Tech content trusted by users in North America and around the world
6,894 Reviews & Articles | 48,521 News Posts
TRENDING NOW: AMD's next-gen Opteron to have 32 cores, 8-channel DDR4 support

TweakTown News

Refine News by Category:

Business, Financial & Legal Posts - Page 12

CG Spectrum offers $500k AU in scholarships to help Aussie VFX artists

By: Chris Smith | More News: Business, Financial & Legal | Posted: Oct 26, 2015 10:29 am

In order to help develop and grow the Australian VFX industry, CG Spectrum, a college of digital art and animation, is offering up $500,000 AU worth of scholarships in order to "unearth the next Aussie dev talent."

 

cg-specttum-offers-500k-au-scholarships-help-aussie-vfx-artists_045

 

As seen in a recent media release, this college will be offering these scholarships in unison with PAX Australia, setting out to scope indie developers and sole traders alike at the expo which kicks off this Friday.

 

The $500,000 AU budget will be spread over 20 scholarships in total, setting out to find developers with a potential for greatness. Said to be conducted "alongside local game development studios," more information on these scholarships can be found here.

NVIDIA's Director of Deep Learning, Jonathan Cohen, joins Apple

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Oct 26, 2015 7:33 am

Apple has not formally announced its automotive plans, but the company has just hired Jonathan Cohen. Cohen, until recently, had worked at NVIDIA as the Director of Deep Learning, you know - AI.

 

nvidias-director-deep-learning-jonathan-cohen-joins-apple_06

 

Cohen's LinkedIn profile mentions that he is working on "software" with Apple, and nothing else. His recent position at NVIDIA had him working on vehicle technology like Drive PX, which is a camera-based autopilot system for cars that is capable of identifying and reacting to specific vehicle types.

Toshiba rumored to be selling its camera sensor division to Sony

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Oct 25, 2015 11:35 am

With Sony doing incredibly well with its camera sensor business, it should come as no surprise that troubled Japanese rival Toshiba is rumored to be selling its camera sensor business to Sony.

 

toshiba-rumored-selling-camera-sensor-division-sony_07

 

The news is coming from Bloomberg, the Japan Times and Reuters - so we have some credit behind the rumors. Toshiba is rumored to be selling its camera sensor business to Sony for a cool $165 million in order to raise money, but neither side is talking about it just yet. Toshiba has been bleeding customers for its camera sensors, with the latest customer being HTC and the One M9 smartphone with its 20-megapixel snapper.

AMD reportedly lost its CPU architect, Jim Keller, to Samsung

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Oct 25, 2015 9:25 am

Last month, Jim Keller left AMD as their CPU architect, with the last of his work being done on the Zen architecture. Keller had helped AMD with their K7 and K8 architectures, which were some of AMD's more golden times in the CPU market.

 

amd-reportedly-lost-cpu-architect-jim-keller-samsung_06

 

It's now being rumored that Keller has joined Samsung, where he'll begin work in the mobile processor division. Keller has previously worked on mobile processors, where he helped out on the iPhone 4 and iPhone 4S with Apple's A4 and A5S processors, respectively. The news of Keller joining Samsung is big, as he will be working out of their R&D centers in Austin, Texas.

 

Keller should further develop Samsung's already great mobile offerings, especially since the South Korean giant is on the forefront of 14nm FinFET technology.

Logitech posts best retail sales growth since 2010

By: Chris Smith | More News: Business, Financial & Legal | Posted: Oct 22, 2015 6:27 pm

As part of Logitech's second quarter Fiscal Year 2016 report they announced some stellar results, claiming to have acheived the best retail sales growth since 2010.

 

logitech-posts-best-retail-sales-growth-2010_022

 

With Q2 sales being a total of $540 million, Logitech marked a two percent rise compared to last year, matched with a Q2 non-GAAP operating income of $42 million, showing a retail sales performance rise of 12 percent overall.

 

Logitech president and CEO Bracken P. Darrell is happy with these results, elaborating that his company saw a 9 percent rise in sales though the American market, 7 percent in EMEA and a massive 26 percent in Asia Pacific. In addition to this, Darrell pinpointed that Logitech saw "Gaming, Video Collaboration and Mobile Speakers" all growing by a massive 50 percent each.

