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Updated 2024-11-22 06:30
Don’t accidentally hire a North Korean hacker, FBI warns
Employing remote IT workers who are secretly working for Kim Jong-un’s regime poses risks and may breach sanctions, say US agenciesUS officials have warned businesses against inadvertently hiring IT staff from North Korea, saying that rogue freelancers were taking advantage of remote work opportunities to hide their true identities and earn money for Pyongyang.An advisory issued by the state and treasury departments and the FBI said the effort was intended to circumvent US and UN sanctions, and bring in money for North Korea’s nuclear weapons and ballistic missile programs. The officials said companies who hired and paid such workers may be exposing themselves to legal consequences for sanctions violations. Continue reading...
‘Think Before You Link’: app launched to help social media users detect fake profiles
Ken McCallum, the director general of M15, said malicious profiles were being used on an ‘industrial scale’A mobile phone app has been launched that will help social media users to detect fake profiles and speed up their removal.The Think Before You Link app will help people to spot characteristics of fraudulent profiles used by spies and other malicious actors, according to the Cabinet Office and the Centre for the Protection of National Infrastructure. Continue reading...
Brace for a shock: cost-of-living crisis drives up price of electric car charging
Recharging at home is 43% more expensive than a year ago – but EVs are still much cheaper to run than petrol and diesel carsWhile petrol price rises may have made the headlines, the energy crisis has also been hitting owners of electric cars in the pocket. The cost of charging at home has risen by 43% for some drivers, while the already higher cost of on-the-road recharges has gone up 25%.As energy prices are forced up due to rising costs for suppliers, specialist charging deals for drivers have become more scarce. And now there are suggestions that people may put off the purchase of an electric car as the cost-of-living crisis takes hold. Continue reading...
Sennheiser Momentum True Wireless 3 review: great noise-cancelling earbuds
Top sound in a new, more comfortable design, with good battery life, controls and wingsThe latest wireless earbuds from Sennheiser are smaller, longer lasting and have better sound and noise cancelling than their predecessors, making them some of the best on the market.Priced at £219.99 ($249.95/A$399.5), the third-generation Momentum true wireless earbuds look set to dethrone Sony’s WF-1000XM4 as the best-sounding earbuds you can buy. Continue reading...
‘Unstoppable until they aren’t’: are tech market losses signs of a bust?
Apple is no longer the most valuable company, Meta took a $230bn hit, Amazon reported its first loss since 2015, but a slump ‘is a big question mark’Jeff Bezos knew this day was coming. Back in April the Amazon boss warned of an impending market slowdown, tweeting that the epic tech boom experienced during the last two years could not last for ever.“Most people dramatically underestimate the remarkableness of this bull run,” he said. “Such things are unstoppable … until they aren’t. Continue reading...
TerraUSD ‘stablecoin’ delisted from crypto exchanges
‘Algorithmic stablecoin’, whose collapse triggered multibillion-dollar selloff, turns off blockchainTerraUSD, the “algorithmic stablecoin” whose collapse prompted a multibillion-dollar selloff across crypto markets, has turned off its blockchain and been delisted from major exchanges, in effect shuttering the project for good.However, the wider impact of the project’s failure appears to have been constrained. TerraUSD was once valued at more than $40bn (£33bn). Continue reading...
Ex-eBay exec pleads guilty to terrorizing couple with spiders and funeral wreaths
David Harville is one of six others charged for harassing the Boston duo who ran a new newsletter criticizing the companyA former eBay executive pleaded guilty on Thursday to participating in a scheme to terrorize the creators of an online newsletter that included the delivery of live spiders and other disturbing items to their home.David Harville, eBay’s former director of global resiliency, is the final onetime eBay employee charged in the case to plead guilty. Six others have admitted to their roles in the harassment campaign targeting a Massachusetts couple who publish the newsletter EcommerceBytes, which eBay executives viewed as critical of the company. Continue reading...
Planned EU rules to protect children online are attack on privacy, warn critics
Encrypted messaging apps could be threatened by requirement for platforms to search for and combat child sexual abuseCritics have accused the European Commission of seeking to end encrypted communications after the EU’s executive body unveiled strict regulations for messaging apps intended to fight the spread of child sexual abuse imagery.Under the proposed regulations, messaging services and web hosts would be required to search for, and report, child abuse material – even in the case of encrypted messaging services like Apple’s iMessage and Facebook’s WhatsApp that cannot be scanned in such a way. Continue reading...
