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Microsoft's New Intelligent Speakers Deliver Its Promised Meeting Room of the Future

著者: msmash
2021年3月2日 23:52
Microsoft demonstrated prototype hardware a few years ago that promised meeting rooms of the future with automatic speaker identification, transcription, and even translation. Microsoft now claims it's delivering this for real with new Intelligent Speakers, small puck-like devices that can identify up to 10 different voices in a Microsoft Teams meeting. From a report: These speakers will automatically generate a transcript during a meeting, with individual identification of those speaking. They will also help remote attendees follow along and see who's talking in a meeting. Microsoft has teamed up with Yealink and Epos to create the hardware, and it even supports translation if you want to follow a meeting in a different language.

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China Will Dominate AI Unless US Invests More, Commission Warns

著者: msmash
2021年3月2日 23:03
The U.S., which once had a dominant head start in artificial intelligence, now has just a few years' lead on China and risks being overtaken unless government steps in, according to a new report to Congress and the White House. From a report: Former Google CEO Eric Schmidt, who chaired the committee that issued the report, tells Axios that the U.S. risks dire consequences if it fails to both invest in key technologies and fully integrate AI into the military. The National Security Commission on Artificial Intelligence approved its 750-page report on Monday, following a 2-year effort. Schmidt chaired the 15-member commission, which also included Oracle's Safra Catz, Microsoft's Eric Horvitz and Amazon's Andy Jassy. On both the economic and military fronts, the biggest risk comes from China. "China possesses the might, talent, and ambition to surpass the United States as the world's leader in AI in the next decade if current trends do not change," the report states. And It's not just AI technology that the U.S. needs to maintain a lead in. The report mentions a number of key technologies, including quantum computing, robotics, 3D printing and 5G. "We don't have to go to war with China," Schmidt said. "We don't have to have a cold war. We do need to be competitive."

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All 270 US Apple Stores Are Open For the First Time Since March 2020

著者: BeauHD
2021年3月2日 22:00
An anonymous reader quotes a report from 9to5Mac: Every Apple Store in the United States is open for the first time in nearly a year. It was 353 days ago -- March 13, 2020 -- that Apple closed all of its retail stores outside of Greater China. While some Apple Stores offer in-store shopping appointments and others can accept Express pickup of online orders only, all 270 US locations are now open in some capacity as of March 1, 2021. Apple Stores in Texas around Houston, Dallas, and San Antonio were the last to reopen today. In addition to reopening every store, Apple is also starting to offer in-store shopping at more US locations again after months of operation as Express storefronts. Around two dozen stores in California, Kentucky, New Jersey, New York, and Utah reintroduced shopping sessions today. That's on top of almost 50 locations last week, more than 40 the week before, and dozens in early February. Today's milestone doesn't mean we're out of the woods yet. All Apple Stores still enforce health and safety guidelines that include reduced occupancy and a mask requirement. Apple continuously evaluates local COVID-19 conditions, and it's highly possible that some stores could temporarily close or return to Express operations in the future. Outside of the US, just over a dozen Apple Stores remain closed in France and Brazil. Apple Stores in Mexico reopen March 2.

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Google Finance Adds Crypto Data Tab For Bitcoin, Ether, Litecoin and Bitcoin Cash

著者: BeauHD
2021年3月2日 19:00
Google Finance now has a dedicated "crypto" field for bitcoin, ether, litecoin and bitcoin cash. CoinDesk reports: Right at the top of the page, where users can "compare markets," crypto is listed among the five default markets, which also includes U.S., Europe, Asia and "Currencies." At the moment, it appears Google Finance only tracks a limited number of cryptocurrencies. Bitcoin, ethereum, litecoin and bitcoin cash are displayed by default when clicking the crypto tab. A search for Cardano's ADA, Polkadot's DOT, Stellar's XLM tokens return no results -- for either the protocol or the token's ticker. XRP returned a result for the Ripple XRP Liquid Index, which trades on Nasdaq.

