Oracle has signed a landmark $30 billion annual cloud deal -- nearly triple the size of its current cloud infrastructure business -- with revenue expected to begin in fiscal year 2028. The deal was disclosed in a regulatory filing Monday without the customer being named. Bloomberg reports: "Oracle is off to a strong start" in its fiscal year 2026, Chief Executive Officer Safra Catz said in the filing. The company has signed "multiple large cloud services agreements," she said, adding that revenue from Oracle's namesake database that runs on other clouds continues to grow more than 100%.

The $30-billion deal ranks among the largest cloud contracts on record. That revenue alone would represent nearly three times the size of Oracle's current infrastructure business, which totaled $10.3 billion over the past four quarters. A major cloud contract awarded in 2022 from the US Defense Department, that runs through 2028 and could be worth as much as $9 billion, is split among four companies, including Oracle. That award was a shift after an earlier contract worth $10 billion was awarded to Microsoft and was contested in court.

Salesforce chief executive Marc Benioff said Thursday his company has automated a significant chunk of work with AI, another example of a firm touting labor-replacing potential of the emerging technology. From a report: "AI is doing 30% to 50% of the work at Salesforce now," Benioff said in an interview, pointing at job functions including software engineering and customer service.

[...] Salesforce has said that use of AI internally has allowed it to hire fewer people. The San Francisco-based software company is focused on selling an AI product that promises to handle tasks such as customer service without human supervision. Benioff said that tool has reached about 93% accuracy, including for large customers such as Walt Disney.

China's advantages in developing AI are about to unleash a wave of innovation that will generate more than 100 DeepSeek-like breakthroughs in the coming 18 months, according to a former top official. From a report: The new software products "will fundamentally change the nature and the tech nature of the whole Chinese economy," Zhu Min, who was previously a deputy governor of the People's Bank of China, said during the World Economic Forum in Tianjin on Tuesday.

Zhu, who also served as the deputy managing director at the International Monetary Fund, sees a transformation made possible by harnessing China's pool of engineers, massive consumer base and supportive government policies. The bullish take on China's AI future promises no letup in the competition for dominance in cutting-edge technologies with the US, just as the world's two biggest economies are also locked in a trade war.

Perched in Chile's Andes mountains, "A revolutionary new space telescope has just taken its first pictures of the cosmos," reports National Geographic — "and they're spectacular." Formerly known as the Large Synoptic Survey Telescope, it's expected to bring "unprecedented detail" to space photography: The observatory has a few key components: A giant telescope, called the Simonyi Survey Telescope, is connected to the world's largest and highest resolution digital camera. Rubin's 27-foot primary mirror, paired with a mind-boggling 3,200-megapixel camera, will repeatedly take 30-second exposure images of vast swaths of the sky with unrivaled speed and detail. Each image will cover an area of sky as big as 40 full moons. Every three nights for the next 10 years, Rubin will produce a new, ultra-high-definition map of the entire visible southern sky. With this much coverage, scientists hope to create an updated and detailed "movie" they can use to view how the cosmos changes over time....

For the next decade, Rubin will capture millions of astronomical objects each day — or more than 100 every second. Ultimately, it's expected to discover about 17 billion stars and 20 billion galaxies that we've never seen before... When the observatory begins science operations in earnest later in 2025, its instruments will yield a deluge of astronomical data that will be too overwhelming to process manually. (Each night, the observatory will generate around 20 terabytes of data.) Astronomers expect high-quality observations taken with the telescope will help map out the structure of the universe, find comets and potentially hazardous asteroids in our solar system, and detect exploding stars and black holes in distant galaxies.

