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Firms like Bank of America, Citi, Wells Fargo, and others are reporting strong profits while reducing head count and automating more work. "All of them credited A.I. to some degree ... in areas ranging from the so-called back office, where tens of thousands of employees fill out paperwork to comply with various laws and regulations, to the front office, where seven-figure salaried professionals put together complicated financial transactions for corporate clients," reports the New York Times. From the report: Less than four months ago, Bank of America's chief executive, Brian T. Moynihan, volunteered in a TV interview what he would say to his 210,000 employees about the chance of artificial intelligence replacing human work. "You don't have to worry," he said. "It's not a threat to their jobs." Last week, after Bank of America reported $8.6 billion in profit for the first quarter -- $1.6 billion more than the same period a year earlier -- Mr. Moynihan struck a different tone. The bank's bottom line, he said, was helped by shedding 1,000 jobs through attrition by "eliminating work and applying technology," which he repeatedly specified was artificial intelligence. He predicted more of that in the months and years to come. "A.I. gives us places to go we haven't gone," Mr. Moynihan said. The veneer of Wall Street's longstanding assertion -- that A.I. will enhance human work, not replace it -- is rapidly peeling away, as evidenced by the current quarterly earnings season. JPMorgan Chase, Citi, Bank of America, Goldman Sachs, Morgan Stanley and Wells Fargo racked up $47 billion in collective profits, up 18 percent, while shedding 15,000 employees. All of them credited A.I. to some degree with helping cut jobs and automate work in areas ranging from the so-called back office, where tens of thousands of employees fill out paperwork to comply with various laws and regulations, to the front office, where seven-figure salaried professionals put together complicated financial transactions for corporate clients. Unlike executives in Silicon Valley, few major financial figures are stating outright that A.I. is eliminating jobs. Citi, for example, has pledged to shrink its work force by 20,000 people through what one executive described to financial analysts last week as the company's "productivity and efficiency journey." The bank is paying for A.I. software from Anthropic, Google, Microsoft and OpenAI, to automatically read legal documents, approve account openings, send invoices for trades and organize sensitive customer data, among other tasks, according to public statements by bank executives and two people familiar with Citi's systems. Among the recent job cuts at Citi were scores of employees who were part of the bank's "A.I. Champions and Accelerators" program, according to the two people, who were not permitted by the bank to speak publicly. The program involves Citi employees who perform their day jobs while also working to persuade their colleagues to adopt A.I. technologies.

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Reuters reports that Meta plans to start collecting U.S.-based employees' mouse movements, clicks, keystrokes, and occasional screen snapshots to train AI agents that can better learn how humans use computers. The tool, called Model Capability Initiative (MCI), will reportedly "not be used for performance assessments or any other purpose besides model training and that safeguards were in place to protect 'sensitive content.'" From the report: Meta CTO Andrew Bosworth told employees in a separate memo shared on Monday that the company would step up internal data collection as part of those "AI for Work" efforts, now re-branded as Agent Transformation Accelerator (ATA). "The vision we are building towards is one where our agents primarily do the work and our role is to direct, review and help them improve," Bosworth said. The aim, he added, was for agents to "automatically see where we felt the need to intervene so they can be better next time." Bosworth did not explicitly spell out how those agents would be trained, but said Meta would be "rigorous" about "building up data and evals for all the types of interactions we have as we go about our work." Meta spokesperson Andy Stone acknowledged that the MCI data would be among the inputs. [...] "If we're building agents to help people complete everyday tasks using computers, our models need real examples of how people "actually use them -- things like mouse movements, clicking buttons, and navigating dropdown menus," said Stone.

