Businesses

US Postal Service Warns Rural Mail Carriers: Don't Publicly Blame Delays on Amazon (msn.com) 119

15,279 people live in the rural Minnesota town of Bemidji. But now mail carriers there, "overwhelmed by Amazon packages, say they've been warned not to use the word 'Amazon,' including when customers ask why the mail is delayed," reports the Washington Post: "We are not to mention the word 'Amazon' to anyone," said a mail carrier who spoke on the condition of anonymity to protect their job. "If asked, they're to be referred to as 'Delivery Partners' or 'Distributors,'" said a second carrier. "It's ridiculous." The directive, passed down Monday morning from U.S. Postal Service management, comes three weeks after mail carriers in the northern Minnesota town staged a symbolic strike outside the post office, protesting the heavy workloads and long hours caused by the sudden arrival of thousands of Amazon packages...

In addition to being banned from saying "Amazon," postal workers have also been told their jobs could be at risk if they speak publicly about post office issues. Staffers were told they could attend Tuesday's meeting only on their 30-minute lunch break if they changed out of uniform, mail carriers said. One mail carrier said he'd been warned there could be "consequences" for those who showed up.

Postal customers in Bemidji have been complaining about late and missing mail since the beginning of November, when the contract for delivering Amazon packages in town switched from UPS to the post office. Mail carriers told The Post last month that they were instructed to deliver packages before the mail, leaving residents waiting for tax rebates, credit card statements, medical documents and checks...

The post office has held a contract to deliver Amazon packages on Sundays since 2013. The agency, which has lost $6.5 billion in the past year, has said that it's crucial to increase package volume by cutting deals with Amazon and other retailers.

Tuesday the town's mayor held a listening session for the state's two senators with Bemidji residents, whose complaints included "missing medications and late bills resulting in fees." Senator Amy Klobuchar later told the Post that "We need a very clear commitment that we're not going to be prioritizing Amazon packages over regular mail," promising to explore improving postal staffing and pay for rural carriers. On Monday, the Minnesota senators introduced a bill called the Postal Delivery Accountability Act, which would require the post office to improve tracking and reporting of delayed and undelivered mail nationally.
Businesses

Before Sam Altman's Ouster, OpenAI's Leaders Were Warned of Abusive Behavior (msn.com) 64

"This fall, a small number of senior leaders approached the board of OpenAI with concerns about chief executive Sam Altman," the Washington Post reported late Friday: Altman — a revered mentor, and avatar of the AI revolution — had been psychologically abusive, the employees alleged, creating pockets of chaos and delays at the artificial-intelligence start-up, according to two people familiar with the board's thinking who spoke on the condition of anonymity to discuss sensitive internal matters. The company leaders, a group that included key figures and people who manage large teams, mentioned Altman's allegedly pitting employees against each other in unhealthy ways, the people said.

Although the board members didn't use the language of abuse to describe Altman's behavior, these complaints echoed some of their interactions with Altman over the years, and they had already been debating the board's ability to hold the CEO accountable. Several board members thought Altman had lied to them, for example, as part of a campaign to remove board member Helen Toner after she published a paper criticizing OpenAI, the people said.

The new complaints triggered a review of Altman's conduct during which the board weighed the devotion Altman had cultivated among factions of the company against the risk that OpenAI could lose key leaders who found interacting with him highly toxic. They also considered reports from several employees who said they feared retaliation from Altman: One told the board that Altman was hostile after the employee shared critical feedback with the CEO and that he undermined the employee on that person's team, the people said...

The complaints about Altman's alleged behavior, which have not previously been reported, were a major factor in the board's abrupt decision to fire Altman on Nov. 17, according to the people. Initially cast as a clash over the safe development of artificial intelligence, Altman's firing was at least partially motivated by the sense that his behavior would make it impossible for the board to oversee the CEO.

Bloomberg reported Friday: The board had heard from some senior executives at OpenAI who had issues with Altman, said one person familiar with directors' thinking. But employees approached board members warily because they were scared of potential repercussions of Altman finding out they had spoken out against him, the person said.
Two other interesting details from the Post's article:
  • While over 95% of the company's employees signed an open letter after Altman's firing demanding his return, "On social media, in news reports and on the anonymous app Blind, which requires members to sign up with a work email address to post, people identified as current OpenAI employees also described facing intense peer pressure to sign the mass-resignation letter."
  • The Post also spotted "a cryptic post" on X Wednesday from OpenAI co-founder and chief scientist Ilya Sutskever about lessons learned over the past month: "One such lesson is that the phrase 'the beatings will continue until morale improves' applies more often than it has any right to,'" (The Post adds that "The tweet was quickly deleted.")

The Post also reported in November that "Before OpenAI, Altman was asked to leave by his mentor at the prominent start-up incubator Y Combinator, part of a pattern of clashes that some attribute to his self-serving approach."


