Businesses

OpenAI To Remove Non-Profit Control and Give Sam Altman Equity (reuters.com) 80

OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation that will no longer be controlled by its non-profit board. "Chief executive Sam Altman will also receive equity for the first time in the for-profit company, which could be worth $150 billion after the restructuring as it also tries to remove the cap on returns for investors," reports Reuters. From the report: The OpenAI non-profit will continue to exist and own a minority stake in the for-profit company, the sources said. The move could also have implications for how the company manages AI risks in a new governance structure. [...] The details of the proposed corporate structure, first reported by Reuters, highlight significant governance changes happening behind the scenes at one of the most important AI companies. The plan is still being hashed out with lawyers and shareholders and the timeline for completing the restructuring remains uncertain, the sources said. "We remain focused on building AI that benefits everyone, and we're working with our board to ensure that we're best positioned to succeed in our mission. The non-profit is core to our mission and will continue to exist," an OpenAI spokesperson said.

Earlier today, OpenAI's chief technology officer Mira Murati announced her departure from the company. Her resignation follows the departures of founders Ilya Sutskever and John Schulman.

Further reading: OpenAI Pitched White House On Unprecedented Data Center Buildout
China

China-Linked Hackers Breach US Internet Providers in New 'Salt Typhoon' Cyberattack (msn.com) 16

Hackers linked to the Chinese government have broken into a handful of U.S. internet-service providers in recent months in pursuit of sensitive information, WSJ reported Wednesday, citing people familiar with the matter. From the report: The hacking campaign, called Salt Typhoon by investigators, hasn't previously been publicly disclosed and is the latest in a series of incursions that U.S. investigators have linked to China in recent years. The intrusion is a sign of the stealthy success Beijing's massive digital army of cyberspies has had breaking into valuable computer networks in the U.S. and around the globe.

In Salt Typhoon, the actors linked to China burrowed into America's broadband networks. In this type of intrusion, bad actors aim to establish a foothold within the infrastructure of cable and broadband providers that would allow them to access data stored by telecommunications companies or launch a damaging cyberattack. Last week, U.S. officials said they had disrupted a network of more than 200,000 routers, cameras and other internet-connected consumer devices that served as an entry point into U.S. networks for a China-based hacking group called Flax Typhoon. And in January, federal officials disrupted Volt Typhoon, yet another China-linked campaign that has sought to quietly infiltrate a swath of U.S. critical infrastructure.

"The cyber threat posed by the Chinese government is massive," said Christopher Wray, the Federal Bureau of Investigation's director, speaking earlier this year at a security conference in Germany. "China's hacking program is larger than that of every other major nation, combined." U.S. security officials allege that Beijing has tried and at times succeeded in burrowing deep into U.S. critical infrastructure networks ranging from water-treatment systems to airports and oil and gas pipelines. Top Biden administration officials have issued public warnings over the past year that China's actions could threaten American lives and are intended to cause societal panic. The hackers could also disrupt the U.S.'s ability to mobilize support for Taiwan in the event that Chinese leader Xi Jinping orders his military to invade the island.

Google

Google Paid $2.7 Billion To Bring Back an AI Genius Who Quit in Frustration (msn.com) 71

At a time when tech companies are paying eye-popping sums to hire the best minds in artificial intelligence, Google's deal to rehire Noam Shazeer has left others in the dust. From a report: A co-author of a seminal research paper that kicked off the AI boom, Shazeer quit Google in 2021 to start his own company after the search giant refused to release a chatbot he developed. When that startup, Character.AI, began to flounder, his old employer swooped in.

Google wrote Character a check for around $2.7 billion, according to people with knowledge of the deal. The official reason for the payment was to license Character's technology. But the deal included another component: Shazeer agreed to work for Google again. Within Google, Shazeeer's return is widely viewed as the primary reason the company agreed to pay the multibillion-dollar licensing fee. The arrangement has thrust him into the middle of a debate in Silicon Valley about whether tech giants are overspending in the race to develop cutting-edge AI, which some believe will define the future of computing.

