"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."

"Several of your films have explored artificial intelligence," Rolling Stone pointed out to 85-year-old Ridley Scott, before asking: "Does AI worry you?" Ridley Scott: I always thought the world would end up being run by two corporations, and I think we're headed in that direction. Tyrell Corp in Blade Runner probably owned 45-50% of the world, and one of his playthings was creating replication through DNA. Tyrell thinks he's god and in the first Blade Runner has made a Nexus female. And the Nexus female will have a limited lifespan because AI will get dangerous. We have to lock down AI. And I don't know how you're gonna lock it down. They have these discussions in the government, "How are we gonna lock down AI?" Are you fucking kidding? You're never gonna lock it down. Once it's out, it's out. If I'm designing AI, I'm going to design a computer whose first job is to design another computer that's cleverer than the first one. And when they get together, then you're in trouble, because then it can take over the whole electrical-monetary system in the world and switch it off. That's your first disaster. It's a technical hydrogen bomb. Think about what that would mean?

Rolling Stone: I wanted to ask you about what effect you think AI will have on Hollywood as it was a big sticking point in the writers' strike, in particular. One fear is that studios will plug a book into AI, have it crap out an "adaptation," and then pay actual screenwriters day rates to punch it up.

Ridley Scott: Yeah. They really have to not allow this, and I don't know how you can control it. Another AI expert said, "We are way over-panicking. Of course, I have a computer that can defeat a chess master in an hour because we can feed him every conceivable move from data, and it'll process 1,900 conceivable moves on what the person will do next in seconds, and the guy is in trouble." There's something non-creative about data. You're gonna get a painting created by a computer, but I like to believe — and I'm saying this without confidence — it won't work with anything particularly special that requires emotion or soul. With that said, I'm still worried about it.
The article also looks back more than 40 years, to when Ridley Scott was going to direct Dune in between filming Alien and Blade Runner. Scott says he had "a really good screenplay, had all the sets to go" — but the producer had wanted to save money by filiming it in Mexico City, and Scott "didn't love" the idea of spending a year there.

There's yet another technological revolution happening, reports the Los Angeles Times. Bowling alleys across America "are ditching traditional pinsetters — the machines that sweep away and reset pins — in favor of contraptions that employ string.

"Think of the pins as marionettes with nylon cords attached to their heads. Those that fall are lifted out of the way, as if by levitation, then lowered back into place after each frame... European bowling alleys have used string pinsetters for decades because they require less energy and maintenance.

"All you need is someone at the front counter to run back when the strings tangle." String pinsetters mean big savings, maybe salvation, for an industry losing customers to video games and other newfangled entertainment. That is why the U.S. Bowling Congress recently certified them for tournaments and league play. But there is delicate science at play here. Radius of gyration, coefficient of restitution and other obscure forces cause tethered pins to fly around differently than their free-fall counterparts. They don't even make the same noise. Faced with growing pushback, the bowling congress published new research this month claiming the disparity isn't nearly as great as people think.
Using a giant mechanical arm, powered by hydraulics and air pressure, they rolled "thousands of test balls from every angle, with various speeds and spins, on string-equipped lanes," according to the article: They found a configuration that resulted in 7.1% fewer strikes and about 10 pins fewer per game as compared to bowling with traditional pinsetters... Officials subsequently enlisted 500 human bowlers for more testing and, this time, reported finding "no statistically significant difference." But hundreds of test participants commented that bowling on strings felt "off." The pins seemed less active, they said. There were occasional spares whereby one pin toppled another without making contact, simply by crossing strings.

Nothing could be done about the muted sound. It's like hearing a drum roll — the ball charging down the lane — with no crashing cymbal at the end.
Still, one Northern California bowling alley spent $1 million to install the technology, and believes it will save them money — partly by cutting their electric bill in half. "We had a full-time mechanic and were spending up to $3,000 a month on parts."