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Rocket Lab Reveals Plans For Reusable Rocket With 8 Ton Payload

著者: BeauHD
2021年3月2日 16:00
Rocket Lab has unveiled plans for a larger rocket that can carry bigger payloads than its current reusable trooper, the Electron. It's called the Neutron and will be capable of carrying 8 metric tons to low-Earth orbit compared to the Electron's 660 lbs capacity. Engadget reports: The Neutron will also have a fully reusable first stage that can land on an ocean platform, in the same vein as SpaceX's Falcon 9 booster. Rocket Lab is looking to fast-track the rocket's first flight to 2024 by using the existing launch pad at Virginia's Mid-Atlantic Regional Spaceport located at the NASA Wallops Flight Facility. It's also scouting sites across the US to build a new factory where the Neutron will be assembled at scale. The new rocket is designed with an eye to the future of mega-satellite constellations. Its larger payload means it can take multiple small satellites in batches to specific orbital planes, creating a "a more targeted approach to building out" the massive projects, said Peter Beck, Rocket Lab founder and CEO. Demand for the constellations is growing, with the satellite networks enabling better navigation and providing communications in rural areas back here on Earth. The Neutron's lift capacity also means it should be able to transport 98 percent of all satellites forecast to launch through 2029.

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Facebook, TikTok Least Trusted By Americans, Google Most Trusted, Says Survey

著者: BeauHD
2021年3月2日 12:30
An anonymous reader quotes a report from ZDNet: Forty percent of Americans don't trust Facebook and TikTok and Google appears to be winning the trust wars, according to a survey from SeoClarity. SeoClarity surveyed 1,057 American residents to gauge trust in tech companies and found a majority of US citizens think social media companies need more regulation. The findings are notable due to how tech companies are stacking up on trust. Google tops Amazon, Microsoft and Apple on the trustworthy scores. Meanwhile, Facebook and TikTok were the most distrusted. SeoClarity also found that half of Americans think that Websites can control where they land in Google searches.

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How a 10-Second Video Clip Sold For $6.6 Million

著者: BeauHD
2021年3月2日 11:02
In October 2020, Miami-based art collector Pablo Rodriguez-Fraile spent almost $67,000 on a 10-second video artwork that he could have watched for free online. Last week, he sold it for $6.6 million. Reuters reports: The video by digital artist Beeple, whose real name is Mike Winkelmann, was authenticated by blockchain, which serves as a digital signature to certify who owns it and that it is the original work. It's a new type of digital asset - known as a non-fungible token (NFT) - that has exploded in popularity during the pandemic as enthusiasts and investors scramble to spend enormous sums of money on items that only exist online. Blockchain technology allows the items to be publicly authenticated as one-of-a-kind, unlike traditional online objects which can be endlessly reproduced. The computer-generated video sold by Rodriguez-Fraile shows what appears to be a giant Donald Trump collapsed on the ground, his body covered in slogans, in an otherwise idyllic setting.

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Linus Torvalds Went Six Days Without Electricity, Swears Smaller 5.12 Kernel Is Co-Incidental

著者: BeauHD
2021年3月2日 10:25
Linux overlord Linus Torvalds has revealed that inclement weather in the USA meant he recently endured six electricity-free days in his Portland, Oregon, home during which he was unable to tend to the kernel. As a result he therefore pondered adding an extra week to the merge window for version 5.12 of the Linux kernel. The Register reports: "As you can tell, I didn't do that," he said in his State of The Kernel update that announced release candidate one of the new kernel cut. "To a large part because people were actually very good about sending in their pull requests, so by the time I finally got power back, everything was nicely lined up and I got things merged up ok." It wasn't just penguinistas behaving well that helped. Torvalds said this version of the kernel has received around 10,000 commits. That's rather fewer than the 12,000 or 13,000 he usually sees. In case anyone was inconvenienced by blackout-induced inability to merge, Torvalds said he's open to help any kernel devs for whom his unavailability caused problems but is not open to all late pulls. Torvalds rated the new release as offering "a fair amount of historical cleanup" on account of "removing the legacy OPROFILE support (the user tools have been using the "perf" interface for years), and removing several legacy SoC platforms and various drivers that no longer make any sense." Among the big inclusions in 5.12 are Clang Link-Time Optimizations, which make for better compiler performance, and support for Intel's eASIC NX5 silicon that aims to offer an alternative to FPGAs in edge and cloud applications. Qualcomm's Snapdragon 888 5G SoC also gains support.

