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South Korean Man Arrested in $50 Million Crypto Scam

gizmodo.com Ece Yildirim 2025-10-31 07:48:32

A South Korean man was arrested in Bangkok, Thailand on Saturday, accused of laundering over $50 million worth of cryptocurrency into physical gold bars in the span of just three months. The man, identified by Thai authorities only as “Han,” was allegedly a key figure in a call-center fraud network that lured victims in with promises of 30-50% returns on investment. Authorities say the victims were paid off initially in small amounts to build trust before they started facing withdrawal limits l

Topics: crypto han million scams thai

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The Trump administration’s big Intel investment comes from already awarded grants

techcrunch.com Anthony Ha 2025-10-31 05:07:30

Intel officially announced an agreement with President Donald Trump’s administration on Friday afternoon, following Trump’s statement that the government would be taking a 10% stake in the struggling chipmaker. While Intel says the government is making an “$8.9 billion investment in Intel common stock,” the administration does not appear to be committing new funds. Instead, it’s simply making good on what Intel described as “grants previously awarded, but not yet paid, to Intel.” Specifically,

Topics: administration billion chips disrupt intel

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The US government is taking an $8.9 billion stake in Intel

engadget.com Unknown 2025-10-31 12:26:45

President Donald Trump says the US government is taking a 10 percent stake in chip maker Intel. Trump shared the news during a press conference on Friday, though an official announcement is still forthcoming, Reuters reports. News of a plan to convert Intel's previously promised CHIPS Act funding into equity in the company was first reported earlier in August. A meeting between Intel CEO Lip-Bu Tan and Trump following the President's call for Tan to resign seems to be the source of the deal. "H

Topics: billion chips government intel investment

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US government takes 10 percent stake in Intel in exchange for money it was already on the hook for

theverge.com Emma Roth 2025-10-31 16:45:38

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. The US is investing $8.9 billion into Intel, but most of the funds come from money that the government was supposed to pay the embattled chipmaker anyway. In an announcement on Friday, Intel said the federal government will fund its investment using the remainin

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Cybersecurity firm Netskope files to go public on the Nasdaq

cnbc.com Samantha Subin 2025-10-31 20:40:12

Sanjay Beri, chief executive officer and founder of Netskope Inc., listens during a Bloomberg West television interview in San Francisco, California. Cloud security platform Netskope will go public on the Nasdaq under the ticker symbol "NTSK," the company said in an initial public offering filing Friday. The Santa Clara, California-based company said annual recurring revenue grew 33% to $707 million, while revenues jumped 31% to about $328 million in the first half of the year. But Netskope i

Topics: company half million netskope year

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Ether surges, trading close to its record again after Powell speech teasing rate cuts

cnbc.com Tanaya Macheel 2025-11-01 08:00:27

The second-largest cryptocurrency was last higher by 12% at $4,738.91, according to Coin Metrics. Last week, ether nearly touched its 2021 all-time high of $4,866.01, before falling as low as the $4,000 level this Tuesday. The price of ether rebounded to near-record levels on Friday after Federal Reserve Chair Jerome Powell hinted at upcoming rate cuts and investors returned to risk-on mode. The moves came during Powell's annual address from Jackson Hole, Wyoming. "With policy in restrictive t

Topics: ether million outflows powell week

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YouTube Music just copied one of Spotify's best features - what's new

zdnet.com Artie Beaty 2025-11-01 08:15:08

YouTube Music / Elyse Betters Picaro / ZDNET Follow ZDNET: Add us as a preferred source on Google. ZDNET's key takeaways YouTube Music is 10, and it's introducing new features. Taste Match will work just like Spotify Blend. The music streaming service has more than 300 million tracks. YouTube Music is 10, and it's dropping some new features to celebrate. Also: How to download YouTube videos for free - 2 ways, including my favorite In a blog post about its 10th birthday, YouTube revealed

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Google scores six-year Meta cloud deal worth over $10 billion

cnbc.com Jordan Novet Jonathan Vanian 2025-11-02 14:39:50

Meta CEO Mark Zuckerberg makes a keynote speech at the Meta Connect annual event at the company's headquarters in Menlo Park, Calif., on Sept. 25, 2024. Meta has agreed to spend more than $10 billion on Google cloud services, according to two people familiar with the matter. The agreement spans six years, said the people, who asked not to be named because the terms are confidential. The deal was reported earlier by The Information. Google is aiming to land big cloud contracts as it chases lar

