Shameless Plug

Sam Altman Thinks Your PC Is Wasting Precious RAM Published on 2026-10-30T21:00:00Z "Looks like OpenAI CEO Sam Altman wants to own all the computing resources and rent out terminals to the world as a way of propping up his business plan, now that debt-ridden AI companies are teetering on the edge," writes ancient Slashdot reader Gilmoure. Tom's Hardware reports: In an interview over beers with the YouTube channel Cheeky Pint, Altman said that local inference, and, by extension, people having DRAM in computers at home, is "quite terrible." When discussing local inference on home computers with open-source models, Altman discussed the assumption that people will be able to run local AI on their own computers, the ones they may already own or want to build. Then he explained why that's a bad idea (at the 29-minute mark): "From a global allocation perspective, actually, it's quite terrible to have everybody have a bunch of the world's limited su...

Thousands of 'Ghost Students' Use AI to Steal Millions In Student Loans, DOJ Says Published on 2026-10-30T20:07:00Z The Justice Department has charged five people in a crackdown on "ghost student" fraud, in which scammers allegedly use stolen identities and AI to enroll fake students in colleges, complete coursework, and collect federal student loan funds. Ars Technica reports: In a press release Thursday, the Department of Justice said it had uncovered a large-scale scheme relying partly on AI. The DOJ seized more than $750,000 in cryptocurrency from "a network associated with Kenyan nationals" after data analysis helped flag likely fraudsters. Assistant Attorney General Colin M. McDonald of the DOJ's National Fraud Enforcement Division credited new fraud-detection measures implemented by the Trump administration for the arrests. He said that "this is the first international seizure of its kind in Kenya," while warning fraudsters that the cr...

US Tech Stocks See Sharp Falls As AI Spending Nears $1 Trillion Published on 2026-10-30T19:00:00Z U.S. technology stocks plunged for a second consecutive day on Friday as investors grew increasingly concerned about the enormous cost of artificial intelligence development and whether those investments will pay off. The Nasdaq fell more than 3.5%, while Intel shares dropped as much as 30%, Reddit fell 26%, and Alphabet extended its losses after shedding more than $500 billion in market value Thursday. The BBC notes that Meta, Alphabet, Oracle, Amazon, and Microsoft have collectively committed to spending $800.6 billion on AI in 2026. From the report: Chris Low, from investment management firm FHN Financial, said the bulk of what was happening in the stock market was in reaction to some of the biggest tech players such as Amazon and Google. He told Reuters the companies were "showing some pretty significant growing pains as they aggressively pursue the AI build-out." "The...

Multi-Billion Binance Hack Hitting Crypto Markets Published on 2026-10-29T22:00:00Z Binance is investigating a potential hack after more than $2 billion in crypto was drained from one of its wallets into a new external account, with Blockaid estimating nearly $3.3 billion was moved. "Our teams are aware of reports of a potential security issue and are actively investigating," said Binance on X. "User funds are safe," said Binance founder CZ. "It does look like a hack on Binance. Appreciate the quick freeze from Tether (~$971m) and Circle (~$823m). I don't manage Binance anymore, but as a shareholder, I expect all user funds will be fully covered." Read more of this story at Slashdot.

Patrick Stewart, 'Star Trek' Captain and 'X-Men' Superhero, Dies At 86 Published on 2026-10-29T21:00:00Z Slashdot readers Cpt_Kirks, eklektic, sconeu, and Vrallis share the unfortunate news of Patrick Stewart's passing. Longtime spokesperson Kelly Bush Novak said Stewart died Wednesday at the age of 86 at his home in Los Angeles following "a brief and poignant journey with Alzheimer's disease and Lewy body dementia." "He has been held in the warm embrace of family and friends, surrounded by live music, prayer, tears, laughter and the kind of profound emotion that only he could inspire after a lifetime of devotion to us all," Bush Novak wrote. "We will forever cherish the peaceful ease and reflection on his face, an enduring reminder of his invincible grace." The acclaimed British actor became a science-fiction icon as Capt. Jean-Luc Picard in Star Trek: The Next Generation and Professor Charles Xavier in the X-Men films. Beyon...

Nvidia Chief Seen As Target of Chinese Spy Plot Published on 2026-10-29T20:00:00Z An anonymous reader quotes a report from The New York Times: American spy agencies had gathered striking intelligence. A top executive at a Singapore-based data center company was under scrutiny for possibly steering advanced Nvidia A.I. chips to China. And now American officials had concluded that she was a Chinese intelligence asset (source paywalled; alternative source), funneling information to Beijing. But what came next was even more alarming. Surveillance of the executive, Alice Huang or Huang Le, a Chinese citizen, revealed that she had developed a close relationship with Jensen Huang, Nvidia's chief executive. For years, Washington has worked to deny China the technology needed to match or surpass the United States in the intense global competition for superiority in artificial intelligence. The discovery that Beijing was getting reports from someone with direct access to Mr. Huang, one o...

Alphabet Heads For a $500 Billion Drop In Market Value Published on 2026-10-29T19:00:00Z Yesterday, Google reported its Q3 results that showed searches made through its AI Mode generate less revenue than traditional search, even as overall search revenue grew 12% year over year to $63.25 billion. The news sent Alphabet shares plunging, with Bespoke Investment Group reporting that the stock is on track for its steepest post-earnings decline since the company went public in 2004. Yahoo Finance reports: At its low, Alphabet had lost $524 billion in stock market value, the second-biggest one-day loss ever for a US-listed company. Only Nvidia has lost more, about $593 billion on Jan. 27, 2025, the day China's DeepSeek rattled AI investors. Alphabet would need to close at about $274.75, down roughly 15%, to take Nvidia's record, by Yahoo Finance calculations. It has already blown past the $400 billion SpaceX lost on June 22, the previous No. 2. In dollars, it's Alphabet's...