Zillow CEO Jeremy Wacksman "recently told Entrepreneur magazine that almost five years of remote work has 'been fantastic for us,'" writes the Seattle Times. Zillow shifted to allowing people to work fully remote during the pandemic. It's been a recruiting and retention tool for Zillow as they "now see four times the number of job applicants for every job we have versus what we did before the pandemic," Wacksman said.

While Zillow still lists its corporate headquarters as Seattle, the company bills itself as "cloud-headquartered," with remote workers and satellite offices. Wacksman's comments are backed by serious real estate moves the company has made over the past five years. An annual report detailing Zillow's financial results for 2024 shows its Seattle headquarters and offices across the country are shrinking. In 2019, Zillow had 386,275 square feet of office space in Seattle after steadily gobbling up floors of the Russell Investments Center downtown over the prior five years. The company reported it had 113,470 square feet in Seattle at the end of 2024... The company has drastically cut costs by shedding offices. Zillow's total leasing costs reached $54 million in 2022 and dropped to $34 million last year... It expects those costs to decrease even further, to $18 million by 2029. Zillow is also taking advantage of subleasing some of its office space and expects $26 million in sublease income between 2025 and 2030...

Zillow's financial results from last year suggest the workforce has been productive while logging in from home. The company reported Tuesday that it beat Wall Street expectations for the last three months of 2024 with a quarterly revenue of $554 million. Wacksman said in a news release Tuesday that 2024 was a "remarkable year for Zillow," as it reached its goal of double-digit revenue growth.

Intel's stock jumped nearly 19% this week. "However, in the past year through Wednesday's close, Intel stock had fallen 53%," notes Investor's Business Daily: The appointment of Lip-Bu Tan as CEO is a "good start" but Intel has significant challenges, Morgan Stanley analyst Joseph Moore said in a client note. Those challenges include delays in its server chip product line, a very competitive PC chip market, lack of a compelling AI chip offering, and over $10 billion in losses in its foundry business over the past 12 months. There is "no quick fix" for those issues, he said.
"There are things you can do," a Columbia business school associate professor tells the Wall Street Journal in a video interview, "but it's going to be incremental, and it's going to be extremely risky... They will try to be competitive in the foundry manufacturing space," but "It takes very aggressive investments."

Meanwhile, TSMC is exploring a joint venture where they'd operate Intel's factories, even pitching the idea to AMD, Nvidia, Broadcam, and Qualcomm, according to Reuters. (They add that Intel "reported a 2024 net loss of $18.8 billion, its first since 1986," and talked to multiple sources "familiar with" talks about Intel's future). Multiple companies have expressed interest in buying parts of Intel, but two of the four sources said the U.S. company has rejected discussions about selling its chip design house separately from the foundry division. Qualcomm has exited earlier discussions to buy all or part of Intel, according to those people and a separate source. Intel board members have backed a deal and held negotiations with TSMC, while some executives are firmly opposed, according to two sources.
"They say Lip-Bu Tan is the best hope to fix Intel — if Intel can be fixed at all," writes the Wall Street Journal: He brings two decades of semiconductor industry experience, relationships across the sector, a startup mindset and an obsession with AI...and basketball. He also comes with tricky China business relationships, underscoring Silicon Valley's inability to sever itself from one of America's top adversaries... [Intel's] stock has lost two-thirds of its value in four short years as Intel sat out the AI boom...

Manufacturing chips is an enormous expense that Intel can't currently sustain, say industry leaders and analysts. Former board members have called for a split-up. But a deal to sell all or part of Intel to competitors seems to be off the table for the immediate future, according to bankers. A variety of early-stage discussions with Broadcom, Qualcomm, GlobalFoundries and TSMC in recent months have failed to go anywhere, and so far seem unlikely to progress. The company has already hinted at a more likely outcome: bringing in outside financial backers, including customers who want a stake in the manufacturing business...

Tan has likely no more than a year to turn the company around, said people close to the company. His decades of investing in startups and running companies — he founded a multinational venture firm and was CEO of chip design company Cadence Design Systems for 13 years — provide indications of how Tan will tackle this task in the early days: by cutting expenses, moving quickly and trying to turn Intel back into an engineering-first company. "In areas where we are behind the competition, we need to take calculated risks to disrupt and leapfrog," Tan said in a note to Intel employees on Wednesday. "And in areas where our progress has been slower than expected, we need to find new ways to pick up the pace...."

