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Senate passes GENIUS stablecoin bill, giving crypto industry first major legislative win

cnbc.com Mackenzie Sigalos 2025-09-14 01:42:59

The World Liberty Financial website arranged on a smartphone in New York, US, on Wednesday, Feb. 12, 2025. Gabby Jones | Bloomberg | Getty Images The Senate on Tuesday passed the GENIUS Act, a landmark bill that for the first time establishes federal guardrails for U.S. dollar-pegged stablecoins and creates a regulated pathway for private companies to issue digital dollars with the blessing of the federal government. The bill passed with a 68-30 vote. It's a milestone day for the crypto industr

Topics: act crypto senate stablecoins trump

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Trump to extend TikTok deadline for third time, pushing decision out another 90 days

cnbc.com Jonathan Vanian 2025-09-14 01:01:58

For a third time since taking office in January, President Donald Trump plans to extend a deadline that would require China's ByteDance to divest TikTok's U.S. business. "President Trump will sign an additional Executive Order this week to keep TikTok up and running," White House Press Secretary Karoline Leavitt said in a statement. "As he has said many times, President Trump does not want TikTok to go dark. This extension will last 90 days, which the Administration will spend working to ensure

Topics: app deadline president tiktok trump

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Senate confirms Trump’s FCC pick, Olivia Trusty

theverge.com Lauren Feiner 2025-09-14 01:37:34

is a senior policy reporter at The Verge, covering the intersection of Silicon Valley and Capitol Hill. She spent 5 years covering tech policy at CNBC, writing about antitrust, privacy, and content moderation reform. The Senate confirmed Republican Olivia Trusty to serve on the Federal Communications Commission (FCC) on Tuesday, installing another nominee by President Donald Trump and ending the brief lack of quorum at the agency. The vote was 53-45, with Sen. John Fetterman (D-PA) being the on

Topics: agency democratic said trump trusty

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UK Watchdogs Fine 23andMe $3.1M for Data Security Violations

cnet.com See Full Bio 2025-09-14 04:25:00

UK regulators on Tuesday fined 23andMe 2.31 million pounds ($3.1 million) for data privacy violations stemming from the company's massive data breach in 2023. The Information Commissioner's Office says the genetic testing company, which has since filed for Chapter 11 bankruptcy protection in the US, failed to put in place "appropriate" security measures to protect the personal information of its UK users, compromising that data in the breach. The UK fine comes after a joint investigation by the

Topics: 23andme breach company data uk

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AI will shrink Amazon's workforce in the coming years, CEO Jassy says

news.ycombinator.com Annie Palmer 2025-09-14 09:24:18

Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in Las Vegas, Nevada. Amazon CEO Andy Jassy said Tuesday that the company's corporate workforce will shrink in the coming years as it adopts more generative artificial intelligence tools and agents. "We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs," Jassy said

Topics: amazon employees jassy time workforce

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Amazon Preps Employees for Layoffs by Talking Up the Power of AI Agents

gizmodo.com Aj Dellinger 2025-09-14 09:50:53

Amazon appears to be soft-launching its next round of layoffs. In a message to employees shared Tuesday, Amazon CEO Andy Jassy talked highly of the company’s embrace of artificial intelligence tools across its company, and said that it will ultimately “reduce our total corporate workforce as we get efficiency gains” over time. That is only slightly veiled corporate speak for “get ready to be replaced.” Jassy called generative AI a “once-in-a-lifetime” technology that will change the way the com

Topics: ai amazon company jassy people

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UK Watchdogs Fines 23andMe $3.1 million For Data Security Violations

cnet.com See Full Bio 2025-09-14 09:25:17

UK regulators on Tuesday fined 23andMe 2.31 million pounds ($3.1 million) for data privacy violations stemming from the company's massive data breach in 2023. The Information Commissioner's Office says the genetic testing company, which has since filed for Chapter 11 bankruptcy protection in the US, failed to put in place "appropriate" security measures to protect the personal information of its UK users, compromising that data in the breach. The UK fine comes after a joint investigation by the

