Technology
Coding bootcamp Lambda School — now BloomTech — is finally getting punished
Why? Among other deceptive practices, the “Bloom Institute of Technology” didn’t call them loans. It advertised a way for students to get high-paying tech jobs “risk free” with “no loans” by paying 17 percent of their future income for five years — rather than the $20,000 sticker price of tuition.
But those Income Sharing Agreements (ISAs) were definitely loans, the CFPB has decided, since Bloom was earning an average finance charge of $4,000 on each one, students could default and get sent to collections if they failed to make payments, and Bloom was turning around and selling those student debts to investors for $7,000 to $10,000 a pop.
Bloom handed out more than 11,000 of these loans between 2017 and 2023, according to the CFPB consent order you can read at the bottom of this story. But it doesn’t offer them as of 2024, so the ban on future loans may be too little, too late.
That said, the agency’s also ordering Bloom to cancel all loans for students who haven’t made a payment in the last 12 months, let current students immediately quit the program with no debt, and return a small amount of money to graduates who paid Bloom a premium and yet didn’t manage to land a job making $70,000 or more. That last group of students will still have loans, but retroactively capped at the sticker price of tuition.
BloomTech has already agreed to the order; company CEO Austin Allred signed his consent last Friday. He’ll personally be paying $100,000 out of the $164K penalty, and is banned from student lending activities for 10 years.
None of this puts BloomTech out of business, by the way — it can keep operating with third-party loans instead.
In 2020, Lambda students told us their fears weren’t just about the worrying financial terms of the loan, but also how the company didn’t seem to be hiring professional instructors to provide students with the skills to actually land jobs despite promising “world class” industry experts. The CFPB’s report backs this up:
BloomTech’s curricula frequently changed and relied in part on teaching assistants paid $15 per hour with limited programming backgrounds. As a result, many students complained that they had to teach themselves the course content.
Allred tweeted that the school achieved a 100 percent job placement rate in one of BloomTech’s cohorts. In a private message, he later acknowledged that the sample size was just one student.
From 2019 forward, BloomTech touted job placement rates of at least 71 percent. But BloomTech’s non-public reporting to investors, which relied on more accurate methodologies, has consistently shown placement rates closer to 50 percent.
There’s more in the full consent order, which you can read below.
Technology
Use this map to find the data centers in your backyard
When Oregon resident Isabelle Reksopuro heard Google was gobbling up public land to fuel its data centers in her home state, she didn’t initially know what to believe. “There’s a lot of misinformation about data centers,” she said. “Google has denied taking that land.”
Technically, she explains, The Dalles, a city near the Washington state border, sought to reclaim that land, “and Google is just a big, unnamed power user.” The city had in fact asked for ownership of a 150-acre portion of Mount Hood National Forest, claiming it needs access to Mount Hood’s watershed to meet municipal needs as its population — 16,010 as of the 2020 census — grows. But critics, including environmentalists, say the city is trying to secure more water for Google, which has a sprawling data center campus in The Dalles that already consumes about one-third of the city’s water supply.
This controversy made Reksopuro curious about the backlash to data centers being built in other communities. So Reksopuro, a student at the University of Washington who studies the connections between tech and public policy, decided to map it out. Using information collected by Epoch AI and data scraped from legislation on data centers, she built an interactive map tracking AI policy around the world. She designed it to be simple enough for anyone to use. “I wanted it to be something that my younger sisters could play through and explore to understand what are the data centers in the area and what’s actually being done about it,” Reksopuro said. She hoped to shift their opinions that way, “instead of like, through TikTok.”
Four times a day, the map searches for new sources and checks them against the existing database Reksopuro built out. “Once it does that, it will write a new summary, add it to the news feed, and populate it on the sidebar,” she said. “I wanted it to be self-updating, since I’m also a student.”
Reksopuro isn’t against data centers, but she thinks tech giants benefit from a lack of transparency around data center policies. “Right now, it’s this really opaque thing — and all of a sudden, there’s a facility,” she said. “I think that if people knew about data centers beforehand, it would give them leverage. They would be able to negotiate: ask for job training programs, tax revenue, environmental monitoring, things to improve their community.”
Technology
Fox News AI Newsletter: Graduation speaker praises AI, gets instantly booed
UCF commencement speaker Gloria Caulfield (University of Central Florida via Storyful)
NEWYou can now listen to Fox News articles!
Welcome to Fox News’ Artificial Intelligence newsletter with the latest AI technology advancements.