Many take this culture reset to also mean significant cuts at Intel, which already shed about 15,000 jobs last year. "He is brave enough to adjust the workforce to the size needed for the business today," said Reed Hundt, a former Intel board member who has known Tan since the 1990s.

Long-time Slashdot reader theodp writes: Wall Street Journal K-12 education reporter Matt Barnum has a heads-up for parents: There's a Good Chance Your Kid Uses AI to Cheat. Barnum writes:

"A high-school senior from New Jersey doesn't want the world to know that she cheated her way through English, math and history classes last year. Yet her experience, which the 17-year-old told The Wall Street Journal with her parent's permission, shows how generative AI has rooted in America's education system, allowing a generation of students to outsource their schoolwork to software with access to the world's knowledge. [...] The New Jersey student told the Journal why she used AI for dozens of assignments last year: Work was boring or difficult. She wanted a better grade. A few times, she procrastinated and ran out of time to complete assignments. The student turned to OpenAI's ChatGPT and Google's Gemini, to help spawn ideas and review concepts, which many teachers allow. More often, though, AI completed her work. Gemini solved math homework problems, she said, and aced a take-home test. ChatGPT did calculations for a science lab. It produced a tricky section of a history term paper, which she rewrote to avoid detection. The student was caught only once."

Not surprisingly, AI companies play up the idea that AI will radically improve learning, while educators are more skeptical. "This is a gigantic public experiment that no one has asked for," said Marc Watkins, assistant director of academic innovation at the University of Mississippi.

Slashdot has run nearly a dozen stories about Michael Mann, one of America's most prominent climate scientists and a co-creator of the famous "hockey stick" graph of spiking temperatures. In 2012 Mann sued two bloggers for defamation — and last year Mann finally won more than $1 million, reports the Washington Post. "A jury found that two conservative commentators had defamed him by alleging that he was like a child molester in the way he had 'molested and tortured' climate data."

But "Now, a year after that ruling, the case has taken a turn that leaves Mann in the position of the one who owes money." On Wednesday, a judge sanctioned Mann's legal team for "bad-faith trial misconduct" for overstating how much the scientist lost in potential grant funding as a result of reputational harm. The lawyers had shown jurors a chart that listed one grant amount Mann didn't get at $9.7 million, though in other testimony Mann said it was worth $112,000. And when comparing Mann's grant income before and after the negative commentary, the lawyers cited a disparity of $2.8 million, but an amended calculation pegged it at $2.37 million.


The climate scientist's legal team said it was preparing to fight the setbacks in court. Peter J. Fontaine, one of Mann's attorneys, wrote in an email that Mann "believes that the court committed errors of fact and law and will pursue these matters further." Fontaine emphasized that the original decision — that Mann was defamed by the commentary — still stands. "We have reviewed the recent rulings by the D.C. Superior Court and are pleased to note that the court has upheld the jury's verdict," he said.
Thanks to Slashdot reader UsuallyReasonable for sharing the news.

An anonymous reader quotes a report from Fortune: Younger Americans don't have enough saved to cover a single month of spending, showcasing their vulnerability should the economy head into a downturn. Members of the Gen Z generation -- people born after 1995 -- were spending twice the amount they had in savings on average in February, according to Bank of America Institute analysis of internal account and card data released Friday. The ratio has increased in the past two years, and is much higher than for other generations. In part that's because Gen Z consumers, many of whom still hold entry-level positions and make less than their older peers, tend to spend a bigger share of their incomes on necessities including rent and utilities. But they're also more likely to shell out on discretionary categories like travel and entertainment. Spending in non-essentials among that cohort is up more than 25% from a year ago -- substantially above the overall rate.

While the report noted that Gen Z workers are still garnering robust pay gains compared to older groups, it showcases a point of vulnerability as households' views of the economy dim. [...] The Bank of America report also pointed to a worsening labor market for younger Americans. The number of Gen Z households receiving unemployment benefits rose by nearly a third in the past year -- the most of any generation. It also noted that, with underemployment on the rise, that could have long-term career effects for that cohort.

