Russia has opened an investigation into Telegram founder Pavel Durov for "abetting terrorist activities," [non-paywalled source] in the latest sign that his uneasy relationship with the Kremlin has broken down. From a report: Two Russian newspapers, including the state-run Rossiiskaya Gazeta and Kremlin-friendly tabloid Komsomolskaya Pravda, alleged on Tuesday that the messaging app had become a tool of western and Ukrainian intelligence services.

The articles, credited to materials from Russia's FSB security service, accused Telegram of enabling attacks in Russia and said that Durov's "actions ... are under criminal investigation." Russia has restricted Telegram's functions, accusing it of flouting the law and is seeking to divert users towards Max, a state-run rival messenger. The steps escalate pressure on a platform that remains deeply embedded in Russian public life.

A 7,000-word "doomsday" thought experiment from Citrini Research helped trigger an 800-point drop in the Dow, "painting a dark portrait of a future in which technological change inspires a race to the bottom in white-collar knowledge work," reports the Wall Street Journal. From the report: Concerns of hyperscalers overspending are out. Worries of software-industry disruption don't go far enough. The "global intelligence crisis" is about to hit. The new, broader question: What if AI is so bullish for the economy that it is actually bearish? "For the entirety of modern economic history, human intelligence has been the scarce input," Citrini wrote in a post it described as a scenario dated June 2028, not a prediction. "We are now experiencing the unwind of that premium."

Many of Monday's moves roughly aligned with the situation outlined by Citrini, in which fast-advancing AI tools allow spending cuts across industries, sparking mass white-collar unemployment and in turn leading to financial contagion. Software firms DataDog, CrowdStrike and Zscaler each plunged more than 9%. International Business Machines' 13% decline was its worst one-day performance since 2000. American Express, KKR and Blackstone -- all name-checked by Citrini -- tumbled. That anxiety, coupled with renewed uncertainty about trade policy from Washington, weighed down major indexes Monday. The Dow Jones Industrial Average led declines, falling 1.7%, or 822 points. The S&P 500 shed 1%, while the Nasdaq composite retreated 1.1%.

[...] Monday's market swings extended a run of AI-linked volatility. A small research outfit that has garnered a huge Substack following for macro and thematic stock research, Citrini said in its new post that software firms, payment processors and other companies formed "one long daisy chain of correlated bets on white-collar productivity growth" that AI is poised to disrupt. [...] Shares in DoorDash also veered 6.6% lower Monday after Citrini's Substack note called the delivery app a "poster child" for how new tools would upend companies that monetize interpersonal friction. In the research firm's scenario, AI agents would help both drivers and customers navigate food deliveries at much lower costs.

Panasonic is handing over the manufacturing, marketing, and sales of its TVs to Shenzhen-based Skyworth, effectively exiting in-house TV production. Ars Technica reports: Skyworth is a Shenzhen-headquartered TV brand. The company claims to be "a top three global provider of the Android TV platform." In July, research firm Omdia reported that Skyworth was one of the top-five TV brands by sales revenue in Q1 2025; however, Skyworth hasn't been able to maintain that position regularly. Panasonic made its announcement at a "launch event," FlatpanelsHD reported today. During the event, a Panasonic representative reportedly said: "Under the agreement the new partner will lead sales, marketing, and logistics across the region, while Panasonic provide expertise and quality assurance to uphold its renowned audiovisual standards with full joint development on top-end OLED models."

Panasonic also said that it will provide support "for all Panasonic TVs sold up to March 2026 and all those available from April." Skyworth-made Panasonic TVs will be sold in the US and Europe. In the latter geography, the companies are aiming for double-digit market share. [...] The news means there's virtually no TV production happening in Japan anymore, as other Japanese companies, like Sharp, Toshiba, Hitachi, and Pioneer, have already exited TV production. Earlier this year, Sony announced that it was ceding control of its TV hardware business to TCL.

