We've just had the world's first press conference with AI-enabled, humanoid social robots. Click here to jump straight to Slashdot's transcript of all the robots' answers during the press conference, or watch the 40-minute video here.

It all happened as the United Nations held an "AI for Good" summit in Geneva, where the Guardian reports that the foyer was "humming with robotic voices, the whirring of automated wheels and limbs, and Desdemona, the 'rock star' humanoid, who is chanting 'the singularity will not be centralised' on stage backed by a human band, Jam Galaxy."

But the Associated Press describes how one UN agency had "assembled a group of robots that physically resembled humans at a news conference Friday, inviting reporters to ask them questions in an event meant to spark discussion about the future of artificial intelligence. "The nine robots were seated and posed upright along with some of the people who helped make them at a podium in a Geneva conference center... Among them: Sophia, the first robot innovation ambassador for the U.N. Development Program, or UNDP; Grace, described as a health care robot; and Desdemona, a rock star robot."

"I'm terrified by all of this," said one local newscaster, noting that the robots also said they "had no intention of rebelling against their creators."

But the Associated Press points out an important caveat: While the robots vocalized strong statements - that robots could be more efficient leaders than humans, but wouldn't take anyone's job away or stage a rebellion - organizers didn't specify to what extent the answers were scripted or programmed by people. The summit was meant to showcase "human-machine collaboration," and some of the robots are capable of producing preprogrammed responses, according to their documentation.
Two of the robots seemed to disagree on whether AI-powered robots should submit to stricter regulation. (Although since they're only synthesizing sentences from large-language models, can they really be said to "agree" or "disagree"?)

There were unintentionally humorous moments, starting right from the beginning. Click here to start reading Slashdot's transcript of the robots' answers:

Wisconsin Governor Tony Evers has used his partial veto power to make a creative line-item change to the state budget, securing increased funding for public schools until 2425 instead of 2025. The BBC reports: Republicans have reacted with fury to what they call "an unprecedented brand-new way to screw the taxpayer." The move could however be undone by a legal challenge or future governor. It is the latest tussle between Mr Evers, a former public school teacher who narrowly won re-election last year, and a Republican-controlled state legislature that has often blocked his agenda. Their original budget proposal had raised the amount local school districts could generate via property taxes, by $325 per student, for the next two school years.

But Wisconsin allows its governors to alter certain pieces of legislation by striking words and numbers as they see fit before signing them into law - what is known as partial veto power. Both Democrats and Republicans have flexed their partial veto authority for years, with Mr Evers' Republican predecessor once deploying it to extend a state program's deadline by one thousand years.

This week, before he signed the biennial state budget into law, the governor altered language that applied the $325 increase to the 2023-24 and 2024-25 school years, vetoing a hyphen and a "20" to instead make the end date 2425. He also used his power to remove proposed tax cuts for the state's wealthiest taxpayers and protect some 180 diversity, equity and inclusion jobs Republicans wanted to cut at the public University of Wisconsin.

Chinese regulators imposed more than $1 billion in fines on tech giants Ant Group and Tencent Holdings, signalling an end to a crackdown on the sector that had wiped out billions in market value and derailed the world's biggest initial public offering. From a report: The People's Bank of China fined Ant 7.12 billion yuan ($984 million), wrapping more than two years of probes into the finance technology giant founded by billionaire Jack Ma. Tencent was levied a 2.99 billion yuan fine, according to statements from the central bank Friday. Shares in Ant affiliate Alibaba Group Holding soared more than 6% in New York trading. Investors are betting the fines draw a line under the multi-year crackdown that torpedoed Ant's planned IPO in 2020 and ensnared some of the nation's most powerful private firms in sectors from online education to gaming. It paves the way for Ant to revive growth and eventually resurrect plans for an IPO.