Businesses

Online Discounts Are Getting Stingier (sherwood.news) 29

Steep online discounts aren't as sweet as they used to be. From a report: The average discount offered by online retailers in the US is down to 36% so far this year, data from Centric Market Intelligence shows. That's down two percentage points from last year, and down from an average of 42% in 2019 -- a 14% drop in real terms. Finding a bargain is getting tougher for a variety of reasons, according to retail experts who spoke with Sherwood. Sellers are having to pay more for raw materials, and they're shelling out more in customer-acquisition costs to get you to order from them. Fulfilling online orders is also generally more expensive than selling items in person. All these add up to increased costs that make it harder to offer discounts.
The Courts

WP Engine Sends Cease-and-Desist Letter To Automattic Over Mullenweg's Comments (techcrunch.com) 33

WordPress hosting service WP Engine on Monday sent a cease-and-desist letter to Automattic after the latter's CEO Matt Mullenweg called WP Engine a "cancer to WordPress" last week. From a report: The notice asks Automattic and Mullenweg to retract their comments and stop making statements against the company. WP Engine, which (like Automattic itself) commercializes the open-source WordPress project, also accused Mullenweg of threatening WP Engine before the WordCamp summit held last week. "Automattic's CEO Matthew Mullenweg threatened that if WP Engine did not agree to pay Automattic -- his for-profit entity -- a very large sum of money before his September 20th keynote address at the WordCamp US Convention, he was going to embark on a self-described 'scorched earth nuclear approach' toward WP Engine within the WordPress community and beyond, the letter read. "When his outrageous financial demands were not met, Mr. Mullenweg carried out his threats by making repeated false claims disparaging WP Engine to its employees, its customers, and the world," the letter added.
The Internet

Cloudflare's New Marketplace Will Let Websites Charge AI Bots For Scraping (techcrunch.com) 12

An anonymous reader quotes a report from TechCrunch: Cloudflare announced plans on Monday to launch a marketplace in the next year where website owners can sell AI model providers access to scrape their site's content. The marketplace is the final step of Cloudflare CEO Matthew Prince's larger plan to give publishers greater control over how and when AI bots scrape their websites. "If you don't compensate creators one way or another, then they stop creating, and that's the bit which has to get solved," said Prince in an interview with TechCrunch.

As the first step in its new plan, on Monday, Cloudflare launched free observability tools for customers, called AI Audit. Website owners will get a dashboard to view analytics on why, when, and how often AI models are crawling their sites for information. Cloudflare will also let customers block AI bots from their sites with the click of a button. Website owners can block all web scrapers using AI Audit, or let certain web scrapers through if they have deals or find their scraping beneficial. A demo of AI Audit shared with TechCrunch showed how website owners can use the tool, which is able to see where each scraper that visits your site comes from, and offers selective windows to see how many times scrapers from OpenAI, Meta, Amazon, and other AI model providers are visiting your site. [...]

AI

'Forget ChatGPT: Why Researchers Now Run Small AIs On Their Laptops' (nature.com) 48

