Daily Archives: December 3, 2021

Industrial Cyber Security Market: High Investment in Infrastructure as a Service and Cloud Computing Tools to Augment Growth During Coronavirus -…

Posted: December 3, 2021 at 5:19 am

Pune, India, Dec. 01, 2021 (GLOBE NEWSWIRE) -- The global Industrial Cyber Security Market size is excepted reach to reach USD 29.41 billion by 2027, exhibiting a CAGR of 8.2% during the forecast period. The integration of cybersecurity solutions and advanced cloud services by various industries will spur opportunities for the global market during the forecast period, states Fortune Business Insights, in a report, titled Industrial Cyber Security (ICS) Market Size, Share & COVID-19 Impact Analysis, By Component (Product, Software and Services), By Security Type (Network Security, Cloud Application Security, End-point Security, Internet Security, and Others), By Industry (Process Industry and Discrete Industry) and Regional Forecasts, 2020-2027. The market size stood at USD 15.84 billion in 2019.

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The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too, shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling, and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

The Report Lists the Key Companies in the Market:

We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreaks across industries to help you prepare for the future.

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The report on industrial cyber security incorporates essential understandings of the market, all-inclusive data about prominent players, distinguished facts and figures, latest developments, key drivers and restraints, along with imperative information about dominant regions. Moreover, the report also provides a brief study regarding the impact of the COVID-19 pandemic impact on the industry.

Increasing Acceptance of AI-based Industrial Robots to Bolster Growth

The growing implementation of cloud-based ICS-as-a-service and industrial robots across manufacturing and industrial plants will contribute positively to the markets growth. According to the International Federation of Robotics, in 2018, there were around 125.6 thousand industry robots deployed across the automotive industry, 105.2 thousand deployed across the electronic industry, and 43.6 thousand deployed across the metal and mining industry worldwide. Similarly, as per the Robotic Industries Association (RIA) report, in 2018, around 422,000 industry robots shipped globally. Cybersecurity solutions secure industrial robots from cyber-attacks, thus supporting smooth operations. Moreover, governments heavy investments in cybersecurity will foster the market's healthy growth in the forthcoming years. For instance, in May 2017, the Singaporean government declared an investment for four years (2017 2021) of around USD 1.76 billion in economic strategies. This investment includes the advancement of various Cybersecurity Agency (CSA) of Singapore.

Investment Plans of Prominent Companies to Uplift Market Amid Coronavirus

The coronavirus has adversely affected the IT sector around the world, consequently hampering the market. However, noteworthy companies are focused on investment strategies to improve the market scenario. According to IDC, worldwide IT spending is expected to decline by 2.7% due to COVID-19. Moreover, the expenditure on infrastructure as a service (IaaS) and cloud computing tools is projected to increase in the near future. For instance, in May 2020, Rockwell Automation, Inc., announced that it has acquired Kalypso, LP., software delivery and consulting organization. The company intends to provide control products and solutions using Kalypsos abilities to develop security solutions. Moreover, the temporary closure of manufacturing facilities, industrial plants, factories, and other industries has restricted the market's expansion.

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Implementation of Cloud-Based Security Solutions to Boost Growth in the Asia Pacific

The market Asia Pacific is expected to rise excellently during the forecast period due to existing companies in China, India, Taiwan, Japan, Australia, South Korea, and other ASEAN countries. The heavy investments in cloud-based security applications will contribute positively to the growth of the market in Asia Pacific. The emergence of new companies coupled with small and medium enterprises (SMEs) will foster the healthy development of the market in Asia Pacific. Europe is expected to expand radically during the forecast period owing to the rising investment for secure IT infrastructure across industries. For instance, according to UBS Group AG, in Europe, the estimated electric vehicle revenue is likely to reach around 6.33 million units by 2025.

Key Development:

August 2019: Cisco System Inc., an American multinational technology conglomerate headquartered in San Jose, California, completed the acquisition of Sentryo, a Lyon, France-based company. Sentryo offers cybersecurity solutions and asset visibility for industrial control systems (ICS).

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Industrial Cyber Security Market: High Investment in Infrastructure as a Service and Cloud Computing Tools to Augment Growth During Coronavirus -...

