Apple reported its strongest quarterly revenue growth since 2021, with iPhone sales jumping 13% and total revenue up 10%. CEO Tim Cook also announced increased AI investments and hinted at future acquisitions to accelerate Apple's AI roadmap. CNBC reports: "It was an exceptional quarter by any measure," Apple CEO Tim Cook told CNBC's Steve Kovach. Cook said that about 1% of the company's 10 percentage points of revenue growth could be attributed to customers buying more products to get ahead of potential tariffs. The company's most important business remains the iPhone, which saw 13% growth on an annual basis during the quarter to $44.58 billion in sales. Cook said that iPhone revenue was strong because the iPhone 16 is more popular compared to the iPhone 15 devices on sale last year at the same time. Cook said iPhone 16 sales were up "strong double digits" versus its predecessor. Cook specifically highlighted popularity among current iPhone users upgrading to a new one.

Apple's Mac business grew the fastest of any of Apple's units during the June quarter, growing nearly 15% to $8.05 billion in revenue. Apple released updated MacBook Air laptops, its best-selling Mac, just before the quarter started. The company's services business, which includes the company's warranties, content subscriptions, licensing deals with Google, and iCloud continued to grow to $27.42 billion in the period, a 13% increase. Cook highlighted growth in the company's iCloud subscriptions and said App Store revenue grew "double digits" during the quarter.

The two tougher spots in Apple's report were iPad sales and the company's other products division, which it sometimes calls its wearables. It consists of Apple Watch, AirPods, and other accessories. Revenue for iPad was down 8% to $6.58 billion, despite the company launching a low-cost iPad in March. Apple's wearables unit declined 8.64% to $7.4 billion during the quarter. Apple also saw success in China during the quarter, with sales rising 4% on an annual basis to $15.37 billion. Apple reports its sales from China, Hong Kong and Taiwan in the same unit. It's a reversal from the past two quarters, where Apple's China sales declined 2% in Apple's second fiscal quarter and 11% in the first quarter. Cook said a Chinese subsidy for some devices helped Apple in the region. "The subsidy does apply to some of our products, and it clearly helps," Cook said.

Microsoft's internal pay guidelines show exactly how much the company will pay new engineering hires, according to documents obtained by Business Insider. The guidelines, updated in May, break down salary ranges, stock awards, and bonuses for every level from entry-level engineers to the company's most senior technical talent.

The documents come with an important caveat: recruiters can get approval to pay more when competing for exceptional candidates. At Microsoft's highest tier, Level 70 "distinguished engineers" can earn up to $408,000 in annual salary. But the real money comes from stock: these hires get up to $1.9 million in stock when they join, plus annual stock awards reaching $1.476 million.

The company uses different pay scales depending on location. Engineers in expensive markets like San Francisco get higher ranges than those at Microsoft's Redmond headquarters, where most hiring happens. For entry-level engineers at Level 57, Microsoft offers salaries between $83,000 and $108,000 in its main markets, with higher ranges of $95,800 to $124,600 in expensive areas like San Francisco. These new hires get modest stock awards of $5,000 to $13,000 and signing bonuses up to $9,000.

The company considers levels 57 through 59 as entry-level positions. The compensation jumps significantly as engineers advance. By Level 63, when engineers reach senior status, salaries range from $145,000 to $237,600 depending on location, with stock awards reaching $220,000.

Microsoft has reached a $4 trillion market cap, becoming only the second company to achieve this milestone. Investors drove the stock up 4.62% following the company's fourth-quarter earnings report, which showed strong growth in cloud-computing services fueled by artificial intelligence demand. Microsoft's Azure cloud business generated $75 billion in annual revenue, representing a 34% increase from the previous fiscal year.

Nvidia became the first company to reach the $4 trillion market cap earlier this month.

Brian Krebs writes via KrebsOnSecurity: Fraudsters are flooding Discord and other social media platforms with ads for hundreds of polished online gaming and wagering websites that lure people with free credits and eventually abscond with any cryptocurrency funds deposited by players. Here's a closer look at the social engineering tactics and remarkable traits of this sprawling network of more than 1,200 scam sites. The scam begins with deceptive ads posted on social media that claim the wagering sites are working in partnership with popular social media personalities, such as Mr. Beast, who recently launched a gaming business called Beast Games. The ads invariably state that by using a supplied "promo code," interested players can claim a $2,500 credit on the advertised gaming website.

