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An anonymous reader quotes CNN Money: Amazon CEO Jeff Bezos, the newly minted richest person in the world, just sold more than $1 billion worth of his stock. The sale was made public in a filing posted Friday. In total, Bezos let go of one million shares for $1,097,803,365. Exactly how Bezos plans to spend those Benjamins wasn't clear. But it isn't unprecedented for him to sell such a large chunk. In May, he sold more than a million shares. A similar sale was executed in August 2016.

Even after his most recent sell off, Bezos still personally owns about a 16% of Amazon, which he founded in 1994. Bezos's large ownership stake helped vault him past Microsoft co-founder Bill Gates as the richest person in the world, according to the Bloomberg Billionaire's Index... One possible destination for the cash Bezos just freed up is his commercial space company, Blue Origin. Earlier this year, Bezos told reporters at a space symposium that he sells about $1 billion per year worth of Amazon stock to fund the company, according to Reuters... Last month, Blue Origin Chief Executive Officer Bob Smith said he expects the first manned flight to take place by April 2019.
One Silicon Valley newspaper calls it the biggest stock sale ever.

phalse phace writes: During CBS's Thursday evenings conference call for their 3rd quarter earnings, CEO Leslie Moonves revealed that CBS was planning to reboot the classic fantasy science-fiction television series "The Twilight Zone." According to the Hollywood Reporter, "the show hails from Jordan Peele's Monkeypaw banner, with Marco Ramirez set to pen the script and serve as showrunner." This wouldn't be the first time CBS has brought the show back. "The network revived the series in the 1980s that ran for three seasons and again in 2002 for a season on UPN with host Forest Whitaker. The franchise has also been licensed to a new stage play set to premiere in December at the Almeida Theatre in London and run through January. The original series won three Emmys during its 156-episode run and explored topics including humanity's hopes, despairs, prides and prejudices."

phalse phace writes: Bloomberg news is reporting that Broadcom may be planning to make an offer to buy Qualcomm. From the report: "Broadcom Ltd. is considering a bid of more than $100 billion for Qualcomm Inc., according to people familiar with the matter, in what would be the biggest-ever takeover of a chipmaker. Broadcom is speaking to advisers about the potential deal, said the people, who asked not to be identified because talks are private. The offer of about $70 a share would include cash and stock and is likely to be made in the coming days, the people said." If the deal goes through, Broadcom would become "the world's third largest chipmaker behind Intel Corp. and Samsung Electronics Co. and give it a huge swath of the supply chain of vital phone components such as Wi-Fi and cellular modem chips. The two companies are already among the top ten providers of chips ranked by revenue in an industry that's consolidating rapidly."

An anonymous reader quotes a report from Ars Technica: The nascent market for electric cars will suffer a big setback if the Republican tax plan released on Thursday enters into law. Among the changes to the current tax code would be an end to the Plug-In Electric Drive Vehicle Credit. That's the tax incentive that currently means up to $7,500 back from the IRS when you purchase a new battery or plug-in hybrid electric vehicle. Since the start of 2010, the EV tax credit has been $2,500 for a plug-in vehicle with at least 5kWh battery capacity. Every extra kWh nets another $417 up to a maximum of $7,500, although you would need at least that amount in income tax liability -- the IRS won't cut you a check to make up the full amount. It was never meant to be permanent; once an automaker sells 200,000 qualifying vehicles (starting from January 1, 2010) its eligibility is phased out over a matter of months. But in the almost seven years since, no one has reached that limit yet. Tesla will almost certainly be first, with General Motors not far behind; between them, they've sold a lot of Model Ses and Chevrolet Volts. If this tax plan is enacted, it will surely mean pain for both companies, as well as anyone else hoping to sell a lot of EVs here in the U.S. The data is pretty clear -- tax incentives sell electric cars, and the market for EVs can dry up very fast when they're abolished, as Georgia's recent experience shows.

