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Peter Thiel and His Goons Are Launching Their Own Bank (Yes, It has a Tolkien-Inspired Name)

gizmodo.com Lucas Ropek 2025-08-24 07:35:39

Silicon Valley Bank’s collapse in 2023 left a hole in the tech industry. For years, the bank poured money into the Bay Area’s riskier startups, allowing those companies to pursue their various “disruptive” aims. Eventually, mismanagement led that business model to collapse. Now, billionaire Palantir founder Peter Thiel and several of his pals want to fill the void left by SVB by launching their own bank dedicated to backing the industry’s riskier bets. Multiple outlets have reported that the ne

Topics: bank companies founder like thiel

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Xbox Hit With Layoffs and Game Cancellations as Microsoft Cuts 9,000 Jobs

wired.com Megan Farokhmanesh 2025-08-24 10:33:29

Major layoffs are rolling across Microsoft today, impacting game developers within Xbox across several studios and the projects they’re working on, even as an executive at the company told staff more gamers are playing Xbox than ever before. According to The Seattle Times, 9,000 employees, or 4 percent of Microsoft’s workforce, are affected by the cuts, which started Wednesday morning. The full scope of layoffs within Microsoft’s gaming divisions are still unknown. “We continue to implement or

Topics: company game gaming layoffs microsoft

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US judge rules Huawei must answer criminal charges about alleged Iran deal

engadget.com Unknown 2025-08-24 14:15:53

A US judge has ruled that Huawei must stand trial following a 16-count indictment from 2019 accusing the Chinese telecommunications company of trying to steal trade secrets from its US rivals and selling surveillance equipment to Iran despite trade sanctions, according to a report by Reuters . A trial is currently set for May 4, 2026. US District Judge Ann Donnelly found sufficient evidence in the indictment to refute the company's bid for dismissal. In a 52-page decision, the Brooklyn judge ru

Topics: alleged company huawei indictment iran

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Spain arrests hackers who targeted politicians and journalists

bleepingcomputer.com Unknown 2025-08-24 15:30:05

The Spanish police have arrested two individuals in the province of Las Palmas for their alleged involvement in cybercriminal activity, including data theft from the country's government. The duo has been described as a "serious threat to national security" and focused their attacks on high-ranking state officials as well as journalists. They leaked samples of the stolen data online to build notoriety and inflate the selling price. "The investigation began when agents detected the leakage of p

Topics: arrested believed data police spanish

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Xbox Hit With Layoffs and Game Cancelations as Microsoft Cuts 9,000 Jobs

wired.com Megan Farokhmanesh 2025-08-24 15:33:29

Major layoffs are rolling across Microsoft today, impacting game developers within Xbox across several studios and the projects they’re working on, even as an executive at the company told staff more gamers are playing Xbox than ever before. According to The Seattle Times, 9,000 employees, or 4 percent of Microsoft’s workforce, are affected by the cuts, which started Wednesday morning. The full scope of layoffs within Microsoft’s gaming divisions are still unknown. “We continue to implement or

Topics: company game gaming layoffs microsoft

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Tesla Gets Dismal Sales News After Disastrous Robotaxi Launch

futurism.com Unknown 2025-08-24 23:07:51

Tesla has posted its second quarter delivery numbers — and they're not looking good. As the New York Times reports, the company reported it had delivered just 384,000 vehicles between April and June, a massive drop from 444,000 vehicles over the same period last year. Meanwhile, CEO Elon Musk has focused his carmaker's resources on developing a robotaxi network of fully autonomous vehicles. However, given a disastrous launch filled with near-collisions, bizarre driving behavior, and human "saf

Topics: autonomous company launch percent tesla

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Are portable solar panels legit? I saved $30 a month with these (and they're $200 off)

zdnet.com Maria Diaz 2025-08-24 23:06:13

ZDNET's key takeaways The EcoFlow 125W bifacial solar panels cost $899 for a four-pack. They're portable panels that you can take with you or set up temporarily without construction, with easy setup, and lightweight construction Though portable, these bifacial solar panels feel very fragile, so they must be weighed down if conditions are windy; their low 125W input also limits their capacity. $699 at Amazon The EcoFlow 4pcs 125W Solar Panels are now 22% off, a discount of $200 on Amazon. I s

