The Next Web

Rocket Lab’s revenue grew 64 per cent, its backlog hit 2.2 billion dollars, and its stock hit a record. Neutron still has not flown.

Rocket Lab reported record Q1 revenue of $200M, a $2.2B backlog, and a $30M Anduril hypersonics deal. The stock surged 30% but Neutron has still not flown.
The Next Web

Hackers breached five Polish water treatment plants. The attack vector was default passwords. Seventy per cent of American water utilities fail the same test.

Poland's ABW disclosed ICS breaches at five water treatment plants using default passwords. The US EPA found 70% of American water utilities fail basic cybersecurity standards.
The Next Web

Trump’s H-1B proposal would push entry-level tech salary floor near $162,000

A Trump-administration rule would lift H-1B prevailing wages by up to roughly 30% at the entry-level tier, raising the salary floor for foreign tech hires in San Francisco to $162,000.
The Next Web

The Pentagon published 162 UFO files on war.gov/ufo. Two-thirds are redacted. The government says it is being transparent.

The Pentagon released 162 UFO files on war.gov/ufo, including unexplained Apollo 17 photos and military sighting videos. Of the files, 108 are partially redacted.
The Next Web

Uber’s robotaxi partner crashed 16 times in four months. The regulator called it “excessively assertive and insufficiently capable.”

NHTSA opened an investigation into Avride, Uber's autonomous vehicle partner, after 16 crashes in Dallas. The regulator cited "excessive assertiveness and insufficient capability." ...
The Next Web

Intel’s stock tripled under Lip-Bu Tan. He still has not told most employees the plan.

Intel's stock has tripled under CEO Lip-Bu Tan, who has won over Trump, partnered with Musk on Terafab, and attracted Apple. The factories still lag behind TSMC.
The Next Web

Coinbase cut 700 jobs on Monday, lost $394 million on Thursday, and went dark on Friday because a data centre overheated

Coinbase went offline for seven hours after an AWS data centre overheated in Virginia. The outage capped a week of 700 layoffs and a $394M quarterly loss.
The Next Web

AWS was hit by overheating in northern Virginia, knocking Coinbase offline and rattling CME

AWS shifted traffic away from the affected zone and warned that fully restoring the remaining services would take longer than expected. Amazon Web Services said on Thursday that one of its data ...
The Next Web

The AI industry’s model and agent skill repositories are full of malware. The infrastructure built to accelerate development is now the vector for compromising it.

Hugging Face hosts 352,000 unsafe model issues. ClawHub's registry contains 341 malicious AI agent skills. The AI supply chain is now the most attractive target in software security.
The Next Web

SoftBank cuts OpenAI-backed margin loan target by 40% to $6bn

SoftBank has trimmed its OpenAI-backed margin loan target from $10bn to as little as $6bn after lender concerns about valuing OpenAI shares as collateral.
The Next Web

will.i.am taught 75 college students to build AI agents. The tech industry spent the same semester firing 73,000 people.

"The Agentic Self" at Arizona State University, where students built AI agents for veterans and street vendors. The tech industry cut 73,000 jobs the same semester.
The Next Web

Sony forecasts 11% profit lift and $3.2bn buyback as music and sensors offset PS5 memory shock

Game and Network Services, Sony’s largest revenue segment, is where the memory shock lands. Hardware sales for FY26 are forecast to fall about 6% year-over-year, and Sony has now told suppliers and ...