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Fintech company Block lays off 4,000 of its 10,000 staff, citing gains from AI
BANGKOK (AP) — Shares in the financial technology company Block soared more than 20% in premarket trading Friday after its CEO announced it was laying off more than 4,000 of its 10,000 plus employees, reconfiguring to capitalize on its use of artificial intelligence.“The core thesis is simple. Intelligence tools have changed what it means to build and run a company,” Jack Dorsey said in a letter to shareholders in Block, the parent company to online payment platforms such as Square and Cash App. “A significantly smaller team, using the tools we’re building, can do more... Read More
30 years after Pokémon's release, fans are still trying to catch 'em all
LOS ANGELES (AP) — Benson Lu's life revolves around Pokémon.The 26-year-old has played the mobile game Pokémon Go every day for a decade, watches the animated show every week, goes to the local card shop in his Los Angeles suburb to play the brand's trading card game every week, and has a whopping collection of cards worth more than $70,000.
“I don’t remember when was the last day I did not think about Pokémon at all,” he said.
In the 30 years since Pokémon debuted in Japan with the 1996 release of Pokémon Red and Pokémon Green for Nintendo... Read More
US military used laser to take down Border Protection drone, lawmakers say
The U.S. military used a laser to shoot down a Customs and Border Protection drone, members of Congress said Thursday, and the Federal Aviation Administration responded by closing more airspace near El Paso, Texas.It's not clear why the laser was deployed but it's the second time in two weeks that one has been fired in the area. The military is required to formally notify the FAA anytime it takes any counter-drone action inside U.S. airspace.
The earlier laser firing did not hit a target. It was done by the CBP near Fort Bliss, about 50 miles (80 kilometers) northwest,... Read More
Asian shares are mixed after Nvidia's losses pull Wall St lower, as AI-linked layoffs rattle markets
BANGKOK (AP) — Shares were mixed Friday in Asia after the worst day for Nvidia’s stock since last spring dragged U.S. stocks lower.U.S. futures fell as investors focused on comments by Block CEO Jack Dorsey on his company’s decision to lay off 40% of its workforce because of labor-saving artificial intelligence.
Tokyo's Nikkei 225 edged 0.1% higher to 58,810.03.
In Hong Kong, the Hang Seng jumped 0.8% to 26,578.03, while the Shanghai Composite index slipped 0.3% to 4,139.53.
South Korea's Kospi lost 0.6% to 6,288.40 as traders locked in... Read More
AIPAC faces test of its power in Illinois primary as Democrats debate future of Israel relationship
WASHINGTON (AP) — A crowded primary season in Illinois is shaping up as the next test for the American Israel Public Affairs Committee, a powerful advocacy organization that's generating fresh turmoil over the Democratic Party's relationship to Israel and the role of undisclosed campaign cash in this year's midterm elections.AIPAC, which was founded decades ago to lobby for U.S. support for Israel, has reserved at least $1.9 million in advertisements through its super PAC in the race to replace Rep. Danny Davis, a veteran politician who is retiring. The organization hopes to... Read More
Top Stories
- US military used laser to take down Border Protection drone, lawmakers say
- Pakistanâs defense minister says that there is now 'open war' with Afghanistan after latest strikes
- Anthropic CEO says it 'cannot in good conscience accede' to Pentagon's demands for AI use
- Netflix walks away from Warner Bros deal, clearing the path for Paramount
- Columbia student detained by ICE is abruptly released after Mamdani meets with Trump
- Young woman says she was on social media 'all day long' as a child in landmark addiction trial
- Deadly shooting in Cuban waters highlights obsessions with counter-revolution as US pressure mounts
- Prosecutor claims that delayed charges against Abrego Garcia were 'extraordinary' but justified
- Crowds of Chicago mourners pay respects to Jesse Jackson at start of cross-country memorial services
- US and Iran wrap up latest nuclear talks without a deal as the risk of war looms
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Entertainment
- 30 years after Pokémon's release, fans are still trying to catch 'em all
- Netflix walks away from Warner Bros deal, clearing the path for Paramount
- Pink denies reports that she is separated from husband Carey Hart: 'Not true'
- Reunion game: Costas, Collins, Fratello and more NBC voices reunite for 76ers-Spurs game Tuesday
Sports
- WNBA union plans to survey players with agents seeking input in process, AP source says
- Olympic hero Jack Hughes keeps waiting for life to return to normal. It didn't happen in Pittsburgh
- Azzi Fudd, Sarah Strong lead UConn to 46th straight win and another 30-win season
- Opening round at the Cognizant Classic features bird feathers, shots from the mud and hole-outs