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BNY Mellon will have custody of Ripple's new stablecoin as institutional interest in crypto swells

cnbc.com Tanaya Macheel 2025-08-12 10:41:45

Bank of New York Mellon will be the primary custodian for the Ripple's U.S. dollar-pegged stablecoin reserves going forward, the two companies said Wednesday. The partnership should enhance regulatory compliance for Ripple, the issuer of ripple USD (RLUSD), and boost institutional credibility for the company as well as the fast growing stablecoin industry. BNY is the nation's oldest bank and primarily serves institutions and corporations. It also adds to the growing number of traditional insti

Topics: bny companies institutions ripple stablecoin

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Why I don't ride the AI Hype Train

news.ycombinator.com Mert Bulan 2025-08-12 10:29:46

Ever since ChatGPT came out, the tech world has jumped on a new hype train—just like it did before with crypto, NFTs, and the metaverse. This time, I think the hype spread even faster because it was so easy to try—just open a website and start typing. ChatGPT quickly became one of the fastest-growing products ever, reaching 100 million users in 2 months. Like past trends, it also brought a lot of debate and strong opinions. I’ve used ChatGPT and other large language models (LLMs), and I’ve even

Topics: ai companies like models people

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Frame of preference A history of Mac settings, 1984–2004

news.ycombinator.com Marcin Wichary 2025-08-12 09:14:19

Words by Marcin Wichary / Technology by Mihai Parparita at Infinite Mac 8 July 2025 / 8,800 words / 10 emulators Frame of preference A history of Mac settings, 1984–2004 As a designer, I’m meant to dislike settings. As a user, I love them. Every year I celebrate Settings Day: a day when I take a look at the options and toggles in all the apps I use. I do this out of curiosity – what was added since the last time I looked? – but also because I love this way of getting to know software: peeking

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An AI That Promises to “Solve All Diseases” Is About to Test Its First Human Drugs

gizmodo.com Luc Olinga 2025-08-12 10:07:39

Deep inside Alphabet, the parent company of Google, a secretive lab is working on a promise so audacious it sounds like science fiction: to “solve all diseases.” The company, Isomorphic Labs, is now preparing to start its first human clinical trials for cancer drugs designed entirely by artificial intelligence. In a recent interview with Fortune, Colin Murdoch, President of Isomorphic Labs and Chief Business Officer of Google DeepMind, confirmed the company is on the verge of this monumental st

Topics: ai company drug isomorphic labs

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The Hidden Cost of OpenAI’s Genius

gizmodo.com Luc Olinga 2025-08-12 10:55:27

OpenAI is the undisputed poster child of the AI revolution, the company that forced the world to pay attention with the launch of ChatGPT. But behind the scenes, a desperate and wildly expensive battle is raging, and the cost of keeping the company’s geniuses in-house is becoming astronomical. According to a recent report from The Information, OpenAI revealed to investors that its stock-based compensation for employees surged more than fivefold last year to an astonishing $4.4 billion. That fig

Topics: company compensation openai revenue stock

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Apple COO Jeff Williams is retiring this year

engadget.com Unknown 2025-08-12 17:13:30

Jeff Williams is stepping down from his post as chief operating officer at Apple, the company announced today. Sabih Khan, senior vice president of operations for the company, will take over the COO title later this month. Following Williams' retirement later this year, the design team that he had overseen will report directly to CEO Tim Cook. He also leads the teams for the Apple Watch and the company's Health initiatives, but no details have been shared yet about who will head up those section

Topics: apple company cook khan williams

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Ask HN: What are some cool or underrated tech companies based in Canada?

news.ycombinator.com Unknown 2025-08-12 20:50:04

I'm based in Canada and curious to learn more about interesting or up-and-coming tech companies here — not just the usual big names like Shopify or Lightspeed, but also smaller startups, bootstrapped companies, or niche players doing great work in software, hardware, AI, sustainability, fintech, etc.

Topics: ai based big bootstrapped companies

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One of Tim Cook’s possible successors is leaving Apple

theverge.com Emma Roth 2025-08-13 01:54:57

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. Apple has announced that Sabih Khan, the company’s vice president of operations, will take over for Jeff Williams as chief operating officer later this month. In an announcement on Tuesday, Apple said the move is part of a “long-planned succession” that has Williams retiring at the end of this year. Williams, who oversaw the introduction of the iPo

Topics: apple company cook later williams

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US government confirms arrest of Chinese national accused of stealing COVID research and mass-hacking email servers

techcrunch.com Zack Whittaker 2025-08-13 01:40:42

In Brief The U.S. Justice Department has confirmed the arrest of Chinese national Xu Zewei, an alleged prolific contract hacker who carried out cyberattacks for China. Xu was arrested in Italy at the request of U.S. prosecutors. Xu and another Chinese national Zhang Yu, who remains at large, are accused in a nine-charge indictment of “hacking and stealing crucial COVID-19 research” from U.S. universities during February 2020. The DOJ said Xu worked for a company called Shanghai Powerock Networ

