Tag: Early

Sony Has an Early Mindshare Lead on Microsoft in the Next-Gen Console Wars

While it’s still very early, Sony’s  (SNE) – Get Report PlayStation 5 is generating more enthusiasm among gamers right now than Microsoft’s  (MSFT) – Get Report Xbox Series X and S.

On Wednesday, Sony announced that the PS5 will launch in the U.S., Japan and several other markets on Nov. 12, and will be available elsewhere on Nov. 19. The company also revealed that the standard PS5 will retail for $499, while a “Digital Edition” that lacks an optical drive but is otherwise equally powerful will sell for $399.

The announcements arrived a week after Microsoft disclosed that its flagship next-gen console, the Xbox Series X, would sell for $499, and that the Xbox Series S — a sibling that lacks an optical drive, has a less powerful GPU and contains less RAM and storage — would sell for $299. Both consoles were promised to be

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Small Tech Stocks Soar as the Future Arrives Early

Fastly is up more than 310 percent this year. Zscaler is up over 180 percent. Chegg and Veeva are up 75 percent and 90 percent. In a tech universe dominated by Apple, Amazon, Microsoft and Google, the share prices of little companies you’ve probably never heard of are soaring.

The coronavirus pandemic has accelerated trends that were building for years by forcing large swaths of the population to work from home and shop online. And many obscure companies are taking off, driven by investors who expect them to flourish in an economy whose future arrived ahead of schedule.

“When it comes to remote work in particular, the past 10 weeks have seen more changes than we’ve seen in the previous 20 years,” said Erik Brynjolfsson, an economist and the director of the Digital Economy Lab at Stanford University.

Surveys conducted by Mr. Brynjolfsson and economists at the Massachusetts Institute of

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Atlassian launches Atlassian Ventures to fund early stage startups

  • On Wednesday, Atlassian launched a $50 million fund called Atlassian Ventures. 
  • Atlassian will invest in early-stage developer startups and companies in its partner program, with an eye towards work collaboration startups. 
  • Atlassian says this benefits startups (especially during the coronavirus pandemic) while also helping Atlassian grow its marketplace and integrations.
  • Visit Business Insider’s homepage for more stories.

Atlassian is launching a $50 million venture fund to help fund early-stage developer and collaboration startups during this ‘tough environment’

Atlassian is launching a new corporate venture arm to help early-stage developer startups grow, even in the midst of the coronavirus pandemic. 

On Wednesday Atlassian announced a $50 million fund called Atlassian Ventures which will focus on investing in early-stage developer startups and Atlassian partners that are scaling their businesses or creating new work apps. In some cases, the new fund will partner with traditional venture capital firms, though it will also make

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Did our early ancestors boil their food in hot springs?

Did our early ancestors boil their food in hot springs?
The proximity of hot springs to early settlements have led researchers to wonder if early humans used hot springs as a cooking resource long before fire. Credit: Tom Björklund

Some of the oldest remains of early human ancestors have been unearthed in Olduvai Gorge, a rift valley setting in northern Tanzania where anthropologists have discovered fossils of hominids that existed 1.8 million years ago. The region has preserved many fossils and stone tools, indicating that early humans settled and hunted there.

Now a team led by researchers at MIT and the University of Alcalá in Spain has discovered evidence that hot springs may have existed in Olduvai Gorge around that time, near early human archaeological sites. The proximity of these hydrothermal features raises the possibility that early humans could have used hot springs as a cooking resource, for instance to boil fresh kills, long before humans are thought to have

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Apple Watch Powers Three New Health Studies Focused on Asthma, Heart Failure, and Early Detection of COVID-19

During its “Time Flies” event today, Apple announced that it is launching three new health research studies to learn how health metrics from the Apple Watch can help manage conditions that affect the heart and lungs.

First, to study how to better manage and control asthma using physiological signals from the Apple Watch, Apple said it is collaborating with pulmonary experts at the University of California, Irvine and health insurance provider Anthem.

Second, Apple said it is partnering with the University Health Network and the University of Toronto in Canada to learn more about how Apple Watch metrics including blood oxygen can be used to manage heart failure.

Third, Apple is partnering with investigators at the Seattle Flu Study and faculty at the University of Washington’s School of Medicine to explore how changes in blood oxygen and heart rate can be early signals of the onset of influenza and COVID-19.

