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Apple integrates Anthropic’s Claude and OpenAI’s Codex into Xcode 26.3 in push for ‘agentic coding’

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Apple on Tuesday announced a major update to its flagship developer tool that gives artificial intelligence agents unprecedented control over the app-building process, a move that signals the iPhone maker’s aggressive push into an emerging and controversial practice known as “agentic coding.”

Xcode 26.3, available immediately as a release candidate, integrates Anthropic’s Claude Agent and OpenAI’s Codex directly into Apple’s development environment, allowing the AI systems to autonomously write code, build projects, run tests, and visually verify their own work — all with minimal human oversight.

The update is Apple’s most significant embrace of AI-assisted software development since introducing intelligence features in Xcode 26 last year, and arrives as “vibe coding” — the practice of delegating software creation to large language models — has become one of the most debated topics in technology.

Apple says that while integrating intelligence into the Xcode developer workflow is powerful, the model itself still has a somewhat limited aperture. It answers questions based on what the developer provides, but it doesn’t have access to the full context of the project, and it’s not able to take action on its own. That changes with this update, the company said during a press conference Tuesday morning.

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How Apple’s new AI coding features let developers build apps faster than ever

The key innovation in Xcode 26.3 is the depth of integration between AI agents and Apple’s development tools. Unlike previous iterations that offered code suggestions and autocomplete features, the new system grants AI agents access to nearly every aspect of the development process.

During a live demonstration, an Apple engineer showed how the Claude agent could receive a simple prompt — “add a new feature to show the weather at a landmark” — and then independently analyze the project’s file structure, consult Apple’s documentation, write the necessary code, build the project, and take screenshots of the running application to verify its work matched the requested design.

According to Apple, the agent is able to use tools like build and screenshot previews to verify its work, visually analyze the image, and confirm that everything has been built accordingly. Before, when interacting with a model, it would provide an answer and just stop there.

The system creates automatic checkpoints as developers interact with the AI, allowing them to roll back changes if results prove unsatisfactory — a safeguard that acknowledges the unpredictable nature of AI-generated code.

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Apple says it worked directly with Anthropic and OpenAI to optimize the experience with particular attention paid to reducing token usage — the computational units that determine costs when using cloud-based AI models — and improving the efficiency of tool calling.

According to the company, developers can download new agents with a single click, and they update automatically.

Why Apple’s adoption of the Model Context Protocol could reshape the AI development landscape

Underlying the integration is the Model Context Protocol, or MCP, an open standard that Anthropic developed for connecting AI agents with external tools. Apple’s adoption of MCP means that any compatible agent — not just Claude or Codex — can now interact with Xcode’s capabilities.

Apple says this also works for agents that are running outside of Xcode. Any agent that is compatible with MCP can now work with Xcode to do all the same things — project discovery and change management, building and testing apps, working with previews and code snippets, and accessing the latest documentation.

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The decision to embrace an open protocol, rather than building a proprietary system, represents a notable departure for Apple, which has historically favored closed ecosystems. It also positions Xcode as a potential hub for a growing universe of AI development tools.

Xcode’s troubled history with AI tools — and why Apple says this time is different

The announcement comes against a backdrop of mixed experiences with AI-assisted coding in Apple’s tools. During the press conference, one developer described previous attempts to use AI agents with Xcode as “horrible,” citing constant crashes and an inability to complete basic tasks.

Apple acknowledged the concerns while arguing that the new integration addresses fundamental limitations of earlier approaches.

The company says the big shift is that Claude and Codex have so much more visibility into the breadth of the project. If they hallucinate and write code that doesn’t work, they can now build, see the compile errors, and iterate in real time to fix those issues — in some cases before presenting it as a finished work.

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Apple argues that the power of IDE integration extends beyond error correction. Agents can now automatically add entitlements to projects when needed to access protected APIs — a task the company says would be otherwise very difficult for an AI operating outside the development environment dealing with binary files it may not have the format for.

From Andrej Karpathy’s tweet to LinkedIn certifications: The unstoppable rise of vibe coding

Apple’s announcement arrives at a crucial moment in the evolution of AI-assisted development. The term “vibe coding,” coined by AI researcher Andrej Karpathy in early 2025, has transformed from a curiosity into a genuine cultural phenomenon that is reshaping how software gets built.

LinkedIn announced last week that it will begin offering official certifications in AI coding skills, drawing on usage data from platforms like Lovable and Replit. Job postings requiring AI proficiency doubled in the past year, according to edX research, with Indeed’s Hiring Lab reporting that 4.2% of U.S. job listings now mention AI-related keywords.

The enthusiasm is driven by genuine productivity gains. Casey Newton, the technology journalist, recently described building a complete personal website using Claude Code in about an hour — a task that previously required expensive Squarespace subscriptions and years of frustrated attempts with various website builders.

