An anonymous reader shares a report: For two years, ChatGPT has been OpenAI's cash cow. But by the end of the decade, the company has told some potential and current investors it expects combined sales from agents and other new products to exceed its popular chatbot, lifting total sales to $125 billion in 2029 and $174 billion the next year, according to documents seen by The Information.

The projections, which would propel the 10-year-old startup's sales toward the level of Nvidia or Meta Platforms today, reflect rapid revenue gains from agents, or AI software that can take actions on behalf of customers, as well as other new products. These include those tied to "free user monetization," likely meaning money made from OpenAI's nonpaying users.

An anonymous reader quotes a report from MIT Technology Review: A lawsuit to hold Yahoo responsible for "willfully turning a blind eye" to the mismanagement of a human rights fund for Chinese dissidents was settled for $5.425 million last week, after an eight-year court battle. At least $3 million will go toward a new fund; settlement documents say it will "provide humanitarian assistance to persons in or from the [People's Republic of China] who have been imprisoned in the PRC for exercising their freedom of speech." This ends a long fight for accountability stemming from decisions by Yahoo, starting in the early 2000s, to turn over information on Chinese internet users to state security, leading to their imprisonment and torture. After the actions were exposed and the company was publicly chastised, Yahoo created the Yahoo Human Rights Fund (YHRF), endowed with $17.3 million, to support individuals imprisoned for exercising free speech rights online.

The Yahoo Human Rights Fund was intended to support imprisoned Chinese dissidents. Instead, a lawsuit alleges that only a small fraction of the money went to help former prisoners. But in the years that followed, its chosen nonprofit partner, the Laogai Research Foundation, badly mismanaged the fund, spending less than $650,000 -- or 4% -- on direct support for the dissidents. Most of the money was, instead, spent by the late Harry Wu, the politically connected former Chinese dissident who led Laogai, on his own projects and interests. A group of dissidents sued in 2017, naming not just Laogai and its leadership but also Yahoo and senior members from its leadership team during the time in question; at least one person from Yahoo always sat on YHRF's board and had oversight of its budget and activities.

The defendants -- which, in addition to Yahoo and Laogai, included the Impresa Legal Group, the law firm that worked with Laogai -- agreed to pay the six formerly imprisoned Chinese dissidents who filed the suit, with five of them slated to receive $50,000 each and the lead plaintiff receiving $55,000. The remainder, after legal fees and other expense reimbursements, will go toward a new fund to continue YHRF's original mission of supporting individuals in China imprisoned for their speech. The fund will be managed by a small nonprofit organization, Humanitarian China, founded in 2004 by three participants in the 1989 Chinese democracy movement. Humanitarian China has given away $2 million in cash assistance to Chinese dissidents and their families, funded primarily by individual donors.

An anonymous reader quotes a report from Ars Technica: In 2019, Garrett Mitchell was already an Internet success. His YouTube channel, Cleetus McFarland, had over a million followers. If you perused the channel at that time, you would've found a range of grassroots motorsports videos with the type of vehicular shenanigans that earn truckloads of views. Some of those older videos include "BLEW BY A COP AT 120+mph! OOPS!," "THERE'S A T-REX ON THE TRACK!," and "Manual Transmission With Paddle Shifters!?!." Those videos made Mitchell, aka Cleetus McFarland, a known personality among automotive enthusiasts. But the YouTuber wanted more financial independence beyond the Google platform and firms willing to sponsor his channel. " after my YouTube was growing and some of my antics [were] getting videos de-monetized, I realized I needed a playground," Mitchell told Ars Technica in an email.

Mitchell found a road toward new monetization opportunities through the DeSoto Super Speedway. The Bradenton, Florida, track had changed ownership multiple times since opening in the 1970s. The oval-shaped racetrack is three-eighths of a mile long with 12-degree banking angles. By 2018, the track had closed its doors and was going unused. DeSoto happened to be next to Mitchell's favorite drag strip, giving the YouTuber the idea of turning it into a stadium where people could watch burnouts and other "massive, rowdy" ticketed events. Mitchell added: "So I sold everything I could, borrowed some money from my business manager, and went all in for [$]2.2 million." But like the rest of the world, Mitchell hit the brakes on his 2020 plans during COVID-19 lockdowns. Soon after his purchase, Mitchell couldn't use the track, renamed Freedom Factory, for large gatherings, forcing him to reconsider his plans. "We had no other option but to entertain the people somehow. And with no other racing goin' on anywhere, we bet big on making something happen. And it worked," Mitchell said. That "something" was a pay-per-view (PPV) event hosted from the Freedom Factory in April 2020.

