CISA issues alert with South Korean government about DPRK’s ransomware antics

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The tactics of North Korean-sponsored ransomware cyberattacks against the healthcare sector and other vital infrastructure are highlighted in the latest #StopRansomware alert.

CISA and other federal agencies were joined by the National Intelligence Service (NIS) and the Defense Security Agency of the Republic of Korea (ROK) in releasing the latest cybersecurity advisory in the US government’s ongoing #StopRansomware effort. This alert highlights continuous state-sponsored ransomware activities by the Democratic People’s Republic of Korea (DPRK) against organizations in the US healthcare sector and other vital infrastructure sectors. The agencies have reason to believe cryptocurrency ransom payments from such operations support DPRK’s “national-level priorities and objectives”.

“North Korea’s cyber program poses a growing espionage, theft, and attack threat,” the Annual Threat Assessment report in 2021 said. “North Korea has conducted cyber theft against financial institutions and cryptocurrency exchanges worldwide, potentially stealing hundreds of millions of dollars, probably to fund government priorities, such as its nuclear and missile programs.”

DPRK has a lengthening history of conducting ransomware attacks against organizations in both US and South Korean territories, some of which have become “mainstream” to fund their other cybercrime activities. Who can forget WannaCry in 2017, for example, the strain that attacked unpatched Windows systems that remained vulnerable against EternalBlue? The US and UK had recognized that North Korea, via the Lazarus Group, a nation-state advanced persistent threat (APT) group, was responsible for unleashing WannaCry to the world.

Then there’s Magniber ransomware, a strain distributed by the Magnitude exploit kit (EK) in late 2017. Magniber only targets systems located in South Korea, an attribute unique only to itself. This makes Magniber the first ransomware to home in on a single country.

In the last few years, two new ransomware strains from DPRK have surfaced: Maui and H0lyGh0st.

Andariel (aka Silent Chollima and Stonefly), the APT group believed to be behind Maui ransomware campaigns, has been attacking Healthcare and Public Health (HPH) Sector organizations since May 2021. Once it arrives on target networks, it encrypts servers responsible for record-keeping, diagnosing, imaging services, and others. As a result, Maui attack victims experience severe disruption for prolonged periods.

H0lyGh0st, like other current ransomware gangs, favors double-extortion tactics, maintains a leak site, and targets small and medium-sized enterprises (SMEs). Microsoft believed it has ties with PLUTONIUM, another North Korean APT, as the H0lyGh0st gang uses tools PLUTONIUM created. While it is financially motivated, it hides behind the “quest” to “close the gap between the rich and poor.”

DPRK ransomware has significantly altered the face of ransomware, tuning it up from a simple locker and then making it more disruptive, lucrative, and, in some cases, destructive. And it’s just one of the countries that allegedly profit from ransomware attacks to finance their agenda with no care for the real victims: the people directly affected by systems shutting down on them, stopping them from serving those who need attention and care the most.

When Conti ransomware hit Ireland’s Health Service Executive (HSE) in May 2021, everyone was caught off-guard, including the doctor we interviewed just days after the attack. He described how they were instructed not to touch the computers, the uncertainty that hung over them, and how he had to break the bad news to patients who had been waiting for surgery since 7:00 am that day to go home.

“I have to tell patients, sorry I can’t operate on you,” he recalled. “You’ve been fasting, you came a long distance, you rescheduled things to make time for me, maybe you have had to come off work. After all this I have to say sorry, I can’t see you.”

“I’m dealing with patients’ lives here. It’s not something you can take lightly. You either do it right or you do it wrong, and if you do it wrong you’re harming somebody.”

How to avoid ransomware

There is no doubt hospitals remain under a bullseye, and attackers can strike at any time. Thankfully, there are ways organizations can help reduce their risk of suffering from a ransomware attack.

