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Massive Allianz Life data breach impacts 1.1 million people

bleepingcomputer.com Unknown 2025-11-15 20:17:57

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

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

cnbc.com Mackenzie Sigalos 2025-11-15 17:51:21

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

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

9to5mac.com Marcus Mendes 2025-11-15 17:41:32

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

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Intel is getting a $2 billion investment from SoftBank

cnbc.com Kif Leswing 2025-11-15 22:50:22

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

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

futurism.com Unknown 2025-11-16 06:14:59

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

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

cnbc.com Samantha Subin 2025-11-16 12:47:14

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

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Linktree goes dark in India — and the company isn’t sure why

techcrunch.com Jagmeet Singh 2025-11-17 17:46:17

Linktree, the popular link-in-bio service used by millions of creators and businesses, has been inaccessible in India for several days — and its sudden disappearance from the Indian web remains a mystery, even to the Australian startup itself. Over the past week, Linktree has been inaccessible in India, with a few users raising the issue on X. Initially, TechCrunch noticed that the site briefly displayed a message suggesting it had been blocked by the Indian government. Later, this was replaced

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Bitcoin sinks to $115,000 after hitting its newest record, as macro concerns spark liquidation wave

cnbc.com Tanaya Macheel 2025-11-18 14:44:48

A worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin's price this year. The crypto market tumbled to begin the week as heightened macro concerns triggered more than $500 million in forced selling of long positions. The price of bitcoin was last lower by 2% at $115,255.70, after touching a new all-time high last week – its fourth one this year – at $124,496. At one point, it fell as low as $114,706. Ether slid 4% to $4,283.15 after

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U.S. seizes $2.8 million in crypto from Zeppelin ransomware operator

bleepingcomputer.com Unknown 2025-11-18 06:36:48

The U.S. Department of Justice (DoJ) announced the seizure of more than $2.8 million in cryptocurrency from suspected ransomware operator Ianis Aleksandrovich Antropenko. Antropenko, indicted in Texas for computer fraud and money laundering, was linked to Zeppelin ransomware, a now-defunct extortion operation that ran between 2019 and 2022. Apart from the digital asset seizure, the authorities also confiscated $70,000 in cash and a luxury vehicle. “Antropenko used Zeppelin ransomware to targe

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The AI Industry Is Still Light-Years From Making a Profit, Experts Warn

futurism.com Unknown 2025-11-17 17:30:44

Were you to glance at the trajectory of top AI stocks — OpenAI, Microsoft, Nvidia, and the like — you'd be convinced the industry is making money hand over fist. Look a bit deeper, however, and cracks start to show in that facade, betraying one massively inconvenient truth: that the AI industry has not yet figured out how to be profitable, and possibly never will. In interviews with the New York Times, even the most enthusiastic AI proponents were unable to spin the technology (and the industr

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OpenAI in talks to sell around $6 billion in stock at roughly $500 billion valuation

cnbc.com Ashley Capoot 2025-11-18 05:57:35

Sam Altman, CEO of OpenAI attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., on July 8, 2025. OpenAI is preparing to sell around $6 billion in stock as part of a secondary sale that would value the company at roughly $500 billion, CNBC confirmed Friday. The shares would be sold by current and former employees to investors including SoftBank, Dragoneer Investment Group and Thrive Capital, according to a person familia

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Applied Materials sinks 14% on weak guidance due to China demand

cnbc.com Samantha Subin 2025-11-18 16:01:10

Applied Materials shares plunged14% after the semiconductor equipment maker issued weak guidance as it faces demand pressures in China. The company forecast adjusted earnings per share of $2.11, falling short of the $2.39 per share expected by LSEG. The company projected $6.7 billion in revenue, versus the $7.34 billion estimate. During an earnings call with analysts, CEO Gary Dickerson said that the current macroeconomic backdrop and trade issues have fueled "increasing uncertainty and lower

