Apple is raising its prices to offset the high cost of memory and storage, CEO Tim Cook told The Wall Street Journal. Apple is no longer able to absorb the increased prices and will need to pass some of the cost on to consumers. “Unfortunately, price increases are unavoidable,” said Cook. “We’re doing our best to mitigate the huge increases that are being passed to us, and we’ve been trying to shield our customers from the increases, but the situation has become unsustainable.”

Growing demand for memory and storage chips from AI companies has led to chip shortages and higher costs. The Wall Street Journal suggests Apple will need to increase device costs “substantially” to maintain its current profit margins given the cost of memory chips and SSDs. Research firm TechInsights claims Apple will need to make the iPhone 18 Pro around $270 more expensive to keep its existing profit margin.

Apple is struggling more with memory chips, but storage chips are also an issue. “There’s less supply at a time when consumers want devices and the memory guys are passing along huge price increases,” Cook told The Wall Street Journal. Cook said Apple will use its cash to increase memory supply, but he did not give details on what that means. Apple does not plan to create its own memory and storage factories. “We can’t do everything,” Cook said. “We know what we’re good at.”

China dominates the consumer drone market, so it is perhaps surprising that it is no longer possible to fly or even purchase a drone in Beijing. The new law that passed last month makes it illegal to buy, rent, or fly a drone without prior approval from the authorities. Users must also complete an online training session and pass a test on drone regulations. Under the new rules, drone users are also not allowed to repair or replace their drones in Beijing. Not only that, but a drone in a repair shop must be picked up in-person, rather than sent back by delivery.

The BBC reports that drones must now be registered before being brought into and out of the Chinese capital. “I have to apply for permission for each flight, which is very inconvenient,” drone enthusiast Steven Wang tells CNN. “And starting this year, the wait time is getting longer, and the reasons for rejection are becoming more vague.” Despite China being the birthplace of the consumer drone industry, it is increasingly difficult for hobbyists to fly there. Beijing authorities say that the rules are made to “strengthen the management of unmanned aerial vehicles” and “safeguard the security of the capital.”

For years, the Chinese auto industry has employed a hostile price war to kneecap global competitors. Armed with massive state subsidies, cheap raw materials, and an aggressive “scale-first” business model, Chinese automakers flooded the market with electric vehicles priced so low that legacy manufacturers stood no chance to compete. How did they do it? Simple, they couldn’t. They did it anyway. Reports from CarNewsChina show that Chinese automakers have been selling vehicles at a loss until a recent law passed by the Chinese government banned below-cost sales of new vehicles. During the ongoing sales slump in China caused by rolled-back subsidies and direct government intervention banning below-cost sales, the truth behind the rapid expansion of the Chinese auto industry has been exposed.

Tesco, a retail conglomerate headquartered in the United Kingdom, is moving 40,000 server workloads off of VMware amid “abusive conduct” from Broadcom, recent legal filings claim. Tesco filed a lawsuit in the UK’s High Court against Broadcom alleging breach of contract last year. According to a September report from The Register, the lawsuit claimed that in January 2021, Tesco bought perpetual licenses for VMware’s vSphere Foundation and Cloud Foundation, a subscription to VMware Tanzu, plus support services until 2026, with the option to extend support for four additional years.

But when Broadcom took over VMware in November 2023, it would not honor the deal and instead tried to get Tesco to pay “excessive and inflated prices for virtualization software for which Tesco has already paid” and would not allow it to buy support services for its perpetually licensed software without buying “duplicative subscription-based licenses for those same Software products,” the initial complaint read, The Register reported at the time. Tesco, which reported 73.7 billion pounds (about $98.7 billion) in revenue in its fiscal year 2026, has since started migrating away from VMware and Broadcom’s mainframe products, according to late-May court filings reported on by The Register today.

In January, Broadcom stopped supporting Tesco’s VMware products, Tesco said, and Tesco has been paying for third-party support since. In its initial filing, Tesco also said that Broadcom refused to upgrade software or provide all security updates to customers without subscriptions. One of Tesco’s recent filings, per The Register, reads: “Faced with Broadcom’s abusive conduct, and given the criticality of virtualization and mainframe software and services to its business, Tesco has been forced to incur material costs to procure alternative solutions with reduced functionality, and to migrate to that software in a manner, and on a timeframe, that creates very significant risks to its business.”

