Hedge fund Elliott Management has told investors that Nvidia is in a "bubble," and the AI technology driving the chipmaking giant's share price is "overhyped." From a report: The Florida-based firm, which manages about $70bn in assets, said in a recent letter to clients seen by the Financial Times that the megacap technology stocks, particularly Nvidia, were in "bubble land." [non-paywalled link] It added that it was "sceptical" that Big Tech companies would keep buying the chipmaker's graphics processing units in such high volumes, and that AI is "overhyped with many applications not ready for prime time."

[...] Many of AI's supposed uses are "never going to be cost-efficient, are never going to actually work right, will take up too much energy, or will prove to be untrustworthy," it said. Elliott, which was founded by billionaire Paul Singer in 1977, added in its client letter that, so far, AI had failed to deliver a promised huge uplift in productivity. "There are few real uses," it said, other than "summarising notes of meetings, generating reports and helping with computer coding." AI, it added, was in effect software that had so far not delivered "value commensurate with the hype."

An anonymous reader quotes an op-ed, written by former hedge fund manager Marc Rubinstein: With new technologies come new rules governing how they are used. Often, policy is framed via analogy: Are social media platforms publishers or are they town squares? Are instant messages water-cooler chatter or are they formal communication? So it is with peer-to-peer electronic payments. Last week a US Senate committee joined the debate over whether they're analogous to cash or to bank-payment channels. It's an essential distinction -- for both consumers and the companies that provide this free service. [...] Yet while no bank would accept liability if a customer lost their wallet to a pickpocket, the senators' debate focused on who's responsible when fraudsters target electronic wallets. Last year, customers of the three largest lenders -- Bank of America, JPMorgan Chase and Wells Fargo -- lost a total of $370 million via Zelle, the platform these banks jointly own with four others. According to the majority staff report (PDF) filed by the Permanent Subcommittee on Investigations, which convened the July 23 hearing, the banks reimbursed only around $100 million of that, leaving consumers to shoulder the rest. While small in the context of overall volume that go through Zelle -- $806 billion last year, of which these banks did 73% -- that's cold comfort for the customers.

Legally, a bank's obligation rests on whether clients fall victim to a "fraud" or to a "scam." In a fraud, money is transferred out of the user's account without their authorization, usually as the result of hacking. Under the Electronic Fund Transfer Act, banks are required to reimburse such losses. As long as the customer authorizes the transaction, though, even if fraudulently induced to do so, banks don't have to pick up the tab. Such scams are growing as fraudsters parade as a bank employee, a love interest or a potential new employer, often via social media. According to a Pew Research survey, 13% of P2P platform users reported sending money, only later to realize they were set up. Persuading your bank you are the victim of a fraud rather than a scam can take some work. [...] For bad guys, the speed of P2P payments makes them a particularly attractive target. A Zelle transfer can take 20 to 30 seconds to initiate. In most cases, by the time an unsuspecting consumer realizes they have been targeted, their money is already gone. Banks argue this is no different from cash. [...]

However, others see P2P transactions more akin to electronic payments and question why reimbursement rates, at 26% in the case of Zelle, are so much lower than for credit-card payments (47%) or debit-card payments (36%) at the three big banks. Despite critical differences, the subcommittee agrees. Its report recommends extending purchase protections standard in credit and debit-card markets to commercial P2P payments, and amending the Electronic Fund Transfer Act to make fraudulently induced transactions subject to reimbursement. Such a move has already been adopted in the UK, where new rules requiring financial institutions to fully reimburse victims of scams come into force in October this year. US bankers aren't keen. "We need to be thoughtful and think about unintended consequences," Adam Vancini, Wells Fargo's head of payments for Consumer, Small & Business Banking, said at the Senate hearing. For now, Zelle transfers enjoy all the benefits of cash. Layer in the benefits of card payments, too, and the no-cost model may disappear.

