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Crypto

Kyber ransomware first confirmed to use post-quantum cryptography in apparent psychological tactic

Kyber ransomware has been identified as the first confirmed case of using post-quantum cryptography, drawing attention across the security industry, analysts said. Rapid7 said its review of a Windows variant found it protected encryption keys with ML-KEM1024, while files were encrypted with AES-256. Experts said the move appears aimed at psychological pressure and marketing impact rather than operational need. Some variants also made overstated claims about using ML-KEM.

Industry

Tesla first-quarter revenue rises 16 percent as AI, robot investment burden grows

Tesla remains profitable in the first quarter of 2026, but its profitability has slowed from past levels. Net profit totals $477 million and revenue rises 16 percent to $22.39 billion, driven by a 16 percent increase in automotive revenue. Operating margin is 4.2 percent as regulatory credit and leasing income fall and costs rise with AI investment and part of Elon Musk’s compensation package. FSD subscriptions reach 1.3 million.

Telecommunications & Media

U.S. Pentagon drops OCX GPS ground control programme after 16 years

The U.S. Defense Department has formally halted OCX, a next-generation ground control system for the U.S. military’s GPS satellite network, after years of technical problems and cost and schedule overruns. The programme, awarded in 2010 to Raytheon, now RTX, was initially expected to cost $3.7 billion and finish in 2016, but government spending rose to about $6.27 billion and total completion was estimated near $8 billion. The U.S. Space Force will instead upgrade the existing GPS control system.