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An anonymous reader quotes a report from Bloomberg: At Google, leaders are anxious about falling behind in the race to offer AI coding tools, especially as rivals like Anthropic PBC offer more effective and popular tools to businesses, according to people familiar with the matter. The search giant is now working to unite some of its coding initiatives under one banner to speed progress and take advantage of a surge in customer interest. In some corners of Alphabet's Google, particularly AI lab DeepMind, concerns about the company's position are mounting, according to current and former employees and executives, who declined to be named because they weren't authorized to speak publicly. Businesses are just starting to realize that AI coding tools can enable anyone to build products by prompting a chatbot. But Google doesn't have a clear solution for them. Its Gemini model's capabilities are sprinkled across half a dozen different coding products with different branding, indicating how the company's lack of focus and competing internal efforts have hampered success, the people said. Even internally, some Google engineers prefer to use Anthropic's Claude Code, they said. More concerning, the people said, are the engineers who are struggling to adopt AI coding at all. [...] Google's emphasis on its own technology has also complicated the push to catch up. Most employees are banned from using competing tools such as Claude Code or Codex due to security concerns, but Googlers can request exceptions if they can demonstrate they have a business case, one former employee said. Some teams at DeepMind, including those working on the Gemini model, internal applications, and open source models, use Claude Code, according to three former employees. "You want the best people to use the best tool, even inside Google," one of the former employees said. [...] In recent years, DeepMind has tried to tighten control over how its AI breakthroughs are woven into Google products. Last year, Google appointed Kavukcuoglu to a new position as chief AI architect, a role in which he is charged with folding generative AI into Google products. Yet confusion about who is leading the charge on AI coding persists. Along with DeepMind, Google Cloud, Google Core, Google Labs and Android are all pushing AI coding in different ways, one of the people said. [...] Within the Googleplex, there is a philosophical clash between AI researchers who want to move as quickly as possible and more traditional senior engineers who have exacting standards for code quality, former employees say. AI usage is factored into performance reviews, according to a former employee. But engineers who try to use internal AI coding tools often hit capacity constraints due to competition for computing power, the former employee said.

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CISA gives federal agencies 4 days to patch

America's lead cyber-defense agency has warned that three Cisco Catalyst SD-WAN Manager bugs are under attack, and given federal agencies just four days to patch the security holes.…

Microsoft is cutting the monthly price of Xbox Game Pass Ultimate and PC Game Pass, but the tradeoff is that new Call of Duty releases will no longer arrive on the service at launch. Instead, they'll show up about a year later. The Verge reports: After Xbox CEO Asha Sharma admitted last week that "Game Pass has become too expensive for players," Microsoft is dropping the price of Xbox Game Pass Ultimate and PC Game Pass. Starting today, Xbox Game Pass Ultimate drops from $29.99 to $22.99 a month, and PC Game Pass moves to $13.99, down from $16.49 a month. The price drops are being fueled in part by future of Call of Duty titles no longer joining Game Pass Ultimate or PC Game Pass at launch. "New Call of Duty games will be added to Game Pass Ultimate and PC Game Pass during the following holiday season (about a year later), while existing Call of Duty titles already in the library will continue to be available," says Microsoft.

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Still only a tiny slice of mobile activity overall

The US and Starlink lead the way in the still-young direct-to-device (D2D) satellite market, where the number of connections recorded by Ookla rose nearly 25 percent between July 2025 and March 2026.…

The IEA says 2025 marked a turning point for global energy, with solar posting the largest growth ever seen for any energy source and helping carbon-free power outpace rising demand. The trend led the agency to declare that the world has entered the "Age of Electricity." Ars Technica reports: The IEA report covers energy use, including the electrical grid, transportation, home heating, and other forms of consumption. As such, it can track how some of those uses are shifting, as electric vehicles displace some gasoline use and heat pumps replace gas and oil heating. It also saw a more global trend: The demand for electricity grew at twice the rate of overall energy demand. All of these went into the conclusion that we're starting the Age of Electricity. In terms of specifics, the IEA saw electric vehicle demand rise by nearly 40 percent, with electric car sales being a quarter of the total of cars sold last year. While that's having a measurable effect on electricity demand, it remains relatively small at the moment. It's almost certain to be contributing to the size of the rise in oil use last year: 0.7 percent. In absolute terms, that's less than half the average rise of the previous decade. [...] When it comes to supplying electrons for those alternatives, the central story is solar power. "The absolute increase of solar PV generation in 2025 is the largest ever observed for any source," the IEA says, "excluding years marked by rebounds from global economic shocks such as COVID-19." In other words, with nothing in particular driving the energy markets in 2025, Solar's growth was unprecedented. On its own, its growth covered a quarter of the rising demand for all forms of energy. If you limit it to electricity, increased solar production covered over two-thirds of the increased demand. Overall, solar generated over 2,700 terawatt-hours last year, more than double its output from three years earlier. It now accounts for over 8 percent of the world's total electricity production. Thirty individual countries installed at least a gigawatt of solar last year, and it is now the single largest grid source by capacity (though other sources still outproduce it at the moment).

