AI agents are now conducting first-round job interviews to screen candidates before human recruiters review them, according to WashingtonPost, which cites job seekers who report being contacted by virtual recruiters from different staffing companies. The conversational agents, built on large language models, help recruiting firms respond to every applicant and conduct interviews around the clock as companies face increasingly large talent pools.

LinkedIn reported that job applications have jumped 30% in the last two years, partially due to AI, with some positions receiving hundreds of applications within hours. The Society for Human Resource Management said a growing number of organizations now use AI for recruiting to automate candidate searches and communicate with applicants during interviews. The AI interviews, conducted by phone or video, can last anywhere from a few minutes to 20 minutes depending on the candidate's experience and the hiring firm's questions.

An anonymous reader quotes a report from TechCrunch: The U.S. Department of Justice announced on Monday that it had taken several enforcement actions against North Korea's money-making operations, which rely on undercover remote IT workers inside American tech companies to raise funds for the regime's nuclear weapons program, as well as to steal data and cryptocurrency. As part of the DOJ's multi-state effort, the government announced the arrest and indictment of U.S. national Zhenxing "Danny" Wang, who allegedly ran a years-long fraud scheme from New Jersey to sneak remote North Korean IT workers inside U.S. tech companies. According to the indictment, the scheme generated more than $5 million in revenue for the North Korean regime. [...]

From 2021 until 2024, the co-conspirators allegedly impersonated more than 80 U.S. individuals to get remote jobs at more than 100 American companies, causing $3 million in damages due to legal fees, data breach remediation efforts, and more. The group is said to have run laptop farms inside the United States, which the North Korean IT workers could essentially use as proxies to hide their provenance, according to the DOJ. At times, they used hardware devices known as keyboard-video-mouse (KVM) switches, which allow one person to control multiple computers from a single keyboard and mouse. The group allegedly also ran shell companies inside the U.S. to make it seem like the North Korean IT workers were affiliated with legitimate local companies, and to receive money that would then be transferred abroad, the DOJ said.

The fraudulent scheme allegedly also involved the North Korean workers stealing sensitive data, such as source code, from the companies they were working for, such as from an unnamed California-based defense contractor "that develops artificial intelligence-powered equipment and technologies."

"For-profit companies are pushing the narrative that they can do space inexpensively," writes Slashdot reader RUs1729 in response to an opinion piece from SpaceNews. "Their track record reveals otherwise: cutting corners won't do it for the foreseeable future." Here's an excerpt from the article, written by Robert N. Eberhart: The headlines in the space industry over the past month have delivered a sobering reminder: space is not forgiving, and certainly not friendly to overpromising entrepreneurs. From iSpace's second failed lunar landing attempt (making them 0 for 2) to SpaceX's ongoing Starship test flight setbacks -- amid a backdrop of exploding prototypes and shifting goalposts -- the evidence is mounting that the commercialization of space is not progressing in the triumphant arc that press releases might suggest. This isn't just a series of flukes. It points to a structural, strategic and cultural problem in how we talk about innovation, cost and success in space today.

Let's be blunt: 50 years ago, we did this. We sent humans to the moon, not once but repeatedly, and brought them back. With less computational power than your phone, using analog systems and slide rules, we achieved feats of incredible precision, reliability and coordination. Today's failures, even when dressed up as "learning opportunities," raises the obvious question: Why are we struggling to do now what we once achieved decades ago with far more complexity and far less technology?

Until very recently, the failure rate of private lunar exploration efforts underscored this reality. Over the past two decades, not a single private mission had fully succeeded -- until last March when Firefly Aerospace's Blue Ghost lander touched down on the moon. It marked the first fully successful soft landing by a private company. That mission deserves real credit. But that credit comes with important context: It took two decades of false starts, crashes and incomplete landings -- from Space IL's Beresheet to iSpace's Hakuto-R and Astrobotic's Peregrine -- before even one private firm delivered on the promise of lunar access. The prevailing industry answer -- "we need to innovate for lower cost" -- rings hollow. What's happening now isn't innovation; it's aspiration masquerading as disruption... "This is not a call for a retreat to Cold War models or Apollo-era budgets," writes Eberhart, in closing. "It's a call for seriousness. If we're truly entering a new space age, then it needs to be built on sound engineering, transparent economics and meaningful technical leadership -- not PR strategy. Let's stop pretending that burning money in orbit is a business model."

