Roomba maker iRobot has warned it may cease operations within 12 months unless it can refinance debt or find a buyer, just one day after launching a new vacuum cleaner line. In its March 12 quarterly report, the company disclosed it had spent $3.6 million to amend terms on a $200 million Carlyle Group loan from 2023, as U.S. revenue plunged 47% in the fourth quarter.

"Given these uncertainties and the implication they may have on the Company's financials, there is substantial doubt about the Company's ability to continue as a going concern for a period of at least 12 months from the date of the issuance of its consolidated 2024 financial statements," the company wrote.

The robot vacuum pioneer has initiated a formal strategic review after a failed Amazon acquisition, the departure of founder Colin Angle, and layoffs affecting over half its workforce. iRobot cited mounting competition from Chinese manufacturers and expects continued losses for "the foreseeable future."

An anonymous reader quotes a report from The Register: New York State has sued Allstate Insurance for operating websites so badly designed they would deliver personal information in plain-text to anyone that went looking for it. The data was lifted from Allstate's National General business unit, which ran a website for consumers who wanted to get a quote for a policy. That task required users to input a name and address, and once that info was entered, the site searched a LexisNexis Risk Solutions database for data on anyone who lived at the address provided. The results of that search would then appear on a screen that included the driver's license number (DLN) for the given name and address, plus "names of any other drivers identified as potentially living at that consumer's address, and the entire DLNs of those other drivers."

Naturally, miscreants used the system to mine for people's personal information for fraud. "National General intentionally built these tools to automatically populate consumers' entire DLNs in plain text -- in other words, fully exposed on the face of the quoting websites -- during the quoting process," the court documents [PDF] state. "Not surprisingly, attackers identified this vulnerability and targeted these quoting tools as an easy way to access the DLNs of many New Yorkers," according to the lawsuit. The digital thieves then used this information to "submit fraudulent claims for pandemic and unemployment benefits," we're told. ... [B]y the time the insurer resolved the mess, crooks had built bots that harvested at least 12,000 individuals' driver's license numbers from the quote-generating site.

Sphere Entertainment Co, the company behind the Las Vegas Sphere, said they are considering opening scaled-down versions of the immersive venue in other cities. AV Magazine reports: While this has been been feasible for its high-profile residencies such as U2, the Eagles, Dead & Company and Anyma, smaller venues could attract a broader range of artists who might not have the budget or demand to fill the flagship Las Vegas location. By scaling down the size while retaining the signature technology, Sphere Entertainment Co can offer a similar spectacle at a more sustainable cost for artists and spectators.

The possibility of mini-Spheres follows news that a full-scale venue will open in the UAE as a result of a partnership between Sphere Entertainment Co and the Department of Culture and Tourism -- Abu Dhabi. Beyond concerts, the Las Vegas Sphere has proven successful with immersive films such as V-U2: An Immersive Concert Film and the Sphere Expeience featuring Darren Aronofsky's Postcard from Earth, which In January passed 1,000 screenings. "As we enter a new fiscal year, we see significant opportunities to drive our Sphere business forward in Las Vegas and beyond," said Dolan. "We believe we are on a path toward realizing our vision for this next-generation medium and generating long-term shareholder value."

An anonymous reader quotes a report from the Washington Post: An Amazon-backed self-driving taxi failed to meet vehicle safety standardsbecause it lacks basics like a brake pedal and rearview mirrors, according to a report by federal inspectors that raises questions about the industry's plans to put a new generation of autonomous vehicles on U.S. roads. The National Highway Traffic Safety Administration report was produced as part of a review last year of an unusual vehicle by Amazon subsidiary Zoox that, without a steering wheel or other human controls, has no way for a person to drive. Zoox has asserted that the vehicle's technology, backed by artificial intelligence, complies with the agency's standards. But the NHTSA report documents "apparent noncompliances" with eight safety rules.