Nature published an introduction to running an LLM locally, starting with the example of a bioinformatician who's using AI to generate readable summaries for his database of immune-system protein structures. "But he doesn't use ChatGPT, or any other web-based LLM." He just runs the AI on his Mac... Two more recent trends have blossomed. First, organizations are making 'open weights' versions of LLMs, in which the weights and biases used to train a model are publicly available, so that users can download and run them locally, if they have the computing power. Second, technology firms are making scaled-down versions that can be run on consumer hardware — and that rival the performance of older, larger models. Researchers might use such tools to save money, protect the confidentiality of patients or corporations, or ensure reproducibility... As computers get faster and models become more efficient, people will increasingly have AIs running on their laptops or mobile devices for all but the most intensive needs. Scientists will finally have AI assistants at their fingertips — but the actual algorithms, not just remote access to them.
The article's list of small open-weights models includes Meta's Llama, Google DeepMind's Gemma, Alibaba's Qwen, Apple's DCLM, Mistral's NeMo, and OLMo from the Allen Institute for AI. And then there's Microsoft: Although the California tech firm OpenAI hasn't open-weighted its current GPT models, its partner Microsoft in Redmond, Washington, has been on a spree, releasing the small language models Phi-1, Phi-1.5 and Phi-2 in 2023, then four versions of Phi-3 and three versions of Phi-3.5 this year. The Phi-3 and Phi-3.5 models have between 3.8 billion and 14 billion active parameters, and two models (Phi-3-vision and Phi-3.5-vision) handle images1. By some benchmarks, even the smallest Phi model outperforms OpenAI's GPT-3.5 Turbo from 2023, rumoured to have 20 billion parameters... Microsoft used LLMs to write millions of short stories and textbooks in which one thing builds on another. The result of training on this text, says Sébastien Bubeck, Microsoft's vice-president for generative AI, is a model that fits on a mobile phone but has the power of the initial 2022 version of ChatGPT. "If you are able to craft a data set that is very rich in those reasoning tokens, then the signal will be much richer," he says...

Sharon Machlis, a former editor at the website InfoWorld, who lives in Framingham, Massachusetts, wrote a guide to using LLMs locally, covering a dozen options.

The bioinformatician shares another benefit: you don't have to worry about the company updating their models (leading to different outputs). "In most of science, you want things that are reproducible. And it's always a worry if you're not in control of the reproducibility of what you're generating."

And finally, the article reminds readers that "Researchers can build on these tools to create custom applications..." Whichever approach you choose, local LLMs should soon be good enough for most applications, says Stephen Hood, who heads open-source AI at the tech firm Mozilla in San Francisco. "The rate of progress on those over the past year has been astounding," he says. As for what those applications might be, that's for users to decide. "Don't be afraid to get your hands dirty," Zakka says. "You might be pleasantly surprised by the results."
The Almighty Buck

Germany Seizes 47 Crypto Exchanges Used By Ransomware Gangs (bleepingcomputer.com) 30

German law enforcement seized 47 cryptocurrency exchange services "that facilitated illegal money laundering activities for cybercriminals," according to BleepingComputer, "including ransomware gangs."

Long-time Slashdot reader Arrogant-Bastard shares their report: The platforms allowed users to exchange cryptocurrencies without following applicable "Know Your Customer" regulations, meaning that users remained completely anonymous when making transactions. This created a low-risk environment for cybercriminals to launder their proceeds without fearing prosecution or being tracked. "Exchange services that enable such anonymous financial transactions and thus money laundering represent one of the most relevant building blocks in the criminal value chain of the cybercrime phenomenon," reads a Federal Criminal Police Office (BKA) announcement... When visiting any of the seized exchanges, you are now redirected to a warning page titled "Operation Final Exchange," which warns visitors that they have been deceived by the promises of anonymity by the operators of these platforms.
The new site notes years-long promises from the exchanges "that their hosting cannot be found, that they do not store any customer data and that all data is deleted immediately after the transaction...

"We have found their servers and seized them — development servers, production servers, backup servers. We have their data — and therefore we have your data. Transactions, registration data, IP addresses.

"Our search for traces begins. See you soon."
Google

Internal Google Emails Presented at Antitrust Trial (msn.com) 28

In the antitrust trial alleging Google had an ad-selling monopoly, "government lawyers have said some of their strongest evidence is in Google's own internal communications," reports the Wall Street Journal: [In 2010] a new crop of ad-tech companies were threatening Google's bottom line. "One way to make sure we don't get further behind in the market is picking up the one with the most traction and parking it somewhere..." [wrote YouTube Chief Executive Neal Mohan, who previously ran Google's display-ads business]. Google ended up buying one such company, AdMeld, for $400 million in 2011. Google shut down AdMeld two years later, after incorporating some of the startup's technology into its ad exchange, known commonly as AdX.

