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Turing Pharmaceuticals is in the headlines today for all the wrong reasons, increasing the price of their HIV/AIDS medication from $13.50 per pill to $750 per pill, overnight - an increase of an insane 4100%.
Daraprim, the medication in question, has been on the market for 62 years now, and is the "standard of care for food-borne illness called toxoplasmosis caused by a parasite that can severely affect those with compromised immune systems. Turing purchased the rights to the drug last month and almost immediately raised prices", reports The Washington Post.
The story gets worse, with consumers taking to Reddit to boycott the company's products, saying that they want new laws that would prevent this price gouging from happening in the future. The editor daily newsletter on the industry, John Carroll of Fierce Biotech, asked Turing's CEO, Martin Shkreli about the huge price increase. Things took to Twitter, where Carroll asked: "Let's see if we can get a statement from @MartinShkreli. Martin, your co. just hiked the price of an old drug - new to you - by 5000%. Why?". The response from Shkreli was explosive, where he straight up said: "You are such a moron".
It was only last week that AMD effectively spun off its GPU division into Radeon Technology Group, and now the chipmaker is in the headlines again as it has lost another high-profile employee in the form of its Chief Architect of Microprocessor Cores, Jim Keller. Keller is leaving AMD to pursue other opportunities.
Keller is known for his work with AMD in their early days of CPU dominance, as he was a key player in the creation of the original Athlon architecture, the K7. After that, he was the lead architect on the K8 architecture, and played a large role in developing the world's first native x86-64 bit architecture. Keller left AMD for Apple to help make its A4 and A5 processors, joining AMD once again in 2012 to lead the development of the Zen architecture.
An AMD spokesperson talked with HEXUS, where they said: "Jim was responsible for overseeing the teams defining the roadmaps for AMD's CPU cores, systems IP, and server and client SoCs". Obviously some people might be worried about AMD losing a key player of theirs, so the spokesperson added: "Jim helped establish a strong leadership team that is well positioned for success as we enter the completion phase of the "Zen" core and associated system IP and SoCs. Jim's departure is not expected to impact our public product or technology roadmaps, and we remain on track for "Zen" sampling in 2016 with first full year of revenue in 2017".
Not even a day after the Nevada Transportation Commission gave permission to both Uber and Lyft to operate in the state, Uber announced it was launching its Uber X ride-hailing service in the greater Las Vegas area.
You can now travel anywhere between Summerlin, Nevada in the Southeast right through to Henderson in the Northwest, a trip that will set you back between $63 to $84. Alternatively, a trip from UNLV to Downtown will cost just $15. I'm excited, as this means the next CES I won't have to worry about catching taxis most of the time, as I can jump in and out of Uber's throughout the week.
The rumors of Microsoft acquiring AMD are back again, with Microsoft reportedly interested in acquiring both the CPU and GPU divisions, days after AMD announced it was breaking its GPU division away into its own entity called Radeon Technology Group.
With AMD under its wing, Microsoft could truly begin to compete on a totally different level against companies like NVIDIA, Samsung and Apple. With Microsoft's big pockets, AMD could have a massive injection of R&D money and in a few years, we could be looking at a market with one of the strongest competitors being Microsoft.
This is without considering the console side of things, where Microsoft could have AMD exclusively making GPUs, CPUs or APUs for use in its next-generation Xbox consoles. The next step would be VR gaming, and with AMD cooking up Liquid VR we could see Microsoft having a huge win on its hand on the hardware side of things when it comes to VR thanks to it acquiring AMD.
If we consider that AMD spent $7.6 billion acquiring Nokia, Microsoft could spend less than a few billion acquiring AMD and it would make the company far more profits in the future than Nokia has until now.
Earlier today we reported that AMD had split off its GPU division that's behind the Radeon line of video cards into the Radeon Technology Group, but now we're hearing whispers that the chipmaker is selling a 20% in itself to private equity firm Silver Lake.
Fudzilla is behind the report, which is just a rumor right now but the site is saying that "multiple, independent industry sources that want to remain anonymous" are behind this report. Silver Lake pushes itself as a global leader in technology investing, where it has put money into giants like Alibaba, Avago, GoDaddy, Motorola Solutions, Opera Solutions and now AMD is on its radar.