Topics: 23andme breach company data uk

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Amazon CEO says it will cut jobs due to AI’s ‘efficiency’

theverge.com Emma Roth 2025-09-14 09:52:28

is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Amazon CEO Andy Jassy says advancements in AI will “reduce” the company’s corporate headcount over the next few years. In a memo to employees on Tuesday, Jassy writes that Amazon expects the change due to “efficiency gains from using AI extensively across the company,” without specifying how many employees would be affected. “As we roll out more Ge

Topics: ai amazon ceo company jassy

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Tumblr’s content-filtering systems have been falsely flagging posts as ‘mature,’ users blame AI

techcrunch.com Sarah Perez 2025-09-14 08:20:27

Tumblr is the latest tech company to grapple with automated flagging and takedowns that have gone haywire and raised the ire of users. In recent days, Tumblr users have complained their content is being flagged as “mature,” even when that’s not the case. The problem has reduced the visibility of users’ posts because many people on the platform have configured their settings to hide mature content by default. According to numerous posts from impacted Tumblr users, posts have been falsely flagge

Topics: company content said tumblr users

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Amazon expects to reduce corporate jobs due to AI

techcrunch.com Rebecca Szkutak 2025-09-14 09:21:23

In Brief Amazon CEO Andy Jassy is betting that generative AI will change how the company thinks about its workforce in the future. Jassy said that as the company continues to roll out more AI agents, and thus change how the company’s work is done, he expects Amazon will reduce the number of corporate jobs needed in the future, according to a memo that was first covered by CNBC. “We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jo

Topics: ai company doing future jobs

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OpenAI lands $200 million Pentagon contract to develop AI for national security

techspot.com Kishalaya Kundu 2025-09-14 12:51:00

What just happened? The Department of Defense has awarded a one-year, $200 million contract to OpenAI to develop advanced artificial intelligence tools aimed at addressing critical national security challenges "in both warfighting and enterprise domains." The deal was announced Monday in the DoD's daily list of newly awarded contracts. The Department of Defense said OpenAI will receive $2 million immediately for research and development purposes. The company will also use the funds to test and

Topics: ai company contract defense openai

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Scania confirms insurance claim data breach in extortion attempt

bleepingcomputer.com Unknown 2025-09-14 13:04:39

Automotive giant Scania confirmed it suffered a cybersecurity incident where threat actors used compromised credentials to breach its Financial Services systems and steal insurance claim documents. Scania told BleepingComputer that the attackers emailed several Scania employees, threatening to leak the data online unless their demands were met. Scania is a major Swedish manufacturer of heavy trucks, buses, and industrial and marine engines and is a member of the Volkswagen Group. The company,

Topics: compromised data incident insurance scania

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Honda Unexpectedly Enters the Space Race With First Successful Rocket Launch

gizmodo.com Ellyn Lapointe 2025-09-14 13:01:07

In a bizarre twist, Honda, the Japanese car manufacturer, has taken its engineering off-road—and into space. The company launched and landed a prototype reusable rocket on Tuesday, June 17, marking a key milestone toward its newfound goal of achieving suborbital spaceflight by 2029. In the surprise announcement, Honda R&D—the company’s research arm—said it successfully completed the first launch and landing test of its 20.6-foot (6.3-meter) experimental reusable launch vehicle after reaching an

Topics: company honda landing space test

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Everything to Remember About ‘Foundation’ Season 2 Ahead of Season 3

gizmodo.com Cheryl Eddy 2025-09-14 13:10:43

Foundation season three will pick up 152 years after the end of season two, which means a new set of supporting characters is on the way. However, given Foundation’s fondness for clones (be they organic or digital) and robots—as well as people who endure extended cryosleep—all the main faces will also be back. That time jump will advance the action to a time of great unrest, as predicted in season two by Gaal Dornick (Lou Llobell) using a combination of mathematics, the “prime radiant” quantum

