A fictional memo set in June 2028, published by short seller Citrini Research, wiped roughly $10 billion off Indian IT stocks in a single trading session on February 24 and sent the Nifty IT index down as much as 5.3% -- its worst single-day fall since August 2023 -- on the argument that AI coding agents have collapsed the cost advantage of Indian developers to the price of electricity. The index has shed more than $68 billion in market value in February alone, its worst month since 2003. But the core claim that India's entire $205 billion software export industry rests on cheap labor is roughly 15 years out of date, an analysis argues, custom application maintenance alone accounts for about 35% of a typical Indian IT firm's revenue, per HSBC, and enterprise platforms require deterministic outputs that probabilistic AI systems cannot wholesale replace. HSBC estimates gross AI-led revenue deflation for the sector at 14-16%, a measured headwind rather than an extinction event. The story adds: 24 years of software export data that has never posted a decline, $200 billion in annual revenue, partnerships with the very AI labs whose products are supposed to be the instrument of the sector's destruction, possibly a new $1.5 trillion market category emerging at the intersection of services and software, and the largest U.S. corporates in the middle of mapping their entire workforces into process architectures that require technology partners to modernise. I think India's IT is going to be fine.

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New York state has filed a lawsuit against Valve alleging that randomized loot boxes in games like Counter-Strike 2, Team Fortress 2, and Dota 2 amount to a form of unregulated gambling, letting users "pay for the chance to win a rare virtual item of significant monetary value." From a report: While many randomized video game loot boxes have drawn attention and regulation from various government bodies in recent years, the New York suit calls out Valve's system specifically for "enabl[ing] users to sell the virtual items they have won, either through its own virtual marketplace, the Steam Community Market, or through third-party marketplaces." The vast majority of Valve's in-game loot boxes contain skins that can only be resold for a few cents, the suit notes, while the rarest skins can be worth thousands of dollars through marketplaces on and off of Steam. That fits the statutory definition of gambling as "charging an individual for a chance to win something of value based on luck alone," according to the suit. The Steam Wallet funds that users get through directly reselling skins "have the equivalent purchasing power on the Steam platform as cash," the suit notes. But if a user wants to convert those Steam funds to real cash, they can do so relatively easily by purchasing a Steam Deck and reselling it to any interested party, as an investigator did while preparing the lawsuit.

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An anonymous reader shares a report: Burger King is launching an AI chatbot that will live in the headsets used by employees. The voice-enabled chatbot, called "Patty," is part of an overarching BK Assistant platform that will not only assist employees with meal preparation but also evaluate their interactions with customers for "friendliness." Thibault Roux, Burger King's chief digital officer, tells The Verge that the company compiled information from franchisees and guests on how to measure friendliness, resulting in the fast food chain training its AI system to recognize certain words and phrases, such as "welcome to Burger King," "please," and "thank you." Managers can then ask the AI assistant how their location is performing on friendliness. "This is all meant to be a coaching tool," Roux says, adding that the company is "iterating" on capturing the tone of conversations as well.

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HBO Max will be cracking down on password sharing around the world. From a report: The streamer first started cracking down on password sharing in the United States late last August. Subscribers are now able to add an additional out-of-household account for $7.99 a month. Before that August change, Warner Bros. Discovery had been testing for months to determine who may or may not be a "legitimate user," as CEO and President for Warner Bros. Discovery Global Streaming and Games JB Perrette described the plan. On Thursday during the company's fourth quarter earnings call for 2025, WBD revealed that the streaming limitations would be expanding. This news came as part of an answer about which levers the company plans to pull to grow HBO Max. Password crackdowns have proven to be a lucrative way to both boost revenue and subscriptions. Netflix, for example, saw 9 million more subscribers after its first wave of password crackdowns in 2024. The caveat is that password crackdowns do not lead to consistent growth, and they often infuriate subscribers.

