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Figure’s IPO filing marks Mike Cagney’s return to public markets

Figure Technology, a seven-year-old blockchain-based lending company, has filed for an IPO of its Class A common stock on Nasdaq, with Goldman Sachs, Jefferies, and BofA Securities serving as its lead bookrunners. The number of shares on offer and price range have not yet been determined. Figure says in its IPO paperwork that its revenue rose 22.4% to $191 million in the six months ended June 30, and that it reported a profit of $29 million in the same period, compared with a loss of $13 milli

Trump administration reportedly weighs 10% stake in Intel via Chip Act grants, making government top shareholder

At the embattled chipmaker's current market value, a 10% stake would be worth roughly $10.4 billion. Meanwhile, Intel has been awarded about $10.9 billion in Chips Act grants, including $7.9 billion for commercial manufacturing and $3 billion for national security projects. As part of a potential deal, the government is also considering converting some or all of Intel's grants from the 2022 U.S. CHIPS and Science Act into equity in the company, the report said, citing a White House official and

Shein reportedly weighs moving back to China in a bid for Hong Kong IPO approval

Shein is considering moving its base back to China from Singapore in a bid to convince Beijing authorities to approve the e-commerce company's Hong Kong initial public offering, according to a Bloomberg report on Tuesday. The report said that Shein had gone so far as to consult lawyers about setting up a parent company in mainland China, citing people familiar with the matter. However, it added that there was no guarantee that Shein would act upon the preliminary discussions. Shein, which sour

XenoRAT malware campaign hits multiple embassies in South Korea

A state-sponsored espionage campaign is targeting foreign embassies in South Korea to deploy XenoRAT malware from malicious GitHub repositories. According to Trellix researchers, the campaign has been running since March and is ongoing, having launched at least 19 spearphishing attacks against high-value targets. Although infrastructure and techniques match the pllaybook of North Korean actor Kimsuky (APT43), there are signs that better match China-based operatives, the researchers say. Multi

Massive Allianz Life data breach impacts 1.1 million people

Hackers have stolen the personal information of 1.1 million individuals in a Salesforce data theft attack, which impacted U.S. insurance giant Allianz Life in July. Allianz Life has nearly 2,000 employees in the United States and is a subsidiary of Allianz SE, which has over 128 million customers worldwide and ranks as the world's 82nd largest company based on revenue. As the company disclosed last month, information belonging to the "majority" of its 1.4 million customers was stolen by attack

Intel shares jump as Softbank to buy $2bn stake in chip giant

Intel shares jump as Softbank to buy $2bn stake in chip giant The BBC has contacted the White House and Intel for comment. The potential deal , which was first reported last week, aims to help Intel build a flagship manufacturing hub in Ohio. At the time, a White House spokesman told the BBC that the reports "should be regarded as speculation" unless officially announced. The announcement came just hours after new reports that the Trump administration is in talks to take a stake of around 10%

Intel is getting a $2 billion investment from SoftBank

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during the company's annual general meeting in Tokyo, Japan, on Friday, June 27, 2025. Intel and SoftBank announced on Monday that the Japanese conglomerate will make a $2 billion investment in the embattled chipmaker. SoftBank will pay $23 per share for Intel's common stock, which closed on Monday at $23.66. The shares rose about 6% in extended trading to $25. The investment makes SoftBank the fifth-biggest I

Another Crypto IPO Hits the Market and Most People Still Have No Idea What Crypto Is

Blockchain-based lender Figure Technology Solutions has officially filed for an initial public offering, marking another move by crypto-related firms seeking a slice of the trillion-dollar machine of public markets. Both crypto bros and the banks that love them are already celebrating the move to go public, which they say marks a significant milestone in the evolving intersection of cryptocurrencies, blockchain technology, and mainstream finance. Analysts posit that this signals a broader shif

Structured (Synchronous) Concurrency

Structured (Synchronous) Concurrency @_fsantanna I have recently learned about Structured Concurrency (SC), which supports nested coroutines with tied lifetimes. There are a number of libraries (Dill, Trio, Effection), and even language mechanisms in Swift and Kotlin. The similarities with Esterel and derived imperative synchronous languages (ISLs) is noteworthy. However, it seems that no bridges between these worlds (ISLs & SC) have been built. Research in ISLs dates back to the early 80s, a

Newsmax agrees to pay $67M in defamation case over bogus 2020 election claims

DENVER (AP) — The conservative network Newsmax will pay $67 million to settle a lawsuit accusing it of defaming a voting equipment company by spreading lies about President Donald Trump’s 2020 election loss, according to documents filed Monday. The settlement comes after Fox News Channel paid $787.5 million to settle a similar lawsuit in 2023 and Newsmax paid what court papers describe as $40 million to settle a libel lawsuit from a different voting machine manufacturer, Smartmatic, which also