Fifa believes it can make great sims without EA – but it should heed the fate of Championship Manager
The story of Eidos’s cult football management sim shows the limits of brand recognition – and suggests Fifa would have been better off sticking with Electronic ArtsThey think it’s all over … it is now. The lucrative corporate marriage that brought us 30 years of annual football simulations, and made billions of dollars in the process, is now defunct. Fifa and Electronic Arts (EA) have parted ways. And now the dust has settled on a day of frantic press releases, hype and guarded interviews, what sort of challenges face both entities as they jostle to reclaim the future of the footie sim for themselves?Here’s my pretty safe bet: Fifa is going to have a tough time of it. Now freed from the exclusivity clause granted to EA, the company apparently has a range of “non-simulation” games due out this year from various developers. It’s likely these will be casual titles, probably for smartphones, crammed with micro-transactions and perhaps aimed at the huge Asian market for arena-based multiplayer games. If there’s a plausible Fifa: Clash of Teams game, perhaps with some NFTs thrown in, you can bet someone is working on it. Continue reading...
Unchain Me review – Dostoevsky inspires secret mission on the streets of Brighton
Brighton festival
Google IO: Pixel 6a, Pixel Watch and Android 13 unveiled
New Pro earbuds and upcoming Pixel 7 phones, tablet and software shown off during virtual eventGoogle has announced a series of new products as it looks to compete with Apple on tablets and smartwatches. It has unveiled a lower-cost smartphone, high-end earbuds and a watch due later this year, as well as Android updates.During the keynote kicking off its IO developer conference, Google set out its intention to build a broader collection of own-brand devices rather than rely on third parties such as Samsung using its software. Continue reading...
Could terra fall prove to be Lehman Brothers moment for cryptocurrencies?
Explainer: Questions asked about whether other ‘stablecoins’ may follow suit – and if so, what else?Billions were wiped off the cryptocurrency market this week with the collapse of the terra “stablecoin”. But is its failure just another example of the here-today-gone-tomorrow nature of the sector, or could it be the beginning of a wider downturn? Continue reading...
Electronic Arts to stop making Fifa
Publisher has revealed EA Sports FC as the new brand for its bestselling series and promises innovationsElectronic Arts has announced that it will cease making Fifa-branded football games next year. From 2023, the series will continue under a new brand, EA Sports FC.In a press release on the decision, EA stated that licensing deals remain in place with 19,000 players, 700 teams, and more than 30 leagues from around the world, as well as with UEFA, which means the Champions League will still be a part of the game, although the World Cup will not. Continue reading...
Elon Musk pledges to overturn Twitter’s ban on Donald Trump
Tesla boss says decision in January last year was ‘morally bad and foolish in the extreme’Elon Musk has said he will reverse Twitter’s ban on the former US president Donald Trump if the Tesla boss completes a takeover of the social media platform.Twitter permanently banned Trump in January 2021, citing repeated violations of company rules and its judgment that his tweets were “highly likely to encourage and inspire people to replicate the criminal acts that took place at the US Capitol on 6 January 2021”, referring to the attack on the building by his supporters. Continue reading...
‘A revolution that never happened’: The Gunpowder Plot at the Tower of London
Virtual reality and live performance combine in a show that asks audiences to consider if political violence is ever justifiableIn a series of vaults adjacent to the Tower of London that used to house fast-food restaurants and shops selling trinkets to tourists, a portal into Jacobean London is being constructed.The Gunpowder Plot is an ambitious immersive experience, created by Layered Reality – the company behind the immersive The War of the Worlds – in collaboration with Historic Royal Palaces. It invites audiences to step back in time and engage with the events of 1605, when Guy Fawkes and a group of Catholic conspirators plotted to blow up parliament and King James I. Continue reading...
‘Crypto muggings’: thieves in London target digital investors by taking phones
Exclusive: Thousands of pounds stolen in cases seen by the Guardian in reports from City of London policeThieves are targeting digital currency investors on the street in a wave of “crypto muggings”, police have warned, with victims reporting that thousands of pounds have been stolen after their mobile phones were seized.Anonymised crime reports provided to the Guardian by City of London police, as part of a freedom of information request, reveal criminals are combining physical muscle with digital knowhow to part people from their cryptocurrency. Continue reading...