The contents of the previously undisclosed review suggest that rules written when autonomous vehicles were the stuff of futuristic musings pose a legal impediment to the industry's ambitions, even as plans for self-driving vehicles accelerate. Zoox has a small pilot fleet on the roads in California and Nevada and says it has completed thousands of trips carrying employees and guests. It is finalizing plans to launch public service in Las Vegas this year. [...] By documenting the apparent noncompliances of the Zoox, NHTSA could be setting the table for a recall, under agency procedures. It is unclear whether the Trump administration will attempt a change in course. The agency said it remains in discussion with Zoox and was "considering all options."

Zoox could have sought an exemption from the safety rules, but NHTSA has never granted one to an autonomous passenger vehicle. Instead, the company self-certified that its vehicle complied with the rules as it raced to be the first company to put a purpose-built robotaxi on the road and claim a share of what could become a multi trillion-dollar market. Zoox's vehicle bears little resemblance to a normal car. The plan is for customers to summon a ride using an app, much like a regular ride-hailing vehicle, getting in through bus-like doors and sitting facing one another. The vehicle navigates itself, seeing the world through a set of cameras and laser-based sensors. It largely relies on its own abilities to drive, but the company says teams of remote operators can seize control to help handle unusual situations. Passengers can call for assistance via a touch screen and open the doors using an emergency release. "We will continue to support transportation technology innovation while maintaining the safety of America's roads," NHTSA said in a statement.

"Our recent discussions with NHTSA are about mirrors, windshield wipers, a defroster, and a foot-activated brake pedal -- equipment that makes sense for vehicles with human drivers, but not for the Zoox purpose-built robotaxi," Zoox said in a statement. "Our purpose-built design means that the robotaxi can never be operated by a human driver, and our AI driver doesn't rely on this equipment to view the world."

An anonymous reader quotes a report from The Register: Vodafone is warning staff in the UK to work onsite at least eight days a month or be subject to disciplinary action from April. Group UK employees were last week sent the "Hybrid Working at Vodafone" memo -- seen by The Register -- to highlight the policy and tell them to expect a year-end conversation with their line manager. "You will have read in Get Ready for Year-End Conversations and a Hybrid Working Reminder [documents] that your line manager may discuss hybrid working with you as part of your year-end conversation. "We therefore want to remind everyone of the Group UK Hybrid Working policy. It's essential that all employees adhere to the expectation of being in the office 2-3 times a week, or at least eight days a month," it states.

"Employees who are not fully compliant with our hybrid working policy by the end of Q1 may be subject to disciplinary action in line with policy. Continued non-compliance with attendance expectations could result in a final written warning, which would mean individuals are not meeting the minimum performance standards and therefore would not be eligible for a bonus in 2026 or in subsequent years in which a final warning is given." Line managers can ask team members to attend the office on a specific day if reasonable notice is given and are advised to set team days to "help teach members to form a pattern." Vodafone has operated a hybrid work policy since 2021 "following the pandemic." "Vodafone's hybrid working policy has been in place since 2021, with all employees expected to be in the office 2-3 times a week, or at least eight days a month," said the company in a statement. "This allows flexibility for staff, and for them to benefit from in-office collaboration."

Southwest Airlines boasts that its passengers' "bags fly free" -- but not for long. From a report: Starting May 28 -- just in time for the busy summer travel season -- only Southwest's most elite Rapid Rewards A-List Preferred members and passengers who book their top-tier Business Select fares will receive two free checked bags. Frequent flyer A-List Members, Southwest-branded credit card holders and other select customers will be allowed one checked bag.

Everyone else will be charged for their first and second checked bags on flights booked on or after May 28, the carrier says. It's a break with Southwest's 54 year history -- one that could undermine customer loyalty to the carrier, according to experts. "This is how you destroy a brand. This is how you destroy customer preference. This is how you destroy loyalty. And this, I think, is going to send Southwest into a financial tailspin," airline industry analyst Henry Harteveldt, of Atmosphere Research Group, told CBS News senior transportation correspondent Kris Van Cleave. "Southwest, with these changes, becomes just another airline."

