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NVIDIA's drivers affected Titan Z's overall performance

By: Roshan Ashraf Shaikh | More News: Video Cards | Posted: May 15, 2014 2:44 am

As previously reported, NVIDIA was supposed to release its GeForce Titan Z flagship video card on April 29th, but the company delayed its plans, moving it to May 8th.

 

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However since NVIDIA didn't launch that card on May 8th, speculations were on a rise about why it wasn't launched until a leaked benchmarks from a review site indicated that the video card with dual GK110 GPU is slower than AMD Radeon R9 295X2. It was also assumed that NVIDIA was bumping the card's clock speed to boost its performance.

 

As it turns out, the reason why NVIDIA didn't release Titan Z yet because the existing drivers stifled its performance. Since the card was slower than AMD's flagship in some tests, it didn't justify the predicted price of $2,999. NVIDIA is trying to fix the problem by developing drivers to make it significantly faster than AMD Radeon R9 295X2 which is costs around $1,499.

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Financial analysts are increasingly jumping on the bitcoin bandwagon

By: Michael Hatamoto | More News: Business, Financial & Legal | Posted: May 15, 2014 2:17 am

The bitcoin cryptocurrency is receiving even more attention from financial analysts, as consumers and retailers become comfortable making transactions in the digital currency. Bitcoin volatility has scared some investors away, though there is a growing amount of support from those willing to roll the dice and gamble.

 

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"When I look at the amount of human capital working on this project, there are probably 30,000 independent programmers out there, coding and working on bitcoin and bitcoin derivatives in this open-source community," said Michael Novogratz, Fortress Investment Group Principal, from the SALT Conference.

 

In addition to the manpower working to support bitcoins and cryptocurrency, even more stores and e-tailers are throwing their support behind bitcoins.

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Sony's financials battered, forecasts losses until 2015

By: Michael Hatamoto | More News: Business, Financial & Legal | Posted: May 15, 2014 1:39 am

Japanese electronics giant Sony expects a massive $489 million loss during this financial year, as company CEO Kazuo Hirai struggles to turn his company around. Meanwhile, Sony will spend up to $1.32 billion to try and restructure through March 31, 2015, and financial analysts believe it will take some time before Sony can try to recover.

 

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Earlier in the year, Sony confirmed it would sell off its PC unit and TV business, along with laying off 5,000 employees. The VAIO PC sale will be completed by July, as Japan Industrial Partners will try to add some sales and marketing power to the brand.

 

Here is what Sony CFO Kenichiro Yoshida said during a financial call: "In previous years the restructuring was mostly within business units and in manufacturing. This time the difference is that we are quitting businesses entirely."

Samsung KNOX smartphone approved for British government

By: Michael Hatamoto | More News: Hacking & Security | Posted: May 15, 2014 12:20 am

The Samsung KNOX security platform, designed to provide an additional layer of security for Google Android smartphones, has been approved for use by the British government. The UK Communications and Electronics Security Group (CESG) has tested KNOX for a few months, ensuring public sector communications would remain secured.

 

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Samsung KNOX has been approved in the UK for the following devices: Galaxy Note 3, Galaxy S3, Galaxy S4 and the Galaxy S5 smartphones.

 

"Our technology is widely used in both the UK public and private sector, and with this approval we are committed to working more closely with government departments and agencies that need to maintain high levels of security and data confidentiality on their mobile devices," said Graham Long, Samsung UK and Ireland VP, in a press statement.

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Paramount hand Star Trek reigns to controversial first time director

By: Ben Gourlay | More News: Celebrities & Entertainment | Posted: May 15, 2014 12:13 am

Since Star Trek reboot director J.J. Abrams jumped ship to that other sci-fi franchise, Paramount Pictures have been on the lookout for a new helmer and in the last 24 hours it seems they've found their man - screenwriter Roberto Orci, half of the duo that wrote the two predecessors and entries from the Mission Impossible, Transformers and Amazing Spider-Man franchises.

 

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Orci is a particularly controversial figure to be given the keys to the multi-billion dollar Star Trek franchise, not just for the absence of any previous directing experience, but his hand in the universally despised last entry in the series Into Darkness. The conspiracy theorist, 9/11 'truther', had been singled out for much of the film's backlash, in scripting Khan as the main villain and sending the franchise into a dark tailspin.

 

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The as yet untitled Star Trek 3 (or Star Trek 13 depending on which way you are looking at it) is slated for a summer 2016 release date, re-uniting the key cast of Chris Pine, Zachary Quinto and Zoe Saldana.