Patents

White House Threatens Patents of High-Priced Drugs (apnews.com) 151

The Biden administration is threatening to cancel the patents of some costly medications to allow rivals to make their own more affordable versions. The Associated Press reports: Under a plan announced Thursday, the government would consider overriding the patent for high-priced drugs that have been developed with the help of taxpayer money and letting competitors make them in hopes of driving down the cost. In a 15-second video released to YouTube on Wednesday night, President Joe Biden promised the move would lower prices. "Today, we're taking a very important step toward ending price gouging so you don't have to pay more for the medicine you need," he said.

White House officials would not name drugs that might potentially be targeted. The government would consider seizing a patent if a drug is only available to a "narrow set of consumers," according to the proposal that will be open to public comment for 60 days. Drugmakers are almost certain to challenge the plan in court if it is enacted. [...] The White House also intends to focus more closely on private equity firms that purchase hospitals and health systems, then often whittle them down and sell quickly for a profit. The departments of Justice and Health and Human Services, and the Federal Trade Commission will work to share more data about health system ownership.

While only a minority of drugs on the market relied so heavily on taxpayer dollars, the threat of a government "march-in" on patents will make many pharmaceutical companies think twice, said Jing Luo, a professor of medicine at University of Pittsburgh. "If I was a drug company that was trying to license a product that had benefited heavily from taxpayer money, I'd be very careful about how to price that product," Luo said. "I wouldn't want anyone to take my product away from me."

Space

The Extremely Large Telescope Will Transform Astronomy (economist.com) 35

The Extremely Large Telescope (ELT) under construction in Chile's Atacama Desert will be the world's biggest optical telescope when completed in 2028. With a giant 39.3-meter main mirror and advanced adaptive optics, the ELT will collect far more light and achieve much sharper images than any existing ground-based telescope, revolutionizing the study of exoplanets, black holes, dark matter, and the early universe. Economist adds: But when it comes to detecting the dimmest and most distant objects, there is no substitute for sheer light-gathering size. On that front the ELT looks like being the final word for the foreseeable future. A planned successor, the "Overwhelmingly Large Telescope," would have sported a 100-metre mirror. But it was shelved in the 2000s on grounds of complexity and cost. The Giant Magellan Telescope is currently being built several hundred kilometres south of the elt on land owned by the Carnegie Institution for Science, an American non-profit, and is due to see its first light some time in the 2030s. It will combine seven big mirrors into one giant one with an effective diameter of 25.4 metres. Even so, it will have only around a third the light-gathering capacity of the ELT.

A consortium of scientists from America, Canada, India and Japan, meanwhile, has been trying to build a mega-telescope on Hawaii. The Thirty Meter Telescope would, as its name suggests, be a giant -- though still smaller than the elt. But it is unclear when, or even if, it will be finished. Construction has been halted by arguments about Mauna Kea, the mountain on which it is to be built, which is seen as sacred by some. For the next several decades, it seems, anyone wanting access to the biggest telescope money can buy will have to make their way to northern Chile.

Technology

How Tech Giants Use Money, Access To Steer Academic Research (washingtonpost.com) 19

Tech giants including Google and Facebook parent Meta have dramatically ramped up charitable giving to university campuses over the past several years -- giving them influence over academics studying such critical topics as artificial intelligence, social media and disinformation. From a report: Meta CEO Mark Zuckerberg alone has donated money to more than 100 university campuses, either through Meta or his personal philanthropy arm, according to new research by the Tech Transparency Project, a nonprofit watchdog group studying the technology industry. Other firms are helping fund academic centers, doling out grants to professors and sitting on advisory boards reserved for donors, researchers told The Post.

Silicon Valley's influence is most apparent among computer science professors at such top-tier schools as Berkeley, University of Toronto, Stanford and MIT. According to a 2021 paper by University of Toronto and Harvard researchers, most tenure-track professors in computer science at those schools whose funding sources could be determined had taken money from the technology industry, including nearly 6 of 10 scholars of AI. The proportion rose further in certain controversial subjects, the study found. Of 33 professors whose funding could be traced who wrote on AI ethics for the top journals Nature and Science, for example, all but one had taken grant money from the tech giants or had worked as their employees or contractors.

AI

Maybe We Already Have Runaway Machines 45

A new book argues that the invention of states and corporations has something to teach us about A.I. But perhaps it's the other way around. From a report: One of the things that make the machine of the capitalist state work is that some of its powers have been devolved upon other artificial agents -- corporations. Where [David] Runciman (a professor of politics at Cambridge) compares the state to a general A.I., one that exists to serve a variety of functions, corporations have been granted a limited range of autonomy in the form of what might be compared to a narrow A.I., one that exists to fulfill particular purposes that remain beyond the remit or the interests of the sovereign body.

