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Intel's fortunes have declined so rapidly over the past year that chip designer ARM made a "high level inquiry" about buying its crown jewel product unit, Bloomberg reported. However, Intel said the division wasn't for sale and turned down the offer, according to an unnamed insider. There are two main units inside Intel, the product group that sells PC, server and networking chips and a chip manufacturing foundry. ARM had no interest in Intel's foundry division, according to Bloomberg's sources. ARM and Intel representatives declined to comment. Intel's fortunes have been on the wane for years, but the decline over the last 12 months has been especially dramatic. Following a net $1.6 billion loss in Q2 2024, the company announced that it was laying off 15,000 employees as part of a $10 billion cost reduction plan. Last week, the company also revealed plans to transform its ailing foundry business into an independent subsidiary. Intel lost half its market value last year and is now worth $102.3 billion. ARM sells its processor designs to Qualcomm, Apple and other manufacturers (mostly for mobile phones) but doesn't build any chips itself. Purchasing Intel's product division would completely transform its business model, though that scenario seems highly improbable. With Intel wounded at the moment, rivals have been circling. Qualcomm also expressed interest in taking over Intel recently, according to a report from last week. Any mergers related to ARM and Qualcomm would be regulatory nightmares, but the fact that the offers exist at all shows Intel's vulnerability. Intel has other avenues to boost investment. Apollo Global Management (the owner of Yahoo and Engadget) has offered to invest as much as $5 billion in the company, according to a recent Bloomberg report. Intel also plans to sell part of its stake in chip-maker Altera to private equity investors. This article originally appeared on Engadget at https://www.engadget.com/computing/intel-reportedly-rebuffed-an-offer-from-arm-to-buy-its-product-unit-120044228.html?src=rss
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The Federal Communications Commission (FCC) has officially issued its full recommended fine against political consultant Steve Kramer. This is after he initiated a series of robocalls to New Hampshire residents with pre-recorded audio of President Bidens voice, using deepfake AI technology. The fake Biden told voters not to vote in the upcoming primary, saying Your vote makes a difference in November, not this Tuesday. Kramer must pay $6 million in fines in the next 30 days or the Department of Justice will handle collection, according to a FCC statement. Kramer doesnt just face a fine; he also has criminal charges against him. New Hampshire Attorney General John M. Formella announced that hell face multiple counts of voter suppression and impersonation of a political candidate. It wasnt a hugely difficult process, either. Kramer hired New Orleans magician (an actual magician) Paul Carpenter to make the phony recordings. Carpenter showed NBC News how he made the deepfake audio files using ElevenLabs. He said it only took around 20 minutes. Mat Smith The biggest stories you might have missed X suspends journalist Ken Klippenstein after he published JD Vance dossier New California law will force companies to admit you dont own digital content PlayStation 5 Pro preview: I dont need it, but I want it Samsungs Galaxy Tab S10 Ultra is built for AI Its incredibly thin, once again. Engadget In a surprise short-notice (and short!) event yesterday, Samsung unveiled new additions to its portfolio of devices, including the Galaxy S24 FE and the Galaxy Watch FE LTE. The highlight had to be the new Galaxy Tab S10 Ultra tablet. With the Tab S10 series, the company is adding to its flagship S24 phones features like Circle to Search and Sketch to Image. Those features that work with the S Pen on the S24 Ultra, like Handwriting Assist and Note Assist, are here too. While software is the main draw this year, the Tab S10 Ultra has a 120Hz 14.6-inch screen with an anti-reflective finish and a MediaTek Dimensity 9300+ processor, instead of the usual Qualcomm chip. The Galaxy Tab S10 Ultra will be available starting at $1,200 for the 256GB model pre-orders are open now and the tablet will launch October 3. Continue reading. The best budget wireless earbuds under $100 Cheap picks for noise canceling, workouts and more. Its now very possible to find a clean-sounding, richly featured pair for well under $100, but there are, unsurprisingly, a lot of bad earbuds too. Weve pulled in the best buds, including some that even manage to pack in noise cancellation. Expect capable buds from Anker, Jlab and even Amazon. Continue reading.This article originally appeared on Engadget at https://www.engadget.com/general/the-morning-after-a-6-million-fine-for-robocalls-from-fake-biden-111601788.html?src=rss
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The Irish Data Protection Commission (DPC) has slapped Meta with a $101.5 million (91 million) fine after wrapping up an investigation into a security breach in 2019, wherein the company mistakenly stored users' passwords in plain text. Meta's original announcement only talked about how it found some user passwords stored in plain text on its servers in January that year. But a month later, it updated its announcement to reveal that millions of Instagram passwords were also stored in easily readable format. While Meta didn't say how many accounts were affected, a senior employee told Krebs on Security back then that the incident involved up to 600 million passwords. Some of the passwords had been stored in easily readable format in the company's servers since 2012. They were also reportedly searchable by over 20,000 Facebook employees, though the DPC has clarified in its decision that they were at least not made available to external parties. The DPC found that Meta violated several GDPR rules related to the breach. It determined that the company failed to "notify the DPC of a personal data breach concerning storage of user passwords in plaintext" without undue delay and failed to "document personal data breaches concerning the storage of user passwords in plaintext." It also said that Meta violated the GDPR by not using appropriate technical measures to ensure the security of users' passwords against unauthorized processing. "It is widely accepted that user passwords should not be stored in plaintext, considering the risks of abuse that arise from persons accessing such data. It must be borne in mind, that the passwords the subject of consideration in this case, are particularly sensitive, as they would enable access to users social media accounts," DPC's Deputy Commissioner, Graham Doyle, said in a statement. The DPC has also given the company a reprimand in addition to the penalty. We may know more about what that means for Meta exactly when the commission publishes its full final decision and other related information in the future.This article originally appeared on Engadget at https://www.engadget.com/big-tech/meta-fined-102-million-for-storing-passwords-in-plain-text-110049679.html?src=rss
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