Topics: called chinese company hacking xu

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SpaceX in talks to raise new funding at $400B valuation

techcrunch.com Aria Alamalhodaei 2025-08-13 05:52:07

In Brief SpaceX is looking to raise fresh capital by selling new shares to insiders in a deal that would boost its valuation to around $400 billion, according to reporting from Bloomberg. The company’s strategy is to raise money via a fundraising round and separately hold a tender offer to allow employees to sell some of their shares to a select group of investors, anonymous sources told Bloomberg. SpaceX typically holds tender offers twice per year. SpaceX’s valuation has steadily climbed si

Topics: billion company spacex tender valuation

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You May Want to Buy a Nintendo Switch 2 Before Tariffs Drive Up the Price

gizmodo.com James Pero 2025-08-13 13:41:34

Nintendo’s Switch 2 may have avoided a tariff-related disaster at launch, but today is a new day full of fresh economic horrors, and that means (unfortunately for everyone) potentially new and more draconian U.S. tariffs. In letters to 14 countries sent on Tuesday, President Donald Trump threatened to drastically hike tariffs by as much as 40% by the end of the month, which, for the record, marks a several-week extension of prior tariffs that were set to take effect on July 9. Among those countr

Topics: japan nintendo switch tariffs vietnam

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Short Sellers Are Making a Fortune as Tesla's Stock Collapses

futurism.com Unknown 2025-08-13 16:51:45

They're making billions -- and Musk can't stop dragging the brand through the mud. Short Cake Tesla short sellers are making bank after CEO Elon Musk announced that he's doubling down on creating his own political party in the US, further shredding the brand and its tattered valuation. The company's shares slumped nearly seven percent on Monday, wiping out more than $68 billion in market cap. Investors who were shorting the EV maker — betting against its success, basically — were on track to

Topics: company musk sellers short tesla

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Blind to Disruption – The CEOs Who Missed the Future

news.ycombinator.com Unknown 2025-08-13 19:41:43

Posted on by steve blank How did you go bankrupt?” Two ways. Gradually, then suddenly.” Ernest Hemingway, The Sun Also Rises Every disruptive technology since the fire and the wheel have forced leaders to adapt or die. This post tells the story of what happened when 4,000 companies faced a disruptive technology and why only one survived. In the early 20th century, the United States was home to more than 4,000 carriage and wagon manufacturers. They were the backbone of mobility and the precu

Topics: car carriage cars companies early

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Trump's Biggest Tariff Deadline Lifts Soon: These 13 Companies Have Already Hiked Prices

cnet.com See Full Bio 2025-08-13 21:30:00

Higher prices for a lot of popular products seem inevitable on our current trajectory. James Martin/CNET In many cases and for many products in the US, the biggest impacts of President Donald Trump's aggressive tariff plans haven't hit yet -- but that could be about to change as the 90-day pause on the "reciprocal" tariffs is set to end this week. However things shake out, numerous companies have already hiked prices or said that they'll increase in the near-future -- including, most recently,

Topics: company hikes price prices tariffs

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Nothing Phone (3) review

techcrunch.com Ivan Mehta 2025-08-14 05:38:27

Carl Pei led electronics manufacturer OnePlus from being a scrappy brand for tech enthusiasts offering affordable phones to one that produces multiple lines of devices, including flagship phones that challenge Samsung and Apple. He is running a similar playbook with Nothing, a five-year-old, venture-backed hardware startup that just launched its most ambitious device, the Phone (3), earlier this month. The phone, priced at $799, is intended to compete with devices from Samsung and Apple. While

Topics: ai company key phone phones

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Apple Reportedly Loses Key AI Mind

gizmodo.com Luc Olinga 2025-08-14 13:21:10

Apple has kept a low profile in the artificial intelligence arms race. But now, a major talent loss is raising fresh questions about whether the iPhone maker is falling behind. According to Bloomberg, Meta has hired Ruoming Pang, a high-level engineer who led Apple’s foundation models team. Pang, a former Google veteran and key architect behind the large language models (LLMs) powering Apple Intelligence, will now join Meta’s elite AI unit focused on building superintelligent systems. His exit

Topics: ai apple models pang team

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Epanet-JS

news.ycombinator.com Tom Macwright 2025-08-11 06:57:19

epanet-js is a new web application that combines modern web maps with the industry-standard EPANET hydraulic simulation algorithm. It’s for people planning and updating water utility systems: connecting pipes and pressures and figuring out what will happen. It’s a problem area that I’m totally fascinated by and know very little about. It’s made by the folks from Iterating - Luke Butler and Sam Payá, who are experts in the field. If you’ve been following along with my blog and projects, you migh

