UK leads takedown of LockBit ransomware gang’s website

The LockBit ransomware gang’s website has been seized, several news agencies reported late Monday. The Reuters news agency and The Register are carrying stories based on a new splash screen that has appeared on the gang’s website. It says, “This site is now under the control of the National Crime Agency of the UK, working

Reddit sells user data to undisclosed AI company

An AI company has reportedly struck a $60 million annual deal with Reddit to use the platform’s user content for training its AI models. As Reddit prepares for an initial public offering (IPO), this deal, disclosed to potential investors, represents a significant move by the company to increase its value. The unnamed AI company has […]

OpenAI Sora launch leads to industry debate

OpenAI’s introduction of Sora, its first video-generation model, lauched last week with a a series of one minute text-to-video samples that were generally regarded as simply astonishing. Not only were they naturalistic, they didn’t have any of the flaws that have limited even the best video production done to date using AI. Despite the public […]

Quantum computing move toward “standard manufacturing”

Quantum computing is advancing from bespoke, made-to-order models towards a more standardized manufacturing approach, signaling a significant shift in the industry. Key developments include: Companies are pioneering the move towards manufacturing facilities, such as a new 100,000-square-foot facility outside Seattle, from a company called IonQ aiming for “Henry Ford kind of assembly lines” for quantum […]

Tech layoffs have made Meta more efficient and leaner: Zuckerberg

Mark Zuckerberg, CEO of Meta, attributes the series of tech layoffs in 2024 primarily to companies adjusting to post-pandemic realities and striving for a leaner workforce following a period of aggressive hiring during the COVID-19 pandemic. According to Zuckergberg, companies, including Meta, expanded their workforces significantly during 2020 and 2021, driven by the boom in […]