Stripe, one of the world's most valuable startup ($95 billion), today launched Financial Connections, which will enable businesses and their customers to safely share their financial data. "Businesses can go directly to Stripe to access a privacy-first authentication flow and our new data API," Jay Shah, Stripe executive running Financial Connections said today. Or in other words, Stripe has launched its Plaid competitor. Following the announcement from Shah, Plaid CEO Zachary Perret tweeted: Wow! Jay, you took interviews with Plaid & asked probing questions multiple times over the past few years, and your team sent repeated RFP's (under NDA!) to us asking for tons of detailed data. I wish y'all the best with these products, but surprising to see the methods.

TikTok is launching a new way for the top creators on its billion-user app make money -- and for advertisers to reach the cream of the short-form video crop. Variety reports: The company announced TikTok Pulse, an advertising program to let marketers buy inventory in the top 4% of all videos on the platform in a dozen different categories (including beauty, fashion, cooking and gaming). Creators and publishers with at least 100,000 followers will be eligible to participate in the initial stage of TikTok Pulse. The company said that with the launch of Pulse, it will "begin exploring" its first advertising-revenue share program with creators, public figures and media publishers.

TikTok Pulse will roll out first in the U.S. in June, with additional markets to follow in the fall, according to Sofia Hernandez, TikTok's global head of business marketing. "This finally offers marketers something they have been asking for for years -- to be part of a community," she said.

An anonymous reader shares a report: A funny thing happened in 2020: AMD won the gaming laptop for the first time ever. Until the Asus Zephyrus G14, we'd never seen a laptop with an AMD CPU and AMD GPU run circles around the competition. Since then, we've repeatedly seen that "AMD laptop" no longer means cheap. But now, AMD is setting its sights higher than mid-range gaming machines -- it just revealed it's building a new CPU aimed at the "pinnacle of gaming performance" with the "highest core, thread and cache ever." The new CPU line is codenamed "Dragon Range," and they'll live exclusively at 55W TDP and up -- enough power that they'll "largely exist in the space where gaming laptops are plugged in the majority of the time," says AMD director of technical marketing Robert Hallock.

Google is scrapping a time-consuming, twice-a-year staff performance review process in an effort to improve morale and reduce the time employees spend preparing the assessments, The Information reported Wednesday, citing people familiar with the changes. From the report: CEO Sundar Pichai told staff Wednesday that the new program, which will take place only once a year, aims to give more employees a sense of accomplishment and acknowledge that "most Googlers are doing great work." The new system, which also creates an easier path to promotions, came after only 53% of Googlers said in surveys that the current system is "time well spent," Pichai said. The change makes Google the latest Silicon Valley company to switch to less-frequent reviews. Meta last year said it would conduct performance reviews once per year rather than twice. Google has for years conducted extensive performance review processes twice a year through a process that required extensive preparation from employees and managers. Now, the review process will happen once a year and staff won't have to prepare packets of information ahead of time, the company told employees. The company will still consider promotions twice a year.

The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark short-term interest rate by a half-percentage point Wednesday -- its most aggressive move since 2000 -- and signaling further large rate hikes to come. From a report: The increase in the Fed's key rate raised it to a range of 0.75% to 1%, the highest point since the pandemic struck two years ago. The Fed also announced that it will start reducing its huge $9 trillion balance sheet, which consists mainly of Treasury and mortgage bonds. Those holdings more than doubled after the pandemic recession hit as the Fed bought trillions in bonds to try to hold down long-term borrowing rates. Reducing the Fed's holdings will have the effect of further raising loan costs throughout the economy. All told, the Fed's credit tightening will likely mean higher loan rates for many consumers and businesses over time, including for mortgages, credit cards and auto loans. Speaking at a news conference Wednesday, Chair Jerome Powell made clear that further large rate hikes are coming. "There is a broad sense on the committee," he said, referring to the Fed, "that additional (half-point) increases should be on the table in the next couple of meetings."

Amazon said on Wednesday that it aims to export locally produced Indian goods worth $20 billion by 2025, doubling its initial goal of $10 billion set for the same time frame as the e-commerce group attracts over 100,000 exporters in the key overseas market. From a report: It took the company -- which launched its exports program, called Amazon Global Selling, in India in 2015 -- three years to clock exports of $1 billion from the country, it said. The firm added the last $2 billion in just 17 months, it said at a virtual event Wednesday. In total, the company said it is on track to hit $5 billion in cumulative exports from India. "We are excited to build a strong foundation for MSMEs to realize their export potential, help them become globally competitive and contribute towards honorable Prime Minister's vision of making India an export powerhouse," said Amit Agarwal, SVP of India and Emerging Markets for Amazon, at the event.

