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Google Invests $75 Million In A24 To Develop AI-Powered Filmmaking Tools
Google is investing roughly $75 million in A24 as part of a research partnership with DeepMind to develop AI-powered filmmaking tools and workflows. “The deal represents the latest marriage between a Hollywood studio and AI in an era where companies have oscillated between partnerships and lawsuits,” reports Variety. From t … ⌘ Read more

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It’s ten thousand million degree celsius outside and I have to go to a birthday party today because wElL iTs My BiRtHdAy ToDaY, I think I’m going to die, send help.

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How Millions of Digital Home Devices Are Secretly Powering Cyberattacks
The Wall Street Journal reports on internet-connected devices — and how every year millions of them “can contain a secret digital backdoor that opens up access to your home internet, so that anyone… can surf the web as if they were you.” (And this is especially true for “knockoffs that you buy online”…)

In a video report this wee … ⌘ Read more

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Student Loan Borrowers Will Get Interest Rate Cut If They Sign Up For Auto Pay
An anonymous reader quotes a report from NPR: Student loan borrowers who enroll in automatic payments will get a much bigger discount on interest starting July 1, the U.S. Department of Education says. Auto pay has long offered a modest discount off borrowers’ interest rate – .25 percentage points – but after millions … ⌘ Read more

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Hyundai Takes Full Control of Boston Dynamics As SoftBank Exits For $325 Million
Hyundai Motor Group is acquiring SoftBank’s remaining 9.65% stake in Boston Dynamics for $325 million, “closing out SoftBank’s last piece of Boston Dynamics and turning the Waltham, Massachusetts robotics company into a wholly owned Hyundai business,” reports Startup Fortune. From the report: The price is $325 mi … ⌘ Read more

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Trump Admin Backs Off Plans To Kill Ocean Monitoring
An anonymous reader quotes a report from The Guardian: In May, the federal government announced without warning that it would take apart a network of ocean monitoring systems that it had spent over $350 million to build. No reason was given for the decision to shut down the Ocean Observatories Initiative (OOI), but suspicion immediately focused on the network’s role in … ⌘ Read more

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Hacking Group Claims Major Hack of Novo Nordisk, Attempted $25 Million Extortion
Reuters reports a cyber extortion group has claimed responsibility for breaching Novo Nordisk’s network, stealing roughly 1.3 terabytes of data, including source code, drug research, clinical-trial records, employee and physician information, production-system details, and internal AI model data. The group says it’s e … ⌘ Read more

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Stop Killing Games Fails To Secure EU Law Despite 1.3 Million Signatures
The European Commission has declined (PDF) to propose a law requiring publishers to keep discontinued video games playable, despite the Stop Killing Games initiative collecting nearly 1.3 million verified signatures. Instead, it plans to develop a voluntary industry code covering end-of-life transparency and preservation. Dextero … ⌘ Read more

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Fox Is Buying Roku For $22 Billion
Fox is buying Roku for $22 billion, combining Fox’s sports, news, entertainment, Tubi, and Fox One offerings with a streaming platform that reaches about 100 million people. The companies say the merger would create the “third-largest player in US television by share of viewing,” while Fox insists Roku will remain open to competing apps after the deal closes. CNN reports: Fox has dabbled in stream … ⌘ Read more

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Swiss Voters Reject Proposal To Cap Population At 10 Million
An anonymous reader quotes a report from The Guardian: Voters in Switzerland have rejected an unprecedented far-right proposal to cap the country’s population at 10 million in a divisive referendum dubbed “the Swiss Brexit.” Some 54.79% of voters were against the proposal by the Swiss People’s party (SVP) and 45.21% were in favor. Turnout was 58.86%. A differ … ⌘ Read more

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Musk’s trillionaire status takes wealth gap to a new level
Elon Musk’s net worth is 5 million times as large as that of the typical family and dwarfs even that of the “everyday wealthy”, signalling a new era of ultra-affluence and widening inequality. ⌘ Read more

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Toot-toot: All aboard the Socceroos bandwagon, diehards and all
Among the “Australian values” on our citizenship test is that 25-plus million of us become Socceroos tragics for a couple of weeks every fourth year, and then magically transform back to normal indifference as the bandwagon empties. ⌘ Read more

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La Suisse vote sur la limitation de sa population à 10 millions d’habitants
Une initiative de l’extrême droite helvétique, qui est soumise au référendum dimanche, propose de limiter la population pour faire avancer ses thèmes xénophobes et son emprise sur la démocratie. Un discours qui séduit l’électorat conservateur du pays. ⌘ Read more

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An Algorithm Determines How Fast You Should Drive On California’s I-15 Freeway
Riverside County has launched an 8-mile “smart freeway” pilot on northbound I-15 near Temecula, using roadway sensors and an algorithm to coordinate ramp meters and suggest speeds rather than widening the freeway. Officials say the $33 million project could reduce stop-and-go traffic and travel times. According to SFGAT … ⌘ Read more

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Former Rabbitohs and EPL sponsor cops largest ever fine from ASIC case
The former Australian sponsor of the Sydney Rabbitohs and Sheffield United FC has been hit with $300 million in fines – a record for any case brought by the corporate watchdog. ⌘ Read more

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NZ stocks rally before SpaceX debut as Gulf tensions ease
Renewed optimism about a possible end to the Iran war helped drive the New Zealand sharemarket higher amid a heightened sense of anticipation before the debut of SpaceX on United States markets tomorrow.