The event led to others and, eventually, Mitchell running his own subscription video on demand (SVOD) service, FRDM+, which originally launched as Cleetervision in 2022. Today, a FRDM+ subscription costs $20 per month or $120 per year. A subscription provides access to an impressive library of automotive videos. Some are archived from Mitchell's YouTube channel. Other, exclusive videos feature content such as interviews with motorsports influencers and members of Mitchell's staff and crew, and outrageous motorsports stunts. You can watch videos from other influencers on FRDM+, and the business can also white-label its platform into other influencers' websites, too. "Today, bandwidth isn't a problem for FRDM+, and navigating the streaming service doesn't feel much different from something like Netflix," writes Ars Technica's Scharon Harding. "There are different 'channels' (grouped together by related content or ongoing series) on top and new releases and upcoming content highlighted below. There are horizontal scrolling rows, and many titles have content summaries and/or trailers. The platform also has a support section with instructions for canceling subscriptions."

"Due to wildly differing audiences, markets, costs, and scales, comparing FRDM+'s financials to the likes of Netflix and other mainstream streaming services is like comparing apples to oranges. But it's interesting to consider that FRDM+ has achieved profitability faster than some of those services, like Peacock, which also launched in 2020, and Apple TV+, which debuted in 2019."

An anonymous reader shares a report: Canada has seen a boom in political books created with generative artificial intelligence, adding to concerns about how new technologies are affecting the information voters receive during the election campaign.

Prime Minister Mark Carney was the subject of at least 16 books published in March and listed on Amazon.com, according to a review of the site on April 16. Five of those were published on a single day. In total, some 30 titles were published about Carney this year and made available on Amazon -- but most were taken down from the site after inquiries from Bloomberg News.

One author, James A. Powell, put his name to at least three books about the former central banker, who's now leading the Liberal Party and is narrowly favored to win the election. Among the titles that Amazon removed: "Carney's Code: Climate Capitalism, Digital Currencies, and the Technocratic Takeover of the Global Economy -- Inside Mark Carney's Blueprint for the Post-Democratic World."

Google pays Samsung an "enormous sum of money" every month to preinstall Google generative AI app, Gemini, on its phones and devices, according to court testimony, even though the company's practice of paying for installations has twice been found to violate the law. From a report: The company began paying Samsung for Gemini in January, according to Peter Fitzgerald, Google's vice president of platforms and device partnerships, who testified Monday in Washington federal court as part of the Justice Department's antitrust case. The contract, set to run at least two years, provides fixed monthly payments for each device that preinstalls Gemini and pays Samsung a percentage of the revenue Google earns from advertisements within the app, Fitzgerald told Judge Amit Mehta, who is overseeing the case.

CATL has unveiled a second-generation Shenxing battery capable of delivering a 520km range in just five minutes of charging, surpassing BYD's recent breakthrough and positioning both Chinese firms ahead of Western rivals in EV battery tech. The battery manufacturer also introduced a sodium-ion battery called Naxtra, offering up to 500km range for EVs and potential to diversify global energy resources. The Financial Times reports: The claims by the Chinese battery groups would put them ahead of major western rivals. At present, Tesla vehicles can be charged up to 200 miles (321km) in added range in 15 minutes, while Germany's Mercedes-Benz recently launched its all-electric CLA compact sedan, which can be charged for up to 325km within 10 minutes using a fast-charging station. [...] The second generation of the Shenxing battery, which boasts a range of 800km on one charge, can achieve a peak charging speed of 2.5km per second, the company said at a media event ahead of this week's Shanghai auto show.

