Operating Systems

macOS 10.13.4 Enables Support for External GPU (engadget.com) 53

With the latest release of macOS High Sierra, Apple has officially delivered on a couple of items in the works since WWDC 2017 last June. macOS 10.13.4 brings the external GPU (eGPU) support that lets developers, VR users gamers and anyone else in need of some extra oomph to plug in a more powerful graphics card via Thunderbolt 3. From a report: While that may not make every underpowered laptop VR ready, it certainly makes staying macOS-only more palatable for some power users. Another notable addition is Business Chat in Messages for users in the US. Twitter, Facebook, WhatsApp and others have tweaked their services to enable customer service linkups and now Apple has its version available on the desktop. With it, you can interact with business representatives or even make purchases. Other tweaks include waiting for the user to select login fields before autofilling password information in Safari, a smoke cloud wallpaper that had previously been restricted to the iMac Pro and a Safari shortcut for jumping to the rightmost tab by pressing Command-9. Further reading: Gizmodo.
Transportation

Tesla Issues Its Largest Recall Ever Voluntarily Over Faulty Model S Steering (theverge.com) 131

Tesla announced today that it is recalling 123,000 Model S vehicles around the world over a power steering issue. The company said via an email that it was a proactive move and none of the company's other vehicles are affected. The Verge reports: The automaker said 123,000 Model S vehicles built before April 2016 were affected. No injuries or crashes have been reported in connection with the problem. In the email, Tesla said it had, "observed excessive corrosion in the power steering bolts," but that the problem was most prevalent in colder climates where road salt is used. "If the bolts fail, the driver is still able to steer the car, but increased force is required due to loss or reduction of power assist," Tesla wrote in the email to customers. "This primarily makes the car harder to drive at low speeds and for parallel parking, but does not materially affect control at high speed, where only small steering wheel force is needed." Tesla said owners do not need to stop driving their cars if they haven't experienced any problems. The company said it would inform Model S owners when a retrofit, which is estimated to take an hour to install, is ready in their area.
Security

Boeing Hit By WannaCry Virus, Fears It Could Cripple Some Jet Production (seattletimes.com) 122

An anonymous reader quotes a report from The Seattle Times: Boeing was hit Wednesday by the WannaCry computer virus, raising fears within the company that it could cripple some vital airplane production equipment. Mike VanderWel, chief engineer at Boeing Commercial Airplane production engineering, sent out an alarming memo calling for "All hands on deck." "It is metastasizing rapidly out of North Charleston and I just heard 777 (automated spar assembly tools) may have gone down," VanderWel wrote, adding that he's concerned the virus will hit equipment used in functional tests of airplanes ready to roll out and potentially "spread to airplane software." Indicating widespread alarm within the company at the potential impact, VanderWel said the attack required "a battery-like response," a reference to the 787 in-flight battery fires in 2013 that grounded the world's fleet of Dreamliners and led to an extraordinary three-month-long engineering effort to find a fix.
Privacy

Ask Slashdot: Why Are There No True Dual-System Laptops Or Tablet Computers? 378

dryriver writes: This is not a question about dual-booting OSs -- having 2 or more different OSs installed on the same machine. Rather, imagine that I'm a business person or product engineer or management consultant with a Windows 10 laptop that has confidential client emails, word documents, financial spreadsheets, product CAD files or similar on it. Business stuff that needs to stay confidential per my employment contract or NDAs or any other agreement I may have signed. When I have to access the internet from an untrusted internet access point that somebody else controls -- free WiFi in a restaurant, cafe or airport lounge in a foreign country for example -- I do not want my main Win 10 OS, Intel/AMD laptop hardware or other software exposed to this untrusted internet connection at all. Rather, I want to use a 2nd and completely separate System On Chip or SOC inside my Laptop running Linux or Android to do my internet accessing. In other words, I want to be able to switch to a small 2nd standalone Android/Linux computer inside my Windows 10 laptop, so that I can do my emailing and internet browsing just about anywhere without any worries at all, because in that mode, only the small SOC hardware and its RAM is exposed to the internet, not any of the rest of my laptop or tablet. A hardware switch on the laptop casing would let me turn the 2nd SOC computer on when I need to use it, and it would take over the screen, trackpad and keyboard when used. But the SOC computer would have no physical connection at all to my main OS, BIOS, CPU, RAM, SSD, USB ports and so on. Does something like this exist at all (if so, I've never seen it...)? And if not, isn't this a major oversight? Wouldn't it be worth sticking a 200 Dollar Android or Linux SOC computer into a laptop computer if that enables you access internet anywhere, without any worries that your main OS and hardware can be compromised by 3rd parties while you do this?
AI