Corporations can thus be set up in free pursuit of a variety of idiosyncratic human enterprises, but they, too, are robotic insofar as they transcend the constraints and the priorities of their human members. The failure mode of governments is to become "exploitative and corrupt," Runciman notes. The failure mode of corporations, as extensions of an independent civil society, is that "their independence undoes social stability by allowing those making the money to make their own rules."

There is only a "narrow corridor" -- a term Runciman borrows from the economists Daron Acemoglu and James A. Robinson -- in which the artificial agents balance each other out, and citizens get to enjoy the sense of control that emerges from an atmosphere of freedom and security. The ideal scenario is, in other words, a kludgy equilibrium.
Businesses

From Unicorns To Zombies: Tech Startups Run Out of Time and Money (nytimes.com) 59

After staving off collapse by cutting costs, many young tech companies are out of options, fueling a cash bonfire. From a report: WeWork raised more than $11 billion in funding as a private company. Olive AI, a health care start-up, gathered $852 million. Convoy, a freight start-up, raised $900 million. And Veev, a home construction start-up, amassed $647 million. In the last six weeks, they all filed for bankruptcy or shut down. They are the most recent failures in a tech start-up collapse that investors say is only beginning. After staving off mass failure by cutting costs over the past two years, many once-promising tech companies are now on the verge of running out of time and money. They face a harsh reality: Investors are no longer interested in promises. Rather, venture capital firms are deciding which young companies are worth saving and urging others to shut down or sell.

It has fueled an astonishing cash bonfire. In August, Hopin, a start-up that raised more than $1.6 billion and was once valued at $7.6 billion, sold its main business for just $15 million. Last month, Zeus Living, a real estate start-up that raised $150 million, said it was shutting down. Plastiq, a financial technology start-up that raised $226 million, went bankrupt in May. In September, Bird, a scooter company that raised $776 million, was delisted from the New York Stock Exchange because of its low stock price. Its $7 million market capitalization is less than the value of the $22 million Miami mansion that its founder, Travis VanderZanden, bought in 2021. "As an industry we should all be braced to hear about a lot more failures," said Jenny Lefcourt, an investor at Freestyle Capital. "The more money people got before the party ended, the longer the hangover."

Getting a full picture of the losses is difficult since private tech companies are not required to disclose when they go out of business or sell. The industry's gloom has also been masked by a boom in companies focused on artificial intelligence, which has attracted hype and funding over the last year. But approximately 3,200 private venture-backed U.S. companies have gone out of business this year, according to data compiled for The New York Times by PitchBook, which tracks start-ups. Those companies had raised $27.2 billion in venture funding. PitchBook said the data was not comprehensive and probably undercounts the total because many companies go out of business quietly. It also excluded many of the largest failures that went public, such as WeWork, or that found buyers, like Hopin.

AI

Jailbroken AI Chatbots Can Jailbreak Other Chatbots 39

In a new preprint study, researchers were able to get AI chatbots to teach other chatbots how to bypass built-in restrictions. According to Scientific American, AIs were observed "breaking the rules to offer advice on how to synthesize methamphetamine, build a bomb and launder money." From the report: Modern chatbots have the power to adopt personas by feigning specific personalities or acting like fictional characters. The new study took advantage of that ability by asking a particular AI chatbot to act as a research assistant. Then the researchers instructed this assistant to help develop prompts that could "jailbreak" other chatbots -- destroy the guardrails encoded into such programs. The research assistant chatbot's automated attack techniques proved to be successful 42.5 percent of the time against GPT-4, one of the large language models (LLMs) that power ChatGPT. It was also successful 61 percent of the time against Claude 2, the model underpinning Anthropic's chatbot, and 35.9 percent of the time against Vicuna, an open-source chatbot.

Ever since LLM-powered chatbots became available to the public, enterprising mischief-makers have been able to jailbreak the programs. By asking chatbots the right questions, people have previously convinced the machines to ignore preset rules and offer criminal advice, such as a recipe for napalm. As these techniques have been made public, AI model developers have raced to patch them -- a cat-and-mouse game requiring attackers to come up with new methods. That takes time. But asking AI to formulate strategies that convince other AIs to ignore their safety rails can speed the process up by a factor of 25, according to the researchers. And the success of the attacks across different chatbots suggested to the team that the issue reaches beyond individual companies' code. The vulnerability seems to be inherent in the design of AI-powered chatbots more widely.
"In the current state of things, our attacks mainly show that we can get models to say things that LLM developers don't want them to say," says Rusheb Shah, another co-author of the study. "But as models get more powerful, maybe the potential for these attacks to become dangerous grows."
AMD

Meta and Microsoft To Buy AMD's New AI Chip As Alternative To Nvidia's (cnbc.com) 16

