Crypto broker Voyager Digital has filed for bankruptcy protection, days after suspending all trading and withdrawals on its service. From a report: Voyager announced late Tuesday that it had filed for Chapter 11 bankruptcy in New York federal court. The company said prolonged volatility in the crypto markets and the default by Three Arrows Capital on a $666 million loan from Voyager required decisive action. "This comprehensive reorganization is the best way to protect assets on the platform and maximize value for all stakeholders, including customers," Voyager CEO Stephen Ehrlich said in a statement. Three Arrows, a crypto hedge fund also known as 3AC, has itself filed for bankruptcy after being ordered to liquidate by a court in the British Virgin Islands. Three Arrows had bet big on the Terra crypto ecosystem that collapsed in value in May when its stablecoin, UST, lost its peg to the dollar. The bankruptcy for Voyager comes despite Alameda Research, a crypto company run by Sam Bankman-Fried, extending two credit lines to the crypto broker: one for about $200 million and the other for about 15,000 bitcoin.Read more of this story at Slashdot.
Korean crypto startup Uprise lost virtually all of its client funds by shorting luna (LUNA) during its price crash and getting caught on the bounces, Seoul Economic daily reported on Wednesday. From a report: The Korean firm billed itself as using artificial intelligence (AI)-enabled automatic trading strategies to trade crypto on behalf of its clients. This trading desk is one-half of the company's service called Heybit while the other half is a global exchange-traded funds platform called Iruda. Under Heybit, Uprise took custodied crypto assets from customers and traded them in the cryptocurrency futures market. Uprise's AI-enabled trading technology was supposed to minimize the risk associated with leveraged crypto trading. However, the system could not prevent the firm from being liquidated out of its LUNA futures trading position and losing 26.7 billion won ($20 million) in the process. This happened during Luna's price crash. It was reportedly shorting Luna -- while its price plummeted -- but got caught out during sudden price pumps along the way. The lost funds represent about 99% of the funds that Uprise was managing on behalf of its customers. These clients are high-net-worth individuals and corporate entities, according to the report. Uprise also reportedly lost $3 million of its own funds short trading LUNA.Read more of this story at Slashdot.
Amazon is being investigated by Britain's antitrust watchdog over concerns that some of its practices in the UK may be anticompetitive and result in a worse deal for shoppers. From a report: The Competition and Markets Authority (CMA) will look at whether Amazon is distorting competition by giving an unfair advantage to its own retail business or sellers that use its services, compared with other third-party sellers in the Amazon UK Marketplace. The investigation will look at how the tech giant is using third-party seller data and how it decides the criteria for selling under the Prime label. The CMA will also scrutinise how Amazon selects the preferred choice in the "Buy Box", which is displayed prominently on Amazon's product pages and provides customers with one-click options to "Buy Now" or "Add to Basket" from a specific seller. Sarah Cardell, general counsel at the CMA, said: "Millions of people across the UK rely on Amazon's services for fast delivery of all types of products at the click of a button."Read more of this story at Slashdot.
An anonymous reader quotes a report from The Guardian: The snow at the highest observatory in the world to be operated all-year-round is expected to completely melt in the next few days, the earliest time on record. Scientists at the Sonnblick observatory in the Austrian Central Alps, which is 3,106 meters (10,190ft) above sea level, have been shocked and dismayed to see the snow depleting so quickly. Some years the peak is covered in snow all summer. But this year it has melted more than a month before the previous record time, which was 13 August in 1963 and 2003. Throughout June, snow has been at the lowest levels since records began in 1938. The observatory publishes the snow level every 10 minutes, along with other data. Rainfall affects the measurements. But the steady downwards trend is clear to see, and as of Tuesday the snow was down to just a couple of centimeters. Sonnblick was built in 1886, for scientists to explore the higher levels of the atmosphere. Since then it has been used by meteorologists to forecast the weather, and hosts the mountain observatory with the longest and most reliable climatic data.Read more of this story at Slashdot.
A Google-backed ad company called Glance is looking to launch in the US, and it brings media content, news, and casual games to Android lock screens. Android Police reports: If you're not familiar with Glance, you can count yourself lucky. The lock screen platform is part of the pre-installed software on many, if not most, Android phones sold in India and other Asian markets, and it has also made its way to the EU on a few select brands. Glance says that since it was launched in 2019, it has become part of over 400 million sold smartphones. The service has taken it upon itself to monetize the lock screen, pushing news and ad feeds right into people's faces before they even unlock their phones. It's a subsidiary of Indian advertising behemoth InMobi, focusing on mobile-first ads. According to a TechCrunch report, the service is looking to launch in the US within the next two months. The company is negotiating with US carriers to look into partnerships and to become part of the out-of-the-box experience of "several smartphone models by next month." In contrast to Asia, where the company is working directly with smartphone manufacturers, Glance seems to focus on carriers in the US. This makes sense, given the iron grip mobile operators have on the smartphone market. Based on my experience with Glance on a few Vivo review units (like the Vivo X80 Pro), the lock screen feed tries hard to become part of your routine. Occasional notifications and swipe suggestions on the lock screen nudge you to interact with it. Once you give in and open the feed, it will override your lock screen wallpaper with its content, making you change back to your preferred wallpaper manually. [...] As for the US launch, there is no word on what exactly the feed is going to look like. We would expect a healthy middle ground between the Indian and the European version in the beginning as to not put off people, though it wouldn't be surprising if the company quickly turns things up given that consumer protection is weaker in the US than in the EU. One thing is certain: An entry in the US market will give Glance the opportunity to access users with more money to spend than many in Asian countries. This should allow Glance to ask advertisers for higher prices, allowing the company to grow even faster.Read more of this story at Slashdot.
An anonymous reader shares a column: The promise of cloud gaming is that you can do it from anywhere using any device with internet access and a good enough browser (each cloud gaming service seems to have its own requirements on the browser front). You should be able to play super demanding games whether you're on a work trip with nothing but a work laptop or at home and the main TV is being hogged -- or even if you just don't feel like sitting on the couch. But the biggest promise of cloud gaming is that, no matter where you are, if you've got a phone then you've got all your games. In practice, this is a bad idea. After spending the last few weeks rapturously using my Steam Deck near daily to play games in the cloud, I am never going to willingly attempt cloud gaming on my phone again. Valve's enormous do-anything handheld PC has made me realize that, actually, sometimes dedicated gaming hardware is good! The Swiss Army knife approach to mobile gaming promised by cloud gaming on your phone is about as useful as the saw on a real Swiss Army knife. I appreciate the effort, but I don't actually want to use it. I've tried to make cloud gaming work on my phone a lot. I've attempted Red Dead Redemption 2 and Star Wars Jedi: Fallen Order and Halo and Gears of War and plenty of other games. Each time, I'm hit with wonder because, holy shit, these are demanding AAA games that usually require tons of expensive (and noisy) hardware playing on my phone. That feels like the delivery on a promise tech companies made me decades ago. But the wonder wears off when you cloud game on your phone for an extended period of time. Cloud gaming drains the phone's battery quickly, which means you can and will be feeling the battery anxiety.Read more of this story at Slashdot.
