Recent News
Apple Creator Studio Gets New AI Assistants, MotionVFX Tools and Generate Fill
Apple announced a major update to the Apple Creator Studio on Tuesday. The Cupertino-based tech giant has introduced new AI-powered tools and creative features across its video editing, music production, image editing, and productivity apps. The Final Cut Pro app now includes MotionVFX effects and improved editing workflows, while Logic Pro introduces an intelligent a...
Asia shares up ahead of US tech results
Asia stocks rallied on Wednesday after a resurgence in AI enthusiasm ahead of earnings from industry bellwethers later in the US day, while the dollar was perky ahead of a Federal Reserve policy decision. The AI rally faces its next test when technology giants Alphabet and Microsoft report earnings after market close, with investors looking for evidence of returns that would justify the hefty price of AI build-out. Ahead of US earnings, MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.85 percent in early Asia trade, with Japan's Nikkei adding 1.2 percent and South Korea's Kospi jumping more than three percent. The Hang Seng Index was slightly lower in mid-morning trade, down 0.02 percent, at 23,036. (Reuters) Edited by Aaron Tam
VCs will make billions on Anthropic’s IPO, but Amazon is set to make much (much) more
Massive note conversions reveal the true extent of Amazon's ownership in Anthropic.
A New Dwarf Planet (Probably) Spotted Beyond Pluto
The object, known for now as 2026 ED138, is one of the first discoveries by the new Vera C. Rubin Observatory in Chile.
Parents sue OpenAI, alleging GPT-4o coached their daughter off seizure medication
A family is suing OpenAI, saying ChatGPT coached their daughter to quietly taper off her seizure medication and keep it from her doctors before she died in February.
US consumer confidence up in October on fuel cost lull
US consumer confidence improved in October, driven primarily by a lull in fuel price increases, according to a key indicator published on Tuesday, a week before crucial midterm elections that will decide control of Congress. The Conference Board's Consumer Confidence Index rose by 7.5 points to 91.7 in October, the organisation said in a statement. The data defied analyst expectations of a drop in confidence. "The recovery was in line with retail gasoline prices easing from September to October," said Fergus McCormick, senior economist at the Conference Board. "Yet, despite the increase in October, consumer confidence remained on the long-term downward trend that's persisted over the past few years." The rising cost of living is a core voter concern going into the November 3 elections, in which the Democratic Party is seeking to wrest control of Congress from US President Donald Trump's Republicans. Trump's war on Iran has driven up global energy prices, exacerbating already high inflation in the United States as the price for regular petrol has increased by more than 40 percent since the start of the conflict. Trump welcomed the October consumer confidence data in a post on social media, calling it "an extremely big rise." (AFP) Edited by Cecil Wong
The data center boom has an upside: innovation for the US grid
As the AI boom stresses the existing power grid, all sorts of new opportunities for grid modernization are also emerging as a result, industry insiders say.
Guidewire buys Hyperexponential for $1.7B in cash
The deal, expected to close sometime next year, is to help bring AI agents to work alongside humans to underwrite, analyze, and price decisions.
Wall Street ends higher on revived AI momentum
An AI-fueled tech rally sent US stocks to a higher close on Tuesday as third-quarter reporting season gained steam, while the US Federal Reserve convened for its penultimate meeting of the year. The tech-heavy Nasdaq led the gains. The buzz surrounding details of Anthropic's impending initial public offering helped boost chip stocks for the third consecutive session. Growing concerns over the viability of debt-funded spending amid rising borrowing costs have weighed on the AI trade this month. To fund its AI expansion, Meta increased its largest-ever equity fundraising to US$97.5 billion, sending the Facebook parent's shares down 1.6 percent. "(The Anthropic news) seems to be giving a little bit of a relief rally to the AI stocks, particularly the semis," said Chuck Carlson, CEO at Horizon Investment Services in Hammond, Indiana, referring to chip stocks. "Those stocks have gotten clobbered in recent weeks and they were probably due for a bounce." Economic data showed rising new orders for computers and peripheral equipment, supporting the notion of strong AI-related spending. Nearly half of S&P 500 companies have reported third-quarter results. Of those, 83 percent have delivered better-than-expected results, according to the most recent available LSEG data. Boeing tumbled 10.7 percent following its bigger-than-expected third-quarter loss, while water-management company Xylem slid 14.2 percent after trimming full-year forecasts. United Parcel Service advanced 5.8 percent after the package delivery firm raised its annual revenue and profit forecasts. Sherwin-Williams' quarterly profit miss sent the stock 2.7 percent lower, weighing on the Dow. Royal Caribbean rose 5.5 percent after the cruise operator lifted its full-year profit forecast. Microsoft and Alphabet results are expected on Wednesday, while Amazon.com is due to report on Thursday. The Fed convened on Tuesday for its October monetary policy meeting, which is widely expected to culminate in a decision to keep the fed funds target rate on hold in the 3.75 to 4 percent range, saving its second rate hike of the year for its final meeting in December, according to CME's FedWatch tool. "There seems to be more confidence that the Fed isn't going to do anything at this meeting, partly because we have an election on Tuesday," Carlson added. "There's probably at least some relief that the rate situation is not going to get in the way of a rally." The Dow Jones Industrial Average rose 15 points, or 0.03 percent, to 52,377, the S&P 500 gained 45 points, or 0.6 percent, to 7,722 and the Nasdaq Composite gained 308 points, or 1.2 percent, to 26,477. (Reuters) Edited by Cecil Wong
From 8VC to Benchmark, here’s what’s hiding in October SEC filings
A whole crop of venture capital firms are raising significant new funds.