UK universities have drawn up a set of guiding principles to ensure that students and staff are AI literate, as the sector struggles to adapt teaching and assessment methods to deal with the growing use of generative artificial intelligence. From a report: Vice-chancellors at the 24 Russell Group research-intensive universities have signed up to the code. They say this will help universities to capitalise on the opportunities of AI while simultaneously protecting academic rigour and integrity in higher education. While once there was talk of banning software like ChatGPT within education to prevent cheating, the guidance says students should be taught to use AI appropriately in their studies, while also making them aware of the risks of plagiarism, bias and inaccuracy in generative AI.

Staff will also have to be trained so they are equipped to help students, many of whom are already using ChatGPT in their assignments. New ways of assessing students are likely to emerge to reduce the risk of cheating. All 24 Russell Group universities have reviewed their academic conduct policies and guidance to reflect the emergence of generative AI. The new guidance says: "These policies make it clear to students and staff where the use of generative AI is inappropriate, and are intended to support them in making informed decisions and to empower them to use these tools appropriately and acknowledge their use where necessary."

After a three-year pause, U.S. student loan repayments are set to resume on October 1st — just three months from today. But CNN reports that yesterday America's Supreme Court "struck down President Joe Biden's student loan forgiveness program, blocking millions of borrowers from receiving up to $20,000 in federal student debt relief."

"The court's 6 to 3 conservative majority held that the secretary of education did not have that authority under existing law," writes the Washington Post. The Guardian quotes President Biden's response: "I think the court misinterpreted the constitution."

CNN reports: No debt had been canceled, even though the Biden administration had received about 26 million applications for relief last year and approved 16 million of them. The forgiveness program, estimated to cost $400 billion, would have fulfilled a campaign promise of Biden's to cancel some student loan debt. But a group of Republican-led states and other conservative groups took the administration to court over the program, claiming that the executive branch does not have the power to so broadly cancel student debt in the proposed manner.

Critics also point out that the one-time student loan forgiveness program does nothing to address the cost of college for future students and could even lead to an increase in tuition. Some Democrats joined Republicans in voting for a bill to block the program. Both the Senate and the House passed the measure, but Biden vetoed the bill in early June...

The administration estimated that roughly 20 million borrowers would have seen their entire federal student loan balance wiped away.
UPDATE: CNBC reports the administration hasn't given up: President Joe Biden suggested on Friday that he was looking for another avenue to deliver student debt relief after the Supreme Court rejected his forgiveness plan.

"Today's decision has closed one path," Biden said during a briefing Friday. "Now we're going to pursue another."
A statement from the White House also points to other relief policies for students, noting for example that now "no one with an undergraduate loan has to pay more than 5 percent of their discretionary income." CNN reports: New rules set to take effect in July could broaden eligibility for the Public Service Loan Forgiveness program, which is aimed at helping government and nonprofit workers. And a new income-driven repayment plan proposal is meant to lower eligible borrowers' monthly payments and reduce the amount they pay back over time. The administration said this plan was finalized Friday and borrowers will be able to take advantage of it this summer, before loan payments are due. The Department of Education has also made it easier for borrowers who were misled by their for-profit college to apply for student loan forgiveness under a program known as borrower defense to repayment, as well as for those who are permanently disabled. Altogether, the Biden administration has approved more than $66 billion in targeted loan relief to nearly 2.2 million borrowers....

[T]he Biden administration said Friday that it will provide a 12-month on-ramp period for borrowers reentering payment... Borrowers will not be reported to credit bureaus, be considered in default or referred to collection agencies for late, missed or partial payments during the on-ramp period, according to a fact sheet from the White House.

Figma is expanding its partnership with Google for Education in a bid to introduce more school-age students to its product design and collaboration platforms. Announced during the Config event on Wednesday, June 21st, all K-12 students across the US can now access Figma for free on education Chromebooks. Figma is also expanding its educational partnership with Chromebooks outside of the US, starting with Google schools in Japan. The Verge reports: Today's announcement effectively opens up the beta program that Figma released last year, which was initially limited to select US high schools. As with the beta, students will have access to both Figma (the company's flagship product design platform) and FigJam, Figma's collaborative whiteboarding app. Figma's Google program is only available on Chromebooks, though the company said that schools using non-Google systems can apply for access on an individual class basis.

