President Obama recently signed an executive order, the National Strategic Computing Initiative (NSCI), with the intention of creating the first exaflop supercomputer. This computer would be about 30 times faster than today’s fastest machine, and would be geared toward the development of ongoing scientific and defense research projects. Although the supercomputer would be useful for a vary of governmental projects, many see this initiative as a response to China’s 33.86 petaflop Tianhe-2, now the fastest supercomputer in the world. Continue reading President Obama Signs Order for New Supercomputer Initiative

Comcast has turned to its theme park portfolio, which it acquired four years ago with its purchase of NBCUniversal, as a serious source of revenue. The company just committed to invest $1.6 billion to expand the Universal Studios Hollywood theme park in California — featuring a snow-capped Hogwarts Castle — and build a $3.25 billion theme park in Beijing, in partnership with Chinese companies, slated to open in 2019. Comcast invested $100 million for a new “Transformers” ride at Universal Orlando in 2013. Continue reading Comcast Commits to Theme Parks with Billions in Investment

Unnamed sources report that Microsoft has agreed to invest in Uber. Although details are not yet public, the company is expected to invest a significant portion of the upcoming $1 billion funding round that values Uber at around $51 billion. That new funding round — and the valuation — makes Uber one of the most highly valued private companies ever, along with startups such as Xiaomi, a Chinese electronics company valued at around $45 billion and Airbnb, valued at more than $24 billion. Continue reading Microsoft Reportedly Plans to Invest Significant Sum in Uber

Z Camera has introduced the E1 — a new 4K, micro four thirds (MFT) interchangeable-lens camera that is small enough to rival the GoPro line of action cams. The Chinese startup launched the E1 with a Kickstarter campaign that has so far generated more than $296,000 in pledges, well over its $42,000 goal. The E1 weighs more than twice the GoPro Hero4, but if equipped with a small enough lens, it can be attached to a drone like the DJI Phantom. The camera, now fully funded, will be produced in cooperation with Panasonic. Continue reading Startup Unveils Tiny 4K Camera with Interchangeable Lenses

In 2015, the FAA granted over 500 exemptions to farmers, railroads, security services and medical facilities that wanted to fly drones. Although FAA rules require all drones to have a human pilot and stay within the operator’s sight, it now plans to make exception to those rules. More drones are likely to fly as competitors come out with more, sometimes less expensive choices. The move also helps the U.S. catch up with drone use in Europe and Canada. Switzerland, for example, began trials of drone-delivered mail. Continue reading Over 500 FAA Exemptions in 2015 Open U.S. Skies to Drones

Netflix is ready to expand its original content beyond TV series to feature films. First, the service will release Cary Fukunaga’s “Beasts of No Nation” on October 16. The film will debut via Netflix and select U.S. theaters, which will make it eligible for industry awards. On December 11, Netflix will release “The Ridiculous Six,” the first of four Adam Sandler films it plans to distribute. And in Q1 2016, the sequel “Crouching Tiger, Hidden Dragon: The Green Legend” will be released globally on Netflix, theatrically in China and on IMAX. Continue reading Netflix Looking to Build its Brand with Original Feature Films

New language in China’s recently enacted national security law is generating major concern across the global technology industry. The rules call for a “national security review” of networking, tech products and services, and foreign investment. In addition, the rules call for crucial tech sectors to be made “secure and controllable,” which industry groups fear may suggest that back doors for allowing third-party access to systems would be necessary, perhaps even leading to the sharing of encryption keys or source code. Continue reading New Chinese Security Law Raises Concerns by Tech Industry

Liu Chunning, president of Alibaba’s Digital Entertainment arm, announced that the Chinese e-commerce giant is planning to launch a new subscription video service in two months called Tmall Box Office (TBO). “We aim to become [the equivalent of] HBO and Netflix in the U.S.,” he said during the Shanghai International Film Festival. The service will stream local movies and TV shows, imported content and original programming produced by Alibaba. The service will be available on Alibaba’s smart TVs and OTT box. Continue reading TBO: Alibaba Announces Plans for Subscription Video Service

The Interactive Advertising Bureau conducted a survey across 24 countries regarding smartphone video viewing. According to “Mobile Video Usage: A Global Perspective,” mobile screens are increasingly being used to stream longer-form video. Findings indicate that 36 percent of consumers watch videos daily that are 5 minutes or longer. Full movies and TV shows are also viewed on mobile screens, especially in China. Respondents (including 50 percent in the U.S.) indicate that their video viewing on smartphones has increased year-over-year. Continue reading Study: More Streaming of Long-Form Video on Mobile Screens

Analyst and venture capitalist Mary Meeker has released her annual Internet Trends report, noting that nearly everything is now being optimized for mobile, online video continues its upward trajectory, global Internet user growth is finally showing signs of slowing (as is smartphone adoption), the on-demand economy is healthier than ever, and diversity increasingly matters to the tech industry. Interestingly, Meeker points out that video was responsible for 64 percent of Internet traffic and 55 percent of mobile traffic last year. Continue reading Mary Meeker: Internet Growth is Slowing, Video Remains King

Alibaba is facing a growing problem with counterfeit goods that has led to some top brands taking legal action. The Chinese e-commerce giant is debuting a solution in the form of unique tags similar to QR codes. The company is working with Israeli startup Visualead to introduce dotless visual codes, which can be used to scan products to prove their authenticity and then automatically destroyed so they cannot be used more than once. Customers will use Alibaba’s Taobao mobile app to scan the codes when they receive their orders. Continue reading Alibaba Tests Dotless Visual Codes to Fight Counterfeit Goods

“Furious 7,” the latest installment in the “Fast and Furious” franchise, broke box office records last weekend, and that’s not even counting the people who watched the movie at home. From Thursday to Monday, the film had been illegally downloaded 2.59 million times on torrent networks. Meanwhile, fans could legally stream the movie on PRIMA, a streaming set-top box. For the luxury of streaming movies opening weekend, PRIMA users would have to shell out $500 for the 24-hour rental. Continue reading Pirates and the Wealthy Watching Theatrical Releases at Home

A new executive order signed by President Obama earlier this week aims to warn off foreign online hackers from targeting the United States. The order authorizes severe consequences to the individual or foreign party determined to be involved with any attack that may compromise the security, foreign policy, economic health, and financial stability of the U.S. Any violations of the policy could result in both financial and travel sanctions as regulated by the federal government. Continue reading President Obama Approves Order Against Foreign Cyberattacks

Nasdaq OMX, which owns the NASDAQ stock market, is trying to bolster its tech offerings by nurturing startups through its new Entrepreneurial Center. This 13,000-square-foot space in San Francisco is designed to help young companies grow and find a community. In the future, Nasdaq may be able to profit from some of these startups when they go public. Currently, Nasdaq faces stiff competition from the New York Stock Exchange in attracting tech companies to the stock market. Continue reading Nasdaq Launches an Entrepreneurial Center to Foster Startups

For the first time, the NFL will allow one football game to be streamed on a national digital platform. The league relies heavily on television to broadcast its games, but for this single broadcast next season, it is letting digital platforms bid for the rights. The game will be a week-seven matchup between the Buffalo Bills and the Jacksonville Jaguars to be played in London. The broadcast is slated for 9:30 am Eastern time, but that will be primetime in China where the NFL hopes to attract viewers. Continue reading NFL to Experiment Broadcasting One Game Online Next Season