Topics: ecoflow panels portable power solar

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Tesla deliveries drop 14 percent amid Musk backlash

engadget.com Unknown 2025-08-25 03:16:39

Tesla says it delivered 384,122 electric vehicles in the April-June timeframe, which is a 14 percent drop compared with the same period in 2024. It's also the second quarter in a row that sales have fallen year-over-year (YoY). The company produced 410,244 vehicles in Q2, which is very close to the 410,831 it made during the equivalent period last year. However, the company delivered more vehicles (443,956) than it produced in Q2 2024. That's not the case this time. The number of vehicle delive

Topics: 2024 company government musk tesla

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Microsoft gaming division suffers further layoffs

engadget.com Unknown 2025-08-25 03:24:30

Last week, it was rumored that Microsoft was getting ready for a major round of layoffs within the Xbox team. Bloomberg is now reporting that employees in the company’s gaming division were informed of job cuts Wednesday morning. The PC giant has been on a cost-cutting mission lately, announcing it would let go of 3 percent of its global workforce earlier this summer, and announcing a further 9,000 job cuts on Wednesday. According to Bloomberg , Microsoft’s Stockholm-based King division, famous

Topics: company division game gaming microsoft

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Microsoft laying off about 9,000 employees in latest round of cuts

cnbc.com Jordan Novet 2025-08-25 07:33:38

Microsoft said Wednesday that it will lay off about 9,000 employees. The move will affect less than 4% of its global workforce across different teams, geographies and levels of experience, a person familiar with the matter told CNBC. The announcement comes on the second day of Microsoft's 2026 fiscal year. Executives at the Redmond, Washington-based company typically unveil reorganizations at the time of the new fiscal year. "We continue to implement organizational changes necessary to best po

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Apple's AI Research Has Failed So Spectacularly That It's Considering Just Letting OpenAI Power Siri

futurism.com Unknown 2025-08-25 07:11:14

For the past few months, Apple has been mired in a tangled legal web of its own making. When the tech giant released the iPhone 16 back in September of 2024, it promised customers a suite of shiny new "Apple Intelligence" features, which would "roll out later this year and in the months following." At the crux of the sales pitch was a commitment to release an AI-powered version of Siri — in other words, a large language model (LLM) upgrade to Siri's ancient algorithm — which the company said co

Topics: ai apple company siri tech

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Bright Data beat Elon Musk and Meta in court — now its $100M AI platform is taking on Big Tech

venturebeat.com Michael Nuñez 2025-08-25 07:00:00

Join the event trusted by enterprise leaders for nearly two decades. VB Transform brings together the people building real enterprise AI strategy. Learn more Bright Data, the Israeli web scraping company that defeated both Meta and Elon Musk’s X in federal court, unveiled a comprehensive AI infrastructure suite Wednesday designed to give artificial intelligence systems unfettered access to real-time web data — a capability the company argues Big Tech platforms are trying to monopolize. The ann

Topics: ai company data lenchner web

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Cloudflare Introduces Default Blocking of A.I. Data Scrapers

news.ycombinator.com Natallie Rocha 2025-08-25 07:28:56

Cloudflare, a tech company that helps websites secure and manage their internet traffic, said on Tuesday that it had rolled out a new permission-based setting that allows customers to automatically block artificial intelligence companies from collecting their digital data, a move that has implications for publishers and the race to build A.I. With Cloudflare’s new setting, websites can block — by default — online bots that scrape their data, requiring the website owner to grant access for a bot