The Justice Department argued that AdMeld was part of a larger trend: Google acquiring nascent rivals to corner the market and then locking customers into using its products by conditioning access to one software tool on them paying for another... In a 2016 email introduced by the government, Google executive Jonathan Bellack asked colleagues: "Is there a deeper issue with us owning the platform, the exchange, and a huge network? The analogy would be if Goldman or Citibank owned the NYSE [New York Stock Exchange]...." The Justice Department also cited a 2018 email from another then-executive, Chris LaSala, who raised concerns internally over the 20% cut that Google takes from many of its AdX customers, saying Google was extracting "irrationally high rent" from users. "I don't think there is 20% of value in comparing two bids," wrote LaSala. "AdX is not providing additional liquidity to the market. It is simply running the auction."

Another former Google executive, Eisar Lipkovitz, testified that Google's omnipresence in ad-tech gives rise to conflicts of interest. Lipkovitz was rebuffed when he tried to get Google to lower the cut it took from AdX, he testified in a prerecorded deposition. The Justice Department finished presenting its case on Friday. Other witnesses included Google customers. One was Stephanie Layser, a former News Corp executive, who said she felt she had no choice but to use Google technology because the search giant has such market power that switching to another ad server would have meant losing out on millions in advertising revenue.

Google's lawyer countered that "There will be no witness in this case who can say with clarity where this industry is going in the next five years."

Or, as the Wall Street Journal puts it, "It makes no sense to focus on display ads, Google argues, when the industry is shifting to apps, social media and streaming services. Far from monopolizing the space, Google is actually losing ground, Google lawyer Karen Dunn said in her opening trial statement..."
Transportation

GM Electric Vehicles Can Now Use Tesla Superchargers (msn.com) 81

The Washington Post reports that electric vehicles made by General Motors now can use Tesla's Superchargers. (GM's charger adapters "will first be made available to customers in the United States, followed by availability for Canadian customers later this year.") The Post writes that the move "expands the number of vehicles compatible with the North American Charging Standard developed by Tesla" — and also marks "another step forward for efforts to settle on a universal public charger network for battery-powered cars and trucks in the U.S.

"It could also allay some GM customers' concerns about a lack of charging options." The new changes take effect immediately, along with sales of the GM-approved power adapters... The deal makes roughly 17,800 Tesla Superchargers available to drivers of GM-manufactured vehicles such as the Chevy Bolt, Cadillac Lyriq and Silverado EV, with the help of an adapter that costs $225... GM estimates that the partnership with Tesla contributes to an overall network of 231,800 fast chargers across the United States available to drivers of its vehicles. GM is also part of IONNA, a joint venture of eight automakers that plans to build at least 30,000 high-powered chargers nationwide.
GM's statement calls it "a move that will help accelerate fast and convenient charging options for current and future EV drivers." And the move comes 15 months after GM announced it was adopting the standard — a move followed within weeks by similar announcements from Rivian, Ford, Volvo, Nissan, Hyundai and Kia. "Ford and Rivian have started distributing adapters for their EVs," the Washington Post points out, "while others, such as BMW, Honda, Hyundai and Mercedes-Benz have promised to start making their vehicles compatible this year or next."

"Knowing we will now have access to Tesla Supercharger locations means that range anxiety has now virtually evaporated..." argues a Chevy owner at CleanTechnica: This is mostly good news for drivers of electric cars from GM. Tesla and The General have been bitter enemies in the past, with GM opposing Tesla's direct sales model in many states. The once fierce battle has cooled in recent years, but GM essentially won by keeping Tesla from selling direct to the public in several US states, including its new home of Texas. Nevertheless, the two companies are now cooperating, which is a bonus for drivers...

Despite some niggling concerns, this is a big deal for EV drivers in North America. Tesla Superchargers are the gold standard in the industry today. There are fast, reliable, and always located in clean, well-lit places where restrooms and fresh foods are available. This could very well change the conversation about electric cars to the point where by the time GM, Ford, and Stellantis get their plug-in hybrids into showrooms, the demand for them will have shrunk considerably.

