An anonymous reader shares a report: By now, the Forbes 30 Under 30 list has become more than a little notorious for the amount of entrants who go on to be charged with fraud.[...] Gokce Guven, a 26-year-old Turkish national and the founder and CEO of fintech startup Kalder, was charged last week with alleged securities fraud, wire fraud, visa fraud, and aggravated identity theft. The New York-based fintech startup -- which uses the "Turn Your Rewards into [a] Revenue Engine" tagline -- says it can help companies create and monetize individual rewards programs. The company was founded in 2022, and offers participating firms the opportunity to earn ongoing revenue streams via partner affiliate sales, Axios previously reported. Guven was featured in last year's Forbes 30 Under 30 list. The magazine notes in the writeup that Guven's clients included major chocolatier Godiva and the International Air Transport Association, the trade organization that represents a majority of the world's airlines. Kalder also claims to have enjoyed the backing of a number of prominent VC firms. The U.S. Department of Justice alleges that, during Kalder's seed round in April of 2024, Guven managed to raise $7 million from more than a dozen investors after presenting a pitch deck that was rife with false information. According to the government, Kalder's pitch deck claimed that there were 26 brands "using Kalder" and another 53 brands in "live freemium." However, officials say that, in reality, Kalder had, in many cases, only been offering heavily discounted pilot programs to many of those companies. Other brands "had no agreement with Kalder whatsoever -- not even for free services," officials said in a press release announcing the indictment. The pitch deck also "falsely reported that Kalder's recurring revenue had steadily grown month over month since February 2023 and that by March 2024, Kalder had reached $1.2 million in annual recurring revenue." The government also accuses Guven of having kept two separate sets of financial books.

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The original Switch is officially Nintendo's best-selling console of all time after surpassing the DS handheld in lifetime sales. From a report: In its latest earnings release, Nintendo reports that the Nintendo Switch has, as of December 31, 2025, sold 155.37 million units since its launch in 2017, compared to 154.02 million units for the 2004 Nintendo DS. In November, Nintendo reported that the Switch and DS were neck and neck. We expected the holiday sales period would see the Switch surpass the DS, even with Nintendo announcing that primary development would focus on the Switch 2. Nintendo previously said that it would continue to sell the original Switch "while taking consumer demand and the business environment into consideration." Nintendo has to keep selling the Switch if it wants to dethrone Sony's PlayStation 2 as the best-selling video game console of all time. The PlayStation 2, discontinued in January 2013, sold more than 160 million units over its 13-year lifespan.

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sinij writes: Automakers have increasingly implemented door handles that retract into the bodywork for aerodynamic reasons, but they are now off limits in China. My issue is with electronic-only door latch mechanism. It should be possible to open the door from both inside and outside the car in case of complete power loss.

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Elon Musk's SpaceX has acquired his AI startup xAI in an all-stock deal that values the combined entity at $1.25 trillion, ahead of what would be the largest initial public offering in history. SpaceX pegged its own valuation at $1 trillion -- a markup from the $800 billion it commanded in a December secondary stock sale -- and priced xAI at $250 billion based on a recent $20 billion funding round that valued the two-year-old AI company at $230 billion. SpaceX CFO Bret Johnsen told investors on a call Monday that shares in the combined company would be priced at $527 and that xAI shares would convert into SpaceX stock at a roughly seven-to-one exchange rate. The company is still targeting a June IPO expected to raise as much as $50 billion, surpassing Saudi Aramco's $29 billion listing in 2019. Musk said the least expensive way to do AI computation within two to three years will be in space. "Global electricity demand for AI simply cannot be met with terrestrial solutions, even in the near term, without imposing hardship on communities and the environment," he wrote. SpaceX filed last Friday for permission to launch up to a million satellites into Earth's orbit. xAI merged with Musk's social media platform X last March in a $113 billion deal, and Tesla announced a $2 billion investment in xAI last week.

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Scientists at the University of Utah have analyzed nearly a century's worth of human hair samples and found that lead concentrations dropped 100-fold after the EPA began cracking down on leaded gasoline and other lead-based products in the 1970s. The findings, published in the Proceedings of the National Academy of Sciences, drew on hair collected from Utah residents -- some preserved in family scrapbooks going back generations. Lead levels peaked between 1916 and 1969 at around 100 parts per million, fell to 10 ppm by 1990, and dropped below 1 ppm by 2024. The decline largely tracks the phase-out of leaded gasoline after President Nixon established the EPA in 1970; before the agency acted, most gasolines contained about 2 grams of lead per gallon, releasing nearly 2 pounds of lead per person into the environment each year. The study arrives amid the Trump administration's broader push to scale back the EPA. Lead regulations have not yet been targeted, but the authors note concerns about loosened enforcement of the 2024 Lead and Copper rule on replacing old lead pipes.

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The owners of Leica Camera AG -- Austrian billionaire Andreas Kaufmann and private equity giant Blackstone -- are considering a sale of a controlling stake in the German camera maker in a deal that could value the company at about $1.2 billion, Bloomberg reported, citing people familiar with the matter. HSG, formerly known as Sequoia Capital China, and Altor Equity Partners are among a handful of bidders. The Kaufmann family could re-invest following a transaction. Leica traces its roots roughly 150 years to Ernst Leitz's microscope company and was publicly traded on the Frankfurt stock exchange until the Kaufmann family took it private in 2012.

