Shameless Plug

Reddit's Shares 'Plummet' Almost 25% in Two Days, Dropping Below Its First Day's Close Published on April 01, 2024 at 03:42AM Last Monday shares of Reddit's stock soared 30%, reports CNBC — and then another 8.8% on Tuesday. But the moves happened "even after New Street Research issued a neutral rating on the company" — and by the end of the week, CNBC was reporting that "Reddit shares are plummeting..." Shares closed at $49.32, ending the week below their closing price on Reddit's first day of trading on the New York Stock Exchange [on March 21st, when they closed at $50.44 ]... Stock markets are closed on Good Friday. Reddit shares began their downward spiral on Wednesday, when they sank about 11% to $57.75 at market close. That day, Hedgeye Risk Management described Reddit's stock as "grossly overvalued" in a report cited by Bloomberg News, adding the company was on the firm's "short bench." The article notes R

After Losing Billions, Disney+ Tries Integrating Hulu Into Its App Published on April 01, 2024 at 02:19AM "Subscribers of both Disney+ and Hulu can now access Hulu content through the Disney+ app," reports the Los Angeles Times, "as the Burbank media and entertainment giant launched its one-app integration of the two streaming services Wednesday..." The move is part of Disney's plan to increase viewer engagement and reduce churn on Disney+, which has 111.3 million subscribers globally. Disney has lost billions on its direct-to-consumer business as it tries to compete with Netflix, but the company has told investors that its streaming segment will begin to turn a profit by the end of fiscal 2024. Streaming losses have been a key component of a nasty activist shareholder campaign ahead of next week's annual meeting. Disney+ has typically served up family-friendly content and major brands such as Pixar, Star Wars and Marvel, whereas Hulu's offering has be

America's FDA Forced to Settle 'Groundless' Lawsuit Over Its Ivermectin Warnings Published on April 01, 2024 at 01:25AM As a department of America's federal Health agency, the Food and Drug Administration is responsible for public health rules, including prescription medicines. And the FDA "has not changed its position that currently available clinical trial data do not demonstrate that ivermectin is effective against COVID-19," they confirmed to CNN this week. "The agency has not authorized or approved ivermectin for use in preventing or treating COVID-19." But there was also a lawsuit. In "one of its more popular pandemic-era social media campaigns," the agency tweeted out "You are not a horse. You are not a cow. Seriously, y'all. Stop it." The post attracted nearly 106,000 likes — and over 46,000 reposts, and was followed by another post on Instagram. "Stop it with the #ivermectin. It's not authorized for treatin

Meta Used Spyware to Access Its Users' Activities on Rival Platforms Published on April 01, 2024 at 12:10AM New documents from a class action against Meta "reveal some of the specific ways it tackled rivals in recent years," reports the Observer. "One of them was using software made by a mobile data analytics company called Onavo in 2016 to access user activities on Snapchat, and eventually Amazon and YouTube, too." Facebook acquired Onavo in 2013 and shut it down in 2019 after a TechCrunch report revealed that the company was paying teenagers to use the software to collect user data. In 2020, two Facebook users filed a class action lawsuit in the U.S. District Court for the Northern District of California against Meta, then called Facebook, alleging the company engaged in anticompetitive practices and exploited user data. In 2023, the plaintiffs' attorney Brian J. Dunne submitted documents listing how Facebook used Onavo's software to spy on competito

Major Mobile NFT Shooter Game 'MadWorld' Uses Linux Foundation Subsidiary's Game Engine Published on March 31, 2024 at 03:04AM A Linux Foundation subsidiary has developed a free and open-source 3D game engine distributed under the Apache license. And last week the Open 3D Foundation announced "a big step forward, showcasing the power of open-source technologies in giving gamers around the globe unforgettable gaming experiences." "We are proud to unveil MadWorld as the first mobile title powered by O3DE," said Joe Bryant, Executive Director of the Open 3D Foundation, "demonstrating the large potential of open-source technologies in game development." And then this week Los Angeles Business Journal reported that El Segundo-based gaming studio Carbonated Inc. "has raised $11 million of series A funding to finance the development and release of its debut game title... Prior to its most recent round, Carbonated closed an $8.5 million seed fun