With AMD now on a new road with its announcement of the Radeon Technology Group, mixed with the rumors that AMD is preparing another set of restructuring that will be announced soon, this 20% stake could give AMD some much needed money for R&D that will bear fruit in the future.
Dell has just announced it is investing massively into China, pushing $125 billion worth into the country over the next five years. Dell CEO Michael Dell said in a statement: "the Internet is the new engine for China's future economic growth and has unlimited potential".
Back in 2010, Dell said that it had planned to spend $250 billion on procurement and other investment into China over 10 years, which is its second biggest market, with the US being their biggest. Michael Dell continued: "Dell will embrace the principle of 'In China, for China' and closely integrate Dell China strategies with national policies".
With Dell being the third in global PC shipments for Q2, the US-run company will be chasing behind Lenovo who sits in second place, and HP who sits at the top of the food chain. Things are going to change with this $125 billion investment, that's for sure.
The launch of Intel's new Skylake architecture has possibly played a hand in GIGABYTE's increased revenue lately, but the numbers are still not as strong as they were last year.
GIGABYTE has reported $139 million in consolidated revenues in August, a 1.62% increase over July, and a 22.97% increase on yearly average. But if we look at the numbers from 2014, GIGABYTE are down 7.62%. The company has been releasing a full top to bottom product stack with the new Skylake-compatible motherboards, with the new 100 series boasting some serious specs.
We saw GIGABYTE being the first company with a Z170-powered motherboard that packed Intel's insanely-fast Thunderbolt 3 connectivity which is capable of a huge 20Gbps.
Hours before the launch of the Radeon R9 Nano, AMD announces that it is effectively spinning off its GPU division, after acquiring ATI back in 2006 for $5.6 billion.
The new unit will be called Radeon Technologies Group, which will concentrate on GPU development, as well as the "virtual and augmented reality" markets. The new Radeon Technologies Group is being overseen by current Senior Vice President and Chief Architect of AMD, Raja Koduri. Koduri will be reporting directly to AMD President and CEO Lisa Su, with Koduri taking care of "all aspects of graphics technologies used in AMD's APU, discrete GPU, semi-custom, and GPU compute products".
In a statement, the AMD CEO said: "With the creation of the Radeon Technologies Group we are putting in place a more agile, vertically integrated graphics organization focused on solidifying our position as the graphics industry leader, recapturing profitable share across traditional graphics markets, and staking leadership positions in new markets such as virtual and augmented reality".
Now, this is an interesting move, considering that AMD has been bleeding GPU market share to NVIDIA for quite a while now. Earlier this year NVIDIA held 76% of the discrete GPU market, where late last month we reported that NVIDIA now controls 82% of the GPU market share. With the drop in AMD's position in the stock market, it looks like the GPU division could be safer than being part of the bigger picture at AMD.
The identity of the creator of Popcorn Time, until now, has eluded the world. The creator of the BitTorrent movie sharing software has only been known as "Sebastian", and since his creation was illegal, his identity was something he kept to himself obviously.
That is, until now. The creator of Popcorn Time is an Argentinian designer, Federico Abad. Abad said that he wanted to create an easy and fast for users to watch any movie they wanted. Other options took too long, were too confusing or not easy enough for someone like his own mom to use. If Abad's mom liked the idea, then it was a good idea.
But, Adad noted that Popcorn Time cost people both professionally and personally, as he lost his girlfriend in the process. Also the fact that copyright holders were waiting with all of their legal power behind them would've been scary enough. A lawyer from Warner Bros. had worked out the team's identities, visiting their LinkedIn pages. Abad says that he thinks this was a scare tactic, to show that the studio knew what was going on. He did add that he doesn't regret creating Popcorn Time, but he now thinks it's not worth the possibility of legal action in the future.
John McAfee, the founder and brain behind McAfee anti-virus software, has announced that he is running for the position of The White House in 2016.
McAfee is throwing his hat into the ring with the likes of Donald Trump and Hillary Clinton, with an "official announcement" to come from camp McAfee at 6PM ET. McAfee's Twitter account has been teasing #mcafee16, and during an interview with Wired, McAfee said he wasn't 100% on whether he wanted to run for president or not, but he does think there needs to be a change within the US government.
During the interview with Wired, McAfee said: "It's clear that the leadership of our country is illiterate on the fundamental technology that supports everything in life for us now, that is cyber science, our smartphones, our military hardware, our communications".