AI

Will AI Disrupt the Videogame Industry? (yahoo.com) 109

VC firm Andreessen Horowitz believes the industry most affected by generative AI will be videogames. But they're not the only ones, reports the Economist: Games' interactivity requires them to be stuffed with laboriously designed content: consider the 30 square miles of landscape or 60 hours of music in "Red Dead Redemption 2", a recent cowboy adventure. Enlisting ai assistants to churn it out could drastically shrink timescales and budgets....

Making a game is already easier than it was: nearly 13,000 titles were published last year on Steam, a games platform, almost double the number in 2017. Gaming may soon resemble the music and video industries, in which most new content on Spotify or YouTube is user-generated. One games executive predicts that small firms will be the quickest to work out what new genres are made possible by AI. Last month Raja Koduri, an executive at Intel, left the chipmaker to found an AI-gaming startup.

Don't count the big studios out, though. If they can release half a dozen high-quality titles a year instead of a couple, it might chip away at the hit-driven nature of their business, says Josh Chapman of Konvoy, a gaming-focused VC firm. A world of more choice also favours those with big marketing budgets. And the giants may have better answers to the mounting copyright questions around AI. If generative models have to be trained on data to which the developer has the rights, those with big back-catalogues will be better placed than startups

. Trent Kaniuga, an artist who has worked on games like "Fortnite", said last month that several clients had updated their contracts to ban AI-generated art.

Space

The Search for Alien Life Moves to Icy Moons (yahoo.com) 57

The search for life beyond Earth "follows the water," reports the Economist (since water is vital for earth's lifeforms, and the laws of chemistry are universal). "For most of the space age that insight led scientists to Mars." But... More and more, though, planetary scientists are following the water to other places — and in particular to the so-called "icy moons" that orbit Jupiter, Saturn, Neptune and Uranus, the solar system's quartet of giant gas planets. Many of those moons are either known or suspected to have oceans beneath their icy shells, kept liquid by gravitational squeezing from the planets they orbit.

On April 13th, if all goes well, a new spacecraft will blast off from French Guiana en route to Jupiter with the aim of investigating some of those watery moons up close. The European Space Agency's Jupiter Icy Moons Explorer (given the slightly contrived acronym "JUICE ") will slingshot once around Venus and three times around Earth before arriving at Jupiter in 2031.... JUICE will investigate three of the so-called Galilean moons — Callisto, Europa and Ganymede, all of which are thought to have subsurface oceans. (The fourth, Io, is arid, and so not of interest.)

Ganymede is the probe's primary target. Despite being a moon, it is bigger than the planet Mercury. Its subsurface ocean may contain more water than all of Earth's oceans combined. The probe's cameras will add much more detail to the existing, low-resolution maps of Ganymede's surface. An ice-penetrating radar will scan several kilometres below the ground. A magnetometer will take advantage of the fact that Ganymede, apparently uniquely among the solar system's moons, has a weak magnetic field that interacts with the much bigger field generated by Jupiter itself. The subtleties of that magnetic field were an early clue for the existence of an ocean, hinting at the presence of a large chunk of conductive fluid — such as salty water — beneath the surface. Better readings of the magnetic field will help scientists estimate just how big the ocean is....

Nor is JUICE the only probe on its way to Jupiter. Next year NASA will launch Europa Clipper, focused, as its name suggests, on Europa. Despite its later launch, it will take a quicker route to Jupiter, arriving a few months before JUICE . And, because there are limits to what can be discerned from orbit, both NASA and the Europeans are sketching plans for future landers that would descend to the surface of such moons to sample the seawater directly.

Google

Google Says Microsoft Cloud Practices Are Anti-Competitive (yahoo.com) 44

Alphabet's Google Cloud has accused Microsoft of anti-competitive cloud computing practices and criticised imminent deals with several European cloud vendors, saying these do not solve broader concerns about its licensing terms. From a report: In Google Cloud's first public comments on Microsoft and its European deals its Vice President Amit Zavery told Reuters the company has raised the issue with antitrust agencies and urged European Union antitrust regulators to take a closer look.

In response, Microsoft referred to a blogpost in May last year where its president Brad Smith said it 'has a healthy number two position when it comes to cloud services, with just over 20 percent market share of global cloud services revenues'. "We are committed to the European Cloud Community and their success," a Microsoft spokesperson told Reuters on Thursday. There is intense rivalry between the two U.S. tech giants in the fast-growing, multi-billion-dollar cloud computing business, where Google trails market leader Amazon and Microsoft.

Blackberry

'Irreverent' and 'Scrappy': Reactions to Trailer and Early Screening of Movie 'BlackBerry' (vulture.com) 31

"When we learned that a BlackBerry movie was in the works last year," writes Engadget, "we had no idea it would be something close to a comedy. But judging from the trailer, it's aiming to be a far lighter story than other recent films about tech."