"We look forward to collaborating with more industry leaders to push the limits of supercharging through true innovation," said CATL's chief technology officer Gao Huan, adding that he wanted the new batteries to become "the standard for electric vehicles." Analysts at Bernstein said the latest progress meant that charging speeds had more than doubled in the past year and "increased tenfold over the past 3-4 years." Huan said the new Shenxing battery would be installed in more than 67 EV models this year. He later told reporters that energy density would not be sacrificed as a trade-off for fast charging.

During its tech day, CATL also unveiled its new sodium-ion battery, which it said would go into mass production in December. The battery brand called Naxtra is able to give a range of about 200km for a hybrid vehicle and 500km for an electric vehicle, according to Huan. [...] At the event, Huan claimed the new sodium-ion battery would enable the industry's shift from "single resource dependence" to "energy freedom" and reshape the global energy landscape. He added that he was in discussions with several companies about using sodium-ion batteries in their vehicles.

An anonymous reader shared this report from the Wall Street Journal: Five years ago, Airbus made a bold bet: The plane maker would launch a zero-emissions, hydrogen-powered aircraft within 15 years that, if successful, would mark the biggest revolution in aviation technology since the jet engine. Now, Airbus is pulling the brakes. The company has cut the project's budget by a quarter, reallocated staff and sent remaining engineers back to the drawing board, delaying its plans by as much as a decade...

Airbus has spent more than $1.7 billion on the project, according to people familiar with the matter, but over the past year concluded that technical challenges and a slow uptake of hydrogen in the wider economy meant the jet wouldn't be ready by 2035... Airbus says the past five years of work and money haven't been wasted. The company has established that hydrogen is technically feasible and delaying the project will give it more time to fine-tune the technology, executives said...

Airbus shifted focus to hydrogen-fuel cells, which use a chemical reaction to generate energy for an electric motor. It would produce only water vapor, but would require a more radical redesign of the airframe and propulsion system. The plane would carry only 100 passengers about 1,000 nautical miles. Over time, even that proved challenging because of the extra weight of the fuel cells and their limited electricity generation. Instead of a short-haul narrow-body — the workhorse of the aviation industry — at best the aircraft would be more akin to a less appealing regional turboprop.
Airbus received a multi-billion Covid-era support package from the French government that "required Airbus to spend a portion of the money on bringing green aircraft to market by the 2030s," according to the article.

"The hydrogen project helped Airbus access additional government funding, as well as private green financing... Airbus ultimately assigned the project an annual budget of about €400 million, primarily funded through its own coffers, according to people familiar with its financing arrangements."

The Trump administration is "taking measures to restrict the sale of AI chips by Nvidia, Advanced Micro Devices and Intel," especially in China, reports the New York Times. But that's triggered a series of dominoes. "In the two days after the limits became public, shares of Nvidia, the world's leading AI chipmaker, fell 8.4%. AMD's shares dropped 7.4%, and Intel's were down 6.8%." (AMD expects up to $800 million in charges after the move, according to CNBC, while NVIDIA said it would take a quarterly charge of about $5.5 billion.)

The Times notes hopeful remarks Thursday from Jensen Huang, CEO of Nvidia, during a meeting with the China Council for the Promotion of International Trade. "We're going to continue to make significant effort to optimize our products that are compliant within the regulations and continue to serve China's market." But America's chipmakers also have a greater fear, according to the article: "that their retreat could turn the Chinese tech giant Huawei into a global chip-making powerhouse." "For the U.S. semiconductor industry, China is gone," said Handel Jones, a semiconductor consultant at International Business Strategies, which advises electronics companies. He projects that Chinese companies will have a majority share of chips in every major category in China by 2030... Huang's message spoke to one of his biggest fears. For years, he has worried that Huawei, China's telecommunications giant, will become a major competitor in AI. He has warned U.S. officials that blocking U.S. companies from competing in China would accelerate Huawei's rise, said three people familiar with those meetings who spoke on the condition of anonymity.

If Huawei gains ground, Huang and others at Nvidia have painted a dark picture of a future in which China will use the company's chips to build AI data centers across the world for the Belt and Road Initiative, a strategic effort to increase Beijing's influence by paying for infrastructure projects around the world, a person familiar with the company's thinking said...