Vivendi buys 6.6% of Ubisoft stock, Ubisoft boss says it's 'unwelcome'

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Oct 22, 2015 10:32 am

Vivendi has just secured itself a 6.6% chunk in Ubisoft, buying a huge $159 million stake in the French studio. Ubisoft CEO Yves Guillemot has said that "Vivendi and his [sic] chairman" had a reputation for "aggressively pursuing companies within the entertainment sector".

 

vivendi-buys-6-ubisoft-stock-boss-unwelcome_01

 

Guillemot said that Vivendi's investment was "unsolicited and unwelcome", where he said: "Our intention is and has always been to remain independent, a value which, for 30 years, has allowed us to innovate, take risks, create beloved franchises for players around the world, and which has helped the company grow into the leader it is today". Guillemot added: "We're going to fight to preserve our independence. We should not let this situation - nor any future actions by Vivendi or others - distract us from our goals. Our best defence is to stay focused on what we have always done best - deliver the most original and memorable gaming experiences".

 

In an email that GamesIndustry.biz were supplied with, Guillemot explained that a possible takeover of Ubisoft would be "managed by people who don't understand our expertise and what it takes to succeed in this industry".

Western Digital set to acquire SanDisk for $19 billion

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Oct 21, 2015 12:24 pm

Western Digital has announced it is acquiring flash memory manufacturer SanDisk in a deal worth $19 billion. Western Digital currently makes HDDs and SSDs for various PCs, laptops, and servers - but this new deal will give them better fighting power against its competition.

 

western-digital-set-acquire-sandisk-19-billion_01

 

Both companies are run from California, with SanDisk being a long-time partner of one of WD's main rivals; Toshiba. This deal struck between WD and SanDisk will reportedly not affect the deal between SanDisk and Toshiba. There needs to be some regulatory sign-offs on the deal, but expect a full announcement sometime next year.

Hideo Kojima hasn't left Konami, he's just on holidays, says Konami

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Oct 21, 2015 4:34 am

It was only yesterday that we reported that Hideo Kojima had left Konami after a huge 29-year stint, but according to Konami, he's taking a long deserved vacation.

 

hideo-kojima-left-konami-holidays_05

 

Konami denied Kojima left the studio to Japanese site Tokyo Sports, which Kotaku translated: "Currently, Kojima is listed as a company employee" according to a Konami spokesperson. But there was a purported farewell party for Kojima, and then the Konami spokesperson shot those rumors down, adding: "We're not sure what kind of thing this was".

 

 

How long will the Konami team be off enjoy their vacation time after pumping away at Metal Gear Solid V: The Phantom Pain? Konami doesn't know. But New Yorker contributor Simon Parkin, who broke the story on his "Kojima has left the building" story, shared a photo of the purported goodbye party for Kojima at Kojima Productions. The photo above is from the purported party, but Konami denies it took place.

Apple ordered to pay $234m in patent infringement case

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Oct 20, 2015 3:49 pm

Earlier we reported Apple was being sued for patent-related damages by the Wisconsin Alumni Research Foundation, and that the jury had ruled the claim -- which concerned processor efficiency technology in the iPhone 5s, 6 and 6 Plus -- was valid. Now, damages have been set at $234m. This is much less than the original $862m asked, as it's been determined Apple did not willfully violate the patent.

 

apple-ordered-pay-234m-patent-infringement-case_1

 

Managing director of the Wisconsin Alumni Research Foundation had this to say: "This is a case where the hard work of our university researchers and the integrity of patenting and licensing discoveries has prevailed. The jury recognised the seminal computer processing work that took place on our campus."

 

An additional lawsuit making the same claim but concerning the 6S and 6S Plus has been filed, too. Between this win and another against Intel in 2008 for the same claim, the Foundation is favored.

Hideo Kojima has officially left Konami after 29 years

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Oct 20, 2015 1:31 am

After 29 years of making games for Konami like the 'Metal Gear' franchise, infamous game creator Hideo Kojima is finished.

 

hideo-kojima-officially-left-konami-29-years_01

 

The New Yorker reports that Kojima's last day was October 9, with his resignation meaning he also no longer works with Kojima Productions. Kojima Productions being a Konami-owned studio that he opened back in 2005. We knew that Kojima would leave the studio after Metal Gear Solid V: The Phantom Pain launched, but with the awesome Silent Hills being teased, the world thought he would stay.

 

Silent Hills was completely scrapped by the studio, and Kojima's name was ripped from the box art on Metal Gear Solid V, which showed just how far Konami was going with getting rid of Kojima.

Subscribe to our Newsletter

Latest News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases