Oracle shares had their best day since 1992, skyrocketing 36% and adding $244 billion in market value as surging AI-driven cloud demand pushed the company toward a $1 trillion valuation. The surge boosted founder Larry Ellison's fortune by $100 billion, making him the new world's wealthiest person. CNBC reports: The company said Tuesday after the bell that it has $455 billion in remaining performance obligations, up 359% from a year earlier. "This is a very historic kind of print right here from Oracle with this backlog," Ben Reitzes, technology research head at Melius Research, told CNBC's "Closing Bell: Overtime" on Tuesday. "The Street was looking for about $180 billion in RPO and they're talking about a number that is a multiple of that. That is astounding." Oracle now sees $18 billion in cloud infrastructure revenue in fiscal 2026, with the company calling for the annual sum to reach $32 billion, $73 billion, $114 billion and $144 billion over the subsequent four years. Other analysts were left "blown away" and "in shock." D.A. Davidson's Gil Luria called it "absolutely staggering on CNBC's "Fast Money." Wells Fargo analysts said it was a "momentous confirmation" of the AI trade. Oracle's cloud revenue projections overshadowed an otherwise lackluster fiscal first-quarter report in which the company missed expectations on the top and bottom lines. The company had earnings of an adjusted $1.47 per share for the quarter, just below the $1.48 per share expected by analysts polled by LSEG. Revenue for the first quarter came in at $14.93 billion, missing the $15.04 billion expected.

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An anonymous reader quotes a report from Ars Technica: On Wednesday afternoon, Anthropic experienced a brief but complete service outage that took down its AI infrastructure, leaving developers unable to access Claude.ai, the API, Claude Code, or the management console for around half an hour. The outage affected all three of Anthropic's main services simultaneously, with the company posting at 12:28 pm Eastern that "APIs, Console, and Claude.ai are down. Services will be restored as soon as possible." As of press time, the services appear to be restored. The disruption, though lasting only about 30 minutes, quickly took the top spot on tech link-sharing site Hacker News for a short time and inspired immediate reactions from developers who have become increasingly reliant on AI coding tools for their daily work. "Everyone will just have to learn how to do it like we did in the old days, and blindly copy and paste from Stack Overflow," joked one Hacker News commenter. Another user recalled a joke from a previous AI outage: "Nooooo I'm going to have to use my brain again and write 100% of my code like a caveman from December 2024." The most recent outage came at an inopportune time, affecting developers across the US who have integrated Claude into their workflows. One Hacker News user observed: "It's like every other day, the moment US working hours start, AI (in my case I mostly use Anthropic, others may be better) starts dying or at least getting intermittent errors. In EU working hours there's rarely any outages." Another user also noted this pattern, saying that "early morning here in the UK everything is fine, as soon as most of the US is up and at it, then it slowly turns to treacle." While some users criticized Anthropic for reliability issues in recent months, the company's status page acknowledged the issue within 39 minutes of the initial reports, and by 12:55 pm Eastern announced that a fix had been implemented and that the company's teams were monitoring the results.

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An anonymous reader shares a report: Getting cash from an ATM is growing increasingly expensive as fees reach record highs. Americans are now paying an average of $4.86 for out-of-network ATM withdrawals, up 1.9% from $4.77 last year, according to a new survey from Bankrate.com. That's the highest on record, according to the personal finance website, which starting tracking ATM fees 27 years ago. "ATM fees are just one of those avenues that the bank can very freely continue to charge fees," Bankrate financial analyst Stephen Kates told CBS MoneyWatch. Those costs include charges from both ATM owners and banks. According to the survey, the average fee from cash machine providers is $3.22. Banks charge $1.64 on average, up 3.8% from 2024 -- the highest since 2018. As a result, Americans in certain metro areas could see average combined fees of more than $5.

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US Senator Ron Wyden says glaring cybersecurity flaws by Microsoft enabled a ransomware attack on a US hospital system and has called on the Federal Trade Commission to investigate. Bloomberg: In a letter sent Wednesday to FTC Chairman Andrew Ferguson, the Oregon Democrat accused Microsoft of "gross cybersecurity negligence," which he said had resulted in ransomware attacks against US critical infrastructure. The senator cited the case of the 2024 breach at Ascension, one of the nation's largest nonprofit health systems. The intrusion shut down computers at many of Ascension's hospitals, leading to suspended surgeries and the theft of sensitive data on more than 5 million patients. Wyden said an investigation by his office found that the Ascension hack began after a contractor carried out a search using Microsoft's Bing search engine and was served a malicious link, which led to the contractor inadvertently downloading malware. That allowed hackers access to Ascension's computer networks. According to Wyden, the attackers then gained access to privileged accounts by exploiting an insecure encryption technology called RC4, which is supported by default on Windows computers. The hacking method is called Kerberoasting, which the company described as a type of cyberattack in which intruders aim to gather passwords by targeting an authentication protocol called Kerberos.

