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Business, Financial & Legal News - Page 2

The latest and most important Business, Financial & Legal news - Page 2.

Magic Leap teams with AMD on semi-custom solution for next-gen AR

Anthony Garreffa | Wed, Jun 2 2021 9:15 PM CDT

AMD is simply unstoppable right now: fighting Intel on one side with CPUs, NVIDIA on the other with GPUs and what seems like everyone in between when you throw Tesla + Microsoft + Sony in with electric cars and infotainment systems and next-gen Xbox Series X/S and PlayStation 5 consoles.

But now, AMD and Magic Leap have partnered up on an "AR technology solution" that includes a semi-custom SoC that will "enable enterprise users to re-imagine and transform how virtual content and information is visualized and merged with real-world environments".

The announcement was on Magic Leap's website and I only spotted it on Sasa Marinkovic's Twitter -- the Director, Gaming Marketing for AMD.

Jack Huynh, Corporate Vice President and General Manager of AMD Semi-Custom Business Unit explained: "We have a shared vision with Magic Leap to shape the future of computing and transform the way enterprises worldwide work and interact with each other and their customers. We started this journey together several years ago to co-innovate on computer vision and build the best semi-custom technology for AR".

Continue reading: Magic Leap teams with AMD on semi-custom solution for next-gen AR (full post)

SEC puts Elon Musk in hot water again over Tweets that weren't vetted

Jak Connor | Wed, Jun 2 2021 4:31 AM CDT

A new report from The Wall Street Journal has revealed Elon Musk is receiving some heat from the Securities Exchange Commission (SEC) over some unvetted tweets.

SEC puts Elon Musk in hot water again over Tweets that weren't vetted 01 | TweakTown.com

Back in August 2018, Musk tweeted that he had "[f]unding secured" to take Tesla private at the stock price of $420 per share. The SEC ended up charging Musk with securities fraud in September, and after both parties settled, Musk agreed that he would have his public communications (tweets) vetted by the company before they were posted.

The following year Musk tweeted that Tesla would manufacture more cars than what the company officially said it would, as a result, the SEC dragged Musk back to court, where Musk agreed that more specific vetting by Tesla lawyers (two are needed to approve a tweet) would take place before a tweet is posted. Now, the SEC is coming back at Musk over an unvetted tweet from May 2020 where Musk said that Tesla's stock price was "too high imo".

Continue reading: SEC puts Elon Musk in hot water again over Tweets that weren't vetted (full post)

TSMC has shipped over 1 billion chips manufactured on 7nm node

Anthony Garreffa | Tue, Jun 1 2021 9:16 PM CDT

TSMC hit a masterstroke with 7nm... the right place, right time, the right partners, the right products... while its competitors (mainly Intel and NVIDIA at least for consumer technology) lagged behind so badly.

TSMC has shipped over 1 billion chips manufactured on 7nm node 03 | TweakTown.com

The company announced during its 2021 Online Technology Symposium event, TSMC shared more details on its future N6, N5, N4, and N3 nodes and also announced that it has shipped over 1 billion chips manufactured on its 7nm process node.

Most of the 7nm chips were for AMD designs across Ryzen, Radeon, EPYC, and the next-gen consoles are all using TSMC 7nm chips. AMD was truly in the right place and right time as well, but their competitors didn't fair so well and won't for the next few years either.

Continue reading: TSMC has shipped over 1 billion chips manufactured on 7nm node (full post)

TSMC talks more about 3nm, hitting nails into Intel's Big Blue coffin

Anthony Garreffa | Tue, Jun 1 2021 9:00 PM CDT

Taiwan Semiconductor Manufacturing Company (TSMC) are already years ahead of the competition, leaving Intel in its proverbial dust and Samsung not able to catch up until 2030 according to recent reports.

TSMC talks more about 3nm, hitting nails into Intel's Big Blue coffin 08 | TweakTown.com

But during TSMC's 2021 Online Technology Symposium which started today, alongside Computex 2021, we found out more details about TSMC's upcoming N6, N5, N4, and N3 process nodes. TSMC provided the world with new details on their defect densities, yields, and production timelines -- as in when you can expect to find these next-gen chips in your favorite products (CPUs, GPUs, game consoles, smartphones).

TSMC's senior vice president of research and development, Dr. Yuh Jier Mii, explained that the 3nm process node will have power consumption and performance improvements over the new 5nm node, which the first-gen N5 chips just went into production.

Continue reading: TSMC talks more about 3nm, hitting nails into Intel's Big Blue coffin (full post)

Bernie Sanders blocks Jeff Bezos from $10 billion in NASA funding

Jak Connor | Wed, May 26 2021 5:31 AM CDT

Bernie Sanders is coming between NASA funding and Jeff Bezos' space exploration company Blue Origin.

Bernie Sanders blocks Jeff Bezos from $10 billion in NASA funding 01 | TweakTown.com

In April this year, the Endless Frontier Act was created with the main objective being to keep the US space program competitive with other countries around the world. On Monday, Sanders submitted an amendment to the act that states its purpose is to "eliminate the multi-billion dollar Bezos Bailout."

The "Bezos Bailout" is referencing an amendment submitted by Democratic Sen. Maria Cantwell, which asked NASA for an additional $10 billion in funding and instructed NASA to select a second company to construct a moon lander for the coming Project Artemis lunar landing missions. Both amendments come after Elon Musk's SpaceX won the original $2.9 billion NASA contract to construct moon landers that will carry astronauts to the moon.