The first fiber-optic cable ever laid across an ocean -- TAT-8, a nearly 6,000-kilometer line between the United States, United Kingdom, and France that carried its first traffic on December 14, 1988 -- is now being pulled off the Atlantic seabed after more than two decades of sitting dormant, bound for recycling in South Africa.

Subsea Environmental Services, one of only three companies in the world whose entire business is cable recovery and recycling, began the operation last year using its new diesel-electric vessel, the MV Maasvliet, and had already brought 1,012 kilometers of the cable to the Portuguese port of Leixoes by August.

TAT-8, short for Trans-Atlantic Telephone 8, was built by AT&T, British Telecom, and France Telecom, and hit full capacity within just 18 months of going live. A fault too expensive to repair took it out of service in 2002. The recovered cable is being shipped to Mertech Marine in South Africa, where it will be broken down into steel, copper, and two types of polyethylene -- all commercially valuable, especially the high-quality copper at a time when the International Energy Agency projects global shortages within a decade.

The narrative that AI spending has been singlehandedly propping up the U.S. economy -- a claim that captivated Silicon Valley, Wall Street and Washington over the past year -- is facing serious pushback from economists [non-paywalled source] at Goldman Sachs, Morgan Stanley and JPMorgan Chase, all of whom now calculate that the AI buildup's direct contribution to growth was dramatically overstated and possibly close to zero.

The debate hinges on how GDP accounts for imported components: roughly three-quarters of AI data center costs go toward computer chips and gear largely manufactured in Asia, and that spending gets subtracted from domestic output because it boosts foreign economies. Joseph Politano of the Apricitas Economics newsletter pegs AI's actual contribution at about 0.2 percentage points of the 2.2 percent U.S. growth in 2025, and even Hannah Rubinton at the St. Louis Fed -- whose own analysis attributed 39 percent of growth to AI-related business spending through the first nine months of the year -- acknowledges that figure is probably the ceiling. "It's not like AI is propping up the economy," Rubinton said.

Russia's domestic intelligence agency claimed Saturday that Ukraine can obtain sensitive information from troops using the Telegram app on the front line, reports Bloomberg. The fact that the claims were made through Russia's state-operated news outlet RIA Novosti signals "tightening scrutiny over a platform used by millions of Russians," Bloomberg notes, as the Kremlin continues efforts to "push people to use a new state-backed alternative." Russia's communications watchdog limited access to Telegram — a popular messaging app owned by Russian-born billionaire Pavel Durov — over a week ago for failing to comply with Russian laws requiring personal data to be stored locally. Voice and video calls were blocked via Telegram in August. The pressure is the latest move in a long-running campaign to promote what the Kremlin calls a sovereign internet that's led to blocks on YouTube, Instagram and WhatsApp... Foreign intelligence services are able to see Russia's military messages in Telegram too, Russia's Minister for digital development, Maksut Shadaev, said on Wednesday, although he added that Russia will not block access to Telegram for troops for now.

Telegram responded at the time that no breaches of the app's encryption have ever been found. "The Russian government's allegation that our encryption has been compromised is a deliberate fabrication intended to justify outlawing Telegram and forcing citizens onto a state-controlled messaging platform engineered for mass surveillance and censorship," it said in an emailed response.

Long-time Slashdot reader theodp writes: Jeopardy time. A. This company spurred CEOs to make huge speculative capital expenditures based on wild unverified claims of future demand, resulting in the layoffs of tens of thousands of workers to reduce the resulting expenses, harming their core businesses. Q. What is OpenAI?

Sorry, the correct response is, "What is WorldCom?" In 2002, WorldCom, the second largest long-distance company in the U.S., entered Chapter 11 bankruptcy after disclosing accounting fraud that eventually totaled $11 billion, the biggest ever at the time. CEO Bernard Ebbers was subsequently sentenced to 25 years in prison.

