An anonymous reader shares a report: Google is killing off a messaging service! This one is the odd "Google Business Messaging" service -- basically an instant messaging client that is built into Google Maps. If you looked up a participating business in Google Maps or Google Search on a phone, the main row of buttons in the place card would read something like "Call," "Chat," "Directions," and "Website." That "Chat" button is the service we're talking about. It would launch a full messaging interface inside the Google Maps app, and businesses were expected to use it for customer service purposes. Google's deeply dysfunctional messaging strategy might lead people to joke about a theoretical "Google Maps Messaging" service, but it already exists and has existed for years, and now it's being shut down.

An anonymous reader shares a report: At a two-hour drive from Riyadh, Saudi Arabia's capital, rows of solar panels extend to the horizon like waves on an ocean. Despite having almost limitless reserves of oil, the kingdom is embracing solar and wind power, partly in an effort to retain a leading position in the energy industry, which is vitally important to the country but fast changing. Looking out over 3.3 million panels, covering 14 square miles of desert, Faisal Al Omari, chief executive of a recently completed solar project called Sudair, said he would tell his children and grandchildren about contributing to Saudi Arabia's energy transition.

Although petroleum production retains a crucial role in the Saudi economy, the kingdom is putting its chips on other forms of energy. Sudair, which can light up 185,000 homes, is the first of what could be many giant projects intended to raise output from renewable energy sources like solar and wind to around 50 percent by 2030. Currently, renewable energy accounts for a negligible amount of Saudi electricity generation. Analysts say achieving that hugely ambitious goal is unlikely. "If they get 30 percent, I would be happy because that would be a good signal," said Karim Elgendy, a climate analyst at the Middle East Institute, a research organization in Washington. Still, the kingdom is planning to build solar farms at a rapid pace. "The volumes you see here, you don't see anywhere else, only in China," said Marco Arcelli, chief executive of Acwa Power, Sudair's Saudi developer and a growing force in the international electricity and water industries.

The Saudis not only have the money to expand rapidly, but are free of the long permit processes that inhibit such projects in the West. "They have a lot of investment capital, and they can move quickly and pull the trigger on project development," said Ben Cahill, a senior fellow at the Center for Strategic and International Studies, a research institution in Washington. Even Saudi Aramco, the crown jewel of the Saudi economy and the producer of nearly all its oil, sees a shifting energy landscape. To gain a foothold in solar, Aramco has taken a 30 percent stake in Sudair, which cost $920 million, the first step in a planned 40-gigawatt solar portfolio -- more than Britain's average power demand -- intended to meet the bulk of the government's ambitions for renewable energy. The company plans to set up a large business of storing greenhouse gases underground.

Mistral, the French AI startup backed by Microsoft and valued at $6 billion, has released its first generative AI model for coding, dubbed Codestral. From a report: Codestral, like other code-generating models, is designed to help developers write and interact with code. It was trained on over 80 programming languages, including Python, Java, C++ and JavaScript, explains Mistral in a blog post. Codestral can complete coding functions, write tests and "fill in" partial code, as well as answer questions about a codebase in English. Mistral describes the model as "open," but that's up for debate. The startup's license prohibits the use of Codestral and its outputs for any commercial activities. There's a carve-out for "development," but even that has caveats: the license goes on to explicitly ban "any internal usage by employees in the context of the company's business activities." The reason could be that Codestral was trained partly on copyrighted content. Codestral might not be worth the trouble, in any case. At 22 billion parameters, the model requires a beefy PC in order to run.

Data centers could use up to 9% of total electricity generated in the United States by the end of the decade, more than doubling their current consumption, as technology companies pour funds into expanding their computing hubs, the Electric Power Research Institute said on Wednesday. From a report: Depending on the adoption pace of technology such as generative artificial intelligence, which is fueling the expansion of data centers, and the energy efficiency of new centers, the estimated annual growth rate of electricity use by the industry ranges from 3.7% to 15% through 2030, the institute's analysis said. The institute is a U.S.-based research organization funded by energy and government organizations.

