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Japanese shipping firm NYK acquires Kadmos, a salary payment platform for seafarers

Japanese shipping company Nippon Yusen Kabushiki Kaisha, or NYK Line, is acquiring Germany’s salary payment platform for seafaring workers, Kadmos, as it seeks to further expand the reach of its fintech services in the maritime sector. The companies did not disclose the financial terms of the acquisition deal, which is expected to be completed in the next few weeks. MIT alumni Justus Schmueser and Sasha Makarovych founded Kadmos in 2021, aiming to provide businesses, including shipowners and s

Steel giant Nucor confirms hackers stole data in recent breach

Nucor, North America's largest steel producer and recycler, has confirmed that attackers behind a recent cybersecurity incident have also stolen data from the company's network. The steel giant employs more than 32,000 people in numerous mills across the U.S., Mexico, and Canada and reported a revenue of $30.73 billion last year. Nucor disclosed this incident last month, revealing that it took down some systems to contain the security breach and halted production at some of its facilities. It

Tech investor Prosus bets on India to produce a $100 billion company

Fabricio Bloisi, chief executive officer of Prosus NV, during an interview in London, UK, on Monday, Oct. 21, 2024. Bloisi took the reins of South Africa's Naspers Ltd. and its investment arm Prosus NV in July with a plan to double the value of the 110-year-old group within the next four years. India will produce a $100 billion tech company in the coming years, the CEO of Prosus told CNBC on Monday, as the firm bets on the country for its next big investment win. Prosus , which is majority own

OpenAI-Jony Ive AI hardware venture hits trademark snag over brand name

OpenAI TL;DR A blog post announcing OpenAI’s $6.5B acquisition of Jony Ive’s hardware startup “io” has been taken down due to a court order stemming from a trademark complaint by a company called iyO. OpenAI clarified that despite speculation, the partnership with Ive is still ongoing, and it’s exploring options regarding the name dispute. iyO, which already sells an AI-powered “audio computer,” claims the “io” name infringes on their trademark. All traces of OpenAI’s much-hyped hardware ven

Topics: ai company io ive openai

The Tandy Corporation

In 1919, a small leather company was founded in Fort Worth by David Lewis Tandy and Norton Hinckley. The Hinckley-Tandy Leather Company specialized in leather show laces, shoe soles, leather and rubber heels, and other shoe-findings. Tandy focused on sales and marketing while Hinckley managed the internal business operations and inventory. The company did well, bought a larger location in 1923 and expanded to Beaumont in 1927. The company scaled back during the Depression, but they survived. Ch

SMB-focused Finom closes €115M as European fintech heats up

While funding may be scarce for some, Europe’s fastest-growing startups still have their pick. The latest beneficiary of that investor appetite is Finom, a five-year-old, Amsterdam-based challenger bank that targets small and medium-size businesses across Europe. The company, which claims to have doubled its revenue in 2024, just closed a €115 million Series C equity round (around $133 million), TechCrunch learned exclusively. This comes only a few weeks after it landed $105 million in growth f

How to negotiate your salary package

The complete guide to salary negotiation for engineers and other professionals who think negotiating is morally questionable. Until I ran VaccinateCA my single most important career contribution might have been writing about salary negotiation. That essay has been read by millions of people. Of those people, a relatively small percentage send me email to tell me that the advice has worked for them. I previously kept a spreadsheet of the impact they shared with me, and it ticked over into eight

Tesla's Robotaxi Service Hits the Road in Texas

After nearly a decade of waiting, Tesla has launched a limited self-driving car service in the Austin, Texas, area. Company executives, including Musk, have said the autonomous vehicle technology debuting today is critical to Tesla’s future. The limited service, which for now is only open to early users invited by Tesla, includes some 20 2025 Model Y sedans available for rides through a Tesla-made app between 6 and 12 am. Terms of service posted on X by invited riders indicate that the service

Tesla launches robotaxi rides in Austin with big promises and unanswered questions

Tesla has started giving rides in driverless Model Y SUVs in Austin, a decade after CEO Elon Musk began making — and breaking — myriad promises about his company’s ability to launch such a service. The rollout will become the first big test of Musk’s belief that it’s possible to safely deploy fully autonomous vehicles using just cameras and end-to-end AI – an approach that differs from other players in the space like Waymo. On Sunday, numerous videos shared on social media as well as sources i

OpenAI pulls promotional materials around Jony Ive deal due to court order

OpenAI has pulled a much-discussed video promoting the friendship between CEO Sam Altman and legendary Apple designer Jony Ive (plus, incidentally, OpenAI’s $6.5 billion deal to acquire Ive and Altman’s device startup io) from its website and YouTube page. Does that suggest something is amiss with the acquisition, or with plans for Ive to lead design work at OpenAI? Not exactly, according to Bloomberg’s Mark Gurman, who reports that the “deal is on track and has NOT dissolved or anything of the

