Startup founder Charlie Javice was convicted Friday of defrauding JPMorgan Chase, one of the world’s largest banks, out of $175 million. Javice and co-defendant Olivier Amar face the possibility of decades in prison. [@AssociatedPress](
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AP News
Charlie Javice convicted of defrauding JPMorgan during $175 million sale of financial aid startup
Charlie Javice, founder of Frank, a financial aid startup, has been convicted of defrauding JPMorgan Chase out of $175 million.
 #Tech #TechNews #JPMorganChase #CharlieJavice #Fraud #Startups
Elon Musk's AI startup, xAI, has acquired his social media platform, X. Musk said the deal was an all-stock transaction that valued X at $33 billion. "xAI and X’s futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent," Musk wrote on — no prizes for guessing — X. Here's more from NBC News.
NBC News
Elon Musk's AI startup acquires X in deal that values social media platform at $33 billion
Musk said on X that the deal valued xAI, his artificial intelligence company, at $80 billion.
 #Tech #Technology #ElonMusk #ArtificialIntelligence #AI #SocialMedia #Startups #XAi
Happy Friday, techies! Please check out these federated Flipboard sources and Magazines. Follow them for product reviews, trends, exclusive interviews and opinion, and the latest in technology news. The latest news, reviews and sales on games and game gear from TechRadar, https://flipboard.com/@techradar/gaming-work-hard-play-hard-k5ifuli6z LifeWireTech has the latest gear, updates and tips for both iOS and Android users, https://flipboard.com/@lifewiretech/dialing-in-on-smartphones-3uh335nuz Keep up with the cryptocurrency industry at Decrypt Media, https://flipboard.com/@decryptmedia/cryptocurrency-cu2q5hejz MacRumors keeps you up to date on all things Apple,
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DOGE is putting together a team to migrate the Social Security Administration’s computer systems entirely off one of the oldest programming languages in a matter of months, potentially putting the integrity of the system—and the benefits on which tens of millions of Americans rely—at risk. Read more at [@WIRED](
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WIRED
DOGE Plans to Rebuild SSA Code Base in Months, Risking Benefits and System Collapse
Social Security systems contain tens of millions of lines of code written in COBOL, an archaic programming language. Safely rewriting that code wou...
ChatGPT announced that the new surge of image generation users is “melting” GPUs, and free-tier users will soon get limited access. Read more at [@9to5google](
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9to5Google
ChatGPT promises image generation for free tier as feature is 'melting' GPUs
ChatGPT launched GPT 4o some days ago, and it has been met with a barrage of users trying out the...
In the wake of the Atlantic report this week, worldwide Signal downloads were up 28% from the daily average over the last 30 days. In the U.S., downloads were up 45% on Monday, and in Yemen, they were up by 42%. Read more at [@tech](
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TechCrunch
Signal downloads spike in the US and Yemen amid government scandal | TechCrunch
The encrypted messaging app Signal is getting some unexpected attention this week. High-ranking officials in the Trump administration, including Vice
Instacart is introducing a new way for shoppers to make money: taking videos of store shelves. The new earning opportunity, called Store View, will allow Instacart to determine which products are available and which are out of stock. Read more at [@theverge](
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The Verge
Instacart will pay shoppers to take videos of store shelves
One aisle at a time.
Q-Day — the day someone builds a quantum computer that can crack the most widely used forms of encryption — could happen in the next decade according to cybersecurity experts. That means everything could become vulnerable, for everyone. [@WIRED](
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WIRED
The Quantum Apocalypse Is Coming. Be Very Afraid
What happens when quantum computers can finally crack encryption and break into the world’s best-kept secrets? It’s called Q-Day—the worst ho...
The U.S. added dozens of companies to its export control list, including more than 50 based in China that it says sought advanced knowhow in supercomputing, artificial intelligence and quantum technology for military purposes. Read more at [@AssociatedPress](
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AP News
US adds Chinese tech firms to its export control list, says they sought US knowhow for military use
The U.S. has added dozens of companies to its export control, including more than 50 based in China that it says sought advanced knowhow in superco...
Music sharing pioneer Napster was sold to 3D technology company Infinite Reality for $207 million. Rad more at CNBC. #Napster #InfiniteReality #Tech #Technology
CNBC
Napster pioneered music sharing over 25 years ago. It just got bought for $207 million
Napster is getting acquired by Infinite Reality for $207 million, the latest chapter for a company whose brand is synonymous with early music sharing.