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Qualcomm rejects Broadcom’s $121 billion bid Next Story This Old House launches its DIY website House One The largest tech acquisition offer in history wasn’t enough. Qualcomm’s board of directors issued a statement on Thursday saying that they are turning down Broadcom’s $121 billion bid to buy the competing chipmaker. According to the release, Qualcomm “unanimously rejected” an “unsolicited proposal” to buy all of its shares at $82 each, of which $60 would be cash and $22 stock. Broadcom made the revised offer on Monday, up from the previously proposed deal price of $70 per share. Qualcomm says that it is still undervalued at $121 billion. The board wrote a letter to Broadcom, stating it is worth more, specifically because “your proposal ascribes no value to our  accretive NXP acquisition , no value for the expected resolution of our current licensing disputes and no value for the significant opportunity in 5G. Your proposal is inferior relative to o

10 Davos stories you might have missed Canada's Prime Minister Justin Trudeau and Nobel laureate Malala Yousafzai in Davos Image: REUTERS/Denis Balibouse Cate Blanchett gave a moving account of the refugee crisis In an emotional moment, Cate Blanchett  told one family’s story  of the refugee crisis. A Syrian family of eight from Homs spent 18 months internally displaced, before deciding to leave the country. As they approached the border, they were fired at. The father "had the choice to carry his suitcases or his children" Blanchett said, almost in tears. "He had to carry his children." Developed countries have only resettled 1% of the world’s 65 million displaced people, the actor highlighted. Developing countries are bearing the burden of the remaining 99%. Blanchett, who is a UNHCR goodwill ambassador, received a  WEF Crystal Award at Davos for her leadership in raising awareness of the refugee crisis.

Meet Penny, an AI tool that can predict wealth from space If a machine could design the perfect city, what would it look like from space? Image: REUTERS/NASA/Tim Peak Since emerging as a species we have seen the world through only human eyes. Over the last few decades, we have added satellite imagery to that terrestrial viewpoint. Now, with recent advances in Artificial Intelligence (AI), we are not only able to see more from space but to see the world in new ways too. One example is “Penny”, a new AI platform that from space can predict median income of an area on Earth. It may even help us make cities smarter than is humanly possible. We’re already using machines to make sense of the world as it is; the possibility before us is that machines help us create a world as it should be and have us question the nature of the thinking behind its design. Penny is a free tool built using high-resolution imagery from DigitalGlobe, income data from the US census, neural