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Business, Financial & Legal Posts - Page 9

John McAfee announces he is running for president next year

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Sep 9, 2015 3:51 am

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".

Ubisoft announces theme park in Malaysia, isn't limited to 30FPS

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Sep 7, 2015 11:06 pm

In a very surprising move, Ubisoft has just announced that it is set to construct a massive 10,000-square-meter indoor theme park in Kuala Lumpur, Malaysia.




The theme park, according to Jean de Rivieres, Senior Vice President of Ubisoft Motion Pictures: "Ubisoft's intention for this park is to immerse people in reactive worlds where they can interact with each other and become the heroes of their own life-sized game. Ubisoft will produce all digital media for the rides, and help design guests' journey into the park to ensure the visitors' experience is at its best".


The studio is working with Malaysian theme park developer RSG, which will both run and own the mark. Ubisoft on the other hand, will have creative control over the park, which is expected to open its doors in 2020.

Minecraft creator has 'never felt more isolated' with his $2.5 billion

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Aug 31, 2015 2:33 am

What would you do with $2.5 billion? I know I would do countless things like buy all of my friends and family houses and put enough money in their accounts that they would never have to worry about money ever again. But what about the man who sold Mojang? The company behind Minecraft. Well, he's super lonely according to his recent tweets.




Markus "Notch" Persson sold Mojang to Microsoft nearly a year ago now for $2.5 billion, purchased a $70 million mansion, and has been hosting insane parties ever since. Recently, Persson tweeted: "The problem with getting everything is you run out of reasons to keep trying, and human interaction becomes impossible due to imbalance. Hanging out in ibiza with a bunch of friends and partying with famous people, able to do whatever I want, and I've never felt more isolated".

Continue reading 'Minecraft creator has 'never felt more isolated' with his $2.5 billion' (full post)

HTC co-founder gets a second job at a visual effects company

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Aug 29, 2015 10:32 am

It looks like HTC co-founder Peter Chou is moonlighting at a visual effects company, in order to gain more knowledge in the world of virtual reality, leading up to the release of the Vive VR headset.




Chou is now working at Digital Domain, a large visual effects company - the one who handled the visual effects for Iron Man 3, Tron: Legacy and even some animated clips for video games including Destiny and Halo: The Master Chief Collection. Chou will officially join Digital Domain as an executive director, as of August 31.

Acer is welcoming a takeover of the company after share prices tumble

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Aug 28, 2015 9:22 am

Acer hasn't been doing so well lately, with the Taiwanese giant welcoming a takeover bid. The news is coming directly from Acer founder Stan Shih, where he welcomed a takeover of his company after big dips in its share price.




Shih told reporters in a response to question about Acer being open for a takeover, that they would be "welcome" and that the buyer would get an "empty shell" and pay deeply. He added: "U.S. and European management teams usually are concerned about money, their CEOs only work for money. But Taiwanese are more concerned about a sense of mission and emotional factors".


A company spokesperson confirmed Shih's remarks on Thursday. Acer has taken some big dips recently, with big on-year sales falls, with a huge 33% drop in July alone. The company took a $90 million loss for the first half of 2015, after a slight profit in the same period of 2015. Acer noted losses for the entire of 2011, 2012 and 2013 following drops in PC sales.

Angry Birds developer flings more jobs out of the window

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Aug 27, 2015 2:31 am

It was only late last year that Rovio Entertainment laid off 110 staff, with the Angry Birds developer laying off another 260 employees as it tries to be a smaller, more profitable studio.




Rovio CEO Pekka Rantala said that the company was too quick to "explore new business opportunities" as it attempted to do "too many things" at once. Rovio's profits continue to fall, so the layoffs are a quick and easy way of pulling themselves out of the mess. All the while the Sony-made Angry Birds movie, with the layoffs only affecting every area but the movie side of things.

Spotify quickly apologizes due to privacy changes causing anger

By: Michael Hatamoto | More News: Business, Financial & Legal | Posted: Aug 21, 2015 9:50 pm

Spotify tried to quietly change its privacy policy, but issued a public apology after members and subscribers voiced their displeasure over the changes.




The policy change requested access to pictures on mobile devices, phone contacts, voice controls, and location information - but Spotify justified the changes.


Users are able to choose which images they choose with Spotify, and have control over how the images are stored and used. The location identification is to help personalize recommendations, along with share information about trending music in a user's area. Spotify might include voice controls so it's easier to control playlists, and isn't interested in accessing a user's microphone without permission.

Continue reading 'Spotify quickly apologizes due to privacy changes causing anger' (full post)

Apple: Just 21% of Apple Music testers have left the service so far

By: Michael Hatamoto | More News: Business, Financial & Legal | Posted: Aug 21, 2015 5:25 pm

After reports that Apple Music members are jumping ship, Apple has issued a statement saying just 21 percent of users have stopped using the streaming music service.




The MusicWatch survey indicated around 48 percent of people testing the service are jumping ship. In its survey of 5,000 users, 28 percent are Spotify Premium members, 11 percent use Spotify free users, and six percent listen to ad-supported Pandora.


In late July, it was reported Apple Music had 10 million users - and Apple reported 11 million users in early August - are currently enjoying a free three-month trial of the new streaming service. Spotify has 20 million paid subscribers and about 55 million free users.

Continue reading 'Apple: Just 21% of Apple Music testers have left the service so far' (full post)

Samsung will begin making HBM early next year

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Aug 21, 2015 2:58 am

It looks like the High Bandwidth Memory game is about to receive a very big new player in the form of Samsung, with the South Korean electronics giant announcing at IDF 2015 that it will begin mass production of HBM early next year.




Right now HBM1 is limited to just 4GB and 512GB/sec, but HBM2 will be capable of driving far past 8GB and sitting at around 1TB/sec memory bandwidth. We should expect new video cards to feature up to 48GB of HBM2, with consumer cards most likely sitting at around 8-12GB of HBM2. With NVIDIA dominating the GPU market share with no signs of slowing down, next year is going to be one of the biggest for GPUs.


HBM2 is going to usher in more changes in the next 12-18 months than I think most people can even predict, especially when we begin seeing professional video cards (think video professionals, servers and the like) with GPUs packing 48GB of HBM2 with up to 1.5TB/sec of memory bandwidth. Even the fastest GeForce cards right now only feature 334GB/sec of memory bandwidth, while the HBM1-powered Fury X from AMD packing 512GB/sec bandwidth.

AMD continues to cut spending on R&D, down 40% in the last five years

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Aug 19, 2015 2:17 am

Riding back on the news that AMD has lost a considerable chunk of the discrete GPU market this quarter, this news of AMD spending less and less on research and development is not good to hear.




AMD shares dropped 13% last Monday without any new information or reasoning behind the huge dip in share prices, but it could be a result of NVIDIA's better than expected financials, or it could be the fact that AMD has lost more market share to NVIDIA, even after the release of its first next-gen GPU in nearly two years.


Furthermore, AMD has been scaling back R&D spending over the last five years, with Pacific Crest analyst Mike McConnell chiming in, with the following: "When I talk to investors about AMD, there's some concern - I mean, we've seen a decline by close to 40% versus levels we were at in the beginning of the decade". AMD CTO Mark Papermaster has said that the PC market is shrinking, and that AMD is putting less R&D effort into that part of the business.


Papermaster said: "So it is on that next generation of CPUs starting with Zen. It is on successive generations of our graphics core next." With particular reference to its APU and GCN designs Papermaster boasted that a lot of investments have paid off in getting its APUs adopted for its game console wins. Furthermore the AMD CTO asserted that "we have a very strong roadmap for that Graphics Core Next IP going forward".

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