Britain's net public debt has climbed from 35% of GDP in 2005 to 95% today. The government is borrowing over 4% of GDP annually despite no emergency comparable to the financial crisis or pandemic that drove much of the earlier increase. The belt-tightening needed to stabilize debt levels amounts to about 2% of GDP. The Labour government holds a 157-seat majority in Parliament and has four years until the next... Read more ›
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Microsoft has announced that Xbox Game Pass Ultimate will cost $29.99 per month, up from $19.99. The company restructured its subscription service into three tiers ahead of the October 16 launch of two Xbox ROG Ally handheld consoles. The new Essential tier offers 50-plus games for $9.99 monthly. Premium includes 200-plus games for $14.99. Ultimate subscribers gain access to more than 400 games, day-one releases, improved cloud streaming quality, and... Read more ›
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Microsoft is promoting Judson Althoff, currently executive vice president and chief commercial officer at Microsoft, to a new role as CEO of its commercial business. From a report: It's the latest shakeup inside the company, as Microsoft navigates what CEO Satya Nadella calls a "tectonic AI platform shift." It's also a move that will allow Nadella to focus on more technical work at Microsoft, while still remaining overall CEO. In... Read more ›
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An anonymous reader shares a report: Immigration anxieties and a challenging job market have sparked an online backlash over China's latest attempt at attracting global talent -- a new visa program announced in August. The program, which was rolled out on Wednesday with the aim of attracting foreign professionals, will also test how China balances its immigration policy with its pursuit of technological ambitions. Under the new rules, young graduates... Read more ›
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In India, Bollywood stars are asking judges to protect their voice and persona in the era of AI. From a report: One famous couple's biggest target is Google's YouTube. Abhishek Bachchan and his wife Aishwarya Rai Bachchan, known for her iconic Cannes Film Festival red carpet appearances, have asked a judge to remove and prohibit creation of AI videos infringing their intellectual property rights. But in a more far-reaching request,... Read more ›
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The mass adoption of ChatGPT is yet to have a big disruptive impact on US jobs, contradicting claims by chief executives and tech bosses that AI is already upending labour markets. Financial Times: Research from economists at the Yale University Budget Lab and the Brookings Institution think-tank indicates that, since OpenAI launched its popular chatbot in November 2022, generative AI has not had a more dramatic effect on employment than... Read more ›
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An anonymous reader quotes a report from CNBC: Lufthansa announced plans to cut 4,000 roles on Monday as it aims to increase profitability and lean on AI to drive efficiency. The airline group said it will eliminate a total of 4,000 FTE, or full-time equivalent, roles worldwide by 2030. The company is targeting primarily admin roles, the majority of which will be affected at its home base in Germany, as... Read more ›
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alternative_right shares a report from Phys.org: For the first time, a new study has tested the effectiveness of trigger warnings in real life scenarios, revealing that the vast majority of young adults choose to ignore them. A new Flinders University study has found that nearly 90% of young people who saw a trigger warning still chose to view the content, saying that they did so out of curiosity, rather than... Read more ›
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Independent UK bookshops will now be able to sell ebooks via a new platform (Bookshop.org's expansion), keeping 100% of profits and offering a non-Amazon way to reach digital readers. "Bookshops now have an additional tool in their fight against Amazon," said Nicole Vanderbilt, managing director of Bookshop.org UK. "Digital readers don't depend on Amazon's monopoly any more, now that they can find ebooks at the same price on Bookshop.org." The... Read more ›
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An anonymous reader quotes a report from the BBC: US scientists have, for the first time, made early-stage human embryos by manipulating DNA taken from people's skin cells and then fertilizing it with sperm. The technique could overcome infertility due to old age or disease, by using almost any cell in the body as the starting point for life. It could even allow same-sex couples to have a genetically related... Read more ›
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Charlie Javice, founder of college financial-aid startup Frank, was sentenced to over seven years in prison for defrauding JPMorgan by inflating user numbers before the bank's $175 million acquisition. CNN reports: Javice, 33, was convicted in March of duping the banking giant when it bought her company, called Frank, in the summer of 2021. She made false records that made it seem like Frank had over 4 million customers when... Read more ›
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Spotify founder Daniel Ek will step down as CEO by year's end, transitioning to executive chairman after nearly two decades at the helm. In his place will be Gustav Soderstrom and Alex Norstrom as co-CEOs. TechCrunch reports: "Over the last few years, I've turned over a large part of the day-to-day management and strategic direction of Spotify to Alex and Gustav -- who have shaped the company from our earliest... Read more ›
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Amazon is replacing Android on new Fire TV hardware with its own Vega OS, debuting on the Fire TV Stick 4K Select. While major streaming apps are supported, sideloading is gone "because, well, this isn't Android anymore," notes 9to5Google. The company says "only apps from the Amazon Appstore are available for download." From the report: The company hasn't fully detailed all of the ins and outs of Vega, but Amazon... Read more ›
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An anonymous reader quotes a report from the BBC: A Chinese national has been convicted following an international fraud investigation which resulted in what's believed to be the single largest cryptocurrency seizure in the world. The Metropolitan Police says it recovered 61,000 bitcoin worth more than $6.7 billion in current prices. Zhimin Qian, also known as Yadi Zhang, pleaded guilty on Monday at Southwark Crown Court of illegally acquiring and... Read more ›
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Alongside its updated Sora 2 AI video generator, OpenAI has launched an iPhone-only social app called Sora that lets users consent to have friends create deepfake-style cameos of them. The invite-only app works a lot like TikTok with short remixable videos but enforces restrictions on public figures and explicit content. The Verge reports: In a briefing with reporters on Monday, employees called it the potential "ChatGPT moment for video generation."... Read more ›
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Starting in November, Venmo and PayPal users will finally be able to send money directly to each other, ending years of workarounds despite Venmo being owned by PayPal. TechCrunch reports: This change means that PayPal users will now be able to find Venmo users by inputting their phone numbers, and later, their email addresses. If you don't want PayPal users to be able to find you, you can update your... Read more ›
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An anonymous reader quotes a report from Reuters: The U.S. Federal Communications Commission voted on Tuesday to consider whether to lift the long-standing prohibition on a merger between any of the largest four broadcast networks and to consider relaxing other media ownership rules. The FCC said it would consider public comments before deciding whether to reverse the rule that bars a merger among the "Big Four" networks: NBC, owned by... Read more ›
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Microsoft began rolling out Windows 11 version 25H2 today, delivering the annual update as a compact enablement package to users who enable the "get the latest updates as soon as they're available" toggle in Windows Update. The company tested the release in its Windows Insider Release Preview ring during the previous month before the broader rollout.Version 25H2 shares its code base and servicing branch with the existing 24H2 release. Both... Read more ›
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Imgur, a popular image hosting platform with more than 130 million users, has stopped being available in the UK after regulators signalled their intention to impose penalties over concerns around children's data. From a report: The Information Commissioner's Office (ICO) said that it has reached provisional findings in an investigation in the parent company of image hosting site, Imgur. Its probe was launched earlier this year, as part of the... Read more ›
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Chinese hackers breached email servers of foreign ministers as part of a years-long effort targeting the communications of diplomats around the world, according to researchers at the cybersecurity firm Palo Alto Networks. From a report: Attackers accessed Microsoft Exchange email servers, gaining the ability to search for information at some foreign ministries, said the team at Unit 42, the threat intelligence division of Palo Alto Networks, which has been tracking... Read more ›
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19.05.2026 09:57
Last update: 09:50 EDT.
News rating updated: 16:51.
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