An anonymous reader shares a report: The average American workday now concludes at 4:39 p.m., a notable 36 minutes earlier than it did just two years ago when the clock-out time hovered around 5:21 p.m, according to the latest data from the workforce analytics and productivity software company ActivTrak.

The new report tracked the workplace behaviors of over 200,000 employees across 777 companies. Despite the shorter workday, the data suggests that overall productivity has increased by about 2%. Per ActivTrak, employees now engage in focused, 24-minute spurts of productivity.

"I hope to see these numbers remain consistent year-over-year when it comes to workday span and productivity," said Gabriela Mauch, the head of ActivTrak's Productivity Lab. "These are healthy numbers. We've adapted to a traditional workday on average, while offering flexibility and fluidity in a way that meets employees where they are." Seasonal fluctuations are another notable factor, the report found. Workers tend to put in longer hours during August and December. The August increase aligns with employees returning from vacation and starting to scramble to meet end-of-year goals, Mauch said. It may be that organizations also see the month of December as another chance to catch up, she added.

The US's largest pension fund has classified more than $3 billion of holdings in oil drillers, coal miners, and other major greenhouse gas producers as climate-friendly investments, according to a new analysis of public records. From a report: Stakes in Saudi Aramco, Chevron Corp. and Chinese coal company Inner Mongolia Dian Tou Energy are among the holdings that California Public Employees' Retirement System labeled as "climate solutions." The findings are part of a report from California Common Good, a coalition of environmental advocates and public sector unions. The group, which has called for Calpers to divest from major oil and gas companies, is staging protests Tuesday at Chevron's San Francisco Bay Area refinery and in the burn zone of the Eaton fire near Los Angeles.

SpaceX's Starlink has secured its first agreement in India, partnering with telecommunications leader Bharti Airtel to bring high-speed satellite internet to the world's most populous country, the companies announced Tuesday [PDF].

The landmark deal will enable Starlink to tap into Airtel's extensive retail network and ground infrastructure while expanding its global reach into previously underserved regions across India, pending regulatory authorizations.

"We are excited to work with Airtel and unlock the transformative impact Starlink can bring to the people of India," said Gwynne Shotwell, President and Chief Operating Officer of SpaceX. "The team at Airtel has played a pivotal role in India's telecom story, so working with them to complement our direct offering makes great sense for our business."

The collaboration will explore selling Starlink equipment through Airtel's retail stores and offering services to business customers while connecting communities in rural areas with limited connectivity.

Former Google CEO Eric Schmidt has taken control of rocket startup Relativity Space, replacing co-founder Tim Ellis as CEO and significantly funding the company's development of its medium-lift rocket, Terran R. The New York Times first reported (paywalled) the news. Ars Technica reports: Schmidt's involvement with Relativity has been quietly discussed among space industry insiders for a few months. Multiple sources told Ars that he has largely been bankrolling the company since the end of October, when the company's previous fundraising dried up. It is not immediately clear why Schmidt is taking a hands-on approach at Relativity. However, it is one of the few US-based companies with a credible path toward developing a medium-lift rocket that could potentially challenge the dominance of SpaceX and its Falcon 9 rocket. If the Terran R booster becomes commercially successful, it could play a big role in launching megaconstellations.

Schmidt's ascension also means that Tim Ellis, the company's co-founder, chief executive, and almost sole public persona for nearly a decade, is now out of a leadership position. "Today marks a powerful new chapter as Eric Schmidt becomes Relativity's CEO, while also providing substantial financial backing," Ellis wrote on the social media site X. "I know there's no one more tenacious or passionate to propel this dream forward. We have been working together to ensure a smooth transition, and I'll proudly continue to support the team as Co-founder and Board member." Relativity also on Monday released a video outlining the development of the Terran R rocket and the work required to reach the launch pad.