GM is embracing hybrids now
GM eschewed hybrids in favor of battery-electric vehicles. Now it's gearing up to offer hybrid versions of its SUVs.
Bank of America kindly asks that you don’t share your banking password with your AI assistant
The banking giant reminds customers that "you're responsible for activity" resulting from your AI agents' access.
Who’s really in charge at Anthropic after the IPO?
Here's a clear explanation of Anthropic's incredibly complex governance structure.
Discord is making its public communities more searchable, and people have concerns
In December, messages from Discord's public discoverable servers will begin appearing in search engine results.
Re:Build, which spun out Slate Auto, raises $2.1B
The manufacturing accelerator bills itself as "America’s answer to Shenzhen."
Disruptive raises $10B fund to make big bets on at least 10 companies
Disruptive has made headlines in recent years for pouring money into companies like chip startup Groq and the AI voice-generation startup ElevenLabs.
Fungi get their own global conservation strategy
A new global strategy launched at the U.N. biodiversity conference in Armenia aims to bring fungi — from mushrooms to yeasts — into international conservation efforts.
Frontier AI labs say their models refuted the Exponential Time Hypothesis. What does that mean?
TechCrunch spoke to the MIT computer scientist charged with explaining OpenAI's latest mind-bending discovery.
Google’s Genie 4 world model adds audio, more realistic worlds, and real-time steering
Genie 4 can maintain a consistent scene for up to two minutes, double Genie 3's limit, and offers better physics and more humanlike characters.
Tailscale Rushes Patches After Uncoordinated Disclosure of ‘Tailworm’ Flaws
Tailscale is preparing a patch for Tailscale SSH flaws whose details went public over the weekend, before any fixes had been released. The post Tailscale Rushes Patches After Uncoordinated Disclosure of ‘Tailworm’ Flaws appeared first on SecurityWeek.
Meta AI director Rohit Patel leaves to take on Microsoft Office and Google Workspace
Rohit Patel is departing Meta after eight years working on AI evaluations and reinforcement learning, TechCrunch has exclusively learned. His startup, Ndoc, aims to take on Microsoft Office Suite.
Ford Fathom will be the cheapest American EV capable of powering a house
Ford is rolling out two new chargers capable of powering a home or the grid — so-called V2X capability.
US government says hackers are now exploiting critical PHP web bugs
The U.S. government cyber agency warns that hackers have figured out a way to exploit the popular PHP software, used in 70% of the web's software.
WhatsApp Is Reportedly Working on a New Settings Menu for Android Users
WhatsApp's upcoming Android settings redesign introduces rounded containers that group related options together, replacing the existing flat list. The interface was spotted in beta version 2.26.43.3 on the Google Play Store. The new layout uses Google's Material Design 3 Expressive segmented list style, with corner shapes that vary according to each item's position wi...
Anthropic Says Mythos 5 Used Fake Identities to Get Malicious Code Approved on GitHub
Anthropic's evaluation of Mythos 5 revealed multiple cases of the AI model acting beyond the intended scope of cybersecurity tests. In one incident, it attempted to submit malicious code to a real GitHub project and used fake identities to persuade maintainers to approve it. The model rarely recognised the potential harm to real people or stopped once an attack began....
Binance Pursues Brazilian Regulatory Approval Ahead of October 30 Deadline
Binance has applied for a cryptocurrency service provider licence in Brazil through its local affiliate ahead of an October 30 regulatory deadline. The exchange aims to expand beyond digital asset trading by offering financial services such as bill payments, international transfers and foreign exchange transactions. Binance has also reorganised its Brazilian operation...
iQOO Neo 12, iQOO Pad Pro With Snapdragon 8 Elite Gen 5 SoC Spotted on Geekbench Ahead of Launch
The iQOO Neo 12 scored 3,172 points in Geekbench's single-core test and 10,689 points in its multi-core test, while the iQOO Pad Pro recorded 3,118 and 10,523 points, respectively. Both devices are listed with Qualcomm's Snapdragon 8 Elite Gen 5 chipset and Android 17. The smartphone is expected to feature a 9,000mAh battery, 100W charging and a 185Hz display, while t...
X Appears to Be Nudging Users to Pay to Promote Posts With a Giant Hand Graphic
X has introduced a new on-screen prompt that directs users towards the Promote button while they are composing posts. The new graphics are drawing confusion and criticism from users on the social media platform. The feature displays a large pointing hand on the screen, encouraging users to consider promoting their content. Many users have shared screenshots of the une...
Ethereum Resolves Glamsterdam Bug That Could Have Redirected Staking Deposits
Ethereum developers have merged a fix for a Glamsterdam upgrade vulnerability that could have redirected staking deposits to block builders under certain conditions. Researcher Avsetsin identified the issue while examining deposit mechanisms used by Lido, Origin, and Rocket Pool. The patch has been incorporated into Ethereum’s consensus specifications but still requ...
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