An anonymous reader quotes a report from Wired: When Canadian developer Peter Todd found out that a new HBO documentary, Money Electric: The Bitcoin Mystery, was set to identify him as Satoshi Nakamoto, the creator of Bitcoin, he was mostly just pissed. "This was clearly going to be a circus," Todd told WIRED in an email. The identity of the person -- or people -- who created Bitcoin has been the subject of speculation since December 2010, when they disappeared from public view. The mystery has proved all the more irresistible for the trove of bitcoin Satoshi is widely believed to have controlled, suspected to be worth many billions of dollars today. When the documentary was released on October 8, Todd joined a long line of alleged Satoshis.

Documentary maker Cullen Hoback, who in a previous film claimed to have identified the individual behind QAnon, laid out his theory to Todd on camera. The confrontation would become the climactic scene of the documentary. But Todd nonetheless claims he didn't see it coming; he alleges he was left with the impression the film was about the history of Bitcoin, not the identity of its creator. Since the documentary aired, Todd has repeatedly and categorically denied that he created Bitcoin: "For the record, I am not Satoshi," he alleges. "I think Cullen made the Satoshi accusation for marketing. He needed a way to get attention for his film."

For his part, Hoback remains confident in his conclusions. The various denials and deflections from Todd, he claims, are part of a grand and layered misdirection. "While of course we can't outright say he is Satoshi, I think that we make a very strong case," says Hoback. Whatever the truth, Todd will now bear the burden of having been unmasked as Satoshi. He has gone into hiding. [...] Todd expects that "continued harassment by crazy people" will become the indefinite status quo. But he says the potential personal safety implications are his chief concern -- and the reason he has gone into hiding. "Obviously, falsely claiming that ordinary people of ordinary wealth are extraordinarily rich exposes them to threats like robbery and kidnapping," says Todd. "Not only is the question dumb, it's dangerous. Satoshi obviously didn't want to be found, for good reasons, and no one should help people trying to find Satoshi." "I think the idea that it puts their life [at risk] is a little overblown," says Hoback. "This person is potentially on track to become the wealthiest on Earth."

"If countries are considering adopting this in their treasuries or making it legal tender, the idea that there's potentially this anonymous figure out there who controls one twentieth of the total supply of digital gold is pretty important."

A federal rule banning fake online reviews is now in effect. The Federal Trade Commission issued the rule in August banning the sale or purchase of online reviews. The rule, which went into effect Monday, allows the agency to seek civil penalties against those who knowingly violate it. AP: "Fake reviews not only waste people's time and money, but also pollute the marketplace and divert business away from honest competitors," FTC Chair Lina Khan said about the rule in August. She added that the rule will "protect Americans from getting cheated, put businesses that unlawfully game the system on notice, and promote markets that are fair, honest, and competitive."

An anonymous reader quotes a report from Ars Technica: 37Signals is not a company that makes its policy or management decisions quietly. The productivity software company was an avowedly Mac-centric shop until Apple's move to kill home screen web apps (or Progressive Web Apps, or PWAs) led the firm and its very-public-facing co-founder, David Heinemeier Hansson, to declare a "Return to Windows," followed by a stew of Windows/Mac/Linux. The company waged a public battle with Apple over its App Store subscription policies, and the resulting outcry helped nudge Apple a bit. 37Signals has maintained an active blog for years, its co-founders and employees have written numerous business advice books, and its blog and social media posts regularly hit the front pages of Hacker News.

So when 37Signals decided to pull its seven cloud-based apps off Amazon Web Services in the fall of 2022, it didn't do so quietly or without details. Back then, Hansson described his firm as paying "an at times almost absurd premium" for defense against "wild swings or towering peaks in usage." In early 2023, Hansson wrote that 37Signals expected to save $7 million over five years by buying more than $600,000 worth of Dell server gear and hosting its own apps.

