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On Saturday, a giant 3-kilometre fissure opened up in the ground on the Reykjanes Peninsula in Iceland, sending a river of molten lava flowing across the landscape. The eruption is the fourth and largest to hit the region since December. It has forced some 3,800 residents from the nearby town of Grindavik to evacuate. Many have said they have no plans to return. Another view of when the #eruption started a short while ago in #Iceland. The ground just opens up and boom! Just amazing!!! 🤩 Speed X20 pic.twitte
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An East Bay apartment complex has been bought at a price that's well below its prior value. Read more ›
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A PG&E Corp. unit has bought a San Jose building in a move to bolster the utility's South Bay operations. Read more ›
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Summary: The White House OSTP released a policy memo accusing China of “industrial-scale” distillation of US AI models, committing to share intelligence with US AI companies and explore accountability measures. OpenAI accused DeepSeek of distilling its models in February; Anthropic named DeepSeek, MiniMax, and Moonshot AI as having created 24,000 fraudulent accounts generating 16+ million […] This story continues at The Next Web Read more ›
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Summary: SoftBank is seeking a $10 billion margin loan backed by its OpenAI shares at SOFR + 425 basis points (~7.88%), a two-year term with one-year extension. The loan sits atop a $40 billion bridge loan from March and brings SoftBank’s total OpenAI commitment to ~$64.6 billion for a ~13% stake. At OpenAI’s $852 billion […] This story continues at The Next Web Read more ›
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Summary: Meta is cutting approximately 8,000 employees (10% of its workforce) beginning 20 May, cancelling 6,000 open roles, and planning additional cuts for H2 2026. The layoffs, announced via an internal memo from HR head Janelle Gale, are structural rather than performance-based, reorganising teams into AI-focused “pods” while Meta spends $115-135 billion on AI infrastructure […] This story continues at The Next Web Read more ›
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30.04.2026 13:06
Last update: 13:00 EDT.
News rating updated: 20:03.
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