Paraguay’s president resigns after digital bank Ueno collapses with 3 million customers

Face palm: Paraguay’s central bank has seized Ueno Bank after auditors examining the digital lender’s loans to companies affiliated with its owners found that loans and expenses were poorly documented and the bank had incorrectly counted them as assets. After those errors were fixed, Ueno’s capital fell to less than half the legal minimum and … Read more

Five9 is buying contact center intelligence startup Level AI after it posted a narrow profit miss

Contact center company Five9 Inc. flexed its acquisition muscles today as it announced a $325 million deal to purchase an artificial intelligence-based competitor called Level AI during the release of its third-quarter financial results. The transaction is expected to close in the fourth quarter, subject to customary closing conditions. Five9 is a leader in the … Read more

The US Army is using new equipment to drop standard mortars from moving drones

The US Army has developed a new kit that allows unmanned aerial systems (UAS) to deploy standard mortar shells. The system, called the Munitions Air-dropped Lethal Effects Tool (MALET), was developed by the Army Combat Capabilities Development Command Armaments Center. It is designed to convert existing 60mm and 81mm mortar shells into drone-delivered ammunition, thereby … Read more

Autonomous combat drone maker Shield AI is buying radar startup Echodyne for $5.3 billion

Defense technology startup Shield AI Inc. announced today that it has agreed to buy Bill Gates-backed radar startup Echodyne Inc. in a $5.3 billion deal. The acquisition is intended to improve Shield’s autonomous drone warfare capabilities, it said. Echodyne is a 13-year-old startup best known for its Metamaterials Electronically Scanned Array, or MESA, technology, which … Read more

3D printed booster delivers 715,000 pounds of thrust with 30% less mass

Blue Origin has developed a new rocket engine that delivers more thrust with significantly less hardware. The booster engine, called Northstar, runs on liquid oxygen and liquefied natural gas and produces 715,000 pounds of thrust. It also weighs 30% less than the company’s BE-4 engine, despite higher power. The new engine is Blue Origin’s second … Read more

Sony is resurrecting the Walkman headphones from 1979, now with USB-C

Review: Sony’s original MDR-3L2 headphones are an important part of the nostalgia surrounding the company’s legendary TPS-L2 Walkman. As interest in wired headphones grows among teenagers, Sony has revived the MDR-3, combining a retro design with modern features, albeit at a slightly higher price than comparable on-ear models. The new MDR-3R looks almost identical to … Read more

16,000-pound US military helicopter rescued from 10,000 feet

A powerful US Navy helicopter was recently recovered using the CH-53K King Stallion helicopter. The US Marine Corps CH-53K King Stallion recovered a crashed MH-60S Seahawk from the Sierra Nevada mountains. The nearly 16,000-pound aircraft was recovered by a Marine Operational Test and Evaluation Squadron (VMX) 1 CH-53K using a U.S. Marine Corps helicopter sling-load … Read more

Dropbox acquires Tigris Data for $350 million and releases new AI productivity features

Dropbox Inc. is acquiring cloud storage startup Tigris Data Inc. for $350 million. The company announced Today’s deal comes with a major update to its product portfolio. It introduced DBX Agent Cloud, a service that artificial intelligence agents can use to store their data. Dropbox is also adding new AI productivity features to its flagship … Read more

Discord is rebuilding its desktop app in Rust to fix the memory issue

Software pigs fly: PC memory is becoming more of an unattainable hardware product these days, which means software developers have to adapt. Discord, one of the worst offenders when it comes to excessive RAM usage, will apparently address this long-standing problem by ditching inefficient web-based development frameworks. Microsoft is finally doing something about Windows 11’s … Read more

Sound sensors on solar panels measure rain with an error of less than 2 mm/h

Scientists have developed a system that uses structure-borne sound sensors and machine learning to measure precipitation without moving parts. The technology could complement traditional rain gauges. The system achieved an average error of 1.88 millimeters per hour. Scientists have developed a new artificial intelligence (AI)-based rainfall monitoring system that can estimate light rainfall with an … Read more