Wayve, a UK-based AI firm focused on developing self-driving car technology, has secured a record $1.05 billion in funding, with Microsoft and Nvidia participating in the round led by SoftBank. According to the BBC, this investment is the largest for an AI company in Europe. The BBC reports: Wayve says the funding will allow it to help build the autonomous cars of the future. [...] Wayve is developing technology intended to power future self-driving vehicles by using what it calls "embodied AI." Unlike AI models carrying out cognitive or generative tasks such as answering questions or creating pictures, this new technology interacts with and learns from real-world surroundings and environments. "[The investment] sends a crucial signal to the market of the strength of the UK's AI ecosystem, and we look forward to watching more AI companies here thrive and scale," said Wayve head Alex Kendall.

For the second time, the disgraced former CEO of Theranos has had her federal prison sentence shortened. In July, it was reduced by two years. Now, 40-year-old Holmes is scheduled for release on August 16, 2032 instead of December 29, 2032 -- a reduction of more than four months. The Guardian reports: People incarcerated in the U.S. can have their sentences shortened for good conduct and for completing rehabilitation programs, such as a substance abuse program. The latest reduction of Holmes's sentence still meets federal sentencing guidelines. Those guidelines mandate that people convicted of federal offenses must serve at least 85% of their sentence, regardless of reductions for good behavior.

In 2022, Holmes was sentenced to 11 years and three months in prison after being convicted on four counts of defrauding investors. She was also ordered to pay $452m in restitution to those she defrauded, but a judge delayed those payments due to Holmes's "limited financial resources." Holmes's lawyers have already begun attempts to get her conviction overturned. Oral arguments for her appeal are set to begin on June 11 in a federal appeals court in San Francisco, California, NBC News reported.

An anonymous reader quotes a report from Ars Technica: In a major shake-up of its chip roadmap, Apple has announced a new M4 processor for today's iPad Pro refresh, barely six months after releasing the first MacBook Pros with the M3 and not even two months after updating the MacBook Air with the M3. Apple says the M4 includes "up to" four high-performance CPU cores, six high-efficiency cores, and a 10-core GPU. Apple's high-level performance estimates say that the M4 has 50 percent faster CPU performance and four times as much graphics performance. Like the GPU in the M3, the M4 also supports hardware-accelerated ray-tracing to enable more advanced lighting effects in games and other apps. Due partly to its "second-generation" 3 nm manufacturing process, Apple says the M4 can match the performance of the M2 while using just half the power.

As with so much else in the tech industry right now, the M4 also has an AI focus; Apple says it's beefing up the 16-core Neural Engine (Apple's equivalent of the Neural Processing Unit that companies like Qualcomm, Intel, AMD, and Microsoft have been pushing lately). Apple says the M4 runs up to 38 trillion operations per second (TOPS), considerably ahead of Intel's Meteor Lake platform, though a bit short of the 45 TOPS that Qualcomm is promising with the Snapdragon X Elite and Plus series. The M3's Neural Engine is only capable of 18 TOPS, so that's a major step up for Apple's hardware. Apple's chips since 2017 have included some version of the Neural Engine, though to date, those have mostly been used to enhance and categorize photos, perform optical character recognition, enable offline dictation, and do other oddities. But it may be that Apple needs something faster for the kinds of on-device large language model-backed generative AI that it's expected to introduce in iOS and iPadOS 18 at WWDC next month. A separate report from the Wall Street Journal says Apple is developing a custom chip to run AI software in datacenters. "Apple's server chip will likely be focused on running AI models, also known as inference, rather than in training AI models, where Nvidia is dominant," reports Reuters.

Further reading: Apple Quietly Kills the Old-school iPad and Its Headphone Jack

The Pixel 8A is officially here. The 8A gets Google's latest processor, adds a bunch of new AI features, and still starts at $499 in the US. But the very best news is that the 8A adopts the Pixel 8 and 8 Pro's seven years of software support, which is just unheard of in a midrange phone. From a report: The 8A retains the same general shape and size as its predecessor. But its 6.1-inch screen gets a couple of significant updates: the top refresh rate is now 120Hz, up from 90Hz, and the panel gets up to 40 percent brighter, up to 2,000 nits in peak brightness mode. They're important upgrades, especially since the 8A's main competition in the US, the OnePlus 12R, comes with an excellent display.

It comes with the same generative AI photo and video features that made a splash on the Pixel 8 and 8 Pro, including Best Take, Magic Editor, and Audio Magic Eraser. Circle to Search is also available, and the 8A will be able to run Google's mobile-optimized on-device AI model, Gemini Nano. As on the Pixel 8, it'll be a developer option delivered via feature drop. Other specs are either unchanged or slightly boosted compared to the last generation. There's still 8GB of RAM and 128GB of storage, though there's now a 256GB option. Camera hardware is unchanged from the 7A, including a stabilized 64-megapixel main sensor. There's an IP67 rating, consistent with the 7A, and battery capacity is a little higher at 4,492mAh compared to 4,385mAh. Wireless charging is available via Qi 1.3 at up to 7.5W -- no Qi2 here.