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Data from browsers, cryptocurrency wallets, 200+ extensions hoovered up

A ClickFix campaign targeting macOS users delivers an AppleScript-based infostealer that collects credentials and live session cookies from 14 browsers, 16 cryptocurrency wallets, and more than 200 extensions.…

Bun is fast as a toolkit but can leak memory in production, causing slowdowns and crashes

A new version of the Bun JavaScript runtime and toolkit is out with enhanced testing support and improved memory management. The latter is a critical issue to devs and follows complaints of memory leaks causing problems in production.…

An anonymous reader quotes a report from Denver7: Maryland is poised to become the first state in the country to ban "surveillance pricing." The practice refers to companies using a shopper's personal data, such as browsing history, location, or purchasing behavior, to tailor prices to individual customers. The Protection From Predatory Pricing Act, passed this month and sent to the governor for a signature, would prohibit food retailers and third-party delivery services from using the practice. Violations would be treated as deceptive trade practices under state law, with potential fines and lawsuits. While Consumer Reports called the move "encouraging," it warned that the final version contains "loopholes" that don't fully protect consumers. Some of the exemptions noted in the report include "applying the ban only to the use of personal data to set higher prices without establishing a baseline or standard price; exempting pricing tied to loyalty or membership programs, even if prices are higher; and exempting pricing linked to subscriptions or subscription-based services."

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Change is glacial, but the direction is clear

It might look like a map of the London Underground designed by a madman, but Gartner's newly-completed DBMS Market Share Ranks: 2011-2025 has an important message. The change may be glacial, but (most of the) dominant database vendors are slowly losing their grip on the market.…

Plus: Court papers reveal nonprofit paid a ransom worth nearly $26.8 million

The third of three former ransomware negotiators accused of assisting the ALPHV/BlackCat ransomware gang in extorting US businesses has pleaded guilty, months after his two co-workers did the same.…

One of two second stage engines misbehaved, administration must sign off report before flights resume

Blue Origin's New Glenn loss of a satellite has been classed as a "mishap" by the US Federal Aviation Administration (FAA), triggering a mandatory investigation.…

An $899 CPU? In this economy?

Review Ever since AMD's cache-stacked Ryzen 7 5800X3D closed the gap with Intel in gaming, folks have wondered: if one V-Cache chiplet is good, surely two must be better. With the launch of the Ryzen 9 9950X3D2 Dual Edition (DE), we finally have our answer.…

CEO suspects silicon sidekick behind 'surprising velocity' breach - cyber crims shop stolen data for $2M

Vercel's CEO reckons the crooks behind its recent breach likely had a helping hand from AI, saying the attackers moved with "surprising velocity" and a deep understanding of the company's infrastructure.…

Mexican IT services firm admits it was hacked, but says client operations weren't affected

A Mexican IT infrastructure and digital transformation biz is on clean-up duty after a criminal posted screenshots of what they claimed was company video surveillance footage to a cybercrime forum.…

Amazon is expanding its Anthropic partnership with a deal to invest up to another $25 billion, while Anthropic commits to spending more than $100 billion on AWS infrastructure over the next decade to power Claude. "Anthropic's commitment to run its large language models on AWS Trainium for the next decade reflects the progress we've made together on custom silicon, as we continue delivering the technology and infrastructure our customers need to build with generative AI," Amazon CEO Andy Jassy said in a statement. CNBC reports: Amazon's investment includes $5 billion into Anthropic now, with up to $20 billion in the future tied to "certain commercial milestones," according to a release. The initial investment is at Anthropic's latest valuation of $380 billion. Anthropic said in the release that it will bring nearly 1 gigawatt total of Trainium2 and Trainium3 capacity online by the end of the year. With all of the major hyperscalers competing to build out AI capacity as quickly as possible, Amazon said in February that it expects to shell out roughly $200 billion this year on capital expenditures, mostly on AI infrastructure.

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No facial recognition privacy intrusions either! Well, maybe a little

London's Metropolitan Police is trialing new retail technology to help curtail the city's pervasive shoplifting problem… and it doesn't rely on live facial recognition (LFR).…

90% of schools already compliant, but at least now there's paperwork

Ministers are moving to turn England's patchwork of school phone bans into law, after peers backed fresh changes to the Children's Wellbeing and Schools Bill in a Monday vote.…

Spoiler: There's no magic value. Just a timer, some kernel calls, and too much coffee

Windows has always had a built-in portal to the very recent past: Task Manager's CPU usage meter.…