While Figma already provides free account tiers, these restrict users to a limited number of files and features. This offering for educational markets gives students and educators access to the company's Enterprise tier -- which typically starts at $75 a month per editor -- without paying a dime. The Enterprise tier for Figma and FigJam is the company's most powerful offering, allowing large groups of students to collaborate at scale. It also grants educators full control over their Figma environments to ensure student safety and support class management.

The Chromebook-specific perks of this partnership allow school admins running Google Workspace for Education to deploy and manage Figma to numerous Chromebooks with a few clicks, directly within the Google Admin console. And given how popular Chromebooks are in educational settings (largely because they're cheap, cloud-based, and easy to use), it's not unreasonable to expect schools to have some lying around.

Starting this fall, students enrolled in Computer Science 50: Introduction to Computer Science (CS50) will be encouraged to use AI to help them debug code, give feedback on their designs, and answer individual questions about error messages and unfamiliar lines of code. PCMag reports: "Our own hope is that, through AI, we can eventually approximate a 1:1 teacher [to] student ratio for every student in CS50, as by providing them with software-based tools that, 24/7, can support their learning at a pace and in a style that works best for them individually," says CS50 professor David J. Malan, as reported by The Harvard Crimson. It's a swift turnaround from the last school year: Harvard did not have an AI policy at the end of the fall 2022 semester.

The new approach will not use ChatGPT or GitHub Copilot, both of which are popular among programmers. Malan says the tools are "currently too helpful." Instead, Harvard has developed its own large language model, a "CS50 bot" that will be "similar in spirit," but will focus on "leading students toward an answer rather than handing it to them," he says. CS50 is also available for non-Harvard students to take on the online platform edX.

The new AI policy will extend to the edX version. "Even if you are not a student at Harvard, you are welcome to "take" this course for free by working your way through the course's eleven weeks of material," says the site. Teachers at other institutions can also license the material for their own courses. "Providing support that's tailored to students' specific questions has long been a challenge at scale via edX and OpenCourseWare more generally, with so many students online, so these features will benefit students both on campus and off," Malan says.

Figma is expanding its partnership with Google for Education in a bid to introduce more school-age students to its product design and collaboration platforms. From a report: Announced during the Config event on Wednesday, June 21st, all K-12 students across the US can now access Figma for free on education Chromebooks. Figma is also expanding its educational partnership with Chromebooks outside of the US, starting with Google schools in Japan. Today's announcement effectively opens up the beta program that Figma released last year, which was initially limited to select US high schools. As with the beta, students will have access to both Figma (the company's flagship product design platform) and FigJam, Figma's collaborative whiteboarding app. Figma's Google program is only available on Chromebooks, though the company said that schools using non-Google systems can apply for access on an individual class basis.

An anonymous reader quotes a report from CNBC: Amazon's warehouse working conditions, which have come under increased scrutiny in recent years, are now at the heart of a congressional probe being led by Sen. Bernie Sanders of Vermont. In a letter (PDF) to Amazon CEO Andy Jassy, Sanders, who chairs the Senate's Health, Education, Labor and Pensions (HELP) Committee, said the e-retailer's "quest for profits at all costs" has caused warehouse employees to experience unsafe working environments without access to adequate medical attention.

"Amazon is well aware of these dangerous conditions, the life-altering consequences for workers injured on the job, and the steps the company could take to reduce the significant risks of injury," wrote Sanders, an independent who caucuses with the Democratic party. "Yet the company has made a calculated decision not to implement adequate worker protections because Jeff Bezos, Amazon's founder, and you, his successor as Chief Executive Officer, have created a corporate culture that treats workers as disposable."