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More dramatically, Jaana Dogan, a principal engineer at Google, posted that she gave Claude Code “a description of the problem” and “it generated what we built last year in an hour.” Her post, which accumulated more than 8 million views, began with the disclaimer: “I’m not joking and this isn’t funny.”

Security experts warn that AI-generated code could lead to ‘catastrophic explosions’

But the rapid adoption of agentic coding has also sparked significant concerns among security researchers and software engineers.

David Mytton, founder and CEO of developer security provider Arcjet, warned last month that the proliferation of vibe-coded applications “into production will lead to catastrophic problems for organizations that don’t properly review AI-developed software.”

“In 2026, I expect more and more vibe-coded applications hitting production in a big way,” Mytton wrote. “That’s going to be great for velocity… but you’ve still got to pay attention. There’s going to be some big explosions coming!”

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Simon Willison, co-creator of the Django web framework, drew an even starker comparison. “I think we’re due a Challenger disaster with respect to coding agent security,” he said, referring to the 1986 space shuttle explosion that killed all seven crew members. “So many people, myself included, are running these coding agents practically as root. We’re letting them do all of this stuff.”

A pre-print paper from researchers this week warned that vibe coding could pose existential risks to the open-source software ecosystem. The study found that AI-assisted development pulls user interaction away from community projects, reduces visits to documentation websites and forums, and makes launching new open-source initiatives significantly harder.

Stack Overflow usage has plummeted as developers increasingly turn to AI chatbots for answers—a shift that could ultimately starve the very knowledge bases that trained the AI models in the first place.

Previous research painted an even more troubling picture: a 2024 report found that vibe coding using tools like GitHub Copilot “offered no real benefits unless adding 41% more bugs is a measure of success.”

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The hidden mental health cost of letting AI write your code

Even enthusiastic adopters have begun acknowledging the darker aspects of AI-assisted development.

Peter Steinberger, creator of the viral AI agent originally known as Clawdbot (now OpenClaw), recently revealed that he had to step back from vibe coding after it consumed his life.

“I was out with my friends and instead of joining the conversation in the restaurant, I was just like, vibe coding on my phone,” Steinberger said in a recent podcast interview. “I decided, OK, I have to stop this more for my mental health than for anything else.”

Steinberger warned that the constant building of increasingly powerful AI tools creates the “illusion of making you more productive” without necessarily advancing real goals. “If you don’t have a vision of what you’re going to build, it’s still going to be slop,” he added.

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Google CEO Sundar Pichai has expressed similar reservations, saying he won’t vibe code on “large codebases where you really have to get it right.”

“The security has to be there,” Pichai said in a November podcast interview.

Boris Cherny, the Anthropic engineer who created Claude Code, acknowledged that vibe coding works best for “prototypes or throwaway code, not software that sits at the core of a business.”

“You want maintainable code sometimes. You want to be very thoughtful about every line sometimes,” Cherny said.

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Apple is gambling that deep IDE integration can make AI coding safe for production

Apple appears to be betting that the benefits of deep IDE integration can mitigate many of these concerns. By giving AI agents access to build systems, test suites, and visual verification tools, the company is essentially arguing that Xcode can serve as a quality control mechanism for AI-generated code.

Susan Prescott, Apple’s vice president of Worldwide Developer Relations, framed the update as part of Apple’s broader mission.

In a statement, Apple said its goal is to make tools that put industry-leading technologies directly in developers’ hands so they can build the very best apps. The company says agentic coding supercharges productivity and creativity, streamlining the development workflow so developers can focus on innovation.

But the question remains whether the safeguards will prove sufficient as AI agents grow more autonomous. Asked about debugging capabilities, Apple noted that while Xcode has a powerful debugger built in, there is no direct MCP tool for debugging.

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Developers can run the debugger and manually relay information to the agent, but the AI cannot yet independently investigate runtime issues — a limitation that could prove significant as the complexity of AI-generated code increases.

The update also does not currently support running multiple agents simultaneously on the same project, though Apple noted that developers can open projects in multiple Xcode windows using Git worktrees as a workaround.

The future of software development hangs in the balance — and Apple just raised the stakes

Xcode 26.3 is available immediately as a release candidate for members of the Apple Developer Program, with a general release expected soon on the App Store. The release candidate designation — Apple’s final beta before production — means developers who download today will automatically receive the finished version when it ships.

The integration supports both API keys and direct account credentials from OpenAI and Anthropic, offering developers flexibility in managing their AI subscriptions. But those conveniences belie the magnitude of what Apple is attempting: nothing less than a fundamental reimagining of how software comes into existence.

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For the world’s most valuable company, the calculus is straightforward. Apple’s ability to attract and retain developers has always underpinned its platform dominance. If agentic coding delivers on its promise of radical productivity gains, early and deep integration could cement Apple’s position for another generation. If it doesn’t — if the security disasters and “catastrophic explosions” that critics predict come to pass — Cupertino could find itself at the epicenter of a very different kind of transformation.

