Graphics

Adobe Adds Its AI Assistant To Premiere, Illustrator and InDesign 24

Adobe is expanding its Firefly AI assistant into Premiere, Illustrator, InDesign, and Frame.io, where it can automate all sorts of tasks such as organizing clips, renaming assets, adding interview markers, rearranging layers, and finding missing fonts. It's available starting today as part of a public beta. TechCrunch reports: Adobe is slowly transforming Firefly to increasingly resemble Canva, at least when it comes to AI features, loading up the app with AI tools that can generate images, videos and storyboards. The company is now adding a new feature called Elements that can save AI-generated characters, objects and locations for later use.

Firefly is also getting a Projects feature that can store existing assets in one place, and share context. This could be useful for teams creating a video series or brand campaigns. Both of these features are currently available in a private beta.

The company said users can now describe a brand and its style, or upload existing collateral, in Firefly to have it generate a brand kit, complete with logos, brand identity and color palettes, or even generate product videos from photos. Users can also create storyboards to create videos.
IOS

Apple Announces Major App Store Changes on iOS in Brazil (macrumors.com) 10

Apple is allowing iPhone developers in Brazil to distribute apps through authorized alternative marketplaces and use third-party payment systems following action by the country's competition regulator. "In other words, developers in Brazil will be able to circumvent the App Store and Apple's in-app purchase system, but there are still fees," reports MacRumors. Apple will collect commissions ranging from 5% on externally distributed apps to as much as 26% for some App Store transactions using its payment system. From the report: Alternative app marketplaces will have to be authorized by Apple and will need to meet ongoing requirements. For apps that are still distributed through the App Store, developers will be able to include an alternative payment processing method in their app and/or link users to a website to complete a transaction. These changes are available on iOS 26.5 and later, and they are the result of regulatory action from Brazil's competition regulator. Apple has added a new page on its website with additional details for developers in Brazil.

Apple said these changes introduce privacy and security risks for users, including children. The company has introduced safeguards to mitigate these risks, including a notarization process for iOS apps, an authorization process for app marketplaces, and limitations on external links and alternative payments for users under the age of 18. Apple has already allowed alternative app stores and/or third-party payment systems on iOS in the EU, Japan, and South Korea, and it will likely be forced to do so in the UK and Australia too, due to similar regulations in those countries.

Android

Android 17 Drops For Pixel Phones and Watch (phonearena.com) 27

Google has begun rolling out Android 17, the June Pixel Feature Drop, and Wear OS 7 simultaneously across supported Pixel phones and watches. Highlights include floating app bubbles, improved foldable multitasking and gaming, tighter location and contact permissions, stronger lost-device protections, new Pixel AI tools, and up to 10% better Pixel Watch battery life. PhoneArena reports: Pixel owners are the clear winners, since everything here reaches Pixel first and a lot of it goes back to the Pixel 6. Fold owners get the most toys, with the Bubble Bar and foldable gaming mode built for the big screen. Watch wearers get the quietly important upgrade. Better battery and Live Updates make an everyday wearable easier to rely on, especially if you keep it on overnight. Google's latest Pixel Drop combines several AI-powered tools with a broader slate of Android 17 upgrades. Pixel owners gain Lyria 3 for generating music from text or images, Gemini Omni for creating custom video clips, enhanced call translation and screening, AirDrop-compatible Quick Share, expanded Magic Cue support, and conversational photo editing.

Android 17 builds on those additions with floating app Bubbles, selfie-camera Screen Reactions, and a split-screen gaming mode for foldables, while also strengthening privacy and security with more granular location and contact permissions, improved lost-device protection, tighter PIN-guessing limits, and enhanced threat detection.

Other additions include expanded parental controls, separate assistant volume and app memory settings, and an option to hide app names for greater privacy.

You can read more about everything new in Android 17 in Google's blog post.
Bug

Google Told Researcher 'Nice Catch!' Then Denied Bug Bounty For Flaw It Still Hasn't Fixed (theregister.com) 38

Security researcher Justin O'Leary says Google initially accepted his Config Connector privilege-escalation report as a high-priority, high-severity bug, then denied a bounty by declaring the behavior "working as intended." According to The Register, a Google rep initially praised O'Leary's report with a "Nice catch!" before the cloud giant reversed course, declaring that no vulnerability existed and therefore no fix or reward was warranted. "The bug report, however, is still marked high-priority and accepted," the publication notes. The alleged flaw, dubbed ConfigConfusion, could let a Kubernetes namespace user exploit an overprivileged service account to become a GCP organization owner with only a few lines of YAML and little apparent audit visibility. O'Leary details the incident in a blog post. The Register reports: According to O'Leary, Config Connector doesn't perform an authorization check, and this allows any Config Connector service account with org-level permissions to bypass Identity and Access Management (IAM) authorization and gain the highest level of control (roles/owner) to an entire GCP Organization -- the root node of all of a company's resources within Google Cloud. On March 27, a Google security engineer accepted O'Leary's report and told him: "Nice catch!" The employee said that they filed a bug based on O'Leary's report with the relevant product team and assured him the Chocolate Factory's security squad would work with relevant Google Cloud people to fix the flaw. "We'll work with the product team to ensure this issue is address. We'll let you know when the issue was fixed," the engineer said. "In the meantime, review the payment option selected in your bughunters.google.com profile."