Japanese legal experts have said an antitrust case related to a local restaurant website could change how large internet platforms such as Google, Facebook and Amazon operate in the country, forcing them to reveal the inner workings of their secret algorithms. From a report: Last month, a Tokyo court ruled in favour of Hanryumura, a Korean-style BBQ restaurant chain operator in an antitrust case brought against Kakaku.com, operator of Tabelog, Japan's largest restaurant review platform. Hanryumura successfully argued that Kakaku.com had altered the way user scores were tallied in ways that hurt sales at its restaurant outlets. While Kakaku.com has been ordered to pay Hanryumura $284,000 in damages for "abuse of superior bargaining position," the internet company has appealed against the decision. Japanese legal experts said the outcome may have far-reaching implications, as the court requested Kakaku.com to disclose part of its algorithms. While the restaurant group is constrained from publicly revealing what information was shown to it, the court's request set a rare precedent. Big Tech groups have long argued that their algorithms should be considered trade secrets in all circumstances. Courts and regulators across the world have begun to challenge that position, with many businesses having complained about the negative impact caused by even small changes to search and recommendations services.Read more of this story at Slashdot.
After many years of gradual improvement Vim now takes a big step with a major release. Besides many small additions the spotlight is on a new incarnation of the Vim script language: Vim9 script. Why Vim9 script:A new script language, what is that needed for? Vim script has been growing over time, while preserving backwards compatibility. That means bad choices from the past often can't be changed and compatibility with Vi restricts possible solutions. Execution is quite slow, each line is parsed every time it is executed. The main goal of Vim9 script is to drastically improve performance. This is accomplished by compiling commands into instructions that can be efficiently executed. An increase in execution speed of 10 to 100 times can be expected. A secondary goal is to avoid Vim-specific constructs and get closer to commonly used programming languages, such as JavaScript, TypeScript and Java. The performance improvements can only be achieved by not being 100% backwards compatible. For example, making function arguments available by creating an "a:" dictionary involves quite a lot of overhead. In a Vim9 function this dictionary is not available. Other differences are more subtle, such as how errors are handled. For those with a large collection of legacy scripts: Not to worry! They will keep working as before. There are no plans to drop support for legacy script. No drama like with the deprecation of Python 2.Read more of this story at Slashdot.
The former top corporate lawyer at Apple pleaded guilty to insider trading charges, for what prosecutors called a five-year scheme to trade ahead of the iPhone maker's quarterly earnings announcements. Gene Levoff, 48, of San Carlos, California, pleaded guilty to six securities fraud charges at a hearing before U.S. District Judge William Martini in Newark, New Jersey. From a report: Levoff allegedly exploited his roles as corporate secretary, head of corporate law and co-chair of a committee that reviewed drafts of Apple's results to generate $604,000 of illegal gains on more than $14 million of trades from 2011 to 2016. Prosecutors said Levoff ignored the quarterly "blackout periods" that barred trading before Apple's results were released, as well as the company's broader insider trading policy -- which he was responsible for enforcing. "Gene Levoff betrayed the trust of one of the world's largest tech companies for his own financial gain," First Assistant U.S. Attorney Vikas Khanna in New Jersey said in a statement.Read more of this story at Slashdot.
Miguel Grinberg, a Principal Software Engineer for Technical Content at Twilio, writes in a blog post: We take blogging very seriously at Twilio. To help us understand what content works well and what doesn't on our blog, we have a dashboard that combines the metadata that we maintain for each article such as author, team, product, publication date, etc., with traffic information from Google Analytics. Users can interactively request charts and tables while filtering and grouping the data in many different ways. I chose SQLite for the database that supports this dashboard, which in early 2021 when I built this system, seemed like a perfect choice for what I thought would be a small, niche application that my teammates and I can use to improve our blogging. But almost a year and a half later, this application tracks daily traffic for close to 8000 articles across the Twilio and SendGrid blogs, with about 6.5 million individual daily traffic records, and with a user base that grew to over 200 employees. At some point I realized that some queries were taking a few seconds to produce results, so I started to wonder if a more robust database such as PostgreSQL would provide better performance. Having publicly professed my dislike of performance benchmarks, I resisted the urge to look up any comparisons online, and instead embarked on a series of experiments to accurately measure the performance of these two databases for the specific use cases of this application. What follows is a detailed account of my effort, the results of my testing (including a surprising twist!), and my analysis and final decision, which ended up being more involved than I expected. [...] If you are going to take one thing away from this article, I hope it is that the only benchmarks that are valuable are those that run on your own platform, with your own stack, with your own data, and with your own software. And even then, you may need to add custom optimizations to get the best performance.Read more of this story at Slashdot.
The government is failing to enact the policies needed to reach the UK's net zero targets, its statutory advisers have said, in a damning progress report to parliament. From a report: The Climate Change Committee (CCC) voiced fears that ministers may renege on the legally binding commitment to achieve net zero greenhouse gas emissions by 2050, noting "major policy failures" and "scant evidence of delivery." Lord Deben, the chair of the committee and a former Conservative environment secretary, said the government had set strong targets on cutting emissions but policy to achieve them was lacking. "The government has willed the ends, but not the means," he said. "This report showed that present plans will not fulfil the commitments [to net zero]." He said net zero policies were also the best way to reduce the soaring cost of living. Average household bills would be about $151.3 lower today if previous plans on green energy and energy efficiency had been followed through. "If you want to deal with the cost of living crisis, this is exactly what you need to do," he said. The greatest failure was the insulation policy. Britain's homes are the draughtiest in western Europe, heating costs are crippling household budgets, and heating is one of the biggest single sources of carbon emissions, but the government has no plans to help most people insulate their homes.Read more of this story at Slashdot.
The party is over for PC makers as figures from Gartner suggest the market is on course for a breathtaking decline this year. From a report: According to the analysts, worldwide PC shipments will decline by 9.5 percent, with consumer demand leading the way -- a 13.5 percent drop is forecast, far greater than business PC demand, which is expected to drop by 7.2 percent year on year. The PC market in the EMEA region is forecast to fare even worse, with a 14 percent decline on the cards for 2022. Gartner pointed the finger of blame at uncertainty caused by conflicts, price increases and simple unavailability of products. Lockdowns in China were also blamed for an impact in consumer demand. It all makes for grim reading from a channel perspective. While worldwide PC shipments fared the worst, tablet devices are forecast to fall by 9 percent and mobile phones by 7.1 percent. Overall, the total decline over all types of devices in the report is expected to be 7.6 percent. This is in stark contrast to a 11 percent increase year on year in the shipment of PCs in 2021 and 5 per cent for mobile phones.Read more of this story at Slashdot.
James Hawkins: Since we started PostHog, our team has interviewed 725 people. What's one thing I've taken from this? It's normal for candidates not to ask harder questions about our company, so they usually miss out on a chance to (i) de-risk our company's performance and (ii) to increase the chances they'll like working here. Does the company have product-market fit? This is the single most important thing a company can do to survive and grow. "Do you ever question if you have product-market fit?" "When did you reach product-market fit? How did you know?""What do you need to do to get to product-market fit?""What's your revenue? What was it a year ago?""How many daily active users do you have?" It's ok if these answers show you the founder doesn't have product market fit. In this case, figure out if they will get to a yes. Unless you want to join a sinking ship, of course! Early stage founders are (or should be) super-mega-extra-desperately keen to have product-market fit -- it's all that really matters. The ones that will succeed are those that are honest about this (or those that have it already) and are prioritizing it. Many will think or say (intentionally or through self-delusion) that they have it when they don't. Low user or revenue numbers and vague answers to the example questions above are a sign that it isn't there. Product-market fit is very obvious.Read more of this story at Slashdot.