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Popular LA Restaurant Closes After High-Tech 'Dine and Dash' Scheme

著者: BeauHD
2021年3月2日 09:45
quonset writes: "The Korean Fusion Cafe 'Spoon by H' had the ingredients to become an L.A. success story but is the epitome of a small business, with owner and chef Yoonjin Hwang working 15-hour days to run the restaurant with her mother and brother," reports CBS News. "'We have no staff. We have no cooks. I have to do everything by myself,' said Hwang. 'Like so many other small businesses we were hit hard by the pandemic. All we could do was just like take it day by day and do whatever we could to stay afloat.'" One day she received an order for $700. The person came in and picked up the order. A week later the same person disputed the charge. Hwang had to pay back the money, and this same situation kept occurring time and again. Hwang was the victim of "friendly fraud" or "chargebacks." "In the scam, a customer orders food, often through a delivery service, then receives their meal, but disputes the charge with their credit card company to get a refund," reports CBS News. "According to the Los Angeles Times, a growing number of the city's restaurants have struggled as scammers take advantage of internet ordering to use fraudulent credit cards or request refunds, claiming they never received part or all of an order." "I just felt so incredibly helpless and frustrated. We just couldn't keep running our business like this," Hwang said. As a result, she decided to close the restaurant for good. Patrons helped raise more than $60,000 on a GoFundMe page, which Hwang plans to use to pay off her debt. She says she may consider opening a new business someday with the earnings, but she doesn't know when, or what type of business.

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Scientists Have Invented Light-Up OLED Tattoos

著者: BeauHD
2021年3月2日 09:02
An anonymous reader quotes a report from Gizmodo: Tattoos are usually considered a form of personal expression, but a team of researchers in Europe have created what they're calling the world's first light-emitting tattoo based on OLED screen technology that, besides presumably looking kind of cool, could also serve as a visible warning about potential health concerns. In a recently published paper in the Advanced Electronic Materials journal, "Ultrathin, UltraConformable, and FreeStanding Tattooable Organic LightEmitting Diodes," scientists from the University College London in the UK and the Italian Institute of Technology detail how their new approach to tattoos relies on the same organic light-emitting diode technology featured in devices like more recent iPhones, as well as the recent crop of mobile devices featuring folding screens. The flexibility of an OLED display is important for this application given human skin is so pliable and flexes and folds as the body moves. The actual electronics of the light-emitting tattoos, made from an extremely thin layer of an electroluminescent polymer that glows when a charge is applied, measure in at just 2.3-micrometers thick, which, according to the researchers, is about one-third the diameter of a red blood cell. The polymer layer is then sandwiched between a pair of electrodes and sits atop an insulating layer, which is bonded to temporary tattoo paper through a printing process that isn't prohibitively expensive. The tattoos can be easily applied to surfaces using the same wet transfer process that temporary tattoos designed for kids use, and can be easily washed off when no longer needed or wanted using soap and water. With a current applied the OLED tattoos in their current form simply glow green, but eventually could produce any color using the same RGB approach that OLED screens use. However, while the researchers acknowledge that the potential for glowing tattoos is there, taking that art in a whole new direction, they also see even more potential for them as a medical tool. When combined with other wearable technologies the light-emitting tattoos could start flashing when an athlete needs to rehydrate, or change color when applied to foods providing obvious warnings when expiration dates have passed. The researchers note that the OLEDs polymers can quickly degrade when exposed to the air, and "there's an even bigger issue of finding a way to power them using tiny batteries or supercapacitors, as so far in the lab they've been wired to an external power source," adds Gizmodo.