Elon Musk’s takeover financing deal could clip Twitter’s wings
The Tesla tycoon’s complex bid for the social media platform will load the tech firm with debtIf you want to know who the world’s richest man has on speed dial, then a regulatory filing on Thursday provided an insight. Elon Musk announced a score of new backers for his $44bn (£35.6bn) Twitter takeover, including Oracle tycoon Larry Ellison, the crypto market’s leading trading platform, the Qatari sovereign wealth fund and a Saudi prince.If this was Tesla’s boss displaying his power network, it was also an admission that – despite recent words to the contrary – the numbers behind his audacious bid do matter. Discussing his offer last month, Musk said: “I don’t care about the economics at all.” For some of Wall Street’s biggest banks, Tesla’s shareholders and even Twitter users, the economics are very important indeed. Continue reading...
‘His bushy eyebrows remind me of Denis Healey’: Emma F Wright’s best phone picture
A rainy day with Flapjack the schnauzer brought comparisons with Caravaggio and a former Labour chancellorFlapjack the miniature schnauzer was the first dog Emma F Wright began walking. But what began as a favour for a friend turned into something of a second job, and now the Nottingham-based photographer follows the same route, under the Trent Bridge, several times a week with various local dogs.“I’d noticed before that on rainy days, water from the road above would seep through and create a bit of a puddle in the same place. Schnauzers recognise and greet each other as if they’ve known them their whole life. On this day, I realised Flapjack was looking at his own reflection. Continue reading...
Abortion surveillance: in a post-Roe world, could an internet search lead to an arrest?
Imminent end to legal abortion sparks concerns over how law enforcement might access data to prosecute patients and providersA leaked draft opinion suggesting the US supreme court may overturn the landmark abortion rights decision Roe v Wade has renewed concerns over the ways US law enforcement could ask tech companies to hand over Americans’ data if they were to prosecute individuals getting or providing abortion services.Tech firms and data brokers already collect, store and often sell years’ worth of information on their users. There are few federal regulations that protect such data, making the information, which includes data on location, internet searches, and communication history, extremely valuable and easily accessible to law enforcement. Continue reading...
Forty years of joystick waggling: the glory of multi-sport video games
Despite their chunky graphics and analog sounds, multiplayer sports sims of the 1980s defined a whole era of gaming – can their legacy live on?The 1984 Los Angeles Olympics are memorable for a lot of things – the jetpack at the opening ceremony, the historic performance by Carl Lewis, the greater focus on female athletes – but for nerds of a certain age, they will always be remembered for something quite different: broken joysticks. This was the first Olympic tournament of the mass video game era and it prompted a whole new genre of sports sims, designed to replicate the physical exertion of actually doing sport. I can just about recall watching the real Los Angeles games on TV, but it was the household tournaments I held with friends that really bring back memories.There’s some disagreement over where the multi-sport sim originated. At the burgeoning games studio Activision, pioneering designer David Crane had thought for a long time about making a sport game that simulated physical effort and his title The Activision Decathlon, arrived in late 1983, riding the growing hype for the LA Olympics to come. It allowed players to compete in 10 events, waggling the joystick left and right as quickly as possible to run faster and jump higher. At roughly the same time, Japanese company Konami brought the multi-event sports sims to the arcade with its brilliant coin-op Track and Field. This game allowed up to four players to compete in six athletics events, but instead of waggling a joystick, players used a two-button interface, alternatively pressing (or rather “bashing”) each one as quickly as possible. Continue reading...
I tried BeReal, the ‘authentic Instagram’ app – would it show the real me?
The app requires you to share photos of what you’re doing at a specific moment, creating a drab portrait of realitySorry to be the bearer of bad news, but there is a new app to know about. BeReal, touted as the “anti-Instagram”, is currently the No 1 free app on the App Store in the US. It promises, slightly unnervingly, “a new and unique way to discover who your friends really are in their daily life”.It works by sending an amber-alert-style push notification to all its users at once – one that includes two panic-inducing yellow warning sign emojis and a message that it is “time to BeReal”. Upon receiving this missive, everyone uploads a photo of what they are doing at that exact moment in time, regardless of whether they happen to be dancing in a club with their friends or sitting alone on their sofa and staring at the wall. Continue reading...