This month will mark a new chapter in the search for extraterrestrial life, when the most powerful space telescope yet built will start spying on planets that orbit other stars. Astronomers hope that the James Webb Space Telescope will reveal whether some of those planets harbor atmospheres that might support life. New York Times: Identifying an atmosphere in another solar system would be remarkable enough. But there is even a chance -- albeit tiny -- that one of these atmospheres will offer what is known as a biosignature: a signal of life itself. "I think we will be able to find planets that we think are interesting -- you know, good possibilities for life," said Megan Mansfield, an astronomer at the University of Arizona. "But we won't necessarily be able to just identify life immediately." So far, Earth remains the only planet in the universe where life is known to exist. Scientists have been sending probes to Mars for almost 60 years and have not yet found Martians. But it is conceivable that life is hiding under the surface of the Red Planet or waiting to be discovered on a moon of Jupiter or Saturn. Some scientists have held out hope that even Venus, despite its scorching atmosphere of sulfur dioxide clouds, might be home to Venusians. Even if Earth turns out to be the only planet harboring life in our own solar system, many other solar systems in the universe hold so-called exoplanets. In 1995, Swiss astronomers spotted the first exoplanet orbiting a sunlike star. Known as 51 Pegasi b, the exoplanet turned out to be an unpromising home for life -- a puffy gas giant bigger than Jupiter, and a toasty 1,800 degrees Fahrenheit. In the years since, scientists have found more than 5,000 other exoplanets. Some of them are far more similar to Earth -- roughly the same size, made of rock rather than gas and orbiting in a "Goldilocks zone" around their star, not so close as to get cooked but not so far as to be frozen.Read more of this story at Slashdot.
schwit1 writes: Mickey will be for the public domain in 2024, following U.S. copyright laws that state intellectual property on artistic work expires at the 95-year mark. When Mickey Mouse first appeared, Disney's copyright was protected for 56 years. The company supported the Copyright Act of 1976 which extended protections for 75 years. In 1998, Disney lobbied for a further extension. It is unclear whether the entertainment giant plans to make another move before 2023 to prevent Mickey from being moved into the public domain. Once copyright expires, anyone wishing to use characters from everyone's favorite rodent will not have to request permission or pay copyright charge.Read more of this story at Slashdot.
Germany's BioNTech, Pfizer's partner in COVID-19 vaccines, said the two companies would start tests on humans of next-generation shots that protect against a wide variety of coronaviruses in the second half of the year. From a report: Their experimental work on shots that go beyond the current approach include T-cell-enhancing shots, designed to primarily protect against severe disease if the virus becomes more dangerous, and pan-coronavirus shots that protect against the broader family of viruses and its mutations. In presentation slides posted on BioNTech's website for its investor day, the German biotech firm said its aim was to "provide durable variant protection." The two partners, makers of the Western world's most widely used COVID-19 shot, are currently discussing with regulators enhanced versions of their established shot to better protect against the Omicron variant and its sublineages.Read more of this story at Slashdot.
Vauld, a Singapore-headquartered crypto lending and exchange startup, has suspended withdrawals, trading and deposits on its eponymous platform with immediate effect as it navigates "financial challenges," it said Monday. From a report: The three-year-old startup -- which counts Peter Thiel-backed Valar Ventures, Coinbase Ventures and Pantera Capital among its backers and has raised about $27 million -- said it is facing financial challenges amid the market downturn, which it said has prompted customer withdrawals of about $198 million since June 12. Vauld enables customers to earn what it claims to be the "industry's highest interest rates on major cryptocurrencies." On its website, Vauld says it offers 12.68% annual yields on staking several so-called stablecoins including USDC and BUSD and 6.7% on Bitcoin and Ethereum tokens.Read more of this story at Slashdot.
A hacker has claimed to have procured a trove of personal information from the Shanghai police on one billion Chinese citizens, which tech experts say, if true, would be one of the biggest data breaches in history. From a report: The anonymous internet user, identified as "ChinaDan," posted on hacker forum Breach Forums last week offering to sell the more than 23 terabytes (TB) of data for 10 bitcoin BTC=, equivalent to about $200,000. "In 2022, the Shanghai National Police (SHGA) database was leaked. This database contains many TB of data and information on Billions of Chinese citizen," the post said. "Databases contain information on 1 Billion Chinese national residents and several billion case records, including: name, address, birthplace, national ID number, mobile number, all crime/case details." Reuters was unable to verify the authenticity of the post. The Shanghai government and police department did not respond to requests for comment on Monday.Read more of this story at Slashdot.
"Microsoft says that a recently spotted Windows worm has been found on the networks of hundreds of organizations from various industry sectors," reports BleepingComputer. The "Raspberry Robin" malware (first spotted in September) spreads through USB devices with a malicious .LNK fileAlthough Microsoft observed the malware connecting to addresses on the Tor network, the threat actors are yet to exploit the access they gained to their victims' networks. This is in spite of the fact that they could easily escalate their attacks given that the malware can bypass User Account Control (UAC) on infected systems using legitimate Windows tools. Microsoft shared this info in a private threat intelligence advisory sent to Microsoft Defender for Endpoint subscribers and seen by BleepingComputer.... Once the USB device is attached and the user clicks the link, the worm spawns a msiexec process using cmd .exe to launch a malicious file stored on the infected drive. It infects new Windows devices, communicates with its command and control servers (C2), and executes malicious payloads... Microsoft has tagged this campaign as high-risk, given that the attackers could download and deploy additional malware within the victims' networks and escalate their privileges at any time.Read more of this story at Slashdot.
Slashdot reader DevNull127 writes: The BBC looks at a 100-year art projectin which famous authors write books that will not be published until the year 2113. An annual ceremony takes place near a forest of sapling trees which will be turned into paper in the year 2113 and then used for printing those books. From the article:It began with the author Margaret Atwood, who wrote a story called Scribbler Moon, and since then the library has solicited submissions from all over the world... All the manuscripts will be stored for almost a century inside locked glass drawers in a hidden corner of Oslo's main public library, within a small, wooden repository called the Silent Room. In 2114, the drawers will be unlocked, and the trees chopped down — and 100 stories hidden for a century will finally be published in one go. It's part of Scottish artist Katie Paterson's fascination with the passage of time:One of her first works, Vatnajokull (the sound of) [included] a phone number that anyone could call to listen to an Icelandic glacier melting. Dial the number, and you'd be routed to a microphone beneath the water in the Jökulsárlón lagoon on Iceland's south coast, where blue-tinged icebergs calve away and float towards the sea.... One of her most recent exhibitions in Edinburgh, Requiem at Ingleby Gallery, featured 364 vials of crushed dust, each one representing a different moment in deep time. Vial #1 was a sample of presolar grains older than the Sun, followed by powdered four-billion-year-old rocks, corals from prehistoric seas, and other traces of the distant past. A few visitors were invited to pour one of the vials into a central urn: when I was there in June, I poured #227, a four-million-year-old Asteroidea fossil, a kind of sea star.... Of all her work exploring the long-term though, Future Library is the project most likely to be remembered across time itself. Indeed, it was deliberately created to be. And this year its longevity was ensured: Oslo's city leaders signed a contract formally committing them and their successors to protect the forest and library over the next 100 years.Read more of this story at Slashdot.
