Web design news

• Masayoshi Son says AI will cost $5tn a year by 2040, and calls bubble talk absurd

  14-07-2026 10:13 via thenextweb.com
  
  “Every year $5 trillion, or 800 trillion yen, you might think that’s a lie, but I am confident that’s what it will cost.” That was Masayoshi Son on Tuesday, at SoftBank’s annual corporate conference in Tokyo, telling the room what building artificial intelligence will require each year by 2040. Yet, he did not say how he […]
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• Nintendo is pulling a console from Europe over battery rules. Meta’s glasses just got exempted from them.

  14-07-2026 20:00 via thenextweb.com
  
  The European Commission has exempted wearable technology from rules requiring batteries that users can remove and replace. The change clears the biggest obstacle to Meta’s latest smart glasses reaching the EU, Politico reports. The delegated act, adopted on Tuesday, adds six product categories to the exemption list. It covers wearable devices such as smartwatches and fitness […]
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• Meta sued by 26 employees who say its AI systems targeted workers on medical leave for layoffs

  14-07-2026 19:51 via thenextweb.com
  
  Twenty-six current and former Meta employees have filed a federal lawsuit accusing the company of using AI-powered systems that disproportionately targeted workers with disabilities or who had taken medical leave when selecting people for mass layoffs. The suit, filed Monday in Oakland, California, alleges that Meta relied on productivity metrics and AI token usage data […]
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• IBM shares plunge after preliminary Q2 revenue falls short of estimates despite surging AI bookings

  14-07-2026 19:33 via thenextweb.com
  
  IBM issued preliminary second-quarter results on Monday showing revenue of roughly $17 billion, up one percent year over year but well below the $18 billion that analysts had expected. Shares fell as much as 17 percent in premarket trading, erasing weeks of gains that had been fuelled by bullish analyst coverage and a stock rally […]
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• Upwind links compromise of multiple AsyncAPI npm packages to coordinated attack on software release process

  14-07-2026 19:22 via thenextweb.com
  
  Developers often assume that packages published through official channels have passed through a secure release process. That assumption is fundamental to modern software development, where open source components are routinely integrated into applications through automated dependency management. A new investigation suggests that confidence can be challenged when attackers gain access to the systems responsible for publishing software. […]
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• Kalshi builds a forward curve for computing power as exchanges race to turn GPUs into a tradable commodity

  14-07-2026 18:53 via thenextweb.com
  
  Kalshi, the prediction markets exchange, has built a forward curve that tracks the future price of computing power, joining a growing list of exchanges and index operators trying to turn GPU rental costs into a standardised financial instrument. The tool uses weekly and monthly event contracts related to compute prices, extending up to a year […]
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• Dimon says AI already eliminated 30 to 40 percent of jobs in some JPMorgan divisions

  14-07-2026 18:25 via thenextweb.com
  
  JPMorgan Chase has cut jobs by as much as 40 percent in some parts of the bank using artificial intelligence, CEO Jamie Dimon told analysts during the company’s second-quarter earnings call on Tuesday. But investors hoping the technology will dramatically improve profit margins are likely to be disappointed. Dimon said that in a competitive market, […]
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• India’s Udaan secures $160 million in new funding as it races to fix its balance sheet before an IPO

  14-07-2026 18:17 via thenextweb.com
  
  Indian B2B ecommerce platform Udaan has secured $160 million in a funding round that combines fresh equity from a new investor, additional debt, and the conversion of existing convertible bonds into equity, according to Bloomberg. Lightspeed Venture Partners and M&G Investments are participating in the round. The deal is designed to clean up Udaan’s balance […]
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• Demis Hassabis wants a Wall Street-style referee for AI, with the power to hit pause

  14-07-2026 16:43 via thenextweb.com
  
  The man behind Google’s AI thinks the world needs a referee. And he has drafted the rules. Demis Hassabis wants a US-led watchdog that vets frontier models before release. It is modelled on Wall Street’s policeman, and it could slow the whole industry down. Demis Hassabis does not usually sound the alarm. On Tuesday he […]
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• Britain’s flagship AI data centre can’t get the power to switch on

  14-07-2026 16:17 via thenextweb.com
  
  Britain wants to be an AI superpower. One of its flagship data centres cannot get the electricity to switch on. Nscale’s £2bn Essex site has the money, the planning permission, and a grid connection, but no power arriving in time. Nscale has the cash, the site, and the customer. What it does not have is […]
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• Medical AI was meant to help. This week it replaced nurses and dodged its own checks