Google assigned the bug P1 priority and S1 severity, signifying a flaw worthy of urgent repair because it affects a large percentage of users and can disrupt core organizational functions. "I figured that was the end of that," O'Leary said in a phone interview with The Register. Eleven days later, on April 7, he received a new message from a Google Security Bot reversing the earlier decision. The Reg viewed the email, and O'Leary included a screenshot in his Thursday writeup. The message said that the Cloud Vulnerability Reward Program panel decided that the "security impact of this issue does not meet the criteria to qualify for a reward."

After reviewing the bug report, Google determined the software "is working as intended," the message continued. It also noted that the program's decision not to pay a bounty "does not mean that the product team won't fix the issue." Nearly three months later, the case remains P1/S1 with the status "in progress (accepted)." Google hasn't assigned a CVE or issued a fix. O'Leary didn't receive any reward for his research. [...] "This is a pattern," O'Leary told [The Register]. "This is just how these trillion-dollar companies deal with people like me. In my day job, we use GKE, and it's incredibly frustrating on my end, when I find a critical vulnerability in the system that's being widely used, and I can't even get the vendor to patch their own stuff."
A Google spokesperson told The Register: "The issue reported does not qualify for a reward because the GCP IAM authorization bypass is only exploitable if an attacker has access to a Config Connector Service Account that's been granted the Organization Admin role by the organization (i.e., it is privileged). Additionally, an attacker would first need to gain entry to an organization's environment (e.g., an exposed container) in order to leverage the privileged Config Connector instance and execute commands with administrative authority, such as the IAM bypass. Granting this level of access to the Config Connector Service Account goes against Google Cloud's publicly shared best practices and the principle of least privilege."
Movies

Brian Johnson, Special Effects Artist Behind 'Space: 1999,' Dies At 86 (gerryanderson.com) 52

Special-effects designer Brian Johnson, known for his groundbreaking work on Space: 1999, The Empire Strikes Back, Alien, and Aliens, has died at the age of 86. Johnson began his career creating models and explosions for Gerry and Sylvia Anderson productions, later designed the iconic Eagle Transporter, and became one of science fiction cinema's most influential behind-the-scenes artists. Longtime Slashdot reader sandbagger remembers the SFX legend, writing: "The Space: 1999 Eagle is one of the great space ships of science fiction."
China

China's EV Price War Was Built On Cars Sold At a Loss (autoblog.com) 231

Longtime Slashdot reader schwit1 shares a report from Autoblog: For years, the Chinese auto industry has employed a hostile price war to kneecap global competitors. Armed with massive state subsidies, cheap raw materials, and an aggressive "scale-first" business model, Chinese automakers flooded the market with electric vehicles priced so low that legacy manufacturers stood no chance to compete. How did they do it? Simple, they couldn't. They did it anyway. Reports from CarNewsChina show that Chinese automakers have been selling vehicles at a loss until a recent law passed by the Chinese government banned below-cost sales of new vehicles. During the ongoing sales slump in China caused by rolled-back subsidies and direct government intervention banning below-cost sales, the truth behind the rapid expansion of the Chinese auto industry has been exposed. "By the first quarter of 2026, China captured 32 percent of the global auto market, with its New Energy Vehicles (NEVs) controlling an incredible 61 percent of global share," the report notes. Yet that dominance has come at a steep cost: throughout 2025, "the profit margin for China's auto industry plunged to 4.4 percent and dropped further to a historic low of 3.2 percent in early 2026."

"Gross profit, not net profit, per vehicle, plummeted to a mere $2,000. We can expect the net figure to be loss-making." Autoblog adds: "Data shows over 70 percent of Chinese car sales were loss-making. This left more than half of the country's auto industry in the red. Great Wall Motor (GWM) even saw net profits drop 17 percent despite steady revenue growth."