NVIDIA Unveils 2 Petaflop DGX-2 AI Supercomputer With 32GB Tesla V100, NVSwitch Tech 41

bigwophh writes from a report via HotHardware: NVIDIA CEO Jensen Huang took to the stage at GTC today to unveil a number of GPU-powered innovations for machine learning, including a new AI supercomputer and an updated version of the company's powerful Tesla V100 GPU that now sports a hefty 32GB of on-board HBM2 memory. A follow-on to last year's DGX-1 AI supercomputer, the new NVIDIA DGX-2 can be equipped with double the number of Tesla V100 processing modules for double the GPU horsepower. The DGX-2 can also have four times the available memory space, thanks to the updated Tesla V100's larger 32GB of memory. NVIDIA's new NVSwitch technology is a fully crossbar GPU interconnect fabric that allows NVIDIA's platform to scale to up to 16 GPUs and utilize their memory space contiguously, where the previous DGX-1 NVIDIA platform was limited to 8 total GPU complexes and associated memory. NVIDIA claims NVSwitch is five times faster than the fastest PCI Express switch and offers an aggregate 2.4TB per second of bandwidth. A new Quadro card was also announced. Called the Quadro GV100, it too is being powered by Volta. The Quadro GV100 packs 32GB of memory and supports NVIDIA's recently announced RTX real-time ray tracing technology.
Education

Apple Announces New $299 iPad With Pencil Support For Schools (theverge.com) 141

At its education event in Chicago today, Apple introduced a refreshed 9.7-inch iPad with Apple Pencil support. "The updated iPad will be available in Apple stores today, in silver, space gray, and a new gold finish," reports The Verge. "The tablet will include Touch ID, an HD FaceTime camera, 10 hours of battery life, an 8-megapixel rear camera, LTE option, and Apple's A10 Fusion chip." From the report: Apple previously lowered the price of its 9.7-inch iPad last year, with a base model starting at $329, but today it's going a step further for students. Apple is offering the new iPad to schools priced at $299 and to consumers for $329. The optional Apple Pencil will be priced at $89 for schools and the regular $99 price for consumers. This is obviously not the $259 budget iPad pricing that was rumored, but it does make it a little more affordable to students and teachers. This new iPad will be a key addition to Apple's lineup as it seeks to fight back against Google's Chromebooks. Apple's iPads and Mac laptops reigned supreme in U.S. classrooms only five years ago, accounting for half of all mobile devices shipped to schools in 2013. Apple has now slipped behind both Google and Microsoft in U.S. schools, and Chromebooks are dominating classrooms with nearly 60 percent of shipments in the U.S. Apple had some other non-hardware, education-themed announcements at its event today. "Apple demonstrated Smart Annotation, which allows teachers to mark up reports in Pages directly, and the company promised new versions of its iWork apps like Pages, Numbers, and Keynote that support the Apple Pencil," reports The Verge. "Teachers will also be able to use Macs to create digital books for their classrooms, and Apple is building a books creator into the Pages app." The company also announced a new augmented reality app called Froggipedia that lets students virtually dissect frogs using an Apple Pencil. The free iCloud offering for students has also been bumped up from 5GB to 200GB.
Businesses

