"Shares of Ubisoft sank 18% on Thursday," reports CNBC, "after the French video game firm reported full-year earnings that disappointed investors... The company's shares have lost almost 60% of their value in the past 12 months, as the firm faced financial struggles, development hurdles, and underperformance of some of its key titles."

Ubisoft said its latest Assassin's Creed game "delivered the second-highest Day 1 sales revenue in franchise history and set a new record for Ubisoft's Day 1 performance on the PlayStation digital store," according to Reuters. And AFP notes that according to data from consultancy Circana, that game become the second-best-selling game of the year so far in the U.S. But... [A] string of disappointing releases undermined this year's performance, with a net loss of 159 million euros ($178 million) on revenues of 1.9 billion — down 17.5 percent year-on-year. Over the past 12 months, Ubisoft's would-be blockbuster "Star Wars Outlaws" fell short of sales expectations on release, while it cancelled multiplayer first-person shooter "XDefiant" for lack of players. "This year has been a challenging one for Ubisoft, with mixed dynamics across our portfolio, amid intense industry competition," chief executive Yves Guillemot said in a statement. But a string of disappointing releases undermined this year's performance, with a net loss of 159 million euros ($178 million) on revenues of 1.9 billion — down 17.5 percent year-on-year.

The group expects the measure to hold steady in the coming 2025-26 financial year, during which it will release a new "Prince of Persia" game, strategy title "Anno 117: Pax Romana" and mobile versions of shooters "Rainbow Six" and "The Division"... Moving to address its business woes, Ubisoft said in late March that it would create a new subsidiary to manage its three top franchises: "Assassin's Creed", "Far Cry" and "Rainbow Six".
"Since January, the shares have lost more than 12 percent, touching their lowest price in over a decade in April."

Walmart is preparing for a future where AI agents shop on behalf of consumers by adapting its systems to serve both humans and autonomous bots. As major players like Visa and PayPal also invest in agentic commerce, Walmart is positioning itself as a leader by developing its own AI agents and supporting broader industry integration. PYMNTS reports: Instead of scrolling through ads or comparing product reviews, future consumers may rely on digital assistants, like OpenAI's Operator, to manage their shopping lists, from replenishing household essentials to selecting the best TV based on personal preferences, according to the report (paywalled). "It will be different," Walmart U.S. Chief Technology Officer Hari Vasudev said, per the report. "Advertising will have to evolve." The emergence of AI-generated summaries in search results has already altered the way consumers gather product information, the report said. However, autonomous shopping agents represent a bigger transformation. These bots could not only find products but also finalize purchases, including payments, without the user ever lifting a finger. [...]

Retail experts say agentic commerce will require companies to overhaul how they market and present their products online, the WSJ report said. They may need to redesign product pages and pricing strategies to cater to algorithmic buyers. The customer relationship could shift away from retailers if purchases are completed through third-party agents. [...] To prepare, Walmart is developing its own AI shopping agents, accessible through its website and app, according to the WSJ report. These bots can already handle basic tasks like reordering groceries, and they're being trained to respond to broader prompts, such as planning a themed birthday party. Walmart is working toward a future in which outside agents can seamlessly communicate with the retailer's own systems -- something Vasudev told the WSJ he expects to be governed by industry-wide protocols that are still under development. [...]

Third-party shopping bots may also act independently, crawling retailers' websites much like consumers browse stores without engaging sales associates, the WSJ report said. In those cases, the retailer has little control over how its products are evaluated. Whether consumers instruct their AI to shop specifically at Walmart or ask for the best deal available, the outcomes will increasingly be shaped by algorithms, per the report. Operator, for example, considers search ranking, sponsored content and user preferences when making recommendations. That's a far cry from how humans shop. Bots don't respond to eye-catching visuals or emotionally driven branding in the same way people do. This means retailers must optimize their content not just for people but for machine readers as well, the report said. Pricing strategies could also shift as companies may need to make rapid pricing decisions and determine whether it's worth offering AI agents exclusive discounts to keep them from choosing a competitor's lower-priced item, according to the report.