China's EV price war has now hit a wall. New regulations are discouraging below-cost sales, rising material costs are forcing automakers to cut discounts and raise prices, and reduced tax incentives are weakening domestic demand. To sustain growth, manufacturers are increasingly turning to exports.
Businesses

Carvana Is Turning Dealerships Into 'Playgrounds,' Test-Drive Centers With Sales All Online (cnbc.com) 39

Carvana is testing a radically different new-car dealership model in Dallas, turning the location into a test-drive center and themed "playground" while requiring every purchase to be completed through its online platform. "Every single car that we sell, whether it's used or new, is online," said Tom Taira, Carvana president of special projects who's leading the new vehicle operations. "That's a very inherent difference. Even coming into the store, you're buying it online, and that's a big difference in how people think about it." The company hopes its no-haggle pricing, hourly employees, service operations, and national logistics network can reshape franchised auto retail. CNBC reports: Through its used vehicles sales, Carvana has become the most valuable auto retailer in the U.S. with a more than $70 billion market cap. Carvana's target with the new vehicle business is to grow its market share and customer base as well as assist used vehicle sales through trade-ins and other means, according to Taira. If the company is successful, the strategy could cause a ripple effect across the U.S. franchised dealership model, which the National Automobile Dealers Association reports includes 16,990 retailers that topped $1.3 trillion in sales last year.

[...] Carvana is using a location in Dallas as a test center for its foray into new vehicle sales. The facility looks like a traditional Stellantis dealership from the outside, but the consumer process for purchasing a vehicle and the responsibilities of its employees are unprecedented. Couches and chairs replace cubicles and sales offices. There are no finance and insurance departments, and instead of an army of commission-based employees, the facility has associates that are paid hourly to assist customers -- if they want the help.

The experience is meant to be as self-guided as a customer wants. By scanning QR codes located on 10-foot-by-10-foot screens inside the building or on vehicles and displays outside, shoppers can customize a vehicle, learn about a product's features and conduct test drives before deciding whether to purchase anything. If they do decide to buy something, it's online and not originated from a sales person, the company said.

The "playground" has roughly 50 vehicles divided by brand, with each having a theme. Jeep has an off-road display. Dodge has race tracks, including a Carvana-themed Charger pace car and part of a traditional track fence barrier. Chrysler minivans, meanwhile, have a soccer net and Ram's area is truck-centric. Carvana is not committing to expanding the exact experience to its other franchised dealer locations, but Taira told CNBC that the overall process of online sales, vehicle testing and service are expected to be consistent throughout the locations.
Further reading:: Online Car Retailer Launching Nation's First Car "Vending Machine
Virtualization

HPE Tempts VMware Users, Partners With Year of Free Virtualization Software (arstechnica.com) 25

An anonymous reader quotes a report from Ars Technica: Hewlett Packard Enterprise's (HPE) new virtualization software promotion will likely pique the interest of end users and resellers who are unhappy with Broadcom's pricing of VMware. During its HPE Discover event in Las Vegas this week, HPE announced that customers could use its "HPE Morpheus Software -- VM Essentials" offering for free for "up to one year," per a press release. HPE's website describes its virtualization platform as a "VMware alternative." It includes a hardware virtual machine (HVM) hypervisor and unified management and lets users "manage VMware ESXi and HVM clusters from one console and migrate when you're ready," HPE's website says. "New VM Essentials customers can receive up to one free year of licenses for VM Essentials, a year of HPE Zerto for $1 to support non-disruptive migration to HPE virtual machines, and 0 percent interest on software through HPE Financial Services," HPE's announcement reads, referring to HPE's group for helping IT teams manage funding.

Free for a year is cheaper than what Broadcom has charged for VMware vSphere since taking over. VMware prices have skyrocketed due to VMware's parent company eliminating perpetual licenses and bundling products into expensive packages. Notably, per its website, HPE recommends charging $600 per CPU socket per year for VM Essentials; Broadcom has controversially shifted vSphere licensing pricing to a per-core basis. "Customers are feeling quite a bit of pain in the change that some of the virtualization companies have put there, specifically Broadcom," Jeremiah Jenson, VP of HPE's North American channel and partner ecosystem, told CRN. The executive claimed that VM Essentials could bring up to 90 percent cost savings compared to VMware while also helping to "eliminate vendor lock-in and simplify hybrid IT."

From March 1 to June 30, HPE has also been offering a free year of VM Essentials via rebate to customers who buy an AMD server and a one-year VM Essentials license. VM Essentials is only available through channel partners, a stark contrast from Broadcom's VMware approach, where the chip giant has drastically reduced the number of resellers that can sell VMware products. HPE's new promotion aims to entice customers to more deeply consider migrating off VMware. [...] HPE also announced that it would give 600 reseller partners who earn the HPE partner program's Private Cloud with Virtualization competency by the end of the year free VM Essentials software licenses for three years. Partners still have to pay support costs, though.
The benefit is "a step in the correct direction," said Dean Colpitts, CTO of Canadian managed services provider (MSP) Members IT Group (MITG), which VMware cut from its reseller program after 19 years of partnership a year ago. However, limiting the promotion to 600 partners is "very shortsighted." He believes that HPE should give all of its partners VM Essentials "to facilitate getting [VM Essentials] into customer sites and displacing the competitors."

