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

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

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

The researchers have worked out that slowing the speed of light to the extent that it moves slower than flowing electrons can create an “optical boom”, the optical equivalent of a sonic boom.

Slowing the speed of light is no mean feat, but the clever folks at MIT managed it by using the honeycomb shape of carbon to slow photons to slow photons to several hundredths of their normal speed in a free space, explained researcher Ido Kaminer.

Meanwhile, the characteristics of graphene speed up electrons to a million metres a second, or around 1/300 of the speed of light in a vacuum.

The optical boom is caused when the electrons passing though the graphene reach the speed of light, effectively breaking its barrier in the carbon honeycomb and causing a shockwave of light.

As electrons move faster than the trapped light, they bleed plasmons, a form of virtual particle that represents the oscillation of electrons on the graphene’s surface.

Effectively, it is the equivalent of turning electricity into light. This is nothing new – Thomas Edison did it a century ago with fluorescent tubes – but it can efficiently and controllably generate plasmons at a scale that works with microchip technology.

The discovery could allow chip components to be made from graphene to enable the creation of light-based circuits. These circuits could be the next step in the evolution of chip and computing technology, as the transfer of data through light is far faster than using electrons in today’s chips, even the fast pixel-pushing ones.

So much faster that it’s “six orders of magnitude higher than what is used in electronics”, according to Kaminer. That’s up to a million times faster in plain English.

“There’s a lot of excitement about graphene because it could be easily integrated with other electronics,” said physics professor Marin Soljačić, a researcher on the project, who is confident that MIT can turn this theoretical experiment into a working system. “I have confidence that it should be doable within one to two years.”

This is a pretty big concept and almost sci-fi stuff, but we’re always keen to see smaller and faster chips. It also shows that the future tech envisioned by the world of sci-fi may not be that far away.

Courtesy-TheInq

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

The FCC voted 3-2 last week to approve a notice of proposed rule-making, or NPRM, the first step toward passing new regulations, over the objections of the commission’s two Republicans.

The rules, which will now be released for public comment, require ISPs to get opt-in permission from customers if they want to use their personal information for most reasons besides marketing their own products.

Republican Commissioners Ajit Pai and Michael O’Rielly complained that the regulations target Internet service providers but not social networks, video providers and other online services.

“Ironically, selectively burdening ISPs, who are nascent competitors in online advertising, confers a windfall on those who are already winning,” Pai said. “The FCC targets ISPs, and only ISPs, for regulation.”

The proposed rules could prohibit some existing practices, including offering premium services in exchange for targeted advertising, that consumers have already agreed to, O’Rielly added. “The agency knows best and must save consumers from their poor privacy choices,” he said.

But the commission’s three Democrats argued that regulations are important because ISPs have an incredible window into their customers’ lives.

ISPs can collect a “treasure trove” of information about a customer, including location, websites visited, and shopping habits, said Commissioner Mignon Clyburn. “I want the ability to determine when and how my ISP uses my personal information.”

Broadband customers would be able to opt out of data collection for marketing and other communications-related services. For all other purposes, including most sharing of personal data with third parties, broadband providers would be required to get customers’ explicit opt-in permission.

The proposal would also require ISPs to notify customers about data breaches, and to notify those directly affected by a breach within 10 days of its discovery.

Courtesy- http://www.thegurureview.net/aroundnet-category/fcc-votes-to-tighten-broadband-providers-privacy-rules.html

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

This one is called Triada and it targets Android devices with Windows-style malware swagger. Anyone running Android 4.4.4 and earlier is in trouble, according to Kaspersky, as they face an opponent created by “very professional cyber criminals” that can allow for in-app purchase theft and all the problems that come with privilege escalation.

And guess what? Android users dangle themselves in the way of the Triada threat when they download things from untrusted sources. Does no one listen to anything these days? Does it even matter? Kaspersky said in a blog post that the likely apps can “sometimes” make their way onto the official Android store.

There is something different about this attack. Kaspersky reports on a lot of these things, but Triada exploits Zygote, and that is a first.

“A distinguishing feature of this malware is the use of Zygote, the parent of the application process on an Android device that contains system libraries and frameworks used by every application installed on the device. In other words, it’s a demon whose purpose is to launch Android applications,” Kaspersky explained.

“This is the first time technology like this has been seen in the wild. Prior to this, a trojan using Zygote was known only as a proof-of-concept. The stealth capabilities of this malware are very advanced.

“After getting into the user’s device Triada implements in nearly every working process and continues to exist in the short-term memory. This makes it almost impossible to detect and delete using anti-malware solutions.”

The security firm added that the complexity of Triada’s functionality proves that professional cyber criminals with a deep understanding of the targeted mobile platform are behind the creation of this malware.

Kaspersky reckons that it is nigh on impossible to rid a device of the malware, and suggested that you might as well nuke your phone and start again.

Courtesy-TheInq

Groupon has built its business model on the use of IBM’s patents, according to the complaint filed Wednesday in the federal court for the District of Delaware. “Despite IBM’s repeated attempts to negotiate, Groupon refuses to take a license, but continues to use IBM’s property,” according to the computing giant, which is asking the court to order Groupon to halt further infringement and pay damages.

IBM alleges that websites under Groupon’s control and its mobile applications use the technology claimed by the patents-in-suit for online local commerce marketplaces to connect merchants to consumers by offering goods and services at a discount.

About a year ago, IBM filed a similar lawsuit around the same patents against online travel company Priceline and three subsidiaries.

To develop the Prodigy online service that IBM launched with partners in the 1980s, the inventors of U.S. patents 5,796,967 and 7,072,849 developed new methods for presenting applications and advertisements in an interactive service that would take advantage of the computing power of each user’s PC and reduce demand on host servers, such as those used by Prodigy, IBM said in its complaint against Groupon.

“The inventors recognized that if applications were structured to be comprised of ‘objects’ of data and program code capable of being processed by a user’s PC, the Prodigy system would be more efficient than conventional systems,” it added.

Groupon is also accused of infringing U.S. Patent No.5,961,601, which was developed to find a better way of preserving state information in Internet communications, such as between an online merchant and a customer, according to IBM. Online merchants can use the state information to keep track of a client’s product and service selections while the client is shopping and then use that information when the client decides to make a purchase, something that stateless Internet communications protocols like HTTP cannot offer, it added.

Source- http://www.thegurureview.net/aroundnet-category/ibm-files-patent-infringement-lawsuit-against-groupon.html