Christian Selig, developer of the popular third-party Reddit app Apollo, is joining the rebooted Digg as an advisor alongside Digg founder Kevin Rose and Reddit co-founder Alexis Ohanian. TechCrunch reports: Earlier this year, Digg's original founder Kevin Rose and Reddit co-founder Alexis Ohanian acquired what was left of Digg in an attempt to revitalize what was formerly known as "the internet's homepage." Rose and Ohanian were already a fascinating pairing -- the two had previously seen each other as rivals, since Digg and Reddit were fierce competitors. By adding Selig to the mix, Rose and Ohanian are further signaling that the new Digg wants to shake things up.

Selig played a prominent role in the backlash against Reddit's increased API pricing in 2023, which made free apps like Apollo -- which offered an enhanced browsing experience for Reddit users -- impossible to run. In a Reddit post that went viral, Selig told users that in order to keep Apollo running as-is under the new API pricing, he would need to pay about $1.7 million per month. Needless to say, Apollo shut down, much to the Reddit community's disappointment. "We're excited to have Selig bring that same craft and community-first thinking to Digg, helping us build something that feels good to use and even better to be a part of," said Digg CEO Justin Mezzell in a statement.

The U.S. trade deficit persists due to fundamental macroeconomic imbalances rather than just export shortfalls, according to Federal Reserve Bank of New York economist Thomas Klitgaard. His analysis shows the deficit reflects a persistent gap between domestic saving and investment spending, with the U.S. borrowing from foreign sources to fund domestic investment when savings fall short.

This macroeconomic reality means targeting specific trade categories won't resolve the overall imbalance -- even when the petroleum deficit disappeared by 2019 due to increased domestic production, the total trade deficit grew to $441 billion, consistent with a widening saving gap.

Bureau of Economic Analysis data reveals household saving has remained below pre-pandemic levels as consumers spend down accumulated savings from 2020-21, while business saving has remained relatively stable. Reducing the deficit would require significant macroeconomic adjustments, including higher domestic saving or reduced investment spending, which studies indicate would likely cause economic pain as demonstrated during the 2008 recession.

Sam Altman, OpenAI's chief executive, said Wednesday his firm was paying $6.5 billion to buy io, a one-year-old start-up created by Jony Ive, a former top Apple executive who designed the iPhone. From a report: The deal, which effectively unites Silicon Valley royalty, is intended to usher in what the two men call "a new family of products" for the age of artificial general intelligence, or A.G.I., which is shorthand for a future technology that achieves human-level intelligence.

The deal, which is OpenAI's biggest acquisition, will bring in Mr. Ive and his team of roughly 55 engineers, designers and researchers. They will assume creative and design responsibilities across OpenAI and build hardware that helps people better interact with the technology. In a joint interview, Mr. Ive and Mr. Altman declined to say what such devices could look like and how they might work, but they said they hoped to share details next year. Mr. Ive, 58, framed the ambitions as galactic, with the aim of creating "amazing products that elevate humanity."

An anonymous reader shares a report: Meta is expanding the ranks of its lowest-rated employees in mid-year performance reviews, a move that could lead to more performance-based cuts. Meta is telling managers to put more employees in "Below Expectations", the lowest performance bucket during this year's mid-year performance reviews, according to a memo shared on Meta's internal forum on May 14, which was viewed by Business Insider. For teams of 150 or more, Meta wants managers to put 15-20% of employees in the bottom bucket compared to 12-15% last year.

The expanded range includes employees who have already left the company as part of "non-regrettable attrition", Meta's term for staff considered non-critical to operations, including those who resigned or were dismissed for underperformance. The mid-year performance review process is "an opportunity to make exit decisions", according to the memo. It added that "there will be no company-wide performance terminations, unlike earlier this year," and leaders are expected to manage the performance of their reports.

Amazon customers are suddenly getting refunds for products they purchased and returned as far back as 2018, along with apologies from the online retailer after it discovered "unresolved" issues. From a report: The precise scope of the refunds issued isn't clear but executives hinted it may be hundreds of millions of dollars. Chief Financial Officer Brian Olsavsky, speaking on a conference call after the company released earnings May 1, said Amazon took a one-time charge of approximately $1.1 billion in the first quarter related in part to "some historical customer returns" that were unresolved. The charge was also attributable to the cost of stockpiling inventory in anticipation of tariffs.

