fidzu : geek

The London-headquartered lender Standard Chartered announced plans to cut more than 7,000 jobs by 2030, with CEO Bill Winters saying the bank will replace some "lower-value human capital" through automation and AI while offering retraining to affected workers. "It's not cost-cutting. It's replacing in some cases lower-value human capital with the financial capital and the investment capital we're putting in," CEO Bill Winters told reporters. "So, the people that want to reskill, that want to carry on, we're giving every opportunity to reposition," Winters said. Reuters reports: The cuts, alongside higher shareholder return targets announced in a strategy update, come as StanChart is at the tail-end of a decade-long effort to transform itself from a potential takeover target to a steadily profitable lender. Its London-listed shares, which have risen 65% in the last 12 months, fell 0.5% in early trading, as analysts said the new targets were at the conservative end of their expectations. "In a world full of uncertainty, performance may prove more challenging further out," said Ed Firth, analyst at Keefe, Bruyette & Woods, citing how the bank has benefited in recent years from high interest rates and huge wealth flows. StanChart's move to streamline operations and rein in costs comes as more global firms slash jobs by deploying AI to improve efficiency. Japanese lender Mizuho in March unveiled up to 5,000 job cuts over a decade. And banks globally are scrambling to integrate frontier AI models and fend off rising cyber threats. The most affected roles will be in the bank's back-office centres, including those in Chennai, Bengaluru, Kuala Lumpur and Warsaw, according to Winters. "Of course we're using AI along the way and AI will be a huge facilitator and enabler of that," he added, referring to its ongoing revamp to automate more of its core banking system. StanChart said it would deliver over 15% return on tangible equity in 2028, more than three percentage points higher than in 2025, and building to about 18% in 2030. Meta also announced plans to reassign 7,000 employees into AI-related initiatives, just ahead of layoffs expected to affect roughly 8,000 workers.

Read more of this story at Slashdot.

19 May 2026 7:00pm GMT

Charter would have expanded member eligibility and focused on alleged injuries.

19 May 2026 6:17pm GMT

Google says its more efficient Gemini 3.5 Flash is the key to your agentic AI future.

19 May 2026 6:11pm GMT

An anonymous reader quotes a report from KrebsOnSecurity: Until this past weekend, a contractor for the Cybersecurity & Infrastructure Security Agency (CISA) maintained a public GitHub repository that exposed credentials to several highly privileged AWS GovCloud accounts and a large number of internal CISA systems. Security experts said the public archive included files detailing how CISA builds, tests and deploys software internally, and that it represents one of the most egregious government data leaks in recent history. On May 15, KrebsOnSecurity heard from Guillaume Valadon, a researcher with the security firm GitGuardian. Valadon's company constantly scans public code repositories at GitHub and elsewhere for exposed secrets, automatically alerting the offending accounts of any apparent sensitive data exposures. Valadon said he reached out because the owner in this case wasn't responding and the information exposed was highly sensitive. The GitHub repository that Valadon flagged was named "Private-CISA," and it harbored a vast number of internal CISA/DHS credentials and files, including cloud keys, tokens, plaintext passwords, logs and other sensitive CISA assets. Valadon said the exposed CISA credentials represent a textbook example of poor security hygiene, noting that the commit logs in the offending GitHub account show that the CISA administrator disabled the default setting in GitHub that blocks users from publishing SSH keys or other secrets in public code repositories. "Passwords stored in plain text in a csv, backups in git, explicit commands to disable GitHub secrets detection feature," Valadon wrote in an email. "I honestly believed that it was all fake before analyzing the content deeper. This is indeed the worst leak that I've witnessed in my career. It is obviously an individual's mistake, but I believe that it might reveal internal practices." "Currently, there is no indication that any sensitive data was compromised as a result of this incident," a CISA spokesperson wrote. "While we hold our team members to the highest standards of integrity and operational awareness, we are working to ensure additional safeguards are implemented to prevent future occurrences." The GitHub account in question was taken offline shortly after CISA was notified about the exposure. However, according to Caturegli, the exposed AWS keys remained valid for another 48 hours. "What I suspect happened is [the CISA contractor] was using this GitHub to synchronize files between a work laptop and a home computer, because he has regularly committed to this repo since November 2025," Caturegli said. "This would be an embarrassing leak for any company, but it's even more so in this case because it's CISA."

Read more of this story at Slashdot.

