2026-08-12

Oracle is planning another round of layoffs as it racks up debt to fund its AI buildout

Cuts could reach double-digit percentages on some teams, with Oracle aiming to reduce payroll before September 1 [...]

2026-08-12

Bank of America is deploying $250 billion to finance U.S. data centers and energy infrastructure

The bank's Critical Infrastructure Finance Initiative targets digital, energy, and core infrastructure projects through July 4, 2027 [...]

2026-08-12

A prototype Microsoft Xbox Elite controller leaked with a tiny built-in screen

A Reddit user claimed to have bought the non-functional prototype for $200 on OfferUp before the post was removed [...]

2026-08-12

NYC Council is investigating Polymarket, Kalshi, and rivals over deceptive marketing

Council Speaker Julie Menin sent letters to four prediction market platforms, seeking answers about practices that may target minors [...]

2026-08-12

4 New Camera Tricks on Google’s Latest Pixel 11 Smartphones

From Magic Capture and Instant Night Sight to a built-in teleprompter, here’s a look at a few camera features on Google’s new Pixel 11 series. [...]

2026-08-12

Jaguar gives the first look inside its all-electric Type 01

Jaguar has published the first interior images of the Type 01, the electric grand tourer that will end a two-year gap in which it stopped selling new cars in the UK. The car is revealed in New York on October 6, after a delay from late 2025 and an expected price of around £100,000. Jaguar […]<br /> This story continues at The Next Web [...]

2026-08-12

Megadeals took 87.5% of US venture dollars, and the rest of the market is priced by vintage

PitchBook published its Q2 US VC Valuations report on 10 August. Megadeals took 87.5% of the dollars deployed in the first half of 2026. PitchBook defines those as rounds of $100m or more. AI is the primary driver of that concentration, though the figure describes deal size rather than sector. The AI premium is real […]<br /> This story continues at The Next Web [...]

2026-08-12

Zoom fixed three bugs that let anyone on a call take over your machine

Zoom has patched three memory corruption flaws in its annotation feature that allowed any meeting participant to run code on another attendee’s device with no interaction. The fixes shipped in June and July 2026, roughly two months before the research was made public. Zoom has patched three flaws in the annotation tools used during screen […]<br /> This story continues at The Next Web [...]

2026-08-12

Tencent’s AI compute bill outgrew its cash flow, and the fallback plan is becoming a landlord

Tencent reported second-quarter revenue of 204.8bn yuan ($30.4bn) on Wednesday, up 11% and ahead of forecasts. Net profit came in at 56bn yuan against the 61.8bn analysts expected, CNBC reports. Capital expenditure rose 176% on the year to 52.8bn yuan, about $7.8bn. Free cash flow swung to an outflow of 13.8bn yuan. Those four numbers […]<br /> This story continues at The Next Web [...]