Variety notes that the movie has already screened at both Berlin Film Festival and SXSW Film Festival. "The film has received favorable reviews so far, with Variety's Peter Debruge calling it "frantic, irreverent and endearingly scrappy."

That review also calls the film "surprisingly charitable to the parties involved, acknowledging that these visionaries, while making it up as they go along, still managed to change the way the world communicates.... The film, at least, feels fresh, making geek history more entertaining than it has any right to be." But there's also a message in there somewhere. Mashable calls it "a cautionary tale jolted with humor and heart," while Vulture describes it as "a very funny geek tragedy." The stories of tech founders continue to entertain and frustrate us in equal measure, and continue to give us more content to watch on the platforms and devices they created. Clearly, something about power-tripping nerds really speaks to something in our collective psyche.
Actor Jay Baruchel plays BlackBerry co-founder Mike Lazaridis — and even tells Vulture he'd kept using his own BlackBerry "until about three or four years ago..."

"I think there's something inherently tragic about these guys that are really significantly responsible, in a really significant way, for the way we all relate to each other. There's a direct line from how we all communicate now, back to what these nerds did in Waterloo in 1996."

The movie will be released on May 12.
Businesses

Peter Thiel Says $50M of His Own Money Was Temporarily Frozen When SVB Failed (axios.com) 52

Axios remembers that it was just nine days ago that there were "concerns" about Silicon Valley Bank at venture capital firm. And soon Founders Fund's top operations executives "were on the phone, quickly deciding to move firm capital to a number of bigger banks." Firm founder Peter Thiel was not part of the conversation. One source says that the assumption was that they'd return the money to SVB after the crisis had ended....

Founders Fund wasn't the only venture capital firm giving this sort of warning to portfolio companies, nor necessarily the first, but word of its advice spread like wildfire (it also ended up in media reports, including one from Axios). Almost immediately, the firm came under withering criticism from some other venture capitalists, accusing Founders Fund (and Thiel personally) of sparking a bank run that ultimately led to $42 billion in withdrawals. Some even speculated that it was intentional, as payback for some unknown grudge between the two groups.

Earlier this week the Washington Examiner chronicled some of that criticism: "There should be more scrutiny of Peter Thiel and [hedge fund manager] Bill Ackman for yelling fire in a crowded theater in this SVB collapse," tweeted CNBC host Sara Eisen [on Monday]. Others turned their focus to Thiel's promotion and subsequent profiting off of crypto investments after the market crashed as a reason to be suspicious of his withdrawals. "You mean the guy who was touting crypto and trashing critics while he was selling crypto? That guy? Shocker!" tweeted tech journalist Kara Swisher.
But Peter Thiel says he actually left his own money in the bank, reports Business Insider: "I had $50 million of my own money stuck in SVB," he told the Financial Times.... Thiel told the Financial Times that he did not believe the SVB would fail last week.

Other venture capital firms — including Coatue Management, Union Square Ventures, and Founder Collective — had similarly advised startup clients to transfer money from SVB after the bank revealed a $1.8 billion loss and the bank's share price collapsed. These firms have pushed back against accusations that they were spreading panic, saying that they were giving financial advice they believed would be in the best interest of their clients....

Thiel told the Financial Times that his account was frozen on Friday when regulators stepped in and took control of the bank. However, it is once again accessible after the US government stepped in earlier this week and shored up all customer deposits in SVB.

China

New Data Found Linking Covid-19's Origins to Wuhan Market. WHO Demands China Release It (theatlantic.com) 213

"The World Health Organization on Friday called on China to release new data linking the Covid pandemic's origins to animal samples at Wuhan Market after the country recently took down the research," reports CNBC.

The existence of the new data was revealed by the Atlantic earlier this week, in an article reporting that the newly-discovered samples showed the virus was present in creatures for sale there near the very beginning of the pandemic: A new analysis of genetic sequences collected from the market shows that raccoon dogs being illegally sold at the venue could have been carrying and possibly shedding the virus at the end of 2019. It's some of the strongest support yet, experts told me, that the pandemic began when SARS-CoV-2 hopped from animals into humans, rather than in an accident among scientists experimenting with viruses....

The genetic sequences were pulled out of swabs taken in and near market stalls around the pandemic's start. They represent the first bits of raw data that researchers outside of China's academic institutions and their direct collaborators have had access to. A few weeks ago, the data appeared on an open-access genomic database called GISAID, after being quietly posted by researchers affiliated with the country's Center for Disease Control and Prevention. By almost pure happenstance, scientists in Europe, North America, and Australia spotted the sequences, downloaded them, and began an analysis.