The gaming sites all require users to create a free account to claim their $2,500 credit, which they can use to play any number of extremely polished video games that ask users to bet on each action. At the scam website gamblerbeast[.]com, for example, visitors can pick from dozens of games like B-Ball Blitz, in which you play a basketball pro who is taking shots from the free throw line against a single opponent, and you bet on your ability to sink each shot. The financial part of this scam begins when users try to cash out any "winnings." At that point, the gaming site will reject the request and prompt the user to make a "verification deposit" of cryptocurrency -- typically around $100 -- before any money can be distributed. Those who deposit cryptocurrency funds are soon asked for additional payments. However, any "winnings" displayed by these gaming sites are a complete fantasy, and players who deposit cryptocurrency funds will never see that money again. Compounding the problem, victims likely will soon be peppered with come-ons from "recovery experts" who peddle dubious claims on social media networks about being able to retrieve funds lost to such scams. [...]

[T]hreat hunting platform Silent Push reveals at least 1,270 recently-registered and active domains whose names all invoke some type of gaming or wagering theme. Here is a list of all domains that Silent Push found were using the scambling network's chat API.

An anonymous reader quotes a report from Variety: Edward Saatchi isn't totally sure people will flock to Showrunner, the new AI-generated TV show service his company is launching publicly this week. But he has a vote of confidence from Amazon, which has invested in Fable, Saatchi's San Francisco-based start-up. The amount of Amazon's funding in Fable isn't being disclosed. The money is going toward building out Showrunner, which Fable has hyped as the "Netflix of AI": a service that lets you type in a few words to create scenes -- or entire episodes -- of a TV show, either from scratch or based on an existing story-world someone else has created.

Fable is launching Showrunner to let users tinker with the animation-focused generative-AI system, following several months in a closed alpha test with 10,000 users. Initially, Showrunner will be free to use but eventually the company plans to charge creators $10-$20 per month for credits allowing them to create hundreds of TV scenes, Saatchi said. Viewing Showrunner-generated content will be free, and anyone can share the AI video on YouTube or other third-party platforms. [...] Fable's Showrunner public launch features two original "shows" -- story worlds with characters users can steer into various narrative arcs. The first is "Exit Valley," described as "a 'Family Guy'-style TV comedy set in 'Sim Francisco' satirizing the AI tech leaders Sam Altman, Elon Musk, et al." The other is "Everything Is Fine," in which a husband and wife, going to Ikea, have a huge fight -- whereupon they're transported to a world where they're separated and have to find each other. [...]

Showrunner is powered by Fable's proprietary AI model, SHOW-2. Last year, the company published a research paper on how it built the SHOW-1 model. As part of that, it released nine AI-generated episodes based on "South Park." The episodes, made without the permission of the "South Park" creators, received more than 80 million views. (Saatchi said he was in touch with the "South Park" team, who were reassured the IP wasn't being deployed commercially.) [...] Out of the gate, Showrunner is focused on animated content because it requires much less processing power than realistic-looking live-action video scenes. Saatchi said Fable wants to stay out of the "knife fight" among big AI companies like OpenAI, Google and Meta that are racing to create photorealistic content. "If you're competing with Google, are you going to win?" Saatchi said. "Our goal is to have the most creative models," he said.

Earlier this month, Hewlett-Packard Enterprise settled its antitrust case with the U.S. Justice Department, "paving the way for its acquisition of rival kit maker Juniper Networks" for $14 billion. According to Axios, the deal was heavily influenced by national security concerns and a desire to bolster American competition against China's Huawei. The outlet reports that the U.S. intelligence community "intervened to persuade the Justice Department that allowing the merger to proceed was essential to helping U.S. business compete with China's Huawei Technologies, among other national-security issues." From the report: "In light of significant national security concerns, a settlement ... serves the interests of the United States by strengthening domestic capabilities and is critical to countering Huawei and China." The official said blocking the deal would have "hindered American companies and empowered" Chinese competitors. A Justice Department spokesman added that DOJ "works very closely with our partners in the IC [intelligence community] and always considers their views when deciding how best to proceed with a case."

The merger was back in the news this week with reports that two senior enforcers in the DOJ's antitrust division were fired Monday amid infighting over the department's settlement greenlighting HPE's $14 billion acquisition of Juniper. Attorney General Pam Bondi had conversations with top intelligence officials that convinced her there was a strong national interest in not driving allies to Chinese technology, a senior administration official tells us.