  14-07-2026 16:04 via thenextweb.com
  
  The pitch for medical AI is that it frees clinicians to care for patients. Two stories this week suggest the reality can run the other way. In New York, nurses say software replaced them. In Minnesota, a former Mayo Clinic leader says the software was not safe to trust. Marilyn Shuler spent 39 years reading […]
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• Microsoft promised to be carbon negative. Its emissions just jumped 25%

  14-07-2026 16:00 via thenextweb.com
  
  Microsoft promised to be carbon negative by 2030. Its own report shows emissions up 25% in a year instead. The number is worse than it looks, and also more honest than it looks, and the reason for both is the same: AI data centres. Microsoft set one of the boldest climate targets in tech. By […]
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• Uber lost the self-driving race. Now it wants to write the rules

  14-07-2026 15:53 via thenextweb.com
  
  Uber lost the race to build a self-driving car. Now it wants to write the rules for everyone who did. In two US states it is lobbying for laws that would force robotaxis onto its app, and its own product chief is happy to explain why. Uber could not win the race to build a […]
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• Meta is pushing brands onto its AI ad tools. The results are a mess

  14-07-2026 15:17 via thenextweb.com
  
  Meta is pushing advertisers to hand their campaigns to its AI. A Business Insider investigation found the tools spitting out gibberish copy, mangled limbs and products that no longer look like the products. Meta’s reply, in effect: that’s your problem. Meta wants brands to let its AI build their ads. A Business Insider investigation shows […]
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• Pasqal’s SPAC filings reveal a $2bn French quantum bet, and a French kill switch

  14-07-2026 15:08 via thenextweb.com
  
  France’s Pasqal is heading to Nasdaq at a $2bn valuation, roughly 100 times its revenue. Its own filings spell out two things. Quantum computing might never pay off. And Paris can veto who owns the company. Pasqal, the French quantum-computing firm, is going public in the United States. It is merging with a blank-cheque company, […]
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• xAI is running 59 unpermitted gas turbines, twice what it has admitted

  14-07-2026 15:00 via thenextweb.com
  
  Emails between regulators and xAI’s consultants put most of the turbines in Southaven, Mississippi. Within five miles on the Tennessee side, about 94% of residents are Black. Ervin Laws lives in Colonial Hills, a neighbourhood in Southaven, Mississippi, where residents say the turbines running around the clock sound like jet engines. “I can’t do anything […]
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• Flex raises $70m from Ryan Smith’s Halo fund to take its AI private bank global

  14-07-2026 15:00 via thenextweb.com
  
  Six months ago, Flex raised $60m and called it a Series B. On Tuesday it said it had raised another $70m, and rather than move down the alphabet, it settled on a Series B1. The round was led by Halo, the investment firm set up last year by Qualtrics founder Ryan Smith, who owns the […]
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• Moneybox is Europe’s newest unicorn, and it’s testing London’s new private market to prove it

  14-07-2026 14:56 via thenextweb.com
  
  Moneybox is Europe’s newest unicorn, worth £800m, or $1.1bn. But no fundraise set that price. Staff did, by selling shares on London’s untested new private market. Moneybox, the British savings and investing app, is now a unicorn. It has put a value of about £800m, or $1.1bn, on itself, the Financial Times first reported. The […]
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• ‘Listing is a must’: China’s LimX raises $200m as the humanoid IPO race heats up

  14-07-2026 14:40 via thenextweb.com
  
  China’s humanoid gold rush just minted another contender. LimX Dynamics has raised $200m at a $2.21bn valuation. And its founder says the race to list has become do-or-die. A Shenzhen humanoid startup has become the latest name in China’s robot boom to command a giant valuation. On Tuesday, LimX Dynamics said it had closed a […]
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• ECB names 36 payment firms for the digital euro pilot

  14-07-2026 14:22 via thenextweb.com
  
  Deutsche Bank, UniCredit, Revolut, Stripe and Adyen made the list. The 12-month trial starts in the second half of 2027, and the money it moves will not be legal tender. The European Central Bank published the list on Tuesday: 36 payment service providers, drawn from more than 50 applicants, will run the first pilot of […]
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• New York freezes new data centres for a year, the first US state to pull the brake