Facebook whistleblowers allege government and emergency services hit by Australia news ban was a deliberate tactic
Meta, formerly Facebook, denies claims the blocking of non-news pages like hospitals and charities was an intentional negotiating tactic, and says it was the result of a ‘technical error’
UK watchdog will have power to impose huge fines on big tech firms
According to the government, Digital Markets Unit will protect small businesses and consumersA new tech watchdog will be given the power to impose multibillion-pound fines on major firms such as Google and Facebook if they breach rules designed to protect consumers and businesses.The Digital Markets Unit (DMU) will protect small businesses from predatory practices and will give consumers greater control over how their data is used, the government said. Continue reading...
Catalans demand answers after Spanish spy chief confirms phone hacking
Paz Estaban told committee spyware was used on 18 Catalan activists with judicial approval, sources sayThe Catalan government is calling for answers “from the highest level” after the head of Spain’s National Intelligence Centre (CNI) reportedly confirmed that 18 members of the regional independence movement were spied on with judicial approval.The apparent admission – to a congressional committee – came two weeks after cybersecurity experts said at least 63 people connected with the Catalan independence movement had been targeted or infected with Pegasus spyware, and three days after the Spanish government said the phones of the prime minister and the defence minister had been targeted with Pegasus. Continue reading...
YouTube Kids shows videos promoting drug culture and firearms to toddlers
Breaking Bad-themed cooking show and music with lyrics about cocaine among content deemed appropriate for children as young as twoYouTube is showing videos that promote skin-bleaching, weight loss, drug culture and firearms to children as young as two, a new investigation of the company’s “Kids” app has found.YouTube Kids, an app and website released in 2015, is supposed to be a safer, curated version of the video-sharing website aimed at children under 13. It tailors content to three age groups: “older”, “younger” and “preschool”, roughly corresponding to those aged nine to 12 years old, four to seven, and under four. Continue reading...
Elon Musk secures $7bn in outside funding for Twitter takeover
Investors include Oracle co-founder Larry Ellison and Saudi prince Alwaleed bin TalalElon Musk has secured more than $7bn (£5.7bn) in funding for his $44bn takeover of Twitter from a group of investors including the tech tycoon Larry Ellison, the Qatar state investment fund and the world’s biggest cryptocurrency exchange.It came as CNBC reported that Musk, the world’s richest person and Tesla chief executive, will serve as temporary chief executive of the social media platform for a few months once the deal closes. Continue reading...
UK ‘waking up’ to poor tech-listing appeal in London, says Arm innovator
New York is obvious choice for British-based chip designer’s IPO, according to Hermann HauserA key figure in the creation of Arm has said the UK government is only just waking up to the fact that London is struggling to attract leading tech company listings, adding that New York was the obvious choice for the British-based chip designer’s primary stock market flotation.Hermann Hauser, who co-founded Acorn Computers and helped to develop Arm’s first processor before it was spun out as a separate company, said it was an issue of a lack of liquidity in London and poor support and infrastructure for local firms. Continue reading...
The jobless Americans chasing the dream of ‘passive income’
Workers say they’re replacing career ambitions with low-stakes side hustles. But are many of the schemes too good to be true?Aubrey, a 26-year-old in Florida, does not recommend working at a hotel in the middle of a pandemic. The floors were constantly understaffed and inventory seemed to disappear overnight. In fact, Aubrey was genuinely relieved when she was finally laid off. And like so many newly occupation-free members of the American workforce, Aubrey turned to the internet and searched for any sort of minimal-effort side-hustle that seemed feasible.Aubrey found hope with what she describes as “low-content books”. With just a layperson’s grasp of graphic design, Aubrey was able to flood the Amazon marketplace with a tide of scholastic notebooks, graph-paper pamphlets and crossword collections. There is no real writing involved in the low-content book scheme, which is exactly the point. All Aubrey needs to do is come up with an appetizing front cover and trust that the shadowy algorithm takes care of business. “My most successful product is randomly a ‘vegetable’ blank lined notebook where I just scattered some pictures of cartoonish onions, pumpkins and leeks on the cover,” she tells me. “It has done pretty well and is about $200 of my sales.” Continue reading...