An anonymous reader quotes a report from Ars Technica: In a rare move, Google has confirmed it will sign the European Union's AI Code of Practice, a framework it initially opposed for being too harsh. However, Google isn't totally on board with Europe's efforts to rein in the AI explosion. The company's head of global affairs, Kent Walker, noted that the code could stifle innovation if it's not applied carefully, and that's something Google hopes to prevent. While Google was initially opposed to the Code of Practice, Walker says the input it has provided to the European Commission has been well-received, and the result is a legal framework it believes can provide Europe with access to "secure, first-rate AI tools." The company claims that the expansion of such tools on the continent could boost the economy by 8 percent (about 1.8 trillion euros) annually by 2034.

These supposed economic gains are being dangled like bait to entice business interests in the EU to align with Google on the Code of Practice. While the company is signing the agreement, it appears interested in influencing the way it is implemented. Walker says Google remains concerned that tightening copyright guidelines and forced disclosure of possible trade secrets could slow innovation. Having a seat at the table could make it easier to bend the needle of regulation than if it followed some of its competitors in eschewing voluntary compliance. [...] The AI Code of Practice aims to provide AI firms with a bit more certainty in the face of a shifting landscape. It was developed with the input of more than 1,000 citizen groups, academics, and industry experts. The EU Commission says companies that adopt the voluntary code will enjoy a lower bureaucratic burden, easing compliance with the block's AI Act, which came into force last year.

Under the terms of the code, Google will have to publish summaries of its model training data and disclose additional model features to regulators. The code also includes guidance on how firms should manage safety and security in compliance with the AI Act. Likewise, it includes paths to align a company's model development with EU copyright law as it pertains to AI, a sore spot for Google and others. Companies like Meta that don't sign the code will not escape regulation. All AI companies operating in Europe will have to abide by the AI Act, which includes the most detailed regulatory framework for generative AI systems in the world. The law bans high-risk uses of AI like intentional deception or manipulation of users, social scoring systems, and real-time biometric scanning in public spaces. Companies that violate the rules in the AI Act could be hit with fines as high as 35 million euros ($40.1 million) or up to 7 percent of the offender's global revenue.

JPMorgan's proposed fees for customer data access would cost fintech startups between 60 and 100% of their annual revenue "just from one bank," according to a trade group representing the affected firms. Steve Boms, executive director of the Financial Data and Technology Association, said the charges would apply across all 30 companies in his group that received pricing notices from the nation's largest bank. The trade association, whose members include Plaid, Fiserv and Intuit, called JPMorgan's move a "pure and simple" attempt to kill competition that would "put third parties out of business altogether."

The fees could take effect in September, ending more than a decade of free data access that fintech companies have used to build their business models. JPMorgan can now charge for data access after the Trump administration changed Consumer Financial Protection Bureau rules that previously prohibited such fees. The Financial Technology Association has taken the dispute to federal courts seeking to restore the Biden-era protections, while crypto trade groups have written directly to President Trump warning the fees would hurt digital currency companies.

Manager engagement has plummeted to its lowest level since tracking began, with only 27% of managers globally reporting they feel involved and enthusiastic about their work, according to Gallup's annual State of the Global Workplace report. The 3-percentage-point decline from 2023 marks an unprecedented drop in manager satisfaction.

Overall employee engagement fell to 21% in 2024 from 23% the previous year, representing only the second decline in 15 years of data collection. The last drop occurred during 2020 COVID lockdowns. Female managers experienced the steepest decline at 7 percentage points, while younger managers fell 5 points. Managers now oversee nearly three times as many employees as in 2017, yet only 44% have received managerial training.

An anonymous reader shares an analysis: In most major aviation markets, including the U.S. and Europe, competition is an oligopolistic affair, with several large airlines competing for market share. India's domestic sector, however, is increasingly characterized by the ascent of a single airline.

Low-cost carrier IndiGo has achieved an extraordinary concentration of the market, capturing approximately 64.4% of all passenger traffic as of May. More strikingly, the airline operates with a near-monopoly on 66% of its domestic routes, facing little to no direct competition in a significant portion of its network.

This position is the culmination of a decade-long expansion that saw the exit of rivals like Jet Airways and GoAir. Today, its remaining competitors continue to struggle; SpiceJet's domestic market share has fallen to just 2% while it operates a reduced fleet of only 19 aircraft. Air India, despite its acquisition by the Tata Group in 2022, has been slow in its restructuring and continues to cede domestic ground, with the flag carrier remaining unprofitable.