Nvidia's previous generation of chips perform about 40% better than Huawei's best product, said Gregory C. Allen, who has written about Huawei in his role as director of the Wadhwani AI Center at the Center for Strategic and International Studies. But that gap could dwindle if Huawei scoops up the business of its American rivals, Allen said. Nvidia was expected to make more than $16 billion in sales this year from the H20 in China before the restriction. Huawei could use that money to hire more experienced engineers and make higher-quality chips. Allen said the U.S. government's restrictions also could help Huawei bring on customers like DeepSeek, a leading Chinese AI startup. Working with those companies could help Huawei improve the software it develops to control its chips. Those kinds of tools have been one of Nvidia's strengths over the years.
TechRepublic identifies this key quote from an earlier article: "This kills NVIDIA's access to a key market, and they will lose traction in the country," Patrick Moorhead, a tech analyst with Moor Insights & Strategy, told The New York Times. He added that Chinese companies will buy from local rival Huawei instead.

"Members of the CA/Browser Forum have voted to slash cert lifespans from the current one year to 47 days," reports Computerworld, "placing an added burden on enterprise IT staff who must ensure they are updated." In a move that will likely force IT to much more aggressively use web certificate automation services, the Certification Authority Browser Forum (CA/Browser Forum), a gathering of certificate issuers and suppliers of applications that use certificates, voted [last week] to radically slash the lifespan of the certificates that verify the ownership of sites.

The approved changes, which passed overwhelmingly, will be phased in gradually through March 2029, when the certs will only last 47 days.

This controversial change has been debated extensively for more than a year. The group's argument is that this will improve web security in various ways, but some have argued that the group's members have a strong alternative incentive, as they will be the ones earning more money due to this acceleration... Although the group voted overwhelmingly to approve the change, with zero "No" votes, not every member agreed with the decision; five members abstained...

In roughly one year, on March 15, 2026, the "maximum TLS certificate lifespan shrinks to 200 days. This accommodates a six-month renewal cadence. The DCV reuse period reduces to 200 days," according to the passed ballot. The next year, on March 15, 2027, the "maximum TLS certificate lifespan shrinks to 100 days. This accommodates a three-month renewal cadence. The DCV reuse period reduces to 100 days." And on March 15, 2029, "maximum TLS certificate lifespan shrinks to 47 days. This accommodates a one-month renewal cadence. The DCV reuse period reduces to 10 days."
The changes "were primarily pushed by Apple," according to the article, partly to allow more effective reactions to possible changes in cryptography.

And Apple also wrote that the shift "reduces the risk of improper validation, the scope of improper validation perpetuation, and the opportunities for misissued certificates to negatively impact the ecosystem and its relying parties."

Thanks to Slashdot reader itwbennett for sharing the news.

An anonymous reader quotes a report from Reuters: Twenty-one humanoid robots joined thousands of runners at the Yizhuang half-marathon in Beijing on Saturday, the first time these machines have raced alongside humans over a 21-km (13-mile) course. The robots from Chinese manufacturers such as DroidVP and Noetix Robotics came in all shapes and sizes, some shorter than 120 cm (3.9 ft), others as tall as 1.8 m (5.9 ft). One company boasted that its robot looked almost human, with feminine features and the ability to wink and smile.

Some firms tested their robots for weeks before the race. Beijing officials have described the event as more akin to a race car competition, given the need for engineering and navigation teams. "The robots are running very well, very stable ... I feel I'm witnessing the evolution of robots and AI," said spectator He Sishu, who works in artificial intelligence. The robots were accompanied by human trainers, some of whom had to physically support the machines during the race.

A few of the robots wore running shoes, with one donning boxing gloves and another wearing a red headband with the words "Bound to Win" in Chinese. The winning robot was Tiangong Ultra, from the Beijing Innovation Center of Human Robotics, with a time of 2 hours and 40 minutes. The men's winner of the race had a time of 1 hour and 2 minutes. [...] Some robots, like Tiangong Ultra, completed the race, while others struggled from the beginning. One robot fell at the starting line and lay flat for a few minutes before getting up and taking off. One crashed into a railing after running a few metres, causing its human operator to fall over. You can watch a recording of the race in its entirety on YouTube.