The technology industry has spent decades building systems to catch human errors before they reach users. Now it must answer a more unsettling question: What happens when the errors aren’t human at all?

As Apple conceded during Tuesday’s press conference, with what may prove to be unintentional understatement: “Large language models, as agents sometimes do, sometimes hallucinate.”

Millions of lines of code are about to find out how often.

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Emergency Bolt-Action Launcher For EpiPens

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Imagine you and your friend are enjoying a nice sunny day, and BAM — they start to have a severe allergic reaction to who knows what. You have an EpiPen, but your friend is on the other side of a field! The solution? Obviously [Emily The Engineer] has only one option: build an entire EpiPen launcher!

Starting off the life-saving project, [Emily] prototyped with a 3D printed blank and a simple solenoid-controlled glorified potato cannon. This proved effective, as one would expect of such a project after successful tests on a human subject. However, there was one simple problem: what if you missed your initial shot?

To ensure no possible failed missions, a bolt-action magazine was retrofitted onto the device. Additionally, an air compressor placed in a mobile backpack carrier allows for repeated mobile use. Official testing was done on ballistic gel before a “war game” scenario played out involving an anaphylactic friend. As one would assume, this went perfectly, ignoring the time delay of having to wait for the compressor to build up enough pressure…

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Anyways, even if you won’t be using this EpiPen launcher anytime soon, there are some actual DIY medical miracles you can look into! Something that’s a tad less insane to hack together than an EpiPen gun would be a splint. That is exactly what you can learn about here!

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Intel reveals secret sauce to keep gaming laptops running quieter and cooler

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If you’ve ever played video games on a laptop that sounded like a small aircraft trying to take off, Intel has heard you (and your laptop). The company’s Chinese division has launched “AI Quiet Plus,” a new certification and optimization program for gaming laptops (via VideoCardz). 

As the name suggests, the feature uses artificial intelligence to dramatically reduce fan noise and surface heat while maintaining performance. 

How does AI Quiet Plus actually work?

It might be a bit confusing at first, since AI Quiet Plus isn’t a chip or a software update that you can download on the go. As mentioned earlier, it’s a certification standard that OEM partners must meet to carry the label.

The program uses the Neural Processing Unit (NPU) built into Intel’s Core Ultra 200HX Plus processors to monitor temperature, workload, power consumption, and fan speed in real-time. 

Rather than running the cooling fan at maximum speed a few minutes into a game (when the motherboard starts to heat up a bit), the system claims to intelligently read gaming conditions and adjust cooling only when it is actually required. 

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What does this mean for everyday gamers?

OEMs meeting the new standard must meet more stringent targets across acoustics, keyboard and chassis temperatures, and battery efficiency. The technology builds directly on Intel China’s “AI Quiet Gaming Laptop” initiative. 

For everyday gamers, the AI Quiet Plus should translate to less disturbance and annoyance from the rocket engines on the laptop, less heat for your wrists, should you hop onto an urgent mail trail in the middle of your gaming session, and a longer battery life between charging sessions.

The first laptops certified under this program are expected to reach the market by the end of 2026. These would include laptops from brands like Asus, MSI, Lenovo, and Acer. For now, the program is tied to the Core Ultra 200HX Plus chips, which came out in March 2026. 

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5 Car Shows Worth Checking Out In Spring 2026

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For a certain kind of person, cars are more than transportation; they’re a genuine obsession, culture, and way of life. Regardless if you’re a seasoned collector hunting for your next garage queen, a buyer who wants to see a few new models in person before committing, or someone who simply appreciates the engineering and design that goes into a well-built machine, a car show has something to offer for everyone.

Spring is when the regional calendar fills up across the country, the weather cooperates, and the variety of cars on display gets genuinely impressive. The energy at a well-run show is hard to replicate — you get lifted trucks parked next to vintage Porsches parked next to whatever someone built in their garage over winter, all in the same field. Some people prefer smaller, more informal events, while others want the hustle and bustle of a major car show.

As such, the options in 2026 are plentiful. Whether it’s a Saturday morning cruise-in, a full-blown concours, or a week-long festival with drag racing and swap meets, these events are where car memories are made. For a deeper dive into what makes these events worth the trip, here are five car shows worth checking out in spring 2026.

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Goodguys 11th Griot’s Garage North Carolina Nationals | April 17–18 | Raleigh, NC

The Goodguys circuit is one of the most well-established hot rod and custom car show series in the country with more than 70,000 members across the globe. The Goodguys 11th Griot’s Garage North Carolina Nationals presented by Grundy Insurance brings classic cars, custom trucks, hot rods, and family fun to the North Carolina State Fairgrounds on April 17 and 18. The show floor features over 1,500 of the Southeast’s finest 1999-and-older hot rods.

