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Intel Sheds McAfee
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 Intel Going To Dump McAfee
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
Elon Musk Opens Gym For AI Programmers
Techie entrepreneur Elon Musk has rolled out an open-source training “gym” for artificial-intelligence programmers.
It’s an interesting move for a man who in 2014 said artificial intelligence, or A.I., will pose a threat to the human race.
“I think we should be very careful about artificial intelligence,” Musk said about a year and a half ago during an MIT symposium. “If I were to guess at what our biggest existential threat is, it’s probably that… with artificial intelligence, we are summoning the demon. In all those stories with the guy with the pentagram and the holy water, and he’s sure he can control the demon. It doesn’t work out.”
Today, Musk is moving to help programmers use A.I. and machine learning to build smart robots and smart devices.
“We’re releasing the public beta of OpenAI Gym, a toolkit for developing and comparing reinforcement learning (RL) algorithms,” wrote Greg Brockman, OpenAI’s CTO, and John Schulman, a scientist working with OpenAI, in a blog post . “We originally built OpenAI Gym as a tool to accelerate our own RL research. We hope it will be just as useful for the broader community.”
The OpenAI Gym is meant as a tool for programmers to use to teach their intelligent systems better ways to learn and develop more complex reasoning. In short, it’s meant to make smart systems smarter.
Musk is a co-chair of OpenAI, a $1 billion organization that was unveiled last December as an effort focused on advancing artificial intelligence that will benefit humanity.
While Musk has warned of what he sees as the perils of A.I., it’s also a technology that he needs for his businesses.
The OpenAI Gym is made up of a suite of environments, including simulated robots and Atari games, as well as a site for comparing and reproducing results.
It’s focused on reinforcement learning, a field of machine learning that involves decision-making and motor control.
According to OpenAI, reinforcement learning is an important aspect of building intelligent systems because it encompasses any problem that involves making a sequence of decisions. For instance, it could focus on controlling a robot’s motors so it’s able to run and jump, or enabling a system to make business decisions regarding pricing and inventory management.
Two major challenges for developers working with reinforcement learning are the lack of standard environments and the need for better benchmarks.
Musk’s group is hoping that the OpenAI Gym addresses both of those issues.
Source- http://www.thegurureview.net/aroundnet-category/elon-musk-opens-training-gym-for-ai-programmers.html
McAfee’s Biometric Software Coming Soon
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A McAfee security product that will use biometric technology to authenticate users will be available for download by the end of the year, said Kirk Skaugen, senior vice president and general manager of the PC Client Group at Intel, last week.
“Your biometrics basically eliminate the need for you to enter passwords for Windows log in and eventually all your websites ever again,” Skaugen said.
Further product details were not immediately available. But one of the major inconveniences in using PCs and tablets is remembering passwords, which biometrics can tame.
An average user has about 18 passwords and biometric authentication will make PCs easier to use, Skaugen said.
Biometric authentication isn’t new. It’s being used in Apple Pay, where fingerprint authentication helps authorize credit card payments through the iPhone or iPad. Intel has been working on multiple forms of biometric authentication through fingerprint, gesture, face and voice recognition.
McAfee is owned by Intel, and the chip maker is building smartphone, tablet and PC technology that takes advantage of the security software. Intel has also worked on biometric technology for wearable devices like SMS Audio’s BioSport In-Ear Headphones, which can measure a person’s heart rate.
Intel also wants to make PCs and tablets easier to use through wireless charging, display, docking and data transfers. Such capabilities would eliminate the need to carry power brick and cables for displays and data transfers. Such capabilities will start appearing in laptops next year with sixth-generation Core chips code-named Skylake, which will be released in the second half.
Google Buys A.I. Firm
Google has purchased DeepMind Technologies, an artificial intelligence company in London, reportedly for $400 million.
A Google representative confirmed the via email, but said the company’s isn’t providing any additional information at this time.
News website Re/code said in a report this past Sunday that Google was paying $400 million for the company, founded by games prodigy and neuroscientist Demis Hassabis, Shane Legg and Mustafa Suleyman.