The IRS is pausing its technology modernization efforts to reassess its strategy in light of AI advancements. Reuters reports: The agency will review a number of technology modernization initiatives that have been taken in recent years, including a new direct free filing system for tax returns that was launched last year under the Biden administration, the official told reporters. The official said the IRS did not have a specific number of staff cuts in mind as a result of the technology pause, but said there would be an opportunity to "realign the workforce to those new ways of doing business."

The US government's tariff announcements have become a "big headache" for technology companies such as iPhone maker Apple and cloud service provider Amazon, their manufacturing partner Foxconn said on Friday, in a rare public admission of the disruption caused by President Donald Trump's erratic trade policy. Financial Times: "The issue of tariffs is something that is giving the CEOs of our customers a big headache now," chief executive Young Liu told investors on an earnings call. "Judging by the attitude and the approach we see the US government taking towards tariffs, it is very, very hard to predict how things will develop over the next year. So we can only concentrate on doing well what we can control."

Liu said the company's customers were "one after another" hatching plans for co-operating with Foxconn on manufacturing in the US. He declined to give details as those plans were not yet finalised, but said there should be "more and more" manufacturing in the US.

An anonymous reader quotes a report from 404 Media: Last week, Aix Marseille University, France's largest university, invited American scientists who believe their work is at risk of being censored by Donald Trump administration's anti-science policies to continue their research in France. Today, the university announced that it is already seeing great interest from scientists at NASA, Yale, Stanford, and other American schools and government agencies, and that it wants to expand the program to other schools and European countries to absorb all the researchers who want to leave the United States. "We are witnessing a new brain drain," Eric Berton, Aix Marseille University's president, said in a press release. "We will do everything in our power to help as many scientists as possible continue their research. However, we cannot meet all demands on our own. The Ministry of Education and Research is fully supporting and assisting us in this effort, which is intended to expand at both national and European levels."

The press release from the university claims that researchers from Stanford, Yale, NASA, the National Institute of Health, George Washington University, "and about 15 other prestigious institutions," are now considering "scientific exile." More than 40 American scientists have expressed interest in the program, it said. Their key research areas are "health (LGBT+ medicine, epidemiology, infectious diseases, inequalities, immunology, etc.), environment and climate change (natural disaster management, greenhouse gases, social impact, artificial intelligence), humanities and social sciences (communication, psychology, history, cultural heritage), astrophysics."

"The current Executive Orders have led to a termination of one of my research grants. While it was not a lot of money, it was a high profile, large national study," one researcher who has reached out to Aix Marseille University in order to take advantage of the program told me. 404 Media granted the researcher anonymity because speaking about the program might jeopardize their current position at a leading American university. "While I have not had to lay off staff as a result of that particular cancellation, I will have to lay off staff if additional projects are terminated. Everything I focus on is now a banned word." The program, called "Safe Place for Science," initially will fund 15 researchers with 15 million Euros. Aix Marseille University says that it is already working closely with the regional government and France's Chamber of Commerce and Industry "to facilitate the arrival of these scientists and their families in the region, offering support with employment, housing, school access, transportation, and visas." "We are doing what is necessary to provide them with the best living environment. We are ready to welcome them and will make them true children of the country!" Renaud Muselier, President of the Regional Council of Provence-Alpes-Cote d'Azur, said in a statement.

MojoKid writes: AMD just launched its latest flagship desktop processors, the Ryzen 9 9950X3D. Ryzen 9 9950X3D is a 16-core/32-thread, dual-CCD part with a base clock of 4.3GHz and a max boost clock of 5.7GHz. There's also 96MB of second-gen 3D V-Cache on board. Standard Ryzen 9000 series processors feature 32MB of L3 cache per compute die, but with the Ryzen 9 9950X3D, one compute die is outfitted with an additional 96MB of 3D V-Cache, bringing the total L3 up to 128MB (144MB total cache). The CCD outfitted with 3D V-Cache operates at more conservative voltages and frequencies, but the bare compute die is unencumbered.

The Ryzen 9 9950X3D turns out to be a high-performance, no-compromise desktop processor. Its complement of 3D V-Cache provides tangible benefits in gaming, and AMD's continued work on the platform's firmware and driver software ensures that even with the Ryzen 9 9950X3D's asymmetrical CCD configuration, performance is strong across the board. At $699, it's not cheap but its a great CPU for gaming and content creation, and one of the most powerful standard desktop CPUs money can buy currently.