"The dream of a sustainable, entrepreneurial space ecosystem is still alive. But it won't happen unless we stop celebrating hype and start demanding results. Until then, the real innovation we need is not in spacecraft -- it's in accountability."

Robert N. Eberhart, PhD, is an associate professor of management and the faculty director of the Ahlers Center for International Business at the Knauss School of Business of University of San Diego. He is the author of several academic publications and books. He is also part of Oxford University's Smart Space Initiative and contributed to Berkeley's Space Sciences Laboratory. Before his academic career, Prof. Eberhart founded and ran a successful company in Japan.

Google has signed a deal to purchase 200 megawatts of future fusion energy from Commonwealth Fusion Systems, despite the energy source not yet existing. "It's a sign of how hungry big tech companies are for a virtually unlimited source of clean power that is still years away," reports CNN. From the report: Google and Massachusetts-based Commonwealth Fusion Systems announced a deal Monday in which the tech company bought 200 megawatts of power from Commonwealth's first commercial fusion plant, the same amount of energy that could power roughly 200,000 average American homes. Commonwealth aims to build the plant in Virginia by the early 2030s. When it starts generating usable fusion energy is still TBD, though the company believes they can do it in the same timeframe.

Google is also investing a second round of money into Commonwealth to spur development of its demonstration tokamak -- a donut-shaped machine that uses massive magnets and molten plasma to force two atoms to merge, thereby creating the energy of the sun. Google and Commonwealth did not disclose how much money is being invested, but both touted the announcement as a major step toward fusion commercialization. "We're using this purchasing power that we have to send a demand signal to the market for fusion energy and hopefully move (the) technology forward," said Michael Terrell, senior director of energy and climate at Google.

Commonwealth is currently building its demonstration plant in Massachusetts, known as SPARC. It's the tokamak the company says could forever change where the world gets its power from, generating 10 million times more energy than coal or natural gas while producing no planet-warming pollution. Fuel for fusion is abundant, derived from a form of hydrogen found in seawater and tritium extracted from lithium. And unlike nuclear fission, there is no radioactive waste involved. The big challenge is that no one has yet built a machine powerful and precise enough to get more energy out of the reaction than they put into it.

Thousands of Norwegians briefly believed they had won massive Eurojackpot prizes after a manual coding error by Norsk Tipping mistakenly multiplied winnings by 100 instead of dividing. The Register reports: Eurojackpot, a pan-European lottery launched in 2012, holds two draws per week, and its jackpots start at about $12 million with a rollover cap of $141 million. Norsk Tipping, Norway's Eurojackpot administrator, admitted on Friday that a "manual error" it its conversion process from Eurocents to Norwegian kroner multiplied amounts by 100 instead of dividing them. As a result, "thousands" of players were briefly shown jackpots far higher than their actual winnings before the mistake was caught, but no incorrect payouts were made.

Norsk Tipping didn't disclose how large the false jackpots were, but math suggests the improper amounts were 10,000x times higher. Regardless, it seems like a lot of people thought they were big winners, based on what the company's now-former CEO, Tonje Sagstuen, said on Saturday. "I have received many messages from people who had managed to make plans for holidays, buying an apartment or renovating before they realized that the amount was wrong," Sagstuen said in a statement. "To them I can only say: Sorry!" The incorrect prize amounts were visible on the Norsk Tipping website only briefly on Friday, but the CEO still resigned over the weekend following the incident.

While one of the Norsk Tipping press releases regarding the incident described it as "not a technical error," it still appears someone fat-fingered a bit of data entry. The company said it will nonetheless be investigating how such a mistake could have happened "to prevent something similar from happening again."

Graphic artists in China are pushing back against AI image generators, which they say "profoundly shifts clients' perception of their work, specifically in terms of how much that work costs and how much time it takes to produce," reports The Verge. "Freelance artists or designers working in industries with clients that invest in stylized, eye-catching graphics, like advertising, are particularly at risk." From the report: Long before AI image generators became popular, graphic designers at major tech companies and in-house designers for large corporate clients were often instructed by managers to crib aesthetics from competitors or from social media, according to one employee at a major online shopping platform in China, who asked to remain anonymous for fear of retaliation from their employer. Where a human would need to understand and reverse engineer a distinctive style to recreate it, AI image generators simply create randomized mutations of it. Often, the results will look like obvious copies and include errors, but other graphic designers can then edit them into a final product.