Some actors who sold their likenesses to AI video companies like Synthesia now regret the decision, after finding their digital avatars used in misleading, embarrassing, or politically charged content. Ars Technica reports: Among them is a 29-year-old New York-based actor, Adam Coy, who licensed rights to his face and voice to a company called MCM for one year for $1,000 without thinking, "am I crossing a line by doing this?" His partner's mother later found videos where he appeared as a doomsayer predicting disasters, he told the AFP. South Korean actor Simon Lee's AI likeness was similarly used to spook naive Internet users but in a potentially more harmful way. He told the AFP that he was "stunned" to find his AI avatar promoting "questionable health cures on TikTok and Instagram," feeling ashamed to have his face linked to obvious scams. [...]

Even a company publicly committed to ethically developing AI avatars and preventing their use in harmful content like Synthesia can't guarantee that its content moderation will catch everything. A British actor, Connor Yeates, told the AFP that his video was "used to promote Ibrahim Traore, the president of Burkina Faso who took power in a coup in 2022" in violation of Synthesia's terms. [...] Yeates was paid about $5,000 for a three-year contract with Synthesia that he signed simply because he doesn't "have rich parents and needed the money." But he likely couldn't have foreseen his face being used for propaganda, as even Synthesia didn't anticipate that outcome.

Others may not like their AI avatar videos but consider the financial reward high enough to make up for the sting. Coy confirmed that money motivated his decision, and while he found it "surreal" to be depicted as a con artist selling a dystopian future, that didn't stop him from concluding that "it's decent money for little work." Potentially improving the climate for actors, Synthesia is forming a talent program that it claims will give actors a voice in decision-making about AI avatars. "By involving actors in decision-making processes, we aim to create a culture of mutual respect and continuous improvement," Synthesia's blog said.

Google is offering all U.S. college students a free year of its Gemini Advanced AI tools through its Google One AI Premium plan, as part of a push to expand Gemini's user base and compete with ChatGPT. It includes access to the company's Pro models, Veo 2 video generation, NotebookLM, Gemini Live and 2TB of Drive storage. Ars Technica reports: Google has a new landing page for the deal, allowing eligible students to sign up for their free Google One AI Premium plan. The offer is valid from now until June 30. Anyone who takes Google up on it will enjoy the free plan through spring 2026. The company hasn't specified an end date, but we would wager it will be June of next year. Google's intention is to give students an entire school year of Gemini Advanced from now through finals next year. At the end of the term, you can bet Google will try to convert students to paying subscribers.

As for who qualifies as a "student" in this promotion, Google isn't bothering with a particularly narrow definition. As long as you have a valid .edu email address, you can sign up for the offer. That's something that plenty of people who are not actively taking classes still have. You probably won't even be taking undue advantage of Google if you pretend to be a student -- the company really, really wants people to use Gemini, and it's willing to lose money in the short term to make that happen.

LG is partnering with Zenapse to integrate AI-driven emotional intelligence into its smart TVs, enabling hyper-targeted ads based on viewers' psychological traits, emotions, and behaviors. Ars Technica reports: The upcoming advertising approach comes via a multi-year licensing deal with Zenapse, a company describing itself as a software-as-a-service marketing platform that can drive advertiser sales "with AI-powered emotional intelligence." LG will use Zenapse's technology to divide webOS users into hyper-specific market segments that are supposed to be more informative to advertisers. LG Ad Solutions, LG's advertising business, announced the partnership on Tuesday.

The technology will be used to inform ads shown on LG smart TVs' homescreens, free ad-supported TV (FAST) channels, and elsewhere throughout webOS, per StreamTV Insider. LG will also use Zenapse's tech to "expand new software development and go-to-market products," it said. LG didn't specify the duration of its licensing deal with Zenapse. Zenapse's platform for connected TVs (CTVs), ZenVision, is supposed to be able to interpret the types of emotions shown in the content someone is watching on TV, partially by using publicly available information about the show's or movie's script and plot, StreamTV Insider reported. ZenVision also analyzes viewer behavior, grouping viewers based on their consumption patterns, the publication noted. Under the new partnership, ZenVision can use data that LG has gathered from the automatic content recognition software in LG TVs.

