×
Businesses

Gaming Giant Embracer Group Is Splitting Into Three Companies (theverge.com) 13

Jess Weatherbed reports via The Verge: Swedish gaming conglomerate Embracer Group announced plans on Monday to split itself into three distinct games and entertainment companies: Asmodee Group, Coffee Stain & Friends, and Middle-earth Enterprises & Friends. These will be separate, publicly listed companies, according to Embracer, which says the move will allow "each entity to better focus on their respective core strategies and offer more differentiated and distinct equity stories for existing and new shareholders." [...]

The three new companies will be broken down as follows:

- Middle-earth Enterprises & Friends: This company, which will be renamed from Embracer Group, is described as a "creative powerhouse in AAA game development and publishing" that will retain ownership of the Dead Island, Killing Floor, Kingdom Come Deliverance, Tomb Raider, and The Lord of the Rings IPs.
- Asmodee Group: a new arm dedicated to publishing and distributing tabletop games. The existing catalog includes established titles like Ticket to Ride, 7 Wonders, Azul, CATAN, Dobble, and Exploding Kittens. Asmodee is also developing licensed tabletop games based on The Lord of the Rings, Marvel, Game of Thrones, and Star Wars franchises. Embracer anticipates the spinoff and share listings will take place "within 12 months."
- Coffee Stain & Friends: described as a "diverse gaming entity" that will focus on indie, mid-market, and free-to-play games. Properties sitting under this new company include Deep Rock Galactic, Goat Simulator, Satisfactory, Wreckfest, Teardown, and Valheim. The share listings are projected to become available in 2025.

Power

AI Needs So Much Electricity That Tech Companies Are Getting Into Energy Business (sherwood.news) 49

An anonymous reader shares a report: To accommodate tech companies' pivots to artificial intelligence, tech companies are increasingly investing in ways to power AI's immense electricity needs. Most recently, OpenAI CEO Sam Altman invested in Exowatt, a company using solar power to feed data centers, according to the Wall Street Journal. That's on the heals of OpenAI partner, Microsoft, working on getting approval for nuclear energy to help power its AI operations. Last year Amazon, which is a major investor in AI company Anthropic, said it invested in more than 100 renewable energy projects, making it the "world's largest corporate purchaser of renewable energy for the fourth year in a row."
Operating Systems

How CP/M Launched the Next 50 Years of Operating Systems (computerhistory.org) 80

50 years ago this week, PC software pioneer Gary Kildall "demonstrated CP/M, the first commercially successful personal computer operating system in Pacific Grove, California," according to a blog post from Silicon Valley's Computer History Museum. It tells the story of "how his company, Digital Research Inc., established CP/M as an industry standard and its subsequent loss to a version from Microsoft that copied the look and feel of the DRI software."

Kildall was a CS instructor and later associate professor at the Naval Postgraduate School (NPS) in Monterey, California... He became fascinated with Intel Corporation's first microprocessor chip and simulated its operation on the school's IBM mainframe computer. This work earned him a consulting relationship with the company to develop PL/M, a high-level programming language that played a significant role in establishing Intel as the dominant supplier of chips for personal computers.

To design software tools for Intel's second-generation processor, he needed to connect to a new 8" floppy disk-drive storage unit from Memorex. He wrote code for the necessary interface software that he called CP/M (Control Program for Microcomputers) in a few weeks, but his efforts to build the electronic hardware required to transfer the data failed. The project languished for a year. Frustrated, he called electronic engineer John Torode, a college friend then teaching at UC Berkeley, who crafted a "beautiful rat's nest of wirewraps, boards and cables" for the task.

Late one afternoon in the fall of 1974, together with John Torode, in the backyard workshop of his home at 781 Bayview Avenue, Pacific Grove, Gary "loaded my CP/M program from paper tape to the diskette and 'booted' CP/M from the diskette, and up came the prompt: *

[...] By successfully booting a computer from a floppy disk drive, they had given birth to an operating system that, together with the microprocessor and the disk drive, would provide one of the key building blocks of the personal computer revolution... As Intel expressed no interest in CP/M, Gary was free to exploit the program on his own and sold the first license in 1975.

