Author: GT

WASHINGTON (AP) — Donald Trump and Elon Musk’s alliance took off like one of SpaceX’s rockets. It was supercharged and soared high. And then it blew up.The spectacular flameout Thursday hit a crescendo when Trump threatened to cut Musk’s government contracts and Musk said without providing evidence that Trump’s administration hasn’t released all the records related to sex abuser Jeffrey Epstein because Trump is mentioned in them.The messy blow-up between the president of the United States and the world’s richest man played out on their respective social media platforms after Trump was asked during a White House meeting with Germany’s…

Investors looking for both a bargain and income can find them in small-cap stocks, but they should be selective, according to Bank of America. Dividends are more prevalent than buybacks in the cohort, with some 40% of the Russell 2000 paying a dividend today, the firm said in a note Tuesday. While small caps face greater risk from tariffs and macro uncertainty, as well as from higher rates, they remain cheap compared with large-cap stocks, equity and quant strategist Jill Carey Hall wrote. The Russell 2000 was the first to enter bear market territory after President Donald Trump ‘s sweeping…

Steve Collins, the CTO of the game engine developer Unity, is stepping down, a company representative confirmed to TechCrunch. He joined Unity just six months ago after serving as CTO of King, the mobile gaming company behind Candy Crush. According to Unity, Collins made the decision to leave the company of his own accord. “We can confirm that Steve Collins has decided to leave Unity for personal reasons,” a company representative said. “We’re grateful for his contributions. As we continue our transformation, we’re confident our world-class tech team will keep driving the strategy forward.” Unity has faced much internal strife…

“My wife taught me something,” Klarna CEO Sebastian Siemiatkowski told the crowd at London SXSW. He was addressing the headlines about the company looking to hire human workers after previously saying Klarna used artificial intelligence to do work that would equate to 700 workers. “Two things can be true at the same time,” he said. Siemiatkowski said it’s true that the company looked to stop hiring human workers a few years ago and rolled out AI agents that have helped reduce the cost of customer support and increase the company’s revenue per employee. The company had 5,500 workers two years…

SAN FRANCISCO (AP) — A three-judge appeals panel rejected Apple’s request to pause an April 30 order banning the company from charging a fee on in-app iPhone transactions processed outside its once-exclusive payment system in a two-page decision issued late Thursday.The setback threatens to divert billions of dollars in revenue away from Apple while it tried to overturn the order reining in its commissions from e-commerce within iPhone apps.Apple sought to put the order on hold after it was issued by U.S. District Judge Yvonne Gonzalez-Rogers in a stinging rebuke that also held the Cupertino, California, company in civil contempt…

Reddit is suing Anthropic for allegedly using the site’s data to train AI models without a proper licensing agreement, according to a complaint filed in a Northern California court on Wednesday. Reddit claims in the complaint that Anthropic’s unauthorized use of the site’s data for commercial purposes was unlawful, and alleges the AI startup violated Reddit’s user agreement. Reddit’s lawsuit makes it the first Big Tech company to legally challenge an AI model provider over its training data practices, joining a litany of publishers that have sued tech companies on similar grounds. The New York Times has sued OpenAI and…

NEW YORK (AP) — The Nintendo Switch 2 finally hit store shelves on Thursday, eight years after the initial release of Japanese video-game maker Nintendo’s popular video game console.Even with a hefty $450 price tag, fans around the world, from Japan to the U.S., lined up outside stores to pick up pre-orders or have a chance to buy the device. The release ends months of anticipation that included pre-order hiccups and fears that tariffs would delay the release of the Switch 2.Here’s what to know about the release and where you can buy it. What is the Nintendo Switch?The Nintendo…

A ransomware gang claimed responsibility for the hack on Kettering Health, a network of hospitals, clinics, and medical centers in Ohio. The healthcare system is still recovering two weeks after the ransomware attack forced it to shut down all its computer systems.  Interlock, a relatively new ransomware group that has targeted healthcare organizations in the U.S. since September 2024, published a post on its official dark web site, claiming to have stolen more than 940 gigabytes of data from Kettering Health. CNN first reported on May 20 that Interlock was behind the breach on Kettering Health. At the time, however,…

It’s becoming a little easier to build sophisticated robotics projects at home. Earlier this week, AI dev platform Hugging Face released an open AI model for robotics called SmolVLA. Trained on “compatibly licensed,” community-shared datasets, SmolVLA outperforms much larger models for robotics in both virtual and real-world environments, Hugging Face claims. “SmolVLA aims to democratize access to vision-language-action [VLA] models and accelerate research toward generalist robotic agents,” writes Hugging Face in a blog post. “SmolVLA is not only a lightweight yet capable model, but also a method for training and evaluating generalist robotics [technologies].” SmolVLA is a part of Hugging…

TOKYO (AP) — Eager customers lined up outside electronics stores in Tokyo hours in advance to collect their pre-ordered Nintendo Switch 2 video game consoles.The much anticipated Switch 2, being released around the world Thursday, is an upgrade to its eight-year-old predecessor with new social features meant to draw players into online gaming. Nintendo is counting on the Switch 2 to boost sagging sales. Customers lin up to purchase Nintendo Switch 2 at an electronics retailer in Tokyo, Thursday, June 5, 2025. (AP Photo/Louise Delmotte) Customers lin up to purchase Nintendo Switch 2 at an electronics retailer in Tokyo, Thursday,…