"They need to fling [VM Essentials] as far and as fast as they possibly [can] to immediately gain traction and draw ISVs to them, which will increase adoption even more," he said.
Cellphones

Commodore's Callback 8020 Is a $499 Flip Phone That Blocks Social Media and Browsers (techspot.com) 124

Commodore has unveiled the Callback 8020, a $499 Sailfish OS flip phone that runs most Android apps but deliberately blocks social media, browsers, email, and workplace apps to discourage doomscrolling. The "not dumb dumbphone" still supports messaging, music, maps, ridesharing, hotspots, a removable battery, and plenty of Commodore nostalgia. "The phone uses T9-style texting with predictive input, includes Commodore SID ringtones, ships with a selection of Commodore and Sailfish games, and even includes Snake," reports TechSpot. From the report: Commodore says it has developed patent-pending technology that prevents browsers and social media apps from being sideloaded, while DNS-level blocking should stop them from working even if someone finds a way to install them. Users can still sideload nearly anything else if it's not available on the Commostore, but apps designed for doomscrolling remain off limits. That means useful services such as WhatsApp, SMS, Signal, Telegram, WeChat, Spotify, Uber, Lyft, maps, podcasts, QR scanning, voice notes, and hotspot support work, but the likes of Instagram, TikTok, Facebook, Gmail, and browsers do not.

The Callback 8020 has a 3.25-inch 480 x 640 internal display, a MediaTek Helio G81 chip, 4GB of RAM, 64GB of storage, a 48MP Sony rear camera, an autofocus front camera, dual SIM support, USB-C, a headphone jack, FM radio, and something many of us miss from flagships: a removable battery. There's no 5G as Commodore argues that 4G VoLTE and Wi-Fi better fit a device meant to discourage constant streaming and scrolling. [...] The main screen is touch-capable but disabled by default, while the outer display keeps things deliberately sparse, showing basics such as time, battery, signal, and notifications via dome LEDs.

The 8020 name is a nod to Commodore's 8010 modem from 1980. The phone comes in ProtoPET White, SX Silver, BASIC Beige, a translucent Starlight Edition, and a gold Founders Edition with a 24-karat gold-plated Commodore button. Standard models start at $499, the Starlight version is $549.99, and the Founders Edition costs $640. Preorders open June 30, with shipping targeted for winter.
You can watch the launch ad on YouTube.
Transportation

Mobileye Is Entering the US Robotaxi Market With Standalone Service (arstechnica.com) 11

An anonymous reader quotes a report from Ars Technica: The driving technology company Mobileye plans to launch a robotaxi service in an as-yet-unnamed US city in 2027, it said earlier today. The service will be vertically integrated, using Mobileye's Moovit mobility platform to interact with customers booking rides, coordinate drivers, and so on. The Israeli company, which was bought by Intel in 2017 before going public again in 2022, says it will start with around 100 robotaxis early next year. The company first rose to prominence in the mid-2010s, when Tesla began using Mobileye's advanced driving assistance systems (ADAS) as part of Autopilot. That relationship lasted until 2016, when Mobileye dropped Tesla as a customer after being alarmed that a driver assistance system was being sold to end users as driverless technology. Since then, Mobileye has continued to work with other partners on ADAS and autonomous vehicles.

It has developed a new "SuperVision" ADAS that combines cameras and radar sensors, used by Porsche and Polestar, among others. On the robotaxi front, it has partnered with Volkswagen Group's MOIA to develop a commercially available robotaxi based on the VW ID. Buzz minivan, and last year, Mobileye revealed plans to work with Lyft to deploy robotaxis in Dallas, "as soon as" this year. [...] If Mobileye's experience with the initial 100 robotaxis goes well, it says it will scale up to around 17,000 robotaxis within the following five years. "The robotaxi revolution has only just begun, and its potential for transforming how we travel around the world continues to increase," Shashua said.
"This initiative is not a replacement for our existing partnerships; it is an extension of them," said Amnon Shashua, founder and CEO of Mobileye. "We remain deeply committed to enabling automakers and mobility providers with Mobileye Drive. At the same time, operating our own service allows us to accelerate adoption, gain direct operational experience, and showcase the full potential of autonomous mobility."
Social Networks

Snap's First Consumer AI Glasses Are Coming This Fall For $2,195 (theverge.com) 39

Snap is launching its first consumer augmented-reality glasses this fall for $2,195. "You can preorder a pair of Specs now at specs.com with a $200 refundable deposit, and Snap says they're expected to ship 'this fall' in the US, UK, and France," reports The Verge. From the report: This is a big moment for Snap: The company made a big entry into smart glasses with its original Spectacles in 2016, and the company has been toiling away on nonpublic AR versions of Spectacles over the past few years. CEO Evan Spiegel promised the company would launch consumer AR glasses in 2026 and even turned its smart glasses team into a separate business. The company says that Specs are "fully standalone, with no puck and no tether." (Which is perhaps a jab at Apple's Vision Pro, which is tethered to a separate battery pack.) They'll be offered in two sizes, a 47mm model weighing 132g and a 52mm model weighing 136g, and will have removable inserts that Snap says will support "a wide range of prescriptions."