"I think it'd be easier to replace me if I didn't embrace [AI]," the shopping platform employee says. Early on, as tools like Stable Diffusion and Midjourney became more popular, their colleagues who spoke English well were selected to study AI image generators to increase in-house expertise on how to write successful prompts and identify what types of tasks AI was useful for. Ultimately, it was useful for copying styles from popular artists that, in the past, would take more time to study. "I think it forces both designers and clients to rethink the value of designers," Jia says. "Is it just about producing a design? Or is it about consultation, creativity, strategy, direction, and aesthetic?" [...]

Across the board, though, artists and designers say that AI hype has negatively impacted clients' view of their work's value. Now, clients expect a graphic designer to produce work on a shorter timeframe and for less money, which also has its own averaging impact, lowering the ceiling for what designers can deliver. As clients lower budgets and squish timelines, the quality of the designers' output decreases. "There is now a significant misperception about the workload of designers," [says Erbing, a graphic designer in Beijing who has worked with several ad agencies and asked to be called by his nickname]. "Some clients think that since AI must have improved efficiency, they can halve their budget." But this perception runs contrary to what designers spend the majority of their time doing, which is not necessarily just making any image, Erbing says.

Steven J. Vaughan-Nichols writes in an opinion piece for The Register: Microsoft, tactically admitting it has failed at talking all the Windows 10 PC users into moving to Windows 11 after all, is -- sort of, kind of -- extending Windows 10 support for another year. For most users, that means they'll need to subscribe to Microsoft 365. This, in turn, means their data and meta-information will be kept in a US-based datacenter. That isn't sitting so well with many European Union (EU) organizations and companies. It doesn't sit that well with me or a lot of other people either.

A few years back, I wrote in these very pages that Microsoft didn't want you so much to buy Windows as subscribe to its cloud services and keep your data on its servers. If you wanted a real desktop operating system, Linux would be almost your only choice. Nothing has changed since then, except that folks are getting a wee bit more concerned about their privacy now that President Donald Trump is in charge of the US. You may have noticed that he and his regime love getting their hands on other people's data.

Privacy isn't the only issue. Can you trust Microsoft to deliver on its service promises under American political pressure? Ask the EU-based International Criminal Court (ICC) which after it issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu for war crimes, Trump imposed sanctions on the ICC. Soon afterward, ICC's chief prosecutor, Karim Khan, was reportedly locked out of his Microsoft email accounts. Coincidence? Some think not. Microsoft denies they had anything to do with this.

Peter Ganten, chairman of the German-based Open-Source Business Alliance (OSBA), opined that these sanctions ordered by the US which he alleged had been implemented by Microsoft "must be a wake-up call for all those responsible for the secure availability of state and private IT and communication infrastructures." Microsoft chairman and general counsel, Brad Smith, had promised that it would stand behind its EU customers against political pressure. In the aftermath of the ICC reports, Smith declared Microsoft had not been "in any way [involved in] the cessation of services to the ICC." In the meantime, if you want to reach Khan, you'll find him on the privacy-first Swiss email provider, ProtonMail.

In short, besides all the other good reasons for people switching to the Linux desktop - security, Linux is now easy to use, and, thanks to Steam, you can do serious gaming on Linux - privacy has become much more critical. That's why several EU governments have decided that moving to the Linux desktop makes a lot of sense... Besides, all these governments know that switching from Windows 10 to 11 isn't cheap. While finances also play a role, and I always believe in "following the money" when it comes to such software decisions, there's no question that Europe is worried about just how trustworthy America and its companies are these days. Do you blame them? I don't. The shift to the Linux desktop is "nothing new," as Vaughan-Nichols notes. Munich launched its LiMux project back in 2004 and, despite ending it in 2017, reignited its open-source commitment by establishing a dedicated program office in 2024. In France, the gendarmerie now operates over 100,000 computers on a custom Ubuntu-based OS (GendBuntu), while the city of Lyon is transitioning to Linux and PostgreSQL.