Late last week, Hansson had an update: it's more like $10 million (and, he told the BBC, more like $800,000 in gear). By squeezing more hardware into existing racks and power allowances, estimating seven years' life for that hardware, and eventually transferring its 10 petabytes of S3 storage into a dual-DC Pure Storage flash array, 37Signals expects to save money, run faster, and have more storage available. "The motto of the 2010s and early 2020s -- all-cloud, everything, all the time -- seems to finally have peaked," Hansson writes. "And thank heavens for that!" He adds the caveat that companies with "enormous fluctuations in load," and those in early or uncertain stages, still have a place in the cloud.

Intel and Boeing, once exemplars of American manufacturing prowess, now face existential crises. Their market values have plummeted, jeopardizing not just shareholder wealth but national security. The U.S. is losing its edge in manufacturing high-tech products, crucial in its geopolitical contest with China, a story on WSJ argues.

Unlike past manufacturing declines, Intel and Boeing's woes stem from internal missteps, prioritizing financial performance over engineering excellence. Their potential demise threatens America's semiconductor and commercial aircraft industries, with far-reaching consequences for the nation's technological ecosystem. While government intervention is controversial, national security concerns may necessitate support. WSJ adds: So, much as national leaders would like to ignore these companies' woes, they can't. National security dictates the U.S. maintain some know-how in making aircraft and semiconductors.

Certainly other countries feel that way: European governments heavily subsidized Airbus. China is pursuing dominance in key technologies regardless of the cost. Its so-called Big Fund has sunk roughly $100 billion into semiconductors while aid to Comac had reached $72 billion in 2020, according to the Center for Strategic and International Studies.

"Until Comac succeeds in gaining significant global market share, it will continue to run big losses and be bailed out by the Chinese government," said Atkinson, whose organization gets support from Boeing.

Both political parties have bought into the idea that manufacturing is special and thus deserving of public support. That raises the question: which manufacturing, and what kind of support?

The goal of manufacturing strategy shouldn't be just producing jobs but great, world-beating products. [...]

Though Sam Altman once called OpenAI's partnership with Microsoft "the best bromance in tech," now "ties between the companies have started to fray" reports the New York Times — citing interviews with 19 people "familiar with the relationship". [Alternate URL here.]

Among other things, Satya Nadella "has said privately that Altman's firing in November shocked and concerned him, according to five people with knowledge of his comments. Since then, Microsoft has started to hedge its bet on OpenAI," and reconsidered new investments beyond its initial $13 billion — even as OpenAI expects to lose $5 billion this year That tension demonstrates a key challenge for AI startups: They are dependent on the world's tech giants for money and computing power because those big companies control the massive cloud computing systems the small outfits need to develop AI... Over the past year, OpenAI has been trying to renegotiate the deal to help it secure more computing power and reduce crushing expenses while Microsoft executives have grown concerned that their AI work is too dependent on OpenAI... [I]n March, Microsoft paid at least $650 million to hire most of the staff from Inflection, an OpenAI competitor...

In June, Microsoft agreed to an exception in [OpenAI's] contract, six people with knowledge of the change said. That allowed OpenAI to sign a roughly $10 billion computing deal with Oracle for additional computing resources, according to two people familiar with the deal. Oracle is providing computers packed with chips suited to building AI, while Microsoft provides the software that drives the hardware... While it was looking for computer power alternatives, OpenAI also raced to broaden its investors, according to two people familiar with the company's plan. Part of the plan was to secure strategic investments from organizations that could bolster OpenAI's prospects in ways beyond throwing around money. Those organizations included Apple, chipmaker Nvidia, and MGX, a tech investment firm controlled by the United Arab Emirates... Earlier this month, OpenAI closed a $6.6 billion funding round led by Thrive Capital, with additional participation from Nvidia, MGX and others. Apple did not invest, but Microsoft also participated in the funding round.

OpenAI expected to spend at least $5.4 billion in computing costs through the end of 2024, according to documents reviewed by The New York Times. That amount was expected to skyrocket over the next five years as OpenAI expanded, soaring to an estimated $37.5 billion in annual computing costs by 2029, the documents showed... Still, OpenAI employees complain that Microsoft is not providing enough computing power, according to three people familiar with the relationship. And some have complained that if another company beat it to the creation of AI that matches the human brain, Microsoft will be to blame because it hasn't given OpenAI the computing power it needs, according to two people familiar with the complaints.