Microsoft has officially cited Apple's App Store policies as the roadblock preventing its Xbox mobile store launch promised for July 2024. In an amicus brief supporting Epic Games filed this week, Microsoft alleged that Apple's "anti-steering policies" have "stymied" its mobile store ambitions despite a court injunction allowing developers to advertise alternative payment methods.

The brief challenges Apple's attempt to overturn this crucial ruling, which enabled Fortnite's App Store return with external payment links. Microsoft argues that launching its store under threat of Apple potentially winning a temporary stay creates significant business risk. The restrictions also impact Microsoft's Xbox mobile app functionality.

An anonymous reader quotes a report from Reuters: Honda said on Tuesday that it was scaling back its investment in electric vehicles given slowing demand and would be focusing on hybrids, now far more in favor, with a slew of revamped models. Japan's second-biggest automaker after Toyota also dropped a target for EV sales to account for 30% of its sales by the 2030 financial year. "It's really hard to read the market, but at the moment we see EVs accounting for about a fifth by then," CEO Toshihiro Mibe told a press conference.

Honda has slashed its planned investment in electrification and software by that year by 30% to 7 trillion yen ($48.4 billion). It's one of a number of global car brands dialing back EV investment due to the shift in demand in favor of hybrids and as governments around the world ease timelines to meet emission rules and EV sales targets. Honda plans to launch 13 next-generation hybrid models globally in the four years from 2027. At the moment it sells more than a dozen hybrid models worldwide, though just three in the U.S. -- the Civic, which comes in hatchback and sedan versions, the Accord and the CR-V. It will also develop a hybrid system for large-size models that it plans to launch in the second half of the decade.

The automaker is aiming to sell 2.2 million to 2.3 million hybrid vehicles by 2030, a huge jump from 868,000 sold last year. That also compares with a total of 3.8 million vehicles sold overall last year. Earlier this month, Honda announced it had put on hold for about two years a $10.7 billion plan to build an EV production base in Ontario, Canada, due to slowing demand for electric cars. Honda said, however, that it still plans to have battery-powered and fuel-cell vehicles make up all of its new car sales by 2040.

Spain has ordered Airbnb to remove over 65,000 listings that violate rental regulations, citing missing license numbers and unclear ownership details. The crackdown is part of a broader government effort to address the country's housing crisis, which many blame on unregulated short-term rentals reducing long-term housing supply. Reuters reports: Most of the Airbnb listings to be blocked do not include their licence number, while others do not specify whether the owner was an individual or a corporation, the Consumer Rights Ministry said in a statement on Monday. Consumer Rights Minister Pablo Bustinduy said his goal was to end the general "lack of control" and "illegality" in the holiday rental business. "No more excuses. Enough with protecting those who make a business out of the right to housing in our country," he told reporters.

Bustinduy said Madrid's high court is backing the request to withdraw as many as 5,800 listings. Airbnb will appeal the decision, a spokesperson said on Monday. The company believes the ministry does not have the authority to make rulings over short-term rentals and failed to provide an evidence-based list of non-compliant accommodation. Some of the incriminated listings are non-touristic seasonal ones, the spokesperson said.

Delta can pursue much of its lawsuit seeking to hold cybersecurity company CrowdStrike liable for a massive computer outage last July that caused the carrier to cancel 7,000 flights, a Georgia state judge ruled. From a report: In a decision on Friday, Judge Kelly Lee Ellerbe of the Fulton County Superior Court said Delta can try to prove CrowdStrike was grossly negligent in pushing a defective update of its Falcon software to customers, crashing more than 8 million Microsoft Windows-based computers worldwide.

Adobe will rebrand its Creative Cloud All Apps subscription to "Creative Cloud Pro" on June 17 for North American users, making significant price increases while bundling AI features. Individual annual subscribers will see monthly rates jump from $59.99 to $69.99, while monthly non-contracted subscribers face a $15 hike to $104.99.

The revamped plan includes unlimited generative AI image credits, 4,000 monthly "premium" AI video and audio credits, access to third-party models like OpenAI's GPT, and the beta Firefly Boards collaborative whiteboard. Adobe will also offer a cheaper "Creative Cloud Standard" option at $54.99 monthly with severely reduced AI capabilities, but this plan remains exclusive to existing subscribers -- forcing new customers into the pricier AI-focused tier.