More recently, Denmark announced it is dropping Windows and Office in favor of Linux and LibreOffice, citing digital sovereignty. The German state of Schleswig-Holstein is following suit, also moving away from Microsoft software. Meanwhile, a pan-European Linux OS (EU OS) based on Fedora Kinoite is being explored, with Linux Mint and openSUSE among the alternatives under consideration.

An anonymous reader quotes a report from Bloomberg: Canada is proceeding with its digital services tax on technology companies such as Meta despite a Group of Seven agreement that resulted in removing the Section 899 "revenge tax" proposal from U.S. President Donald Trump's tax bill. The first payment for Canada's digital tax is still due Monday, the country's Finance Department confirmed, and covers revenue retroactively to 2022. The tax is three percent of the digital services revenue a firm makes from Canadian users above $20 million in a calendar year.

Keeping the digital tax will not affect the G7 agreement, which focuses on global minimum taxes, the Finance Department said. The Section 899 provision would have targeted companies and investors from countries that the U.S. determines are unfairly taxing American companies. [...] Finance Minister Francois-Philippe Champagne suggested to reporters last week that the digital tax may be negotiated as part of broader, ongoing U.S.-Canada trade discussions. "Obviously all of that is something that we're considering as part of broader discussions that you may have," he said.

Business groups in the country have opposed the tax since it was announced, arguing it would increase the cost of digital services and invite retaliation from the U.S. It also raised the ire of U.S. businesses and lawmakers. A group of 21 members of U.S. Congress wrote to Trump earlier this month asking him to push for the tax's removal, estimating the June 30 payment will cost U.S. companies $2 billion. Before scrapping its digital services tax, Canada wants to see an OECD deal on policies that expand a country's authority to tax profits earned within that country even if a company doesn't have a physical location there -- which is different from a global minimum tax. Earlier today, President Trump said the U.S. is immediately ending trade talks with Canada in response to the tax, calling it a "direct and blatant attack on our country."

"Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately," Trump wrote in a post on Truth Social. "We will let Canada know the Tariff that they will be paying to do business with the United States of America within the next seven day period."

An anonymous reader shares a report: Malaysia will ban plastic waste imports from the U.S. starting Tuesday because of America's failure to abide by the Basel Convention treaty on international waste transfers, in a move that could have significant consequences for California.

Malaysia emerged as a major destination for U.S. waste after China banned American waste imports in 2018. California shipped 864 shipping containers, or more than 10 million pounds of plastic waste, to Malaysia in 2024, according to the Basel Action Network, an advocacy group. That was second only to Georgia among U.S. states.

Under Malaysian waste guidelines announced last month, the country will no longer accept plastic waste and hazardous waste from nations that didn't ratify the Basel Convention, the international treaty designed to reduce the international movement of hazardous and other waste. The U.S. is one of just a handful of countries, including Fiji and Haiti, that hasn't signed the pact.

Researchers at the University of Pennsylvania's Wharton School found that people who used large language models to research topics demonstrated weaker understanding and produced less original insights compared to those using Google searches.

The study, involving more than 4,500 participants across four experiments, showed LLM users spent less time researching, exerted less effort, and wrote shorter, less detailed responses. In the first experiment, over 1,100 participants researched vegetable gardening using either Google or ChatGPT. Google users wrote longer responses with more unique phrasing and factual references. A second experiment with nearly 2,000 participants presented identical gardening information either as an AI summary or across mock webpages, with Google users again engaging more deeply and retaining more information.

U.S. banks have failed to prevent mass-scale money laundering in the face of approximately $44 billion per year in pig-butchering scams conducted by Asian crime syndicates, according to a ProPublica investigation.

Chinese-language Telegram channels openly advertise rental of U.S. bank accounts to scammers who use them to move victims' cash into cryptocurrency. Bank of America allowed hundreds of unverified customers to open accounts, prosecutors alleged, including 176 customers who claimed the same small home as their address.

Major financial institutions whose accounts pig-butchering scammers have exploited include Bank of America, Chase, Citibank, HSBC and Wells Fargo. The scams typically involve fake cryptocurrency trading platforms that convince victims to wire money to seemingly legitimate business accounts. Banks are reluctant to share account information with each other even after identifying suspicious activity, and "no real standards" exist for what banks must do to detect fraud or money laundering.