Foxconn Announces Purchase of Belkin, Wemo, and Linksys (androidpolice.com) 80

Foxconn, the Taiwan-based company best-known for manufacturing Apple products announced that one of its subsidiaries (Foxconn Interconnect Technology) is purchasing U.S.-based Belkin for $866 million in cash. "Belkin owns a number of major brands, including Linksys and Wemo," notes Android Police. From the report: The buyout would make Foxconn a major player in consumer electronics, instead of just a contract manufacturing company. Belkin primarily sells phone/tablet accessories, but also manufactures networking equipment like routers and Wi-Fi range extenders. The company also sells a range of smart home products under the Wemo brand. According to The Financial Times, the purchase is subject to approval from the U.S. Committee on Foreign Investment. In other words, there is a very real chance the acquisition could be blocked. President Trump blocked Broadcom's acquisition of Qualcomm earlier this month, based on advice from the committee.
Data Storage

Wind and Solar Can Power Most of the United States, Says Study (theguardian.com) 417

An anonymous reader writes: The Guardian reports of a recent paper, published in the journal Energy and Environmental Science, that helps explain how wind and solar energy can power most of the United States: "The authors analyzed 36 years of hourly weather data (1980-2015) in the U.S. They calculated the available wind and solar power over this time period and also included the electrical demand in the U.S. and its variation throughout the year. With this information, the researchers considered two scenarios. In scenario 1, they imagined wind and solar installations that would be sufficient to supply 100% of the U.S. electrical needs. In the second scenario, the installations would be over-designed; capable of providing 150% of the total U.S. electrical need. But the authors recognize that just because a solar panel or a wind turbine can provide all our energy, it doesn't mean that will happen in reality. It goes back to the prior discussion that sometimes the wind just doesn't blow, and sometimes the sun isn't shining. With these two scenarios, the authors then considered different mixes of power, from all solar to all wind. They also included the effect of aggregation area, that is, what sized regions are used to generate power. Is your power coming from wind and solar in your neighborhood, your city, your state or your region?

The authors found that with 100% power capacity and no mechanism to store energy, a wind-heavy portfolio is best (about 75% wind, 25% solar) and using large aggregate regions is optimal. It is possible to supply about 75-80% of U.S. electrical needs. If the system were designed with excess capacity (the 150% case), the U.S. could meet about 90% of its needs with wind and solar power. The authors modified their study to allow up to 12 hours of US energy storage. They then found that the 100% capacity system fared even better (about 90% of the country's energy) and the optimal balance was now more solar (approximately 70% solar and 30% wind). For the over-capacity system, the authors found that virtually all the country's power needs could be met with wind, solar, and storage."

Graphics

Ask Slashdot: How Did Real-Time Ray Tracing Become Possible With Today's Technology? 145

dryriver writes: There are occasions where multiple big tech manufacturers all announce the exact same innovation at the same time -- e.g. 4K UHD TVs. Everybody in broadcasting and audiovisual content creation knew that 4K/8K UHD and high dynamic range (HDR) were coming years in advance, and that all the big TV and screen manufacturers were preparing 4K UHD HDR product lines because FHD was beginning to bore consumers. It came as no surprise when everybody had a 4K UHD product announcement and demo ready at the same time. Something very unusual happened this year at GDC 2018 however. Multiple graphics and GPU companies, like Microsoft, Nvidia, and AMD, as well as other game developers and game engine makers, all announced that real-time ray tracing is coming to their mass-market products, and by extension, to computer games, VR content and other realtime 3D applications.

Why is this odd? Because for many years any mention of 30+ FPS real-time ray tracing was thought to be utterly impossible with today's hardware technology. It was deemed far too computationally intensive for today's GPU technology and far too expensive for anything mass market. Gamers weren't screaming for the technology. Technologists didn't think it was doable at this point in time. Raster 3D graphics -- what we have in DirectX, OpenGL and game consoles today -- was very, very profitable and could easily have evolved further the way it has for another 7 to 8 years. And suddenly there it was: everybody announced at the same time that real-time ray tracing is not only technically possible, but also coming to your home gaming PC much sooner than anybody thought. Working tech demos were shown. What happened? How did real-time ray tracing, which only a few 3D graphics nerds and researchers in the field talked about until recently, suddenly become so technically possible, economically feasible, and so guaranteed-to-be-profitable that everybody announced this year that they are doing it?
Android

