IBM shares plunged after the company warned that Q2 revenue and earnings would miss expectations, blaming customers' sudden shift in spending toward AI hardware instead of software services. However, CEO Arvind Krishna did not place all the blame on IBM's customers. The CEO also said it "faltered" by failing to "anticipate the magnitude of the capex reprioritization." "These conditions require our teams to execute perfectly, and this quarter we faltered. We did not adapt and move quickly enough, and numerous large deals failed to close on the timelines we expected, driving the majority of our shortfall." Fast Company reports: In the preliminary report, IBM said that for its second quarter of fiscal 2026, it expects revenue of $17.2 billion, which is up 1%. It also said it expects a Non-GAAP Diluted Earnings Per Share (EPS) of $2.93, up 5%. However, as noted by CNBC, these preliminary results are below what analysts were expecting, which was $17.86 billion in revenue, and an EPS of $3.01, according to FactSet data.

Read more of this story at Slashdot.

Since February, New York state police have arrested 48 people for trespassing on a former IBM campus in Somers, New York, reports the Wall Street Journal. 30 of the arrests were teenagers. The long-vacant site has become a magnet for so-called urban explorers, who prowl abandoned malls, hospitals, power plants, amusement parks, factories and any other disused structure they can breach... [I]t's been turbocharged by artsy videos on Instagram and TikTok that spur others to create their own posts, luring still more curiosity seekers... In Somers, social-media images of the old IBM campus — a sprawling, pyramid-studded 1980s complex designed by the late I.M. Pei's firm — show dystopian scenes: busted windows, tossed rooms and graffitied walls. But they also give eerie glimpses of conference rooms and cubicles unchanged since IBM left a decade ago, as if employees had fled the daily grind one day and never returned... One man in his mid-20s faces felony charges; police allege he had a loaded 9mm gun and took a Sony camera and power strip among other souvenirs. Andrew Proto, a defense lawyer, said "a 15-second clip" isn't worth a criminal record... Proto said he has represented or advised several minors arrested on the campus. The Somers town court clerk said some defendants received a 6-month "adjournment in contemplation of dismissal," meaning charges will be dropped and their arrest sealed if they avoid trouble. Some explorers who have posted about the IBM site say they follow an observe-and-preserve ethos and reject vandalism. They say they're driven by curiosity, the thrill of roaming forbidden spaces and a zeal to document discoveries — and that they're careful and know their limits. "It actually gives me hope when I hear that kids are out there getting into trouble," says Bradley Garrett, a cultural geographer and author of the book "Explore Everything: Place-Hacking the City," about his own urbex adventures. He sees urban exploration as "a gateway drug in a good way, sometimes, into intellectual curiosity about history and culture." But Garrett said popular spots can be "loved to death" online — and then shut down, looted or set ablaze. "Trespassers were blamed for a March 30 fire, reports a local newspaper, "that damaged one of the buildings and required volunteer firefighters to spend three hours extinguishing the blaze."

Read more of this story at Slashdot.

IBM has unveiled "what it says is the world's first sub-1-nanometer chip technology," reports ZDNet, "designed to pack nearly 100 billion transistors on a fingernail-size die, roughly doubling the density of IBM's earlier 2-nm test chip, first shown in 2021... Today, the smallest, most powerful chips top out at about 80 billion transistors." At the heart of the announcement is NanoStack. This is a three-dimensional, nanosheet-based transistor design that scales vertically, or along the z-axis, by stacking and staggering CMOS devices. Unlike today's nanosheet architectures, which IBM also pioneered and which are being adopted by leading foundries at 3 nm and 2 nm, NanoStack bonds two nanosheet transistors into a single vertical structure, with each tier optimized independently and contacted from opposite sides. Each transistor in the demonstrated structure uses three sub-5 nm-thick nanosheets, about "15 silicon atoms" across, separated by roughly 9 nm spacers. Two such devices are then bonded vertically using an ultra-thin dielectric process IBM describes as a key innovation. Because the top and bottom devices can use different channel materials, dielectrics, and metals, IBM argues NanoStack is less a single trick and more a transistor platform that can be extended through multiple generations: 7 angstrom (Å), 5 Å, 3 Å, and potentially down to 1 Å in its internal roadmap. An angstrom, by the by, is one ten-billionth of a meter. In terms of chips, an angstrom is a tenth of a nanometer. "This is the world's first sub-1 nanometer chip technology with a new transistor architecture," said Jay Gambetta, Director of IBM Research and IBM Fellow, during a press briefing. "We're not just making smaller transistors, we're reinventing how chips are built to deliver dramatically more power and energy efficiency...." Based on internal benchmarking against its 2 nm node, the company said its new chips will deliver up to 50% higher performance at the same power, or up to 70% lower power for the same performance. Big Blue also highlighted a 40% improvement in the scaling of static random-access memory (SRAM) cell area relative to its 2 nm technology. This is a change IBM described as a "step the industry hasn't seen in over a decade" and one that could be particularly important for AI accelerators that live or die on on-chip memory bandwidth... According to Huiming Bu, IBM's VP of silicon technology R&D, NanoStack is a new paradigm. It's moving chips to scaling fully into three dimensions and giving the industry at least "another decade" of logic advances as it crosses from nanometers into angstroms... The 40% SRAM density bump could also help architects push caches and on-die memory closer to compute units, cutting data movement overhead in training and inference workloads. IBM sees a path to production use "in as early as the next 5 years", according to the article, and "expects NanoStack to eventually underpin CPUs, GPUs, mobile SoCs, and SRAM arrays." IBM's VP of silicon technology R&D says the new innovation "can improve performance by 50% compared to the best available chip today, and at the same time can reduce power by 70%."