Venture capital returns have puked this year. The next dangerous stage is investor outflows. Financial Times: Back in the halcyon days of ... early 2021, it looked like venture capital was the hottest game in town. Hedge funds were piling in. Even private equity firms were getting involved in early-stage company investing. Investors loved the combination of fat returns and the lack of volatility in private markets. But the VC cycle now looks like it has hit a sudden stop. Refinitiv's venture capital index, which uses the performance of individual VC portfolios and listed stocks to mimic the performance of the broader industry, tanked another 24.2 per cent in April, taking its 2022 loss to a comically bad 45.8 per cent (NB, the Nasdaq is "only" down 19.7 per cent YTD).

That is comfortably its worst monthly performance since worst of the dotcom bust two decades ago. Of course, a lot of venture capital funds are unlikely to be marking down their books to anywhere near these levels. Some may just be doing better than others (performance persistence is higher in VC than in any other investment industry), but the advantage of private market accounting and negotiated and infrequent funding rounds means that valuations and returns can be massaged a little. There might even be a bit of schadenfreude at the pain suffered by Tiger Global lately, which many venture capitalists saw as an annoyingly uppity interloper-dilettante in Silicon Valley. But the reality is that the bottom has dropped out of tech stock valuations lately -- both public and private -- and anyone who is not marking down their positions heavily might actually unnerve investors more than assuage them.

An anonymous reader shares a report: The realm of physics offers the exciting possibility of "wormholes" that could let us collapse space and time. But here on Earth, most of us are subject to more mundane realities -- including that the rich and powerful usually get what they want. Dick Merryman, a 79-year-old computer engineer, got a reminder of that last month when Jump Operations -- the holding company for crypto giant Jump Trading -- put the legal screws to him to obtain wormhole.com, a domain he has owned for years and that corresponds to an email he created for he and his wife. For Merryman, the domain reflects his fondness for astrophysicist Carl Sagan, whose 1985 novel "Contact" deployed a "wormhole" to let characters skip across light years. Merryman purchased the wormhole.com domain in 1994, creating a simple placeholder website that displays a cosmic picture.

For Jump, however, "wormhole" has a very different significance. It is the name of a crypto platform that creates "bridges" between popular blockchains such as Solana and Ethereum, and in which Jump has a very significant investment. While Jump is currently using the wormholenetwork.com to host Wormhole-related content, it has coveted the shorter name owned by Merryman, and began trying to acquire it last year. In June of 2021, someone at Jump used a third-party domain broker to approach Merryman and offer $2,500 for the name. The latter rebuffed the request, saying -- perhaps in jest -- that the price was a "firm US$50000." To Merryman's surprise, Jump promptly accepted the offer -- an acceptance that Merryman proceeded to ignore. After being badgered by the broker, he made his feelings clear a few weeks later. Jump then pulled out the big guns. The company's lawyers warned Merryman he was in breach of contract and that he had to honor the message saying he would sell for $50,000.

Microsoft Edge has overtaken Apple's Safari to become the world's second most popular desktop browser, based on data provided by web analytics service StatCounter. MacRumors reports: According to the data, Microsoft Edge is now used on 10.07 percent of desktop computers worldwide, 0.46 percent ahead of Safari, which stands at 9.61 percent. Google Chrome remains in first place with a dominant 66.64 percent share, and Mozilla's Firefox stands in fourth with 7.86 percent. As the default Windows 11 browser, the popularity of Edge has crept up in recent months, with the first concrete signs that it would surpass Safari to take second place coming in February, when it was used on 9.54 percent of desktops globally. Back in January 2021, Safari held a 10.38 percent market share, indicating a gradual slippage in popularity over the last 14 months.

Meanwhile, first-placed Chrome has seen its user base increase incrementally over that time, but perhaps surprisingly, Firefox has leaked users since the beginning of the year, despite regular updates and improvements. That suggests Safari's hold on third place isn't in immediate danger, having lost only 0.23 percent share since February, but things could always change fast if Apple decides to introduce sweeping changes to the way Safari works in macOS 13 later this year. It's a different story when it comes to mobile platforms, notes MacRumors. "In StatCounter's analysis, Edge doesn't even make it into the top six browsers on mobile, but first-placed Chrome commands 62.87 of usage share, with Safari on iPhones and iPads taking a comfortable 25.35 percent in second place, 20.65 percent ahead of third-placed Samsung Internet, with 4.9 percent."

