Amazon achieved a market value of $1,000,000,000,000

Another tech giant, Apple, was the first to reach the milestone just weeks ago.

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An Amazon worker. (credit: Getty Images)

After 24 years of operation, Amazon passed a market value of $1 trillion yesterday. It is the second company to reach that arbitrary milestone; fellow tech giant Apple became the first only a few weeks ago. The company's value has fallen slightly below that threshold since, but its continued growth is likely, according to most analysts.

Founded in 1994, Amazon initially sought simply to launch an online storefront for books to challenge Barnes & Noble and other big book retailers. The company went on to build one of the world's most advanced logistical operations to fuel a broad-ranging e-commerce business. It has also offered a wide range of digital content, purchased major media properties like Twitch, and released its own tablets and smart home hardware products.

According to the The New York Times, Amazon "captures 49 cents of every e-commerce dollar in the United States." Its market value is greater than those of the 10 biggest brick-and-mortar retailers combined.

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Japan acknowledges first radiation-linked death out of Fukushima

The man is the first to have his death linked directly to Fukushima’s meltdown.

Man in protective gear gesturing outside Fukushima prefecture

Enlarge / This picture taken on March 5, 2018 shows a guard gesturing at a check post exit from the exclusion zone of Futaba town, Fukushima prefecture, as Japan prepares to mark the 7th anniversary of the devastating 2011 earthquake and tsunami that triggered the Fukushima nuclear disaster. (credit: BEHROUZ MEHRI/AFP/Getty Images)

On Wednesday, Japan's Ministry of Health, Labor, and Welfare admitted that a man employed at the Fukushima nuclear power plant died of lung cancer linked to radiation exposure. Three of the power plant's six reactors melted down in March 2011 when a tsunami hit the Fukushima area.

The deceased, who was in his 50s, "was in charge of measuring radiation at the Fukushima No.1 plant shortly after its meltdown," the BBC reported. Japanese government officials reportedly said the employee had worked at the site "at least twice after it was damaged" and had worn the appropriate protective gear. The man's death is the first to be officially linked to radiation exposure during the disaster.

"After hearing opinions from a panel of radiologists and other experts, the ministry ruled that the man's family should be paid compensation," the BBC wrote.

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Lilbits 333: Windows on Snapdragon 850 is (almost) here

Qualcomm unveiled the Snapdragon 850 processor in June, promising it would offer up to a 30 percent performance improvement for Windows-on-ARM laptops and tablets when compared with the Snapdragon 835 chip. Based on my experience with the Asus NovaGo a…

Qualcomm unveiled the Snapdragon 850 processor in June, promising it would offer up to a 30 percent performance improvement for Windows-on-ARM laptops and tablets when compared with the Snapdragon 835 chip. Based on my experience with the Asus NovaGo and its Snapdragon 835 processor, Windows on ARM needs all the performance boosting it can get. […]

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Neutron-star merger blasted a jet of material through the debris

We can trace the progress of the jets as they shoot out from the merger.

Image of two jets of material being shot out by a compact object.

Enlarge (credit: NASA)

Last year saw the first event that astronomers detected using both photons and gravitational waves. The event, a gamma-ray burst, was triggered by the merger of two neutron stars, forming a single mass of neutrons that was large enough to collapse into a black hole shortly afterwards. Before the black hole appeared, however, lots of material was ejected into space, where it formed heavier elements.

Now, researchers are reporting follow-up observations that suggest the black hole has formed jets of material that are moving at a substantial fraction of the speed of light. The jets have moved fast enough that we have been able to watch them drive through the expanding shell of debris and pass beyond it into open space, helping reveal more details about what's been going on post-collision.

Superluminal

The neutron-star collision was picked up nearly simultaneously by the Fermi Space Telescope, which detected gamma rays produced during the collision, and the LIGO/VIRGO gravitational-wave detectors, which named the event GW170817. In response to the initial detection, many telescopes observed the initial debris in a variety of wavelengths. These observations confirmed that these collisions act as factories for heavy, neutron-rich elements that would be difficult to form in supernovae.

