Category: TECH

  • Zuck shrugs off DeepSeek, vows to spend hundreds of billions on AI

    Zuck shrugs off DeepSeek, vows to spend hundreds of billions on AI

    [ad_1]

    U.S. markets panicked on Monday over speculation that DeepSeek’s AI models would crush demand for GPUs, with Nvidia’s stock dropping almost 20%.

    But Meta isn’t backing off, with its CEO Mark Zuckerberg pledging that the tech giant would invest “very heavily” in AI — even “hundreds of billions of dollars” — over the long term, he said during Meta’s first-quarter earnings call on Wednesday.

    Zuckerberg already announced last week that Meta would spend more than $60 billion in 2025 alone on capital expenditures, primarily on data centers.

    In response to an analyst’s question about DeepSeek’s impact on Meta’s AI spending, Zuckerberg said spending heavily on AI infrastructure will continue to be a “strategic advantage” for Meta. 

    Meta considers DeepSeek a new competitor and is learning from it, but it’s “way too early” to tell if demand for chips will stop increasing as they remain crucial for inference purposes, Zuckerberg said, noting that Meta has billions of users.

    “At this point, I would bet that the ability to build out that kind of infrastructure is going to be a major advantage for both the quality of the service and being able to serve the scale that we want to,” Zuckerberg said.

    Meta’s goal with its next model, Llama 4, is to make it the world’s most competitive, even compared to closed models (like ChatGPT), Zuckerberg said. He added that he expects it to have agentic capabilities — something both OpenAI and Anthropic have moved into — along with multimodal ones.

    “Our goal with Llama 3 was to make open source competitive with closed models,” he said. “And our goal for Llama 4 is to lead.”

    TechCrunch has an AI-focused newsletter! Sign up here to get it in your inbox every Wednesday.

    [ad_2]

    Source link

  • HealthEquity says data breach is an ‘isolated incident’

    HealthEquity says data breach is an ‘isolated incident’

    [ad_1]

    On Tuesday, health tech services provider HealthEquity disclosed in a filing with federal regulators that it had suffered a data breach, in which hackers stole the “protected health information” of some customers. 

    In an 8-K filing with the SEC, the company said it detected “anomalous behavior by a personal use device belonging to a business partner,” and concluded that the partner’s account had been compromised by someone who then used the account to access members’ information.

    On Wednesday, HealthEquity disclosed more details of the incident with TechCrunch. HealthEquity spokesperson Amy Cerny said in an email that this was “an isolated incident” that is not connected to other recent breaches, such as that of Change Healthcare, owned by the healthcare giant UnitedHealth. In May, UnitedHealth CEO Andrew Witty said in a House hearing that the breach affected “maybe a third” of all Americans.

    HealthEquity detected the breach on March 25, when it “took immediate action, resolved the issue, and began extensive data forensics, which were completed on June 10.” The company brought together “a team of outside and internal experts to investigate and prepare for response.” The investigations determined that the breach was due to the compromised third-party vendor account having access to “some of HealthEquity’s SharePoint data,” according to Cerny.

    Contact Us

    Do you have more information about this HealthEquity breach? From a non-work device, you can contact Lorenzo Franceschi-Bicchierai securely on Signal at +1 917 257 1382, or via Telegram, Keybase and Wire @lorenzofb, or email. You also can contact TechCrunch via SecureDrop.

    SharePoint is a set of Microsoft tools that allows companies to create websites, as well as store and share internal information — essentially an intranet.

    Cerny also said that “transactional systems, where integrations occur, were not impacted,” and that the company is notifying partners, clients and members, and has been working with law enforcement as well as experts to work on preventing future incidents. 

    TechCrunch asked Cerny to specify what personally identifiable and “protected health” information was stolen in this breach, how many people have been affected and what partner was involved. Cerny declined to answer all of these questions. 

    Earlier this year, HealthEquity reported that the company and its subsidiaries “administer HSAs and other CDBs for our more than 15 million accounts in partnership with employers, benefits advisers, and health and retirement plan providers.”