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Cloud Security Alliance Issues Guidance to Help Organizations Optimize Business Outcomes When Using Cloud-native Key Management Services with External…

Posted: at 5:19 am

Paper offers recommendations for choosing, planning, and deploying cloud-native key management systems when organizations want to or must import key material

SEATTLE, December 02, 2021--(BUSINESS WIRE)--The Cloud Security Alliance (CSA), the worlds leading organization dedicated to defining standards, certifications, and best practices to help ensure a secure cloud computing environment, today released Cloud Key Management System with External Origin Key. Written by the Cloud Key Management Working Group to help organizations optimize such business outcomes as security, agility, cost, and compliance, the paper provides general guidance for choosing, planning, and deploying cloud-native key management systems (KMS) in cases where organizations either want to or must import key material (e.g., keys, vaults, secrets, policies) from an external source.

"A cloud service providers KMS often has strong ties to its other cloud services, and this same cloud-native KMS using EKO can be used with a customers on-premises technologies and cloud services from other providers. Unsurprisingly, integrating a cloud KMS with an organizations assets spanning traditional private data centers, as well as private and public cloud services in various geographic locations presents a host of challenges," said Paul Rich, co-chair of the Cloud Key Management Working Group and one of the papers authors. "Its our hope that after reading this document, program and project managers who have been tasked with leading their organization through the selection, planning, and deployment stages of cloud-native KMS using EKO will be able map considerations to their organization."

The guidance addresses the technical, operational, legal, regulatory, and financial aspects of leveraging a cloud-native KMS using external key origin (EKO) for each of the three stages of the lifecycle (choosing, planning, and deploying). Each aspect is broken down into further considerations and their accompanying justifications. Because cloud-native key management systems using EKO are relatively new, there isnt a large repository of best practices from which to draw. This guidance, therefore, combines best practices drawn from experience with traditional key management systems, cloud services in general, and cloud-native key management systems.

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For further reading, Key Management in Cloud Services: Understanding Encryptions Desired Outcomes and Limitations provides the foundation for the choice of cloud KMS pattern and general guidance for using KMS whether the KMS is native to a cloud platform, external, self-operated, or yet another cloud service. Additionally, Recommendations for Adopting a Cloud-Native Key Management System provides more specific guidance for choosing, planning, and deploying cloud-native key management systems.

The Cloud Key Management Working Group aims to facilitate the standards for seamless integration between cloud service providers and key broker services. Those interested in participating in future research and initiatives involving cloud key management are invited to join the working group.

Download Cloud Key Management System with External Origin Key now.

About Cloud Security Alliance

The Cloud Security Alliance (CSA) is the worlds leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment. CSA harnesses the subject matter expertise of industry practitioners, associations, governments, and its corporate and individual members to offer cloud security-specific research, education, training, certification, events, and products. CSA's activities, knowledge, and extensive network benefit the entire community impacted by cloud from providers and customers to governments, entrepreneurs, and the assurance industry and provide a forum through which different parties can work together to create and maintain a trusted cloud ecosystem. For further information, visit us at http://www.cloudsecurityalliance.org, and follow us on Twitter @cloudsa.

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Contacts

Media Contacts Kristina Rundquist for the CSAkristina@zagcommunications.com

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Dark clouds on the horizon: How to close the gaps in cloud security – SecurityBrief Asia

Posted: at 5:19 am

Article byGigamon A/NZ general managerGeorge Tsoukas.

These days cloud security is more trusted than ever. According to a recent study in a survey of 2,000 IT leaders from around the globe, nearly 85% of respondents said that they trust cloud security practices as much as, or more than, those associated with their on-premises data infrastructures.

Counterintuitive though it may seem, the reality is that in most cases, data is actually more secure when it is maintained offsite. Cloud computing eliminates the dangers associated with on-site threats (disgruntled employees, break-ins, disasters and regional emergencies, and so on).

At the same time, cloud vendors tend to take a more proactive approach to keep security measures fully patched and up to date, often well beyond standards maintained by individual organisations.

As such, cloud computing is enjoying a golden age of trust and capability. This is why it's all the more important to recognise that cloud security isn't infallible. There are still gaps in cloud security, and the first step to closing those gaps is identifying them.

What are the major problems of cloud security? A solid cloud infrastructure brings with it a number of advantages.