Topics: code epanet folks open source

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Tesla’s Biggest Problem Is Its Own CEO

gizmodo.com Luc Olinga 2025-08-14 14:13:43

Tesla is Elon Musk. Elon Musk is Tesla. Rarely has a company’s identity been so inextricably linked to its CEO, for better and for worse. For years, this fusion was a superpower, giving Tesla an innovative mystique that captivated investors and propped up its valuation. Now, that same connection has become a massive liability. In a brutal reaction to Elon Musk’s latest political bombshell—the launch of his own political party—investors wiped nearly $70 billion off Tesla’s market capitalization

Topics: company elon musk political tesla

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Meta reportedly recruits Apple’s head of AI models

techcrunch.com Maxwell Zeff 2025-08-14 21:39:02

In Brief Apple’s head of AI models, Ruoming Pang, is leaving the company to work at Meta, Bloomberg reported on Monday. This marks the latest high-ranking AI executive Meta CEO Mark Zuckerberg has scooped up to lead his new AI superintelligence unit. Pang previously ran Apple’s in-house team that trained the AI foundation models that underpin Apple Intelligence and other on-device AI features, according to the report. Apple’s AI models haven’t exactly been a huge success — they’re far less cap

Topics: ai apple meta models pang

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Meta just hired Apple’s head of foundation models

9to5mac.com Marcus Mendes 2025-08-15 01:19:28

Apple’s top executive overseeing its in-house AI models is leaving the company, and heading to Meta. As reported by Bloomberg, Ruoming Pang is bound to Menlo Park, and joining Mark Zuckerberg’s all-star Meta Superintelligence Labs group, announced last week. Apple’s AI setbacks just keep on coming Pang joined Apple from Google in 2021, and had been managing the roughly 100-person team behind the models that power Apple Intelligence features like Genmoji, Priority Notifications, and on-device t

Topics: ai apple meta models pang

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Epic Games ends its antitrust lawsuit against Samsung

engadget.com Unknown 2025-08-15 00:58:07

Epic Games has dropped its suit against Samsung. "We’re dismissing our court case against Samsung following the parties’ discussions," Epic CEO and founder Tim Sweeney posted on X. "We are grateful that Samsung will address Epic’s concerns." The company filed the action in September. The lawsuit centered on the company's Auto Blocker feature, which only allows apps to be installed from the Google Play Store and Samsung Galaxy Store. Epic claimed this made it difficult for potential customers to

Topics: company epic google samsung store

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Waymo robotaxis are heading to Philadelphia and NYC

techcrunch.com Rebecca Bellan 2025-08-14 20:14:34

Waymo kicked off two “road trips” to Philadelphia and New York City on Monday, signaling the Alphabet-owned company’s interest in expanding into Northeastern cities. Waymo’s branded “road trips” don’t necessarily signal a commercial launch anytime soon. Waymo has announced several other road trips this year, including to Houston, Orlando, Las Vegas, San Diego, and San Antonio. Typically, the trips involve sending a small fleet of human-driven vehicles equipped with Waymo’s autonomous driving sy

Topics: city company road vehicles waymo

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Apple is still trying to overturn the ban on the Apple Watch blood oxygen sensor

engadget.com Unknown 2025-08-15 04:01:35

The company is attempting to unwind the decision with the US Court of Appeals for the Federal Circuit. Apple is making another attempt to appeal the trade ban that forced it to remove the blood oxygen sensor from its smartwatches, Reuters reports. The company was forced to remove the feature in 2024, following a decision from the International Trade Commission (ITC) in 2023 that banned sales of the Apple Watch for violating health tech startup Masimo's patents. The US Court of Appeals for the

Topics: apple blood company masimo oxygen

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What Happens to Tesla When Musk Picks Politics Over Cars?

gizmodo.com Luc Olinga 2025-08-15 05:13:43

Tesla is Elon Musk. Elon Musk is Tesla. Rarely has a company’s identity been so inextricably linked to its CEO, for better and for worse. For years, this fusion was a superpower, giving Tesla an innovative mystique that captivated investors and propped up its valuation. Now, that same connection has become a massive liability. In a brutal reaction to Elon Musk’s latest political bombshell—the launch of his own political party—investors wiped nearly $70 billion off Tesla’s market capitalization

Topics: company elon musk political tesla

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Employee gets $920 for credentials used in $140 million bank heist

bleepingcomputer.com Unknown 2025-08-15 13:10:50

Hackers stole nearly $140 million from six banks in Brazil by using an employee's credentials from C&M, a company that offers financial connectivity solutions. The incident reportedly occurred on June 30, after the attackers bribed the employee to give them his account credentials and perform specific actions that would help their operations. Insider threat According to Brazilian media reports, the employee (João Nazareno Roque) sold his corporate credentials to the hackers for roughly $920,