One GM executive says in this week's statement that "GM's ongoing efforts to help accelerate the expansion of public charging infrastructure is an integral part of our commitment to an all-electric future."
NASA

How NASA Could Find Evidence of Life on Another Planet Within 25 Years (washingtonpost.com) 131

"In all likelihood, in the next 25 years, we'll find evidence of life on another planet..." begins a new essay by author Dave Eggers in the Washington Post.

"In more than a dozen conversations with some of the best minds in astrophysics, I did not meet anyone who was doubtful about finding evidence of life elsewhere — most likely on an exoplanet beyond our solar system. It was not a matter of if. It was a matter of when." [A]ll evidence points to us getting closer, every year, to identifying moons in our solar system, or exoplanets beyond it, that can sustain life. And if we don't find conditions for life on the moons near us, we'll find it on exoplanets — that is, planets outside our solar system. Within the next few decades, we'll likely find an exoplanet that has an atmosphere, that has water, that has carbon and methane and oxygen. Or some combination of those things.

And thus, the conditions for life. In a few years, NASA will launch the Nancy Grace Roman Space Telescope, which will have a panoramic field of vision a hundred times greater than the Hubble Space Telescope. And on the Nancy Grace Roman Space Telescope — we'll call it Roman from here on out — there will be a coronagraph, a device designed to perform something called, beautifully, starlight suppression. Starlight suppression is the blocking of the rays of a faraway star so that we can see behind it and around it. Once we can master starlight suppression, with Roman and NASA's next astrophysics flagship, the Habitable Worlds Observatory, we'll find the planets where life might exist.

To recap: For thousands of years, humans have wondered whether life is possible elsewhere in the universe, and now we're within striking distance of being able to say not only yes, but here.

And yet this is not front-page news. I didn't really know how close we were to this milestone until I visited the Jet Propulsion Laboratory in Pasadena, Calif., on a hot and dry day in June...

Eggers' article is part of an ongoing series called "Who is government?" (For the series Michael Lewis also profiled the uncelebrated number-crunchers at the U.S. Department of Labor, while Casey Cep wrote about the use of DNA to identify the remains of World War II soldiers for America's Veteran Affairs' department's.) But this week Eggers wrote that the work being done at NASA's Jet Propulsion Laboratory "is the most inspiring research and exploration being done by any humans on our planet..."

"No billionaires will fund work like this because there's no money in it. This is government-funded research to determine how the universe was created and whether we are alone in it. If NASA and JPL were not doing it, it would not be done."

Eggers emphasizes later that "doesn't mean it's intelligent life, or even semi-intelligent life. It could be bacteria, or some kind of interstellar sea cucumber. But whatever form it takes, we are close to finding it..."
Intel

Qualcomm Approached Intel About a Takeover (msn.com) 35

Friday the Wall Street Journal reported Qualcomm recently "made a takeover approach" to Intel, which has a market value of roughly $90 billion ("according to people familiar with the matter...") A deal is far from certain, the people cautioned. Even if Intel is receptive, a deal of that size is all but certain to attract antitrust scrutiny, though it is also possible it could be seen as an opportunity to strengthen the U.S.'s competitive edge in chips... Both Intel and Qualcomm have become U.S. national champions of sorts as chip-making gets increasingly politicized. Intel is in line to get up to $8.5 billion of potential grants for factories in the U.S. as Chief Executive Pat Gelsinger tries to build up a business making chips on contract for outsiders...
Both Intel and Qualcomm have been "overshadowed" by Nvidia's success in powering the AI boom, the article points out.

But "To get the deal done, Qualcomm could intend to sell assets or parts of Intel to other buyers... A deal would significantly broaden Qualcomm's horizons, complementing its mobile-phone chip business with chips from Intel that are ubiquitous in personal computers and servers..." Qualcomm's approach follows a more than three-year turnaround effort at Intel under Gelsinger that has yet to bear significant fruit. For years, Intel was the biggest semiconductor company in the world by market value, but it now lags behind rivals including Qualcomm, Broadcom, Texas Instruments and AMD. In August, following a dismal quarterly report, Intel said it planned to lay off thousands of employees and pause dividend payments as part of a broad cost-saving drive. Gelsinger last month laid out a roadmap to slash costs by more than $10 billion in 2025, as the company reported a loss of $1.6 billion for the second quarter, compared with a $1.5 billion profit a year earlier...