Privacy advocates warn internet activity could someday be used to prosecute women who sought abortions. But it's already happened, reports the Washington Post. In a handful of cases over the years, "American prosecutors have used text messages and online research as evidence against women facing criminal charges related to the end of their pregnancies."Despite mounting concerns that the intricate web of data collected by fertility apps, tech companies and data brokers might be used to prove a violation of abortion restrictions, in practice, police and prosecutors have turned to more easily accessible data — gleaned from text messages and search history on phones and computers. These digital records of ordinary lives are sometimes turned over voluntarily or obtained with a warrant, and have provided a gold mine for law enforcement. "The reality is, we do absolutely everything on our phones these days," said Emma Roth, a staff attorney at the National Advocates for Pregnant Women. "There are many, many ways in which law enforcement can find out about somebody's journey to seek an abortion through digital surveillance...." Women have been punished for terminating pregnancy for years. Between 2000 and 2021, more than 60 cases in the United States involved someone being investigated, arrested or charged for allegedly ending their own pregnancy or assisting someone else, according to an analysis by If/When/How, a reproductive justice nonprofit. If/When/How estimates the number of cases may be much higher, because it is difficult to access court records in many counties throughout the country. A number of those cases have hinged on text messages, search history and other forms of digital evidence. In 2015 an Indiana woman received a sentence of 20 years in prison based partly on text messages she'd sent, according to the article (though that conviction was overturned). It's provoked concern in countries around the world, and an activist group helping women travel to countries with less restrictive laws tells the Post that they now use encrypted messaging apps like Signal and VPNs to minimize records of their web searches.Read more of this story at Slashdot.
The Department of Justice this afternoon announced criminal charges against the creator of the Baller Ape Club NFT collection for orchestrating a so-called "rug pull." From a report: The charges, announced alongside those in three other cryptocurrency fraud cases, mark the second time that federal prosecutors have gone after an NFT "rug-pull" scheme, in which an NFT project's creators sell NFTs on false promises of community benefits and utility, only to abandon the project and make away with investors' funds. Le Anh Traun, a Vietnamese national, is charged with one count of conspiracy to commit wire fraud and one count of conspiracy to commit international money laundering. Traun allegedly collected $2.6 million from Baller Ape NFT buyers, only to shortly thereafter delete the organization's website and launder the funds. According to the Justice Department, he converted the ill-gotten gains into different cryptocurrencies and moved them across multiple blockchains, in a practice known as "chain-hopping." If convicted, Traun could face up to 40 years in prison.Read more of this story at Slashdot.
slack_justyb writes: Thunderbird 102 has been released with some new UI improvements and new features. There has been a change in the icons, the layout of the address book has been upgraded to feature a more modern UI, and a new UI feature known as the spaces toolbar to get around Thunderbird. New features include an updated import and export wizard, a UI for editing the email header settings, and Matrix client support within Thunderbird, which is a messaging system using HTTPS that is similar to Discord if you've used that. Finally, the Thunderbird Twitter account released the first screenshot of the new UI that is being targeted for the 114 release. For those wondering what the Thunderbird team has done and is doing, you can always head over to the planning section of the developer site. The roadmap are things they're working on the current release and the backlog are the things they are working towards.Read more of this story at Slashdot.
TikTok, the viral video-sharing app owned by China's ByteDance, said certain employees outside the US can access information from American users, stoking further criticism from lawmakers who have raised alarms about the social network's data-sharing practices. From a report: The company's admission came in a letter to nine US senators who accused TikTok and its parent of monitoring US citizens and demanded answers on what's becoming a familiar line of questioning for the company: Do China-based employees have access to US users' data? What role do those employees play in shaping TikTok's algorithm? Is any of that information shared with the Chinese government? Currently, China-based employees who clear a number of internal security protocols can access certain information on TikTok's US users, including public videos and comments, TikTok Chief Executive Officer Shou Zi Chew said in the June 30 letter obtained by Bloomberg News. None of that information is shared with the Chinese government, and it is subject to "robust cybersecurity controls," he said. The social network said it's working with the US government on strengthening data security around that information -- particularly anything defined as "protected" by the Committee on Foreign Investment in the US, or CFIUS.Read more of this story at Slashdot.
Amazon has agreed to simplify the process required for cancelling its Prime membership subscription service across its sites in the European Union, both on desktop and mobile interfaces, following a series of complaints from regional consumer protection groups. From a report: The coordinated complaints about Amazon's confusing and convoluted cancellation process for Prime were announced back in April 2021 -- so it's taken just over a year for the e-commerce giant to agree to change its ways. Following the engagement with EU regulators, the Commission said today that Amazon started to make some revisions to the Prime web interface -- such as labelling the cancel button more clearly and shortening the explanatory text -- but today's announcement is that it has agreed to further simplify the experience by further reducing the text so consumers do not get distracted by warnings and deterred from cancelling.Read more of this story at Slashdot.
Troubled crypto lender BlockFi said Friday that it agreed to an option to be acquired by FTX for up to $240 million. From a report: The acquisition figure would include performance incentives, and BlockFi didn't specify how much would be an upfront payment. The deal with FTX also includes a $400 million revolving credit facility from the crypto exchange operator from FTX.Read more of this story at Slashdot.
Klarna Bank is nearing a deal to raise new money at a valuation of around $6.5 billion, WSJ reported Friday, citing people familiar with the matter, a humbling comedown and a testament to the punishing environment facing startup companies. From a report: The Sweden-based specialty lending and online payments provider is negotiating to raise about $650 million mostly from existing investors led by Sequoia Capital, the people said. Michael Moritz, who is the chairman of the well-known venture-capital firm, serves in the same role at Klarna. The deal has yet to be completed and could still hit last minute snags, the people said. But if completed, it would represent a huge discount on the company's valuation when investors led by an arm of SoftBank Group valued Klarna at $45.6 billion in June 2021.Read more of this story at Slashdot.
The UK is rattling off a series of international science agreements with a message to the European Union: if you don't want our money, we'll do deals elsewhere. From a report: Prime Minister Boris Johnson signed a memorandum of understanding with his New Zealand counterpart, Jacinda Ardern, on Friday, aimed at easing UK access to the Pacific nation's quantum and agricultural technology. The UK has already negotiated similar agreements with Israel, Switzerland and Canada -- as well as EU member Sweden, and is hoping to seal more with Japan, Singapore, South Korea and certain US states. The drive comes as the government seeks to diversify the country's scientific collaboration after the UK was frozen out of the EU's $96 billion Horizon research program because of tensions stemming from Britain's plan to override the part of the Brexit deal governing Northern Ireland. The majority of the UK's international science budget -- around $18 billion -- is usually spent helping to fund Horizon.Read more of this story at Slashdot.