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Apple's newly launched iPhone Air will ship globally without physical SIM card slots. The move follows the company previously eliminating SIM trays in US models starting in 2022. Global consultancy firm Roland Berger forecasts eSIM connections will reach 75% of smartphone connections by 2030, rising from 10% in 2023. CCS Insight predicts eSIM-capable handsets will increase from 1.3 billion to 3 billion by 2030. Google offers eSIM-only Pixel 10 models in the US.

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The Federal Aviation Administration has issued a safety alert [PDF], warning airlines about lithium battery fire risks in passenger compartments after recording 50 incidents involving smoke, fire, or extreme heat from the devices this year. The FAA recommended airlines implement risk mitigation strategies including clear passenger messaging and updated firefighting procedures and training.

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Bending Spoons has entered a definitive agreement with Vimeo to purchase the video platform for $1.38 billion. From a report: Per the agreement, Bending Spoons will acquire Vimeo in an all-cash transaction and take Vimeo (VMEO), a public company, private. Vimeo shareholders will receive $7.85 per share in cash when the transaction closes. [...] Vimeo, once a significant player in the streaming video space, has lost massive ground to other platforms, including YouTube, in recent years. Rather than fight a losing battle in the creator space, Vimeo has catered more toward business and enterprise users lately.

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Analyst Ben Thompson, commenting on Apple's outlook following the launch of the iPhone 17 lineup: Apple, to be fair, isn't selling the same sugar water year-after-year in a zero sum war with other sugar water companies. Their sugar water is getting better, and I think this year's seasonal concoction is particularly tasty. What is inescapable, however, is that while the company does still make new products -- I definitely plan on getting new AirPod Pro 3s! -- the company has, in the pursuit of easy profits, constrained the space in which it innovates. That didn't matter for a long time: smartphones were the center of innovation, and Apple was consequently the center of the tech universe. Now, however, Apple is increasingly on the periphery, and I think that, more than anything, is what bums people out: no, Apple may not be a sugar water purveyor, but they are farther than they have been in years from changing the world.

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The narrative podcast industry that exploded after Serial's 2014 debut has largely collapsed. Pineapple Street Studios shut down in June after producing hits like Missing Richard Simmons. Amazon dismantled Wondery in August, laying off 110 employees less than five years after acquiring the studio for $300 million. Spotify terminated Gimlet in 2023 despite paying $230 million for the company in 2019. Major outlets including Pushkin Industries and This American Life have conducted layoffs. Talk shows and celebrity podcasts continue growing while investigative audio series struggle to find funding. Edison Research reports 55% of Americans consumed podcasts last month, but advertising dollars are flowing to cheaper chat formats rather than resource-intensive narrative productions.

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NASA: After a year's worth of scientific scrutiny, the 'Sapphire Canyon' rock sample remains the mission's best candidate for containing signs of ancient microbial life processes. A sample collected by NASA's Perseverance Mars rover from an ancient dry riverbed in Jezero Crater could preserve evidence of ancient microbial life. Taken from a rock named "Cheyava Falls" last year, the sample, called "Sapphire Canyon," contains potential biosignatures, according to a paper published Wednesday in the journal Nature. A potential biosignature is a substance or structure that might have a biological origin but requires more data or further study before a conclusion can be reached about the absence or presence of life. "This finding by Perseverance, launched under President Trump in his first term, is the closest we have ever come to discovering life on Mars. The identification of a potential biosignature on the Red Planet is a groundbreaking discovery, and one that will advance our understanding of Mars," said acting NASA Administrator Sean Duffy. "NASA's commitment to conducting Gold Standard Science will continue as we pursue our goal of putting American boots on Mars' rocky soil."

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An anonymous reader shares a report: South Africa's energy regulator apologized for a 54 billion-rand ($3.1 billion) error in calculating electricity tariffs, a mistake that will be passed on to consumers. The National Energy Regulator of South Africa, which determines what state power utility Eskom Holdings SOC Ltd. can charge for electricity, announced the miscalculation last month, without providing further details. On Wednesday, it put the blunder down to a "data input error" that was picked up by Eskom, according to a presentation to lawmakers. While the mistake had been identified before the tariff determination was made in January, it wasn't rectified as indicated at the time, and only discovered five months later, the regulator said. "The error is regrettable; it should not have happened," it said. The incident brought into the spotlight South Africa's surging electricity prices and will result in them increasing by 8.76% in the next financial year, instead of the 5.36% originally agreed, and by 8.83% the year after, compared with 6.19%.