The classic VW bus got an all-electric update — but that was just the beginning. Now there's an autonomous driving version (that's intended for commercial fleets, reports Jalopnik, "a level 4 vehicle that drives set routes" that's "going into full production" as the ID Buzz AD. (The AD stands for "autonomous driving") The AD version sports a longer wheelbase and a higher roofline than its mere human-driven sibling, which helps it to fit in the 13 cameras, nine LiDARs, and five radars that will (hopefully) allow the car to drive without crashing into anybody. These are intended for large-fleet customers providing taxi services, either ones run by local governments or private companies. [Volkswagen Group software subsidiary MOIA] has already lined up its first customer, the German city of Hamburg, which will provide the automated Buzz as a public transit option alongside traditional bus and subway services. If all goes well, after Hamburg MOIA "will bring sustainable, autonomous mobility to large-scale deployment in Europe and the U.S.," according to VW Group CEO Oliver Blume. Down the road, VW has also signed an agreement for rideshare juggernaut Uber to use the ID Buzz AD across America, starting with Los Angeles in 2026.

The ID Buzz AD is the first vehicle in Germany to reach SAE International's threshold for Level 4 autonomous driving, meaning that the car can drive itself, with no need for a driver behind the wheel, within designated areas.
It comes with "a full suite of tools for public and private transit providers," notes the EV news site Electrek. "That includes everything from the self-driving tech to fleet management software, passenger support, and operator training. That will allow cities and companies to launch driverless fleets quickly, safely, and at scale."

And Christian Senger, a member of the board of management of VW Commercial Vehicles, tells DW the vans will be manufactured in very large numbers. The Hannover VW factory is set to produce more than 10,000 commercial vehicles. "We believe we can be the leading supplier in Europe," Senger says.... [Senger] does not expect the top dog of Germany's beleaguered auto industry to make any money, at least at first. In the long term, though, he explains that autonomous driving is the lucrative field of the future, one that promises to be much more profitable than the traditional automotive industry...

The exact price has not yet been announced but the ID. Buzz AD is unlikely to come cheap. According to Senger, buyers will have to pay a low six-figure sum (in euros) per vehicle. That means it's going to be expensive for transport companies. The Association of German Transport Companies or VDV, is calling for a nationally coordinated strategy of long-term financing, and a market launch supported by public funding, to establish the country's supremacy in this market.

ScienceAlert reports: Casino lighting could be nudging gamblers to be more reckless with their money, according to a new study, which found a link between blue-enriched light and riskier gambling behavior. The extra blue light emitted by casino decor and LED screens seems to trigger certain switches in our brains, making us less sensitive to financial losses compared to gains of equal magnitude, researchers from Flinders University and Monash University in Australia found...

The researchers think circadian photoreception, which is our non-visual response to light, is playing a part here. The level of blue spectrum light may be activating specific eye cells connected to brain regions in charge of decision-making, emotional regulation, and processing risk versus reward scenarios.

"Under conditions where the lighting emitted less blue, people tended to feel a $100 loss much more strongly than a $100 gain — the loss just feels worse," [says the study's lead author, a psychologist at the Flinders Health and Medical Research Institute]. "But under bright, blue-heavy light such as that seen in casino machines, the $100 loss didn't appear to feel as bad, so people were more willing to take the risk...." That raises some questions around ethics and responsibility, according to the researchers. While encouraging risk taking might be good for the gambling business, it's not good for the patrons spending their cash.
One professor involved in the study reached this conclusion. "It is possible that simply dimming the blue in casino lights could help promote safer gambling behaviors."

The research has been published in Scientific Reports.

Thanks to Slashdot reader alternative_right for sharing the news.

An anonymous reader quotes a report from Reuters: SoftBank Group founder Masayoshi Son is envisaging setting up a $1 trillion industrial complex in Arizona that will build robots and artificial intelligence, Bloomberg News reported on Friday, citing people familiar with the matter. Son is seeking to team up with Taiwan Semiconductor Manufacturing Co for the project, which is aimed at bringing back high-end tech manufacturing to the U.S. and to create a version of China's vast manufacturing hub of Shenzhen, the report said.

SoftBank officials have spoken with U.S. federal and state government officials to discuss possible tax breaks for companies building factories or otherwise investing in the industrial park, including talks with U.S. Secretary of Commerce Howard Lutnick, the report said. SoftBank is keen to have TSMC involved in the project, codenamed Project Crystal Land, but it is not clear in what capacity, the report said. It is also not clear the Taiwanese company would be interested, it said. TSMC is already building chipmaking factories in the U.S. with a planned investment of $165 billion. Son is also sounding out interest among tech companies including Samsung Electronics, the report said.

