Sunday, July 28th, 2024

Time	Event
1:01a	LZ4 Compression Algorithm Gets Multi-Threaded Update Slashdot reader Seven Spirals brings news about the lossless compression algorithm LZ4: The already wonderful performance of the LZ4 compressor just got better with multi-threaded additions to it's codebase. In many cases, LZ4 can compress data faster than it can be written to disk giving this particular compressor some very special applications. The Linux kernel as well as filesystems like ZFS use LZ4 compression extensively. This makes LZ4 more comparable to the Zstd compression algorithm, which has had multi-threaded performance for a while, but cannot match the LZ4 compressor for speed, though it has some direct LZ4. From Linuxiac.com: - On Windows 11, using an Intel 7840HS CPU, compression time has improved from 13.4 seconds to just 1.8 seconds — a 7.4 times speed increase. - macOS users with the M1 Pro chip will see a reduction from 16.6 seconds to 2.55 seconds, a 6.5 times faster performance. - For Linux users on an i7-9700k, the compression time has been reduced from 16.2 seconds to 3.05 seconds, achieving a 5.4 times speed boost... The release supports lesser-known architectures such as LoongArch, RISC-V, and others, ensuring LZ4's portability across various platforms. Read more of this story at Slashdot. (Comment on this)
5:35p	Ford Stocks Drops 20% After $1.1 Billion Loss on EV Business Ford's stock dropped 20% this week — mostly falling off the cliff Wednesday after failing to meet Wall Street's expectations for its quarterly profits, according to MarketWatch — and notching "another billion-dollar loss on EVs." "The remaking of Ford is not without its growing pains," Ford Chief Executive Jim Farley said on a call with investors after the results. "We look forward to proving our EV strategy out. That has become more realistic and sharpened by the tough environment." Ford is "confident" it can reduce losses and sustain a profitable business in the future, he added. The car maker plans to focus on "very differentiated" EVs priced under $40,000 and $30,000, and on two segments, work and adventure, Farley said. Larger EVs will be part of the picture, but success there will require more breakthroughs on costs, the CEO said, adding that Ford's EV journey overall has been "humbling...." The results included an EBIT loss of $1.1 billion for Ford's EV segment, "amid ongoing industrywide pricing pressure on first-generation electric vehicles and lower wholesales," the car maker said... Ford kept its expectations that the EV business will lose between $5.0 billion and $5.5 billion for the year, "with continued pricing pressure and investments in next-generation electric vehicles," it said. Ford's CEO went on to say that their company is totally open to partnerships for electric vehicles, according to the article. "This is absolutely a flip-the-script moment for our company." Thanks to long-time Slashdot reader sinij for sharing the news. Read more of this story at Slashdot. (Comment on this)
5:35p	Ford's Stock Drops 20% After $1.1 Billion Loss on EV Business Ford's stock dropped 20% this week — mostly falling off the cliff Wednesday after failing to meet Wall Street's expectations for its quarterly profits, according to MarketWatch — and notching "another billion-dollar loss on EVs." "The remaking of Ford is not without its growing pains," Ford Chief Executive Jim Farley said on a call with investors after the results. "We look forward to proving our EV strategy out. That has become more realistic and sharpened by the tough environment." Ford is "confident" it can reduce losses and sustain a profitable business in the future, he added. The car maker plans to focus on "very differentiated" EVs priced under $40,000 and $30,000, and on two segments, work and adventure, Farley said. Larger EVs will be part of the picture, but success there will require more breakthroughs on costs, the CEO said, adding that Ford's EV journey overall has been "humbling...." The results included an EBIT loss of $1.1 billion for Ford's EV segment, "amid ongoing industrywide pricing pressure on first-generation electric vehicles and lower wholesales," the car maker said... Ford kept its expectations that the EV business will lose between $5.0 billion and $5.5 billion for the year, "with continued pricing pressure and investments in next-generation electric vehicles," it said. Ford's CEO went on to say that their company is totally open to partnerships for electric vehicles, according to the article. "This is absolutely a flip-the-script moment for our company." Thanks to long-time Slashdot reader sinij for sharing the news. Read more of this story at Slashdot. (Comment on this)

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