Amazon opening Silicon Valley distribution center in Newark

By: Michael Hatamoto | More News: Business, Financial & Legal | Posted: May 14, 2014 11:38 pm

Popular e-tailer Amazon is hiring for a new distribution center that will be located in Newark, California, located 20 miles from San Jose and about 40 miles from San Francisco. The new warehouse will be located in a 574,000-square-foot building, and should open up hundreds of new jobs in Silicon Valley, according to Newark Mayor Alan Nagy.

 

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"That's going to mean, I believe, a couple hundred jobs, which certainly this area can use," Mayor Nagy told the San Francisco Business Times. "I think it bodes well for our Newark residents that want to apply for a job there, that want to work close to home."

 

In the Bay Area, Amazon Prime members tend to receive product orders in one or two days, shipped from a distribution center located in North Las Vegas. Amazon has a research and development center already located in the South Bay, and with high demand of Northern California shoppers, a Newark-based facility makes sense.

Cybercriminals honing their craft, targeting users efficiently

By: Michael Hatamoto | More News: Hacking & Security | Posted: May 14, 2014 11:01 pm

Cybercriminals are largely motivated by money and are honing their abilities to find new methods to crack through security measures and compromise users. Despite a wide variety of new security measures available, end-users are the last line of defense, and it seems that we are largely failing to help ourselves.

 

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"If someone really wants to find a way to target you, they will probably find a way, said Jeff Wilson, Principal Security analyst with Infonetics, which continues to be proven true.

 

Earlier in the year, Microsoft said malware infections tripled in 2013, with security threats continually evolving and causing both researchers and users headaches. To make matters worse, the use of clever social engineering has tricked users to install malicious software, turn over sensitive information, and makes it even easier to be compromised.

Report: Iranian-linked Ajax security attacks continue in cyber wars

By: Michael Hatamoto | More News: Hacking & Security | Posted: May 14, 2014 9:40 pm

Iranian hackers are targeting U.S. private sector defense companies and Iranian dissidents. The Iranian-based Operation Saffron Rose has evolved from simple website defacement to a sophisticated cyberespionage operation utilizing advanced persistent threats (APTs) attacking US defense companies.

 

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Security researchers are increasingly concerned about the Iranian government's growing cyberwar ambitions, which will largely be used to target the United States. Social engineering techniques, which are continually being improved upon, also leads to an increased number of western Internet users infected with malware.

 

Here is what FireEye said in a statement: "There is an evolution underway within Iranian-based hacker groups that coincides with Iran's efforts at controlling political dissent and expanding its offensive cyber capabilities," said Nart Villeneuve, senior threat intelligence researcher at FireEye. "We have witnessed not only growing activity on the part of Iranian-based threat actors, but also a transition to cyber-espionage tactics. We no longer see these actors conducting attacks to simply spread their message, instead choosing to conduct detailed reconnaissance and control targets' machines for longer-term initiatives."

Yahoo acquires Blink, SnapChat's biggest rival, plans to shut it down

By: Charles Gantt | More News: Apps | Posted: May 14, 2014 9:14 pm

A growing trend in the tech world seems to be building a product designed to get you noticed by the big tech companies in hopes that they will acquire you for your talent and IP, and that seems to be exactly what has just happened to SnapChat rival Blink. Blink is an app that allows users to send self destructing instant messages, and functions similarly to how SnapChat works, and today the company announced that Yahoo has swooped in and picked it up.

 

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"I can confirm that the entire team behind Blink will be joining our mobile team in Sunnyvale where they will focus on smart communication products," a Yahoo rep confirmed in a statement. Unfortunately, Yahoo plans to shut Blink down and will use the development team and founders to work on other Yahoo products. Details of the acquisition were not very clear, and at the moment, no word on how much the deal was worth has been released.

Watch out Whatsapp, WeChat has almost 400 million monthly active users

By: Charles Gantt | More News: Apps | Posted: May 14, 2014 8:06 pm

Facebook's Whatsapp may have some contending to do in the coming months for its top spot in the world of mobile instant messaging. Today Whatsapp rival, WeChat, announced its earnings report for the first quarter of its fiscal 2014 year. While this would not usually be major news, the fact that WeChat grew by almost 50 million active monthly users caught our eye.

 

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At the end of 2013, WeChat had about 355 million active monthly users, and now the company is reporting that during the first quarter of 2014, it managed to grow its user base to 396 million active monthly users. This number covers both WeChat and Weixin, the Chinese version of the app. With user numbers rising this fast, we could see WeChat top 500 million by the end of the year.

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