Sanders called on Jassy to turn over more information related to Amazon's injury and turnover rates, as well as data on its on-site medical clinic, called AMCARE, dating back to 2019. He also asked Jassy to say whether Amazon has, internally or through a third party, examined "the connection between the pace of work of its warehouse workers and the prevalence or cost of injuries at its warehouses." Sanders said Jassy has until July 5 to respond to the inquiry. The HELP committee posted a form on its website seeking testimonials from current and former Amazon employees about their experiences at the company. An Amazon spokesperson said the company strongly disagrees with Sanders' claims in the letter. "There will always be ways for our critics to splice data to suit their narrative, but the fact is, we've made progress and our numbers clearly show it," said the spokesperson.

The average test scores for 13-year-old students in the U.S. have decreased in reading and math since 2020, reaching the lowest levels in decades, with more significant declines in math. NPR reports: The average scores, from tests given last fall, declined 4 points in reading and 9 points in math, compared with tests given in the 2019-2020 school year, and are the lowest in decades. The declines in reading were more pronounced for lower performing students, but dropped across all percentiles. The math scores were even more disappointing. On a scale of 500 points, the declines ranged from 6 to 8 points for middle and high performing students, to 12 to 14 points for low performing students.

The math results also showed widening gaps based on gender and race. Scores decreased by 11 points for female students over 2020 results, compared with a 7-point decrease for male students. Among Black students, math scores declined 13 points, while white students had a 6-point drop. Compared with the 35-point gap between Black and white students in 2020, the disparity widened to 42 points.

While the scores show a drop from the pre-pandemic years, the results also show that there are other factors at work. The decline is even more substantial when compared with scores of a decade ago: The average scores declined 7 points in reading and 14 points in mathematics. The Education Department says plans are underway to address the learning loss. [...] The latest results are from the NAEP Long-Term Trend Assessment, traditionally administered every four years by the National Center for Education Statistics.

Long-time Slashdot reader theodp writes: While schools debate what to teach students about powerful new A.I. tools, tech giants, universities and nonprofits are intervening with free lessons," writes the NY Times reports in Hey, Alexa, What Should Students Learn About AI?
Senior Amazon executive Rohit Prasad visited a school in Boston called STEM Academy to observe an Amazon-sponsored AI lesson using Alexa, according to the article, "And he assured the Dearborn students there would soon be millions of new jobs in A.I." "We need to create the talent for the next generation," Mr. Prasad, the head scientist for Alexa, told the class. "So we are educating about A.I. at the earliest, grass-roots level."

A few miles away, Sally Kornbluth, the president of the Massachusetts Institute of Technology, was delivering a more sobering message about A.I. to students from local schools who had gathered at Boston's Kennedy Library complex for a workshop on A.I. risks and regulation. "Because A.I. is such a powerful new technology, in order for it to work well in society, it really needs some rules," Dr. Kornbluth said. "We have to make sure that what it doesn't do is cause harm."

The same-day events — one encouraging work in artificial intelligence and the other cautioning against deploying the technology too hastily — mirrored the larger debate currently raging in the United States over the promise and potential peril of A.I. Both student workshops were organized by an M.I.T. initiative on "responsible A.I." whose donors include Amazon, Google and Microsoft.
The article emphasizes that schools face a big question: Should they teach AI programming and other AI-related skills employers will seek? "Or should students learn to anticipate and mitigate A.I. harms?"

Last week, Amazon agreed to pay $25 million to settle federal charges that it had indefinitely kept children's voice recordings, violating the federal online children's privacy law. The company said it disputed the charges and denied that it had violated the law. The company noted that customers could review and delete their Alexa voice recordings. But the one-hour Amazon-led workshop did not touch on the company's data practices.

An anonymous reader quotes a report from SFGATE: A strange letter showed up on Kay Dean's doorstep. It was 2017, and the San Jose resident had left a one-star review on the Yelp page of a psychiatry office in Los Altos. Then the letter arrived: It seemed the clinic had hired a local lawyer to demand that Dean remove her negative review or face a lawsuit. The envelope included a $50 check. Dean, who once worked as a criminal investigator in the U.S. Department of Education's Office of Inspector General, smelled something fishy. She decided to look into the clinic, part of a small California chain called SavantCare. By the time her work was done, she'd found a higher calling -- and SavantCare's ex-CEO was fighting felony charges.

