"For several years, thousands more high-earning, well-educated workers have left California than have moved in," reports the Los Angeles Times: Even though California has experienced lopsided out-migration for decades, the financial blow has been cushioned by the kinds of people moving into the state: The newcomers were generally better educated and earned more money than those who left. Not now: That long-standing trend has reversed...

The reversal, largely in response to the state's high taxes and soaring cost of living, has begun to damage California's overall economy. And, by cutting into tax revenues, has delivered punishing blows to state and local governments. State budget analysts recently projected a record $68 billion deficit in the next fiscal year because of a 25% drop in personal income tax collection in 2023. Some city, county and other local taxing authorities, particularly in the San Francisco Bay Area, have also recorded revenue declines. With investors and high-income taxpayers receiving substantial compensation in the form of stocks, last year's sluggish stock market accounted for a major share of the decline in state income tax revenues. So did layoffs and financial weakness in the tech sector. But rising unemployment in the state and the growing flight of professionals, business operators and others making good salaries were also notable contributors. And those factors will be harder to reverse, at least in the foreseeable future.

"There's a price to pay for the movement of middle- and upper-income people and corporations," said Joel Kotkin, a fellow at Chapman University who has researched the flight from California and the resulting threat to the state's fiscal outlook. "People who are leaving are taking their tax dollars with them."

The accelerating exodus from California in recent years, of both companies and people, has been well documented. The pandemic-induced rise in remote work, inflated housing prices and changing social conditions have spurred more Californians to pull up stakes... Moody's Analytics economist Mark Zandi analyzed moves in and out of California for The Times using Equifax credit data, to zero in on the age of the movers. He found that since the pandemic in early 2020, California has lost residents in every age group, but by a significant margin the biggest net out-migration came from those 35 to 44 years old. "This is probably motivated by the severe housing affordability crisis in California," Zandi said. "It's all but impossible for them to become homeowners in the state."

Eric McGhee, a senior fellow at the Public Policy Institute of California, who has written about demographic trends in migration, thinks the increased loss of higher-educated Californians to other states in recent years can be traced in significant part to the rise of remote work since the pandemic. As more employers call workers back to the office, and the share of fully remote work appears to have settled at around 10% of all employees, McGhee expects the net out-migration from California to slow...

Even if the outflow of residents reverts to pre-pandemic levels, the broader economic climate doesn't bode well for the state's budget and economic outlook, at least in the immediate future. The U.S. economy is slowing, and California's economy is decelerating faster than the nation's, with the state's unemployment rate, most recently at 4.8%, already a full point higher than nationwide.
The article clarifies that "it's not just the sheer numbers of people who have left. What's different is that in each of the prior two years, more than 250,000 Californians with at least a bachelor's degree moved out, while an average of 175,000 college graduates from other states settled in California, according to an analysis of census data by William Frey, a demographer at the Brookings Institution. In prior periods over the last two decades, that balance was about even or slightly in California's favor."

And besides billionaires, "There's been a broader exodus of ordinary Californians in the upper-income spectrum as well. In the tax filing years 2020 and 2021, the average gross income of taxpayers who had moved from California to another state was about $137,000. That was up from $75,000 in 2015 and 2016, according to migration and personal income data from the Internal Revenue Service."

"Remote-work numbers have dwindled over the past few years as employers issue return-to-office mandates," reports USA Today. "But will that continue in 2024?" The numbers started to slide after spring 2020, when more than 60% of days were worked from home, according to data from WFH Research, a scholarly data collection project. By 2023, that number had dropped to about 25% â' much lower than its peak but still a fivefold increase from 5% in 2019. But work-from-home numbers have held steady throughout most of 2023. And according to remote-work experts, they're expected to rebound in the years to come as companies adjust to work-from-home trends. "Return-to-office died in '23," said Nick Bloom, an economics professor at Stanford University and work-from-home expert. "There's a tombstone with 'RTO' on it...."

Though a number of companies issued return-to-work mandates this year, most are allowing employees to work from home at least part of the week. That makes 2024 the year for employers to figure out the hybrid model. "We're never going to go back to a five-days-in-the-office policy," said Stephan Meier, professor of business at Columbia University. "Some employers are going to force people to come back, but I think over the next year, more and more firms will actually figure out how to manage hybrid well." Thirty-eight percent of companies require full-time in-office work, down from 39% one quarter ago and 49% at the start of the year, according to software firm Scoop Technologies...