The article also remembers that once upon a time, bowling alleys reset their pins using pinboys, "actual humans — mostly teenagers... scrambling around behind the lanes, gathering and resetting by hand," before they were replaced by machines after World War II.

The New York Times reports: Meta has received more than 1.1 million reports of users under the age of 13 on its Instagram platform since early 2019 yet it "disabled only a fraction" of those accounts, according to a newly unsealed legal complaint against the company brought by the attorneys general of 33 states.

Instead, the social media giant "routinely continued to collect" children's personal information, like their locations and email addresses, without parental permission, in violation of a federal children's privacy law, according to the court filing. Meta could face hundreds of millions of dollars, or more, in civil penalties should the states prove the allegations. "Within the company, Meta's actual knowledge that millions of Instagram users are under the age of 13 is an open secret that is routinely documented, rigorously analyzed and confirmed," the complaint said, "and zealously protected from disclosure to the public...."

It also accused Meta executives of publicly stating in congressional testimony that the company's age-checking process was effective and that the company removed underage accounts when it learned of them — even as the executives knew there were millions of underage users on Instagram... The lawsuit argues that Meta elected not to build systems to effectively detect and exclude such underage users because it viewed children as a crucial demographic — the next generation of users — that the company needed to capture to assure continued growth.
More from the Wall Street Journal: An internal 2020 Meta presentation shows that the company sought to engineer its products to capitalize on the parts of youth psychology that render teens "predisposed to impulse, peer pressure, and potentially harmful risky behavior," the filings show... "Teens are insatiable when it comes to 'feel good' dopamine effects," the Meta presentation shows, according to the unredacted filing, describing the company's existing product as already well-suited to providing the sort of stimuli that trigger the potent neurotransmitter. "And every time one of our teen users finds something unexpected their brains deliver them a dopamine hit...."

"In December 2017, an Instagram employee indicated that Meta had a method to ascertain young users' ages but advised that 'you probably don't want to open this pandora's box' regarding age verification improvements," the states say in the suit. Some senior executives raised the possibility that cracking down on underage usage could hurt Meta's business... The states say Meta made little progress on automated detection systems or adequately staffing the team that reviewed user reports of underage activity. "Meta at times has a backlog of 2-2.5 million under-13 accounts awaiting action," according to the complaint...

The unredacted material also includes allegations that Meta Chief Executive Mark Zuckerberg instructed his subordinates to give priority to boosting its platforms' usage above the well being of users... Zuckerberg also repeatedly dismissed warnings from senior company officials that its flagship social-media platforms were harming young users, according to unsealed allegations in a lawsuit filed by Massachusetts earlier this month...

The complaint cites numerous other executives making public claims that were allegedly contradicted by internal documents. While Meta's head of global safety, Antigone Davis, told Congress that the company didn't consider profitability when designing products for teens, a 2018 internal email stated that product teams should keep in mind that "The lifetime value of a 13 y/o teen is roughly $270" when making product decisions.

Tech journalist Kara Swisher disagrees that Sam Altman's (temporary) firing stemmed from a conflict between the "go-faster" people pushing for commercialization and a rival contingent wanting more safety-assuring guardrails. "He's being talking about the problems," Swisher said on CNN. "Compared to a lot of tech people, he's talking about the problems. I think that's a false dichotomy."

At the same time, NPR argues, the firing and re-hiring of Sam Altman "didn't come out of nowhere. In fact, the boardroom drama represented the boiling over of tensions that have long simmered under the surface of the company." The chaos at OpenAI can be traced back to the unusual way the company was structured. OpenAI was founded in 2015 by Altman, Elon Musk and others as a non-profit research lab. It was almost like an anti-Big Tech company; it would prioritize principles over profit. It wanted to, as OpenAI put it back then, develop AI tools that would "benefit humanity as a whole, unconstrained by a need to generate financial return."