The results of Los Angeles' 12-month guaranteed income pilot program show that it was "overwhelmingly beneficial (source may be paywalled; alternative source)," reports the Los Angeles Times. The program, which involved giving L.A.'s poorest families cash assistance of $1,000 a month with no strings attached, significantly improved participants' financial stability, job opportunities, and overall well-being. From the report: The Basic Income Guaranteed: Los Angeles Economic Assistance Pilot, or BIG:LEAP, disbursed $38.4 million in city funds to 3,200 residents who were pregnant or had at least one child, lived at or below the federal poverty level and experienced hardship related to COVID-19. Participants were randomly selected from about 50,000 applicants and received the payments for 12 months starting in 2022. The city paid researchers $3.9 million to help design the trial and survey participants throughout about their experiences.

[Dr. Amy Castro, co-founder of the University of Pennsylvania's Center for Guaranteed Income Research] and her colleagues partnered with researchers at UCLA's Fielding School of Public Health to compare the experiences of participants in L.A.'s randomized control trial -- the country's first large-scale guaranteed-income pilot using public funds -- with those of nearly 5,000 people who didn't receive the unconditional cash. Researchers found that participants reported a meaningful increase in savings and were more likely to be able to cover a $400 emergency during and after the program. Guaranteed-income recipients also were more likely to secure full-time or part-time employment, or to be looking for work, rather than being unemployed and not looking for work, the study found.

In a city with sky-high rents, participants reported that the guaranteed income functioned as "a preventative measure against homelessness," according to the report, helping them offset rental costs and serving as a buffer while they waited for other housing support. It also prevented or reduced the incidence of intimate partner violence, the analysis found, by making it possible for people and their children to leave and find other housing. Intimate partner violence is an intractable social challenge, Castro said, so to see improvements with just 12 months of funding is a "pretty extraordinary change." People who had struggled to maintain their health because of inflexible or erratic work schedules and lack of child care reported that the guaranteed income provided the safety net they needed to maintain healthier behaviors, the report said. They reported sleeping better, exercising more, resuming necessary medications and seeking mental health therapy for themselves and their children. Compared with those who didn't receive cash, guaranteed income recipients were more likely to enroll their kids in sports and clubs during and after the pilot.

A decade ago, the Gates Foundation announced it will cease covering open-access publishing costs for its grantees from 2025. This shift, following a decade of support for free access to research, sparked concerns in the scientific community. Experts fear the move could undermine the open-access model, which aims to make taxpayer-funded studies freely available. The decision also marked a significant change in the foundation's approach to disseminating research findings, potentially impacting global access to critical scientific information. So where do we go from here? From a report: [The Gates Foundation] notes that open access in its current form has resulted in "some unsavory publishing practices," including unchecked pricing from journals and publishers, questionable peer review, and paper mills -- people or organizations that produce fake or subpar papers and sell authorship slots on them. "Last year was a really pivotal year in scholarly publishing since lots of people who were really pushing gold open access for many years are now thinking, 'Oh, what beast have we created?'" says James Butcher, an independent publishing consultant in Liverpool, England, who writes the newsletter Journalology. "It plays into the hands of the big corporates because it's all about scale."

Gold OA creates incentives for journals to publish as many papers as possible to make more money. Some publishers, often referred to as gray OA publishers, have been criticized for exploiting the gold OA model to churn out high volumes of low-quality studies. Butcher says that because subscription- based publishers traditionally couldn't increase revenues by publishing more papers, they tended to keep volumes fairly level. In contrast, Johan Rooryck, a French linguistics researcher at Leiden University and a proponent of open access, points to a "very rapid rise" in gold OA journals and papers in the past decade. The Gates Foundation is now suggesting that authors post online preprints of their author-accepted manuscripts -- near-final versions of studies accepted by journals for publication before they are typeset or copyedited -- and then publish in whichever journals they like.

An anonymous reader quotes a report from The Guardian: Proposals to slap a wealth tax on the world's super-rich could yield $250 billion a year to tackle the climate crisis and address poverty and inequality, but would affect only a small number of billionaire families, Brazil's climate chief has said. Ministers from the G20 group of the world's biggest developed and emerging economies are meeting in Rio de Janeiro this weekend, where Brazil's proposal for a 2% wealth tax on those with assets worth more than $1 billion is near the top of the agenda. No government was speaking out against the tax, said Ana Toni, who is national secretary for climate change in the government of President Luiz Inacio Lula da Silva. "Our feeling is that, morally, nobody's against," she told the Observer in an interview. "But the level of support from some countries is bigger than others."

