Microsoft has set a 30% profit margin goal for its Xbox gaming division, Bloomberg reported Thursday, well above the video game industry's average of 17% to 22%. The target, implemented in fall 2023 by CFO Amy Hood, represents a sharp departure from Xbox's previous approach of allowing developers to focus on making quality games without specific financial constraints. Xbox historically maintained profit margins between 10% and 20% and reported a 12% margin for the first nine months of Microsoft's 2022 fiscal year.

The division has responded by canceling several projects that had been in development for more than seven years, including Everwild, Perfect Dark and Project Blackbird. It has also eliminated thousands of jobs and raised prices. In 2024, Xbox began releasing most of its games on rival Nintendo and Sony platforms. The heightened scrutiny comes as Microsoft prioritizes investment in generative AI while overseeing a gaming division that has struggled despite spending $76.5 billion on acquisitions.

"Swiss voters have backed plans for electronic identity cards by a wafer-thin margin," reports the Guardian, "in the second nationwide vote on the issue." In a referendum on Sunday, 50.4% of voters supported an electronic ID card, while 49.6% were against, confounding pollsters who had forecast stronger support for the "yes" vote. Turnout was 49.55%, higher than expected... [V]oters rejected an earlier version of the e-ID in 2021, largely over objections to the role of private companies in the system. In response to these concerns, the Swiss state will now provide the e-ID, which will be optional and free of charge... To ensure security the e-ID is linked to a single smartphone, users will have to get a new e-ID if they change their device... An ID card containing biometric data — fingerprints — will be available from the end of next year.

Critics of the e-ID scheme raised data protection concerns and said it opened the door to mass surveillance. They also fear the voluntary scheme will become mandatory and disadvantage people without smartphones. The referendum was called after a coalition of rightwing and data-privacy parties collected more than 50,000 signatures against e-ID cards, triggering the vote.
"To further ease privacy concerns, a particular authority seeking information on a person — such as proof of age or nationality, for example — will only be able to check for those specific details," notes the BBC: Supporters of the Swiss system say it will make life much easier for everyone, allowing a range of bureaucratic procedures — from getting a telephone contract to proving you are old enough to buy a bottle of wine — to happen quickly online. Opponents of digital ID cards, who gathered enough signatures to force another referendum on the issue, argue that the measure could still undermine individual privacy. They also fear that, despite the new restrictions on how data is collected and stored, it could still be used to track people and for marketing purposes.
The BBC adds that the UK government also announced plans earlier this week to introduce its own digital ID, "which would be mandatory for employment. The proposed British digital ID would have fewer intended uses than the Swiss version, but has still raised concerns about privacy and data security."

The Guardian reports: The referendum came soon after the UK government announced plans for a digital ID card, which would sit in the digital wallets of smartphones, using state-of-the-art encryption. More than 1.6 million people have signed a petition opposing e-ID cards, which would be mandatory for people working in the UK by 2029.
Thanks to long-time Slashdot reader schwit1 for sharing the news.

MLB has approved the use of robot umpires in the 2026 season. According to ESPN, the system will give teams two challenges per game for balls and strikes where hitters, pitchers, and catchers can request reviews. From the report: Hitters, pitchers and catchers will be the only ones allowed to trigger the system by tapping their head, and if a challenge is successful -- the pitch will be shown on in-stadium videoboards -- teams will retain it. While the vote in favor of the automated ball-strike challenge system was not unanimous -- some of the four players on the 11-man committee voted no, according to sources -- the vote was a fait accompli, with MLB owners all in favor and in possession of a six-seat majority on the committee.

The ABS system uses similar technology to the line-calling system in tennis, with 12 cameras in each ballpark tracking the ball with a margin of error around one-sixth of an inch. The ABS zone will be a two-dimensional plane in the middle of the plate that spans its full width (17 inches). The zone's top will be 53.5% of a player's height and the bottom 27%. Teams that run out of challenges over the first nine innings will be granted an extra challenge in the 10th inning, while those that still have unused challenges will simply carry them into extras. If a team runs out of challenges in the 10th, it will automatically receive another in the 11th -- a rule that extends for any extra inning.