But in 2018, two things happened: First, Musk quit the board of OpenAI after he said he invested $50 million, cutting the then-unknown company off from more of the entrepreneur's crucial financial backing. And secondly, OpenAI's leaders grew increasingly aware that developing and maintaining advanced artificial intelligence models required an immense amount of computing power, which was incredibly expensive.

A year after Musk left, OpenAI created a for-profit arm. Technically, it is what's known as a "capped profit" entity, which means investors' possible profits are capped at a certain amount. Any remaining money is re-invested in the company. Yet the nonprofit's board and mission still governed the company, creating two competing tribes within OpenAI: adherents to the serve-humanity-and-not-shareholders credo and those who subscribed to the more traditional Silicon Valley modus operandi of using investor money to release consumer products into the world as rapidly as possible in hopes of cornering a market and becoming an industry pacesetter... The question was, did Altman abandon OpenAI's founding principles to try to scale up the company and sign up customers as fast as possible? And, if so, did that make him unsuited to helm a nonprofit created to develop AI products "free from financial obligations"?
Microsoft's stock price hit an all-time high this week, reports the Wall Street Journal. (They also note that when OpenAI employees considered moving to Microsoft, CEO Satya Nadella "assured their potential colleagues that they wouldn't even have to use Microsoft's workplace-communications app Teams.")

"But the ideal outcome for Microsoft was Altman going back to OpenAI as CEO, according to a person familiar with Nadella's thinking. By opening Microsoft's doors to the OpenAI team, Nadella increased Altman's leverage to get his position back..." Even after investing $13 billion, Microsoft didn't have a board seat or visibility into OpenAI's governance, since it worried that having too much sway would alarm increasingly aggressive regulators. That left Microsoft exposed to the risks of OpenAI's curious structure... Microsoft has had to strike a tricky balance with OpenAI: safeguarding its investment while ensuring that its ownership stake remained below 50% to avoid regulatory pitfalls... AI is wildly expensive, and Microsoft's spending is expected to soar as the company builds out the necessary computing infrastructure. And it's unclear when or if it will be able to make back these upfront costs in added new revenue...

Nadella is banking on OpenAI's independence leading to innovations that benefit Microsoft as much as humanity. But the uncertainty of the past week has shown the risks in one of the world's most valuable companies outsourcing the future to a startup beyond its control.
When Chris Wallace asked Swisher if he should be more concerned about the dangers of AI now — and of its potential to take jobs — Swisher had a different answer. "One of the concerns you should have is the consolidation of this into bigger companies. Microsoft really want to win here..."

But she didn't let the conversation end without wryly underscoring the potential for AI. "I'd be concerned that there's not enough innovation... It could be a good thing, Chris. Trust me, it could be a good thing. But it could also, you know, kill you."

Thanks to Slashdot reader Tony Isaac for sharing the article.

America celebrates "Small Business Saturday" today with special celebrations everywhere from Houston, Texas to Buffalo, New York

NBC News reports: Sandwiched between Black Friday and Cyber Monday — historically the biggest and busiest retail days of the year — there's another standout shopping event: Small Business Saturday. Started by American Express in 2010 and co-sponsored by the U.S. Small Business Administration since 2011, Small Business Saturday aims to create awareness about the impact shoppers have when they buy "small" year round, whether they physically visit stores or shop online.

This year, 85% of consumers say they're likely to shop "small" during the holiday season, according to the American Express 2023 Shop Small Impact Study. That represents a multibillion dollar opportunity — consumers are expected to spend an estimated $125 billion at small businesses this holiday season, up 42% from $88 billion in 2022, as reported by Intuit QuickBooks.
Like CBS News, NBC has compiled its list of small businesses that can ship their products to you — and suggests leaving positive reviews online for your favorite small businesses. ("Amazon, for example, now adds badges to product pages on its site if items are sold by small businesses.")
They also recommend interacting with your favorite small businesses on social media — while "the American Express small-business map allows you to input your zip code so it can recommend local shops in your area and beyond. Google also has a 'small business' filter on desktop and mobile, and one for Google Maps on mobile."