Benjamin Mullin, writing for WSJ: After investing in digital verticals focused on business and politics and acquiring an online-video startup, CNN is gearing up for another big step: It plans to launch tiered subscription offerings for its digital news business (Editor's note: the link could be paywalled; alternative source) as early as the second quarter of next year. A proposed premium offering will give subscribers access to special content on topic-specific verticals such as CNN Money and CNN Politics, built around network personalities. A second option will provide additional, though less specialized, content across all of CNN's sites. Pricing hasn't been finalized. The move is part of a broader five-year plan to develop new revenue streams and reach $1 billion in digital revenue by 2022. CNN's digital arm expects to pull in $370 million this year, according to a person familiar with its financials.

schwit1 writes: NASA has issued a request for proposals from private companies or organizations to take over the operation of the Spitzer Space Telescope after 2019. SpaceNews reports: "NASA's current plans call for operating Spitzer through March of 2019 to perform preparatory observations for the James Webb Space Telescope. That schedule was based on plans for a fall 2018 launch of JWST, which has since been delayed to the spring of 2019. Under that plan, NASA would close out the Spitzer mission by fiscal year 2020. That plan was intended to save NASA the cost of running Spitzer, which is currently $14 million a year. The spacecraft itself, though, remains in good condition and could operating well beyond NASA's current plan. 'The observatory and the IRAC instrument are in excellent health. We don't have really any issues with the hardware,' said Lisa Storrie-Lombardi, Spitzer project manager, in a presentation to the committee Oct. 18. IRAC is the Infrared Array Camera, an instrument that continues operations at its two shortest wavelengths long after the spacecraft exhausted the supply of liquid helium coolant. The spacecraft's only consumable is nitrogen gas used for the spacecraft's thrusters, and Storrie-Lombardi said the spacecraft still had half its supply of nitrogen 14 years after launch." The way a private organization could make money on this is to charge astronomers and research projects for observation time. This could work, since there is usually a greater demand for research time than available observatories.

Computer hardware company Razer has unveiled its first smartphone. While the design doesn't appear to be up to par with the competition, it does pack some impressive specifications under the hood. The Razer Phone features a 5.7-inch, 2,560x1,440-resolution display, Snapdragon 835 chipset with 8GB of RAM, 12-megapixel dual camera with a wide-angle lens and 2x optical zoom, 4,000mAh battery, dual front-facing stereo speakers, and Android 7.1.1 Nougat running out of the box. While there is a microSD card slot for expandable storage, there is no headphone jack, no waterproofing, and no wireless charging. The device also won't support CDMA carriers like Verizon or Sprint. CNET reports: [W]here most new flagship phones are shiny rounded rectangles with curved screens, the Razer Phone is unabashedly a big black brick. It flaunts sharp 90-degree corners instead of curved edges. You can even stand the phone on end. The 5.7-inch, 2,560x1,440-resolution screen is flat as a pancake, and you'll find giant bezels above and below that screen, too -- just when we thought bezels were going out of style. When the Razer Phone ships Nov. 17 for $699 or £699 -- no plans for Australia at launch -- the company says it'll be the first phone with a display that refreshes 120 times per second, like a high-end PC gaming monitor or Apple's iPad Pro. And combined with a dynamic refresh technique Razer's calling Ultramotion (think Nvidia G-Sync), it can mean beautiful, butter-smooth scrolling down websites and apps, and glossy mobile gameplay.

Tesla has reported the largest quarterly loss in its history, and said it was cutting production of its Model S and Model X vehicles. Here are the key third-quarter numbers with expectations via Bloomberg: Adjusted loss per share: -$2.92 (-$2.23 expected); Revenue: $2.98 billion ($2.39 billion expected); Free cash flow: -$1.4 billion (-$1.2 billion (expected). Yahoo News reports: The company said it plans to produce 10% fewer units of its Model S and Model X models in the fourth quarter and reallocate resources to the Model 3, its newest. Tesla expects to hit a Model 3 production rate of 5,000 vehicles per week by late Q1 2018. "While we continue to make significant progress each week in fixing Model 3 bottlenecks, the nature of manufacturing challenges during a ramp such as this makes it difficult to predict exactly how long it will take for all bottlenecks to be cleared or when new ones will appear," Tesla said in its statement. Tesla said in October that it produced only 260 vehicles, well below its target of 1,500. CEO Elon Musk said the Model 3 was "deep in production hell."

