Meta has acquired a $3.5 billion stake in Ray-Ban maker EssilorLuxottica, "a deal that increases the U.S. tech giant's financial commitment to the fast-growing smart glasses industry," reports Bloomberg. From the report: Meta's investment in the eyewear giant deepens the relationship between the two companies, which have partnered over the past several years to develop AI-powered smart glasses. Meta currently sells a pair of Ray-Ban glasses, first debuted in 2021, with built-in cameras and an AI assistant. Last month, it launched separate Oakley-branded glasses with EssilorLuxottica. EssilorLuxottica Chief Executive Officer Francesco Milleri said last year that Meta was interested in taking a stake the company, but that plan hadn't materialized until now.

The deal aligns with Meta CEO Mark Zuckerberg's commitment to AI, which has become a top priority and major expense for the company. Smart glasses are a key part of that plan. While Meta has historically had to deliver its apps and services via smartphones created by competitors, glasses offer Meta a chance to build its own hardware and control its own distribution, Zuckerberg has said. The arrangement gives Meta the advantage of having more detailed manufacturing knowledge and global distribution networks, fundamental to turning its smart glasses into mass-market products. For EssilorLuxottica, the deal provides a deeper presence in the tech world, which would be helpful if Meta's futuristic bets pay off. Meta is also betting on the idea that people will one day work and play while wearing headsets or glasses.

BrianFagioli shares a report from NERDS.xyz: Apple is making a high-level leadership change that could significantly shape its future behind the scenes. The company has announced that longtime executive Jeff Williams will step down from his role as Chief Operating Officer later this month. His successor will be Sabih Khan, Apple's Senior Vice President of Operations and a key player in the company's global supply chain strategy. Williams isn't leaving Apple entirely just yet. He'll continue working closely with CEO Tim Cook for the rest of the year, overseeing Apple Watch and health initiatives, as well as leading the company's industrial design team until his retirement. After that, Apple's design team will report directly to Cook.

Khan's promotion is part of what Apple describes as a long-planned transition. Cook praised Khan as a "brilliant strategist" who helped Apple reduce its carbon footprint by over 60 percent, expand domestic manufacturing, and remain agile during global supply chain challenges. Khan has been with Apple for 30 years and took on a more prominent executive role in 2019. He has quietly helped the company build one of the most influential supply chains in the world.

Intel is laying off over 500 employees in Oregon as part of a broader restructuring plan expected to impact about 20% of its workforce. Bloomberg reports: The Oregon job reduction will hit facilities in Aloha and Hillsboro starting on July 15, Intel said in a regulatory filing. The layoffs are expected to eliminate about 529 employees on a permanent basis. The latest disclosure follows an announcement in California, where 107 employees were let go at Intel's Santa Clara headquarters.

Under new Chief Executive Officer Lip-Bu Tan, Intel embarked on a plan in April to slash jobs and reduce operating expenses. The company hasn't given a total figure for the cuts, but a person familiar with the matter has put the amount at more than a fifth of staff. In a statement, Intel said it was making the Oregon cuts to become "a leaner, faster and more efficient company."

"Removing organizational complexity and empowering our engineers will enable us to better serve the needs of our customers and strengthen our execution," the company said. "We are making these decisions based on careful consideration of what's needed to position our business for the future, and we will treat people with care and respect as we complete this important work."

Corporate employees of Amazon have been asked to volunteer their time to the company's warehouses to assist with grocery delivery as it heads into its annual discount spree known as Prime Day. From a report: In a Slack message reviewed by the Guardian that went to thousands of white-collar workers in the New York City area from engineers to marketers, an Amazon area manager called for corporate "volunteers to help us out with Prime Day to deliver to customers on our biggest days yet." It is not clear how many took up the offer.