The UK's "Small Business Saturday" will happen next week, on the first Saturday in December.

America passed a climate bill in August of 2022 with incentives to build wind and solar energy in regions that historically relied on fossil fuels. And sure enough, since then "a disproportionate amount of wind, solar, battery and manufacturing investment is going to areas that used to host fossil fuel plants," reports the Washington Post.

They cite a new analysis of investment trends from independent research firm Rhodium Group and MIT's Center for Energy and Environmental Policy Research: In Carbon County, Wyo. — a county named for its coal deposits — a power company is building hundreds of wind turbines. In Mingo County, W.Va., where many small towns were once coal towns, the Adams Fork Energy plant will sit on a former coal mining site and produce low-carbon ammonia... While communities that once hosted coal, oil or gas infrastructure make up only 18.6 percent of the population, they received 36.8 percent of the clean energy investment in the year after the Inflation Reduction Act's passage. "We're talking about in total $100 billion in investment in these categories," said Trevor Houser, a partner at Rhodium Group. "So $37 billion investment in a year for energy communities — that's a lot of money...."

Most significantly, 56.6 percent of investment in U.S. wind power in the past year has gone to energy communities, as well as 45.5 percent of the storage and battery investment... The analysis also found that significant amounts of clean energy investment were going to disadvantaged communities, defined as communities with environmental or climate burdens, and low-income communities. Many of the states benefiting are solidly Republican...

Josh Freed, senior vice president for climate and energy at the center-left think tank Third Way, is not sure whether the clean energy investments will make a difference for next year's election. But in the long term, he argues, rural Republican areas will become more dependent on clean energy — potentially shifting party alliances and shifting the position of the Republican Party itself. "It's going to change these fossil fuel communities," he said.

No one is a prophet in their own land, including European Central Bank President Christine Lagarde, who admitted on Friday that her son lost "almost all" of his investments in crypto assets, despite copious warnings. From a report: Lagarde has long railed against cryptocurrencies, calling them speculative, worthless and a tool often used by criminals for illicit activity. "He ignored me royally, which is his privilege," Lagarde told a town hall with students in Frankfurt. "And he lost almost all the money that he had invested."

"It wasn't a lot but he lost it all, he lost about 60% of it," Lagarde added. "So when I then had another talk with him about it, he reluctantly accepted that I was right." The ECB chief has two sons in their mid-30s but did not say which one she was referring to. The ECB has called for global regulation of crypto assets both to protect consumers who are unaware of the risk and to close a loophole that can be used to channel funding to terrorists or lets criminals launder cash.

It's not your imagination: Airlines are piling on more fees and extra charges, driving up the cost of air travel. From a report: Across the industry, revenue from what's known as ancillary sales -- fees for selecting seats, checking bags, and buying food, to name a few -- will reach a record $117.9 billion in 2023. That's a 7.7% increase from pre-pandemic records, according to a recent study from airline consultancy firm IdeaWorks and B2B car rental company CarTrawler.

As plane ticket prices have become more competitive, airlines have turned to ancillary sales to boost profits. And where these fees were once largely confined to low-cost carriers, practices like charging customers for seats and checked luggage are now widespread across all airlines. As the IdeaWorks study points out, carriers like British Airways, Air France, and KLM are now even charging fliers to secure 'better' business class seats.

It's not simply the fees that are raising hackles. It's also how they're sold online. Due to the time sensitive nature of airfares, as well as the dozens of upgrades and extras offered as you click through the sales process, airline websites can be ripe environments for what's known as dark patterns. Coined in 2010 by Harry Brignull, a UX designer with a doctorate in cognitive science, dark patterns are design strategies used to trick consumers during their purchasing experience and guide them to decisions they would not make otherwise. Airlines employ a range of tactics on their websites, ranging from manipulation to deception, Bringull says. "People need to be aware of their tactics if we want to see changes in the way they operate."