In addition to the obvious benefits associated with unrestricted availability (authorised users can access their cloud solutions at any time, from anywhere in the world) and improved collaboration (having a single, centralised set of cloud-based tools empowers team members to connect easily and share information), cloud computing is also capable of improving data capture and analysis, reporting, business continuity and resilience, and scalability.

Given the current business environment, these are essential factors in retaining a competitive edge. But let's not discuss the strengths of the cloud. Instead, let's focus on some of its potential weaknesses.

Modern problems in cloud security, though not as obvious as the fears when the cloud first began to gain prominence, can still represent a clear danger to businesses and their customers.

Taking a closer look at several gaps in cloud security and considering how these dark clouds may be casting a shadow on organisations can help understanding.

The inability to replicate on-prem security and compliance models is a serious issue. When people operate within the cloud, they play on someone else's field and have to abide by their rules.

While cloud vendors implement effective security solutions, these are seldom the same as those in which organisations have already invested significant time and energy in creating. So what happens to those security investments when a business switches to the cloud? In many cases, they risk being lost, along with essential data visibility.

This issue also extends to concerns with compliance models. Data compliance is a major issue, with new and upcoming legislation taking an ever-more-aggressive approach to ensuring safe and ethical data practices.

Non-compliance with regulatory measures may result in serious consequences, including fines, jail time for company executives, or even the forced dissolution of the offending company.

Unfortunately, issues related to data compliance in the cloud can be difficult to define fully, but even when data is managed entirely by cloud vendors, the business assumes at least a portion of the liability.

And when the organisation has almost no say in what compliance models are being implemented, it also has little control over the outcome.

Modifying cloud apps to meet security controls is a difficult process. The gaps in cloud security extend into cloud applications, and cloud apps may not be designed to meet the security standards of the organisations that depend on them.

While it may be possible to modify or extend some applications for improved security, doing so is generally a time-consuming, expensive and highly complex task.

If a business does not have access to the available resources, expertise or funding to modify cloud apps to meet security controls, then organisations may find themselves looking for other options.

All the previous points come together to create this final gap in cloud security. Because many organisations recognise all the issues, full cloud adoption may be slowed, lessened, or even completely halted. This can result in a less effective cloud security posture.

Security and compliance solutions

In many (or possibly most) cases, a company's data and reputation are still safer in the cloud than they would be if they were confined strictly to on-premises solutions.

That said, those gaps in cloud security should not be overlooked. To help ensure optimal data protection in the cloud, organisations need optimal cloud visibility.

Selected technology can provide unfiltered visibility into any private or hybrid cloud infrastructure, giving more control over everything that happens to assets in the cloud.

It enables users to eliminate many blind spots that stand in the way of optimal cloud security and experience. Organisations can see exactly how their data is being handled.

With visibility-as-code, essential monitoring can be embedded directly into cloud automation, easily scaling up or down to match users' needs.

With improved visibility comes increased control. Organisations are able to migrate their entire existing security posture directly to the cloud and ensure that investment in on-premises solutions and essential compliance frameworks becomes part of a complete cloud security plan.

Visibility also extends to cloud applications, delivering a reliable, easy and inexpensive way to connect cloud apps with your proven security controls.

In other words, advanced solutions are closing the most prominent cloud security gaps, enabling users to blow away the dark clouds blocking the view of their data.

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Dark clouds on the horizon: How to close the gaps in cloud security - SecurityBrief Asia

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Google Cloud Selected by EMBL-EBI as Strategic Partner to Accelerate the Pace of Research – HPCwire

Posted: at 5:19 am

SUNNYVALE, Calif.andCAMBRIDGE, U.K.,Dec. 2, 2021 Hosting the worlds most comprehensive set of freely available and up-to-date molecular data resources,EMBLs European Bioinformatics Institute (EMBL-EBI)announced today it has chosen Google Cloud as a strategic cloud partner.

As part of a new, comprehensive, five-year partnership, EMBL-EBI will tap Google Clouds innovative technologies and global infrastructure to accelerate the pace of service delivery to its global user community, which includes research labs, pharmaceutical companies, academic institutions, and more.

EMBL-EBI hosts a range of open data resources for the life sciences community, spanning genomics, proteins, chemical data, and more. These data resources are freely and openly available for anyone to use, similar to a digital public library. This approach supports open science and speeds up scientific discovery on a global scale.

