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A Nice Little Cryptography Primer

By itss | 28/06/2021
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Pun Intended.

Category: Technology
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  • Indian IT Was Supposed To Die From AI. Instead It's Billing for the Cleanup.
    by msmash on 26/12/2025 at 6:40 pm

    Two years after generative AI was supposed to render India's $250 billion IT services industry obsolete, the sector is finding that enterprises still need someone to handle the unglamorous plumbing work that large-scale AI deployment demands. Less than 15% of organizations are meaningfully deploying the new technology, according to investment bank UBS, and Indian IT firms are positioning themselves to capture the preparatory work -- data cleanup, cloud migration, system integration -- that channel checks suggest could take two to three years before enterprise-wide AI becomes feasible. The financials have held up better than the doomsday predictions suggested. Infosys now calls AI-led volume opportunities a bigger tailwind than the deflation threat, a reversal from 2024, and orderbooks held steady in the third quarter even as pricing pressure filtered through renewals. Infosys expects its orderbook to grow more than 50% this quarter, anchored by an NHS deal worth $1.6 billion over 15 years. The companies have been restructuring accordingly. TCS cut headcount by 2% and invested in a 1GW data-centre network while acquiring Salesforce advisory firm Coastal Cloud. HCLTech reduced margins by 100 basis points and became one of the first large systems integrators to partner with OpenAI; this week it announced acquisitions of Jaspersoft for $240 million and Belgian firm Wobby to expand agentic AI capabilities. The bear case for the Indian IT sector assumed that AI would work out of the box. Two years in, it does not. Read more of this story at Slashdot.

  • As AI Companies Borrow Billions, Debt Investors Grow Wary
    by msmash on 26/12/2025 at 5:37 pm

    While stock investors have pushed AI-related shares to repeated highs this year, debt markets are telling a more cautious story as newer AI infrastructure companies find themselves paying significantly elevated interest rates to borrow money. Applied Digital, a data center builder, sold $2.35 billion of debt in November at a 9.25% coupon -- roughly 3.75% above similarly rated companies, or about 70% more in interest costs. The pattern has repeated across several deals. Wulf Compute, a subsidiary of Bitcoin-miner-turned-data-center-operator Terawulf, raised $3.2 billion in mid-October at 7.75%, well above the 5.5% average yield for similarly rated issuers. Cipher Compute sold $1.7 billion in early November at just over 7%. CoreWeave, which rents data centers and installs computing systems for companies like OpenAI and Meta, raised $1.75 billion in July at 9%. The company's bonds have since fallen to around 90 cents on the dollar, pushing the effective yield above 12% -- nearly double the average for companies at its single-B rating level. "We just have to be much more pessimistic and not buy into the hype," said Will Smith, a portfolio manager at AllianceBernstein. Construction delays and uncertain demand for AI computing power remain key concerns for lenders who, unlike equity investors, have no upside beyond getting their principal back. Read more of this story at Slashdot.

  • The Economic Divide Between Big and Small Companies Is Growing
    by msmash on 26/12/2025 at 4:24 pm

    While America's largest corporations are riding a wave of surging profits and AI-fueled stock market enthusiasm to record highs, small businesses across the country are cutting staff and scaling back operations as years of high inflation, cautious consumers and tariff confusion take their toll. Private firms with fewer than 50 workers have steadily shed jobs over the past six months, according to payroll processor ADP, cutting 120,000 positions in November alone. Midsize and large firms continued adding jobs during the same period. The divergence mirrors what's happening among American consumers. The Federal Reserve's latest beige book noted that overall consumer spending declined further even as higher-end retail spending remained resilient. Workers at small businesses tend to earn less than those at large companies, and stock market gains from large public company shares flow mostly to wealthier Americans. Small businesses -- those with up to 500 workers -- employ nearly half the American workforce and represent more than 40% of GDP, according to the U.S. Chamber of Commerce. But their profits are slightly lower than a year ago, per a Bank of America Institute analysis. Net income at S&P 500 companies rose 12.9% from a year earlier in the third quarter. Read more of this story at Slashdot.

  • Retreating From EVs Could Be Hazardous For Western Carmakers
    by msmash on 26/12/2025 at 3:08 pm

    Western carmakers retreating from electric vehicles amid softening government mandates could find themselves in a precarious position as Chinese rivals continue gaining ground in the EV market they're choosing to de-prioritize. The EU on December 16th dropped its earlier plan to ban petrol car sales outright from 2035, instead requiring carmakers to cut emissions from new vehicles by 90% from 2021 levels. The day before, Ford announced a $19.5 billion asset writedown as it rethinks its EV strategy and ends sales of the all-electric F-150 pickup. In the U.S., the Trump administration has rolled back incentives and other measures that supported EVs. But Chinese brands controlled 10.7% of the all-electric car market in western Europe in the first ten months of 2025, up a percentage point from a year earlier, despite EU tariffs on Chinese EVs imposed in October 2024. Sales of Chinese hybrids, which aren't subject to those tariffs, have surged. EVs will eventually become the cheaper option as production expands and costs fall, meaning Western carmakers that slow down now risk giving competitors an unassailable lead. Read more of this story at Slashdot.

  • AI's Hunger For Memory Chips Could Shrink Smartphone and PC Sales in 2026, IDC Says
    by msmash on 26/12/2025 at 2:05 pm

    The global smartphone and PC markets face potential contractions of up to 5.2% and 8.9% respectively in 2026, according to downside risk scenarios from IDC that trace the problem to memory chip manufacturers shifting production capacity away from consumer electronics toward AI data centers. Samsung Electronics, SK Hynix and Micron Technology have pivoted their limited cleanroom space toward high-bandwidth memory for AI servers, restricting supply of the conventional DRAM and NAND used in phones and laptops. IDC expects 2026 DRAM supply growth to hit 16% year-on-year, below historical norms. The smartphone industry's decade-long trend of bringing flagship features to affordable devices is reversing. Memory represents 15-20% of the bill of materials for mid-range phones, and thin-margin vendors like Xiaomi, Realme and Transsion will bear the brunt. Apple and Samsung have long-term supply agreements securing components up to 24 months ahead. PC vendors including Lenovo, Dell, HP, Acer and ASUS have warned clients of 15-20% price increases heading into the second half of 2026. Read more of this story at Slashdot.

  • China Launches $21 Billion Venture Capital Funds To Invest in 'Hard Technology'
    by msmash on 26/12/2025 at 12:31 pm

    An anonymous reader shares a report: China on Friday launched three venture capital funds to invest in "hard technology" areas, state broadcaster CCTV reported. The capital contribution plans for the funds have been finalised, each with more than 50 billion yuan ($7.14 billion), according to the report. The funds will primarily invest in early-stage startups and the targets should be valued at less than 500 million yuan, an official said on Friday, adding that no single investment would amount to more than 50 million yuan. Read more of this story at Slashdot.

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