FCC Chairwoman Jessica Rosenworcel today outlined a new proposal that would ban cable and satellite companies from charging subscribers early termination fees. Deadline reports: Some subscribers who sign contracts with cable and satellite operators face paying early termination fees if they want out of the agreement before the expiration date. The companies put such fees in place to reduce churn. The FCC proposal also would target requirements that subscribers pay for the entire billing cycle when they end their service before that date. The proposal would require that the video providers grant a pro-rated credit for the remaining days in a billing cycle. The proposal applies only to cable and satellite providers, not streaming services. The FCC will vote at its Dec. 13 meeting whether to issue a notice of proposed rulemaking for public comment. Rosenworcel said in a statement: "No one wants to pay junk fees for something they don't want or can't use. When companies charge customers early termination fees, it limits their freedom to choose the service they want. In an increasingly competitive media market, we should make it easier for Americans to use their purchasing power to promote innovation and expand competition within the industry."

The chief executive of Binance, the largest global cryptocurrency exchange, plans to step down and plead guilty to violating criminal U.S. anti-money laundering requirements, in a deal that may preserve the company's ability to continue operating, WSJ reported Tuesday, citing people familiar with the matter. From the report: Changpeng Zhao is scheduled to appear in Seattle federal court Tuesday afternoon and enter his plea, the people said. Binance, which Zhao owns, will also plead guilty to a criminal charge and agree to pay fines totaling $4.3 billion, which includes amounts to settle civil allegations made by regulators, the people said. The deal would end long-running investigations of Binance. [...] The deal would allow Zhao to retain his majority ownership of Binance, although he won't be able to have an executive role at the company. He would face sentencing at a later date.

An anonymous reader quotes a report from The Verge: Music streaming service Spotify struck a seemingly unique and highly generous deal with Google for Android-based payments, according to new testimony in the Epic v. Google trial. On the stand, Google head of global partnerships Don Harrison confirmed Spotify paid a 0 percent commission when users chose to buy subscriptions through Spotify's own system. If the users picked Google as their payment processor, Spotify handed over 4 percent -- dramatically less than Google's more common 15 percent fee. Google fought to keep the Spotify numbers private during its antitrust fight with Epic, saying they could damage negotiations with other app developers who might want more generous rates.

Google's User Choice Billing program, launched in 2022, is typically described as shaving about 4 percent off Google's Play Store commission if developers use their own payment system, bringing down Google's 15 percent subscription service fee to more like 11 percent. That often ends up saving developers little or no money since they must foot the cost of payment processing themselves. And in court, Google has focused on benefits like greater flexibility rather than cost savings. [...] Harrison says Spotify's "unprecedented" popularity was great enough to justify a "bespoke" deal. "If we don't have Spotify working properly across Play services and core services, people will not buy Android phones," Harrison testified. As part of the deal, both parties also agreed to commit $50 million apiece to a "success fund."

Google acknowledged Harrison's testimony in a statement to The Verge. "A small number of developers that invest more directly in Android and Play may have different service fees as part of a broader partnership that includes substantial financial investments and product integrations across different form factors," says spokesperson Dan Jackson. "These key investment partnerships allow us to bring more users to Android and Play by continuously improving the experience for all users and create new opportunities for all developers." Google would not name other developers that have gotten the company to agree to more generous rates. During the trial, we learned that Google offered Netflix a special discounted rate of just 10 percent, but Netflix refused. Netflix no longer offers an in-app purchase option on Android and no longer pays Google anything to distribute its app as a result.

An anonymous reader quotes a report from Reuters: Apple has been sued by Venmo and Cash App customers in a proposed class action claiming the iPhone maker abused its market power to curb competition for mobile peer-to-peer payments, causing consumers to pay "rapidly inflating prices." Four consumers in New York, Hawaii, South Carolina and Georgia filed the lawsuit (PDF) on Friday in San Jose, California, federal court. They alleged Apple violated U.S. antitrust law through its agreements with PayPal's Venmo and Block's Cash App.