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Applied Materials sinks nearly 14% on weak guidance due to China demand

cnbc.com Samantha Subin 2025-11-18 21:27:12

Applied Materials shares plunged14% after the semiconductor equipment maker issued weak guidance as it faces demand pressures in China. The company forecast adjusted earnings per share of $2.11, falling short of the $2.39 per share expected by LSEG. The company projected $6.7 billion in revenue, versus the $7.34 billion estimate. During an earnings call with analysts, CEO Gary Dickerson said that the current macroeconomic backdrop and trade issues have fueled "increasing uncertainty and lower

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SpaceX Has Likely Skirted Federal Income Taxes for Decades, Investigation Reveals

gizmodo.com Ellyn Lapointe 2025-11-18 21:25:29

Since its founding in 2002, Elon Musk’s SpaceX has emerged as the leading force in commercial spaceflight and a key launch provider for the U.S. government. A recent investigation suggests its dominance may stem—at least in part—from two decades of federal tax avoidance. Internal company documents reviewed exclusively by The New York Times show that SpaceX can exploit net operating loss (NOL) carryforwards, a U.S. tax provision that lets companies use past losses to offset future taxable income

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Applied Materials sinks 13% on weak guidance due to China demand

cnbc.com Samantha Subin 2025-11-19 16:07:03

Applied Materials shares plunged more than 13% after the semiconductor equipment maker issued weak guidance as it faces demand pressures in China. The company forecasted adjusted earnings of $2.11 per this quarter, falling short of the $2.39 per share expected by LSEG. The company projected $6.7 billion in revenue, versus the $7.34 billion estimate. During an earnings call with analysts, CEO Gary Dickerson said that the current macroeconomic backdrop and trade issues have fueled "increasing un

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ChatGPT’s mobile app has generated $2B to date, earns $2.91 per install

techcrunch.com Sarah Perez 2025-11-19 16:36:28

ChatGPT’s mobile app is raking in the revenue. Since launching in May 2023, ChatGPT’s app for iOS and Android devices has reached $2 billion in global consumer spending, according to a new analysis by app intelligence provider Appfigures. That figure is approximately 30-times the combined lifetime spending of ChatGPT’s rivals on mobile, including Claude, Copilot, and Grok, the analysis indicates. So far this year, ChatGPT’s mobile app has made $1.35 billion, up 673 percent year-over-year from

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Engadget Podcast: How real is Ford's $30,000 EV pickup truck?

engadget.com Unknown 2025-11-20 17:30:37

Ford has big plans for 2027: This week, the American carmaker announced a new "Universal EV Platform" for future electric cars, spearheaded by a $30,000 mid-sized EV pickup. In this episode, we're joined by SAE International Editor Roberto Baldwin to break down all of Ford's claims, as well as where its $5 billion manufacturing investment is going. Can Ford really rebound after slow EV sales and last year's disappointing product delays? Topics Ford has a plan for a ‘Universal EV Platform’ and

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Time to End Roundtripping by Big Pharma

news.ycombinator.com Brad W. Setser 2025-11-20 17:08:42

Sometimes a news story makes your case for you. That happened this past week, when the Wall Street Journal published a remarkable story on surging U.S. imports of peptides and protein-based hormones from Ireland. Chelsey Dulaney and Jared Hopkins wrote: “Planes have been jetting from Ireland to the U.S. this year carrying something more valuable than gold: $36 billion worth of hormones for popular obesity and diabetes drugs … The peptide- and protein-based hormones feed into a category of drug

Topics: billion companies pharmaceutical tax trade

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Applied Materials shares sink 10% on light forecast amid macroeconomic uncertainties

cnbc.com Kif Leswing 2025-11-21 06:59:18

Applied Materials shares sank more than 10% in extended trading Thursday as the semiconductor equipment company provided outlook for the current quarter that came in light. Here's how Applied Materials did in its third-quarter earnings results versus LSEG consensus estimates: EPS : $2.48, adjusted, versus $2.36 estimated. : $2.48, adjusted, versus $2.36 estimated. Revenue: $7.3 billion vs $7.22 billion estimated. Applied Materials said it expects $2.11 per share in adjusted earnings in the c