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An anonymous reader shares a report: Some Uber employees have built an AI clone of CEO Dara Khosrowshahi -- internally dubbed "Dara AI" -- and have been using it to rehearse and fine-tune presentations before delivering them to the actual Khosrowshahi, he revealed on a recent podcast. Khosrowshahi said a team member told him that some teams "make the presentation to the Dara AI as a prep for making a presentation to me," and that the bot helps them adjust their slides and sharpen their delivery. Asked by the podcast host whether employees might eventually show Dara AI to the board, Khosrowshahi laughed but noted that AI models still can't process and act on new information the way executives do. "When the models can learn in real-time, that is the point at which I'm going to think that, yeah, we are all replaceable," he said.

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Sanae Takaichi’s political rise presages a stronger Japan that could reshape the strategic balance in Asia and help deter Chinese aggression.

​ The North Korean leader said that his country can get along well with the United States as long as Washington accepts it as a nuclear weapons state.

President Emmanuel Macron has championed a refurbishment of the museum, but the fallout from a sensational heist has put his plans at risk.

Some officials in the Trump administration hope an attack would force Iran to give up its nuclear enrichment program. Others have doubts.

A parliamentary by-election in Gorton and Denton, outside Manchester, will test support for Britain’s prime minister at a moment of intense political pressure.

The foreign roots of the men accused of killing 15 at a Jewish event have helped make Pauline Hanson and her One Nation party more palatable for some Australians.

President Trump has kept up a steady drumbeat of threats and built up U.S. troops in the region. Iran’s task is to give him a win but also preserve some semblance of nuclear enrichment.

Mr. Lai was sentenced on Feb. 9. Weeks later, a court quashed a separate fraud conviction against him, a ruling that did not shorten his imprisonment.

Anthropic last week promoted Claude Code Security, a research preview capability that uses its Claude Opus 4.6 model to hunt for software vulnerabilities, claiming its red team had surfaced over 500 bugs in production open-source codebases -- but security researchers say the real bottleneck was never discovery. Guy Azari, a former security researcher at Microsoft and Palo Alto Networks, told The Register that only two to three of those 500 vulnerabilities have been fixed and none have received CVE assignments. The National Vulnerability Database already carried a backlog of roughly 30,000 CVE entries awaiting analysis in 2025, and nearly two-thirds of reported open-source vulnerabilities lacked an NVD severity score. The curl project closed its bug bounty program because maintainers could no longer handle the flood of poorly crafted reports from AI tools and humans alike. Feross Aboukhadijeh, CEO of security firm Socket, said discovery is becoming dramatically cheaper but validating findings, coordinating with maintainers, and developing architecture-aligned patches remains slow, human-intensive work.

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Documents released by the Justice Department briefly mention a woman’s unverified accusation that Donald J. Trump assaulted her in the 1980s, when she was a minor. But several memos related to her account are not in the files.

The firings are part of a rolling barrage of retribution aimed at those who worked on the two federal prosecutions of President Trump.

The investigation appears to be related to a $6 million contract the district had with a tech start-up whose staff had ties to the superintendent, Alberto Carvalho.

Kalshi, the prediction market platform regulated by the Commodity Futures Trading Commission, has for the first time publicly disclosed the results of an insider trading investigation, naming an editor for YouTube's biggest creator as the offender. The company identified Artem Kaptur, an editor for MrBeast, who it says traded around $4,000 on markets tied to the streamer and achieved "near-perfect trading success" on low-odds bets -- a pattern investigators flagged as suspicious. Kalshi froze Kaptur's account before he could withdraw any profits, fined him $20,000, suspended him for two years, and reported the case to the CFTC.

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Ezra Klein and Aaron Retica react to Trump’s 2026 State of the Union speech.

Times reporters visiting Tapalpa found a serene town in shock after Sunday’s raid on its outskirts left dozens dead and people fleeing. And, surprisingly, no police or military presence where the battle took place.