During the league's spring training test this season, teams combined to average around four challenges per game and succeeded 52.2% of the time, according to the league. Catchers, whose value in framing pitches outside the zone to look like strikes could take a hit due to the new rule, were the most successful at a 56% overturn rate, while hitters were correct 50% of the time and pitchers 41%. MLB's minor league testing, which started in 2021, led to Triple-A players in 2023 using ABS challenge three days a week and a full ABS system, with every pitch adjudicated by computer, the other three.

An anonymous reader quotes a report from CleanTechnica: In a sharp rebuke to the anti-electrification agenda in the US, global EV sales are up 27% over last year, with some legacy automakers -- but not all -- indicating the potential for a successful transition to electric mobility. CleanTechnica has spilled much ink on the pace of plug-in hybrid and full EV adoption, and the latest report from the UK firm Rho Motion (a branch of the price reporting agency Benchmark Mineral Intelligence) adds some fresh insights.

Covering the first seven months of 2025, earlier today Rho Motion totaled up more than 10.7 million EVs sold for a "robust" 27% increase over the same period last year, with China leading the pack by a wide margin. Europe also contributed to the overall robustness. Germany and the UK racked up impressive gains and Italy also turning in a mentionable performance. "The European EV market has grown by 30% year-to-date, with strong momentum in both battery electric vehicles (BEVs) and plug-in hybrids (PHEVs), up 30% and 32% respectively," Rho Motion summarized.

"In contrast, North America's growth has been muted so far in 2025, with the US facing policy headwinds and Canada seeing a slowdown," Rho Motion Data Manager Charles Lester observed. "We expect a short-term lift in US demand ahead of the IRA consumer tax credit deadline in September, followed by a likely dip," Lester added. That short-term lift won't help North America catch up to Europe [...] Rho Motion's EV sales snapshot shows the recent gains:

Global: 10.7 million, +27%
China: 6.5 million, +29%
Europe: 2.3 million, +30%
North America: 1.0 million, +2%
Rest of World: 0.9 million, +42%

According to two sources Reuters spoke with, Intel is struggling with low yields in its next-gen 18A chip manufacturing process for its next PC chip, Panther Lake. Internal data suggests the company is far from reaching commercially viable production levels, leading some insiders to describe the effort as a "Hail Mary." Reuters reports: For months, Intel has promised investors it would increase manufacturing using a process it calls 18A. It spent billions of dollars developing 18A, including the construction or upgrades of several factories, with the goal of challenging Taiwan's chipmaking heavyweight, TSMC. Intel wants to round out its business designing chips that it largely makes in-house and TSMC helps it produce, with a contract manufacturing business that can compete with this key supplier. But whether Intel revives advanced chip production in the U.S. and gets its contract foundry on solid footing depends on closing the technology gap with TSMC. Early tests disappointed customers last year, but Intel has said its 18A is on track to make its "Panther Lake" laptop semiconductors at high volume starting in 2025, which include next-generation transistors and a more efficient way to deliver power to the chip.

The chipmaker has hoped that producing such an advanced in-house chip would grow external interest in its foundry, at a time when new CEO Lip-Bu Tan has explored a major shift to course-correct that fledgling business, Reuters previously reported. Yet only a small percentage of the Panther Lake chips printed via 18A have been good enough to make available to customers, said the two people, who were briefed on the company's test data since late last year. The sources spoke on condition of anonymity because Intel did not authorize them to disclose such information. This percentage figure, known as yield, means Intel may struggle to make its high-end laptop chip profitably in the near future. [...]