The observatory will also examine the optical counterparts of gravitational wave events — ripples in the fabric of space caused by some of the most energetic processes in the cosmos. By studying these events, astronomers hope to uncover the secrets of the invisible forces that shape the universe like dark matter and dark energy.
"Already, in just over 10 hours of test observations, the observatory has discovered 2,104 never-before-seen-asteroids," reports NPR, "including seven near-Earth asteroids, none of which pose any danger..." The basic idea is that the data "should let astronomers catch transient phenomena that they otherwise wouldn't know to look for, such as exploding stars, asteroids, interstellar objects whizzing in from other solar systems, and maybe even the movement of a giant planet that some believe is lurking out in our own solar system, beyond Pluto."

The telescope is a joint project between the U.S. Energy Department and its National Science Foundation — and it will stream a special live broadcast of its first images today at 11 a.m. EDT (1500 GMT) on their official YouTube channel (also simulacast at Space.com).

With no one behind the steering wheel, a Tesla robotaxi passes Guero's Taco Bar in Austin Texas, making a right turn onto Congress Avenue.

Today is the day Austin became the first city in the world to see Tesla's self-driving robotaxi service, reports The Guardian: Some analysts believe that the robotaxis will only be available to employees and invitees initially. For the CEO, Tesla's rollout is slow. "We could start with 1,000 or 10,000 [robotaxis] on day one, but I don't think that would be prudent," he told CNBC in May. "So, we will start with probably 10 for a week, then increase it to 20, 30, 40."

The billionaire has said the driverless cars will be monitored remotely... [Posting on X.com] Musk said the date was "tentatively" 22 June but that this launch date would be "not real self-driving", which would have to wait nearly another week... Musk said he planned to have one thousand Tesla robotaxis on Austin roads "within a few months" and then he would expand to other cities in Texas and California.
Musk posted on X that riders on launch day would be charged a flat fee of $4.20, according to Reuters. And "In recent days, Tesla has sent invites to a select group of Tesla online influencers for a small and carefully monitored robotaxi trial..." As the date of the planned robotaxi launch approached, Texas lawmakers moved to enact rules on autonomous vehicles in the state. Texas Governor Greg Abbott, a Republican, on Friday signed legislation requiring a state permit to operate self-driving vehicles. The law does not take effect until September 1, but the governor's approval of it on Friday signals state officials from both parties want the driverless-vehicle industry to proceed cautiously... The law softens the state's previous anti-regulation stance on autonomous vehicles. A 2017 Texas law specifically prohibited cities from regulating self-driving cars...

The law requires autonomous-vehicle operators to get approval from the Texas Department of Motor Vehicles before operating on public streets without a human driver. It also gives state authorities the power to revoke permits if they deem a driverless vehicle "endangers the public," and requires firms to provide information on how police and first responders can deal with their driverless vehicles in emergency situations. The law's requirements for getting a state permit to operate an "automated motor vehicle" are not particularly onerous but require a firm to attest it can safely operate within the law... Compliance remains far easier than in some states, most notably California, which requires extensive submission of vehicle-testing data under state oversight.
Tesla "planned to operate only in areas it considered the safest," according to the article, and "plans to avoid bad weather, difficult intersections, and will not carry anyone below the age of 18."

More details from UPI: To get started using the robotaxis, users must download the Robotaxi app and use their Tesla account to log in, where it then functions like most ridesharing apps...

"Riders may not always be delivered to their intended destinations or may experience inconveniences, interruptions, or discomfort related to the Robotaxi," the company wrote in a disclaimer in its terms of service. "Tesla may modify or cancel rides in its discretion, including for example due to weather conditions." The terms of service include a clause that Tesla will not be liable for "any indirect, consequential, incidental, special, exemplary, or punitive damages, including lost profits or revenues, lost data, lost time, the costs of procuring substitute transportation services, or other intangible losses" from the use of the robotaxis.
Their article includes a link to the robotaxi's complete Terms of Service: To the fullest extent permitted by law, the Robotaxi, Robotaxi app, and any ride are provided "as is" and "as available" without warranties of any kind, either express or implied... The Robotaxi is not intended to provide transportation services in connection with emergencies, for example emergency transportation to a hospital... Tesla's total liability for any claim arising from or relating to Robotaxi or the Robotaxi app is limited to the greater of the amount paid by you to Tesla for the Robotaxi ride giving rise to the claim, and $100... Tesla may modify these Terms in our discretion, effective upon posting an updated version on Tesla's website. By using a Robotaxi or the Robotaxi app after Tesla posts such modifications, you agree to be bound by the revised Terms.