CNBC reported that an employee of WorldCom's Internet service provider UUNet set off a frenzy of speculative investment and infrastructure overbuild after he used Excel to create a best-case scenario model for the Internet's growth that suggested in the best of all possible worlds, Internet traffic would double every 100 days, a scenario that would greatly benefit WorldCom, whose lines would carry it. Despite no evidence to support it, WorldCom's lie became an immutable law and businesses around the world made important decisions based on the belief that traffic was doubling every 100 days. "For some period of time I can recall that we were backfilling that expectation with laying cables, something like 2,200 miles of cable an hour," AT&T CEO Michael Armstrong said. "Think of all the companies that went out of business that assumed that that was real."
In 2003, NBC News reported: Armstrong and former Sprint CEO Bill Esrey struggled for years to understand how WorldCom could beat them so handily. "We would look at the conduct of WorldCom in terms of their pricing, revenue growth, margins, in terms of their cost structure... and the price leader almost every quarter was WorldCom," Armstrong said. Added Esrey, "We couldn't figure out how they were pricing as aggressively as they were.... How could they be so efficient in their costs and expenses?" AT&T and Sprint began cutting jobs to push down their costs to WorldCom's level. "The market said what a marvelous management job WorldCom was doing and they would look over to AT&T and say, 'these guys aren't keeping up.' So, my shareholders were hurt. We laid off tens of thousands of employees in an accelerated fashion [in a futile effort to match WorldCom's phantom profits] and I think the industry was hurt," Armstrong says. "It just wrecked the whole industry," says Esrey.

Google and Microsoft contributed $5 million to launch Alpha-Omega in 2022 — a Linux Foundation project to help secure the open source supply chain. But its co-founder Michael Winser warns that open source registries are in financial peril, reports The Register, since they're still relying on non-continuous funding from grants and donations.

And it's not just because bandwidth is expensive, he said at this year's FOSDEM. "The problem is they don't have enough money to spend on the very security features that we all desperately need..." In a follow-up LinkedIn exchange after this article had posted, Winser estimated it could cost $5 million to $8 million a year to run a major registry the size of Crates.io, which gets about 125 billion downloads a year. And this number wouldn't include any substantial bandwidth and infrastructure donations (Like Fastly's for Crates.io). Adding to that bill is the growing cost of identifying malware, the proliferation of which has been amplified through the use of AI and scripts. These repositories have detected 845,000 malware packages from 2019 to January 2025 (the vast majority of those nasty packages came to npm)...

In some cases benevolent parties can cover [bandwidth] bills: Python's PyPI registry bandwidth needs for shipping copies of its 700,000+ packages (amounting to 747PB annually at a sustained rate of 189 Gbps) are underwritten by Fastly, for instance. Otherwise, the project would have to pony up about $1.8 million a month. Yet the costs Winser was most concerned about are not bandwidth or hosting; they are the security features needed to ensure the integrity of containers and packages. Alpha-Omega underwrites a "distressingly" large amount of security work around registries, he said. It's distressing because if Alpha-Omega itself were to miss a funding round, a lot of registries would be screwed. Alpha-Omega's recipients include the Python Software Foundation, Rust Foundation, Eclipse Foundation, OpenJS Foundation for Node.js and jQuery, and Ruby Central.

Donations and memberships certainly help defray costs. Volunteers do a lot of what otherwise would be very expensive work. And there are grants about...Winser did not offer a solution, though he suggested the key is to convince the corporate bean counters to consider paid registries as "a normal cost of doing business and have it show up in their opex as opposed to their [open source program office] donation budget."
The dilemma was summed up succinctly by the anonymous Slashdot reader who submitted this story.

"Free beer is great. Securing the keg costs money!"

Programmer/entrepreneur Paul Ford is the co-founder of AI-driven business software platform Aboard. This week he wrote a guest essay for the New York Times titled "The AI Disruption Has Arrived, and It Sure Is Fun," arguing that Anthropic's Claude Code "was always a helpful coding assistant, but in November it suddenly got much better, and ever since I've been knocking off side projects that had sat in folders for a decade or longer... [W]hen the stars align and my prompts work out, I can do hundreds of thousands of dollars worth of work for fun (fun for me) over weekends and evenings, for the price of the Claude $200-a-month."