An anonymous reader quotes a report from Ars Technica: Today, the Central Intelligence Agency posted a cache of files obtained from Osama Bin Laden's personal computer and other devices recovered from his compound in Abbottabad, Pakistan by Navy SEALs during the raid in which he was killed on May 2, 2011. The 470,000 files, 321 gigabytes in all, include documents, images, videos, and audio recordings, including Al Qaeda propaganda and planning documents, home videos of Bin Laden's son Hazma, and "drafts" of propaganda videos. There is also a lot of digital junk among the files.

The CIA site presents a raft of warnings about the content of the downloads: "The material in this file collection may contain content that is offensive and/or emotionally disturbing. This material may not be suitable for all ages. Please view it with discretion. Prior to accessing this file collection, please understand that this material was seized from a terrorist organization. While the files underwent interagency review, there is no absolute guarantee that all malware has been removed."

An anonymous reader shares an AP report: The Trump administration has quietly set aside plans to require new cars to be able to wirelessly talk to each other, auto industry officials said, jeopardizing one of the most promising technologies for preventing traffic deaths. The Obama administration proposed last December that all new cars and light trucks come equipped with technology known as vehicle-to-vehicle communications, or V2V. It would enable vehicles to transmit their location, speed, direction and other information 10 times per second. That lets cars detect, for example, when another vehicle is about to run a red light or coming around a blind turn in time to prevent a crash. The administration has decided not to pursue a final V2V mandate, said two auto industry officials who have spoken with White House and Transportation Department officials and two others whose organizations have spoken to the administration.

"In July 2009, SpaceX launched its first commercial payload -- a 50kg Earth observation satellite for Malaysia -- which flew into space aboard a privately developed rocket," reports Ars Technica. "According to a new space investment report that will be published Tuesday by the Space Angels, an angel fund and a venture capital fund focused on space, which marked a key inflection point between the "governmental" space age and the "entrepreneurial" space age." From the report: "With that launch, SpaceX significantly lowered the barriers to entry in the space industry," the fund's chief executive, Chad Anderson, writes in the new report. "By vertically integrating, the company was able to drastically reduce the cost to get to orbit. But what deserves at least as much credit is their decision to publish their pricing, which fundamentally changed the way we do business in space. This transparency enabled would-be space entrepreneurs to develop a business plan and raise equity financing based on those cost assumptions."

From 2009 through September 2017, the report finds that $12 billion in equity investments have been made in space, with annual amounts increasing significantly in 2015 and beyond to more than $2 billion per year. At $10 billion, launch services, landers, and satellites have accounted for the bulk of this investment since 2009. Aside from the SpaceX launch that year, other data supports the year 2009 as the beginning of an entrepreneurial space age in which the private sector began making investments to return profits from space-based activities. About 250 space ventures have received non-government equity funding, the report states, and, of those, 88 percent have been funded since 2009.

According to USA Today, Colorado's transportation department is looking at the possibility of a Rocky Mountain hyperloop to curb traffic woes. You could travel from Fort Collins to Colorado Springs, a distance of about 125 miles with Denver in the middle, in less than 20 minutes. From the report: After partnering with Virgin Hyperloop One, one of the companies racing to develop the super-speed technology that essentially would transport vehicles and people pods on electric skates in a big pneumatic tube, Colorado Department of Transportation officials plan to spend the next nine months crunching the numbers to determine what it might take to bring this type of transit to Colorado. Above-ground routes are cheaper to build. But Musk's Boring Co., another company testing the technology, has been focusing on hyperloop transportation in tunnels. The proposed Rocky Mountain hyperloop would be centered at Denver International Airport and stretch about 100 miles north to Cheyenne, Wyo.; about 125 miles south to Pueblo, Colo.; and about 100 miles west to Vail, Colo. It carries a hefty $24 billion price tag. State transportation officials estimated it would need an initial investment of $3 billion just to get the first 40 miles from the airport north to Greeley, Colo., completed. Why a hyperloop? State officials estimate Colorado's population will grow by nearly 50% in the next 20 years.