Intel in the past has aimed for a yield north of 50% before ramping production because starting any earlier risked damaging its profit margin, three of the sources said. Intel typically does not make the lion's share of its profit until yields reach roughly 70% to 80%, key for a chip as small as Panther Lake where many defects would make it a tough sell, the three people said. Profit also flows from market expansions and building up factory output, Intel said. An immense yield increase would be a tall task by Panther Lake's fourth-quarter launch, the two people with knowledge of Intel's manufacturing operation said. But without such a jump, Intel may have to sell some chips at a lower profit margin or at a loss, the two sources briefed on test data said. The company has warned it could exit leading-edge manufacturing entirely if it does not land external business for 14A, which is 18A's next-generation successor.

NBC News reports that in the U.S., many recent graduates looking to enter the labor force "are painting a dire picture of their job search." NBC News asked people who recently finished technical school, college or graduate school how their job application process was going, and in more than 100 responses, the graduates described months spent searching for a job, hundreds of applications and zero responses from employers — even with degrees once thought to be in high demand, like computer science or engineering.

Some said they struggled to get an hourly retail position or are making salaries well below what they had been expecting in fields they hadn't planned to work in. "It was very frustrating," said Jensen Kornfeind, who graduated this spring from Temple University with a degree in international trade. "Out of 70-plus job applications, I had three job interviews, and out of those three, I got ghosted from two of them."

The national economic data backs up their experience. The unemployment rate among recent graduates has been increasing this year to an average of 5.3%, compared to around 4% for the labor force as a whole, making it one of the toughest job markets for recent graduates since 2015, according to an analysis by the Federal Reserve Bank of New York released Friday. "Recent college graduates are on the margin of the labor market, and so they're the first to feel when the labor market slows and hiring slows," said Jaison Abel, an economist at the Federal Reserve Bank of New York.

Across the economy, hiring in recent months has ground to its slowest pace since the start of the pandemic, with employers adding just 73,000 jobs in July, according to data released Friday... Tech workers have been some of the hardest hit in a slowing job market, with more than 400 employers including Meta, Intel and Cisco announcing more than 130,000 jobs cut in 2025, according to tech job site TrueUp.
The article cites an economist at Indeed Hiring Lab who believes early adoption of AI "is also likely driving some of the cuts and leading employers to rethink hiring plans in anticipation of AI's future role." So besides federal policy changes, the article blames "the emergence of AI, which some companies have said they are using to replace certain entry-level jobs, like those in customer support or basic software development."

Seven months after graduating, one CS major told NBC News he'd applied for 100 jobs, and got one job offer — for the 4 a.m. shift at Starbucks.

Atlassian laid off 150 employees via a pre-recorded video. "While not specifically outlined, the affected staff seem to be from the company's European operations, with The Australian saying that Cannon-Brooke's overshared that it would be difficult to axe its European staff due to contract arrangements, but that the company had already begun moving in that direction," reports CyberDaily. While the company claims the cuts weren't directly caused by AI, it has simultaneously rolled out AI-enhanced customer service tools and emphasized automation as a key part of its digital transformation strategy. From the report: Atlassian CEO and co-founder Mike Cannon-Brookes sent the video titled "Restructuring the CSS Team: A Difficult Decision for Our Future" to staff on Wednesday morning (30 July), informing them that 150 staff had been made redundant. The video reportedly did not make it seem that the decision was difficult, but rather said it would allow its staff "to say goodbye." The video itself did not announce who was leaving, but it told employees they would have to wait 15 minutes for an email about their employment. Those who were terminated had their laptops blocked immediately. They reportedly will receive six months' pay.

"AI is going to change Australia," [said former co-CEO and co-founder Scott Farquhar]. "Every person should be using AI daily for as many things as they can. Like any new technology, it will feel awkward to start with, but every business person, every business leader, every government leader, and every bureaucrat should be using it." He also said that governments should be implementing AI more broadly. [...] Commenting on the termination, Farquhar said the mass termination was due to the customer service team no longer being needed in the same capacity, as larger clients required less complex support following a move to the cloud.