[Stanford economics professor] Bloom called remote-work numbers in 2023 "pancake-flat." Yes, large companies like Meta and Zoom made headlines by ordering workers back to the office. But, Bloom said, just as many other companies were quietly reducing office attendance to cut costs.
Bloom thinks holograms and VR devices are possible within five years. "In the long run, the thing that really matters is technology."

One paper estimates that currently 37% of America's jobs can be done entirely at home, according to the article, and ZipRecruiter's chief economist seems to agree, predicting as much as 33% America's work days will eventually be completed from home. "I think the numbers will gradually go up as this becomes more of an accepted norm as future generations grow up with it being so widely available, and as the technology for for doing it gets better."

And the article notes that the ZipRecruiter economist sees another factor fueling the trend. "Reluctant leaders aging out of the workforce will help, too, she said."

After losing more than $5 billion in the past year, the world's largest traditional entertainment companies -- Disney, Warner Bros Discovery, Comcast and Paramount -- are contemplating cuts and possible mergers to ultimately help better compete with Netflix. The Financial Times reports (via Ars Technica): Shari Redstone, Paramount's billionaire controlling shareholder, has effectively put the company on the block in recent weeks. She has held talks about selling the Hollywood studio to Skydance, the production company behind Top Gun: Maverick, people familiar with the matter say. Paramount chief executive Bob Bakish also discussed a possible combination over lunch with Warner CEO David Zaslav in mid-December. In both cases the discussions were said to be at an early stage and people familiar with the talks cautioned that a deal might not materialize.

Beyond their streaming losses, the traditional media groups are facing a weak advertising market, declining television revenues and higher production costs following the Hollywood strikes. Rich Greenfield, an analyst at LightShed Partners, said Paramount's deal discussions were a reflection of the "complete and utter panic" in the industry. "TV advertising is falling far short, cord-cutting is continuing to accelerate, sports costs are going up and the movie business is not performing," he said. "Everything is going wrong that can go wrong. The only thing [the companies] know how to do to survive is try to merge and cut costs." But as the traditional media owners struggle, Netflix, the tech group that pioneered the streaming model over a decade ago, has emerged as the winner of the battle to reshape video distribution. "For much of the past four years, the entertainment industry spent money like drunken sailors to fight the first salvos of the streaming wars," analyst Michael Nathanson wrote in November. "Now, we are finally starting to feel the hangover and the weight of the unpaid bar bill." For companies that have been trying to compete with Netflix, Nathanson added, "the shakeout has begun."

After a bumpy 2022, Netflix has set itself apart from rivals -- most notably by being profitable. Earnings for its most recent quarter soared past Wall Street's expectations as it added 9 million new subscribers -- the strongest rise since early 2020, when Covid-19 lockdowns led to a jump. "Netflix has pulled away," says John Martin, co-founder of Pugilist Capital and former chief executive of Turner Broadcasting. For its rivals, he said, the question is "how do you create a viable streaming service with a viable business model? Because they're not working." The leading streaming services aggressively raised prices in 2023. Now, analysts, investors and executives predict that consolidation could be ahead next year as some of the smaller services combine or bow out of the streaming wars.

An anonymous reader quotes a report from the Associated Press: Social media companies collectively made over $11 billion in U.S. advertising revenue from minors last year, according to a study from the Harvard T.H. Chan School of Public Health published on Wednesday. The researchers say the findings show a need for government regulation of social media since the companies that stand to make money from children who use their platforms have failed to meaningfully self-regulate. They note such regulations, as well as greater transparency from tech companies, could help alleviate harms to youth mental health and curtail potentially harmful advertising practices that target children and adolescents.

To come up with the revenue figure, the researchers estimated the number of users under 18 on Facebook, Instagram, Snapchat, TikTok, X (formerly Twitter) and YouTube in 2022 based on population data from the U.S. Census and survey data from Common Sense Media and Pew Research. They then used data from research firm eMarketer, now called Insider Intelligence, and Qustodio, a parental control app, to estimate each platform's U.S. ad revenue in 2022 and the time children spent per day on each platform. After that, the researchers said they built a simulation model using the data to estimate how much ad revenue the platforms earned from minors in the U.S. The platforms themselves don't make public how much money they earn from minors. [...]