As recently as 2021, GM "all but eliminated" hybrids from its future product plans, reports the New York Times. "But then a funny thing happened." Car shoppers balked at the high prices of fully electric models and the challenges of charging them. In the last few years, sales of electric vehicles have grown at a much slower rate than automakers once expected. And hybrids have stepped in to fill the gap, accounting for a large and growing share of new car sales... In the first three months of this year, hybrids — including cars that can and cannot be plugged in — made up about 14 percent of all light vehicles sold in the United States, according to the Department of Energy. That was around twice the market share of fully electric vehicles in that period...

Several automakers are slowing the introduction of new electric vehicles, and have accelerated development of new hybrids.
Robb Report looks at the current status of hybrids — and a possible future: "The charging infrastructure in most countries is not yet mature enough to support convenient mass adoption of battery-electric vehicles, and in some territories never will be," says Jonathan Hall, head of research and advanced engineering at U.K.-based consulting group Mahle Powertrain....

Porsche, active in this space since 2010, just hybridized its iconic 911 for this model year. Lamborghini also joined the trend with the debut of its 1,000 hp Revuelto hybrid in 2023. "The company doesn't plan to give up the internal-combustion engine anytime soon," says CTO Rouven Mohr. "We are also considering synthetic fuels to keep ICE vehicles running after 2030."

Hall concurs: "With the emergence of bio-based and even fully synthetic fuels, the link between the ICE and climate change can be broken." Combined with the development of better batteries, this progressive hybrid model could offer the best of both worlds for years to come.

It's not just Amazon's CEO predicting AI will lower their headcount. "Top executives at some of the largest American companies have a warning for their workers: Artificial intelligence is a threat to your job," reports the Washington Post — including IBM, Salesforce, and JPMorgan Chase.

But are they really just trying to impress their shareholders? Economists say there aren't yet strong signs that AI is driving widespread layoffs across industries.... CEOs are under pressure to show they are embracing new technology and getting results — incentivizing attention-grabbing predictions that can create additional uncertainty for workers. "It's a message to shareholders and board members as much as it is to employees," Molly Kinder, a Brookings Institution fellow who studies the impact of AI, said of the CEO announcements, noting that when one company makes a bold AI statement, others typically follow. "You're projecting that you're out in the future, that you're embracing and adopting this so much that the footprint [of your company] will look different."

Some CEOs fear they could be ousted from their job within two years if they don't deliver measurable AI-driven business gains, a Harris Poll survey conducted for software company Dataiku showed. Tech leaders have sounded some of the loudest warnings — in line with their interest in promoting AI's power...

IBM, which recently announced job cuts, said it replaced a couple hundred human resource workers with AI "agents" for repetitive tasks such as onboarding and scheduling interviews. In January, Meta CEO Mark Zuckerberg suggested on Joe Rogan's podcast that the company is building AI that might be able to do what some human workers do by the end of the year.... Marianne Lake, JPMorgan's CEO of consumer and community banking, told an investor meeting last month that AI could help the bank cut headcount in operations and account services by 10 percent. The CEO of BT Group Allison Kirkby suggested that advances in AI would mean deeper cuts at the British telecom company...

Despite corporate leaders' warnings, economists don't yet see broad signs that AI is driving humans out of work. "We have little evidence of layoffs so far," said Columbia Business School professor Laura Veldkamp, whose research explores how companies' use of AI affects the economy. "What I'd look for are new entrants with an AI-intensive business model, entering and putting the existing firms out of business." Some researchers suggest there is evidence AI is playing a role in the drop in openings for some specific jobs, like computer programming, where AI tools that generate code have become standard... It is still unclear what benefits companies are reaping from employees' use of AI, said Arvind Karunakaran, a faculty member of Stanford University's Center for Work, Technology, and Organization. "Usage does not necessarily translate into value," he said. "Is it just increasing productivity in terms of people doing the same task quicker or are people now doing more high value tasks as a result?"

