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Artificial intelligence is rapidly reshaping the legal field

Law firms are hiring talent from the tech industry as they integrate AI and even develop bespoke tools for clients. They're adapting their pricing models, in some cases offering a choice between services provided by AI and full-fledged legal advice from human lawyers. Firms are also contemplating how to restructure as they turn over routine tasks to AI and need fewer junior associates.

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Zcash plummets 58% as Claude reveals a major bug that went undetected for four years

Shielded Labs revealed that the bug could have helped an attacker print unlimited counterfeit tokens. That could have damaged trust in the token's supply and its value.

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AWS builds search system for AI's 'bursty workflows'

Amazon Web Services has launched OpenSearch Serverless, a new search and vector database tailored for AI agents. The new system allows for instant scaling based on demand, reducing costs when idle, the company says. As AI agents become more common, with predictions of machine-generated traffic exceeding human traffic by 2027, cloud providers are rethinking their infrastructure. The new service decouples compute from storage, aiming to enhance efficiency and resource management for enterprises deploying AI solutions.

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BlackBerry stock hits 52-week high at $9.05

BlackBerry Ltd’s stock reached a significant milestone by hitting a 52-week high of $9.05, with shares currently trading at $9.08. This upward movement marks a notable achievement for the company, reflecting a robust performance over the past year. The stock has delivered a remarkable year-to-date return of 132%, with particularly strong momentum showing an 11% gain in just the past week.

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Claude Opus 4.8 is HERE!

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Google, Blackstone team up to launch AI cloud venture

Google and Blackstone plan to launch a cloud company using Google's specialized chips, the companies announced. Blackstone will be majority owner of the venture, The Wall Street Journal reports, contributing $5 billion in initial funding. With plans to bring 500 megawatts of capacity online in 2027, the partnership aims to meet surging demand for AI computing power while rivaling CoreWeave and Nvidia. Google announced last month it was developing tensor processing units, or TPUs, designed specifically for inference to enhance model efficiency.

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Cisco forecasts strong sales growth, plans job cuts

Cisco Systems saw its shares climb in after-hours trading after reporting a better-than-expected sales forecast, projecting revenue as high as $16.9 billion for the current quarter. To focus on its growing AI market, however, the company says it plans to cut fewer than 4,000 jobs. The restructuring comes as Cisco looks to shore up its competitive position in the AI sector, with the company anticipating $9 billion in orders from data center customers in the current fiscal year, well above the $5 billion it initially projected.

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Cloudflare announces layoffs of over 1,100 employees

Cloudflare is laying off over 1,100 employees globally as part of a reorganization to adapt to a rapid increase in AI usage, which has "fundamentally changed" its workflow, the co-founders said in a letter. The job cuts are neither a "cost-cutting exercise" nor performance-related, according to the statement, and affected employees will receive their full base pay through the end of the year. The tech company also reported earnings and revenue that beat analyst estimates Thursday.