Rob Spengler writes "Last.FM co-founder Richard Jones says the biggest asset the company owns is 'hundreds of terabytes of user data.' Jones adds, '... playing with that data is one of the most fun things about working at the company.' Last.FM, for those who have been living on Mars for the last two years, is the largest online radio outlet, with millions of listeners per day. The company surpassed Pandora and others largely due to its unique datamining features: 'Audioscrobbler,' the company's song/artist naming algorithm, can correctly determine a track even with tens of thousands of false entries. Jones says sitting on that much data has even helped police: 'thieves listening to music on an Audioscrobbler-powered media player have helped police in the US, UK, and other countries track down users' stolen laptops.' Does sitting on a mountain of data make Last.FM powerful enough to start making a stand against the record industry? CBS certainly thinks so — they bought the company for £140 (~$200) million last year."

As we approach the end of the year it's time once again for the never-ending stream of retrospectives and year-in-review discussions. Wired has their version of the best technology breakthroughs of 2008. From phones to shrinking laptops to flexible displays, there is no shortage of interesting advancements when looking back at this year. What other groundbreaking advancements were made this year, and what do we have to look forward to for 2009?

An anonymous reader writes "Sarcasm may be the lowest form of wit, but Australian scientists are using it to diagnose dementia, according to a new study. Researchers at the University of New South Wales, found that patients under the age of 65 suffering from frontotemporal dementia (FTD), the second most common form of dementia, cannot detect when someone is being sarcastic."

Ted.com has a great sneak peek at Microsoft's new WorldWide Telescope project. In this video, presented by Roy Gould and Curtis Wong, you are able to see a combined view of satellites and telescopes from all over the planet and nearby space. The compiled image is rendered using Microsoft's new high-performance "Visual Experience Engine" that allows users to pan and zoom across the night sky seamlessly.