According to the Harvard study, YouTube derived the greatest ad revenue from users 12 and under ($959.1 million), followed by Instagram ($801.1 million) and Facebook ($137.2 million). Instagram, meanwhile, derived the greatest ad revenue from users aged 13-17 ($4 billion), followed by TikTok ($2 billion) and YouTube ($1.2 billion). The researchers also estimate that Snapchat derived the greatest share of its overall 2022 ad revenue from users under 18 (41%), followed by TikTok (35%), YouTube (27%), and Instagram (16%). "As concerns about youth mental health grow, more and more policymakers are trying to introduce legislation to curtail social media platform practices that may drive depression, anxiety, and disordered eating in young people," said senior author Bryn Austin, professor in the Department of Social and Behavioral Sciences. "Although social media platforms may claim that they can self-regulate their practices to reduce the harms to young people, they have yet to do so, and our study suggests they have overwhelming financial incentives to continue to delay taking meaningful steps to protect children."

Web software firm 37Signals has migrated off the cloud after spending $3.2 million on Amazon Web Services last year, said co-founder David Heinemeier Hansson, who is also the creator of Ruby on Rails. The Basecamp project management software-maker bought $600,000 of Dell servers and expects to save over $7 million in five years by running operations in-house. From a report: DHH likened clouds to "merchants of complexity" where they are incentivized to make things as complex as possible to keep customers hooked. He compared that to the original Internet, which was not built on complex cloud services geared for multi-tenancy, but rather on simpler tools such as Linux and PHP, which anyone could use without cost. This is not to say cloud has zero value for all use cases, [Kelsey] Hightower and DHH agreed.

Clouds make perfect sense in many cases, for start-ups that do not know how much infrastructure they will need, and also for enterprises with a lack of expertise and money to burn. For many companies in the middle, though a lot of profit margin can be recovered by reducing cloud costs and running things in-house instead, the two argued.

Financial Intelligence Unit, an Indian government agency which scrutinizes financial transactions, said Thursday nine global crypto exchanges -- including Binance, Kraken, Kucoin and Mexc -- are operating "illegally" in the country without complying with the local anti-money laundering act and asked the IT Ministry to block their websites. From a report: FIU said it has issued show cause notices to all nine firms. Global crypto exchanges are required to comply with India's anti-money laundering rules and cannot evade the guidelines just because they don't have physical presence in the country, the government agency said.

An anonymous reader shares a report: The Times is targeting various companies under the OpenAI umbrella, as well as Microsoft, an OpenAI partner that both uses it to power its Copilot service and helped provide the infrastructure for training the GPT Large Language Model. But the suit goes well beyond the use of copyrighted material in training, alleging that OpenAI-powered software will happily circumvent the Times' paywall and ascribe hallucinated misinformation to the Times.

The suit notes that The Times maintains a large staff that allows it to do things like dedicate reporters to a huge range of beats and engage in important investigative journalism, among other things. Because of those investments, the newspaper is often considered an authoritative source on many matters. All of that costs money, and The Times earns that by limiting access to its reporting through a robust paywall. In addition, each print edition has a copyright notification, the Times' terms of service limit the copying and use of any published material, and it can be selective about how it licenses its stories.

In addition to driving revenue, these restrictions also help it to maintain its reputation as an authoritative voice by controlling how its works appear. The suit alleges that OpenAI-developed tools undermine all of that. [...] The suit seeks nothing less than the erasure of both any GPT instances that the parties have trained using material from the Times, as well as the destruction of the datasets that were used for the training. It also asks for a permanent injunction to prevent similar conduct in the future. The Times also wants money, lots and lots of money: "statutory damages, compensatory damages, restitution, disgorgement, and any other relief that may be permitted by law or equity."

Agence France-Press reports: The world of Chinese chess is in uproar over rumors of cheating and a bad behavior scandal that saw the national champion stripped of his title on Monday after a victory celebration ended with him defecating in a hotel bathtub. Xiangqi, or Chinese chess, has been hugely popular for hundreds of years across Asia -- and 48-year-old Yan Chenglong beat dozens of contenders last week to win the title of "Xiangqi King" at a national tournament hosted by the Chinese Xiangqi Association. But his joy was short-lived, with the CXA on Monday announcing that Yan would have his title revoked and prize money confiscated after had been caught "disrupting public order" and displaying "extremely bad character."