Intel to outsource marketing to Accenture and AI, cutting in-house staff

What just happened? Intel is preparing for a major transformation of its marketing operations, marking a significant shift in how the company approaches customer engagement and internal organization. Under the direction of newly appointed CEO Lip-Bu Tan, the technology giant will outsource a substantial portion of its marketing work to Accenture, a global consulting firm, with artificial intelligence playing a central role in the transition. This move is expected to result in significant layoff

Tell HN: Beware confidentiality agreements that act as lifetime non competes

Just a note of warning from personal experience. Companies don’t really need non-competes anymore. Some companies take an extremely broad interpretation of IP confidentiality, where they consider doing any work in the industry during your lifetime an inevitable confidentiality violation. They argue it would be impossible for you to work elsewhere in this industry during your entire career without violating confidentiality with the technical and business instincts you bring to that domain. It do

Tesla Might Have a Fix for the Elon Musk Problem

Tesla is having a nightmarish year, and much of the damage can be traced directly to its CEO, Elon Musk. After spending nearly $290 million to help Donald Trump return to the White House, Musk took on a tailor-made role in the administration, heading the new Department of Government Efficiency (DOGE). His push to slash federal agencies and cut social programs, combined with his embrace of controversial theories, sparked global protests outside Tesla showrooms. The company’s liberal customer bas

AI Startup That Raised $81 Million to Detect Wildfires Bamboozled by Clouds, Still Relies on Humans

It's boom time for AI startups. Across the world, enterprising tech types are being rewarded with millions for forcing AI into all kinds of gadgets, like an autonomous lawnmower, an AI-powered robo-mattress, and even an AI-enabled toilet. While the vast majority of even the most well-funded AI startups tend to collapse like houses of cards, VC spending on outlandish techno slop — like the Lemonflow, a "voice-based AI agent for charging infrastructure" — isn't slowing down. In the first three mo

Apple is reportedly considering the acquisition of Perplexity AI

Apple's executives are thinking of acquiring Perplexity AI both to get more talent and to be able to offer an AI-based search engine in the future, according to Bloomberg. Adrian Perica, Apple's head of mergers and acquisitions, has reportedly already talked about the idea with services SVP Eddy Cue and the company's top decision-makers with it comes to its AI efforts. It's early stages, however: Apple has yet to talk to Perplexity about a bid, and the internal talks may not even lead to a forma

Microsoft suspended the email account of an ICC prosecutor at The Hague

“The I.C.C. showed this can happen,” said Bart Groothuis, a former head of cybersecurity for the Dutch Ministry of Defense who is now a member of the European Parliament. “It’s not just fantasy.” Mr. Groothuis once supported U.S. tech firms but has done a “180-degree flip-flop,” he said. “We have to take steps as Europe to do more for our sovereignty.” Some at the I.C.C. are now using Proton, a Swiss company that provides encrypted email services, three people with knowledge of the communicati

Behind the scenes: Redpanda Cloud's response to the GCP outage

On Jun 12th, 2025, Google Cloud Platform (GCP) experienced an unfortunate global outage triggered by an automated quota update to their API management system. What was a major outage for a large part of the internet was just another normal day for Redpanda Cloud customers. While GCP dealt with the widespread disruption that impacted many critical services, Redpanda Cloud clusters in GCP remained stable, thanks to being purposely designed for the SLA we offer, along with a cell-based architectur

TechCrunch Mobility: Applied Intuition’s eye-popping valuation, the new age of micromobility, and Waymo’s wild week

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Waymo might be the largest commercial robotaxi operator — offering 250,000 paid rides per week — but it is hardly smooth. The past seven days in Waymo’s world illustrates just how dynamic the burgeoning robotaxi business can be. The company limited service nationwide on June 13 ahead of scheduled “No Kings” protests against Presid

The new math: why seed investors are selling their winners earlier

Charles Hudson had just closed his fifth fund several months ago – $66 million for Precursor Ventures – when one of his limited partners asked him to run an exercise. What would have happened, the LP wondered, if Hudson had sold all his portfolio companies at Series A? What about Series B? Or Series C? The question wasn’t academic. After two decades in venture capital, Hudson has been watching the math of seed investing change, maybe permanently. LPs who’ve previously been patient with seven-to

Chip stocks fall on report U.S. could terminate waivers for Taiwan Semi and others

A motorcycle is seen near a building of the Taiwan Semiconductor Manufacturing Company (TSMC), which is a Taiwanese multinational semiconductor contract manufacturing and design company, in Hsinchu, Taiwan, on April 16, 2025. Semiconductor stocks declined Friday following a report that the U.S. is weighing measures that would terminate waivers allowing some chipmakers to send American technology to China. Commerce Department official Jeffrey Kessler told Samsung Electronics , SK Hynix and Taiw