Nintendo has said it will finally announce its Switch successor console "within this fiscal year," so at some point before March 31, 2025. From a report: In a statement published to X / Twitter, Shuntaro Furukawa, President of Nintendo, confirmed the new console as Nintendo published its financial report for the fiscal year ending March 31, 2024. Furukawa also confirmed a Nintendo Direct for this June, but said there will be no mention of the Switch successor during that presentation. Instead, it will focus on Switch games for the latter half of 2024.

An anonymous reader shares a report: The Federal Aviation Administration is investigating whether Boeing failed to complete required inspections on 787 Dreamliner planes and whether Boeing employees falsified aircraft records, the agency said this week. The investigation was launched after an employee reported the problem to Boeing management, and Boeing informed the FAA. "The FAA has opened an investigation into Boeing after the company voluntarily informed us in April that it may not have completed required inspections to confirm adequate bonding and grounding where the wings join the fuselage on certain 787 Dreamliner airplanes," the FAA said in a statement provided to Ars today. The FAA said it "is investigating whether Boeing completed the inspections and whether company employees may have falsified aircraft records. At the same time, Boeing is reinspecting all 787 airplanes still within the production system and must also create a plan to address the in-service fleet." The agency added that it "will take any necessary action -- as always -- to ensure the safety of the flying public."

Boeing VP Scott Stocker, who leads the 787 Dreamliner program, described "misconduct" in an April 29 email to employees in South Carolina. Boeing provided a copy of the email to Ars. "After receiving the report, we quickly reviewed the matter and learned that several people had been violating Company policies by not performing a required test, but recording the work as having been completed," Stocker wrote. "As you all know, we have zero tolerance for not following processes designed to ensure quality and safety. We promptly informed our regulator about what we learned and are taking swift and serious corrective action with multiple teammates."

Along with introducing a new iPad Air and iPad Pro during its Let Loose event, Apple quietly killed its ninth-gen iPad -- also known as the last iPad with a headphone jack. From a report: The 10th-gen iPad is now the sole entry-level iPad in Apple's official lineup and, as such, has received a $100 price cut. Released in late 2022, the 10th-generation iPad arrived starting at $449, or about $120 more than base entry-level iPads from previous years. Apple justified the price increase with new iPad Air-like features, like a 10.9-inch screen and USB-C support.

Financial Times Alphaville: Look, we know we write a lot about Jane Street, but it's a fascinating place, and people seem interested in it. So it was hard to resist writing about the trading shop entering the mobile phone game space (kinda). Back in 2013 Jane Street developed a card game called "Figgie," which it made to simulate open outcry trading, teach trading nous, and generally burnish its reputation for quirkiness -- de rigueur in the industry.

All you need are 40 cards from a normal deck, and the rules have been public for a while. During Covid, Jane Street made a virtual version for remote interns. Now it's a mobile game that's publicly available on the official Apple and Google app stores.

Motional, the autonomous vehicle startup borne out of a $4 billion joint venture between Hyundai and automotive supplier Aptiv, will pause its commercial operations and delay plans to launch a driverless taxi service as it undergoes a restructuring, TechCrunch reported Tuesday. From a report: The aim is make progress on the core technology and the business model, while preserving capital, according to sources familiar with the changes. Motional has pushed its plan to launch a commercial driverless robotaxi service with its second-generation AV -- the Hyundai Ioniq 5 -- to 2026, two years later than planned.

The company told employees Tuesday during an all-hands meeting that the changes will include layoffs, but did not provide a figure of how many people would be affected, according to sources who spoke to TechCrunch on condition of anonymity. Motional began notifying employees if they were laid off shortly after the meeting ended. The company employed more than 1,300 people prior to a 5% cut in workforce in March 2024. Motional will halt its commercial operations, which today includes taxi rides in autonomous Hyundai Ioniq 5 vehicles in Las Vegas via the Uber and Lyft network. The company will also end deliveries for Uber Eats customers in Santa Monica using its autonomous vehicles. A human safety operator is behind the wheel in all of its commercial operations.

Microsoft has deployed a generative AI model entirely divorced from the internet, saying US intelligence agencies can now safely harness the powerful technology to analyze top-secret information. From a report: It's the first time a major large language model has operated fully separated from the internet, a senior executive at the US company said. Most AI models including OpenAI's ChatGPT rely on cloud services to learn and infer patterns from data, but Microsoft wanted to deliver a truly secure system to the US intelligence community.

Spy agencies around the world want generative AI to help them understand and analyze the growing amounts of classified information generated daily, but must balance turning to large language models with the risk that data could leak into the open -- or get deliberately hacked. Microsoft has deployed the GPT4-based model and key elements that support it onto a cloud with an "air-gapped" environment that is isolated from the internet, said William Chappell, Microsoft's chief technology officer for strategic missions and technology.