Topics: cloudflare company content internet said

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Tesla reports 14 percent drop in second-quarter vehicle deliveries

theverge.com Andrew Hawkins 2025-08-25 07:21:48

Tesla sales hit a new low, with the company reporting a 14 percent drop in second-quarter vehicle deliveries compared to a year ago. The company said that it produced a total of 410,244 vehicles between April–June of this year, including 396,835 Model 3 and Model Y vehicles, as well as 13,409 “other vehicles” like the Model S, Model X, and Cybertruck. That represents a minor 0.1 percent drop compared to the second quarter of 2024, when the company produced 410,831 vehicles. Tesla also said tha

Topics: company sales tesla vehicles year

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Tesla faces second straight year of falling sales after another bad quarter

techcrunch.com Sean O'Kane 2025-08-25 07:14:13

Tesla delivered 384,122 vehicles in the second quarter of this year, wrapping up another weak quarter for the company as it struggles to bring the pace of sales back up to 2023 levels. That represents a 13.5% drop from the number of cars Tesla delivered in the second quarter of 2022, and it means Tesla runs a real chance of underperforming its total sales figure from 2024. If that happens, it would mean Tesla’s sales will have fallen two years in a row — despite the company once promoting the a

Topics: company quarter sales tesla year

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Microsoft will lay off 9,000 employees, or less than 4% of the company

techcrunch.com Amanda Silberling 2025-08-25 07:40:04

In Brief Microsoft is planning to lay off 9,000 employees, impacting less than 4% of its global workforce, according to a report by CNBC. Microsoft continues to beat expectations in its quarterly earnings; in its most recent report, the company grew its net income by 18% year over year, amounting to a total of $25.8 billion. However, the company has continued to reduce its headcount — this is one of many rounds of layoffs to have already occurred this year. Microsoft has said that these cuts

Topics: amazon company microsoft report year

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iPhone Fold reportedly on track for potential launch next year, as prototypes tested

9to5mac.com Ben Lovejoy 2025-08-25 11:51:23

The long-rumored iPhone Fold – the colloquial term used for the company’s unannounced folding iPhone – is reported to be on schedule for a potential launch in the second half of next year. The device is said to have reached the Prototype 1 (P1) stage last month, which is the first point at which the company creates fully-functional devices … Apple generally starts physical work on a new product with a series of mockups that eventually evolve into realistic dummy models which replicate the look

Topics: apple company iphone prototype stage

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Grok 4 spotted ahead of launch with special coding features

bleepingcomputer.com Unknown 2025-08-25 11:22:34

Elon Musk-funded xAI is skipping Grok 3.5 and releasing Grok 4 after Independence Day in the United States, and it could be the best model from the company. Grok 3.5 was originally supposed to be a huge leap from the previous models, but xAI later made several changes to the training model, and that warranted a new version. As spotted by testers on X and confirmed independently by BleepingComputer, xAI Console, which allows developers to access the Grok API, now has references to Grok 4 availa

Topics: code company grok model xai

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Cloudflare just changed the internet, and it's bad news for the AI giants

zdnet.com Steven Vaughan-Nichols 2025-08-25 11:23:00

iStock / Getty Images Plus The major internet Content Delivery Network (CDN), Cloudflare, has declared war on AI companies. Starting July 1, Cloudflare now blocks by default AI web crawlers accessing content from your websites without permission or compensation. The change addresses a real problem. My own small site, where I track all my stories, Practical Technology, has been slowed dramatically at times by AI crawlers. It's not just me. Numerous website owners have reported that AI crawlers,

Topics: ai cloudflare companies content crawlers

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Amazon Reaches Automation Milestone by Deploying Its Millionth Robot

cnet.com See Full Bio 2025-08-26 06:48:00

Amazon's fleet of warehouse robots just hit a new milestone. The company announced Monday that it deployed its millionth bot to begin operations at a fulfillment center in Japan. Amazon's ambitions for robot use have long surpassed the company utilizing them for delivery service. The business juggernaut is the world's leading manufacturer of mobile robotics, and aims to sell them to you for use at home as well -- if you have $1,600 to spare. The robotic workers operate in over 300 Amazon wareh

