Skip to main content

Apple Introduces a Cheaper Option For App Store Subscriptions

8 hours 20 minutes ago
Apple is adding a new App Store subscription option that lets developers offer lower monthly prices in exchange for a 12-month commitment. "This model will allow developers to offer discounted rates to customers in exchange for more predictable long-term revenue," reports TechCrunch. "This also caters to how many developers have already been marketing their annual subscriptions in their apps." From the report: Often, app developers will display the lower monthly price to highlight the discount the customer would receive if they purchase the annual subscription instead of the monthly option. If the user is on the fence about a longer-term commitment, the notion that they're getting a better deal can help to push them toward the annual option. Now, Apple is essentially formalizing what these developers were already doing, which allows it to also craft a set of policies around how these subscription offers are to be displayed so as not to mislead customers about the true cost of the deals. However, the option will not be available to developers in the United States or Singapore at launch. While Apple didn't offer an explanation for this, it's still in App Store litigation in the U.S. around the specifics of the court's ruling in its case with Epic Games around how Apple can charge for subscriptions. Apple likely doesn't want to complicate the matter further until that matter is finalized. Singapore, meanwhile, also has a sophisticated payments market with strong consumer rules, which is why it may have been left out of the initial release.

Read more of this story at Slashdot.

BeauHD

The Bloomberg Terminal Is Getting an AI Makeover

9 hours 20 minutes ago
An anonymous reader quotes a report from Wired: For its famous intractability, the Bloomberg Terminal has long inspired devotion, bordering on obsession. Among traders, the ability to chart a path through the software's dizzying scrolls of numbers and text to isolate far-flung information is the mark of a seasoned professional. But as a greater mass of data is fed into the Terminal -- not only earnings and asset prices, but weather forecasts, shipping logs, factory locations, consumer spending patterns, private loans, and so on -- valuable information is being lost. "It has become more and more untenable," says Shawn Edwards, chief technology officer at Bloomberg. "You miss things, or it takes too long." To try to remedy the problem, Bloomberg is testing a chatbot-style interface for the Terminal, ASKB (pronounced ask-bee), built atop a basket of different language models. The broad idea is to help finance professionals to condense labor-intensive tasks, and make it possible to test abstract investment theses against the data through natural language prompts. As of publication, the ASKB beta is open to roughly a third of the software's 375,000 users; Bloomberg has not specified a date for a full release. Wired spoke with Edwards at Bloomberg's palatial London headquarters in early April, where he shared several examples of what ASKB can do. "With ASKB, I can create workflow templates. I can write a long query, and say, 'Hey, here's all the data I'm going to need. Give me a synopsis of the bull and bear cases, what the Street is saying, what the guidance is.' Now, I want to schedule [the workflows] or trigger them when I see this or that condition in the world." As for what separates mediocre traders from the best, assuming both have access to the same data, Edwards said: "These tools are not magical. They don't make an average [employee] all of a sudden great. The difference will be your ideas. In the hands of experts, it allows them to do better analysis, deeper research -- to sift through 10 great ideas when they might have only had time for one. If you're a mediocre analyst, they'll be 10 mediocre ideas."

Read more of this story at Slashdot.

BeauHD

Don't pay Vect a ransom - your data's likely already wiped out

9 hours 26 minutes ago
'Full recovery is impossible for anyone, including the attacker'

Organizations hit by the wave of Trivy and LiteLLM supply-chain compromises that paid Vect in hopes of recovering their data likely did not get much back, according to Check Point Research. That's because the ransomware Vect uses isn't actually ransomware at all, but a wiper that destroys any file larger than 128KB.…

Jessica Lyons