What happened next? Here's some highlights from the blog post:
  • "Reluctant to adapt the code for another controller, Gary worked with Glen Ewing to split out the hardware dependent-portions so they could be incorporated into a separate piece of code called the BIOS (Basic Input Output System)... The BIOS code allowed all Intel and compatible microprocessor-based computers from other manufacturers to run CP/M on any new hardware. This capability stimulated the rise of an independent software industry..."
  • "CP/M became accepted as a standard and was offered by most early personal computer vendors, including pioneers Altair, Amstrad, Kaypro, and Osborne..."
  • "[Gary's company] introduced operating systems with windowing capability and menu-driven user interfaces years before Apple and Microsoft... However, by the mid-1980s, in the struggle with the juggernaut created by the combined efforts of IBM and Microsoft, DRI had lost the basis of its operating systems business."
  • "Gary sold the company to Novell Inc. of Provo, Utah, in 1991. Ultimately, Novell closed the California operation and, in 1996, disposed of the assets to Caldera, Inc., which used DRI intellectual property assets to prevail in a lawsuit against Microsoft."

Power

What Happened After Amazon Electrified Its Delivery Fleet? (yahoo.com) 202

Bloomberg looks at America's biggest operator of private electrical vehicle charging infrastructure: Amazon. "In a little more than two years, Amazon has installed more than 17,000 chargers at about 120 warehouses around the U.S." — and had Rivian build 13,500 custom electric delivery vans. Amazon has a long way to go. The Seattle-based company says its operations emitted about 71 million metric tons of carbon dioxide equivalent in 2022, up by almost 40% since Jeff Bezos's 2019 vow that his company would eventually stop contributing to the emissions warming the planet. Many of Amazon's emissions come from activities — air freight, ocean shipping, construction and electronics manufacturing, to name a few — that lack a clear, carbon-free alternative, today or any time soon. The company has not made much progress on decarbonization of long-haul trucking, whose emissions tend to be concentrated in industrial and outlying areas rather than the big cities that served as the backdrop for Amazon's electric delivery vehicle rollout...

Another lesson Amazon learned is one the company isn't keen to talk about: Going green can be expensive, at least initially. Based on the type of chargers Amazon deploys — almost entirely midtier chargers called Level 2 in the industry — the hardware likely cost between $50 million and $90 million, according to Bloomberg estimates based on cost estimates supplied by the National Renewable Energy Laboratory. Factoring in costs beyond the plugs and related hardware — like digging through a parking lot to lay wires or set up electrical panels and cabinets — could double that sum. Amazon declined to comment on how much it spent on its EV charging push.
In addition to the expense of the chargers, electric vehicle-fleet operators are typically on the hook for utility upgrades. When companies request the sort of increases to electrical capacity that Amazon has — the Maple Valley warehouse has three megawatts of power for its chargers — they tend to pay for them, making the utility whole for work done on behalf of a single customer. Amazon says it pays upgrade costs as determined by utilities, but that in some locations the upgrades fit within the standard service power companies will handle out of their own pocket.

The article also includes this quote from Kellen Schefter, transportation director at the Edison Electric Institute trade group (which worked with Amazon on its electricity needs). "Amazon's scale matters. If Amazon can show that it meets their climate goals while also meeting their package-delivery goals, we can show this all actually works."
Businesses

Is Rivos Building an RISC-V AI Chip? (reuters.com) 10

Remember when Apple filed a lawsuit against chip startup Rivos (saying that in one year Rivos hired more than 40 former Apple employees to work on competing system-on-a-chip technology)? Apple settled that suit in February.

And now Tuesday Rivos announced that it raised $250 million, according to Reuters, "in a funding round that will enable it to manufacture its first server chip geared for artificial intelligence," combining a CPU with an AI-accelerating component optimized for LLMs and data analytics. Nvidia gobbled up more than 80% market share of AI chips in 2023. But a host of startups and chip giants have started to launch competing products, such as Intel's Gaudi 3 and Meta's inference chip — both unveiled last week. Rivos is tight-lipped about the specifics of the product, but has disclosed that its plans include designing chips based on the RISC-V architecture, which is an open source alternative to the architectures made by Arm, Intel, and Advanced Micro Devices.. [U]sing the open source alternative means Rivos does not have to pay a license fee to Arm. "RISC-V doesn't have a (large) software ecosystem, so I decided to form a company and then build software-defined hardware — just like what CUDA did with Nvidia," said Lip-Bu Tan, founding managing partner at Walden Catalyst, one of Rivos' investors.
Meanwhile, there's a rumor that Allen Wu, former chief executive of Arm China, has founded a new company that will develop chips based on RISC-V. Tom's Hardware writes: Under the leadership of the controversial Allen Wu, Zhongzhi Chip is reportedly attracting a notable influx of talent, including numerous former employees of Arm, indicating the new company's serious ambitions in the chip sector... [T]he company's operational focus remains partially unclear, with speculation around whether it will primarily engage in its own R&D initiatives or represent Tenstorrent in China as its agent... which develops HPC CPUs and AI processors based on the RISC-V ISA... Based on the source report, Zhongzhi Chip is leveraging its connections and forming alliances with several other leading global RISC-V chip developers.
Crime