  • Have an incident response (IR) plan. Organizations should accept the fact that a cyberattack is likely to affect them at some point, whether they’re the direct victim or part of a supply chain. An IR plan can direct your responders on what to do in the event of a cybersecurity attack. This should include restoring from backups, client outreach, and reporting to law enforcement among others.
  • Educate your staff. Awareness goes a long way, and everyone in the company has a responsibility to keep the organization’s network safe. Staff should be taught social engineering tactics and red flags of a system attack, so they can alert the right personnel quickly should an attack occur.
  • Patch as soon as you can. Many threat actors get into networks by exploiting unpatched vulnerabilities. Have a patching plan in place to ensure that your organization’s network is protected against the latest and most exploited weaknesses.
  • Backup your files. Backups have saved a lot of organizations after a ransomware attack—provided they work. When you make a plan, ensure you also have provisions for backup testing.
  • Get an EDR solution. Malwarebytes Endpoint Detection and Response offers built-in ransomware protection, 72-hour ransomware rollback, and zero-day ransomware protection. Try it here.
  • Learn more. If you want to read more about protecting your business from ransomware, take a look at our Ransomware Emergency Kit.

Stay safe!


We don’t just report on threats—we remove them

Cybersecurity risks should never spread beyond a headline. Keep threats off your devices by downloading Malwarebytes today.


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Best Android Smartphone Deals – February 2023

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Despite the best smartphone deals being in the holiday season, you can still get some great deals right now. From Samsung to Motorola, to Google and everyone in between. Now is a really great time to pick up a new Android smartphone.

There are a ton of new smartphones on the market this year, mostly from Samsung, but other OEMs have also released quite a few. So there are a ton of great deals, even now, that would make great gifts this holiday season. Smartphones make for a really great gift this holiday season, as they can be quite expensive to replace, and getting one as a gift is always nice. And guaranteed to put a smile on someone’s face.

Best Android Smartphone Deals

Yes, we are still quite a ways away from Christmas, and that’s typically when we see the biggest discounts for things like smartphones. But there are still quite a few great deals that you can get today. And if you need a new phone, you need it now, not when Christmas rolls around. So that’s why we have rounded up the very best smartphones here.

While you can sometimes get cheaper discounts at your carriers, it’s always a good idea to get an unlocked smartphone. This means you can take your phone to any carrier – even an MVNO. Which is going to allow you to save money each month. You could get an unlocked smartphone, take it over to Straight Talk and save a ton of money on your bill over Verizon.

Below, you’ll see a list of all of the Android smartphone deals available now. This list is going to be continuously updated too, so you can rest assured that you are getting the latest prices, and the best deals. These include smartphones from Google, Samsung, Motorola, OnePlus, and many other OEMs.


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Elon Musk allegedly considers buying Manchester United, for real this time

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Elon Musk is quite the character. He not only owns Tesla and SpaceX, amongst other things, but he also acquired Twitter last year. Now, a new report claims that Elon Musk is considering buying Manchester United as well.

Elon Musk may end up buying Manchester United, for real this time

The Daily Mail reports that “sources” claim this to be true. Elon Musk is allegedly monitoring the situation surrounding Manchester United, and is contemplating whether this is his chance to take control of a famous football (for those of you in the US, soccer) club.

Several parties from Saudi Arabia seem to be interested, and Elon Musk may be as well. He is a fan of Manchester United, and may find this offer too good to refuse. The Glazers are seemingly holding out for a £6 billion bid, but some are valuing the club at around £4.5 billion.

Manchester United is Elon Musk’s boyhood club, and he said that if he were to buy any team, it would be Manchester United. If this story sounds somewhat familiar, there’s a good reason for it.

This is not the first time Elon Musk mentioned buying Manchester United. Back in August last year, Musk tweeted out “I’m buying Manchester United ur welcome”. Needless to say, that tweet went viral, but it ended up being a joke following unrest over at the club.

Musk still didn’t comment on these rumors

Elon Musk still didn’t comment on these rumors regarding the buyout, at least at the time of writing this article. Musk already has a lot on his plate, needless to say, so chances are this is not happening, solely based on that.