You probably won't mistake Specs, with their wide, bold frames, for any of Meta's smart glasses -- Snap clearly picked a design that it wants to stand out. (They're not my style -- I don't think I can pull off the "snow goggles, but fashionable" look -- though maybe Jony Ive might like them.) They have visible light and infrared cameras, and while the Specs are recording, a little LED bar will glow in the middle of the glasses. Both of the lenses will be able to show you content, and Snap says that its display system is powered by a "proprietary liquid crystal on silicon technology" that offers a 51-degree field of view and can show 16 million colors. The lenses can also go from clear to tinted in 10 seconds, Snap says.

The Specs have two Snapdragon processors onboard, and while Snap isn't specifying exactly which ones they are, the company says that one is focused on "computer vision" while the other is focused on running AR Lenses. "Together, they enable fast hand tracking, low latency, and responsive interactions that help digital content feel anchored in the real world," Snap says. You can also expect up to four hours of battery life on a charge, which Snap says accounts for things like "audio and video playback, AI assistance, Bluetooth notifications, and more." The Specs come with a charging case that Snap says will offer four more charges for a total of 20 hours of battery.

Firefox

Firefox 152 Adds JPEG XL Support, Redesigned Settings (linuxiac.com) 30

An anonymous reader quotes a report from Linuxiac: Mozilla has released Firefox 152, the latest update to its popular open-source web browser, with updated settings, improved media controls, experimental JPEG XL support, and various platform-specific fixes for desktop and Android. A key update is the redesigned Firefox Settings page, which now features clearer groupings, improved navigation, and a more streamlined structure for easier customization. The release also expands built-in spellchecker support, adding dictionaries for Croatian, English (UK), Georgian, Persian, Slovenian, Tajik, Tamil, Tibetan, Turkish, Welsh, and Xhosa. [...] Importantly, Firefox now offers experimental support for JPEG XL, an image format with improved compression over WebP, JPEG, PNG, and GIF. Users can enable JPEG XL in the Firefox Labs panel within Settings.
Chrome

Google Chrome's Next Update Will Mark the End of Popular Ad Blockers (9to5google.com) 161

Google is removing Chrome's last remaining workarounds for Manifest V2 extensions, effectively ending support for legacy ad blockers such as the original uBlock Origin. 9to5Google reports: CyberNews points out a Chromium commit that removes support for the "kExtensionManifestV2Disabled" flag, which is referred to as "dead code" seeing as Chrome no longer supports Manifest V2 extensions. This removal acts as the final stop for many Manifest V2-based ad blocker extensions that were still in use today -- the flag was effectively a loophole to continue using these extensions.

A Googler on the commit explains: "MV2 extensions are no longer allowed in any supported version of Chrome, and we are removing support for them and the associated functionality. We won't be able to provide / maintain this functionality indefinitely due to the complexity and tech debt, as well as the security risks it entails (we've actually found a number of bugs that are specific to MV2 lately). Of course, other browsers can continue supporting these if they so desire."

This will also impact other Chromium-based browsers, though the comment notes that "other browsers can continue supporting these if they so desire." Neowin points out that Microsoft Edge and Opera are likely to follow suit. Chrome 150, set to be released later this month, will remove this flag, while other leftover bits of Manifest V2 will be removed in the v151 release.

Social Networks

Britain Unveils Sweeping Ban On Social Media For Under-16s (nbcnews.com) 147

Longtime Slashdot reader schwit1 shares a report from NBC News: British Prime Minister Keir Starmer has announced a sweeping ban on social media use for those under 16, joining other countries around the world seeking to protect children online. "It's a big step for our country," Starmer said in a recorded video message released Monday. "Social media is making our children unhappy and unsafe, and as a parent, as much as a Prime Minister, I just can't let that go on anymore," he added.

The ban will include social platforms like Snapchat, TikTok, YouTube, Instagram, Facebook and X, while there is no intention for messaging services like WhatsApp and Signal to be included, the government said in a release. [...] Starmer's government called Monday's announcement a "landmark" move, saying the new measures would be brought to Parliament before Christmas, with protections expected to come into force next spring. Beyond the blanket social media ban, the restrictions will also include blocks on functions such as livestreaming and stranger communication with children for under-16s, it added.
"It's not an easy thing to do. I'll be honest about that," Starmer said. "We haven't rushed into it. We've looked carefully at the evidence, and we'll have to adapt our approach as technology changes, learn from other countries which are taking similar steps."

