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SEC Investigating Near-Implosion of AI Hedge Fund Published on 2026-08-24T22:00:00Z The SEC is investigating the near-collapse of AI-focused hedge fund Situational Awareness, sending subpoenas to major Wall Street banks for details about the fund's trades, borrowing, and communications with lenders. The fund, founded by former OpenAI researcher Leopold Aschenbrenner, managed over $30 billion and borrowed tens of billions more before leveraged bets unraveled, forcing it to sell most of its stock portfolio to Citadel at a discount. The New York Times reports: The subpoenas asked for details on the timing of Situational Awareness's trades and for its communications with lenders about the money it was borrowing, also known as "leverage," two of those people said. The subpoenas additionally warned the banks to preserve any information regarding the San Francisco hedge fund. The S.E.C. oversees financial markets with an eye toward protecting small investors, and has broug...

Trump Admin Moves to Impose More Than $100K Fee For H-1B Worker Visas Published on 2026-08-24T21:00:00Z The Trump administration is proposing to make permanent a $103,265 fee on certain new H-1B visas, dramatically increasing costs for employers that rely on highly skilled foreign workers in tech, education, and research. "A federal judge in June ruled that the fee was illegal and blocked the Trump administration from collecting it," reports Reuters. "A Boston-based appeals court is reviewing that decision while a different court considers whether a judge properly rejected a challenge to the fee by a major business group." From the report: Trump's temporary fee increase expires in September, one year after it was issued. The proposed rule by the U.S. Department of Homeland Security, posted in the Federal Register on Monday, would make a fee of $103,265 permanent. It could be finalized by the end of the year. The H-1B program allows U.S. employers to hire forei...

Raspberry Pi Shares Its Official Tutorial For Making a Cyberdeck Published on 2026-08-24T20:00:00Z Raspberry Pi has published an official guide for building a cyberdeck, leaning into a viral trend of homemade portable computers built from repurposed cases, purses, and other oddball hardware. The guide uses a Raspberry Pi 5, keyboard, battery, and Pelican-style case. The Verge reports: Raspberry Pi's head of social, Ashley Whittaker, acknowledged the cyberdeck trend today, saying "we haven't been able to get away from cyberdecks this year." Raspberry Pi has also increased its prices multiple times this year due to rising costs for RAM and other components, which could be another reason to support this growing market of active and would-be hobbyists. The 16GB version of the Raspberry Pi 5 included in the company's official cyberdeck guide got a $100 price hike in April, nearly as much as the board's original $120 price. Read more of this story at Slashd...

Nvidia Senior Manager Linked To Supermicro Scheme Smuggling AI Servers To China Published on 2026-08-24T19:00:00Z An anonymous reader quotes a report from Ars Technica: Taiwan has indicted nine people -- reportedly including an Nvidia senior manager and two Supermicro employees based in the country -- who allegedly helped forge documents to cover up illegal exports of high-end AI servers to China in violation of US export controls. On Monday, Reuters reported that prosecutors in Keelung did not release any names but confirmed that the suspects were "charged with breach of trust and document forgery." One suspect linked to a related case remains at large, accused of the "siphoning of funds from a distributor company involved" in helping China get access to restricted Nvidia chips. Since 2022, the US has required a license to export semiconductors to China, with the intent of protecting national security by staying ahead of China in the AI race. But after the US a...

Could Mecha Comet's Linux PC-Phone Hybrid Be the Future of Linux Smartphones? Published on 2026-08-24T02:31:00Z 3,346 backers pledged $1,198,844 on Kickstarter to build the (modular) handheld Linux computer, the Mecha Comet. It's slightly bigger and heavier than your smartphone, with a 4-inch AMOLED display and loaded up with things like microphones, speakers, a SIM tray, two USB ports and a mini HDMI port. There's three separate kill switches for wifi, microphone and camera — plus a "boot mode" switch for the SD card, and even three pins for instant access to its debug console. It's now expected to ship in October or November (and is still available for preorder). Snap-in extensions include a keyboard (with programmable colors for its backlit keys), a gamepad, and a special IO Breakout that exposes the 40 pogo pins for modules, sensors, and MCUs. They're all open hardware, and founder Shoaib Merchant says "I'm looking forward to more commu...

The Global Race To Make a Practical Quantum Computer Just Took a Big Leap Forward Published on 2026-08-23T23:53:00Z It's "radically different from other quantum computers" reports Phys.org. The Helios system uses trapped ions — charged atoms suspended in free space using electromagnetic fields. But it operates with 98 qubits — making it the largest trapped-ion quantum computer built so far. Quantinuum, the company behind the device, is based in Cambridge, U.K., and Broomfield, Colorado. It demonstrated earlier machines operating on 32 qubits in 2023 and 56 qubits in 2025... It relies on two major advances — one in hardware and one in software. First, the four-way X junction lets the system handle several tasks at once rather than one at a time, which is much faster. That was impossible in earlier QCCD [quantum charge-coupled device] machines, which could only move data back and forth in a single line or loop. Second, judicious use of the freedom offered by the ...

OpenAI Faces Safety Scrutiny After Introducing 'ChatGPT For Teens' Published on 2026-08-23T20:59:00Z This week OpenAI launched a version of ChatGPT exclusively designed for teenagers between the ages of 13 and 17, reports CTV, "saying this version came with stronger protections around content related to mentions of suicide, self-harm and romantic or sexual chats." [Tech analyst Carmi Levy says] "What it's doing is it's using cues, it's sort of watching how you're using the tool, and it's trying to guess your age." Levy said if ChatGPT thinks a person has lied about their age when they first signed up, it will automatically put them into the Teens mode for protection. "It includes those sort of two things: prevent you from having experiences that are age inappropriate, and also add features that are aligned with academics, so that makes it easier to study, makes it less likely for you to cheat on an assignment, provide resources tha...