Apple's agreements limit "feature competition" within peer-to-peer payment apps, including prohibiting existing or new platforms from using "decentralized cryptocurrency technology," the complaint said. The lawsuit seeks an injunction that could force Apple to divest or segregate its Apple Cash business.

The US Justice Department is seeking more than $4 billion from Binance as part of a proposed resolution of a years-long investigation into the world's largest cryptocurrency exchange. From a report: Negotiations between the Justice Department and Binance include the possibility that its founder Changpeng Zhao would face criminal charges in the US under an agreement to resolve the probe into alleged money laundering, bank fraud and sanctions violations, according to people familiar with the discussions. Zhao, also known as "CZ," is residing in the United Arab Emirates, which doesn't have an extradition treaty with the US, but that doesn't prevent him from coming voluntarily. An announcement could come as soon as the end of the month, though the situation remains fluid, according to the people, who asked not to be named discussing a confidential matter.

An anonymous reader shared this report from CNBC: Central bank digital currencies have the potential to replace cash, but adoption could take time, said Kristalina Georgieva, managing director of the International Monetary Fund on Wednesday.

"CBDCs can replace cash which is costly to distribute in island economies," she said Wednesday at the Singapore FinTech Festival. "They can offer resilience in more advanced economies. And they can improve financial inclusion where few hold bank accounts." [...] "CBDCs would offer a safe and low-cost alternative [to cash]. They would also offer a bridge to go between private monies and a yardstick to measure their value, just like cash today which we can withdraw from our banks," the IMF chief said.

The IMF has said that more than 100 countries are exploring CBDCs — or approximately 60% of countries in the world. "The level of global interest in CBDCs is unprecedented. Several central banks have already launched pilots or even issued a CBDC," the IMF said in a September report. According to a 2022 survey conducted by the Bank for International Settlements, of the 86 central banks surveyed, 93% said they were exploring CBDCs, while 58% said they were likely to or may possibly issue a retail CBDC in either the short or medium term. But as of June, only 11 countries have adopted CBDCs, with an additional 53 in advanced planning stages and 46 researching the topic, according to data from the Atlantic Council...

On Wednesday, the fund launched a CBDC handbook as a reference guide for policymakers around the world...

Georgieva also said that artificial intelligence "could amplify some of the benefits of CBDCs" by providing accurate credit scoring and personalized support.

"NFTs aren't gone yet," writes the Verge.

"Disney will launch an 'all-new socially driven collectible experience' called Disney Pinnacle later this year, turning characters from Pixar, Star Wars, and its classic animated films into tradable digital pins." While announcing Pinnacle, Disney and its partner Dapper Labs won't even say the word "NFT." Dapper Labs still calls itself "the NFT company," but between a variety of scams, an eye-blistering episode at a recent Bored Ape event, and a market that has plunged since peaking in early 2021, that's a term they apparently will steer clear of. The only thing available on the site right now is a privacy policy that makes clear this is a Dapper Labs effort that's licensing content from Disney — not an in-house effort on the level of Disney Plus.

The NFT collection is being launched through an iOS app, and a spokesperson tells CoinDesk that web and Android applications will come later.
The Disney Pinnacle website has a few seconds of background animation showing the pins — and, of course, a waitlist signup form.

Microsoft's stock price plumetted 16% after OpenAI fired CEO Sam Altman — but appears to have immediately recovered most of the drop in after-hours trading. Yet OpenAI's move "also blindsided key investor and minority owner Microsoft," writes Ars Technica, "reportedly making CEO Satya Nadella furious."

Tech reporter Kara Swisher called the firing a "badly managed coup de Sam," tweeting more details Friday night. "Sources tell me that the profit direction of the company under Altman and the speed of development, which could be seen as too risky, and the nonprofit side dedicated to more safety and caution were at odds. One person on the Sam side called it a 'coup,' while another said it was the the right move."