Google Starts Blocking 'Uncertified' Android Devices From Logging In (arstechnica.com) 179

Google logins on unlicensed devices will now fail at setup, and a warning message will pop up stating "Device is not certified by Google," reports Ars Technica. "This warning screen has appeared on and off in the past during a test phase, but XDA (and user reports) indicate it is now headed for a wider rollout." From the report: While the basic operating system code contained in the Android Open Source Project is free and open source, Google's apps that run on top of Android (like the Play Store, Gmail, Google Maps, etc.) and many others are not free. Google licenses these apps to device makers under a number of terms designed to give Google control over how the OS is used. Google's collection of default Android apps must all be bundled together, there are placement and default service requirements, and devices must pass an ever-growing list of compatibility requirements to ensure app compatibility. Android distributions that don't pass Google's compatibility requirements aren't allowed to be called "Android" (which is a registered trademark of Google), so they are Android forks. The most high-profile example of an Android fork is Amazon's Kindle Fire line of products, but most devices that ship in China (where Google doesn't do much business) fall under the umbrella of an "Android fork," too.

While Google's Android apps are only properly available as a pre-loaded app (or through the pre-loaded Play Store), they are openly distributed on forums, custom ROM sites, third-party app stores, and other places online. When a non-compatible device seller (or a user) loads these on a device, they can potentially trigger Google's new message at login. The message pops up when you try to log in to Google's services, which usually happens during the device setup. Users who purchased the device are warned that "the device manufacturer has preloaded Google apps and services without certification from Google," and users aren't given many options other than to complain to the manufacturer. At this point, logging in to Google services is blocked, and non-tech-savvy users will have to live without the Google apps. Users of custom Android ROMs -- which wipe out the stock software and load a modified version of Android -- will start seeing this message, too.

Google

Google Unveils Acer's Chromebook Tab 10 Ahead of Apple's Education-Focused Event Tomorrow (cnet.com) 41

An anonymous reader shares a report: Maybe Acer knows what Apple is up to tomorrow, maybe not. Regardless the information and communication tech company announced today the world's first Chrome OS tablet made for the education market, the Chromebook Tab 10. Designed for use in K-12 classrooms, the 9.7-inch tablet could potentially add to Google's Chromebook lead in the US education market and take some of the wind out of Apple's education-focused press conference on March 27. [...] Acer's new tablet, which will sell for $329 in April, is built around a 2048x1536-resolution IPS touchscreen with 264 pixels per inch. A durable Wacom EMR stylus comes standard and stores in the tablet's chassis that's only 0.39-inch thick (9.98 mm). Running on a Rockchip OP1 processor, 4GB of memory and 32GB of storage, the Tab 10 fully supports Google Play giving schools access to educational Android apps.
Hardware

AnandTech Reviews Samsung's Exynos 9810 SoC (and Galaxy S9) (anandtech.com) 43

The Galaxy S9 and S9+, the flagship smartphones from the South Korean electronics manufacturer Samsung are powered by company's homegrown Exynos 9810 SoC (in most markets) or Qualcomm's Snapdragon 845 SoC. In its review of Samsung Galaxy S9, AnandTech comments on the differences it observed on the S9 model powered by Samsung's own SoC and the variant with Qualcomm's processor. From the review: Finally, the biggest story for the Galaxy S9 is its big contrast in terms of SoC hardware. Ever since we first heard about the Exynos 9810 we had very large expectations and we knew there would be some tangible differences between Exynos and Snapdragon variants. The expectations couldn't be more shattered than the results we got. While the Snapdragon 845 variant of the Galaxy S9 performed largely as advertised and as we had been told to expect by Qualcomm, the Exynos 9810 failed to live up to its hype in real-world scenarios. Effectively, the Exynos 9810 variant and as evidenced by all the data we collected, is the slower variant of the two. The root cause here has been identified as the extremely conservative scheduler and DVFS mechanisms which essentially nullify any advantage the new M3 cores have in synthetic benchmarks.