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Kodak Says Reports of Its Imminent Demise Are Greatly Exaggerated

gizmodo.com Lucas Ropek 2025-11-21 06:05:19

Fears have swirled that Kodak, one of the last large film companies in the world, may soon be shutting its doors. Those fears were spurred by a regulatory filing released Monday, in which the company spoke of its debt load and a lack of liquidity to pay it off. However, the company has since emerged to deny that it will be shutting down anytime soon. “Media reports that Kodak is ceasing operations, going out of business, or filing for bankruptcy are inaccurate and reflect a fundamental misunder

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Over $300 million in cybercrime crypto seized in anti-fraud effort

bleepingcomputer.com Unknown 2025-11-21 11:15:34

More than $300 million worth of cryptocurrency linked to cybercrime and fraud schemes has been frozen due to two separate initiatives involving law enforcement and private companies. One initiative is the T3+ Global Collaborator Program launched by the T3 Financial Crime Unit (T3 FCU), a joint effort deployed almost a year ago by intelligence firm TRM Labs, TRON, and Tether, with Binance joining as the first official member - all major forces in the blockchain space. According to intelligence

Topics: blockchain chainalysis fraud million t3

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Gen-Z’s Social Media Addiction May Have Ironically Led to an Indie Cinema Revival

gizmodo.com Lucas Ropek 2025-11-21 16:20:02

During the pandemic, movie theaters notably struggled, as social distancing restrictions all but temporarily killed their business model. Many smaller, independent theaters went out of business permanently. However, since the pandemic has ebbed, the film industry has slowly recovered. Attendance in theaters is not exactly where it was prior to the pandemic, but attendance is significantly higher than it was during Covid, and continues to climb. A new article published by The Guardian suggests t

Topics: billion independent sales theaters young

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Gemma 3 270M: Compact model for hyper-efficient AI

news.ycombinator.com Unknown 2025-11-21 18:08:36

Today, we're adding a new, highly specialized tool to the Gemma 3 toolkit: Gemma 3 270M , a compact, 270-million parameter model designed from the ground up for task-specific fine-tuning with strong instruction-following and text structuring capabilities already trained in. The last few months have been an exciting time for the Gemma family of open models. We introduced Gemma 3 and Gemma 3 QAT , delivering state-of-the-art performance for single cloud and desktop accelerators. Then, we announce

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Palantir's astronomical growth in 3 charts

cnbc.com Samantha Subin 2025-11-22 02:38:56

In this article PLTR Follow your favorite stocks CREATE FREE ACCOUNT Alexander Karp, chief executive officer and co-founder of Palantir Technologies Inc. Scott Eelis | Bloomberg | Getty Images Palantir 's astronomical rise since its public debut on the New York Stock Exchange in a 2020 direct listing has been nothing short of a whirlwind. Over nearly five years, the Denver-based company, whose cofounders include renowned venture capitalist Peter Thiel and current CEO Alex Karp, has surged more

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Perplexity AI’s $34.5 billion bid for Chrome underscores Google's hurdles ahead of IPO anniversary

cnbc.com Jennifer Elias Mackenzie Sigalos 2025-11-22 06:39:34

In this article GOOGL Follow your favorite stocks CREATE FREE ACCOUNT Sundar Pichai, chief executive officer of Alphabet Inc., during a visit to the Google for Startups campus in Warsaw, Poland, on Thursday, Feb. 13, 2025. The EU has established a reputation globally for its aggressive regulation of major technology companies, including the likes of Apple and Google over antitrust concerns. Photographer: Damian Lemanski/Bloomberg via Getty Images Damian Lemanski | Bloomberg | Getty Images Perp

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3 charts that show Palantir's astronomical growth over the last five years

cnbc.com Samantha Subin 2025-11-22 08:14:45

In this article PLTR Follow your favorite stocks CREATE FREE ACCOUNT Alexander Karp, chief executive officer and co-founder of Palantir Technologies Inc. Scott Eelis | Bloomberg | Getty Images Palantir 's astronomical rise since its public debut on the New York Stock Exchange in a 2020 direct listing has been nothing short of a whirlwind. Over nearly five years, the Denver-based company, whose cofounders include renowned venture capitalist Peter Thiel and current CEO Alex Karp, has surged more