Topics: empire foundation gaal hari season

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Reddit to Turn Positive Posts Into Ads for Brands

gizmodo.com Aj Dellinger 2025-09-14 13:30:31

The next time you recommend a product or service to someone in conversation on Reddit, it might turn into an advertisement for the company. A new feature announced by the social media site at the Cannes Lions International Festival of Creativity will allow brands to take positive comments posted on Reddit and display them right under advertisements on the platform. The feature, called Reddit Community Intelligence, will integrate conversations happening on Reddit into a company’s marketing effo

Topics: company feature marketing posts reddit

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Third Time Is the Charm? Trump Says He'll 'Probably' Extend TikTok Deadline

cnet.com See Full Bio 2025-09-14 10:41:00

The clock just never seems to run out for TikTok. President Donald Trump says he'll "probably" extend the deadline yet again for the wildly popular social media app to sell itself or face a federal ban. "We probably have to get China approval. I think we'll get it," Trump said speaking to the press aboard Air Force One on Tuesday. "I think President Xi will ultimately approve it." The now long-delayed ban is set to kick in Thursday unless it reaches a deal to sell itself to a buyer deemed fit

Topics: app ban deadline tiktok trump

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Mocked Trump Mobile yanks coverage map that ignored Trump renaming Gulf of Mexico

arstechnica.com Unknown 2025-09-14 11:35:47

The Trump Organization's rollout of Trump Mobile on Monday—a new wireless service using Trump's image to sell smartphones—was notably messy. Not only did the website reportedly glitch while processing preorders (more on that below), but soon after its launch, at least one glaring mistake on the website had to be quickly changed. Critics on social media were quick to point out that the Trump Mobile coverage map used the Gulf of Mexico instead of using Trump's controversial new name for the body

Topics: mobile new organization service trump

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Applied Intuition raises $600M as it pushes further into defense

techcrunch.com Sean O'Kane 2025-09-14 11:58:48

Buzzy autonomous vehicle software company Applied Intuition has closed a $600 million Series F and tender offer, pushing its valuation up to $15 billion. The round was co-led by BlackRock-managed funds and Kleiner Perkins, and included new investments from the Qatar Investment Authority, Abu Dhabi Investment Council, Greycroft, and more. Existing investors General Catalyst, Lux, Elad Gil, and Mary Meeker’s growth fund Bond also participated. Applied Intuition’s raise comes just one year after

Topics: applied autonomous company intuition software

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Tumblr’s content filtering systems have been falsely flagging posts as ‘mature,’ users blame AI

techcrunch.com Sarah Perez 2025-09-14 13:20:27

Tumblr is the latest tech company to grapple with automated flagging and takedowns that have gone haywire and raised the ire of users. In recent days, Tumblr users have complained their content is being flagged as “mature,” even when that’s not the case. The problem has reduced the visibility of users’ posts because many people on the platform have configured their settings to hide mature content by default. According to numerous posts from impacted Tumblr users, posts have been falsely flagge

Topics: company content said tumblr users

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OpenAI lands $200 million US defense contract

techspot.com Kishalaya Kundu 2025-09-14 17:51:00

What just happened? The Department of Defense has awarded a one-year, $200 million contract to OpenAI to develop advanced artificial intelligence tools aimed at addressing critical national security challenges "in both warfighting and enterprise domains." The deal was announced Monday in the DoD's daily list of newly awarded contracts. The Department of Defense said OpenAI will receive $2 million immediately for research and development purposes. The company will also use the funds to test and

Topics: ai company contract defense openai

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AI will shrink Amazon's workforce in the coming years, CEO Jassy says

cnbc.com Annie Palmer 2025-09-14 17:44:20

Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in Las Vegas, Nevada. Amazon CEO Andy Jassy said Tuesday that the company's corporate workforce will shrink in the coming years as it adopts more generative artificial intelligence tools and agents. "We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs," Jassy said

