Africa Offers Global Warming Solution in 1st Climate Declaration
Africa will seek to present itself as a solution to the global warming crisis in a declaration to
2023-09-02 00:27
Quality of new vehicles in US declining on more tech use, study shows
Quality of new vehicles sold in the United States is declining as factors such as growing use of
2023-06-23 00:20
Kickr Move: Wahoo launches new indoor cycling trainer after ‘horrible’ period for bikes
Wahoo has launched the Kickr Move, a new indoor cycling trainer aimed at improving the experience of riding indoors - and overcoming a range of problems experienced by home training companies in recent years. The new Kickr Move adds movement to indoor cycling. Until now, riding a bike indoors has almost uniformly meant mounting a bike onto a smart trainer that allows for little movement, either sideways or forwards. That lack of movement in turn leads to problems with comfort, as well as realism, given that riders are stuck in the same position. In recent years, indoor cyclists have undertaken increasingly complicated ways of solving that problem, including putting their bikes and turbo trainers onto large “rocker plates” – essentially big wooden platforms intended to allow them to move a little more. Wahoo said that building a system like that was never on the table. While those rocker plates showed there was clearly an "unmet need", the company's founder Chip Hawkins told The Independent that "doesn't make any sense at all" and that the company therefore set about building a new kind of solution. Without that kind of movement, the forces that usually move a bike do not happen on a fixed trainer, which leads to "unnatural pushing and pulling", Hawkins said, which can make long rides inside uncomfortable and unrealistic. Fixing that added a completely different appeal that aims to make indoor riding more appealing, he said. Wahoo did so by taking its existing smart trainer and essentially mounting it on a track, to allow movement back and forth, with about 14cm of space back and forth. If a rider gets out of the saddle, for instance, the bike will drop back and then forward again – something that’s so natural in the real world that it hardly takes any thought, but which has been almost entirely missing in indoor cycling. (Wahoo’s rival, Tacx, released its own “Motion Plates” last year, but they are added on to the trainer separately.) The Wahoo Kickr that is on the market today looks almost identical to the one sold ten years ago, though there has been the addition of new technologies such as built-in WiFi; the new Move is the first noticeable different smart trainer Wahoo has released in years. Even in the new release, the changes are minimal: the Kickr Move takes most of the components from Wahoo’s existing smart trainer and puts them in that track. At the same time, it has also announced a new, cheaper version of its premium Kickr Bike, an entire indoor bike, aimed at broadening the appeal. But even if the changes are humble, the new Kickr Move marks the first major change to the design of indoor bike training equipment in years. And, perhaps more importantly, they come at a time when the future of indoor cycling's future is being decided. Indoor cycling as an industry and an activity has been no stranger to dramatic movements in recent years. When the pandemic began, early in 2020, many took to working out indoors, and the connected fitness and indoor training industry experienced a surge in demand so strong that it became a problem. For the first year, Wahoo and other indoor training companies couldn't make enough stock to sell, and as soon as turbo trainers appeared on retailers' websites they would disappear again. Orders came in and shops stocked up heavily, to avoid any similar difficulties in the years to come; factories were coming back online and were ready to make those smart trainers. "And then everyone went outside," Hawkins recalls. All of the indoor training equipment that had been ordered had nowhere to go. "Our sales took a horrible nosedive." Prices were reduced to clear out those now full shelves at bike shops, and sales fell too. "It was a really, really tough year last year," Hawkins says. This time around, as the autumn approaches and trainer season begins again, the industry is having the opposite problem: for the most part, that glut of trainers has been sold, but bike shops are anxious about ordering too much to replace them. What's more, the effect of the pandemic on bikes was much the same – bikes were impossible to buy, so more were made, and they are now stuck on shelves – meaning that those shops might not have space or money to buy trainers even if they wanted to. At the same time, things were looking especially shaky at Wahoo. At the height of covid – when people wanted indoor fitness equipment, and investors wanted the companies that make them – Wahoo was sold to a private equity firm. Wahoo commanded a chunky valuation as the lockdown sales rolled in, benefiting from the same excitement that also sent the share price of rivals Peloton soaring. Then lockdowns eased, and people started leaving the house. Interest in indoor cycling started to fall away. Peloton’s stock plummeted; it has lost 97 per cent of its value since its highs in early 2021. Wahoo’s financial analysts started to use words like “unsustainable” about the company, and it looked as if its debt problems could