2026-06-12
The UK is about to ban under-16s from social media. Its own child-safety charities are worried.
A UK under-16 social media ban, for years a fringe idea, is now days from becoming government policy. Ministers are expected to outline the plan to Parliament on Monday, ahead of the 18 June Makerfield by-election, according to POLITICO, which cited people familiar with discussions inside the Department for Science, Innovation and Technology and No. […]<br /> This story continues at The Ne [...]
2026-06-12
SpaceX IPO makes Elon Musk the world’s first trillionaire, but your retirement fund is picking up the tab
Elon Musk is now worth more than $1 trillion. The SpaceX IPO, which priced 555.6 million shares at $135 each on 12 June, valued the company at roughly $1.77 trillion and pushed Musk past a threshold no individual has ever crossed. His SpaceX stake alone is worth an estimated $866.5 billion, according to the updated IPO prospectus. […]<br /> This story continues at The Next Web [...]
2026-06-12
Pleo layoffs hit engineers a day after it launched finance AI agents
On 11 June, Pleo told finance teams that AI agents would soon free them from administrative work. The next day came the Pleo layoffs: the Danish spend-management fintech had cut around 50 of its own staff, most of them in engineering and data. The product launch came first. Pleo unveiled a suite of “agentic” AI, […]<br /> This story continues at The Next Web [...]
2026-06-12
Starlink is SpaceX’s cash machine, but the maths is getting harder
SpaceX’s satellite internet service had 10.3 million subscribers at the end of the first quarter of 2026, more than double the 4.4 million it reported a year earlier. That growth rate is extraordinary by any standard in telecommunications, let alone for a business that delivers broadband from orbit. But the S-1 prospectus SpaceX filed ahead of what would […]<br /> This story continues [...]
2026-06-12
Google sues suspected Chinese cybercrime ring that used Gemini to build scam websites
Google has filed a lawsuit against a suspected Chinese cybercrime operation it calls the Outsider Enterprise, alleging the group sent more than 2.5 million fraudulent text messages to Android users over a two-week period in May. The messages contained links to fake websites designed to steal personal information, and the scammers reportedly used Google’s own […]<br /> This story continue [...]
2026-06-12
UK tech secretary vows to push pension funds into British AI startups
Britain’s Technology Secretary Liz Kendall has pledged to strengthen efforts to channel institutional investment into UK tech companies. Speaking to Bloomberg TV during London Tech Week, Kendall said the government would pursue legal reforms to how pension funds are run. “I’m sure you’ll see more movement on that very soon,” she said. The interview was recorded before […]<br /> [...]