Topics: amazon company delivery robots workers

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Figma moves closer to a blockbuster IPO that could raise $1.5B

techcrunch.com Julie Bort 2025-08-26 07:55:34

Figma publicly shared its financials Tuesday, inching the design software company closer to an IPO. And while this initial S-1 is missing details such as number of shares to be offered and what price, the regulatory filing provides the clearest view yet of its financial health — and potential. IPO experts Renaissance Capital estimate that Figma could raise up to $1.5 billion in this offering. If it does meet or exceed that, Figma’s IPO will match or beat CoreWeave’s, which raised $1.5 billion a

Topics: ai company figma million shares

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Figma files for IPO on NYSE, plans to 'take big swings' with acquisitions

cnbc.com Jordan Novet 2025-08-26 11:59:42

Dylan Field, co-founder and CEO of Figma, appears at the Bloomberg Technology Summit in San Francisco on May 9, 2024. Design software company Figma filed for an IPO on Tuesday, and plans to trade on the New York Stock Exchange under ticker symbol "FIG." The offering would be one of the hotly anticipated IPOs in recent years given Figma's growth rate and its high private market valuation. In late 2023, a $20 billion acquisition agreement with Adobe was scrapped due to regulatory concerns in the

Topics: company figma ipo million year

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Google promotes ‘AI Mode’ on home page 'Doodle'

cnbc.com Jennifer Elias 2025-08-26 11:50:09

Google CEO Sundar Pichai addresses the crowd during Google's annual I/O developers conference in Mountain View, California on May 20, 2025. The Google Doodle is Alphabet's most valuable piece of real estate, and on Tuesday, the company used that space to promote "AI Mode," its latest AI search product. Google's Chrome browser landing pages and Google's home page featured an animated image that, when clicked, leads users to AI Mode, the company's latest search product. The doodle image also inc

Topics: ai company doodle google makes

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Retail resurrection: David’s Bridal bets its future on AI after double bankruptcy

venturebeat.com James Thomason 2025-08-22 14:30:13

Join the event trusted by enterprise leaders for nearly two decades. VB Transform brings together the people building real enterprise AI strategy. Learn more Inside a new David’s Bridal store in Delray Beach, Florida, a bride-to-be carefully taps images on a 65-inch touchscreen, curating a vision board for her wedding. Behind the scenes, an AI system automatically analyzes her selections, building a knowledge graph that will match her with vendors, recommend products and generate a personalized

Topics: ai bal company vilk wedding

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Cloudflare declares war on AI crawlers - and the stakes couldn't be higher

zdnet.com Steven Vaughan-Nichols 2025-08-26 11:11:37

D-Keine/Getty The major Internet Content Delivery Network (CDN), Cloudflare, has declared war on AI companies. Starting July 1, Cloudflare now blocks by default AI web crawlers accessing content from your websites without permission or compensation. The change addresses a real problem. My own small site, where I track all my stories, Practical Technology, has been slowed dramatically at times by AI crawlers. It's not just me. Numerous website owners have reported that AI crawlers, such as Open

Topics: ai cloudflare companies content crawlers

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Google’s data center energy use doubled in 4 years

techcrunch.com Tim De Chant 2025-08-26 10:52:39

No wonder Google is desperate for more power: The company’s data centers more than doubled their electricity use in just four years. The eye-popping stat comes from Google’s most recent sustainability report, which it released late last week. In 2024, Google data centers used 30.8 million megawatt-hours of electricity. That’s up from 14.4 million megawatt-hours in 2020, the earliest year Google broke out data center consumption. Google has pledged to use only carbon-free sources of electricity

Topics: company data electricity google power

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Figma files for IPO on Nasdaq, plans to 'take big swings' with M&A

cnbc.com Jordan Novet 2025-08-26 15:57:53

Dylan Field, co-founder and CEO of Figma, appears at the Bloomberg Technology Summit in San Francisco on May 9, 2024. Design software company Figma filed for an IPO on Tuesday, and plans to trade on the New York Stock Exchange under ticker symbol FIG. The offering would be one of the hotly-anticipated IPOs in recent years given Figma's growth rate and its high private market valuation. In late 2023, a $20 billion acquisition agreement with Adobe was scrapped due to regulatory concerns in the U