Lynda Gratton, a professor at London Business School, said predictions of huge productivity gains from AI remain unproven. "Right now, the technology companies are predicting there will be a 30% productivity gain. We haven't yet experienced that, and it's not clear if that gain would come from cost reduction ... or because humans are more productive."
On an earnings call, Salesforce's chief operating and financial officer said AI agents helped them reduce hiring needs — and saved $50 million, according to the article. (And Ethan Mollick, co-director of Wharton School of Business' generative AI Labs, adds that if advanced tools like AI agents can prove their reliability and automate work — that could become a larger disruptor to jobs.) "A wave of disruption is going to happen," he's quoted as saying.

But while the debate continues about whether AI will eliminate or create jobs, Mollick still hedges that "the truth is probably somewhere in between."

Austria's coalition government has agreed on a plan to enable police to monitor suspects' secure messaging in order to thwart militant attacks, ending what security officials have said is a rare and dangerous blind spot for a European Union country. From a report: Because Austria lacks a legal framework for monitoring messaging services like WhatsApp, its main domestic intelligence service and police rely on allies with far more sweeping powers like Britain and the United States alerting them to chatter about planned attacks and spying.

That kind of tip-off led to police unravelling what they say was a planned attack on a Taylor Swift concert in Vienna, which prompted the cancellation of all three of her planned shows there in August of last year. "The aim is to make people planning terrorist attacks in Austria feel less secure - and increase everyone else's sense of security," Joerg Leichtfried of the Social Democrats, the junior minister in charge of overseeing the Directorate for State Security and Intelligence (DSN), told a news conference.

Microsoft is planning to ax thousands of jobs, particularly in sales, as part of the company's latest move to trim its workforce amid heavy spending on AI. From a report: The cuts are expected to be announced early next month [non-paywalled source], following the end of Microsoft's fiscal year, according to people familiar with the matter. The reductions won't exclusively affect sales teams, and the timing could still change, said the people, who requested anonymity to discuss a private matter. The terminations would follow a previous round of layoffs in May that hit 6,000 people and fell hardest on product and engineering positions, largely sparing customer-facing roles like sales and marketing.

A Dutch court on Monday confirmed a 2021 consumer watchdog's ruling saying that Apple had abused its dominant position by imposing unfair conditions on providers of dating apps in the App Store. From a report: The Rotterdam District Court ruled that the Dutch Authority for Consumers and Markets (ACM) was therefore right to impose an order subject to a penalty for non-compliance. The court ruled that ACM was right in finding that dating app providers had to use Apple's own payment system, were not allowed to refer to payment options outside the App Store, and had to pay a 30% commission (15% for small providers) to Apple.

An anonymous reader shared this report from Bloomberg: Amazon's hard-line stance on getting disabled employees to return to the office has sparked a backlash, with workers alleging the company is violating the Americans with Disabilities Act as well as their rights to collectively bargain. At least two Amazon employees have filed complaints with the Equal Employment Opportunity Commission (EEOC) and the National Labor Relations Board, federal agencies that regulate working conditions. One of the workers said they provided the EEOC with a list of 18 "similarly situated" employees to emphasize that their experience isn't isolated and to help federal regulators with a possible investigation.

Disabled workers frustrated with how Amazon is handling their requests for accommodations — including exemptions to a mandate that they report to the office five days a week — are also venting their displeasure on internal chat rooms and have encouraged colleagues to answer surveys about the policies. Amazon has been deleting such posts and warning that they violate rules governing internal communications. One employee said they were terminated and another said they were told to find a different position after advocating for disabled workers on employee message boards. Both filed complaints with the EEOC and NLRB.
Amazon has told employees with disabilities they must now submit to a "multilevel leader review," Bloomberg reported in October, "and could be required to return to the office for monthlong trials to determine if accommodations meet their needs." (They received calls from "accommodation consultants" who also reviewed medical documentation, after which "another Amazon manager must sign off. If they don't, the request goes to a third manager...")

