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Cisco forecasts strong sales growth, plans job cuts

Article

Cisco forecasts strong sales growth, plans job cuts

Cisco Systems saw its shares climb in after-hours trading after reporting a better-than-expected sales forecast, projecting revenue as high as $16.9 billion for the current quarter. To focus on its growing AI market, however, the company says it plans to cut fewer than 4,000 jobs. The restructuring comes as Cisco looks to shore up its competitive position in the AI sector, with the company anticipating $9 billion in orders from data center customers in the current fiscal year, well above the $5 billion it initially projected.

1 min read A Admin

Cisco Systems saw its stock move higher in after-hours trading after issuing a stronger-than-expected revenue outlook, projecting up to $16.9 billion for the current quarter. As part of its strategic shift toward the growing AI market, the company also...

Claude Mythos security analysis thumbnail showing a laptop with curl code and a report that found five issues, only one confirmed low-severity vulnerability, emphasizing the gap between AI hype and real-world security findings.

Article

Claude Mythos and Curl Show the Real Problem With AI Bug Hunting

Anthropic’s restricted Claude Mythos model reportedly found only one real low-severity vulnerability in curl, despite claims that the model had discovered thousands of zero-days elsewhere. The result does not prove AI security research is overhyped, but it does show the gap between marketing, real-world validation, and mature open-source codebases.

7 min read A Admin

Anthropic’s restricted Claude Mythos model was supposed to represent a new frontier in AI-assisted vulnerability discovery. Then it was tested against curl, one of the most important and heavily used open-source tools on the internet. The result was...

Anthropic’s Wall Street AI Venture Is a Warning Shot for Consulting

Article

Anthropic’s Wall Street AI Venture Is a Warning Shot for Consulting

Anthropic’s new enterprise AI services venture with Blackstone, Goldman Sachs, and Hellman & Friedman is not literally replacing McKinsey overnight. But it does point to a major shift in consulting: companies may increasingly want AI engineers, custom agents, and embedded automation teams instead of traditional slide-deck strategy work.

8 min read A Admin

Anthropic’s new Wall Street-backed AI venture is not simply another partnership announcement. It is a signal that enterprise AI is moving from software licensing into the territory traditionally owned by consulting firms. The company behind Claude has...

Cloudflare announces layoffs of over 1,100 employees

Article

Cloudflare announces layoffs of over 1,100 employees

Cloudflare is laying off over 1,100 employees globally as part of a reorganization to adapt to a rapid increase in AI usage, which has "fundamentally changed" its workflow, the co-founders said in a letter. The job cuts are neither a "cost-cutting exercise" nor performance-related, according to the statement, and affected employees will receive their full base pay through the end of the year. The tech company also reported earnings and revenue that beat analyst estimates Thursday.

1 min read WebNovare

In a letter to employees, the company’s co-founders said the shift in AI adoption has fundamentally reshaped how work is done internally, prompting a realignment of teams and priorities. Not a Cost-Cutting Move The company emphasized that the layoffs are...

Jane Street quarterly trading revenue hits record $16.1B

Article

Jane Street quarterly trading revenue hits record $16.1B

Jane Street Group took in a record $16.1 billion in trading revenue in the first quarter, more than double the previous year, Bloomberg reports, citing anonymous sources. The firm's net income reached $10.3 billion, driven by medium-frequency trading and strategic investments in tech companies. The performance solidifies Jane Street's position as a leading market maker, outpacing traditional Wall Street firms, according to Bloomberg, which notes that it isn't subject to the same capital requirements as the big banks.

1 min read WebNovare

Jane Street delivered an extraordinary performance in Q1 2026, reporting $16.1 billion in trading revenue and $10.3 billion in net income. The results mark a dramatic increase from the same period last year, more than doubling its Q1 2025 performance. The...

Canvas breach thumbnail showing a cracked laptop screen with the Canvas logo, a red lock warning, a hooded attacker silhouette, and the Instructure building in the background.

Article

Instructure’s Second Breach Claim Shows the Real Risk of EdTech Dependence

ShinyHunters now claims a second attack against Instructure, the company behind Canvas, after Instructure said the original incident was contained. The follow-on compromise reportedly involved Free-For-Teacher accounts and disrupted Canvas access during finals week, showing how deeply schools depend on a single cloud platform for daily academic operations.

7 min read WebNovare

The Instructure breach is getting worse, not simpler. ShinyHunters now claims it breached Instructure a second time, just after the company said the original incident had been contained. Instructure, the company behind the Canvas learning management system...

SoftBank rethinks OpenAI margin loan amid lender worries

Article

SoftBank rethinks OpenAI margin loan amid lender worries

SoftBank has scaled back its plans for a margin loan backed by its OpenAI stake, Bloomberg reports, citing anonymous sources. While it originally sought a $10 billion loan, the Japanese conglomerate has lowered that amount to $6 billion after fielding some concerns from investors over "the difficulty of reaching a valuation for an unlisted company like OpenAI." The AI firm is losing ground to rival Anthropic, which is rumored to be targeting a nearly $1 trillion valuation. SoftBank has committed tens of billions of dollars to OpenAI.

1 min read WebNovare

SoftBank is reportedly reassessing a margin loan tied to its OpenAI investment as concerns grow among lenders about risk exposure in the rapidly evolving AI financing landscape. The move reflects increasing caution in how large-scale AI bets are being...

Anthropic's value could jump to nearly $1T within weeks

Article

Anthropic's value could jump to nearly $1T within weeks

Anthropic could kick off a fundraising round this summer that would raise its valuation to nearly $1 trillion, the Financial Times reports, citing anonymous sources. The AI startup was valued at $380 billion just three months ago. As its revenue multiplies and it prepares for a buzzy IPO, Anthropic is drawing interest from investors including Dragoneer and General Catalyst, who could pitch in as much as $50 billion. That would push the Claude maker's worth past that of rival OpenAI, which was valued at about $852 billion in March.

2 min read WebNovare

The possibility of Anthropic reaching a $1 trillion valuation is more than just another AI funding milestone. It signals a deeper shift in how the market views AI companies—not as traditional software providers, but as emerging global infrastructure...