Nobody Likes Zuckerberg’s Glitchy AI App

Clearly, throwing billions of dollars at a problem can’t solve everything. Nearly six months after its debut, Meta’s consumer-facing AI app still struggles with inconsistencies and persistent shortcomings, casting doubt on the company’s lofty ambitions for artificial intelligence. It has been a rough learning curve for Mark Zuckerberg’s efforts to join the AI race after lagging behind an already-crowded field and spending tens of billions of dollars on catching up. So far, the most Meta has to

Topics: ai app company meta users

New Study Fuels Debate Over World-Changing Comet Strike 12,800 Years Ago

Roughly 12,800 years ago, as Earth was emerging from its last great ice age, temperatures in the Northern Hemisphere suddenly plummeted back to near-glacial conditions. The cause of this abrupt shift—known as the Younger Dryas cool period—remains a mystery to this day, but new evidence may give credence to its most controversial explanation. Researchers analyzed sediment cores extracted from the seafloor of Baffin Bay near Greenland, finding indicators of a cosmic impact event inside the layer

TeraWulf stock gains more than 4% as Google boosts stake in data center operator

TeraWulf stock rallied more than 4% after Google hiked its stake in the bitcoin miner and data center operator as it funds an expansion of its Lake Mariner, New York, facility. Earlier in the session, shares had jumped over 10%. As part of the deal, Google will offer up to $1.4 billion in additional backstop, bringing its total to about $3.2 billion. It hikes Google's stake in TeraWulf to 14% from 8% and enables the tech giant to buy about 32.5 million shares of the company's stock. TeraWulf

Palo Alto Networks reports earnings beat, says founder Nir Zuk retiring from company

Nikesh Arora, CEO of Palo Alto Networks, looks on during the closing bell at the Nasdaq Market in New York City on March 25, 2025. Palo Alto Networks reported better-than-expected quarterly results and issued upbeat guidance for the current period. The cybersecurity software vendor said Nir Zuk, who founded the company in 2005, is retiring from his role as chief technology officer. The stock rose about 6% in extended trading. Here's how the company did compared to LSEG estimates: Earnings: 9

HR Giant Workday Got Hacked

Workday, a company that provides human resources technology to over 11,000 corporations and 70 million users worldwide, announced in a classic Friday news dump that it suffered a data breach. The company did not disclose how much information was stolen by the hackers, but did reveal that information—including the names, email addresses, and phone numbers—of some users was compromised. The company said the breach hit some of its third-party customer relationship databases. If any other data was

Workday says hackers used social engineering to access personal data during a breach

Human resources technology company Workday has confirmed that a data breach has affected its third-party CRM platform. In a blog post announcing the breach, the company said that a social engineering campaign had targeted its employees, with threat actors posing as IT or HR in order to trick employees into sharing account access or personal information. The company says that while the threat actors were able to access some information from the CRM, there is no indication of any access to custom

TeraWulf stock jumps more than 10% as Google boosts stake in data center operator

TeraWulf stock rallied more than 10% after Google hiked its stake in the bitcoin miner and data center operator as it funds an expansion of its Lake Mariner, New York, facility. As part of the deal, Google will offer up to $1.4 billion in additional backstop, bringing its total to about $3.2 billion. It hikes Google's stake in TeraWulf to 14% from 8% and enables the tech giant to buy about 32.5 million shares of the company's stock. TeraWulf CEO Paul Prager said in a release that the agreement

GPT-5 is supposed to be nicer now

In Brief OpenAI announced late Friday that it’s updating its latest model to be “warmer and friendlier.” The company recently launched the much-anticipated GPT-5 in a process that CEO Sam Altman admitted was “a little more bumpy than we’d hoped for,” with some users complaining that they preferred the previous model, GPT-4o. OpenAI is trying to address some of those complaints with this update, with changes that it says are “subtle” but will make GPT-5 “more approachable now.” “You’ll notice

How web scraping actually works - and why AI changes everything

Getty/panithan pholpanichrassamee ZDNET's key takeaways Web scraping powers pricing, SEO, security, AI, and research industries. AI scraping threatens site survival by bypassing traffic return. Companies fight back with licensing, paywalls, and crawler blocks. Get more in-depth ZDNET tech coverage: Add us as a preferred Google source on Chrome and Chromium browsers. In the world of industrial web scraping, there are a few major players. Oh, you did not know there was a world of industrial

Fujifilm is raising the prices of its cameras again

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. Posts from this author will be added to your daily email digest and your homepage feed. Just two weeks after raising the prices of its cameras by up to $800, Fujifilm is warning customers about another increase for US customers. In a statement provided to DPReview, the Japanese company says it will “further adjust prices” as it contends with “volat

