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HP plans to save millions by laying off thousands, ramping up AI use

HP Inc. said that it will lay off 4,000 to 6,000 employees in favor of AI deployments, claiming it will help save $1 billion in annualized gross run rate by the end of its fiscal 2028. HP expects to complete the layoffs by the end of that fiscal year. The reductions will largely hit product...

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Crypto hoarders dump tokens as shares tumble

Crypto-hoarding companies are ditching their holdings in a bid to prop up their sinking share prices, as the craze for “digital asset treasury” businesses unravels in the face of a $1 trillion cryptocurrency rout. Shares in Michael Saylor-led Strategy, the world’s biggest corporate bitcoin holder, have tumbled 50 percent over the past three months, dragging down...

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UK government will buy tech to boost AI sector in $130M growth push

The UK government will promise to buy emerging chip technology from British companies in a 100 million pound ($130 million) bid to boost growth by supporting the artificial intelligence sector. Liz Kendall, the science secretary, said the government would offer guaranteed payments to British startups producing AI hardware that can help sectors such as life...

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Oops. Cryptographers cancel election results after losing decryption key.

One of the world’s premier security organizations has canceled the results of its annual leadership election after an official lost an encryption key needed to unlock results stored in a verifiable and privacy-preserving voting system. The International Association of Cryptologic Research (IACR) said Friday that the votes were submitted and tallied using Helios, an open...

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How to know if your Asus router is one of thousands hacked by China-state hackers

Thousands of Asus routers have been hacked and are under the control of a suspected China-state group that has yet to reveal its intentions for the mass compromise, researchers said. The hacking spree is either primarily or exclusively targeting seven models of Asus routers, all of which are no longer supported by the manufacturer, meaning...