Product development, internal operations among teams expected to be hit hardest. HP Inc. said that it will lay off 4,000 to 6,000 employees in favor of AI deployments, claiming it will help save $1 billion in annualized gross run rate by the end of its fiscal 2028. HP expects…
Several companies are selling crypto stockpiles in effort to fund share buybacks, shore up stock prices. Crypto-hoarding companies are ditching their holdings in a bid to prop up their sinking share prices, as the craze for “digital asset treasury” businesses unravels in the face of a $1 trillion cryptocurrency rout.…
Plan will offer guaranteed payments for British startups making AI hardware The UK government will promise to buy emerging chip technology from British companies in a 100 million pound ($130 million) bid to boost growth by supporting the artificial intelligence sector. Liz Kendall, the science secretary, said the government…
Voting system required three keys. One of them has been “irretrievably lost.” One of the world’s premier security organizations has canceled the results of its annual leadership election after an official lost an encryption key needed to unlock results stored in a verifiable and privacy-preserving voting system. The International…
So far, the hackers are laying low, likely for later use. Thousands of Asus routers have been hacked and are under the control of a suspected China-state group that has yet to reveal its intentions for the mass compromise, researchers said. The hacking spree is either primarily or exclusively…
Google’s AI infrastructure chief tells staff it needs thousandfold capacity increase in 5 years. While AI bubble talk fills the air these days, with fears of overinvestment that could pop at any time, something of a contradiction is brewing on the ground: Companies like Google and OpenAI can barely…
HEVC licensing gets more expensive in January. Some Dell and HP laptop owners have been befuddled by their machines’ inability to play HEVC/H.265 content in web browsers, despite their machines’ processors having integrated decoding support. Laptops with sixth-generation Intel Core and later processors have built-in hardware support for HEVC…
“I worry this is the big botnet flexing,” CEO said. But outage was self-inflicted. When a Cloudflare outage disrupted large numbers of websites and online services yesterday, the company initially thought it was hit by a “hyper-scale” DDoS (distributed denial-of-service) attack. “I worry this is the big botnet flexing,”…
Integration of Copilot Actions into Windows is off by default, but for how long? Microsoft’s warning on Tuesday that an experimental AI agent integrated into Windows can infect devices and pilfer sensitive user data has set off a familiar response from security-minded critics: Why is Big Tech so intent…
ChatGPT competitor secures billions from Microsoft and Nvidia in deal to use cloud services and chips. On Tuesday, Microsoft and Nvidia announced plans to invest in Anthropic under a new partnership that includes a $30 billion commitment by the Claude maker to use Microsoft’s cloud services. Nvidia will commit…