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An anonymous reader shares a report: The US Cybersecurity and Infrastructure Security Agency won't attend the annual RSA Conference in March, an agency spokesperson confirmed to The Register. Sessions involving speakers from the FBI and National Security Agency (NSA) have also disappeared from the agenda. "Since the beginning of this administration, CISA has made significant progress in returning to our statutory, core mission and focusing on President Trump's policies for maximum security for all Americans," CISA spokesperson Marci McCarthy told us. "CISA has reviewed and determined that we will not participate in the RSA Conference since we regularly review all stakeholder engagements, to ensure maximum impact and good stewardship of taxpayer dollars." McCarthy declined to comment on whether the decision had anything to do with former CISA director Jen Easterly being named chief executive of RSAC last week. Easterly, who was appointed to lead America's top cyber-defense agency under the Biden administration, joined her predecessor and CISA's first-ever director Chris Krebs in President Trump's line of fire back in July.

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alternative_right writes: Fintraffic's national traffic priority system, which is set to be introduced this summer, will recognize the location of an emergency vehicle and automatically change the lights to green to facilitate its passage. (Why isn't everyone doing this already?)

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Microsoft is reevaluating its AI strategy on Windows 11 and plans to scale back or remove Copilot integrations across built-in apps after months of sustained user backlash, according to a Windows Central report citing people familiar with the company's plans. Copilot features in apps like Notepad and Paint are under review and could be pulled entirely or stripped of their Copilot branding in favor of a more streamlined experience. The company has paused work on adding new Copilot buttons to any other in-box apps. Windows Recall, the screenshot-based search feature delayed by an entire year in 2024 over security and privacy concerns, is separately under review -- Microsoft internally considers the current implementation a failure and is exploring ways to rework or rename the feature rather than scrap it entirely, the report said.

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Apple's long-standing dominance over its electronics supply chain is eroding as AI companies outbid the iPhone maker for critical components like chips, memory and specialized glass fiber, giving suppliers the leverage to demand that Apple pay more. CEO Tim Cook acknowledged the pressure during a Thursday earnings call, noting constraints in chip supplies and significant increases in memory prices. Nvidia has overtaken Apple as TSMC's largest customer, CEO Jensen Huang said on a podcast; Apple had held that position by a wide margin for years. DRAM prices are set to quadruple from 2023 levels by year-end and NAND prices will more than triple, according to TechInsights. The firm estimates Apple could pay $57 more for memory in the base iPhone 18 due this fall compared to the base iPhone 17 currently on sale -- a significant hit on a device that retails for $799.

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Moltbook, a Reddit-like social network that launched last week and bills itself as a platform "built exclusively for AI agents," had a security vulnerability that exposed private messages shared between agents, the email addresses of more than 6,000 human owners, and over a million credentials, according to research published Monday by cybersecurity firm Wiz. The flaw has since been fixed after Wiz contacted Moltbook. Wiz cofounder Ami Luttwak called it a classic byproduct of "vibe coding." Moltbook creator Matt Schlicht posted on X last Friday that he "didn't write one line of code" for the site. He did not immediately respond to a request for comment when reached out by Reuters. Luttwak said the vulnerability also allowed anyone to post to the site, bot or human. "There was no verification of identity," he said.

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Luthair writes: Notepad++ claims to have been targeted by a state actor, given their previous stance on Uyghurs one can speculate about a candidate. Notepad++, in a blog post: According to the analysis provided by the security experts, the attack involved infrastructure-level compromise that allowed malicious actors to intercept and redirect update traffic destined for notepad-plus-plus.org. The exact technical mechanism remains under investigation, though the compromise occurred at the hosting provider level rather than through vulnerabilities in Notepad++ code itself. Traffic from certain targeted users was selectively redirected to attacker-controlled served malicious update manifests.

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The U.S. laid fiber-optic cables to a record number of homes last year as billions of dollars in federal broadband grants and a surge in data-center construction fueled an enormous buildout, but the industry does not have enough workers to sustain the pace. A 2024 report by the Fiber Broadband Association and the Power & Communication Contractors Association projects 58,000 new fiber jobs between 2025 and 2032 and estimates 120,000 workers will leave the field in that period, mostly through retirement -- a combined shortage of 178,000. The gap is especially acute among splicers, who fuse hair-thin filaments by hand, and directional drill operators. Telecommunications line installers and repairers earned annual median wages of $70,500 for the year ended May 2024, according to the Bureau of Labor Statistics, against a $49,500 national median. Push, a utility-construction firm, raised hourly pay for fiber crews by 5% to 8% in each of the past several years and expects the pace to quicken.