Topics: billion company million palantir quarter

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Gemma 3 270M: The compact model for hyper-efficient AI

news.ycombinator.com Unknown 2025-11-22 06:08:36

Today, we're adding a new, highly specialized tool to the Gemma 3 toolkit: Gemma 3 270M , a compact, 270-million parameter model designed from the ground up for task-specific fine-tuning with strong instruction-following and text structuring capabilities already trained in. The last few months have been an exciting time for the Gemma family of open models. We introduced Gemma 3 and Gemma 3 QAT , delivering state-of-the-art performance for single cloud and desktop accelerators. Then, we announce

Topics: 270m gemma million model power

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Kodak has no plans to cease, go out of business, or file for bankruptcy

news.ycombinator.com Unknown 2025-11-22 05:09:23

Media reports that Kodak is ceasing operations, going out of business, or filing for bankruptcy are inaccurate and reflect a fundamental misunderstanding of a recent technical disclosure the Company made to the SEC in its recently filed second quarter earnings report. These articles are misleading and missing critical context, and we'd like to set the record straight. The most important things to know are: Kodak has no plans to cease operations, go out of business, or file for bankruptcy prote

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Lovable projects $1B in ARR within next 12 months

techcrunch.com Dominic-Madori Davis 2025-11-22 05:48:52

In Brief Vibe coding startup Lovable aims to hit $1 billion in annual recurring revenue within the next 12 months, according to its CEO, Anton Osika. Speaking on Bloomberg TV on Thursday, Osika said the company grows by at least $8 million in ARR each month. In a blog post written this summer, the company said it passed $100 million in ARR just eight months after making its first $1 million. Osika told Bloomberg Thursday the company is projecting to reach $250 million in ARR by the end of this

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Kodak denies it’s shutting down amid media reports of financial struggles

techcrunch.com Sarah Perez 2025-11-22 06:39:11

Eastman Kodak is denying reports that it’s shutting down. On Wednesday, media outlets like CNN and CNBC detailed the company’s ongoing financial challenges, including statements made in its earnings report that warned investors it didn’t have “committed financing or available liquidity” to meet debt obligations coming due within 12 months. However, Kodak quickly published a press release to counter these claims, noting it has “no plans to cease operations” or file for bankruptcy protection. Ra

Topics: claims company debt kodak million

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Latest Tech News

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

Linktree goes dark in India — and the company isn’t sure why

Bitcoin sinks to $115,000 after hitting its newest record, as macro concerns spark liquidation wave

U.S. seizes $2.8 million in crypto from Zeppelin ransomware operator

The AI Industry Is Still Light-Years From Making a Profit, Experts Warn

OpenAI in talks to sell around $6 billion in stock at roughly $500 billion valuation

Applied Materials sinks 14% on weak guidance due to China demand

Applied Materials sinks nearly 14% on weak guidance due to China demand

SpaceX Has Likely Skirted Federal Income Taxes for Decades, Investigation Reveals

Applied Materials sinks 13% on weak guidance due to China demand

ChatGPT’s mobile app has generated $2B to date, earns $2.91 per install

Engadget Podcast: How real is Ford's $30,000 EV pickup truck?

Time to End Roundtripping by Big Pharma

Applied Materials shares sink 10% on light forecast amid macroeconomic uncertainties

Kodak Says Reports of Its Imminent Demise Are Greatly Exaggerated

Over $300 million in cybercrime crypto seized in anti-fraud effort

Gen-Z’s Social Media Addiction May Have Ironically Led to an Indie Cinema Revival

Gemma 3 270M: Compact model for hyper-efficient AI

Palantir's astronomical growth in 3 charts

Perplexity AI’s $34.5 billion bid for Chrome underscores Google's hurdles ahead of IPO anniversary

3 charts that show Palantir's astronomical growth over the last five years

Gemma 3 270M: The compact model for hyper-efficient AI

Kodak has no plans to cease, go out of business, or file for bankruptcy

Lovable projects $1B in ARR within next 12 months

Kodak denies it’s shutting down amid media reports of financial struggles

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