Bloomberg's new article remembers how several employees told them in November. "that they believed the system was designed to deny work-from-home accommodations and prompt employees with disabilities to quit, which some have done. Amazon denied the system was designed to encourage people to resign." Since then, workers have mobilized against the policy. One employee repeatedly posted an online survey seeking colleagues' reactions, defying the company's demands to stop. The survey ultimately generated feedback from more than 200 workers even though Amazon kept deleting it, and the results reflected strong opposition to Amazon's treatment of disabled workers. More than 71% of disabled Amazon employees surveyed said the company had denied or failed to meet most of their accommodation requests, while half indicated they faced "hostile" work environments after disclosing their disabilities and requesting accommodations.

One respondent said they sought permission to work from home after suffering multiple strokes that prevented them from driving. Amazon suggested moving closer to the office and taking mass transit, the person said in the survey. Another respondent said they couldn't drive for longer than 15-minute intervals due to chronic pain. Amazon's recommendation was to pull over and stretch during their commute, which the employee said was unsafe since they drive on a busy freeway... Amazon didn't dispute the accounts and said it considered a range of solutions to disability accommodations, including changes to an employee's commute.
Amazon is also "using AI to parse accommodation requests, read doctors' notes and make recommendations based on keywords," according to the article — another policy that's also generated internal opposition (and formed a "key element" of the complaint to the Equal Employment Opportunity Commission).

"The dispute could affect thousands of Amazon workers. An internal Slack channel for employees with disabilities has 13,000 members, one of the people said..."

"Cooper Taylor is only 17 years old, but he's already trying to revolutionize the drone industry," writes Business Insider: His design makes the drone more efficient, customizable, and less expensive to construct, he says. He's built six prototypes, 3D printing every piece of hardware, programming the software, and even soldering the control circuit board. He says building his drone cost one-fifth of the price of buying a comparable machine, which sells for several thousand dollars. Taylor told Business Insider he hopes that "if you're a first responder or a researcher or an everyday problem solver, you can have access to this type of drone."

His innovation won him an $8,000 scholarship in April at the Junior Science and Humanities Symposium, funded by the Defense Department. Then, on May 16, he received an even bigger scholarship of $15,000 from the US Navy, which he won after presenting his research at the Regeneron International Science and Engineering Fair...

It all started when Taylor's little sister got a drone, and he was disappointed to see that it could fly for only about 30 minutes before running out of power. He did some research and found that a vertical take-off and landing, or VTOL, drone would last longer. This type of drone combines the multi-rotor helicopter style with the fixed wings of an airplane, making it extremely versatile. It lifts off as a helicopter, then transitions into plane mode. That way, it can fly farther than rotors alone could take it, which was the drawback to Taylor's sister's drone. Unlike a plane-style drone, though, it doesn't need a runway, and it can hover with its helicopter rotors.
Taylor designed a motor "that could start out helicopter-style for liftoff, then tilt back to become an airplane-style motor," according to the article.

And now this summer he'll be "working on a different drone project through a program with the Reliable Autonomous Systems Lab at the Massachusetts Institute of Technology."

Thanks to Slashdot reader Agnapot for sharing the news.

"People are replacing Google search with artificial intelligence tools like ChatGPT," reports the Washington Post.

But that's just the first change, according to a New York-based start-up devoted to watching for content-scraping AI companies with a free analytics product and "ensuring that these intelligent agents pay for the content they consume." Their data from 266 web sites (half run by national or local news organizations) found that "traffic from retrieval bots grew 49% in the first quarter of 2025 from the fourth quarter of 2024," the Post reports. A spokesperson for OpenAI said that referral traffic to publishers from ChatGPT searches may be lower in quantity but that it reflects a stronger user intent compared with casual web browsing.