Oddly, that could be the key to getting out from under its contract with Microsoft. The contract contains a clause that says that if OpenAI builds artificial general intelligence, or AGI — roughly speaking, a machine that matches the power of the human brain — Microsoft loses access to OpenAI's technologies.

"Several of Europe's biggest carmakers unveiled low-cost electric vehicles at the Paris Motor Show this week," reports CNBC. The automakers are "seeking to jump-start a demand slump and recapture some of the market share now held by Chinese brands." "It feels like Europe is fighting back," Julia Poliscanova, senior director for vehicles and e-mobility supply chains at the Transport & Environment campaign group, told CNBC at the Paris Motor Show. "There are so many new models on show, and what is really great is that there are a lot of launches that are more affordable. So, Citroen, Peugeot [and] Renault, they are all showing some smaller affordable models," Poliscanova said. "This is exactly what we need for the mass market, for people to buy those vehicles more, and this is also where the competition from the Chinese is also the hardest," she added...

"The storytelling is that people have cooled off on EVs and there is no consumer demand, [but] this is really not true," Transport & Environment's Poliscanova said. "This year in Europe, we did not have affordable models, so people are not buying those overpriced premium vehicles. However, as soon as vehicles come in the right price range next year ... people will flock to buy them." Poliscanova said the launch of several low-cost EVs means electric car sales could account for up to a 24% market share next year, up from 14% this year. Chinese-made EVs typically cost less than half the prices seen in Europe and the U.S. last year, according to figures published by data firm JATO, underscoring the challenge for Western automakers to keep pace with Beijing...

Pere Brugal, president and managing director of GM Europe, said that the challenges facing Europe's auto industry should be seen as a transitional phase — and not evidence of a crisis. "The adoption of new technologies and new behaviors is never a linear growth story, but the end is full-electric [vehicles]," Brugal told CNBC at the Paris Motor Show.
Meanwhile, GM's CEO "says it will start making money on battery-powered models by the end of the year — becoming the only U.S. automaker aside from Tesla to achieve that feat," reports the New York Times (adding that sales are increasing "and the company just introduced a model that sells for less than $30,000 after a federal tax credit.")

And GM "is still committed to doing away with combustion engine cars in the United States by 2035."

"A technology pioneered by Benjamin Franklin is being revived to build more efficient electric motors," reports the Wall Street Journal, "an effort in its nascent stage that has the potential to be massive." A handful of scientists and engineers — armed with materials and techniques unimaginable in the 1700s — are creating modern versions of Franklin's "electrostatic motor," that are on the cusp of commercialization... Franklin's "electrostatic motor" uses alternating positive and negative charges — the same kind that make your socks stick together after they come out of the dryer — to spin an axle, and doesn't rely on a flow of current like conventional electric motors. Every few years, an eager Ph.D. student or engineer rediscovers this historical curiosity. But other than applications in tiny pumps and actuators etched on microchips, where this technology has been in use for decades, their work hasn't made it out of the lab.

Electrostatic motors have several potentially huge advantages over regular motors. They are up to 80% more efficient than conventional motors after all the dependencies of regular electric motors are added in. They could also allow new kinds of control and precision in robots, where they could function more like our muscles. And they don't use rare-earth elements because they don't have permanent magnets, and require as little as 5% as much copper as a conventional motor. Both materials have become increasingly scarce and expensive over the past decade, and supply chains for them are dominated by China.
"It's reminiscent of the early 1990s, when Sony began to produce and sell the first rechargeable lithium-ion batteries, a breakthrough that's now ubiquitous..." according to the article. "These motors could lead to more efficient air-conditioning systems, factories, logistics hubs and data centers, and — since they can double as generators — better ways of generating renewable energy. They might even show up in tiny surveillance drones."

