On Wednesday, mega Dutch investor Prosus announced that it has acquired Stack Overflow, for approximately US$1.8 billion. Stack Overflow, one of the 50 most popular websites in the world, has been a life saviour for many techies for a long time now. For programmers especially, the website had all essential troubleshoots and other solutions readymade to solve even enterprise level problems. For more than 13 years, Stack Overflow has served millions of users across the world. There is a new question asked on Stack Overflow every 14 seconds, and developers and technologists visiting the platform have been helped 50+ billion times since its inception in 2008. Stack Overflow for Teams and their extensive community content have become a necessity to enterprises, having a meaningful impact on their product and technology development.
According to Prosus, over 85% of its learning-focused community visit the platform every week to access more than 52 million questions and answers. Prosus wants to help accelerate Stack Overflow’s growth ambitions and position the company at the center of product and technology development within major enterprises globally.
Chipmakers @ Computex
At the ongoing COMPUTEX virtual event at Taipei, the chipmakers Intel and NVIDIA made a couple of major announcements. Established in 1981, COMPUTEX TAIPEI (also called COMPUTEX) is one of the top global events on cutting edge technologies. NVIDIA announced the upgraded version of the base command platform, ideal for large-scale, multi-user, multi-team development. The platform comes with MLOPs APIs, Jupyter Notebook, TensorBoard and other features like scheduling, data catalogue, reporting and dashboard, and accelerates the prototype-to-production lifecycle. NVIDIA also announced that AWS and Google Cloud will integrate base command platforms with Cloud GPU instances.
NVIDIA said the technology inside DGX is now ready for the mainstream. Meaning, the company is looking to offer low power, smaller forms of GPUs at a lower cost for enterprises. “We are lowering the barrier to entry so that companies can experience this system and equipment,” said NVIDIA. The company had unveiled the NVIDIA DGX SuperPOD last year, a cloud-native, multi-tenant AI supercomputer. There are a couple of other key announcements from NVIDIA. Check our full coverage here.
Whereas, at Computex 2021, Intel introduced two additions to 11th Gen Intel Core processors. The chip giant also introduced Intel 5G Solution 5000, its first 5G product for the next generation PCs. “We know real-world performance and connectivity are vital to our partners and the people who rely on PCs every day, so we’re continuing that momentum with more platform capabilities and choice in the market with the launch of our first 5G product for PCs: the Intel 5G Solution 5000,” said Chris Walker, Intel’s Corporate VP.
Toyota “Ventures” Into More Startups
Toyota AI Ventures, which was setup In 2017, will now be rebranded as Toyota Ventures. THe company has announced that it will pump an additional $150 million to the Toyota Ventures Frontier Fund for early-stage frontier technology investments. SInce 2017, Toyota AI has invested in artificial intelligence, robotics, mobility, autonomy, and cloud technologies from two funds totalling $205 million. These previous investments will now fall under the Toyota Ventures Frontier Fund, bringing its total to $355M. “With the new Frontier fund, we’ll also make investments in smart cities, digital health, fintech, energy and materials. We think these areas will continue to see disruptive innovation,” said Toyota in the press release.
IBM Strikes A $300m Deal With The UK
On Thursday, IBM announced that it has signed a multi-million dollar, multi-year deal with the government of the UK. This partnership aims to support UK businesses and the public sector by exploring artificial intelligence (AI) and quantum computing, and by advancing the pace at which businesses can take advantage of new digital technologies. The company said that an additional 60 new scientists, interns and students will join IBM Research and the Hartree Centre, within the UK Research and Innovation’s Science and Technology Facilities Council (STFC) to establish a joint STFC – IBM programme called the Hartree National Centre for Digital Innovation (HNCDI), which will apply AI, high performance computing and data analytics, quantum computing and cloud technologies to accelerate discovery and develop innovative solutions to industry challenges including materials development, life sciences, environmental sustainability and manufacturing.
US To Tighten Screws On Ransomware Attacks
This week the hackers decided to pick a new victim–the meat industry. Just weeks after cornering Colonial pipeline, one of the largest operators on the US East Coast, the hackers attacked the world’s largest meat producer by sales—JBS. The attack led to fluctuation in meat prices and disrupted delivery of livestock. The attacks have become relentless in 2021 and are targeting the heart of supply chains that disrupt global markets. As a result, the U.S. Department of Justice has decided to give these ransomware attacks a similar priority as terrorism, according to Reuters. In an interview with WSJ, FBI Director Christopher Wray said the agency was investigating about 100 different types of ransomware, many tracing back to hackers in Russia, and compared the current spate of cyberattacks with the challenge posed by the 9/11 terrorist attacks in the US. The White House thinks that these attacks originate from Russia and President Biden is planning to bring this up with Russian President Vladimir Putin in Geneva on June 16.
In other cybersecurity news, SentinelOne, a cybersecurity startup that uses AI to thwart cyber-attacks has filed for an IPO on the New York Stock Exchange. This comes at a time of growing cyber-security attacks and an updated stance of the government.
Apple’s WWDC Event To Start Next Week
Apple’s annual developer extravaganza, the Worldwide Developers Conference (WWDC), is coming up fast, kicking off with the keynote presentation on June 7th at 1PM ET. Like last year, WWDC will be an entirely digital and online-only event due to the COVID-19 pandemic, and for the keynote, that means we can likely expect another tightly produced video highlighting everything Apple has in store.
While we aren’t expecting any announcements on the level of Apple’s shift to custom silicon in its computers, which was WWDC 2020’s big news, Apple presumably has some notable changes in the works for iOS, iPadOS, macOS, and its other operating systems. And if the current rumors pan out, we could also see brand-new MacBook Pros with the return of some long-missed features, such as MagSafe charging.
Stay tuned to Analytics India Magazine for more updates from WWDC21.