Intel earlier this year began to report separate financial results of its manufacturing operations, which many on Wall Street saw as a prelude to a possible split of the company. Some analysts have argued Intel should be split into two, mirroring a shift in the industry toward specializing in either chip design or chip manufacturing. Splitting up immediately might not be possible, however, Bernstein Research analyst Stacy Rasgon said in a recent note. Intel's manufacturing arm is money-losing and hasn't gained strong traction with customers other than Intel itself since Gelsinger opened the factories to outside chip designers three years ago. Gelsinger has been doubling down on the company's factory ambitions, outlining spending of hundreds of billions of dollars building new plants in the U.S., Europe and Israel in recent years.

Given Intel's market value, a successful takeover of the entire company would rank as the all-time largest technology M&A deal, topping Microsoft's $69 billion acquisition of Activision Blizzard.

Intel's stock "had its biggest one-day drop in over 50 years in August after the company reported disappointing earnings," reports CNBC. Partly because of that one-day, 26% drop, Intel's shares "are down 53% this year as investors express doubts about the company's costly plans to manufacture and design chips."

But the Register remains skeptical about Qualcomm taking over Intel: Chipzilla may not be worth much to Qualcomm unless it can renegotiate the x86/x86-64 cross-licensing patent agreement between Intel and AMD, which dates back to 2009. That agreement is terminated if a change in control happens at either Intel or AMD.

While a number of the patents expired in 2021, it's our understanding that agreement is still in force and Qualcomm would be subject to change of control rules. In other words, Qualcomm wouldn't be able to produce Intel-designed x86-64 chips unless AMD gave the green light. It's also likely one of the reasons why no one bought AMD when it was dire straits; whoever took over it would have to deal with Intel.

United States

US Awards $3 Billion To Boost Domestic Battery Production (msn.com) 38

American Battery Technology and lithium-producer Albemarle are among 25 companies getting more than $3 billion in funding from the Biden administration to boost domestic production of advanced batteries and components. From a report: The funding -- part of a broader White House goal of creating an American battery supply chain -- is going to projects that are building, expanding or retrofitting facilities to process critical minerals, build components and batteries and recycle materials, the Energy Department said Friday.

American Battery Technology received $150 million to build a commercial-scale lithium-ion battery recycling facility in South Carolina. Albemarle is getting $67 million to retrofit a facility to manufacture commercial anode material for next-generation lithium-ion batteries around Charlotte, North Carolina. Other projects included $50 million for Cabot and $225 million for SWA Lithium, a joint venture of Standard Lithium and Equinor. Batteries -- which are used for electric vehicles as well as storing renewable energy for use on the electric grid -- are considered critical to reaching the administration's goal of net-zero emissions by 2050 and for boosting electric vehicles to half of all new light-duty vehicle sales by 2030.

Facebook

Zuckerberg Says Apple's Culture is Not Like Meta's (msn.com) 78

Meta and Apple have increasingly been rivals, and Mark Zuckerberg only expects their competition to intensify in the coming years. From a report: "I think in a lot of ways we're like the opposite of Apple," Zuckerberg said. "Clearly, their stuff has worked really well too. They take this approach that's like, 'We're going to take a long time, we're going to polish it, we're going to put it out,' and maybe for the stuff that they're doing that works, maybe that just fits with their culture."

Zuckerberg went on to say Meta approaches product releases differently, saying, "there are a lot of conversations that we have internally where you're almost at the line of being embarrassed at what you put out." "You want to really have a culture that values shipping and getting things out and getting feedback more than needing always to get great positive accolades from people when you put stuff out," he continued.

