Netflix continues to expand its game ecosystem. The company released a TV game controller for iOS devices earlier this month and has just begun beta testing its game streaming on TVs in Canada and the UK, with plans to begin tests for computer play in the coming weeks. Participating in the tests are partner devices including Amazon Fire TV Streaming Media Players, Chromecast with Google TV, LG TVs, Nvidia Shield TV, Roku devices and TVs, Samsung Smart TVs, and Walmart Onn, with plans for more manufacturers to be added on an ongoing basis. Continue reading Netflix Beta Tests Its Game Streaming on TVs and Computers

Amazon plans to enable palm-scan payments at the company’s 500-plus U.S. Whole Foods stores by year’s end with enrollment in Amazon One. Amazon Fresh grocery stores, select Panera restaurants, some stadiums and concert venues, and even a few Starbucks locations are said to be participating in the rollout. Amazon introduced hand-scanning sensor technology in 2020 in a bid to rival Google and Apple in the digital wallet sector. The e-retail giant now has the scanners installed in about 400 locations, some 150 of which are third-party owned, like the Hudson Group airport stores and Coors Field in Denver. Continue reading Amazon Palm-Scan Payment Plan to Challenge Apple, Google

Ransomware attacks have surged in the 12 months ending in June 2023, with the United States accounting for 43 percent of the 1,900 attacks reported — 7x greater than that of the second most popular target, the United Kingdom, at 196. The period marked a 75 percent increase in U.S. ransomware attacks, which were perpetrated by 48 different groups including CL0P, a gang believed to have ties to Russia. U.S. companies, governmental organizations and individual consumers were targeted during the period, with healthcare and educational institutions disproportionately impacted, according to a study by cybersecurity firm Malwarebytes. Continue reading U.S. Impacted by Significant Increase in Ransomware Attacks

Massachusetts-based editing software and services company Avid Technology has entered into an agreement with an affiliate of private equity firm STG for an all-cash transaction valued at approximately $1.4 billion, including Avid’s net debt. Unanimously approved by Avid’s board of directors, the deal is expected to close during the fourth quarter of 2023. Upon completion, Avid will become a privately-held company and its stock will no longer be traded on the Nasdaq exchange. The transaction, which will be financed through equity and debt financing, is subject to Avid stockholder and regulatory approvals. Continue reading Private Equity Firm STG Plans to Acquire Avid for $1.4 Billion

Charlie Ergen, founder and chairman of the Dish and EchoStar satellite broadband companies is merging the two units in an all-stock deal he says will better position his empire to compete with AT&T and Verizon in the market for next-generation wireless services. Dish, which operates Boost Mobile, currently has a deal with T-Mobile for 5G. FactSet places Dish’s current market value at just above $4 billion and EchoStar at nearly $2 billion. “This is a strategically and financially compelling combination that is all about growth and building a long-term sustainable business,” said Ergen. Continue reading Dish, EchoStar to Merge in Play for Next-Gen Wireless Market

Amazon’s AWS cloud-computing unit generated $22.1 billion in Q2, a 12 percent year-over-year gain that was a highlight in a strong quarter for the e-commerce giant. The company generated a total of $134.4 billion in revenue for the period ending in June, an 11 percent increase over the prior year. Advertising was also strong, jumping 22 percent to $10.68 billion. Cost-cutting and rebounding e-commerce helped propel the Seattle-based company to a quarterly profit of $6.75 billion (its strongest performance since Q4 2021), which contrasted sharply with a loss in the same period last year. Continue reading AWS, Advertising Drive Amazon to 11 Percent Revenue Gain

Meta Platforms had a successful Q2, reporting double-digit growth for the first time since Q4 2021. The performance was attributed to a rebound in the digital advertising sector. The good news comes with a warning, as the company says it plans to increase spending on virtual reality and artificial intelligence next year. The parent of Facebook and Instagram reported revenue of just under $32 billion for the period ending June 30, an 11 percent gain over 2022. Advertising contributed a whopping $31.5 billion, growing nearly 12 percent year-over-year. Continue reading Meta Sees Double-Digit Growth for the First Time Since 2021

Microsoft Cloud drove record sales and profits for Q2, which saw a year-over-year revenue gain of 8 percent to $56.2 billion for April through June. Net income topped $20 billion, a 20 percent gain that beat analyst expectations and the company’s own estimates. Microsoft Cloud revenue for Q2 was up 21 percent, to $30.3 billion. And the company is beginning to see the results of its investments in artificial intelligence. Q2 is Microsoft’s second record-setting quarter this year, topping the three-month high of $52.9 billion in Q1. The previous profit record was $18.8 billion in Q4 2021. Continue reading Microsoft Q2 Marks a Quarterly Sales Record of $56.2 Billion