In 3D benchmarks, the Exynos 9810 posted very healthy efficiency improvements and even sometimes managed to catch up to last year's Adreno 540 -- something I hadn't expected. Qualcomm's new Adreno 630 raises the bar in terms of peak performance, however the promises of increased efficiency have not materialised in the commercial hardware as the performance boost comes at a cost of increased power. Effectively, when looking at sustained workloads, the Snapdragon 845 isn't any faster than the Snapdragon 835 in its GPU department. Fortunately for Qualcomm, they're still in the lead and this is not a deal-breaker for the Galaxy S9. While the performance advantage of the Snapdragon 845 variant over the Exynos 9810 variant is something we could live with, the battery life results of the Exynos is definitely a deal-breaker.

Iphone

State Department Seemingly Buys $15,000 iPhone Cracking Tech GrayKey (vice.com) 79

An anonymous reader quotes a report from Motherboard: Grayshift, a company that offers to unlock modern iPhones for as little as $50 each, has caused a buzz across law enforcement agencies, with local police already putting down cash for the much sought-after tech. Now, it appears a section of the U.S. State Department has also purchased the iPhone cracking tool, judging by procurement records reviewed by Motherboard. Grayshift's iPhone product, dubbed GrayKey, can unlock devices running versions of Apple's latest mobile operating system iOS 11, according to marketing material obtained by Forbes. An online version of GrayKey which allows 300 unlocks costs $15,000 (which boils down to $50 per device), and an offline capability with unlimited uses is $30,000. According to a recent post from cybersecurity firm Malwarebytes, which obtained leaked details on GrayKey, the product itself is a small, four inch by four inch box, and two iPhones can be connected at once via lightning cables. Malwarebytes adds that the time it takes to unlock a device varies depending on the strength of the user's passcode: it may be hours or days. Notably, Grayshift includes an ex-Apple engineer on its staff, Forbes reported.

On March 6, the State Department ordered an item from Grayshift for just over $15,000, according to a purchase order listing available on the U.S. government's public federal procurement data system. The listing is sparse on details, putting the order under the generic label of "computer and computer peripheral equipment." But Motherboard confirmed that the Grayshift in the State Department listing is the same as the one selling iPhone cracking tech: the phone number of the vendor in both the purchase order and documents Motherboard previously obtained detailing a GrayKey purchase by Indiana State Police is the same. The "funding office" for the Grayshift purchase was the Bureau of Diplomatic Security, according to the procurement records. The Bureau acts as the law enforcement and security arm of the State Department, bearing "the core responsibility for providing a safe environment for the conduct of U.S. foreign policy," the State Department website reads.

Wireless Networking

Raspberry Pi 3 Model B+ Benchmarks Show Significantly Improved Performance (phoronix.com) 85

fstack writes: Pi Day was marked this year by the launch of the Raspberry Pi 3 Model B+ as the next evolution to this $35 ARM single-board computer. Phoronix has now put out Raspberry Pi 3 B+ benchmarks showing that the Ethernet performance is indeed much faster now but still doesn't stack up to other high performance boards, the SoC temperature is noticeably lower than the very warm Raspberry Pi 3, and the overall performance is a nice upgrade while retaining the same price point as its predecessors. Follow up tests looking at the Wi-Fi performance also show the new 802.11ac dual-band wireless to be much faster as well.
Data Storage

Sex Workers Say Porn On Google Drive Is Suddenly Disappearing (vice.com) 356

An anonymous reader quotes a report from Motherboard: Porn performer Avey Moon was trying to send the lucky winner of her Chaturbate contest his prize -- one of her videos, titled "POV Blowjob" -- through her Google Drive account. But it wouldn't send, and Google wasn't telling her why. "I thought there was something wrong with my file and I got rather worried," Moon told me in a Twitter message. "I had promised this guy his content and he was so good to me. I was panicked because I thought if I couldn't give him his prize, he would feel like he got ripped off and never come back again or worse, he could actually file a complaint with Chaturbate about me and they can take money from me." She's not alone. Six porn performers I talked to and more on social media said that they suddenly can't download adult content they keep on Google Drive. They also said they can't a share that content with other accounts or send to clients. In some cases, the adult content is disappearing from Drive without warning or explanation. The porn performers I talked to started sounding the alarm on Twitter last week. They said that Google Drive no longer seemed sex-trade friendly, detailing error messages and sharing cloud storage alternatives with each other.

