Alibaba's Qwen Team released Qwen3.7-Max, a proprietary model capable of autonomous agentic work over multiple days - up to 35 hours continuously. Notably, it supports external agent harnesses including Anthropic's Claude Code, signaling the 'agent era' where models plan, execute, and self-correct complex tasks over days rather than seconds.
IBM and the US Department of Commerce announced a Letter of Intent to build America's first quantum chip foundry. The project centers on a new standalone company called Anderson, operating as a pure-play quantum foundry based in Albany, New York, receiving $1 billion in CHIPS Act incentives.
Foreign reserves held by the State Bank of Pakistan witnessed inflows of $1.214 billion in the week ending May 16, pushing total SBP reserves past the $17 billion mark. This is the highest level in recent years, signaling improved external account stability.
Pakistan will need to raise more than Rs. 700 billion in additional revenue and continue fiscal tightening measures to meet IMF conditions for the FY2026-27 budget. The demands came during recent discussions between Islamabad and an IMF mission, pushing for broader tax reforms ahead of the budget announcement.
A 23-year-old Ottawa man was arrested for building and operating Kimwolf, a fast-spreading IoT botnet that enslaved millions of devices for massive DDoS attacks over six months. KrebsOnSecurity had publicly named the suspect in February after he launched DDoS, doxing, and swatting campaigns against security researchers.
Cisco released patches for a maximum-severity vulnerability (CVE-2026-20223, CVSS 10.0) in Secure Workload that could allow unauthenticated remote attackers to access sensitive data via REST API endpoints with insufficient validation.
Bugcrowd launched Reinforcement Learning Environments, letting frontier AI labs train models on real vulnerable software rather than synthetic test data. Built on tech from its Mayhem Security acquisition, the product is already in use with major LLM providers to improve AI security capabilities.