Topics: amazon employees jassy time workforce

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Fintech Ramp's valuation hits $16 billion in deal led by Peter Thiel's Founders Fund

cnbc.com Eric Rosenbaum 2025-09-14 17:16:27

Ramp, which offers a financial operations platforms to corporate clients, has raised its valuation to $16 billion in a new fundraising led by long-time investor Founders Fund, Peter Thiel's venture firm. The $200 million round is the fifth that Founders' has led for Ramp and raised its valuation by $3 billion. It last raised money at a $13 billion valuation in March. Founded in 2019, Ramp offers services that cover corporate cards, procurement, bookkeeping, travel booking, and vendor managemen

Topics: billion founders raised ramp valuation

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Waymo expands service area around San Francisco and Los Angeles

engadget.com Unknown 2025-09-14 17:08:11

Waymo is expanding its service area in two major metropolitan parts of California, according to a report by TechCrunch. The company is bringing its robotaxis to several new cities and neighborhoods around Los Angeles and San Francisco. Beginning today, riders along the San Francisco Peninsula in cities like Brisbane, South San Francisco, San Bruno, Millbrae and Burlingame will be able to try out a Waymo driverless cab. The same goes for Silicon Valley locations like Palo Alto and Menlo Park. R

Topics: cities company rides san waymo

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Why SMS two-factor authentication codes aren't safe and what to use instead

zdnet.com Lance Whitney 2025-09-14 17:25:16

kontekbrothers/Getty We've probably all received confirmation codes sent via text message when trying to sign into an account. Those codes are supposed to serve as two-factor authentication to confirm our identity and prevent scammers from accessing our accounts through a password alone. But who actually handles those SMS codes, and can those people be trusted? New reports from both Bloomberg and collaborative investigative newsroom Lighthouse Reports shed light on how and why text-based codes

Topics: bloomberg codes companies fink sms

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Why JPEGs still rule the web (2024)

news.ycombinator.com Ernie Smith 2025-09-14 13:51:10

A version of this post originally appeared on Tedium, Ernie Smith’s newsletter, which hunts for the end of the long tail. For roughly three decades, the JPEG has been the World Wide Web’s primary image format. But it wasn’t the one the Web started with. In fact, the first mainstream graphical browser, NCSA Mosaic, didn’t initially support inline JPEG files—just inline GIFs, along with a couple of other formats forgotten to history. However, the JPEG had many advantages over the format it quickl

Topics: compression dct format image jpeg

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In just 3 months, Ramp’s valuation jumped to $16B, up from $13B

techcrunch.com Julie Bort 2025-09-14 16:10:57

In Brief Spend management startup Ramp announced on Tuesday that it raised a $200 million Series E led by its largest investor, Founders Fund, at a post-money valuation of $16 billion. This is a jaw-dropping $3 billion increase over the $13 billion valuation Ramp announced just a few months ago in March, after a $150 million secondary share sale. Its current valuation is also more than double the $7.65 billion post-money valuation Ramp hit a little over a year ago when it raised $150 million.

Topics: billion capital million ramp valuation

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The Trump Phone Isn’t Just a Bad Deal, It’s a Full-On Privacy Nightmare

gizmodo.com James Pero 2025-09-14 21:00:00

Bad news, folks: we all went to sleep, woke up, and the Trump phone is still here. That means a couple of things. For one, it means the T1 phone wasn’t the result of a spicy, food-fueled fever dream or a bad batch of crazy-style mushrooms—it’s a real phone that costs real money, made by a real president, who thinks “fox in the henhouse” is an allegory for how to win bigly in the U.S. government. It also means something else depressing, and it’s got nothing to do with making America great and eve