The ask came the day before Prime Day kicks off. The manager said volunteers are "needed" to work Tuesday through Friday this week, in two-hour shifts between 10am and 6pm in the Red Hook neighborhood of Brooklyn, where the company operates a warehouse as part of its grocery delivery service, Amazon Fresh. Corporate employees seconded to the warehouse would be tasked with picking items, preparing carts and bags of groceries for delivery, packing boxes on receiving carts, and working to "boost morale with distribution of snacks," though they would be allowed to step into a conference room to take meetings and calls, according to the message. The manager noted such an effort would help "connect" warehouse and corporate teams. Further reading: Amazon Prime Day Spending Down 14% in Early Hours From 2024.

Napster has returned with an AI-powered reinvention, launching a platform of specialized chatbots and holographic avatars. The former dot-com music file-sharing pioneer now offers dozens of "AI companions" trained as experts in fields from therapy to business strategy, plus the View device for 3D holographic video chats, FastCompany reports.

Infinite Reality acquired Napster for $207 million in March and rebranded itself under the nostalgic name. The platform charges $19 monthly or $199 bundled with hardware, marking Napster's latest attempt at relevance after previous owners tried VR concerts and crypto ventures.

Nintendo plans to maintain its "traditional approach" to game development while managing rising costs during the Switch 2 transition, company president Shuntaro Furukawa said during a recent shareholders meeting.

"Recent game software development has become larger in scale and longer in duration, resulting in higher development costs," he said, adding that "rising development costs are increasing that risk" in what has always been "a high-risk business."

Nintendo's development teams are "currently devising various ways to maintain our traditional approach to creating games amidst the increasing scale and length of development," Furukawa said. The company believes, he said, "it is important to make the necessary investments for more efficient development."

The early Switch 2 lineup reflects increased ambition, with Mario Kart World introducing open-world structure to the racing series and Donkey Kong Bananza adding destructive elements to 3D platforming. Mario Kart World sells for $79.99, $10 more than most Nintendo games, while the Switch 2 costs $449.99, a $100 increase over the Switch OLED.

alternative_right writes: A study by Anthropic researchers on how human feedback can encourage sycophantic behavior showed that AI assistants will sometimes modify accurate answers when questioned by the user -- and ultimately give an inaccurate response.

An anonymous reader shares a report: OpenAI said it has no active plans to use Google's in-house chip to power its products, two days after Reuters and other news outlets reported on the AI lab's move to turn to its competitor's artificial intelligence chips to meet growing demand.

A spokesperson for OpenAI said on Sunday that while the AI lab is in early testing with some of Google's tensor processing units (TPUs), it has no plans to deploy them at scale right now.

Americans live in separate economic realities: Those with a job are likely to stay employed, but those without one are likely to stay unemployed. From a report: Welcome to the low-hire, low-fire labor market. Private-sector layoffs are at historic lows, but that masks a dreadful outlook for unemployed workers or those unhappy with their current positions.

[...] "We're in a complex jobs market -- it's not falling apart but the lack of dynamism, the lack of churn and the lack of hiring has been punctuated in the first half of the year," says ADP chief economist Nela Richardson. "Many employers are loath to lay off workers until they see the whites of the eyes of a recession, having had such problems finding suitable workers in the first place," David Kelly, chief global strategist at J.P. Morgan Asset Management, wrote in a recent note.

An anonymous reader shares a report: India is set to begin mass-producing electric-vehicle batteries within 18 months, a step hailed as a leap towards industrial self-reliance. Yet the structure of this new industry looks troublingly familiar, echoing a pattern of dependence that has long marked India's economy.

Nowhere is this dependence clearer than in the heft of intellectual property. The portfolios of India's largest battery-makers, Amara Raja and Exide, contain just seven patents combined. This pales in comparison to the industry's giants: China's CATL sits on a hoard of over 43,000 patents, while South Korea's LG Energy Solution possesses some 70,000.

