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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow

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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow

Today in Tech: Key Apple retail VP leaves the company

By
JP Mangalindan
JP Mangalindan
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By
JP Mangalindan
JP Mangalindan
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January 16, 2013, 1:49 PM ET
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Also: How Facebook just upped the ante in search; AMD claims former employees copied 100,000 files and went to Nvidia.

 

Former Apple retail VP Jerry McDougal.

Apple retail VP Jerry McDougal resigns [ALL THINGS D]

McDougal, who resigned earlier this month, is to be replaced by Jim Bean, formerly Apple VP of Finance. While it’s not clear if this is an exec-for-exec swap, Bean has exactly the sort of operational acumen that would lend itself to the position McDougal’s departure leaves open. Bean will retain his VP title, though “of Finance” may change to “of Retail.”

Facebook vs. Google: It’s on in search [FORTUNE]

Indeed, Facebook only searches for things that have happened on its sprawling site. For now, it concentrates on four types of searches: people, photos, interests and places. But the types of queries possible with Facebook’s new service are innovative and useful. Users can “find friends who like soccer” or “find friends who like soccer in your hometown.” Users can find all the photos they’ve liked or all the photos their friends have taken in Paris. They can find restaurants in San Francisco liked by friends who are locals, or by friends who are Indian―say if they’re in the mood for spicy food. Users can’t do that on Google.

Verizon finds U.S. developer outsourced his job to China so he could surf Reddit and watch cat videos [THE NEXT WEB]

The story goes a little something like this. A developer at a US-based critical infrastructure company, referred to as “Bob,” was caught last year outsourcing his work to China, paying someone else less than one fifth of his six-figure salary to do his job. As a result, Bob had a lot of time on his hands; in fact, during the investigation, his browsing history revealed this was his typical work day:

  • 9:00 a.m. – Arrive and surf Reddit for a couple of hours. Watch cat videos.
  • 11:30 a.m. – Take lunch.
  • 1:00 p.m. – Ebay time.
  • 2:00 – ish p.m Facebook updates – LinkedIn.
  • 4:30 p.m. – End of day update e-mail to management.
  • 5:00 p.m. – Go home.

AMD alleges former managers copied 100,000 confidential files before joining Nvidia [ZDNET]

AMD believes that as they left the company, the four employees copied more than 100,000 confidential documents and trade secrets to take with them.

The suit, filed in the U.S. District of Massachusetts, claims former vice-president Robert Feldstein, along with managers Manoo Desai, Nicolas Kociuk and Richard Hagen, took the files before the four left the company. AMD wants to recover the files, which the company claims covers everything from upcoming AMD technology and contracts with large and enterprise customers.

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