"The romantic partner of Theranos fraudster Elizabeth Holmes has launched a start-up that sounds eerily similar to the venture that landed his girlfriend behind bars," writes The Daily Beast.

He's incorporated "Haemanthus" in Delaware a year and a half ago (though the company operates out of his neighborhood in Austin), according to the New York Times. Haemanthus appears to have around 10 employees.

From The Daily Beast: California hotel heir Billy Evans' new company is a blood-testing firm that markets itself as "the future of diagnostics," offering "a radically new approach to health testing," according to The New York Times. In other words, exactly what Theranos said it would do. Holmes is even advising the start-up from the Texas prison where she is serving out an 11-year prison sentence for fraud, sources told NPR... Evans has managed to raise nearly $20 million in funds from both friends and established investors in Austin and San Francisco, according to the investor materials.
The Times reports that Evan's company "plans to begin with testing pets for diseases before progressing to humans, according to two investors pitched on the company."

And TechCrunch reminds readers that Elizabeth Holmes said in a recent interview "that she remains 'completely committed to my dream of making affordable healthcare solutions available to everyone.'"

An anonymous reader quotes a report from Ars Technica: Using AI can be a double-edged sword, according to new research from Duke University. While generative AI tools may boost productivity for some, they might also secretly damage your professional reputation. On Thursday, the Proceedings of the National Academy of Sciences (PNAS) published a study showing that employees who use AI tools like ChatGPT, Claude, and Gemini at work face negative judgments about their competence and motivation from colleagues and managers. "Our findings reveal a dilemma for people considering adopting AI tools: Although AI can enhance productivity, its use carries social costs," write researchers Jessica A. Reif, Richard P. Larrick, and Jack B. Soll of Duke's Fuqua School of Business.

The Duke team conducted four experiments with over 4,400 participants to examine both anticipated and actual evaluations of AI tool users. Their findings, presented in a paper titled "Evidence of a social evaluation penalty for using AI," reveal a consistent pattern of bias against those who receive help from AI. What made this penalty particularly concerning for the researchers was its consistency across demographics. They found that the social stigma against AI use wasn't limited to specific groups. "Testing a broad range of stimuli enabled us to examine whether the target's age, gender, or occupation qualifies the effect of receiving help from Al on these evaluations," the authors wrote in the paper. "We found that none of these target demographic attributes influences the effect of receiving Al help on perceptions of laziness, diligence, competence, independence, or self-assuredness. This suggests that the social stigmatization of AI use is not limited to its use among particular demographic groups. The result appears to be a general one."

Huawei has launched its first laptop running HarmonyOS instead of Windows, complete with AI features and support for over 2,000 mostly China-focused apps. The product is largely a result of U.S. sanctions that prevented U.S.-based companies like Google and Microsoft from doing business with Huawei, forcing the company to develop its own in-house solution. Liliputing reports: Early version of HarmonyOS were basically skinned version of Android, but over time Huawei has moved the two operating systems further apart and it now includes Huawei's own kernel, user interface, and other features. The version designed for laptops features a desktop-style operating system with a taskbar and dock on the bottom of the screen and support for multitasking by running multiple applications in movable, resizable windows.

Since this is 2025, of course Huawei's demos also heavily emphasize AI features: the company showed how Celia, its AI assistant, can summarize documents, help prepare presentation slides, and more. While the operating system won't support the millions of Windows applications that could run on older Huawei laptops, the company says that at launch it will support more than 2,000 applications including WPS Office (an alternative to Microsoft Office that's developed in China), and a range of Chinese social media applications.

CrowdStrike, the cybersecurity firm that became a household name after causing a massive global IT outage last year, has announced it will cut 5% of its workforce in part due to "AI efficiency." From a report: In a note to staff earlier this week, released in stock market filings in the US, CrowdStrike's chief executive, George Kurtz, announced that 500 positions, or 5% of its workforce, would be cut globally, citing AI efficiencies created in the business.