  14-07-2026 14:13 via thenextweb.com
  
  Kathy Hochul stopped the diggers on Tuesday. New York became the first US state to halt construction of large new data centres, imposing a one-year moratorium on anything drawing 50 megawatts or more, on the grounds that the buildings powering the AI boom are pushing up household bills, draining water, and landing hardest on the […]
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• The father of reinforcement learning is leaving Carmack to build his own AI

  14-07-2026 13:54 via thenextweb.com
  
  One of the most decorated minds in AI is striking out alone. Richard Sutton shared the 2024 Turing Award for founding modern reinforcement learning. On Monday he said he is leaving John Carmack’s startup Keen Technologies to start a new one, Oak Lab. He announced it plainly on X. He praised Carmack and Keen, then […]
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• Tower Semiconductor puts $3bn into Japan, and Tokyo is paying for a third of it

  14-07-2026 13:22 via thenextweb.com
  
  Tower Semiconductor said on Tuesday it will spend roughly $3bn expanding its 300mm operations in Japan, net of about $1bn in grants from the Japanese government, in a two-track build-out aimed squarely at the optical components that AI data centres are consuming faster than anyone can make them. The announcement, made with the backing of Japan’s […]
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• Switzerland opens a competition probe into Google’s vanishing Android choice screen

  14-07-2026 12:57 via thenextweb.com
  
  Switzerland’s Competition Commission opened a preliminary investigation into Google on Tuesday, after the search engine selection prompt that Android owners elsewhere in Europe still meet when they switch on a new handset quietly stopped appearing on Swiss phones. The feature, known as the Choice Screen, asks users which search engine they want as their default […]
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• Huawei Digital Power now rivals Tesla’s energy division in revenue

  14-07-2026 11:35 via thenextweb.com
  
  Ask most people what Huawei sells and you will get smartphones, or 5G, or a decade of geopolitical argument. Almost nobody says solar inverters. Yet Huawei Digital Power Technology, the division that makes them, along with battery storage systems and electric-vehicle charging kit, booked 68.7bn yuan of revenue in 2025, up 24.4% on the year […]
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• OpenAI wants its legal fees from xAI, while Apple comes for OpenAI

  14-07-2026 11:21 via thenextweb.com
  
  On Monday, OpenAI asked a federal judge in California to rule that xAI’s trade secrets lawsuit against it “should never have been filed,” and to make Elon Musk’s company cover more than $1m in legal expenses. The filing landed hours after xAI gave notice that it intends to appeal. The case has been dismissed twice; […]
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• DeepSeek’s Liang Wenfeng overtakes Amodei and Brockman as AI’s richest founder

  14-07-2026 10:59 via thenextweb.com
  
  Liang Wenfeng is now the wealthiest founder in artificial intelligence, according to the Bloomberg Billionaires Index, which revalued his stake in DeepSeek on 13 July and added roughly $19bn to his fortune overnight. His net worth is put at about $36bn, up from around $16.7bn, placing him above Anthropic co-founder Dario Amodei and OpenAI president […]
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• Ericsson revenue falls 6% as component costs bite and licensing income dries up

  14-07-2026 10:47 via thenextweb.com
  
  Ericsson booked SEK 52.7bn of revenue in the second quarter, down 6% from SEK 56.1bn a year earlier, as weaker patent licensing income and currency movements outweighed growth in a handful of regional markets. The Swedish equipment maker published the figures on Tuesday morning. Profit, however, went the other way. Adjusted operating profit came in at SEK […]
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• Finland’s NestAI is building the AI layer Europe’s militaries want to own

  14-07-2026 10:41 via thenextweb.com
  
  A Helsinki lab barely a year old, bankrolled by Nokia and the Finnish state, is now writing battlefield software with two defence ministries. The technology matters less than who controls it. On the last day of June, officials from Finland’s Ministry of Defence, the Estonian Defence Forces, and a Helsinki AI lab founded only last […]
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• Intel commits $5.7bn to Xeon production in Ireland

  14-07-2026 10:25 via thenextweb.com
  
  Intel is spending €5bn, or about $5.7bn, upgrading its campus at Leixlip outside Dublin, the company said on Monday. The money is not for a new fab. It is for getting more out of the ones already standing. The plan is to upgrade existing fabrication facilities, install leading-edge equipment, and extend the automated track system so […]
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