EMBL-EBI will use Google Clouds cloud infrastructure and services to accelerate the processing of data from the community, providing more value for researchers and stakeholders, and delivering new insights through EMBL-EBIs data resources.

The partnership between Google Cloud and EMBL-EBI aims to:

The use of cloud infrastructure will support EMBL-EBIs goals, and will not change researchers access to EMBL-EBI data. The global research community will continue to have open access to the institutes data resources and tools. The data hosted by EMBL-EBI will continue to be stored in the institutes data centers and will remain accessible via existing methods indefinitely. Over time, copies of selected data may be stored and processed in Google Cloud, in compliance with EMBLs internal data classification and data protection policies, and leveraging Google Clouds advanced data protection capabilities. All data stored on Google Cloud by EMBL-EBI remains under EMBL-EBI control and delivery.

Steven Newhouse, Head of Technical Services, EMBL-EBI said:Google has an incredible network of life science expertise as well as infrastructure services that provide a tremendous opportunity to work together to help speed up scientific discovery. Were excited about the possibilities that Google Clouds secure, flexible, and connected infrastructure can provide to EMBL-EBI to enable our services to be accessed globally.

Mark Palmer, Head of Public Sector, EMEA, Google Cloud, commented:As we continue our work with customers in the research space, the impact of cloud computing becomes increasingly clear. As part of this new partnership, we have the opportunity to accelerate research by providing EMBL-EBI with high performance computing solutions that will provide researchers with the tools and compute to drive more effective and efficient research.

About Google Cloud

Google Cloud accelerates organizations ability to digitally transform their business with the best infrastructure, platform, industry solutions and expertise. We deliver enterprise-grade solutions that leverage Googles cutting-edge technology all on the cleanest cloud in the industry. Customers in more than 200 countries and territories turn to Google Cloud as their trusted partner to enable growth and solve their most critical business problems.

About EMBLs European Bioinformatics Institute (EMBL-EBI)

TheEuropean Bioinformatics Institute (EMBL-EBI)is a global leader in the storage, analysis and dissemination of large biological datasets. We help scientists realise the potential of big data by enhancing their ability to exploit complex information to make discoveries that benefit humankind.

We are at the forefront of computational biology research, with work spanning sequence analysis methods, multi-dimensional statistical analysis and data-driven biological discovery, from plant biology to mammalian development and disease.

We are part of EMBL and are located on the Wellcome Genome Campus,Cambridge UK, one of the worlds largest concentrations of scientific and technical expertise in genomics.

Funding

As part of the European Molecular Biology Laboratory (EMBL), the majority of EMBL-EBIs funding comes from the governments ofEMBLs member states. EMBL-EBIstechnical infrastructure development is also supported by capital investment fromUK Research and Innovation (UKRI). EMBL-EBI is extremely grateful to its funders for their continued support in helping the institute develop its technical infrastructure, which is crucial for making biological data freely and openly available to the international scientific community.

Source: Google Cloud

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Running business on Cloud – The Hindu

Posted: at 5:19 am

From SaaS to IaaS to PaaS, the application of cloud computing has now become universal

If you want to sell something, the most important thing to focus on is the business model. And if you want to sell your products or services online, then you need a web portal that supports a business process that goes from taking the request,delivering the product and collecting the payment. Twenty years ago one would have to set up a technical team to manage all the computer infrastructure. However, that is no longer the case.

With Cloud Computing, you only have to subscribe to a service provider to obtain the hardware and operating system that your software needs. This lets you focus on the core business problem and not worry about computer infrastructure which will reside in a datacentre in your country or somewhere else. And the pricing for this mix of hardware product and service is based on how long the computers are used, the type of hardware and how much data is stored etc.. In other words, Cloud Computing brings the utility model to computer infrastructure: like electricity, we only pay for how much we use. Cloud computing business had a valuation of $370 billion in 2020 and it reflects how critically important Cloud Computing is to any business that uses software. Almost 50% of all corporate data is stored in the Cloud.