Who knows, though. Elon Musk is… as I said, quite the character. It wouldn’t be all that shocking if we went for it, that’s for sure. Let’s see what happens in the coming days. The soft deadline for offers has been set for this Friday.


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Here’s why Apple’s second-largest business unit will continue to grow regardless of iPhone sales

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Apple has put itself in a position that will allow it to generate tens of billions of dollars each year in Services revenue even if it doesn’t approach peak iPhone sales ever again. That was the main goal behind Apple’s plan to double Services revenue from $25 billion to $50 billion by the fiscal year 2020. The plan was hatched after iPhone sales peaked in 2015 and Apple not only hit the $50 billion target by Q4 of fiscal 2020, it has continued to put up strong numbers in the Services segment. For fiscal year 2022, Apple’s Services unit took in $78.13 billion, a 14.2% increase from fiscal year 2021.

Apple reported a 6.4% year-over-year increase in Services revenue for the fiscal first quarter of 2023

Last week, Apple reported its results for the fiscal first quarter of 2023 and the Services unit was (along with a strong showing for the iPad) one of the few to show growth in the top line year-over-year. The unit took in $20.77 billion for the quarter, up 6.4% from the $19.52 billion that Apple collected during the same quarter in 2021. The Services division includes Apple Pay, iCloud, Apple Care, Apple Card, Apple Wallet, and more.

But the most important part of the Services business are the apps that generate recurring subscription revenue. These apps include Apple Music, Apple TV+, Apple News+, Apple Fitness+, Apple One, and Apple Arcade. Because these are subscription-based offerings with monthly fees, these services become a reliable source of sales for Apple regardless of how many iPhone units it sold in a given year.

As noted by TechCrunch, Apple last week announced that it has 935 million paid subscriptions throughout its Services segment. It also said that it had double-digit revenue growth from App Store subscriptions during the quarter which ran from October through December.
Apple blamed the hike on the rising cost of licensing music. At the time, the company released the following statement: “”The change to Apple Music is due to an increase in licensing costs, and in turn, artists and songwriters will earn more for the streaming of their music. We also continue to add innovative features that make Apple Music the world’s best listening experience.”

Apple also jacked up the monthly price of an individual Apple TV+ subscription from $4.99 to $6.99 per month. Apple did have an explanation for the 40% price increase as it blamed the rising price of content for the increased cost of the service.

Apple has two billion active devices including 1.5 billion iPhone units

The price changes also affected the Apple One bundle packages. The individual plan consisting of Apple Music, Apple TV+, Apple Arcade, and 50GB of iCloud+ storage received a price hike of $2 a month to $16.95. The Family plan which includes Apple Music, Apple TV+, Apple Arcade, and 200GB of iCloud+ storage was hiked $3 monthly to $22.95. The Premier Apple One bundle subscription package was priced $3 per month higher to $32.95.

These price hikes might not be good for users but they are good for investors who are now conditioned on seeing a nice percentage increase in Services revenue each quarter. Apple doesn’t break down its Services segment by category but it did say that record revenue was achieved in both payments and cloud services during the fiscal first quarter of 2023.

 

Also helping to drive Services revenue higher, Apple announced last week that it now has 2 billion active devices. Approximately 1.5 billion of these devices are iPhone units. As long as this number continues to rise, and Apple hikes the pricing for its Services offerings from time-to-time, you can expect Apple’s second-largest business unit to continue to generate higher revenue each year. And that is likely to occur regardless of the global economic environment.


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The Best robot vacuum & mop combo

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iRobot has been making robot vacuums and robots in general for many years now. iRobot, after all, was founded way back in 1990. So it’s not new to this. But it is new to making a combo robot vacuum, that is also able to mop. One of the hinderances for iRobot, the company says, is that they didn’t want the wet and dirty mop going across your carpet, getting it wet and dirty. Now some competitors have made robot vacuums that are able to pick up the mop. But iRobot has gone a step further here, and lifts the mop completely up and places it on top of the robot vacuum.