It also includes trucks, customs, muscle cars, and classics, alongside Goodguys AutoCross Racing action, a swap meet, a Cars 4 Sale Corral, vendor midway, and live music. The top awards of the weekend are handed out on Saturday, including the coveted Builder’s Choice Top 10 by Goolsby Customs. Goodguys, which bills itself as the world’s largest hot-rodding association, runs 15 events across the country annually, and the upcoming Raleigh stop is one of the more accessible ones for enthusiasts on the East Coast.

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General admission (GA) runs between $10 to $30 while member tickets range from $10 to $24. If that sounds interesting to you and you want to book your tickets, here are 10 common hot rod terms to learn so you don’t sound completely lost when you get there.

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Old Town Festival of Speed & Style | May 17 | Alexandria, VA

Alexandria, Virginia plays host to one of the more distinctive car events on the East Coast calendar this spring. The Old Town Festival of Speed & Style is back for its seventh year, and is being held on May 17, 2026. Now, if you are a fan of a famous Italian prancing horse brand, this is the place to be since this year’s edition puts a spotlight on Ferrari, with examples ranging from the 1950s all the way through to current production.

This means that you might even be able to see some of the best-looking Ferraris of all time like the F40 or the 288 GTO up close. Such a sight is not to be missed, which is partly why the attendance is expected to surpass 40,000, with judging across 11 award categories wrapping up at noon. What separates this event from a standard car show is the fashion component — models are styled specifically to complement a selection of the cars on display, merging automotive and haute couture in a way few shows attempt.

If you want to feel fancy and important next to a bunch of classic Ferraris, this year’s event will start on May 16 with the High-Octane Ball gala where visitors are expected to wear formal white, black, and red. As this is a fancy event, the tickets are priced accordingly, between $125 and $250. For those content for just having their cars present, applications cost $125 and are open until April 30th. 

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JDM Fest | July 10–11 | Mirabel, Quebec, Canada

Although lusting after hot rods and classic Ferraris is a great way to spend a weekend, what if you are a die-hard Japanese domestic market (JDM) enthusiast who does not care about either? Well, you are in luck. For anyone whose taste runs toward Japanese car culture, JDM Fest at ICAR Route 66 in Mirabel, Quebec on July 10-11 is the event to have on the radar. First held in 2011, the event draws fans of both modified and factory-original Japanese vehicles.

Think Toyota, Honda, Nissan, Mazda, and Subaru. If a long winter without seeing an R34 in the flesh has you down bad, ICAR Route 66 is the perfect antidote, as it’s Canada’s largest Japanese car show. Last year, it pulled in over 13,000 spectators, and the programming goes well beyond a static display. A Show N Shine Top 100 competition awards trophies across several classes, while dedicated zones exist for right-hand-drive JDM exclusives, club gatherings, and exhibition vehicles that don’t compete.

On the track side, drift competition runs across the entire weekend and a Drag Shootout offers prize money in the street class. 12 and under are free to enter, while GA tickets range between $48 and $50 Canadian. Here are 35 affordable JDM cars we recommend, so you can shortlist a few once you arrive and finally make your JDM dream a reality.

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Greenwich Concours d’Elegance | May 30–31 | Greenwich, CT

With JDMs out of the way, it’s time to go back to the refined end of the car collector world. If that sounds like something up your alley, the Greenwich Concours d’Elegance in southwestern Connecticut at the end of May is worth marking on the calendar. Now in its 30th anniversary year, the event is backed by Hagerty and has established itself as one of the most important concours events in the Northeast.

According to Greenwich Concours, this year will host Paul Russell, a preservationist and European collector car specialist who spent two years and more than 9,500 hours restoring Ralph Lauren’s 1938 Bugatti Type 57SC Atlantic – the most expensive car in Lauren’s collection. The weekend runs across two distinct events — Saturday’s Concours de Sport centers on high-performance machinery, while Sunday’s Concours d’Elegance is judged on historical importance and design distinction.

Expert panels, live restoration demonstrations, and direct access to car owners and fellow enthusiasts are woven throughout the program. A two day pass is currently priced at $110, but separate events can reach up to $225. If you want to experience the event without paying big bucks, the Concours GA is priced at $60, while the Greenwich Concours de Sport GA is also priced at $60.

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Hagerty Cars & Caffeine at Indianapolis Motor Speedway | June 20–21 | Indianapolis, IN

Few car shows can claim a setting as iconic as the one behind this next entry. The Hagerty Cars & Caffeine Car Show arrives at Indianapolis Motor Speedway — nicknamed The Brickyard — on June 20-21, pairing a full show field with live racing on one of the most storied tracks in the world. 

The show welcomes all classic, vintage, collector, muscle, modern, and exotic cars and motorcycles, with car clubs encouraged to attend. On the racing side, the weekend features 850-hp Trans Am cars, classic Porsches, Alfa Romeos, Corvettes, and even historic Formula 1 and Indy cars. Here is a detailed explanation of all of the differences between F1 and Indy racing so you can spot the details in the flesh. 

