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Telcos fear Big Tech will bleed them until they can’t afford network buildsThe GSMA would say that, yet Big Tech is making it harder for carriers to turn a quidContinue reading
Telcos risk missing out on revenue needed to fund new networks, despite demand for their services soaring – and Big Tech is to blame.
That’s the thrust of GSM Association’s 2022 Internet Value Chain Report, released yesterday.
The Association considers the internet value to chain to comprise revenue won by all players involved in the end-to-end service experienced by end users using the internet for any purpose. The report suggests the value of that chain has grown markedly, from $3.3 trillion in 2015 to $6.7 trillion in 2020, helped by growth in the online population from 3.2 billion to 4.4 billion.
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Venezuelan cardiologist charged with designing and selling ransomwareIf his surgery was as bad as his opsec, this chap has caused a lot of troubleContinue reading
The US Attorney’s Office has charged a 55-year-old cardiologist with creating and selling ransomware and profiting from revenue-share agreements with criminals who deployed his product.
A complaint [PDF] filed on May 16th in the US District Court, Eastern District of New York, alleges that Moises Luis Zagala Gonzalez – aka “Nosophoros,” “Aesculapius” and “Nebuchadnezzar” – created a ransomware builder known as “Thanos”, and ransomware named “Jigsaw v. 2”.
The self-taught coder and qualified cardiologist advertised the ransomware in dark corners of the web, then licensed it ransomware to crooks for either $500 or $800 a month. He also ran an affiliate network that offered the chance to run Thanos to build custom ransomware, in return for a share of profits.
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China reveals its top five sources of online fraud'Brushing' tops the list, as quantity of forbidden content continue to riseContinue reading
China’s Ministry of Public Security has revealed the five most prevalent types of fraud perpetrated online or by phone.
The e-commerce scam known as “brushing” topped the list and accounted for around a third of all internet fraud activity in China. Brushing sees victims lured into making payment for goods that may not be delivered, or are only delivered after buyers are asked to perform several other online tasks that may include downloading dodgy apps and/or establishing e-commerce profiles. Victims can find themselves being asked to pay more than the original price for goods, or denied promised rebates.
Brushing has also seen e-commerce providers send victims small items they never ordered, using profiles victims did not create or control. Dodgy vendors use that tactic to then write themselves glowing product reviews that increase their visibility on marketplace platforms.
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Oracle really does owe HPE $3b after Supreme Court snubAppeal petition as doomed as the Itanic chips at the heart of decade-long dramaContinue reading
The US Supreme Court on Monday declined to hear Oracle's appeal to overturn a ruling ordering the IT giant to pay $3 billion in damages for violating a decades-old contract agreement.
In June 2011, back when HPE had not yet split from HP, the biz sued Oracle for refusing to add Itanium support to its database software. HP alleged Big Red had violated a contract agreement by not doing so, though Oracle claimed it explicitly refused requests to support Intel's Itanium processors at the time.
A lengthy legal battle ensued. Oracle was ordered to cough up $3 billion in damages in a jury trial, and appealed the decision all the way to the highest judges in America. Now, the Supreme Court has declined its petition.
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Infusion of $3.5bn not enough to revive Terra's 'stablecoin'Estimated $42bn vanished with collapse of UST, Luna – we explain what all this meansContinue reading
TerraUSD, a so-called "stablecoin," has seen its value drop from $1 apiece a week ago to about $0.09 on Monday, demonstrating not all that much stability.
The cryptocurrency token, abbreviated UST, is supposed to be pegged to the price of the US dollar. Hence the "stable" terminology.
But UST is not a "centralized stablecoin" that's exchangeable for a fiat currency; UST for USD (US dollars). Rather, it's a "decentralized stablecoin," meaning it can be exchanged for Luna (LUNA) tokens, another cryptocurrency tied to the Terra blockchain.
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DigitalOcean tries to take sting out of price hike with $4 VMCloud biz says it is reacting to customer mix largely shifting from lone devs to SMBsContinue reading
DigitalOcean attempted to lessen the sting of higher prices this week by announcing a cut-rate instance aimed at developers and hobbyists.
The $4-a-month droplet — what the infrastructure-as-a-service outfit calls its virtual machines — pairs a single virtual CPU with 512 MB of memory, 10 GB of SSD storage, and 500 GB a month in network bandwidth.