Data centers, along with expanding domestic manufacturing and electrification of transportation, are lifting the U.S. electricity industry out of two decades of flat growth. The centers require massive amounts of power for high-intensity computing and cooling systems, with a new large data center requiring the same amount of electricity needed to power 750,000 homes, according to numerous energy company earnings calls this year.

Helen Toner, a former OpenAI board member, said that the board didn't know about the company's 2022 launch of its chatbot ChatGPT until afterward -- and only found out about it on Twitter. From a report: In a podcast, Toner gave her fullest account to date of the events that prompted her and other board members to fire Sam Altman in November of last year. In the days that followed Chief Executive Officer Sam Altman's sudden ouster, employees threatened to quit, Altman was reinstated, and Toner and other directors left the board. "When ChatGPT came out in November 2022, the board was not informed in advance about that," Toner said on the podcast. "We learned about ChatGPT on Twitter."

In a statement provided to the TED podcast, OpenAI's current board chief, Bret Taylor said, "We are disappointed that Ms. Toner continues to revisit these issues." He also said that an independent review of Altman's firing "concluded that the prior board's decision was not based on concerns regarding product safety or security, the pace of development, OpenAI's finances, or its statements to investors, customers, or business partners." [...] In the podcast, Toner also said that Altman didn't disclose his involvement with OpenAI's startup fund. And she criticized his leadership on safety. "On multiple occasions, he gave us inaccurate information about the formal safety processes that the company did have in place," she said,"meaning that it was basically impossible for the board to know how well those safety processes were working or what might need to change."

Former FTX executive Ryan Salame has been sentenced to more than seven years in prison, "the first of the lieutenants of failed cryptocurrency mogul Sam Bankman-Fried to receive jail time for their roles in the 2022 collapse of the cryptocurrency exchange," reports the Associated Press. From the report: Salame, 30, was a high-ranking executive at FTX for most of the exchange's existence and, up until its collapse, was the co-CEO of FTX Digital Markets. He pleaded guilty last year to illegally making unlawful U.S. campaign contributions and to operating an unlicensed money-transmitting business. The sentence of 7 1/2 years in prison, plus three years of supervised release, was more than the five to seven years prosecutors had asked Judge Lewis A. Kaplan to impose on Salame in their pre-sentencing memo.

While Salame was a high-level executive at FTX, he was not a major part of the government's case against Bankman-Fried at his trial earlier this year and did not testify against him. In a bid for leniency, Salame said during the sentencing hearing that he cooperated and even provided documents that aided prosecutors in their cross examination of Bankman-Fried, as well as in his own prosecution. Along with helping Bankman-Fried hide the holes in FTX's balance sheet that ultimately led to the exchange's failure, Salame was used as a conduit for Bankman-Fried to make illegal campaign contributions to help shape U.S. policy on cryptocurrencies. On the surface, Bankman-Fried mostly gave political contributions to Democrats and liberal-leaning causes, while Salame gave contributions to Republicans and right-leaning causes. But ultimately the funds that Salame used for those contributions came from Bankman-Fried.

The judge also chastised Salame for pulling $5 million in cryptocurrencies out of FTX as the exchange was failing. "You tried to withdraw tens of millions more," Kaplan said. "It was me first. I'm getting in the lifeboat first. To heck with all those customers."

Russia may charge domestic companies to use foreign software, the TASS news agency quoted Digital Development Minister Maksut Shadaev as saying on Tuesday, as Moscow seeks to cut dependency on foreign technology and bolster its own. From a report: President Vladimir Putin has made achieving technological independence a key goal, as Western sanctions over the war in Ukraine seek to hamstring Moscow's ability to acquire technology and equipment from abroad that could help it on the battlefield. As part of that push, Putin signed a decree in early May which stated that at least 80% of Russian companies in key economic sectors should transition to using Russian-made software by 2030. Many Russian companies still use foreign software in their daily operations, although an EU sanctions package passed last December prohibits companies from supplying enterprise and design-related software to Russia. Shadaev said that introducing a levy on Russian firms would "equalise" foreign and Russian software.