Western Digital has made a strategic investment in German startup Cerabyte, a company developing nearly indestructible ceramic-based data storage technology. The partnership aims to accelerate commercialization of Cerabyte's ceramic-on-glass material, which the company claims can preserve data for 5,000 years.

Cerabyte recently demonstrated its technology's resilience by boiling storage devices in salt water and subjecting them to oven-level heat. The company states its ceramic storage withstands fire, moisture, UV light, radiation, corrosion, and EMP bursts. Beyond durability, Cerabyte aims to enable massive capacity increases as the industry moves toward what it calls the "Yottabyte era," while targeting storage costs below $1 per TB by 2030.

An anonymous reader quotes a report from TechCrunch: A Florida bill, which would have required social media companies to provide an encryption backdoor for allowing police to access user accounts and private messages, has failed to pass into law. The Social Media Use by Minors bill was "indefinitely postponed" and "withdrawn from consideration" in the Florida House of Representatives earlier this week. Lawmakers in the Florida Senate had already voted to advance the legislation, but a bill requires both legislative chambers to pass before it can become law.

The bill would have required social media firms to "provide a mechanism to decrypt end-to-end encryption when law enforcement obtains a subpoena," which are typically issued by law enforcement agencies and without judicial oversight. Digital rights group the Electronic Frontier Foundation called the bill "dangerous and dumb." Security professionals have long argued that it is impossible to create a secure backdoor that cannot also be maliciously abused, and encryption backdoors put user data at risk of data breaches.

An anonymous reader quotes a report from BleepingComputer: Education giant Pearson suffered a cyberattack, allowing threat actors to steal corporate data and customer information, BleepingComputer has learned. Pearson is a UK-based education company and one of the world's largest providers of academic publishing, digital learning tools, and standardized assessments. The company works with schools, universities, and individuals in over 70 countries through its print and online services. In a statement to BleepingComputer, Pearson confirmed they suffered a cyberattack and that data was stolen, but stated it was mostly "legacy data."

"We recently discovered that an unauthorized actor gained access to a portion of our systems," a Pearson representative confirmed to BleepingComputer. "Once we identified the activity, we took steps to stop it and investigate what happened and what data was affected with forensics experts. We also supported law enforcement's investigation. We have taken steps to deploy additional safeguards onto our systems, including enhancing security monitoring and authentication. We are continuing to investigate, but at this time we believe the actor downloaded largely legacy data. We will be sharing additional information directly with customers and partners as appropriate." Pearson also confirmed that the stolen data did not include employee information. The education company previously disclosed in January that they were investigating a breach of one of their subsidiaries, PDRI, which is believed to be related to this attack.

BleepingComputer also notes that threat actors breached Pearson's developer environment in January 2025 using an exposed GitLab access token, gaining access to source code and hard-coded credentials. Terabytes of sensitive data was stolen from cloud platforms and internal systems.

Despite the potential impact on millions of individuals, Pearson has declined to answer key questions about the breach or its response.

President Trump on Thursday attacked a law signed by President Joe Biden aimed at expanding high-speed internet access, calling the effort "racist" and "totally unconstitutional" and threatening to end it "immediately." The New York TimesL: Mr. Trump's statement was one of the starkest examples yet of his slash-and-burn approach to dismantling the legacy of his immediate predecessor in this term in office. The Digital Equity Act, a little-known effort to improve high-speed internet access in communities with poor access, was tucked into the $1 trillion bipartisan infrastructure bill that Mr. Biden signed into law early in his presidency.

The act was written to help many different groups, including veterans, older people and disabled and rural communities. But Mr. Trump, using the incendiary language that has been a trademark of his political career, denounced the law on Thursday for also seeking to improve internet access for ethnic and racial minorities, raging in a social media post that it amounted to providing "woke handouts based on race."