An anonymous reader quotes a report from Bleeping Computer: Rutgers engineers have created a new authentication system called VibWrite. The system relies on placing an inexpensive vibration motor and receiver on a solid surface, such as wood, metal, plastic, glass, etc.. The motor sends vibrations to the receiver. When the user touches the surface with one of his fingers, the vibration waves are modified to create a unique signature per user and per finger. Rutgers researchers say that VibWrite is more secure when users are asked to draw a pattern or enter a code on a PIN pad drawn on the solid surface. This also generates a unique fingerprint, but far more complex than just touching the surface with one finger. During two tests, VibWrite verified users with a 95% accuracy and a 3% false positive rate. The only problem researchers encountered in the live trials was that some users had to draw the pattern or enter the PIN number several times before they passed the VibWrite authentication test. Besides improvements to the accuracy with which VibWrite can detect finger vibrations, researchers also plan to look into how VibWrite will behave in outdoor environments to account for varying temperatures, humidity, winds, wetness, dust, dirt, and other conditions. This new novel user authentication system is described in full in a research paper entitled "VibWrite: Towards Finger-input Authentication on Ubiquitous Surfaces via Physical Vibration."

An anonymous reader quotes a report from The Wall Street Journal (Warning: source may be paywalled; alternative source): Apple, locked in an intensifying legal fight with Qualcomm, is designing iPhones and iPads for next year that would jettison the chipmaker's components, according to people familiar with the matter. Apple is considering building the devices only with modem chips from Intel and possibly MediaTek because San Diego, Calif.-based Qualcomm has withheld software critical to testing its chips in iPhone and iPad prototypes, according to one of the people. Apple's planned move for next year involve the modem chips that handle communications between wireless devices and cellular networks. Qualcomm is by far the biggest supplier of such chips for the current wireless standard. The Apple plans indicate the battle with Qualcomm could spill beyond the courtroom feud over patents into another important Qualcomm business where it has the potential to send ripples through the smartphone supply chain.

An anonymous reader shares a report: More than seven years after exiting China, Google is taking the boldest steps yet to come back. And it's not with a search engine. Instead, Google's ingress is centered around artificial intelligence. The internet giant is actively promoting TensorFlow, software that makes it easier to build AI systems, as a way to forge business ties in the world's largest online market, according to people familiar with the company's plans. It's a wide pitch targeting China's academics and tech titans. At the same time, Google parent Alphabet Inc. is adding more personnel to scour Chinese companies for potential AI investments, these people said. "China is a tremendous opportunity for any company because it is by far the single largest homogeneous market," said Kai Fu Lee, who headed Google's China operations before the company left in 2010. The market dwarfs any other, given how many Chinese people are online, and data from that "can be used to advance products, especially those relating to artificial intelligence," he added.

An anonymous reader writes from a report via Techdirt that claims the company has "chosen to proclaim its willingness to hack into its own customers' devices if the government asks." From the report: From a Forbes article: "[CEO John] Chen, speaking at a press Q&A during the BlackBerry Security Summit in London on Tuesday, claimed that it wasn't so simple for BlackBerry to crack its own protections. 'Only when the government gives us a court order we will start tracking it. Then the question is: how good is the encryption? 'Today's encryption has got to the point where it's rather difficult, even for ourselves, to break it, to break our own encryption... it's not an easily breakable thing. We will only attempt to do that if we have the right court order. The fact that we will honor the court order doesn't imply we could actually get it done.'"

Oddly, this came coupled with Chen's assertions its user protections were better than Apple's and its version of the Android operating system more secure than the one offered by competitors. This proactive hacking offer may be pointed to in the future by DOJ and FBI officials as evidence Apple, et al aren't doing nearly enough to cooperate with U.S. law enforcement. Of course, Chen's willingness to try doesn't guarantee the company will be able to decrypt communications of certain users. Blackberry may be opening up to law enforcement but it won't be sharing anything more with its remaining users. From the Forbes article: "Chen also said there were no plans for a transparency report that would reveal more about the company's work with government. 'No one has really asked us for it. We don't really have a policy on whether we will do it or not. Just like every major technology company that deals with telecoms, we obviously have quite a number of requests around the world.'"