He elaborates on his point on the Aboard.com blog: I'm deeply convinced that it's possible to accelerate software development with AI coding — not deprofessionalize it entirely, or simplify it so that everything is prompts, but make it into a more accessible craft. Things which not long ago cost hundreds of thousands of dollars to pull off might come for hundreds of dollars, and be doable by you, or your cousin. This is a remarkable accelerant, dumped into the public square at a bad moment, with no guidance or manual — and the reaction of many people who could gain the most power from these tools is rejection and anxiety. But as I wrote....

I believe there are millions, maybe billions, of software products that don't exist but should: Dashboards, reports, apps, project trackers and countless others. People want these things to do their jobs, or to help others, but they can't find the budget. They make do with spreadsheets and to-do lists.

I don't expect to change any minds; that's not how minds work. I just wanted to make sure that I used the platform offered by the Times to say, in as cheerful a way as possible: Hey, this new power is real, and it should be in as many hands as possible. I believe everyone should have good software, and that it's more possible now than it was a few years ago.
From his guest essay: Is the software I'm making for myself on my phone as good as handcrafted, bespoke code? No. But it's immediate and cheap. And the quantities, measured in lines of text, are large. It might fail a company's quality test, but it would meet every deadline. That is what makes A.I. coding such a shock to the system... What if software suddenly wanted to ship? What if all of that immense bureaucracy, the endless processes, the mind-boggling range of costs that you need to make the computer compute, just goes?

That doesn't mean that the software will be good. But most software today is not good. It simply means that products could go to market very quickly. And for lots of users, that's going to be fine. People don't judge A.I. code the same way they judge slop articles or glazed videos. They're not looking for the human connection of art. They're looking to achieve a goal. Code just has to work... In about six months you could do a lot of things that took me 20 years to learn. I'm writing all kinds of code I never could before — but you can, too. If we can't stop the freight train, we can at least hop on for a ride.

The simple truth is that I am less valuable than I used to be. It stings to be made obsolete, but it's fun to code on the train, too. And if this technology keeps improving, then all of the people who tell me how hard it is to make a report, place an order, upgrade an app or update a record — they could get the software they deserve, too. That might be a good trade, long term.

An anonymous reader shares a report: Meta product managers are rebranding. Some are now calling themselves "AI builders," a signal that AI coding tools are changing who gets to build software inside the company. One of them, Jeremie Guedj, announced the change in a LinkedIn post last week. "I still can't believe I'm writing this: as of today, my full-time job at Meta is AI Builder," he wrote.

Guedj has spent more than a decade as a traditional product manager, a role that sets the road map and strategy for products then built by engineering teams. He said that while his title in Meta's internal systems still lists him as a product manager, his actual work is now full-time building with AI on what he calls an "AI-native team." Another Meta product manager also lists "AI Builder" on her LinkedIn profile, while at least two other Meta engineers write the term in their bios, Business Insider found.

Cable TV providers have spent the past decade losing tens of millions of households to streaming services, but companies like Charter Communications are now slowing that exodus by bundling the very apps that once threatened to replace them.

Charter added 44,000 net video subscribers in the fourth quarter of 2025, its first growth in that count since 2020, after integrating Disney+, Hulu, and ESPN+ directly into Spectrum cable packages -- a deal that grew out of a contentious 2023 contract dispute with Disney. Comcast and Optimum still lost subscribers in the quarter, though both saw those losses narrow.

Charter's Q4 numbers also got a lift from a 15-day Disney channel blackout on YouTube TV during football season, which drove more than 14,000 subscribers to Spectrum. Charter has been discounting aggressively -- video revenue fell 10% year over year despite the subscriber gains. Cox Communications launched its first streaming-inclusive cable bundles last month, and Dish Network has yet to integrate streaming apps into its packages at all.

PayPal is notifying customers of a data breach after a software error in a loan application exposed their sensitive personal information, including Social Security numbers, for nearly 6 months last year. From a report: The incident affected the PayPal Working Capital (PPWC) loan app, which provides small businesses with quick access to financing. PayPal discovered the breach on December 12, 2025, and determined that customers' names, email addresses, phone numbers, business addresses, Social Security numbers, and dates of birth had been exposed since July 1, 2025.