To capitalize on this shift, websites will need to reorient themselves to AI visitors rather than human ones [said TollBit CEO/co-founder Toshit Panigrahi]. But he also acknowledged that squeezing payment for content when AI companies argue that scraping online data is fair use will be an uphill climb, especially as leading players make their newest AI visitors even harder to identify....

In the past eight months, as chatbots have evolved to incorporate features like web search and "reasoning" to answer more complex queries, traffic for retrieval bots has skyrocketed. It grew 2.5 times as fast as traffic for bots that scrape data for training between the fourth quarter of 2024 and the first quarter of 2025, according to TollBit's report. Panigrahi said TollBit's data may underestimate the magnitude of this change because it doesn't reflect bots that AI companies send out on behalf of AI "agents" that can complete tasks on a user's behalf, like ordering takeout from DoorDash. The start-up's findings also add a dimension to mounting evidence that the modern internet — optimized for Google search results and social media algorithms — will have to be restructured as the popularity of AI answers grows. "To think of it as, 'Well, I'm optimizing my search for humans' is missing out on a big opportunity," he said.

Installing TollBit's analytics platform is free for news publishers, and the company has more than 2,000 clients, many of which are struggling with these seismic changes, according to data in the report. Although news publishers and other websites can implement blockers to prevent various AI bots from scraping their content, TollBit found that more than 26 million AI scrapes bypassed those blockers in March alone. Some AI companies claim bots for AI agents don't need to follow bot instructions because they are acting on behalf of a user.
The Post also got this comment from the chief operating officer for the media company Time, which successfully negotiated content licensing deals with OpenAI and Perplexity.

"The vast majority of the AI bots out there absolutely are not sourcing the content through any kind of paid mechanism... There is a very, very long way to go."

Meta has invested $14.3 billion in Scale AI while recruiting the startup's CEO to join its AI team, marking an aggressive move by the social media giant to accelerate its AI development efforts. The unusual deal gives Meta a 49% non-voting stake in Scale, valuing the company at more than $29 billion. Scale co-founder Alexandr Wang will join Meta's "superintelligence" unit, which focuses on building AI systems that perform as well as humans -- a theoretical milestone known as artificial general intelligence.

Wang will remain on Scale's board while Jason Droege takes over as interim CEO. The investment represents Meta's intensified push to compete in AI development after CEO Mark Zuckerberg grew frustrated with the lukewarm reception of the company's Llama 4 language model, which launched in April. Since then, Zuckerberg has taken a hands-on approach to recruiting AI talent, hosting job candidates at his personal homes and reorganizing Meta's offices to position the superintelligence team closer to his workspace.

Shopify is launching stablecoin payments for its merchants later this year, starting with USDC in collaboration with Coinbase and Stripe. Fortune reports: The publicly traded tech company lets merchants -- including vintage clothes sellers, cosmetics businesses, and electronics companies -- set up their own online marketplaces. By late June, Shopify will let a select group of users accept payments in USDC, a stablecoin issued by the crypto company Circle, which recently had one of the year's hottest IPOs. "In our own philosophical framework, we are extremely aligned with everything that crypto stands for," Tobias Lutke, the CEO of Shopify and a Coinbase board member, said onstage at a Coinbase conference on Thursday.

Shopify will then gradually expand access to merchants across its network in the U.S. and Europe before opening up stablecoin payments to every merchant who uses its platform. The e-commerce company worked with Coinbase to develop a payments protocol to handle chargebacks, refunds, and other intricacies of retail payments on Coinbase's blockchain, Base. It also collaborated with fintech giant Stripe, one of Shopify's payments processors, to integrate stablecoins into the e-commerce company's existing software stack. "I think other payment processors will look at what Shopify is building and be like, 'Holy crap,'" Jesse Pollak, a Coinbase executive who oversees the crypto exchange's wallet and blockchain divisions, told Fortune.