"We're operating in a market and technology inflection point, with AI reshaping every industry, accelerating threats, and evolving customer needs," he said. Kurtz said AI "flattens our hiring curve, and helps us innovate from idea to product faster," adding it "drives efficiencies across both the front and back office. AI is a force multiplier throughout the business," he said. Other reasons for the cuts included market demand for sustained growth and expanding the product offering.

An anonymous reader shares a report: Panasonic will undertake a major restructuring across a range of its business, including consumer electronics, cutting 10,000 jobs globally, as the Japanese company plans to streamline, spinning out struggling divisions in hopes of reversing its dwindling market share and fending off fierce Chinese competition. Panasonic did not say which businesses it intended to shrink. The company expects to book structural reform costs of roughly $900 million this business year. Panasonic ended the fiscal year

Facing deep staffing cuts, the IRS plans to lean heavily on AI to maintain tax collection efforts, with Treasury Secretary Scott Bessent stating that smarter IT and the "AI boom" will offset reductions in revenue enforcement staff. The Register reports: When asked by Congressman Steny Hoyer (D-MD) whether proposed reductions in the IRS's IT budget, along with plans to cut additional staff, would affect the agencies ability to collect tax revenue, Bessent said it wouldn't, thanks to the current "AI boom." "I believe through smarter IT, through this AI boom, that we can use that to enhance collections," Bessent told Hoyer and the Committee (24:29 into the video linked [here]). "I expect collections would continue to be very robust as they were this year."

Bessent's comments didn't explain how the IRS intends to deploy AI. Given how much it has slashed its enforcement staff since Trump took office, the agency definitely needs to do something. [...] Bessent's comments didn't explain how the IRS intends to deploy AI. Given how much it has slashed its enforcement staff since Trump took office, the agency definitely needs to do something. "There is nothing that shows historically that bringing in unseasoned collections agents will result in more collections," Bessent told the Committee. "IRS already uses AI for business functions including operational efficiency, compliance and fraud detection, and taxpayer services," the agency told The Register. "AI use cases must follow all relevant IRS privacy and security policies."

schwit1 shares a report from Behind The Black: Almost immediately after India's government issued this week new tightened regulations for allowing private satellite constellations to sell their services in India, it also apparently completed negotiations with SpaceX to allow it to sell Starlink in India based on these rules. Business Today reports: "According to sources, the DoT [Department of Transportation] granted the LoI [Letter of Intent] after Starlink accepted 29 strict security conditions, including requirements for real-time terminal tracking, mandatory local data processing, legal interception capabilities, and localisation of at least 20% of its ground segment infrastructure within the first few years of operation.

Starlink's nod came amid heightened national security sensitivities, coinciding with India's pre-dawn Operation Sindoor strikes on terror camps across the border in response to the Pahalgam massacre. However, DoT officials clarified that the decision to approve Starlink was independent of these military developments." At the moment SpaceX's chief competitors, OneWeb and Amazon's Kuiper constellation, have not yet obtained the same permissions. This allows SpaceX to grab a large portion of the market share in India before either of these other companies.

In a recent interview with the Council on Foreign Relations, Cloudflare CEO Matthew Prince warned that AI is breaking the economic model of the web by decoupling content creation from value, with platforms like Google and OpenAI increasingly providing answers without driving traffic to original sources. He argued that unless AI companies start compensating creators, the web's content ecosystem will collapse -- calling most current AI investment a "money fire" with only a small fraction holding long-term value. Search Engine Land reports: Google's value exchange with content creators has collapsed, Prince said: "Ten years ago... for every two pages of a website that Google scraped, they would send you one visitor. ... That was the trade. ... Now, it takes six pages scraped to get one visitor." That drop reflects the rise of zero-click searches, which happen when searchers get answers directly on Google's search page. "Today, 75 percent of the queries... get answered without you leaving Google." This trend, long criticized by publishers and SEOs, is part of a broader concern: AI companies are using original content to generate answers that rarely/never drive traffic back to creators.

