Avago Technologies is buying rival chipmaker Broadcom in a deal worth $37 billion, the industry’s biggest takeover ever. This deal presages further waves of consolidation as competition over the Internet of Things heats up.
While critics fret that Silicon Valley has taken the “embrace failure” ethos too far, European leaders worry that perceived fear of failure is holding innovation back. Now they’re out to change the culture: In Germany, the mission of one high-powered lobbying group is to teach schoolchildren that it’s okay to fail.
After a five-year slump, U.S. entrepreneurial activity is on the rise again. The biggest gains by age have been among late-wave Boomers (55- to 64-year-olds), who made up 26% of new business owners in 2014 (compared to 15% in 1996).
CBS CEO Les Moonves says the company may partner with Apple for an Internet TV deal, citing that such a deal would be more lucrative than a cable company partnership. Network executives apparently realize that despite telecoms’ industry dominance, Internet TV is the way of the future.
Neil Howe concludes his interview at the St Louis Fed with some key takeaways.