Lying to Investors? Co-Founder of Startup 'HeadSpin' Gets 18-Month Prison Sentence for Fraud (sfgate.com) 28

The co-founder of Silicon Valley-based software testing startup HeadSpin was sentenced Friday to 18 months in prison and a $1 million fine, reports SFGate — for defrauding investors. Lachwani pleaded guilty to two counts of wire fraud and a count of securities fraud in April 2023, after federal prosecutors accused him of, for years, lying to investors about HeadSpin's finances to raise more money. HeadSpin, founded in 2015, grew to a $1.1 billion valuation by 2020 with over $115 million in funding from investors including Google Ventures and Iconiq Capital... He had personally altered invoices, lied to the company accountant and sent slide decks with fraudulent information to investors, [according to the government's 2021 criminal complaint]...

Breyer, per the New York Times, rejected Lachwani's lawyer's argument that because HeadSpin investors didn't end up losing money, he should receive a light sentence. The judge, who often oversees tech industry cases, reportedly said: "If you win, there are no serious consequences — that simply can't be the law." Still, the sentencing was far lighter than it could have been. The government's prosecuting attorneys had asked for a five-year prison term.

The New York Times reported in December that HeadSpin's financial statements had "often arrived months late, if at all, investors said in legal declarations," while the company's financial department "consisted of one external accountant who worked mostly from home using QuickBooks." And the comnpany also had no human resources department or organizational chart... After Manish Lachwani founded the Silicon Valley software start-up HeadSpin in 2015, he inflated the company's revenue numbers by nearly fourfold and falsely claimed that firms including Apple and American Express were customers. He showed a profit where there were losses. He used HeadSpin's cash to make risky trades on tech stocks. And he created fake invoices to cover it all up.

What was especially breathtaking was how easily Mr. Lachwani, now 48, pulled all that off... [HeadSpin] had no chief financial officer, had no human resources department and was never audited. Mr. Lachwani used that lack of oversight to paint a rosier picture of HeadSpin's growth. Even though its main investors knew the start-up's financials were not accurate, according to Mr. Lachwani's lawyers, they chose to invest anyway, eventually propelling HeadSpin to a $1.1 billion valuation in 2020. When the investors pushed Mr. Lachwani to add a chief financial officer and share more details about the company's finances, he simply brushed them off. These details emerged this month in filings in U.S. District Court for the Northern District of California after Mr. Lachwani had pleaded guilty to three counts of fraud in April...

The absence of controls at HeadSpin is part of an increasingly noticeable pattern at Silicon Valley start-ups that have run into trouble. Over the past decade, investors in tech start-ups were so eager to back hot companies that many often overlooked reckless behavior and gave up key controls like board seats, all in the service of fast growth and disruption. Then when founders took the ethos of "fake it till you make it" too far, their investors were often unaware or helpless...

Now, amid a start-up shakeout, more frauds have started coming to light. The founder of the college aid company Frank has been charged, the internet connectivity start-up Cloudbrink has been sued, and the social media app IRL has been investigated and sued. Last month, Mike Rothenberg, a Silicon Valley investor, was found guilty on 21 counts of fraud and money laundering. On Monday, Trevor Milton, founder of the electric vehicle company Nikola, was sentenced to four years in prison for lying about Nikola's technological capabilities.

The Times points out that similarly, FTX only had a three-person board "with barely any influence over the company, tracked its finances on QuickBooks and used a small, little-known accounting firm." And that Theranos had no financial audits for six years.
Businesses

23andMe CEO Anne Wojcicki Considers Taking Company Private (cnbc.com) 20

Ashley Capoot reports via CNBC: Anne Wojcicki, the CEO of 23andMe, is considering a proposal to take the genetic testing company private after its stock price tumbled more than 95% from its 2021 highs. A late Wednesday filing with the Securities and Exchange Commission said Wojcicki is working with advisors and plans to speak with possible financing sources and partners. She "wishes to maintain control" of the company and will "not be willing to support any alternative transaction," the filing said. [...] In November, 23andMe received a deficiency letter from the Nasdaq Listing Qualifications Department, which said the company had 180 days to bring its share price back above $1. The company's board of directors formed a "Special Committee" in late March to help explore options that could juice the stock.