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Far-Right Platform Gab Has Been Hacked

著者: BeauHD
2021年3月2日 08:20
The far-right social media platform Gab says a trove of its contents has been stolen in a security breach -- including passwords and private communications. Wired reports: On Sunday night the WikiLeaks-style group Distributed Denial of Secrets is revealing what it calls GabLeaks, a collection of more than 70 gigabytes of Gab data representing more than 40 million posts. DDoSecrets says a hacktivist who self-identifies as "JaXpArO and My Little Anonymous Revival Project" siphoned that data out of Gab's backend databases in an effort to expose the platform's largely right-wing users. Those Gab patrons, whose numbers have swelled after Parler went offline, include large numbers of Qanon conspiracy theorists, white nationalists, and promoters of former president Donald Trump's election-stealing conspiracies that resulted in the January 6 riot on Capitol Hill. DDoSecrets cofounder Emma Best says that the hacked data includes not only all of Gab's public posts and profiles -- with the exception of any photos or videos uploaded to the site -- but also private group and private individual account posts and messages, as well as user passwords and group passwords. "It contains pretty much everything on Gab, including user data and private posts, everything someone needs to run a nearly complete analysis on Gab users and content," Best wrote in a text message interview with WIRED. "It's another gold mine of research for people looking at militias, neo-Nazis, the far right, QAnon, and everything surrounding January 6." DDoSecrets says it's not publicly releasing the data due to its sensitivity and the vast amounts of private information it contains. Instead the group says it will selectively share it with journalists, social scientists, and researchers. According to DDoSecrets' Best, the hacker says that they pulled out Gab's data via a SQL injection vulnerability in the siteâ"a common web bug in which a text field on a site doesn't differentiate between a user's input and commands in the site's code, allowing a hacker to reach in and meddle with its backend SQL database. Despite the hacker's reference to an "Anonymous Revival Project," they're not associated with the loose hacker collective Anonymous, they told Best, but do "want to represent the nameless struggling masses against capitalists and fascists." The company's CEO, Andrew Torba, responded in a public statement on the company's blog that "reporters, who write for a publication that has written many hit pieces on Gab in the past, are in direct contact with the hacker and are essentially assisting the hacker in his efforts to smear our business and hurt you, our users."

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EU Law Requires Companies To Fix Electronic Goods For Up To 10 Years

著者: BeauHD
2021年3月2日 07:40
Companies that sell refrigerators, washers, hairdryers, or TVs in the European Union will need to ensure those appliances can be repaired for up to 10 years, to help reduce the vast mountain of electrical waste that piles up each year on the continent. Euronews reports: The "right to repair," as it is sometimes called, comes into force across the 27-nation bloc on Monday. It is part of a broader effort to cut the environmental footprint of manufactured goods by making them more durable and energy-efficient. Lack of spare parts is another problem, campaigners say. Sometimes a single broken tooth on a tiny plastic sprocket can throw a proverbial wrench in the works. Under the new EU rules, manufacturers will have to ensure parts are available for up to a decade, though some will only be provided to professional repair companies to ensure they are installed correctly. New devices will also have to come with repair manuals and be made in such a way that they can be dismantled using conventional tools when they really can't be fixed anymore, to improve recycling. German Environment Minister Svenja Schulze said that the next step should see manufacturers forced to state how long a product is expected to work for and repair it if it breaks down earlier. This would encourage companies to build more durable products, she said. In a next step, environmentalists and consumer rights groups want the "right to repair" expanded to include smartphones, laptops and other small electrical devices. The bloc's ecological design directive -- of which the right to repair requirement is a part -- will also revise existing energy labels that describe how much electricity washers and other household devices consume. The new seven-step scale from A to G will be complemented by a QR code that provides consumers with further information, such as how loud the devices are.