AI makes the problem worse. Large language models (LLMs) are accelerating the crisis, Prince said. AI companies scrape far more content per user interaction than Google ever has -- with even less return to creators. "What do you think it is for OpenAI? 250 to one. What do you think it is for Anthropic? Six thousand to one." "More and more the answers... won't lead you to the original source, it will be some derivative of that source." This situation threatens the sustainability of the web as we know it, Prince said: "If content creators can't derive value... then they're not going to create original content."

The modern web is breaking. AI companies are aware of the problem, and the business model of the web can't survive unless there's some change, Prince said: "Sam Altman at OpenAI and others get that. But... he can't be the only one paying for content when everyone else gets it for free." Cloudflare's right in the middle of this problem -- it powers 80% of AI companies and a 20-30% of the web. Cloudfaire is now trying to figure out how to help fix what's broken, Prince said. AI = money fire. Prince is not against AI. However, he said he is skeptical of the investment frenzy. "I would guess that 99% of the money that people are spending on these projects today is just getting lit on fire. But 1% is going to be incredibly valuable." "And so maybe we've all got a light, you know, $100 on fire to find that $1 that matters." You can watch a recording of the interview and read the full transcript here.

Meta CEO Mark Zuckerberg is aggressively promoting a future where AI becomes the dominant form of social interaction, claiming that AI friends, therapists, and business agents will soon outnumber human relationships. During a recent media blitz across multiple podcasts and a Stripe conference appearance, Zuckerberg cited statistics suggesting "the average American has fewer than three friends" while claiming people desire "meaningfully more, like 15 friends" -- positioning AI companions as the solution to this gap.

The Meta founder's vision extends beyond casual interaction to therapeutic and commercial relationships, with personalized AI that "has a deep understanding of what's going on in this person's life." Meta has already deployed its AI across Instagram, Facebook, and Ray-Ban smart glasses, reaching nearly a billion monthly users.

Harman International, a Samsung subsidiary, announced it is acquiring Masimo's consumer audio division for $350 million in cash. "The deal is expected to finalized by the end of 2025, though it's still subject to regulatory approvals," notes Engadget. From the report: Samsung purchased Harman International back in 2017 for $8 billion, though it allowed the company to operate as an independent subsidiary. Harman's brands include JBL, Harman Kardon, AKG, Mark Levinson, Arcam and Revel. If and when the acquisition pushes through, Masimo's audio brands under Sound United will be added to the list, including Bowers & Wilkins, Denon, Marantz and Polk Audio. [...]

As noted by The Verge, Samsung published a press release, where it briefly talked about the history of the brands it's acquiring. It mentioned some of Bowers & Wilkins' most iconic products, such as the Nautilus loudspeaker (pictured above) and its Zeppelin wireless speaker, as well as Denon's history as an early adopter of the CD player. Harman had a 60 percent market share in portable audio devices last year, and the company is looking to maintain that position with this purchase. Samsung also plans to apply the new brands' audio technologies to its smartphones, TVs, wireless earphones, soundbars and other devices in the future.

According to Bloomberg, the Trump administration plans to revise a set of chip trade restrictions called the "AI diffusion" rule, which were scheduled to take effect on May 15. CNBC reports: The rule, which was proposed in the last days of the Biden administration, organizes countries into three different tiers, all of which have different restrictions on whether advanced AI chips like those made by Nvidia, AMD, and Intel can be shipped to the country without a license.

Chipmakers including Nvidia and AMD have been against the rule. AMD CEO Lisa Su told CNBC on Wednesday that the U.S. should strike a balance between restricting access to chips for national security and providing access, which will boost the American chip industry. Nvidia CEO Jensen Huang said earlier this week that being locked out of the Chinese AI market would be a "tremendous loss."