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Dow erases early climb, S&P 500 notches third straight gain as tech stocks extend rebound from last week’s rout

U.S. stocks finished mostly higher on Tuesday as the blue-chip Dow shed early gains ahead of a policy update by the Federal Reserve. The Nasdaq led the broader market rally as technology shares continued to make up lost ground from last week’s selloff.

The Dow Jones Industrial Average

 rose 2.27 points to finish at 27,995.60, while the S&P 500

 gained 17.66 points, or 0.5%, to trade at 3,401.20, marking its third straight increase. The Nasdaq Composite

 finished up 133.67 points, or 1.2%, at 11,190.32, logging back-to-back gains.

On Monday, the Dow rose 327.69 points, or 1.2%, to finish at 27,993.33, after briefly trading above the 28,000 threshold. The S&P 500 added 42.57 points, or 1.3%, closing at 3,383.54. The Nasdaq Composite climbed 203.11 points, or 1.7%, to end at 11,056.65, rebounding from a rout that last week saw the tech-heavy index enter correction territory

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Inside the real reasons behind Mike Corbat’s early retirement

  • On Thursday, Citigroup announced its CEO, Michael Corbat, would retire effective February 2021. 
  • The move caught Wall Street by surprise, as many believed Corbat, 60, still had a few more years at the helm. 
  • Corbat’s departure came after it became clear regulators were losing patience with his inability to fix risk, compliance and technology systems, according to people familiar with the matter.
  • Business Insider spoke to seven current and former Citi employees, all of whom requested to speak anonymously to describe private conversations, about the lead up to Corbat’s early retirement.
  • Authorities at the Office of the Comptroller of the Currency and the Federal Reserve are now preparing to punish Citigroup for failing to fix its control systems, The Wall Street Journal reported Monday.
  • Visit Business Insider’s homepage for more stories.

When Citigroup’s press release hit the wire at 8:30 am last Thursday, it caught all of Wall Street off

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Astra’s first attempt to reach orbit ends early after rocket fails mid-flight

The first orbital mission for rocket launch startup Astra ended without its Rocket 3.1 reaching orbit. The rocket successfully lifted off from the Pacific Spaceport Complex in Alaska at about 11:19PM ET Friday, but the company said its guidance system “introduced some slight oscillation into the flight,” which caused the rocket to drift from its planned trajectory. The flight safety system shut down the engines, and the rocket fell back to the ground. It wasn’t carrying any payloads.

A spectator caught the launch on video, showing the rocket’s ascent. In the footage, the rocket’s engine shuts off mid-flight and a few moments later, you can see flames as the rocket hits the ground.

The company’s stated objective with this flight was to have a nominal first stage burn, which apparently didn’t quite happen since that’s when the engine shutdown occurred. But Astra wasn’t planning to reach orbit with this launch.

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Twitter announced expanded policies aimed at combatting misleading information about elections, including calling a result too early

Separately, Google said Thursday it is adding its own precautions ahead of the election, including for any candidate prematurely declaring victory.

Twitter’s expanded policies come as social media, more than ever, has become the central electoral information battlefield, as the coronavirus pandemic has drastically limited traditional rallies and door-to-door campaigning. The tech companies have heeded the advice of experts who predict that the election result may not be settled quickly in part because of mail-in ballots this year, leading to potential confusion about who wins.

Trump has more than 85 million Twitter followers, and the company has previously flagged misleading claims from the president, including the assertion that mail-in ballots are fraudulent.

Twitter said the policies would go into effect Thursday and would extend to whenever the election results are officially called. In some cases, the company will remove a tweet entirely. In others, it will add more labels to

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UPDATE 1-S.Korea export decline slows in early Sept, helped by Huawei chip stockpiling

(Writes through and adds analyst comment)

SEOUL, Sept 11 (Reuters) – Robust chip sales and improved demand from major trading partners have slowed the pace of decline in South Korean exports which edged just 0.2% lower in the first 10 days of September.

That compares with a 23.7% drop in the Aug. 1-10 period. Imports, however, dropped 7.6%.

Korea Customs Service data showed outbound shipments of semiconductors, the nation’s top export item, surged 43.2% during Sept. 1-10 from the the same period a year earlier, while car exports rose 8.4%.

Analysts have attributed the jump in chip exports to stockpiling by Chinese telecom giant Huawei Technologies ahead of U.S. sanctions which kick in on Sept. 15, noting improved earnings prospects for South Korean chipmakers Samsung Electronics and SK Hynix.

Taiwan’s exports have also jumped, climbing 8.3% in August, as Huawei rushed to get in orders.

Greg Roh, head of research

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