The launch comes as DigitalOcean plans a sweeping price hike across much of its product portfolio, effective July 1. On the low-end, most instances will see pricing increase between $1 and $16 a month, but on the high-end, some products will see increases of as much as $120 in the case of DigitalOceans’ top-tier storage-optimized virtual machines.
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GPL legal battle: Vizio told by judge it will have to answer breach-of-contract claimsFine-print crucially deemed contractual agreement as well as copyright license in smartTV source-code caseContinue reading
The Software Freedom Conservancy (SFC) has won a significant legal victory in its ongoing effort to force Vizio to publish the source code of its SmartCast TV software, which is said to contain GPLv2 and LGPLv2.1 copyleft-licensed components.
SFC sued Vizio, claiming it was in breach of contract by failing to obey the terms of the GPLv2 and LGPLv2.1 licenses that require source code to be made public when certain conditions are met, and sought declaratory relief on behalf of Vizio TV owners. SFC wanted its breach-of-contract arguments to be heard by the Orange County Superior Court in California, though Vizio kicked the matter up to the district court level in central California where it hoped to avoid the contract issue and defend its corner using just federal copyright law.
On Friday, Federal District Judge Josephine Staton sided with SFC and granted its motion to send its lawsuit back to superior court. To do so, Judge Staton had to decide whether or not the federal Copyright Act preempted the SFC's breach-of-contract allegations; in the end, she decided it didn't.
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US brings first-of-its-kind criminal charges of Bitcoin-based sanctions-bustingCitizen allegedly moved $10m-plus in BTC into banned nationContinue reading
US prosecutors have accused an American citizen of illegally funneling more than $10 million in Bitcoin into an economically sanctioned country.
It's said the resulting criminal charges of sanctions busting through the use of cryptocurrency are the first of their kind to be brought in the US.
Under the United States' International Emergency Economic Powers Act (IEEA), it is illegal for a citizen or institution within the US to transfer funds, directly or indirectly, to a sanctioned country, such as Iran, Cuba, North Korea, or Russia. If there is evidence the IEEA was willfully violated, a criminal case should follow. If an individual or financial exchange was unwittingly involved in evading sanctions, they may be subject to civil action.
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Meta hires network chip guru from Intel: What does this mean for future silicon?Why be a customer when you can develop your own custom semiconductorsContinue reading
Analysis Here's something that should raise eyebrows in the datacenter world: Facebook parent company Meta has hired a veteran networking chip engineer from Intel to lead silicon design efforts in the internet giant's infrastructure hardware engineering group.
Jon Dama started as director of silicon in May for Meta's infrastructure hardware group, a role that has him "responsible for several design teams innovating the datacenter for scale," according to his LinkedIn profile. In a blurb, Dama indicated that a team is already in place at Meta, and he hopes to "scale the next several doublings of data processing" with them.
Though we couldn't confirm it, we think it's likely that Dama is reporting to Alexis Bjorlin, Meta's vice president of infrastructure hardware who previously worked with Dama when she was general manager of Intel's Connectivity group before serving a two-year stint at Broadcom.
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Lithium production needs investment to keep pace with battery demandReport says $42b will need to be poured into industry over next decadeContinue reading
Growing demand for lithium for batteries means the sector will need $42 billion of investment to meet the anticipated level of orders by the end of the decade, according to a report.
Lithium is used in batteries that power smartphones and laptops, but there is also rising use in electric vehicles which is putting additional pressure on supplies.
The report, Benchmark Mineral Intelligence, predicts that demand will reach 2.4 million tons of lithium carbonate equivalent by 2030, roughly four times the 600,000 tons of lithium forecast to be produced this year.
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Cars in driver-assist mode hit a third of cyclists, all oncoming cars in testsStill think we're ready for that autonomous future?Continue reading
Autonomous cars may be further away than believed. Testing of three leading systems found they hit a third of cyclists, and failed to avoid any oncoming cars.
The tests [PDF] performed by the American Automobile Association (AAA) looked at three vehicles: a 2021 Hyundai Santa Fe with Highway Driving Assist; a 2021 Subaru Forester with EyeSight; and a 2020 Tesla Model 3 with Autopilot.
According to the AAA, all three systems represent the second of five autonomous driving levels, which require drivers to maintain alertness at all times to seize control from the computer when needed. There are no semi-autonomous cars generally available to the public that are able to operate above level two.
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