He also took the opportunity to critique Apple's approach. "If you want to wait until you get praised all the time, you're missing a bunch of the time when you could've learned a bunch of useful stuff and then incorporated that into the next version you're going to ship," he said. [...] Zuck said one of his goals for the next 10 or 15 years is "to build the next generation of open platforms and have the open platforms win."

Security

Hack of Hezbollah Devices Exposes Dark Corners of Asia Supply Chains (msn.com) 187

Deadly attacks using booby-trapped pagers and walkie-talkies in Lebanon has revealed significant vulnerabilities in the supply chains for older electronic devices. The incident, which killed 37 people and injured about 3,000, has sparked investigations across Europe into the origins of the weaponized gadgets.

Taiwan-based Gold Apollo blamed a European licensee for the compromised pagers, while Japan's Icom could not verify the authenticity of the walkie-talkies bearing its name. Both companies denied manufacturing the deadly components in their home countries. Industry executives say older electronics from Asia often lack the tight supply chain controls of newer products, making it difficult to trace their origins. Counterfeiting, surplus inventories, and complex manufacturing deals further complicate the issue.
The Almighty Buck

Walmart Plans Instant Bank Payments, Cutting Out Card Networks (bnnbloomberg.ca) 139

An anonymous reader quotes a report from Bloomberg: Walmart customers will soon have the option to pay directly from their bank accounts with instant transfers for online purchases. The enhanced feature is a flash point in the escalating tensions between merchants and the card networks setting the fees for payment processing. The world's largest retailer has offered pay-by-bank through Walmart Pay since earlier this year. Until now, the transactions were akin to digital checks and took roughly three days to finalize when being processed through The Automated Clearing House, the same network often used for bill payments or paycheck deposits. Soon, customers opting for pay-by-bank transactions will see the purchase reflected in their bank account balance instantly -- and Walmart will receive the funds immediately. [...]

Walmart's upgraded pay-by-bank offering will be rolled out in 2025. The transactions will occur over bank technology provider Fiserv's NOW Network, which integrates with The Clearing House's Real Time Payments network and the Federal Reserve's FedNow. Until now, large retailers hesitated to launch real time payment options because many banks were not connected to an instant settlement system, meaning their customers would not be able to use the product. NOW Network aims to connect to as many banks as possible to reach 100% of deposit accounts by combining its own network with RTP and FedNow. The instant pay-by-bank product will be available for online checkout on Walmart.com. The Bentonville, Arkansas-based retailer already has customers set up a profile when they shop online. If they opt to add pay-by-bank as a payment option on their profile, they will enter their bank login credentials to connect their account. Fiserv's AllData platform connects with their bank clients and vendors including Plaid, MX, Akoya and Finicity to link and authenticate consumer accounts.
With this instant pay-by-bank product, consumers will avoid stacked pending transactions, which can open them up to the risk of overdraft or non-sufficient fund fees from their bank. "When the transaction processes as a real time payment, customers get immediate access to see that payment come through, I see it hit my account and I can properly budget," said Jamie Henry, vice president of emerging payments at Walmart. "It's not as if I've got this phantom payment out there that's going to take place a couple days down the road."
The Almighty Buck

Apple, Google Wallets Now Support California Driver's Licenses (techcrunch.com) 60

Residents of California can now store their driver's license or state ID in Apple or Google Wallet, according to an announcement today. Apple also shared the news. TechCrunch reports: Californians with an ID in the Apple Wallet or Google Wallet app can use their mobile devices to present their ID in person at select TSA security checkpoints and businesses. They can also use the app to verify their age or identity in select apps. Other states that already support digital driver's licenses and state IDs include Arizona, Colorado, Georgia, Maryland, and Ohio.
Businesses

Tech Jobs Have Dried Up - and Aren't Coming Back Soon (msn.com) 178

The once-booming tech job market has contracted sharply, with software development postings down over 30% since February 2020, according to Indeed.com. Tech companies have shed around 137,000 jobs since January, Layoffs.fyi reports.