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Neo Cryptocurrency Bid $170 Million for BitTorrent

Tron founder Justin Sun was not the only one interested in taking over BitTorrent Inc. Neo, another cryptocurrency startup, was in the running as well and made a substantially higher bid. However, uncertainty on both sides prevented a successful deal from taking place.

Source: TF, for the latest info on copyright, file-sharing, torrent sites and more. We also have VPN reviews, discounts, offers and coupons.

In May, TF broke the news that Justin Sun, the entrepreneur behind the popular cryptocurrency Tron, was in the process of acquiring BitTorrent Inc.

The San-Francisco based file-sharing company confirmed the interest from Sun, but it took until July before the deal was officially confirmed.

While no formal figures have been publicly released, the deal was reportedly worth $140 million. This figure was later corrected to roughly $120 million by BitTorrent co-founder Ashwin Navin.

While that is still a substantial amount, Tron was not the only company bidding. In fact, there was another cryptocurrency with a desire to take over BitTorrent. The startup Neo, often referred to as the Ethereum of China, put in a higher bid as well.

New details revealed by Coindesk show that Neo Global Capital (NGC), the cryptocurrency’s venture capital firm, was willing to pay $170 million for BitTorrent. This was made up of $115 million for all preferred stock and $55 million of common stock.

This revelation was shared by Neo Blockchain’s head of investment, Weiyu “Wayne” Zhu. Neo planned to use BitTorrent to create a decentralized file-storage system which could be used for blockchain related projects. Despite the higher offer, however, no deal was made.

According to BitTorrent and venture capital firm DCM, which owned most of the preferred stock, Neo’s bid was seen as less favorable. It involved more risk and included a clause that would nullify the entire agreement if the acquisition was not completed in six months.

Documents, seen by Coindesk, state that “the risk of the transaction not being consummated due to the projected closing of such proposed transaction being late in 2018 and [NGC’s] primary assets being cryptocurrency holdings, which required an additional foreign currency conversion prior to the closing of the proposed transaction.”

Neo, for its part, was concerned about the Committee on Foreign Investment in the United States (CFIUS), which could interfere with the acquisition.

In addition, BitTorrent inventor Bram Cohen’s plans to leave the company probably didn’t help, as Neo wasn’t sure whether BitTorrent could deliver what it envisioned without him. As first reported here last month, Cohen moved away from BitTorrent, which means that the company lost its original technical visionary.

“We were not so sure that BitTorrent is technically advanced enough to become the decentralized file project we had hoped it would be,” Zhu said.

In the end, BitTorrent and Tron reached an agreement in February where the latter would pay $90 million for the preferred stock and $30 million for the stock. After finalizing the paperwork, the deal was eventually made public a few weeks ago.

It remains to be seen whether current BitTorrent users will notice any change following the shift in ownership. While the BitTorrent protocol will remain free and open to anyone, Tron now controls the popular uTorrent clients, including the new web version.

The company previously announced that nothing will significantly change in the short term. However, Tron’s founder Justin Sun also said that he plans to add financial incentives for those who seed content, which could, in theory, come to uTorrent as well.

Whatever direction Tron will go in, the core BitTorrent protocol remains open and cryptocurrency free.

Source: TF, for the latest info on copyright, file-sharing, torrent sites and more. We also have VPN reviews, discounts, offers and coupons.