Topics: company figma ipo million year

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Amazon deploys its 1 millionth robot, releases generative AI model

techcrunch.com Rebecca Szkutak 2025-08-26 13:01:36

After 13 years of deploying robots into its warehouses, Amazon reached a new milestone. The tech behemoth now has 1 million robots in its warehouses, the company announced Monday. This one millionth robot was recently delivered to an Amazon fulfillment facility in Japan. That figure puts Amazon on track to reach another landmark: Its vast network of warehouses may soon have the same number of robots working as people, according to reporting from The Wall Street Journal. The WSJ also reported t

Topics: amazon company model new robots

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Google’s data center energy use doubled in four years

techcrunch.com Tim De Chant 2025-08-26 15:52:39

No wonder Google is desperate for more power: the company’s data centers more than doubled their electricity use in just four years. The eye-popping stat comes from Google’s most recent sustainability report, which it released late last week. In 2024, Google data centers used 30.8 million megawatt-hours of electricity. That’s up from 14.4 million megawatt-hours in 2020, the earliest year Google broke out data center consumption. Google has pledged to use only carbon-free sources of electricity

Topics: company data electricity google power

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Apple sues former Vision Pro employee for allegedly stealing 'thousands of documents' before joining Snap

cnbc.com Kif Leswing 2025-08-26 19:47:40

A customer tries on the Apple Vision Pro headset during the product launch at the Apple Store in New York City on February 2, 2024. Apple has accused a former engineer for its Vision Pro headset computer of stealing company trade secrets before starting a new job at Snap , according to a lawsuit filed in California last week. In the June 24 court filing, Apple accuses Di Liu, a senior design engineer, of downloading thousands of documents in his final days at the Cupertino company last year an

Topics: according apple company lawsuit liu

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Latest Tech News

Peter Thiel and His Goons Are Launching Their Own Bank (Yes, It has a Tolkien-Inspired Name)

Xbox Hit With Layoffs and Game Cancellations as Microsoft Cuts 9,000 Jobs

US judge rules Huawei must answer criminal charges about alleged Iran deal

Spain arrests hackers who targeted politicians and journalists

Xbox Hit With Layoffs and Game Cancelations as Microsoft Cuts 9,000 Jobs

Tesla Gets Dismal Sales News After Disastrous Robotaxi Launch

Are portable solar panels legit? I saved $30 a month with these (and they're $200 off)

Tesla deliveries drop 14 percent amid Musk backlash

Microsoft gaming division suffers further layoffs

Microsoft laying off about 9,000 employees in latest round of cuts

Apple's AI Research Has Failed So Spectacularly That It's Considering Just Letting OpenAI Power Siri

Bright Data beat Elon Musk and Meta in court — now its $100M AI platform is taking on Big Tech

Cloudflare Introduces Default Blocking of A.I. Data Scrapers

Tesla reports 14 percent drop in second-quarter vehicle deliveries

Tesla faces second straight year of falling sales after another bad quarter

Microsoft will lay off 9,000 employees, or less than 4% of the company

iPhone Fold reportedly on track for potential launch next year, as prototypes tested

Grok 4 spotted ahead of launch with special coding features

Cloudflare just changed the internet, and it's bad news for the AI giants

Amazon Reaches Automation Milestone by Deploying Its Millionth Robot

Figma moves closer to a blockbuster IPO that could raise $1.5B

Figma files for IPO on NYSE, plans to 'take big swings' with acquisitions

Google promotes ‘AI Mode’ on home page 'Doodle'

Retail resurrection: David’s Bridal bets its future on AI after double bankruptcy

Cloudflare declares war on AI crawlers - and the stakes couldn't be higher

Google’s data center energy use doubled in 4 years

Figma files for IPO on Nasdaq, plans to 'take big swings' with M&A

Amazon deploys its 1 millionth robot, releases generative AI model

Google’s data center energy use doubled in four years

Apple sues former Vision Pro employee for allegedly stealing 'thousands of documents' before joining Snap

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