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Britain's road death rate has declined 22-fold per mile driven since 1950, dropping from 111 deaths per billion miles to approximately 5 today, according to new analysis from Our World in Data. Annual road fatalities fell from 5,000-7,000 deaths in the 1920s and 1930s to 1,700 in recent years despite a 16-fold increase in vehicles and 33-fold increase in miles driven. The UK now ranks among the world's safest countries for road travel at 1.9 deaths per 100,000 people. Key interventions included mandatory breathalyzer tests in 1967 that reduced drunk-driving deaths by 82%, the introduction of motorways beginning in 1958, conversion to roundabouts that cut fatal accidents by two-thirds, and 20-mph speed zones around schools. If global road death rates matched Britain's current levels, approximately one million lives would be saved annually from the current 1.2 million road deaths worldwide.

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Netflix's film division faces a fundamental mismatch between its subscription model and filmmakers' artistic ambitions, according to new data analysis examining a decade of original productions. The streamer's movies cost two to three times more than A24 films but consistently score lower across review aggregators. Netflix attracts established actors like Eddie Murphy and Cameron Diaz but struggles to retain acclaimed directors. The typical Netflix director has less critical acclaim and shorter filmographies than theatrical counterparts despite handling larger budgets. Directors recently turned down Netflix's $150 million for Wuthering Heights and $50 million for Weapons, accepting lower offers from Warner Bros. that guaranteed theatrical releases. The Electric State cost Netflix $320 million in February 2025 and received a 30 Metacritic score and 14% on Rotten Tomatoes. Netflix's business model requires filling hours to justify $9.99 monthly subscriptions. Directors seek theatrical releases where audiences watch films in one sitting without checking phones.

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Researchers at the University of Tubingen have discovered that human brains process colors in remarkably similar ways across different individuals. The team used fMRI scans from 15 participants viewing various colors to train a machine-learning model that could then accurately predict which colors a second group was viewing based solely on their brain activity patterns. Published in the Journal of Neuroscience, the study found that specific brain cells in the visual cortex consistently respond more strongly to particular colors across all participants. The discovery challenges long-standing philosophical questions about whether people perceive colors differently.

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Charleston's planned $1.3 billion sea wall will protect the city's historic downtown peninsula while leaving lower-income neighborhoods like Rosemont exposed to rising waters. The eight-mile barrier, with Charleston contributing $455 million, excludes historically Black communities already experiencing regular flooding. Meanwhile, developers have received approval for thousands of new homes in flood-prone areas, including Long Savannah's 4,500 units and Cainhoy's 9,000-home development on filled wetlands. Charleston's sea level rose 13 inches over the past century and faces another four-foot rise by 2100. Climate Central projects 8,000 residents and 4,700 homes will face annual flooding risk by 2050. The Bridge Pointe neighborhood already underwent FEMA buyouts after successive floods, while coastal South Carolina zip codes report among the nation's highest insurance non-renewal rates.

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An anonymous reader shares a report: The Darwin Awards are being extended to include examples of misadventures involving overzealous applications of AI. Nominations are open for the 2025 AI Darwin Awards and the list of contenders is growing, fueled by a tech world weary of AI and evangelists eager to shove it somewhere inappropriate. There's the Taco Bell drive-thru incident, where the chain catastrophically overestimated AI's ability to understand customer orders. Or the Replit moment, where a spot of vibe coding nuked a production database, despite instructions from the user not to fiddle with code without permission. Then there's the woeful security surrounding an AI chatbot used to screen applicants at McDonald's, where feeding in a password of 123456 gave access to the details of 64 million job applicants.

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Dozens of polar scientists have warned that geoengineering schemes to manipulate the Arctic and Antarctic are dangerous, impractical, and risk distracting from the urgent need to cut fossil fuel emissions. The BBC reports: These polar "geoengineering" techniques aim to cool the planet in unconventional ways, such as artificially thickening sea-ice or releasing tiny, reflective particles into the atmosphere. They have gained attention as potential future tools to combat global warming, alongside cutting carbon emissions. But more than 40 researchers say they could bring "severe environmental damage" and urged countries to simply focus on reaching net zero, the only established way to limit global warming. The scientists behind the new assessment, published in the journal Frontiers in Science, reviewed the evidence for five of the most widely discussed polar geoengineering ideas. All fail to meet basic criteria for their feasibility and potential environmental risks, they say. One such suggestion is releasing tiny, reflective particles called aerosols high into the atmosphere to cool the planet. This often attracts attention among online conspiracy theorists, who falsely claim that condensation trails in the sky -- water vapour created from aircraft jet engines -- is evidence of sinister large-scale geoengineering today. But many scientists have more legitimate concerns, including disruption to weather patterns around the world. With those potential knock-on effects, that also raises the question of who decides to use it -- especially in the Arctic and Antarctic, where governance is not straightforward. If a country were to deploy geoengineering against the wishes of others, it could "increase geopolitical tensions in polar regions," according to Dr Valerie Masson-Delmotte, senior scientist at the Universite Paris Saclay in France. Another fear is that while some of the ideas may be theoretically possible, the enormous costs and time to scale-up mean they are extremely unlikely to make a difference, according to the review. [...] A more fundamental concern is that these types of projects could create the illusion of an alternative to cutting humanity's emissions of planet-warming gases. "If they are promoted... then they are a distraction because to some people they will be a solution to the climate crisis that doesn't require decarbonising," said Prof Siegert. "Of course that would not be true and that's why we think they can be potentially damaging." Even supporters of geoengineering research agree that it is, at best, a supplement to net zero, not a substitution.