However, the lack of overt opposition does not mean the tax proposal is likely to be approved. Many governments are privately skeptical but unwilling to publicly criticize a plan that would shave a tiny amount from the rapidly accumulating wealth of the planet's richest few, and raise money to address the pressing global climate emergency. Janet Yellen, the US Treasury secretary, told journalists in Rio that the US "did not see the need" for a global initiative. "People are not keen on global taxes," Toni admitted. "And there is a question over how you implement global taxes." But she said levying and raising a tax globally was possible, as had been shown by G7 finance ministers' agreement to levy a minimum 15% corporate tax. "It should be at a global level, because otherwise, obviously, rich people will move from one country to another," she said.

Only about 100 families around the world would be affected by the proposed 2% levy, she added. The world's richest 1% have added $42 trillion to their wealth in the past decade, roughly 36 times more than the bottom half of the world's population did. The question of how funds raised by such taxation should be spent had also not been settled, noted Toni. Some economists have argued that the idea was more likely to be accepted if the proceeds were devoted to solving the climate crisis than if they were used to address global inequality. Other experts say at least some of the money should be used for poverty alleviation.

Meta will pay Texas $1.4 billion to settle a lawsuit alleging the company used personal biometric data without user consent, marking the largest privacy-related settlement ever obtained by a state. The Texas Tribune reports: The 2022 lawsuit, filed by Texas Attorney General Ken Paxton in state court, alleged that Meta had been using facial recognition software on photos uploaded to Facebook without Texans' consent. The settlement will be paid over five years. The attorney general's office did not say whether the money from the settlement would go into the state's general fund or if it would be distributed in some other way. The settlement, announced Tuesday, does not act as an admission of guilt and Meta maintains no wrongdoing. This was the first lawsuit Paxton's office argued under a 2009 state law that protects Texans' biometric data, like fingerprints and facial scans. The law requires businesses to inform and get consent from individuals before collecting such data. It also limits sharing this data, except in certain cases like helping law enforcement or completing financial transactions. Businesses must protect this data and destroy it within a year after it's no longer needed.

In 2011, Meta introduced a feature known as Tag Suggestions to make it easier for users to tag people in their photos. According to Paxton's office, the feature was turned on by default and ran facial recognition on users' photos, automatically capturing data protected by the 2009 law. That system was discontinued in 2021, with Meta saying it deleted over 1 billion people's individual facial recognition data. As part of the settlement, Meta must notify the attorney general's office of anticipated or ongoing activities that may fall under the state's biometric data laws. If Texas objects, the parties have 60 days to attempt to resolve the issue. Meta officials said the settlement will make it easier for the company to discuss the implications and requirements of the state's biometric data laws with the attorney general's office, adding that data protection and privacy are core priorities for the firm.

"A Fortune 50 company paid a record-breaking $75 million ransom payment to the Dark Angels ransomware gang," writes BleepingComputer's Lawrence Abrams, citing a report (PDF) by Zscaler ThreatLabz. From the report: The largest known ransom payment was previously $40 million, which insurance giant CNA paid after suffering an Evil Corp ransomware attack. While Zscaler did not share what company paid the $75 million ransom, they mentioned the company was in the Fortune 50 and the attack occurred in early 2024. One Fortune 50 company that suffered a cyberattack in February 2024 is pharmaceutical giant Cencora, ranked #10 on the list. No ransomware gang ever claimed responsibility for the attack, potentially indicating that a ransom was paid.

Zscaler ThreatLabz says that Dark Angels utilizes the "Big Game Hunting" strategy, which is to target only a few high-value companies in the hopes of massive payouts rather than many companies at once for numerous but smaller ransom payments. "The Dark Angels group employs a highly targeted approach, typically attacking a single large company at a time," explains the Zscaler ThreatLabz researchers. "This is in stark contrast to most ransomware groups, which target victims indiscriminately and outsource most of the attack to affiliate networks of initial access brokers and penetration testing teams." According to Chainalysis, the Big Game Hunting tactic has become a dominant trend utilized by numerous ransomware gangs over the past few years.