The company claims on its website that it combines “the best techniques from machine learning and systems neuroscience to build powerful general-purpose learning algorithms.” It said its first commercial applications are in simulations, e-commerce and games.
Google announced this month it was paying $3.2 billion in cash to acquire Nest, a maker of smart smoke alarms and thermostats, in what is seen as a bid to expand into the connected home market. It also acquired in January a security firm called Impermium, to boost its expertise in countering spam and abuse.
The Internet giant said on a research site that much of its work on language, speech, translation, and visual processing relies on machine learning and artificial intelligence. “In all of those tasks and many others, we gather large volumes of direct or indirect evidence of relationships of interest, and we apply learning algorithms to generalize from that evidence to new cases of interest,” it said.
In May, Google launched a Quantum Artificial Intelligence Lab, hosted by NASA’s Ames Research Center. The Universities Space Research Association was to invite researchers around the world to share time on the quantum computer from D-Wave Systems, to study how quantum computing can advance machine learning.
Google Encrypts Data
August 27, 2013 by admin
Filed under Around The Net
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Google officially announced it will by default encrypt data warehoused in its Cloud Storage service.
The server-side encryption is now active for all new data written to Cloud Storage, and older data will be encrypted in the coming months, wrote Dave Barth, a Google product manager, in a blog post.
“If you require encryption for your data, this functionality frees you from the hassle and risk of managing your own encryption and decryption keys,” Barth wrote. “We manage the cryptographic keys on your behalf using the same hardened key management systems that Google uses for our own encrypted data, including strict key access controls and auditing.”
The data and metadata around an object stored in Cloud Storage is encrypted with a unique key using 128-bit Advanced Encryption Standard algorithm, and the “per-object key itself is encrypted with a unique key associated with the object owner,” Barth wrote.
“These keys are additionally encrypted by one of a regularly rotated set of master keys,” he wrote. “Of course, if you prefer to manage your own keys then you can still encrypt data yourself prior to writing it to Cloud Storage.”
Data collection programs revealed by former U.S. National Security Agency contractor Edward Snowden have raised questions about U.S. government data requests made to Internet companies such as Google for national security investigations.
A Google spokeswoman said via email the company does not provide encryption keys to any government and provides user data only in accordance with the law.
“Our legal team reviews each and every request, and we frequently push back when the requests appear to be fishing expeditions or don’t follow the correct process,” she wrote. “When we are required to comply with these requests, we deliver it to the authorities. No government has the ability to pull data directly from our servers or network.”
Verizon Introduces HSN For Financial Firms
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Verizon on Wednesday launched a new low-latency network for financial services firms that can complete a stock transaction between New York and Chicago in as little as 14.5 milliseconds.
The new Verizon Financial Network Premier Low-Latency Service shaves as much as 5 milliseconds off the company’s current offering, a change that can translate into millions of dollars for high-frequency traders.
The new service, which becomes part of the Verizon Financial Network, uses higher performance networking technology from Ciena and takes the shortest possible path between the two metropolitan areas, according to Verizon.
Verizon is targeting the service to global banks, hedge funds, pre- and post-trade service firms and money managers who use high-performance computing algorithms and networks for speedy transactions.
High-frequency trading firms require low-latency networks to execute arbitrage transactions and algorithmic trading with minimal delay. Fiber distance between trading locations introduces latency, as does the equipment used to light the fiber.
Verizon plans on expanding the new high-speed network to other U.S. markets later this year.
CME Group, a financial derivatives marketplace, plans to use the new Verizon service in its Aurora, Ill., data and colocation center to enable companies in Chicago and New York to trade on CME Group’s platforms and more quickly exchange market data.
“We’re creating a secure, reliable high-speed path along one of the busiest financial trading routes,” Chandan Sharma, managing director of Verizon’s financial vertical markets, said in a statement.
Google SEARCH Goes SSL
Google is finally taking privacy seriously to a degree by offering its users a secure form of searching while using Google Search. Moving forward users will have the opportunity to enable SSL (Secure Socket Layer) for added security. Be advised, the service will only cover the Google search and clicks made through Google to other non-secured sites will be visible.