Topics: attackers brazilian company employee hackers

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What to expect from Samsung Unpacked July 2025: Galaxy Z Fold 7, Flip 7, Watch 8 Series, more

zdnet.com Kerry Wan 2025-08-15 17:54:00

Kerry Wan/ZDNET Three things are certain when July comes along: backyard barbecues, fireworks past midnight, and Samsung Unpacked. Just last month, Samsung confirmed that the next Unpacked event will take place on Wednesday, July 9, in Brooklyn, New York. This follows the host cities of Paris, France, and Seoul, South Korea, over the past two years -- with the company suggesting that it's chosen Brooklyn for its "bold ideas, creativity, and culture." Also: The best Samsung phones to buy in 20

Topics: company galaxy phone samsung unpacked

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Tesla’s real struggles have only just begun

theverge.com Andrew J. Hawkins 2025-08-15 17:43:00

is transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and City & State. Tesla used to be the envy of the auto world, with sky-high valuations, a relentless focus on tech, and a CEO that commanded unprecedented loyalty from his customers. Now the company’s reputation is in shambles, its financial future looks increasingly grim, and its costly bets on AI and robotics are unlikely to pay off anyt

Topics: company just musk tesla trump

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Waymo starts robotaxi testing in Philadelphia and NYC

techcrunch.com Rebecca Bellan 2025-08-15 21:14:34

Waymo kicked off two “road trips” to Philadelphia and New York City on Monday, signaling the Alphabet-owned company’s interest in expanding into Northeastern cities. Waymo’s branded “road trips” don’t necessarily signal a commercial launch anytime soon. Waymo has announced several other road trips this year, including to Houston, Orlando, Las Vegas, San Diego, and San Antonio. Typically, the trips involve sending a small fleet of human-driven vehicles equipped with Waymo’s autonomous driving sy

Topics: city company road vehicles waymo

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AI is forcing the data industry to consolidate — but that’s not the whole story

techcrunch.com Rebecca Szkutak 2025-08-16 05:00:00

The data industry is on the verge of a drastic transformation. The market is consolidating. And if the deal flow in the past two months is any indicator — with Databricks buying Neon for $1 billion and Salesforce snapping up cloud management firm Informatica for $8 billion — momentum is building for more. The acquired companies may range in size, age, and focus area within the data stack, but they all have one thing in common. These companies are being bought in hopes the acquired technology w

Topics: ai companies data said startups

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The digital future of industrial and operational work

technologyreview.com Mit Technology Review Insights 2025-08-16 09:00:00

Across all these scenarios, IT fundamentals—like remote access, unified login systems, and interoperability across platforms—are being handled behind the scenes and consolidated into streamlined, user-friendly solutions. The way employees experience these tools, collectively known as the digital employee experience (DEX), can be a key component of achieving business outcomes: Deloitte finds that companies investing in frontline-focused digital tools see a 22 % boost in worker productivity, a dou

Topics: ai companies digital experience systems

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Latest Tech News

BNY Mellon will have custody of Ripple's new stablecoin as institutional interest in crypto swells

Why I don't ride the AI Hype Train

Frame of preference A history of Mac settings, 1984–2004

An AI That Promises to “Solve All Diseases” Is About to Test Its First Human Drugs

The Hidden Cost of OpenAI’s Genius

Apple COO Jeff Williams is retiring this year

Ask HN: What are some cool or underrated tech companies based in Canada?

One of Tim Cook’s possible successors is leaving Apple

US government confirms arrest of Chinese national accused of stealing COVID research and mass-hacking email servers

SpaceX in talks to raise new funding at $400B valuation

You May Want to Buy a Nintendo Switch 2 Before Tariffs Drive Up the Price

Short Sellers Are Making a Fortune as Tesla's Stock Collapses

Blind to Disruption – The CEOs Who Missed the Future

Trump's Biggest Tariff Deadline Lifts Soon: These 13 Companies Have Already Hiked Prices

Nothing Phone (3) review

Apple Reportedly Loses Key AI Mind

Epanet-JS

Tesla’s Biggest Problem Is Its Own CEO

Meta reportedly recruits Apple’s head of AI models

Meta just hired Apple’s head of foundation models

Epic Games ends its antitrust lawsuit against Samsung

Waymo robotaxis are heading to Philadelphia and NYC

Apple is still trying to overturn the ban on the Apple Watch blood oxygen sensor

What Happens to Tesla When Musk Picks Politics Over Cars?

Employee gets $920 for credentials used in $140 million bank heist

What to expect from Samsung Unpacked July 2025: Galaxy Z Fold 7, Flip 7, Watch 8 Series, more

Tesla’s real struggles have only just begun

Waymo starts robotaxi testing in Philadelphia and NYC

AI is forcing the data industry to consolidate — but that’s not the whole story

The digital future of industrial and operational work

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