Russian lawmakers passed a bill on Tuesday that will allow businesses to use crypto currencies in international trade, as part of efforts to skirt Western sanctions imposed after Russia's invasion of Ukraine. From a report: The law is expected to go into force in September, and Russian central bank Governor Elvira Nabiullina, one of the backers of the new law, said the first transactions in cryptocurrencies will take place before the end of the year. Russia has faced significant delays in international payments with major trading partners such as China, India and the United Arab Emirates after banks in those countries, under pressure from Western regulators, became more cautious.

"We are taking a historic decision in the financial sphere," the head of the Duma lower house of parliament, Anatoly Aksakov, told lawmakers. Under the new law, the central bank will create a new "experimental" infrastructure for cryptocurrency payments. Details of the infrastructure have yet to be announced.

An anonymous reader quotes a report from CNBC: Delta Air Lines has hired prominent attorney David Boies to seek damages from CrowdStrike and Microsoft following an outage this month that caused millions of computers to crash, leading to thousands of flight cancellations. CrowdStrike shares fell as much as 5% in extended trading on Monday after CNBC's Phil Lebeau reported on Delta's hiring of Boies, chairman of Boies Schiller Flexner. Microsoft was little changed. [...] While no suit has been filed, Delta plans to seek compensation from Microsoft and CrowdStrike, Lebeau reported. The outages cost Delta an estimated $350 million to $500 million. Delta is dealing with over 176,000 refund or reimbursement requests after almost 7,000 flights were canceled.

Boies is known for representing the U.S. government in its landmark antitrust case against Microsoft and for helping win a decision that overturned California's ban on gay marriage. He also worked with Harvey Weinstein, the imprisoned former Hollywood mogul, and Theranos founder Elizabeth Holmes, who is currently serving a prison sentence for defrauding investors. Insurance startup Parametrix estimated that the CrowdStrike incident resulted in a total loss of $5.4 billion for Fortune 500 companies, not including Microsoft.

An anonymous reader quotes a report from Ars Technica: The death of the US government's Affordable Connectivity Program (ACP) is starting to result in disconnection of Internet service for Americans with low incomes. On Friday, Charter Communications reported a net loss of 154,000 Internet subscribers that it said was mostly driven by customers canceling after losing the federal discount. About 100,000 of those subscribers were reportedly getting the discount, which in some cases made Internet service free to the consumer. The $30 monthly broadband discounts provided by the ACP ended in May after Congress failed to allocate more funding. The Biden administration requested (PDF) $6 billion to fund the ACP through December 2024, but Republicans called the program "wasteful."

Republican lawmakers' main complaint was that most of the ACP money went to households that already had broadband before the subsidy was created. FCC Chairwoman Jessica Rosenworcel warned that killing the discounts would reduce Internet access, saying (PDF) an FCC survey found that 77 percent of participating households would change their plan or drop Internet service entirely once the discounts expired. Charter's Q2 2024 earnings report provides some of the first evidence of users dropping Internet service after losing the discount. "Second quarter residential Internet customers decreased by 154,000, largely driven by the end of the FCC's Affordable Connectivity Program subsidies in the second quarter, compared to an increase of 70,000 during the second quarter of 2023," Charter said.

Across all ISPs, there were 23 million US households enrolled in the ACP. Research released in January 2024 found that Charter was serving over 4 million ACP recipients and that up to 300,000 of those Charter customers would be "at risk" of dropping Internet service if the discounts expired. Given that ACP recipients must meet low-income eligibility requirements, losing the discounts could put a strain on their overall finances even if they choose to keep paying for Internet service. [...] Light Reading reported that Charter attributed about 100,000 of the 154,000 customer losses to the ACP shutdown. Charter said it retained most of its ACP subscribers so far, but that low-income households might not be able to continue paying for Internet service without a new subsidy for much longer.