This downturn, following years of aggressive hiring, marks a significant shift in the industry's labor dynamics. Companies are pivoting from growth-at-all-costs strategies to revenue-focused approaches, cutting entry-level positions and redirecting resources towards AI development. The release of ChatGPT in late 2022 sparked an AI investment frenzy, creating high demand for specialized AI talent.
Businesses

Amazon's New 'Shark Tank'-Style Show Gives Winners Top Billing in Its Store (msn.com) 14

Coming soon: Amazon sellers duking it out on TV to get their wares prime placement at the world's largest online retailer. Think "Shark Tank" meets Home Shopping Network. From a report: The e-commerce giant plans to introduce a new competition show next month in which entrepreneurs pitch their products to a studio audience as well as to judges including Amazon executives and celebrities like Goop founder Gwyneth Paltrow and designer Christian Siriano. Finalists will have their inventions sold in a new Amazon "Buy It Now" online store, and the winner of each episode will earn $20,000.

The show is the retailer's latest attempt to marry content and commerce. Persuading consumers to shop through Internet-enabled televisions has long been a goal of traditional entertainment companies, but getting viewers to scan the QR code can be difficult. By creating shows that highlight its sellers and their products, Amazon has a better shot at getting viewers to shop -- especially younger audiences who are already doing this on apps like TikTok, said Bernstein analyst Mark Shmulik. "This feels more elegant than QR codes," Shmulik said of Amazon's new game show. Over the past few years, Amazon has introduced ads with QR codes in about 100 shows and movies, including "The Summer I Turned Pretty," "The Boys" and, more recently, NFL football games.

Operating Systems

20 Years Later, Real-Time Linux Makes It To the Kernel (zdnet.com) 100

ZDNet's Steven Vaughan-Nichols reports: After 20 years, Real-Time Linux (PREEMPT_RT) is finally -- finally -- in the mainline kernel. Linus Torvalds blessed the code while he was at Open Source Summit Europe. [...] The real-time Linux code is now baked into all Linux distros as of the forthcoming Linux 6.12 kernel. This means Linux will soon start appearing in more mission-critical devices and industrial hardware. But it took its sweet time getting here. An RTOS is a specialized operating system designed to handle time-critical tasks with precision and reliability. Unlike general-purpose operating systems like Windows or macOS, an RTOS is built to respond to events and process data within strict time constraints, often measured in milliseconds or microseconds. As Steven Rostedt, a prominent real-time Linux developer and Google engineer, put it, "Real-time is the fastest worst-case scenario." He means that the essential characteristic of an RTOS is its deterministic behavior. An RTOS guarantees that critical tasks will be completed within specified deadlines. [...]

So, why is Real-Time Linux only now completely blessed in the kernel? "We actually would not push something up unless we thought it was ready," Rostedt explained. "Almost everything was usually rewritten at least three times before it went into mainline because we had such a high bar for what would go in." In addition, the path to the mainline wasn't just about technical challenges. Politics and perception also played a role. "In the beginning, we couldn't even mention real-time," Rostedt recalled. "Everyone said, 'Oh, we don't care about real-time.'" Another problem was money. For many years funding for real-time Linux was erratic. In 2015, the Linux Foundation established the Real-Time Linux (RTL) collaborative project to coordinate efforts around mainlining PREEMPT_RT.

The final hurdle for full integration was reworking the kernel's print_k function, a critical debugging tool dating back to 1991. Torvalds was particularly protective of print_k --He wrote the original code and still uses it for debugging. However, print_k also puts a hard delay in a Linux program whenever it's called. That kind of slowdown is unacceptable in real-time systems. Rostedt explained: "Print_k has a thousand hacks to handle a thousand different situations. Whenever we modified print_k to do something, it would break one of these cases. The thing about print_k that's great about debugging is you can know exactly where you were when a process crashed. When I would be hammering the system really, really hard, and the latency was mostly around maybe 30 microseconds, and then suddenly it would jump to five milliseconds." That delay was the print_k message. After much work, many heated discussions, and several rejected proposals, a compromise was reached earlier this year. Torvalds is happy, the real-time Linux developers are happy, print_K users are happy, and, at long last, real-time Linux is real.

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