Having largely missed the global lithium-ion boom, India's established lead-acid manufacturers built a business model on licensing technology rather than inventing it. This long-standing habit is now reflected in deals that create deep technological dependency. A 2022 agreement between Exide and China's SVOLT, for example, calls for SVOLT to not only transfer intellectual property but also to oversee plant construction, supply the equipment and integrate the factory into its own Chinese supply chain. Amara Raja's deal with Gotion High-Tech in June 2024 follows a similar template.

Google DeepMind's chief business officer says Alphabet's drug-discovery company Isomorphic Labs "is preparing to launch human trials of AI-designed drugs," according to a report in Fortune, "pairing cutting-edge AI with pharma veterans to design medicines faster, cheaper, and more accurately." "There are people sitting in our office in King's Cross, London, working, and collaborating with AI to design drugs for cancer," said Colin Murdoch [DeepMind's chief business officer and president of Isomorphic Labs]. "That's happening right now."

After years in development, Murdoch says human clinical trials for Isomorphic's AI-assisted drugs are finally in sight. "The next big milestone is actually going out to clinical trials, starting to put these things into human beings," he said. "We're staffing up now. We're getting very close."

The company, which was spun out of DeepMind in 2021, was born from one of DeepMind's most celebrated breakthroughs, AlphaFold, an AI system capable of predicting protein structures with a high level of accuracy. Interactions of AlphaFold progressed from being able to accurately predict individual protein structures to modeling how proteins interact with other molecules like DNA and drugs. These leaps made it far more useful for drug discovery, helping researchers design medicines faster and more precisely, turning the tool into a launchpad for a much larger ambition... In 2024, the same year it released AlphaFold 3, Isomorphic signed major research collaborations with pharma companies Novartis and Eli Lilly. A year later, in April 2025, Isomorphic Labs raised $600 million in its first-ever external funding round, led by Thrive Capital. The deals are part of Isomorphic's plan to build a "world-class drug design engine..."

Today, pharma companies often spend millions attempting to bring a single drug to market, sometimes with just a 10% chance of success once trials begin. Murdoch believes Isomorphic's tech could radically improve those odds. "We're trying to do all these things: speed them up, reduce the cost, but also really improve the chance that we can be successful," he says. He wants to harness AlphaFold's technology to get to a point where researchers have 100% conviction that the drugs they are developing are going to work in human trials. "One day we hope to be able to say — well, here's a disease, and then click a button and out pops the design for a drug to address that disease," Murdoch said. "All powered by these amazing AI tools."

"The China Film Foundation, a nonprofit fund under the Chinese government, plans to use AI to revitalize 100 kung fu classics including Police Story, Once Upon a Time in China and Fist of Fury, featuring Jackie Chan, Jet Li and Bruce Lee, respectively," reports the Los Angeles Times.

"The foundation said it will partner with businesses including Shanghai Canxing Culture & Media Co., which will license 100 Hong Kong films to AI companies to reintroduce those movies to younger audiences globally." The foundation said there are opportunities to use AI to tell those stories through animation, for example. There are plans to release an animated version of director John Woo's 1986 film A Better Tomorrow that uses AI to "reinterpret" Woo's "signature visual language," according to an English transcript of the announcement....

The project raised eyebrows among U.S. artists, many of whom are deeply wary of the use of AI in creative pursuits. The Directors Guild of America said AI is a creative tool that should only be used to enhance the creative storytelling process and "it should never be used retroactively to distort or destroy a filmmaker's artistic work... The DGA strongly opposes the use of AI or any other technology to mutilate a film or to alter a director's vision," the DGA said in a statement. "The Guild has a longstanding history of opposing such alterations on issues like colorization or sanitization of films to eliminate so-called 'objectionable content', or other changes that fundamentally alter a film's original style, meaning, and substance."