Topics: billion cloud google infrastructure meta

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Google scores six-year Meta cloud deal worth over $10B

news.ycombinator.com Jordan Novet Jonathan Vanian 2025-11-02 14:34:33

Meta CEO Mark Zuckerberg makes a keynote speech at the Meta Connect annual event at the company's headquarters in Menlo Park, Calif., on Sept. 25, 2024. Meta has agreed to spend more than $10 billion on Google cloud services, according to two people familiar with the matter. The agreement spans six years, said the people, who asked not to be named because the terms are confidential. The deal was reported earlier by The Information. Google is aiming to land big cloud contracts as it chases lar

Topics: billion cloud google infrastructure meta

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New iPhones and iPads in Russia must ship with state-backed messaging app preinstalled

9to5mac.com Marcus Mendes 2025-11-02 23:51:33

Earlier today, the Russian government announced a new rule requiring all phones and tablets to ship with MAX, its state-backed messenger app, preinstalled. Here are the details. As reported by Reuters, starting September 1, “gadget” makers will have to include MAX among the apps that must come preinstalled. That includes phones and tablets. RuStore, the country’s domestic application store, which up to now came preinstalled on Android devices, will also have to come preinstalled on all “gadget

Topics: max million preinstalled state users

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Workday beats estimates but CEO warns of challenges in education and government

cnbc.com Jordan Novet 2025-11-03 04:34:36

CEO of Workday Carl M. Eschenbach and Ana Eschenbach attend the Allen and Company Sun Valley Media and Technology Conference at The Sun Valley Resort in Sun Valley, Idaho, U.S., July 10, 2025. Workday reported an earnings beat on Thursday, but issued guidance that was inline with estimates and warned of pressure in some areas. The shares slipped in extended trading. Here's how the company did relative to LSEG consensus: Earnings per share: $2.21 adjusted vs. $2.11 expected $2.21 adjusted vs.

Topics: billion company quarter revenue workday

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How does the US use water?

news.ycombinator.com Brian Potter 2025-11-03 05:21:38

Water infrastructure often gets less attention and focus than other types of infrastructure. Both the Federal Highway Administration and the Department of Energy have annual budgets around $46 billion dollars. The Department of Housing and Urban Development has an annual budget of $60 billion. The closest thing the federal government has to a department of water infrastructure, the Bureau of Reclamation, has an annual budget of just $1.1 billion. Water in the US is generally both widely availabl

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Struggling fusion power company General Fusion gets $22M lifeline from investors

techcrunch.com Tim De Chant 2025-11-03 18:12:29

General Fusion, a Canadian nuclear fusion energy startup, announced today that it had been thrown a lifeline in the form of $22 million in fresh funding. The company had laid off at least 25% of its employees in May in a bid to shore up its stretched finances. At the same time, CEO Greg Twinney wrote an open letter pleading for funding. The additional cash will give General Fusion some breathing room, though not much. A subset of General Fusion’s existing investors ultimately ponied up for wha

Topics: capital company fusion general million

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YouTube Music celebrates 10 years with new features that help it compete with Spotify

techcrunch.com Sarah Perez 2025-11-04 04:00:00

YouTube is celebrating 10 years of its YouTube Music app on Thursday with the launch of new features that bring it closer to rival Spotify and others. The app will now include “Taste Match” playlists, which are playlists that combine multiple users’ overlapping interests, similar to Spotify Blend. The app will also start notifying users of upcoming releases, merch, and concerts, and is partnering with Bandsintown to help fans discover concerts when watching videos and Shorts on YouTube itself.

Topics: million music playlists users youtube

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Nvidia is latest investor to back AV startup Nuro in $203M funding round

techcrunch.com Kirsten Korosec 2025-11-04 23:30:00

Nvidia is among a group of new investors to back Nuro — which develops self-driving software for delivery and ride-hailing services — in a funding round that has reached $203 million. The Silicon Valley startup announced Thursday that several investors, including existing backer Baillie Gifford, added another $97 million to its Series E round. New investors include Icehouse Ventures, Kindred Ventures, Nvidia, and Pledge Ventures. Uber, which last month said it would make a “multi-hundred-millio