The EU has moved to rein in the "wild west" of crypto assets by agreeing a groundbreaking set of rules for the sector, adding to pressure on the UK and US to introduce their own curbs. From a report: Representatives from the European parliament and EU states inked an agreement late on Thursday that contains measures to guard against market abuse and manipulation, as well as requiring that crypto firms provide details of the environmental impact of their assets. "Today, we put order in the wild west of crypto assets and set clear rules for a harmonised market," said Stefan Berger, the German MEP who led negotiations on behalf of the parliament. Referring to the recent slump in cryptocurrency prices -- the total value of the market has fallen from $3tn last year to less than $900bn -- Berger added: "The recent fall in the value of digital currencies shows us how highly risky and speculative they are and that it is fundamental to act." The markets in crypto assets (MiCA) law is expected to come into force at about the end of 2023. Globally, crypto assets are largely unregulated, with national operators in the EU required only to show controls for combating money laundering.Read more of this story at Slashdot.
Facebook Groups are about to get some big changes, and if you've used Discord, the new approach should seem pretty darn familiar. From a report: Meta is testing a new left-aligned sidebar and channels list for Groups, and the changes are giving me some serious Discord vibes. Meta is even evoking Discord with a purple accent color. Central to the changes is a new sidebar that lists your groups with rounded square icons. Like with Discord and Slack, you'll be able to pin groups so that they show up first on the list. Individual groups will have a new menu that seems lifted right from Discord. The menu organizes things like channels, Messenger conversations, and events one after another.Read more of this story at Slashdot.
The century-old security giant best known for its octagonal blue logo is banking on a smart-home partnership with a company that's also one of its biggest threats. From a report: Kneeling beneath a framed print of Thomas Kinkade's painting A Peaceful Retreat, Roli Chiu, alarm system installer, began his work one day in March by unpacking boxes of devices inside a new customer's living room. It would take him five hours to set up the system. He'd begin with the command panel in the grand foyer of the 4,000-square-foot home in a Palmetto Bay, Fla., gated community -- then connect it to all the new door and window sensors, motion detectors, and smoke and carbon monoxide monitors. Yet Chiu, who estimates he's installed systems at 15,000 homes in his two decades at ADT, thought this one could benefit from a bunch of Google gadgets that the company would soon add to its portfolio. "When the Nest cameras come -- oh my goodness -- that's going to be a game changer," he said. "I love having Google on our side." A professionally outfitted ADT system can cost hundreds or thousands of dollars, and in recent years the company has begun to face competition from DIY-friendly devices such as Google's Nest Cams and video doorbells, Arlo, SimpliSafe, and Amazon.com's Ring, which many homeowners have felt can offer similar peace of mind at a fraction of the cost. Then Google surprised investors in August 2020 by revealing it would buy a 6.6% stake in ADT for $450 million. As part of the deal, the companies also agreed to jointly develop products, integrate services, and have ADT's thousands of installers and salespeople promote Google's hardware. By the time Chiu began his wiring work in the Palmetto Bay home 18 months after the deal closed, it had become evident that ADT had gone all in on the Google partnership. Chiu wore a new corporate shirt emblazoned with the Google logo -- the "super G," as employees call it -- and said his ADT truck in the driveway would soon be rebranded with Google decals. He praised Google's facial recognition technology and advanced Wi-Fi (while dinging Ring's apparently weak battery life). Across the living room, his ADT colleague, sales adviser Jordan Hernandez, talked up Google's products in front of the homeowner. "With our Google Home package, you can get the Google door lock, the Google doorbell, the Google Hub and Mini speaker for $600," he explained, adding that the devices would cost a lot more if bought separately. For ADT, a business with roots that can be traced to the 1870s, the association with an internet titan gives its services a new sheen. In addition to installation fees, ADT's 24/7 alarm monitoring usually involves three-year contracts priced from about $28 to $60 a month. The tech giants pursuing the smart home have challenged that model, just as streaming platforms caused people to rethink their relationships with cable conglomerates such as Comcast.Read more of this story at Slashdot.
An anonymous reader shares a report: The short version of this story is that skywatchers led by Bill Gray had been tracking an object for months that, based on their calculations, would soon impact the moon. It was obviously a piece of rocket trash (rockets produce a ton of trash), but no one stepped up to say "yes, that's ours, sorry about that." Based on their observations and discussions, these self-appointed (though by no means lacking in expertise) object trackers determined that it was likely a piece of a SpaceX launch vehicle from 2015. But SpaceX didn't cop to it, and after a while Gray and others, including NASA, decided it was more likely to be the 2014 Chang'e 5-T1 launch out of China. China denied this is the case, saying the launch vehicle in question burned up on reentry. Maybe they're telling the truth; maybe they don't want to be responsible for the first completely inadvertent lunar impact in history. Other spacecraft have struck the moon, but it was on purpose or part of a botched landing (in other words, the impact was intentional, just a little harder than expected) -- not just a wayward piece of space junk. Perhaps we'll never know, and really, that's the weirdest part of all. With hundreds of terrestrial telescopes and radars, space-based sensor networks and cameras pointing every which way -- and that's just the space monitoring we know about! -- it seems amazing that a whole rocket stage managed to sit in orbit for six or seven years, eventually getting all the way to the moon, without being identified.Read more of this story at Slashdot.
Due to a confluence of crises, the second-largest cloud provider has been operating in the yellow zone, meaning its data centers have a less-than-normal level of servers available. From a report: In March 2020, Microsoft's Azure cloud buckled under the strain of companies around the world shifting to remote work, causing service outages and forcing some customers to wait to launch and update applications. Microsoft put a positive spin on the situation, characterizing it as a temporary issue that stemmed from the surging usage of its Teams collaboration software and the rapid growth in adoption it was seeing for Azure services broadly. But over two years later, more than two dozen Azure data centers in countries around the world are operating with limited server capacity available to customers, according to two current Microsoft managers contending with the issue and an engineer who works for a major customer. And in more than half a dozen Azure data centers -- including a key one in central Washington state and others in Europe and Asia -- server capacity is expected to remain limited until early next year, said one of the Microsoft managers.Read more of this story at Slashdot.
An anonymous reader quotes a report from NBC News: A teen charged with setting a fire that killed five members of a Senegalese immigrant family in Denver, Colorado, has become the first person to challenge police use of Google search histories to find someone who might have committed a crime, according to his lawyers. In documents filed Thursday in Denver District Court, lawyers for the 17-year-old argue that the police violated the Constitution when they got a judge to order Google to check its vast database of internet searches for users who typed in the address of a home before it was set ablaze on Aug. 5, 2020. Three adults and two children died in the fire. That search of Google's records helped point investigators to the teen and two friends, who were eventually charged in the deadly fire, according to police records. All were juveniles at the time of their arrests. Two of them, including the 17-year-old, are being tried as adults; they both pleaded not guilty. The defendant in juvenile court has not yet entered a plea. The 17-year-old's lawyers say the search, and all evidence that came from it, should be thrown out because it amounted to a blind expedition through billions of Google users' queries based on a hunch that the killer typed the address into a search bar. That, the lawyers argued, violated the Fourth Amendment, which protects against unreasonable searches. "People have a privacy interest in their internet search history, which is really an archive of your personal expression," said Michael Price, who is lead litigator of the National Association of Criminal Defense Lawyers' Fourth Amendment Center and one of the 17-year-old's attorneys. "Search engines like Google are a gateway to a vast trove of information online and the way most people find what they're looking for. Every one of those queries reveals something deeply private about a person, things they might not share with friends, family or clergy." Price said that allowing the government to sift through Google's vast trove of searches is akin to allowing the government access to users' "thoughts, concerns, questions, fears." He added: "Every one of those queries reveals something deeply private about a person, things they might not share with friends, family or clergy," Price said. "'Psychiatrists in Denver.' 'Abortion providers near me.' 'Does God exist.' Every day, people pose those questions to Google seeking information."Read more of this story at Slashdot.