French authorities have denied Telegram founder Pavel Durov's request to travel to the U.S. for "negotiations with investment funds." From a report: The Paris prosecutor's office told POLITICO that it rendered its decision on May 12 "on the grounds that such a trip abroad did not appear imperative or justified."

Durov was arrested in August 2024 at a French airport and has been under strict legal control since last September, when he was indicted on six charges related to illicit activity on the messaging app he operates. He is forbidden to leave France without authorization -- which he obtained to travel to Dubai from March 15 to April 7, the prosecutor's office said. Russian-born Durov is a citizen, among other countries, of France and the United Arab Emirates.

An anonymous reader shares a report: Intel has considered divesting its network and edge businesses as the chipmaker looks to shave off parts of the company its new chief executive does not see as crucial, three sources familiar with the matter said.

Talks about the potential sale of the group, once called NEX in Intel's financial results, are a part of CEO Lip-Bu Tan's strategy to focus its tens of thousands of employees on areas in which it has historically thrived: PC and data center chips.

The US tech sector shed 214,000 jobs in April amid continuing economic uncertainty, according to CompTIA analysis of Bureau of Labor Statistics data. Companies are extending hiring timelines to two or three times longer than last year while significantly raising skill requirements, particularly for AI competencies.

"It's the great hesitation," said George Denlinger of Robert Half, noting employers now demand 10-12 skills instead of 6-7 previously. Entry-level programming positions are disappearing as AI assumes those functions, with Janco Associates CEO Victor Janulaitis observing that "a job that has been eliminated from almost all IT departments is an entry-level IT programmer."

Klarna's net loss more than doubled in the first quarter [non-paywalled link] as more consumers failed to repay loans from the Swedish "buy now, pay later" lender as concerns rose about the financial health of US consumers. Financial Times: The fintech, which offers interest-free consumer loans to allow customers to make retail purchases, on Monday reported a net loss of $99 million for the three months to March, up from $47 million a year earlier.

The company, which makes money by charging fees to merchants and to consumers who fail to repay on time, said its customer credit losses had risen to $136 million, a 17% year-on-year increase. The increased failure to repay comes on the back of gloomy economic sentiment in the US, where a closely watched measure of consumers' confidence last week fell to its second-lowest level on record. US President Donald Trump's trade war has driven expectations of higher inflation. Further reading: The Klarna Hype Machine.

SAG-AFTRA has filed a labor complaint against Fortnite developer Epic Games, alleging the game improperly used AI to replicate James Earl Jones' Darth Vader voice without bargaining with the union, despite the estate's approval. Gizmodo reports: The union has now filed an unfair labor practice charge (link to the PDF is on the SAG-AFTRA website) that calls out "Fortnite's signatory company, Llama Productions" for "[replacing] the work of human performers with AI technology" without "providing any notice of their intent to do this and without bargaining with us over appropriate terms."

The union notes that it's not against the general idea here: "We celebrate the right of our members and their estates to control the use of their digital replicas and welcome the use of new technologies to allow new generations to share in the enjoyment of those legacies and renowned roles." The problem is that the AI being used here makes human voice actors obsolete, and "we must protect our right to bargain terms and conditions around uses of voice that replace the work of our members, including those who previously did the work of matching Darth Vader's iconic rhythm and tone in video games."

So far there's been no response from Epic Games on the filing. The Hollywood Reporter notes that despite the SAG-AFTRA's still-ongoing Interactive Media Agreement strike, which has been stuck for months on negotiating "AI protections for voice actors in video games," actors can actually work on Fortnite without violating the strike, since the game falls under an exception for titles that were in production before August 2023.

Regeneron Pharmaceuticals is acquiring most of 23andMe's assets for $256 million. The sale includes 23andMe's Personal Genome Service, Total Health and Research Services business lines. What's not included is 23andMe's telehealth unit, Lemonaid Health, which the company acquired for around $400 million in 2021. It'll be shut down, but all staffers will remain employed. CNBC reports: The deal is still subject to approval by the U.S. Bankruptcy Court for the Eastern District of Missouri. Pending approval, it's expected to close in the third quarter of this year, according to the release. In its bankruptcy proceedings, 23andMe required all bidders to comply with its privacy policies, and a court-appointed, independent "Consumer Privacy Ombudsman" will assess the deal, the companies said.