Topics: disrupt investment million nuro uber

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AI Is Failing at an Overwhelming Majority of Companies Using It, MIT Study Finds

futurism.com Unknown 2025-11-06 18:16:18

With AI software increasingly hogging the enterprise spotlight, companies and investors are spending like never before. In the first half of 2025, AI startups raised over $44 billion, more than all of 2024 combined. By the end of this year, a Goldman Sachs analysis estimates that total investments in AI will soar to almost $200 billion. But all that money is, to put it gently, a reckless gamble. In the US at least, investors have essentially bet the farm on the idea that AI will soon lead to ga

Topics: ai analysis billion companies like

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Databricks says it's valued at over $100 billion in latest funding round

cnbc.com Jordan Novet 2025-11-09 04:18:28

Databricks has just entered an exclusive club. The data analytics software vendor said Tuesday that it's raising a funding round that values the company at over $100 billion. That would make Databricks just the fourth private company to eclipse the $100 billion mark, following SpaceX, ByteDance and OpenAI, according to data from CB Insights. Databricks CEO Ali Ghodsi told CNBC's Brian Sullivan that the total round will exceed $1 billion. The company was last valued by private investors at $62

Topics: billion company databricks investors said

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Google to pay $30 million to settle class-action suit over children's privacy

engadget.com Unknown 2025-11-09 04:39:03

Google has reached a settlement over a lawsuit that claimed it illegally collected data from child users without parental consent through its YouTube video platform and then sent them targeted ads. The tech giant will shell out $30 million to settle the proposed class-action suit. According to Reuters , the plaintiffs' lawyers said there could be 35 million to 45 million class members. Children aged 13 or younger who watched YouTube between July 1, 2013 and April 1, 2020 could be covered. The pr

Topics: children google million settlement youtube

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Two Years After Oceangate, Another Billionaire Hears the Siren Call of the Titanic

gizmodo.com Lucas Ropek 2025-11-09 04:15:28

Two years ago, a guy named Stockton Rush was killed while piloting his “experimental” submarine towards the site of the Titanic. On board the “Titan” were four other unfortunate victims, including Pakistani businessman Shahzada Dawood (described as a billionaire) and his teenage son. Rush’s company, Oceangate, had made its money by courting wealthy clients and taking them on trips to the undersea site, but that all ended with an unfortunate implosion. Now, yet another billionaire has reportedly

Topics: billionaire company lahey oceangate titanic

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OpenAI Is Poised to Become the Most Valuable Startup Ever. Should It Be?

wired.com Kylie Robison 2025-11-09 18:00:00

OpenAI is reportedly on the verge of a roughly $500 billion valuation, a figure that would make it the most valuable private company in the world—bigger than SpaceX, TikTok’s parent company Bytedance, and even public giants like Palantir. It’s a staggering number for a company with an “astronomical burn rate.” How is this even possible? As Axios reports, there are actually two deals in play: a SoftBank-led round valuing the company at $300 billion, which won’t close until year’s end, and a seco

Topics: billion company investor like openai

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TechCrunch Mobility: Ford’s big bet

techcrunch.com Kirsten Korosec 2025-11-09 18:02:00

Welcome back to TechCrunch Mobility, your central hub for news and insights on the future of transportation. To get this in your inbox, sign up here for free — just click TechCrunch Mobility! Ford made its big EV announcement early this week — a plan to invest $2 billion to transform its Louisville Assembly Plant into a factory capable of making a new generation of affordable EVs, starting with a midsize pickup truck with a base price of $30,000 that is slated to launch in 2027. Amid the prese

Topics: company just million startup techcrunch

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Nebraska man gets 1 year in prison for $3.5M cryptojacking scheme

bleepingcomputer.com Unknown 2025-11-09 11:05:03

A Nebraska man was sentenced to one year in prison for defrauding cloud computing providers of over $3.5 million to mine cryptocurrency worth nearly $1 million. Charles O. Parks III (also known as "CP3O") was arrested and charged in April with wire fraud, money laundering, and engaging in unlawful monetary transactions. He was facing up to 20 years in prison in December after admitting that he didn't pay a $3.5 million bill after renting cloud computing time from two providers for his cryptojac

Topics: cloud computing million parks providers

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Intel will receive a $2 billion lifeline from SoftBank

theverge.com Emma Roth 2025-11-10 14:44:27

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. SoftBank will invest $2 billion into Intel as the struggling chipmaker pulls back on spending and lays off thousands of workers. In an announcement, SoftBank CEO Masayoshi Son said the investment aligns with the firm’s belief that “advanced semiconductor manufac

