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Intel Sheds McAfee

September 14, 2016 by  
Filed under Security

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Intel has sold the Intel Security business for $3.5bn less than it paid for it six years ago.

Intel Security, previously and better known as McAfee, has been sold to private equity firm TPG for $4.2bn, despite Intel paying $7.7bn for it in 2010.

The chip firm will receive $3.1bn in cash as part of the transaction and retain a 49 per cent minority stake. TPG will take control with a 51 per cent stake, and will invest $1.1bn in the company.

Intel Security is based on the McAfee business and was renamed two years ago. The company will revert to the better known McAfee brand, despite John McAfee reportedly suing Intel over the use of his name.

The transaction is expected to close in the second quarter of 2017, and Chris Young, general manager of Intel Security Group, will become CEO of McAfee.

Young described TPG in an open letter to stakeholders as a “seasoned technology investor” that was “attracted to our current momentum and long-term potential”.

He claimed that McAfee currently protects “more than a quarter of a billion endpoints” and more than 200 million consumers, and is present in two thirds of the world’s 2,000 largest companies.

Intel CEO Brian Krzanich claimed that, despite the sale, security “remains important in everything we do at Intel”.

“We will continue to integrate industry-leading security and privacy capabilities in our products from the cloud to billions of smart, connected computing devices,” he added.

Bryan Taylor, a partner at TPG, said that the company had “long identified the cyber security sector, which has experienced strong growth due to the increasing volume and severity of cyber attacks, as one of the most important areas in technology”.

Intel’s acquisition of McAfee Security in 2010 was intended to enable the company to beef up security around PCs and sell McAfee antivirus and other security software around its core business.

However, the combination never worked as the money to be made in the security business became increasingly focused on the data center and cloud computing.

Courtesy-TheInq

Is nVidia’s Auto Venture Paying Off?

August 17, 2016 by  
Filed under Consumer Electronics

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The driverless car market is expected to grow to $42 billion by 2025 and Nvidia has a cunning plan to grab as much of that market as possible with its current automotive partnerships.

The company started to take in more cash from its car business recently. The company earned $113 million from its automotive segment in fiscal Q1 2017. While that is not much it represents a 47 percent increase over the year before. Automotive revenue up to about 8.6 percent of total revenue and it is set to get higher.

BMW, Tesla, Honda and Volkswagen are all using Nvidia gear in one way or another.

BMW’s been using Nvidia infotainment systems for years and seems to have been Nvidia’s way into the industry. Tesla has a 17 inch touchscreen display of which is powered by Nvidia. You can see Tesla’s all-digital 12.3-inch instrument cluster display uses Nvidia GPUs. Honda has Tegra processors for its Honda Connect infotainment system.

But rumors are that Nvidia is hoping to make a killing from the move to driverless cars. The company is already on the second version of its Drive PX self-driving platform. Nvidia claims that Drive PX recently learned how to navigate 3,000 miles of road in just 72 hours.

BMW, Ford, and Daimler are testing Drive PX and Audi used Nvidia’s GPUs to help pilot some of its self-driving vehicles in the past. In fact Audi has claimed that it can be used to help normal car driving.

It said that the deep learning capabilities of Drive PX allowed its vehicles to learn certain self-driving capabilities in four hours instead of the two years that it took on competing systems.

According to Automotive News Europe Nvidia is working closely with Audi as its primary brand for Drive PX but then it will move to Volkswagen, Seat, Skoda, Lamborghini, and Bentley.
Tesla also appears to think that Nvida is a key element for driverless car technology. At the 2015 GPU Technology Conference last year, the company said that Tegra GPU’s will prove “really important for self-driving in the future.” Tesla does not use the Drive PX system yet, but it could go that way.

Courtesy-Fud

 

Is Intel Going To Dump McAfee

July 8, 2016 by  
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Intel has run out of ideas about what it is going to do with it its security business and is apparently planning to flog it off.

Five years ago Intel bought McAfee for $7.7bn acquisition. Two years ago it re-branded it as Intel Security. There was talk about chip based security and how important this would be as the world moved to the Internet of Things.