The association was also forced to address rumors circulating online that Yan had cheated during the competition by using anal beads equipped with wireless transmitters to send and receive signals. Yan allegedly clenched and unclenched rhythmically to communicate information about the chess board via code to a computer, which then sent back instructions on what moves to make in the form of vibrations, according to reports circulating on the Chinese social site Weibo. "Based on our understanding of the situation, it is currently impossible to prove that Yan engaged in cheating via 'anal beads' as speculated on social media," the CXA said. But he was still stripped of his title and banned from playing for a year after his celebrations went wayward.

"Yan consumed alcohol with others in his room on the night of the 17th, and then he defecated in the bathtub of the room he was staying in on the 18th, in an act that damaged hotel property, violated public order and good morals, had a negative impact on the competition and the event of Xiangqi, and was of extremely bad character," the association said. The association did not disclose the amount of prize money Yan was forfeiting, but Xiangqi tournaments often promise winners tens of thousands of yuan (thousands of dollars).

An anonymous reader quotes a report from The Register: Bruce Perens, one of the founders of the Open Source movement, is ready for what comes next: the Post-Open Source movement. "I've written papers about it, and I've tried to put together a prototype license," Perens explains in an interview with The Register. "Obviously, I need help from a lawyer. And then the next step is to go for grant money." Perens says there are several pressing problems that the open source community needs to address. "First of all, our licenses aren't working anymore," he said. "We've had enough time that businesses have found all of the loopholes and thus we need to do something new. The GPL is not acting the way the GPL should have done when one-third of all paid-for Linux systems are sold with a GPL circumvention. That's RHEL." RHEL stands for Red Hat Enterprise Linux, which in June, under IBM's ownership, stopped making its source code available as required under the GPL. Perens recently returned from a trip to China, where he was the keynote speaker at the Bench 2023 conference. In anticipation of his conversation with El Reg, he wrote up some thoughts on his visit and on the state of the open source software community. One of the matters that came to mind was Red Hat.

"They aren't really Red Hat any longer, they're IBM," Perens writes in the note he shared with The Register. "And of course they stopped distributing CentOS, and for a long time they've done something that I feel violates the GPL, and my defamation case was about another company doing the exact same thing: They tell you that if you are a RHEL customer, you can't disclose the GPL source for security patches that RHEL makes, because they won't allow you to be a customer any longer. IBM employees assert that they are still feeding patches to the upstream open source project, but of course they aren't required to do so. This has gone on for a long time, and only the fact that Red Hat made a public distribution of CentOS (essentially an unbranded version of RHEL) made it tolerable. Now IBM isn't doing that any longer. So I feel that IBM has gotten everything it wants from the open source developer community now, and we've received something of a middle finger from them. Obviously CentOS was important to companies as well, and they are running for the wings in adopting Rocky Linux. I could wish they went to a Debian derivative, but OK. But we have a number of straws on the Open Source camel's back. Will one break it?"

Another straw burdening the Open Source camel, Perens writes, "is that Open Source has completely failed to serve the common person. For the most part, if they use us at all they do so through a proprietary software company's systems, like Apple iOS or Google Android, both of which use Open Source for infrastructure but the apps are mostly proprietary. The common person doesn't know about Open Source, they don't know about the freedoms we promote which are increasingly in their interest. Indeed, Open Source is used today to surveil and even oppress them." Free Software, Perens explains, is now 50 years old and the first announcement of Open Source occurred 30 years ago. "Isn't it time for us to take a look at what we've been doing, and see if we can do better? Well, yes, but we need to preserve Open Source at the same time. Open Source will continue to exist and provide the same rules and paradigm, and the thing that comes after Open Source should be called something else and should never try to pass itself off as Open Source. So far, I call it Post-Open." Post-Open, as he describes it, is a bit more involved than Open Source. It would define the corporate relationship with developers to ensure companies paid a fair amount for the benefits they receive. It would remain free for individuals and non-profit, and would entail just one license. He imagines a simple yearly compliance process that gets companies all the rights they need to use Post-Open software. And they'd fund developers who would be encouraged to write software that's usable by the common person, as opposed to technical experts.