Topics: life people phone privacy trump

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How Private Equity Killed the American Dream

wired.com Louise Matsakis 2025-09-14 21:00:00

In her new book, Bad Company: Private Equity and the Death of the American Dream, journalist and WIRED alum Megan Greenwell chronicles the devastating impacts of one of the most powerful yet poorly understood forces in modern American capitalism. Flush with cash, largely unregulated, and relentlessly focused on profit, private equity firms have quietly reshaped the US economy, taking over large chunks of industries ranging from health care to retail—often leaving financial ruin in their wake. T

Topics: companies company equity greenwell private

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In just 3 months, Ramp’s valuation jumped to $16B from $13B

techcrunch.com Julie Bort 2025-09-14 21:10:57

In Brief Spend management startup Ramp announced on Tuesday that it raised a $200 million Series E led by its largest investor, Founders Fund, at a post money $16 billion valuation. This is a jaw-dropping $3 billion increase over the $13 billion valuation Ramp announced just a few months ago in March from a $150 million secondary share sale. It’s current valuation is also more than double the $7.65 billion Ramp hit a little over a year ago when it raised $150 million at a $7.65 billion post mo

Topics: billion capital million ramp revenue

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Intel to lay off up to 20% of Intel Foundry workers

techcrunch.com Rebecca Szkutak 2025-09-14 21:50:32

In Brief Intel will begin a new round of layoffs next month. The semiconductor giant plans to lay off 15% to 20% of workers in its Intel Foundry division starting in July, according to an internal memo originally reported on by The Oregonian. Intel Foundry designs, manufactures, and packages semiconductors for external clients. It’s unclear how many workers this will directly impact. Intel’s total workforce was 108,900 people as of December 2024, according to the company’s annual regulatory f

Topics: 15 company foundry intel layoffs

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Latest Tech News

Senate passes GENIUS stablecoin bill, giving crypto industry first major legislative win

Trump to extend TikTok deadline for third time, pushing decision out another 90 days

Senate confirms Trump’s FCC pick, Olivia Trusty

UK Watchdogs Fine 23andMe $3.1M for Data Security Violations

AI will shrink Amazon's workforce in the coming years, CEO Jassy says

Amazon Preps Employees for Layoffs by Talking Up the Power of AI Agents

UK Watchdogs Fines 23andMe $3.1 million For Data Security Violations

Amazon CEO says it will cut jobs due to AI’s ‘efficiency’

Tumblr’s content-filtering systems have been falsely flagging posts as ‘mature,’ users blame AI

Amazon expects to reduce corporate jobs due to AI

OpenAI lands $200 million Pentagon contract to develop AI for national security

Scania confirms insurance claim data breach in extortion attempt

Honda Unexpectedly Enters the Space Race With First Successful Rocket Launch

Everything to Remember About ‘Foundation’ Season 2 Ahead of Season 3

Reddit to Turn Positive Posts Into Ads for Brands

Third Time Is the Charm? Trump Says He'll 'Probably' Extend TikTok Deadline

Mocked Trump Mobile yanks coverage map that ignored Trump renaming Gulf of Mexico

Applied Intuition raises $600M as it pushes further into defense

Tumblr’s content filtering systems have been falsely flagging posts as ‘mature,’ users blame AI

OpenAI lands $200 million US defense contract

AI will shrink Amazon's workforce in the coming years, CEO Jassy says

Fintech Ramp's valuation hits $16 billion in deal led by Peter Thiel's Founders Fund

Waymo expands service area around San Francisco and Los Angeles

Why SMS two-factor authentication codes aren't safe and what to use instead

Why JPEGs still rule the web (2024)

In just 3 months, Ramp’s valuation jumped to $16B, up from $13B

The Trump Phone Isn’t Just a Bad Deal, It’s a Full-On Privacy Nightmare

How Private Equity Killed the American Dream

In just 3 months, Ramp’s valuation jumped to $16B from $13B

Intel to lay off up to 20% of Intel Foundry workers

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