Expectations and hunches don't belong in a smart investment strategy.
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Sun, 09/26/2021 - 9:00am
Expectations and hunches don't belong in a smart investment strategy.
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Amazon is reportedly gearing up to invest nearly $150 billion over the next 15 years in data centers. This substantial financial commitment will equip the cloud-computing giant with the necessary resources to manage a projected rise in demand for AI applications and various digital services. Bloomberg reports that this investment is a strategic display of dominance, to preserve Amazon’s leading position in the cloud services sector.
More | Talk | Read It Later | ShareResearchers have found that thousands of servers, running AI infrastructure, have been hacked in an active attack campaign. This attack targets a reported vulnerability in Ray, a computing framework used by the likes of OpenAI, Uber, and Amazon. According to analysts at Oligo, a cybersecurity firm, the vulnerability allows attackers to take over the companies’ computing power and leak sensitive data.
More | Talk | Read It Later | ShareThe cryptocurrency Ether (ETH) hits the one million validator milestone with 32 million Ether currently staked. This 32 million is valued at around $114 billion according to current market prices. According to one report on Cointelegraph “the network achieved a validator count of one million, with the 32 million ETH staked accounting for 26% of the total supply.” The CEO of BlackRock, Larry Fink, caused a surge in the price of Ethereum this week after his comments on a recent interview panel.
More | Talk | Read It Later | ShareIn an effort to cut costs, Sega announced that they will be laying off 240 staff across three subsidiary companies as well as selling Relic Entertainment to an external private investor. The job losses will be spread across three of Sega’s subsidiaries: Sega HARDLight (responsible for multiple Sonic The Hedgehog franchise games), Sega Europe, and Creative Assembly (developers of the popular Total War series). Relic Games stated in a post on X that they plan to continue to support Company of Heroes 3 and that they view the transition from Sega subsidiary to an independent development studio as a positive one. Important Update from Relic Entertainment pic.twitter.com/nCcF8olDaC — Relic Entertainment (@relicgames) March 28, 2024 Why is Sega conducting layoffs and selling subsidiary companies? According to the press release from Sega, it has been forced to perform layoffs due to the “rapidly changing” business environment, citing a “reactionary decline from the stay-at-home demand in COVID-19 and the economic downturn due to inflation,” meaning that “profitability has been lowered.” Eurogamer was able to see an internal email from Jurgen Post, European managing director at Sega, which confirmed that some laid-off staff members found out about the layoffs from social media before they were informed personally. “Due to the nature of this announcement and our legal obligations in Japan, we were unable to share any detail with you until now,” Post wrote.
More | Talk | Read It Later | ShareStealthMole, a rising dark web data intelligence startup, has announced that it secured $7 million in a Series A funding round. We’re incredibly excited to announce that StealthMole has just closed a US$7 million Series A funding round! A huge thank you to all our investors, partners, customers, and our incredible team for their unwavering support that has allowed us to reach this significant milestone.… — Fusion Intelligence Center @ StealthMole (@stealthmole_int) March 28, 2024 The Singapore-based outlet said in a blog post that funds will be channeled towards StealthMole’s expansion into new markets, and supporting its efforts to apply its technology to more commercial uses. The funding round was led by Korea Investment Partners (KIP), a multinational joint venture between RHL Ventures, Penjana Kapital, and KB Investment called Hibiscus Fund, as well as Smilegate Investment. The company says it traces criminals using 255 billion analyzed data points from the dark web, deep web, and various hidden sources while leveraging advanced AI.
More | Talk | Read It Later | ShareBuilding on initial reports in February, leaked images of the supposed upcoming disc-less Xbox Series X have surfaced. eXputer has revealed exclusive leaked images of the new version of Microsoft’s console. It appears that the new drive-less Series X will be available in the same ‘robot white’ color that the Series S is currently available in. Very few details are known at present but the lack of a disc drive means that the new version of the Series X will probably retail around $50 – $100 cheaper than the current version.
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