IN TODAY’S NEWSLETTER:
– UCF graduates clobber commencement speaker with boos after she says AI is the ‘next Industrial Revolution’
– OPINION: DIRECTOR KASH PATEL: We brought the FBI out of the past and into the AI age
– OpenAI backs creation of global AI governance body led by the U.S. that would include China as a member
TOUGH CROWD: During a recent commencement ceremony at the University of Central Florida, a speaker was met with loud boos from the graduating class after declaring that artificial intelligence represents the next industrial revolution. Fox News Digital reporting captures this tense cultural moment, illustrating the mixed public sentiment and skepticism surrounding AI’s growing footprint in daily life.
A statue on the campus of the University of Central Florida in Orlando, Florida. (iStock)
BADGE MEETS BYTE: Reflecting on the modernization of national security in a Fox News op-ed, FBI Director Kash Patel explores how the bureau must adapt its strategies to address modern threats and advance beyond the artificial intelligence age.
TECH DIPLOMACY: OpenAI is throwing its support behind the establishment of a new global artificial intelligence governance organization that would be led by the United States while notably including China as a member. Fox News Digital reporting examines the geopolitical dynamics and regulatory implications of this proposed framework as global powers race to set the standards for AI development.
EQUITY ELEVATION: The massive wave of wealth generated by the explosive growth of ChatGPT and the broader AI industry is driving a sudden surge in the San Francisco Bay Area’s luxury real estate market. Fox News Digital reporting breaks down how the influx of new tech capital is reshaping local housing dynamics and fueling a high-end property frenzy.
FBI Director Kash Patel listened as Acting Attorney General Todd Blanche spoke during a press conference at the Department of Justice on April 28, 2026, in Washington, D.C. (Tasos Katopodis/Getty Images)
STRATEGY RESET: Tech giant Cisco is planning to eliminate thousands of jobs as the company shifts its primary focus to accelerate its artificial intelligence initiatives, a move that comes despite the company beating earnings expectations. Fox News Digital reporting details the corporate restructuring and broader economic trends pushing legacy tech firms to aggressively pivot toward AI.
ROAD HAZARD: Waymo is issuing a sweeping recall of its autonomous vehicle fleet following a concerning incident that highlighted significant safety issues with the self-driving technology. Fox News Digital reporting outlines the specifics of the recall, the nature of the safety flaw, and what this setback means for the future of fully autonomous transportation on public roads.
BOTS IN THE BAY: A newly developed, artificial intelligence-powered robot has been engineered to seamlessly change and balance vehicle tires without human intervention. Fox News Digital reporting showcases this latest innovation, exploring how automation and AI mechanics could soon revolutionize the automotive service and repair industry.
OpenAI CEO Sam Altman speaks during the 2026 Infrastructure Summit in Washington, D.C., on March 11, 2026. (Kylie Cooper/Reuters)
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Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future with Fox News here.
Technology
Microsoft’s Edge Copilot update uses AI to pull information from across your tabs
Microsoft Edge is adding a new feature that will allow its Copilot AI chatbot to gather information from all of your open tabs. When you start a conversation with Copilot, you can ask the chatbot questions about what’s in your tabs, compare the products you’re looking at, summarize your open articles, and more.
In its announcement, Microsoft says you can “select which experiences you want or leave off the ones you don’t.” The company is retiring Copilot Mode as well, which could similarly draw information from your tabs but offered some agentic features, like the ability to book a reservation on your behalf. Microsoft has since folded these agentic capabilities into its “Browse with Copilot” tool.
Several other AI features are coming to Edge, including an AI-powered “Study and Learn” mode that can turn the article you’re looking at into a study session or interactive quiz. There’s a new tool that turns your tabs into AI-powered podcasts as well, similar to what you’d find on NotebookLM, and an AI writing assistant that will pop up when you start entering text on a webpage.
You can also give Copilot permission to access your browsing history to provide more “relevant, high-quality answers,” according to Microsoft. Copilot in Edge on desktop and mobile will come with “long-term memory” as well, which can tailor its responses based on your previous conversations. And, when you open up a new tab, you’ll see a redesigned page that combines chat, search, and web navigation, along with the Journeys feature, which uses AI to organize your browsing history into categories that you can revisit.
Meanwhile, an update to Edge’s mobile app will allow you to share your screen with Copilot and talk through the questions about what you’re seeing. Microsoft says you’ll see “clear visual cues” when Copilot is active, “so you know when it’s taking an action, helping, listening, or viewing.”
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