lead the company to collapse. Some 18 months after a sale built on frenzied excitement about indoor cycling, Wahoo looked in peril. The debt taken on to support the sale was called in and the company was taken over by the banks, and the "shareholders lost everything", Hawkins said. Wahoo's marketing activities went away, product development slowed, staff were let go, and the company looked in danger. Then Hawkins stepped back into buy the company, along with three other strategic investors. It was a "fresh start", he says, and the company was free of its debt. Wahoo's operations "never really missed a beat" throughout the financial chaos, and so the company was able to get back to work again. "We're not trying to raise quick bucks or anything – I'm really trying to set us up for long-term success, which is exciting", he says. The Kickr Move and the Bike Shift are the first major new products to come out of Wahoo since all of that happened. As well as the new products, it comes with a new approach: more sustainable packaging, and a new setup experience – as well as a new, higher price. The Kickr Move costs £1,399 – £300 more than the existing Kickr smart trainer, which will stay on the market. Encouraging people to pay that extra might be difficult, given so many cyclists have just bought trainers in recent years, especially through the pandemic. But Hawkins says that while the market might look mature, there are still plenty of people out there still to be reached. Hawkins' instinct is that indoor cycling is a mature market, but Wahoo's data suggests that only 11 per cent of "committed cyclists" have a smart trainer. "There is still a tonne of people that haven't discovered smart training yet – I don't know exactly where they are, but it seems like there is a lot of room for kind of continuing to expand the category". The Kickr Move is another attempt to reach those people, as well as being extra innovation intended to make those with older trainers upgrade. In use, the Kickr Move is considerably more comfortable: it is hard to understand how much discomfort is caused by a lack of movement until you're able to move back and forth. And the relative lack of innovation elsewhere means that setting up the new trainer is familiar and simple, and that it works easily with Wahoo's other products. (The only problem is Wahoo's Kickr Climb, which allows people to tilt the front of their bike up and down as if they were ascending and descending, and which needs an extra foot to be compatible with the Kickr Move, sold separately.) The new trainer is far from the only innovation planned by Hawkins in the time to come. "You've got other things coming besides this launch," he teases; "we are 10, 12 years old in this market, compared to 150-years or something for cycling. So I think we've got a long way to go." Read More Apple is about to launch what could be the most controversial iPhone in years Apple is about to reveal the new iPhone – and a lot more Here’s when you will actually be able to get the new iPhone Apple is about to launch what could be the most controversial iPhone in years Apple is about to reveal the new iPhone – and a lot more Here’s when you will actually be able to get the new iPhone
2023-09-12 21:22
Valorant Champions 2023 Bundle Release Date
There is no confirmed release date for the Valorant Champions 2023 Bundle yet, but the collection will be revealed on July 31 before it is available for purchase.
2023-07-06 03:59
Nintendo Switch sales surpass 132 million units
Nintendo has sold 132 million Switch units, however, the company is yet to announce any details of console's successor.
2023-11-08 22:19
EU countries fail to agree energy reforms after coal subsidy clash
By Kate Abnett LUXEMBOURG (Reuters) -European Union countries failed on Monday to agree on planned new rules for the bloc's
2023-06-20 05:24
Over 100,000 ChatGPT user accounts compromised over last year, report says
More than 100,000 user accounts of the popular artificial intelligence chatbot platform ChatGPT have been compromised over the last year using information-stealing malware, a new report has revealed. The report, published by Singapore-based cybersecurity firm Group-IB, identified 101,134 compromised accounts, the credentials of many of which have been traded over the last year on illicit dark web marketplaces. At its peak in May, nearly 27,000 credentials of compromised ChatGPT accounts were traded on the dark web, the group noted, adding that the Asia-Pacific region experienced the highest concentration of ChatGPT credentials offered for sale. This region, according to the report, accounted for almost 40 per cent of compromised accounts between June 2022 and May 2023, followed by Europe. Since its widespread rollout in November last year, ChatGPT has seen growing use, with employees taking advantage of the chatbot to optimise their work across fields from software development to business communications. As the chatbot stores the history of user queries and the AI’s responses, experts have warned that unauthorised access to ChatGPT accounts could expose confidential or sensitive information. “Employees enter classified correspondences or use the bot to optimize proprietary code. Given that ChatGPT’s standard configuration retains all conversations, this could inadvertently offer a trove of sensitive intelligence to threat actors if they obtain account credentials,” said Dmitry