He went on to say that it will face resistance from some of the most powerful companies in the world. "But we will take them on, and we will win, because the need for action could not be any clearer."
Education

Google CEO Largely Avoids Discussing AI In Stanford Commencement Speech (nerds.xyz) 37

BrianFagioli writes: Google CEO Sundar Pichai delivered Stanford University's 2026 commencement address, but despite leading one of the companies at the center of the AI boom, he spent very little time discussing artificial intelligence. Instead, the speech focused on optimism, working on hard things, and following your interests. The omission is notable given how many graduates are entering a job market being reshaped by AI. While Pichai briefly referenced a "rewiring of technology," he largely avoided discussing AI's impact on careers, automation, or the future of work. Was the Google CEO intentionally steering clear of a controversial topic, or was he simply trying to deliver a timeless commencement speech rather than a technology-focused one? Hyping AI during a commencement speech has been a surefire way to get boos -- unless you're Apple cofounder Steve Wozniak, who reminded college graduates that they already posses "AI" of their own: "actual intelligence."

You can read Pichai's commencement speech here.

"If you're not from here, California is advertised as being really lush and green. But when I looked out the window, it was more... brown," said Pichai during his speech. "I guess I said this out loud, I'm not sure why. My host, Mrs. Jane Earl, gently corrected me. 'We prefer to call it golden,' she said.And that's exactly what I mean by choosing optimism. It's about reframing for the positive: Where I saw brown, she saw golden. This slight change of perspective had a huge ripple effect on how I thought about the world around me."
Power

US-Iran Peace Agreement Prompts Stock Rally, Leaves Some Investors Skeptical and Questions on Speed of Resuming Oil Production (cnbc.com) 184

"Asian stocks rallied Monday while oil prices tumbled," reports CNBC, "after the U.S. and Iran agreed to a peace deal aimed at ending nearly four months of conflict..." The strongest reaction was seen in energy markets. U.S. crude oil futures for July delivery were down 4.77% to $80.83 per barrel by 8:27 p.m. ET. Brent futures, the international benchmark, for August delivery traded about 4% lower to $83.77 per barrel. Asian equities surged. South Korea's Kospi jumped 5.1%, Japan's Nikkei 225 climbed 3.6%, and the broader Topix advanced 2.6%... The U.S. dollar index weakened 0.32% to 99.483, while the yield on the benchmark 10-year Treasury note fell 5 basis points to 4.423%, suggesting that investors were dialing back inflation concerns on easing energy prices. "The most immediate implication is a repricing of the inflation risk premium that markets have been carrying since the Strait closed," said Billy Leung, investment strategist at Global X ETFs...

Besides safe-haven Treasurys, gold also rose. "Gold is the interesting outlier here," Leung said. "In a clean risk-on trade, gold should be selling off as the geopolitical premium unwinds, but it is holding bid around $4,300, which tells you the market is not fully trusting the deal yet." Spot gold prices were up almost 2% at $4,302.19 per ounce. That skepticism reflects lingering uncertainty around the agreement, which remains unsigned and subject to implementation risks. [Josh Gilbert, lead Asia Pacific analyst at trading platform eToro] cautioned that "the deal isn't actually signed until June 19th, the details are still thin, and this conflict has shown more than once that headlines can turn on a dime."

Analysts at Commonwealth Bank of Australia also stressed that the oil outlook hinges on how quickly shipping and production can normalize. Vivek Dhar, head of commodities and sustainability research at CBA, expects Brent to fall to around $80 a barrel by year-end, assuming the Strait remains open and exports recover. However, he warned that damage to refining infrastructure, the presence of sea mines and uncertainty over tanker traffic could slow the return to normal operations. Even so, he said markets are likely to take comfort from the prospect that oil flows need only recover to around 60%-70% of pre-war levels to restore expectations of a global supply surplus.

For investors, the biggest implication will likely be what cheaper energy means for inflation and central banks. Lower oil prices ease pressure on households and businesses while reducing the risk of a broader inflation resurgence just as major central banks enter a busy week of policy meetings.

UPDATE: "A US official is rejecting Iran's assertion that it will receive billions of dollars in frozen funds before a planned 60-day negotiating period begins following Friday's signing of an agreement," reports CNN: The pushback came after Iran's deputy foreign minister, Kazem Gharibabadi, said the next phase of talks would depend on Washington first fulfilling several obligations, including releasing Iranian funds frozen abroad. The differing accounts underscore a significant gap between how the United States and Iran are describing what must happen before the next round of negotiations can move forward.
Windows

Microsoft Updates Six Windows Apps. 'Photos' Gets Watermarks for Copilot Images (Off by Default) (neowin.net) 31

Microsoft dropped "massive" updates for six stock Windows apps, reports the "Microsoft enthusiast" site Neowin.

Here's some of their more interesting highlights for Clock, Media Player, Calculator, Voice Recorder, Photos, and Paint:

The Photos app (version 2026.11060.2004.0):
  • AI watermarking — "AI-generated or edited images can now carry a visible Copilot watermark. You choose Never, Always, or Ask Every Time in Settings, with a confirmation when saving. The watermarking is off by default in settings."

