Apple pledges $450M toward expanding the satellite infrastructure powering Emergency SOS

As a part of its Advanced Manufacturing Fund, Apple will invest $450 million in satellite network and ground stations to power Emergency SOS, its service for the iPhone 14 and iPhone 14 Pro lineups that uses satellite to route emergency calls, the company announced today. The majority of the funding will go to Globalstar, the…

Sam Bankman-Fried says FTX in talks to raise capital, Alameda Research to wind down trading

Sam Bankman-Fried said on Thursday that he will be winding down the trading firm Alameda Research and is attempting to raise liquidity for the troubled FTX International exchange, as he scrambles to keep the world’s second largest crypto exchange alive after a bailout deal with Binance failed earlier this week. Bankman-Fried said in a series…

SoundHound, the voice AI platform, lays off 10% of staff citing ‘challenging market conditions’

SoundHound — maker of the voice AI technology used by Mercedes-Benz, Deutsche Telecom, Snap and Mastercard and more — has laid off about 10% of its workforce amid ongoing economic turmoil across global markets. The Santa Clara-headquartered company — which went public via a SPAC in April of this year — announced the decision to…

Thousands of websites hijacked for posioned Google SEO campaign

Cybercriminals have launched a major malicious SEO campaign with the goal of promoting obscure, low-quality Q&A sites, new research has found.  A report from cybersecurity researchers Sucuri states that a unique piece of WordPress malware sits at the center of this campaign. According to the report, the campaign was first observed in September 2022, when…

This stunning LG OLED TV swaps bezels for an incredible floating frame

Apart from a couple of notable exceptions, it’s fair to say that TV design has become a uniform affair in recent years, with a brand badge and choice of stand legs the only differenting factors within the chrome bezel, black plastic archetype we’ve become accustomed to. A wild new proof-of-concept unveiled this week by Seoul-based Jei Design Works in…

Razer’s PS5 pro controller is built for the demands of competitive gaming

Razer has announced its Wolverine V2 Pro PS5 controller, which features a host of advanced customization features. It’s the company’s first-ever officially licensed gamepad made for the latest Sony console and features asymmetrical thumbsticks from the iconic in-line ones of the last 28 years.  According to the official site listing, the controller is scheduled to…

Top economist Mohamed El-Erian says the FTX crypto fiasco will keep regulators up at night as they scramble to catch up

Mohamed El-Erian. Photo by Rob Kim/Getty Images Mohamed El-Erian said the FTX crypto chaos will keep regulators up at night.  That’s because they will be playing “massive” catch-up, after FTX revealed a liquidity crunch.  He said what’s happening with cryptocurrencies is “stunning” as the market sheds value.  Top economist Mohamed El-Erian said the latest mess…