Author: GT

Minnesota Gov. Tim Walz has activated the state’s National Guard following a cyberattack on the state’s capital, Saint Paul. City officials have not yet disclosed the nature of the cyberattack, but the July 25 breach continues to disrupt city operations and some public services.  Saint Paul is one of the largest cities in the U.S., with more than 300,000 residents, and is the latest in a list of major cities targeted by hackers and ransomware gangs in recent years. In a statement on Tuesday, Walz said he authorized the National Guard’s cyber forces at the city’s request to help Saint…

Microsoft said Wednesday that annual revenue for its flagship Azure cloud computing platform has surpassed $75 billion, up 34% from a year earlier.The Azure cloud business is a centerpiece of Microsoft’s efforts to shift its focus to artificial intelligence, but until Wednesday the company hadn’t disclosed how much money it makes. The revelation came in the software giant’s end-of-year earnings report, one that also showed a 24% spike in the company’s quarterly profit that beat Wall Street expectations and pleased investors wary about Microsoft’s ongoing construction of costly new data centers needed to meet cloud computing and AI demand. “We…

The replica of the ARM is an electronic chip board during a collaborative ceremony launching a partnership between Malaysia and ARM Holdings in Kuala Lumpur, Malaysia, on March 5, 2025. Hari Anggara | Nurphoto | Getty ImagesArm Holdings shares dipped as much as 9% in after-hours trading on the company’s first-quarter earnings results Wednesday. Here’s how the company did, compared with estimates from analysts polled by LSEG:Earnings per share: 35 cents adjusted vs. 35 cents expectedRevenue: $1.05 billion vs. $1.06 billion expectedThe company said it expects second-quarter revenue in the range between $1.01 billion and $1.11 billion, which was in line with…

As Silicon Valley races toward a future where AI agents do most of the software programming, a new problem is created: finding the AI-generated bugs before they are put into production. Even OpenAI is dealing with such issues, a former employee has described.  Newly funded startup PlayerZero has created a solution: use AI agents trained to find and fix problems before the code is put into production, the startup’s CEO and sole founder, Animesh Koratana, tells TechCrunch. Koratana created PlayerZero while he was at the Stanford DAWN lab for machine learning under his adviser and lab founder, Matei Zaharia. Zaharia…

Meta’s artificial intelligence spending spree appears to be paying off with investors, who sent the company’s stock soaring after hours on Wednesday following a blowout quarterly earnings report.The Menlo Park, California-based company easily beat Wall Street’s expectations for the second quarter, helped by higher advertising revenue and a growing user base on its flagship social media platforms. The money is helping to fund the company’s massive investments in AI development and hiring top talent at eye-popping compensation levels. “Not only has Meta made demonstrable strides with AI, but it’s helping to future proof itself as a growth company, should its…

Signage at eBay headquarters in San Jose, California, U.S.David Paul Morris | Bloomberg | Getty ImagesShares of eBay popped 10% in extended trading on Wednesday after the online marketplace posted stronger-than-expected results for the second quarter, and offered an upbeat forecast for the current period.Here’s how the company did in the second quarter compared to analyst estimates compiled by LSEG.Earnings per share: $1.37 adjusted vs. $1.30 expected Revenue: $2.73 billion vs. $2.64 billion expected GMV, or the dollar value of items sold, grew 6% year over year to $19.5 billion. That topped analysts’ projected $18.9 billion, per StreetAccount estimates.For the…

Skyrocketing demand for copper promises to push prices to new heights. As the global economy transitions away from fossil fuels, it is going to need twice as much copper in the coming years than humanity has mined throughout all of its existence. Still Bright, a New Jersey-based startup founded in 2022, thinks it has found a novel (and cleaner way) to slash those costs. “The fact that we’ve already mined the easily mineable stuff, and the fact that we need many more mines to come into production every year — we’re talking like 60-plus mines — is it seems like…

WASHINGTON (AP) — President Donald Trump has announced a plan for a new private health tracking system that will make it easier for patients to access their health records and monitor their wellness across health care systems and technologies. The system, however, is raising a host of privacy questions. The collaboration between the federal government and Big Tech would allow patients to more seamlessly track and share their medical records or data among doctors, hospital systems and health apps, the administration and participating companies say. Details of the system were announced Wednesday during a White House event dubbed “Making Health…

Meta recently released a new video editing app for creators called Edits. The new app is designed to rival ByteDance’s CapCut, a popular short-form video-editing app used by many creators.  Meta first shared that it was working on Edits back in January after ByteDance-owned CapCut was removed from U.S. app stores when the TikTok ban momentarily went into effect. Although the app has since come back online and is available to download, TikTok’s future in the U.S. remains uncertain, so Meta is ready to capitalize on CapCut’s possible absence in the future with its new Edits app. We’ve created this…

If you read the typical 2025 mass layoff notice from a tech industry CEO, you might think that artificial intelligence cost workers their jobs.The reality is more complicated, with companies trying to signal to Wall Street that they’re making themselves more efficient as they prepare for broader changes wrought by AI.A new report Wednesday from career website Indeed says tech job postings in July were down 36% from their early 2020 levels, with AI one but not the most obvious factor in stalling a rebound.ChatGPT’s debut in late 2022 also corresponded with the end of a pandemic-era hiring binge, making…