Since then, Dean, 60, has mounted a yearslong crusade against Yelp and the broader online review ecosystem from a home office in San Jose. Yelp, founded in San Francisco in 2004, is deeply entrenched in American consumer habits, and has burrowed itself into the larger consciousness through partnerships with the likes of Apple Maps. The company's crowdsourced reviews undergird the internet's web of recommendations and can send businesses droves of customers -- or act as an insurmountable black mark. Dean follows fake reviews from their origins in social media groups to when they hit the review sites, methodically documenting hours of research in spreadsheets and little-watched YouTube videos. Targets accuse her of an unreasonable fixation. Yelp claims it aggressively and effectively weeds out fakes. But Dean disagrees, and she's out to convince America that Yelp, Google and other purveyors of reviews cannot be trusted.

"This is an issue that affects millions of consumers, and thousands of honest businesses," she said in her YouTube page's introductory post on April 30, 2020, facing the camera dead-on. "I'm creating these videos to expose this massive fraud against the American public and shine a light on Big Tech's culpability." "I don't do it lightly. If I put a video up, it's serious," she told SFGATE in May. "I'm putting myself out there." Dean is particularly motivated by the types of small businesses that she's found gaming Yelp's recommendation algorithm. She has spotted seemingly paid-for reviews on the pages of lawyers, home contractors, and doctors' offices -- high-ticket companies for which she says she'd "rather have no information than fake information."

Google DeepMind, OpenAI and Anthropic have agreed to open up their AI models to the U.K. government for research and safety purposes, Prime Minister Rishi Sunak announced at London Tech Week on Monday. From a report: The priority access will be granted in order "to help build better evaluations and help us better understand the opportunities and risks of these systems," Sunak said. The announcement came in a speech that championed the promise of AI to transform areas such as education and healthcare and heralded the U.K.'s potential as an "island of innovation."

"AI is surely one of the greatest opportunities before us," said Sunak. By combining AI models with the power of quantum, "the possibilities are extraordinary," he marvelled. "But we must and we will do it safely," he continued. "I know people are concerned."

Along with FaceTime support and a redesigned Control Center, Apple is adding support for VPN apps in tvOS 17. MacRumors reports: VPN apps could allow for Apple TV users to watch geo-restricted content from any location, such as the U.S. version of Netflix in another country. In its tvOS 17 press release, however, Apple focused on how the VPN apps can benefit enterprise and education users, so it is possible that Apple could restrict usage of the apps.

Apple: "Third-party VPN support, which enables developers to create VPN apps for Apple TV. This can benefit enterprise and education users wanting to access content on their private networks, allowing Apple TV to be a great office and conference room solution in even more places."

Long-time Slashdot theodp writes: Writing for the masses in It's the End of Computer Programming as We Know It. (And I Feel Fine.), NY Times opinion columnist Farhad Manjoo explains that while A.I. might not spell the end of programming ("the world will still need people with advanced coding skills"), it could mark the beginning of a new kind of programming — "one that doesn't require us to learn code but instead transforms human-language instructions into software."

"Wasn't coding supposed to be one of the can't-miss careers of the digital age?," Manjoo asks. "In the decades since I puttered around with my [ZX] Spectrum, computer programming grew from a nerdy hobby into a vocational near-imperative, the one skill to acquire to survive technological dislocation, no matter how absurd or callous-sounding the advice. Joe Biden told coal miners: Learn to code! Twitter trolls told laid-off journalists: Learn to code! Tim Cook told French kids: Apprenez à programmer! Programming might still be a worthwhile skill to learn, if only as an intellectual exercise, but it would have been silly to think of it as an endeavor insulated from the very automation it was enabling. Over much of the history of computing, coding has been on a path toward increasing simplicity."