    [ad_2]

    Source link

  • MIT’s soft robotic system is designed to pack groceries

    MIT’s soft robotic system is designed to pack groceries

    [ad_1]

    The first self-checkout system was installed in 1986 in a Kroger grocery store just outside of Atlanta. It took several decades, but the technology has finally proliferated across the U.S. Given the automated direction grocery stores are heading, it seems that robotic bagging can’t be too far behind.

    MIT’s CSAIL department this week is showcasing RoboGrocery. It combines computer vision with a soft robotic gripper to bag a wide range of different items. To test the system, researchers placed 10 objects unknown to the robot on a grocery conveyer belt.

    The products ranged from delicate items like grapes, bread, kale, muffins and crackers to far more solid ones like soup cans, meal boxes and ice cream containers. The vision system kicks in first, detecting the objects before determining their size and orientation on the belt.

    As the grasper touches the grapes, pressure sensors in the fingers determine that they are, in fact, delicate and therefore should not go at the bottom of the bag — something many of us no doubt learned the hard way. Next, it notes that the soup can is a more rigid structure and sticks it in the bottom of the bag.

    “This is a significant first step towards having robots pack groceries and other items in real-world settings,” said Annan Zhang, one of the study’s lead authors. “Although we’re not quite ready for commercial deployment, our research demonstrates the power of integrating multiple sensing modalities in soft robotic systems.”

    The team notes that there’s still plenty of room for improvement, including upgrades to the grasper and the imaging system to better determine how and in what order to pack things. As the system becomes more robust, it may also be scaled outside the grocery into more industrial spaces like recycling plants.

    [ad_2]

    Source link

  • Robotics investments are gaining speed after post-pandemic slowdown

    Robotics investments are gaining speed after post-pandemic slowdown

    [ad_1]

    New numbers out of Crunchbase this week see robotics investments once again trending in a positive direction. The previous two years presented a steady drop in overall numbers, following a record 2021 driven by pandemic-fueled job loss. As we head into the second half of the year, 2024 is on-track to beat last year’s numbers.

    The first six months of the year have seen $4.2 billion invested in the category, putting this year well on track to beat 2023’s 12-month total of $6.8 billion. The number is still well shy of the COVID peak of 2021, which brought in $17.7 billion and even 2022’s $10.3 billion.

    This does, however, signal recovery from the one-two punch of economic headwinds and post-pandemic reopenings, which brought the industry crashing back down to Earth.

    The white-hot humanoids category continued to gain steam. Figure led the way there with a massive $675 million Series B. That raise alone moved the needle a bit. The other notable humanoid investment arrived by way of 1X. The Norwegian firm, which counts OpenAI as an early backer, brought in a healthy $100 million.

    Medical robots have been having a good year, thanks to big rounds from MMI and Rono Surgical, but once again, labor replacement is the biggest driver, as spaces like warehouses and factories look to automate jobs they’re having difficulty filling.

    Those demands aren’t going away anytime soon, while continued investment excitement around all things AI is likely to further bolster robotic startup growth. Unfortunately, it may take another pandemic to see things reach 2021 levels.

    [ad_2]

    Source link

  • Experts say Telegram’s ’30 engineers’ team is a security red flag

    Experts say Telegram’s ’30 engineers’ team is a security red flag

    [ad_1]

    Over the weekend, a clip from a recent interview with Telegram’s founder Pavel Durov went semi-viral on X (previously Twitter). In the video, Durov tells right-wing personality Tucker Carlson that he is the only product manager at the company, and that he only employs “about 30 engineers.” 

    Security experts say that while Durov was bragging about his Dubai-based company being “super efficient,” what he said was actually a red flag for users.

    “Without end-to-end encryption, huge numbers of vulnerable targets, and servers located in the UAE? Seems like that would be a security nightmare,” Matthew Green, a cryptography expert at Johns Hopkins University, told TechCrunch.