The project highlights widely divergent views on AI's potential to reshape entertainment as the two countries compete for dominance in the highly competitive AI space.... During the project's announcement, supporters touted the opportunity AI will bring to China to further its cultural message globally and generate new work for creatives. At the same time, they touted AI's disruption of the filmmaking process, saying the A Better Tomorrow remake was completed with just 30 people, significantly fewer than a typical animated project. China is a "more brutal society in that sense," said Eric Harwit, professor of Asian studies at the University of Hawaii at Manoa. "If somebody loses their job because artificial intelligence is taking over, well, that's just the cost of China's moving forward.... You don't have those freestanding labor organizations, so they don't have that kind of clout to protest against the Chinese using artificial intelligence in a way that might reduce their job opportunities or lead to layoffs in the sector..."

The kung fu revitalization efforts will extend into other areas, including the creation of a martial arts video game.
The article also includes an interesting statistic. "Many people in China embrace AI, with 83% feeling confident that AI systems are designed to act in the best interest of society, much higher than the U.S. where it's 37%, according to a survey from the United Nations Development Program."

"A growing group of young, college-educated Americans are struggling to find work," reports the Minnesota Star Tribune, "as the unemployment rate for recent graduates outpaces overall unemployment for the first time in decades." While the national unemployment rate has hovered around 4% for months, the rate for 20-something degree holders is nearly 6%, data from the Federal Reserve Bank of New York shows. [And for young workers (ages 22 to 27) without a degree it's 6.9%.] The amount of time young workers report being unemployed is also on the rise.

Economists attribute some of the shift to normal post-pandemic cooling of labor market, which is making it harder for job-seekers of all ages to land a gig. But there's also widespread economic uncertainty causing employers to pull back on hiring and signs AI could replace entry-level positions....

Business schools nationwide were among the first to see the labor market shift in early 2023 as tech industry cuts bled into other sectors, said Maggie Tomas, Business Career Center executive director at Carlson. Tariffs and stock market volatility have only added to the uncertainty, she said. In 2022, when workers had their pick of jobs, 98% of full-time Carlson MBA graduates had a job offer in a field related to their degree within three months of graduation, according to the school. That number, which Tomas said is usually 90% or higher, dropped to 89% in 2023 and 83% in 2024.

Part of the challenge, she said, is recent graduates are now competing with more experienced workers who are re-entering the market amid layoffs and hiring freezes... After doing a lot of hiring in 2021 and 2022, Securian Financial in St. Paul is prioritizing internal hires, said Human Resources Director Leah Henrikson. Many entry-level roles have gone to current employees looking for a change, she said. "We are still looking externally, it's just the folks that we are looking for externally tend ... to fulfill a specific skill gap we may have at that moment in time," Henrikson said.

Three space probes are leaving our solar system — yet are still functioning. After the two Voyager space probes, New Horizons "was launched in 2006, initially to study Pluto," remembers New Scientist. But "it has since travelled way beyond this point, ploughing on through the Kuiper belt, a vast, wide band of rocks and dust billions of miles from the sun. It is now speeding at tens of thousands of kilometres per hour..."

And it's just performed the first ever example of interstellar navigation... As it hurtles out of our solar system, NASA's New Horizons spacecraft is so far from Earth that the stars in the Milky Way appear in markedly different positions compared with our own view... due to the parallax effect. This was demonstrated in 2020 when the probe beamed back pictures of two nearby stars, Proxima Centauri and Wolf 359, to Earth.

Now, Tod Lauer at the US National Optical-Infrared Astronomy Research Laboratory in Arizona and his colleagues have used this effect to work out the position of New Horizons... Almost all spacecraft calculate their bearings to within tens of metres using NASA's Deep Space Network, a collection of radio transmitters on Earth that send regular signals out to space. In comparison, the parallax method was far less accurate, locating New Horizons within a sphere with a radius of 60 million kilometres, about half the distance between Earth and the sun. "We're not going to put the Deep Space Network out of business — this is only a demo proof of concept," says Lauer. However, with a better camera and equipment they could improve the accuracy by up to 100 times, he says.

