Two of the original developers of the crypto mixer Tornado Cash are caught up in a whole new shitstorm of a federal indictment. On Wednesday, the U.S. alleged that two of the original devs, Roman Storm and Roman Semenov, helped crypto criminals launder millions of crypto at a time helping to emphasize the “anonymous”…
If you’ve been wondering who’s making the most money from the AI boom, NVIDIA may have the answer in it’s latest earnings report. The company announced revenue of $13.51 billion in the second quarter, more than doubling the $6.7 billion it made last year and crushing market expectations. On top of that, it earned $6.18 billion in GAAP net income, nine times the $656 million it made in Q2 2022.
NVIDIA’s gaming segment did pretty well too, thanks to $2.49 billion in Q2 revenue, up 22 percent from last year. During the quarter, it started shipping the budget-oriented GeForce RTX 4060 GPU, announced the Avatar Cloud Engine (ACE) for games and saw the addition of 35 DLSS games including Diablo IV. (Earlier this week, it unveiled DLSS 3.5 designed to use AI to make ray-traced games look better.)
But it was very much the AI and data center segments that pushed NVIDIA to new heights. It saw a record $10.32 billion in revenue in that sector alone, up 141 percent from Q1 2023 and 171 percent from a year ago.
Earlier this year, CEO Jensen Huang said that back in 2018, NVIDIA had a “bet the company” moment when it started using AI to power DLSS, “and while we were reinventing CG with AI, we were reinventing the GPU for AI.” He later added that “the future is a large language model (LLM) at the front of just about everything,” from VFX to heavy industry.
NVIDIA’s prescience is now paying off with the company’s flagship H100 Tensor Core GPU. It’s also been building more complex systems like the HGX box, which puts eight H100 GPUs into a single computer. All of that helped it create immense cashflows with top customers spending heavily on NVIDIA GPU tech to build complex AI models — like Microsoft with its Azure segment.
In addition, the company’s use of custom software and apps makes it difficult for customers to switch rivals like AMD. “Our Data Center products include a significant amount of software and complexity which is also helping for gross margins,” said NVIDIA finance chief Colette Kress in an analyst call.
All that led to a perfect storm of profit. “During the quarter, major cloud service providers announced massive NVIDIA H100 AI infrastructures. Leading enterprise IT system and software providers announced partnerships to bring NVIDIA AI to every industry. The race is on to adopt generative AI,” Huang said in a statement. “Companies worldwide are transitioning from general-purpose to accelerated computing and generative AI.” The company expects more to come, forecasting around $16 billion in revenue for Q3.
This article originally appeared on Engadget at https://www.engadget.com/nvidia-records-mega-profits-thanks-to-its-ai-chip-business-084552302.html?src=rss
The Florida governor’s debate appearance may have been memorable in all the wrong ways.
Don’t tell anyone, but the Nintendo Switch emulation scene has been thriving pretty much since day one, due to an early hardware vulnerability. It’s relatively simple to pirate Switch titles and play them on PCs, portable consoles like the Steam Deck and even lower-powered Android phones. This is a problem for the big N, and it’s addressing it by partnering up with cybersecurity company Irdeto and its anti-tampering software suite Denuvo.
Denuvo is one of the more popular software suites to minimize tampering and associated emulation. This is a middleware that developers pay for and integrate into the actual game code, thus making it much harder to emulate on other devices. The tools are common with PC titles but, until now, were unavailable for Switch developers.
Though Denuvo is useful beyond the prevention of emulation, that seems to be the primary intent here, with Irdeto touting a new dev portal called the Nintendo Switch Emulation Protection program. The company calls it a “revolutionary technology to protect games launching on Nintendo Switch from piracy.” It also notes that Switch piracy hurts PC sales as well, as the games pirated from Nintendo’s console are playable on PC, bypassing Steam, Epic and other official online retailers.
Now, this might be good news for Switch devs, but Denuvo has a spotty track record, despite boasting that it has protected more than 1,000 games from emulation. This is DRM software, plain and simple, so it’s known to slow down performance when installed, leading some publishers to actually remove the middleware post-launch. Additionally, there’s been some high-priority misfires with the software, with hackers cracking Middle-Earth: Shadow of War in less than a day, and that’s with Denuvo installed. It’s also known for being quite expensive, likely putting the software out of reach for smaller studios and development teams.
The Nintendo Switch is over six years old, with a successor expected in the nearish future. In other words, why did this take so long? Nobody knows. Like it or not, the developers portal goes live this week.