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Show car registrants receive a pair of two-day passes and access to a guided paddock walking tour on Sunday, putting attendees directly alongside the race machinery and the people behind it. Ticket prices are provided upon registration, while discounts are available for Hagerty Drivers Club members, military members, veterans, and first responders.

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How we made the list

Although most people reading this article share the love and passion for cars, not everyone likes the same ones. Different generations grew up liking different vehicles, and the idea of this article was to include a wide variety of car shows with multiple separate events in order to satisfy most people. Whether it be fashion and cars, straight-up hot-rodding, exotic track toys, drifting JDMs, muscle cars, historic F1 and Indy cars, drag races, motorcycles, Corvettes, 850 horsepower Trans Ams, or the very top-end of collector Ferrari cars, we listed as many as we could.

To make sure our list provides some of the best venues to visit, we dug through countless event programs, media coverage, past events, important cars, attendance numbers, and distinct legacies to make sure every experience is unique and worth the trip. All events are situated in North America.



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Character.AI Will Use AI to Let You Play a Character in Your Favorite Book

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I can rip through a book or three a week, depending on my schedule. I just truly feel like there’s nothing better than becoming immersed in the plot and, specifically, diving into the minds of the characters. I’ve always gravitated toward fantasy books, with their mesmeric world-building and action-packed scenes. Like many people, I literally ached to be at Hogwarts when I was reading the Harry Potter series for the first time. With the progress of artificial intelligence, we’re getting closer to a reality where we can dive into those favorite stories. 

A new feature for Character.AI, launched Thursday, is an AI-powered role-play experience that allows you to play as a character inside your classic literature text. Called Books, the feature will launch with more than 20 public-domain titles, including Alice in Wonderland, Pride and Prejudice, Dracula, Frankenstein, Romeo and Juliet, and The Great Gatsby.

This new feature moves beyond Character.AI’s standard interactive open-ended chatting to an immersive storytelling experience and narrative-driven entertainment. 

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Character.AI seems to be taking a step back from just offering open-ended chat functionality, which can be risky for emotionally vulnerable users or teens. Google and Character.AI both settled lawsuits earlier this year related to claims that these AI chatbots caused emotional harm to minors and led children to die by suicide. Last year, Character.AI made sweeping policy and safety changes, barring anyone under the age of 18 from using the platform for open-ended chats.

Read also: Character.AI: What to Know About the Role-Playing AI Tool and Its New Video Features

A screenshot from Character.ai where the user can pick a character to play from Alice in Wonderland.

You can step into a story, talk to its characters and play as one. 

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Character.AI

How Books works 

To get started, you can log into the Character.AI website and decide if you want to interact with Story Modes or Alternate Universe Remixes.

In Story Modes, you can choose to role-play as a specific character from a book or as your own from Character.AI. You can then choose to follow the original plot of the story with Book arc mode or create your own narrative with Go off script mode. Character.AI plans to launch more modes soon, such as TapTale, a more guided mode that offers prewritten prompts that you can choose to drive the narrative. 

Read also: Teens Can’t Talk to Character.AI’s Chatbots Anymore. Here’s What They Can Do Instead

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A screenshot of a user going through the beginning of Alice in Wonderland in c.ai's Books.

You can play The White Rabbit from Alice in Wonderland and interact with characters like Alice and the Duchess. 

Character.AI

You can also completely remix the universe of classic literature with Alternate Universe Remixes. In this mode, you can set Alice in Wonderland in space or make Elizabeth Bennet a modern rom-com heroine. 

Books is now available for Character.AI Plus subscribers on both mobile and web as part of Character.AI Labs.

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vivo X300 Ultra India Launch Expected in May: Specs, Price, Features

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After launching in China, the Vivo X300 Ultra is now expected to go global on April 24. Although vivo hasn’t officially confirmed the timeline, signs point toward an upcoming rollout. India may not have to wait much longer, as the launch is expected soon after, with the phone aiming to stand out mainly for its camera capabilities. Europe is expected to get the phone first, with other regions likely to follow soon after.

Key Specifications of Vivo X300 Ultra

X300 Ultra telephoto kit

From a specifications standpoint, the Vivo X300 Ultra will take the X300 Pro’s features to the next level. It will come with a 6.82-inch 2K LTPO OLED display with a 144 Hz refresh rate. It may also pack a 7,000mAh battery and use the Snapdragon 7 Elite Gen 5 chipset. Even though these are solid features, they are not the primary reason this phone stands out.

One of the standout features of the Vivo X300 Ultra is its camera system. The device is said to be equipped with two 200MP cameras, with one serving as the main camera and the other as the periscope telephoto lens. In addition, the device will have a 50MP ultrawide camera and a 50MP front-facing selfie camera. A separate teleconverter module will be available for this device, enabling users to capture high-zoom images.