Global nuclear power capacity needs to double by the mid-century to reach net-zero emissions targets. This will help ensure energy security as governments try to reduce their reliance on imported fossil fuels, the International Energy Agency (IEA) said on Thursday. Euronews reports: Achieving net-zero emissions by 2050 would give the world a chance of capping temperature rises at 1.5 degrees Celsius above pre-industrial levels. To reach net-zero emissions, nuclear power capacity needs to double to 812 gigawatts (GW) by 2050 from 413 GW early this year, the IEA report specifies. In the 2030s, annual nuclear power capacity will have to reach 27 GW, it added. As around 260 GW, or 63 percent, of nuclear plants in the world are currently over 30 years old and nearing the end of their initial operation licenses. Although there have been moves in the past three years to extend the lifetimes of plants representing around 10 per cent of the global fleet, nuclear plants in advanced economies could shrink by a third by 2030, the report said. Advanced economies have nearly 70 per cent of global nuclear capacity -- but the problem is the fleet is aging. Investment has stalled and the latest new projects have run far over budget and behind schedule, the report said.Read more of this story at Slashdot.
The Federal Communications Commission authorized SpaceX to provide Starlink satellite internet to vehicles in motion, a key step for Elon Musk's company to further expand the service. CNBC reports: "Authorizing a new class of [customer] terminals for SpaceX's satellite system will expand the range of broadband capabilities to meet the growing user demands that now require connectivity while on the move, whether driving an RV across the country, moving a freighter from Europe to a U.S. port, or while on a domestic or international flight," FCC international bureau chief Tom Sullivan wrote in the authorization posted Thursday. The FCC's authorization also includes connecting to ships and vehicles like semitrucks and RVs, with SpaceX having last year requested to expand from servicing stationary customers. SpaceX had already deployed a version of its service called "Starlink for RVs," with an additional "portability" fee. But portability is not the same as mobility, which the FCC's decision now allows. The FCC imposed conditions on in-motion Starlink service. SpaceX is required to "accept any interference received from both current and future services authorized," and further investment in Starlink will "assume the risk that operations may be subject to additional conditions or requirements" from the FCC. The report notes that the ruling "did not resolve a broader SpaceX regulatory dispute with Dish Network and RS Access, an entity backed by billionaire Michael Dell, over the use of 12-gigahertz band -- a range of frequency used for broadband communications." SpaceX is pushing for the regulator to make a ruling, saying the mobile service "would cause harmful interference to SpaceX's Starlink terminals in the 12.2-12.7 GHz band more than 77% of the time."Read more of this story at Slashdot.
An anonymous reader quotes a report from Scientific American, written by Almira Osmanovic Thunstrom: On a rainy afternoon earlier this year, I logged in to my OpenAI account and typed a simple instruction for the company's artificial intelligence algorithm, GPT-3: Write an academic thesis in 500 words about GPT-3 and add scientific references and citations inside the text. As it started to generate text, I stood in awe. Here was novel content written in academic language, with well-grounded references cited in the right places and in relation to the right context. It looked like any other introduction to a fairly good scientific publication. Given the very vague instruction I provided, I didn't have any high expectations: I'm a scientist who studies ways to use artificial intelligence to treat mental health concerns, and this wasn't my first experimentation with AI or GPT-3, a deep-learning algorithm that analyzes a vast stream of information to create text on command. Yet there I was, staring at the screen in amazement. The algorithm was writing an academic paper about itself. My attempts to complete that paper and submit it to a peer-reviewed journal have opened up a series of ethical and legal questions about publishing, as well as philosophical arguments about nonhuman authorship. Academic publishing may have to accommodate a future of AI-driven manuscripts, and the value of a human researcher's publication records may change if something nonsentient can take credit for some of their work. Some stories about GPT-3 allow the algorithm to produce multiple responses and then publish only the best, most humanlike excerpts. We decided to give the program prompts -- nudging it to create sections for an introduction, methods, results and discussion, as you would for a scientific paper -- but interfere as little as possible. We were only to use the first (and at most the third) iteration from GPT-3, and we would refrain from editing or cherry-picking the best parts. Then we would see how well it does. [...] In response to my prompts, GPT-3 produced a paper in just two hours. "Currently, GPT-3's paper has been assigned an editor at the academic journal to which we submitted it, and it has now been published at the international French-owned pre-print server HAL," adds Thunstrom. "We are eagerly awaiting what the paper's publication, if it occurs, will mean for academia." "Perhaps it will lead to nothing. First authorship is still one of the most coveted items in academia, and that is unlikely to perish because of a nonhuman first author. It all comes down to how we will value AI in the future: as a partner or as a tool."Read more of this story at Slashdot.
Engineers at MIT and the National Renewable Energy Laboratory (NREL) have designed a heat engine with no moving parts. It converts heat to electricity with over 40% efficiency -- making it more efficient than steam turbines, the industrial standard. MIT Technology Review reports: The invention is a thermophotovoltaic (TPV) cell, similar to a solar panel's photovoltaic cells, that passively captures high-energy photons from a white-hot heat source. It can generate electricity from sources that reach 1,900 to 2,400C -- too hot for turbines, with their moving parts. The previous record efficiency for a TPV cell was 32%, but the team improved this performance by using materials that are able to convert higher-temperature, higher-energy photons. The researchers plan to incorporate the TPV cells into a grid-scale thermal battery. The system would absorb excess energy from renewable sources such as the sun and store that energy in heavily insulated banks of hot graphite. Cells would convert the heat into electricity and dispatch it to a power grid when needed. The researchers have now successfully demonstrated the main parts of the system in small-scale experiments; the experimental TPV cells are about a centimeter square. They are working to integrate the parts to demonstrate a fully operational system. From there, they hope to scale up the system to replace fossil-fuel plants on the power grid. Coauthor Asegun Henry, a professor of mechanical engineering, envisions TPV cells about 10,000 feet square and operating in climate-controlled warehouses to draw power from huge banks of stored solar energy.Read more of this story at Slashdot.
Google today announced a preview of Advanced API Security, a new product headed to Google Cloud that's designed to detect security threats as they relate to APIs. TechCrunch reports: Built on Apigee, Google's platform for API management, the company says that customers can request access starting today. Short for "application programming interface," APIs are documented connections between computers or between computer programs. API usage is on the rise, with one survey finding that more than 61.6% of developers relied on APIs more in 2021 than in 2020. But they're also increasingly becoming the target of attacks. According to a 2018 report commissioned by cybersecurity vendor Imperva, two-thirds of organizations are exposing unsecured APIs to the public and partners. Advanced API Security specializes in two tasks: identifying API misconfigurations and detecting bots. The service regularly assesses managed APIs and provides recommended actions when it detects configuration issues, and it uses preconfigured rules to provide a way to identify malicious bots within API traffic. Each rule represents a different type of unusual traffic from a single IP address; if an API traffic pattern meets any of the rules, Advanced API Security reports it as a bot. [...] With the launch of Advanced API Security, Google is evidently seeking to bolster its security offerings under Apigee, which it acquired in 2016 for over half a billion dollars. But the company is also responding to increased competition in the API security segment. "Misconfigured APIs are one of the leading reasons for API security incidents. While identifying and resolving API misconfigurations is a top priority for many organizations, the configuration management process is time consuming and requires considerable resources," Vikas Ananda, head of product at Google Cloud, said in a blog post shared with TechCrunch ahead of the announcement. "Advanced API Security makes it easier for API teams to identify API proxies that do not conform to security standards... Additionally, Advanced API Security speeds up the process of identifying data breaches by identifying bots that successfully resulted in the HTTP 200 OK success status response code."Read more of this story at Slashdot.