Character.AI taps Meta’s former VP of business products as CEO

Character.AI, the Google-backed AI chatbot provider with tens of millions of monthly active users, announced on Friday that Karandeep Anand, the former VP of Business Products at Meta, is joining the company as CEO. Previously a board adviser to Character.AI, Anand is stepping into the CEO role at a pivotal moment for the chatbot provider, as the company tries to simultaneously grow its platform while combatting child safety concerns. In recent months, Character.AI has added an array of new saf

The Linkind EP6 Smart Hexagon Panels turn boring walls into amazing light shows

Edgar Cervantes / Android Authority Have you ever seen those cool hexagon lights that YouTubers love to adorn their walls with? They look fantastic, and I always wanted some, but they can get a bit pricey. Thanks to the folks at Linkind, I finally got to test some, and the best part is that its EP6 Smart Hexagon Panels won’t break the bank. Let’s dive right in. Setting things up Edgar Cervantes / Android Authority First things first, you have to get these lights installed. Let me start by wa

Rocket Report: Two big Asian reuse milestones, Vandenberg becomes SpaceX west

Welcome to Edition 7.49 of the Rocket Report! You may have noticed we are a little late with the report this week, and that is due to the Juneteenth holiday celebrated in the United States on Thursday. But that hasn't stopped a torrent of big news this week, from exploding Starships to significant reuse milestones being reached in Asia. As always, we welcome reader submissions, and if you don't want to miss an issue, please subscribe using the box below (the form will not appear on AMP-enabled

Early Prime Day deals include the 8BitDo Micro gamepad for only $17

Engadget has been testing and reviewing consumer tech since 2004. Our stories may include affiliate links; if you buy something through a link, we may earn a commission. Read more about how we evaluate products . Amazon Prime Days begins again on July 8, but early deals are already starting to trickle out. For instance, the 8BitDo Micro gamepad is on sale for just $17. This is a record-low price and represents a discount of 33 percent. However, the deal only applies to the green colorway. The

SoftBank reportedly looking to launch a trillion-dollar AI and robotics industrial complex

In Brief SoftBank is going all in on AI. Just months after announcing its involvement in the $500 billion Stargate AI Infrastructure project, of which SoftBank is rumored to be fronting a cool $19 billion, the Japanese investing conglomerate is reportedly looking to launch its largest AI project yet. The company is looking to team up with Taiwan Semiconductor Manufacturing Company (TSMC) to launch a trillion-dollar industrial complex in Arizona to build AI and robotics, according to reporting

YouTube creators unaware Google uses their videos to train AI

A hot potato: When it comes to tech companies training their AI models, it seems everything is fair game. Google, for example, uses some of the billions of videos on YouTube to train Gemini and Veo 3, and many creators are unaware that it's happening. With more than 20 billion videos on the platform, YouTube is a treasure trove of data for AI companies to exploit – and many already have. YouTube owner Google is also using the content to train its AI models, reports CNBC. The company later conf

Study: Meta AI model can reproduce almost half of Harry Potter book

In recent years, numerous plaintiffs—including publishers of books, newspapers, computer code, and photographs—have sued AI companies for training models using copyrighted material. A key question in all of these lawsuits has been how easily AI models produce verbatim excerpts from the plaintiffs’ copyrighted content. For example, in its December 2023 lawsuit against OpenAI, The New York Times Company produced dozens of examples where GPT-4 exactly reproduced significant passages from Times sto

MIT brain scans suggest that using GenAI tools reduces cognitive activity

Why it matters: As the use of generative AI becomes increasingly common in education, law, politics, media, and other fields, many worry that reliance on the technology may reduce cognitive independence. A recent study from MIT strongly supports this concern, indicating that the use of digital tools significantly alters brain activity. The newly published paper explains that as participants in an experiment wrote a series of essays, electronic brain monitoring revealed substantially weaker conn

Tesla's robotaxi debut will reportedly be limited to only 10 cars in very specific areas

The long-promised launch of Tesla's robotaxi service in Austin is scheduled for June 22, and it sounds like the company's initial offering will be modest at best. The Financial Times writes that Tesla will only have around 10 cars available for rides and that the company plans to make them "avoid the city’s most challenging intersections." If issues arise, remote operators will also reportedly be able to take control of the cars to make sure they reach their final destination. Tesla CEO Elon Mu

Microsoft to lay off thousands in July, but don't worry, AI's getting $80 billion

In context: There's been plenty of talk about machines displacing human workers in the AI Age, mainly focusing on direct replacements – computers taking over tasks like design and programming. Meanwhile, spending on AI infrastructure soars as investment in human skills steadily declines. Bloomberg reports that Microsoft is preparing to lay off thousands of workers next month, with most of the cuts expected to hit the company's sales and customer service divisions. It's a jarring move but not an