The samples were already known to be positive for the coronavirus, and had been scrutinized before by the same group of Chinese researchers who uploaded the data to GISAID. But that prior analysis, released as a preprint publication in February 2022, asserted that "no animal host of SARS-CoV-2 can be deduced...." The new analysis, led by Kristian Andersen, Edward Holmes, and Michael Worobey — three prominent researchers who have been looking into the virus's roots — shows that that may not be the case. Within about half a day of downloading the data from GISAID, the trio and their collaborators discovered that several market samples that tested positive for SARS-CoV-2 were also coming back chock-full of animal genetic material — much of which was a match for the common raccoon dog. Because of how the samples were gathered, and because viruses can't persist by themselves in the environment, the scientists think that their findings could indicate the presence of a coronavirus-infected raccoon dog in the spots where the swabs were taken....

The new analysis builds on extensive previous research that points to the market as the source of the earliest major outbreak of SARS-CoV-2: Many of the earliest known COVID-19 cases of the pandemic were clustered roughly in the market's vicinity. And the virus's genetic material was found in many samples swabbed from carts and animal-processing equipment at the venue, as well as parts of nearby infrastructure, such as storehouses, sewage wells, and water drains. Raccoon dogs, creatures commonly bred for sale in China, are also already known to be one of many mammal species that can easily catch and spread the coronavirus. All of this left one main hole in the puzzle to fill: clear-cut evidence that raccoon dogs and the virus were in the exact same spot at the market, close enough that the creatures might have been infected and, possibly, infectious.

That's what the new analysis provides. Think of it as finding the DNA of an investigation's main suspect at the scene of the crime.

The article also notes that the genetic sequences "also vanished from the database shortly after the international team of researchers notified the Chinese researchers of their preliminary findings, without explanation." And it adds that all along China has "vehemently" fought the theory that Covid-19 originated from live animals being sold at Wuhan market. Although "in June 2021, a team of researchers published a study documenting tens of thousands of mammals for sale in wet markets in Wuhan between 2017 and late 2019, including at Huanan."

"The animals were kept in largely illegal, cramped, and unhygienic settings — conditions conducive to viral transmission — and among them were more than 1,000 raccoon dogs." And there's even photos of raccoon dogs for sale at the market in December of 2019.


More coverage of the newly-discovered data is now appearing in numerous news outlets, including the New York Times, NBC News, ABC News, the Guardian, PBS, and Science.
Crime

Teens Are Stealing More Cars. They Learn How on Social Media. (yahoo.com) 99

Though Kia and Hyundai represent a tenth of U.S. auto sales, the New York Times reports that "Of the nearly 11,000 cars stolen in Memphis last year — about twice as many as in 2021 — roughly a third were late-model Kias and Hyundais, according to the police."

"It doesn't take much to rip them off: just a screwdriver, a USB cord and hot-wiring know-how found in videos proliferating on social media." Many of the culprits are teenagers or young adults stealing cars for kicks or to use them for other crimes, such as robberies, the police say. More than half of the 175 people arrested and accused of car theft this year in Memphis were teenagers, who often abandon the vehicles after a joyride.... [A]uto thefts have continued to rise, even as other forms of lawbreaking have leveled out or fallen....

[T]he surge has continued, fueled in part by social media videos that show, step by step, how to steal Kias and Hyundais that are not equipped with an engine immobilizer — an electronic security device that keeps a car from being started without a key.... [Kia and Hyundai] recently issued statements saying they had fixed the problem that makes their vehicles relatively easy to steal in their latest models, and were introducing free software upgrades for vulnerable cars — about 4.5 million Kias and 3.8 million Hyundais, the federal government estimated. At the same time, the companies have shipped steering wheel locks to police departments across the country, to be provided free of charge to car owners who drive at-risk models. And executives say they are constantly monitoring TikTok and YouTube for new videos that show how to steal their vehicles, and then alerting the social media companies so those videos can be removed....

Officials say the social media-driven rise in Kia and Hyundai thefts began about two years ago in Milwaukee, and then spread nationwide. City attorneys for Seattle and Columbus recently sued the automakers for not installing anti-theft technology, and other cities, including Cleveland, Milwaukee and St. Louis, have threatened litigation.

Businesses

Tech Layoffs Caused by Vain Over-Hiring for 'Fake Work', Argues Former PayPal Executive (yahoo.com) 121

Fortune reports: The thousands of layoffs in Big Tech are thanks to an over-hiring spree to satisfy the "vanity" of bosses at the likes of Meta and Alphabet, according to a member of the so-called PayPal Mafia. Speaking remotely at an event hosted by banking firm Evercore, Silicon Valley VC Keith Rabois said Meta and Google had hired thousands of people to do "fake work" to hit hiring metrics out of "vanity".

