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Layoffs to stand following $1.1B AI acquisition

Activist investors have taken a $2 billion stake in Workday, signaling approval of its direction and saying they "look forward to continued collaboration with the company."…

Decisive action comes nearly a year after the attack and first arrest took place

Two teenagers are set to appear in court today after being charged with offences related to the cyberattack on Transport for London (TfL) in August 2024.…

An anonymous reader quotes a report from Bloomberg: Gen Z borrowers took the biggest hit of any age group this year, helping pull overall credit scores lower in the worst year for US consumer credit quality since the global financial crisis roiled the world's economy. The average FICO score slipped to 715 in April from 717 a year earlier, marking the second consecutive year-over-year drop, according to a report released Tuesday by Fair Isaac Corp. The average score dropped three points to 687 in 2009. Gen Z borrowers saw the largest drop, not only this year, but of any age group since 2020, with their average score falling three points to 676, the Montana-based creator of the FICO credit score said. FICO scores are a measure of consumer credit risk and are frequently used by US banks to assess whether to provide loans. The scores typically range from 300 to 850. The credit scoring agency attributed the recent overall drop to higher rates of utilization and delinquency, including the resumption of reporting student loan delinquencies -- a category that hit a record high of 3.1% of the entire scorable population. [...] While the overall average score dropped, the median FICO score continued to rise to 745 from 744 a year ago, indicating that a large drop in scores at the low end dragged down the average.

Read more of this story at Slashdot.

Dashboard loop caused API outage that was hard to troubleshoot

Cloudflare has confessed to a coding error using a React useEffect hook, notorious for being problematic if not handled carefully, that caused an outage for the platform's dashboard and many of its APIs.…

Nvidia has agreed to invest $5 billion in its struggling rival Intel [non-paywalled source] as part of a deal to develop new chips for PCs and data centres, the latest reordering of the tech industry spurred by AI. From a report: The deal comes a month after the US government agreed to take a 10 per cent stake in Intel, as Donald Trump's administration looks to secure the future of American chip manufacturing. However, the pair's announcement makes no reference to Nvidia using Intel's foundry to produce its chips. Intel, which has struggled to gain a foothold in the booming AI server market, lost its crown as the world's most valuable chipmaker to Nvidia in 2020. On Thursday Jensen Huang, Nvidia's chief executive, hailed a "historic collaboration" and "a fusion of two world-class platforms," combining its graphics processing units, which dominate the market for AI infrastructure, with Intel's general-purpose chips. Further reading: Intel Weighed $20 Billion Nvidia Takeover in 2005.

Read more of this story at Slashdot.

Wake-up call for dozed and confused chap who had to turn on runway lights

In the high-stress and safety-critical world of air traffic control, "don't fall asleep" probably comes pretty far toward the top of the rule book, and yet that's apparently the reason for the landing delay of an Air Corsica Airbus A320 this week.…

VC giant rebuilt boxes, patched holes, and says it’s beefed up security – but won’t say who did it

Venture capital giant Insight Partners has confirmed that a January ransomware attack compromised the personal data of more than 12,000 people, including employees, former staff, and the firm's usually-secretive limited partners.…

Proofpoint spots efforts to spy on US economic policy nerds

Chinese state-aligned online attackers are back at it, targeting US trade policy wonks as Washington and Beijing spar over economic ties.…