Fintech firm Klarna, one of the early adopters of generative AI said on Tuesday it is using AI for purposes such as running marketing campaigns and generating images, saving about $10 million in costs annually. From a report: The company has cut its sales and marketing budget by 11% in the first quarter, with AI responsible for 37% of the cost savings, while increasing the number of campaigns, the company said. Using GenAI tools like Midjourney, DALL-E, and Firefly for image generation, Klarna said it has reduced image production costs by $6 million.

The WeWork founder Adam Neumann has shelved his bid to acquire the bankrupt shared office space provider. From a report: It emerged earlier this year that Neumann, who was ousted from the business in 2019 following a botched attempt to take it public on the stock market, was seeking to buy the business. His new real estate venture, Flow Global, submitted a bid of more than $500m to take over WeWork and its assets. On Tuesday morning, however, Neumann confirmed that Flow was walking away from his dream to take back control of the firm.

"For several months, we tried to work constructively with WeWork to create a strategy that would allow it to thrive," he told DealBook. "Instead, the company looks to be emerging from bankruptcy with a plan that appears unrealistic and unlikely to succeed." WeWork, with over $13bn in long-term leases, filed for Chapter 11 bankruptcy protection last November in order to renegotiate these agreements. At its peak, the company had been valued at $47bn as investors including the Japanese multinational SoftBank lined up to back it. As it prepared to go public in 2019, however, analysts gave it a far lower valuation. After it eventually went public, in 2021, its market valuation tumbled to less than $50m.

Sales of SUVs hit a new record in 2023, making up half of all new cars sold globally, data has revealed. Experts warned that the rising sales of the large, heavy vehicles is pushing up the carbon emissions that drive global heating. From a report: The analysis, by the International Energy Agency, found that the rising emissions from SUVs in 2023 made up 20% of the global increase in CO2, making the vehicles a major cause of the intensifying climate crisis. If SUVs were a country, the IEA said, they would be the world's fifth-largest emitter of CO2, ahead of the national emissions of both Japan and Germany. Climate-fuelled extreme weather is increasing, with urgent cuts in emissions needed. But emissions from the global transport sector have risen fast in recent years, outside of the Covid pandemic. SUV sales rose 15% in 2023, compared with a 3% rise for conventional cars.

There were more than 360m SUVs on the roads worldwide in 2023, producing 1bn tonnes of CO2 emissions, up about 10% on 2022. As a result, global oil consumption rose by 600,000 barrels a day, more than a quarter of total growth in oil demand, the IEA said. SUVs weigh 200-300kg more than an average medium-sized car and emit about 20% more CO2. In rich countries, almost 20m new SUVs were sold in 2023, surpassing a market share of 50% for the first time. Globally, 48% of new cars were SUVs and, including older cars, one in four cars on the road today are SUVs, according to the IEA.

The US stock market is finally as fast as it was about a hundred years ago. Bloomberg News: That was the last time share trades in New York settled in a single day, as they will from Tuesday under new Securities and Exchange Commission rules. The change, halving the time it takes to complete every transaction, also occurred in jurisdictions including Canada and Mexico on Monday. The switch to the system known as T+1 -- abandoned in the earlier era as volumes became unwieldy -- is ultimately intended to reduce risk in the financial system. Yet there are worries about potential teething issues, including that international investors may struggle to source dollars on time, global funds will move at different speeds to their assets, and everyone will have less time to fix errors.

The hope is that everything will run smoothly, but even the SEC said last week the transition may lead to a "short-term uptick in settlement fails and challenges to a small segment of market participants." The finance world's main industry group, the Securities Industry and Financial Markets Association, has instigated what it calls the T+1 Command Center to identify problems and coordinate a response. Firms across the spectrum have been preparing for months, relocating staff, adjusting shifts and overhauling workflows, and many say they're confident in their own readiness. The worry is whether every other counterparty and intermediary is similarly organized.