"Deepfake scams are becoming more prolific and their quality will only improve over time," writes longtime Slashdot reader smooth wombat. "However, one question can stop them dead in their tracks. Such was the case with Ferrari earlier this month when a suspicious executive saved the company from being the latest victim." From a report: It all began with a series of WhatsApp messages from someone posing as Ferrari's CEO [Benedetto Vigna]. The messages, seeking urgent help with a supposed classified acquisition, came from a different number but featured a profile picture of Vigna standing in front of the Ferrari emblem. As reported by Bloomberg, one of the messages read: "Hey, did you hear about the big acquisition we're planning? I could need your help." The scammer continued, "Be ready to sign the Non-Disclosure Agreement our lawyer will send you ASAP." The message concluded with a sense of urgency: "Italy's market regulator and Milan stock exchange have already been informed. Maintain utmost discretion."

Following the text messages, the executive received a phone call featuring a convincing impersonation of Vigna's voice, complete with the CEO's signature southern Italian accent. The caller claimed to be using a different number due to the sensitive nature of the matter and then requested the executive execute an "unspecified currency hedge transaction." The oddball money request, coupled with some "slight mechanical intonations" during the call, raised red flags for the Ferrari executive. He retorted, "Sorry, Benedetto, but I need to verify your identity," and quizzed the CEO on a book he had recommended days earlier. Unsurprisingly, the impersonator flubbed the answer and ended the call in a hurry.

An anonymous reader quotes a report from Bloomberg: A number of fiber optic cables carrying broadband service across France were cut overnight in the latest attack on the country's infrastructure during the Olympic Games. Connections serving Paris, which is hosting the Olympic Games this week, and the games themselves weren't affected, a spokesman for Olympics telecom partner, Orange SA, said. Still, this is the second sabotage of French infrastructure in the past few days as the world converges on the capital. Coordinated fires on French rail lines disrupted trains ahead of the opening ceremony on Friday.

The fiber cables were cut in nine departments overall including: Ardeche, Aude, Bouches-du-Rhone, Drome, Herault, Vaucluse, Marne, Meuse and Oise, the French Telecom Federation said. SFR said its network was vandalized between 1 a.m. and 3 a.m. Paris time, and teams are working on repairs, a spokesman for the French phone company said. The carrier is using alternative routes to serve customers, though redirecting the traffic might lead to slower speeds. Other carriers, including Iliad SA's Free and Netalis, also said they were impacted in social media posts. Netalis Chief Executive Officer Nicolas Guillaume said that the telecom company had successfully moved traffic to backup networks early on Monday. French cloud provider OVHcloud is also working to reroute traffic after the incident, which had caused slower performance on connections between Europe and Asia Pacific, a spokesman said. "We advocate for France reinforcing criminal sanctions for vandalism on telecom infrastructure, which should be put at the same level as vandalism on energy infrastructure," said Romain Bonenfant, head of the French Telecom Federation industry group, in an interview. "Telecom infrastructure, like the railways, covers kilometers across the whole territory -- you can't put surveillance on every part of it."

An anonymous reader shares a report: Indian cryptocurrency exchange WazirX announced on Saturday a controversial plan to "socialize" the $230 million loss from its recent security breach among all its customers, a move that has sent shockwaves through the local crypto community.

The Mumbai-based firm, which suspended all trading activities on its platform last week following the cyber attack that compromised nearly half of its reserves in India's largest crypto heist, has outlined a strategy to resume operations within a week or so while implementing a "fair and transparent socialized loss strategy" to distribute the impact "equitably" among its user base.

WazirX will "rebalance" customer portfolios on its platform, returning only 55% of their holdings while locking the remaining 45% in USDT-equivalent tokens. This will also impact customers whose tokens were not directly affected by the breach, with the company stating that "users with 100% of their tokens in the 'not stolen' category will receive 55% of those tokens back."

Amazon paid nearly $1 billion to acquire the live-video startup Twitch Interactive in 2014. A decade later, the retail giant has received little financial return from one of its bigger acquisitions. WSJ: Known for hourslong broadcasts of videogame play, Twitch remains unprofitable despite periods of explosive popularity, according to current and former employees knowledgeable about its finances. Documents reviewed by The Wall Street Journal show Twitch's biggest-paying users are opening their wallets less, and third-party data reflect that growth in new users and engagement has slowed.