The financial technology company said it has reversed the code change that caused the incident, blocking attackers' access to the data one day after discovering the breach. "On December 12, 2025, PayPal identified that due to an error in its PayPal Working Capital ('PPWC') loan application, the PII of a small number of customers was exposed to unauthorized individuals during the timeframe of July 1, 2025 to December 13, 2025," PayPal said in breach notification letters sent to affected users. "PayPal has since rolled back the code change responsible for this error, which potentially exposed the PII. We have not delayed this notification as a result of any law enforcement investigation."

India's IT services giants have spent decades deploying, customizing, and maintaining the world's largest enterprise software platforms, putting hundreds of thousands of engineers in daily contact with the business logic and proprietary architectures of vendors like SAP and Oracle. None of them have built a competing product that gained meaningful traction against the U.S. incumbents, HSBC said in a note to clients, using this history to argue AI-generated code faces the same structural barriers.

The bank's analysts contend that enterprise software competition turns on factors that have little to do with the ability to write code -- sales teams, cross-licensing agreements, patented IP, first-mover lock-in, brand awareness, and go-to-market infrastructure. If a massive, low-cost, domain-expert workforce couldn't crack the market over several decades, HSBC argues, the idea that AI-generated code will do so is, in the words of Nvidia's Jensen Huang that the report approvingly cites, "illogical."

UPDATE (2/21): After this story ran, Amazon published a blog post Friday "to address the inaccuracies" in the Financial Times report that the company's own AI tool Kiro caused two outages in an AWS service in December. Amazon's blog post says that the "brief" and "extremely limited" service interruption "was the result of user error — specifically misconfigured access controls — not AI as the story claims." And "The Financial Times' claim that a second event impacted AWS is entirely false."

An anonymous Slashdot reader had shared this report from Reuters: Amazon's cloud unit has suffered at least two outages due to errors involving its own AI tools [non-paywalled source], leading some employees to raise doubts about the US tech giant's push to roll out these coding assistants.

Amazon Web Services experienced a 13-hour interruption to one system used by its customers in mid-December after engineers allowed its Kiro AI coding tool to make certain changes, according to four people familiar with the matter.

The people said the agentic tool, which can take autonomous actions on behalf of users, determined that the best course of action was to "delete and recreate the environment." Amazon posted an internal postmortem about the "outage" of the AWS system, which lets customers explore the costs of its services. Multiple Amazon employees told the FT that this was the second occasion in recent months in which one of the group's AI tools had been at the centre of a service disruption.

An anonymous reader quotes a report from Bloomberg: In early 2024, the agency that oversees cybersecurity for much of the US government issued a rare emergency order -- disconnect your Connect Secure virtual private network software immediately. Chinese spies had hacked the code and infiltrated nearly two dozen organizations. The directive applied to all civilian federal agencies, but given the product's customer base, its impact was more widely felt. The software, which is made by Ivanti Inc., was something of an industry standard across government and much of the corporate world. Clients included the US Air Force, Army, Navy and other parts of the Defense Department, the Department of State, the Federal Aviation Administration, the Federal Reserve, the National Aeronautics and Space Administration, thousands of companies and more than 2,000 banks including Wells Fargo & Co. and Deutsche Bank AG, according to federal procurement records, internal documents, interviews and the accounts of former Ivanti employees who requested anonymity because they were not authorized to disclose customer information.

Soon after sending out their order, which instructed agencies to install an Ivanti-issued fix, staffers at the Cybersecurity and Infrastructure Security Agency discovered that the threat was also inside their own house. Two sensitive CISA databases -- one containing information about personnel at chemical facilities, another assessing the vulnerabilities of critical infrastructure operators -- had been compromised via the agency's own Connect Secure software. CISA had followed all its own guidance. Ivanti's fix had failed. This was a breaking point for some American national security officials, who had long expressed concerns about Connect Secure VPNs. CISA subsequently published a letter with the Federal Bureau of Investigation and the national cybersecurity agencies of the UK, Canada, Australia and New Zealand warning customers of the "significant risk" associated with continuing to use the software. According to Laura Galante, then the top cyber official in the Office of the Director of National Intelligence, the government came to a simple conclusion about the technology. "You should not be using it," she said. "There really is no other way to put it."

