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Broadcom patches code execution flaw in VMware Fusion

  • Flaw leaves virtual machines on MacOS vulnerable to potential attackers with standard user privileges.

Broadcom has released critical updates to address a high-severity vulnerability affecting VMware Fusion 13.x, a software hypervisor utilised for running multiple operating systems concurrently on macOS.

The vulnerability, which scores 8.8 out of 10 on the severity scale, can be exploited by malicious actors with standard user privileges to execute arbitrary code within the context of the Fusion application. The root cause of this vulnerability lies in the use of an insecure environment variable.

The affected versions of VMware Fusion on macOS prior to 13.6 are particularly susceptible, leaving virtual machines vulnerable to potential exploitation.

As current mitigation strategies stand, users are urged to update their software to the latest version to safeguard against this weakness. Notably, no alternate workarounds or additional documentation have been provided at this time, highlighting the urgency for users to implement the update promptly.

Vigilant cybersecurity practices

VMware has acknowledged the identification of this flaw by Mykola Grymalyuk of RIPEDA Consulting, reflecting the importance of collaborative efforts in cybersecurity.

 Following its response guidelines, VMware typically addresses vulnerabilities categorized within the “important” severity range during planned maintenance. However, issues rated as critical—those scoring 9.0/10 or higher—demand immediate corrective measures, underscoring the gravity of this particular situation.

In a broader context, the mounting threat posed by vulnerabilities in virtualization software is becoming increasingly apparent. Just prior, Microsoft issued warnings regarding several ransomware groups exploiting another VMware vulnerability—ESXi Authentication Bypass—scoring 6.8 out of 10.

Despite the existence of a patch, cybercriminals have continued to leverage this flaw, underscoring the critical need for regular updates and vigilant cybersecurity practices.

Sony takes down Concord game offline after launch

  • After eight years of rigorous development, the game faced immediate criticism and poor player engagement.

The gaming industry is an ecosystem characterised by expectation and innovation, yet it is not immune to setbacks and disappointments.

The recent announcement from Sony, regarding the withdrawal of their highly anticipated shooter game, Concord, highlights the complexities involved in game development and marketing.

After eight years of rigorous development, the $40 game was launched on August 23, 2024, only to face immediate criticism and poor player engagement, culminating in a decision to take the game offline within a matter of weeks.

Ryan Ellis, the game director at Sony-owned Firewalk Studios, communicated this difficult decision through a blog post, stating, “Our initial launch didn’t land the way we’d intended.”

The acknowledgment of a miscalculated launch reflects not only humility on the part of the developers but also serves as a reminder of the industry’s inherent risks.

Protective measure

The underwhelming reception of Concord is starkly illustrated by the player statistics; with a maximum of merely 660 concurrent users on Steam—an alarming contrast to the figures achieved by established competitors, such as Counter-Strike and Dota 2, which boast player bases in the hundreds of thousands.

Moreover, the financial implications of such a failure are significant.

Concord is estimated to have cost around $100 million to develop, a hefty investment that underscores the high stakes involved in modern game production.

The decision to cease sales and issue full refunds to players who purchased the game is both a protective measure for consumers and a strategic choice to mitigate further reputational damage. Sony’s commitment to refunding players, as stated by Ellis, ensures that those who invested in the game are not left empty-handed.

In his statement, Ellis also indicated that the company would explore alternative strategies to better engage their audience, hinting at possible future iterations or modifications that could revive interest in Concord.

The openness to reevaluation suggests an understanding that the gaming market is dynamic and that successful engagement requires adaptability.

Chinese AMOLED panel makers to overtake Korean counterparts in 2025

  • AMOLED smartphone panels are poised to grow significantly, with an anticipated increase of nearly 25% in 2024, exceeding 840m units.

Shipments of Chinese AMOLED panels will exceed those of Korean counterparts in 2025 and attain a market share of 50.2%.

According to research firm TrendForce, Chinese panel makers will represent 47.9 per cent of global AMOLED smartphone panel shipments in 2024.