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Bitcoin Could Either Become Preferred Currency For International Trade Or Face a 'Speculative Implosion,' Citi Says

著者: BeauHD
2021年3月2日 07:03
An anonymous reader quotes a report from Reuters: Bitcoin rose nearly 7% on Monday as risk assets rallied after last week's bond rout cooled, with Citi saying the most popular cryptocurrency was at a "tipping point" and could become the preferred currency for international trade. With the recent embrace of the likes of Tesla and Mastercard, bitcoin could be at the start of a "massive transformation" into the mainstream, the investment bank said. Goldman Sachs, meanwhile, has restarted its cryptocurrency trading desk and will begin dealing bitcoin futures and non-deliverable forwards for clients next week, a person familiar with the matter told Reuters. Bitcoin, which hit a record high of $58,354 in February, could in the future become the preferred currency for international trade or face a "speculative implosion," Citi said. "There are a host of risks and obstacles that stand in the way of bitcoin progress," Citi's analysts wrote. "But weighing these potential hurdles against the opportunities leads to the conclusion that bitcoin is at a tipping point." Bitcoin's recent performance has come with the growing involvement of institutional investors in recent years, contrasting with its heavy retail investor focus for most of the past decade, Citi said. If businesses and individuals gain access via digital wallets to planned central bank digital cash and so-called stablecoins, bitcoin's global reach, traceability and potential for quick payments would see it "optimally positioned" to become the preferred currency for international trade, Citi added. Such a dramatic transformation to the de facto currency of world trade -- a status currently held by the dollar -- would depend on changes to bitcoin's market to allow wider institutional participation and closer oversight by financial regulators, Citi said. Still, shifts in the macroeconomic environment could also make the demand for bitcoin less pressing, it added.

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Altice USA CEO Says Cable TV Will Die and Broadband and Wireless Companies Should Merge

著者: msmash
2021年3月2日 06:25
An anonymous reader shares a report: When French telecommunications company Altice acquired U.S. cable companies Cablevision and Suddenlink, Chairman Patrick Drahi made a bold statement: Altice USA would rival Comcast and Charter in size, becoming one of the three dominant U.S. cable operators. Fast forward nearly six years, and Altice USA has about 5 million customer relationships, compared with about 31 million each for Comcast and Charter. (Altice USA did announce a $310 million acquisition of Morris Broadband on Monday, which will give it about 36,000 more customers.) CEO Dexter Goei explained to CNBC what prevented Altice USA's rapid expansion, why he thinks cable and wireless will eventually merge in the U.S., and why it's only a matter of time before cable TV becomes extinct. CNBC: So let me ask that question in a slightly different way. Do you envision a day where cable TV, as we know it, simply no longer exists? Goei: Yes. For sure. Everything is going to be IP-based, and then the question is because everything is IP based, and you have so many different choices...what the cable bundle is doing today is putting together everything that's available in the OTT world and providing it to you in a good format for you to be able to guide yourself through lots of different options in the way you watch television. As technology and integration technology continues to get better and better, you're going to be able to aggregate that on your OTT platforms, your smart TV. Your Samsung TV today already has, say, 20 apps, 30, 40 apps already there. The pain of it is you're always clicking between the apps, all the time. Once you can get the whole aggregation together and make it look very similar to what you do in a cable environment, then that interactivity becomes second nature and doesn't really matter who's doing the bundle. It could just be your set-box provider, your smart TV provider. CNBC:: So this idea that some media executives have that there's going to be a floor at 50 million subscribers, that's ultimately fantasy? Goei: I think so, because name me one person under 30 years old who has a cable video connection. I can't. So it's just a question of time. People grow up in a certain way. I tell my kids all day long, how could you spend 10 hours a day on your iPhone? And they're like, "Daddy, that's our life. We didn't go out in the woods and build bricks and castles and stuff like you. That stuff is boring. My whole life is on my phone." So, there's an evolution of technology and habits and the way people consume content thatâ(TM)s changed dramatically over the last ten years, and it's going to continue to change.