IBM CEO Arvind Krishna said the tech giant has used AI, and specifically AI agents, to replace the work of a couple hundred human resources workers. As a result, it has hired more programmers and salespeople, he said. From a report: Krishna's comments on Monday come as businesses sort through the workforce impacts of AI and AI agents, the independent bots that can autonomously perform tasks like analyze spreadsheets, conduct research and draft emails.

While there haven't yet been widespread layoffs or downsizing as a result of AI across the economy, some business leaders have said they are holding down head count as they investigate the use of the technology.

Meanwhile, the information-technology workforce has continued to shrink as AI weighs on hiring and some workers leave the field. For IBM, which this week hosts its annual Think conference in Boston, AI adoption has led it to boost hiring in some functions.

An anonymous reader quotes a report from TechCrunch: The U.S. Federal Trade Commission (FTC) on Monday released new documentation detailing its new "Rule on Unfair or Deceptive Fees." The rule, set to take effect on May 12, prohibits hidden fees for live events, hotels, and short-term rentals. It also bans practices such as "bait-and-switch pricing" and any actions that conceal or misrepresent total prices and fees.

In a newly published FAQ, the FTC offers a guide for these types of businesses, providing detailed information about pricing transparency. The rule will impact businesses, including live-event ticket sellers and short-term lodging providers, like hotels, motels, Airbnb, or VRBO. Third-party platforms, resellers, and travel agents are also covered by the new regulation. (Airbnb already updated its service in advance of this new regulation to show users the total cost of their stay upfront.) [...]

Also included in the FTC's new FAQ are the types of fees that can be excluded, such as taxes or government fees, shipping charges, and charges for optional goods or services people may select to buy as part of the same transaction. (Note that handling charges aren't on this list.) However, the FTC notes that businesses must disclose that it has excluded charges from the total price before asking for payment. For example, if a business excludes shipping charges from the advertised price, it's required to clearly state the amount and purpose of those charges.

Reddit's Steve Huffman isn't mincing words about what he found when he came back as CEO in 2015: a company full of idealists who weren't exactly killing themselves with hard work.

"We were really idealistic, and that's been good in many ways, but we were also idealistic about not being a business," Huffman said on the "Prof G Pod" podcast. "Wrapped up in some of that idealism was also not working very hard," he added.

Huffman sees this as a Silicon Valley disease: "It's almost an entitlement of, 'I work at these companies, but I don't have to work very hard and I'm here for myself.'"

Microsoft has instituted a stringent new performance management system that places ousted employees on a two-year rehiring block list and categorizes their departures as "good attrition," Business Insider reported Tuesday, citing internal documents. The company now tracks staff departures it considers beneficial, mirroring Amazon's "unregretted attrition" metric, though no specific targets have been established yet.

Microsoft recently terminated 2,000 underperforming employees without severance and implemented a new performance improvement plan (PIP). Employees facing performance issues now must choose between entering the PIP or accepting a "Global Voluntary Separation Agreement" with 16 weeks of pay.

Further reading: Microsoft Offers Underperformers Cash To Quit.

An anonymous reader quotes a report from Reuters: OpenAI has agreed to buy artificial intelligence-assisted coding tool Windsurf for about $3 billion, Bloomberg News reported on Monday, citing people familiar with the matter. The deal has not yet closed, the report added. Windsurf, formerly known as Codeium, had recently been in talks with investors including General Catalyst and Kleiner Perkins to raise funding at a $3 billion valuation, according to Bloomberg News. The report notes that the deal "would be OpenAI's largest acquisition to date," further complementing ChatGPT's coding capabilities.

Microsoft officially shuttered Skype on May 5, ending the pioneering video chat service's 22-year run. The closure, announced in February, completes Skype's absorption into Microsoft Teams, the company's Slack competitor. Users opening Skype apps will now be redirected to Teams. The only surviving component is the Skype Dial Pad, which remains available within Microsoft Teams Free for subscribers to make calls to traditional phone numbers.