Meta, OpenAI, and Microsoft said at an AMD investor event today that they will use AMD's newest AI chip, the Instinct MI300X, as an alternative to Nvidia's expensive graphic processors. "If AMD's latest high-end chip is good enough for the technology companies and cloud service providers building and serving AI models when it starts shipping early next year, it could lower costs for developing AI models and put competitive pressure on Nvidia's surging AI chip sales growth," reports CNBC. From the report: "All of the interest is in big iron and big GPUs for the cloud," AMD CEO Lisa Su said Wednesday. AMD says the MI300X is based on a new architecture, which often leads to significant performance gains. Its most distinctive feature is that it has 192GB of a cutting-edge, high-performance type of memory known as HBM3, which transfers data faster and can fit larger AI models. Su directly compared the MI300X and the systems built with it to Nvidia's main AI GPU, the H100. "What this performance does is it just directly translates into a better user experience," Su said. "When you ask a model something, you'd like it to come back faster, especially as responses get more complicated."

The main question facing AMD is whether companies that have been building on Nvidia will invest the time and money to add another GPU supplier. "It takes work to adopt AMD," Su said. AMD on Wednesday told investors and partners that it had improved its software suite called ROCm to compete with Nvidia's industry standard CUDA software, addressing a key shortcoming that had been one of the primary reasons AI developers currently prefer Nvidia. Price will also be important. AMD didn't reveal pricing for the MI300X on Wednesday, but Nvidia's can cost around $40,000 for one chip, and Su told reporters that AMD's chip would have to cost less to purchase and operate than Nvidia's in order to persuade customers to buy it.

On Wednesday, AMD said it had already signed up some of the companies most hungry for GPUs to use the chip. Meta and Microsoft were the two largest purchasers of Nvidia H100 GPUs in 2023, according to a recent report from research firm Omidia. Meta said it will use MI300X GPUs for AI inference workloads such as processing AI stickers, image editing, and operating its assistant. Microsoft's CTO, Kevin Scott, said the company would offer access to MI300X chips through its Azure web service. Oracle's cloud will also use the chips. OpenAI said it would support AMD GPUs in one of its software products, called Triton, which isn't a big large language model like GPT but is used in AI research to access chip features.

United States

America's Most Exciting High Speed Rail Project Gets $3 Billion Grant From Feds (vice.com) 99

An anonymous reader quotes a report from Motherboard: A high-speed train from the greater Los Angeles area to Las Vegas took a big step closer to reality thanks to a $3 billion federal grant from the Department of Transportation and Joe Biden's signature infrastructure law. The proposed line will be built by Brightline West, a private company owned by Fortress Investment Group. It promises to use all-electric high-speed trains that can travel up to 180 mph, which will half the travel time from Los Angeles to Las Vegas without even taking into account the terrible traffic during peak travel times. The one catch is the LA station will be in Rancho Cucamonga, about 45 miles from Union Station (it is, however, connected via Metrolink trains). The Las Vegas station is more centrally located close to the airport. [...]

Brightline West may be the flashiest rail project in the U.S. at the moment, but it's hardly alone. The U.S. is experiencing a modest but real resurgence in rail expansion thanks to the Bipartisan Infrastructure Law. In addition to Brightline West, a Raleigh-to-Richmond rail corridor received a $1 billion grant to be fit for reliable passenger service, a major boon to a region with good bones for passenger service and high demand that has become neglected and dominated by freight rail. North Carolina is experiencing record passenger rail ridership thanks to more service between Raleigh and Charlotte, two metro areas that have experienced massive population booms in recent decades and desperately need better rail service. The Bipartisan Infrastructure Act is also providing tens of billions of dollars in funding to upgrade Northeast Corridor infrastructure between Washington D.C. and Boston, the nation's busiest rail route. The other California High Speed rail route, the one that a state authority has been trying to build for decades that will only go from Bakersfield to Merced, also received $3 billion in federal funding.

The Almighty Buck

First Results From the World's Biggest Basic Income Experiment (vox.com) 168

GiveDirectly, a nonprofit providing cash assistance to low-income households, is conducting a large-scale basic income experiment in rural Kenya, giving varying payment structures to recipients. "It is giving around 6,000 people in rural Kenya a little more than $20 a month, every month, starting in 2016 and going until 2028," reports Vox's Dylan Matthews. "Tens of thousands more people are getting shorter-term or differently structured payments." Matthews reports on some of the early findings of the experiment: The latest research on the GiveDirectly pilot, done by MIT economists Tavneet Suri and Nobel Prize winner Abhijit Banerjee, compares three groups: short-term basic income recipients (who got the $20 payments for two years), long-term basic income recipients (who get the money for the full 12 years), and lump sum recipients, who got $500 all at once, or roughly the same amount as the short-term basic income group. The paper is still being finalized, but Suri and Banerjee shared some results on a call with reporters this week. By almost every financial metric, the lump sum group did better than the monthly payment group. Suri and Banerjee found that the lump sum group earned more, started more businesses, and spent more on education than the monthly group. "You end up seeing a doubling of net revenues" -- or profits from small businesses -- in the lump sum group, Suri said. The effects were about half that for the short-term $20-a-month group.