An anonymous reader quotes a report from Ars Technica: The US Senate today voted along party lines to kill a Federal Communications Commission program to distribute Wi-Fi hotspots to schoolchildren, with Democrats saying the Republican-led vote will make it harder for kids without reliable Internet access to complete their homework. The Senate approved a Congressional Review Act (CRA) resolution to nullify the hotspot rule, which was issued by the Federal Communications Commission in July 2024 under then-Chairwoman Jessica Rosenworcel. The program would be eliminated if the House version passes and President Trump signs the joint resolution of disapproval.

The Rosenworcel FCC's rule expanded E-Rate, a Universal Service Fund program, allowing schools and libraries to use E-Rate funding to lend out Wi-Fi hotspots and services that could be used off-premises. The FCC rule was titled, "Addressing the Homework Gap through the E-Rate Program," and the hotspot lending program was scheduled to begin in funding year 2025, which starts in July 2025. Today's Senate vote on the resolution of disapproval was 50-38. There was a 53-47 vote on Tuesday that allowed the Senate measure to proceed to the final step. Sen. Richard Blumenthal (D-Conn.) said on Tuesday that "this resolution would prevent millions of students, educators, and families from getting online." Sen. Edward Markey (D-Mass.) called the Republican move "a cruel and shortsighted decision that will widen the digital divide and rob kids of the tools they need to succeed."

According to the Wall Street Journal, UnitedHealth Group has 1,000 AI applications in production for use in its insurance, health delivery and pharmacy divisions. From a report: UnitedHealth's AI transcribes conversations from clinician visits, summarizes data, processes claims and controls customer-facing chatbots. In addition, roughly 20,000 of the company's engineers use AI to write software, according to the report. Half of these applications use generative AI and the other half employ a more traditional version of the technology, said Chief Digital and Technology Officer Sandeep Dadlani, per the report. "Like other AI-powered tools, medical chatbots are more likely to provide highly accurate answers when thoroughly trained on high-quality, diverse datasets and when user prompts are clear and simple," Julie McGuire, managing director of the BDO Center for Healthcare Excellence & Innovation, told PYMNTS in April 2024. "However, when questions are more complicated or unusual, a medical chatbot may provide insufficient or incorrect answers. In some cases, a generative AI-powered medical chatbot could make up a study to justify a medical answer it wants to give."

Did you know there's an initiative to drive Open Source adoption both within the United Nations — and globally? Launched in March, it's the work of the Digital Technology Network (under the UN's chief executive board) which "works to advance open source technologies throughout UN agencies," promoting "collaboration and scalable solutions to support the UN's digital transformation." Fun fact: The first group to endorse the initiative's principles was the Open Source Initiative...

"The Open Source Initiative applauds the United Nations for recognizing the growing importance of Open Source in solving global challenges and building sustainable solutions, and we are honored to be the first to endorse the UN Open Source Principles," said Stefano Maffulli, executive director of OSI.
But that's just the beginining, writes It's FOSS News: As part of the UN Open Source Principles initiative, the UN has invited other organizations to support and officially endorse these principles. To collect responses, they are using CryptPad instead of Google Forms... If you don't know about CryptPad, it is a privacy-focused, open source online collaboration office suite that encrypts all of its content, doesn't log IP addresses, and supports a wide range of collaborative documents and tools for people to use.

While this happened back in late March, we thought it would be a good idea to let people know that a well-known global governing body like the UN was slowly moving towards integrating open source tech into their organization... I sincerely hope the UN continues its push away from proprietary Big Tech solutions in favor of more open, privacy-respecting alternatives, integrating more of their workflow with such tools.
16 groups have already endorsed the UN Open Source Principles (including the GNOME Foundation, the Linux Foundation, and the Eclipse Foundation).