Pointing to popular applications from Apple, Google, and Microsoft, Perens says: "A lot of the software is oriented toward the customer being the product -- they're certainly surveilled a great deal, and in some cases are actually abused. So it's a good time for open source to actually do stuff for normal people." The reason that doesn't often happen today, says Perens, is that open source developers tend to write code for themselves and those who are similarly adept with technology. The way to avoid that, he argues, is to pay developers, so they have support to take the time to make user-friendly applications. Companies, he suggests, would foot the bill, which could be apportioned to contributing developers using the sort of software that instruments GitHub and shows who contributes what to which products. Merico, he says, is a company that provides such software. Perens acknowledges that a lot of stumbling blocks need to be overcome, like finding an acceptable entity to handle the measurements and distribution of funds. What's more, the financial arrangements have to appeal to enough developers. "And all of this has to be transparent and adjustable enough that it doesn't fork 100 different ways," he muses. "So, you know, that's one of my big questions. Can this really happen?" Perens believes that the General Public License (GPL) is insufficient for today's needs and advocates for enforceable contract terms. He also criticizes non-Open Source licenses, particularly the Commons Clause, for misrepresenting and abusing the open-source brand.

As for AI, Perens views it as inherently plagiaristic and raises ethical concerns about compensating original content creators. He also weighs in on U.S.-China relations, calling for a more civil and cooperative approach to sharing technology.

You can read the full, wide-ranging interview here.

The Vision Pro, Apple's first "spatial computing" device that costs $3,499, is expected to have a "late-January/early-February" release date, according to Apple analyst Ming-Chi Kuo. "The analyst says that the first wave of Vision Pros are being shipped to Apple in about a month, with total shipments numbering around 500,000 for the full year," adds TechCrunch. From the report: The company's precise target for the year remains an open-ended question. About a month after the device was revealed, reports suggested that Apple has scaled back expectations from around one million to "fewer than 400,000." Even the updated 500,000 figure is small for a company of Apple's massive size and influence. Keep in mind that the company should be shipping more than 200 million iPhones this calendar year.

The Vision Pro, however, is widely regarded as the biggest gambit of Tim Cook's 12-year tenure as CEO. Not only is it an entirely new category and form factor for the company, it's also prohibitively priced, even for customers accustomed to shelling out extra for apple products. Add to that VR's decades-long failure to live up to expectations, and you've got a big uphill fight on your hands. Kuo refers to Vision Pro as "Apple's most important product of 2024." Given the years of speculation and all the time and money the company has no doubt poured into the headset, it's a tough statement to argue.

AstroForge, a private company, wants to mine a space rock, but it doesn't want the competition to find out which one. From a report: For generations, Western space missions have largely occurred out in the open. We knew where they were going, why they were going there and what they planned to do. But the world is on the verge of a new era in which private interests override such openness, with big money potentially on the line. Sometime in the coming year, a spacecraft from AstroForge, an American asteroid-mining firm, may be launched on a mission to a rocky object near Earth's orbit. If successful, it will be the first wholly commercial deep-space mission beyond the moon. AstroForge, however, is keeping its target asteroid secret.

The secret space-rock mission is the latest in an emerging trend that astronomers and other experts do not welcome: commercial space missions conducted covertly. Such missions highlight gaps in the regulation of spaceflight as well as concerns about whether exploring the cosmos will continue to benefit all humankind. "I'm very much not in favor of having stuff swirling around the inner solar system without anyone knowing where it is," said Jonathan McDowell, an astronomer at the Harvard-Smithsonian Center for Astrophysics in Massachusetts. "It seems like a bad precedent to set." But for AstroForge, the calculation is simple: If it reveals the destination, a competitor may grab the asteroid's valuable metals for itself. "Announcing which asteroid we are targeting opens up risk that another entity could seize that asteroid," said Matt Gialich, AstroForge's chief executive.

Amazon aims to make online car purchases as seamless as getting everyday essentials. But it's not as easy as selling other items. WSJ: Car sales represent Amazon's next bet in e-commerce dominance and come after the Covid-19 pandemic made online car purchases more popular. Amazon executives want to make buying vehicles through its website as simple as purchasing toilet paper or dog food, and the company is looking to strike broad partnerships with carmakers. The company is set to face several challenges in expanding the program beyond a pilot phase for employees starting early next year: One is dealerships, which remain at the center of most new-car sales and depend on service revenue for profit incentives. A second will be trying to get customers who visit its website mainly for lower-priced items to turn to the platform for one of the biggest purchases of their lives. Amazon also will have to navigate different government regulations.