Shestakov, the head of threat intelligence at Group-IB. Several businesses, institutions and universities across the world, including several in Japan, have either banned use of the chatbot, or have warned staff to not reveal sensitive information to the AI bot as such data can be exploited for targeted attacks against companies and their employees. The Singapore-based cybersecurity group warned in its latest report that ChatGPT accounts have already gained popularity within underground communities on the dark web that are accessible only via special software. Using malicious software known as info stealers, credentials saved in browsers, bank card details, crypto wallet information, cookies, browsing history and other information from browsers installed on infected computers are being stolen and sent to operators. Logs containing user information, including data on the IP addresses, are being actively traded on dark web marketplaces, according to Group-IB. A majority of logs containing ChatGPT accounts have been breached by the infamous Raccoon info stealer, the group noted. Experts urge users to update passwords regularly and implement two-factor authentication for accessing their ChatGPT accounts. Users are also advised to disable the chatbot’s chat saving feature from its settings menu or manually delete conversations immediately after use. Read More ChatGPT ‘grandma exploit’ gives users free keys for Windows 11 Protect personal data when introducing AI, privacy watchdog warns businesses How Europe is leading the world in the push to regulate AI Scientists warn of threat to internet from AI-trained AIs ChatGPT ‘grandma exploit’ helps people pirate software Hundreds attend ‘soulless’ AI-generated church service
2023-06-21 12:48
VinFast revenues jump on EV sales to Vietnam affiliate
By Phuong Nguyen and Chavi Mehta (Reuters) -Vietnamese electric car maker VinFast said on Thursday its third-quarter revenue more than
2023-10-05 22:47
TikTok users in Europe will be able to opt out of personalized feeds
In Europe the For You Page is about to be a little less for you.
2023-08-07 01:17
Apple says its ecosystem is worth more than a trillion dollars a year ahead of major event and headset reveal
Apple says that its App Store has helped generate more than a trillion dollars for the first time, just days ahead of its major developer event. The App Store ecosystem facilitated $1.1 trillion in developer billings and sales last year, according to an independent study from The Analysis Group and commissioned by Apple. That is the result of rapid growth over recent years: that number rose 29 per cent on last year, and by 27 per cent in each of the two years before that. Those increases were partly a result of an increase in the apps that people use as the world opens up, such as taxi services, the report said. Apple’s announcement came just days ahead of its Worldwide Developers Conference, which begins on Monday. That is likely to see a whole new platform for developers to build apps for, with the launch of its new augmented reality headset. The report also comes amid increasing criticism over Apple’s power over the App Store, which is the only way to get apps onto the iPad and iPhone. Critics have argued that control means that Apple is able to make unfair demands on developers, including taking a cut from some sales made within apps and deciding what apps are available. Apple has commissioned a number of such reports in recent years, aimed at highlighting the economic impact of the App Store and the positive effects that can have for developers. The new report focused not on the money made by Apple, or through the store. Instead, it aimed to quantify how much money is made through the ecosystem built around the App Store, which includes billings and sales that are made through apps but without Apple’s involvement. More than 90 per cent of the billings and sales went specifically to the developers, with Apple not taking a cut, the report said. While Apple takes a cut from the sale of apps and digital goods and services within those apps, companies selling physical goods and other services are able to keep the full amount. Of the $1.1 trillion made last year, App Store developers generated $910 billion in total billings and sales from the sale of physical goods and services, $109 billion from in-app advertising, and $104 billion for digital goods and services, Apple said. Last year, that came particularly from travel apps and ride-hailing. Travel sales on iOS were up 84 per cent last year, the report said. It was not possible to say how much of that gain was the result of the world opening back up after lockdowns and other issues, compared with the specific work of Apple and those App Store developers, economists from Analysis Group said. The report also comes on the 15th anniversary of the App Store, which was launched in 2008. Apple said that iOS developers have earned more than $320 billion on App Store in those 15 years. “We’ve never been more hopeful about — or more inspired by — the incredible community of developers around the world,” said Tim Cook, Apple’s CEO. “As this report shows, the App Store is a vibrant, innovative marketplace where opportunity thrives, and we’re as committed as ever to investing in developers’ success and the app economy’s future.” Read More Major leak reveals details of Apple’s VR headset days before unveiling Apple is going to reveal something else alongside its headset, rumours suggest Trust and ethics considerations ‘have come too late’ on AI technology New iPhone update ‘completely changes how the lock screen works’ Apple lays bare danger of losing your health data Apple is making a ‘mixed reality’ headset. Here’s what that future might look like