This article originally appeared on Engadget at https://www.engadget.com/nintendo-switch-developers-can-now-use-denuvo-to-curb-piracy-170254484.html?src=rss
The first Republican presidential debate was notable for what it didn’t do to help Florida’s governor as other candidates seized the spotlight in Milwaukee.
Two of the original developers of the crypto mixer Tornado Cash are caught up in a whole new shitstorm of a federal indictment. On Wednesday, the U.S. alleged that two of the original devs, Roman Storm and Roman Semenov, helped crypto criminals launder millions of crypto at a time helping to emphasize the “anonymous”…
Apple officially endorsed Senator Susan Talamantes Eggman’s Right to Repair Bill in California, according to iFixit. Reuters says the tech giant even sent legislators in the state a letter, urging them to pass Senate Bill 244, which requires companies to provide consumers and third-party providers the repair diagnostics and parts needed to be able to repair their products. iFixit’s CEO Kyle Wiens called Apple’s endorsement “a watershed moment for consumer rights.” He said it “feels like the Berlin Wall of tech repair monopolies is starting to crumble, brick by brick,” because the bill’s passing could lead to a more competitive market offering cheaper repairs.
If SB 244 becomes a law, the parts, tools and documentations needed to repair products that cost between $50 and $100 will have to be available in the state for three years after the last date they were manufactured. Meanwhile, repair materials for products over $100 will have to be available for seven years. With those rules in place, manufacturers can’t refuse to make information or components available after people’s warranty periods are over. Companies violating the law will be fined $1000 per day for their first violation, $2000 for their second and $5000 per day for more violations after that.
As iFixit notes, Apple has had a long history of opposing Right to Repair rules and previously said that Nebraska would become a “mecca for hackers” when a bill was introduced in the state. Over the past few years, though, the tech giant has been showing signs of a change of heart. In 2021, Apple announced that it would start selling parts and tools directly to consumers and even offer repair guides to help them fix their iPhones and Macs on their own. “We support ‘SB 244′ because it includes requirements that protect individual users’ safety and security as well as product manufacturers’ intellectual property,” Apple reportedly wrote in its letter.
Whether Apple’s endorsement can finally give the bill the support it needs to be approved remains to be seen. Eggman introduced the Right to Repair Act in California way back in 2018, but the bill was only able to amass significant backing this year. The Senate unanimously passed the bill, which will have its final hearing next week. After that, it will have to go to the floor and be approved for the final time by legislators before the governor can sign it into law.
This article originally appeared on Engadget at https://www.engadget.com/apple-backs-right-to-repair-bill-in-california-072227964.html?src=rss
The MSNBC host said this moment will define Trump “for hundreds of years.”
Don’t tell anyone, but the Nintendo Switch emulation scene has been thriving pretty much since day one, due to an early hardware vulnerability. It’s relatively simple to pirate Switch titles and play them on PCs, portable consoles like the Steam Deck and even lower-powered Android phones. This is a problem for the big N, and it’s addressing it by partnering up with cybersecurity company Irdeto and its anti-tampering software suite Denuvo.
Denuvo is one of the more popular software suites to minimize tampering and associated emulation. This is a middleware that developers pay for and integrate into the actual game code, thus making it much harder to emulate on other devices. The tools are common with PC titles but, until now, were unavailable for Switch developers.
Though Denuvo is useful beyond the prevention of emulation, that seems to be the primary intent here, with Irdeto touting a new dev portal called the Nintendo Switch Emulation Protection program. The company calls it a “revolutionary technology to protect games launching on Nintendo Switch from piracy.” It also notes that Switch piracy hurts PC sales as well, as the games pirated from Nintendo’s console are playable on PC, bypassing Steam, Epic and other official online retailers.
Now, this might be good news for Switch devs, but Denuvo has a spotty track record, despite boasting that it has protected more than 1,000 games from emulation. This is DRM software, plain and simple, so it’s known to slow down performance when installed, leading some publishers to actually remove the middleware post-launch. Additionally, there’s been some high-priority misfires with the software, with hackers cracking Middle-Earth: Shadow of War in less than a day, and that’s with Denuvo installed. It’s also known for being quite expensive, likely putting the software out of reach for smaller studios and development teams.
The Nintendo Switch is over six years old, with a successor expected in the nearish future. In other words, why did this take so long? Nobody knows. Like it or not, the developers portal goes live this week.
This article originally appeared on Engadget at https://www.engadget.com/nintendo-switch-developers-can-now-use-denuvo-to-curb-piracy-170254484.html?src=rss
Scientists monitored the “octopus garden” for three years before spotting “clear advantages” to sitting at the site off the California coast.
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