And the article points out that C-Motive Technologies, a 16-person startup in Wisconsin, is already "reaching out to companies, hoping to get their motors out into the real world." ("So far, FedEx and Rockwell Automation, the century-old supplier of automation to factories, are among those testing their motors.") C-Motive's founders discovered that a number of technologies had matured enough that, when combined, could yield electrostatic motors competitive with conventional ones. These enabling technologies include super fast-switching power electronics — like those in modern electric vehicles — that can toggle elements of the motor between states of positive and negative charge very quickly... Dogged exploration of combinations of various readily available industrial organic fluids led to a proprietary mix that can both multiply the strength of the electric field and insulate the motor's spinning parts from each other — all without adding too much friction — says C-Motive Chief Executive Matt Maroon.

It connects people, data, and money, Bill Gates wrote this week on his personal blog. But digital public infrastructure is also "revolutionizing the way entire nations serve their people, respond to crises, and grow their economies" — and the Gates Foundation sees it "as an important part of our efforts to help save lives and fight poverty in poor countries." Digital public infrastructure [or "DPI"]: digital ID systems that securely prove who you are, payment systems that move money instantly and cheaply, and data exchange platforms that allow different services to work together seamlessly... [W]ith the right investments, countries can use DPI to bypass outdated and inefficient systems, immediately adopt cutting-edge digital solutions, and leapfrog traditional development trajectories — potentially accelerating their progress by more than a decade. Countries without extensive branch banking can move straight to mobile banking, reaching far more people at a fraction of the cost. Similarly, digital ID systems can provide legal identity to millions who previously lacked official documentation, giving them access to a wide range of services — from buying a SIM card to opening a bank account to receiving social benefits like pensions.

I've heard concerns about DPI — here's how I think about them. Many people worry digital systems are a tool for government surveillance. But properly designed DPI includes safeguards against misuse and even enhances privacy... These systems also reduce the need for physical document copies that can be lost or stolen, and even create audit trails that make it easier to detect and prevent unauthorized access. The goal is to empower people, not restrict them. Then there's the fear that DPI will disenfranchise vulnerable populations like rural communities, the elderly, or those with limited digital literacy. But when it's properly designed and thoughtfully implemented, DPI actually increases inclusion — like in India, where millions of previously unbanked people now have access to financial services, and where biometric exceptions or assisted enrollment exist for people with physical disabilities or no fixed address.

Meanwhile, countries can use open-source tools — like MOSIP for digital identity and Mojaloop for payments — to build DPI that fosters competition and promotes innovation locally. By providing a common digital framework, they allow smaller companies and start-ups to build services without requiring them to create the underlying systems from scratch. Even more important, they empower countries to seek out services that address their own unique needs and challenges without forcing them to rely on proprietary systems.
"Digital public infrastructure is key to making progress on many of the issues we work on at the Gates Foundation," Bill writes, "including protecting children from preventable diseases, strengthening healthcare systems, improving the lives and livelihoods of farmers, and empowering women to control their financial futures.

"That's why we're so committed to DPI — and why we've committed $200 million over five years to supporting DPI initiatives around the world... The future is digital. Let's make sure it's a future that benefits everyone."

The Miami Herald reports: Cuba's electrical grid shut down again early Saturday, leaving the island without electricity after authorities tried but failed to restore power following an earlier nationwide blackout on Friday. The island's Electric Union reported a second "total outage" at 6:15 a.m., just hours after officials reported they had restored power in a few "microsystems" all over the island... The country has been going through its worst economic crisis since the fall of the Soviet Union, and the government lacks money to buy oil in the international market to meet domestic demand.

Cubans irked by the daily blackouts defied the country's Draconian laws punishing criticism of the government and left several comments in official news outlets calling for government officials to resign. The second outage will likely exacerbate public frustration as food begins to spoil because of the lack of refrigeration.
Two hours ago, Reuters reported that Cuba's government "said on Saturday it had made some progress in gradually re-establishing electrical service across the island, including to hospitals and parts of the capital Havana..."

"Most of Cuba's 10 million people, however, remained without electricity on Saturday afternoon." Traffic lights were dark at intersections throughout Havana, and most commerce was halted...