So now, how well does this robot vacuum perform in the real world? Is it worth spending $1,099 on? Let’s find out in our full review.

iRobot Roomba Combo j7+: Design

The design of the Roomba Combo j7+ isn’t really that different from the Roomba j7+ which we reviewed a few months ago. The main difference here is the backside of the robot vacuum. There’s now space on the backside of the top of the robot vacuum for the mop and its arms to raise and lower it. Additionally, the dustbin is also a water tank now. So it feels heavier and larger. But it holds roughly the same amount of dirt and debris as the regular j7+ did.

On the front of the Combo j7+, we have the camera which is used for obstacle avoidance, as well as a light above it. This is here to help with obstacle avoidance as well, particularly in darker areas. Think of under the bed, or furniture, or in a room where the light isn’t on. The light does actually help it quite a bit, compared to older Roombas and even older robot vacuums. It’s also a feature we’re seeing on more robot vacuums.

Like the j7+, the Roomba Combo j7+ does not have a LiDAR arrow sticking up on top of the vacuum. This means that the top is flat, and it has a lower clearance, allowing it to make its way under more furniture in your home.

On the bottom, it has the front spinning brush available (iRobot does include a spare), as well as two rubber rolling brushes. These are actually really great. And we’ll talk more about those in the performance section actually.

Then there’s the dock. It’s actually a really good looking dock. It’s pretty low, unlike the s9’s dock from iRobot. It does look very modern, so it should fit into most people’s living room. It does come with a dirt bag pre-installed, as well as a second one included in the box.

Overall, the design is quite nice, and not a big change from the regular j7+. Which should come as no surprise, since the vacuum is based off of the j7+.

iRobot Roomba Combo j7+: Cleaning and Performance

Now, to the important part. How well does the Roomba Combo j7+ clean and perform? Quite well actually.

As some background, I live in a townhouse, and have a dog as well. So with the Roomba Combo j7+ I was using multiple floorplans as well as it needing to deal with dog hair. And it performed really well. When it comes to navigation, it does it pretty well, doesn’t really miss a spot, which is always good to see. It is a bit odd that it doesn’t go around the perimeter of the room and then run up and down to clean the room though.

irobot roomba combo j7 plus review AM AH 06

The two rubber brushes on the Roomba Combo j7+ work really well. They have yet to get tangled, or cause any problems. And I’ve run this vacuum probably close to 20 times so far. So that’s good to see. Having two brushes there helps to get up all of the stubborn dirt and debris too.

Now let’s talk about mopping. Watching the mop go around the vacuum to start mopping is pretty cool. But how well does it clean the floors? Well, I don’t have a lot of space that is not carpeted here in my townhouse, so it didn’t get as much use as it should. But in the kitchen, it mopped pretty well. iRobot does give you options in the app to control the waterflow. And there’s also cleaning solution included in the box. Something that a lot of robot mops can’t even use, never mind include in the box.

Overall, the performance is quite good. It cleans very well, it’s also super quite and can get back to the dock without many issues. I’ve tested a handful of robot vacuums since moving, and some have trouble getting back to the dock. But the Roomba Combo j7+ has not had a single issue, I’m happy to report.

iRobot Roomba Combo j7+: Maintenance

On a robot vacuum with an auto-empty dustbin, the maintenance is pretty minimal. Since receiving this unit, roughly 3 weeks ago, the only thing I had to do was untangle a dryer sheet that the vacuum had picked up (I have no idea where it was picked up from, though). Hair, dirt, and other debris were not an issue for the Roomba Combo j7+.

There was also one time where the vacuum did not fully empty the dustbin upon docking itself. So I had it empty again and it was fully emptied this time. All in all, maintenance is super easy here. The only real thing you’ll need to do on a weekly basis (depending on your home and schedule) is filling the water tank. Because, unfortunately the dock does not do that, nor does it clean the mop.

iRobot Roomba Combo j7+: App

The iRobot app is super easy to use and understand. Which kind of answers the question as to why Roomba’s are so popular. Now I do wish that you had more options available here for things like the level of suction, and on a per-room basis. However, you can choose to have it do your whole house once or twice, and you can also set up multiple floorplans.