Read more of this story at Slashdot.

IBM spent a decade "building, testing and improving" quantum computing, reports the Wall Street Journal. "This year, the company is laying the groundwork to turn that technology into a fully-fledged, scalable business from an expensive science project." IBM said last month it plans to form a new independent subsidiary called Anderon, a foundry to produce the silicon wafers needed to make quantum-computing processors. The venture is seeded by a $1 billion investment from the Trump administration and another $1 billion of IBM's own cash. Anderon will give the company a new line of business in selling wafers to other quantum-computing companies. It will also provide a steady stream of wafers to continue developing its own quantum technology, positioning IBM to capture part of what the Boston Consulting Group projects will be a $90 billion to $170 billion market for quantum-computing providers by 2040... The company also plans to spend an additional $9 billion over five years to advance the final stages of its quest to build a quantum-mechanics-powered computer capable and reliable enough for widespread use, a goal known as fault tolerance. That computer, named Starling, is being targeted for 2029. With Anderon, IBM is thinking beyond Starling, or even a more powerful quantum computer planned for 2033.

Read more of this story at Slashdot.

In a novel maneuver for a disruption operation against cyber attackers, industry and law enforcement teamed up to conduct a court takedown of two widely-used criminal tools at once rather than individually, Microsoft said Tuesday.

The takedown simultaneously went after Amadey, a botnet that can serve as a malware delivery system, and StealC, an infostealer. Cybercriminals often use them in conjunction and they rely on the same infrastructure, Microsoft said.

“When multiple parts of an operation are disrupted together, attacks are harder to launch, scale, and recover from,” said Steven Masada, assistant general counsel for Microsoft’s Digital Crimes Unit. “The result: fewer disrupted services, fewer opportunities for cybercriminals to profit, and more friction when they try to rebuild. It’s no longer enough to go after threats one by one. We need to interrupt how the attacks are put together.”

Microsoft had been tracking Amadey with ESET, BitSight, Lumen and Mitsui Bussan Secure Directions. Meanwhile, Europol had been investigating StealC alongside law enforcement partners including Germany’s Federal Criminal Police Office and the Dutch and Danish National Police as well as IBM X-Force and Proofpoint.

They then joined forces and turned to the Racketeer Influenced and Corrupt Organizations (RICO) Act, used to help authorities go after organized crime, to disrupt more than 200 command-and-control servers. Microsoft said it gained insights from its artificial intelligence product Copilot that “allowed the legal team to treat both malware families as part of a single criminal conspiracy.”

Microsoft regularly leads court-authorized disruption operations, but the industry and law enforcement partnerships combined with AI to expand data collection and identify connections beyond what one company could normally do, it said.

Amadey and StealC were linked to more than 140,000 infected computers around the globe in the first week of May alone, the company said. StealC has ranked among the top infostealers for years since its emergence in 2023 and sells in underground forums as a malware-as-a-service. It’s typically used by Russia-linked groups.

Amadey dates back to 2018, and is also commonly employed by Russian groups, including in attacks on Ukraine.

Their interaction shows the assembly line-like structure of modern cybercrime, Microsoft said. Even if the cybercriminals behind both tools never coordinate, their tools are designed to work together, it said.

“StealC is an infostealer that collects sensitive data from browsers, cryptocurrency wallets, messaging applications, email clients, and gaming platforms,” the company wrote in a separate blog post. “It is a malware-as-a-service (MaaS) offering that threat actors use to generate customized payloads and manage stolen data through a centralized web panel. Meanwhile, Amadey is a MaaS loader that threat actors use to deliver StealC and other malware. Modular, pay-as-you-go models like StealC and Amadey allow threat actors to use a single initial infection to quickly escalate into multiple other threats.”

The post In a first, a court takedown goes after two cybercrime tools at once appeared first on CyberScoop.

This year, I’m going to find some time to practice voice dictation for my writing. I’ve been typing for over 60 years and I’m still pretty good at it, but these old fingers aren’t what they used to be. In the past few months, I’ve noticed an increasing number of typing errors and noticed something […]