A press release on Thursday said the committee was made aware of Wojcicki's interest in acquiring all of 23andMe's outstanding shares. Wojcicki owns shares that make up more than 20% of those outstanding, which equates to about 49% of voting power, the release said. "The Special Committee will carefully review Ms. Wojcicki's proposal when and if it is made available and evaluate it in light of other available strategic alternatives, including continuing to operate as a publicly traded company," the committee said in the release. "The Special Committee is committed to acting in the best interests of 23andMe and its shareholders." The committee has engaged Wells Fargo as its financial advisor, and it said there is "no assurance" that Wojcicki's offer would result in the proposed outcome.

EU

Porn Sites Face Strict EU Rules, Commission Says 36

Adult content companies Pornhub, Stripchat and XVideos will have to do risk assessment reports and take measures to address systemic risks linked to their services to comply with new EU online content rules, the European Commission said on Friday. From a report: The three companies were designated as very large online platforms last December under the Digital Services Act (DSA) which requires them to do more to remove illegal and harmful content on their platforms. Pornhub and Stripchat will have to comply with these DSA obligations, among the strictest, on April 21 and XVideos on April 23, the EU executive said. "These specific obligations include submitting risk assessment reports to the Commission, putting in place mitigation measures to address systemic risks linked to the provision of their services," it said in a statement.
Google

Google To Employees: 'We Are a Workplace' 260

Google, once known for its unconventional approach to business, has taken a decisive step towards becoming a more traditional company by firing 28 employees who participated in protests against a $1.2 billion contract with the Israeli government. The move comes after sit-in demonstrations on Tuesday at Google offices in Silicon Valley and New York City, where employees opposed the company's support for Project Nimbus, a cloud computing contract they argue harms Palestinians in Gaza. Nine employees were arrested during the protests.

In a note to employees, CEO Sundar Pichai said, "We have a culture of vibrant, open discussion... But ultimately we are a workplace and our policies and expectations are clear: this is a business, and not a place to act in a way that disrupts coworkers or makes them feel unsafe, to attempt to use the company as a personal platform, or to fight over disruptive issues or debate politics."

Google also says that the Project Nimbus contract is "not directed at highly sensitive, classified, or military workloads relevant to weapons or intelligence services."

Axios adds: Google prided itself from its early days on creating a university-like atmosphere for the elite engineers it hired. Dissent was encouraged in the belief that open discourse fostered innovation. "A lot of Google is organized around the fact that people still think they're in college when they work here," then-CEO Eric Schmidt told "In the Plex" author Steven Levy in the 2000s.

What worked for an organization with a few thousand employees is harder to maintain among nearly 200,000 workers. Generational shifts in political and social expectations also mean that Google's leadership and its rank-and-file aren't always aligned.
Businesses

Samsung Shifts To Emergency Mode With 6-day Work Week for Executives (kedglobal.com) 85

Korean newspaper KED Global: Executives at all Samsung Group units will work six days a week from as early as this week in a shift to emergency mode. The move comes as the won's sharp depreciation, rising oil prices and high borrowing costs aggravate business uncertainties after some of the group's mainstay businesses delivered poorer-than-expected results in 2023. The executives of Samsung Electronics Co., including those in the manufacturing and sales divisions, will work either on Saturday or Sunday following the regular five-day work week, according to Samsung Group officials.

They will review their business strategies and may modify them to adapt to the changing business environment amid mounting gepolitical risks from the prolonged war between Russia and Ukraine and escalating tensions in the Middle East. "Considering that performance of our major units, including Samsung Electronics Co., fell short of expectations in 2023, we are introducing the six-day work week for executives to inject a sense of crisis and make all-out efforts to overcome it," said a Samsung Group company executive.

Top management at Samsing Display Co., Samsung Electro-Mechanics Co. and Samsung SDS Co. will adopt the six-day work week as early as this week. Samsung Life Insurance Co. and other financial services firms under the Samsung Group will likely join them soon. Executives of Samsung C&T Corp., Samsung Heavy Industries Co. and Samsung E&A Co. have already been voluntarily working six days a week since the start of this year.