As someone that lives in a townhouse, I do have multiple floorplans available on the Roomba Combo j7+. The only hassle is, I actually need to move it between floors. But otherwise it can immediately recognize which floor it is on.

Within the app, you can also help the Roomba Combo j7+ clean smarter. As it will learn each time it cleans the floors in your home.

Should you buy the iRobot Roomba Combo j7+?

On the surface, the Roomba Combo j7+ is basically the Roomba j7+ but with a mop now. So it doesn’t seem like it would be all that impressive, but it truly is. Honestly, for only $200 more than the j7+, you’re getting a 2-in-1 robot vacuum that can clean every room in your home. And mop it. Sure the price is pretty steep, but it will save you a ton of time in cleaning your home.

irobot roomba combo j7 plus review AM AH 10

You should but the iRobot Roomba Combo j7+ if

  • You have a pet, thanks to the improved object avoidance and suction power, it’s no match for dogs and cats.
  • You want full automation in terms of cleaning your home.
  • You have a mix of carpet, hardwood, laminate and concrete (basement) floors.

You shouldn’t buy the iRobot Roomba Combo j7+ if

  • You don’t have many rooms that are not carpet.
  • You don’t believe a robot can mop your floors well enough.

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Apple WebKit Zero-Day Vulnerability Exploited

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Apple WebKit Zero-Day Vulnerability

As a result of a new zero-day vulnerability found in Apple products that can be exploited in hacking attacks, Apple has recently released an emergency security update. Here below we have mentioned the devices that are vulnerable:-

This discovered vulnerability has been identified as CVE-2023-23529, and the vulnerability is categorized as a WebKit confusion issue, which may lead to the exploitation of compromised devices by triggering operating system crashes and gaining code execution. 

Exploitation of Vulnerability

The vulnerability is zero-day, meaning it has not been previously identified or publicly disclosed. The CVE-2023-23529 vulnerability is particularly concerning due to its potential to cause significant damage to compromised devices. 

If exploited, the vulnerability could enable an attacker to execute arbitrary code on the device, resulting in unauthorized access and the potential loss of sensitive data.

The exploitation of this vulnerability occurs when a user opens a malicious web page, which triggers the execution of arbitrary code. It has also been found that the vulnerability affects Safari 16.3.1 on macOS Big Sur and Monterey.

Affected Devices

It is believed that this vulnerability has been actively exploited, and Apple is aware of such a report. The CVE-2023-23529 was addressed by Apple by improving the checks in the following areas:-

  • iOS 16.3.1
  • iPadOS 16.3.1
  • macOS Ventura 13.2.1

Since the bug affects both older and newer models, so, the list of devices that are affected is quite extensive, and here below we have mentioned a few of them:-

  • iPhone 8 and later
  • iPad Pro (all models)
  • iPad Air 3rd gen and later
  • iPad 5th gen and later
  • iPad mini 5th gen and later
  • Macs running macOS Ventura

Apple also recently announced that they have fixed a kernel use after a free vulnerability that is tracked as CVE-2023-23514, in their latest security update. This flaw was reported by two security researchers, Xinru Chi of Pangu Lab and Ned Williamson of Google Project Zero.

A potential impact of this flaw would be the implementation of arbitrary code on a Mac or iPhone with kernel privileges.

Apple’s First zero-day Patch of the Year

Despite the company’s acknowledgment of the existence of in-the-wild exploitation reports, it has refrained from releasing any information related to these attacks. The company has not disclosed any details regarding the type of exploitation, and the extent of damage caused.

Apple’s decision to limit access to information regarding the zero-day vulnerability is likely a measure taken to provide as many users as possible with the opportunity to update their devices before cyber attackers can exploit the security flaw.

The company’s actions reflect a commitment to maintaining a high level of security and privacy for its users.

Although the zero-day vulnerability may have only been utilized in specific targeted attacks, it is strongly recommended that users install the emergency updates as soon as possible to prevent any potential future attempts.