If it works “at exceptional pace,” Tesco will be completely off VMware by the end of 2027 at the earliest. However, “the timeframe in which that migration must be undertaken has created and continues to create operational and commercial risk, and at material ongoing cost and disruption to the business,” Tesco reportedly noted. Tesco is also dealing with migration challenges related to data security because its new, unnamed virtualization software is incompatible with the Veeam and Zerto products it uses. Tesco initially requested at least 100 million pounds (about $133.6 million) in damages each from Broadcom, VMware, and reseller Computacenter, plus interest. In its recent filings, Tesco said it turned down at least four offers from Broadcom to continue using VMware and Broadcom’s mainframe tech. […] The case is expected to go to court between November 1, 2027, and February 25, 2028, The Register reported. Afterward, it could go to trial.

Microsoft on Wednesday published an advisory acknowledging the public disclosure of a vulnerability in Defender that could lead to privilege escalation. The security defect, tracked as CVE-2026-50656 (CVSS score of 7.8), was dropped last week by security researcher Nightmare Eclipse (also known as Chaotic Eclipse). “We are working to provide a high-quality security update that addresses this vulnerability. We will provide information in this CVE when the update is available,” Microsoft adds.

RoguePlanet, Nightmare Eclipse explained last week, targets a race condition in Microsoft Defender and allows attackers to gain System privileges. The researcher released a proof-of-concept (PoC) exploit that demonstrates local privilege escalation (LPE) on Windows 11 and Windows 10 systems with the June 2026 patches installed. […] On Wednesday, Nightmare Eclipse pointed out that the PoC works regardless of whether Defender’s real-time protection is enabled or disabled. It may even work in passive mode, the researcher said.

The firm found that the primary smartphone market (meaning new devices) contracted 4.4 percent in the first quarter of this year, despite sales channels front-loading (meaning stockpiling) product inventory, as device prices begin to rise sharply. As CCS notes, this casts an ominous shadow on the outlook for the rest of the year, and it seems things have worsened since The Register first started reporting on the smartphone memory woes.

Back in January, the forecast was for handset price rises of 6-8 percent, while the most pessimistic outlook was that the global market might contract as much as 5.2 percent. By February, analysts were expecting to see a decline in shipments of around 8 percent across the global market, and for prices to increase by about 14 percent.

The root cause of all this is the AI craze, which has seen huge demand for high-performance GPU-filled servers to process it all. Chipmakers have moved to capitalize on this by prioritizing production of high-margin memory components for those servers, rather than making the plain old DRAM and NAND needed for PCs and phones.

Through its used vehicles sales, Carvana has become the most valuable auto retailer in the U.S. with a more than $70 billion market cap. Carvana’s target with the new vehicle business is to grow its market share and customer base as well as assist used vehicle sales through trade-ins and other means, according to Taira. If the company is successful, the strategy could cause a ripple effect across the U.S. franchised dealership model, which the National Automobile Dealers Association reports includes 16,990 retailers that topped $1.3 trillion in sales last year.

[…] Carvana is using a location in Dallas as a test center for its foray into new vehicle sales. The facility looks like a traditional Stellantis dealership from the outside, but the consumer process for purchasing a vehicle and the responsibilities of its employees are unprecedented. Couches and chairs replace cubicles and sales offices. There are no finance and insurance departments, and instead of an army of commission-based employees, the facility has associates that are paid hourly to assist customers — if they want the help.

The experience is meant to be as self-guided as a customer wants. By scanning QR codes located on 10-foot-by-10-foot screens inside the building or on vehicles and displays outside, shoppers can customize a vehicle, learn about a product’s features and conduct test drives before deciding whether to purchase anything. If they do decide to buy something, it’s online and not originated from a sales person, the company said.