Historically, Korean manufacturers have dominated the AMOLED supply chain, primarily serving major clients such as Apple and Samsung.

However, a paradigm shift is underway as Chinese panel producers rapidly increase their market presence.

The ascent is propelled by a robust production capacity and strategic partnerships with smartphone brands, enabling Chinese firms to respond adeptly to burgeoning market demand.

The growing adoption of AMOLED panels is not merely a reflection of increased supply; it also underscores a broader trend toward enhanced display quality.

The penetration rate of AMOLED technology in smartphones is projected to rise from 51 per cent in 2023 to 56.9 per cent in 2024, with yearly increases of 2 per cent to 3 per cent expected, potentially reaching 68 per cent by 2028.

Mainstream display choice

According to research by TrendForce, projections indicate that shipments of AMOLED smartphone panels are poised to grow significantly, with an anticipated increase of nearly 25 per cent in 2024, exceeding 840 million units.

The surge can be attributed to evolving consumer preferences and technological advancements, solidifying AMOLED panels as the mainstream display choice for smartphones.

Growth in penetration solidifies AMOLED technology as a preferred choice due to its superior colour accuracy, contrast ratios, and energy efficiency compared to traditional display technologies.

BOE, a leading Chinese panel maker, exemplifies this trend, with expectations of reaching approximately 130 million unit shipments in 2024.

Their success is evidenced by robust partnerships with local manufacturers and growing capabilities to supply major players like Apple, following successful validation for the iPhone 16 series.

Apple’s decision to transition entirely to organic light-emitting diode (OLED) displays for all iPhone models starting in 2025 marks a significant technological advancement for the company.

The shift signifies the end of liquid crystal displays (LCDs) for Apple, which has been a staple in its lower-end models.

While this move promises enhanced display quality, it will also disrupt the long-standing business relationships with Japanese suppliers Japan Display (JDI) and Sharp, who primarily provide LCD technology.

The recognition reflects the maturation of Chinese AMOLED technology, increasingly trusted by international brands for quality and reliability.

Salesforce to swallow Tenyx to stay ahead in AI race

  • Acquisition aligns with Salesforce’s broader strategy to re-accelerate revenue growth following its previous decision to reduce reliance on mergers and acquisitions amidst pressures from activist investors.

Enterprise cloud firm Salesforce announced its intention to acquire Tenyx, a California-based startup specialising in artificial intelligence-powered voice agents.

While the financial terms of the acquisition remain undisclosed, the transaction is anticipated to conclude in the third quarter of 2024.

The strategic move allows Salesforce to integrate Tenyx’s innovative capabilities into its expanding suite of AI-driven solutions, further solidifying its position in the competitive landscape of artificial intelligence.

A significant shift

Founded in 2022, Tenyx has swiftly established itself as a key player across multiple sectors, including e-commerce, healthcare, hospitality, and travel.

The startup’s co-founders, CEO Itamar Arel and CTO Adam Earle, along with their team, will join Salesforce, enhancing the company’s talent pool and technological prowess.

The acquisition aligns with Salesforce’s broader strategy to re-accelerate revenue growth following its previous decision to reduce reliance on mergers and acquisitions amidst pressures from activist investors.

The focus on targeted acquisitions marks a significant shift in Salesforce’s approach, particularly after disbanding its mergers and acquisitions committee last year.

The recent agreement to acquire Tenyx reflects a growing trend among technology giants, including Microsoft and Amazon, which have also sought to bolster their AI capabilities through strategic acquisitions.

For instance, Microsoft’s $650 million acquisition of talent from AI startup Inflection and Amazon’s recruitment of Adept employees underscore an intensifying race for innovation in the AI domain.

Moreover, Salesforce’s recent performance, with second-quarter results surpassing Wall Street expectations, underscores its potential for future growth.

Increased investments in enterprise cloud products have positioned the firm favourably, allowing it to capitalise on the burgeoning demand for AI solutions.

Apple’s OLED move deals major blow to Sharp and Japan Display

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  • Apple begins to source OLED panels from companies such as BOE Technology of China and LG Display of South Korea.