    Green was referring to the fact that — by default — chats on Telegram are not end-to-end encrypted like they are on Signal or WhatsApp. A Telegram user has to start a “Secret Chat” to switch on end-to-end encryption, making the messages unreadable to Telegram or anyone other than the intended recipient. Also, over the years, many people have cast doubt over the quality of Telegram’s encryption, given that the company uses its own proprietary encryption algorithm, created by Durov’s brother, as he said in an extended version of the Carlson interview.  

    Eva Galperin, the director of cybersecurity at the Electronic Frontier Foundation and a longtime expert in the security of at-risk users, said that it’s important to remember that Telegram, unlike Signal, is a lot more than just a messaging app. 

    “What makes Telegram different (and much worse!) is that Telegram is not just a messaging app, it is also a social media platform. As a social media platform, it is sitting on an enormous amount of user data. Indeed, it is sitting on the contents of all communications that are not one-on-one messages that have been specifically [end-to-end] encrypted,” Galperin told TechCrunch. “‘Thirty engineers’ means that there is no one to fight legal requests, there is no infrastructure for dealing with abuse and content moderation issues.”

    “And I would even argue that the quality of those 30 engineers isn’t that great,” Galperin continued. “Also, if I was a threat actor, I would definitely consider this to be encouraging news. Every attacker loves a profoundly understaffed and overworked opponent.”

    In other words, it’s unlikely for Telegram to be very effective fighting hackers, especially government-backed ones, with such a small staff.

    Telegram did not respond to a request for comment, which included questions on whether the company has a chief security officer, and how many of its engineers work full time on securing the platform.

    Last week, the well-known cybersecurity expert SwiftOnSecurity wrote on X that “The cost to run a company that has all the right cyber security tools and staff is absolutely obscene.”

    “It’s hard to describe the numbers I’ve seen. Even saying this is a gray area. But it is [an] incredible headcount and spend,” SwiftOnSecurity wrote. 

    All to say, even the biggest companies on the planet probably don’t spend enough money, time and energy on securing themselves. Telegram has almost one billion users, according to Durov. It’s one of the most popular platforms for people working in crypto (who move millions of dollars), extremists, hackers and disinformation peddlers. 

    That makes it an incredibly interesting target for both criminal and government hackers. And it has — at most — just a handful of people dedicated to cybersecurity. 

    For years, security experts have warned that people should not see Telegram like a truly secure messaging app. Given what Durov said recently, it may be even worse than experts thought. 



    [ad_2]

    Source link

  • The fight over Fisker’s assets is already heating up

    The fight over Fisker’s assets is already heating up

    [ad_1]

    Fisker is just a few days into its Chapter 11 bankruptcy, and the fight over its assets is already charged, with one lawyer claiming the startup has been liquidating assets “outside the court’s supervision.”

    At issue is the relationship between Fisker and its largest secured lender, Heights Capital Management, an affiliate of financial services company Susquehanna International Group. Heights loaned Fisker more than $500 million in 2023 (with the option to convert that debt to stock in the startup) at a time when the company’s financial distress was looming behind the scenes.

    That funding was not originally secured by any assets. That changed after Fisker breached one of the covenants when it failed to file its third-quarter financial statements on time in late 2023. In exchange for waiving that breach, Fisker agreed to give Heights first-priority on all of its current and future assets, giving Heights considerable leverage. Heights not only gained pole position to determine what happens to the assets in the Chapter 11 proceedings, but also gave them the chance to tap a preferred restructuring officer to oversee the company’s slow descent into bankruptcy.

    Alex Lees, a lawyer from the firm Milbank who represents a group of unsecured creditors owed more than $600 million, said in the proceeding’s first hearing on Friday in Delaware Bankruptcy Court, that it took “too long” to get to this point. He said Fisker’s tardy regulatory filing was a “minor technical default” that somehow led to the startup “basically hand[ing] the whole business over to Heights.”

