Meta AI chaos, Apple prices up, EU cloud antitrust
Good morning! It’s Thursday, June 18. Today we are covering:
* Meta‘s AI-fueled engineering overhaul is backfiring badly, with mass reassignments, a catastrophic security breach, and an accelerating talent exodus
* Apple is set to raise prices on its devices as memory supply costs climb
* Microsoft and Amazon cloud services face a new EU antitrust crackdown
* Cheap smart home gadgets sold by Amazon and Walmart arrive factory-loaded with criminal proxy software, with 20 million US homes at risk
* A massive credential leak dubbed “FortiBleed“ exposes Fortinet VPN access for 73,000 organizations…
The skinny
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