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From the all-in-on-AI department: Nvidia-backed CoreWeave plans to spend up to $23 billion this year on AI infrastructure and data center capacity, as it aims to meet the booming demand from clients. Reuters reports: The heavy spending plan weighed on its shares, which fell 5% after surging as much as 11% on better-than-expected revenue in its first results as a public company after debuting on the Nasdaq in March. The company's projected capital expenditure of between $3 billion and $3.5 billion for the second quarter was way above its revenue expectation of $1.06 billion to $1.1 billion. "While the revenue from Microsoft is likely secure for the next three years, CoreWeave represents overflow capacity for Microsoft, which may not need that capacity in the future," D.A. Davidson analyst Gil Luria said.
The company's revenue backlog was $25.9 billion as of March 31, with its five-year deal with OpenAI adding $11.2 billion to the pile up. As part of the deal signed in March, CoreWeave will provide AI infrastructure to OpenAI, while the ChatGPT maker will get a stake. CoreWeave expects annual revenue of $4.9 billion to $5.1 billion, above analysts' expectation of $4.61 billion, according to data compiled by LSEG. It reported revenue of $981.6 million for the first quarter, beating the estimate of $852.9 million.
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From the what-to-expect department: Montana has passed a bill allowing licensed clinics to offer experimental medical treatments that haven't been approved by the FDA, provided the drugs have passed phase I safety trials. MIT Technology Review reports: The bill, which was passed by the state legislature on April 29 and is expected to be signed by Governor Greg Gianforte, essentially expands on existing Right to Try legislation in the state. But while that law was originally designed to allow terminally ill people to access experimental drugs, the new bill was drafted and lobbied for by people interested in extending human lifespans -- a group of longevity enthusiasts that includes scientists, libertarians, and influencers. These longevity enthusiasts are hoping Montana will serve as a test bed for opening up access to experimental drugs. [...]
Supporters of the bill say it gives individuals the freedom to make choices about their own bodies. At the same event, bioethicist Jessica Flanigan of the University of Richmond said she was "optimistic" about the measure, because "it's great any time anybody is trying to give people back their medical autonomy." Ultimately, they hope that the new law will enable people to try unproven drugs that might help them live longer, make it easier for Americans to try experimental treatments without having to travel abroad, and potentially turn Montana into a medical tourism hub.
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From the PSA department: Google has warned that the hacker group known as "Scattered Spider," which recently disrupted UK retailer Marks & Spencer, is now targeting U.S. retailers with aggressive and sophisticated cyberattacks. "U.S. retailers should take note. These actors are aggressive, creative, and particularly effective at circumventing mature security programs," John Hultquist, an analyst at Google's cybersecurity arm, said in an email sent on Wednesday. The Guardian reports: Scattered Spider is widely reported to have been behind the particularly disruptive hack at M&S, one of the best-known names in British business, whose online operations have been frozen since 25 April. It has a history of focusing on a single sector at a time and is likely to target retail for a while longer, Hultquist said. Just a day before Google's warning, M&S announced that some customer data had been accessed, but this did not include usable payment or card details, or any account passwords. The Guardian understands the details taken are names, addresses and order histories. M&S said personal information had been accessed because of the "sophisticated nature of the incident."
"Today, we are writing to customers informing them that due to the sophisticated nature of the incident, some of their personal customer data has been taken," the company said. Hackers from the Scattered Spider ecosystem have been behind a slew of disruptive break-ins on both sides of the Atlantic. In 2023, hackers tied to the group made headlines for hacking the casino operators MGM Resorts International and Caesars Entertainment. Law enforcement has struggled to get a handle on the Scattered Spider hacking groups, in part because of their amorphousness, the hackers' youth, and a lack of cooperation from cybercrime victims.
After canceling Kingdom Hearts Missing-Link, Square Enix has released some new screenshots of Kingdom Hearts IV to give fans proof of life. The company has been pretty quiet about the fourth entry in its Disney/Final Fantasy crossover RPG series since announcing it in 2022, and if you’ve got to give folks bad news and…
Coinbase Offers $20 Million Bounty To Catch Data Thieves After Extortion Attempt 2025-05-15 08:15:02
After teasing some news on its social channels earlier this week, Atlus has finally announced that a new Persona game is coming out. No, it’s not Persona 6, but rather Persona 5: The Phantom X, a spin-off that is finally making its way out of China and into other territories.
The Switch 2 is likely to be one of the biggest console launches ever, but it might be hard to find actual hands-on reviews of the device when it first comes out. That’s because Nintendo isn’t sending out early units to press and content creators, according to a new report by The Game Business. It’s a highly unusual…
Website Neal.fun is a constant source of innovative little web games, including 2023's superb satirical stab at the awfulness of setting passwords. The latest addition to the website is a superb use of Google’s Street View, as (currently) over a thousand people are on a road trip to Canada!
Same old goddamn story every time. An old crush comes calling saying it’s been a while, we should get lunch, catch up. Also, by the way, I know we haven’t been close in a real long time but it’s been a rough couple of months, will you murder several dozen people in honor of my dead brother the warlord? I’m usually not…