When I asked about sexual content being blocked on Drive, a spokesperson for Google directed me to the Drive policy page -- specifically the section on sexually explicit material, which says, "Do not publish sexually explicit or pornographic images or videos.... Additionally, we do not allow content that drives traffic to commercial pornography." Writing about porn and sex is permitted, the policy states, as long as it's not accompanied by sexually explicit images or videos. According to Google, Drive uses a combination of automated systems and manual review to decide what's in violation.
One worker said they've been using Google Drive for most of the last five and a half years but just recently received an error message when sending a video, saying that the item may violate Google's Terms of Service, with a link to request a review. In this case, the video title was explicit, but other adult performers report similar messages when sending content with non-explicit titles. "Some sex workers are wondering if this has something to do with the impending vote on the SESTA-FOSTA bill," reports Motherboard. We now have learned that the Senate has passed the bill.
Encryption

Justice Department Revives Push To Mandate a Way To Unlock Phones (nytimes.com) 171

"FBI and Justice Department officials have been quietly meeting with security researchers who have been working on approaches to provide such 'extraordinary access' to encrypted devices," reports The New York Times (alternative source), citing people familiar with the matter. Justice Department officials believe that these "mechanisms allowing access to the data" exist without weakening the devices' security against hacking. Slashdot reader schwit1 shares the report: Against that backdrop, law enforcement officials have revived talks inside the executive branch over whether to ask Congress to enact legislation mandating the access mechanisms. The Trump White House circulated a memo last month among security and economic agencies outlining ways to think about solving the problem, officials said. The FBI has been agitating for versions of such a mandate since 2010, complaining that the spreading use of encryption is eroding investigators' ability to carry out wiretap orders and search warrants -- a problem it calls "going dark." The issue repeatedly flared without resolution under the Obama administration, peaking in 2016, when the government tried to force Apple to help it break into the iPhone of one of the attackers in the terrorist assault in San Bernardino, Calif. The debate receded when the Trump administration took office, but in recent months top officials like Rod J. Rosenstein, the deputy attorney general, and Christopher A. Wray, the FBI director, have begun talking publicly about the "going dark" problem. The National Security Council and the Justice Department declined to comment about the internal deliberations. The people familiar with the talks spoke on the condition of anonymity, cautioning that they were at a preliminary stage and that no request for legislation was imminent. But the renewed push is certain to be met with resistance.
Google

Waymo CEO Expresses Confidence Its Cars Wouldn't Have Killed Elaine Herzberg (washingtonpost.com) 141

theodp writes: Nearly a week after an autonomous Uber SUV claimed the first life in testing of self-driving vehicles, The Washington Post reports that Waymo CEO John Krafcik says he is confident its cars would have performed differently under the circumstances (Warning: source may be paywalled; alternative source), since they are intensively programmed to avoid such calamities. "I can say with some confidence that in situations like that one with pedestrians -- in this case a pedestrian with a bicycle -- we have a lot of confidence that our technology would be robust and would be able to handle situations like that," Krafcik said Saturday when asked if a Waymo car would have reacted differently than the self-driving Uber.

In explaining its since-settled lawsuit against Uber last year, Google charged that Uber was "using key parts of Waymo's self-driving technology," and added it was "seeking an injunction to stop the misappropriation of our designs." In announcing the settlement of the lawsuit last month, Uber CEO Dara Khosrowshahi noted, "we are taking steps with Waymo to ensure our LIDAR and software represents just our good work." A Google spokesperson added, "We have reached an agreement with Uber that we believe will protect Waymo's intellectual property now and into the future. We are committed to working with Uber to make sure that each company develops its own technology. This includes an agreement to ensure that any Waymo confidential information is not being incorporated in Uber Advanced Technologies Group hardware and software." All of which might prompt some to ask: was Elaine Herzberg collateral damage in Google and Uber's IP war?
"I want to be really respectful of Elaine [Herzberg], the woman who lost her life and her family," Krafcik continued. "I also want to recognize the fact that there are many different investigations going on now regarding what happened in Tempe on Sunday." His assessment, he said, was "based on our knowledge of what we've seen so far with the accident and our own knowledge of the robustness that we've designed into our systems."
Earth