Several lawmakers and officials, including the Federal Trade Commission, had expressed concerns about the safety of consumers' genetic data through 23andMe's sale process. The privacy ombudsman will present a report on the acquisition to the court by June 10. "We are pleased to have reached a transaction that maximizes the value of the business and enables the mission of 23andMe to live on, while maintaining critical protections around customer privacy, choice and consent with respect to their genetic data," Mark Jensen, 23andMe's board chair, said in a statement. "At its peak, 23andMe was valued at around $6 billion," notes the report.

"The Danish government plans to evaluate the prospect of beginning a nuclear power programme," reports the Telegraph, noting that this week Denmark lifted a nuclear power ban imposed 40 years ago. Unlike its neighbours in Sweden and Germany, Denmark has never had a civil nuclear power programme. It has only ever had three small research reactors, the last of which closed in 2001. Most of the renewed interest in nuclear seen around the world stems from the expected growth in electricity demand from AI data centres, but Denmark is different. The Danes are concerned about possible blackouts similar to the one that struck Iberia recently. Like Spain and Portugal, Denmark is heavily dependent on weather-based renewable energy which is not very compatible with the way power grids operate... ["The spinning turbines found in fossil-fuelled energy systems provide inertia and act as a shock absorber to stabilise the grid during sudden changes in supply or demand," explains a diagram in the article, while solar and wind energy provide no inertia.]

The Danish government is worried about how it will continue to decarbonise its power grid if it closes all of its fossil fuel generators leaving minimal inertia. There are only three realistic routes to decarbonisation that maintain physical inertia on the grid: hydropower, geothermal energy and nuclear. Hydro and geothermal depend on geographic and geological features that not every country possesses. While renewable energy proponents argue that new types of inverters could provide synthetic inertia, trials have so far not been particularly successful and there are economic challenges that are difficult to resolve.

Denmark is realising that in the absence of large-scale hydroelectric or geothermal energy, it may have little choice other than to re-visit nuclear power if it is to maintain a stable, low carbon electricity grid.
Thanks to long-time Slashdot reader schwit1 for sharing the news.

"The world has changed," writes Stack Overflow's blog. "Fast. Artificial intelligence is reshaping how we build, learn, and solve problems. Software development looks dramatically different than it did even a few years ago — and the pace of change is only accelerating."

And they believe their brand "at times" lost "fidelity and clarity. It's very much been always added to and not been thought of holistically. So, it's time for our brand to evolve too," they write, hoping to articulate a perspective "forged in the fires of community, powered by collaboration, shaped by AI, and driven by people."

The developer news site DevClass notes the change happens "as the number of posts to its site continues a dramatic decline thanks to AI-driven alternatives." According to a quick query on the official data explorer, the sum of questions and answers posted in April 2025 was down by over 64 percent from the same month in 2024, and plunged more than 90 percent from April 2020, when traffic was near its peak...

Although declining traffic is a sign of Stack Overflow's reduced significance in the developer community, the company's business is not equally affected so far. Stack Exchange is a business owned by investment company Prosus, and the Stack Exchange products include private versions of its site (Stack Overflow for Teams) as well as advertising and recruitment. According to the Prosus financial results, in the six months ended September 2024, Stack Overflow increased its revenue and reduced its losses. The company's search for a new direction though confirms that the fast-disappearing developer engagement with Stack Overflow poses an existential challenge to the organization.
DevClass says Stack Overflow's parent company "is casting about for new ways to provide value (and drive business) in this context..." The company has already experimented with various new services, via its Labs research department, including an AI Answer Assistant and Question Assistant, as well as a revamped jobs site in association with recruitment site Indeed, Discussions for technical debate, and extensions for GitHub Copilot, Slack, and Visual Studio Code.
From the official announcement on Stack Overflow's blog: This rebrand isn't just a fresh coat of paint. It's a realignment with our purpose: to support the builders of the future in an AI world — with clarity, speed, and humanity. It's about showing up in a way that reflects who we are today, and where we're headed tomorrow.
"We have appointed an internal steering group and we have engaged with an external expert partner in this area to help bring about the required change," notes a post in Stack Exchange's "meta" area. This isn't just about a visual update or marketing exercise — it's going to bring about a shift in how we present ourselves to the world which you will feel everywhere from the design to the copywriting, so that we can better achieve our goals and shared mission. As the emergence of AI has called into question the role of Stack Overflow and the Stack Exchange Network, one of the desired outputs of the rebrand process is to clarify our place in the world.