19 May 2026 6:00pm GMT

Microsoft is launching three new Intel-powered Surface devices for businesses: the Surface Pro 12, Surface Laptop 8, and a smaller 13-inch Surface Laptop model. These new machines come equipped with newer Intel chips, a few business-focused upgrades, and notably higher starting prices. "The high pricing of these three new Surface devices is a sign of things to come for whatever consumer models Microsoft is planning this year," notes The Verge. From the report: This time around Microsoft is refreshing its Surface Pro and Surface Laptop models with Intel's latest Core Ultra Series 3 processors first, ahead of similar models with Qualcomm's new Snapdragon X2 processors later this year. The new Surface Pro 12, or as Microsoft calls it the Surface Pro for Business 13-inch (12th Edition), will be available for businesses today, starting at an eye-watering $1,949.99. The base model will include an Intel Core Ultra 5 processor, 16GB of RAM, 256GB of storage, and the regular 13-inch PixelSense LCD display. Businesses will have to pay extra for models with Intel's Core Ultra 7 processor, up to 64GB of RAM, and up to 1TB of storage. The top spec Surface Pro 12 with a Core Ultra 7, 64GB of RAM, and 1TB of storage will be priced at $4,399.99, and there are also OLED screen options and models with 5G connectivity. The Surface Pro 12 5G starts at $2,249.99, with a Core Ultra 5, 16GB of RAM, and 256GB of storage. [...] Microsoft is also launching two new versions of the Surface Laptop for businesses today. The Surface Laptop 8, or Surface Laptop for Business 13.8 or 15-inch (8th Edition) as Microsoft calls it, will also be available with a range of Intel's Core Ultra Series 3 chips. It launches alongside a smaller 13-inch model, which is confusingly labeled the Surface Laptop for Business 13-inch (1st Edition). The 13.8-inch model starts at $1,949.99, and includes Intel's Core Ultra 5 processor, 16GB of RAM, and 256GB of storage. While Surface devices for businesses have typically had higher pricing than consumer models, the $1,949.99 starting price for a Surface Laptop 8 is almost double the original price of the Surface Laptop 7. RAMageddon really has come for Microsoft's Surface Pro and Surface Laptop devices, after recent price increases meant the existing consumer models are now $500 more expensive than their original starting price. The max configuration for the 13.8-inch Surface Pro 8 will include a Core Ultra 7, 64GB of RAM, and 1TB of storage for $4,299.99. A similar version of the 15-inch model (with an x7 processor) will be priced at $4,499.99.

Read more of this story at Slashdot.

19 May 2026 5:00pm GMT

LG's latest hits one frame per millisecond at a full 1080p resolution.

19 May 2026 4:26pm GMT

To celebrate my 21 years and 20000 posts as OSNews' managing editor, it's time for a massive fundraiser: €1 for every story I've posted over the past 21 years, for a long-term total goal of €20000. Because OSNews is ad-free and independent, I rely entirely on your donations and support for my income and OSNews' continued survival. Your donations ensures OSNews remains free of ads, corporate influence, and other commercial interests that have ruined so many great websites. Why support OSNews? I want to make sure I can run OSNews for another two decades and another 20000 posts, and I need your help to do so. Since my wife, who has a tough, underpaid job in elderly care, is largely unable to work due to health reasons caused by that very same job, my income has become a lot more crucial for our kids, my wife, and myself. With OSNews readers being more skeptical of subscription-like things like our Patreon than most people, it's exactly these one-time donations that make up the bulk of your support. To sweeten the deal, I've come up with a bunch of silly incentives that will unlock at certain thresholds: I know many of you don't really care about incentives and silly things like these, but I think they're fun and add some interesting things to donate to. The donations already started coming in, so we've got a small head start. Also, if anyone has any idea on how to add a cool progress bar to OSNews to keep track of the donations and incentives, please let me know. I'm sure some of you can whip something up or point me to something. OSNews was founded in 1997, so we're almost 30 years old. Let's keep this wonderful little corner of the people-focused web alive for just a euro per post. Everyone here deserves it, because y'all are great. ♥️

18 May 2026 5:53pm GMT

Big news from the Haiku forums: the Haiku ARM port is running on M1 Macs now. This is bare metal, no VM. m1n1+u-boot deal with the Apple-specific parts of booting, so we can boot UEFI images from USB like any PC. ↫ smrobtzz on the Haiku forums USB is apparently broken, but all 8 cores are functional, and it boots to a desktop. It's still early days, for the ARM port in general and the M1 Mac port specifically, but it's a great start.

18 May 2026 5:49pm GMT

I've seen some wild projects in my day, but this one is definitely up there as one of the more ambitious. Stock Microsoft Windows CE 2.11 running on a real Nintendo 64. A custom HAL drops the unmodified nk.lib kernel onto VR4300, brings up the CE 2.11 GWES desktop and shell, mounts the EverDrive-64 X7's SD card under \SDCard, treats the N64 controller as a mouse, plays sound through the N64 AI hardware via the standard CE wave stack, and runs third-party CE 2.11 EXEs straight off the SD card. This is a hobby reverse-engineering project: there is no official CE 2.11 port to N64 from Microsoft. Everything below the unmodified nk.lib (HAL, OAL, display driver, FSD, kbd/mouse PDD, wave PDD, RDP-accelerated GDI fill, ed64-X7 driver) is part of this repo. ↫ ThroatyMumbo Getting a fully operational desktop on Windows CE 2.11 is a lot harder than it appears at first sight, because this earlier version of Windows CE didn't come with many of the reference implementations of components that later versions would add. OEMs were supposed to develop their own user interfaces for Windows CE 2.11, so the entire desktop you see here on this N64 port - window manager, taskbar, file manager, and so on - consists of custom code developed by ThroatyMumbo, using the standard Windows CE APIs. That's not all, though, as the same applies to the various drivers needed to make Windows CE 2.11 talk to the hardware in the Nintendo 64. Windows CE 2.11 contains the interfaces for drivers but OEMs were supposed to write their own device drivers. So ThroatyMumbo did: the display driver, input drivers, sound driver, cartridge driver, and so on, are all written from scratch. Absolutely incredible. Note: it seems "AI" has been involved in this project, but it's unclear to what extent. I didn't see any telltale signs, but readers have reached out to me about this. The result of all this is that you can now run Windows CE 2.11, including a familiar shell, on your N64, and run any Windows CE applications as well. Absolutely wild.

18 May 2026 3:32pm GMT

Just trying to answer one simple question: What if the terminal was 3D?

11 May 2026 12:00am GMT

Break the pattern today or the loop will repeat tomorrow.

18 Apr 2026 12:00am GMT

My thoughts on AI-assisted programming.

11 Apr 2026 12:00am GMT