Now the company has discussed the future of Intel Security with bankers, including potentially the outfit. The semiconductor company has been shifting its focus to higher-growth areas, such as chips for data center machines and Internet-connected devices, as the personal-computer market has declined.

The security sector has seen a lot of interest from private equity buyers. Symantec said earlier this month it was acquiring Web security provider Blue Coat for $4.65 billion in cash, in a deal that will see Silver Lake, an investor in Symantec, enhancing its investment in the merged company, and Bain Capital, majority shareholder in Blue Coat, reinvesting $750 million in the business through convertible notes.

However Intel’s move into the Internet of Things does make it difficult for it to exit the security business completely. In fact some analysts think it will only sell of part of the business and keep some key bits for itself.

Courtesy-Fud

Is Tesla Poaching nVidia’s Engineers?

April 20, 2016 by  
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Tesla Motors,’ which has been poaching engineers from Apple and AMD, could be causing a few headaches for Nvidia.

MKM analyst Ian Ing pointed out that Nvidia and Tesla have partnered in machine-learning which is the key to autonomous driving. Nvidia’s own automotive segment grew 80 per cent to $320 million in revenue.

It had been known that Tesla is swiping Apple and AMD engineers, but the difficulty is that it also needs staff from its old chum Nvidia. Ing said that Apple and AMD staff are not as steeped in graphics processing units and machine learning as Nvidia’s staff.

“Although there are widely reportedly headlines that Tesla has been hiring chip architects from Apple and AMD, we note that expertise has been focused more on multi-purpose application processors vs. the GPU accelerators necessary for machine learning,” Ing wrote.

This could either pressure Nvidia to work more closely with Tesla, or it too might lose staff to the carmarker. However that might be a small headache for Nvidia which is doing obscenely well, according to Ing. He is suggesting everyone should buy Nvidia shares.

Courtesy-Fud

Is The Smartwatch Boom Really A Bust?

April 7, 2016 by  
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The bottom is dropping out of the smart watch industry as VC’s start to realise that the Apple dream is not making many people much dosh.

This week smartwatch maker Pebble CEO Eric Migicovsky blamed VCs for not giving him all the money he needs and laid off a quarter of its workforce.

Only a few years ago, Pebble was the darling of the crowdfunding crowd, having raised over $30 million on Kickstarter. This was when Apple was rumoured to be making one and the Tame Apple Press was claiming they were going to be the next big thing,

When Migicovsky confirmed the layoffs. He implied that VCs are now less keen on funding the dream.

Now Apple, which was said to be the market leader of smartwatches, has dropped the price of the Apple Watch by $50. It is probably not going to upgrade the next one with any serious bells and whistles. It looks like the only people who bought one were Apple’s hard core of fanboys who buy everything that Jobs’ Mob makes regardless of whether they need it.

The IDC sees wearable devices reaching 110 million by the end of 2016 which should be 38.2 percent growth. But it seems that this is not enough.

Fitbit was initially championed as an industry leader but this year saw its stock has been battered in 2016. It appears that Smartwatches haven’t set the market alight. Pebble’s rivals are Apple, Samsung, Motorola, LG and others. It also does not have any other businesses to fall back on.

Courtesy-Fud

Cisco Fixes Major Flaw

March 23, 2016 by  
Filed under Computing

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Cisco has patched high-impact vulnerabilities in several of its cable modem and residential gateway devices which are popular among those distributed by ISPs to their customers.

The embedded Web server in the Cisco Cable Modem with Digital Voice models DPC2203 and EPC2203 contains a buffer overflow vulnerability that can be exploited remotely without authentication.  Apparently all you need to do is send a crafted HTTP requests to the Web server and you could see some arbitrary code execution.

Cisco said that its customers should contact their service providers to ensure that the software version installed on their devices includes the patch for this issue.