Cuban officials have said even if the immediate grid collapse is resolved, the electricity crisis will continue. Cuba produces little of its own crude oil, and fuel deliveries to the island have dropped significantly this year, as Venezuela, Russia and Mexico, once important suppliers, have reduced their exports to Cuba.
Mexico experienced a historic drop in production, according to the New York Times, while Venezuela is selling its oil to foreign companies to ease its own economic crisis: The experts had warned for years: Cuba's power grid was on the verge of collapse, relying on plants nearly a half-century old and importing fuel that the cash strapped Communist government could barely afford... Cuban economists and foreign analysts blamed the crisis on several factors: the government's failure to tackle the island's aging infrastructure; the decline in fuel supplies from Venezuela, Mexico and Russia; and a lack of capital investment in badly needed renewable systems, such as wind and solar.

Jorge Piñon, a Cuban-born energy expert at the University of Texas at Austin, highlighted that Cuba's electricity grid relies on eight very large power plants that are close to 50 years old. "They have not received any operational maintenance much less capital maintenance in the last 12 to 15 years," he said, adding that they have a lifetime of only 25-30 years. "So, number one, it's a structural problem, they are breaking down all the time and that has a domino effect," he said. Compounding the problems, Cuba burns crude oil as a fuel for its plants. Experts said Cuba's own crude oil production is very heavy in sulfur and metals that can impair the thermoelectric combustion process. "So they have to be constantly repairing them, and they're repairing them with Band-Aids," said Mr. Piñon...

"If they can't turn these plants back on there is a concern that this could turn into another mass exodus," said Ricardo Herrero, the director of the Cuba Study Group in Washington. "They are really short on options," he added.

"The foundation behind the Gnome desktop environment is having to go through some serious belt-tightening..." writes Linux Magazine.

From an October 7th announcement by The Gnome Foundation: Our plan for the previous financial year was to operate a break-even budget. We raised less than expected last year, due to a very challenging fundraising environment for nonprofits, on top of internal changes such as the departure of our previous Executive Director, Holly Million. The Foundation has a reserves policy which requires us to keep a certain amount of money in the bank account, to preserve core operations in the event of interruptions to our income. In order to meet our reserves policy, this year's budget had to reduce our expenditure to below expected income, and generate a small surplus to reinstate the Foundation's financial reserves to the necessary level...

We're asking for your support in several ways:

- Look out for opportunities to volunteer your time and skills in areas where we've had to reduce staff involvement.

- Share ideas on how to organize and improve our activities in this new context.

- Consider making donations to support the GNOME Foundation's core priorities, if you're able...

Through these difficult decisions, the GNOME Foundation is able to meet its reserves policy, ensuring sufficient funds for the coming year. Our budget for the new financial year is realistic and supports four full time staff, who are able to support key operations like finance, infrastructure and events. We are additionally contracting a number of other individuals on a short term or part time basis, to help with fund raising, websites and delivering on our project commitments.

We are going to be looking to the GNOME community to help with the areas that are most affected by our reduced staffing. If you would like to help GNOME with its events, marketing, or fundraising, we would love to hear from you.
In their new budget, "expenses have been greatly reduced," according to an October 10 update: We are also very relieved to be able to provide a surplus budget for the first time in many years, and doing so while still being able to support the community: events, infrastructure, internships, travel funding, and meeting our commitment to donors for work done in some parts of the stack, e.g.: Flathub, parental controls and GNOME Software.

Longtime Slashdot reader schwit1 shares an op-ed written by Michael R. Bloomberg, founder and majority owner of Bloomberg LP, the parent company of Bloomberg News, UN Special Envoy on Climate Ambition and Solutions, and chair of the Defense Innovation Board: There are government boondoggles, and then there's NASA's Artemis program. More than a half century after Neil Armstrong's giant leap for mankind, Artemis was intended to land astronauts back on the moon. It has so far spent nearly $100 billion without anyone getting off the ground, yet its complexity and outrageous waste are still spiraling upward. The next US president should rethink the program in its entirety. As someone who greatly respects science and strongly supports space exploration, the more I have learned about Artemis, the more it has become apparent that it is a colossal waste of taxpayer money. [...]