PayPal hopes to boost its growth by starting an ad network [non-paywalled link] juiced with something it already owns: data on its millions of users. From a report: The digital payments company plans to build an ad sales business around the reams of data it generates from tracking the purchases as well as the broader spending behaviors of millions of consumers who use its services, which include the more socially-enabled Venmo app. PayPal has hired Mark Grether, who formerly led Uber's advertising business, to lead the effort as senior vice president and general manager of its newly-created PayPal Ads division. In his new role, he will be responsible for developing new ad formats, overseeing sales and hiring staff to fill out the division, he said.

PayPal in January introduced Advanced Offers, its first ad product, which uses AI and the company's data to help merchants target PayPal users with discounts and other personalized promotions. Advanced Offers only charges advertisers when consumers make a purchase. Online marketplaces eBay and Zazzle have begun testing it, according to a PayPal spokesman. But PayPal now aims to sell ads not only to its own customers, but to so-called non-endemic advertisers, or those that don't sell products or services through PayPal. Those companies might use PayPal data to target consumers with ads that could be displayed elsewhere, for instance, on other websites or connected TV sets.

"Concrete and steel production are major sources of CO2 emissions," writes New Atlas, "but a new solution from Cambridge could recycle both at the same time." Throwing old concrete into steel-processing furnaces not only purifies iron but produces "reactivated cement" as a byproduct. If done using renewable energy, the process could make for completely carbon-zero cement.

Concrete is the world's most used building material, and making it is a particularly dirty business — concrete production alone is responsible for about 8% of total global CO2 emissions. Unfortunately it's not easy to recycle back into a form that can be used to make new concrete structures... For the new study, Cambridge researchers investigated how waste concrete could be converted back into clinker, the dry component of cement, ready to be used again. "I had a vague idea from previous work that if it were possible to crush old concrete, taking out the sand and stones, heating the cement would remove the water, and then it would form clinker again," said Dr. Cyrille Dunant, first author of the study...

An electric arc furnace needs a "flux" material, usually lime, to purify the steel. This molten rocky substance captures the impurities, then bubbles to the surface and forms a protective layer that prevents the new pure steel from becoming exposed to air. At the end of the process, the used flux is discarded as a waste material. So for the Cambridge method, the lime flux was swapped out for the recycled cement paste. And sure enough, not only was it able to purify the steel just fine, but if the leftover slag is cooled quickly in air, it becomes new Portland cement.

The resulting concrete has similar performance to the original stuff. Importantly, the team says this technique doesn't add major costs to either concrete or steel production, and significantly reduces CO2 emissions compared to the usual methods of making both. If the electric arc furnace was powered by renewable sources, it could essentially make for zero-emission cement.
"The first industrial-scale trials are underway this month," the article adds. "Producing zero emissions cement is an absolute miracle, but we've also got to reduce the amount of cement and concrete we use," said Professor Julian Allwood, who led the research.

And the professor has also recorded a thoughtful video visualizing the process — and explaining the significance of their breakthrough.

In the future, "Probably none of us will have a job," Elon Musk said Thursday, speaking remotely to the VivaTech 2024 conference in Paris. Instead, jobs will be optional — something we'd do like a hobby — "But otherwise, AI and the robots will provide any goods and services that you want."

CNN reports that Musk added this would require "universal high income" — and "There would be no shortage of goods or services." In a job-free future, though, Musk questioned whether people would feel emotionally fulfilled. "The question will really be one of meaning — if the computer and robots can do everything better than you, does your life have meaning?" he said. "I do think there's perhaps still a role for humans in this — in that we may give AI meaning."
CNN accompanied their article with this counterargument: In January, researchers at MIT's Computer Science and Artificial Intelligence Lab found workplaces are adopting AI much more slowly than some had expected and feared. The report also said the majority of jobs previously identified as vulnerable to AI were not economically beneficial for employers to automate at that time. Experts also largely believe that many jobs that require a high emotional intelligence and human interaction will not need replacing, such as mental health professionals, creatives and teachers.
CNN notes that Musk "also used his stage time to urge parents to limit the amount of social media that children can see because 'they're being programmed by a dopamine-maximizing AI'."