    “We believe this was a terrible deal for [Fisker] and its creditors,” Lees said at the hearing. “The right thing to do would have been to file for bankruptcy months ago.” In the meantime, he said, Fisker has been “liquidating outside the court’s supervision” for the benefit of Heights in what he said amounts to “suspect activity.” Fisker has spent the run-up to the bankruptcy filing slashing prices and selling off vehicles.

    Scott Greissman, a lawyer representing the investment arm of Heights, said Lees’ comments were “completely inappropriate, completely unsupported,” and derided them as “designed as sound bites” meant to be picked up by the media.

    “There may be a lot of disappointed creditors” in this case, Greissman said, “none more so than Heights.” He said Heights extended “an enormous amount of credit” to Fisker. He added later that even if Fisker is able to sell its entire remaining inventory — around 4,300 Ocean SUVs — such a sale “will maybe pay off a fraction of Heights’ secured debt,” which currently sits at more than $180 million.

    Lawyers told the court Friday that they have an agreement in principle to sell those Ocean SUVs to an unnamed vehicle leasing company. But It’s not immediately clear what other assets Fisker could sell in order to provide returns for other creditors. The company has claimed to have between $500 million and $1 billion in assets, but the filings so far have only detailed manufacturing equipment, including 180 assembly robots, an entire underbody line, a paint shop and other specialized tools.

    Lees was not alone in his concern over how Fisker wound up filing for bankruptcy. “I don’t know why it took this long,” Linda Richenderfer, a lawyer with the US Trustee’s Office, said during the hearing. She also noted that she was still reviewing new filings late Thursday and in the hours before the hearing.

    She also expressed “great concern” that the case could convert to a straight Chapter 7 liquidation following the sale of the Ocean inventory, leaving other creditors fighting for scraps.

    Greissman said at one point that he agreed that Fisker “probably took more time” than needed to file for bankruptcy protection, and that some of these quarrels could have been “more easily resolved” if the case had started sooner. He even said he agrees with Richenderfer that “even with a fleet sale, Chapter 11 may not be sustainable.”

    The parties will meet again at the next hearing on June 27.

    Before he dismissed everyone, Judge Thomas Horan thanked all the parties involved for getting to the hearing “pretty cleanly” despite the rush of filings this week. He particularly called out the U.S. Trustee’s office for working under “really difficult circumstances” to “get their heads around” the case with “minimal controversy, in the scheme of things.”

    “I imagine there are a few people who want to catch up on some sleep now,” he said with a smile, as he ended the hearing.

    [ad_2]

    Source link

  • FTC refers TikTok child privacy case to Justice Department

    FTC refers TikTok child privacy case to Justice Department

    [ad_1]

    The U.S. Federal Trade Commission announced on Tuesday that it has referred a complaint against TikTok and its parent company ByteDance to the Department of Justice. The agency was investigating the company over potential violations of the Children’s Online Privacy Act and was looking into whether TikTok violated a law that prohibits “unfair and deceptive” business practices.

    “The investigation uncovered reason to believe named defendants are violating or are about to violate the law and that a proceeding is in the public interest, so the Commission has voted to refer a complaint to the DOJ, according to the procedures outlined in the FTC Act,” the agency said in a statement. 

    TikTok issued a public statement noting that it has been working with the FTC for more than a year to address its concerns, and that it is “disappointed” that the agency is pursuing litigation.

    “We strongly disagree with the FTC’s allegations, many of which relate to past events and practices that are factually inaccurate or have been addressed,” TikTok’s statement reads. “We’re proud of and remain deeply committed to the work we’ve done to protect children and we will continue to update and improve our product.”

    The FTC notes that although it doesn’t typically announce that it has referred a complaint, it “determined that doing so here is in the public interest.” 

    TikTok paid $5.7 million in 2019 to settle FTC allegations that it illegally collected personal information from children. The settlement marked the largest civil penalty ever obtained by the Commission in a children’s privacy case, according to the FTC.

    The announcement comes as TikTok is facing increased scrutiny in the U.S.

