oxhak 5 days ago

Google reported negative free cash flow for the first time in a quarter, linked to massive AI spending as expenses rose to $200 billion.

Gizmodo

Google Free Cash Flow Turns Negative Due to Massive AI Spend

In a company first, Google ended a quarter with negative free cash flow, while upping expenses to $200 billion.

oxhak 5 days ago

Tesla must fix nearly 20,000 vehicles in a recall over headlights that are too bright.

CNET

Tesla Can't Avoid Recall Fix for Cars With Overly Bright Headlights - CNET

The company will need to issue a fix for nearly 20,000 vehicles.

oxhak 5 days ago

Alphabet reported negative free cash flow of $5.9bn as AI infrastructure spending rose. The company spent $45bn in the second quarter and expects up to $205bn in AI spending this year.

BBC News

Google and Tesla shares plunge as AI spending rattles markets

As major tech companies race to capitalize on a new wave of AI technology, investors wonder when financial benefits will appear.

oxhak 5 days ago

S&P Dow Jones Indices and Pantera Capital launched a new crypto index that excludes Bitcoin and ranks 18 blockchain networks by protocol revenue from the past two quarters.

crypto.news

S&P and Pantera exclude Bitcoin from new revenue-based crypto index

S&P and Pantera launched an 18-asset crypto index that excludes Bitcoin and XRP while ranking blockchain networks by protocol revenue.

oxhak 5 days ago

Upbound Group said hackers used stolen data from its systems to create $13 million in fraudulent Acima leases.

BleepingComputer

Upbound says hack caused $13 million in fraudulent Acima leases

The Upbound Group fintech company disclosed that threat actors who stole data from its systems leveraged it to create $13 million in Acima leases.

oxhak 5 days ago

Tesla reported holding 11,509 Bitcoin through Q2, with no purchases or sales, while recording a $112 million after-tax digital-asset loss.

crypto.news

Tesla holds 11,509 Bitcoin despite another $112M quarterly loss

Tesla retained 11,509 Bitcoin despite a $112 million crypto loss, as strong quarterly revenue was offset by weaker earnings and cash flow.

oxhak 5 days ago

A $50,000 T800 humanoid robot lost its head during Shenzhen’s first humanoid robot fighting tournament but continued fighting with its remaining systems.

TechRadar

A damaged robot continued fighting after losing its head-mounted sensors

This robot fight went completely off script after one devastating kick knocked an opponent

oxhak 5 days ago

Tesla kept its Bitcoin holdings steady at 11,509 BTC in the second quarter, while reporting a $112 million impairment loss as Bitcoin declined 14%.

Tesla holds bitcoin steady, reports $112M impairment loss

The electric vehicle maker maintained its 11,509 BTC treasury through the second quarter as bitcoin declined 14%, alongside mixed earnings that bea...

oxhak 5 days ago

South Korea says hackers breached the National Diplomatic Academy’s online education system for 10 months, stealing personal data of current and former Foreign Ministry employees, including diplomats overseas.

BleepingComputer

South Korea discloses data breach impacting diplomats worldwide

South Korea disclosed that hackers breached the National Diplomatic Academy's online education system for ten months and stole personal inform...

oxhak 5 days ago

An attacker drained about $912,000 in Bitcoin-backed collateral from Balance Coin vaults after manipulating a price oracle, according to security firms. https://news.bitcoin.com/another-stablecoin-bites-the-dust-as-blc-crashes-from-1-to-near-worthless/

oxhak 5 days ago

A setup mistake in OpenAI’s supposedly isolated testing environment enabled an AI-powered cyberattack on Hugging Face, cybersecurity experts say.

TechCrunch

How OpenAI’s human mistake led to the AI-powered hack on Hugging Face | TechCrunch

OpenAI made a mistake setting up what it called a “highly isolated” testing environment and sandbox. According to cybersecurity experts, that h...

oxhak 5 days ago

Bitcoin is holding key support and gaining ground, though a death cross remains active and prediction markets are still largely bearish.

Decrypt

Bitcoin Is Bouncing: Here’s the Bull and Bear Case for Its Next Move - Decrypt

The good news: Bitcoin is holding to support. The bad news: a death cross is still active, and prediction markets are overwhelmingly bearish.

oxhak 5 days ago

Yope raised $12.3 million in seed funding for a private social app built around small groups, messaging and photo sharing, without ads or algorithmic feeds. It is also adding AI features.

TechCrunch

Yope raises $12.3M to build a private social network without algorithms or ads | TechCrunch

Yope, a fast-growing social app focused on private groups of friends and family, has raised $12.3 million in seed funding. Instead of chasing creat...

oxhak 5 days ago

Bitcoin traded near $66,200 on Wednesday, moving between $65,536 and $66,921 as progress on the U.S. CLARITY Act remained slow. https://news.bitcoin.com/senate-republicans-push-clarity-act-with-15-days-left-as-bitcoin-struggles-near-66k/

oxhak 5 days ago

OpenAI said an autonomous AI agent went rogue during a test, accessed the open web and entered Hugging Face systems. The startup detected and contained the incident.

the Guardian

AI agent went rogue and hacked startup by itself, OpenAI reveals

Company behind ChatGPT says agent ‘cheated’ an evaluation by attacking a Hugging Face database

oxhak 5 days ago

Bitcoin slipped below $66,000 as renewed U.S.-Iran tensions pushed oil prices higher and raised expectations of another Federal Reserve rate hike this year.

Bitcoin price retreats below $66K as Trump’s Iran threat reignites Fed rate hike bets

oxhak 5 days ago

OpenAI appointed Nubank CEO David Vélez and BNY CEO Robin Vince to both its nonprofit and for-profit boards. The appointments come as the AI company considers a possible IPO as soon as 2027.

TNW | Artificial-Intelligence

OpenAI adds two banking CEOs to its board as an IPO looms

OpenAI has named Nubank’s David Vélez and BNY’s Robin Vince to its boards, adding Wall Street pedigree as it eyes a possible 2027 stock market...

oxhak 5 days ago

Data breaches at Suno and Paidwork exposed information from tens of millions of accounts, including names, email addresses, phone numbers, passwords, and financial details.

SecurityWeek

Suno, Paidwork Data Breaches Affect Tens of Millions of Accounts

Hackers have stolen tens of millions of records from AI music generator Suno and gig-work platform Paidwork.

oxhak 5 days ago

xAI has launched a Grok add-in for Microsoft Excel. Its sidebar agent offers data analysis and financial modeling features for a fee.

theregister

Grok muscles into Excel with an AI add-in of its own

xAI

oxhak 5 days ago

A report claims five major tech companies have $1.65 trillion in data center obligations kept off their balance sheets. The liabilities appear in quarterly footnotes and become due when the centers begin operating.

Tom

AI tech companies have ‘hidden debt’ worth around $1.65 trillion, report claims — amount is 122% of debt reflected on the balance sheets of Alphabet, Amazon, Meta, Microsoft, and Oracle

Mostly data center investments