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Business, Financial & Legal Posts - Page 9

Dell is investing $125 billion into China over the next five years

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Sep 10, 2015 7:16 pm

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.

GIGABYTE revenues climb nearly 23% over the last year

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Sep 10, 2015 5:26 pm

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.

AMD spins off its GPU business into Radeon Technologies Group

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Sep 10, 2015 6:17 am

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 creator of Popcorn Time has finally revealed himself

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Sep 10, 2015 5:45 am

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 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.

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