At the heart of Cloud computing are two vital technologies: virtualisation which lets computer resources be shared through multiple virtual machines; and network that lets data requests flow to and from the datacentre or the Cloud through the Internet. It needs to be noted that resource sharing and utility computing have existed in some form for many years. A good example is the IBM mainframe which accepted job requests and allocated computing resources. But the difference with Cloud computing is that hardware resources are distributed across multiple locations and there is a diverse choice of software that is available to consumers. Mainframes typically were high power computers but Cloud computing offers more computing power with commodity hardware and more choice of software pre-installed as per our demand.

This model of utility computing is called pay-as-you-go and it is the same principle behind Software as a Service (SaaS). With SaaS, a software user is charged based on how many transactions a customer makes and the volume of those transactions, instead of a flat fee. An example is Google Photos where a customer pays based on the giga-bytes that is required to store photos. Other popular examples are Zoho applications and Google Applications. SaaS model is now present in various complex businesses. Even Cloud Computing services like Amazon Web Services or Microsoft Azure, work on the principle of SaaS but because they offer Infrastructure, they are Infrastructure as a Service (IaaS) if we order hardware with minimal software, or Platform as a Service (PaaS) if we order hardware with more than minimal software installed on it.

When software is built and run on the Cloud, depending on where the servers (ie, the computer infrastructure) are located, the response time will differ. To provide quick responses especially when customers are present in multiple geographies (think Google or Amazon or IRCTC), it is prudent to host the Cloud in multiple locations. This is called Edge computing. By Cloud we refer to the same datacentre and network circuits that are used by multiple customers including possibly our business competitors. It is also called public Cloud. In contrast to this is the private Cloud where geographically distributed hardware are cordoned off virtually such that the computing resources are allotted only to one customer. A recent trend is to manage data security issues by using hybrid Cloud: the extremely vital, private information is stored in the private Cloud while the less critical data is stored in the public Cloud.

Cloud Computing unleashes unlimited computing resources and to use these resources to the fullest, new software development paradigms need to be adopted. For example, the recent trend known as Cloud native development is developing software that runs on multiple parallel threads or can automatically request for extra servers when demand is high and turn off servers when demand is low.

In order to automate launching new servers, managing them, running software in them, scaling them down etc. automation software like Terraform is used. These are called Infrastructure-as-a-service software. There are many solutions built around infrastructure failing over to a back-up, spawn new virtual machines called containers and ensure High Availability etc.. These solutions all come under the umbrella called Devops (Development and Operations).

When Cloud Computings potential is used well, one can launch rich features faster and put customers on cloud nine.

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Running business on Cloud - The Hindu

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Empowering the military and first responders with IoT – TechTarget

Posted: at 5:19 am

Interconnected devices, machines and things affect every facet of industry and modern life, including consumer and retail spaces or industrial and manufacturing plants implementing environmental sensors, automation and edge computing. Technology has even changed modern warfare.

The internet of military things is a rapidly growing segment of IoT 2.0 accelerating in 2022 across operations in every branch of the armed forces and intelligence community.

In stark contrast to many of the edge computing use cases of the future like self-driving cars and drone-based deliveries, the internet of military things is about saving lives today by establishing information superiority in the field.

Despite increased tactical military sophistication, civilian, first responder and warfighter deaths rose in 2020. According to the National Law Enforcement Officers Memorial Fund, first responder casualties were up 96% in 2020. The final year of the U.S. campaign in Afghanistan saw the highest military and civilian casualty rate since operations began to diminish in 2015. The average number of natural disasters in the last decade has climbed nearly 10% over the first 10 years of the century.

Escalating conflicts abroad and increased civil strife at home combined with a global pandemic and ever more frequent demand for natural disaster response means the risk to human life is at an all-time high.

Over 20 years ago, the concept of network-centric tactical engagement transformed traditional command structures, enabling data sharing between both new and old assets to create information superiority.

The proliferation of sensors, unmanned vehicles, command posts and mobile-enabled personnel has resulted in a field scenario that is increasingly complex and sophisticated.

During the same period, the market has seen the rapid adoption of centralized cloud computing services. Organizations have attempted to create sustainable competitive advantages using the cloud's benefits, namely the ability to deliver more agile IT infrastructure at a reduced cost.

But centralized cloud computing appears ill-suited for the era of network-centric tactical engagement. The mismatch is partly because of the outsourced, centralized nature of cloud computing and partly because of the untenable nature of applying traditional cloud application architectures to deployment scenarios characterized by impermanent and transient infrastructure.

