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Bitcoin Drops Again. Skeptical Investment Strategist Calls It 'Useless'

Friday Bitcoin closed at just $59,948 — dropping 19% just for June and more than 50% lower than its record high in October of $124,310. To commemorate the occasion CNBC interviewed long-time bitcoin skeptic Jeremy Grantham, reporting that the 87-year-old cofounder/chief investment strategist of the massive asset-management firm GMO is "predicting it will gradually fade into irrelevance over…

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US Government Allows Anthropic Limited Release of 'Mythos' AI Model, Saying 'Appropriate Safeguards are in Place"

"The US government has allowed Anthropic to release its powerful Mythos AI model to select companies and organizations," reports CNN, "revising license requirements after ordering an export block earlier this month in the wake of national security fears." Since the export ban earlier in June, "Anthropic has worked with the US government to address risks associated with the Covered Models,"…

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Microsoft Adds Another Year To Windows 10 Extended Update Program

Microsoft has quietly extended free Windows 10 security updates for consumers by another year, pushing the Extended Security Updates (ESU) program's end date from October 12, 2026, to October 12, 2027. "The ESU support page was updated with that date, and Microsoft's blog post on the program has a new editor's note confirming the change," reports Ars Technica. From the report: The prevalence of…

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Anthropic Says Alibaba Must Be Punished For Largest Claude Cloning Attack

An anonymous reader quotes a report from Ars Technica: Anthropic has accused the Chinese firm Alibaba of launching the largest attack yet attempting to clone Claude, as China races to match the capabilities of Anthropic's leading model following Mythos' release and subsequent restriction from foreign markets. Ars obtained a June 10 letter sent to Senators Tim Scott (R-S.C.) and Elizabeth Warren…

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Meta Pauses Employee-Tracking Program Following Internal Data Leak

Meta has paused its Model Compatibility Initiative that tracked employee mouse movements, clicks, keystrokes, and screen content to train AI agents, after some of its collected data became accessible to more employees than intended. Meta says it has no evidence the information was improperly accessed and will not restart the program until it is confident in its safeguards. Wired reports: Meta…

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US AI Stock Sell-Off Shakes Markets From Wall Street To Asia

An anonymous reader quotes a report from The Guardian: A tech sell-off shook global markets on Tuesday as attention turned away from developments in the US war with Iran and toward the future of AI companies and chipmakers that have driven stock markets to record highs. The tech-heavy Nasdaq index closed 2.2% lower on Tuesday. The S&P 500 was also down by Tuesday afternoon, dropping 1.43% while…

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China Reclaims Fastest Supercomputer At 2 Exaflops

Longtime Slashdot reader hackingbear shares a report from TOP500: The 67th edition of the TOP500 list of the world's most powerful supercomputers was announced today at the ISC 2026 conference in Hamburg, Germany. LineShine, a previously unlisted system installed in China, debuts at No. 1, displacing El Capitan as the world's most powerful supercomputer as measured by the High Performance Linpack…

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Walmart, In Biggest Deal In Two Years, Buys Advertising Tech Firm Vibe.co

Walmart is acquiring self-serve connected-TV ad platform Vibe.co for a reported $1.4 billion, adding it to an advertising ecosystem that already includes smart-TV maker Vizio. AdExchanger reports: On Tuesday, Walmart announced that it is buying Vibe.co, the French self-serve ad platform that specializes in helping small brands buy streaming commercials with similar ease and precision as they get…

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Digital Euro Expected To Launch By 2029 After EU Backing

The European Parliament's economic committee has backed a digital euro designed to reduce Europe's dependence on US-controlled payment networks such as Visa and Mastercard. The ECB-backed currency is targeted for launch by 2029 after a full parliamentary vote and negotiations with EU member states. Euronews reports: Under the proposal, consumers would be able to hold digital euros in a dedicated…

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Oracle Cuts 21,000 Jobs As It Embraces AI

Oracle cut roughly 21,000 jobs over the past year as it reorganized around AI and ramps up spending on data centers for customers such as OpenAI and Meta. The restructuring cost the company about $1.8 billion and, while Oracle says AI deployment may drive further reductions, it also warns the cuts could create skills shortages and hurt productivity. The BBC reports: The software and cloud…

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Google Invests $75 Million In A24 To Develop AI-Powered Filmmaking Tools

Google is investing roughly $75 million in A24 as part of a research partnership with DeepMind to develop AI-powered filmmaking tools and workflows. "The deal represents the latest marriage between a Hollywood studio and AI in an era where companies have oscillated between partnerships and lawsuits," reports Variety. From the report: A24 partner Scott Belsky, who leads the studio's technology…

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Is Tesla Planning To Sell Modular AI Data Center Hardware?