The “playground” has roughly 50 vehicles divided by brand, with each having a theme. Jeep has an off-road display. Dodge has race tracks, including a Carvana-themed Charger pace car and part of a traditional track fence barrier. Chrysler minivans, meanwhile, have a soccer net and Ram’s area is truck-centric. Carvana is not committing to expanding the exact experience to its other franchised dealer locations, but Taira told CNBC that the overall process of online sales, vehicle testing and service are expected to be consistent throughout the locations.

Google, Microsoft, OpenAI, Arm, Mastercard, Siemens, and other companies have joined the newly launched Appia Foundation under the Linux Foundation. The project aims to create common specifications and assessment frameworks that organizations can use to demonstrate AI systems meet emerging safety, trust, and compliance requirements. According to the Linux Foundation, the framework is designed to allow conformity evidence to be reused across the AI supply chain, potentially reducing duplicate assessments and compliance costs. The announcement comes as governments around the world move toward enforcing AI regulations and organizations face increasing pressure to prove AI systems are trustworthy.

Inside the company, employees’ private group chats immediately lit up. Managers were instructed to prepare customers for a potential service disruption to the models, called Fable 5 and Mythos 5. But the messaging kept changing, with workers initially being told that the security problem was the ability of foreign companies to gain access to the systems, and later that a major vulnerability had been discovered in the models.

In employee chats, Anthropic engineers asked one another if the company’s plan to go public this year would be harmed by the White House directive. Many shared news reports that offered conflicting information about why the White House had ordered Anthropic to suspend access to Fable 5 and Mythos 5 for all foreign nationals. “What are you telling your clients?” one employee asked in a chat viewed by The New York Times. Another said, “Does anyone know what to believe?” In another message, a worker said, “I don’t understand what the issue is.”

Six days later, Anthropic’s roughly 3,000 employees still have few answers. The San Francisco company is continuing to grapple with internal confusion as Dario Amodei, the chief executive, and some of his lieutenants meet with the Trump administration to try and resolve the situation. But after discussions on Monday and Tuesday, there was no breakthrough over ending the U.S. order to limit access to the company’s new A.I. models. In a statement on Monday, Anthropic said it would continue meeting with government officials and pledged its “ongoing commitment to working alongside the administration.”

The dispute highlights how singular Anthropic has become in Washington. It was the second time in six months that the fast-growing A.I. start-up has become embroiled in a fight with the Trump administration over its powerful technologies, even as other A.I. companies offer similar models that have not received the same attention. And it has left Anthropic’s employees in what they described as a holding pattern, with some wondering if they were being picked on by President Trump. “Are we being bullied based on bad vibes?” one employee asked in a chat viewed by The Times.

Artificial Intelligence will lead to labour shortages, not the replacement of humans, Amazon founder Jeff Bezos predicted in a highly optimistic appearance at the VivaTech technology conference in Paris on Wednesday. Bezos put forward a rosy vision of how technology will help humanity, speaking about projects including his space venture Blue Origin and his new AI startup Prometheus, which is aimed at speeding up physical manufacturing. “I know there’s a lot of concern that many people have, including many smart people, that AI is going to make humans redundant and so on,” Bezos said. “I totally disagree with this point of view. And I think, in fact, AI is going to create a labor shortage.”

Half of Americans fear the rise of AI could put them or someone in their household out of work, a Reuters/Ipsos poll found this month. Bezos, the world’s fourth-richest person with a net worth around $250 billion, argued that people have “endless” things to do, and are currently limited by barriers that he said AI would lower. One goal of space exploration is to move polluting industries off Earth, said Bezos, whose Blue Origin aims to compete with trillionaire Elon Musk’s SpaceX in rockets. “If space travel gets reliable enough and inexpensive enough, and we can get materials from asteroids and near-Earth objects and the moon, then this garden planet can be returned to its pre-Industrial Revolution state,” Bezos said.

While there is Git LFS for large file storage with Git, Epic Games has crated Lore as a version control system designed entirely around the large file needs of modern game development as well as multimedia/entertainment purposes. Lore is designed to be fast and efficient for large files including binary files, and be easy-to-use including for 3D artists and more.