    In April, President Biden signed a bill that would ban TikTok if ByteDance fails to sell it within a year. The action was the result of years of concern from U.S. lawmakers who fear that ByteDance may leak U.S. user data to the Chinese government. TikTok and ByteDance responded to the bill by suing the government, arguing that the law violates the U.S. Constitution’s commitment to “both free speech and individual liberty.”

    [ad_2]

    Source link

  • Apple ushers in a new era with Apple Intelligence

    Apple ushers in a new era with Apple Intelligence

    [ad_1]

    Welcome back to TechCrunch’s Week in Review — TechCrunch’s newsletter recapping the week’s biggest news. Want it in your inbox every Saturday? Sign up here.

    Apple’s Worldwide Developers Conference had a sizable focus on AI. Apple unveiled its generative AI offering, Apple Intelligence, which will be available in iOS later this year. iOS 18 will have a number of new features, including the ability to schedule text messages and customize your home screen, major upgrades to Siri — including ChatGPT integration — and AI-generated emojis. If you missed it, we put together a handy recap of everything Apple announced.

    Tesla CEO Elon Musk has secured enough shareholder votes to have his 2018 stock option compensation package approved. The vote means he could get a payout of up to $56 billion, the biggest CEO compensation package in history, but a judge in Delaware still has to issue her final decision after ruling the package was unfair. 

    In funding news, Mistral AI has closed its much rumored Series B funding round. The company has secured €600 million (around $640 million at today’s exchange rate) in a mix of equity and debt. The new round values the startup at $6 billion as it continues to compete with OpenAI, Anthropic and other AI giants.

    News

    Former NSA head joins OpenAI: Former head of the NSA, retired army general Paul Nakasone, will join OpenAI’s board of directors and will sit on the board’s “security and safety” subcommittee. Read more

    Tesla shareholders sue Elon Musk: Shareholders of Tesla are suing Elon Musk and members of the board of directors over Musk’s decision to start xAI. They argue that talent and resources are being diverted from Tesla to the new startup. Read more

    BeReal gets bought: French mobile apps and games publisher Voodoo has acquired BeReal for €500 million. BeReal co-founder and CEO Alexis Barreyat will leave the company after a transition period. Read more

    You can ditch the rings: Apple has finally made a way for users to pause activity rings on Apple Watches, which is especially helpful if you are sick or otherwise unable to do physical activities. Read more

    Raspberry Pi goes public: The maker of tiny, cheap, single-board computers priced its IPO on the London Stock Exchange at £2.80 per share, valuing it at $690 million at today’s exchange rate, and quickly jumped to £3.70 per share. Read more

    iPads finally get a calculator app: iPads will have a dedicated calculator app for the first time. But, teachers, beware. The app includes Math Notes, a new feature that does the math for you. Read more

    A new distraction-free smartphone: Minimalist smartphone maker Light announced its newest model. The Light Phone III doesn’t have access to social media or the internet, but it does sport a larger OLED display and a camera. Read more

    Spotify goes in-house: Spotify is venturing further into the ad space with its first in-house creative agency, Creative Lab. The company said it will also begin testing generative AI ads. Read more

    Will your device have iOS 18?: Apple’s iOS 18 will be compatible with many Apple devices this fall, but you might have to upgrade if you want the full Apple Intelligence experience. Read more

    Analysis

    Apple Intelligence isn’t trying to be flashy: With iOS 18, Apple is taking a more cautious approach. Instead of overwhelming users with too many AI features to count, the company is carefully rolling out AI where it believes it could be actually useful. While Apple’s AI is certainly not as flashy, Sarah Perez argues that it is the company’s way of defining the table stakes for what an AI-powered device should be able to do. Read more

    Tesla fans get out the vote: Tesla and its fans waged an unprecedented battle over Elon Musk’s $56 billion pay package. Over the last few months, there has been an unrelenting get-out-the-vote effort from Tesla’s biggest fans. Sean O’Kane explores the countless calls to action on X to get shareholders to vote yes — and reinforce their belief that Tesla is nothing without Musk. Read more