Calculator (version 11.2605.9.0):

  • More accurate square-root results. "Fixed rare cases where a calculation that should equal zero (like sqrt(2.25) — 1.5) returned a tiny leftover value instead...."
  • Reliable launch after upgrading. "Fixed an issue where upgrading from much older versions could leave outdated settings that stopped the app from opening..."

The Clock app (version 11.2605.9.0):

  • "Timers keep counting after they hit zero — When a timer runs out, it now keeps counting up (for example, -00:27:31) so you can see how far past the time you've gone..."
  • "Correct sun and moon icons during midnight sun — Fixed an icon that wrongly showed a moon during all-day daylight in polar regions... "
  • "No more double announcements — Screen readers no longer read the timer value twice."

Media Player (version 11.2605.14.0).

  • "Playlists need a name — You can no longer accidentally save a playlist with a blank name."

Cellphones

UK Scientists See Little Evidence for Claims Smartphones Are Rewiring Kids' Brains (theregister.com) 51

UK's Members of Parliament (MP) were "looking for proof that smartphones and social media are rotting children's brains," writes The Register — but they got "a less satisfying answer from neuroscientists on Wednesday: nobody can really prove it." Appearing before the Science, Innovation and Technology Committee this week, three researchers spent much of the session explaining that concern and evidence are not quite the same thing. Asked what evidence exists on the impact of digital devices on infants and young children, Professor Denis Mareschal, director of the Centre for Brain and Cognitive Development at Birkbeck, replied: "There is very little, if any, causal research in the early years. Almost everything is correlational."

MPs kept coming back to the question — and the experts kept coming back to the same answer. When questioned about social media's impact on adolescents, Professor Sarah-Jayne Blakemore of the University of Cambridge was equally cautious. "What evidence do we have of the impact of digital devices or social media on the adolescent brain?" she asked. "Almost nothing. There are a few small studies, but they haven't been replicated, and they're purely correlational...."

MPs also wanted to know whether neuroscience could settle one of the liveliest arguments in the debate: how old a child should be before they're allowed onto social media. "What neuroscience can't do is pinpoint a precise age," Blakemore said. "The individual differences in brain development are vast...." If there was a takeaway from the hearing, it was that concern about digital childhood is running well ahead of the evidence needed to settle the argument.

AI

Will Meta's $14 Billion Bet on AI Ever Pay Off? (cnbc.com) 65

"A year after spending over $14 billion to bring in Alexandr Wang and a group of his top Scale AI engineers to revamp its artificial intelligence efforts, Meta is at least back on the map in AI," reports CNBC, "though it's still far behind OpenAI, Anthropic and Google in the market." Wang's big accomplishment was the delivery of the Muse Spark AI model in April, marking Meta's first jump into proprietary foundation models and away from a strict adherence to open source, or open weight as it's more commonly called in AI... "Meta needs to provide more proof points of both adoption and commercialization," said Ralph Schackart, an analyst at William Blair who recommends buying the stock. "Investors are looking for Meta to monetize a new AI-first product, beyond the substantial positive impact AI is having on enhancing the advertising models." Wall Street, at least so far, is unimpressed. Meta's stock is down 18% over the past 12 months, the worst performer in the megacap group, along with Microsoft, which has its own challenges in AI. That's even after Meta reported 33% revenue growth in the first quarter, the fastest rate of expansion for any period since 2021.

For Meta, the problem started with what some industry experts called, in hindsight at least, a strategic blunder. The company jumped into AI with its Llama family of models, offering an open-source approach that allowed developers to freely tinker, while the other big model makers charged for access. In April of last year, Meta's release of Llama 4 fell flat, failing to captivate developers and leading Zuckerberg to reconsider his company's approach to AI development... Since the release of Muse Spark, Meta has unveiled new AI and business-related subscription plans as part of an effort to expand its business beyond online ads. Historically, it hasn't worked. Meta still counts on ads for 98% of revenue. Schackart said he wants to see "tangible evidence of a growing list of new, AI-first products created by Muse Spark, even if monetization lags." He said that's "what investors are looking for."

No matter how good Wang's model may be, Zuckerberg has a high hill to climb with developers coming off the Llama debacle. "I think the AI community largely ignores Meta at this point," said Rob May, CEO of the startup Neurometric, which works in the realm of token engineering.... Krish Subramanian, the CEO of consulting firm KOI AI and former product head at IBM Consulting, said developers are more excited about Google's AI models than what Meta is offering. The appeal of Llama was that it specifically targeted developers wanting open-weight alternative models, while with Muse Spark, Meta has made little effort in that direction, he said. "The lack of developer trust will come back to hit them if they don't focus on third-party developers," Subramanian said, noting that it took years for Microsoft to regain trust from open-source coders during the early days of Azure. "To just focus on a walled-garden kind of an ecosystem and ad revenue as the main source of income, they probably will never become the big player," he said.