That attack, along with several others that successfully targeted the Ivanti software, illustrate how private equity's push into the cybersecurity market ended up compromising the quality and safety of some critical VPN products, Bloomberg has found. Last year, Bloomberg reported that Citrix Systems Inc., another top VPN maker, experienced several major hacks after its private equity owners, Elliott Investment Management and Vista Equity Partners, cut most of the company's 70-member product security team following their acquisition of the company in 2022. Some government officials and private-sector executives are now reconsidering their approach to evaluating cybersecurity software. In addition to excising private equity-owned VPNs from their networks, some factor private equity ownership into their risk assessments of key technologies.

A new study [PDF] from Ramp's economics lab has found that businesses are steadily replacing freelance workers hired through platforms like Upwork and Fiverr with AI tools from OpenAI and Anthropic, and the substitution is happening at a fraction of the cost.

The paper, authored by Ryan Stevens, Ramp's Director of Applied Sciences, tracked firm-level spending data from Q3 2021 to Q3 2025 across thousands of companies on Ramp's expense management platform. The share of total business spend going to online labor marketplaces fell from 0.66% in Q4 2021 to 0.14% in Q3 2025, while AI model provider spending rose from zero to 2.85% over the same period.

More than half the businesses that used freelance marketplaces in Q2 2022 had stopped entirely by Q2 2025. The cost dynamics are particularly notable. Firms most exposed to AI -- those that historically spent the most on freelancers -- substituted at a rate of roughly $1 in reduced freelance spend for every $0.03 in AI spend. A middle-exposure group showed a ratio of $1 to $0.30. The study uses a difference-in-differences design built around the launch of ChatGPT in October 2022 as a natural experiment. Stevens notes that micro-level substitution does not imply aggregate job loss, as demand for workers who build and maintain AI systems could grow faster than displacement.

An anonymous reader shares a report: Amazon has officially dethroned Walmart as the biggest global company by revenue, a milestone attesting to the massive scale the e-commerce and cloud-computing giant has achieved since its humble beginnings in 1994 as an online bookseller in Jeff Bezos' Seattle-area garage.

Walmart, which had been the largest company by revenue for more than a decade, on Thursday reported sales of $713.2 billion for the 12 months ending Jan. 31. Amazon, which operates on a fiscal year ending in December, earlier this month reported 2025 sales of $717 billion.

Bezos carefully studied Walmart founder Sam Walton, embracing many of his business strategies while building his company. Over the past decade, Amazon's revenue has increased at almost 10 times the pace of Walmart's, fueled by a shift in consumer spending from stores to websites and its rapidly growing cloud-computing business, Amazon Web Services.

An anonymous reader quotes a report from the Financial Post: In 2024, the Ethiopian government banned the import of fossil fuel-powered vehicles and slashed tariffs on their electric equivalents. It was a policy driven less by the country's climate ambitions and more by fiscal pressures. For years, subsidizing gasoline for consumers has been a major drag on Ethiopia's budget, costing the state billions of dollars over the past decade. The country defaulted on its sovereign bonds in 2023 after rising interest rates drove up the costs of servicing its debts, and it received a $3.4 billion bailout from the International Monetary Fund the following year.

In the two years since the ban on internal combustion engine vehicles, EV adoption has grown from less than 1% to nearly 6% of all of the vehicles on the road in the country -- according to the government's own figures -- some way above the global average of 4%. "The Ethiopia story is fascinating," said Colin McKerracher, head of clean transport at BloombergNEF. "What you're seeing in places that don't make a lot of vehicles of any type, they're saying: 'Well, look, if I'm going to import the cars anyway, then I'd rather import less oil. We may as well import the one that cleans up local air quality and is cheaper to buy.'"

