Now the company anticipates making over $1 billion in revenue this year, and daily active users have grown 40% year-over-year. The growth is significant but falls in the lower range of the company’s estimates of growing between 40% and 45%, which an investor brought up to [CEO Luis von Ahn] on Wednesday’s quarterly earnings call.

“The reason we came [in] towards the lower end was because I said some stuff about AI, and I didn’t give enough context. Because of that, we got some backlash on social media,” von Ahn said. “The most important thing is we wanted to make the sentiment on our social media positive. We stopped posting edgy posts and started posting things that would get our sentiment more positive. That has worked.”

During Sony’s latest financial results presentation this week, Sony CFO Lin Tao addressed the state of its Xperia smartphone brand, saying that Xperia is part of “a very important business for us” as reported by CNET Japan (translated). Tao said that “communication technology is a very important technology that Sony has cultivated for a long time. We also want to continue to value our smartphone business.” Though adding that “communication technology is used in areas other than smartphones.”

The agreement is expected to speed up migration to the cloud, as well as adoption of artificial intelligence tools, the General Services Administration said. “AWS’s partnership with GSA demonstrates a shared public-private commitment to enhancing America’s AI leadership,” the agency said in a release.

Amazon’s cloud boss, Matt Garman, hailed the agreement as a “significant milestone in the large-scale digital transformation of government services.” The discounts aggregated across federal agencies include credits to use AWS’ cloud infrastructure, modernization programs and training services, as well as incentives for “direct partnership.”

Two years ago, researchers in the Netherlands discovered an intentional backdoor in an encryption algorithm baked into radios used by critical infrastructure — as well as police, intelligence agencies, and military forces around the world — that made any communication secured with the algorithm vulnerable to eavesdropping. When the researchers publicly disclosed the issue in 2023, the European Telecommunications Standards Institute (ETSI), which developed the algorithm, advised anyone using it for sensitive communication to deploy an end-to-end encryption solution on top of the flawed algorithm to bolster the security of their communications. But now the same researchers have found that at least one implementation of the end-to-end encryption solution endorsed by ETSI has a similar issue that makes it equally vulnerable to eavesdropping. The encryption algorithm used for the device they examined starts with a 128-bit key, but this gets compressed to 56 bits before it encrypts traffic, making it easier to crack. It’s not clear who is using this implementation of the end-to-end encryption algorithm, nor if anyone using devices with the end-to-end encryption is aware of the security vulnerability in them.

JB Perrette, head of streaming and gaming at Warner Bros. Discovery said on the company’s second-quarter earnings call that messaging to consumers is about to get more “aggressive.” The media company looking to close the loopholes by the end of 2025, with the impact starting to appear in its financials by 2026. Several months of testing has enabled WBD to determine “who’s a legitimate user who may not be a legitimate user,” Perrette said. Once that is determined, he continued, the next step is to “turn on the more aggressive language around what needs to happen” in order to and make sure that “we are putting the net in the right place, so to speak.”

Asked about what “inning” the process is in, to use the baseball cliche, Perrette said only the first. By the fourth quarter, he said, the process will be happening “in a much more aggressive fashion.” “The message language right now has been a fairly soft, cancel-able message,” he said. It will “start to get more fixed and such that people have to take action as opposed to right now, sort of having to be a voluntary process.” Once those directives are established, he said, “the real benefit will start probably in the fourth quarter and then kick in in 2026.”

In an interview, Lansweeper, an IT asset discovery and inventory company, revealed to ZDNET that, in its analysis of over 15 million identified consumer desktop operating systems, it found that Linux desktops currently account for just over 6% of PC market share. This news comes after several other studies have shown the Linux desktop is right around the 6% mark. Indeed, according to the US Federal Government Website and App Analytics count, the Linux desktop market share over the last 90 days has reached 6.3%, a new high. In July, according to StatCounter, the Linux desktop also set a record high by its metrics with 5.24%.

“The order directs the Securities and Exchange Commission to facilitate access to alternative assets for participant-directed defined-contribution retirement savings plans by revising applicable regulations and guidance,” the White House official said on condition of anonymity. The order directs the Labor Secretary to consult with her counterparts at the Treasury Department, the SEC, and other federal “regulators to determine whether parallel regulatory changes should be made at those agencies,” the official said. […]

The new investment options carry lower disclosure requirements and are generally less easy to sell quickly for cash than the publicly traded stocks and bonds that most retirement funds rely on. Investing in them also tends to carry higher fees. In defined contribution plans, employees make contributions to their own retirement account, frequently with a matching contribution from their employer. The invested funds belong to the employee, but unlike a defined benefit pension plan, there is no guaranteed regular payout upon retirement.

Many private equity firms are hungry for the new source of cash that retail investors could offer after three years in which high interest rates shook their time-honored model of buying companies and selling them at a profit. Whatever results may come from Trump’s order, it likely will not happen overnight, private equity executives say. Plaintiffs’ lawyers are already preparing for lawsuits that could be filed by investors who do not understand the complexity of the new forms of investments.

OpenAI is paying bonuses to around 1,000 employees on its technical research and engineering teams, or about a third of the company, ranging from the low hundreds of thousands to millions, as the company gears up to release its latest flagship GPT-5 model and faces an ever-rising battle for AI talent, according to a person with knowledge of the bonuses.

China’s biggest solar firms shed nearly one-third of their workforces last year, company filings show, as one of the industries hand-picked by Beijing to drive economic growth grapples with falling prices and steep losses. The job cuts illustrate the pain from the vicious price wars being fought across Chinese industries, including solar and electric vehicles, as they grapple with overcapacity and tepid demand. The world produces twice as many solar panels each year as it uses, with most of them manufactured in China.

Longi Green Energy, Trina Solar, Jinko Solar, JA Solar, and Tongwei, collectively shed some 87,000 staff, or 31% of their workforces on average last year, according to a Reuters review of employment figures in public filings.

“The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem,” Trump wrote in a post on Truth Social Thursday. The president appeared to be referencing Intel CEO Lip-Bu Tan’s past business dealings in China, which Sen. Tom Cotton (R., Ark.) called out in a letter to the company’s board earlier this week.

On Tuesday, Cotton wrote an open letter to Intel’s board questioning Tan’s ties to the Chinese government, including apparent connections to the country’s military and investments in other semiconductor companies. “The new CEO of @intel reportedly has deep ties to the Chinese Communists,” Cotton wrote in a post on X accompanying the letter. “U.S. companies who receive government grants should be responsible stewards of taxpayer dollars and adhere to strict security regulations. The board of @Intel owes Congress an explanation.”