Spain's government has approved legislation imposing substantial fines of up to 35 million euros or 7% of global turnover on companies that fail to clearly label AI-generated content. Reuters reports: The bill adopts guidelines from the European Union's landmark AI Act imposing strict transparency obligations on AI systems deemed to be high-risk, Digital Transformation Minister Oscar Lopez told reporters. "AI is a very powerful tool that can be used to improve our lives ... or to spread misinformation and attack democracy," he said. Spain is among the first EU countries to implement the bloc's rules, considered more comprehensive than the United States' system that largely relies on voluntary compliance and a patchwork of state regulations. Lopez added that everyone was susceptible to "deepfake" attacks - a term for videos, photographs or audios that have been edited or generated through AI algorithms but are presented as real. [...]

The bill also bans other practices, such as the use of subliminal techniques - sounds and images that are imperceptible - to manipulate vulnerable groups. Lopez cited chatbots inciting people with addictions to gamble or toys encouraging children to perform dangerous challenges as examples. It would also prevent organizations from classifying people through their biometric data using AI, rating them based on their behavior or personal traits to grant them access to benefits or assess their risk of committing a crime. However, authorities would still be allowed to use real-time biometric surveillance in public spaces for national security reasons.

A volunteer group called WikiPortraits is working to address Wikipedia's issue of featuring outdated and unflattering portraits by providing high-quality, openly licensed images. Since 2024, they have covered global festivals, taken thousands of images, and improved representation of underrepresented individuals, though challenges with funding and media credentials remain. 404 Media reports: This portrait problem stems from Wikipedia's mission to provide free reliable information. All media on the site must be openly licensed, so that anyone can use it free of charge. That, in turn, means that most photos of notable people on the site are of notably poor quality. "No professional photographers ever have their photos on Wikipedia, because they want to make money from the photos," said Jay Dixit, a writing professor and amateur Wikipedia photographer. "It's actually the norm that most celebrities have poor photos on Wikipedia, if they have photos at all. It's just some civilian at an airport being like, 'Oh my god, it's Pete Davidson,' click with an iPhone."

Dixit is part of a team of volunteer photographers, called WikiPortraits, that's trying to fix that problem. "It's been in the back of our minds for quite a while now," said Kevin Payravi, one of WikiPortraits' cofounders. "Last year, finally, we decided to make this a reality, and we got a couple of credentials for Sundance 2024 [a major film festival]. We sent a couple photographers there, we set up a portrait studio, and that was our first organized effort here in the U.S. to take good quality photos of people for Wikipedia."

Since last January, WikiPortraits photographers have covered around 10 global festivals and award ceremonies, and taken nearly 5,000 freely-licensed photos of celebrity attendees. And the celebrity attendees are often quite excited about it. [...] WikiPortraits photos are currently used on Wikipedia articles in over 120 languages, and they're viewed up to 80 million times per month from those pages alone. In January, for example, Payravi said that over 1,500 WikiPortraits photos were used on articles that collectively received 140 million views. Many WikiPortraits photos have also been used by a variety of news outlets around the world, including CNN Brasil, Times of Israel, and multiple non-English-language smaller news organizations. "[N]ot being an official news or photo agency means WikiPortraits sometimes faces problems getting media credentials to cover events," notes 404 Media. "Funding poses another main challenge."

"Photographers must already own a professional-quality camera, and usually have to cover the cost of getting to events and at least part of their lodging. Although WikiPortraits sometimes receives rapid grants from the Wikimedia Foundation and private donors to cover costs, Payravi said he still likes to run a 'tight ship.'"

An anonymous reader quotes a report from TechCrunch: When Bluesky CEO Jay Graber walked on stage at SXSW 2025 for her keynote discussion, she wore a large black T-shirt with her hair pulled back into a bun. At first glance, it might appear as though she's following the same playbook that so many women in tech leadership have played before: downplaying her femininity to be taken seriously. The truth is way more interesting than that. What might look like your average black T-shirt is a subtle, yet clear swipe at Mark Zuckerberg, a CEO who represents everything that Bluesky is trying to work against as an open source social network.