Longtime Slashdot reader schwit1 shares a report from Business Insider: Apple's new spam text filtering feature could end up being a multimillion-dollar headache for political campaigns. iOS 26 includes a new feature that allows users to filter text messages from unrecognized numbers into an "Unknown Senders" folder without sending a notification. Users can then go to that filter and hit "Mark as Known" or delete the message.

In a memo seen by BI and first reported by Punchbowl News, the official campaign committee in charge of electing GOP senators warned that the new feature could lead to a steep drop in revenue. "That change has profound implications for our ability to fundraise, mobilize voters, and run digital campaigns," reads a July 24 memo from the National Republican Senatorial Committee, or NRSC. The memo estimated that the new feature could cost the group $25 million in lost revenue and lead to a $500 million loss for GOP campaigns as a whole, based on the estimate that 70% of small-dollar donations come from text messages and that iPhones make up 60% of mobile devices in the US. Apple's 'rules' for this new spam text filtering feature "aren't unclear at all," notes Daring Fireball's John Gruber. "If a sender is not in your saved contacts and you've never sent or responded to a text message from them, they're considered 'unknown.' That's it."

"The feature isn't even really new -- you've been able to filter messages like this in Messages for years now, but what iOS 26 changes is that it now has a new more prominent -- better, IMO -- interface for switching between filter views." It's also worth noting that there's no filtering by message content, so all political parties will be affected by this feature. "[T]here's no reason to believe that Republican candidates and groups will be more affected by this than Democratic ones," writes Gruber.

Utilities across the U.S. are demanding tech companies pay larger shares of electricity infrastructure costs as AI drives unprecedented data center construction, creating tensions over who bears the financial burden of grid upgrades.

Virginia utility Dominion Energy received requests from data center developers requiring 40 gigawatts of electricity by the end of 2024, enough to power at least 10 million homes, and proposed measures requiring longer-term contracts and guaranteed payments. Ohio became one of the first states to mandate companies pay more connection costs after receiving power requests exceeding 50 times existing data center usage.

Tech giants Microsoft, Google, and Amazon plan to spend $80 billion, $85 billion, and $100 billion respectively this year on AI infrastructure, while utilities worry that grid upgrade costs will increase rates for residential customers.

Further reading: The AI explosion means millions are paying more for electricity

An anonymous reader quotes a report from SFGATE: During the 2010s' boom in on-demand services such as Uber and DoorDash, Wag staked a claim to the market for dog walking. It became a buzzy, high-flying company, at one point gaining a valuation of around $650 million, and grew to offer a whole range of tech products for pet care. But as the years passed, struggles mounted and profits remained elusive. On July 21, Wag filed (PDF) for bankruptcy. To stay alive, the San Francisco-headquartered company is now using bankruptcy court to restructure in what's known as a Chapter 11 process. Its lines of business -- including gig-work dog walking and sitting, pet insurance, and the veterinary tool "Furscription" -- will remain open, according to a news release. If a judge approves Wag's restructuring plan, it will take the company off the public markets and into the private hands of a company called Retriever.

On the same day of the bankruptcy filing, Wag's chief financial officer, Alec Davidian, submitted a document (PDF) supporting and explaining the move. He wrote that Wag's "monthly revenues declined rapidly after March 2020 as a result of the COVID-19 pandemic" and pointed to $69.5 million in losses from 2022 through 2024. The losses weren't Wag's only problem. The company had taken out debt in 2022 when it went public, and in that loan agreement, it had set a minimum level of cash Wag would need to have on hand at all times. This year, Wag dropped below that amount, Davidian wrote. Wag also failed to find a third-party deal to get more money, the CFO noted, and its debt obligations are set to mature in August, meaning the company was "facing a dire liquidity crisis." So, Wag opted for the bankruptcy proceeding, in which it plans to eliminate the 2022 debt, which is currently held by Retriever. "Through the Restructuring," Davidian wrote, "[Wag] will emerge from these Chapter 11 Cases a stronger company, with a more sustainable capital structure that is better aligned with [Wag's] present and future operating prospects."