Pens down: England’s exams regulator exploring online A-levels and GCSEs
School leaders say online exams could allow them to go ahead in lockdown-style conditions in futureSitting exams using pen and paper could soon be a thing of the past, as England’s qualifications regulator, Ofqual, said it is exploring technology to transform the way GCSEs and A-levels are administered.The regulator’s latest corporate plan says Ofqual will remove regulatory barriers to allow exam boards to study the use of remote assessment, digital delivery and “adaptive testing” software that tailors exam questions to student responses. Continue reading...
Pushing Buttons: How Tomb Raider’s Lara Croft was let down by generic games
In this week’s newsletter: The franchise has just been sold off on the cheap, but could the original video game heroine be saved by games that see her as more than just eye candy?
Musk seeks to use less of his fortune with bid for more Twitter funding
The tech mogul is looking at various options such as pledging his shares of Tesla to secure bank loansA week after Elon Musk finalized a $44bn deal to purchase Twitter, the billionaire is working to secure outside funding for the acquisition that would tie up less of his personal fortune.The world’s richest person is in talks with large investment firms and high net-worth individuals to take on more financing, Reuters reported Monday. Though Musk has an estimated net worth of about $245bn, much of his fortune is tied up in stocks. Continue reading...
Spanish prime minister’s phone ‘targeted with Pegasus spyware’
Minister for presidency says ‘illicit’ targeting will be investigated by Spain’s highest criminal courtThe Spanish government has said the mobile phones of the prime minister, Pedro Sánchez, and the defence minister, Margarita Robles, were both infected last year with the Pegasus spyware that its manufacturers claim is available only to state agencies.In a hastily convened press conference on Monday morning, Félix Bolaños, the minister for the presidency, said Sánchez’s phone was targeted in May and June 2021, while Robles’s was targeted in June 2021. Data was extracted from both phones. Continue reading...
‘It was the poor man’s studio’: how Amiga computers reprogrammed modern music
It was grey, ugly and had 0.0128% of an iPhone’s memory. But the Amiga 500 defied its limitations to power a series of astonishing dance tracks, from early jungle to Calvin Harris“Phat as fuck.” This was how jungle legend Gavin King – AKA Aphrodite – described the powerful bass capabilities of his Amiga 1200 home computer in a 90s interview. Several decades later, it remains in his studio. With its drab grey buttons, it looks more suited to tax returns, but Amiga machines are instrumental in electronic music as we know it.“The thing about the Amiga bassline is that it was constant volume, it didn’t waver,” King says now, “so when you pulled it up to the maximum volume that you could press on to vinyl, it made it, well, phat as fuck.” Continue reading...
The 10 best video games made in Australia – sorted
There are some fun, beautiful and smart homegrown hits to celebrate, from Untitled Goose Game to the political statement of Escape from WoomeraThere used to be a time where video games were sneered at and overlooked by the culturati as lowbrow schlock but games are, and always have been, a lively and responsive form of artistic expression. It’s not always immediately clear when a game was made in Australia, which makes it a little harder to celebrate homegrown hits – which we should do, because we have a thriving community of developers who punch well above their weight. The Australian independent games scene is vibrant, dynamic and overdue an apology.As I have (graciously, selflessly) decided, we’re all going to yank games from the declasse and appreciate them properly – so here are 10 great Australian-made games, all variously ruminative, charming, effervescent, sincere, generous, visceral, cheeky and beautiful. Glad we have that sorted. Continue reading...
Will Tennessee become the next tech hub for Web3 entrepreneurs?
A new law recognizes ‘decentralized autonomous organizations’ and could help the state attract blockchain-based businessesWhen you think about Tennessee, you’re more likely to be thinking country music, barbecue and bourbon than crypto, blockchain and Web3. The state legislature has plans to change that.Tennessee just passed a bill that could help it become a leader in states providing a home to entrepreneurs who want to set up a unique kind of company that uses the blockchain to automate its decision-making. It’s called a DAO. Continue reading...