The Web-based administration interfaces of the Cisco DPC3941 Wireless Residential Gateway with Digital Voice and Cisco DPC3939B Wireless Residential Voice Gateway are affected by a vulnerability that could lead to information disclosure. An unauthenticated, remote attacker could exploit the flaw by sending a specially crafted HTTP request to an affected device in order to obtain sensitive information from it.

The Cisco Model DPQ3925 8×4 DOCSIS 3.0 Wireless Residential Gateway with EDVA is affected by a separate vulnerability, also triggered by malicious HTTP requests, that could lead to a denial-of-service attack.

Hackers have been hitting modems, routers and other gateway devices, hard lately – especially those distributed by ISPs to their customers. By compromising such devices, attackers can snoop on, hijack or disrupt network traffic or can attack other devices inside local networks.

Courtesy-Fud

GM Buys Cruise Automation

March 21, 2016 by  
Filed under Around The Net

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General Motors the acquisition Cruise Automation for Cruise’s deep software talent and rapid development capability — a move designed to further accelerate GM’s development of autonomous vehicle technology.

Over the past two months, GM has entered into a $500 million alliance with ride-sharing company Lyft; formed Maven — its personal mobility brand for car-sharing fleets in many U.S. cities — and established a separate unit for autonomous vehicle development.

“This acquisition announcement clearly shows that GM is serious about developing the technology and controlling its own path to self-driving and driverless vehicles,” said Egil Juliussen, research director for IHS Automotive.

While GM did not disclose the financial details of the Cruise acquisition, reports estimated the purchase to be in the $1 billion range.

Founded in 2013, Cruise sells an aftermarket product that is positioned as a highway autopilot, according to IHS Automotive.

Vehicles using Cruise’s software cannot automatically changes lanes, but the technology does work at low speed and highway speed, meaning it’s classified between Level 2 and Level 3 in the National Highway Traffic Safety Administration’s levels of autonomous driving.

The NHTSA’s Level 3 includes limited self-driving automation and allows a driver to cede full control of all safety-critical functions under certain traffic or environmental conditions; Level 4 indicates a fully autonomous vehicle.

Cruise’s software was initially offered by Audi in its A4 and S4 vehicles as a $10,000 option that required installation work by Cruise. The product consisted of a sensor unit on top of the car and a computer in the trunk.

GM’s purchase of Cruise is likely to spur other carmakers “to react and determine what their strategy should be,” Juliussen said.

Other carmakers are likely to seek to become partners with Google and license Google’s self-driving and driverless software technology. Multiple manufacturers are likely to opt for a Google partnership, IHS said.

Source- http://www.thegurureview.net/aroundnet-category/gm-announces-acquisition-of-cruise-automation.html

FCC Approves Use Of BYOCB

February 11, 2016 by  
Filed under Around The Net

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In a sweeping change of course directed at a tightly controlled television industry, cable and satellite operators in the United States will now be obligated to let their customers freely choose which set-top boxes they can use, according to a proposal announced by the Federal Communications Commission on Wednesday.

The move is expected to have wide-ranging implications for large technology companies looking to get their brand names into every consumer’s living room. For example, under the new rules, Google, Amazon and Apple would now be allowed to create entertainment room devices that blend Internet and cable programming in a way the television industry has until now resisted. Next-generation media players, including the Chromecast, Fire TV and Apple TV, would now be granted permission to line the backs of their devices with coaxial inputs and internal “smart access card” equivalents integrated right into device firmware with a simple subscription activation process.

As the Wall Street Journal notes, Senators Edward Markey of Massachusetts and Richard Blumenthal of Connecticut investigated the cable set-top box market last summer and found that the cable industry generates roughly $19.1 billion in annual revenue from cable box rentals alone.

Meanwhile, the cost of cable set-top boxes has risen 185 percent since 1995, while the cost of PCs, televisions and smartphones has dropped by 90 percent. FCC Chairman Tom Wheeler admits that these economies of scale don’t need to remain so unbalanced any longer.

The FCC says its focus will be primarily on improving day-to-day television experience. In the past, the burdensome requirements of long-term contracts tethered to clunky, unsightly cable and satellite boxes has been a major source of customer complaints.

