LG just announced record earnings for its first three months of the year, making 1.11 trillion won ($1.03 billion) in profit off 15.12 trillion won ($14.1 billion) in revenue — the highest first-quarter figures in company history. The standout performer was LG’s home entertainment division, which reported a 76.5-percent increase in operating profit year on year, largely driven by the sale of high-end OLED and “Super UHD” LED 4K TVs. LG says it's seeing “rapid growth” in the premium TV market.
A website accused of perpetrating over four million cyber-attacks across the globe, including attempts to crash banks in the UK, has been taken down in a major international investigation.
The operation, which involved the UK's National Crime Agency, blocked Webstresser.org, which allows criminals to buy attacks on businesses.
The website was used by a British suspect to launch attacks on high street banks last year, causing hundreds of thousands of pounds of damage.
On Tuesday, the music streaming platform announced it has redesigned its mobile app for non-paying Spotify users. It now features new tools previously only available to premium subscribers, such as new music discovery, personalization and low data mode. The move is part of an effort to attract more paying subscribers. Spotify said 60% of premium users began on the free service.
Facebook said it found and removed 1.9 million social-media posts by the Islamic State and al Qaeda terrorists during the first three months of 2018, using new anti-terror algorithms. “In Q1[first quarter] we took action on 1.9 million pieces of ISIS [Islamic State terror group, outlawed in Russia] and al-Qaeda content, about twice as much from the previous quarter,” Facebook said.
The European Commission will boost its investment in artificial intelligence by about 70 percent to 1.5 billion Euros ($1.83 billion) by 2020 to catch up with Asia and the United States, which are each investing at least three times more than Europe. Artificial intelligence promises to revolutionize sectors from healthcare to transport to agriculture and Europe is keen not to be left behind in the digital race.
The National Information Technology Development Agency (NITDA) has begun to organise workshops, capacity building and inter-agency collaborations to consolidate on nationwide cyber security awareness. The Director-General of the agency, Dr Isa Pantami, made this disclosure in a statement he signed on Saturday in Abuja in which he explained that the workshops and awareness programmes are part of the agency’s efforts to equip citizens with foundational knowledge to share best practices on staying safe in the cyberspace.