Lorenzo Franceschi-Bicchierai, writing for Motherboard: Google's platform to deal with bugs and unpatched vulnerabilities had a bug that allowed a security researcher to see a full list of known, unpatched vulnerabilities within Google, creating a kind of bug inception that could have led to more damaging hacks. Alex Birsan, a security researcher, found three vulnerabilities inside the Google Issue Tracker, the company's internal platform where employees keep track of requested features or unpatched bugs in Google's products. The largest one of these was one that allowed him to access the internal platform at all. The company has quickly patched the bugs found by Birsan, and there's no evidence anyone else found the bugs and exploited them. Still, these were bad bugs, especially the one that gave him access to the bug-tracking platform, which could have provided hackers with a list of vulnerable targets at Google. "Exploiting this bug gives you access to every vulnerability report anyone sends to Google until they catch on to the fact that you're spying on them," Birsan told Motherboard in an online chat. "Turning those vulnerability reports into working attacks also takes some time/skill. But the bigger the impact, the quicker it gets fixed by Google. So even if you get lucky and catch a good one as soon as it's reported, you still have to have a plan for what you do with it."

"The BBC is reporting a security probe after security data about Heathrow was discovered on a USB found on the street," writes long-time Slashdot readers Martin S. From the article: The Sunday Mirror reported that the USB stick had 76 folders with maps, videos and documents, including details of measures used to protect the Queen. A man found it in west London and handed it into the paper, it said. Heathrow said all of its security plans had been reviewed and it was "confident" the airport was secure. "We have also launched an internal investigation to understand how this happened and are taking steps to prevent a similar occurrence in future," it said.
The Mirror reports that the USB stick was not encrypted and did not require a password, according to an article shared by Slashdot reader rastos1. Insiders "admitted it sparked a 'very, very urgent' probe, and that it posed 'a risk to national security'."

"In Portugal, with no net neutrality, internet providers are starting to split the net into packages," argues a California congressman -- retweeting a stunning graphic. An anonymous reader quotes BoingBoing's Cory Doctorow: Since 2006, Net Neutrality activists have been warning that a non-Neutral internet will be an invitation to ISPs to create "plans" where you have to choose which established services you can access, shutting out new entrants to the market and allowing the companies with the deepest pockets to permanently dominate the internet... the Portuguese non-neutral ISP MEO has mistaken a warning for a suggestion, and offers a series of "plans" for its mobile data service where you pay €5 to access a handful of messaging services, €5 more to use social media; and €5 more for video-streaming services.
The congressman notes this arrangement offers "a huge advantage for entrenched companies, but it totally ices out startups trying to get in front of people, which stifles innovation."

"[N]early 200 F-35s might permanently remain unready for combat because the Pentagon would rather buy new aircraft than upgrade the ones the American people have already paid for," according to one defense news site. And now Bloomberg reports: The Pentagon is accelerating production of Lockheed Martin Corp.'s F-35 jet even though the planes already delivered are facing "significantly longer repair times" than planned because maintenance facilities are six years behind schedule, according to a draft audit. The time to repair a part has averaged 172 days -- "twice the program's objective" -- the Government Accountability Office, Congress's watchdog agency, found. The shortages are "degrading readiness" because the fighter jets "were unable to fly about 22 percent of the time" from January through August for lack of needed parts.

The Pentagon has said soaring costs to develop and produce the F-35, the costliest U.S. weapons system, have been brought under control, with the price tag now projected at $406.5 billion. But the GAO report raises new doubts about the official estimate that maintaining and operating them will cost an additional $1.12 trillion over their 60-year lifetime.
Slashdot reader schwit1 writes, "This is akin to buying an exotic car you can barely afford, without also budgeting for insurance, repairs, and tuneups."