For decades, Ethiopia's high import tariffs on vehicles put new car ownership out of the reach of most of the country's population. Per capita gross domestic product is only about $1,000, and even by the standards of low-income countries, it has among the lowest car ownership rates. At 13 vehicles per 1,000 people, it's a fraction of the African average of 73. With few cars manufactured in the country, the vast majority are imported, and most are bought used. The government's import policy has upended the market. In parallel, tariffs for EVs were dropped to 15% for completed cars, 5% for parts and semi-assembled vehicles, and zero for "fully knocked down" -- vehicles shipped in parts and assembled locally. That has made new EVs cost-competitive with old gasoline cars.

An anonymous reader quotes a report from the Guardian: Tech companies are conflating traditional artificial intelligence with generative AI when claiming the energy-hungry technology could help avert climate breakdown, according to a report. Most claims that AI can help avert climate breakdown refer to machine learning and not the energy-hungry chatbots and image generation tools driving the sector's explosive growth of gas-guzzling datacenters, the analysis of 154 statements found.

The research, commissioned by nonprofits including Beyond Fossil Fuels and Climate Action Against Disinformation, did not find a single example where popular tools such as Google's Gemini or Microsoft's Copilot were leading to a "material, verifiable, and substantial" reduction in planet-heating emissions. Ketan Joshi, an energy analyst and author of the report, said the industry's tactics were "diversionary" and relied on tried and tested methods that amount to "greenwashing."

He likened it to fossil fuel companies advertising their modest investments in solar panels and overstating the potential of carbon capture. "These technologies only avoid a minuscule fraction of emissions relative to the massive emissions of their core business," said Joshi. "Big tech took that approach and upgraded and expanded it." [...] Joshi said the discourse around AI's climate benefits needed to be "brought back to reality." "The false coupling of a big problem and a small solution serves as a distraction from the very preventable harms being done through unrestricted datacenter expansion," he said.

An anonymous reader quotes a report from the New York Times: Meta is preparing to spend $65 million this year to boost state politicians who are friendly to the artificial intelligence industry, beginning this week in Texas and Illinois, according to company representatives. The sum is the biggest election investment by Meta, which owns Facebook, Instagram and WhatsApp. The company was previously cautious about campaign engagements, making small donations out of a corporate political action committee and contributing to presidential inaugurations. It also let executives like Sheryl Sandberg, who was chief operating officer, support candidates in their personal capacities.

Now Meta is betting bigger on politics, driven by concerns over the regulatory threat to the artificial intelligence industry as it aims to beat back legislation in states that it fears could inhibit A.I. development, company representatives said. To do that, Meta is quietly starting two new super PACs, according to federal filings surfaced by The New York Times. One group, Forge the Future Project, is backing Republicans. Another, Making Our Tomorrow, is backing Democrats. The new PACs join two others already started by Meta, one of which is focused on California while the other is an umbrella organization that finances the company's spending in other states. In total, the four super PACs have an initial budget of $65 million, according to federal and state filings. Meta's spending is set to start this week in Illinois and Texas, where the company generally favors backing Democratic and Republican incumbents or engaging in open races rather than deposing existing officials, company representatives said in interviews.

[...] Last year, Meta's public policy vice president, Brian Rice, said the company would start spending in politics because of "inconsistent regulations that threaten homegrown innovation and investments in A.I." The company started its first two super PACs, American Technology Excellence Project and Mobilizing Economic Transformation Across California. Meta put $45 million into American Technology Excellence Project in September. That money is expected, in turn, to flow to Forge the Future Project, Making Our Tomorrow and potentially to other entities. [...] In California, which has some of the country's most onerous campaign-finance disclosures, Meta in August put $20 million into Mobilizing Economic Transformation Across California, which shortens to META California. State laws require the sponsoring company to be disclosed in the name of the entity. In December, Meta put $5 million into another California committee called California Leads, which is focused on promoting moderate business policy and not A.I., according to state records.