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Comment This is concerning (Score 4, Insightful) 118

. "Considering IBM's gross profit for [fiscal 2022] was $32.863 billion, this certainly wasn't a make-or-break decision for IBM's profitability," said Kadan Stadelmann, chief technology officer at Komodo, developer of a cryptocurrency and blockchain platform.

CTO of a crypto company, but doesn't seem to understand the difference between gross profit (~$33billion) and net income ($1.8billion)....

I guess this is a clue explaining what's wrong with the crypto industry...

Comment Re:Better or worse (Score 2) 209

by Swift Kick (#58825464) Attached to: Two-Thirds of American Employees Regret Their College Degrees

The increasing cost of education cannot possibly be caused by increased government subsidies. Thirty or forty years ago, government paid somewhere around 70â"80% of the cost of college at public institutions. Now, government pays more like 20â"30%. Increases to government funding have not even remotely kept up with the increases in the cost of education.

Approximately forty years ago, roughly 50% of HS graduates would enroll in college upon graduation. In 2015, this climbed to 70% (source.

And although the pressure for everyone to get a college degree does mean that those dollars are spread across more students, over the past two decades, the percentage of high school students going on to college has only gone up from 65% to 69%. So this also cannot explain the skyrocketing costs.

Yes, the percentages are relatively small, but the actual numbers tell a different story. The number of HS graduates enrolling in college went from ~14 million in 1995, to ~20million in 2015. That's a 25% increase in enrollment in the span of 20 years (source, and nearly 5 million additional students potentially looking for a loan.

Government can't afford to pay for everyone, but what they can do is offload this cost to 'outside vendors' which provide high-risk loans (which is what they really are), in exchange for Uncle Sam's guarantee that come hell or high water, they'll get their money back. When you're a business selling degrees, and you're guaranteed not to take a loss, you're a fool not to jack up your prices as demand increases, specially when you have a poorly-informed customer.

Comment Did anyone actually read the linked article? (Score 1) 287

The article says these accounts never actually posted misinformation:

Another twist: These accounts apparently never spread misinformation. In fact, they posted real local news, serving as sleeper accounts building trust and readership for some future, unforeseen effort.

It's strange that Tim Mak opens the article with this:

Russia's information attack against the United States during the 2016 election cycle sought to take advantage of the greater trust that Americans tend to place in local news..

You can't have it both ways. Either the Russians did, or didn't, and the article itself says they actually didn't, an dthat it's likely they were playing the long game, waiting for the right time.
However, the last presidential election doesn't look like it was what they were aiming to derail.
Businesses

Broadcom Explores Buying Qualcomm (bloomberg.com) 69

Posted by BeauHD from the merge-and-conquer dept.
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."
Businesses

Google's Compute Engine Now Offers Machines With Up To 64 CPU Cores, 416GB of RAM (techcrunch.com) 74

Posted by msmash from the welcome-changes dept.
An anonymous reader shares a TechCrunch report: Google is doubling the maximum number of CPU cores developers can use with a single virtual machine on its Compute Engine service from 32 to 64. These high-power machines are now available in beta across all of Google's standard configurations and as custom machine types, which allow you to select exactly how many cores and memory you want. If you opt to use 64 cores in Google's range of high-memory machine types, you'll also get access to 416GB of RAM. That's also twice as much memory as Compute Engine previously offered for a single machine and enough for running most memory-intensive applications, including high-end in-memory databases. Running your apps on this high-memory machine will set you back $3.7888 per hour (though you do get all of Google's usual sustained-use discounts if you run it for longer, too).

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