PayPal has launched "Pay with Crypto" for U.S. merchants, enabling acceptance of over 100 cryptocurrencies with lower cross-border transaction fees and instant conversion to USD or its stablecoin PYUSD. "Businesses of all sizes face incredible pressure when growing globally, from increased costs for accepting international payments to complex integrations," said Alex Chriss, president and chief executive of PayPal. "Today, we're removing these barriers and helping every business of every size achieve their goals. [...] By enabling seamless cross-border crypto payments, we're breaking longstanding barriers in global commerce." SiliconANGLE reports: Using the new Pay with Crypto, merchants can now accept payments in the form of numerous cryptocurrency tokens, including bitcoin, Ethereum, USD Tether and Solana. The transaction fee rate will be 0.99% for the first year, increasing to 1.5% thereafter. The company said that rate is significantly lower than international credit card fees. "Imagine a shopper in Guatemala buying a special gift from a merchant in Oklahoma City," added Chriss. "Using PayPal's open platform, the business can accept crypto for payments, increase their profit margins, pay lower transaction fees, and get near instant access to proceeds."

Merchants who accept cryptocurrency tokens can instantly convert them to dollars or PYUSD, the company's stablecoin, which is a type of cryptocurrency that maintains parity with USD so that every token is always worth $1. Funds stored as PYUSD on PayPal also earn 4% annual rewards. The company said the new service will roll out for U.S. merchants in the coming weeks. [...] Pay with Crypto will initially support cryptocurrency wallets from Coinbase, OKX, Binance, Kraken, Phantom, MetaMask and Exodus, with more planned.

Anker has indefinitely paused sales of its 3D printers, with no clear plans to resume or release new models. Despite promises of ongoing support, critical replacement parts like hotends and extruders have quietly vanished from the EufyMake site, leaving customers and the maker community in the lurch. The Verge reports: In March, charging giant Anker announced it would spin out its 3D printer business into an "independent sub-brand," stating that the new EufyMake would "continue to provide comprehensive customer service and support" for its original 3D printers the AnkerMake M5 and M5C. Now, the 3D printing community is wondering whether that was all a euphemism for exiting the 3D printer business. eufyMake is no longer selling any 3D printers and has stopped selling some of the parts it would need to provide anything close to "comprehensive support."

Anker confirms to The Verge that it has stopped selling the M5 and M5C 3D printers indefinitely. Spokesperson Brett White could not confirm that the company will resume selling them or create any future models. He says that "sales have been paused." "My understanding is that eufyMake has not ruled out creating new 3D printer models in the future. But the brand has ended sales of the M5 and M5C for the time being," White tells The Verge. The 3D printing section of EufyMake's website is currently empty of printers. The only gadget EufyMake now sells is a UV printer that creates a 3D texture atop flat materials.

An anonymous reader quotes a report from CNBC: Samsung Electronics has entered into a $16.5 billion contract for supplying semiconductors to Tesla, based on a regulatory filing by the South Korean firm and Tesla CEO Elon Musk's posts on X. The memory chipmaker, which had not named the counterparty, mentioned in its filing that the effective start date of the contract was July 26, 2025 -- receipt of orders -- and its end date was Dec. 31, 2033. However, Musk later confirmed in a reply to a post on social media platform X that Tesla was the counterparty.

He also posted: "Samsung's giant new Texas fab will be dedicated to making Tesla's next-generation AI6 chip. The strategic importance of this is hard to overstate. Samsung currently makes AI4.TSMC will make AI5, which just finished design, initially in Taiwan and then Arizona. Samsung agreed to allow Tesla to assist in maximizing manufacturing efficiency. This is a critical point, as I will walk the line personally to accelerate the pace of progress," Musk said on X, and suggested that the deal with Samsung could likely be even larger than the announced $16.5 billion.

Samsung earlier said that details of the deal, including the name of the counterparty, will not be disclosed until the end of 2033, citing a request from the second party "to protect trade secrets," according to a Google translation of the filing in Korean on Monday. "Since the main contents of the contract have not been disclosed due to the need to maintain business confidentiality, investors are advised to invest carefully considering the possibility of changes or termination of the contract," the company said.

Norway's $2 trillion sovereign wealth fund, equivalent to $340,000 per citizen, may be undermining the country's economic health, according to a contentious new book. Martin Bech Holte's "The Country That Became Too Rich" argues that oil revenue has made Norway bloated and unproductive, with data supporting several concerns.

Norway has recorded the slowest productivity growth among wealthy nations over the past two decades while Norwegians take 27.5 sick days annually, the highest rate in the OECD. Student test scores have declined since 2015 and now rank below the OECD average despite Norway spending $20,000 per student compared to the $14,000 OECD average. Fund withdrawals now cover 20% of the annual budget, up from less than 10% two decades ago.

