Founded in 2014, California-based Nervana offers a hosted platform for deep learning that’s optimized “from algorithms down to silicon” to solve machine-learning problems, the startup says.

Businesses can use its Nervana cloud service to build and deploy applications that make use of deep learning, a branch of AI used for tasks like image recognition and uncovering patterns in large amounts of data.

Also of interest to Intel, Nervana is developing a specialty processor, known as an ASIC, that’s custom built for deep learning.

Financial terms of the deal were not disclosed, but one estimate put the value above $350 million.

“We will apply Nervana’s software expertise to further optimize the Intel Math Kernel Library and its integration into industry standard frameworks,” Diane Bryant, head of Intel’s Data Center Group, said in a blog post. Nervana’s expertise “will advance Intel’s AI portfolio and enhance the deep-learning performance and TCO of our Intel Xeon and Intel Xeon Phi processors.”

Though Intel also acquired AI firm Saffron late last year, the Nervana acquisition “clearly defines the start of Intel’s AI portfolio,” said Paul Teich, principal analyst with Tirias Research.

“Intel has been chasing high-performance computing very effectively, but their hardware-design teams missed the convolutional neural network transition a few years ago,” Teich said. CNNs are what’s fueling the current surge in artificial intelligence, deep learning and machine learning.

As part of Intel, Nervana will continue to operate out of its San Diego headquarters, cofounder and CEO Naveen Rao said in a blog post.

The startup’s 48-person team will join Intel’s Data Center Group after the deal’s close, which is expected “very soon,” Intel said.

Source- http://www.thegurureview.net/aroundnet-category/intel-to-acquire-deep-learning-company-nervana.html

While investors believe privately owned Spotify is probably heading for a public listing, some industry analysts see the loss-making company as a takeover target for a larger tech giant with deeper pockets.

“My selfish ambition with Spotify is just trying to show … that we can create one of those super companies here in Europe,” he told journalists at the symposium Brilliant Minds, which aims to bring artists and musicians together with the tech community.

Asked if that meant he was not up for selling the firm, Ek said: “I’m not going to sell, no.”

Spotify, founded in 2006, pays more than 80 percent of its revenue to record labels and artists and has not yet shown a profit as it spends to grow internationally. It competes in a business crowded with formidable rivals such as Apple Music, Google Music and YouTube.

Many other European tech start-ups have been swallowed up by bigger Silicon Valley competitors.

Ek said Silicon Valley got an earlier start in building up its tech giants but that Europe finally has the right conditions to support its own entrepreneurs.

“For the first time now there’s an ecosystem around it with capital and experience that can actually help guide entrepreneurs,” he said.

“The number one advice I tell everyone is ‘don’t sell’, because that’s the biggest problem we have. All these things could grow gigantic if you just kept the course and kept doing what you’re doing,” he added.

Last year Spotify made an operating loss of 184.5 million euros ($205 million), widening from 165.1 million in 2014.

Spotify, whose investors include Northzone, DST Global and Accel, does not disclose details about its ownership but the co-founders no longer own a majority, having sold off stakes.

Courtesy-http://www.thegurureview.net/aroundnet-category/spotify-says-no-to-sales-rumor.html

Once a die-hard cloud holdout, Oracle has been making up for lost time by buying a foothold in specific industries through acquisitions such as this one. Last week’s Textura buy gave it a leg up in engineering and construction.

“It’s a good move on Oracle’s part, and it definitely strengthens Oracle’s cloud story,” said Frank Scavo, president of Computer Economics.

Opower’s big-data platform helps utilities improve customer service, reduce costs and meet regulatory requirements. It currently stores and analyzes more than 600 billion meter readings from 60 million end customers. Opower claims more than 100 global utilities among its clients, including PG&E, Exelon and National Grid.

Opower will continue to operate independently until the transaction closes, which is expected later this year. The union will create the largest provider of mission-critical cloud services to an industry that’s worth $2.3 trillion, Oracle said.

Oracle’s Utilities business delivers applications and cloud services that automate core operational processes and enable compliance for global electric, gas and water utilities.

“Oracle’s industry organizations maintain unique domain knowledge, specialized expertise and focused product investments,” said Rodger Smith, a senior vice president who leads the Utilities global business unit, in a letter to customers and partners. “This model has proven highly successful across several industries, and we look forward to bringing these same benefits to the customers of Opower.”

Source- http://www.thegurureview.net/aroundnet-category/oracle-pushes-deeper-into-cloud-computing-with-another-acquisition.html

Verizon acquired AOL last June for $4.4 billion – its first big foray into the advertising-supported Internet business – and it is not yet clear how well the unit is performing financially. Subsequent moves, including the takeover of much of Microsoft Corp’s advertising technology business, a deal to buy Millennial Media for about $250 million and the recent launch of the mobile video service go90, are also too recent to assess.

Yet analysts have given the big phone company high marks for allowing AOL to operate independently and folding in other recent acquisitions without much drama. And they said Armstrong seems to be driving Verizon’s recent moves in go90 and recent acquisitions.

“The management puts a lot of faith in Armstrong,” BTIG analyst Walt Piecyk said.

That faith derives in part from the belief that Armstrong did a good job at left-for-dead AOL, especially in assembling a strong set of products to deliver targeted digital ads to customers.

Combining AOL and Yahoo, an idea that has come up many times over the years, could instantly make Yahoo a major player in Internet advertising, with Armstrong – one of the world’s top ad executives – at the helm, analysts said.

Armstrong “has good M&A experience, and a pretty solid ad tech stack,” B. Riley & Co analyst Sameet Sinha said.

Verizon’s hands-off approach that has worked with AOL, though, might not be suitable if the far-bigger Yahoo were taken over. With Yahoo’s struggling business, “the luxury of autonomy is simply not there,” Recon Analytics analyst Roger Entner said.

Verizon, AOL and Yahoo declined to comment.

Source- http://www.thegurureview.net/aroundnet-category/verizon-emerges-as-favorite-bidder-for-yahoo.html

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

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