Half of the 10 most valuable companies on Earth are making metaverse hardware

August 11, 2024 Coin Telegraph

Apple

The metaverse is dead, long live the metaverse.

Microsoft is reportedly looking to take on Apple’s Vision Pro headset with new hardware it would develop in partnership with Samsung. This would mean that five of the ten most valuable companies by market capitalization — Apple, Google, Meta, Microsoft, and Nvidia — are currently developing new metaverse gear.

The Microsoft news comes from a local outlet in South Korea, The Elec. According to the report, Microsoft plans to order hundreds of thousands of OLED panels from Samsung for a device to be mass produced in 2026.

That’s a ways off and, according to The Verge, the device will be a headset meant for spatial computing (as opposed to virtual reality). The Verge also indicated that it was specifically not meant for the metaverse — but, any display device, including a computer monitor, can interface with “the metaverse,” spatial computing devices just offer a different level of immersion.

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Quantum computers are advancing much faster than scientists expected

August 11, 2024 Coin Telegraph

artificial intelligence

Breakthroughs in scalability, error-correction, and infrastructure have led to an accelerated timeline for quantum advantage.

Quantum computing is one of those “just around the corner” technologies that has the scientific community split. Tech outfits such as Google and IBM have gone full throttle with both R&D and marketing as if they’re already here while many independent researchers have claimed quantum computers will never work.

Most people working in the field, however, believe that quantum computers will be able to solve problems that classical computers can’t within the next 10 years.

This is according to a recent survey of 927 people with associations to the field of quantum computing (researchers, executives, press, enthusiasts, etc.) conducted by QuEra. Of those surveyed, 74.9% “expect quantum to be a superior alternative to classical computing for certain workloads” within the next 10 years.

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Amazon faces UK merger probe over $4B Anthropic AI investment

August 8, 2024 Coin Telegraph

Amazon faces UK merger probe over B Anthropic AI investment

Acquisition

Microsoft and OpenAI face similar scrutiny as Europe and the UK seek to identify the line between investment and acquisition.

Amazon and artificial intelligence research firm Anthropic are being investigated as a de facto merger in the United Kingdom.

The UK’s Competition and Markets Authority (CMA) issued a formal notice on Aug. 8 announcing the inquiry’s commencement. According to documentation published on the UK government website, this marks the beginning of a “phase 1” investigation.

As Cointelegraph previously reported, UK authorities announced they were conducting preliminary investigations into partnerships between Amazon and Anthropic, Microsoft and Mistral AI, and Microsoft and OpenAI to determine whether any of the relationships had run afoul of EU regulations.

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Microsoft declares OpenAI both ‘strategic partner’ and ‘competition’ in SEC filing

August 3, 2024 Coin Telegraph

The two companies face antitrust probes in the US and EU over their partnership.

Microsoft wants the feds to view its relationship with OpenAI as more of a frenemies (friends and enemies) situation than a real partnership, judging by a report filed with the SEC in July.

In the filing, a form 10-K periodic financial performance and conditions report, Microsoft declared OpenAI as its rival in several passages while also stating numerous times throughout the document that OpenAI was its “strategic partner.”

Interestingly, Microsoft cites dozens of rivals and “intense competition across all markets” in its statements on competition. These include companies ranging from Apple to Nintendo as well as several software and coding organizations.

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German quantum breakthrough highlights need for particle physicists in crypto

August 3, 2024 Coin Telegraph

Amazon

German quantum breakthrough highlights need for particle physicists in crypto

Breakthrough quantum computing research out of Germany could lead to a revolution in particle physics with implications for finance, economics, and cryptocurrency. It might be time for firms in the crypto industry to add chief science officers and particle physicists to their portfolios.

Much like the tech industry before it, crypto has bootstrapped itself on the virtue of its own feats of engineering and innovation. The engineering and innovation it took to invent blockchain and cryptocurrency are, arguably, analogous to the advent of personal computing and the internet.

Over the past 20 years, however, the tech industry has shifted towards hard science. Perhaps it’s time for crypto to follow suit.

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Nvidia delays next gen AI chip as investors issue ‘bubble’ warning

August 3, 2024 Coin Telegraph

Amazon

After briefly breaking the $3 trillion market capitalization mark in June, things have taken a negative turn for the world’s most valuable chipmaker.

Nvidia’s highly anticipated “Blackwell” B-200 artificial intelligence chip will reportedly be delayed, sending the near-term future of the entire AI industry into a state of uncertainty.

Tech news outlet The Information claims that a Microsoft employee and at least two other people familiar with the situation have stated that the new chip’s launch date has been pushed back by at least three months due to a design flaw.

While Nvidia hadn’t given a public launch date, CEO Jensen Huang recently announced that the company would begin sending engineering samples “this week” on July 31 at the SIGGRAPH event in Denver, Colorado.

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How decentralization could have prevented the global Microsoft meltdown

July 26, 2024 Coin Telegraph

Cloud Services

The recent Microsoft failure shows how vulnerable centralized systems are.

The widespread collapse of Microsoft’s Windows operating system, which disrupted key services worldwide, is being touted as a vindication of blockchain and decentralized technology.

Zain Cheng, the chief technology officer of Web3 development firm Horizen Labs, told Cointelegraph the Microsoft outage “underscores the vulnerabilities of centralized systems, where single points of failure can lead to widespread disruption.”

As Cheng points out, the disruption was indeed widespread. From July 18–19, businesses, supermarkets, broadcasters, airlines and banks ground to a halt as 8.5 million systems encountered the blue screen of death.

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Microsoft blames Crowdstrike meltdown on 2009 European Union deal

July 22, 2024 Coin Telegraph

Coin Telegraph

The security incident affected 8.5 million Windows systems worldwide as commercial operations were hit with the “blue screen of death.”

According to The Wall Street Journal, a Microsoft spokesperson blamed the recent Crowdstrike failure on a 2009 regulatory deal between Microsoft and the European Union.

The spokesperson claimed Microsoft agreed to give external security developers the same level of access to interact with the software as Microsoft, paving the way for critical bugs.

Patrick Wardle, the CEO of DoubleYou, explained that monolithic ecosystems like Apple’s MacOS are more resistant to such critical errors because of their walled-off architecture. In 2020, Apple revoked similar security clearances for its operating system, insulating it from third-party security failures and coding conflicts.

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JPMorgan Chase, Bank of America and Wells Fargo Customers Report Cascade of Failures As Banks Hammered by Massive Computer Outage

July 19, 2024 The Daily Hodl

bank

US banks are scrambling to recover from a massive computer outage that’s disrupting financial transactions around the world. Customers at JPMorgan Chase, Bank of America and Wells Fargo are reporting major, ongoing outages, according to the network tracking service DownDetector. The historic outage, which has hammered banks, airlines outage and scores of other businesses, was triggered […]

The post JPMorgan Chase, Bank of America and Wells Fargo Customers Report Cascade of Failures As Banks Hammered by Massive Computer Outage appeared first on The Daily Hodl.

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From Microstrategy to Gamestop — Backed Introduces 5 New Tokenized Equities

July 16, 2024 Bitcoin.com

Alphabet

Backed, a firm specializing in real-world asset (RWA) tokenization, has launched five new tokenized equities. The newly introduced tokens represent stocks of prominent companies, offering non-U.S. investors exposure to these assets via blockchain technology. RWA Firm Backed Launches 5 Tokenized Stocks Backed‘s new tokenized equities include bMSFT (Microsoft), bGME (Gamestop), bMSTR (Microstrategy), bTSLA (Tesla), and […]

Microsoft

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