Rightmove shares crashed nearly 25% after the property listings site warned profit growth would slow as it ramps up AI spending. The company forecasts just 3-5% operating profit growth next year, down from previous targets, despite £18 million in new AI investment.
Klarna faced a serious security issue where recycled phone numbers automatically logged new users into previous owners’ accounts. Internal Slack messages show the company estimated potential costs of $41.8 million before downplaying the incident. The company has now implemented email OTP verificatio
Chris Sacca’s Lowercarbon Capital announced a second nuclear fusion fund at the SOSV Climate Tech Summit. The firm previously raised $250 million for fusion in 2022 and backs leading startups including Commonwealth Fusion Systems, which recently raised $863 million.
JPMorgan Chase CEO Jamie Dimon forecasts that AI will enable developed nations to work just three-and-a-half days per week within 20-40 years. The banking giant already has 2,000 people building AI systems and 150,000 employees using large language models weekly. Dimon warns the transition will elim
The SAFE Act would prohibit U.S. scientists from receiving federal funding if they collaborate with researchers from China, Russia, Iran, or North Korea. Nearly 800 academics have signed a letter opposing the measure, warning it could devastate international scientific cooperation. The bill is curre
According to Reuters, scam ads could account for 10% of Meta’s revenue – about $16 billion annually. The company’s own research suggests its platforms are involved in a third of all successful US scams. Internal policies reportedly protect big spenders from being banned.
Apple’s entire custom silicon lineup faces significant price increases as TSMC passes on rising manufacturing costs. The 8-10% hikes come amid soaring 2nm development expenses and global memory shortages that are already affecting smartphone pricing across the industry.
A political consultant working with Italy’s Democratic Party has come forward as the latest victim of Paragon spyware. Francesco Nicodemo kept silent for 10 months to avoid political exploitation. The case raises fresh questions about spyware abuse in Italy’s ongoing surveillance scandal.
For the first time, a quantum computer has measured the elusive quantum signals that indicate electron pairing in superconductors. This breakthrough could help scientists develop materials that conduct electricity with zero resistance at room temperature, potentially revolutionizing energy transmiss
The FBI has subpoenaed web registrar Tucows for information about Archive.today’s owner. The October 30th demand seeks customer names, billing addresses, and payment records. This comes amid ongoing legal pressure on paywall bypass services.
