, now the skill might be how do you prompt these tools to get the right answers and outcomes. And so for us, it's a really big priority to help companies to understand how do you need to change the operating model of your organization and change the underlying capabilities of the people that are interacting with the technology. And when you see that all humming together, it can be really, really special.
[00:03:43] [SPEAKER_02] Discover how McKinsey helps organizations rewire to out-compete with AI at McKinsey.com slash tech moves.
[00:03:49] [SPEAKER_01] This content was created by custom content from WSJ, a unit of the Wall Street Journal Advertising Department.