Communications

Northrop Grumman Working With SpaceX On US Spy Satellite System (reuters.com) 10

Longtime Slashdot reader SonicSpike shares a report from Reuters: Aerospace and defense company Northrop Grumman is working with SpaceX [...] on a classified spy satellite project already capturing high-resolution imagery of the Earth, according to people familiar with the program. The program, details of which were first reported by Reuters last month, is meant to enhance the U.S. government's ability to track military and intelligence targets from low-Earth orbits, providing high-resolution imagery of a kind that had traditionally been captured mostly by drones and reconnaissance aircraft. The inclusion of Northrop Grumman, which has not been previously reported, reflects a desire among government officials to avoid putting too much control of a highly-sensitive intelligence program in the hands of one contractor, four people familiar with the project told Reuters. 'It is in the government's interest to not be totally invested in one company run by one person,' one of the people said.

It's unclear whether other contractors are involved at present or could join the project as it develops. Northrop Grumman is providing sensors for some of the SpaceX satellites, the people familiar with the project told Reuters. Northrop Grumman, two of the people added, will test those satellites at its own facilities before they are launched. At least 50 of the SpaceX satellites are expected at Northrop Grumman facilities for procedures including testing and the installation of sensors in coming years, one of the people said. In March, Reuters reported that the National Reconnaissance Office, or NRO, in 2021 awarded a $1.8 billion contract to SpaceX for the classified project, a planned network of hundreds of satellites. So far, the people familiar with the project said, SpaceX has launched roughly a dozen prototypes and is already providing test imagery to the NRO, an intelligence agency that oversees development of U.S. spy satellites.

The Internet

Reddit Is Taking Over Google (businessinsider.com) 86

An anonymous reader quotes a report from Business Insider: If you think you've been seeing an awful lot more Reddit results lately when you search on Google, you're not imagining things. The internet is in upheaval, and for website owners the rules of "winning" Google Search have never been murkier. Google's generative AI search engine is coming from one direction. It's creeping closer to mainstream deployment and bringing an existential crisis for SEOs and website makers everywhere. Coming from the other direction is an influx of posts from Reddit, Quora, and other internet forums that have climbed up through the traditional set of Google links. Data analysis from Semrush, which predicts traffic based on search ranking, shows that traffic to Reddit has climbed at an impressive clip since August. Semrush estimated that Reddit had over 132 million visitors in August 2023. At the time of publishing, it was projected to have over 346 million visitors in April 2024.

None of this is accidental. For years, Google has been watching users tack on "Reddit" to the end of search queries and finally decided to do something about it. Google started dropping hints in 2022 when it promised to do a better job of promoting sites that weren't just chasing the top of search but were more helpful and human. Last August, Google rolled out a big update to Search that seemed to kick this into action. Reddit, Quora, and other forum sites started getting more visibility in Google, both within the traditional links and within a new "discussions and forums" section, which you may have spotted if you're US-based. The timing of this Reddit bump has led to some conspiracy theories. In February, Google and Reddit announced a blockbuster deal that would let Google train its AI models on Reddit content. Google said the deal, reportedly worth $60 million, would "facilitate more content-forward displays of Reddit information," leading to some speculation that Google promised Reddit better visibility in exchange for the valuable training data. A few weeks later, Reddit also went public.

Steve Paine, marketing manager at Sistrix, called the rise of Reddit "unprecedented." "There hasn't been a website that's grown so much search visibility so quickly in the US in at least the last five years," he told Business Insider. Right now, Reddit ranks high for product searches. Reddit's main competitors are Wikipedia, YouTube, and Fandom, Paine said, and it also competes in "high-value commercial searches," putting it up against Amazon. The "real competitors," he said, are the subreddits that compete with brands on the web.
A Google spokesperson told Business Insider that the company is essentially just giving users what they want: "Our research has shown that people often want to learn from others' experiences with a topic, so we've continued to make it easier to find helpful perspectives on Search when it's relevant to a query. Our systems surface content from hundreds of forums and other communities across the web, and we conduct rigorous testing to ensure results are helpful and high quality."
Businesses

Netflix Blows Past Earnings Estimates As Subscribers Jump 16% (cnbc.com) 35

Netflix on Thursday reported a 16% rise in memberships in the first quarter, reaching 269.6 million, beating Wall Street expectations. Starting next year, the company will no longer provide quarterly membership numbers or average revenue per user starting next year. CNBC reports: "As we've noted in previous letters, we're focused on revenue and operating margin as our primary financial metrics -- and engagement (i.e. time spent) as our best proxy for customer satisfaction," the company said in its quarterly letter to shareholders. "In our early days, when we had little revenue or profit, membership growth was a strong indicator of our future potential." Netflix said now that it is generating substantial profit and free cash flow -- as well as developing new revenue streams like advertising and a password-sharing crackdown -- its membership numbers are not the only factor in the company's growth. It said the metric lost significance after it started to offer multiple price points for memberships. The company said it would still announce "major subscriber milestones as we cross them."