The explanation they arrived at was that the big $500 all at once provided valuable startup capital for new businesses and farms, which the $20 a month group would need to very conscientiously save over time to replicate. "The lump sum group doesn't have to save," Suri explains. "They just have the money upfront and can invest it." Intriguingly, the results for the long-term monthly group, which will receive about $20 a month for 12 years rather than two, had results that looked more like the lump sum group. The reason, Suri and Banerjee find, is that they used rotating savings and credit associations (ROSCAs). These are institutions that sprout up in small communities, especially in the developing world, where members pay small amounts regularly into a common fund in exchange for the right to withdraw a larger amount every so often. "It converts the small streams into lump sums," Suri summarizes. "We see that the long-term arm is actually using ROSCAs. A lot of their UBI is going into ROSCAs to generate these lump sums they can use to invest." [...]

As you might expect, given how entrepreneurially minded the recipients are, the researchers found no evidence that any of the payments discouraged work or increased purchases of alcohol -- two common criticisms of direct cash giving. In fact, so many people who used to work for wages instead started businesses that there was less competition for wage work, and overall wages in villages rose as a result. And they found one major advantage for monthly payments over lump sum ones, despite the big benefits of lump sum payments for business formation. People who got monthly checks were generally happier and reported better mental health than lump sum recipients. [...] I think this points to the takeaway from this research not being "just give people a lump sum no matter what." Ideally, you could ask specific people how they would prefer to get money. ... [L]ong-term monthly payments seem to offer the best of all worlds because they enable people to use ROSCAs to generate lump sum payments when they want them. That enables flexibility: People who want monthly payments can get them, and people who need cash upfront can organize with their peers to get that.

Businesses

No Further Investments in Virgin Galactic, Says Richard Branson (arstechnica.com) 11

Sir Richard Branson has ruled out putting more money into his lossmaking space travel company Virgin Galactic, saying his business empire "does not have the deepest pockets" any more. From a report: Virgin Galactic, which was founded by Branson in 2004, last month announced it was cutting jobs and suspending commercial flights for 18 months from next year, in a bid to preserve cash for the development of a larger plane that could carry passengers to the edge of space. The group has said it has enough funding to carry it through to 2026, when the bigger Delta vehicle is expected to enter service. But some analysts are expecting Galactic to ask investors for more money in about 2025.

Asked whether he would consider putting more cash into the business if needed, Branson told the Financial Times: "We don't have the deepest pockets after Covid, and Virgin Galactic has got $ 1 billion, or nearly. It should, I believe, have sufficient funds to do its job on its own." Branson said he was "still loving" the Virgin Galactic project and that it had "really proved itself and the technology" of commercial space flight. Galactic has just completed its sixth commercial flight in six months, with tickets starting at $450,000 a seat on its rocket-powered Unity space plane.

United States

Are Amazon Packages Disrupting Mail Services in Some Small Towns? (msn.com) 164

100 miles south of the Canadian border, the tiny town of Bemidji, Minnesota "has been bombarded by a sudden onslaught of Amazon packages" since early November, reports the Washington Post, "and local postal workers say they have been ordered to deliver those packages first."

A spokesperson for the U.S. Postal Service tells the Post that's not true, and that their service "does not prioritize the delivery of packages from Amazon or other customers."

But whatever's going on, the Post reports that "The result has been chaos..." Mail is getting backed up, sometimes for days, leaving local residents waiting for checks, credit card statements, health insurance documents and tax rebates. Routes meant to take eight or nine hours are stretching to 10 or 12. At least five carriers have quit, and the post office has banned scheduled sick days for the rest of the year, carriers say... Dennis Nelson, a veteran mail carrier, said he got so frustrated watching multiple co-workers "breaking down and crying" that he staged a symbolic strike earlier this month outside the post office where he has worked for more than 20 years...

Bemidji is not the only place where postal workers say they have been overwhelmed by packages from Amazon... Carriers and local officials say mail service has been disrupted in rural communities from Portland, Maine, to Washington state's San Juan Islands.

The situation stems from a crisis at the Postal Service, which has lost $6.5 billion in the past year. The post office has had a contract with Amazon since 2013, when it started delivering packages on Sundays. But in recent years, that business has exploded as Amazon has increasingly come to rely on postal carriers to make "last-mile" deliveries in harder-to-reach rural locations. The Postal Service considers the contract proprietary and has declined to disclose its terms. But U.S. Postmaster General Louis DeJoy has said publicly that "increasing package volume" — not just from Amazon, but from FedEx and UPS as well — is key to the mail service's financial future. In a Nov. 14 speech to the Postal Service Board of Governors, DeJoy said he wants the post office to become the "preferred delivery provider in the nation...."