In closing, Manjoo notes that A.I. has alleviated one of his worries (one shared by President Obama). "I've tried to introduce my two kids to programming the way my dad did for me, but both found it a snooze. Their disinterest in coding has been one of my disappointments as a father, not to mention a source of anxiety that they could be out of step with the future. (I live in Silicon Valley, where kids seem to learn to code before they learn to read.) But now I'm a bit less worried. By the time they're looking for careers, coding might be as antiquated as my first PC."

Btw, there are lots of comments — 700+ and counting — on Manjoo's column from programming types and others on whether reports of programming's death are greatly exaggerated.

"The world's most popular online learning course, Harvard University's CS50, is getting a ChatGPT-era makeover," reports Bloomberg: CS50, an introductory course in computer science attended by hundreds of students on-campus and over 40,000 online, plans to use artificial intelligence to grade assignments, teach coding and personalize learning tips, according to its Professor David J. Malan... Even with more than 100 real-life teaching assistants, he said it had become difficult to fully engage with the growing number of students logging in from different time zones and with varying levels of knowledge and experience. "Providing support tailored to students' specific questions has been a challenge at scale, with so many more students online than teachers," said Mr Malan, 46.

His team is now fine-tuning an AI system to mark students' work, and testing a virtual teaching assistant to evaluate and provide feedback on students' programming. The virtual teaching assistant asks rhetorical questions and offers suggestions to help students learn, rather than simply catching errors and fixing coding bugs, he said. Longer term, he expects this to give human teaching assistants more time for in-person or Zoom-based office hours...

Mr Malan said CS50's use of AI could highlight its benefits for education, particularly in improving the quality and access of online learning — an industry that Grand View Research forecasts to grow to $348 billion by 2030, nearly tripling from 2022. "Potentially, AI is just hugely enabling in education," he said.

theodp writes: Golf reports that amateur golf legend Rose Zhang will compete for the first time as a professional when she tees off in the first round of the Mizuho Americas Open Thursday. Golf news is rarely fodder for Slashdot discussion, but when the 20-year-old Stanford student (who plans to complete her degree after a leave of absence) was asked by Golf to identify her toughest class, she threw CS under the bus.

"CS 106A," Zhang replied, referring to a computer science course. "Currently and still trying to grind in that class. It's been a little unfortunate for me. I'm not a CS major. Will never code again after this class." Back in April, Zhang expressed some doubts about being able to juggle the demands of an already-renowned golf career and CS 106A. "I'll be super, super busy," Zhang said in an interview. "I'm planning on taking CS 106A. I don't know if it's a smart decision but it's kind of an essential intro CS class into Stanford so I'm going to try to navigate that, balance that out."

The Stanford Daily reports that CS 106A: Programming Methodology is an introductory programming course taken by 1,600+ students from all academic disciplines each year (2015 Slashdot post on CS 106A's growing pains). According to the syllabus, CS 106A "uses the Python programming language" and there's "no prior programming experience required," although the schedule indicates a lot of ground is covered for someone new to coding (the same could be said of Harvard's famed CS50).

Lest some take Zhang to task for the sin of stating programming is hard, consider that Stanford's CS 106A website suggests the same, reporting that the median score on the midterm exam was only 68%, despite a plethora of review materials and sessions. CS 106A students were offered the chance to submit formal 'regrade requests' to try to improve their midterm scores and can also vie for "a Jamba Juice gift card and 100% on the final exam" by entering a Python programming contest -- one prize will be awarded for "Aesthetic merit", another for "Algorithmic sophistication" (a number of runners-up will be awarded "a grade boost similar to getting a + on one of their assignments").

In India, children under 16 returning to school this month at the start of the school year will no longer be taught about evolution, the periodic table of elements, or sources of energy. Nature: The news that evolution would be cut from the curriculum for students aged 15-16 was widely reported last month, when thousands of people signed a petition in protest. But official guidance has revealed that a chapter on the periodic table will be cut, too, along with other foundational topics such as sources of energy and environmental sustainability.