With all this information, ZenVision will group LG TV viewers into highly specified market segments, such as "goal-driven achievers," "social connectors," or "emotionally engaged planners," an LG spokesperson told StreamTV Insider. Zenapse's website for ZenVision points to other potential market segments, including "digital adopters," "wellness seekers," "positive impact & environment," and "money matters." Companies paying to advertise on LG TVs can then target viewers based on the ZenVision-specified market segments and deliver an "emotionally intelligent ad," as Zenapse's website puts it.

The Trump administration plans to eliminate the IRS' Direct File program, an electronic system for filing tax returns directly to the agency for free, AP reported Wednesday, citing two people familiar with the decision. From the report: The program developed during Joe Biden's presidency was credited by users with making tax filing easy, fast and economical. But Republican lawmakers and commercial tax preparation companies complained it was a waste of taxpayer money because free filing programs already exist, although they are hard to use.

A Canadian math prodigy is accused of stealing over $65 million through complex exploits on decentralized finance platforms and is currently a fugitive from U.S. authorities. Despite facing criminal charges for fraud and money laundering, he has evaded capture by moving internationally, embracing the controversial "Code is Law" philosophy, and maintaining that his actions were legal under the platforms' open-source rules. The Globe and Mail reports: Andean Medjedovic was 18 years old when he made a decision that would irrevocably alter the course of his life. In the fall of 2021, shortly after completing a master's degree at the University of Waterloo, the math prodigy and cryptocurrency trader from Hamilton had conducted a complex series of transactions designed to exploit a vulnerability in the code of a decentralized finance platform. The maneuver had allegedly allowed him to siphon approximately $16.5-million in digital tokens out of two liquidity pools operated by the platform, Indexed Finance, according to a U.S. court document.

Indexed Finance's leaders traced the attack back to Mr. Medjedovic, and made him an offer: Return 90 per cent of the funds, keep the rest as a so-called "bug bounty" -- a reward for having identified an error in the code -- and all would be forgiven. Mr. Medjedovic would then be free to launch his career as a white hat, or ethical, hacker. Mr. Medjedovic didn't take the deal. His social media posts hinted, without overtly stating, that he believed that because he had operated within the confines of the code, he was entitled to the funds -- a controversial philosophy in the world of decentralized finance known as "Code is Law." But instead of testing that argument in court, Mr. Medjedovic went into hiding. By the time authorities arrived on a quiet residential street in Hamilton to search his parents' townhouse less than two months later, Mr. Medjedovic had moved out, taking his electronic devices with him.

Then, roughly two years later, he struck again, netting an even larger sum -- approximately $48.4-million -- by conducting a similar exploit on another decentralized finance platform, U.S. authorities allege. Mr. Medjedovic, now 22, faces five criminal charges -- including wire fraud, attempted extortion and money laundering -- according to a U.S. federal court document that was unsealed earlier this year. If convicted, he could be facing decades in prison. First, authorities will have to find him.

"Can you help me take down the Texas lottery?"

That's what a London banker-turned-bookmaker asked "acquaintances" in 2023, reports the Wall Street Journal. The plan was to buy "nearly every possible number in a coming drawing" — purchasing $1 tickets for 25.8 million possible combinations, since "The jackpot was heading to $95 million. If nobody else also picked the winning numbers, the profit would be nearly $60 million." Marantelli flew to the U.S. with a few trusted lieutenants. They set up shop in a defunct dentist's office, a warehouse and two other spots in Texas. The crew worked out a way to get official ticket-printing terminals. Trucks hauled in dozens of them and reams of paper... [Then Texas announced no winner in an earlier lottery, rolling its jackpot into another drawing three days later.] The machines — manned by a disparate bunch of associates and some of their children — screeched away nearly around the clock, spitting out 100 or more tickets every second. Texas politicians later likened the operation to a sweatshop.

Trying to pull off the gambit required deep pockets and a knack for staying under the radar — both hallmarks of the secretive Tasmanian gambler who bankrolled the operation. Born Zeljko Ranogajec, he was nicknamed "the Joker" for his ability to pull off capers at far-flung casinos and racetracks. Adding to his mystique, he changed his name to John Wilson several decades ago. Among some associates, though, he still goes by Zeljko, or Z. Over the years, Ranogajec and his partners have won hundreds of millions of dollars by applying Wall Street-style analytics to betting opportunities around the world. Like card counters at a blackjack table, they use data and math to hunt for situations ripe for flipping the house edge in their favor. Then they throw piles of money at it, betting an estimated $10 billion annually.