The Meta founder and CEO has directly compared himself to the Roman emperor Julius Caesar. His own shirt declared Aut Zuck aut nihil, which is a play on the Latin phrase aut Caesar aut nihil: "Either Caesar or nothing." Graber's shirt -- which directly copies the style of a shirt that Zuckerberg wore onstage recently -- says Mundus sine caesaribus. Or, "a world without Caesars." With the way Bluesky is designed, Graber is certainly putting her money where her mouth (or shirt) is. As a decentralized social network built upon an open source framework, Bluesky differs from legacy platforms like Facebook in that users have a direct, transparent window into how the platform is being built. "If a billionaire came in and bought Bluesky, or took it over, or if I decided tomorrow to change things in a way that people really didn't like, then they could fork off and go on to another application," Graber explained at SXSW. "There's already applications in the network that give you another way to view the network, or you could build a new one as well. And so that openness guarantees that there's always the ability to move to a new alternative."

"McDonald's is giving its 43,000 restaurants a technology makeover," reports the Wall Street Journal, including AI-enabled drive-throughs and AI-powered tools for managers — as well as internet-connected kitchen equipment.

"Technology solutions will alleviate the stress...." says McDonald's CIO Brian Rice. McDonald's tapped Google Cloud in late 2023 to bring more computing power to each of its restaurants — giving them the ability to process and analyze data on-site... a faster, cheaper option than sending data to the cloud, especially in more far-flung locations with less reliable cloud connections, said Rice... Edge computing will enable applications like predicting when kitchen equipment — such as fryers and its notorious McFlurry ice cream machines — is likely to break down, Rice said. The burger chain said its suppliers have begun installing sensors on kitchen equipment that will feed data to the edge computing system and give franchisees a "real-time" view into how their restaurants are operating. AI can then analyze that data for early signs of a maintenance problem.

McDonald's is also exploring the use of computer vision, the form of AI behind facial recognition, in store-mounted cameras to determine whether orders are accurate before they're handed to customers, he said. "If we can proactively address those issues before they occur, that's going to mean smoother operations in the future," Rice added...

Additionally, the ability to tap edge computing will power voice AI at the drive-through, a capability McDonald's is also working with Google's cloud-computing arm to explore, Rice said. The company has been experimenting with voice-activated drive-throughs and robotic deep fryers since 2019, and ended its partnership with International Business Machines to test automated order-taking at the drive-through in 2024.

Edge computing will also help McDonald's restaurant managers oversee their in-store operations. The burger giant is looking to create a "generative AI virtual manager," Rice said, which handles administrative tasks such as shift scheduling on managers' behalf. Fast-food giant Yum Brands' Pizza Hut and Taco Bell have explored similar capabilities.

Last week Google urged the U.S. government not to break up the company — but apparently, it didn't work.
In a new filing Friday, America's Justice Department "reiterated its November proposal that Google be forced to sell its Chrome web browser," reports the Washington Post, "to address a federal judge finding the company guilty of being an illegal monopoly in August." The government also kept a proposal that Google be banned from paying other companies to give its search engine preferential placement on their apps and phones. At the same time, the government dropped its demand that Google sell its stakes in AI start-ups after one of the start-ups, Anthropic AI, argued that it needed Google's money to compete in the fast-growing industry.

The government's final proposal "reaffirms that Google must divest the Chrome browser — an important search access point — to provide an opportunity for a new rival to operate a significant gateway to search the internet, free of Google's monopoly control," Justice Department lawyers wrote in the filing... Judge Amit Mehta, of the U.S. District Court for the District of Columbia, who had ruled that Google held an illegal monopoly, will decide on the final remedies in April.
The article quotes a Google spokesperson's response: that the Justice Department's "sweeping" proposals "continue to go miles beyond the court's decision, and would harm America's consumers, economy and national security."

As Christie's auction house planned the first-ever auction dedicated to AI-generated art works, over 5,600 people signed an online letter urging them to cancel it. "Many of the artworks you plan to auction were created using AI models that are known to be trained on copyrighted work without a license," the letter complained.

"These models, and the companies behind them, exploit human artists, using their work without permission or payment to build commercial AI products that compete with them. Your support of these models, and the people who use them, rewards and further incentivizes AI companies' mass theft of human artists' work." CNET reports that the signers "range from illustrators to authors to art therapists to cinematographers, from countries all across the globe."