Younger learners will no longer be taught certain pollution- and climate-related topics, and there are cuts to biology, chemistry, geography, mathematics and physics subjects for older school students. Overall, the changes affect some 134 million 11-18-year-olds in India's schools. The extent of what has changed became clearer last month when the National Council of Educational Research and Training (NCERT) -- the public body that develops the Indian school curriculum and textbooks -- released textbooks for the new academic year that started in May.

Researchers, including those who study science education, are shocked. "Anybody who's trying to teach biology without dealing with evolution is not teaching biology as we currently understand it," says Jonathan Osborne, a science-education researcher at Stanford University in California. "It's that fundamental to biology." The periodic table explains how life's building blocks combine to generate substances with vastly different properties, he adds, and "is one of the great intellectual achievements of chemists."

Longtime Slashdot reader theodp writes: House Speaker Kevin McCarthy (R-CA) said on Sunday that the student loan payment pause is "gone" in the debt ceiling deal announced by the California Republican and President Biden late Saturday night. "The pause is gone within 60 days of this being signed. So that is another victory because that brings in $5 billion each month to the American public," McCarthy told Fox News on Sunday. McCarthy's remarks came after he and Biden came to an agreement in principle late Saturday to cap spending and raise the debt ceiling.

"What the president did, he went unconstitutionally and said he was going to waive certain people part of their debt for student loan, but then he paused everybody's student loan. So everybody who borrowed a student loan within 60 days of the signing is going to have to pay that back," McCarthy added. "The Supreme Court is taking up that case. But if the Supreme Court came back and said that was unconstitutional, the president could still say he's pausing, not waiving it. But now that this is in law, the Supreme Court decision will have to be upheld, that they would have to pay."

Earlier this month, the NY Times warned students and their families to "Expect Interest Rates on Federal Student Loans to Rise" to as high as 8.05% for new PLUS loans this fall. That news came as Apple, just days after a recent $90 billion share buyback, filed a prospectus with the SEC for a new $5 billion bond program with longer-term bonds expected to have a coupon rate of approximately 5%. The imbalance between loan rates for students and Apple shareholders was actually far more pronounced before the Fed fund rate hikes started last year in response to inflation. During the pandemic, Apple -- which reported around $166.3 billion in cash and investments on its balance sheet as of March 31 -- held a bond sale worth $14 billion for stock buybacks and dividends to benefit from borrowing rates as low as 0.70%. Direct PLUS student loan rates at that time were down to 5.30% for new loans but as high as 8.5% for existing loans (the U.S. Dept. of Education does not offer refinancing of its up-to-30-year fixed rate loans in times of much lower interest rates). Unlike the tax-deductible interest Apple pays, annual deductions on student loan interest are capped by the IRS at $2,500 (or lower, depending on the borrower's income).

Despite presumably benefiting from stock buybacks and dividends facilitated by Apple's low-interest bonds -- some of which carry rates as much as 90%+ lower than certain federal student loans -- some of the Senators identified as Apple shareholders by NBCLX are vehemently opposed to the idea of student loan relief for high interest-paying borrowers. Senator Shelley Capito (R-WV) opposes the program as "not fair", Senator Pat Toomey (R-PA) called it "grossly unfair", and other Apple-shareholder Senators joined (PDF) colleagues in a Supreme Court filing calling student loan relief "unnecessary".

The White House said on Tuesday it would ask workers how their employers use artificial intelligence (AI) to monitor them, as it allocates federal investments in the technology, which is expected to change the nature of work. From a report: The White House will hold a listening session with workers to understand their experience with employers' use of automated technologies for surveillance, monitoring and evaluation. The call will include gig work experts, researchers, and policymakers. Millions of users have tried AI apps and tools, which supporters say can make medical diagnoses, write screenplays, create legal briefs and debug software, leading to growing concern about how the technology could lead to privacy violations, skew employment decisions, and power scams and misinformation campaigns. As part of its evaluation of the technology, the administration will also announce new steps, including an updated roadmap for federal investments in AI research, a request for public input on AI risks and with a new report from the Department of Education on how AI affects teaching, learning and research.