Netflix also noted that it expects paid net additions to be lower in the second quarter compared to the first quarter "due to typical seasonality." Its second-quarter revenue forecast of $9.49 billion was just shy of Wall Street's estimate of $9.54 billion Shares of the company fell around 4% in extended trading. Netflix reported first-quarter net income of $2.33 billion, or $5.28 per share, versus $1.30 billion, or $2.88 per share, in the prior-year period. The company posted revenue of $9.37 billion for the quarter, up from $8.16 billion in the year-ago quarter.

Security

Frontier Communications Shuts Down Systems After Cyberattack (bleepingcomputer.com) 6

U.S. telecom provider Frontier Communications shut down its systems after a cybercrime group breached some of its IT systems in a recent cyberattack. BleepingComputer reports: Frontier is a leading U.S. communications provider that provides gigabit Internet speeds over a fiber-optic network to millions of consumers and businesses across 25 states. After discovering the incident, the company was forced to partially shut down some systems to prevent the threat actors from laterally moving through the network, which also led to some operational disruptions. Despite this, Frontier says the attackers could access some PII data, although it didn't disclose if it belonged to customers, employees, or both.

"On April 14, 2024, Frontier Communications Parent, Inc. [..] detected that a third party had gained unauthorized access to portions of its information technology environment," the company revealed in a filing with the U.S. Securities and Exchange Commission on Thursday. "Based on the Company's investigation, it has determined that the third party was likely a cybercrime group, which gained access to, among other information, personally identifiable information." Frontier now believes that it has contained the breach, has since restored its core IT systems affected during the incident, and is working on restoring normal business operations.

United States

Feds Hit Coding Boot Camp With Big Fine For Allegedly Conning Students 39

The US Consumer Financial Protection Bureau (CFPB) has slapped coding boot camp BloomTech -- formerly known as Lambda School -- with several punishments for alleged deceptive business practices. From a report: The business, which claims on its site it will help students land their "dream job" in tech at companies like Amazon, Cisco, and Google, accepted the consent order without admitting or denying any wrongdoing. In an announcement yesterday, the CFPB said it had taken action against BloomTech and its CEO Austen Allred for allegedly not disclosing the true cost of its loans to students and allegedly claiming overoptimistic hiring rates for BloomTech graduates. BloomTech, formerly Lambda School, has operated since 2017 and offers six- to nine-month vocational programs in science and engineering, with a focus on computer technology.

"BloomTech and its CEO sought to drive students toward income share loans that were marketed as risk-free, but in fact carried significant finance charges and many of the same risks as other credit products," said Rohit Chopra, director of the CFPB. With income share loans or income share agreements, BloomTech allowed students to pay tuition later but in exchange had to pay a percentage of their future income, CFPB claimed. The agency alleged that BloomTech explicitly told students that its income share loans (which cost an average of $4k "finance charge" to use) weren't actually loans at all. The CFPB claimed in the settlement order a "significant majority" of students used these loans to finance their education, and alleged each student could end up paying up to $30k of their income to BloomTech to settle the loans.
From the CFPB's press release: BloomTech advertised on its website that 71 to 86 percent of students were placed in jobs within six months of graduation, when its non-public reporting to investors consistently showed placement rates closer to 50 percent. Allred tweeted that the school achieved a 100 percent job-placement rate in one of its cohorts, and later acknowledged in a private message that the sample size was just one student.
Transportation

Boeing Aims To Bring Flying Cars To Asia By 2030 (nikkei.com) 84

U.S. aircraft manufacturer Boeing plans to enter the flying car business in Asia by 2030, looking to tap demand for the fast travel the vehicles could provide in the region's traffic-choked cities. Nikkei: Boeing Chief Technology Officer Todd Citron revealed the plans in an interview with Nikkei. The company is developing electric vertical take-off and landing (eVTOL) craft at subsidiary Wisk Aero. The aircraft will adopt autonomous technology, rare among eVTOL craft. The plan is to first obtain certification in the U.S. before expanding into Asia. Details of the Asia business will be finalized in the future, including whether Boeing will sell the aircraft to companies aiming to provide eVTOL transportation services or operate the services itself.

