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Business, Financial & Legal Posts - Page 1

Apple new headquarters is ready for April's opening

By: Lana Jelic | More News: Business, Financial & Legal | Posted: 3 days, 22 hours ago

Apple has announced the name of their new spaceship-looking headquarters - Apple Park. The 175-acre campus will be ready for employees to begin occupying in April.

 

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Over the next six months until the official opening, more than 12,000 people will move into the futuristic structure.

 

To honor the memory of Steve Jobs, Apple decided to name the theater at Apple Park 'Steve Jobs Theater.'

 

Apple Park will also include a visitors center with an Apple Store and a cafe open to the public.

Continue reading 'Apple new headquarters is ready for April's opening' (full post)

Amazon will deliver packages with drones, and parachutes

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: 1 week, 5 days ago

Amazon already has me excited about the future of deliveries with drones, and even freakin' warehouses floating in the sky - but now the company has filed a patent for drone deliveries, with package parachutes.

 

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CNN reports that the US Patent and Trademark office provided Amazon with a patent that sees the everything giant delivering packages with drones and parachutes. The patent shows Amazon would use drones to delivery packages "at altitude" and "monitor and adjust package trajectory during descent". CNN reports that Amazon's drones could "radio a message to an off-course package, instructing it to deploy a parachute, compressed air canister or landing flap".

 

At the moment drones still need human supervision, but in a future of 'automate all the things', Amazon could be a leader in drone/automated delivery very, very quickly.

Continue reading 'Amazon will deliver packages with drones, and parachutes' (full post)

Husband cheats on wife, sues Uber for $48 million

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Feb 13, 2017 5:29 am

A bit of a light hearted story - well, at least in a way - as a man is suing Uber for causing his divorce. Yeah, you read that right.

 

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The French businessman is suing the ridesharing giant for a huge $48 million, after a notification bug with the Uber app let his wife spy on his whereabouts. The man used his wife's smartphone to order Ubers, and then signed out of the app - but, the notifications continued rolling in, after he thought he had signed out.

 

His wife would've have learned about the affairs from the Uber notifications, with all of his orders, drive names, license plate, and arrival times. His real-time location wouldn't have been tracked, but if he said he'd be working late at the office or catching up with friends for a drink, his wife would know he's lying from his Uber notifications.

 

An Uber spokesperson told French news site Le Figaro: "Uber doesn't comment publicly on individual cases, and especially on cases that involve a divorcing couple".

NVIDIA quarterly revenue skyrockets by 50%

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Feb 10, 2017 2:54 am

NVIDIA is riding yet another record-breaking quarter, reporting a massive 50% in quarterly revenue for the second quarter in a row, beating analysts expectations yet again.

 

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NVIDIA continues to see strong demand for its GPUs and is seeing massive growth in areas like self-driving car technology, and AI. NVIDIA posted $1.9 billion in revenues, with $1.88 billion expected by analysts. NVIDIA's graphics business continues to grow, with $1.85 billion in revenue - an increase of 57%.

 

Analysts expected NVIDIA to hit $2.11 billion of revenue for the three-month period, but the company beat those expectations by hitting $2.17 billion - up from $1.4 billion last quarter.

Vizio sold TV viewing habits without permission

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Feb 7, 2017 9:33 am

Vizio has been tracking, selling your TV viewing habits - in something that we've found out from a settlement with the FTC and the New Jersey Attorney General, costing Vizio a swift $2.2 million.

 

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The $2.2 million settlement will settle the state and federal charges placed against Vizio, as the company were busted installing software on 11 million smart TVs to track viewing histories, all without consumer knowledge. Vizio is being order ed to delete any user data that was scooped up before March 1, 2016.

 

Vizio was busted working with a third-party company to build its smart TVs that were capable of capturing "second-by-second" viewing information about what's being displayed on the screen. This information captured includes what was on your cable, internet, set-top boxes, DVD players, over-the-air broadcasts, and other streaming devices.

 

FTC senior attorney Lesley Fair says that Vizio have been tracking users on their smart TVs since 2014, with Fair adding that Vizio were selling the viewing data to advertisers. This data included IP addresses that could be matched to the owner, and household.

 

Furthermore, third parties could use the information to secure personal data such as sex, age, income, marital status, household size, education, and home ownership. But don't worry, Vizio didn't allow the companies it was working with to identify users by name, but it did allow those third parties to track user habits across devices", reports Engadget.

DRM giant forgets to secure server, log files leaked

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Feb 7, 2017 6:48 am

Denuvo has been in the headlines lately with the DRM-maker being a part of some of the biggest games of the last 12 months, and now the company is faking something very different - with a massive chunk of private web-form messages being leaked.