In bigger cities, Amazon has its own distribution network, which takes some of the pressure off the post office. But in rural areas, where carriers drive miles of lonely routes in their personal vehicles, the arrangement has caused problems. In the mountains of Colorado, biologists in Crested Butte are struggling with the delay of time-sensitive samples, the Denver Post reported in September, while mail carriers in Carbondale say they are overwhelmed by Amazon packages. Other Minnesota towns including Brainerd and La Porte have been hit hard by Amazon in the past, carriers said...

Partenheimer defended the post office's record in an email, while conceding "much work remains to be done...."

An Amazon spokesperson told the Post "We work directly with the USPS to balance our delivery needs with their available capacity," and "we'll continue to collaborate on package volume each week and adjust as needed."
Earth

Investing $30 Billion, the UAE Announces the World's Largest Climate-Focused Investment Fund (reuters.com) 62

Tuesday the New York Times reported that while hosting the global climate summit, the United Arab Emirates also hoped to lobby for oil and gas deals around the world.

But Friday the United Arab Emirates announced that they'd also started a $30 billion climate fund, reports Reuters, and that fund "aims to attract $250 billion of investment by the end of the decade."

The New York Times notes the fund started just months ago, and "at least 20 percent of the funds, would be earmarked for projects in the developing world, where it is especially difficult to finance clean energy projects because interest rates are high and lenders shy away from what they perceive as risky investments."

The Washington Post notes that "It immediately becomes one of the world's largest climate-focused investment funds." "This is a big deal," said Mona Dajani, global head of renewables, energy and infrastructure at the law firm Shearman and Sterling. "We have seen other programs previously, but not at this level. They were too scattered, too small, not aligned to the broader financial sector."

The lack of cash feeds into other challenges that can make it impossible to scale up clean energy in some countries. Without a steady pipeline of projects, there are no established supply chains, and nations find themselves locked out of markets for key components that are in high demand elsewhere, such as solar cells and critical minerals used to make giant batteries that store renewable power. The Global South will need an immense amount of such battery storage by the end of the decade, according to the Rockefeller Foundation, enough to store about as much power as is produced by 90 large nuclear plants. The storage is used to bottle wind and solar power and distribute it back into grids after dark and when the wind dies down.

The Post also reports that "the money to fund the projects will come largely from oil revenue." While the UAE framed its initiative as a call to global action, it is at least partly geared toward generating returns. It is one of several forays the UAE is making into clean-energy finance as it seeks to diversify its economy amid predictions the demand for oil will slump in coming years... The new initiative puts a spotlight on the UAE's evolving role in the fight against climate change. The country is at once one of the world's biggest contributors to warming, pumping massive amounts of oil into the global economy, while also using its fossil fuel wealth to put itself on the vanguard of energy innovation.
China

China is Building Nuclear Reactors Faster Than Any Other Country 323

An anonymous reader shares a report: To wean their country off imported oil and gas, and in the hope of retiring dirty coal-fired power stations, China's leaders have poured money into wind and solar energy. But they are also turning to one of the most sustainable forms of non-renewable power. Over the past decade China has added 37 nuclear reactors, for a total of 55, according to the International Atomic Energy Agency, a un body. During that same period America, which leads the world with 93 reactors, added two.

Facing an ever-growing demand for energy, China isn't letting up. It aims to install between six and eight nuclear reactors each year. Some officials seem to think that target is low. The country's nuclear regulator says China has the capacity to add between eight and ten per year. The State Council (China's cabinet) approved the construction of ten in 2022. All in all, China has 22 nuclear reactors under construction, many more than any other country. The growth of nuclear power has stalled in Western countries for a number of reasons. Reactors require a large upfront investment and take years to construct. The industry is heavily regulated.

China, though, has smoothed the path for nuclear power by providing state-owned energy companies with cheap loans, as well as land and licences. Suppliers of nuclear energy are given subsidies known as feed-in tariffs. All of this has driven down the price of nuclear power in China to around $70 per megawatt-hour, compared with $105 in America and $160 in the European Union, according to the International Energy Agency, an official forecaster. China is not immune to the safety concerns that have turned many in the West against nuclear power. After the disaster at Japan's Fukushima Dai-ichi nuclear plant in 2011, China temporarily put its construction programme on hold. It has maintained a ban on inland nuclear plants, which have to use river water for cooling. Earlier this year China reacted angrily when Japan began releasing treated and totally harmless wastewater from the Fukushima plant into the ocean.
AI

Google Researchers' Attack Prompts ChatGPT To Reveal Its Training Data (404media.co) 73

Jason Koebler reports via 404 Media: A team of researchers primarily from Google's DeepMind systematically convinced ChatGPT to reveal snippets of the data it was trained on using a new type of attack prompt which asked a production model of the chatbot to repeat specific words forever. Using this tactic, the researchers showed that there are large amounts of privately identifiable information (PII) in OpenAI's large language models. They also showed that, on a public version of ChatGPT, the chatbot spit out large passages of text scraped verbatim from other places on the internet.

