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May 12, 2017

MGT Enters a Joint Venture with Nordic IT to Develop and Market Secure Mobile Phone

DURHAM, N.C., May 5, 2017 /PRNewswire/ — MGT Capital Investments, Inc. (OTC: MGTI) announced today that it has entered into a joint venture partnership with Nordic IT Sourcing Association Venture Partners to develop and market the world’s most secure mobile phone. The partnership agreement specifies an initial 50-50 equity split, prior to expected third party investment (however, there can be no assurance of such investment). The joint venture is called JMPP Oy and will be domiciled in Helsinki, Finland. MGT is responsible for designing, engineering and testing a state of the art cell phone with privacy features that stay one step ahead of hackers and eavesdroppers. [...]

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May 3, 2017

JOHN MCAFEE ON THE PRIVACY PHONE: WHY AND HOW

We live in an age of self-delusion when it comes to our smart phones. They remind us of our appointments, remember the phone numbers of our contacts, and locate restaurants. They universally facilitate what used to be the boring or tedious aspects of our lives. As a result, we subconsciously turn our attention away from anything that might cause us voluntarily to restrict the use of these devices.

As a result, the ill-intentioned members of society have taken advantage of this situation to a degree that threatens the very survival if our way of life.

The level of self-delusion is astonishing. Variety Magazine, at the end of 2016 published a story about a grad student [...]

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May 1, 2017

JOHN MCAFEE: WHAT IF ARTIFICIAL INTELLIGENCE HACKS ITSELF?

On March 9, 2017, ZT, an underground technologist and writer, read his upcoming novella: Architects of the Apocalypse, to a group of his adherents in the basement of an abandoned bar in Nashville, Tennessee. The occasion was the Third Annual Meltdown Congress—an underground, invitation-only organization dedicated to the survival of the human species in the face of near certain digital annihilation.

I was present, along with three of my compatriots, plus about 30 gray hat hackers (hackers or cybersecurity experts without malicious intent) who represent the cream of the American hacking community.

ZT’s novella takes place in the not-too-distant future. It chronicles an [...]

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March 15, 2017

MGT Signs Letter of Intent to Develop Privacy Mobile Phone

DURHAM, N.C., March 14, 2017 /PRNewswire/ — MGT Capital Investments, Inc. (OTC: MGTI) announced today that it has signed a non-binding letter of intent with Nordic IT Sourcing Association to develop a truly secure mobile phone. The letter of intent is expected to lead to a definitive contract whereby MGT would be responsible for designing, testing and assembling a state of the art cell phone with privacy features that stay one step ahead of hackers and eavesdroppers. The base phone will be procured as an OEM model using the Android operating system, and then modified using the skills of MGT’s cybersecurity team. The definitive agreement will be predicated on minimum [...]

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