More AI Safeguards Coming, Including Right to Refuse Face-Recognition Scans at US Airports Published on March 31, 2024 at 02:04AM This week every U.S. agency was ordered to appoint a "chief AI officer". But that wasn't the only AI policy announced. According to CNN, "By the end of the year, travelers should be able to refuse facial recognition scans at airport security screenings without fear it could delay or jeopardize their travel plans." That's just one of the concrete safeguards governing artificial intelligence that the Biden administration says it's rolling out across the U.S. government, in a key first step toward preventing government abuse of AI. The move could also indirectly regulate the AI industry using the government's own substantial purchasing power... The mandates aim to cover situations ranging from screenings by the Transportation Security Administration to decisions by other agencies affecting Americans' health care, employ

AI Hallucinated a Dependency. So a Cybersecurity Researcher Built It as Proof-of-Concept Malware Published on March 31, 2024 at 01:04AM "Several big businesses have published source code that incorporates a software package previously hallucinated by generative AI," the Register reported Thursday "Not only that but someone, having spotted this reoccurring hallucination, had turned that made-up dependency into a real one, which was subsequently downloaded and installed thousands of times by developers as a result of the AI's bad advice, we've learned." If the package was laced with actual malware, rather than being a benign test, the results could have been disastrous. According to Bar Lanyado, security researcher at Lasso Security, one of the businesses fooled by AI into incorporating the package is Alibaba, which at the time of writing still includes a pip command to download the Python package huggingface-cli in its GraphTranslator installation instructi

America's DHS Is Expected to Stop Buying Access to Your Phone Movements Published on March 31, 2024 at 12:04AM America's Department of Homeland Security "is expected to stop buying access to data showing the movement of phones," reports the U.S. news site NOTUS. They call the purchasers "a controversial practice that has allowed it to warrantlessly track hundreds of millions of people for years." Since 2018, agencies within the department — including Immigration and Customs Enforcement, U.S. Customs and Border Protection and the U.S. Secret Service — have been buying access to commercially available data that revealed the movement patterns of devices, many inside the United States. Commercially available phone data can be bought and searched without judicial oversight. Three people familiar with the matter said the Department of Homeland Security isn't expected to buy access to more of this data, nor will the agency make any additional funding availabl

Microsoft, OpenAI Plan $100 Billlion 'Stargate' AI Supercomputer Published on March 30, 2024 at 02:30AM According to The Information (paywalled), Microsoft and OpenAI are planning a $100 billion datacenter project that will include an artificial intelligence supercomputer called "Stargate." Reuters reports: The Information reported that Microsoft would likely be responsible for financing the project, which would be 100 times more costly than some of the biggest current data centers, citing people involved in private conversations about the proposal. OpenAI's next major AI upgrade is expected to land by early next year, the report said, adding that Microsoft executives are looking to launch Stargate as soon as 2028. The proposed U.S.-based supercomputer would be the biggest in a series of installations the companies are looking to build over the next six years, the report added. The Information attributed the tentative cost of $100 billion to a person who spoke t

Google Podcasts Service Shuts Down in the US Next Week Published on March 30, 2024 at 01:50AM U.S. users have just a few more days to make the transition from Google Podcasts as the company moves forward with the process of discontinuing the service globally. From a report: Google is currently sending in-app notifications to users in the U.S. that starting April 2nd they will no longer be able to use Google Podcasts and is recommending to export subscriptions to YouTube Music. The Google Podcasts streaming service launched six years ago. It's app has more than 500 million downloads on Google Play and apart from offering a large selection of podcasts it also allows subscribing to favorite channels, downloading and playing on various devices. The service integrates with Google's ecosystem, providing users with personalized recommendations based on interests, listening history, and preferences. Read more of this story at Slashdot.