According to the video, the first "flight" version of the Terran R rocket will be built this year, with tentative plans to launch from a pad at Cape Canaveral, Florida, in 2026. "The company aims to soft land the first stage of the first launch in the Atlantic Ocean," adds Ars. "However, the 'Block 1' version of the rocket will not fly again."

"Full reuse of the first stage will be delayed to future upgrades. Eventually, the Relativity officials said, they intend to reach a flight rate of 50 to 100 rockets a year with the Terran R when the vehicle is fully developed."

The Register's Simon Sharwood reports: The body that runs New Zealand's public health system uses a single Excel spreadsheet as the primary source of data to consolidate and manage its finances, which aren't in great shape perhaps due to the sheet's shortcomings. The spreadsheet-using agency is Health New Zealand (HNZ) which was established in 2022 to replace 20 district health boards in the expectation it would be more cost-effective and deliver more consistent services. The org has a budget of $NZ28 billion ($16 billion) and advised lawmakers it would stay within it for FY 23.24.

That prediction was incorrect and HNZ blew its budget, leading to a review of its finances that last week delivered a damming report [PDF] that found the org lost "control of the critical levers that drive financial outcomes" and had an "inability to identify and respond to the disconnect between expenditure and revenue." The Deloitte-penned report also found an Excel spreadsheet was the "primary data file used by HNZ to manage its financial performance" and was used for "consolidation, journals, business-critical reporting, and analysis."

The report also noted five big problems with the sheet used at HNZ:
- Financial information was often 'hard-coded,' making it difficult to trace to the source or have updated data flow through.
- Errors such as incorrectly releasing accruals or double-up releases were not picked up until following periods.
- Changes to prior periods and FTE errors in district financial reporting Excel submissions, would not flow through to consolidated file.
- The spreadsheet can be easy to manipulate information as there is limited tracking to source information where information is not flowing directly from accounting systems.
- It is highly prone to human error, such as accidental typing of a number or omission of a zero.
Relying on the spreadsheet also meant Health NZ moved slowly: The report found "monthly financial reporting usually took 12-15 days to consolidate and five days to analyze."

Dustin Moskovitz, CEO and co-founder of Asana, is stepping down and will transition to the role of Chair once a new CEO is appointed. "As I reflect on my journey since co-founding Asana nearly 17 years ago, I'm filled with immense gratitude," Moskovitz said in a statement. "Creating and leading Asana has been more than just building a company -- it's been a profound privilege to work alongside some of the most talented minds in the industry." Asana's stock price was down more than 25% following the news. CNBC reports: Asana said fourth-quarter sales rose 10% year over year to $188.3 million, which was in line with analysts' estimates. The company said its adjusted earnings per share was breakeven, ahead of analysts' estimates of a loss of one cent per share. Asana said it expects fiscal first-quarter revenue of $184.5 million to $186.5 million, trailing analysts' expectations of $191 million.

Moskovitz owns about 53% of the company's outstanding shares, between his Class A and Class B holdings. He has substantially increased his ownership since the company's public market debut in 2020. [...] Moskovitz said in his Monday retirement statement that he plans to focus more on his philanthropic endeavors, such as Good Ventures and Open Philanthropy, which cites "potential risks from advanced AI" among its various focus areas. In 2010, Moskovitz signed the Giving Pledge, a promise by some of the wealthiest people in the world to donate most of their fortunes to charity.

Internet shutdowns in Africa hit a record high in 2024, with 21 shutdowns across 15 countries. The previous record was 19 shutdowns in 2020 and 21. The Guardian reports: Authorities in Comoros, Guinea-Bissau and Mauritius joined repeat offenders such as Burundi, Ethiopia, Equatorial Guinea and Kenya. Guinea, Nigeria, Senegal and Tanzania were also on the list. But perpetrators also included militias and other non-state actors. Telecommunication and internet service providers who shut services based on government orders are also complicit in violating people's rights, said Felicia Anthonio, the #KeepItOn campaign manager at Access Now, citing the UN guiding principles on business and human rights.