We've done work toward this already — our recent community AMA is an example of this — but we want to ensure that this comes across in our brand and identity as well. We want the community to be involved and have a strong voice in the process of renewing and refreshing our brand. Remember, Stack Overflow started with a public discussion about what to name it!
And another another post two months ago Stack Exchange is exploring early ideas for expanding beyond the "single lane" Q&A highway. Our goal right now is to better understand the problems, opportunities, and needs before deciding on any specific changes...

The vision is to potentially enable:

- A slower lane, with high-quality durable knowledge that takes time to create and curate, like questions and answers.

- A medium lane, for more flexible engagement, with features like Discussions or more flexible Stack Exchanges, where users can explore ideas or share opinions.

- A fast lane for quick, real-time interaction, with features like Chat that can bring the community together to discuss topics instantly.

With this in mind, we're seeking your feedback on the current state of Chat, what's most important to you, and how you see Chat fitting into the future.
In a post in Stack Exchange's "meta" area, brand design director David Longworth says the "tension mentioned between Stack Overflow and Stack Exchange" is probably the most relevant to the rebranding.

But he posted later that "There's a lot of people behind the scenes on this who care deeply about getting this right! Thank you on behalf of myself and the team."

"Shares of Ubisoft sank 18% on Thursday," reports CNBC, "after the French video game firm reported full-year earnings that disappointed investors... The company's shares have lost almost 60% of their value in the past 12 months, as the firm faced financial struggles, development hurdles, and underperformance of some of its key titles."

Ubisoft said its latest Assassin's Creed game "delivered the second-highest Day 1 sales revenue in franchise history and set a new record for Ubisoft's Day 1 performance on the PlayStation digital store," according to Reuters. And AFP notes that according to data from consultancy Circana, that game become the second-best-selling game of the year so far in the U.S. But... [A] string of disappointing releases undermined this year's performance, with a net loss of 159 million euros ($178 million) on revenues of 1.9 billion — down 17.5 percent year-on-year. Over the past 12 months, Ubisoft's would-be blockbuster "Star Wars Outlaws" fell short of sales expectations on release, while it cancelled multiplayer first-person shooter "XDefiant" for lack of players. "This year has been a challenging one for Ubisoft, with mixed dynamics across our portfolio, amid intense industry competition," chief executive Yves Guillemot said in a statement. But a string of disappointing releases undermined this year's performance, with a net loss of 159 million euros ($178 million) on revenues of 1.9 billion — down 17.5 percent year-on-year.

The group expects the measure to hold steady in the coming 2025-26 financial year, during which it will release a new "Prince of Persia" game, strategy title "Anno 117: Pax Romana" and mobile versions of shooters "Rainbow Six" and "The Division"... Moving to address its business woes, Ubisoft said in late March that it would create a new subsidiary to manage its three top franchises: "Assassin's Creed", "Far Cry" and "Rainbow Six".
"Since January, the shares have lost more than 12 percent, touching their lowest price in over a decade in April."

Charter Communications announced a $21.9 billion deal Friday to acquire Cox Communications, combining two major cable providers as they face mounting competition from wireless carriers offering 5G home internet. The transaction merges Charter's 31.4 million customers with Cox's 6.3 million, creating a larger entity to defend against aggressive expansion from Verizon and T-Mobile.

Charter lost 60,000 internet customers in the March quarter, underscoring the industry's vulnerability as traditional cable broadband growth stalls. Wireless carriers have successfully marketed their fixed wireless access services at lower price points while delivering competitive speeds, turning what was once cable's most profitable segment into contested territory. The combined company, which will be headquartered in Stamford, Connecticut, plans to adopt the Cox Communications name within a year of closing while retaining Spectrum as its consumer-facing brand.