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Michael Burry, the investor made famous for his bet against the US housing market ahead of the 2008 financial crisis, is closing his hedge fund [non-paywalled source] as he warned that market valuations had become unhinged from fundamentals. From a report: Scion Asset Management this week terminated its registration with US securities regulators, according to a Securities and Exchange Commission database. Burry told investors that he would "liquidate the funds and return capital -- but for a sm…

China's state-sponsored hackers used AI technology from Anthropic to automate break-ins of major corporations and foreign governments during a September hacking campaign, the company said Thursday. From a report: The effort focused on dozens of targets and involved a level of automation that Anthropic's cybersecurity investigators had not previously seen, according to Jacob Klein, the company's head of threat intelligence. Hackers have been using AI for years now to conduct individual tasks suc…

An anonymous reader shares a report: Robinhood Markets is betting its Gen Z and millennial clientele are as eager to send out for delivery of a wad of cash as they are to order pizza or a pint of ice cream. The brokerage is joining with food-and-drink delivery app Gopuff to allow customers to withdraw cash from their Robinhood bank accounts and have it brought right to their door. For a $6.99 delivery fee -- or $2.99 if they have more than $100,000 in assets across their Robinhood accounts -- u…

Mozilla announced on Thursday that it is building an AI Window for Firefox, a new opt-in browsing mode that will let users interact with an AI assistant and chatbot. The feature will become one of three browsing experiences in Firefox alongside the existing classic and private windows. Users will be able to select which AI model they want to use in the AI Window, according to a post on the Mozilla Connect forum. The company opened a waitlist for users who want to receive updates and be among th…

BrianFagioli writes: Popular privacy firm Proton is floating a plan on Reddit that should unsettle anyone who values privacy, writes Nerds.xyz. The company is considering recycling abandoned email addresses that were originally created by bots a decade ago. These addresses were never used, yet many of them are extremely common names that have silently collected misdirected emails, password reset attempts, and even entries in breach datasets. Handing those addresses to new owners today would mea…

Verizon is planning to cut roughly 15,000 jobs, looking to reduce costs as it contends with increased competition for wireless service and home internet, according to WSJ, which cites people familiar with the matter. From the report: The cuts, the largest ever for the carrier, are set to take place in the next week, the people said. The majority of the reduction is expected to be made through layoffs. Verizon also plans to transition about 200 stores into franchised operations, which will shift…

Reddit cofounder Alexis Ohanian said he had serious doubts a decade ago about sharing the platform's data with Sam Altman. Ohanian recounted on the "Brew Markets" podcast that between 2015 and 2016, Altman asked Reddit to let him "aggressively scrape" the site's content. Altman had recently helped Reddit raise $50 million in a Series B round and was launching OpenAI as a nonprofit. Ohanian described Altman as "very smart" and "incredibly cunning" but questioned whether he was "the most philanth…

An anonymous reader shares a report: France has lifted its travel ban on Telegram founder Pavel Durov, who is under investigation over illegal content on his messaging app, judicial sources close to the case said Thursday. The entrepreneur, 41, was detained in Paris in 2024 and is under formal investigation by French authorities over the platform's alleged complicity in criminal activity. Durov, who was initially banned from leaving France, had his judicial control relaxed in July, allowing him…

An anonymous reader shares a report: The Chinese electric car has become a symbol of the country's seemingly unstoppable rise on the world stage. Many observers point to their growing popularity as evidence that China is winning the race to dominate new technologies. But in China, these electric cars represent something entirely different: the profound threats that Beijing's meddling in markets poses to both China and the world. Bloated by excessive investment, distorted by government intervent…

Google says it will build a new "advanced flow" to allow experienced users to install Android apps from unverified developers, easing up on restrictions it proposed in late August. The company said earlier that Android would block such installations starting next year. The new flow will include clear warnings about security risks but will give users final control over the decision. Google said it is designing the system to resist coercion and prevent users from being tricked into bypassing safe…

Iceland has formally classified the potential collapse of a major Atlantic Ocean current system a national security threat, warning that a disruption could trigger a modern-day ice age in Northern Europe and destabilize global weather systems. The move elevates the risk across government and enables it to strategize for worst-case scenarios. Reuters reports: The Atlantic Meridional Overturning Circulation, or AMOC, current brings warm water from the tropics northward toward the Arctic, and the …

FX has renewed Alien: Earth for a second season and signed creator Noah Hawley to a massive nine-figure overall deal with Disney Entertainment Television. Deadline reports: Inspired by Ridley Scott's sci-fi thriller film Alien, Hawley adapted the film franchise for television with the strong support of Scott Free and its president, David W. Zucker, who is an executive producer of the series. It earned a positive reaction from fans, posting a 94% Certified Fresh rating from Rotten Tomatoes and a…

For the first time, astronomers captured the shockwave of a supernova bursting through the surface of a dying red supergiant star, revealing a surprisingly symmetrical, grape-shaped explosion. Space.com reports: Seeing this moment in detail has previously been elusive because it's rare for a supernova to be spotted early enough and for telescopes to be trained on it -- and when they have been, the exploding star has been too far away. So, when supernova 2024ggi went boom on April 10, 2024 in th…

An anonymous reader quotes a report from Electrek: Production is now underway at Toyota's new $13.9 billion battery plant in North Carolina, the company's first outside Japan. After the first batteries rolled off the production line at its new facility in Liberty, North Carolina, on Wednesday, Toyota said today marks a "pivotal moment" in the company's history. The facility is Toyota's 11th plant in the US and its first battery plant outside of Japan. Toyota first announced plans to build EV ba…

Russia's first AI humanoid robot, Aldol, fell just seconds after its debut at a technology event in Moscow on Tuesday. "The robot was being led on stage to the soundtrack from the film 'Rocky,' before it suddenly lost its balance and fell," reports the BBC. "Assistants could then be seen scrambling to cover it with a cloth -- which ended up tangling in the process." Developers of Aldol blamed poor lighting and calibration issues for the collapse, saying the robot's stereo cameras are sensitive …