The details showed that most of the shutdowns were imposed as a response to conflicts, protests and political instability. There were also restrictions during elections. [...] At least five shutdowns in Africa had been imposed for more than a year by the end of 2024, according to Access Now. As of early 2025, the social network Meta was still restricted in Uganda, despite authorities engaging with its representatives. On the Equatorial Guinean island of Annobon, internet and cell services have been cut off since an August 2024 protest over environmental concerns and isolation from the rest of the country. The increase in shutdowns led the African Commission on Human and Peoples' Rights to pass a landmark resolution in March 2024 to help reverse the trend.

An anonymous reader quotes a report from Ars Technica: HP, along with other printer brands, is infamous for issuing firmware updates that brick already-purchased printers that have tried to use third-party ink. In a new form of frustration, HP is now being accused of issuing a firmware update that broke customers' laser printers -- even though the devices are loaded with HP-brand toner. The firmware update in question is version 20250209, which HP issued on March 4 for its LaserJet MFP M232-M237 models. Per HP, the update includes "security updates," a "regulatory requirement update," "general improvements and bug fixes," and fixes for IPP Everywhere. Looking back to older updates' fixes and changes, which the new update includes, doesn't reveal anything out of the ordinary. The older updates mention things like "fixed print quality to ensure borders are not cropped for certain document types," and "improved firmware update and cartridge rejection experiences." But there's no mention of changes to how the printers use or read toner.

However, users have been reporting sudden problems using HP-brand toner in their M232-M237 series printers since their devices updated to 20250209. Users on HP's support forum say they see Error Code 11 and the hardware's toner light flashing when trying to print. Some said they've cleaned the contacts and reinstalled their toner but still can't print. "Insanely frustrating because it's my small business printer and just stopped working out of nowhere[,] and I even replaced the tone[r,] which was a $60 expense," a forum user wrote on March 8. HP said in a statement: "We are aware of a firmware issue affecting a limited number of HP LaserJet 200 Series devices and our team is actively working on a solution. For assistance, affected customers can contact our support team at: https://support.hp.com." It's unclear how widespread the problems are.

Nearly one in four U.S. tech jobs posted in 2025 require AI skills, according to data from the University of Maryland's AI job tracker, as companies across sectors adapt to the technology.

Companies across healthcare, retail and utilities are increasingly seeking candidates who can integrate AI into existing roles rather than creating entirely new positions, with these skills commanding premium pay and greater job security.

The information sector leads with 36% of IT jobs in January seeking AI expertise, followed by finance and professional services firms. AI-related listings account for 1.3% of all job postings nationwide. New AI job postings surged 68% since ChatGPT's launch in late 2022 through end-2024, while tech postings overall fell 27% during the same period.

Nominated for 10 Oscars, The Brutalist (directed and produced by Brady Corbet) has an "intriguing and controversial technical feature," according to the Baffler, that threatens to turn movie-viewing into "a drab appreciation of machine-managed flawlessness, and acting less interesting..." In January, the film's editor Dávid Jancsó revealed that he and Corbet used tools from AI speech software company Respeecher to make the Hungarian-language dialogue spoken by Adrien Brody (who plays the protagonist, Hungarian émigré architect László Tóth) and Felicity Jones (who plays Tóth's wife Erzsébet) sound more Hungarian. In response to the ensuing backlash, Corbet clarified that the actors worked "for months" with a dialect coach to perfect their accents; AI was used "in Hungarian language dialogue editing only, specifically to refine certain vowels and letters for accuracy...." Defenders of this slimy deception claim the use of AI in film is no different than CGI or automated dialogue replacement, tools commonly deployed in the editing suite for picture and audio enhancement. But CGI and ADR don't tamper with the substance of a performance, which is what's at issue here....