Apple began selling iPad repair parts to the public in late May following new right-to-repair legislation, but independent repair professionals say the pricing makes most repairs economically unviable. A charge port for an iPad Pro 11 costs $250 from Apple compared to less than $20 for aftermarket parts, Brian Clark of iGuys Tech Shop told 404 Media.

An iPad A16 digitizer costs $200 from Apple versus $50 from third-party suppliers, while the entire iPad A16 retails for $349. The iPad Pro 13 screen assembly costs $749. Jonathan Strange of XiRepair analyzed the parts catalog and found more than one-third of components cost too much for repair shops to use profitably, 404 Media reported Thursday. Strange calculates repair viability by adding $85 labor costs and 10% profit margin to parts prices, then comparing the total to half the device's retail cost.

"Google has signed its first partnership with a long-duration energy storage company," reports Data Center Dynamics. "The tech giant signed a long-term partnership with Energy Dome to support multiple commercial deployments worldwide to help scale the company's CO2 battery technology."

Google explains in a blog post that the company's technology "can store excess clean energy and then dispatch it back to the grid for 8-24 hours, bridging the gap between when renewable energy is generated and when it is needed." Reuters explains the technology: Energy Dome's CO2-based system stores energy by compressing and liquefying carbon dioxide, which is later expanded to generate electricity. The technology avoids the use of scarce raw materials such as lithium and copper, making it potentially attractive to European policymakers seeking to reduce reliance on critical minerals and bolster energy security.
"Unlike other gases, CO2 can be compressed at ambient temperatures, eliminating the need for expensive cryogenic features," notes CleanTechnica, calling this "a unique new threat to fossil fuel power plants." Google's move "means that more wind and solar energy than ever before can be put to use in local grids." Pumped storage hydropower still accounts for more than 90% of utility scale storage in the US, long duration or otherwise... Energy Dome claims to beat lithium-ion batteries by a wide margin, currently aiming for a duration of 8-24 hours. The company aims to hit the 10-hour mark with its first project in the U.S., the "Columbia Energy Storage Project" under the wing of the gas and electricity supplier Alliant Energy to be located in Pacific, Wisconsin... [B]ut apparently Google has already seen more than enough. An Energy Dome demonstration project has been shooting electricity into the grid in Italy for more than three years, and the company recently launched a new 20-megawatt commercial plant in Sardinia.
Google points out this is one of several Google clean energy initiatives :

• In June Google signed the largest direct corporate offtake agreement for fusion energy with Commonwealth Fusion Systems.

• In October Google agreed to purchase "advanced nuclear" power from multiple small modular reactors being developed by Kairos Power.

• Google also partnered with a clean-energy startup to develop a geothermal power project that contributes carbon-free energy to the electric grid.

Goldman Sachs has officially rolled out a generative AI assistant across the company to enhance productivity, with around 10,000 employees already using it for tasks like summarizing documents and data analysis. Reuters reports: With the AI tool's official company-wide launch, Goldman joins a long list of big banks already leveraging the technology to shape their operations in a targeted manner and help employees in day-to-day tasks. [...] The GS AI assistant will help Goldman employees in "summarizing complex documents and drafting initial content to performing data analysis," according to the internal memo. "While the official line is that AI frees up employees for 'higher-value work,' the real-world consequence is a reduced need for human labor," notes Gizmodo in their reporting. A banker told Gizmodo that because their AI system now processes 85% of all client responses for margin calls, "the operations team avoided hiring 30 new people."

Gizmodo asks pointedly: "If one AI tool is replacing the need for 30 back-office staff in one corner of one bank, what happens when the entire industry scales that up?"