The S&P/NZX 50 Index ended 191.7 points (1.45%) higher to 13,393.87 on turnover of 38.89 million shares, worth $148.4 mi … ⌘ Read more

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ANZ class action hots up as lawyers eye interest recoup
Law firm Russell van Hout has upped the ante in its class action against ANZ New Zealand, promising a cross-appeal that may materially increase the bank’s liability for alleged breaches of consumer law.

ANZ has already estimated the potential cost of the class action at $125 million, but that may yet go considerably higher if the law firm’s contentions are proved correct. ⌘ Read more

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Soho Hotel holding company collapses into receivership
The company behind the Soho Hotel has been tipped into receivership by a lending business already owed over $55 million by the hotel’s director.

IPG Capital was put into receivership on June 10 and is the ultimate holding company of IPG Hotels (Auckland), which trades as the Soho Hotel in Mt Roskill, Auckland. The seven-level suburban hotel is still operating and is run by Capstone Hotel Management. ⌘ Read more

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A state-first trial was trying to save WA’s prized reefs, until a cyclone threatened months of hard work
Millions of coral eggs and embryos during two separate spawning events – one in Exmouth and the other in Coral Bay – to save the reefs after a mass bleaching event. But Cyclone Narelle threatened to derail the project. ⌘ Read more

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Restated accounts turn up in 3M’s latest annual results
The local branches of large foreign company 3M New Zealand have restated its 2024 accounts because of incorrect figures in its support services expenses, resulting in a higher tax bill.

The US multinational’s latest accounts for the year to December 2025 show it underestimated its “other income” revenue by $2.27 million. ⌘ Read more

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Le «tour de passe-passe» à 50 millions d’euros de Mutares dans les comptes de son usine de Bordeaux
Le sulfureux fonds allemand a retiré plusieurs dizaines de millions d’euros des caisses de l’ex-usine Ford de Blanquefort, qu’il a reprise en 2023 et qui emploie encore plus de 200 personnes. Les dirigeants de Mutares jurent qu’il ne s’agit que d’un prélèvement temporaire. ⌘ Read more

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I Was Scammed Buying GLP-1s Online. I’m Not Alone
Customers have complained that a telehealth network selling compounded GLP-1s has been ripping them off—even after it had to pay $5 million to clients as part of a settlement with the US government. ⌘ Read more

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Australia news as it happened: Coalition leaders rubbish idea of One Nation non-compete clause; Optus breached privacy rules; JB Hi-Fi to refund customers over misleading prices
Follow along as we bring you the latest live news updates from Australia and beyond. ⌘ Read more

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Australia news LIVE: Coalition leaders rubbish backbencher’s suggestion of seat sharing deal with rising One Nation; Optus breached privacy rules in White Pages data bungle
Follow along as we bring you the latest live news updates from Australia and beyond. ⌘ Read more

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Australia news LIVE: Hanson’s fundraising blitz raises more than $1.5 million on first day; Iranian officials confirm Strait of Hormuz closed as US strikes Iran
Follow along as we bring you the latest live news updates from Australia and beyond. ⌘ Read more

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Australia news LIVE: Hanson’s fundraising blitz raises more than $1.5 million on first day; Iranian officials confirm Strait of Hormuz closed as US strikes Iran
Follow along as we bring you the latest live news updates from Australia and beyond. ⌘ Read more

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Warmer Kiwi Homes insulation funding scheme up in the air
An $80 million government scheme helping low-income families insulate their homes looks set for the chop, after no more money was allocated to it in the Budget.

Warmer Kiwi Homes was set up in 2018 under the Labour Government and provides grants covering up to 90% of the cost of insulation and heating for eligible homes. ⌘ Read more

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Ford NZ books $25m tax bill after IRD settles dispute with US authorities
Ford Motor Company New Zealand has paid $25 million in tax after Inland Revenue and US tax authorities settled a dispute over the handling of the car importer’s income.

A financial statement published by Ford’s NZ operations on Tuesday shows the years-long dispute over its tax payments had been resolved, resulting in a $25m tax bill and a $4.7m loss for the year to Dec 31. ⌘ Read more

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