Half of Russian-Made Chips Are Defective Published on March 30, 2024 at 01:10AM Anton Shilov reports via Tom's Hardware: About half of the processors packaged in Russia are defective. This has prompted Baikal Electronics, a Russian processor developer, to expand the number of packaging partners in the country, according to a report in Vedomosti, a Russian-language business daily newspaper published in Moscow (hat tip to Cnews). In addition to GS Group based in Kaliningrad, the company will now use Milandr and Mikron, which are based in Zelenograd, a town near Moscow. What remains unclear is which foundry initially produces the chips for Baikal. [...] There are no contract chipmakers in Russia that can process wafers on 28nm-class fabrication technologies, so Baikal is likely using a Chinese foundry to make its processors. Since 2021, the company has been experimenting with localizing chip packaging at GS Group in Kaliningrad. But transitioning to local packaging has not been smoo

OpenAI Reveals AI Tool To Recreate Human Voices Published on March 30, 2024 at 12:35AM An anonymous reader quotes a report from Axios: OpenAI said on Friday it's allowed a small number of businesses to test a new tool that can recreate a person's voice from just a 15-second recording. The company said it is taking "a cautious and informed approach" to releasing the program, called Voice Engine, more broadly given the high risk of abuse presented by synthetic voice generators. Based on the 15-second recording, the program can create a "emotive and realistic" natural-sounding voice that closely resembles the original speaker. This synthetic voice can then be used to read text inputs, even if the text isn't in the original speaker's native language. In one example offered by the company, an English speaker's voice was translated into Spanish, Mandarin, German, French and Japanese while preserving the speaker's native accent. OpenAI said Voice

Biden Orders Every US Agency To Appoint a Chief AI Officer Published on March 29, 2024 at 02:30AM An anonymous reader quotes a report from Ars Technica: The White House has announced the "first government-wide policy (PDF) to mitigate risks of artificial intelligence (AI) and harness its benefits." To coordinate these efforts, every federal agency must appoint a chief AI officer with "significant expertise in AI." Some agencies have already appointed chief AI officers, but any agency that has not must appoint a senior official over the next 60 days. If an official already appointed as a chief AI officer does not have the necessary authority to coordinate AI use in the agency, they must be granted additional authority or else a new chief AI officer must be named. Ideal candidates, the White House recommended, might include chief information officers, chief data officers, or chief technology officers, the Office of Management and Budget (OMB) policy said. As chief A

How Apple Plans To Update New iPhones Without Opening Them Published on March 29, 2024 at 01:31AM An anonymous reader writes: What if you could update the device while it's still in the box? That's the latest plan cooked up by Apple, which is close to rolling out a system that will let Apple Stores wirelessly update new iPhones while they're still in their boxes. The new system is called "Presto." French site iGeneration has the first picture of what this setup looks like. It starts with a clearly Apple-designed silver rack that holds iPhones and has a few lights on the front. The site (through translation) calls the device a "toaster," and yes, it looks like a toaster oven or food heating rack. Bloomberg's Mark Gurman has been writing about whispers of this project for months, saying in one article that the device can "wirelessly turn on the iPhone, update its software and then power it back down -- all without the phone's packaging ever

AI Leaders Press Advantage With Congress as China Tensions Rise Published on March 29, 2024 at 12:50AM Silicon Valley chiefs are swarming the Capitol to try to sway lawmakers on the dangers of falling behind in the AI race. From a report: In recent weeks, American lawmakers have moved to ban the Chinese-owned app TikTok. President Biden reinforced his commitment to overcome China's rise in tech. And the Chinese government added chips from Intel and AMD to a blacklist of imports. Now, as the tech and economic cold war between the United States and China accelerates, Silicon Valley's leaders are capitalizing on the strife with a lobbying push for their interests in another promising field of technology: artificial intelligence. On May 1, more than 100 tech chiefs and investors, including Alex Karp, the head of the defense contractor Palantir, and Roelof Botha, the managing partner of the venture capital firm Sequoia Capital, will come to Washington for a daylong conference and