 

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The first messages appeared on 4chan, with the messages including contact between game developers and Denuvo. The 11MB file has messages from Denuvo's public contact form, with messages from all the way back to April 25, 2014 - furthermore, it seems like their web database content is totally unsecured, with root directors for "fileadmin" and "logs" opened at the time of writing.

 

There are also messages from game developers like 343 Industries asking Denuvo about applying their DRM tech to Halo Wars games on the PC, Harmonix Games asked about an in-person meeting during GDC this year, and Capcom asked for a few things, too. Other developers including Ninja Theory and TaleWords also saw their private messages with Denuvo opened to the world.

Minecraft used to pitch Gigafactory facility to Tesla

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Feb 7, 2017 5:00 am

Minecraft has been used in a way that I didn't expect, with Lithuania using the game to pitch Tesla on their new Gigafactory facility.

 

 

The Northern European country wants to be the home of Gigafactory 2 facility, with the video above showing a cinematic time lapse of the facility's construction, while the country provides some details on why Lithuania is a great destination.

 

Tesla loved it, tweeting the video out a couple of days ago.

Continue reading 'Minecraft used to pitch Gigafactory facility to Tesla' (full post)

AMD hits LG, Vizio products with patent infringement

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Feb 7, 2017 4:07 am

AMD is getting confident against some very large companies over a patent infringement, with LG, MediaTek, Vizio, and Sigma Designs all in AMD's crosshairs right now.

 

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AMD filed the claim last month, saying that the four companies are manufacturing products that infringe on two patents filed by ATI, and one owned by AMD as well. The patent infringements claim that the companies are infringements with unified shaders, graphics processing architecture, and parallel pipeline graphics systems.

 

An interesting take on AMD's pursuit is that MediaTek, LG, Vizio, and Sigma Designs normally license their GPU technology from third-party companies like Imagination and ARM. AMD is now suing the manufacturers direct, versus the physical products that the companies are making. AMD is alleging that the infringed products include MediaTek's Helio P10 processor that powers a few LG smartphones, while the Sigma Design SX7 (STV7701) processor for 4K TVs with HDR support, something Vizio uses inside of their high-end TVs.

 

AMD also makes a note about Samsung and GlobalFoundries having licensed the IP covered by the infringed patents, continuing that anyone infringing on its patents damages the legitimate licensees of AMD's IP. AMD is aiming for the infringing devices banned from import and sale in the US, which would affect many different products between LG and Vizio.

AMD shares up 16% riding upcoming Ryzen, Vega waves

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Feb 3, 2017 2:54 am

AMD had quite the year in 2016, splitting its GPU division off into the successful Radeon Technologies Group, with the newly-focused RTG team quickly jumping into action with the Polaris unveil, launch, and now the new cycle is coming in for Vega in 2017.

 

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Consumers and investors are also excited for AMD's return to the enthusiast CPU arena with their upcoming Ryzen processors, with AMD shares increasing after their Q1 2017 financial results. The company pulled in $1.1 billion in revenue, beating analysts' expectations of around $1.07 billion, and quarterly losses of 1c per share - lower than analysts' expectations of 2x per share.

 

This resulted in a 16% increase in AMD shares from $10.40 or so, to $11.60 each. AMD President and CEO Lisa Su said in a press release: "We met our strategic objectives in 2016, successfully executing our product roadmaps, regaining share in key markets, strengthening our financial foundation, and delivering annual revenue growth. As we enter 2017, we are well positioned and on-track to deliver our strongest set of high-performance computing and graphics products in more than a decade".

Continue reading 'AMD shares up 16% riding upcoming Ryzen, Vega waves' (full post)

Apple overthrows Samsung as top smartphone vendor in Q4

By: Lana Jelic | More News: Business, Financial & Legal | Posted: Feb 1, 2017 7:52 pm

Apple overtook Samsung's #1 position in Q4 and became top global smartphone vendor in the world.

 

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According to a report from Strategy Analytics, Apple sold around 800,000 units more than Samsung in Q4 2016. Apple shipped 78.3 million smartphones worldwide and captured 18% market share in Q4 2016, rising 5% annually from 74.8 million units in Q4 2015. This was the iPhone's best performance in over a year.

 

Playing a huge role in this was Samsung's fiasco with the Galaxy Note7. The Korean company shipped 77.5 million units worldwide, around 800,000 less than Apple.

 

Strategy Analytics reports that Samsung captured a bit less than 18% market share for the quarter and 21% share for the full year, its lowest level since 2011.

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