A Meta spokesperson pointed to Wang's recent comments about the company's continued support for the open-source ecosystem, and said Meta still plans to offer outside developers access to Muse Spark's underlying technology via an API, as it previously announced. "We're already testing with some early partners, and look forward to releasing it this month," the spokesperson said.

"That Zuckerberg's metaverse and virtual reality ambitions have generated over $80 billion in total losses since late 2020 makes the AI pitch a tougher sell," the article points out, citing this observation from Howard Yu, business professor at Switzerland's International Institute for Management Development.

"He's running out of the space for his credibility to last," Yu said. "I think the virtual reality foray may have burned up a lot of his goodwill in front of investors."
Power

GM Updates 250,000 EVs with Vehicle-to-Grid Firmware, Announces Grid-Scale Sodium-Ion Batteries (fortune.com) 91

"Battery breakthroughs will lessen AI's demand on the electricity grid," argues The Washington Post's editoral board, arguing that GM's latest moves "offer a fresh reminder that resource constraints can be solved by innovation."

Or As Fortune put it, "America's electric grid is buckling under extreme weather, aging infrastructure, and an AI build-out that is quietly rewriting U.S. power demand — and General Motors wants to turn that crisis into a business." They describe GM's plan as offering itself "as a distributed utility in disguise... stitching together hundreds of thousands of battery-powered cars, new grid-scale storage, and a unified charging platform into what amounts to a virtual fleet of power plants." The bet puts GM on a collision course with Ford's newly branded Ford Energy unit as both Detroit rivals race to repurpose underused EV capacity for a more urgent problem: keeping the lights on in the AI era. GM's case rests on three planks. The first is its existing fleet. GM says more than 250,000 of its EVs on U.S. roads can already charge bidirectionally — pulling electricity from the grid and sending it back. "Every evening, a quiet transformation occurs across the American landscape," GM Energy vice president Wade Sheffer writes in an open letter to utilities and regulators, describing the EVs sitting in driveways as "a massive opportunity to aggregate energy storage capacity."

A firmware update is rolling out to customers with GM Energy's vehicle-to-home hardware, converting those systems into full vehicle-to-grid assets with no new hardware and turning home backup systems into grid resources when utilities need them. GM is piloting the idea in Michigan with DTE Energy at 30 employee homes, and has sketched a 2030 vision with Pacific Gas & Electric in which more than 52,000 GM EVs help balance the grid out of a projected 130,000 vehicles in the area.

GM is also "seeking partnerships with utility companies nationwide to assist in offering such vehicle-to-grid services for customers," reports CNBC, noting it's one of two moves "meant to address concerns about rising energy costs amid an artificial intelligence boom."

Forbes reports that GM's second goal "is to leapfrog the dominant battery cell tech used for energy storage packs right now" — right past the LFP (lithium-iron phosphate) stage, "which is dominated by China." Sodium batteries are cheaper to use than LFP because they don't need an additional cooling system. They also have a 20-year usable life and are made from materials that can be sourced from within the U.S., the company said at a briefing in San Francisco on Tuesday. "Sodium-ion actually is the better chemistry for that application. And when I say sodium-ion is better, I mean GM's version of sodium-ion," Kurt Kelty, GM's battery chief and a long-time Tesla battery executive, told Forbes. He said GM is seeing great results from its prototypes, even at scorching temperatures of 55 Celsius (131 Fahrenheit).
"Sodium-ion-powered energy storage systems have the potential to operate without active cooling and with much less system complexity," Kurt Kelty, GM's vice president of battery and sustainability, said Tuesday in a blog post. "In large energy storage systems, that matters." Not having to cool the battery cells could lead to lower upfront costs as well as operating costs, the automaker said.

TechCrunch reports on GM's big new partnership with energy-storage startup Peak Energy to develop GM's sodium-ion battery chemistry for grid-scale deployments: GM wouldn't share with TechCrunch how much money it is investing in this energy-storage effort. But we do know the company has committed $900 million to commercialize new battery chemistries, an investment that includes a new battery-development center. .. The first GM cells are expected to enter trial production at the company's Battery Cell Development Center in 2028.
"Our next-generation sodium-ion cell development will drive energy density higher," promises GM's blog post, arguing they're extending the company's battery expertise and technical infrastructure "into the electrical grid itself. If we get this right, we will not just build better batteries. We will help create a more resilient, more affordable and more flexible energy future... Every improvement we make strengthens the development stack that supports both EVs and energy storage."

"The message: GM isn't just selling cars into a stressed grid; it's supplying the batteries to stabilize it," argues Fortune.

And GM also announced they're augmenting their apps with an "Energy Pass" offering "seamless access to Tesla Supercharger, IONNA, Electrify America, and soon, ChargePoint and EVgo networks." Their goal is to simplify the charging experience with an app "that covers nearly 70% of all DC fast chargers in the United States, plus many Level 2 chargers, all through one app."

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