"Customers tell us it's really hard to buy a car," Fan Jin, Amazon's director of vehicle sales, said in an interview. Vehicle-buying software is fragmented, with dealers using a range of software providers. Varying regulations across states also make it difficult. "It's a process that we've heard time and again could use improvement, and we have an opportunity to go and prove it," she said. When the new service launches later next year, Amazon said shoppers will be able to complete every step of the car-buying process through its website. Only new Hyundai vehicles will be available at the start. Consumers will have different financing options, but the company said it is still working through details. Eventually, Amazon wants to expand to trade-in vehicles and used cars. Many dealers might be loath to accept a high volume of online sales because they make a significant amount of money on service and warranty deals that customers agree to when they finance a car purchase.

theodp writes: Back in May 2021, tech-backed nonprofit Code.org touted the signing of a licensing agreement with WhiteHat Jr., allowing the edtech company with a controversial past (Whitehat Jr. was bought for $300M in 2020 by Byju's, an edtech firm that received a $50M investment from Mark Zuckerberg's venture firm) to integrate Code.org's free-to-educators-and-organizations content and tools into their online tutoring service. Code.org did not reveal what it was charging Byju's to use its "free curriculum and open source technology" for commercial purposes, but Code.org's 2021 IRS 990 filing reported $1M in royalties from an unspecified source after earlier years reported $0. Coincidentally, Whitehat Jr. is represented by Aaron Kornblum, who once worked at Microsoft for now-President Brad Smith, who left Code.org's Board just before the lawsuit was filed.

Fast forward to 2023 and the bloom is off the rose, as Court records show that Code.org earlier this month sued Whitehat Education Technology, LLC (Exhibits A and B) in what is called "a civil action for breach of contract arising from Whitehat's failure to pay Code.org the agreed-upon charges for its use of Code.org's platform and licensed content and its ongoing, unauthorized use of that platform and content." According to the filing, "Whitehat agreed [in April 2022] to pay to Code.org licensing fees totaling $4,000,000 pursuant to a four-year schedule" and "made its first four scheduled payments, totaling $1,000,000," but "about a year after the Agreement was signed, Whitehat informed Code.org that it would be unable to make the remaining scheduled license payments." While the original agreement was amended to backload Whitehat's license fee payment obligations, "Whitehat has not paid anything at all beyond the $1,000,000 that it paid pursuant to the 2022 invoices before the Agreement was amended" and "has continued to access Code.org's platform and content."

That Byju's Whitehat Jr. stiffed Code.org is hardly shocking. In June 2023, Reuters reported that Byju's auditor Deloitte cut ties with the troubled Indian Edtech startup that was once an investor darling and valued at $22 billion, adding that a Byju's Board member representing the Chan-Zuckerberg Initiative had resigned with two other Board members. The BBC reported in July that Byju's was guilty of overexpanding during the pandemic (not unlike Zuck's Facebook). Ironically, the lawsuit Exhibits include screenshots showing Mark Zuckerberg teaching Code.org lessons. Zuckerberg and Facebook were once among the biggest backers of Code.org, although it's unclear whether that relationship soured after court documents were released that revealed Code.org's co-founders talking smack about Zuck and Facebook's business practices to lawyers for Six4Three, which was suing Facebook.

Code.org's curriculum is also used by the Amazon Future Engineer (AFE) initiative, but it is unclear what royalties -- if any -- Amazon pays to Code.org for the use of Code.org curriculum. While the AFE site boldly says, "we provide free computer science curriculum," the AFE fine print further explains that "our partners at Code.org and ProjectSTEM offer a wide array of introductory and advance curriculum options and teacher training." It's unclear what kind of organization Amazon's AFE ("Computer Science Learning Childhood to Career") exactly is -- an IRS Tax Exempt Organization Search failed to find any hits for "Amazon Future Engineer" -- making it hard to guess whether Code.org might consider AFE's use of Code.org software 'commercial use.' Would providing a California school district with free K-12 CS curriculum that Amazon boasts of cultivating into its "vocal champion" count as "commercial use"? How about providing free K-12 CS curriculum to children who live where Amazon is seeking incentives? Or if Amazon CEO Jeff Bezos testifies Amazon "funds computer science coursework" for schools as he attempts to counter a Congressional antitrust inquiry? These seem to be some of the kinds of distinctions Richard Stallman anticipated more than a decade ago as he argued against a restriction against commercial use of otherwise free software.