Here's the eight UN Open Source Principles:

1. Open by default: Making Open Source the standard approach for projects
2. Contribute back: Encouraging active participation in the Open Source ecosystem
3. Secure by design: Making security a priority in all software projects
4. Foster inclusive participation and community building: Enabling and facilitating diverse and inclusive contributions
5. Design for reusability: Designing projects to be interoperable across various platforms and ecosystems
6. Provide documentation: Providing thorough documentation for end-users, integrators and developers
7. RISE (recognize, incentivize, support and empower): Empowering individuals and communities to actively participate
8. Sustain and scale: Supporting the development of solutions that meet the evolving needs of the UN system and beyond.

The Open Source Initiative is joining "a global community of contributors" for GitHub's annual event "honoring the individuals who steward and sustain Open Source projects."

And the theme of the 5th Annual "Maintainer Month" will be: securing Open Source: Throughout the month, OSI and our affiliates will be highlighting maintainers who prioritize security in their projects, sharing their stories, and providing a platform for collaboration and learning... Maintainer Month is a time to gather, share knowledge, and express appreciation for the people who keep Open Source projects running. These maintainers not only review issues and merge pull requests — they also navigate community dynamics, mentor new contributors, and increasingly, adopt security best practices to protect their code and users....

- OSI will publish a series of articles on Opensource.net highlighting maintainers whose work centers around security...

- As part of our programming for May, OSI will host a virtual Town Hall [May 21st] with our affiliate organizations and invite the broader Open Source community to join....

- Maintainer Month is also a time to tell the stories of those who often work behind the scenes. OSI will be amplifying voices from across our affiliate network and encouraging communities to recognize the people whose efforts are often invisible, yet essential.
"These efforts are not just celebrations — they are opportunities to recognize the essential role maintainers play in safeguarding the Open Source infrastructure that underpins so much of our digital world," according to the OSI's announcement. And this year they're focusing on three key areas of open source security:

• Adopting security best practices in projects and communities

• Recognizing contributors who improve project security

• Collaborating to strengthen the ecosystem as a whole

Microsoft has appointed a Deputy CISO for Europe to address growing regulatory pressure and reassure EU leaders about its cybersecurity commitment. "The move also highlights strong fears from European IT execs and government officials that the Trump administration may exert significant influence on cybersecurity companies," reports CSO Online. From the report: Who that Deputy CISO will ultimately be is unclear. Wednesday's statement simply said that Microsoft CISO Igor Tsyganskiy is "appointing a new Deputy CISO for Europe as part of the Microsoft Cybersecurity Governance Council," but the phrasing made it unclear when that would happen. However, Tsyganskiy made a separate announcement on LinkedIn that he has given the role to current Deputy CISO Ann Johnson. But he then said that Johnson, who is based at Microsoft's head office in Redmond, Washington, will hold that post "temporarily."

In his LinkedIn post, Tsyganskiy explained that the Cybersecurity Governance Council, which was created in 2024, consists of "our Global CISO and Deputy Chief Information Security Officers (Deputy CISOs) representing each of our technology services. This Council oversees the company's cyber risks, defenses, and compliance across regions and domains." "The Deputy CISO for Europe will be accountable for compliance with current and emerging cybersecurity regulations in Europe, including the Digital Operational Resilience Act (DORA), the NIS 2 Directive, and the Cyber Resilience Act (CRA)," Tsyganskiy wrote. "These laws will prove transformative not only in EU markets, but worldwide, and Microsoft is actively engaged in preparing for what lies ahead." Microsoft said in Wednesday's statement: "the appointment of a Deputy CISO for Europe reflects the importance and global influence of EU cybersecurity regulations and the company's commitment to meeting and exceeding those expectations to prioritize cybersecurity across the region. This new position will report directly to Microsoft's CISO."

Michela Menting, France-based digital security research director at ABI Research, said when she heard on Wednesday that Microsoft was creating such a role, "I was mostly surprised that they don't already have one."

"GDPR has been in place for quite some time now and the fact they are only now putting in a European deputy CISO is concerning," Menting added. "They are playing catch up."