The "Chief People Officer" of dataops company Astronomer resigned this week from her position after apparently being caught on that "Kiss Cam" at a Coldplay concert with the company's CEO, reports the BBC. That CEO has also resigned, with Astronomer appointing their original co-founder and chief product officer as the new interim CEO.

UPDATE (7/26): In an unexpected twist, Astronomer put out a new video Friday night starring... Gwyneth Paltrow.

Actress/businesswoman Paltrow "was married to Coldplay's frontman Chris Martin for 13 years," reports CBS News. In the video posted Friday, Paltrow says she was hired by Astronomer as a "very temporary" spokesperson.

"Astronomer has gotten a lot of questions over the last few days," Paltrow begins, "and they wanted me to answer the most common ones..."

As the question "OMG! What the actual f" begins appearing on the screen, Paltrow responds "Yes, Astronomer is the best place to run Apache Airflow, unifying the experience of running data, ML, and AI pipelines at scale. We've been thrilled so many people have a newfound interest in data workflow automation." (Paltrow also mentions the company's upcoming Beyond Analytics dataops conference in September.)

Astronomer is still grappling with unintended fame after the "Kiss Cam" incident. ("Either they're having an affair or they're just very shy," Coldplay's lead singer had said during the viral video, in which the startled couple hurries to hide off-camera). The incident raised privacy concerns, as it turns out both people in the video were in fact married to someone else, though the singer did earlier warn the crowd "we're going to use our cameras and put some of you on the big screen," according to CNN. The New York Post notes the woman's now-deleted LinkedIn account showed that she has also served as an "advisory board member" at her husband's company since September of 2020. The Post cites a source close to the situation who says the woman's husband "was in Asia for a few weeks," returning to America right as the video went viral. Kristin and Andrew Cabot married sometime after her previous divorce was finalized in 2022. The source said there had been little indication of any trouble in paradise before the Coldplay concert video went viral. "The family is now saying they have been having marriage troubles for several months and were discussing separating..."
The video had racked up 127 million videos by yesterday, notes Newsweek, adding that the U.K. tabloid the Daily Mail apparently took photos outside the woman's house, reporting that she does not appear to be wearing a wedding ring.

A recent Echelon firmware update has effectively bricked offline functionality for its smart gym equipment, cutting off compatibility with popular third-party apps like QZ and forcing users to connect to Echelon's servers -- even just to view workout stats. Ars Technica reports: As explained in a Tuesday blog post by Roberto Viola, who develops the "QZ (qdomyos-zwift)" app that connects Echelon machines to third-party fitness platforms, like Peloton, Strava, and Apple HealthKit, the firmware update forces Echelon machines to connect to Echelon's servers in order to work properly. A user online reported that as a result of updating his machine, it is no longer syncing with apps like QZ, and he is unable to view his machine's exercise metrics in the Echelon app without an Internet connection. Affected Echelon machines reportedly only have full functionality, including the ability to share real-time metrics, if a user has the Echelon app active and if the machine is able to reach Echelon's servers.

Viola wrote: "On startup, the device must log in to Echelon's servers. The server sends back a temporary, rotating unlock key. Without this handshake, the device is completely bricked -- no manual workout, no Bluetooth pairing, no nothing." Because updated Echelon machines now require a connection to Echelon servers for some basic functionality, users are unable to use their equipment and understand, for example, how fast they're going without an Internet connection. If Echelon were to ever go out of business, the gym equipment would, essentially, get bricked. Viola told Ars Technica that he first started hearing about problems with QZ, which launched in 2020, at the end of 2024 from treadmill owners. He said a firmware update appears to have rolled out this month on Echelon bikes that bricks QZ functionality. In his blog, Viola urged Echelon to let its machines send encrypted data to another device, like a phone or a tablet, without the Internet. He wrote: "Users bought the bike; they should be allowed to use it with or without Echelon's services."

Job postings for entry-level roles requiring degrees have dropped nearly two-thirds in the UK and 43% in the US since ChatGPT launched in 2022, according to Financial Times analysis of Adzuna data. The decline spans sectors with varying AI exposure -- UK graduate openings fell 75% in banking, 65% in software development, but also 77% in human resources and 55% in civil engineering.

Indeed research found only weak correlation between occupations mentioning AI most frequently and those with the steepest job posting declines. US Bureau of Labor Statistics data showed no clear relationship between an occupation's AI exposure and young worker losses between 2022-2024. Economists say economic uncertainty, post-COVID workforce corrections, increased offshoring, and reduced venture capital funding are likely primary drivers of the graduate hiring slowdown.