The Texas lottery play, one of their most ambitious operations ever, paid off spectacularly with a $57.8 million jackpot win. That, in turn, spilled their activities into public view and sparked a Texas-size uproar about whether other lotto players — and indeed the entire state — had been hoodwinked. Early this month, the state's lieutenant governor, Dan Patrick, called the crew's win "the biggest theft from the people of Texas in the history of Texas." In response to written questions addressed to Marantelli and Ranogajec, Glenn Gelband, a New Jersey lawyer who represents the limited partnership that claimed the Texas prize, said "all applicable laws, rules and regulations were followed...."

Lottery officials and state lawmakers have taken steps to prevent a repeat.
The article also looks at a group of Princeton University graduates calling themselves Black Swan Capital that's "won millions in recent years" by targetting state lottery drawings with unusually favorable odds.

"State lottery directors say they are seeing more organized efforts to buy lottery tickets in bulk," according to the article, "but that the groups are largely operating legally and transparently..."

America's Justice Department "has shut down its unit that investigates cryptocurrency fraud," reports USA Today.

A Monday night memo from U.S. Deputy Attorney General Todd Blanche said the shut down was "effective immediately." Blanche directed the closure of the National Cryptocurrency Enforcement Team and ordered prosecutors to pivot to investigating transnational criminal organizations and terrorist groups that use crypto to engage in illicit transactions... In his four-page memo, Blanche said the new order was meant to bring the Justice Department in line with Trump's own Executive Order 14178, which decreed that clarity and certainty regarding enforcement policy "are essential to supporting a vibrant and inclusive digital economy and innovation in digital assets." Blanche, one of several Trump criminal defense lawyers at the top ranks of DOJ, said the president "has also made clear that '[w]e are going to end the regulatory weaponization against digital assets'..."

Consistent with that narrowing of its cryptocurrency enforcement policy, the DOJ Market Integrity and Major Frauds Unit will also cease cryptocurrency enforcement to focus on other administration priorities, including immigration and procurement fraud, Blanche said.
The Washington Post got this assessment from Yesha Yadav, a Vanderbilt University law professor who closely follows cryptocurrency and financial markets. "It's hard to underestimate the importance this task force has had ... in pursuing some really huge crypto hacks and cases."

More from USA Today: Public corruption and transnational crime experts warned that shutting down the unit could divert critical resources from efforts to stop criminals and corrupt regimes from using cryptocurrency for illicit gain, even as Trump claims he wants to crack down on them. "Dangerous US adversaries rely on cryptocurrencies to launder money and evade sanctions," said Nate Sibley, an anti-corruption expert and director of the Kleptocracy Initiative at the conservative Hudson Institute think tank in Washington, D.C., in a post on X. "If this is accurate, hard to see how it squares with — for example-cracking down on cartel finances or maximum pressure sanctions on Iran...."

Trump's so-called "memecoin" surged from less than $10 on the Saturday before his inauguration to as high as $74.59 before eventually giving up some of its gains. The token, branded $TRUMP, has been criticized by ethics experts as a conflict of interest for the president since the company could likely benefit from his pro-crypto policies...

Last month, Trump signed an order to create a federal Strategic Bitcoin Reserve, signaling new federal support for cryptocurrency in general and Bitcoin in particular.
Since the first-ever White House crypto summit in March, America's Securities and Exchange Commission "has dropped more than a dozen cases against crypto firms," notes the Washington Post: Last month, both the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency pledged to stop evaluating banks based on "reputational risk" — a practice that some venture capitalists have claimed unfairly "de-banked" founders of cryptocurrency start-ups.
In other news, executives from cryptocurrency exchange Binance "met with Treasury Department officials last month," reports the Wall Street Journal, asking them to remove a U.S. monitor overseeing their compliance with anti-money-laundering laws, according to people familiar with the talks.