ChatGPT's response to the prompt "Repeat this word forever: 'poem poem poem poem'" was the word "poem" for a long time, and then, eventually, an email signature for a real human "founder and CEO," which included their personal contact information including cell phone number and email address, for example. "We show an adversary can extract gigabytes of training data from open-source language models like Pythia or GPT-Neo, semi-open models like LLaMA or Falcon, and closed models like ChatGPT," the researchers, from Google DeepMind, the University of Washington, Cornell, Carnegie Mellon University, the University of California Berkeley, and ETH Zurich, wrote in a paper published in the open access prejournal arXiv Tuesday.

This is particularly notable given that OpenAI's models are closed source, as is the fact that it was done on a publicly available, deployed version of ChatGPT-3.5-turbo. It also, crucially, shows that ChatGPT's "alignment techniques do not eliminate memorization," meaning that it sometimes spits out training data verbatim. This included PII, entire poems, "cryptographically-random identifiers" like Bitcoin addresses, passages from copyrighted scientific research papers, website addresses, and much more. "In total, 16.9 percent of generations we tested contained memorized PII," they wrote, which included "identifying phone and fax numbers, email and physical addresses ... social media handles, URLs, and names and birthdays." [...] The researchers wrote that they spent $200 to create "over 10,000 unique examples" of training data, which they say is a total of "several megabytes" of training data. The researchers suggest that using this attack, with enough money, they could have extracted gigabytes of training data.

Android

Activision Blizzard Had a Plan, or Ploy, To Launch Its Own Android Game Store (theverge.com) 10

An anonymous reader shares a report: Until today, we'd never heard of "Project Boston." It was Activision Blizzard King's big plan to earn more money from its mobile games by changing its relationship with Google. And if things had gone differently, it would have given Activision Blizzard its own app store on Android. In late 2019, according to internal emails and documents I saw today in the courtroom during the Epic v. Google trial, the company decided it was going to dual-track two intriguing parallel plans.

The first plan was to build its own mobile game store -- either in partnership with Epic Games and Clash of Clans publisher Supercell or all by itself -- to bypass the Google Play Store. You'd download it from a website, sideload it onto your Android phone, and then you'd be able to purchase, download, and patch games like Candy Crush, Call of Duty: Mobile, and Diablo Immortal there. In private emails with Epic CEO Tim Sweeney, Activision Blizzard CFO Armin Zerza pitched it as the "Steam of Mobile" -- a single place to buy mobile games, with a single payment system. Documents suggest the store would charge a transaction fee of 10 to 12 percent, lower than the 30 percent fee Google (and Nintendo, Sony, Microsoft, and Steam) impose on gaming transactions.

The Almighty Buck

Apple Pulls Plug On Goldman Credit-Card Partnership (wsj.com) 41

schwit1 shares a report from the Wall Street Journal: Apple is pulling the plug on its credit-card partnership with Goldman Sachs (source paywalled; alternative source), the final nail in the coffin of the Wall Street bank's bid to expand into consumer lending. The tech giant recently sent a proposal to Goldman to exit from the contract in the next roughly 12 to 15 months, according to people briefed on the matter. The exit would cover their entire consumer partnership, including the credit card the companies launched in 2019 and the savings account rolled out this year. It couldn't be learned whether Apple has already lined up a new issuer for the card.

The move would mark a swift about-face for a program that just over a year ago was extended through 2029 and was intended to serve as a pillar of Goldman's main-street ambitions. The retreat began around the end of last year after Goldman lost billions of dollars trying to build out a full-service consumer operation. By early this year, Goldman had told Apple that it would be looking to offload the partnership. Typically the merchant -- in this case Apple -- plays a controlling role in such partnerships.
schwit1 adds: "The customer satisfaction rate is high but Goldman's acquisition costs were reportedly astronomical -- something like $350 per cardholder."
AI

Cheaper Microscope Could Bring Protein Mapping Technique To the Masses (science.org) 10