Using this technique for interstellar navigation could offer advantages over the DSN because it could give more accurate location readings as a spacecraft gets further away from Earth, as well as being able to operate autonomously without needing to wait for a radio signal to come from our solar system, says Massimiliano Vasile at the University of Strathclyde, UK. "If you travel to an actual star, we are talking about light years," says Vasile. "What happens is that your signal from the Deep Space Network has to travel all the way there and then all the way back, and it's travelling at the speed of light, so it takes years."
Just like a ship's captain sailing by the stars, "We have a good enough three-dimensional map of the galaxy around us that you can find out where you are," Lauer says.

So even when limiting your navigation to what's on-board the spacecraft, "It's a remarkable accuracy, with your own camera!"

This week Hewlett-Packard Enterprise settled its antitrust case with America's Justice Department, "paving the way for its acquisition of rival kit maker Juniper Networks," reported Telecoms.com: Under the agreement, HPE has agreed to divest its Instant On unit, which sells a range of enterprise-grade Wi-Fi networking equipment for campus and branch deployments. It has also agreed to license Juniper's Mist AIOps source code — a software suite that enables AI-based network automation and management. HPE can live with that, since its primary motivation for buying Juniper is to improve its prospects in an IT networking market dominated by Cisco, where others like Arista and increasingly Nokia and Nvidia are also trying to make inroads.
And after receiving regulatory clearance, HPE "very quickly closed the deal..." reports The Motley Fool. "In the press release heralding the news, the buyer wrote that it "doubles the size of HPE's networking business and provides customers with a comprehensive portfolio of networking solutions." Investors were obviously happy about this, as according to data compiled by S&P Global Market Intelligence the company's stock price ballooned by nearly 16% across the week, largely on the news.... The Justice Department had alleged, in a lawsuit filed in January, that an HPE/Juniper tie-up would essentially result in a duopoly in networking equipment. It claimed that a beefed-up HPE and networking incumbent Cisco would hold more than 70% combined of the domestic market.
Thanks to long-time Slashdot reader AmiMoJo for sharing the news.

Climate change is already having an impact on companies around the world. More than half of companies surveyed by Morgan Stanley experienced climate-related operational disruptions within the past year, including increased costs, worker disruption and revenue losses. Extreme heat and storms caused the most frequent disruptions, followed by wildfires and smoke, water shortages, and flooding.

The US spent nearly $1 trillion on disaster recovery and climate-related needs over the past year, according to Bloomberg Intelligence analysis, while nearly two-thirds of Tampa metro businesses reported losses from hurricanes Helene and Milton.

Valve has achieved near-total dominance of PC gaming distribution through Steam, but the victory appears to have left the company adrift, Financial Times argues. The platform controls an estimated 70% of PC game sales while generating billions in revenue, yet Valve releases major new games at what observers call a "glacial pace."

Founder Gabe Newell has largely retreated from the company's operations, reportedly living at sea on one of his five ships and pursuing side projects like brain-computer interface startup Starfish Neuroscience. The much-anticipated third Half-Life game became "the video game equivalent of Samuel Beckett's Godot" before being quietly cancelled.

Attempts to challenge Steam have failed repeatedly. Epic Games Store, powered by Fortnite's success, "has failed to really impact Steam in any meaningful way," according to industry analysts. Microsoft runs what analysts describe as a "somewhat unambitious store," while EA shut down its Origin launcher earlier this year. Gaming analyst Michael Pachter notes that major tech companies could displace Valve "but nobody cares" enough to mount a serious challenge.

Court documents suggest Steam's revenues will exceed $10 billion next year, leaving Valve with unprecedented profits but unclear direction for a company that appears to have run out of worlds to conquer.

An anonymous reader quotes a report from Tom's Hardware: Samsung is reportedly delaying the launch of its Taylor, Texas, fab, citing difficulties in securing customers for its output. Sources told Nikkei Asia that even if the South Korean chipmaker brings in the necessary equipment to produce chips at the new plant, the company cannot do anything with them due to the lack of demand. Aside from that, the original planned process node for the Taylor plant is no longer aligned with current demand, highlighting the rapid pace of semiconductor technology.

