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Business, Financial & Legal Posts - Page 2

ZeniMax could secure $4 billion from Oculus in court

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jan 31, 2017 5:21 am

Oculus has been stuck in real life court for the last few weeks, defending itself against claims that it stolen precious code from ZeniMax, in a lawsuit that could now be worth a hefty $4 billion.

 

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Polygon has reported that the closing arguments have been made, and the case is now in the jury's hands. It will now be decided if Oculus CTO John Carmack stole IP from ZeniMax and had it with him when he joined Oculus in 2013, and in the closing arguments - ZeniMax doubled the damages it was seeking - from $2 billion, to a total of $4 billion.

 

ZeniMax are the owners of id Software - the creators of DOOM, Quake, and more - the developer John Carmack worked for until he jumped ship for Oculus. It's being argued that Oculus co-founder Palmer Luckey didn't have the technical expertise to built the Rift, without needing Carmack's help.

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iPhone is no longer top-selling smartphone in China

By: Lana Jelic | More News: Business, Financial & Legal | Posted: Jan 30, 2017 7:17 pm

A new report from Counterpoint Research shows that Apple's iPhone is no longer the top-selling smartphone in China. The iPhone held this position for the past five years, but it looks like it's time for a new star.

 

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And in China, that star is Oppo's R9. The report says that a total of 17 million units of the R9 were sold in the country last year, which is around 4% of the market share. Apple managed to sell 12 million units, meaning they captured around 2% of the market.

 

Apple became top-selling smartphone in China in 2012, and it held that position for five years. The American company is clearly becoming more vulnerable in China with many Chinese phone manufacturers like Huawei, Oppo, and Xiaomi gaining more fans.

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Hugo Barra leaves Xiaomi to lead Facebook VR team

By: Lana Jelic | More News: Business, Financial & Legal | Posted: Jan 26, 2017 6:06 pm

Just three days after the announcement that Hugo Barra is leaving Xiaomi in February to "embark on a new adventure," it has emerged that the face of Xiaomi (soon to be ex-face of Xiaomi) is joining Facebook.

 

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The news was posted by Mark Zuckerberg on his Facebook where he expressed his excitement about the new member of the Facebook family.

 

Barra will lead Facebook's virtual reality efforts, including the Oculus team.

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China makes The Great Firewall stronger, bans VPNs

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jan 25, 2017 6:54 am

China has just made The Great Firewall much, much stronger - making the use of VPNs in the country illegal.

 

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The use of VPNs and special cable connections throughout China now need government approval, which will see the use of VPN services illegal. Engadget reports that China's Ministry of Industry and Information Technology announced the new rules surrounding VPNs, calling them a "clean-up" of China's internet connections.

 

The Ministry ad ded that the new rules are live immediately, and will be in place until March 31, 2018. It was only in March 2016 that the country had a large-scale crackdown on VPNs, with The Washington Post adding that China's new VPN and cable regulations are "purposefully vague", adding that "experts on China's Internet said the notice seems to take aim at Chinese companies providing VPN services to individuals in China - and not, say, those helping multinational companies connect with their home office".

 

WaPo added some comments from Chinese tech blogger William Long, who said that new rules could increase the data gathered by Chinese VPN providers. Chinese technology companies are already storing the information, with WaPo saying that Long added: "unregistered upstarts providing low-cost VPN accounts on a small scale may now be forced to register and comply - a surefire way do discourage would-be connectors".

Hugo Barra is leaving Xiaomi next month

By: Lana Jelic | More News: Business, Financial & Legal | Posted: Jan 23, 2017 1:19 pm

Hugo Barra, the face of Xiaomi, has announced that he is leaving the company after three and a half years.

 

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Barra said in a social media post that he will return to Silicon Valley, where he was formerly Google's Vice President of Android Product Management until he joined Xiaomi, to "embark on a new adventure."

 

 

In a long post, Barra explained how he misses his life, friends, and family in Silicon Valley, and that lead him to this decision.

 

As I thought about this late last year, I concluded that Xiaomi is in a very good place on its global expansion path, and if there was ever going to be a good time for me to come back home, that time is now - when I can confidently say our global business is no longer just an in-house startup. We turned India from a dream into Xiaomi's largest international market with $1 billion in annual revenues, faster than any company in India's history. We expanded into Indonesia, Singapore, Malaysia, and more recently 20 other markets including Russia, Mexico, and Poland. We teamed up with Google to launch our first official product in the US, and with our successful debut at CES 2017 - where we won 3 prestigious awards - the world now sees that Xiaomi is a global player changing the tech industry through our simple promise of bringing innovation to everyone.

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Trump drives TSMC, Foxconn to consider US manufacturing

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jan 15, 2017 6:35 pm

President elect Donald Trump was serious when he discussed manufacturing goods in the US, pushing Apple to make the new iPhone into the US - this stirred Apple's manufacturing partner Foxconn to think about the prospects of moving its manufacturing to the United States.