Following two rounds of layoffs in the past year, staffers are concerned that a third round could come this fall following an annual operational review, according to people familiar with the matter. Amazon Chief Executive Andy Jassy, who took over in 2021, has led a profitability review at the company and shown little tolerance for unprofitable businesses. Insiders said they worry Twitch is at risk of becoming what they called a "zombie brand" at Amazon -- internal projects or acquisitions that have been sidelined because they haven't lived up to expectations. These staffers pointed to book-review app Goodreads, online task finder Mechanical Turk and discount website Woot.

Ford's stock dropped 20% this week — mostly falling off the cliff Wednesday after failing to meet Wall Street's expectations for its quarterly profits, according to MarketWatch — and notching "another billion-dollar loss on EVs." "The remaking of Ford is not without its growing pains," Ford Chief Executive Jim Farley said on a call with investors after the results. "We look forward to proving our EV strategy out. That has become more realistic and sharpened by the tough environment." Ford is "confident" it can reduce losses and sustain a profitable business in the future, he added. The car maker plans to focus on "very differentiated" EVs priced under $40,000 and $30,000, and on two segments, work and adventure, Farley said.

Larger EVs will be part of the picture, but success there will require more breakthroughs on costs, the CEO said, adding that Ford's EV journey overall has been "humbling...."

The results included an EBIT loss of $1.1 billion for Ford's EV segment, "amid ongoing industrywide pricing pressure on first-generation electric vehicles and lower wholesales," the car maker said... Ford kept its expectations that the EV business will lose between $5.0 billion and $5.5 billion for the year, "with continued pricing pressure and investments in next-generation electric vehicles," it said.
Ford's CEO went on to say that their company is totally open to partnerships for electric vehicles, according to the article. "This is absolutely a flip-the-script moment for our company."

Thanks to long-time Slashdot reader sinij for sharing the news.

The U.K. government "will substantially increase offshore wind investment in the next five years," writes long-time Slashdot reader shilly — "in partnership with the Crown Estate (a public corporation that owns land including the coastal seabed on behalf of the monarch)." It will do this via its new state-owned energy generation [and investment] company, Great British Energy. The new approach includes ensuring grid connections are in place, and is in tandem with changes to the UK's planning regime that should reduce the ability of NIMBY groups to prevent infrastructure build-outs. Since [the Labour Party] came to power 20 days ago, the government has also approved three new solar farms and reversed a ban on onshore wind.
Labour Prime Minister Keir Starmer said in a speech Thursday that "I don't just want to be in the race for clean energy; I want us to win the race for clean energy," according to an article by BNN Bloomberg: Thursday's announcement marks the first concrete step by the government to use Great British Energy in its quest for a zero-carbon electric grid by 2030. The collaboration with the Crown Estate, owners of the UK's seabed, means the public sector will get involved in projects earlier and may attract more private funding... Great British Energy is receiving £8.3 billion of taxpayer money to own and operate assets in collaboration with the private sector.
The article points out that "By allowing borrowing, the government believes 20-30 gigawatts of new offshore wind seabed leases can be secured by 2030."

As Prime Minister Keir Starmer said in his speech, "We've got the potential, we've got the ports, we've got the people, the skills."

Longtime Slashdot reader sandbagger shares a report from The Verge: Early termination fees are "a bit like heroin for Adobe," according to an Adobe executive quoted in the FTC's newly unredacted complaint against the company for allegedly hiding fees and making it too hard to cancel Creative Cloud. "There is absolutely no way to kill off ETF or talk about it more obviously" in the order flow without "taking a big business hit," this executive said. That's the big reveal in the unredacted complaint, which also contains previously unseen allegations that Adobe was internally aware of studies showing its order and cancellation flows were too complicated and customers were unhappy with surprise early termination fees. In response to the quote, Adobe's general counsel and chief trust officer, Dana Rao, said that he was "disappointed in the way they're continuing to take comments out of context from non-executive employees from years ago to make their case."