New York City Welcomes Robotaxis - But Only With Safety Drivers Published on March 29, 2024 at 12:10AM An anonymous reader shares a report: New York City announced a new permitting system for companies interested in testing autonomous vehicles on its roads, including a requirement that a human safety driver sit behind the steering wheel at all times. As cities like San Francisco continue to grapple with the problems posed by fully driverless for-hire vehicles, New York City is trying to get ahead of the problem by outlining what it calls "a rigorous permitting program" that it claims will ensure applicants are "ready to test their technology in the country's most challenging urban environment safely and proficiently." "This technology is coming whether we like it or not," Mayor Eric Adams said in a statement to The Verge, "so we're going to make sure that we get it right." The requirements would exclude companies without previous autono

'Operation 404' Results In First Prison Sentence For Pirate IPTV Operator Published on March 28, 2024 at 02:10AM An anonymous reader quotes a report from TorrentFreak: Brazilian anti-piracy campaign 'Operation 404' has taken down many pirate sites and services over the past five years, but criminal prosecutions have been scarce. This week, anti-piracy group ALIANZA announced a "historic" victory: The operator of pirate IPTV service "Flash IPTV" was sentenced to more than five years in prison, marking the first criminal conviction of this kind in Brazil. [...] The operator of Flash IPTV, who is referred to by the initials A.W.A.P., was found guilty of criminal copyright infringement and sentenced to five years and four months in prison. Flash IPTV was a relatively large IPTV service with 13,547 active users at its peak. According to local news reports, the service generated $912,000 in revenue over twelve months, before it was taken offline in 2020

US Offers $10 Million Bounty For Info on 'Blackcat' Hackers Who Hit UnitedHealth Published on March 28, 2024 at 01:31AM The U.S. State Department has offered up to $10 million for information on the "Blackcat" ransomware gang who hit the UnitedHealth Group's tech unit and snarled insurance payments across America. From a report: "The ALPHV Blackcat ransomware-as-a-service group compromised computer networks of critical infrastructure sectors in the United States and worldwide," the department said in a statement announcing the reward offer. UnitedHealth said last week it was beginning to clear a medical claims backlog of more than $14 billion as it brought its services back online following the cyberattack, which caused wide-ranging disruption starting in late February. UnitedHealth's tech unit, Change Healthcare, plays a critical role in processing payments from insurance companies to practitioners, and the outage caused by the cyberattack has in

SWIFT Planning Launch of New Central Bank Digital Currency Platform in 12-24 Months Published on March 28, 2024 at 12:52AM Global bank messaging network SWIFT is planning a new platform in the next one to two years to connect the wave of central bank digital currencies now in development to the existing finance system, it has told Reuters. From the report: The move, which would be one of the most significant yet for the nascent CBDC ecosystem given SWIFT's key role in global banking, is likely to be fine-tuned to when the first major ones are launched. Around 90% of the world's central banks are now exploring digital versions of their currencies. Most don't want to be left behind by bitcoin and other cryptocurrencies, but are grappling with technological complexities. SWIFT's head of innovation, Nick Kerigan, said its latest trial, which took 6 months and involved a 38-member group of central banks, commercial banks and settlement platforms, had been one of the larges

Heat and Drought Are Sucking US Hydropower Dry Published on March 28, 2024 at 12:10AM The amount of hydropower generated in the Western US last year was the lowest it's been in more than two decades -- and 2024 isn't looking much better. From a report: Hydropower generation in the region fell by 11 percent during the 2022-2023 water year compared to the year prior, according to preliminary data from the Energy Information Administration's Electricity Data Browser -- its lowest point since 2001. That includes states west of the Dakotas and Texas, where 60 percent of the nation's hydropower was generated. These also happen to be the states -- including California, Nevada, Arizona, and New Mexico -- that climate change is increasingly sucking dry. And in a reversal of fortunes, typically wetter states in the Northeast -- normally powerhouses for hydropower generation -- were the hardest hit. You can blame extreme heat and drought for the drop in hydropower last year. Thi