Less than two weeks after President Biden signed a bill that will force TikTok's Chinese owner, ByteDance, to sell the popular social media app or face a ban in the United States, TikTok said it sued the federal government on Tuesday, arguing the law was unconstitutional. From a report: TikTok said that the law violated the First Amendment by effectively removing an app that millions of Americans use to share their views and communicate freely. It also argued that a divestiture was "simply not possible," especially within the law's 270-day timeline, pointing to difficulties such as Beijing's refusal to sell a key feature that powers TikTok in the United States.

"For the first time in history, Congress has enacted a law that subjects a single, named speech platform to a permanent, nationwide ban, and bars every American from participating in a unique online community with more than one billion people worldwide," the company said in the 67-page petition it provided, which initiates the lawsuit. "There is no question: The act will force a shutdown of TikTok by Jan. 19, 2025." TikTok is battling for its survival in the United States, with the fight set to play out primarily in courts over the next few months. While lawmakers who passed the bill have said the app is a national security threat because of its ties to China, the courts must now weigh those concerns against TikTok's argument that a sale or ban would violate the First Amendment free-speech rights of its users and hurt small businesses that owe their livelihood to the platform.

The identity of the leader of one of the most infamous ransomware groups in history has finally been revealed. From a report: On Tuesday, a coalition of law enforcement led by the U.K.'s National Crime Agency announced that Russian national, Dmitry Yuryevich Khoroshev, 31, is the person behind the nickname LockBitSupp, the administrator and developer of the LockBit ransomware. The U.S. Department of Justice also announced the indictment of Khoroshev, accusing him of computer crimes, fraud and extortion.

"Today we are going a step further, charging the individual who we allege developed and administered this malicious cyber scheme, which has targeted over 2,000 victims and stolen more than $100 million in ransomware payments," Attorney General Merrick B. Garland was quoted as saying in the announcement. According to the DOJ, Khoroshev is from Voronezh, a city in Russia around 300 miles south of Moscow. "Dmitry Khoroshev conceived, developed, and administered Lockbit, the most prolific ransomware variant and group in the world, enabling himself and his affiliates to wreak havoc and cause billions of dollars in damage to thousands of victims around the globe," said U.S. Attorney Philip R. Sellinger for the District of New Jersey, where Khoroshev was indicted.

Disney CEO Bob Iger says the company is shrinking the MCU with a new mission to drop the number of Marvel TV series to two a year and the film output to no more than three movies per year. The comment follows Iger conceding last year that Marvel had diluted audience's focus by making too many TV shows. From a report: Iger said this is part of Disney's overall strategy to reduce output and focus on quality, a strategy "that's particularly true with Marvel."

"We're slowly going to decrease volume and go to probably about two TV series a year instead of what had become four and reduce our film output from maybe four a year to two, or a maximum of three," the Disney CEO said during the company's quarterly earnings call Tuesday. "And we're working hard on what that path is." Iger says Marvel has "a couple of good films in '25 and then we're heading to more 'Avengers,' which we're extremely excited about," adding: "Overall, I feel great about the slate. It's something that I've committed to spending more and more time on. The team is one that I have tremendous confidence in and the IP that we're mining, including all the sequels that we're doing, is second to none."

Apple revealed its refreshed iPad Pro lineup at its "Let Loose" virtual event Tuesday, featuring a slimmer design, OLED displays, and the company's latest M4 chip. The new 13-inch and 11-inch models boast enhanced brightness, color saturation, and contrast, with the 13-inch model measuring just 5.1 millimeters thick, making it Apple's thinnest device ever.

The M4 chip, which powers the new iPad Pros, delivers a 50% faster CPU and improved efficiency compared to the previous-gen M2 chip. Apple has also introduced updated accessories, including a redesigned Magic Keyboard with an aluminum palm rest and function key row, and the Apple Pencil Pro with squeeze gestures, Find My location tracking, and haptic feedback. The switch to OLED technology ensures consistent display quality across both iPad Pro sizes, addressing the previous disparity between the 12.9-inch Mini LED model and the smaller, traditional-screen version.

The base storage for both models is now 256GB, with prices starting at $999 for the 11-inch and $1,299 for the 13-inch. Both are available for preorder today and will be available in stores next week.

Wesley Yin-Poole, reporting for IGN: Microsoft has closed a number of Bethesda studios, including Redfall maker Arkane Austin, Hi-Fi Rush and The Evil Within developer Tango Gameworks, and more in devastating cuts at Bethesda, IGN can confirm. Alpha Dog Studios, maker of mobile game Mighty Doom, will also close. Roundhouse Games will be absorbed by The Elder Scrolls Online developer ZeniMax Online Studios.

On Redfall, the disastrous vampire co-op game will now not receive promised updates as Microsoft has ended all development on the game. Microsoft said Redfall will remain online to play, and it will provide a "make-good" offer for those who bought the Hero DLC. In an email to staff sent by Matt Booty, head of Xbox Game Studios, Microsoft blamed the cuts on a "reprioritization of titles and resources."