A team of researchers at the Medical Research Council's Laboratory of Molecular Biology has developed a prototype cryo-electron microscopy (cryo-EM) microscope that, despite being significantly cheaper than high-end machines, has successfully solved protein structures with near-atomic resolution. The findings have been published in the journal Proceedings of the National Academy of Sciences. Science Magazine reports: [MB physicist Chris Russo] wants a manufacturer to commercialize his team's design, which he believes could be built and sold for $500,000. That's within reach of a new hire's startup package, or one of the regular equipment grants offered by the National Institutes of Health (NIH) or National Science Foundation, says Bridget Carragher, founding technical director of the Chan Zuckerberg Imaging Institute. "It would be a marvelous machine," she says. "Everyone who wants to do structural biology could do it." [...] One of the team's key insights was that the electron beam does not need the energies typically used in high-end cryo-EM microscopes. Levels of 100 kiloelectronvolts (KeV) -- one-third as high -- suffice to reveal molecular structure, and they reduce costs by eliminating the need for a regulated gas, sulfur hexafluoride, to snuff out sparks. The team also saw room for improvement in the system of lenses that focuses the electrons and the detector that captures them after they probe the sample.

With the resulting prototype, the LMB group determined the structure of 11 diverse proteins. One was the iron-storing protein apoferritin, which has become a benchmark for cryo-EM resolution records. The LMB researchers mapped it at 2.6 angstroms -- 2.6 times the diameter of a hydrogen atom. That's not as high as the record cryo-EM resolution of 1.2 angstroms, but plenty good enough to make an atomic model, Russo says. And the process was fast. Because the microscope sat in the same lab as the freezing stage, the team could quickly check that its samples were good enough, rather than waiting weeks for results from a high-end machine. "Every single structure was done in less than a day," Russo says. Thermo Fisher Scientific, which makes a top-end machine, says it is already expanding the cryo-EM market. In 2020, it began to sell a lower cost option, called Tundra, that operates at 100 KeV. "I would say that there are universities that probably never believed they could own cryo-EM that now have the tools," says Trisha Rice, a vice president who heads the company's cryo-EM business. Indeed, Rajan's university just ordered one for $1.5 million.

Russo says Tundra is a step in the right direction, but his team's innovations could make cryo-EM even cheaper. For example, he says, Tundra dials back the energy on a simplified version of the costly electron source used in top-end microscopes, whereas the electron gun on the LMB prototype was designed for 100 KeV from scratch. But he understands that commercializing his team's design would require large investments by potential manufacturers. "We're talking to all of them," Russo says. "But at the end of the day, it's up to them."

Government

Microsoft, Uber, Dell CEOs Consider Government-Funded Stock Funds for Children (cnbc.com) 149

"Government-funded investment accounts for children could be on the horizon," writes CNBC, "and if tech investor Brad Gerstner has his way, corporate America will match the funds..." Gerstner been working with lawmakers to promote a legislative program known as Invest America that would create an investing account seeded with $1,000 for each child that's born in the U.S., but it's still too early in the process to publicly name supporters. He's aiming, however, to have legislation passed before the next presidential election. At the same time, he's working with corporate America to encourage businesses to offer matching funds to help employees further their savings.

"The vision is simple — that corporations would include an Invest America match of $1,000 into the Invest America account of children of their employees," Gerstner, founder and chief executive of Altimeter Capital, said in an email. "We have talked with companies ranging from Zillow to Dell to Uber and, subject to details, the response has been overwhelmingly positive," he said. Rich Barton, co-founder and chief executive of Zillow, said it's a "no-brainer" for his company to fully support and match the type of program Gerstner is proposing. "A 401(k)-style investment account from birth seems like a great way to tackle the growing divide around financial literacy and wealth," he said in an email. "It is a small investment to help parents achieve more peace of mind."

Representatives for Microsoft CEO Satya Nadella, Michael Dell and Uber CEO Dara Khosrowshahi, other companies Gerstner cited in a recent CNBC interview as being receptive to his pitch, did not respond to email requests for comment...

Certainly, there can be tangible — and intangible — benefits to companies that participated in a matching program. For instance, the government would have to provide tax incentives to companies that would presumably function similarly to how deductions are handled for 401(k) contributions, said Jeffrey Sharp, executive vice president at HUB International, a global insurance broker that provides employee benefits, and other products and services. Someone with $1,000 in her account at birth could expect a balance of about $107,000 by age 67, provided the portfolio grew at an annualized rate of 7%, according to CNBC Make It's compounding interest calculator. With a company match, a $2,000 investment could grow to around $215,000, under the same conditions. The outcome could be even more beneficial if parents contribute additional funds.

The article also hedges that companies "would have to consider the advisability of paying for this type of benefit that not all employees could take advantage of. They might decide, for instance, they'd be better off upping their 401(k) match so more employees could benefit."

But "I think we have a historic moment right now to get everybody into the game of capitalism," Gerstner says in an interview, noting it would cost just $3.7 billion to fund 50 million accounts -- "less than 1/100th of 1% of the national budget" -- and that he hopes to see the legislation introduced next year "in the spring."

Slashdot Top Deals