Shameless Plug

California 'Billionaire Tax' Makes Ballot Despite Opposition From Tech Moguls Published on 2026-06-18T22:00:00Z California's proposed "billionaire tax" has gathered enough signatures to qualify for the November ballot, setting up a major fight between labor unions and some of Silicon Valley's richest figures. From the report: The California Billionaire Tax Act, colloquially known as the billionaire tax, would levy a one-time 5% tax on any California resident worth more than $1bn. The proposal is backed by the Service Employees International Union-United Healthcare Workers West as a means of funding California's strained healthcare and education programs. The proposal has become one of the state's biggest political flashpoints as it gained momentum throughout the year, with prominent billionaires, such as the Google co-founder Larry Page, making moves to cut ties with the state and Newsom vowing to block it from going to a vote. Although it has gained...

Midjourney Pivots From AI Image Generation To Body Scanning Medical Spa Published on 2026-06-18T21:00:00Z Midjourney is expanding beyond AI image generation with plans for a medical-imaging business built around a water-based, full-body ultrasound scanner that uses hundreds of thousands of sensors and AI to reconstruct MRI-like images. "As you descend into the water, hundreds of thousands of tiny elements take turns, sending out waves, listening together, compressing and then streaming data to a massive cluster where thousands of computers split the task," Midjourney explained in the announcement. "By looking at how the shapes of all the waves change, we reconstruct a detailed map or 'image' which basically lets us figure out what's in there." The company hopes to open a San Francisco scanning "spa" in late 2027, with 50,000 or more deployed around the world by 2031. The Register reports: It's not clear how fast the process is with the pr...

Bernie Sanders Unveils $7 Trillion Plan To Give Americans Control of AI Industry Published on 2026-06-18T20:00:00Z An anonymous reader quotes a report from the Associated Press: As artificial intelligence companies reshape the economy and race toward trillion-dollar valuations, Sen. Bernie Sanders is proposing a sweeping transfer of wealth and power from the industry to the American public. The legislation, shown first to The Associated Press, would create a sovereign wealth fund overseen by an independent commission and financed through a one-time 50% tax on the stock of the largest AI companies. Sanders estimates that the tax would create a nearly $7 trillion fund that would generate hundreds of billions of dollars annually in direct payments to Americans and programs such as health care, education and housing. [...] The 50% tax would apply to AI companies that reach $200 million in annual AI sales. Any new AI company that reaches that benchmark would also be subject to the tax. ...

Apple Announces Major App Store Changes on iOS in Brazil Published on 2026-06-18T19:00:00Z Apple is allowing iPhone developers in Brazil to distribute apps through authorized alternative marketplaces and use third-party payment systems following action by the country's competition regulator. "In other words, developers in Brazil will be able to circumvent the App Store and Apple's in-app purchase system, but there are still fees," reports MacRumors. Apple will collect commissions ranging from 5% on externally distributed apps to as much as 26% for some App Store transactions using its payment system. From the report: Alternative app marketplaces will have to be authorized by Apple and will need to meet ongoing requirements. For apps that are still distributed through the App Store, developers will be able to include an alternative payment processing method in their app and/or link users to a website to complete a transaction. These changes are available on iOS 26.5 ...

Smartphone Market To Shrink 15% This Year Due To Memory Crisis Published on 2026-06-17T22:00:00Z CCS Insight expects global smartphone shipments to fall 15% this year as AI-driven demand pushes memory manufacturers toward higher-margin server chips. "[S]ome entry-level devices have already seen their sticker prices go up by more than 50 percent since last year," reports The Register. From the report: The firm found that the primary smartphone market (meaning new devices) contracted 4.4 percent in the first quarter of this year, despite sales channels front-loading (meaning stockpiling) product inventory, as device prices begin to rise sharply. As CCS notes, this casts an ominous shadow on the outlook for the rest of the year, and it seems things have worsened since The Register first started reporting on the smartphone memory woes. Back in January, the forecast was for handset price rises of 6-8 percent, while the most pessimistic outlook was that the global market might ...

Carvana Is Turning Dealerships Into 'Playgrounds,' Test-Drive Centers With Sales All Online Published on 2026-06-17T21:00:00Z Carvana is testing a radically different new-car dealership model in Dallas, turning the location into a test-drive center and themed "playground" while requiring every purchase to be completed through its online platform. "Every single car that we sell, whether it's used or new, is online," said Tom Taira, Carvana president of special projects who's leading the new vehicle operations. "That's a very inherent difference. Even coming into the store, you're buying it online, and that's a big difference in how people think about it." The company hopes its no-haggle pricing, hourly employees, service operations, and national logistics network can reshape franchised auto retail. CNBC reports: Through its used vehicles sales, Carvana has become the most valuable auto retailer in the U.S. with a more than $70 ...

Google, Microsoft, and OpenAI Back Linux Foundation's Appia AI Standards Initiative Published on 2026-06-17T20:03:00Z BrianFagioli writes: Google, Microsoft, OpenAI, Arm, Mastercard, Siemens, and other companies have joined the newly launched Appia Foundation under the Linux Foundation. The project aims to create common specifications and assessment frameworks that organizations can use to demonstrate AI systems meet emerging safety, trust, and compliance requirements. According to the Linux Foundation, the framework is designed to allow conformity evidence to be reused across the AI supply chain, potentially reducing duplicate assessments and compliance costs. The announcement comes as governments around the world move toward enforcing AI regulations and organizations face increasing pressure to prove AI systems are trustworthy. "As international standards and legal frameworks become more established, global organizations need a consistent, practical way to verify that AI s...