 

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Apple suppliers could be in for a big shift, with the Chairman of Softbank group, Masayoshi Son, recently meeting with Trump in New York. Masayoshi Son, whose group has an alliance with Foxconn, promised Trump that they would consider investing in manufacturing goods in the US, to create jobs. There's even been a Sharp executive who spoke with Nikkei Asian review who said that the idea is Mr Son's idea.

 

Foxconn is thinking of building a manufacturing plant in the US, as the country has a large market for TVs and other consumer electronics - with Foxconn rumored to be considering a huge $8.6 billion investment in US manufacturing.

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Chinese giant spending $70 billion on 3 new wafer plants

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jan 13, 2017 7:21 am

It looks like there is going to be a massive injection of wafer plants in China's near future, with Tsinghua Unigroup to reportedly build IC manufacturing sites in three locations in China: Wuhan, Chengdu and Nanjing.

 

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Tsinghua Unigroup's total investment will hit $70 billion, according to Zhao Weiguo, chairman for the state-backed technology conglomerate, reports DigiTimes. The site continues: "Tsinghua Unigroup is assisting subsidiary Yangtze River Storage Technology to establish a new memory plant in Wuhan (Hebei province). Construction of the plant, which will cover an area of about 13 hectares, kicked off recently".

 

Yangtze River Storage Tech's new plant has an investment of $24 billion or so, and will be dedicated to making 3D NAND flash products, where it is hoped to hit volume production in 2018. Tsinghua Unigroup is currently breaking ground on two new plants, "one located in Chengu (Sichuan province) and the other in Nanjing (Jiangsu province) - in 2017, Zhao disclosed. Total investment in the two sites is estimated at US$46 billion", said Zhao.

 

Industry experts add that Tsinghua Unigroup will soon enter logic IC manufacturing, which will only expand their grip on the market.

Samsung's new smart fridge rocks a 21.5-inch screen

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jan 3, 2017 7:11 pm

CES 2017 - Samsung has a full frontal assault for your kitchen at CES this year, and while it has dabbled in Wi-Fi-connected smart fridges before, it is launching 6 new ones in 2017 - bringing Samsung up to a total of 10 smart fridges.

 

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This includes a new three-door, four-door, and a four-door "flex" model that has dual freezers. Samsung has updated the fridge's OS to Family Hub 2.0, which provides your family with a new UI, allowing everyone to have a profile - and even lets you set individual avatars, just cause.

 

There's a massive 21.5-inch LED touchscreen built into the front of it, where you can play around with photos, calendars, and even leave handwritten memos. Tizen is the OS powering the fridge, which takes pictures of the contents of your fridge every time you open the door - letting you know when you need to buy more "Groceries by MasterCard".

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Your fridge could be a witness in a murder trial

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jan 3, 2017 3:30 am

I like my fridge, I really do... but when I get to the point of having a fridge with a camera, and a microphone - I feel like we've stepped over a line. What next... our toilet roll holders will have built-in microphones? Our showers will have 360-degree cameras for the next level of Big Brother voyeurism?

 

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According to Mark Stokes, the head of the digital, cyber and communications forensics unit at the Metropolitan Police: "Wireless cameras within a device, such as fridge, may record the movement of owners and suspects. Doorbells that connect directly to apps on a user's phone can show who has rung the door and the owner or others may then remotely,m if they choose, to give controlled access to the premises while away from the property".

 

Stokes added: "All these leave a log and a trace of activity. The crime scene of tomorrow is going to be the internet of things".

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Amazon will deliver packages, even if the world ends

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Dec 30, 2016 2:48 am

Amazon is already incredibly good at advancing the way it gets products to its consumers, and now its next step in delivery systems looks to be a floating warehouse that sends drones out to deliver packages.

 

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The company filed a patent in 2014 that was awarded to Amazon earlier this year, that teases gigantic floating warehouses that the company calls "airborne fulfillment centers". Amazon would man the floating warehouse, something that could be considered a mothership, with staff that would fulfill the orders it receives online, and sends out autonomous drones to deliver them.

 

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Amazon also says that the crew on the ship will arrive on smaller aircraft that will dock, drop off and pick passengers up, and then undock to fly back to the ground - so that the mothership can stay in the air as long as it can. This would give Amazon an exclusive edge against every single other company in the world, in that it could offer items delivered from the sky with the most convenience ever - anywhere in the world it would have one of their "airborne fulfillment centers" are operating.

 

The potential of this is world-changing, as it could see a future where small drones take multiple items from the distribution craft, fly down to deliver one - and then another to a separate customer, and again until it has delivered all packages, and then flies up to collect more. These crafts could work 24/7 without stopping, ever. Sign me up.

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