China's rapid solar power expansion is slowing due to grid bottlenecks, market reforms, and diminishing rooftop space, with new solar builds dropping 32% in March year-on-year. Reuters reports: The country's solar power expansion is slowing due to tighter curbs on supplying excess power from rooftop solar into the grid and changes in electricity pricing that are denting the economics of new solar projects. Forecasts show China's solar build this year will be heavily outpaced by growth in its photovoltaic (PV) module manufacturing capacity, raising the prospect the country will export more solar panels despite a trade backlash in Europe and the U.S. The main factor slowing the expansion of distributed solar - installations built near the point of use, mostly on rooftops - is that there is not enough storage or transmission capacity to soak up the excess power generated when the sun is shining. That in turn is leading regulators to take away some of the price support that led to the rapid growth of distributed solar. "In the next couple of years, this is going to be a huge problem that all provinces will face as grids are oversaturated, the infrastructure is overwhelmed," said Cosimo Ries, an analyst with Trivium China, a policy research group. [...]

Renewable generators previously enjoyed a guarantee that grid operators would buy nearly all of their power at a rate tied to the coal index. That guarantee was lifted on April 1 and took effect earlier in some places, three industry experts said. Now, renewable generation is increasingly subject to less favourable market pricing. Shenhua Energy, a state-run coal and power firm, said in its first-quarter report that prices for its solar power fell 34.2% year-on-year to 283 yuan per megawatt-hour (MWh), while its coal power prices fell just 2.4% to 406 yuan per MWh. Wang Xiuqiang, a researcher at consultancy Beijing Linghang, attributed the lower solar prices and profitability to a higher proportion of market-based pricing. At the same time, grid companies are dialling back the 5% curtailment limit, "creating the risk for project owners that their generation might not be bought", said David Fishman of Shanghai-based energy consultancy the Lantau Group.

Curtailment for Huaneng Power International, a major state-owned generator, rose to 7.7% in the first quarter from 3.1% a year earlier, Jefferies analysts said in a client note, citing Huaneng management. In a further challenge, the easiest-to-site projects have already been largely developed, said Shi Lida, research manager at Yongan Guofu Asset Management. At sites still available, rooftops may need to be reinforced, grid connections may be limited, or hours of sunlight may be short. "If your costs don't continue to fall, the investment will not be cost effective," Shi said. Further reading: Germany Has Too Many Solar Panels, and It's Pushed Energy Prices Negative

An anonymous reader quotes a report from The Register: The Federal Trade Commission (FTC) has shared data on the most impersonated companies in 2023, which include Best Buy, Amazon, and PayPal in the top three. The federal agency detailed the top ten companies scammers impersonate and how much they make depending on the impersonation. By far the most impersonated corp was Best Buy and its repair business Geek Squad, with a total of 52k reports. Amazon impersonators came in second place with 34k reports, and PayPal a distant third with 10,000. Proportionally, the top three made up roughly 72 percent of the reports among the top ten, and Best Buy and Geek Squad scam reports were about 39 percent on their own. Though, high quantity doesn't necessarily translate to greater success for scammers, as the FTC also showed how much scammers made depending on what companies they impersonated. Best Buy and Geek Squad, Amazon, and PayPal scams made about $15 million, $19 million, and $16 million respectively, but that's nothing compared to the $60 million that Microsoft impersonators were able to fleece. [...]

The FTC also reported the vectors scammers use to contact their victims. Phone and email are still the most common means, but social media is becoming increasingly important for scamming and features the most costly scams. The feds additionally disclosed the kinds of payment methods scammers use for all sorts of frauds, including company and individual impersonation scams, investment scams, and romance scams. Cryptocurrency and bank transfers were popular for investment scammers, who are the most prolific on social media, while gift cards were most common for pretty much every other type of scam. However, not all scammers ask for digital payment, as the Federal Bureau of Investigation says that even regular old mail is something scammers are relying on to get their ill-gotten gains.

