Apple to Announce 'iCloud' services, Officially Today

Let the conjecture and ardent bit-champing come to a close: Apple issued a press release this morning confirming the debut of its much-talked about cloud service will take place at the keynote for the annual World Wide Developers Conference next Monday at 10 AM. The service has officially been dubbed "iCloud" (Applebought that domain for $4.5 million in April) and is opaquely described in the press release as "Apple’s upcoming cloud services offering."

Steve Jobs will ignore his medical leave, just lke he did for the iPad 2 unveiling, to do the honors. OSX Lion and iOS 5 will also make their debuts. Conspicuously absent from the announced festivities? The iPhone 5: further confirming speculation that the new iPhone won't be released this summer as it has in years past. Too bad. Full text below.

Apple to Unveil Next Generation Software at Keynote Address on Monday, June 6 CUPERTINO, California—May 31, 2011—Apple®

CEO Steve Jobs and a team of Apple executives will kick off the company’s annual Worldwide Developers Conference (WWDC) with a keynote address on Monday, June 6 at 10:00 a.m. At the keynote, Apple will unveil its next generation software – Lion, the eighth major release of Mac OS® X; iOS 5, the next version of Apple’s advanced mobile operating system which powers the iPad®, iPhone® and iPod touch®; and iCloud®, Apple’s upcoming cloud services offering.

WWDC will feature more than 100 technical sessions presented by Apple engineers. Mac® developers will see and learn how to develop world-class Mac OS X Lion applications using its latest technologies and capabilities. Mobile developers will be able to explore the latest innovations and capabilities of iOS and learn how to greatly enhance the functionality, performance and design of their apps. All developers can bring their code to the labs and work with Apple engineers. For more details, visit the Apple Worldwide Developers Conference 2011 website at developer.apple.com/wwdc.

Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and has recently introduced iPad 2 which is defining the future of mobile media and computing devices.

Stay tuned right here for full coverage!

synthetic brain cell Created

The USC Viterbi School of Engineering team was led by Professors Alice Parker and Chongwu Zhou. Parker has been looking into the feasibility of creating a synthetic brain for the past five years, as part of the BioRC Biomimetic Real-Time Cortex project.

They Say

"It's probably still going to be a while before autonomous, self-aware androids are wandering amongst us. That scenario has come a little closer to reality, however, with researchers from the University of Southern California having created a functioning synapse circuit using carbon nanotubes. An artificial version of the connections that allow electrical impulses to pass between neurons in our brains, the circuit could someday be one component of a synthetic brain.

Kingston Wi-Drive:A Wireless SSD that expands your ipad memory

Another cool and innovative product  from Kingston .Need a little more wiggle room for media on your iPad? Want to share a movie to your girlfriend on her iPhone while you simultaneously watch the same movie on your iPad in the other room? Kingston’s Wi-Drive has you covered, but some serious drawbacks make this a hard recommendation to make.

Like the Seagate GoFlex Satellite, the Wi-Drive is an external drive that allows you to upgrade your iPhone or iPad’s internal storage with an external, WiFi equipped drive.
When we originally wrote about the GoFlex Satellite, we complained about its price: $200 for 500GB of space. We’re rethinking our frugality, though, because the Wi-Drive costs $130 for just 16GB of SSD storage, or $175 for 32GB.
What the Wi-Drive has as an advantage over the GoFlex Satellite is it can stream multiple files to multiple connected iOS devices at the same time. That’s a nice perk, made possible by Kingston’s decision to use an SSD instead of a spinning physical drive, but how often are you really going to use that functionality?
Otherwise, the feature set looks good: the Wi-Drive can stream 720p video, music and other media to your devices through a dedicated iOS app. It’s hard to look at that price, though, and want to add this to your next Apple store shopping list.

Google Wallet

Internet Search Gaint unveiled its new product Google wallet.Google wallet is going to be a brand new online payment system much like paypal. If I know Google, this is going to be a great option for the average web surfer to easily buy products online.

Not only will the web surfer benefit, so will the online merchants who accept Google wallet payments. Even the online auction houses will benefit by providing their members an alternative to the monopolizing paypal payment system. Will this help open the door to online micro payments? Probably.

With the volcanic increase in the online business the need for a simple transaction system was long felt. Though there was a powerful system to provide that- Paypal - it was felt that more competitors should join this fray and improve the facilities. 
The products launched by Google are very popular, robust in design, and have cutting-edge technology base. Online businessmen and women are looking forward for this product as a major breakthrough, which can solve many business transaction problems for them.

Google Wallet will be launched by Google to provide online transactions like E-Bay owned Paypal. But Google's CEO Eric Schmidt has stated that it is not just another Paypal system-it will be different. A good statement indeed!

Paypal till now has been the best, cheapest, and the most secure digital method to transact the funds electronically. Paypal services allow consumers-which range from more that 40 countries and there are more than 70 million accounts registered with Paypal-to pay for purchases directly on Web sites by funding electronic-payment accounts from their credit cards or bank checking accounts.

Google Wallet is expected to provide its users with a major new chunk of extra revenue money, which comes from the saved fees Google is now paying to banks and delivery services to distribute its payments to advertisers and publishers. Also the commission fees that Google will leverage from individual transactions will add to the total revenue. 
It seems that the major benefits of this service will be outstanding. Google accepts credit card payment for some of its services including advertisement and ad publishing. With this new facility for the users, Google will create a whole New World that would involve Google, its users, and no third party! It is clear that Google's publishing and advertising business benefit with this new service. Also giving the rival Paypal a run for it's money and setting a more fair battleground in the online transaction arena.

Apart from revenue building, the Google Wallet may also provide the strategic marketing and business information related to how its present advertising customers would be spending their money. However, it is a very significant point to notice that Google has disclosed no official details as how and when Google Wallet will start functioning.

E-Bay's Paypal service generated $233.1 million, or 23%, of E-Bay's total revenue in the first quarter. The security provided by PayPal is awesome and merchants all over the globe have almost blind faith in dealing with Paypal. But with Google coming into fray, it is obvious and clear that the users of Paypal will decrease, for, Google is not a new name in the online marketing world, and everyone knows the potentialities of the Google products! So it is clear indication of the possible threat for Paypal in its users and its revenue.