Michael Horvath: the Strava co-founder who’s pacing himself
The chief executive of the booming fitness tracker wants to help reinvent urban travel, but he isn’t racing to float the companyMichael Horvath took up hiking and yoga during the pandemic when his usual cycle to work was off limits. Like almost 100 million others in nearly 300 countries he was able to track his chosen activities on Strava – the app for sporty types he co-founded 13 years ago.Conceived as a “virtual locker room” through which cyclists could compete against their mates, the app boomed during the pandemic as millions of people looked at ways to get active and join online clubs that would inspire them to keep going. Continue reading...
The price of free speech: why Elon Musk’s $44bn vision for Twitter could fall apart
The controversial billionaire may find that buying the platform exposes him to a whole new world of legal problemsContained within 95 pages of dense legal jargon, the warning from Twitter to Elon Musk was clear: don’t use your considerable power on the social media platform to attack the company.The world’s richest man and owner-in-waiting of Twitter signed an agreement for the planned $44bn (£35bn) takeover last week confirming that he could tweet about the deal so long as “such tweets do not disparage the company or any of its representatives”. Continue reading...
Two weeks, no smartphone: how I tried – and failed – to kick my screen addiction
James Ball spends countless hours a week staring at his iPhone. Would a fortnight with just old-school text messages and games of Snake shake him out of it?
‘It looks like a river, but it’s actually the sea’: Jessica Auer’s best phone picture
A spontaneous snap in Iceland in the first week of lockdown has taken on a new significance for the Canadian photographerPre-pandemic, Canadian Jessica Auer split her time between Montreal and east Iceland. She was living in the former when the city announced its first lockdown in March 2020 and so, not knowing what lay ahead, she and her boyfriend, Zuhaitz, returned to Iceland. It’s here that their kitchen window faces a fjord 25km long and 1km wide. “It appears like a really wide river, but it’s actually the sea,” Auer says. “A kilometre across, or a little less, sits this mountain. It changes constantly with the seasons and the light. This photograph was taken at sunset.”The mirror-image binoculars on each side of the sill are left out for guests, who immediately gravitate towards them when visiting. “The window has such a sublime view. The mountain is usually peaceful, but we’ve seen backcountry skiers on it occasionally. On the water, ships pass by, the birdlife is varied and porpoise appear most weeks,” Auer says. “Once a year, if we’re lucky, we see humpback whales.” Continue reading...
Picture perfect: how to take, store and print photos from your phone
If you keep precious camera moments locked away on a mobile they are at risk of being lostPhotos are precious records of our lives, and as the summer kicks off many of us will be adding to our collection as we enjoy holidays and celebrate special occasions.For many of us, however, these pictures end up locked on our phones, taking up storage and at risk of loss. Continue reading...
Platform for success: how TikTok has made one shoe brand the hottest on the planet
Naked Wolfe’s six-inch ‘Spice’ platform boots have topped Lyst’s ‘heat’ index and been a hit with Tik Tok users and celebrities alikeYou might think that unfeasibly high, pumped-up platform boots by the London-based brand Naked Wolfe would only enjoy niche appeal. At first glance, they look more at home with Camden’s cybergoths or Catwoman wannabes than the mainstream.On Wednesday it was revealed that the six-inch “Spice” platforms are officially the hottest item in the world, according to fashion shopping app Lyst. Each quarter, Lyst releases a “heat” index, ranking the fashion products that have generated the most sales, searches and views within its app, as well as social media engagement worldwide. Continue reading...
Theranos merchandise on eBay sparks bloodlust among Elizabeth Holmes fans
Demand for products emblazoned with ‘Theranos’ logo have soared with set of five pens selling for a eye-popping $150Fans and followers of Theranos and its founder Elizabeth Holmes can now take home an expensive original piece of the company.On eBay, more than a dozen allegedly authentic products from the now-defunct Silicon Valley firm are being sold – and much like the company itself, are listed at inflated prices. Continue reading...
Twitter employees grill CEO Parag Agrawal over fears of post-Musk exodus
Workers raise questions about job security and advertising concerns as executives brace for billionaire’s takeoverTwitter’s chief executive, Parag Agrawal, sought to quell employee anger on Friday during a company-wide meeting where employees demanded answers to how managers planned to handle an anticipated mass exodus prompted by Elon Musk.The meeting comes after Musk, the Tesla chief executive who sealed a $44bn deal to buy the social media company, repeatedly criticized Twitter’s content moderation practices and a top executive responsible for setting speech and safety policies. Continue reading...