An anonymous reader quotes a report from Polygon: Nintendo Switch 2 is off to a roaring start. Early on Wednesday, Nintendo announced that it had sold 3.5 million units of its new console in just four days, making it Nintendo's fastest-selling console ever. In fact, this is likely the biggest console launch of all time -- by quite some margin. For comparison, PlayStation 5 shipped 4.5 million units in its first seven weeks, PlayStation 4 sold 2.1 million in a little over two weeks, and Nintendo Switch sold 2.74 million in its first month. [...]

Nintendo has predicted it will sell 15 million Switch 2s during its current financial year. It's well on the way to that figure already, although Nintendo still faces the challenges of maintaining stock availability and extending this expensive console's reach past the first wave of early adopters. If Switch 2 hits its first-year target, it will join Nintendo's other fasters sellers over the first year on sale: Game Boy Advance, Nintendo 3DS, and the original Switch. Over the weekend, the Switch 2 beat the record for the "most-sold console within 24 hours and is on track to shatter the two-month record," according to TweakTown.

Intel has implemented a strict new policy requiring all new projects to demonstrate at least a 50% gross margin to move forward. CEO Lip-Bu Tan explained Intel's new risk-averse policy as "something that we probably should have had before," later clarifying that the number is a figure the company is aspiring toward internally. Tom's Hardware reports: Tan is reportedly "laser focused on the fact that we need to get our gross margins back up above 50%." To accomplish this, Tan is also said to be investigating and potentially cancelling or changing unprofitable deals with other companies. Intel's margins have slipped to new lows for the company in recent months. MacroTrends reports Intel's trailing 12 months gross margin for Q1 2025 was as low as 31.67%. Intel's gross margins had hovered around the 60% mark for the ten years leading up to the COVID-19 pandemic, falling beneath 50% in Q2 2022 and continuing to steadily fall ever since.

Holthaus predicts a "tug-of-war" to ensue within Intel in the coming months as engineers and executives reckon with being forced between a rock and a hard place. "We need to be building products that... fit the right competitive landscape and requirements of our customers, but also have the right cost structure in place. It really requires us to do both." [...] Tan is also quoted as wanting to turn Intel into an "engineering-focused company" again under his leadership. To reach this, Tan has committed to investing in recruiting and retaining top talent; "I believe Intel has lost some of this talent over the years; I want to create a culture of innovation empowerment." Maintaining a culture of empowering innovation and top talent seems, on its face, at odds with layoffs and a lock on projects not projected to gross 50% margins, but Tan seemingly has Intel investors on his side in these pursuits.

Google DeepMind has launched Gemini 2.5, a new family of AI models designed to "think" before responding to queries. The initial release, Gemini 2.5 Pro Experimental, tops the LMArena leaderboard by what Google claims is a "significant margin" and demonstrates enhanced reasoning capabilities across technical tasks. The model achieved 18.8% on Humanity's Last Exam without tools, outperforming most competing flagship models. In mathematics, it scored 86.7% on AIME 2025 and 92.0% on AIME 2024 in single attempts, while reaching 84.0% on GPQA's diamond benchmark for scientific reasoning.

For developers, Gemini 2.5 Pro demonstrates improved coding abilities with 63.8% on SWE-Bench Verified using a custom agent setup, though this falls short of Anthropic's Claude 3.7 Sonnet score of 70.3%. On Aider Polyglot for code editing, it scores 68.6%, which Google claims surpasses competing models. The reasoning approach builds on Google's previous experiments with reinforcement learning and chain-of-thought prompting. These techniques allow the model to analyze information, incorporate context, and draw conclusions before delivering responses. Gemini 2.5 Pro ships with a 1 million token context window (approximately 750,000 words). The model is available immediately in Google AI Studio and for Gemini Advanced subscribers, with Vertex AI integration planned in the coming weeks.

A controversial VAR (Video Assistant Referee) decision helped eliminate Atletico Madrid from the Champions League after Julian Alvarez's penalty was disallowed for a near-microscopic double touch. Despite referee Szymon Marciniak standing just feet away and missing the infraction, VAR officials intervened without the typically required "clear and obvious error" standard.