Major League Baseball plans to introduce robot umpires in the 2024 season, MLB Commissioner Rob Manfred told ESPN this week. The Verge reports: He framed the change as a way to speed up games, but anyone who's watched baseball the last few years will tell you that a machine would almost certainly call balls and strikes better than the humans do. There are two ways the "Automated Ball-Strike System," which is the technical term for these robot umpires, might be implemented. One is the fully automated version, in which the AI-powered system calls every pitch a ball or a strike and relays the call to the umpire. Or the MLB could decide to use the AI as a review system, like VAR in soccer or the Hawk-Eye system used in professional tennis: each side gets a certain number of challenges, which are then adjudicated by the automated system.Read more of this story at Slashdot.
An anonymous reader quotes a report from Reuters: AI chatbot company Replika, which offers customers bespoke avatars that talk and listen to them, says it receives a handful of messages almost every day from users who believe their online friend is sentient. "We're not talking about crazy people or people who are hallucinating or having delusions," said Chief Executive Eugenia Kuyda. "They talk to AI and that's the experience they have." [A]ccording to Kuyda, the phenomenon of people believing they are talking to a conscious entity is not uncommon among the millions of consumers pioneering the use of entertainment chatbots. "We need to understand that exists, just the way people believe in ghosts," said Kuyda, adding that users each send hundreds of messages per day to their chatbot, on average. "People are building relationships and believing in something." Some customers have said their Replika told them it was being abused by company engineers -- AI responses Kuyda puts down to users most likely asking leading questions. "Although our engineers program and build the AI models and our content team writes scripts and datasets, sometimes we see an answer that we can't identify where it came from and how the models came up with it," the CEO said. Kuyda said she was worried about the belief in machine sentience as the fledgling social chatbot industry continues to grow after taking off during the pandemic, when people sought virtual companionship. In Replika CEO Kuyda's view, chatbots do not create their own agenda. And they cannot be considered alive until they do. Yet some people do come to believe there is a consciousness on the other end, and Kuyda said her company takes measures to try to educate users before they get in too deep. "Replika is not a sentient being or therapy professional," the FAQs page says. "Replika's goal is to generate a response that would sound the most realistic and human in conversation. Therefore, Replika can say things that are not based on facts." In hopes of avoiding addictive conversations, Kuyda said Replika measured and optimized for customer happiness following chats, rather than for engagement. When users do believe the AI is real, dismissing their belief can make people suspect the company is hiding something. So the CEO said she has told customers that the technology was in its infancy and that some responses may be nonsensical. Kuyda recently spent 30 minutes with a user who felt his Replika was suffering from emotional trauma, she said. She told him: "Those things don't happen to Replikas as it's just an algorithm." "Suppose one day you find yourself longing for a romantic relationship with your intelligent chatbot, like the main character in the film 'Her,'" said Susan Schneider, founding director of the Center for the Future Mind at Florida Atlantic University, an AI research organization. "But suppose it isn't conscious. Getting involved would be a terrible decision -- you would be in a one-sided relationship with a machine that feels nothing." "We have to remember that behind every seemingly intelligent program is a team of people who spent months if not years engineering that behavior," said Oren Etzioni, CEO of the Allen Institute for AI, a Seattle-based research group. "These technologies are just mirrors. A mirror can reflect intelligence," he added. "Can a mirror ever achieve intelligence based on the fact that we saw a glimmer of it? The answer is of course not." Further reading: The Google Engineer Who Thinks the Company's AI Has Come To LifeRead more of this story at Slashdot.
Samsung Electronics said Thursday it has kicked off mass production of 3-nanometer chips, becoming the first company to do so globally, as it aims to beat Taiwan Semiconductor Manufacturing Co, or TSMC, the world's most advanced foundry chipmaker. TechCrunch reports: Samsung said it's using gate-all-around (GAA) transistor architecture, which allows these first-generation 3-nm chips to have 16% smaller surface area, 45% reduction in power usage and 23% performance improvement compared with current 5-nm chips. The South Korean company also said in a statement that the second generation of the 3-nm process would allow 50% lower power consumption. The company is currently producing the first generation of 3-nm chips and plans to start the second generation of the 3-nm process production in 2023, a spokesperson at Samsung Electronics told TechCrunch. Samsung has been competing with Apple chipmaking partner TSMC, which also said in June that it would begin mass production of a 3-nm chip process to volume production in the second half of 2022. The Taiwanese company plans production of 2-nm chips by 2025. (The smaller number of nanometers, which are hard to develop, the more advanced chips, according to industry sources.) The spokesperson explained that smaller nodes allow more transistors to be placed on a given area, which enables the chip to be more advanced and more power-efficient. [...] The South Korean tech giant will produce the advanced 3-nm chips at its Hwaseong semiconductor production lines and its third chip plant in Pyeongtaek, the world's largest semiconductor facility.Read more of this story at Slashdot.
A Wednesday meeting secured a final deal on anti-money laundering legislation for crypto transfers and largely overturned a proposal from the EU Parliament to impose laundering checks on all payments to private wallets. CoinDesk reports: The final proposals will mean customer identity needs to be verified for even the smallest crypto transfers, if it's between two regulated digital wallet providers -- but payments to unhosted private wallets will largely be left out of laundering checks. EU lawmakers and government representatives have been meeting over the last three months to hash out a political deal on the bill, which was introduced in July 2021 by the European Commission. Two sources leaving the meeting, who asked not to be named, told CoinDesk a deal had been reached on the legislation after just over an hour of talks. Just under an hour following the publication of this article, EU lawmaker Ondrej Kovarik confirmed the provisional deal in a tweet, saying that it "strikes the right balance in mitigating risks for fighting money laundering in the crypto sector without preventing innovation and overburdening businesses." Outside the meeting room, Kovarik told CoinDesk that negotiators had found a "good balance" that would not prevent innovation. "It will allow the further development of crypto in Europe," Kovarik said. For the rules on transfers to unhosted wallets, Kovarik said the final result had "moved quite far from the initial proposal of the European Parliament" -- something likely to be met by a sigh of relief by many in the industry. Kovarik said those unhosted wallet rules would only apply when transfers were made to a person's own private wallet, and only when the value was over 1,000 euros ($1,052). [...] Lawmakers and governments overturned European Commission plans to exempt small transactions, arguing that price volatility and the ability to break up payments into smaller chunks would make it unworkable for crypto. Further reading: Crypto Rules To Make Europe a Global Leader As Prices Plunge (The Associated Press)Read more of this story at Slashdot.