Apple’s decision to transition entirely to organic light-emitting diode (OLED) displays for all iPhone models starting in 2025 marks a significant technological advancement for the company.

The shift, as reported by Nikkei, signifies the end of liquid crystal displays (LCDs) for Apple, which has been a staple in its lower-end models.

While this move promises enhanced display quality, it will also disrupt the long-standing business relationships with Japanese suppliers Japan Display (JDI) and Sharp, who primarily provide LCD technology.

Since the introduction of the iPhone 12 series, Apple has embraced OLED technology for its smartphones, barring the SE models.

The technology not only allows for more vibrant colours and better contrast but also caters to users seeking enhanced visual experiences.

The Pro and Pro Max models, in particular, showcase Apple’s ProMotion OLED technology, which supports a refresh rate of up to 120Hz, offering smoother visuals compared to the standard rates of 60Hz or 90Hz found in non-Pro devices.

Superior colour fidelity

The appeal of OLED over LCD is largely attributed to its superior colour fidelity and contrast ratios, making it the preferred choice for high-definition content consumption.

Recognising this trend, many manufacturers in the television and smartphone sectors are likewise favouring OLED displays.

Apple has begun to source OLED panels from companies such as BOE Technology of China and LG Display of South Korea, further signaling its commitment to this technology.

Moreover, the industry landscape has shifted significantly; a decade ago, Sharp and Japan Display accounted for a combined 70 per cent of iPhone screen suppliers, predominantly providing LCD panels.

However, their inability to mass-produce OLED displays has left them at a disadvantage as Apple pivots toward this cutting-edge technology.

Apple’s journey with OLED began with the launch of the iPhone X in 2017, progressively expanding to premium models and, more recently, its latest generation iPad Pro.

The phasing out of LCD displays represents not only a technological evolution but also a strategic redirection towards enhancing the user experience across its ecosystem.

As Apple embraces OLED, it reaffirms its position as a leader in innovation, while also reshaping its supply chain dynamics amidst an increasingly competitive market.

Tabby swallows digital wallet provider Tweeq

  • Tabby could explore expanding its financial products suite to include digital spending accounts, cards, and money management tools in accordance with laws and regulations.

Saudi Arabia’s fintech startup Tabby has entered into a definitive agreement to acquire Tweeq, a Saudi-based digital wallet licensed by the Saudi Central Bank (Sama).

Tabby is active in Saudi Arabia, the UAE and Kuwait and was valued at over $1.5 billion in its latest funding round, which included participation from major global and regional investors. .

Tweeq will continue to operate independently, and through future opportunities, Tabby could explore expanding its financial products suite to include digital spending accounts, cards, and money management tools in accordance with laws and regulations.

Tweeq, founded in 2020, is one of the early electronic money institutions licensed to operate in Saudi Arabia, providing an alternative to traditional banking accounts.

As a fintech company, Tweeq offers a spending account that allows customers to spend, send, and manage their money with ease, giving them more control over their finances.

The agreement is a significant step towards realising the goals of Saudi Vision 2030, contributing to the expansion of digital financial services.

Tweeq will partner with Tabby, pending regulatory approval, to expand its services within Tabby’s ecosystem and consumer scale.

By offering accessible savings and spending accounts, Tabby aims to contribute to building a more inclusive economy and promoting a cashless society.

 “Tweeq has made it its mission to meet the financial needs of Saudi Arabia by building the best mobile-first spending account. With Tweeq joining forces with Tabby, we will unlock a whole new suite of financial products designed to empower our customers to do even more with their money when they spend, send or save,” Hosam Arab, CEO and Co-Founder of Tabby, said.

Tabby graduated from the Sama regulatory sandbox and received her BNPL permit in July last year.

 “We are looking forward to merging Tweeq’s offerings into Tabby’s ecosystem so that we can cater to the financial needs of millions of users across the GCC, providing them with an innovative alternative to traditional banking,” Saeed Albuhairi, Co-Founder and CEO of Tweeq, said.

The transaction is subject to undergoing regulatory approvals and the required legal and administrative proceedings.