The Lore documentation elaborates more on its differences and motivation for development compared to Git: “No existing system was designed for the combination of constraints that large game and entertainment projects require: arbitrary content types, multi-axis scale, multi-tenant safety, and a fully open specification and license. […] Lore is designed to combine what works in each (Git’s content-addressed revision graph and centralized systems): a centralized server-of-record for durability, access control, and conflict resolution; content-addressed storage with fragment-level deduplication that is as effective on a multi-gigabyte binary as on a kilobyte of text; sparse, lazy working copies that materialize only what you need; free branching; and a fully open, publicly versioned specification and MIT license. Normal editing operations — staging, committing, branching, diffing — never require a network round trip.”

FulcrumSec, a cyber extortion group that emerged in October 2025, said in a long message posted to its website that it spent more than two months in Novo Nordisk’s networks stealing data. It said that data included company source code, proprietary information on released and unreleased drugs, trial data, employee, doctor and patient data, information related to company processing facilities and internal AI model information.

[…] FulcrumSec told Reuters in an email that Novo Nordisk representatives contacted the group on June 3, roughly 48 hours after the group’s initial contact to unnamed company executives. The company used a random Proton Mail email address sent to email addresses that FulcrumSec used in its initial outreach, and confirmed it was the company by requesting specific files for verification only the company would know about.

The FulcrumSec representative also said that the group would prefer not to sell data, “as open sourcing it is a more effective deterrent for future companies to avoid paying.” […] FulcrumSec said it would not share some of the data it stole, including information on thousands of company employees and physicians, and roughly 11,500 pseudonymized clinical trial patients. The group said it also would withhold data related to operational technology and software used to interact with sensors and machinery at Novo Nordisk production facilities as part of its “harm-reduction strategy.”

Today, I can exclusively report, based on audited financial documents viewed by this publication that have been independently verified by the Financial Times, that OpenAI lost around $38.5 billion in 2025, as well as other crucial details about the financial condition of the company. […] At the end of the year, OpenAI had just over $50 billion in assets, with almost half of that in cash. […] The financial condition of OpenAI is deeply concerning. $38.53 billion in losses are astronomical, and far higher than most believed it would be. Losses also appear to be mounting year-over-year at a dramatic rate, and I’m not sure how this company finds a way toward any kind of sustainability or profitability. As discussed, I have not editorialized much today. I believe the best thing I can do for the general public is to deliver this news as plainly as possible.

All told, OpenAI’s day-to-day “loss from operations” increased from $8.78 billion in 2024 to $20.92 billion in 2025, a concerning direction for a company that is telling investors it hopes to be profitable by 2030. But measured as a percentage of revenues, the company’s operating losses slightly improved year to year, from 237 percent in 2024 to 160 percent in 2025.

Operating numbers aside, OpenAI’s headline “net loss” number of just over $5 billion in 2024 ballooned to nearly $39 billion in 2025. But the 2025 number includes a significant accounting charge related to investor valuations that shifted amid the company’s 2025 conversion to a for-profit structure. The Financial Times cites “a person familiar with the matter” in reporting that this non-recurring charge was approximately $30 billion and that OpenAI’s 2025 net loss amounted to a more reasonable-looking $8 billion without it.

The Commission’s full communication said a legal obligation to keep games playable, as requested by the initiative, “would not be proportionate.” It cited concerns about intellectual property rights, confidential business information, publisher costs, and potential cybersecurity or safety risks once games are no longer supported. The code of conduct could include more transparent storefront labeling about possible game discontinuation, along with more partnerships between publishers and cultural heritage institutions to preserve games. However, it would not legally require publishers to provide offline patches, private server tools, or other methods for players to continue accessing games after official support ends. The Commission also argued that existing EU consumer law already provides some safeguards, including requirements around transparency, contract duration, termination conditions, and possible refunds if a shutdown conflicts with the agreement or a consumer’s reasonable expectations.

[…] Despite the setback, Stop Killing Games has said it is not ending its push for legislation. In a response posted after the Commission’s decision, the official Stop Killing Games account said the outcome was “not unexpected” and claimed the campaign had already prepared for the result. The group said it is now pushing for members of the European Parliament to amend Stop Killing Games into the Digital Fairness Act instead. “We can move on without the Commission and their non-decision,” the group said, referencing earlier comments from Accursed Farms creator Ross Scott.