The Next Web

Cloudflare beat earnings, cut 1,100 jobs because AI agents do the work now, and lost a quarter of its stock price in a day

Cloudflare cut 20% of its workforce after AI usage rose 600% in three months. Q1 revenue beat estimates at $640M but the stock fell 24% on the restructuring news.
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NHTSA says the Tesla Model Y is the first car to pass its new safety tests. The agency is simultaneously investigating 3.2 million Teslas for crashing.

The Trump administration announced the Tesla Model Y passed NHTSA's new ADAS safety benchmark. The same agency is investigating 3.2 million Teslas for Full Self-Driving crashes.
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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.
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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.
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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.
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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.
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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." ...
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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.
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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.
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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.
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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.
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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 ...