Wheeler has also said that access to specific video content shouldn’t be frustrating to the average consumer in an age where we are constantly surrounded by a breadth of information to sift through. “Improved search functions [can] lead consumers to a variety of video content that is buried behind guides or available on video services you can’t access with your set-top box today,” Wheeler says.

The FCC is expected to vote on the proposal on Thursday, February 18th. FCC Chairman Tom Wheeler’s full statement on the commission’s new proposal can be found here.

Courtesy-Fud

iOS Developers Warned About Taking Shortcuts

February 10, 2016 by  
Filed under Computing

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Slapdash developers have been advised not to use the open source JSPatch method of updating their wares because it is as vulnerable as a soft boiled egg, for various reasons.

It’s FireEye that is giving JSPatch the stink eye and providing the warning that it has rendered over 1,000 applications open to copy and paste theft of photos and other information. And it doesn’t end there.

FireEye’s report said that Remote Hot Patching may sound like a good idea at the time, but it really isn’t. It is so widely used that is has opened up a 1,220-wide iOS application hole in Apple users’ security. A better option, according to the security firm, is to stick with the Apple method, which should provide adequate and timely protection.

“Within the realm of Apple-provided technologies, the way to remediate this situation is to rebuild the application with updated code to fix the bug and submit the newly built app to the App Store for approval,” said FireEye.

“While the review process for updated apps often takes less time than the initial submission review, the process can still be time-consuming and unpredictable, and can cause loss of business if app fixes are not delivered in a timely and controlled manner.

“However, if the original app is embedded with the JSPatch engine, its behaviour can be changed according to the JavaScript code loaded at runtime. This JavaScript file is remotely controlled by the app developer. It is delivered to the app through network communication.”

Let’s not all make this JSPatch’s problem, because presumably it’s developers who are lacking.

FireEye spoke up for the open source security gear while looking down its nose at hackers. “JSPatch is a boon to iOS developers. In the right hands, it can be used to quickly and effectively deploy patches and code updates. But in a non-utopian world like ours, we need to assume that bad actors will leverage this technology for unintended purposes,” the firm said.

“Specifically, if an attacker is able to tamper with the content of a JavaScript file that is eventually loaded by the app, a range of attacks can be successfully performed against an App Store application.

Courteys-TheInq

Is Facebook Going Video?

February 9, 2016 by  
Filed under Around The Net

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Facebook is contemplating the development of a dedicated service or page where users will be able watch videos and not be bothered by other content.

The social network continues to see surging interest in video. During one day last quarter, its users watched a combined 100 million hours of video. Roughly 500 million users watch at least some video each day.

That’s a lot of video and a lot of viewers, and Facebook wants to capitalize on it.

“We are exploring a dedicated place on Facebook for when they just want to watch videos,” CEO Mark Zuckerberg said Wednesday during a conference call to discuss Facebook’s quarterly financial results.

But he was tight-lipped on how the video might actually be presented.

Asked if a stand-alone video app is in the cards, he mentioned the success of Messenger and a Facebook app for managing Pages. “I do think there are additional opportunities for this and we’ll continue looking at them,” he said.

Facebook wants to encourage more video viewing because it keeps users on the site longer, helping it to sell more ads.

“Marketers also really love video and it’s a compelling way to reach consumers,” COO Sheryl Sandberg said during the call.

Zuckerberg has been watching the growth of video for osme time. At a town hall meeting in November 2014, he predicted, ”In five years, most of [Facebook] will be video.”

And it’s likely that most of that video will be consumed over mobile networks.

Among Facebook’s heaviest users — the billion people who access it on a daily basis — 90 percent use a mobile device, either solely or in addition to their PC.

It’s financial results for the fourth quarter were strong. Revenue was $5.8 billion, up 52 percent from the same period in 2014, while net profit more than doubled to $1.6 billion.

http://www.thegurureview.net/aroundnet-category/facebook-exploring-a-dedicated-video-service.html

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