Andy Maxwell, reporting for TorrentFreak: In response to Russia's invasion of Ukraine, several Hollywood studios announced the immediate suspension of new releases in Russia. Unexpectedly, some Russian theaters are still able to show movies such as The Batman on the big screen but this isn't down to the studios. The movies are sourced from illegal torrent sites and few seem afraid to admit it.

Elon Musk likened Apple and its App Store to the equivalent of a "30% tax on the Internet" and said the fee is "10 times higher than it should be," in a series of tweets responding to a Slashdot tweet about the European Union's latest antitrust complaint against the tech giant .

A group of Apple employees have written an open letter to the company's executive team complaining about its new policy that only allows for two days of working from home, iMore has reported. From a report: They said that Apple's reasons for implementing the policy don't stand up, and that the policy is wasteful, inflexible and will lead to a "younger, whiter, more male-dominated, more neuro-normative, more able-bodied" workforce. "You have characterized the decision for the Hybrid Working Pilot as being about combining the "need to commune in-person" and the value of flexible work," the letter states. "But in reality, it does not recognize flexible work and is only driven by fear. Fear of the future of work, fear of worker autonomy, fear of losing control."

The Centers for Disease Control and Prevention (CDC) bought access to location data harvested from tens of millions of phones in the United States to perform analysis of compliance with curfews, track patterns of people visiting K-12 schools, and specifically monitor the effectiveness of policy in the Navajo Nation, according to CDC documents obtained by Motherboard. From a report: The documents also show that although the CDC used COVID-19 as a reason to buy access to the data more quickly, it intended to use it for more general CDC purposes. Location data is information on a device's location sourced from the phone, which can then show where a person lives, works, and where they went.

The sort of data the CDC bought was aggregated -- meaning it was designed to follow trends that emerge from the movements of groups of people -- but researchers have repeatedly raised concerns with how location data can be deanonymized and used to track specific people. The documents reveal the expansive plan the CDC had last year to use location data from a highly controversial data broker. SafeGraph, the company the CDC paid $420,000 for access to one year of data to, includes Peter Thiel and the former head of Saudi intelligence among its investors. Google banned the company from the Play Store in June.

vm shares the blogpost of Mozilla releasing Firefox 100, and outlines some of thoughts: Out of the ashes of Netscape/AOL, Firebird rose as a promising new browser. A significant name change and a hundred releases later, Firefox 100 is still the underdog that keeps on fighting. With my mounting annoyance at all the Google services underpinning Chrome, I've since discovered and used Ungoogled Chromium, Waterfox, LibreWolf, and a handful of other lesser known spins on Chrome or Firefox. On mobile, Brave really does the best job at ad blocking whether you're on iOS or Android but the Mozilla Foundations is probably still the largest dev group fighting the good fight when it comes to both privacy and security enhancements.That's not to say that the Chromium team isn't security savvy -- I only wish they were just a little less Google. Anyhow, tell us about your favorite browser in the comments and have a look at Mozilla's latest release while you're at it.

UnknowingFool writes: In October 2021, PC World reviewed Windows 11 and labeled it as an "unnecessary replacement" to Windows 10 and did not recommend it for Windows 10 users. PC World noted that it was a "mixed bag of improved features and unnecessary changes." Six months later they reviewed it again. While MS has made improvements, PC World does not feel the improvements warrant a recommendation for Windows 10 users to upgrade.

A new espionage actor is breaching corporate networks to steal emails from employees involved in big financial transactions like mergers and acquisitions. From a report: Mandiant researchers, which first discovered the advanced persistent threat (APT) group in December 2019 and now tracks it as "UNC3524," says that while the group's corporate targets hint at financial motivation, its longer-than-average dwell time in a victim's environment suggests an intelligence gathering mandate. In some cases, UNC3524 remained undetected in victims' environments for as long as 18 months, versus an average dwell time of 21 days in 2021.

Mandiant credits the group's success at achieving such a long dwell time to its unique approach to its use of a novel backdoor -- tracked as "QuietExit" -- on network appliances that do not support antivirus or endpoint detection, such as storage arrays, load balancers and wireless access point controllers. The QuietExit backdoor's command-and-control servers are part of a botnet built by compromising D-Link and LifeSize conference room camera systems, according to Mandiant, which said the compromised devices were likely breached due to the use of default credentials, rather than an exploit.

An anonymous reader quotes a report from The Verge: Russian troops stole almost $5 million worth of farm equipment from a John Deere dealer in the occupied city of Melitopol, Ukraine, only to discover that the machines have been shut down remotely, making them inoperable, according to a report from CNN. Some of the equipment, which comes with a remote locking feature and a built-in GPS, was tracked over 700 miles away in the Zakhan Yurt village of Chechnya.