Christie's ignored them all and held the auction anyways. So what happened when it was over on Wednesday morning? More than 30 lots attracted hundreds of bids and brought in $728,784, Christie's reports. And there's a generational twist: The auction house says 37% of registrants were completely new to Christie's, and 48% of bidders were millennials or members of Gen Z... The highest price in the sale was $277,200 for a work by Refik Anadol titled Machine Hallucinations — ISS Dreams — A. It used a data set of more than 1.2 million images taken from the International Space Station and satellites.
ARTnews reports that the auction actually brought in more than Christie's had expected: The sale, which made up of 34 lots, had an 82 percent sell through rate... While some digital artists, including Beeple, championed the sale, others decried it as emblematic of the ongoing struggle between human artistry and machine-driven innovation. The results, however, suggest that AI art — controversial as it may be — is carving a firm place in the market.

"PepsiCo is launching a new product, Simply Ruffles Hot & Spicy, which uses natural ingredients like tomato powder and red chile pepper instead of artificial dyes," reports Bloomberg. But it's part of a larger trend: In one of the final acts of President Joe Biden's administration, the U.S. Food and Drug Administration banned Red No. 3, effective in January 2027 for food, one of a handful of synthetic colors that have become something of a symbol of all that is wrong with the American food system and the ultraprocessed foods that dominate it. Putting Red No. 3 aside, the rest of the colors remain legal, and they're used in tens of thousands of supermarket and convenience-store products in the United States, according to NielsenIQ data. The recent campaign against them became one of the pillars of the "Make America Healthy Again" movement championed by Health and Human Services Secretary Robert F. Kennedy Jr. The criticism follows what health advocates have been saying for years: The synthetic colors add nothing to taste, nutritional value or shelf life but make unhealthy foods more visually appealing. Worst of all, there are concerns that the dyes may be carcinogenic or trigger hyperactivity in some kids.

[Ian Puddephat, vice president of research and development for food ingredients at PepsiCo] says PepsiCo is "on a mission to get them out of the portfolio as much as we can"... PepsiCo has a dozen brands, including Simply, that don't have the artificial dyes, and the company is working to pull them out of an additional eight brands in the next year.
Other companies are trying too, according to the article. Though Ironically, "the supply chain for colors like a radish's red or annatto's orange is not as robust as that for Red No. 40 or Yellow No. 6."

But there's also been some success stories: In 2016, Kraft Heinz Foods Co. announced that it'd made good on an earlier promise to get artificial dyes out of its recipe — and apparently, nobody noticed. "We just haven't told that story," says Carlos Abrams-Rivera, Kraft Heinz's CEO. (The lack of artificial dyes is more prominent on the boxes now...)
Thanks to long-time Slashdot schwit1 for haring the article.

Sam Bankman-Fried — one of the largest donors to the Democratic Party — "was convicted of fraud, sentenced to 25 years in prison and mostly went silent," reports the Wall Street Journal. "Until recently..." Now, from behind bars at the Metropolitan Detention Center in Brooklyn, Bankman-Fried is orchestrating an extraordinary public-relations blitz that looks very much like a campaign to make the most audacious trade of his career: support for President Trump's agenda in return for a presidential pardon...

There is little downside to Bankman-Fried's long-shot effort to secure a pardon. As the appeal that he filed last year works its way through the courts, Bankman-Fried, 33, is staring down a prison sentence that could extend until his 50s... The crowning touch of his campaign came on Thursday, when Bankman-Fried gave a jailhouse interview to "The Tucker Carlson Show," which was released on social-media channels including X and YouTube. Appearing on video in a brown jumpsuit, he criticized Washington bureaucrats and crypto regulators — and suggested that he went to prison out of political retribution... [Carlson's title for the interview? "Sam Bankman-Fried on Life in Prison With Diddy, and How Democrats Stole His Money and Betrayed Him."]