Tactical edge computing can be described as decentralized cloud computing whereby services can be used in geographically remote areas where reliance on communication with a centralized cloud is no longer needed. Given this decoupling of traditional cloud architectures, organizations can shape tactical edge computing to suit the environment. Decentralized computing will usher in the era of the "bizarre" looking data centers -- such as forward operating bases, personnel carriers, or data centers in a box.

More importantly, tactical edge computing will enable augmented intelligence for warfighters and first responders by embracing distributed application development and deployment. Distributed computing is the key to delivering real-time performance for data processing and data fusion algorithms that will drive innovation, such as real-time threat assessment and response, autonomous traffic systems for emergency services and precision navigation. These are future applications that will save lives by decentralizing decision-making and bringing the power of real-time data to the field.

The internet of military things is no trend. It's imperative for the success and safety of civilians, first responders and warfighters in dangerous situations worldwide. The foundation of the internet of military things is tactical edge computing. It is coming, and in 2022 it will become a national imperative to create a secure, resilient and strong infrastructure capable of meeting the needs of the nation and the world.

About the author

John Cowan is co-founder and CEO of EDJX. He is regarded as the company's business model visionary and is the author of the company's overall commercial strategy. Cowan is approaching 20 years of experience leading early stage company strategy execution, including raising and managing venture capital, identifying and executing potential mergers and acquisitions, and recruiting and developing high-performance teams and advisory boards.

Cowan presently serves on the board of directors of 6fusion USA Inc., Requis LLC and EDJX Inc., and was previously a member of the board of managers for Unified Communication X LLC.

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Empowering the military and first responders with IoT - TechTarget

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The FTC is suing to block Nvidias $40 billion purchase of Arm – The Verge

Posted: at 5:19 am

Nvidias $40 billion acquisition of Arm just ran into another massive hurdle: the Federal Trade Commission, which announced today that its suing to block the merger from going through due to concerns that the combined companies would stifle competing next-generation technologies. The suit comes after an FTC investigation into the deal following complaints from Google, Microsoft, and Qualcomm shortly after the merger was announced.

The FTC is suing to block the largest semiconductor chip merger in history to prevent a chip conglomerate from stifling the innovation pipeline for next-generation technologies, said FTC Bureau of Competition director Holly Vedova in a statement. Tomorrows technologies depend on preserving todays competitive, cutting-edge chip markets. This proposed deal would distort Arms incentives in chip markets and allow the combined firm to unfairly undermine Nvidias rivals. The FTCs lawsuit should send a strong signal that we will act aggressively to protect our critical infrastructure markets from illegal vertical mergers that have far-reaching and damaging effects on future innovations.

The FTCs complaint notes that Nvidia already uses Arm-based products for several areas, including high-level advanced driver systems for vehicles, Arm-based CPUs for cloud computing, and DPU SmartNICs (networking products used in datacenters). The concern is that by acquiring Arm, Nvidia would gain an unfair advantage in those markets.

Additionally, the FTC raises concerns that Nvidia would gain access to sensitive information from Arm licensees who already compete with Nvidia, in addition to de-incentivizing Arm from working on new products and designs that would conflict with Nvidias own interests by benefiting competitors.

For its part, Nvidia has promised that it would keep Arms existing open licensing model, which sees the company provide semiconductor designs to a massive list of companies, including Apple, Qualcomm, Samsung, Amazon, and more. Nvidia CEO Jensen Huang wrote at the time in a Financial Times editorial that he could unequivocally state that Nvidia will maintain Arms open licensing model. We have no intention to throttle or deny Arms supply to any customer.

In a statement provided to The Verge, an Nvidia spokesperson stated that we will continue to work to demonstrate that this transaction will benefit the industry and promote competition. The company also reiterated its commitment to preserving Arms open licensing model and ensuring that its IP is available to all interested licensees, current and future, arguing that the merger would boost competition, [and] create more opportunities for all Arm licensees and expand the Arm ecosystem thanks to Nvidias added resources.

The FTC isnt the only regulator closely examining the $40 billion deal: the European Union opened a formal investigation into the deal in October, while the UKs Competition and Markets Authority started a more in-depth examination of potential national security risks and competition concerns last month.