Florida Braces For Lawsuits Over Law Banning Kids From Social Media Published on March 27, 2024 at 01:30AM An anonymous reader quotes a report from Ars Technica: On Monday, Florida became the first state to ban kids under 14 from social media without parental permission. It appears likely that the law -- considered one of the most restrictive in the US -- will face significant legal challenges, however, before taking effect on January 1. Under HB 3, apps like Instagram, Snapchat, or TikTok would need to verify the ages of users, then delete any accounts for users under 14 when parental consent is not granted. Companies that "knowingly or recklessly" fail to block underage users risk fines of up to $10,000 in damages to anyone suing on behalf of child users. They could also be liable for up to $50,000 per violation in civil penalties. [...] DeSantis' statement noted that "in addition to protecting children from the dangers of social media, HB 3 requires pornographic

Vinyl Records Outsell CDs For the Second Year Running Published on March 27, 2024 at 12:50AM People bought 43 million vinyl records last year, according to the Recording Industry Association of America (RIAA). From a report: That's 6 million more than the number of CDs sold in 2023, marking the second time since 1987 that's happened and reflecting the steady 17-year-running growth of vinyl sales. Vinyl, which tends to be pricier than the newer format, also far outstripped CDs in actual money made, raking in $1.4 billion compared to $537 million from CDs. The RIAA's report shows that CD revenue was up, too, but in terms of physical products sold, people actually bought about 700,000 fewer CDs in 2023 than the year before. (If you're curious, nearly half a million cassettes sold last year, too, according to Billboard.) Read more of this story at Slashdot.

Star Trek: Prodigy Season 2 Releases Early In France Published on March 27, 2024 at 12:14AM AmiMoJo writes: In a major surprise, all twenty episodes of the second season of the animated series 'Star Trek: Prodigy' have suddenly been made available in France thanks to broadcaster France Televisions. According to TrekCentral it seems France.TV, the online streaming service for the national public broadcaster, has released the entirety of the second season all at once and without any prior warning or announcement. This has led to questions online as to how this happened. Paramount+ unexpectedly canceled the series in June last year -- even as a second season had almost finished production and was completed shortly after. It took numerous fan campaigns and social media protests but ultimately Netflix picked up both completed seasons in October 2023. The streamer has confirmed the twenty episode second season will arrive this year but hasn't set a specific date as yet. Today&#

Facebook Accused of Using Your Phone To Wiretap Snapchat Published on March 26, 2024 at 11:37PM Court filings unsealed last week allege Meta created an internal effort to spy on Snapchat in a secret initiative called "Project Ghostbusters." Gizmodo: Meta did so through Onavo, a Virtual Private Network (VPN) service the company offered between 2016 and 2019 that, ultimately, wasn't private at all. "Whenever someone asks a question about Snapchat, the answer is usually that because their traffic is encrypted we have no analytics about them," said Mark Zuckerberg in an email to three Facebook executives in 2016, unsealed in Meta's antitrust case on Saturday. "It seems important to figure out a new way to get reliable analytics about them... You should figure out how to do this." Thus, Project Ghostbusters was born. It's Meta's in-house wiretapping tool to spy on data analytics from Snapchat starting in 2016, later used on YouTube and Amazon.

DeSantis Signs Bill Requiring Parental Consent For Kids Under 16 To Hold Social Media Accounts Published on March 26, 2024 at 02:12AM Florida Governor Ron DeSantis just signed into law HB 3 [PDF], a bill that will give parents of teens under 16 more control over their kids' access to social media and require age verification for many websites. From a report: The bill requires social media platforms to prevent kids under 14 from creating accounts, and delete existing ones. It also requires parent or guardian consent for 14- and 15-year-olds to create or maintain social media accounts and mandates that platforms delete social media accounts and personal information for this age group at the teen's or parent's request. Companies that fail to promptly delete accounts belonging to 14- and 15-year-olds can be sued on behalf of those kids and may owe them up to $10,000 in damages each. A "knowing or reckless" violation could also be considered an unfair or deceptive tr