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A U.S. congressional hearing today on Unidentified Anomalous Phenomena (UAPs) featured testimony from military veterans and witnesses describing encounters with mysterious craft, including glowing red squares, tic-tac-shaped objects emerging from the ocean, and videos of missiles striking unidentified orbs. While NASA maintains there's no evidence of extraterrestrial life, lawmakers stressed the need for transparency, whistleblower protections, and further investigation. There were four witnesses at today's hearing: Jeffrey Nuccetelli: U.S. Air Force veteran and self-described UAP witness who investigated the reported "red square" sighting above Vandenberg Air Force Base. George Knapp: Award-winning journalist and chief reporter at KLAS-TV, known for his decades of UFO coverage and multiple Peabody Awards. Alexandro Wiggins: Navy veteran of 23 years who reported witnessing a "Tic Tac" UAP aboard the USS Jackson in 2023 and noted his father's work at Area 51. Dylan Borland: Air Force veteran and UAP witness with little public information or media exposure available. "The public senses that it's real and the people in authority dismiss them," said Knapp, arguing that the public can handle the truth. One of the clips he showed lawmakers was of a drone operator tracking a glowing orb off the coast of Yemen before a missile struck the object. "That's a Hellfire missile smacking into that UFO and just bouncing right off," he said. "What the hell is that?" Knapp said the clip is not unique, claiming multiple video servers with similar UAP footage are being kept from Congress. Borland testified: "This craft interfered with my telephone, did not have any sound and the material it was made of appeared fluid or dynamic."

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alternative_right shares a report from Phys.org: Some people are simply mosquito magnets while others emerge relatively unscathed. But why is this so? One explanation, according to scientists from the Netherlands, is beer. To find out why the blood-sucking critters prefer some people over others, a research team led by Felix Hol of Radboud University Nijmegen took thousands of female Anopheles mosquitoes to Lowlands, an annual music festival held in the Netherlands. Researchers set up a pop-up lab in connected shipping containers in 2023, and around 500 volunteers took part. First, they filled out a questionnaire about their hygiene, diet and behavior at the festival. Then, to see how attractive they are to mosquitoes, they placed their arm into a custom-designed cage filled with the pesky insects. The cage had tiny holes so the mosquitoes could smell the person's arm but couldn't bite them. A video camera recorded how many insects landed on a volunteer's arm compared to a sugar feeder on the other side of the cage. By comparing the video footage and questionnaire answers, researchers saw some clear results emerge. Participants who drank beer were 1.35 times more attractive to mosquitoes than those who didn't. The tiny vampires were also more likely to target people who had slept with someone the previous night. The study also revealed that recent showering and sunscreen make people less attractive to the buzzing menace. "We found that mosquitoes are drawn to those who avoid sunscreen, drink beer, and share their bed," the researchers wrote in a paper uploaded to the bioRxiv preprint server. "They simply have a taste for the hedonists among us."

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Cindy Cohn, who has led the Electronic Frontier Foundation as Executive Director for the past decade and has been with the organization for over 25 years, will step down by mid-2026. The digital rights group is launching a search for her successor. From a press release: "It's been the honor of my life to help EFF grow and become the strong, effective organization it is today, but it's time to make space for new leadership. I also want to get back into the fight for civil liberties more directly than I can as the executive director of a thriving 125-person organization," Cohn said. "I'm incredibly proud of all that we've built and accomplished. One of our former interns once called EFF the joyful warriors for internet freedom and I have always loved that characterization." "I know EFF's lawyers, activists and technologists will continue standing up for freedom, justice and innovation whether we're fighting trolls, bullies, corporate oligarchs, clueless legislators or outright dictators," she added. [...] Cohn said she made the decision to step down more than a year ago, and later informed EFF's Board of Directors and executive staff. The Board of Directors has assembled a search committee, which in turn has engaged leadership advisory firm Russell Reynolds Associates to conduct a search for EFF's new executive director. Inquiries about the search can be directed to EFF@russellreynolds.com. The search committee hopes to hire someone next spring, with Cohn planning to remain at EFF for a transition period through early summer.

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