Topics: billion firm intel news softbank

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

cnbc.com Dylan Butts 2025-11-11 00:38:33

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

Topics: act billion company government intel

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Massive Allianz Life data breach impacts 1.1 million people

bleepingcomputer.com Unknown 2025-11-11 02:17:57

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

Topics: allianz company data life million

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Analysts downplay AI bubble worries as Altman says some investors will be left 'very burnt'

cnbc.com Mackenzie Sigalos 2025-11-10 23:51:21

The artificial intelligence boom that Sam Altman helped ignite with ChatGPT in late 2022 is starting to make even him uneasy. Startups with little more than a pitch deck are raising hundreds of millions. Valuations have become "insane." Capital is chasing a "kernel of truth" with feverish speed. The OpenAI CEO still believes the long-term societal upside of AI will outweigh the froth, and he's ready to keep spending in pursuit of that goal. "Are we in a phase where investors as a whole are ov

Topics: ai altman billion demand openai

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Trump administration eyes 10% stake in Intel using CHIPS Act funds, stock slides

9to5mac.com Marcus Mendes 2025-11-10 23:41:32

A few days ago, news broke that following a meeting with Intel CEO Lip-Bu Tan, the Trump administration was looking to take an unspecified stake in Intel. Now, Bloomberg says the number being discussed is around $10.5 billion. Here are the details. Not what the market seemed to be expecting Intel stock slid today, following Bloomberg‘s report that the Trump administration was considering converting Intel’s $10.9 billion CHIPS Act funding into an equity stake, potentially giving the U.S. govern

Topics: 10 billion chips equity intel

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Intel is getting a $2 billion investment from SoftBank

cnbc.com Kif Leswing 2025-11-11 04:50:22

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

Topics: billion company intel investment softbank

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Despite Getting Billions From the Government, Elon Musk’s SpaceX Pays Basically No Taxes

futurism.com Unknown 2025-11-11 12:14:59

Despite Getting Billions From the Government, Elon Musk’s SpaceX Pays Basically No Taxes "Billionaire freeloaders don’t pay taxes." Launch and Taxes For all his trash-talk of government welfare, billionaire Elon Musk has benefited from a lot of it in his time at the helm of his businesses, including SpaceX — and according to newly leaked documents, his space firm isn't even paying any taxes, either. As the New York Times reports, internal documents show that Musk has intimated to investors t

Topics: billion billionaire spacex tax taxes

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

cnbc.com Samantha Subin 2025-11-11 18:47:14

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

Topics: alto billion cents company palo

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Latest Tech News

South Korean Man Arrested in $50 Million Crypto Scam

The Trump administration’s big Intel investment comes from already awarded grants

The US government is taking an $8.9 billion stake in Intel

US government takes 10 percent stake in Intel in exchange for money it was already on the hook for

Cybersecurity firm Netskope files to go public on the Nasdaq

Ether surges, trading close to its record again after Powell speech teasing rate cuts

YouTube Music just copied one of Spotify's best features - what's new

Google scores six-year Meta cloud deal worth over $10 billion

Google scores six-year Meta cloud deal worth over $10B

New iPhones and iPads in Russia must ship with state-backed messaging app preinstalled

Workday beats estimates but CEO warns of challenges in education and government

How does the US use water?

Struggling fusion power company General Fusion gets $22M lifeline from investors

YouTube Music celebrates 10 years with new features that help it compete with Spotify

Nvidia is latest investor to back AV startup Nuro in $203M funding round

AI Is Failing at an Overwhelming Majority of Companies Using It, MIT Study Finds

Databricks says it's valued at over $100 billion in latest funding round

Google to pay $30 million to settle class-action suit over children's privacy

Two Years After Oceangate, Another Billionaire Hears the Siren Call of the Titanic

OpenAI Is Poised to Become the Most Valuable Startup Ever. Should It Be?

TechCrunch Mobility: Ford’s big bet

Nebraska man gets 1 year in prison for $3.5M cryptojacking scheme

Intel will receive a $2 billion lifeline from SoftBank

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

Massive Allianz Life data breach impacts 1.1 million people

Analysts downplay AI bubble worries as Altman says some investors will be left 'very burnt'

Trump administration eyes 10% stake in Intel using CHIPS Act funds, stock slides

Intel is getting a $2 billion investment from SoftBank

Despite Getting Billions From the Government, Elon Musk’s SpaceX Pays Basically No Taxes

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

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