Nigeria's central bank has lifted a ban on transacting in cryptocurrencies, while saying global trends had shown a need to regulate such activities, the bank said in its latest circular. From a report: The Central Bank of Nigeria (CBN) in Feb. 2021 barred banks and financial institutions from dealing in or facilitating transactions in crypto assets, citing money laundering and terrorism financing risks. Subsequently Nigeria's Securities and Exchange Commission (SEC) in May last year published regulations for digital assets that signalled Africa's most populous country was trying to find a middle ground between an outright ban on crypto assets and their unregulated use.

In a circular dated Dec. 22, the CBN said current trends globally have shown there is a need to regulate the activities of virtual asset service providers (VASPs), which include cryptocurrencies and crypto assets. The latest guidelines spell out how banks and financial institutions (FI) should open accounts, provide designated settlement accounts and settlement services and act as channels for forex inflows and trade for firms transacting in crypto assets. VASPs would need to be licensed by the Nigerian SEC to engage in the crypto business.

Occupations with the highest share of workers older than 65 have changed little, data from the past seven decades show. Bloomberg Businessweek: Americans may dream about being able to go off the clock when they reach retirement age, but a good number simply can't or won't. We compiled data on the occupations with the highest share of workers older than 65, going back seven decades. The job types held remarkably steady over the decades (farmers, tailors and clergy). A few faded out of the data with time -- blacksmiths, furriers and household washers, for instance. The data can't fully tell us why people in some professions keep at it longer than others. But we know they're largely low-paying jobs, which means workers have likely struggled to put aside money for retirement.

The Biden administration has spent much of the last two years bracing key U.S. networks and infrastructure against crippling cyberattacks from Russia, Iran and China. But it is following a different playbook as it ramps up its efforts to thwart digital threats from North Korea: Follow the crypto -- and stop it. From a report: Convinced North Korea primarily sees hacking as a way to funnel money back to the cash-strapped Kim Jong Un regime, the White House has focused on blocking the country's ability to launder the cryptocurrency it steals through its cyberattacks. In the last year, the administration has unveiled a flurry of sanctions against North Korean hacking groups, front companies and IT workers, and blacklisted multiple cryptocurrency services they use to launder stolen funds. Earlier this month, national security adviser Jake Sullivan announced a new partnership with Japan and South Korea aimed at cracking down on Pyongyang's crypto bonanza -- thereby choking off money to its nuclear and conventional weapons programs.

"In countering North Korean cyber operations, our first priority has been focusing on their crypto heists," Anne Neuberger, the National Security Council's top cybersecurity official, said in an interview. The stepped-up effort to blunt North Korea's cyber operations is fueled by growing alarm about where the fruits of those attacks are going, Neuberger said. Hacking, she argued, has enabled North Korea to "either evade sanctions or evade the steps the international community has taken to target their weapons proliferation ... their missile regime, and the growth in the number of launches we've seen."

An anonymous reader shared this report from Fast Company: Providers of critical infrastructure in the United States are doing a sloppy job of defending against cyber intrusions, the National Security Council tells Fast Company, pointing to recent Iran-linked attacks on U.S. water utilities that exploited basic security lapses [earlier this month]. The security council tells Fast Company it's also aware of recent intrusions by hackers linked to China's military at American infrastructure entities that include water and energy utilities in multiple states.

Neither the Iran-linked or China-linked attacks affected critical systems or caused disruptions, according to reports.

"We're seeing companies and critical services facing increased cyber threats from malicious criminals and countries," Anne Neuberger, the deputy national security advisor for cyber and emerging tech, tells Fast Company. The White House had been urging infrastructure providers to upgrade their cyber defenses before these recent hacks, but "clearly, by the most recent success of the criminal cyberattacks, more work needs to be done," she says... The attacks hit at least 11 different entities using Unitronics devices across the United States, which included six local water facilities, a pharmacy, an aquatics center, and a brewery...