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Linux Mint Developers Will Force Updates on Users Like Microsoft Does with Windows 10

著者: msmash
2021年3月2日 05:45
AmiMoJo shares a report: Last month, the Linux Mint team published a post on the organization's official blog about the importance of installing security updates on machines running the Linux distribution. The essence of the post was that a sizeable number of Linux Mint devices was running outdated applications, packages or even an outdated version of the operating system itself. A sizeable number of devices run on Linux Mint 17.x, according to the blog post, a version of Linux Mint that reached end of support in April 2019. A new blog post, published yesterday, provides information on how the team plans to reduce the update reluctance of Linux Mint users. Next to showing reminders to users, Linux Mint's Update Manager may enforce some of the updates according to the blog post. "In some cases the Update Manager will be able to remind you to apply updates. In a few of them it might even insist." Upcoming versions will provide information on the implementation, how the "insisting" part may look like, and whether the installation of updates will be enforced. All of this boils down to a single question: how far should operating system developers go when it comes to updates? BetaNews adds: "And now, it seems the Linux Mint developers are taking a page out of Microsoft's playbook by planning to force some updates on its users. Yes, folks, Linux Mint is becoming more like Windows 10."

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China Charges Ahead With a National Digital Currency

著者: msmash
2021年3月2日 05:04
The electronic Chinese yuan is now being tested in cities such as Shenzhen, Shanghai and Beijing. No other major power is as far along with a homegrown digital currency. From a report: Annabelle Huang recently won a government lottery to try China's latest economics experiment: a national digital currency. After joining the lottery through the social media app WeChat, Ms. Huang, 28, a business strategist in Shenzhen, received a digital envelope with 200 electronic Chinese yuan, or eCNY, worth around $30. To spend it, she went to a convenience store near her office and picked out some nuts and yogurt. Then she pulled up a QR code for the digital currency from inside her bank app, which the store scanned for payment. "The journey of how you pay, it's very similar" to that of other Chinese payments apps, Ms. Huang said of the eCNY experience, though she added that it wasn't quite as smooth. China has charged ahead with a bold effort to remake the way that government-backed money works, rolling out its own digital currency with different qualities than cash or digital deposits. The country's central bank, which began testing eCNY last year in four cities, recently expanded those trials to bigger cities such as Beijing and Shanghai, according to government presentations. The effort is one of several by central banks around the world to try new forms of digital money that can move faster and give even the most disadvantaged people access to online financial tools. Many countries have taken action as cryptocurrencies such as Bitcoin, which has recently soared in value, have become more popular. But while Bitcoin was designed to be decentralized so that no company or government could control it, digital currencies created by central banks give governments more of a financial grip.

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Goldman Sachs Restarts Cryptocurrency Desk, Will Begin Dealing Bitcoin Futures

著者: msmash
2021年3月2日 04:28
Goldman Sachs Group has restarted its cryptocurrency trading desk and will begin dealing bitcoin futures and non-deliverable forwards for clients from next week, Reuters reported Monday, citing a source. From the report: The team will sit within the U.S. bank's Global Markets division, the person said. The desk is part of Goldman's activities within the fast-growing digital assets sector, which also includes projects involving blockchain technology and central bank digital currencies, the person said. As part of this work, the bank is also exploring the potential for a bitcoin exchange traded fund and has issued a request for information to explore digital asset custody, the source said. The trading desk reboot comes amid growing interest by institutions in bitcoin, which has soared more than 470% over the past year. The largest cryptocurrency is seen by investors and some companies as a hedge against inflation as governments and central banks turn on the stimulus taps.