Boeing is currently considering which country in Asia to enter first, including Japan. In Japan, domestic startup SkyDrive and Germany's Volocopter are scheduled to operate air taxi services at the 2025 Osaka World Expo. Boeing opened a research and development base in Nagoya on Thursday. It first established R&D operations in Japan in 2022 but had been renting space from other companies until now.

Google

Google is Combining Its Android and Hardware Teams (theverge.com) 12

Google CEO Sundar Pichai announced substantial internal reorganizations on Thursday, including the creation of a new team called "Platforms and Devices" that will oversee all of Google's Pixel products, all of Android, Chrome, ChromeOS, Photos, and more. From a report: The team will be run by Rick Osterloh, who was previously the SVP of devices and services, overseeing all of Google's hardware efforts. Hiroshi Lockheimer, the longtime head of Android, Chrome, and ChromeOS, will be taking on other projects inside of Google and Alphabet. This is a huge change for Google, and it likely won't be the last one. There's only one reason for all of it, Osterloh says: AI. "This is not a secret, right?" he says.

Consolidating teams "helps us to be able to do full-stack innovation when that's necessary," Osterloh says. He uses the example of the Pixel camera: "You had to have deep knowledge of the hardware systems, from the sensors to the ISPs, to all layers of the software stack. And, at the time, all the early HDR and ML models that were doing camera processing... and I think that hardware / software / AI integration really showed how AI could totally transform a user experience. That was important. And it's even more true today."

Google

Google Terminates 28 Employees For Protest of Israeli Cloud Contract (reuters.com) 264

Google said on Thursday it had terminated 28 employees after some staff participated in protests against the company's cloud contract with the Israeli government. From a report: The Alphabet unit said a small number of protesting employees entered and disrupted work at a few unspecified office locations. "Physically impeding other employees' work and preventing them from accessing our facilities is a clear violation of our policies, and completely unacceptable behavior," the company said in a statement.

Google said it had concluded individual investigations, resulting in the termination of 28 employees, and would continue to investigate and take action as needed. In a statement on Medium, Google workers affiliated with the No Tech for Apartheid campaign called it a "flagrant act of retaliation" and said that some employees who did not directly participate in Tuesday's protests were also among those Google fired.

Businesses

Inside Amazon's Secret Operation To Gather Intel on Rivals (wsj.com) 17

Amazon staff went undercover on Walmart, eBay and other marketplaces as a third-party seller called "Big River," WSJ reports. The mission: to scoop up information on pricing, logistics and other business practices. From the report: For nearly a decade, workers in a warehouse in Seattle's Denny Triangle neighborhood have shipped boxes of shoes, beach chairs, Marvel T-shirts and other items to online retail customers across the U.S. The operation, called Big River Services International, sells around $1 million a year of goods through e-commerce marketplaces including eBay, Shopify, Walmart and Amazon under brand names such as Rapid Cascade and Svea Bliss. "We are entrepreneurs, thinkers, marketers and creators," Big River says on its website. "We have a passion for customers and aren't afraid to experiment."

What the website doesn't say is that Big River is an arm of Amazon that surreptitiously gathers intelligence on the tech giant's competitors. Born out of a 2015 plan code named "Project Curiosity," Big River uses its sales across multiple countries to obtain pricing data, logistics information and other details about rival e-commerce marketplaces, logistics operations and payments services, according to people familiar with Big River and corporate documents viewed by The Wall Street Journal. The team then shared that information with Amazon to incorporate into decisions about its own business.

[...] The story of Big River offers new insight into Amazon's elaborate efforts to stay ahead of rivals. Team members attended their rivals' seller conferences and met with competitors identifying themselves only as employees of Big River Services, instead of disclosing that they worked for Amazon. They were given non-Amazon email addresses to use externally -- in emails with people at Amazon, they used Amazon email addresses -- and took other extraordinary measures to keep the project secret. They disseminated their reports to Amazon executives using printed, numbered copies rather than email. Those who worked on the project weren't even supposed to discuss the relationship internally with most teams at Amazon.

Slashdot Top Deals