This incident has exemplified the paradox of video review technology in football: introduced to reduce controversies, VAR has instead multiplied them. Technical implementation varies significantly across competitions -- some MLS stadiums have fewer cameras available for review than others -- creating inconsistent application. The Premier League claims VAR increased correct decisions from 82% to 96%, yet the remaining errors dominate match-day discourse. The Guardian adds: VAR incidents are now so endemic that Norway's clubs were compelled to vote on whether use of the technology should be scrapped two weeks ago. Ultimately, they decided to stick with VAR, even though most of the country's professional clubs want rid of it.

In the Norwegian league, the use of VAR has become so unpopular that fans felt they had no choice but to pelt the field with fishcakes in protest, which may or may not be A Norwegian Thing. Ultimately, the decision on whether to keep or scrap VAR devolved into a power struggle of a sort between Norway's 32 top professional clubs and the federation. Whereas the vote to introduce VAR -- which Norway didn't adopt until 2023, years later than most European countries -- was conducted by those pro teams alone, the decision to scrap it was voted on by every club in the country.

Several amateur clubs told the Guardian they felt conflicted about being dragged into a fight about a technology not in use at their level. Had it been left up to the pros, VAR would have been scrapped, by a 19-13 margin. Instead, the federation orchestrated a vote among all the country's clubs to force the retention of VAR -- and avoid becoming the first nation to scrap it -- prevailing by 321 votes to 129.

Goldman Sachs, in a research note Thursday (the note isn't publicly posted): Annualized revenue for public companies exposed to the build-out of AI infrastructure increased by over $340 billion from 2022 through 2024Q4 (and is projected to increase by almost $580 billion by end-2025). In contrast, annualized real investment in AI-related categories in the US GDP accounts has only risen by $42 billion over the same period. This sharp divergence has prompted questions from investors about why US GDP is not receiving a larger boost from AI.

A large share of the nominal revenue increase reported by public companies reflects cost inflation (particularly for semiconductors) and foreign revenue, neither of which should boost real US GDP. Indeed, we find that margin expansion ($30 billion) and increased revenue from other countries ($130 billion) account for around half of the publicly reported AI spending surge.

That said, the BEA's (Bureau of Economic Analysis) methodology potentially understates the impact of AI-related investment on real GDP by around $100 billion. Manufacturing shipments and net imports imply that US semiconductor supply has increased by over $35 billion since 2022, but the BEA records semiconductor purchases as intermediate inputs rather than investment (since semiconductors have historically been embedded in products that are later resold) and therefore excludes them from GDP. Cloud services used to train and support AI models are similarly mostly recorded as intermediate inputs.

Combined, we find that these explanations can explain most of the AI investment discrepancy, with only $50 billion unexplained. Looking ahead, we see more scope for AI-related investment to provide a moderate boost to real US GDP in 2025 since AI investment should broaden to categories like data centers, servers and networking hardware, and utilities that will likely be captured as real investment. However, we expect the bulk of investment in semiconductors and cloud computing will remain unmeasured barring changes to US national account methodology.

The Register highlights concerns raised at a recent UK parliamentary committee regarding AI companies' exploitation of copyrighted content without permission or payment. From the report: The Culture, Media and Sport Committee and Science, Innovation and Technology Committee asked composer Max Richter how he would know if "bad-faith actors" were using his material to train AI models. "There's really nothing I can do," he told MPs. "There are a couple of music AI models, and it's perfectly easy to make them generate a piece of music that sounds uncannily like me. That wouldn't be possible unless it had hoovered up my stuff without asking me and without paying for it. That's happening on a huge scale. It's obviously happened to basically every artist whose work is on the internet."