Network Security Checklist – Download Free E-Book


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Defense Electronics Manufacturer CPI Succumbs To Ransomware Demands

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Ransomware is industry-agnostic. The motivations for cyber-criminals to pursue organizations and ransom their data is typically for the money. The days of spies physically infiltrating an organization to steal trade secrets are likely gone. Insider threats and cyber-attacks are more viable paths to complete nefarious deeds.

In mid-January, electronics manufacturer Communications & Power Industries (CPI) was victimized by having its data encrypted and held ransom. Founded in 1995, CPI is a global manufacturer of electronic components and subsystems focused primarily on communications and defense markets. The 2,000-person company formed out of Varian Associates and claims to be the largest U.S. manufacturer of electron devices. Some of its customers include the US Department of Defense and the DoD’s DARPA.

See Related: The Cost Of An Enterprise Ransomware Attack

The company had its systems knocked offline by the attack. Hackers requested the company pay $500,000 in exchange for the decryption key. A third-party forensic investigation firm was hired by CPI to investigate the cyber-attack. The origin of the attack appears to have been a phishing attack. According to a source speaking with TechCrunch, thousands of computers on the network were on the same, unsegmented domain. As a result, the ransomware quickly spread to every CPI office, including its on-site backups.

“The root cause appears to be a domain administrator clicking on the malicious link,” said Lawrence Livermore National Laboratory Senior Cyber Analyst Lee Neely. “Controlled use of administrative privileges, including running with the lowest level of privilege is CIS Control 4. Network segmentation, particularly for older operating systems such as XP, is key to not only restrict lateral movement but also mitigate shortfalls in legacy system security.”

See Related: Phishing Attacks Work Because… Humans

CPI chose to pay the ransom and is currently assessing data loss from the attack. At the end of February, a source described the situation as having been able to restore about one-quarter of computers to operational duty. Federal agencies generally advise against making ransom payments as there is no guarantee that the tools necessary to decrypt data will work (assuming that they are even sent). Some states are even considering legislation that would ban organizations from making ransom payments.

At RSA Conference 2020, the FBI presented its cyber-crime findings for how much victims paid in ransom payments. Between October 2013 and November 2019, the FBI identified more than $144 mn in bitcoin payments to ransomware actors. This figure was purely ransom payouts and is not the total cost associated with ransomware.

See Related: See All Incident Of The Week Content


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Xiaomi 13 Lite coming with ‘Dynamic Island’ vibes, kind of

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According to a new report, the Xiaomi 13 Lite may be a rebranded Xiaomi Civi 2. That device actually has a pill-shaped camera cutout on the front. So, the Xiaomi 13 Lite may have those ‘Dynamic Island’ vibes once it launches, to a degree.

The Xiaomi 13 Lite will launch with ‘Dynamic Island’ vibes

Just to be clear, this doesn’t mean it will actually have the functionality of Apple’s Dynamic Island, not at all. This pill-shaped camera cutout is likely simply there for the cameras, not any added functionality around it. Though you can always add it via a third-party app.

However, it is worth noting that a report surfaced back in September, claiming that Xiaomi and Realme are considering Dynamic Island-type feature. So, who knows, Xiaomi may end up surprising us.

Having said that, the Xiaomi 13 Lite unboxing surfaced online (shown below), which is where all this information is coming from. Based on the design of the unboxed product, it will be a rebranded Xiaomi Civi 2 which has already launched in China. This is not surprising, not at all.

The device will include a 120Hz display, 67W charging & more

The phone is expected to feature a 6.55-inch fullHD+ AMOLED display with a 120Hz refresh rate. The Snapdragon 7 Gen 1 will seemingly fuel the device, Qualcomm’s mid-range processor.

A 4,500mAh battery will power the phone, while 67W wired charging will be included too. You will find an in-display fingerprint scanner on this phone as well, an optical one.

A 50-megapixel main camera (Sony’s IMX766 sensor) will be backed by a 20-megapixel ultrawide camera, and a 2-megapixel macro camera. On the front, two 32-megapixel cameras will sit, one of which will be an ultrawide one.