The UK financial regulator is preparing to ban retail investors from using borrowed funds such as credit card balances to invest in cryptocurrency as it seeks to overhaul supervision of the fast-growing digital assets market. The Guardian: The soaring values of virtual currencies such as bitcoin after Donald Trump's election have put pressure on the Financial Conduct Authority (FCA) to take a tougher line while it also lays the groundwork for the industry to flourish in the UK.

According to a recent YouGov survey, the proportion of people in the UK using borrowed funds to make crypto purchases more than doubled from 6% in 2022 to 14% last year. Borrowing to fund investments, when asset values could change dramatically, meant consumers risked losing their entire investment and potentially other assets, such as their home. These characteristics closely resembled gambling, the Treasury committee found.

Donald Trump's crypto company created a digital dollar called USD1, which is now being used by a big investor in Abu Dhabi to help fund a $2 billion deal with Binance, the world's largest crypto exchange. Reuters reports: Stablecoins are an increasingly lucrative cog in global crypto trading. Their issuers typically profit by earning interest from the Treasuries and other assets that underpin them. The value of USD1 in circulation reached about $2.1 billion on Wednesday, according to CoinMarketCap data, making it one of the fastest-growing stablecoins. The identity of its major holders, however, remains unclear. An anonymous cryptocurrency wallet that holds $2 billion worth of USD1 received the funds between April 16 and 29, according to data from crypto research firm Arkham. Reuters could not ascertain the owner of this wallet.

Binance founder and former CEO Changpeng Zhao, who was incarcerated in the United States last year after pleading guilty to violating U.S. laws against money laundering, met Zach Witkoff and two other World Liberty co-founders in Abu Dhabi, according to a photo posted on social media site X on Sunday. "It was great to see our friends," in Abu Dhabi, posted Zhao in response to the photo, tagging Witkoff. Zhao, who in 2023 stepped down from his role at Binance as part of a $4.3 billion settlement with the U.S. over the illicit finance charges, remains a major shareholder of Binance.

Separately, Zach Witkoff announced that USD1 would be integrated into Tron, the blockchain of Hong Kong-based crypto entrepreneur Justin Sun. Sun is the biggest known investor in World Liberty and an adviser to the venture, according to his social media posts, having poured at least $75 million into the project. Sun was fighting a U.S. securities fraud lawsuit at the time of his first investment in World Liberty. The U.S. Securities and Exchange Commission in February paused its case against him, citing public interest.

An anonymous reader quotes a report from TechCrunch: Epic Games is taking a victory lap. After notching a big win against Apple in a years-long legal dispute, Epic announced that its Epic Games Store will allow developers to open webshops, which can offer players out-of-app purchases to circumvent fees from Apple and Google. [...] With the Epic Games Store's new webshops feature, other developers will be more easily able to follow suit.

Usually, Epic takes a 12% share of a developer's earnings from the Epic Games Store, which is still a better deal than what developers get from Apple. But starting in June, Epic Games will not take a cut from the first $1 million each game earns annually. Only after a game eclipses $1 million in revenue will Epic begin taking a cut. "With new legal rulings in place, developers will be able to send players from games to make digital purchases from webshops on any platform that allows it, including iOS in the European Union and United States," Epic said.

Meta's Reality Labs posted a $4.2 billion operating loss in Q1 2025. According to CNBC, cumulative losses since 2020 now exceed $60 billion. From the report: Meta's Reality Labs unit is responsible for the company's Quest-branded virtual reality headsets and Ray-Ban Meta Smart Glasses. It's the key business unit that anchors CEO Mark Zuckerberg's plans to build a new computing platform involving digital worlds accessible via VR and augmented reality devices. [...]

Wall Street has questioned Meta's big spending on the metaverse, which Zuckerberg has said could take many years to turn into a real business. The company must now also contend with sweeping new tariffs from President Donald Trump and the likely increase in costs that will follow, potentially leading to higher-priced devices. Last week, Meta said that an unspecified number of Reality Labs employees were laid off. Those workers were part of the Oculus Studios unit, which creates VR and AR games and content for Quest VR headsets.