Facebook moderators call on firm to do more about posts praising Bucha atrocities
Company insists any content glorifying violence against Ukrainians not allowed, but moderators say lack of guidance means they feel forced to leave up some content
Elon Musk sells $8.5bn-worth of Tesla shares after Twitter deal
Carmaker’s shares fell this week over concerns CEO would offload stock to help fund takeover of platformElon Musk has sold $8.5bn (£6.8bn) worth of shares in Tesla as the world’s richest man raises cash after reaching a deal to buy Twitter.The Tesla chief executive has committed $21bn of his own money to the funding package for acquiring the social media platform, which he agreed to buy for $44bn on Monday. Since then Musk has sold 9.6m Tesla shares, or about 5.6% of his stake in the business, according to filings with the US financial regulator. Continue reading...
Impact of energy-draining ‘vampire devices’ overstated, says tech expert
Unplugging equipment normally left on standby may not save consumers as much cash as hopedAs the cost-of-living crisis bites, and households look for any opportunity to cut the bills, headlines suggesting consumers can save hundreds of pounds just by turning off unused chargers have been an appealing prospect. But, experts say, such claims about “vampire devices” are actually more like a zombie statistic.“Things have dramatically improved since those studies were first carried out,” said Craig Melson, an associate director for climate, environment and sustainability at techUK. “Processors are low-power, screens have switched from LCD to LED technology, fridges and washing machines have become more efficient. Technology is just more miniaturised, more efficient, using better processors – and, crucially, they are more adaptable as well.” Continue reading...
Is anyone excited about Avatar 2, or is James Cameron’s 3D revolution doomed?
The first trailer for Avatar: The Way of Water promises an extravaganza – but do we really want to put our eyes through the meat grinder all over again?As far as we know, there’s no such thing as time travel in the Avatar universe, which is weird because there was a distinct whiff of 2009 coming off this week’s industry reports about a screening of the first trailer for the newly titled Avatar: The Way of Water. The Hollywood Reporter said delegates at CinemaCon in Las Vegas were wowed by the movie’s impressive 3D and high frame rate, which 20th Century Fox and Disney will be rolling out across the globe when the movie finally hits multiplexes in December. You’d think not more than a couple of years had gone by since the release of the original Avatar, a time when it felt like the entire film industry was about to go through a radical journey into high-end stereoscopy and accelerated frame rates. Unfortunately for Hollywood, it has actually been more than a decade since we last hung out with Jake Sully and his Na’vi comrades. Are we expected to get excited about this stuff all over again?The problem with 3D is that it has had more comings than Jesus caught in a time loop. There was the original 1950s phase, then that brief period in the 1980s when Jaws 3-D landed at cinemas, and finally around 2009 when James Cameron seemed to think stereoscopic film-making was about to become more popular than the Beatles. In between now and then we’ve also had 3D TVs, which ran out of steam around 2017 amid a chorus of unbothered shrugs. As for higher frame rates, Peter Jackson was forced to dull down his Hobbit trilogy after viewers complained they didn’t really need to see Bombur’s blackheads in such excruciating detail when viewing An Unexpected Journey at 48-frames per second. Continue reading...
Electric Rosary review – spooky cyber-sister spurs startling visions
Royal Exchange theatre, Manchester
Amazon sees first loss since 2015 as shares tumble 10%
Tech giant’s revenues grew at a sluggish 7% in the first quarter to $116.4bn as shoppers switch back to bricks and mortarAmazon announced its first loss since 2015 on Thursday as sales slowed, costs rose and its investment in electric vehicle company Rivian wiped out profits.The news sent Amazon’s shares tumbling by 10% in after hours trading. Continue reading...
Apple reports positive results despite shortages and economic fallout
The tech giant saw nearly $3tn in profits despite challenges created by the Russia-Ukraine war and the global supply chainApple on Thursday reported strong quarterly results despite supply shortages, but warned that its growth slowdown is likely to deepen. The company said it’s still struggling to get enough chips to meet demand and is contending with Covid-related shutdowns at factories in China that make iPhones and other products.Although initial results for the January-March period topped analysts’ projections, the good news was quickly eclipsed when management warned of trouble ahead during a conference call. Continue reading...
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