Circle, the issuer of the USDC stablecoin, has filed for an IPO aiming for a $5 billion valuation. It marks the company's second attempt at going public amid renewed momentum in the crypto sector and signs of recovery in tech IPO markets. CNBC reports: A prior merger with a special purpose acquisition company (SPAC) collapsed in late 2022 amid regulatory challenges. Since then, Circle has made strategic moves to position... Read more ›
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MoffettNathanson has crowned YouTube the "New King of All Media" as the Alphabet-owned video platform has become a major force in Hollywood, dominating time spent watching TV. From a report: The firm estimates that YouTube as a standalone business could be worth as much as $550 billion -- or nearly 30% of the tech giant's current valuation. The figure is based on the firm's analysis of enterprise value as a... Read more ›
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Mozilla plans to introduce a suite of paid professional services for its open-source Thunderbird email client, transforming the application into a comprehensive communication platform. Dubbed "Thunderbird Pro," the package aims to compete with established ecosystems like Gmail and Office 365 while maintaining Mozilla's commitment to open-source software. The Pro tier will include four core services: Thunderbird Appointment for streamlined scheduling, Thunderbird Send for file sharing (reviving the discont Read more ›
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An anonymous reader quotes a report from The Guardian: A professional YouTuber in Queensland has been ordered to pay $350,000 plus interest and costs to the former world record score holder for Donkey Kong, after the Brisbane district court found the YouTuber had defamed him "recklessly" with false claims of a link between a lawsuit and another YouTuber's suicide. William "Billy" Mitchell, an American gamer who had held world records... Read more ›
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The FTC has warned that any buyer of 23andMe must honor the company's current privacy policy, which ensures consumers retain control over their genetic data and can delete it at will. FTC Chair Andrew Ferguson emphasized that such promises must be upheld, given the uniquely sensitive and immutable nature of genetic information. The Record reports: The letter, sent to the DOJ's United States Trustee Program, highlights several assurances 23andMe makes... Read more ›
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A federal judge struck down Arkansas' Social Media Safety Act, ruling it unconstitutional for broadly restricting both adult and minor speech and imposing vague requirements on platforms. Engadget reports: In a ruling (PDF), Judge Timothy Brooks said that the law, known as Act 689 (PDF), was overly broad. "Act 689 is a content-based restriction on speech, and it is not targeted to address the harms the State has identified," Brooks... Read more ›
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An anonymous reader quotes a report from Ars Technica: What does it take to get OpenAI and Anthropic -- two competitors in the AI assistant market -- to get along? Despite a fundamental difference in direction that led Anthropic's founders to quit OpenAI in 2020 and later create the Claude AI assistant, a shared technical hurdle has now brought them together: How to easily connect their AI models to external... Read more ›
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With America's national debt sitting comfortably over the $36.2 trillion mark, BlackRock CEO Larry Fink is warning the burden could one day be the reason the dollar is dethroned as the reserve currency of the world. From a report: He argues that decentralized currencies like Bitcoin could replace the dollar as worldwide organizations lose faith in national currencies and seek an independent solution. Fink explained his theory in his 2025... Read more ›
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Google's AI arm DeepMind has been holding back the release of its world-renowned research, as it seeks to retain a competitive edge in the race to dominate the burgeoning AI industry. From a report: The group, led by Nobel Prize-winner Sir Demis Hassabis, has introduced a tougher vetting process and more bureaucracy that made it harder to publish studies about its work on AI, according to seven current and former... Read more ›
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Credit card interest rates, which averaged 23% in 2023, are significantly higher than any other major loan product primarily due to non-diversifiable default risk and banks' market power, according to research published by the Federal Reserve Bank of New York. The comprehensive study, which analyzed 330 million monthly credit card accounts, found that while high default losses contribute to elevated rates, they explain only part of the picture. Even high-FICO... Read more ›
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London's mayor has axed a cyber crime helpline for the victims of online abuse, triggering a backlash from campaigners who argue that women and girls will be left struggling to access vital support. From a report: The service, which was shut down on Tuesday, assisted victims of fraud, revenge porn and cyberstalking to protect their digital identity. During its 18-months of operation it led to 2,060 cases being opened. The... Read more ›
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Google is rolling out a new encryption model for Gmail that allows enterprise users to send encrypted messages without requiring recipients to use custom software or exchange encryption certificates. The feature, launching in beta today, initially supports encrypted emails within the same organization, with plans to expand to all Gmail inboxes "in the coming weeks" and third-party email providers "later this year." Unlike Gmail's current S/MIME-based encryption, the new system... Read more ›
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Economic models have systematically underestimated how global heating will affect people's wealth, according to a new study that finds 4C warming will make the average person 40% poorer -- an almost four-fold increase on some estimates. The Guardian: The study by Australian scientists suggests average per person GDP across the globe will be reduced by 16% even if warming is kept to 2C above pre-industrial levels. This is a much... Read more ›
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An anonymous reader quotes a report from Reuters: China's Xiaomi said on Tuesday that it was actively cooperating with police after a fatal accident involving a SU7 electric vehicle on March 29 and that it had handed over driving and system data. The incident marks the first major accident involving the SU7 sedan, which Xiaomi launched in March last year and since December has outsold Tesla's Model 3 on a... Read more ›
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Britain's flagship AI agency will slash the number of projects it backs and prioritize work on defense, environment and health as it seeks to respond to technological advances and criticism of its record. From a report: The Alan Turing Institute -- named after the pioneering British computer scientist -- will shut or offload almost a quarter of its 101 current initiatives and is considering job cuts as part of a... Read more ›
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Anthropic said it will start sweeping physical offices for hidden devices as part of a ramped-up security effort as the AI race intensifies. From a report: The company, backed by Amazon and Google, published safety and security updates in a blog post on Monday, and said it also plans to establish an executive risk council and build an in-house security team. Anthropic closed its latest funding round earlier this month... Read more ›
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An anonymous reader quotes a report from Ars Technica: The first flight of Isar Aerospace's Spectrum rocket didn't last long on Sunday. The booster's nine engines switched off as the rocket cartwheeled upside-down and fell a short distance from its Arctic launch pad in Norway, punctuating the abbreviated test flight with a spectacular fiery crash into the sea. If officials at Isar Aerospace were able to pick the outcome of... Read more ›
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Software engineer Sergey Tselovalnikov weighs in on the new hype: The term caught on and Twitter quickly flooded with posts about how AI has radically transformed coding and will soon replace all software engineers. While AI undeniably impacts the way we write code, it hasn't fundamentally changed our role as engineers. Allow me to explain. [...] Vibe coding is interacting with the codebase via prompts. As the implementation is hidden... Read more ›
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Intel Chief Executive Officer Lip-Bu Tan said the chipmaker will spin off assets that aren't central to its mission and create new products including custom semiconductors to try to better align itself with customers. From a report: Intel needs to replace the engineering talent it has lost, improve its balance sheet and better attune manufacturing processes to meet the needs of potential customers, Tan said. Speaking at his first public... Read more ›
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Bruce66423 shares a report from the BBC: A former GCHQ intern has admitted risking national security by taking top secret data home with him on his mobile phone. Hasaan Arshad, 25, pleaded guilty to an offence under the Computer Misuse Act on what would have been the first day of his trial at the Old Bailey in London. The charge related to committing an unauthorised act which risked damaging national... Read more ›
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26.06.2026 03:43
Last update: 03:30 EDT.
News rating updated: 10:31.
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