Huang acknowledged back in August that the regulatory review would likely take longer than the companys originally estimated 18-month timeframe but told the Financial Times that [were] confident in the deal, were confident regulators should recognize the benefits of the acquisition. The original plan was for the merger to be completed by March 2022 (although Nvidias deal with Softbank gives it until the end of the year to clear things with regulators). But with the FTC now suing to block the deal, it seems that Nvidia and Arms list of hurdles has just gotten much longer.

Update December 2nd, 5:42pm: Added Nvidia statement.

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The FTC is suing to block Nvidias $40 billion purchase of Arm - The Verge

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BMW thinks its futuristic 75 mph electric scooter will corner the US market. Heres how – Electrek

Posted: at 5:18 am

When BMW first debuted its futuristic concept electric scooter last year, it looked like a lofty design experiment without much chance for a real future. But perhaps more shocking than the design was the fact that BMW actually followed through with it, putting the BMW CE 04 electric scooter into production.

Now the high-speed maxiscooter is heading to the US early next year, and BMW thinks it stands a good chance at cornering the American market.

Considering the current market landscape, that might actually be true.

First of all, there just arent very many competitors in the US electric scooter market yet, and even fewer in the maxiscooter market for large, high-powered, electric two-wheelers.

Chinese electric scooter giant NIU has done a great job at proliferating its electric scooters around the US, both for consumers and through rental companies like Revel and Lime.

But those smaller scooters are limited to speeds of up to 50 mph (80 km) for consumers and 30 mph (50 km/h) for rental fleets at least until NIUs 60 mph (100 km/h) MQi GT EVO arrives in the US next year.

When it comes to larger, faster electric scooters than can compete with the 75 mph (120 km/h) and 31 kW (42 hp) BMW CE 04, there just isnt much. BMW already paved the way with its C Evolution electric scooter, but the CE 04 raises the stakes with a long-awaited design refresh and a huge heaping of new tech.

From the giant 10.25-in TFT color screen to the advanced rider aides like Automatic Stability Control (ASC) and Dynamic Traction Control (DTC), the CE 04 is packed with interesting new tech.

Design features like the large enclosed helmet storage under the seat also help add to the scooters utility and list of advantages.

The scooters price may seem high at first, starting at $11,795 in the US. But compared to comparably specd electric two-wheelers, it actually falls in line with what little competition exists.

While still not an apples-to-apples comparison, the newly-unveiled Zero FXE might be the best comparison for now. I tested that similarly priced electric motorcycle and had a blast weaving it through Californias redwood forests, but even its new design and updated electronics cant compete with the utility and battery capacity of the BMW CE 04.

The BMW CE 04s 75 mph (120 km/h) speed might be just a couple klicks shy of the Zero FXEs, but its 8.9 kWh battery and range of up to 130 km (81 miles)puts the BMW over the top.

Charging advantages on the CE 04 also weigh in its favor. The built-in 2.3 kW charger offers a four-hour recharge, while an optional 6.9 kW quick charger upgrade is available to shorten that time to one hour and 40 minutes.

BMW claims that the quick charger can provide a 20% to 80% charge in just 45 minutes, which would allow nearly a full charge during a quick lunch stop.

BMWs CE 04 cant compete with the sportiness of the Zero, but it may win over utility-minded commuters that are likely to make up a large segment of the FXEs target market.

A decade ago, BMW would have faced a steeper uphill battle to win the acceptance of Americans with an electric scooter like the CE 04. But with a new wave of two-wheeler adoption spurred by shifting American transportation views and accelerated by the pandemics new world realities, combined with increasing exposure to the benefits of electric scooters from sharing services like Revel, Americans are becoming much more receptive to vehicles like the CE 04.

And at a fraction of the cost of a new electric car, it could prove to be the first electric vehicle for many riders hoping to wean themselves off of gasoline.

Vice President of BMW Motorrad of America Trudy Hardy certainly believes the CE 04 is ripe for success. I think whats interesting about having a scooter in this category is I think it will start to solve some transportation challenges, Hardy explained to TechCrunch. Its going to bring new people into the brand that might not have considered a motorcycle, but are going to find this to be a friendly solution.