It's no longer a hypothetical question, writes the Washington Post. "In recent years, scientists have devised powerful genetic tools that may be able to eradicate mosquitoes and other pests once and for all."

But along with the ability to fight malaria, dengue, West Nile virus and other serious diseases, "the development of this technology also raises a profound ethical question: When, if ever, is it okay to intentionally drive a species out of existence...?" When so many wildlife conservationists are trying to save plants and animals from disappearing, the mosquito is one of the few creatures that people argue is actually worthy of extinction. Forget about tigers or bears; it's the tiny mosquito that is the deadliest animal on Earth. The human misery caused by malaria is undeniable. Nearly 600,000 people died of the disease in 2023, according to the World Health Organization, with the majority of cases in Africa... But recently, the Hastings Center for Bioethics, a research institute in New York, and Arizona State University brought together a group of bioethicists to discuss the potential pitfalls of intentionally trying to drive a species to extinction. In a policy paper published in the journal Science last month, the group concluded that "deliberate full extinction might occasionally be acceptable, but only extremely rarely..."

It's unclear how important malaria-carrying mosquitoes are to broader ecosystems. Little research has been done to figure out whether frogs or other animals that eat the insects would be able to find their meals elsewhere. Scientists are hotly debating whether a broader "insect apocalypse" is underway in many parts of the world, which may imperil other creatures that depend on them for food and pollination... Instead, the authors said, geneticists should be able to use gene editing, vaccines and other tools to target not the mosquito itself, but the single-celled Plasmodium parasite that is responsible for malaria. That invisible microorganism — which a mosquito transfers from its saliva to a person's blood when it bites — is the real culprit.
A nonprofit research consortium called Target Malaria has genetically modified mosquitoes in their labs (which get core funding from the Gates Foundation and from Open Philanthropy, backed by Facebook co-founder Dustin Moskovitz and his wife). ), and hopes to deploy them in the wild within five years...

TweakTown writes that the Switch 2 "has reportedly beaten the record for the most-sold console within 24 hours and is on track to shatter the two-month record," selling over 3 million units and tripling the PlayStation 4's previous launch day sales.

So Nintendo's first console in 8 years becomes "one of the most successful hardware releases of all time," writes Barron's, raising hopes for the future: [2017's original Switch] ultimately sold more than 152 million units... Switch 2's big advantage is its backward compatibility, allowing it to play current-generation Switch games and giving gamers solace that their large investments in software are intact... Many older Switch games also play better on the Switch 2, taking advantage of the extra horsepower.
Bloomberg writes that its bigger screen and faster chip "live up to the hype: Despite the hype and a $150 increase over the launch price for the original, the second-generation system manages to impress with faster performance, improved graphics, more comfortable ergonomics and enough tweaks throughout to make this feel like a distinctly new machine... This time, it's capable of outputting 4K resolution and more impactful HDR video to your TV screen... It's a bigger, faster, more polished version of a wildly successful gadget.
The "buzzy launch drew long lines" at retailers like Walmart, Target, Best Buy, and Gamestop, according to the article. (See the photos from AOL.com and USA Today.) "The era of spending hours waiting in line for the latest iPhone is long gone, but the debut of a new video game console is still a rare enough event that Nintendo fans didn't think twice about driving to retailers in the middle of the night to secure a Switch 2."

The Verge also opines that "the Switch 2's eShop is much better," calling it "way faster... with much less lag browsing through sections and loading up game pages."

Or, as Barron's puts it, "Ultimately, Nintendo is winning because it has a different strategy than its competition, the Sony PlayStation and Microsoft Xbox. Instead of trying to appeal to tech snobs like me, who are obsessed with graphics resolution and hardware statistics like teraflops, Nintendo focuses on joy and fun."