TeraWulf stock jumps more than 10% as Google boosts stake in datacenter operator

TeraWulf stock rallied more than 10% after Google hiked its stake in the bitcoin miner and datacenter operator as it funds an expansion of its Lake Mariner, New York, facility. As part of the deal, Google will offer up to $1.4 billion in additional backstop, bringing its total to about $3.2 billion. It hikes Google's stake in TeraWulf to 14% from 8% and enables the company to buy about 32.5 million shares of the company's stock. CEO Paul Prager said in a release that the agreement solidifies t

How much RAM does your PC really need in 2025? I did the math for Windows and Mac users

Kerry Wan/ZDNET Get more in-depth ZDNET tech coverage: Add us as a preferred Google source on Chrome and Chromium browsers. I used to struggle when shopping for a new computer. Over time, I learned to narrow things down to what I call the "performance trifecta" -- three main components you should be mindful of when buying a laptop or desktop: processor, storage drive, and RAM. The first two are pretty easy to figure out. A good processor ensures that a computer performs well, and a lot of loca

Valiant’s Bloodshot Relaunch Mired by Transphobic Dogwhistles

Update, 8/17/2025 @ 10:57 AM: After his old Twitter posts were discovered, Bloodshot writer Mauro Mantella has since deleted the account and posted an apology on Instagram. “I want to offer my most sincere apologies. I know I made a mistake, but at no point did I intend to spread a message of hate,” it begins. In his apology, he revealed he first wrote the issue’s script in Spanish, then “changed it a bit” when converting it to English. This conversion led to him “borrowing a common phrase used

95% of AI Pilots Failing

Good morning. Companies are betting on AI—yet nearly all enterprise pilots are stuck at the starting line. The GenAI Divide: State of AI in Business 2025, a new report published by MIT’s NANDA initiative, reveals that while generative AI holds promise for enterprises, most initiatives to drive rapid revenue growth are falling flat. Despite the rush to integrate powerful new models, about 5% of AI pilot programs achieve rapid revenue acceleration; the vast majority stall, delivering little to

Class-action suit claims Otter AI records private work conversations

Class-action suit claims Otter AI secretly records private work conversations toggle caption Source: Otter A federal lawsuit seeking class-action status accuses Otter.ai of "deceptively and surreptitiously" recording private conversations that the tech company uses to train its popular transcription service without permission from the people using it. The company's AI-powered transcription service called Otter Notebook, which can do real-time transcriptions of Zoom, Google Meet and Microsoft

FFmpeg Assembly Language Lessons

Welcome to the FFmpeg School of Assembly Language. You have taken the first step on the most interesting, challenging, and rewarding journey in programming. These lessons will give you a grounding in the way assembly language is written in FFmpeg and open your eyes to what's actually going on in your computer. Required Knowledge Knowledge of C, in particular pointers. If you don't know C, work through The C Programming Language book High School Mathematics (scalar vs vector, addition, multipl

OpenAI's Sam Altman sees AI bubble forming as industry spending surges

OpenAI CEO Sam Altman thinks the artificial intelligence market is in a bubble, according to a report from The Verge published Friday. "When bubbles happen, smart people get overexcited about a kernel of truth," Altman told a small group of reporters last week. "Are we in a phase where investors as a whole are overexcited about AI? My opinion is yes. Is AI the most important thing to happen in a very long time? My opinion is also yes," he was quoted as saying. Altman appeared to compare this

Google will pay Australia $36 million over anticompetitive search deal with mobile carriers

Google has agreed to pay a fine of $55 million AUD ($36 million USD) for anticompetitive practices, the Australian Competition and Consumer Commission (ACCC) announced. It stems from deals Google undertook with Australian telecommunications companies Telstra and Optus to only pre-install Google Search. The key there is that these companies couldn't install any other search engine. Telstra and Optus then got a share of Google's ad revenue from customers using Google search on their respective An

BBC Micro, ancestor to ARM

ARM-based chips are found in nearly 60 percent of the world’s mobile devices Introducing the “Beeb” – the inventors of the ARM architecture used these machines to simulate and develop chip designs. Those chips are now in every home and business. This particular machine is my BBC Master, plus 5 1/4″ floppy disk drive, and three-button mouse. Isn’t she a beauty? Like many microcomputers of the 1980s, the BBC Micro ran on a 6502 series microchip. Unlike most of the competition, however, the BBC

Google admits anti-competitive conduct involving Google Search in Australia

The ACCC has today commenced Federal Court proceedings against Google Asia Pacific over anti-competitive understandings that Google admits it reached in the past with Telstra and Optus regarding the pre-installation of Google Search on Android mobile phones. Google has co-operated with the ACCC, admitted liability and agreed to jointly submit to the Court that Google should pay a total penalty of $55 million. It is a matter for the Court to determine whether the penalty and other orders are app