Electrek reports: Tesla wants to sell modular AI data center hardware, according to a new trademark application for a product called "Megapod." The filing describes a complete, self-contained computing system for AI workloads... Tesla filed the "Megapod" trademark (serial number 99893717) with the U.S. Patent and Trademark Office this month, through its longtime IP counsel. It's an intent-to-use…

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FCC Wants To Kill Burner Phones By Forcing Telecoms To Get All Customers' IDs

An anonymous reader quotes a report from 404 Media: The Federal Communications Commission (FCC) wants to make it effectively impossible for people to buy what many call burner phones -- a phone not explicitly linked to your identity at the point of purchase -- which would impact privacy-conscious people, to domestic abuse survivors, to journalists, and many more. The FCC plans to do this by…

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'Severe' Stress On Oceans As Rate of Sea Level Rise Doubles In 10 Years, UN Warns

An anonymous reader quotes a report from The Guardian: The world's oceans are under "severe and accelerating" pressure from human activities, with the rate of sea-level rise double that of a decade ago, according to a damning assessment from the United Nations. The "intensifying" stressors, which include pollution and large-scale industrial fishing, are cumulative, said the report, resulting in…

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Prada Unveils 'Liquid Cooling' Inner-Layer Garment for NASA's Moon Astronauts with Knitted-In Ventilation Tubes

Italian fashion house Prada "unveiled on Sunday the inner-layer garment set to be worn by NASA astronauts heading to the moon," reports Reuters. "The body-hugging suit, created in collaboration with Houston-based space infrastructure developer Axiom Space, features ventilation tubes knitted into the garment." Expertise for developing space exploration products "can come from lots of seemingly…

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ISS Astronauts Told To Prepare For Possible Evacuation Over Air Leak

NASA ordered astronauts on the International Space Station to shelter in their spacecraft and prepare for possible evacuation after a worsening air leak in the Russian Zvezda service module's transfer tunnel. The Guardian reports: The four astronauts of NASA's Crew-12 mission on the station -- two US astronauts, a French astronaut and a Russian cosmonaut -- received orders from NASA mission…

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FBI Arrests CIA Official With $40 Million In Gold Bars In His Home

A senior CIA official, David Rush, was arrested after investigators found more than $40 million in gold bars and about $2 million in cash at his Virginia home. According to the New York Times, "The only charge lodged against David Rush is that he inflated his academic credentials and obtained military leave pay worth tens of thousands of dollars." From the report: The court papers describe Mr.…

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NASA Details Its Plan to Build a Lunar Base At the Moon's South Pole

NASA has outlined a three-phase plan to build a lunar base at the moon's south pole. The first phase, from 2026 to 2029, will focus on robotic missions, landers, rovers, reactors, satellites, and Blue Origin's Blue Moon Mark 1 Endurance test. Later phases will add habitats, power systems, communications, cargo logistics, and rotating crews. Wired reports: According to a recent press conference,…

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Europe Told To Cool Its Datacenter Boom Before Water, Power Run Short

A new Grundfos report warns that Europe's datacenter boom could strain water supplies and power grids unless regulators bake water and energy efficiency into planning, reporting, and incentives for new facilities. The Register reports: According to the report, the EU-wide server farm IT load is about 10 GW today, and is expected to rise to 35 GW by 2030 -- just four years away. These facilities…

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Occupy Wall Street Co-Founder Built an On-Device AI For Activists

An anonymous reader quotes a report from Gizmodo: In an era where Silicon Valley's conservatism is both expressed openly and becoming more intense by the day, it's strange to think that tech was once seen as a hive of liberalism. The right-wing nature of today's tech industry means that its products tend to also be seen as serving right-wing interests, either in their actual operation (like X's…

