Oak raised $60M to give every user, machine, and AI agent one identity system

Most companies still cannot say who, or what, has access to their systems at any given moment. Oak, an Israeli startup, has raised $60M to fix that, and it is betting AI agents make the problem urgent [...]

Kalshi builds a forward curve for computing power as exchanges race to turn GPUs into a tradable commodity

Kalshi, the prediction markets exchange, has built a forward curve that tracks the future price of computing power, joining a growing list of exchanges and index operators trying to turn GPU rental co [...]

Dimon says AI already eliminated 30 to 40 percent of jobs in some JPMorgan divisions

JPMorgan Chase has cut jobs by as much as 40 percent in some parts of the bank using artificial intelligence, CEO Jamie Dimon told analysts during the company’s second-quarter earnings call on Tuesd [...]

India’s Udaan secures $160 million in new funding as it races to fix its balance sheet before an IPO

Indian B2B ecommerce platform Udaan has secured $160 million in a funding round that combines fresh equity from a new investor, additional debt, and the conversion of existing convertible bonds into e [...]

Nintendo is pulling a console from Europe over battery rules. Meta’s glasses just got exempted from them.

The European Commission has exempted wearable technology from rules requiring batteries that users can remove and replace. The change clears the biggest obstacle to Meta’s latest smart glasses reach [...]

Meta sued by 26 employees who say its AI systems targeted workers on medical leave for layoffs

Twenty-six current and former Meta employees have filed a federal lawsuit accusing the company of using AI-powered systems that disproportionately targeted workers with disabilities or who had taken m [...]

IBM shares plunge after preliminary Q2 revenue falls short of estimates despite surging AI bookings

IBM issued preliminary second-quarter results on Monday showing revenue of roughly $17 billion, up one percent year over year but well below the $18 billion that analysts had expected. Shares fell as [...]

Upwind links compromise of multiple AsyncAPI npm packages to coordinated attack on software release process

Developers often assume that packages published through official channels have passed through a secure release process. That assumption is fundamental to modern software development, where open sourc [...]

Paramount says it will take the Warner Bros merger to the Supreme Court if states block the deal

Paramount Skydance is still aiming to close its roughly $110 billion acquisition of Warner Bros Discovery by the end of September despite a lawsuit filed by 12 state attorneys general seeking to block [...]