IT news — 2026-11-05
Original English summaries of the day's IT stories, with links back to the sources. ← All days
General Tech
North Korean Scammers Use Fake Job Interview to Steal $6.3B from Binance
North Korean hackers orchestrated a massive $6.3 billion theft from cryptocurrency exchange Binance by tricking an employee through a fake job interview. The sophisticated social engineering attack highlights the ongoing cybersecurity threats facing the crypto industry.
Debian Releases Security Patch for apt to Prevent Man-in-the-Middle Attacks
Debian has issued a security update for its package management tool, apt, to address vulnerabilities that could allow man-in-the-middle attacks. Users are advised to update their systems to mitigate potential risks.
AMD Anticipates Q4 Sales Victory Over Intel
AMD is forecasting its first-ever quarterly sales lead over Intel, with projected revenue of $17 billion, surpassing Intel's expectations. This marks a significant shift in the competitive landscape of the CPU market.
BYD Doubles Market Share in Brazil Post-Plant Opening
Chinese electric vehicle manufacturer BYD has doubled its market share in Brazil to 9.7% since opening a local plant. The company's expansion in the region is expected to continue with plans for further growth.
Orbital Matter Achieves Milestone with Space-Based 3D Printing
Orbital Matter has successfully 3D-printed the first rigid beam in the vacuum of space, marking a significant step towards the development of future space data centers. This in-space construction breakthrough could pave the way for more complex structures and operations beyond Earth.
Ballistic Ventures Aims to Raise $490M for Cybersecurity Investments
Ballistic Ventures, a cybersecurity-focused venture capital firm, is raising $490 million across two new funds to capitalize on the growing importance of AI in cybersecurity.
EloElo Secures $80M Investment to Expand Microdrama Market in India
EloElo, a leading microdrama platform in India, has raised $80 million from NBCUniversal to capitalize on the growing demand for short-form serialized content. The company’s Story TV app is used by over 33 million active users monthly, reflecting the increasing popularity of microdramas in the region.
Canva Reduces Workforce by 22% Due to Growth Slump
Design platform Canva has announced layoffs affecting over 1,200 employees, marking a significant downsizing as the company navigates a challenging period of slower growth.
TechCrunch Founder Summit 2026 Kicks Off in Boston
The TechCrunch Founder Summit 2026 is set to begin today at the SoWa Power Station in Boston. Attendees can register to participate in this conference centered around startup founders.
Revolut's Valuation Soars to $115B with New Share Sale Ahead of US Bank Launch
Fintech giant Revolut has seen its valuation increase by 53% to $115 billion following a recent share sale led by investors such as Glade Brook, Coatue, and T. Rowe Price. The company is gearing up to launch its US banking services.
Titan OS Secures $46 Million for International Smart TV OS Expansion
Titan OS has secured an additional $46 million in funding, bringing its total funding to $110 million. The company plans to use the funds to expand its smart TV operating system globally.
Google Under Fire for Threatening Schools' Search Access Over AI Restrictions
Google has faced criticism from politicians, including NYC Mayor Zohran Mamdani and former FTC Chair Lina Khan, who accuse the company of monopolistic behavior by threatening to disable search services for schools that limit AI usage.
Waymo to Compete Directly with Uber in Autonomous Ride-Hailing Starting 2028
Waymo has announced plans to enter the autonomous ride-hailing market independently in January 2028, setting up a direct rivalry with Uber, which currently partners with multiple autonomous vehicle providers.
DuckDuckGo Targets Schools Amid Google's AI Policy Controversy
DuckDuckGo is positioning itself as an alternative for schools dissatisfied with Google's recent AI policies. The company is highlighting its search engine and the ability to disable AI features to attract educators.
Artificial Intelligence
Artificial Intelligence Highlights Longstanding Technical Debts
The rise of artificial intelligence is shedding light on decades of unresolved technical issues in software development. These problems, often referred to as 'technical debt,' are now becoming more apparent and pressing to address.
New Kimi K3.1 Pro Model Weights Available on Hugging Face
The Kimi K3.1 Pro model weights have been released and are now accessible on Hugging Face, providing developers with updated resources for their projects.
Advancements in Provable Inference Techniques for Large Language Models
Researchers are making strides in developing provable inference methods for large language models, enhancing their reliability and interpretability. These advancements could lead to more robust and trustworthy AI systems.
Anthropic Develops FlashProve to Authenticate AI Model Responses
Anthropic is developing a new system called FlashProve that aims to verify whether an AI-generated response originates from the claimed model. This tool would enable users to authenticate the identity of AI models, enhancing trust and security in AI interactions.
TechCrunch Review: Apple's Siri Recaps Offer Utility with Privacy Concerns
TechCrunch's review finds that Apple's Siri Recaps, powered by AI, provide significant utility but also raise privacy issues. The feature shows promise but has room for enhancement.
Open Source AI Growth Fuels Debate on Value Capture
The popularity of open-source AI models is rising as various organizations seek cost savings and greater flexibility. However, the increasing availability of capable open-source models raises questions about how companies can monetize their contributions, especially with competition from Chinese players.
Developers
Kitty Terminal Release 0.50
The popular terminal emulator Kitty has been updated to version 0.50, introducing new features and improvements to enhance user experience.
GitHub Experiences Disruptions in Pull Requests and Git Operations
GitHub users encountered issues with pull requests and Git operations, affecting their ability to collaborate and manage code repositories. The platform has since resolved the incident.
Enterprise & Networking
Palantir's U.S. Commercial Revenue Surpasses Government Revenue for the First Time
Palantir Technologies reported a strong quarter with its U.S. commercial revenue exceeding government revenue for the first time, indicating a shift in the company's business focus.
Data Centers Opt for Jet Engines Due to Power Supply Delays
Data center developers are increasingly using repurposed jet engines as a power source due to prolonged delays in accessing the grid and new turbines. This shift, though less efficient and environmentally friendly, addresses the urgent need for reliable power.
Sequoia scales back, focusing on Bay Area operations
Sequoia Capital is reversing its 20-year expansion by closing international offices and programs, while raising about $10 billion in new funds. The firm is now concentrating its operations in the Bay Area.