Thousands of “ghost students” use AI to steal millions in student loans, DOJ says
Applying for FAFSA may get messy as DOJ “ghost student” crackdown ramps up.
Read the full story on Ars Technica.
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Startups
Elon Musk, a Guy Who Destroyed the Future for Millions, Advises You Not to Save Money
You could start handing out your cash any day, man.
Startups
Joshua Kushner’s Thrive Holdings agrees to buy ADT for $7.6bn in cash
Thrive Holdings, the holding company set up by Joshua Kushner’s Thrive Capital, has agreed to buy ADT for $10 a share in cash. ADT sells home security systems in the US. The deal values ADT at about $7.6bn in equity and $15.3bn in enterprise value.
Startups
The Week’s 10 Biggest Funding Rounds: Physical AI And Predictions Lead The Lineup
This week featured a robust lineup of large rounds, led by manufacturing startup Re:Build, which closed on $2.1 billion, and predictions marketplace Kalshi, which picked up another $1 billion.
Startups
Cognition weighs funding at up to $80bn valuation, Business Insider reports
Cognition, the startup behind the AI coding agent Devin, has received investor offers that value it at $70bn to $80bn. The San Francisco company is seriously considering raising a new round before the end of the year.
Startups
Entourage closes €100m second fund, passing its target in two weeks
Entourage, the early-stage venture firm founded by Showpad co-founder Pieterjan Bouten, has closed its second fund at €100m. It passed its €75m target within two weeks, took more than €100m in commitments, and capped the fund there.
Startups
2.8 Million Eels Keep Swarming This Underwater Mountain—and Scientists Still Don’t Know Why
The team counted approximately 3,500 metric tons’ worth of eels. Yes, tons.
Latest from Ars Technica
General Tech
Rare meteorite from Mars gives us a view into its ancient crust
A meteorite found in the Sahara is a rare piece of Mars’ ancient crust.
Artificial Intelligence
Fujifilm to boost tape production 5x as AI fuels archiving demand
Low costs and offline security mean magnetic tape still has a job.
General Tech
Analysts find looming launch crisis is “more severe” than anticipated
There’s no evidence that Starship will launch traditional satellites, either.
Startups
GM to pay $220 million after selling customer Smart Driver data
Owners of GM cars found their driving data had been sold to insurance companies.
Latest digest
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