Some of the compromised devices had been connected to the open internet with a default password of "1111," federal authorities say, making it easy for hackers to find them and gain access. Fixing that "doesn't cost any money," Neuberger says, "and those are the kinds of basic things that we really want companies urgently to do." But cybersecurity experts say these attacks point to a larger issue: the general vulnerability of the technology that powers physical infrastructure. Much of the hardware was developed before the internet and, though they were retrofitted with digital capabilities, still "have insufficient security controls," says Gary Perkins, chief information security officer at cybersecurity firm CISO Global. Additionally, many infrastructure facilities prioritize "operational ease of use rather than security," since many vendors often need to access the same equipment, says Andy Thompson, an offensive cybersecurity expert at CyberArk. But that can make the systems equally easy for attackers to exploit: freely available web tools allow anyone to generate lists of hardware connected to the public internet, like the Unitronics devices used by water companies.

"Not making critical infrastructure easily accessible via the internet should be standard practice," Thompson says.

"Reddit CEO Steve Huffman says that he stands by the company's decision to charge for API access," writes the blog 9to5Mac, "despite the fact that it was massively unpopular, and led to the demise of the leading Reddit app, Apollo." In an interview with FastCo, Huffman is unrepentant about the API decision, but says it could have been better communicated... "[H]e defended the company's decision to limit free access to its API as a necessary measure to foil AI-training freeloaders. 'Reddit is an open platform, and we love that,' he told me. 'At the same time, we have been taken advantage of by some of the largest companies in the world.'"
The incident ended up reappearing in Reddit's own "recap" pages showing highlights from its popular subreddits. For its Technology subreddit, the official recap shows that two most popular posts were "Apollo for Reddit is shutting down" and "Reddit sparks outrage after a popular app developer said it wants him to pay $20 million a year for data access."

And Reddit's official recap also shows that discussion leading to the second-most popular comment of the entire year for the subreddit. "Users supply all the content, and reddit turns around with this huge fuck you to its users, without whom it's just another crappy link aggregator. No, reddit, fuck you and your money grab."

The first most-popular comment appeared in a related discussion, headlined "Reddit Threatens to Remove Moderators From Subreddits Continuing Apollo-Related Blackouts." The comment?

Reddit: You're fired!
Moderator: I don't even work here.

The topic also dominated the official recap for the Programming subreddit, where it was the subject of all three of the top comments — and all three of the year's top posts:

Ironically, FastCo headlined its interview "As the AI era begins, Reddit is leaning into its humanity." ("Rebellious moderators. Large language models' peril and promise. Maybe a long-awaited IPO. Amid it all, Reddit CEO Steve Huffman says the web megacommunity is on a roll.") Other work has addressed concerns that bubbled to the surface during the moderator dust-up, such as accessibility issues: "I told the team, 'Just show up and ship,'" Huffman says. The official Reddit apps are finally compatible with screen readers used by users with vision impairments, with full compliance with the World Wide Web Consortium's accessibility guidelines planned by the end of 2024.

As for AI's potential to transform the Reddit experience, Huffman is less prone to exuberant overpromising than the average tech company CEO. But the same attributes that led third-party assemblers of large language models to crave access to the company's corpus of information could help it leverage the technology to its own benefit... Rather than involving the most obvious AI functionality, like a Reddit chatbot, the examples he provides relate to moderation of problem content. For instance, the latitude that individual moderators have to govern their communities means that they can set rules that Huffman describes as "sometimes strict and sometimes esoteric." Newbies may run afoul of them by accident and have their posts yanked just as they're trying to join the conversation. In response, Reddit is currently prototyping an AI-powered feature called "post guidance." It'll flag rule-violating material before it's ever published: "The new user gets feedback, and the mod doesn't have to deal with it," says Huffman. He adds that Reddit will also use AI to crack down on willful bad behavior, such as bullying and hate speech, and that he expects progress on that front in 2024...

Members already engage in acts of commerce such as tipping Photoshop wizards to remove ex-boyfriends from images; he says the company plans to facilitate these transactions with a payment system "that will basically involve users sending money to users, whether it's rewarding them for content or paying for digital services or digital goods or [physical] services." "People are trying to start businesses on Reddit, but it wasn't really built for that," he adds. "So just trying to flesh out that ecosystem, I think that'll be very powerful."

According to Bloomberg (paywalled), OpenAI is in early talks to raise a fresh round of funding at a valuation at or above $100 billion. Reuters reports: The terms, valuation and timing of the funding round have not yet been finalized and could still change, the report added. OpenAI has also held discussions to raise funding for a new chip venture with Abu Dhabi-based G42, according to the report. If the valuation holds, the report notes that it would make OpenAI the second-most valuable U.S. startup behind Elon Musk's SpaceX.