Amsterdam · thenextweb.com
Chinese memory chipmaker CXMT expects a net profit of 131B to 132.5B yuan ($19.6B to $19.8B) for January to September, compared with a 5.3B yuan loss a year earlier. Revenue jumped to 265B to 270B yuan as AI demand caused memory shortages. Its chairman also proposed a share buyback of up to 2B yuan.
“Our company has more layers, more handoffs and more overhead than we need, so we are addressing this issue.” Kroger chief executive Greg Foran wrote this in a memo to staff on Monday, 12 October. The US supermarket chain will cut about 3,000 corporate roles over the next three years.
“Do you not see how UTTERLY STUPID those kinds of rules would be?” Linus Torvalds wrote this on the Linux kernel mailing list on 13 October. He was replying to a developer who wants contributors to keep declaring when they use AI tools. The Register first reported the exchange.
“Human history has given us no experience of facing an actor which is smarter than we are. Is capable of out-thinking us.” Sir Ken McCallum, director general of MI5, said this about AI on 13 October. He was giving his annual threat update at MI5’s London headquarters.
“Our message to all SI companies is clear: delayed notification, inadequate corrective action, and a failure to take responsibility will not be tolerated,” the task force’s leaders said. Jay Clayton, Andrew Ferguson, Scott Kupor and Emil Michael lead Donald Trump’s Super Intelligence Force.
MapQuest has added a surveillance layer to its app that shows known outdoor cameras and licence plate readers, including those made by Flock Safety. Users can switch it on in Map Options, next to the traffic and incidents layers. The update follows a surge in MapQuest downloads in September.
“Today, Ramp raised $1.85B at a $60B valuation,” Eric Oancea, who leads Ramp in Europe, wrote on LinkedIn. His post confirms the round that Bloomberg reported on 10 October.