A source close to the situation told CNN that Russian troops gradually began taking machinery away from the dealer following their occupation of Melitopol in March. It reportedly started with two combine harvesters worth $300,000 each, a tractor, and a seeder, until troops hauled away all 27 pieces of equipment. Some of the equipment went to Chechnya, while others reportedly landed in a nearby village. "When the invaders drove the stolen harvesters to Chechnya, they realized that they could not even turn them on, because the harvesters were locked remotely," CNN's source told the outlet. Although the pieces of equipment were remotely disabled, CNN's source says that Russian troops may be trying to find a way around the block, as they're in contact with "consultants in Russia who are trying to bypass the protection."

The Biden administration plans to begin a $3.1 billion effort on Monday to spur the domestic production of advanced batteries, which are essential to its plan to speed the adoption of electric vehicles and renewable energy. The New York Times reports: President Biden has prodded automakers to churn out electric vehicles and utilities to switch to solar, wind and other clean energy, saying the transitions are critical to eliminating the pollution that is dangerously heating the planet. In the wake of surging energy prices caused largely by Russia's invasion of Ukraine, administration officials also have described the transition to clean energy as a way to insulate consumers from the fluctuation of global oil markets and achieve true energy independence. Jennifer Granholm, the energy secretary, last week called renewable energy "the greatest peace plan this world will ever know." Yet currently, lithium, cobalt and other minerals needed for electric car batteries and energy storage are processed primarily in Asia. China alone controls nearly 80 percent of the world's processing and refining of those critical minerals.

Ms. Granholm plans to announce the funding plan on Monday during a visit to Detroit, a senior administration official said. The $3.1 billion in grants, along with a separate $60 million program for battery recycling, is an effort to "reduce our reliance on competing nations like China that have an advantage over the global supply chain," according to a Department of Energy statement. The funding is aimed at companies that can create new, retrofitted or expanded processing facilities as well as battery recycling programs, officials with the Department of Energy said. The grants will be funded through the $1 trillion infrastructure law, which includes more than $7 billion to improve the domestic battery supply chain.

Venkat Srinivasan, director of the Argonne Collaborative Center for Energy Storage Science at Argonne National Laboratory, told the panel that the United States "can become a dominant force in energy storage technology" and has a "once-in-a-lifetime opportunity to seize the moment." Between electric vehicles and grid storage, the market for lithium-ion batteries in the United States is expected to increase by a factor of 20 to 30 in the next decade but a secure domestic supply chain is needed, Dr. Srinivasan said. The Biden administration wants half of all new vehicles sold in the United States to be electric by 2030. The president also has issued procurement guidelines to transform the 600,000-vehicle federal fleet, so that all new cars and trucks purchased by the federal government by 2035 are zero-emission.

Alphabet's Google will provide any U.S. business over $100,000 worth of online courses in data analytics, design and other tech skills for their workers free of charge, the search company said on Monday. Reuters reports: The offer marks a big expansion of Google's Career Certificates, a program the company launched in 2018 to help people globally boost their resumes by learning new tools at their own pace. Over 70,000 people in the United States and 205,000 globally have earned at least one certificate, and 75% receive a benefit such as a new job or higher pay within six months, according to Google.

The courses, designed by Google and sold through online education service Coursera, each typically cost students about $39 a month and take three to six months to finish. Google will now cover costs for up to 500 workers at any U.S. business, and it valued the grants at $100,000 because people usually take up to six months to finish. Lisa Gevelber, founder of Grow with Google, the company unit overseeing certificates, said course completion rates are higher when people pay out of pocket but that the new offer was still worthwhile if it could help some businesses gain digital savvy. Certificates also are available in IT support, project management, e-commerce and digital marketing. They cover popular software in each of the fields, including Google advertising services.

An anonymous reader quotes a report from Reuters: Spanish authorities have detected "Pegasus" spyware in the mobile phones of Prime Minister Pedro Sanchez and Defense Minister Margarita Robles, the government minister for the presidency, Felix Bolanos, said on Monday. Bolanos told a news conference Sanchez's phone was infected in May 2021 and at least one data leak occurred then. He did not say who could have been spying on the premier or whether foreign or Spanish groups were suspected of being behind it.

"The interventions were illicit and external. External means carried out by non-official bodies and without state authorization," he said, adding that the infections had been reported to the justice ministry, and the High Court would be in charge of the case. [...] The European Union's data watchdog has called for a ban on Pegasus over allegations it has been abused by client governments to spy on rights activists, journalists and politicians.