Continue reading: Bernie Sanders blocks Jeff Bezos from $10 billion in NASA funding (full post)

Out goes Arnault, Jeff Bezos is the world's richest man (again)

Anthony Garreffa | Tue, May 25 2021 10:13 PM CDT

Luxury brand empire owner Bernard Arnault briefly became the world's richest man, with a net worth of $186.3 billion at the time... versus Amazon founder Jeff Bezos and his net worth of around $186 billion ($300 million less).

Out goes Arnault, Jeff Bezos is the world's richest man (again) 02 | TweakTown.com

Well, it has been barely 24 hours and those few hundred million dollars matter a great deal when you're this rich and want that coveted "world's richest person" title. Well, Arnault is out -- his real-time net worth has dropped to $188 billion, meanwhile, Bezos has his net worth jump to $188.9 billion.

Bezos was behind by $300 million yesterday and is now $900 million ahead... all in less than 24 hours. I cannot fathom having that much money ($900 million) let alone $188 billion behind it. We should expect this fight to continue until one of their companies sees its share value drop by a few percentage points, but who will be first? Bezos or Arnault?

Continue reading: Out goes Arnault, Jeff Bezos is the world's richest man (again) (full post)

Tesla ordered to pay $16,000 to owners for reducing battery capacities

Jak Connor | Tue, May 25 2021 9:05 AM CDT

A court has found that Tesla is guilty after owners of one of the electric vehicles sued the company for their cars battery life being reduced.

Tesla ordered to pay $16,000 to owners for reducing battery capacities 01 | TweakTown.com

Tesla has been ordered by a court in Norway to pay 136,000 kroner, or $16,000 each to owners of specific Model S's after owners of the vehicles complained that the vehicle's battery capacity and charging speeds were reduced. According to Nettavisen, paying out these fines could cost Tesla hundreds of millions of dollars.

Owners complained that there was a drop in range of up to 30 miles after Tesla implemented a 2019 software update. Additionally, these owners also noticed that the DC fast-charging at Tesla Supercharger stations were reduced. These issues are reportedly present in 2013 - 2015 models, and according to Tesla, the update was rolled out to "protect the battery and improve battery longevity". Tesla also said that it would only affect "a small percentage of owners."

Continue reading: Tesla ordered to pay $16,000 to owners for reducing battery capacities (full post)

YouTube video 'Charlie Bit My Finger' sold as an NFT for $760,000

Jak Connor | Tue, May 25 2021 8:31 AM CDT

In the early years of YouTube, a video of two young children took off on the platform, garnering millions of hits and eventually becoming the internet phenomenon that we know today as "Charlie Bit My Finger".

YouTube video 'Charlie Bit My Finger' sold as an NFT for $760,000 01 | TweakTown.com

That 56-second long video has now amassed more than 850 million views and has been sold as a non-fungible token (NFT) via an auction. Origin Protocol ran the auction and has said that the plan was to remove the original video from YouTube and take it to be "memorialized on the blockchain." Now, 3F Music, which already owns other popular meme-NFT's, picked up the "Charlie Bit My Finger" NFT for $760,999.

Apart of owning the NFT, 3F Music also has the opportunity to create a parody video of the 2007 video with the brother's Harry and Charlie Davies-Carr, who are 15 and 17. The auction website states that the winner of the Charlie Bit My Finger NFT could "recreate a hilarious modern-day rendition of the classic clip". For more information on this story, check out this link here.

Continue reading: YouTube video 'Charlie Bit My Finger' sold as an NFT for $760,000 (full post)

Bernard Arnault overtakes Elon Musk, Jeff Bezos as world's richest man

Anthony Garreffa | Mon, May 24 2021 10:13 PM CDT

Bernard Arnault has overtaken Amazon founder Jeff Bezos as the richest person on the planet, with Arnault having an estimated net worth of $186.3 billion against Bezos and his $186 billion. Because that $300 million really, really makes a difference at this level, I guess.

Bernard Arnault overtakes Elon Musk, Jeff Bezos as world's richest man 01 | TweakTown.com

Right behind Arnault and Bezos is SpaceX and Tesla founder, as well as The Dogefather himself, Elon Musk with an estimated net worth of around $151 billion. Behind Musk, we have Bill Gates, who recently announced he is divorcing his wife, Melinda Gates, with a net worth of $124 billion. Facebook founder Mark Zuckerberg is next, staying in the top three with his $97 billion in net worth.

Arnault has amassed luxury goods brands under his LVMH umbrella, with the likes of Louis Vuitton, Sephora, Marc Jacobs Christian Dior, Fendi, and many others. The thing is, in March 2020 Arnault was worth around $76 billion but in a post-pandemic COVID-19 fueled world he (and many other billionaires and corporations) are now worth magnitudes more money.

Continue reading: Bernard Arnault overtakes Elon Musk, Jeff Bezos as world's richest man (full post)

Apple working with Chinese government to censor, spy on its citizens

Anthony Garreffa | Mon, May 24 2021 7:46 PM CDT

Apple is currently building out its new "Guizhou-Cloud Big Data (GCBD)" which is its new data center that will house iCloud data of its Chinese customers.

Apple working with Chinese government to censor, spy on its citizens 10 | TweakTown.com

Chinese government laws changed back in 2016, which required all "personal information and important data" that was collected in China, was to remain in China. This forced Apple to move its iCloud data of its Chinese customers out of its US-based servers (and other servers globally) to the new GCBD facility.

This new facility is codenamed "Golden Gate" and allows Apple to slip something through: it can break US laws which stops US-based companies from giving data to Chinese authorities. Well, Apple seems to have no problem in doing this as... well... it seems to already be a done deal.

Continue reading: Apple working with Chinese government to censor, spy on its citizens (full post)

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