Ars Technica fills in the story: Sources told reporter Kara Swisher that OpenAI's Dev Day event on November 6, with Altman front and center in a keynote pushing consumer-like products, was an "inflection moment of Altman pushing too far, too fast."

In a joint statement released Friday night, Altman and Brockman said they were "shocked and saddened" by the board's actions... OpenAI has an unusual structure where its for-profit arm is owned and controlled by a non-profit 501(c)(3) public charity... Insiders say the move was mostly a power play that resulted from a cultural schism between Altman and [cofounder/board member Ilya] Sutskever over Altman's management style and drive for high-profile publicity. On September 29, Sutskever tweeted, "Ego is the enemy of growth." The schism is causing further turmoil on the inside. Three AI researchers loyal to Altman departed the company as well on Friday, resigning in reaction to the news: Jakub Pachocki, GPT-4 lead and OpenAI's director of research; Aleksander Madry, head of a team evaluating AI risk, and Szymon Sidor, an open source baselines researcher.

Rumors have already begun swirling about potential internal breakthroughs at OpenAI that may have intensified the slow/fast rift within the company, owing to Sutskever's role as co-lead of a "Superalignment" team that is tasked with figuring out how to control hypothetical superintelligent AI. At the APEC CEO Summit on Thursday, Altman said, "Four times now in the history of OpenAI — the most recent time was just in the last couple of weeks — I've gotten to be in the room when we push the veil of ignorance back and the frontier of discovery forward. And getting to do that is like the professional honor of a lifetime."

The concern here not necessarily being that OpenAI has developed superintelligence, which experts say is unlikely, but that the new breakthrough Altman mentioned may have added pressure to a company that is fighting within itself to proceed safely (from its non-profit branch) but also make money (from its for-profit subsidiary).
Former Google CEO/chairman Eric Schmidt tweeted, "Sam Altman is a hero of mine. He built a company from nothing to $90 Billion in value, and changed our collective world forever. I can't wait to see what he does next. I, and billions of people, will benefit from his future work- it's going to be simply incredible."

And reacting to the news, angel investor Ron Conway tweeted Friday that it looked like "a Board coup that we have not seen the likes of since 1985 when the then-Apple board pushed out Steve Jobs. It is shocking; it is irresponsible; and it does not do right by Sam & Greg or all the builders in OpenAI."

Addressing the charges of a "coup," OpenAI held "an impromptu all-hands meeting" Friday after the firing, according to a (paywalled) article from The Information: "You can call it this way," Sutskever said about the coup allegation. "And I can understand why you chose this word, but I disagree with this. This was the board doing its duty to the mission of the nonprofit, which is to make sure that OpenAI builds AGI that benefits all of humanity...." When Sutskever was asked whether "these backroom removals are a good way to govern the most important company in the world?" he answered: "I mean, fair, I agree that there is not an ideal element to it. 100%."
Reporter Kara Swisher predicted that Altman "will have a new company up by Monday."

"If i start going off, the openai board should go after me for the full value of my shares," Sam Altman posted on X Saturday — although Swisher wondered if Altman was simply trolling the company that had fired him.

"He has almost no shares, I believe."

An anonymous reader quotes a report from Ars Technica: On Wednesday, Replicate developer Charlie Holtz combined GPT-4 Vision (commonly called GPT-4V) and ElevenLabs voice cloning technology to create an unauthorized AI version of the famous naturalist David Attenborough narrating Holtz's every move on camera. As of Thursday afternoon, the X post describing the stunt had garnered over 21,000 likes. "Here we have a remarkable specimen of Homo sapiens distinguished by his silver circular spectacles and a mane of tousled curly locks," the false Attenborough says in the demo as Holtz looks on with a grin. "He's wearing what appears to be a blue fabric covering, which can only be assumed to be part of his mating display." "Look closely at the subtle arch of his eyebrow," it continues, as if narrating a BBC wildlife documentary. "It's as if he's in the midst of an intricate ritual of curiosity or skepticism. The backdrop suggests a sheltered habitat, possibly a communal feeding area or watering hole."