Richter, whose work has been used in a number of major film and television scores, said the consequences for creative musicians and composers would be dire. "You're going to get a vanilla-ization of music culture as automated material starts to edge out human creators, and you're also going to get an impoverishing of human creators," he said. "It's worth remembering that the music business in the UK is a real success story. It's 7.6 billion-pound income last year, with over 200,000 people employed. That is a big impact. If we allow the erosion of copyright, which is really how value is created in the music sector, then we're going to be in a position where there won't be artists in the future."

Speaking earlier, former Google staffer James Smith said much of the damage from text and data mining had likely already been done. "The original sin, if you like, has happened," said Smith, co-founder and chief executive of Human Native AI. "The question is, how do we move forward? I would like to see the government put more effort into supporting licensing as a viable alternative monetization model for the internet in the age of these new AI agents."

Matt Rogerson, director of global public policy and platform strategy at the Financial Times, said: "We can only deal with what we see in front of us and [that is] people taking our content, using it for the training, using it in substitutional ways. So from our perspective, we'll prosecute the same argument in every country where we operate, where we see our content being stolen." The risk, if the situation continued, was a hollowing out of creative and information industries, he said. [...] "The problem is we can't see who's stolen our content. We're just at this stage where these very large companies, which usually make margins of 90 percent, might have to take some smaller margin, and that's clearly going to be upsetting for their investors. But that doesn't mean they shouldn't. It's just a question of right and wrong and where we pitch this debate. Unfortunately, the government has pitched it in thinking that you can't reduce the margin of these big tech companies; otherwise, they won't build a datacenter."

A new study reveals that two Grand Canyon-sized valleys were formed in less than 10 minutes by "floods of rocks traveling as fast as bullets," reports Space.com. From the report: Scientists analyzed the lunar canyons, named Vallis Schrodinger and Vallis Planck, to find that these huge valleys measure 167 miles long (270 kilometers) and nearly 1.7 miles (2.7 km) deep, and 174 miles long (280 km) and nearly 2.2 miles deep (3.5 km), respectively. In comparison, the Grand Canyon is 277 miles long (446 km) and is, at most, about 1.2 miles deep (1.9 km), the researchers noted. [...] This pair of lunar canyons represents two of many valleys radiating out from Schrodinger basin, a crater about 200 miles wide (320 km) that was blasted out of the lunar crust by a cosmic impact about 3.81 billion years ago. This structure is located in the outer margin of the moon's largest and oldest remaining impact crater, the South Pole-Aitken basin, which measures about 1,490 miles wide (2,400 km) and dates about 4.2 billion to 4.3 billion years old.

[...] The scientists estimate that rocky debris flew out from the impact at speeds between 2,125 to 2,860 miles per hour (3,420 to 4,600 km/h). In comparison, a bullet from a 9mm Luger handgun might fly at speeds of about 1,360 mph (2,200 km/h). The researchers suggest the energy needed to create both of these canyons would have been more than 130 times the energy in the current global inventory of nuclear weapons. "The lunar canyons we describe are produced by streams of rock, whereas the Grand Canyon was produced by a river of water," [said David Kring, a geologist at the Lunar and Planetary Institute of the Universities Space Research Association]. "The streams of rock were far more energetic than the river of water, which is why the lunar canyons were produced in minutes and the Grand Canyon produced over millions of years." The findings have been published in the journal Nature.

During the fourth quarter of 2024, AMD surpassed Intel in datacenter sales for the first time in history -- despite weaker-than-expected sales of its datacenter GPUs. Tom's Hardware reports: AMD's revenue in Q4 2024 totaled $7.658 billion, up 24% year-over-year. The company's gross margin hit 51%, whereas net income was $482 million. On the year basis, 2024 was AMD's best year ever as the company's revenue reached $25.8 billion, up 14% year-over-year. The company earned net income of $1.641 billion as its gross margin hit 49%. But while the company's annual results are impressive, there is something about Q4 results that AMD should be proud of.