The interview hadn't been approved by the Federal Bureau of Prisons, according to a person familiar with the matter. Bankman-Fried spoke with Carlson through a link that is typically used by inmates to communicate with their lawyers, the person said. After the interview, Bankman-Fried was placed in solitary confinement, but he was out by Friday afternoon, according to a person familiar with the matter... Bankman-Fried is trying to highlight in media appearances and in any interaction with Trump's team that FTX customers are set to be made whole with interest through the bankruptcy proceedings — at least in dollar terms. Many of those creditors remain furious that they missed out on bitcoin's rally since November 2022.
Bankman-Fried "wants to set the record straight on his political beliefs, which he believes have been misconstrued," according to the article. "While he has given heavily to Democrats, he has also donated to Republican causes, including the contribution of millions to a group supporting Senator Mitch McConnell."

But the New York Times, citing "people with knowledge" of his pardon-seeking efforts, reported that "So far, the push does not appear to have gained traction."

The spectacular collapse of fintech middleman Synapse has left $200 million in customer money frozen and up to $95 million missing, with no clear answers about where the funds went. After Synapse, a financial technology company connecting other fintechs to banks, filed for bankruptcy in April 2024, customers of apps like Yotta, Juno, and Copper found themselves locked out of their savings.

Founded in 2014 by Sankaet Pathak, Synapse connected consumer-facing fintech platforms with banks holding customer deposits. The disaster unfolded after relationships with regional bank Evolve and unicorn client Mercury deteriorated, triggering a chain reaction through the financial infrastructure. Nearly a year later, Fortune reports that a Department of Justice criminal investigation is underway, while the bankruptcy's court-appointed trustee called the situation an "awful, awful" mess. The debacle, the outlet writes, exposes the risks lurking beneath popular financial apps operating in a regulatory frontier where customer funds travel across an invisible bridge of intermediaries.

An anonymous reader quotes a report from Ars Technica: The Trump administration is eliminating a preference for fiber Internet in a $42.45 billion broadband deployment program, a change that is expected to reduce spending on the most advanced wired networks while directing more money to Starlink and other non-fiber Internet service providers. One report suggests Starlink could obtain $10 billion to $20 billion under the new rules. Secretary of Commerce Howard Lutnick criticized the Biden administration's handling of the Broadband Equity, Access, and Deployment (BEAD) program in a statement yesterday. Lutnick said that "because of the prior Administration's woke mandates, favoritism towards certain technologies, and burdensome regulations, the program has not connected a single person to the Internet and is in dire need of a readjustment."

The BEAD program was authorized by Congress in November 2021, and the US was finalizing plans to distribute funding before Trump's inauguration. The National Telecommunications and Information Administration (NTIA), part of the Commerce Department, developed rules for the program in the Biden era and approved initial funding plans submitted by every state and territory. The program has been on hold since the change in administration, with Senator Ted Cruz (R-Texas) and other Republicans seeking rule changes. In addition to demanding an end to the fiber preference, Cruz wants to kill a requirement that ISPs receiving network-construction subsidies provide cheap broadband to people with low incomes. Cruz also criticized "unionized workforce and DEI labor requirements; climate change assessments; excessive per-location costs; and other central planning mandates."

Lutnick's statement yesterday confirmed that the Trump administration will end the fiber preference and replace it with a "tech-neutral" set of rules, and explore additional changes. He said: "Under my leadership, the Commerce Department has launched a rigorous review of the BEAD program. The Department is ripping out the Biden Administration's pointless requirements. It is revamping the BEAD program to take a tech-neutral approach that is rigorously driven by outcomes, so states can provide Internet access for the lowest cost. Additionally, the Department is exploring ways to cut government red tape that slows down infrastructure construction. We will work with states and territories to quickly get rid of the delays and the waste. Thereafter we will move quickly to implementation in order to get households connected." Lutnick said the department's goal is to "deliver high-speed Internet access... efficiently and effectively at the lowest cost to taxpayers."

Microsoft warned that an advanced Chinese hacking group is waging a campaign of supply-chain attacks. From a report: The company's threat intelligence division said in a blog post Wednesday that the group, known as Silk Typhoon, was targeting remote management tools and cloud applications in order to spy on a range of companies and organizations in the US and abroad.

Microsoft said it observed in late 2024 that hackers were targeting cloud storage services, from which they would steal keys that could be used to access customer data. The group breached state and local government organizations and companies in the technology sector, seeking information on US government policy and documents related to law enforcement investigations. Silk Typhoon was behind a December hack that targeted the US Treasury Department, compromising more than 400 computers, Bloomberg News previously reported.