A celestial irony is that none of this is necessary. A reusable SpaceX Starship will very likely be able to carry cargo and robots directly to the moon -- no SLS, Orion, Gateway, Block 1B or ML-2 required -- at a small fraction of the cost. Its successful landing of the Starship booster was a breakthrough that demonstrated how far beyond NASA it is moving. Meanwhile, NASA is canceling or postponing promising scientific programs -- including the Veritas mission to Venus; the Viper lunar rover; and the NEO Surveyor telescope, intended to scan the solar system for hazardous asteroids -- as Artemis consumes ever more of its budget. Taxpayers and Congress should be asking: What on Earth are we doing? And the next president should be held accountable for answers.

Netflix has begun raising prices in several countries, including Japan, parts of Europe, and Africa, as it seeks to sustain growth following its crackdown on password sharing. While its recent financial results show strong revenue growth, the company faces challenges in finding new subscribers and aims to boost future growth through advertising and fresh content. The BBC reports: In its latest results, Netflix announced that it had added 5.1 million subscribers between July and September - ahead of forecasts but the smallest gain in more than a year. The company is under pressure to show investors what will power growth in the years ahead, as its already massive reach makes finding new subscribers more difficult. The last time Netflix saw signs of slowdown, in 2022, it launched measures to stop password sharing and said it would offer a new streaming option with advertisements.

The crackdown unleashed a new wave of growth. The firm has added more than 45 million new members since last year and has 282 million subscribers globally. Analysts also expect advertisements to eventually become big business for Netflix. For now, however, Netflix has said it remains "early days" and warned it did not expect it to start driving growth until next year, despite many subscribers opting for the ad-supported plan. The plan, which is the company's least expensive option, accounted for 50% of new sign-ups in the places where it is offered in the most recent quarter, Netflix said. Even without a boost from advertising, Netflix said revenue in the July-September period was up 15% compared with the same period last year, to more than $9.8 billion. Profit also rose from $1.6 billion in the same period last year to $2.3 billion.

An anonymous reader shares a report: Byju Raveendran, the founder of the embattled edtech group Byju's, acknowledged on Thursday afternoon that he made mistakes, mistimed the market, overestimated growth potential and that his startup, once valued at $22 billion, is now effectively worth "zero."

Speaking to a group of journalists, Raveendran said the company's aggressive acquisition of more than two dozen startups to expand into new markets proved fatal when financing dried up in 2022. Byju's was planning to go public in early 2022 with several investment bankers giving the firm valuation as high as $50 billion, TechCrunch reported earlier.

He alleged that many of his more than 100 investors had urged him to pursue aggressive expansion into as many as 40 markets. But, he added, those very investors got cold feet when global markets tumbled following Russia's invasion of Ukraine, sending the venture capital market into a downward spiral.

An anonymous reader quotes a report from MacRumors: Apple today reminded developers that the EU trader requirement in the European Union is now being enforced. Developers who distribute apps in the EU will now need to share information that includes address, phone number, and email address on the EU App Store. Submitting updates for apps on the App Store in the European Union now requires trader information that's added via App Store Connect, with those details shared on each developer's App Store page. App updates can no longer be submitted without trader information, and starting on February 17, 2025, apps that do not have a trader status set will be removed from the App Store in the EU until trader status is provided and verified.

The Digital Services Act (DSA) in the European Union requires Apple to verify and display trader contact information for all "traders" who are distributing apps on the App Store in the European Union. Developers who make money from the App Store through either an upfront purchase price or through in-app purchases are considered traders, regardless of size. Contact information for each developer that is considered a trader will be publicly available, and there will undoubtedly be some developers that are unhappy with the requirement. Independent developers and small companies may not have dedicated business addresses and phone numbers to provide, and will likely be reluctant to provide their personal contact information. You can learn more about the requirements on Apple's website.

An anonymous reader quotes a report from Reuters: Robinhood launched its long-awaited desktop platform and added futures and index options trading features to its mobile app on Wednesday, as the fintech firm aims to take market share from traditional brokerages. The 11-year-old commission-free trading app, which became synonymous with mom-and-pop investors in 2021, is now seeking to mature into a full-fledged financial services provider and compete with established brokerages that serve institutional investors. The Menlo Park, California-based company said its desktop trading platform, dubbed "Robinhood Legend," will focus on active traders.