2023-06-01 01:24
Former Tory leader warns Vodafone and Three merger poses ‘dangerous’ security risk
Former Tory leader Sir Iain Duncan Smith has warned the merger between Vodafone and Three is “dangerous” and risks giving a company with its roots in Communist Party-ruled China a more prominent place in the UK’s mobile network. The former work and pensions secretary and MP for Chingford and Woodford Green said the proposed deal raised serious questions about national security and competition within the UK telecommunications market. Vodafone and Three, both of which have millions of customers in the UK and Ireland, announced earlier this month that they were joining forces in a multibillion-pound deal they said would create one of Europe’s biggest 5G networks. “This is a dangerous deal, which it seems is yet another example of how the Communist Party is trying to create a Western dependency on China,” Sir Iain told The Independent. “Not only does it raise important questions about competition, but it poses risks to our communication networks and personal data.” Three is owned by CK Hutchison, a Hong Kong-listed conglomerate that has been accused of supporting repression in the former British territory, where thousands of residents fled after China’s implementation of a sweeping national security law used by authorities to crack down on dissent against the regime in Beijing. Sir Iain is among a number of cross-party MPs to raise concerns about the growing influence of China in the West, and in particular, telecoms companies who have their headquarters there and are operating in the UK. “The government still doesn’t seem to understand that Chinese companies can be mandated to hand over their data to Beijing at the drop of a hat,” Sir Iain said. “We should be really worried about that. I also think we need to be taking a closer look at who owns these companies, the links between them and the Chinese government and the origins of the money flowing through them.” Last autumn the government announced that Shenzen-based Huawei technology must be removed from the UK’s 5G public networks by the end of 2027, It followed advice from the National Cyber Security Centre and pressure from Washington, which banned equipment made by the company because it posed an “unacceptable risk” to US national security. In March, prime minister Rishi Sunak warned that China plans to “reshape the world” in plans that posed an era-defining challenge for the UK and its allies in the West but dismissed calls for Beijing to be categorised as a threat, something his predecessor Liz Truss pushed for. The union Unite, which has 1.4 million members, is also campaigning against the merger, which some analysts say could result in job losses and higher prices for consumers who are already being squeezed by the cost of living crisis. The deal has triggered an initial investigation by the Competition and Markets Authority and will be subject to approval under the new National Security and Investment Act. Gail Cartmail, Unite’s executive head of operations, said: “Instead of idly watching the CK Group cream profits from UK businesses, the government should ask if they are a suitable custodian of British assets.” Charlotte Nichols, the Labour MP for Wigan North who sits on the Department for Business and Trade sub-committee on national security, said: “Unite the Union has shared research with me that shows this merger would leave sensitive government contracts and the data of millions of UK consumers in the hands of Three, a company whose key leadership have supported repression in Hong Kong and worked hand-in-hand with the Chinese state for decades. “This will be dangerous deal for the UK and I fully support Unite’s campaign against it.” Other MPs – both Labour and Conservative – have tabled questions to government departments asking what security assessments ministers have made of the proposed merger deal. Both Three and Vodafone refused to comment but have previously dismissed concerns about security, saying that they work closely with security bureaus in what is a regulated industry. The Cabinet Office has said it welcomes foreign trade and investment “where it supports growth and jobs in the UK, meets our stringent legal and regulatory requirements, and does not compromise our national security. “However, we will not hesitate to use our powers to protect national security where we identify concerns.” Read More Vodafone and Three to merge in multibillion-pound deal Vodafone and Three merger: What the huge deal actually means for you Cleverly defends China visit plans and pledges to use UK’s global ‘influence’ Three and Vodafone are merging. Here’s what that means for your phone No one wants to take responsibility for No 10 ‘groper’ complaints, warns accuser Top Tories urge Rishi Sunak to use cabinet reshuffle to get a grip on warring party
2023-07-02 15:19
Goldman Sachs Says ESG Bonds Are Headed for Major Slump in US
Companies based in the US are on track to halve the amount of ESG-labeled debt they issue this
2023-10-06 17:56
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