India Launch Timeline and Availability

Vivo X300 Ultra india

The Vivo X300 Ultra is expected to launch in India around May, with sources suggesting a May 7 release date. However, the official release date has yet to be confirmed, and the launch is expected soon after this. The phone has already been showcased in India, with a recent picture posted showing it in the hands of Indian cricketer Shreyas Iyer.

Expected Price and Market Positioning

The upcoming Vivo X300 Ultra will likely have a high price point, particularly when considering international markets. In China, Vivo sells the 16GB + 1TB variant for about Rs 1.3 lakh, but in Europe, the company could price it at around EUR 1,900 (roughly Rs 2.08 lakh). At this price, it goes beyond devices like the iPhone 17 Pro Max and Samsung Galaxy S26 Ultra.

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Ex-PlayStation boss says Microsoft is ‘trying so hard to will’ Xbox Game Pass ‘into health’ and suggests ‘a clarifying post mortem would do the entire industry some good’

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  • Former PlayStation exec Shawn Layden has suggested Xbox can’t save Game Pass
  • Layden said Xbox is “trying so hard to will this into health” despite the current issues
  • This comes after a leaked memo from Xbox CEO Asha Sharma revealed plans to “evolve” the “expensive” service

Former PlayStation executive Shawn Layden has suggested Microsoft can’t save Xbox Game Pass, following comments made by Xbox CEO Asha Sharma about wanting to “evolve” the service.

Earlier this week, a leaked memo to employees obtained and reported on by The Verge showed Sharma admitting that the subscription service is now too expensive for members as she outlined a brief plan for how she aims to change things, writing, “Game Pass is central to gaming value on Xbox. It’s also clear that the current model isn’t the final one.

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The fintech that pivoted because of Kanye West just hit a $1.4B valuation

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Slash, the vertical banking platform built by two college dropouts, has raised a $100M Series C backed by Khosla Ventures and Ribbit Capital. The company’s valuation has nearly quadrupled since its May 2025 Series B, the latest leg of a comeback story that began when its core market evaporated overnight.


Slash, the San Francisco-based vertical banking platform, has raised $100 million in a Series C round at a $1.4 billion valuation, backed by Khosla Ventures and Ribbit Capital, Bloomberg reported on Wednesday.

The raise marks a sharp acceleration in the company’s trajectory: less than a year ago, Slash closed its Series B at a $370 million valuation. The new round values the company at nearly four times that figure.

Slash was founded by Victor Cardenas, a Stanford dropout, and Kevin Bai, who left the University of Waterloo, and its origin story is one of the more unusual in recent fintech. The pair initially built banking services for sneaker resellers, a niche that took off quickly.

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Then Kanye West made a series of antisemitic public statements in late 2022. Adidas terminated its partnership with the rapper, collapsing the Yeezy market that was the backbone of the sneaker reselling economy.

According to Cardenas, Slash’s revenue fell by 80% almost overnight. The company had raised $19 million and built a team around a market that had suddenly ceased to exist.

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Rather than fold, Cardenas and Bai pivoted to a broader thesis: vertical banking for online businesses. Instead of competing horizontally against Ramp, Mercury, and Brex, platforms that serve businesses across all industries, Slash builds tailored financial products for specific sectors.

The first post-pivot target was performance marketing firms, which run digital advertising campaigns on behalf of e-commerce companies.

A key pain point: these firms needed to create distinct accounts within their banking system for each end client to track prepayment and spending separately. Slash built that. By the time of its Series B announcement in May 2025, Cardenas told Fortune that more than 1% of all Facebook ads are bought with a Slash-issued card.

The pivot worked. Slash now serves verticals including web3, e-commerce, agencies, contractors, affiliate marketers, healthcare suppliers, online travel agencies, and wholesalers, alongside a stablecoin payments product and treasury and working capital tools.

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The company’s product suite has expanded considerably since the early days of virtual debit cards for teenagers. Current offerings include corporate cards, business banking, stablecoin payments, treasury management, working capital, global USD accounts, invoicing, and a platform layer with multi-entity support, accounting integration, expense management, global payments, an API, analytics, and AI agents.

The platform is built on Column, a chartered bank co-founded by a Plaid executive that was designed from the ground up to serve tech-forward fintech companies, a relationship Cardenas has credited with helping Slash navigate the turbulence that hit the fintech middleware sector when Synapse, a major banking-as-a-service intermediary, collapsed.

Khosla Ventures has a long record of early fintech bets that have paid off at scale, the firm was an early investor in Stripe, Affirm, and Ramp. Ribbit Capital specialises exclusively in financial services and has backed Robinhood, Coinbase, and Credit Karma.

Their joint involvement in this round signals a conviction that Slash’s vertical model, winning in niche after niche rather than fighting for share across a horizontal market, has the structural advantages to compound into something large.