The chip maker started construction on the Taylor fab in 2022, with an initial investment of $17 billion. By 2024, the company decided to double this to $44 billion, with the addition of another advanced fab and expanded R&D operations. This move is supported by a $6.6-billion CHIPS Act subsidy, which was finalized in December last year, despite multiple delays and setbacks. Samsung C&T, the primary contractor for the Taylor fab, states that construction of the site is progressing. Documents from the company show that the site is almost 92% complete as of March 2024. Work on the site was originally scheduled to finish the following month, but regulatory filings indicate that this was moved to October.

No reason was given for the delay, but multiple sources indicate that it occurred due to a lack of demand. It was initially planned for the Taylor Fab to produce chips for the 4nm process node, but this has since been upgraded to 2nm, to compete with TSMC and Intel. A supply chain executive told the publication that there is little demand for the originally planned 4nm process node at the site. "Local demand for chips isn't particularly strong, and the process nodes Samsung planned several years ago no longer meet with current customer needs," the executive said to Nikkei Asia. "However, overhauling the plant would be a major and costly undertaking, so the company is adopting a wait-and-see approach for now." Although it has already declared its intention to upgrade the site to manufacture the 2nm process node, that is a resource-intensive task in terms of time, effort, and money. Despite the lack of customers, Samsung says it will proceed with opening the Taylor Fab by 2026 -- a necessary move to qualify for CHIPS Act funding and avoid falling behind competitors like TSMC. Delaying further could jeopardize billions already invested in the project.

An anonymous reader quotes a report from The Guardian: Nearly 1,000 British workers will keep a shorter working week after the latest trial of a four-day week and similar changes to traditional working patterns. All 17 British businesses in a six-month trial of the four-day week said they would continue with an arrangement consisting of either four days a week or nine days a fortnight. All the employees remained on their full salary. The trial was organized by the 4 Day Week Foundation, a group campaigning for more businesses to take up shorter working weeks.

The latest test follows a larger six-month pilot in 2022, involving almost 3,000 employees, which ended in 56 of 61 companies cutting down their hours from a five-day working week. [...] Researchers at Boston College, a US university, said the findings from the latest trial were "extremely positive" for workers. They found that 62% of workers reported that they experienced less burnout during the trial, according to a poll of 89 people. Forty-five percent of those polled said they felt "more satisfied with life."

The 4 Day Week Foundation has run successive trials to gather data and demonstrate how companies can make the switch. In January, the foundation said more than 5,000 people from a previous wave had started the year permanently working a four-day week. Companies involved in the latest trial, which started in November, included charities and professional services firms, with the number of employees at each employer ranging between five and 400. They included the British Society for Immunology and Crate Brewery in Hackney, east London. [...] The small web software company BrandPipe said that the latest trial had been a success for the business, coinciding with increased sales. Geoff Slaughter, BrandPipe's chief executive, said: "The trial's been an overwhelming success because it has been the launchpad for us to consider what constitutes efficiency, and financial performance is double what it was before."

Slaughter added: "If we're going to see it rolled out more substantially across different sectors, there should be incentives for early adopters, because we're creating the blueprint for the future."

An anonymous reader shares a report: Google has ended tests of a feature that would have let users open a snapshot of cooking-recipe content directly in web search results -- a welcome development for creators and food bloggers who were concerned about eroding traffic to their sites.

In recent months, Alphabet-owned Google has tested Recipe Quick View, which showed some food bloggers' content in search. The company framed the feature as an attempt to help users determine whether they are interested in a recipe before visiting a website. But some bloggers said they feared that the product would keep users from clicking through to their sites, depriving them of traffic and ad revenue.

Google on Tuesday confirmed it ended the trial.