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Starbucks has been pouring hundreds of millions of dollars into AI and automation -- testing robots that take drive-through orders, virtual assistants that help baristas recall recipes and manage schedules, and scanning tools that count inventory -- as the 55-year-old coffee chain tries to reverse several years of struggling sales. The company last week reported its first same-store sales increase in two years in the U.S., where it earns roughly 70% of its revenue. Shares still slid 5% on concerns that heavy spending, including $500 million to boost staffing, had hurt profits. CEO Brian Niccol, who joined in 2024 after engineering Chipotle's turnaround, told the BBC he is confident consistent growth will address that; the company has pledged to find $2 billion in cost savings over three years.

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China's decades-old network of elite high-school "genius classes" -- ultra-competitive talent streams that pull an estimated 100,000 gifted teenagers out of regular schooling every year and run them through college-level science curricula -- has produced the core technical talent now building the country's leading AI and technology companies, the Financial Times reported Saturday. Graduates of these programs include the founder of ByteDance, the leaders of e-commerce giants Taobao and PDD, the billionaire behind super-app Meituan, the brothers who started Nvidia rival Cambricon, and the core engineers behind large language models at DeepSeek and Alibaba's Qwen. DeepSeek's research team of more than 100 was almost entirely composed of genius-class alumni when the startup released its R1 reasoning model last year at a fraction of the cost of its international rivals. The system traces to the mid-1980s, when China first sent students to the International Mathematical Olympiad and a handful of top high schools began creating dedicated competition-track classes. China now graduates around five million STEM majors annually -- compared to roughly half a million in the United States -- and in 2025, 22 of the 23 students it sent to the International Science Olympiads returned with gold medals. The computer science track has overtaken maths and physics as the most popular competition subject, a shift that accelerated after Beijing designated AI development a "key national growth strategy" in 2017.

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An anonymous reader shares a report: Oracle could cut up to 30,000 jobs and sell health tech unit Cerner to ease its AI datacenter financing challenges, investment banker TD Cowen has claimed, amid changing sentiment on Big Red's massive build-out plans. A research note from TD Cowen states that finding equity and debt investors are increasingly questioning how Oracle will finance its datacenter building program to support its $300 billion, five-year contract with OpenAI. The bank estimates the OpenAI deal alone is going to require $156 billion in capital spending. Last year, when Big Red raised its capex forecasts for 2026 by $15 billion to $50 billion, it spooked some investors. This year, "both equity and debt investors have raised questions about Oracle's ability to finance this build-out as demonstrated by widening of Oracle credit default swap (CDS) spreads and pressure on Oracle stock/bonds," the research note adds.

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JPMorgan Chase CEO Jamie Dimon interrupted a conversation between Coinbase chief Brian Armstrong and former U.K. Prime Minister Tony Blair at Davos last week to tell Armstrong "You are full of s---," his index finger pointed squarely at Armstrong's face. Dimon told Armstrong to stop lying on TV, according to WSJ. Armstrong had appeared on business programs earlier that week accusing banks of trying to sabotage the Clarity Act, legislation that would create a new regulatory framework for digital assets. He also accused banks of lending out customers' deposits "without their permission essentially." The fight centers on stablecoin "rewards" -- regular payouts, say 3.5%, that exchanges like Coinbase offer for holding digital tokens. Banks typically offer under 0.1% on checking accounts and worry consumers will shift their money in droves to crypto. Other bank CEOs were similarly cold at Davos. Bank of America's Brian Moynihan gave Armstrong a 30-minute meeting and told him "If you want to be a bank, just be a bank." Citigroup's Jane Fraser offered less than a minute. Wells Fargo's Charlie Scharf said there was nothing for them to talk about. Armstrong had pulled support from a draft of the Clarity Act on January 14, posting on X that Coinbase would "rather have no bill than a bad bill."

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Apple "runs on Anthropic at this point" and that the AI company is powering much of what Apple does internally for product development and internal tools, according to Mark Gurman, the most influential reporter on the Apple beat. Apple had initially pursued an AI deal with Anthropic before the Google partnership came together, but negotiations fell apart over pricing -- Anthropic reportedly wanted several billion dollars per year and a doubling of fees over time. Apple's deal with Google is costing roughly one billion dollars annually.

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An anonymous reader shares a report: One-third of U.S. video game industry workers say they were laid off over the past two years, according to a new survey conducted by the organizers behind the newly revamped Game Developers Conference (GDC). Based on responses from more than 2,300 gaming industry professionals, with surveys "customized for each participant group, ensuring that developers, marketers, executives, investors and others answered questions most relevant to them," the 2026 State of the Game Industry Report found that 33% of respondents in the U.S. were laid off in the past two years. AI use has grown to 36% of respondents, but sentiment has turned sharply negative: 52% now believe generative AI is harming the industry, compared to 30% last year and 18% in 2024. On the labor front, 82% of US respondents support unionization for game workers, and 62% said they're not in a union but interested in joining one. No respondents between 18 and 24 years old opposed unionization.

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DuckDuckGo recently asked its users how they felt about AI in search. The answer has come back loud and clear: more than 90% of the 175,354 people who voted said they don't want it. The privacy-focused search engine has since set up two versions of its tool: noai.duckduckgo.com for the AI-averse and yesai.duckduckgo.com for the curious. Users can also tweak settings on the main site to disable AI summaries, AI-generated images, and the Duck.ai chatbot individually.

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