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In the Series B announcement, Cardenas articulated the longer-term ambition: “If we continue solving these niche, vertical, specific financial workflows for businesses across different industries, then we can sneakily become one of the largest commercial credit card issuers in the country.”

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Spektr raises $20M Series A to bring AI agents to financial compliance

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The Copenhagen fintech has built a platform of specialised AI agents that handle KYC and KYB work, document reviews, ownership mapping, risk rationale, in minutes rather than hours. NEA led the Series A; Northzone, Seedcamp, and PSV Tech participated.


Spektr, a Copenhagen-based startup building AI infrastructure for financial compliance, has raised $20 million in a Series A round led by NEA, with continued participation from existing investors Northzone, Seedcamp, and PSV Tech.

The round brings total funding to just under $26 million, and will be used to expand Spektr’s engineering team, accelerate adoption among banks and large financial institutions, and open offices in London and New York. 

Spektr’s pitch is built on a specific frustration: that despite years of investment in compliance technology, most KYC and KYB work is still done by analysts manually.

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The typical compliance review at a bank involves searching company registries, cross-referencing documents from multiple sources, mapping beneficial ownership structures, and writing risk rationales by hand, work that looks the same every day, is difficult to audit consistently, and scales poorly as regulatory volume increases.

Most of the tools built to address this have focused on workflow management and data aggregation, which reduces friction but does not eliminate the underlying analytical labour.

Spektr’s response is a platform of specialised AI agents that perform the analytical work itself, researching companies, verifying business activity, interpreting documents from multiple sources, generating structured risk assessments, with compliance teams reviewing and approving results rather than producing them from scratch.

According to the company, work that previously took an analyst hours completes in minutes. Financial institutions can design their own onboarding and monitoring workflows and deploy networks of these agents within them, turning manual analyst-driven processes into automated operations that can run at the scale of a large bank’s customer portfolio.

The platform handles both onboarding and ongoing monitoring, covering KYC, KYB, source-of-funds checks, document review, and false-positive reduction across the compliance lifecycle.

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NEA partner Luke Pappas, who led the investment, told Crunchbase News he believes Spektr wins through “taste” and deep domain expertise in a market where AI can mass-produce functionality.

The company’s customers include Pleo, Santander Leasing, Mercuryo, Phantom, and Monta, as well as what the company describes as major US marketplace clients.

Pappas characterised Spektr’s differentiation as the ability to “coexist with existing solutions” while providing orchestration for compliance teams that are not yet ready to consolidate onto a single vendor.

CEO and co-founder Mikkel Skarnager described the core problem in the company’s announcement:

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“Compliance technology has mostly focused on workflow and data collection. But the real bottleneck has always been the work itself, analysts researching companies, interpreting information, and documenting decisions.”

The company was seeded in February 2024 and has grown to 45 employees, with the new capital earmarked to scale engineering capacity for the more complex technical requirements of serving Tier 1 banks and large fintechs.

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The Wall Street Journal Wonders Why There Are Suddenly So Many Sleazy Fees

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from the dumb-questions,-asked-unseriously dept

I cut my teeth as a telecom reporter, so I spent a lot of time writing about how broadband monopolies and cable TV giants rip off consumers with sleazy, misleading fees. I also spent a lot of that time writing about how lobbying and regulatory capture have ensured that big companies see no meaningful penalties should they falsely advertise one price, then sock you with a bunch of spurious surcharges.

The Biden administration, for its faults, at least tried to tackle some of this. The Biden FTC considered new and popular rules outlawing “junk fees”. The Biden FCC also implemented rules that didn’t ban sleazy fees (unfortunately), but forced broadband ISPs to clearly list them out at the point of sale (something recently dismantled by the Trump administration).

The Trump administration (and its courts) has taken an absolute hatchet to U.S. consumer protection on regulatory autonomy, ensuring that the problem of predatory fees is much worse across every sector you interface with. So it was funny to see Wall Street Journal reporters recently openly wondering why there are so many shitty fees all of a sudden (non-paywalled alternative):

“An extra 3% for paying with a credit card. A 5% involuntary contribution to a restaurant’s employee wellness fund. $25 a month in addition to rent for trash collection.  

Consumers already weary of rising inflation are now contending with a new crop of costs that are hidden in plain sight. New fees or surcharges are popping up everywhere as companies search for ways to recoup their own rising costs while blaming outside pressures.”

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The WSJ reporters and editors decided to cover soaring sleazy fees, but at no point in the article do they mention (even in passing) that Trump has dismantled most of the (already fleeting) efforts to rein in such predation. Or that the Trump Supreme Court has issued numerous rulings effectively making it almost impossible for regulators to fine corporations or hold them accountable for bad behavior.