Microsoft cut hundreds more jobs just weeks after its largest layoff in years, underscoring the tech industry's efforts to trim costs even as it plows billions of dollars into artificial intelligence. From a report: More than 300 employees were told their positions had been eliminated on Monday, according to a Washington state notice reviewed by Bloomberg.

The cuts impacted a range of positions, including software engineers, marketers, product managers, lawyers and research scientists, a state document showed. A Microsoft spokesperson said the latest headcount reduction is in addition to the 6,000 job cuts announced last month.

In March an executive order directed America's treasury secretary to create two stockpiles of crypto assets (to accompany already-existing "strategic reserves"of gold and foreign currencies). And the Washington Post notes these new stockpiles would include "cryptocurrency seized by federal agencies in criminal or civil proceedings." But how big would America's "Strategic Bitcoin Reserve" be — and what other cryptocurrencies would the U.S. government hold in its "Digital Asset Stockpile"?

"New data on what crypto cash the U.S. government has seized may now provide some answers. It suggests the crypto reserves will together hold more than $21 billion in cryptocurrency... The stockpile will be funded with whatever crypto assets the Treasury holds other than bitcoin, leaving the stockpile's composition to be largely determined by a mixture of chance and criminal conduct. That unconventional method for selecting government financial holdings had the benefit of making the reserves cost-neutral for the taxpayer.

It also provided a way to estimate what exactly might go into the two pools before results are released from an official accounting of U.S. crypto holdings that is underway.Because government seizures are disclosed in court documents, news releases and other sources, crypto-tracking firms can use those notices to monitor which digital assets the U.S. government holds. Chainalysis, a blockchain analytics firm, reviewed cryptocurrency wallets that appear to be associated with the U.S. government for The Washington Post. The company estimated how much bitcoin it holds, and the other crypto tokens in its top 20 digital holdings as of May 13, by tracking transactions involving those wallets.

The United States' top 20 crypto holdings according to Chainalysis are worth about $20.9 billion as of 3 p.m. Eastern on May 28, with $20.4 billion in bitcoin and about $493 million in other digital assets. It has been scooped up from crimes such as stolen funds, scams and sales on dark net markets. Those estimates put the U.S. government's top crypto holdings at less than the approximately $25 billion worth of oil held in the U.S. Strategic Petroleum Reserve. Their value is nearly double the Fed's listing for U.S. gold holdings, although that figure uses outdated pricing and would be over $850 billion at current prices...

The crypto tokens headed for the U.S. Digital Asset Stockpile according to the Chainalysis list include ethereum, the world's second-largest digital asset, and a string of other crypto tokens with punier name recognition. They include derivatives of bitcoin and ethereum that mirror those cryptocurrencies' prices, several stable coins designed to be pegged in value to the U.S. dollar, and 10 tokens tied to specific companies, including the cryptocurrency exchanges FTX, which imploded in 2022 after defrauding customers, and Binance.
Two U.S. states have already passed legislation creating their own cryptocurrency reserve funds, the article points out. But ethereum co-founder Vitalik Buterin complained to the Post in March that crypto's "original spirit...is about counterbalancing power" — including government and corporate power, and getting too close to "one particular government team" could conflict with its mission of decentralization and openness. And he's not the only one concerned: Austin Campbell, a professor at New York University's business school and a principal at crypto advisory firm Zero Knowledge, sees hypocrisy in crypto enthusiasts cheering the government's strategic reserves. The bitcoin community in particular "has historically been about freedom from sovereign interference," he said.

The SEC on Thursday voluntarily dismissed its lawsuit against Binance, the world's largest cryptocurrency exchange. It brings an end to one of the last remaining crypto enforcement actions brought by the agency. Reuters reports: The SEC had accused the defendants in 2023 of artificially inflating trading volumes, diverting customer funds, failing to restrict U.S. customers from Binance's platform, and misleading investors about its market surveillance controls. It also accused Binance of unlawfully facilitating trading of several tokens that prior SEC leadership deemed unregistered securities. Developing...