The plans are preliminary and feasibility depends on support from the Trump administration and state officials, it said. A commitment of $1 trillion would be double that of the $500 billion "Stargate" project which seeks to build out data centre capacity across the U.S., with funding from SoftBank, OpenAI and Oracle.

The DOJ has filed a civil complaint to seize $225.3 million in cryptocurrency linked to pig butchering scams -- long-con frauds where victims are tricked into fake crypto investments. The funds were laundered through a blockchain network, and the DOJ says recovered money will go toward reimbursing victims. The Verge reports: The 75-page complaint (PDF) filed in the US District Court for the District of Columbia lays out more detail about the seizure. According to it, the US Secret Service (USSS) and Federal Bureau of Investigation (FBI) tied scammers to seven groups of Tether stablecoin tokens. The fraud fell under what's typically known as "pig butchering": a form of long-running confidence scam aimed at tricking victims -- sometimes with a fake romantic relationship -- into what they believe is a profitable crypto investment opportunity, then disappearing with the funds. Pig butchering rings often traffic the workers who directly communicate with victims to Southeast Asian countries, something the DOJ alleges this ring did.

The DOJ says Tether and crypto exchange OKX first alerted law enforcement in 2023 to a series of accounts they believed were helping launder fraudulently obtained currency through a vast and complex web of transactions. The alleged victims include Shan Hanes (referred to in this complaint as S.H.), the former Heartland Tri-State Bank president who was sentenced to 24 years in prison for embezzling tens of millions of dollars to invest in one of the best-known and most devastating pig butchering scams. The complaint lists a number of other victims who lost thousands or millions of dollars they thought they were investing (and did not commit crimes of their own). An FBI report (PDF) cited by the press release concluded overall crypto investment fraud caused $5.8 billion worth of reported losses in 2024.

An anonymous reader quotes a report from the Hollywood Reporter: Bruce Lee, Jackie Chan and Jet Li and a legion of the all-time greats of martial cinema are about to get an AI makeover. In a sign-of-the-times announcement at the Shanghai International Film Festival on Thursday, a collection of Chinese studios revealed that they are turning to AI to re-imagine around 100 classics of the genre. Lee's classic Fist of Fury (1972), Chan's breakthrough Drunken Master (1978) and the Tsui Hark-directed epic Once Upon a Time in China (1991), which turned Li into a bone fide movie star, are among the features poised for the treatment, as part of the "Kung Fu Movie Heritage Project 100 Classics AI Revitalization Project."

There will also be a digital reworking of the John Woo classic A Better Tomorrow (1986) that, by the looks of the trailer, turns the money-burning anti-hero originally played by Chow Yun-fat into a cyberpunk, and is being claimed as "the world's first full-process, AI-produced animated feature film." The big guns of the Chinese industry were out in force on the sidelines of the 27th Shanghai International Film Festival to make the announcements, too. They were led by Zhang Pimin, chairman of the China Film Foundation, who said AI work on these "aesthetic historical treasures" would give them a new look that "conforms to contemporary film viewing." "It is not only film heritage, but also a brave exploration of the innovative development of film art," Zhang said.

Tian Ming, chairman of project partners Shanghai Canxing Culture and Media, meanwhile, promised the work -- expected to include upgrades in image and sound as well as overall production levels -- while preserving the storytelling and aesthetic of the originals -- would both "pay tribute to the original work" and "reshape the visual aesthetics." "We sincerely invite the world's top AI animation companies to jointly start a film revolution that subverts tradition," said Tian, who announced a fund of 100 million yuan ($13.9 million) would be implemented to kick-start the work.

Hackers have stolen hundreds of millions of dollars from cryptocurrency holders and disrupted major retailers by targeting outsourced call centers used by American corporations to reduce costs, WSJ reported Thursday. The attackers exploit low-paid call center workers through bribes and social engineering to bypass two-factor authentication systems protecting bank accounts and online portals.

Coinbase faces potential losses of $400 million after hackers compromised data belonging to 97,000 customers by bribing call center workers in India with payments of $2,500. The criminals also used malicious tools that exploited vulnerabilities in Chrome browser extensions to collect customer data in bulk.