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First Fully Weaponized Spectre Exploit Discovered Online

著者: msmash
2021年3月2日 03:41
Catalin Cimpanu, reporting for The Record: A fully weaponized exploit for the Spectre CPU vulnerability was uploaded on the malware-scanning website VirusTotal last month, marking the first time a working exploit capable of doing actual damage has entered the public domain. The exploit was discovered by French security researcher Julien Voisin. It targets Spectre, a major vulnerability that was disclosed in January 2018. [...] The vulnerability, which won a Pwnie Award in 2018 for one of the best security bug discoveries of the year, was considered a milestone moment in the evolution and history of the modern CPU. Its discovery, along with the Meltdown bug, effectively forced CPU vendors to rethink their approach to designing processors, making it clear that they cannot focus on performance alone, to the detriment of data security. Software patches were released at the time, but the Meltdown and Spectre disclosures forced Intel to rethink its entire approach to CPU designs going forward. At the time, the teams behind the Meltdown and Spectre bugs published their work in the form of research papers and some trivial proof-of-concept code to prove their attacks. Shortly after the Meltdown and Spectre publications, experts at AV-TEST, Fortinet, and Minerva Labs spotted a spike in VirusTotal uploads for both CPU bugs. While initially there was a fear that malware authors might be experimenting with the two bugs as a way to steal data from targeted systems, the exploits were classified as harmless variations of the public PoC code published by the Meltdown and Spectre researchers and no evidence was found of in-the-wild attacks. But today, Voisin said he discovered new Spectre exploits -- one for Windows and one for Linux -- different from the ones before. In particular, Voisin said he found a Linux Spectre exploit capable of dumping the contents of /etc/shadow, a Linux file that stores details on OS user accounts.

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Cities Are Starting To Ban New Gas Stations

著者: msmash
2021年3月2日 03:05
Petaluma, California, has voted to outlaw new gas stations, the first of what climate activists hope will be numerous cities and counties to do so. From a report: The movement aims to accelerate the shift to electric vehicles. "This is not a ban on the existing gas stations, which are providing all the gas currently needed," Matt Krogh, U.S. oil and gas campaign director for the environmental group Stand.earth, tells Axios. "The problem with allowing new gas stations is we don't really need them and they're putting existing gas stations out of business." In Petaluma -- where neighborhood opposition to a new Safeway gas station prompted years of litigation -- the council voted unanimously last week to move forward with a permanent ban on new stations; a final vote will happen Monday. Existing stations won't be allowed to add new gas pumps, though they're encouraged to build electric charging bays. "The city of roughly 60,000 people is host to 16 operational gas stations, and city staff concluded there are multiple stations located within a 5-minute drive of every planned or existing residence within city limits," per the Santa Rosa Press Democrat. The city councilor who introduced the measure, D'Lynda Fischer, is quoted as saying: "The goal here is to move away from fossil fuels and to make it as easy as possible to do that."

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Banks in Germany Tell Customers To Take Deposits Elsewhere

著者: msmash
2021年3月2日 02:31
Interest rates have been negative in Europe for years. But it took the flood of savings unleashed in the pandemic for banks finally to charge depositors in earnest. From a report: Germany's biggest lenders, Deutsche Bank and Commerzbank, have told new customers since last year to pay a 0.5% annual rate to keep large sums of money with them. The banks say they can no longer absorb the negative interest rates the European Central Bank charges them. The more customer deposits banks have, the more they have to park with the central bank. That is creating an unusual incentive, where banks that usually want deposits as an inexpensive form of financing, are essentially telling customers to go away. Banks are even providing new online tools to help customers take their deposits elsewhere. Banks in Europe resisted passing negative rates on to customers when the ECB first introduced them in 2014, fearing backlash. Some did it only with corporate depositors, who were less likely to complain to local politicians. The banks resorted to other ways to pass on the costs of negative rates, charging higher fees, for instance. The pandemic has changed the equation. Savings rates skyrocketed with consumers at home. And huge relief programs from the ECB have flooded banks with excess deposits. Banks also have used the economic dislocation of the pandemic to make operational changes they have long resisted.

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