Nubia Z18 smartphone is nearly all screen, has Snapdragon 845 processor and $410 starting price

Xiaomi may have set a new standard by introducing a smartphone last month featuring a Qualcomm Snapdragon 845 processor and a $300 price tag. But at a time when most phones with that processor sell for twice the price, Nubia’s new Z18 smartphone …

Xiaomi may have set a new standard by introducing a smartphone last month featuring a Qualcomm Snapdragon 845 processor and a $300 price tag. But at a time when most phones with that processor sell for twice the price, Nubia’s new Z18 smartphone with a Snapdragon 845 chip and a $410 starting price still looks […]

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Daily Deals (9-05-2018)

Amazon is running a 1-day sale on networking and storage products, which means you can score a 32GB microSD card for about $7.50, a 256GB card for $63, or a 3-pack of WiFi routers for setting up a whole-home mesh network for $160, just to name a few of…

Amazon is running a 1-day sale on networking and storage products, which means you can score a 32GB microSD card for about $7.50, a 256GB card for $63, or a 3-pack of WiFi routers for setting up a whole-home mesh network for $160, just to name a few of the items on sale. Here are […]

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Unpatched routers being used to build vast proxy army, spy on networks

Multiple malware campaigns are spreading hacks of MikroTik gear, including failed Monero miners.

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Enlarge (credit: Dirk Hoffmann / EyeEm/Getty Images)

Researchers at China's Netlab 360 have discovered that thousands of routers manufactured by the Latvian company MikroTik have been compromised by malware based on a vulnerability made public by WikiLeaks' publication of tools from the CIA's "Vault7" toolkit. While MikroTik posted a software update for the vulnerability in April, researchers found that more than 370,000 MikroTik devices they identified on the Internet were still vulnerable.

According to a report by Netlab 360's Genshen Ye, more than 7,500 of them are actively being spied on by attackers, who are actively forwarding full captures of their network traffic to a number of remote servers. Additionally, 239,000 of the devices have been turned into SOCKS 4 proxies accessible from a single, small Internet address block.

MikroTik provides routing and wireless hardware for Internet service providers and businesses worldwide, including ISP and campus network infrastructure such as outdoor fiber routers and wireless backbones. The vulnerable routers discovered by Netlab 360, still configured with an unpatched interface for the company's Winbox router configuration utility, are widely distributed—but the largest concentrations of affected networks were in Brazil and Russia. There were 14,000 devices identified operating using US-based IP addresses.

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Engineering tour de force births programmable optical quantum computer

Two qubits, but computation part seems scalable. Don’t ask about the rest.

Integrated optical chip, showing many many interferometers to create a two-qubit programmable gate.

Enlarge / The maze: as a photon you must run it. But your path will be changed by your partner photon. (credit: Nature)

There comes a moment in every physicist's life when they think the unthinkable: I wish I were an engineer. I suspect this thought crossed the minds of the 14-odd physicists involved in creating a key demonstration of the scalability of quantum computing using light.

At the moment, if you had to bet on the technology most likely to win the quantum computing race, most people would put their chips on a spread of superconducting rings. But I’d put the house and kids on light. Why? Because lasers make everything better. More seriously, quantum computing architectures based on superconducting devices have made remarkable progress in the last five to ten years. By contrast, progress on the light front has been ominously slow. But it should be easier to work with light-based qubits if we can ever get them off the ground.

Why I love photons

Photons, as far as I’m concerned, still make the best quantum bits (qubits). This is because photons mostly pass through the world unhindered. A photon, in a super-special quantum state, can go from air to an optical fiber to air, through a silicon chip, back into air, and into a fiber again, all without destroying its quantum state. About all you need to ensure is that your photon detector is in the dark so that only the qubit photons hit it.

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DVB-T: Die Schweiz stellt ihr Antennenfernsehen komplett ein

Der öffentliche Rundfunk der Schweiz muss sparen, das wenig genutzte analoge Antennenfernsehen wird darum schon im kommenden Jahr ersatzlos eingestellt. DVB-T2 findet in der Schweiz nicht statt. (DVB-T, Telekommunikation)

Der öffentliche Rundfunk der Schweiz muss sparen, das wenig genutzte analoge Antennenfernsehen wird darum schon im kommenden Jahr ersatzlos eingestellt. DVB-T2 findet in der Schweiz nicht statt. (DVB-T, Telekommunikation)