Datacenter business was the company's primary source of earnings, with net revenue reaching record $3.86 billion in Q4, marking a 69% year-over-year (YoY) increase and a 9% quarter-over-quarter (QoQ) rise. Operating income also saw substantial improvement, surging 74% YoY to $1.16 billion. By contrast, Intel's datacenter and AI business unit posted $3.4 billion revenue, while its operating income reached $200 million. But while the quarter marked a milestone for AMD, market analysts expected AMD to sell more of its Instinct MI300-series GPUs for AI and HPC. You can view AMD's 2024 financial results here.

Apple reported a record-breaking first quarter of 2025 with $124.3 billion in revenue and $36.3 billion in profit, or $2.40 per diluted share, driven by strong growth in its services business. That's "compared to revenue of $119.6 billion and net quarterly profit of $33.9 billion, or $2.18 per diluted share, in the year-ago quarter," notes MacRumors. From the report: Apple set all-time records during the quarter for total revenue, earnings per share, and services revenue. Total revenue was up 4 percent year-over-year, while earnings per share rose by 10 percent. Services, Mac, and iPad revenue figures were all up significantly year-over-year, while iPhone and Wearables saw small declines. Gross margin for the quarter was 46.9 percent, compared to 45.9 percent in the year-ago quarter. Apple also declared a quarterly dividend payment of $0.25 per share, payable on February 13 to shareholders of record as of February 10. "Today Apple is reporting our best quarter ever, with revenue of $124.3 billion, up 4 percent from a year ago," said Tim Cook, Apple's CEO. "We were thrilled to bring customers our best-ever lineup of products and services during the holiday season. Through the power of Apple silicon, we're unlocking new possibilities for our users with Apple Intelligence, which makes apps and experiences even better and more personal. And we're excited that Apple Intelligence will be available in even more languages this April."

In Friday's excerpt from Bill Gates' upcoming memoir, the Microsoft co-founder acknowledges that "It's impossible to overstate the unearned privilege I enjoyed. To be born in the rich U.S. is a big part of a winning birth-lottery ticket... Add to that my lucky timing..." The biggest part of my good fortune was being born to Bill and Mary Gates — parents who struggled with their complicated son but ultimately seemed to intuitively understand how to guide him. If I were growing up today, I probably would be diagnosed on the autism spectrum. During my childhood, the fact that some people's brains process information differently from others wasn't widely understood. (The term "neurodivergent" wouldn't be coined until the 1990s.) My parents had no guideposts or textbooks to help them grasp why their son became so obsessed with certain projects, missed social cues and could be rude and inappropriate without seeming to notice his effect on others.

What I do know is that my parents afforded me the precise blend of support and pressure I needed... Instead of allowing me to turn inward, they pushed me out into the world — to the baseball team, the Cub Scouts and other families' dinner tables. And they gave me constant exposure to adults, immersing me in the language and ideas of their friends and colleagues, which fed my curiosity about the world beyond school. Even with their influence, my social side would be slow to develop, as would my awareness of the impact I can have on other people. But that has come with age, with experience, with children, and I'm better for it. I wish it had come sooner, even if I wouldn't trade the brain I was given for anything...

I will never have my father's calm bearing, but he instilled in me a fundamental sense of confidence and capability. My mother's influence was more complex. Internalized by me, her expectations bloomed into an even stronger ambition to succeed, to stand out and to do something important. It was as if I needed to clear my mom's bar by such a wide margin that there would be nothing left to say on the matter. But, of course, there was always something more to be said. It was my mother who regularly reminded me that I was merely a steward of any wealth I gained. With wealth came the responsibility to give it away, she would tell me.

I regret that my mom didn't live long enough to see how fully I've tried to meet that expectation: she passed away in 1994, at age 64, from breast cancer. It would be my father in the years after my mom died who would help get our foundation started and serve as a co-chair for years, bringing the same compassion and decency that had served so well in his law career.
Proceeds from book sales will be donated to the nonprofit United Way Worldwide, in recognition of Mary's longtime work as a volunteer and board member with the organization.