The article mentions that the Trump FTC did grudgingly implement the Biden-era plan to ban junk fees, but they don’t think it’s worth mentioning that the Trump administration refuses to enforce it:

“The Federal Trade Commission banned drip pricing in short-term lodging and live-event ticketing in 2025, citing research showing that consumers were manipulated by low initial prices even when the full cost was eventually disclosed.”

They also don’t think it’s worth mentioning that the worst offenders of this kind of stuff, like Ticketmaster, were recently let off the hook by the Trump FTC via a piddly settlement (that left states, which had partnered with the FTC legally, high and dry). They’ve chosen to cover consumer protection, but not really. Not with any sort of interest in full, contextual reality.

While this particular instance is the Wall Street Journal, you’ll notice this same habit across most of corporate media. They’re dedicated to an alternate reality where Trump isn’t historically corrupt, and the regulators you’ve historically trusted to be at least semi-present to police the worst offenses are still dutifully on the beat protecting the public interest.

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It’s of course a reflection of ownership bias seeping into editorial (most media owners are affluent Conservatives or Libertarians who like tax cuts, rubber stamped merger approvals, and mindless deregulation). But it’s also a form of weird normalization bias, where the reporters assume that because regulators have always been there (with natural partisan ebb and flow) they’ll always be there.

But they’re not there anymore. The damage will likely be deadly and permanent, impacting far more than just shitty, sneaky fees. And the press is doing a terrible job informing the public of that fact.

This is particularly amusing because the Wall Street Journal’s own reporting recently highlighted how even the semi-consistent folks within MAGA who sometimes supported things like functional antitrust reform have been easily ousted by lobbyists, but the reporters exploring “why are we getting ripped off more than ever by predatory corporations” aren’t willing to make the obvious connection.

Filed Under: antitrust, consumer protection, corruption, fees, ftc, hidden fees, junk fees, regulations, surcharges, trump

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New ATHR vishing platform uses AI voice agents for automated attacks

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New ATHR vishing platform uses AI voice agents for automated attacks

A new cybercrime platform called ATHR can harvest credentials via fully automated voice phishing attacks that use both human operators and AI agents for the social engineering phase.

The malicious operation is advertised on underground forums for $4,000 and a 10% comission from profits, and can steal login data for multiple services, including Google, Microsoft, and Coinbase.

Automation covers the entire telephone-oriented attack delivery (TOAD) stages, from luring targets over email to conducting voice-based social engineering and harvesting account credentials.

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ATHR attack chain

According to researchers at cloud email security company Abnormal, ATHR is a complete phishing/vishing attack generator that offers brand-specific email templates, per-target customization, and spoofing mechanisms to make it appear as if the message originates from a trusted sender.

At the time of their analysis, the researchers observed that ATHR supported eight online services: Google, Microsoft, Coinbase, Binance, Gemini, Crypto.com, Yahoo, and AOL.

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The attack starts with the victim receiving an email crafted to pass casual verification and even technical authentication checks.

“The lure is typically a fake security alert or account notification – something urgent enough to prompt a phone call but generic enough to avoid triggering content-based filters,” Abnormal notes in a report today.

Calling the phone number in the email routes the victim through Asterisk and WebRTC to AI voice agents driven by carefully crafted prompts that guide the victim through the data theft process.

The agents follow a multi-step script simulating a security incident. For Google accounts, they replicate the account recovery and verification process, using preset prompts that shape their tone, approach, persona, and behavior to mimic professional support staff.

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AI agent script builder tool
ATHR’s AI agent script builder tool
Source: Abnormal

The purpose of the fake recovery process is to extract a six-digit verification code that allows the attacker to gain access to the victim’s account.

Although ATHR does offer the option to route the call to a human operator, the ability to use an AI agent is what sets it apart.

ATHR’s dashboard gives operators control over the entire process and real-time data for each attack per target.

Through the ATHR panel, they control email distribution, handle calls, and manage phishing operations, monitoring outcomes in real time and receiving logs containing the stolen data.

ATHR main dashboard
ATHR main dashboard
Source: Abnormal

Researchers at Abnormal warn that ATHR significantly reduces the manual effort for the operator and provides threat actors with an integrated platform that can handle all stages of a TOAD attack without the need to configure individual components.

This allows less technical attackers with no infrastructure to deploy automated vishing attacks from start to finish.

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“The shift from a fragmented, manually intensive operation to a productized, largely automated one means TOAD attacks no longer require large teams or specialized infrastructure,” Abnormal warns.

With the rise of ATHR-like cybercrime platforms, the researchers expect vishing attacks to become more frequent and more difficult to distinguish from legitimate communications.

Defending against such attacks requires a different approach, since the lure emails carry no reliable indicators, are customized to authenticate correctly, and appear as valid notifications.

However, detection is possible by checking the communication behavioral patterns between a sender and a recipient, and identifying if similar lures containing a phone number reached the organization within a short time frame.

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Abnormal researchers say that modeling normal communication behavior across the organization can help AI-powered detection flag anomalies before targets make a call.

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