The once-dominant video calling platform was purchased by Microsoft for $8.5 billion in 2011, replacing the company's Windows Live Messenger. Created in 2003 by developers behind Kazaa file-sharing software, Skype became synonymous with video calling during broadband internet's expansion. Skype's decline accelerated after Microsoft's acquisition, with unpopular redesigns and competition from Zoom, which captured market share during the COVID-19 pandemic. Microsoft began phasing out Skype in 2017, starting with Skype for Business, while bundling Teams with Office applications until regulatory intervention forced their separation.

OpenAI has decided that its nonprofit division will retain control over its for-profit organization, after the company initially announced that it planned to convert to a for-profit organization. From a report: According to the company, OpenAI's business wing, which has been under the nonprofit since 2019, will transition to a public benefit corporation (PBC). The nonprofit will control and also be a large shareholder of the PBC. "OpenAI was founded as a nonprofit, and is today overseen and controlled by that nonprofit," OpenAI Board Chairman Bret Taylor wrote in a statement on the company's blog. "Going forward, it will continue to be overseen and controlled by that nonprofit."

OpenAI says that it made the decision "after hearing from civic leaders and engaging in constructive dialogue with the offices of the Attorney General of Delaware and the Attorney General of California." "We thank both offices and we look forward to continuing these important conversations to make sure OpenAI can continue to effectively pursue its mission," Taylor continued.

The United Arab Emirates will introduce AI to the public school curriculum this year, as the Gulf country vies to become a regional powerhouse for AI development. From a report: The subject will be rolled out in the 2025-2026 academic year for kindergarten pupils through to 12th grade, state-run news agency WAM reported on Sunday. The course includes ethical awareness as well as foundational concepts and real-world applications, it said. The UAE joins a growing group of countries integrating AI into school education. Beijing announced a similar move to roll out AI courses to primary and secondary students in China last month.

Yahoo Finance reports that Mark Zuckerberg made bold predictions for investors on Meta's earnings call this week — about advertisers. "AI has already made us better at targeting and finding the audiences that will be interested in their products than many businesses are themselves," Zuck said, "and that keeps improving..."

"If we deliver on this vision, then over the coming years, I think that the increased productivity from AI will make advertising a meaningfully larger share of global GDP than it is today..." If investors are still searching for answers to nagging questions about how massive AI investments will pay off, Zuckerberg provided the clearest reply yet: It will strengthen our core business. In fact, it is our business... On what many believe to be the cusp of an economic downturn, Meta isn't pitching its AI developments as an add-on to its operations, but as something central to its core proposition of targeted advertising...

"While Meta's investments in GenAI have spooked certain investors who continue to question the return on these investments, we saw further signs of GenAI monetization in the firm's ad business," wrote Morningstar equity analyst Malik Ahmed Khan in a note on Thursday. In a powerful showing, coming after Alphabet's own impressive results, Meta noted that a new ads recommendation model it's testing for Reels has already boosted conversion rates by 5%. And nearly one-third of advertisers were using AI creative tools in the past quarter. For Zuckerberg, the enhancements AI offers to finding the right consumers and providing measurable results strengthen the case for boosting capacity and for a revamped model of advertising's scope.

And with the company set to invest upwards of $70 billion toward its AI opportunity this year, the bet is not all about ads, of course. Zuckerberg outlined four other areas of focus for its AI efforts: business messaging, Meta AI, AI devices, and more engaging experiences. Meta's efforts can also be viewed as an ambitious play to take on its rivals across tech's legacy and emerging platforms. As John Blackledge, senior analyst at TD Cowen, said in a note on Thursday, the AI opportunities Zuckerberg outlined are about "ultimately taking on Google search, iPhone and ChatGPT all at once."
In the pre-AI world, "Businesses used to have to generate their own ad creative and define what audiences they wanted to reach," Zuckerberg told Meta's investors this week.

And by Friday's closing, Meta's stock had jumped 12.6% over its value Wednesday morning, leading Yahoo Finance to conclude that Wall Street "appears to be buying into" Zuckerberg's vision.