    Why Y Combinator is encouraging small seed rounds: In 2024, many Y Combinator startups only want tiny seed rounds — but it could be repelling many institutional seed VCs. If YC startups treat these rounds more like pre-seed funding, it might not be all that bad. But as Rebecca Szkutak writes, there is a risk if companies are labeling these smaller rounds as “seed rounds” with their sights set on next raising a Series A. Read more

    [ad_2]

    Source link

  • Ahead of Tesla’s big shareholder vote, let’s re-read the judge’s opinion that got us here

    Ahead of Tesla’s big shareholder vote, let’s re-read the judge’s opinion that got us here

    [ad_1]

    There has been a silly amount of drama in the run-up to Tesla‘s annual shareholder meeting on Thursday. The company is set to hold a vote on “re-ratifying” the $56 billion compensation package awarded to Elon Musk in 2018, which was struck down by a Delaware Chancery Court judge earlier this year. It will also hold a vote whether the company will change the location where it is incorporated from Delaware to Texas.

    Some of Tesla’s biggest boosters are calling on the company’s “retail army” of shareholders to vote in favor of both, but with special focus on Musk’s compensation. It’s not clear what tangible impact the outcome of either vote will have. But Tesla executives and employees — including some who basically never post on social media — are simply begging for votes.

    Across the breathless longform posts, Spaces audio meetings, podcasts and myriad other calls to action, the focus has been trained on the idea that Musk is owed this compensation because he hit the targets agreed to at the outset. “A deal is a deal,” Tesla posted to its CEO’s social media platform X.

    Yet, almost no one is discussing the substance of chancellor Kathaleen McCormick’s January ruling and its dominant theme: Musk holds so much sway over Tesla and its board of directors that there was no substantial negotiation when the company hammered out this deal with him in 2017-2018.

    Instead, there have been accusations from the Tesla faithful of her being a “radical activist judge” — accusations that are easily defanged as you read through her examination of the evidence of the case.

    So, some homework then! To the Tesla fans, haters, shareholders and rubberneckers, here it is again, embedded below. McCormick’s 201-page opinion is a thorough but lucid read. It’s worth brushing up on it again before the vote takes place. At the very least, it’s a primer for the legal battles that are sure to continue after Thursday’s vote.

    Tornetta v. Musk Post-Trial Opinion by Sean O’Kane on Scribd



    [ad_2]

    Source link

  • William Anders, astronaut who took the famous ‘Earthrise’ photo, dies at 90

    William Anders, astronaut who took the famous ‘Earthrise’ photo, dies at 90

    [ad_1]

    William A. Anders, the astronaut behind perhaps the single most iconic photo of our planet, has died at the age of 90.

    On Friday morning, Anders was piloting a small plane that dove into the water near Roche Harbor, Wash. His son Greg confirmed his death.

    Anders retired from the Air Force Reserve as a major general, but was a major at the time of the Apollo 8 mission in 1968. Apollo 8 was the first manned mission to orbit the moon, which also made Anders one of the first people to leave the bounds of Earth’s orbit.

    On Christmas Eve, all three Apollo crewmembers took photos of Earth as it rose over the moon’s horizon, but Anders was the only one shooting on color film. The ship’s onboard tape recorder captured the astronaut exclaiming, “Oh my God, look at that picture over there! There’s the Earth comin’ up. Wow, is that pretty!”

    The resulting photograph, titled “Earthrise,” captured Earth’s loneliness and fragility in a way that no image ever had before. It was particularly iconic to the nascent environmental movement — fifty years later, Earth Day Network President Kathleen Rogers wrote that photo “confirmed” the movement’s conviction “that the Earth’s environment was common to all of us, that the Earth’s natural resources were finite, and that 150 years of unfettered industrial development was having a profound impact on our planet.”

    In an interview conducted in 2015, Anders noted that his photo seemed better-remembered than the Apollo 8 mission itself.

    “Here we came all the way to the moon to discover Earth,” he said.

    [ad_2]

    Source link