World Cities Go Dark For 'Earth Hour' Climate Campaign (afp.com) 141

An anonymous reader quotes the AFP: Earth Hour, which started in Australia in 2007, is being observed by millions of supporters in 187 countries, who are turning off their lights at 8.30pm local time in what organisers describe as the world's "largest grassroots movement for climate change"... In Paris, the Eiffel Tower plunged into darkness as President Emmanuel Macron urged people to join in and "show you are willing to join the fight for nature". "The time for denial is long past. We are losing not only our battle against climate change, but also our battle against the collapse of biodiversity," he said on Twitter. Moscow's Red Square also fell dark and the Russian section of the International Space Station dipped its lights, the Ria Novisti news agency said... UN Secretary-General Antonio Guterres said the event "comes at a time of huge pressure on people and planet alike. Resources and ecosystems across the world are under assault. Earth hour is an opportunity to show our resolve to change."
Other landmarks "going dark" include the Empire State Building in New York and the Sydney Opera House, as well as the harbour skylines of Hong Kong and Singapore.
Cloud

Dropbox IPOs. Its Founders Are Now Billionaires (cnbc.com) 69

Yesterday Dropbox finally launched its stock on NASDAQ. Reuters reports: Dropbox Inc's shares closed at $28.42, up more than 35 percent in their first day of trading on Friday, as investors rushed to buy into the biggest technology initial public offering in more than a year even as the wider sector languished... At the stock's opening price, Dropbox had a market valuation of $12.67 billion, well above the $10 billion valuation it had in its last private funding round... It has yet to turn a profit, which is common for startups that invest heavily in growth. As a public company Dropbox will be under pressure to quickly trim its losses. The 11-year old company reported revenue of $1.11 billion in 2017, up from $844.8 million a year earlier. Its net loss nearly halved from $210.2 million in 2016.
CNBC reports that Y Combinator almost passed on a chance to invest in Dropbox -- which became its first IPO ever -- "because it had misgivings about bringing on a solo entrepreneur." After Drew Houston, the creator of Dropbox, scrambled to find a co-founder in time for his in-person interview, the company was admitted into YC in 2007. Four years later, venture capitalists poured money into Dropbox at a $4 billion valuation. YC has since become a power player in Silicon Valley, helping spawn numerous companies valued at over $1 billion today including Stripe, Airbnb, Instacart and Coinbase. It also backed Twitch, which Amazon acquired in 2014 for about $970 million, and the self-driving tech start-up Cruise, which GM bought in 2016 for over $1 billion. But in its 13-year history, YC had yet to see any of its companies go public until Dropbox's stock market debut on Friday...

Houston is now worth over $3 billion and co-founder Arash Ferdowsi owns shares valued at more than $1 billion.

Dropbox's Twitter feed posted a video from their NASDAQ debut, adding "We're so thankful for the 500 million registered users who helped us get here."
Education

Apple To Unveil a Cheaper iPad Next Week At Its Educational Event 78

Apple is holding an education-focused event on Tuesday where it's expected to launch a "low-cost iPad" alongside new education software. The goal is to win back students and teachers who have adopted similar products/services from rivals Google and Microsoft. Bloomberg reports: In its first major product event of the year, Apple will return to its roots in the education market. The event on Tuesday at Lane Technical College Prep High School in Chicago will mark the first time Apple has held a product launch geared toward education since 2012 when it unveiled a tool for designing e-books for the iPad. It's also a rare occasion for an Apple confab outside its home state of California. In Chicago, the world's most-valuable technology company plans to show off a new version of its cheapest iPad that should appeal to the education market, said people familiar with the matter. The company will also showcase new software for the classroom, said the people, who asked not to be identified discussing private plans. Apple declined to comment.

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