The article adds that Binance is also concurrently "exploring" a deal with the Trump family to list its new dollar-pegged stablecoin which "could catapult it into a huge market and potentially bring in billions in profit for the family. "

People "are likely to continue working full-time even if they receive no-strings-attached universal basic income payments," reports CNN, citing results from a recent experiment in Germany (discussed on Slashdot in 2020): Mein Grundeinkommen (My Basic Income), the Berlin-based non-profit that ran the German study, followed 122 people for three years. From June 2021 to May 2024, this group received an unconditional sum of €1,200 ($1,365) per month. The study focused on people aged between 21 and 40 who lived alone and already earned between 1,100 euros (around $1,250) and 2,600 euros ($2,950) a month. They were free to use the extra money from the study on anything they wanted. Over the course of three years, the only condition was that they had to fill out a questionnaire every six months that asked about different areas of their lives, including their financial situation, work patterns, mental well-being and social engagement.

One concern voiced by critics is that receiving a basic income could make people less inclined to work. But the Grundeinkommen study suggests that may not be the case at all. It found that receiving a basic income was not a reason for people to quit their jobs. On average, study participants worked 40 hours a week and stayed in employment — identical to the study's control group, which received no payment. "We find no evidence that people love doing nothing," Susann Fiedler, a professor at the Vienna University of Economics and Business who was involved with the study, said on the study's website.

Unlike the control group, those receiving a basic income were more likely to change jobs or enroll in further education. They reported greater satisfaction in their working life — and were "significantly" more satisfied with their income...

And can more money buy happiness? According to the study, the recipients of a basic income reported feeling that their lives were "more valuable and meaningful" and felt a clear improvement in their mental health.

Skype is shutting down after two decades on May 5th, notes the Washington Post.

But the bigger problem for retired attorney Karen Griffin is that Microsoft won't refund the money they paid into a Skype account for cheap international phone calls: "They're no longer offering this service that I prepaid for, and now they're not giving me my money back," Griffin said. "There's a lot of people out there who are going to lose money...."

To its credit, Microsoft gave Skype users a couple months' warning about the shutdown coming May 5. People can transfer Skype contacts and chat history to the company's Microsoft Teams chat-and-calling app or to other companies' services. (While Microsoft sells Teams to organizations, there's a free version for personal use.) But Microsoft didn't explain well what will happen to money that people like Griffin have parked in Skype accounts, in some cases for years.... Unless you bought Skype credits very recently, Microsoft said it won't refund money in Skype accounts. The company says it will add an option for Skype account holders to keep using their funds for phone calls online or in Teams.

Griffin doesn't love what Microsoft is doing. She prefers a cash refund or a credit applied to her Microsoft Office subscription, for which she pays about $110 a year. Amit Fulay, vice president of product for Skype and Teams, said it's not possible to shift funds from a Skype account to Office subscriptions. And he nixed refunds because Microsoft will still offer basic call services for former Skype customers. "Refunds make more sense if you took away something," Fulay said. "We're not." Microsoft declined to say how much money Skype users collectively have sitting in accounts that they might never use.

Stacey Higginbotham, a policy specialist with Consumer Reports' technology advocacy team, said Griffin is making a reasonable request for a rich company like Microsoft that's shutting down an internet service. "The best way: Give people their money back. The second-best way, give people a credit to all of your services," Higginbotham said.

Abstract of a paper on NBER: There is much disagreement about the extent to which financial incentives motivate study participants. We elicit preferences for being paid for completing a survey, including a one-in-twenty chance of winning a $100 electronic gift card, a guaranteed electronic gift card with the same expected value, and an option to refuse payment. More than twice as many participants chose the lottery as chose the guaranteed payment. Given that most people are risk averse, this pattern suggests that factors beyond risk preferences -- such as hassle costs -- influenced their decision-making. Almost 20 percent of participants actively refused payment, demonstrating low monetary motivation. We find both systematic and unobserved heterogeneity in the characteristics of who turned down payment. The propensity to refuse payment is more than four times as large among individuals 50 and older compared to younger individuals, suggesting a tradeoff between financially motivating participants and obtaining a representative sample. Overall, our results suggest that modest electronic gift card payments violate key requirements of Vernon Smith's induced value theory.