TaskUs, which handled Coinbase support calls, shut down operations at its Indore, India facility and laid off 226 workers. Retail attacks targeted Marks & Spencer and Harrods with hackers impersonating corporate executives to pressure tech support workers into providing network access. The same technique compromised MGM Resorts systems in 2023. Call center employees typically possess sensitive customer information including account balances and recent transactions that criminals use to masquerade as legitimate company representatives.

U.S. public companies have cut their white-collar workforces by 3.5% over the past three years, marking a fundamental shift in corporate philosophy that views fewer employees as a path to faster growth. One in five S&P 500 companies now employ fewer people than they did a decade ago, according to employment data-provider Live Data Technologies.

The reductions extend beyond typical cost-cutting measures and coincide with record corporate profits at the end of last year. Amazon CEO Andy Jassy told employees Tuesday that AI will eliminate certain jobs in coming years, while Procter & Gamble announced plans to cut 7,000 positions to create "broader roles and smaller teams."

Bank of America reduced its workforce from 285,000 in 2010 to 213,000 today while revenues climbed 18% over the past decade. Managers have faced particularly steep cuts, with their ranks falling 6.1% between May 2022 and May 2025. Companies are flattening organizational structures and pushing remaining employees to handle larger workloads as executives track revenue per employee more closely.

The U.S. Senate has approved the GENIUS Act with a 68-30 final vote that "saw a huge surge of Democrats joining their Republican counterparts," reports CoinDesk. What the bill sets out to do is create the first federal regulatory framework for U.S. stablecoins, requiring issuers to maintain full 1:1 reserves in cash or Treasuries, adhere to regular audits and anti-money laundering rules, and gain regulatory approval -- all while allowing foreign stablecoin access under strict oversight rules. From the report: As written, the bill would set up guardrails around the approval and supervision of U.S. issuers of stablecoins, the dollar-based tokens such as the ones backed by Circle, Ripple and Tether. Firms making these digital assets available to U.S. users would have to meet stringent reserve demands, transparency requirements, money-laundering compliance and regulatory supervision that's also likely to include new capital rules. "This is a win for the U.S., a win for innovation and a monumental step towards appropriate regulation for digital assets in the United States," said Amanda Tuminelli, executive director and chief legal officer of the DeFi Education Fund, in a similar statement. [...]

While this is the first significant crypto bill to clear the Senate, it's also the first time a stablecoin bill has passed either chamber, despite years of negotiation in the House Financial Services Committee that managed to produce other major crypto legislation in the previous congressional session. The destiny of the GENIUS Act is also tied closely to the House's own Digital Asset Market Clarity Act, the more sweeping crypto bill that would establish the legal footing of the wider U.S. crypto markets. The stablecoin effort is slightly ahead of the bigger task of the market structure bill, but the industry and their lawmaker allies argue that they're inextricably connected and need to become law together. So far, the Clarity Act has been cleared by the relevant House committees and awaits floor action.

In a memo to employees on Tuesday, Amazon CEO Andy Jassy said that the company's corporate workforce will shrink in the coming years as it adopts more generative AI tools and agents. "We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs," Jassy said. "It's hard to know exactly where this nets out over time, but in the next few years, we expect that this will reduce our total corporate workforce." CNBC reports: Jassy wrote that employees should learn how to use AI tools and experiment and figure out "how to get more done with scrappier teams." The directive comes as Amazon has laid off more than 27,000 employees since 2022 and made several cuts this year. Amazon cut about 200 employees in its North America stores unit in January and a further 100 in its devices and services unit in May. Amazon had 1.56 million full-time and part-time employees in its global workforce as of the end of March, according to financial filings. The company also employs temporary workers in its warehouse operations, along with some contractors.

Amazon is using generative AI broadly across its internal operations, including in its fulfillment network where the technology is being deployed to assist with inventory placement, demand forecasting and the efficiency of warehouse robots, Jassy said. [...] In his most recent letter to shareholders, Jassy called generative AI a "once-in-a-lifetime reinvention of everything we know." He added that the technology is "saving companies lots of money," and stands to shift the norms in coding, search, financial services, shopping and other areas. "It's moving faster than almost anything technology has ever seen," Jassy said.