AI seems poised to decimate the voice acting industry; how long will it be before filmmakers give up on the whole time-wasting business of dialect coaching and language research and toss their performers' untrained vocalizations directly into the linguistic Instant Pot...? "Adrien and Felicity's performances are completely their own," Corbet has argued. Only, they're not. Brody and Jones's performances may now be authentic to spoken Hungarian, but they're no longer authentic to themselves: at least in the parts of the film with Hungarian dialogue, the acting stands more as a monument to the prowess of the voice-matching software than that of the actors...

AI is a different beast from color film, or the Louma crane, or the hand-held camera: it's steroidal, aesthetically corrupting, and unlike these earlier advances it confronts the filmmaker with real ethical questions... Use implies complicity. To incorporate AI into the production of art today, no matter how sparingly or subtly, is to endorse Silicon Valley's politics and worldview: its exploitation of both producers and "users," its blithe indifference to the social impact of post-automation layoffs and the environmental assault of industrial data processing, its cramped and uninteresting idea of imagination, its petrification of creation. It's a vote for the assholes...
In short, the essays calls this "recourse to corrective AI" a "filmmaking prosthesis that cheats the viewer and cheapens the performances." And ironically this clashes with the film's depiction of a "principled artist," according to the article. ("Some of the 'retro' digital renderings in the memorial video included in this scene were also, Corbet has admitted, produced with the help of AI.")

The essay notes that several of 2024's other Oscar-nominated films also employed Respeecher, including Dune: Part Two and Emilia Pérez. "What matters here is not this particular infraction but the precedent it sets, the course it establishes for culture."

"McDonald's is giving its 43,000 restaurants a technology makeover," reports the Wall Street Journal, including AI-enabled drive-throughs and AI-powered tools for managers — as well as internet-connected kitchen equipment.

"Technology solutions will alleviate the stress...." says McDonald's CIO Brian Rice. McDonald's tapped Google Cloud in late 2023 to bring more computing power to each of its restaurants — giving them the ability to process and analyze data on-site... a faster, cheaper option than sending data to the cloud, especially in more far-flung locations with less reliable cloud connections, said Rice... Edge computing will enable applications like predicting when kitchen equipment — such as fryers and its notorious McFlurry ice cream machines — is likely to break down, Rice said. The burger chain said its suppliers have begun installing sensors on kitchen equipment that will feed data to the edge computing system and give franchisees a "real-time" view into how their restaurants are operating. AI can then analyze that data for early signs of a maintenance problem.

McDonald's is also exploring the use of computer vision, the form of AI behind facial recognition, in store-mounted cameras to determine whether orders are accurate before they're handed to customers, he said. "If we can proactively address those issues before they occur, that's going to mean smoother operations in the future," Rice added...

Additionally, the ability to tap edge computing will power voice AI at the drive-through, a capability McDonald's is also working with Google's cloud-computing arm to explore, Rice said. The company has been experimenting with voice-activated drive-throughs and robotic deep fryers since 2019, and ended its partnership with International Business Machines to test automated order-taking at the drive-through in 2024.

Edge computing will also help McDonald's restaurant managers oversee their in-store operations. The burger giant is looking to create a "generative AI virtual manager," Rice said, which handles administrative tasks such as shift scheduling on managers' behalf. Fast-food giant Yum Brands' Pizza Hut and Taco Bell have explored similar capabilities.