An anonymous reader quotes a report from The Hill: Federal Trade Commission (FTC) Chair Lina Khan said Wednesday that companies that train their artificial intelligence (A) models on data from news websites, artists' creations or people's personal information could be in violation of antitrust laws. At The Wall Street Journal's "Future of Everything Festival," Khan said the FTC is examining ways in which major companies' data scraping could hinder competition or potentially violate people's privacy rights. "The FTC Act prohibits unfair methods of competition and unfair or deceptive acts or practices," Khan said at the event. "So, you can imagine, if somebody's content or information is being scraped that they have produced, and then is being used in ways to compete with them and to dislodge them from the market and divert businesses, in some cases, that could be an unfair method of competition."

Khan said concern also lies in companies using people's data without their knowledge or consent, which can also raise legal concerns. "We've also seen a lot of concern about deception, about unfairness, if firms are making one set of representations when you're signing up to use them, but then are secretly or quietly using the data you're feeding them -- be it your personal data, be it, if you're a business, your proprietary data, your competitively significant data -- if they're then using that to feed their models, to compete with you, to abuse your privacy, that can also raise legal concerns," she said.

Khan also recognized people's concerns about companies retroactively changing their terms of service to let them use customers' content, including personal photos or family videos, to feed into their AI models. "I think that's where people feel a sense of violation, that that's not really what they signed up for and oftentimes, they feel that they don't have recourse," Khan said. "Some of these services are essential for navigating day to day life," she continued, "and so, if the choice -- 'choice' -- you're being presented with is: sign off on not just being endlessly surveilled, but all of that data being fed into these models, or forego using these services entirely, I think that's a really tough spot to put people in." Khan said she thinks many government agencies have an important role to play as AI continues to develop, saying, "I think in Washington, there's increasingly a recognition that we can't, as a government, just be totally hands off and stand out of the way." You can watch the interview with Khan here.

Emma Roth reports via The Verge: The UK could subject big tech companies to hefty fines if they don't comply with new rules meant to promote competition in digital markets. On Thursday, lawmakers passed the Digital Markets, Competition and Consumer Bill (DMCC) through Parliament, which will let regulators enforce rules without the help of the courts. The DMCC also addresses consumer protection issues by banning fake reviews, forcing companies to be more transparent about their subscription contracts, regulating secondary ticket sales, and getting rid of hidden fees. It will also force certain companies to report mergers to the UK's Competition and Markets Authority (CMA). The European Union enacted a similar law, called the Digital Markets Act (DMA).

Only the companies the CMA designates as having Strategic Market Status (SMS) have to comply. These SMS companies are described as having "substantial and entrenched market power" and "a position of strategic significance" in the UK. They must have a global revenue of more than 25 billion euros or UK revenue of more than 1 billion euros. The law will also give the CMA the authority to determine whether a company has broken a law, require compliance, and issue a fine -- all without going through the court system. The CMA can fine companies up to 10 percent of the total value of a business's global revenue for violating the new rules.

ICQ, a once-popular IM, is shutting down on June 26, it says on its website. It once served tens of millions of users daily.

California is another state lining up to pass a law requiring adult sites to verify the ages of porn watchers. From a report: The California State Assembly passed the Parent's Accountability and Child Protection Act that will require porn companies doing business in the state to verify that users are 18 years or older. This law would also affect other businesses such as fireworks, body branding, and even BB guns. Democrat Rebecca Bauer-Kahan and Republican Juan Alanis pushed for passage of the bill, which ended up receiving 65 out of possible 80 yes votes, and zero no votes with 15 assembly members listed as not voting. Before the bill becomes law, it still has to pass the State Senate and then be signed by Governor Gavin Newsom. Louisiana was the first state to pass an age verification law for adult sites in 2022. In the past year, several other states jumped on the bandwagon including Utah, Arkansas, Florida, Indiana, Mississippi, Montana, North Carolina, Texas, and Virginia.