The platform, available at no additional cost, will offer advanced trading tools, real-time data, as well as custom and preset layouts. Meanwhile, the app will allow users to trade futures on the benchmark S&P 500 index, oil and bitcoin, among others. Customers can also trade index options. [...] Subscribers to Robinhood's premium Gold tier will be able to trade futures for as low as 50 cents per contract, while non-Gold users will need to pay a commission of 75 cents. You can tune in to the company's live product announcement on YouTube.

Apple's $3,499 Vision Pro is struggling to attract major software-makers to develop apps for the device, a challenge that threatens to slow the progress of the company's biggest new product in a decade. WSJ: New apps released on the Vision Pro every month have slowed since its launch in January. Some of the most successful virtual-reality software developers have so far opted not to build apps for the headset. Without enough killer apps, certain users have found the device less useful and are opting to sell it. "It's a chicken-or-egg problem," said Bertrand Nepveu, who previously worked on the Vision Pro at Apple and is now an investor in this area at Triptyq Capital.

Nepveu and app developers think Apple should fund app makers to give them an incentive to port over their existing apps from other headsets or to develop fresh content. This practice has become common in the industry, with headset leader Meta Platforms funding many developers and even buying several app makers. The social-media company is a formidable competitor to Apple, with a market share of all headsets reaching 74% in the second quarter this year, according to Counterpoint Research.

An anonymous reader shares a report: The big financial moments in life used to be marked with a flourish of a pen. Buying a house. A car. Breakfast. Not anymore. Visa, Mastercard, Discover and American Express dropped the requirement to sign for charges like restaurant checks in 2018. They don't look at our scribbles to verify identity or stop fraud. Taps, clicks and electronic signatures took over the heavy lifting for many everyday purchases -- and many contracts, loan applications and even Social Security forms. The John Hancock was written off as a relic useful mainly to inflate the value of sports memorabilia. But signatures didn't die.

We continue to be asked to sign with ink on paper or using fingers on touch screens at many restaurants, bars and other businesses. And people keep signing card receipts out of habit -- even when there is no blank space for it -- because it feels weird not to, payment networks and retail groups say. "Traditions have this odd way of sticking around," said Doug Kantor, general counsel of the National Association of Convenience Stores. Signatures had been used to verify identity and agree to financial terms for centuries. Banks kept records of customer signatures to check against, but the sheer number of transactions and advancements in technology eventually made that impractical.

By the 1980s, charges could be processed electronically. Signatures were still used in cases of fraud or stolen cards. Banks could call merchants and ask them to present a signed receipt. Yet given how easy signatures are to forge, they proved limited as a fraud prevention tool. Now there are more sophisticated ways to determine whether cards are stolen or misused, according to Mark Nelsen, global head of consumer payments at Visa.

Digital River has not paid numerous merchants since midsummer for software and digital products they sold through its MyCommerce platform. The Register: "After over 20 years of partnership with Digital River, Traction Software Ltd has been left feeling as though we've been 'rug pulled,'" Lee Midgley, managing director of Traction Software, told The Register. "For the past three months, we've experienced a complete halt in software sales revenue payments with no support, no direct contact, and only additional terms and conditions designed to delay resolution and extract more money from us.

"Astonishingly, Digital River continued to take sales from our loyal customers until we removed them from the order system. It now appears they have no intention of making payments and may be entering a liquidation process under a new CEO who has been involved in similar situations before."

The new CEO, Barry Kasoff, was first noted on the e-commerce biz website in August. Kasoff is also listed as the president of Realization Services, "a full-service strategic consulting firm specializing in turnaround management and value enhancement..." The privately-owned, Minnesota-based business appears to have laid off a significant number of employees, presumably the result of what its UK subsidiary describes as cost reduction initiatives implemented in late 2022.