"PepsiCo is launching a new product, Simply Ruffles Hot & Spicy, which uses natural ingredients like tomato powder and red chile pepper instead of artificial dyes," reports Bloomberg. But it's part of a larger trend: In one of the final acts of President Joe Biden's administration, the U.S. Food and Drug Administration banned Red No. 3, effective in January 2027 for food, one of a handful of synthetic colors that have become something of a symbol of all that is wrong with the American food system and the ultraprocessed foods that dominate it. Putting Red No. 3 aside, the rest of the colors remain legal, and they're used in tens of thousands of supermarket and convenience-store products in the United States, according to NielsenIQ data. The recent campaign against them became one of the pillars of the "Make America Healthy Again" movement championed by Health and Human Services Secretary Robert F. Kennedy Jr. The criticism follows what health advocates have been saying for years: The synthetic colors add nothing to taste, nutritional value or shelf life but make unhealthy foods more visually appealing. Worst of all, there are concerns that the dyes may be carcinogenic or trigger hyperactivity in some kids.

[Ian Puddephat, vice president of research and development for food ingredients at PepsiCo] says PepsiCo is "on a mission to get them out of the portfolio as much as we can"... PepsiCo has a dozen brands, including Simply, that don't have the artificial dyes, and the company is working to pull them out of an additional eight brands in the next year.
Other companies are trying too, according to the article. Though Ironically, "the supply chain for colors like a radish's red or annatto's orange is not as robust as that for Red No. 40 or Yellow No. 6."

But there's also been some success stories: In 2016, Kraft Heinz Foods Co. announced that it'd made good on an earlier promise to get artificial dyes out of its recipe — and apparently, nobody noticed. "We just haven't told that story," says Carlos Abrams-Rivera, Kraft Heinz's CEO. (The lack of artificial dyes is more prominent on the boxes now...)
Thanks to long-time Slashdot schwit1 for haring the article.

Broadcom's VMware acquisition has significantly boosted revenue, largely driven by high-priced VMware Cloud Foundation bundles adopted by the majority of its top customers. The Register reports: Broadcom's acquisition of VMware appears to be a big success, on the balance sheet at least, after the company announced a big majority of its top 10,000 customers have decided to acquire its Cloud Foundation stack and posted strong growth. The chips-and-code company today announced its results for the quarter ended February 2nd, its first for FY 2025. Revenue of $14.92 billion represented 25 percent year-on-year growth. Net income of $5.5 billion was a 315 percent increase on the result from Q1 2024.

Broadcom no longer breaks out VMware revenue: sales of Virtzilla's wares are all now lumped into its infrastructure software business unit, which posted $6.7 billion revenue for Q1, up from $4.55 billion for the same quarter last year. Direct comparisons of those numbers are not wise as Broadcom owned VMware for four fifths of Q1 2024. Consider, instead, the $1.97 billion Q4 2023 and $7.6 billion FY 2023 software revenue that Broadcom recorded before it acquired VMware.

Know, also, that Broadcom's software sales grew by just three percent in FY 2023 and four percent in FY 2022. That slow growth means the jump from $1.97 billion software revenue in Q4 2023 to $6.7 billion in Q1 2025 is likely due to VMware, which in its last quarter as an independent company reported $3.4 billion revenue. It therefore looks a lot like Broadcom has added around $1 billion to quarterly VMware revenue in a little over a year.

The spectacular collapse of fintech middleman Synapse has left $200 million in customer money frozen and up to $95 million missing, with no clear answers about where the funds went. After Synapse, a financial technology company connecting other fintechs to banks, filed for bankruptcy in April 2024, customers of apps like Yotta, Juno, and Copper found themselves locked out of their savings.

Founded in 2014 by Sankaet Pathak, Synapse connected consumer-facing fintech platforms with banks holding customer deposits. The disaster unfolded after relationships with regional bank Evolve and unicorn client Mercury deteriorated, triggering a chain reaction through the financial infrastructure. Nearly a year later, Fortune reports that a Department of Justice criminal investigation is underway, while the bankruptcy's court-appointed trustee called the situation an "awful, awful" mess. The debacle, the outlet writes, exposes the risks lurking beneath popular financial apps operating in a regulatory frontier where customer funds travel across an invisible bridge of intermediaries.