Cerebras Systems has unveiled the Condor Galaxy 1, powered by nine networked supercomputers designed for a total of 4 exaflops of AI compute via 54 million cores. Cerebras says the CG-1 greatly accelerates AI model training, completing its first run on a large language AI trained for Abu Dhabi-based G42 in only 10 days. Cerebras and G42 have partnered to offer the Santa Clara, California-based CG-1 as a cloud service, positioning it as an alternative to Nvidia’s DGX GH200 cloud supercomputer. The companies plan to release CG-2 and CG-3 in early 2024. Continue reading Cerebras, G42 Partner on a Supercomputer for Generative AI

Microsoft is launching Bing Chat Enterprise, a business-focused version of Bing Chat with data privacy and governance controls. The company is also introducing Visual Search in Bing Chat and new AI features for Azure, revealed at its Inspire 2023 conference this week. In addition, the cloud-based Copilot plan “combines the power of large language models with your data in the Microsoft Graph and Microsoft 365 apps” for a new way of working using only natural language prompts. Currently in early access, Copilot will be priced at $30 per user per month for Microsoft 365 E3, E5, Business Standard and Business Premium subscribers. Continue reading Microsoft Intros Bing Chat Enterprise, New AI Tools for Azure

There’s a new kind of cloud on the block, Wing Cloud, which features an open-source code called Winglang that drives cross-platform development across AWS, Azure, Google Cloud and Kubernetes, among others. Wing Cloud has emerged from stealth mode with $20 million in seed funding and offers “a new kind of abstract cloud” that “doesn’t involve data centers, machines or provisioning engines.” The software-based Wing Cloud visual layer is accessible through a general purpose computing model that operationally unifies infrastructure and application. Continue reading Wing Cloud Develops Unified Open-Source Coding Language

Bozeman, Montana-based DaaS firm Snowflake has partnered with Nvidia to let clients customize LLMs (large language models) using proprietary data in the Snowflake Data Cloud. Nvidia’s NeMo platform and GPU-accelerated computing will power the effort to tailor models to specific business use cases, such as chatbots with category expertise as opposed to generalists, search engines attuned to context or generative text deep knowledge. Since most companies are eager to harness brand-specific AI without having to build a model from scratch, this category of service is generating a lot of interest. Continue reading Nvidia’s NeMo Delivers AI Customization to Snowflake Cloud

The Entertainment Technology Center@USC has released the third installment of its case study, “Fathead: Virtual Production & Beyond.” Section 3 of the four-part white paper is “State of the Industry: Beyond Trends,” which discusses “where we’re at, and where we’re going” and features compelling interviews with thought leaders from companies including The Third Floor, Stargate Studios, Orbital Virtual Studios, Vū Technologies, Lux Machina, nDisplay, Epic Games and Unity Technologies. Click here to access Section 3 and we’ll post announcements when the final section — “Fathead: A Proof-of-Concept Short Film” — becomes available. Continue reading ETC Releases Section 3 of Its Virtual Production White Paper

Meta Platforms is marketing its Quest catalog with the new monthly VR subscription game service Meta Quest+. For a monthly fee of $7.99 or $59.99 annually, Quest 2 and Quest Pro enthusiasts will gain access to two hand-picked VR titles per month that they can download and play through the life of their subscription. The “browse less and play more” approach aims to provide users an easy point of entry to explore the Meta Quest catalog. Available as of this week, Meta CEO Mark Zuckerberg announced the Quest+ pass Monday on Meta’s Instagram channel. Those who sign up through July 31 get their first month for $1. Continue reading Meta Announces Quest+ Subscription Service for VR Games

Amazon Web Services (AWS) is investing $100 million to fund a global AI accelerator, aiming to link its machine learning initiatives with experts, customers and partners worldwide. Twilio, Highspot, Lonely Planet and Ryanair are among the first companies to get onboard with the AWS Generative AI Innovation Center to develop new applications. “Through free workshops, engagements and training, AWS will help customers imagine and scope the use cases that will create the greatest value for their businesses, based on best practices and industry expertise,” the company explains. Continue reading AWS Invests $100 Million in Generative AI Innovation Center