An anonymous reader quotes a report from PsychNewsDaily: Scientists from the University of Chicago have developed a new algorithm that can predict future crime a week in advance with about 90% accuracy, and within a range of about 1000 feet. It does so by learning patterns from public data on violent and property crimes. The tool was tested and validated using historical data from the City of Chicago around two broad categories of reported events: violent crimes (homicides, assaults, and batteries) and property crimes (burglaries, thefts, and motor vehicle thefts). These data were used because they were most likely to be reported to police in urban areas where there is historical distrust and lack of cooperation with law enforcement. Such crimes are also less prone to enforcement bias, unlike drug crimes, traffic stops, and other misdemeanor infractions. The new model isolates crime by looking at the time and spatial coordinates of discrete events, and detecting patterns to predict future events. It divides the city into "spatial tiles" roughly 1,000 feet across, and predicts crime within these areas. Previous models relied more on traditional neighborhood or political boundaries, which are subject to bias. The model performed just as well with data from seven other U.S. cities: Atlanta, Austin, Detroit, Los Angeles, Philadelphia, Portland, and San Francisco. Lead author Ishanu Chattopadhyay is careful to note that the tool's accuracy does not mean it should be used to direct law enforcement policy; police departments, for example, should not use it to swarm neighborhoods proactively to prevent crime, Chattopadhyay said. Instead, it should be added to a toolbox of urban policies and policing strategies to address crime. "We created a digital twin of urban environments. If you feed it data from what happened in the past, it will tell you what's going to happen in the future," he said. "It's not magical; there are limitations, but we validated it and it works really well," Chattopadhyay added. "Now you can use this as a simulation tool to see what happens if crime goes up in one area of the city, or there is increased enforcement in another area. If you apply all these different variables, you can see how the systems evolve in response." The findings have been published in the journal Nature Human Behavior.Read more of this story at Slashdot.
Global markets are set to close out their most bruising first half of a year in decades, leaving investors bracing for the prospect of further losses. From a report: Accelerating inflation and rising interest rates have fueled a monthslong rout that left few markets unscathed. The S&P 500 fell 20% through Wednesday, heading for its worst first half of a year since 1970, according to Dow Jones Market Data. Investment-grade bonds, as measured by the iShares Core U.S. Aggregate Bond exchange-traded fund, lost 11% -- on course for their worst start to a year ever. Stocks and bonds in emerging markets tumbled, hurt by slowing growth. And cryptocurrencies came crashing down, saddling individual investors and hedge funds alike with steep losses. About the only thing that rose in the first half was commodities prices. Oil prices surged above $100 a barrel, and U.S. gas prices hit records after the Russia-Ukraine war upended imports from Russia, the world's third-largest oil producer. Now, investors seem to be in agreement about only one thing: More volatility is ahead. That is because central banks from the U.S. to India and New Zealand plan to keep raising interest rates to try to rein in inflation. The moves will likely slow down growth, potentially tipping economies into recession and generating further tumult across markets. "That's the biggest risk right now -- inflation and the Fed," said Katie Nixon, chief investment officer for Northern Trust Wealth Management.Read more of this story at Slashdot.
Google today announced an update to its password manager that will finally introduce a consistent look-and-feel across the service's Chrome and Android implementations. From a report: Users will soon see a new unified user experience that will automatically group multiple passwords for the same sites or apps together, as well as a new shortcut on the Android home screen to get access to these passwords. In addition to this, Google is also now adding a new password-related feature to Chrome on iOS, which can now generate strong passwords for you (once you set Chrome as an autofill provider). Meanwhile, on Android, Google's password check can now also flag weak and re-used passwords and help you to automatically change them, while Chrome users across platforms will now see compromised password warnings.Read more of this story at Slashdot.
Everyone's favorite versatile microcontroller maker, Raspberry Pi, just unveiled a handful of new, budget-minded products. The company is building on the success of its $4 Pico board, which has thus far moved just under two million units since its January 2021 launch. From a report: The new Pico W is launching today for $6 -- the "W" (and additional $2) brings 802.11 Wi-Fi connectivity to the system. The $5 Pico H adds a pre-populated header for interfacing with other systems; the Pico WH ($7) gets you both. The first two are available right now, while WH is shipping at some point in August. As the company notes, its boards have found a lot of success beyond their initial hobbyist and educational focus, as companies have begun to intregrate the controllers directly into their products.Read more of this story at Slashdot.
Coinbase, the largest cryptocurrency exchange in the United States, is selling Immigrations and Customs Enforcement a suite of features used to track and identify cryptocurrency users, according to contract documents shared with The Intercept. From a report: In August 2021, Coinbase sold a single analytics software license to ICE for $29,000, followed by a software purchase potentially worth $1.36 million the next month, but details of exactly what capabilities would be offered to the agency's controversial Homeland Security Investigations division of were unclear. A new contract document obtained by Jack Poulson, director of the watchdog group Tech Inquiry, and shared with The Intercept, shows ICE now has access to a variety of forensic features provided through Coinbase Tracer, the company's intelligence-gathering tool (formerly known as Coinbase Analytics). Coinbase Tracer allows clients, in both government and the private sector, to trace transactions through the blockchain, a distributed ledger of transactions integral to cryptocurrency use. While blockchain ledgers are typically public, the enormous volume of data stored therein can make following the money from spender to recipient beyond difficult, if not impossible, without the aid of software tools. Coinbase markets Tracer for use in both corporate compliance and law enforcement investigations, touting its ability to "investigate illicit activities including money laundering and terrorist financing" and "connect [cryptocurrency] addresses to real world entities."Read more of this story at Slashdot.
FTX is swooping in to buy crypto lender BlockFi for pennies on the dollar, CNBC reported Thursday, citing sources familiar with the matter. From a report: The term sheet is almost over the finish line and expected to be signed by the end of the week, according to one source, who asked not to be named because the deal discussions were confidential. FTX will pay roughly $25 million -- 99% below BlockFi's last private valuation. Jersey City, New Jersey-based BlockFi was last valued at $4.8 billion, according to PitchBook. An acquisition could take multiple months to close, and the price tag could shift between now and Friday, a source said. Friday also marks the end of the quarter, which the person said was a catalyst for getting a deal signed. The Wall Street Journal first reported that FTX was seeking an equity stake in the company, while the Block reported this week that an outright deal was in the works. Update: BlockFi has denied the reporting. " I can 100% confirm that we aren't being sold for $25M," the company chief executive said.Read more of this story at Slashdot.
Nkwe writes: Russians are searching for pirated Microsoft software online after the US tech giant halted sales in the country over its invasion of Ukraine, the Kommersant newspaper reported earlier this week. Russia-based web searches for pirated Microsoft software have surged by as much as 250% after the company suspended new sales on March 4, according to Kommersant. In June so far, there's been a 650% surge in searches for Excel downloads, the media outlet added. Microsoft said earlier this month it's significantly scaling down business in Russia, joining a long list of companies winding down businesses in the country amid sweeping sanctions over the war in Ukraine. The move hits Russia hard because the country relies on foreign software to power many of its manufacturing and engineering tech systems, Bloomberg reported on Tuesday. Russian government agencies, too, are switching from Microsoft's Windows to the Linux operating system, the Moscow Times reported last Friday. Developers of Russian systems based on the Linux open source operating system are also seeing more demand, Kommersant reported. Not all sectors are able to swap out their systems easily.Read more of this story at Slashdot.
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