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Valve's Steam Deck Sells Out Again, Even After 40% Price Increase

Valve's Steam Deck has sold out again despite a steep price increase that pushed the 1TB OLED model as high as $949 -- about $300 above its original price. "Even with the $300 price bump, the Steam Deck sold out after less than 24 hours back in stock," reports IGN's Jacqueline Thomas. "I don't know how many units Valve was able to stock into its store, but it does seem like Valve spent a couple…

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IBM, Red Hat Commit $5 Billion To Secure Open Source Supply Chains

IBM and Red Hat are committing $5 billion to a new initiative called "Project Lightwell," which aims to secure open-source software supply chains with AI-assisted vulnerability discovery, triage, patch validation, and upstream maintenance. Longtime Slashdot reader wiggles shares a press release from IBM: IBM and Red Hat today announced Project Lightwell, a $5 billion commitment backed by new…

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DOJ Charges Google Employee With $1.2 Million Polymarket Bet On Search Term

An anonymous reader quotes a report from CNBC: Federal prosecutors charged a Google employee with fraud on Wednesday, alleging that he made $1.2 million off of bets using insider information on Polymarket. Prosecutors claim that Michele Spagnuolo, a staff information security engineer at Google, used confidential information to place trades correctly betting that singer d4vd would be Google's…

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Last.fm Goes Independent After Breaking Up With Paramount Skydance

Last.fm announced that it is independent again after separating from Paramount Skydance, nearly two decades after CBS acquired the music-tracking service in 2007. The company says accounts, scrobbles, privacy settings, Pro subscriptions, and billing information will remain intact. Additional details are forthcoming. Engadget reports: "Today, Last.fm begins a new chapter as an independent…

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Perfect Randomness Realized For the First Time

ETH Zurich researchers say they have generated certified "perfect randomness" for the first time by using a quantum Bell-test setup with two entangled superconducting chips connected by a 30-meter cooled link. "In the long term, this work could play a similar role in digital security as atomic clocks do for timekeeping: a physically certified source of randomness that other systems can rely on,"…

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Meta To Start Testing AI Subscription Services

Meta will begin testing paid subscriptions for its Meta AI app and website, with a $7.99/month Meta One Plus plan and a more capable $19.99/month Meta One Premium plan offering. The test will start next month in Singapore, Guatemala, and Bolivia as Meta looks for AI revenue beyond advertising while continuing to offer a free tier. CNBC reports: Naomi Gleit, the head of product at Meta, revealed…

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Rust Will Save Linux From AI, Says Greg Kroah-Hartman

Linux stable kernel maintainer Greg Kroah-Hartman says Rust can help Linux deal with a flood of AI-discovered security bugs (namely Dirty Frag, Copy Fail, and Fragnesia) by preventing common C mistakes around memory, locking, error handling, and untrusted data at build time rather than during human review. It's "not a silver bullet" and does not mean rewriting the whole kernel, but he said new…

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Tech CEOs Are Apparently Suffering From AI Psychosis

An anonymous reader quotes a report from TechCrunch: There is a certain wildness in the tech industry these days that both mimics previous eras of large changes, like cloud computing (runaway costs in the early days), and is like nothing we've ever seen before (record revenues accompanied by mass layoffs). One possible explanation: tech executives, especially CEOs, are collectively suffering from…

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Company Behind School Bus AI Cameras Wants To Share Footage With Police

joshuark writes: BusPatrol, a company that has installed AI-powered cameras in tens of thousands of school buses around the U.S., now plans to turn those cameras into automatic license plate readers (ALPRs), capturing the location of every vehicle the buses drive past, and give that data to law enforcement, 404 Media has learned. BusPatrol has already taken steps to share the collected data with…

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Starlink and Amazon May Be Able To Buy Into EU Mobile Satellite Spectrum Plan

An anonymous reader quotes a report from Reuters: Elon Musk's Starlink and Amazon's low-earth-orbit satellite business may be able to acquire some European mobile satellite spectrum next year, two people with direct knowledge of the matter said on Tuesday. But they said two-thirds of the satellite spectrum that allows mobile devices and vehicles to communicate seamlessly even in remote locations,…

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