Rao added that the person quoted was not on the leadership team that reports to CEO Shantanu Narayen and that whether to charge early termination fees would "not be their decision." The early termination fees in the FTC case represent "less than half a percent of our annual revenue," Rao told The Verge. "It doesn't drive our business, it doesn't drive our business decisions."

More students are getting high scores on Advanced Placement tests, long seen as a gateway to elite college admissions as well as a way to earn college credit during high school. From a report: Changes by the tests' maker in recent years have shifted scores upward. That has led to hundreds of thousands of additional students getting what's considered a passing score -- 3 or above on the 1-to-5 scale -- on exams in popular courses including AP U.S. History and AP U.S. Government.

The nonprofit behind the tests, College Board, says it updated the scoring by replacing its panel of experts with a large-scale data analysis to better reflect the skills students learn in the courses. Some skeptical teachers, test-prep companies and college administrators see the recent changes as another form of grade inflation, and a way to boost the organization's business by making AP courses seem more attractive.

"It is hard to argue with the premise of AP, that students who are talented and academically accomplished can get a head start on college," said Jon Boeckenstedt, the vice provost of enrollment at Oregon State University. "But I think it's a business move." The number of students cheering their higher AP scores could rise again next year. The College Board said it is still recalibrating several other subjects, including its most popular course, AP English Language, which attracts more than half a million test takers.

Lindsay Clark reports via The Register: Only 14 percent of Oracle Java subscribers plan to stay on Big Red's runtime environment, according to a study following the introduction of an employee-based subscription model. At the same time, 36 percent of the 663 Java users questioned said they had already moved to the employee-based pricing model introduced in January 2023. Shortly after the new model was implemented, experts warned that it would create a significant price hike for users adopting it. By July, global tech research company Gartner was forecasting that those on the new subscription package would face between two and five times the costs compared with the previous usage-based model.

As such, among the 86 percent of respondents using Oracle Java SE who are currently moving or plan to move all or some of their Java applications off Oracle environments, 53 percent said the Oracle environment was too expensive, according to the study carried out by independent market research firm Dimensional Research. Forty-seven percent said the reason for moving was a preference for open source, and 38 percent said it was because of uncertainty created by ongoing changes in pricing, licensing, and support. [...]

To support OpenJDK applications in production, 46 percent chose a paid-for platform such as Belsoft Liberica, IBM Semeru, or Azul Platform Core; 45 percent chose a free supported platform such as Amazon Corretto or Microsoft Build of OpenJDK; and 37 percent chose a free, unsupported platform. Of the users who have already moved to OpenJDK, 25 percent said Oracle had been significantly more expensive, while 41 percent said Big Red's licensing had made it somewhat more expensive than the alternative. The survey found three-quarters of Java migrations were completed within a year, 23 percent within three months.

North Korean hackers have conducted a global cyber espionage campaign to try to steal classified military secrets to support Pyongyang's banned nuclear weapons programme, the United States, Britain and South Korea said in a joint advisory on Thursday. From a report: The hackers, dubbed Anadriel or APT45 by cybersecurity researchers, have targeted or breached computer systems at a broad variety of defence or engineering firms, including manufacturers of tanks, submarines, naval vessels, fighter aircraft, and missile and radar systems, the advisory said. "The authoring agencies believe the group and the cyber techniques remain an ongoing threat to various industry sectors worldwide, including but not limited to entities in their respective countries, as well as in Japan and India," the advisory said.

It was co-authored by the U.S. Federal Bureau of Investigation (FBI), the U.S. National Security Agency (NSA) and cyber agencies, Britain's National Cyber Security Centre (NCSC), and South Korea's National Intelligence Service (NIS). "The global cyber espionage operation that we have exposed today shows the lengths that DPRK state-sponsored actors are willing to go to pursue their military and nuclear programmes," said Paul Chichester at the NCSC, a part of Britain's GCHQ spy agency. The FBI also issued an arrest warrant for one of the alleged North Korean hackers, and offered a reward of up to $10 million for information that would lead to his arrest. He was charged with hacking and money laundering, according to a poster uploaded to the FBI's Most Wanted website on Thursday.