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Allbirds sells its shoes, renames itself Smartbird, and says it is now an AI infrastructure company

Allbirds, the sustainable footwear company that went public at a $4.1 billion valuation in 2021, has officially renamed itself Smartbird and appointed a new chief executive to lead its pivot into AI compute. Shares surged more than 50% on Wednesday morning before pulling back. The rebrand completes a transformation first announced in April, when the company […]

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Meloni says banning kids from social media is not a solution on its own

Italian Prime Minister Giorgia Meloni said on Wednesday that her government would not take the initiative to introduce a social media ban for teens, breaking from the approach taken by Britain and France. “I am not against a social media ban for under-16s, but I am not either convinced that this proposal alone can solve […]

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Anthropic got hit by export rules nobody understands

Anthropic has spent much of this week fighting to get its newest AI models back online after the Trump administration abruptly ordered the company to cut access for all foreign nationals, including users inside the US and its own employees, forcing Anthropic to block access to Fable 5 and Mythos 5 for everyone. “To my […]

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Amazon admits its AI models lag behind OpenAI and Anthropic, but says it can catch up

Amazon’s AI chief has said what the market long suspected. Peter DeSantis, the senior vice president who oversees the company’s AI models, custom chips, and quantum computing, told CNBC that Amazon’s models “haven’t been at the very frontier for the very largest, most demanding workloads.” He added that he hopes Amazon will be “in the conversation about […]

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Cybercriminals allegedly hacked tens of thousands of Fortinet firewalls used by major companies all over the world

An alleged Russian-speaking group of cybercriminals are reportedly compromising and targeting several major companies that use Fortinet Firewalls and VPNs through previously known passwords.

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