How does it work? Every five seconds, a Python script called "narrator" takes a photo from Holtz's webcam and feeds it to GPT-4V -- the version of OpenAI's language model that can process image inputs -- via an API, which has a special prompt to make it create text in the style of Attenborough's narrations. Then it feeds that text into an ElevenLabs AI voice profile trained on audio samples of Attenborough's speech. Holtz provided the code (called "narrator") that pulls it all together on GitHub, and it requires API tokens for OpenAI and ElevenLabs that cost money to run. During the demo video, when Holtz holds up a cup and takes a drink, the fake Attenborough narrator says, "Ah, in its natural environment, we observe the sophisticated Homo sapiens engaging in the critical ritual of hydration. This male individual has selected a small cylindrical container, likely filled with life-sustaining H2O, and is tilting it expertly towards his intake orifice. Such grace, such poise."

Lauren Irwin reports via The Hill: Google agreed to pay $8 billion over four years to Samsung to make its apps default on Samsung phones, according to information presented by Epic Games in court. James Kolotouros, vice president for partnerships at Google, testified Monday in a San Francisco trial, saying that the company and Samsung were to share app store revenue to ensure Android mobile devices came with Google Play preinstalled. Epic, the company that makes the popular video game "Fortnite," sued Google in 2020, alleging the company's app marketplace violates antitrust laws.

Epic is trying to show that Google executives have discouraged third-party app stores on Samsung devices so it wouldn't cut into the profit of Google Play, Bloomberg reported. According to Kolotouros's testimony, half or more of Google Play revenue comes from Samsung devices. The trial targets the app store that distributes apps for the company's Android software, which powers virtually all the world's smartphones that aren't made by Apple.

Epic alleges Google has created an illegal monopoly on Android apps so it can boost its profits through commissions, ranging from 15 to 30 percent on purchases made within an app. Google argues it was doing so to compete with Apple and its app store, an argument attacked by Epic attorney Lauren Moskowitz. Earlier in the trial, Google's attorney said the company can't be a monopoly because it faces competition from companies such as Apple. Further reading: Apple Gets 36% of Google Revenue in Search Deal, Witness Says

A bloc of 48 nations have developed the Crypto-Asset Reporting Framework (CARF), aimed at standardizing reporting requirements for crypto assets to address concerns related to money laundering and tax evasion. It's set to be implemented by 2027. The Register reports: Developed by the Organisation for Economic Co-operation and Development (OECD), the CARF was developed under the 168-member Global Forum on Transparency and Exchange of Information for Tax Purposes, with the G20 and the Organisation for Economic Co-operation and Development looking on approvingly and lending a hand. As the name implies, that Forum is all about sharing data so that each nation's tax authorities have the information they need to understand money movements and make sure they can see what they're allowed to tax. The Forum and the legislative instruments it has fostered include reporting requirements that ensure relevant information is collected by those who facilitate transactions and will be shared.

CARF brings similar reporting requirements to crypto assets. Note the term "crypto assets." That's important, because cryptocurrency is not the only blockchain-based instrument that worries authorities. Some, like non-fungible tokens, rely on the same "greater fool" theory that pumped up cryptocurrency prices, and can attract - ahem - interesting investors. But others are far less contentious or speculative, and instead aim to speed transaction processing. Stablecoins, for example, are often suggested as a means for faster and cheaper cross-border transactions than is possible with dominant transaction processing services. Tokenized assets can also be more easily integrated into applications to ease automated money movements.

That speed and flexibility is increasingly appreciated. But unless transactions made with those instruments can be observed, the potential for their use to evade tax authorities is high. CARF's use of the term "crypto assets" therefore signals an effort to cover the weird world of cryptocurrencies and the emerging classes of classier tokenized assets. The Framework was signed off in March 2023, and in the time since OECD members and other interested nations have been dotting the Is and crossing the Ts to prepare for its implementation. The Framework can be found here.