An anonymous reader shares a report: The video game website Polygon has been sold to click-farm powerhouse Valnet and much of its masthead has been laid off, Kotaku has learned. The sale was subsequently announced in a press release. Multiple staff members have posted online about losing their jobs or about colleagues now being out of work.

Finland has passed legislation to restrict the use of phones and other mobile devices during the school day amid fears over their impact on student wellbeing and learning. From a report: Under the changes, which were approved by the Finnish parliament on Tuesday and will come into effect on 1 August, mobile devices will be heavily restricted during lesson times. Pupils will be allowed to use them only with the teacher's permission for healthcare or learning purposes.

Finland is the latest European country to impose legal restrictions on the use of phones and other mobile devices in schools amid growing evidence of their impact on children and young people, including attention and self-esteem. Earlier this year, Denmark said it would ban mobile phones from all schools. The chair of the country's wellbeing commission, Rasmus Meyer, told the Guardian the measure was necessary to stop schools from being "colonised by digital platforms" and urged the rest of Europe to follow suit.

Microsoft has pledged to take the US government to court if necessary [alternative source] to protect European customers' access to its cloud services, as concerns mount over potential technology disruptions under President Donald Trump. Brad Smith, Microsoft's president and vice-chair, announced five "digital commitments" to Europe on Wednesday, responding to regional anxieties following Trump's temporary suspension of military support to Ukraine.

"We as a company need to be a source of digital stability during a period of geopolitical volatility," Smith said. The commitments include contesting any government order to cease European cloud services through legal channels and establishing European oversight of its continental operations. Microsoft will increase its European data center capacity by 40% over the next two years, expanding in 16 countries with investments of "tens of billions of dollars" annually. The Seattle-based company, which derives more than a quarter of its business from Europe, becomes the first major American tech firm to proactively address European concerns amid escalating trade tensions.

An anonymous reader quotes a report from CBS News: New York Gov. Kathy Hochul says a $254 billion state budget deal has been reached, including a "bell-to-bell" school cellphone ban. [...] The distraction-free policy would take effect next school year, making New York the largest state in the country with a "bell-to-bell" cellphone ban. Hochul says the plan will help protect children from addictive technology and improve their mental health. The New York State United Teachers union also came out in support of the ban, saying "we are at a crisis point."

The governor previously outlined the proposal back in January, saying it would ban the use of smartphones and other internet-enabled devices on school grounds during the school day. That includes classroom time, lunch and study hall periods. "A bell-to-bell ban, morning until the day is over, is not going to hurt your kids. It's going to help them emerge with stronger mental health and resiliency," she told CBS News New York at the time.

Hochul said the ban would include smartphones and other personal "smart" devices, like smartwatches. Exemptions could be made if a student requires a device to manage a medical condition or for translation purposes. Cellphones that don't have internet capability and devices that are provided by the school for lesson plans would still be allowed. The proposal would let individual schools come up with their own ways to implement the ban and store the devices, and schools would be able to decide whether to have students leave them in things like pouches, lockers or cubbies. It would also require schools to make sure parents have a way to contact their children during the day, if needed. "Protecting our communities requires more than streets where people feel safe. We need classrooms where young minds can flourish, and that means eliminating once and for all the digital distractions that steal our kids' attention," the governor said, adding, "We protected our kids before from cigarettes, alcohol and drunk driving, and now, we're protecting them from addictive technology designed to hijack their attention."

Nixplay has dramatically reduced its free cloud storage offering for digital photo frame users from the original 10GB to just 500MB. The previously announced update, which took effect last week, also removed the formerly free ability to sync Google Photos albums. Users whose accounts already exceed the new 500MB limit will find their content "restricted from sharing or viewing" unless they edit their library or purchase a subscription. Nixplay now offers two paid tiers: Nixplay Lite at $19.99 annually for 100GB storage and Nixplay Plus at $29.99 yearly for unlimited storage.