The Xiaomi 13 Lite is expected to launch alongside the Xiaomi 13 and 13 Pro. Those two phones launched in China already, but not globally. They will launch globally on February 26, Xiaomi confirmed.


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ByteDance’s PICO to battle Meta for dominance in the VR industry

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Meta dominates the XR headset industry, but they are getting serious competition from PICO, a ByteDance-owned company. This VR headset company has made some impressive advancements in recent years. These advancements show that they are preparing themselves for fierce competition with Meta in the VR industry.

In recent months, PICO has grown in popularity for a few reasons. The company is also getting more recognition in the VR headset industry. PICO has become ByteDance’s tool to help them secure a solid place in the industry Meta once dominated.

Already, the Chinese company has found itself a sweet spot in the VR headset industry. They are now a top competitor in an industry where Meta reigns supreme.

What you need to know about ByteDance’s PICO company

PICO came into existence back in 2015 and was then purchased by ByteDance in 2021. After the purchase, PICO started gaining more international recognition and moved to launch a groundbreaking VR headset. The PICO 4 VR headsets were unlike anything the company had previously launched.

It came with a new design that is lighter and more stylish than the company’s previous generation VR headset. The specifications and features of this headset took the VR community by surprise. Ever since their launch, the PICO 4 VR headsets have come to be great sellers in Asia and Europe where they retail.

This VR headset is a worthy competitor for the Meta Quest Pro since it offers great features. But the PICO 4 VR outshine the Quest Pro by being more affordable whilst offering similar specifications. The Meta Quest Pro does offer better memory and also features an upgraded Qualcomm XR2+ processor.

The PICO 4 VR headset on its part comes with the Qualcomm XR2 processor but still retails for more than half of the Quest Pro’s price. Their affordability is making them a top choice for those wanting to experience the world of VR. This has raised the ByteDance-owned company to second place in the VR global market.

Both Meta and ByteDance’s PICO continue to invest heavily in their product to help them get better. PICO also went through some rebranding last year before the launch of its most recent VR headset. The tussle for dominance between Meta and PICO in the VR industry will help foster development on both sides in the coming years.


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Musk claims to have saved Twitter from bankruptcy and red ink

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Still one of the richest men in the world, Twitter CEO Elon Musk is now claiming that his $44 billion purchase of Twitter was a timely one as it saved the social media company from bankruptcy. Replying to a tweet from The Wall Street Journal, Musk wrote, “Last 3 months were extremely tough, as had to save Twitter from bankruptcy while fulfilling essential Tesla & SpaceX duties. Wouldn’t wish that pain on anyone. Twitter still has challenges but is now trending to breakeven if we keep at it. Public support is much appreciated!”
Whether this is just a self-serving missive designed to pump up his accomplishments at Twitter or a legitimate fact isn’t clear. But the multi-billionaire might be feeling his oats after a jury in California found him “not liable” for losses that Tesla stockholders suffered after he disseminated a tweet saying that he was considering taking Tesla private at $420 a share and had “funding secured.”
In reality, funding was not secured. The tweet was originally posted in 2018 and sent Tesla stock up 11% to $387.46 before crashing to $263.24 a month later when it became obvious that the funding was not secured.
Since buying Twitter, things have gone anything but smoothly for Musk. He changed his mind several times about his plan to sell verification check marks on the platform and even mentioned that filing for bankruptcy was an option for Twitter that he was considering. However, Musk said in a subsequent tweet that Twitter’s daily user count and user minutes are “still strong.”

Despite the talk of bankruptcy, Twitter was able to make the first interest payment on the $12.5 billion of debt that Musk borrowed to complete the purchase of Twitter. Being able to make the payment on time probably gave Musk the confidence to tweet his claim. Personally, though, Musk has been going through some tough times. Last year, he became the first person to have the dubious honor of losing $200 billion in wealth during a single year. Over the past year, Tesla’s shares have declined by 37% accounting for most of the evaporation of his wealth.


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