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A Chinese state-linked botnet has grown to 1,500 hacked routers and is mapping vulnerable targets within hours of disclosure

A covert botnet linked to Chinese state-sponsored hackers has more than doubled in size and is now scanning for newly disclosed vulnerabilities within hours of publication. The JDY botnet comprises over 1,500 compromised small office and home office routers, firewalls, and IoT devices, according to new research from Lumen’s Black Lotus Labs. Most of the […]

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SpaceX’s IPO is expected to mint 4,000 new millionaires, from engineers to cafeteria workers

More than 4,000 current and former SpaceX employees are expected to become millionaires when the company begins trading on Nasdaq this week, according to an analysis by Hill.com. Of those, approximately 400 are projected to hold stakes worth $100 million or more. The wealth creation will not be limited to engineers and executives. SpaceX has […]

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BNP Paribas says the $3.6 trillion US tech IPO pipeline will pull European startups towards public markets

The IPO filings by SpaceX, OpenAI, and Anthropic have created a pipeline of US tech offerings worth approximately $3.6 trillion. That wave is going to generate appetite for European tech deals too, according to Ygal el Harrar, global head of equity capital markets for the technology industry at BNP Paribas. “Liquidity attracts liquidity,” he said in […]

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Microsoft, like, totally gets why students are booing AI-pilled graduation speakers

New college graduates around the country have been booing and heckling commencement speakers who hype up AI. Microsoft would like everyone to talk it out. In a blog post running more than 3,100 words, Microsoft vice chair and president Brad Smith addressed the recent spate of viral clips from graduation ceremonies, like former Google CEO […]

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The most AI-obsessed companies spend $7,500 per employee per month. The median spends $11.

The top 1% of US companies by AI adoption spend $7,500 per employee per month on AI tools and compute. The median firm spends $11.38. That 680x gap, drawn from the Ramp AI Index, is the clearest picture yet of how unevenly AI spending is distributed across American business. Ramp describes the top 1% as […]

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The future of AI regulation is courting the strangest, most anxious bedfellows

Hello and welcome to Regulator, a newsletter for Verge subscribers about tech politics, tech influence, and tech shenanigans in Washington, DC. (If you’re not a subscriber, you can get on board here.) We’re back after a two-week hiatus, during most of which I was gallivanting in the Netherlands for a family wedding, and a trip […]

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