But the true test will be how many riders open their wallets when the new electric scooters hit US dealerships early next year.

What do you think? Will BMW find success in the US with its CE 04 electric scooter? Lets hear your thoughts in the comment section below.

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Scientist Says That Humans Are Almost Certainly Going Extinct – Futurism

Posted: at 5:18 am

Humanity might "already be a dead species walking."Apocalypse When

Our days on Earth may be numbered.

In fact, by the end of this century, the global population could start its inevitable decline, paleontologist andNatureeditor Henry Gee argued in anew opinion piece for Scientific American and hes not shy about using the word extinction.

I suspect that the human population is set not just for shrinkage but collapse and soon, he wrote.

Gee points to lack of genetic variation, falling birth rates, pollution, and stress caused by living in overcrowded cities as a recipe for disaster.

The most insidious threat to humankind is something called extinction debt,' Gee explained. There comes a time in the progress of any species, even ones that seem to be thriving, when extinction will be inevitable, no matter what they might do to avert it.

The species most at risk are those that dominate particular habitat patches at the expense of others, who tend to migrate elsewhere, and are therefore spread more thinly, Gee posited. Humans occupy more or less the whole planet, and with our sequestration of a large wedge of the productivity of this planetwide habitat patch, we are dominant within it.

In other words, our actions will eventually catch up with us. That means humanity might already be a dead species walking, Gee argued.

To the researcher, our population is far more likely to collapse, not just shrink.

The signs are already there for those willing to see them, Gee wrote. The real question is How fast?'

READ MORE: Humans Are Doomed to Go Extinct [Scientific American]

More on extinction events: How to Talk to Your Family About Climate Change

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A Day Before the Bankruptcy Leak, Musk Quietly Hinted at Taking SpaceX Public – Futurism

Posted: at 5:18 am

So were doing this whole thing again, huh?

About two months ago, a Twitter user posted screenshots of a 2013 email SpaceX CEO Elon Musk sent to employees, in which he elaborated on why he wanted to keep SpaceX private.

Then, the day before yesterday, Musksuddenly replied to the months-old tweet, saying cryptically that a lot has happened in eight years perhaps a hint that the billionaire is making moves to go public with another major venture.

At least, thats one interpretation of Musks reply.

But has a lot changed? CNBC space reporter Michael Sheetz asked in reply. Or do you think that SpaceX as a whole still wont go public until Mars missions are happening, with only a possible Starlink IPO before then?

Musk stopped short, however, and has yet to respond to Sheetz. In March 2020, Musk also scoffed at the idea of SpaceX spinning off Starlink as a standalone public company.

Notably the CEOs tweet was sent just hours before SpaceExplored published a leaked email Musk sent to SpaceX employees, arguing that the company is in crisis and facing a genuine risk of bankruptcy.

Back in 2013, Musk was trying to reassure SpaceX employees by arguing that if you believe that SpaceX will execute better than the average public company, then our stock price will continue to appreciate at a rate greater than that of the stock market.

The CEO argued that public companies often go through extreme volatility, which if Musks electric car venture Tesla is anything to go by is a fair assessment.

If Musks comment does in fact mean hes considering going public with SpaceX, it could mean the space company is in for a rocky ride.

Over three years ago, Musk caused a massive uproar when he tweeted that he is considering taking Tesla private at $420 with funding secured, some eight years after the company went public in 2010.

What turned out to be an ill-advised weed joke landed him with a troublesome lawsuit from the Securities and Exchange Commission.

In his 2013 letter, Musk argued that Tesla and SolarCity were public because they didnt have a choice.

He also judged SpaceX to be worth around $4 billion at the time. Today, SpaceX is worth a whole lot more, hitting a valuation of $100 billion in October.

Then theres the fact that as a public company, SpaceX would have to face a full gauntlet of government bureaucracy and if recent trends are anything to go by, SpaceX prefers to move at a breakneck pace.

Has Musk learned his lesson since his fateful Tesla tweet? Considering he was tweeting about taking a dump just this week, investors will have to stay vigilant.

READ MORE: Elon Musk Replies to Tweet on SpaceX Staying Private With Lot Has Happened in 8 Years [Bloomberg]

More on Elon Musk: Elon Musk Tersely Addresses SpaceX Bankruptcy Leak

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