Meta senior research Yann LeCun (also a professor at New York University) told the Wall Street Journal that worries about AI threatening humanity are "complete B.S." When a departing OpenAI researcher in May talked up the need to learn how to control ultra-intelligent AI, LeCun pounced. "It seems to me that before 'urgently figuring out how to control AI systems much smarter than us' we need to have the beginning of a hint of a design for a system smarter than a house cat," he replied on X. He likes the cat metaphor. Felines, after all, have a mental model of the physical world, persistent memory, some reasoning ability and a capacity for planning, he says. None of these qualities are present in today's "frontier" AIs, including those made by Meta itself.
LeCun shared a Turing Award with Geoffrey Hinton and Hoshua Bengio (who hopes LeCun is right, but adds "I don't think we should leave it to the competition between companies and the profit motive alone to protect the public and democracy. That is why I think we need governments involved.")

But LeCun still believes AI is a very powerful tool — even as Meta joins the quest for artificial general intelligence: Throughout our interview, he cites many examples of how AI has become enormously important at Meta, and has driven its scale and revenue to the point that it's now valued at around $1.5 trillion. AI is integral to everything from real-time translation to content moderation at Meta, which in addition to its Fundamental AI Research team, known as FAIR, has a product-focused AI group called GenAI that is pursuing ever-better versions of its large language models. "The impact on Meta has been really enormous," he says.

At the same time, he is convinced that today's AIs aren't, in any meaningful sense, intelligent — and that many others in the field, especially at AI startups, are ready to extrapolate its recent development in ways that he finds ridiculous... OpenAI's Sam Altman last month said we could have Artificial General Intelligence within "a few thousand days...." But creating an AI this capable could easily take decades, [LeCun] says — and today's dominant approach won't get us there.... His bet is that research on AIs that work in a fundamentally different way will set us on a path to human-level intelligence. These hypothetical future AIs could take many forms, but work being done at FAIR to digest video from the real world is among the projects that currently excite LeCun. The idea is to create models that learn in a way that's analogous to how a baby animal does, by building a world model from the visual information it takes in.
In contrast, today's AI models "are really just predicting the next word in a text, he says... And because of their enormous memory capacity, they can seem to be reasoning, when in fact they're merely regurgitating information they've already been trained on."

America's electric vehicle subsidies brought a 2-to-1 return on investment, according to a paper by the National Bureau of Economic Research. "That includes environmental benefits, but mostly reflects a shift of profits to the United States," reports the New York Times. "Before the climate law, tax credits were mainly used to buy foreign-made cars." "What the [subsidy legislation] did was swing the pendulum the other way, and heavily subsidized American carmakers," said Felix Tintelnot, an associate professor of economics at Duke University who was a co-author of the paper. Those benefits were undermined, however, by a loophole allowing dealers to apply the subsidy to leases of foreign-made electric vehicles. The provision sends profits to non-American companies, and since those foreign-made vehicles are on average heavier and less efficient, they impose more environmental and road-safety costs. Also, the researchers estimated that for every additional electric vehicle the new tax credits put on the road, about three other electric vehicle buyers would have made the purchases even without a $7,500 credit. That dilutes the effectiveness of the subsidies, which are forecast to cost as much as $390 billion through 2031.
The chief economist at Cox Automotive (which provided some of the data) tells the Times that "we could do better", but adds that the subsidies were "worth the money invested". But of course, that depends partly on how benefits were calculated: [U]ing the Environmental Protection Agency's "social cost of carbon" metric, they calculated the dollar cost of each model's lifetime carbon emissions from both manufacturing and driving. On average, emissions by gas-powered vehicles impose 57% greater costs than electric vehicles. The study then calculated harms from air pollution other than greenhouse gases — smog, for example. That's where electric vehicles start to perform relatively poorly, since generating the electricity for them still creates pollution. Those harms will probably fade as more wind and solar energy comes online, but they are significant. Finally, the authors added the road deaths associated with heavier cars. Batteries are heavy, so electric vehicles — especially the largest — are likelier to kill people in crashes.

Totaling these costs and then subtracting fiscal benefits through gas taxes and electricity bills, electric vehicles impose $16,003 in net harms, the authors said, while gas vehicles impose $19,239. But the range is wide, with the largest electric vehicles far outpacing many internal combustion cars.
By this methodology, a large electric pickup like the Rivian imposes three times the harms of a Prius, according to one of the study's co-authors (a Stanford professor of global environmental). And yet "we are subsidizing the Rivian and not the Prius..."