Rabois, who was an executive at PayPal in the early 2000s alongside Tesla CEO Elon Musk, said the axing of droves of jobs is overdue. "All these people were extraneous, this has been true for a long time, the vanity metric of hiring employees was this false god in some ways," Rabois said, according to Insider. "There's nothing for these people to do — it's all fake work. Now that's being exposed, what do these people actually do, they go to meetings."

The DoorDash investor added Google had intentionally hired engineers and tech talent to stop them from being snapped up by competitors.

Microsoft

Microsoft Makes Outlook for Mac Free To Use (theverge.com) 47

Microsoft is making Outlook for Mac free to use today. From a report: Outlook is now available free in Apple's App Store, and you no longer need a Microsoft 365 subscription or Office license to use it. It's a surprise move that coincides with Microsoft's push to make its Windows desktop Outlook email client more web-powered. Outlook for Mac includes support for Outlook.com accounts, Gmail, iCloud, Yahoo, and any email provider that has IMAP support. Microsoft redesigned its Mac email client in 2020, with a user interface that's optimized for Apple's latest macOS design changes.
GUI

Why is Meta Slashing Prices on its VR Headsets? (cnn.com) 127

"Meta is cutting prices for two of its virtual reality headsets as it continues trying to boost adoption for the nascent technology on which it has bet its future," reports CNN: The company announced Friday that it is slashing the price of its higher-end Meta Quest Pro headset by some $500, bringing its cost to $999, roughly six months after it was released. Meta is also lowering the price of its Quest 2 headset from $499.99 to $429.99. The price cut for the Quest 2 will go into effect in more than a dozen countries including the United States on Sunday. The Quest Pro price drop will take effect the same day in the United States and Canada and on March 15 in all other countries where it is sold.

"Our goal has always been to create hardware that's affordable for as many people as possible to take advantage of all that VR has to offer," the company said in a blog post.

Yahoo Finance believes Meta is lowering prices "because consumers are, well, just not buying as many as the company expected." The Verge agrees that the Meta Quest Pro was "an absolute boondoggle of a device" — but suggests that's not the whole story.

"if you look at the Quest 2, which most people use for playing games, as a game console, it's done reasonably well." Mark Rabkin, Meta's vice president for VR, told staff that Meta has sold over 20 million Quest headsets thus far. That includes both the Quest and Quest 2.... That seems like a small number, but the Nintendo GameCube only sold 21 million consoles in its entire lifespan, and the Xbox Series X and S are estimated to have sold approximately 20 million consoles thus far. So if you look at the Quest 2, which most people use for playing games, as a game console, it's done reasonably well.
Their conclusion? "Meta might have big ambitions for VR headsets and their place in the metaverse, but the reality is that the top software on the Quest 2 are all games.... And while Meta is thrusting metaverse experiences onto users, it's kind of ignoring that core gamer audience."
AI

Survey Claims Some Companies are Already Replacing Workers With ChatGPT (yahoo.com) 142

An anonymous reader quotes an article from Fortune: Earlier this month, job advice platform Resumebuilder.com surveyed 1,000 business leaders who either use or plan to use ChatGPT. It found that nearly half of their companies have implemented the chatbot. And roughly half of this cohort say ChatGPT has already replaced workers at their companies....

Business leaders already using ChatGPT told ResumeBuilders.com their companies already use ChatGPT for a variety of reasons, including 66% for writing code, 58% for copywriting and content creation, 57% for customer support, and 52% for meeting summaries and other documents. In the hiring process, 77% of companies using ChatGPT say they use it to help write job descriptions, 66% to draft interview requisitions, and 65% to respond to applications.

Overall, most business leaders are impressed by ChatGPT's work," ResumeBuilder.com wrote in a news release. "Fifty-five percent say the quality of work produced by ChatGPT is 'excellent,' while 34% say it's 'very good....'" Nearly all of the companies using ChatGPT said they've saved money using the tool, with 48% saying they've saved more than $50,000 and 11% saying they've saved more than $100,000....

Of the companies ResumeBuilder.com identified as businesses using the chatbot, 93% say they plan to expand their use of ChatGPT, and 90% of executives say ChatGPT experience is beneficial for job seekers — if it hasn't already replaced their jobs.

Google

Google Starts Beta Testing Its Rebrand of Interest-based Ad-targeting on Android (techcrunch.com) 24

Google has begun letting Android developers kick the tyres of its claimed reboot of ad-targeting -- announcing the launch of the first Beta for its "Privacy Sandbox," an adtech stack proposal which aims to iterate how ad tracking, targeting and reporting is done so it appears less creepy for individual users while maintaining an interest-based, behavioral targeting capability on web users' eyeballs. From a report: A "small percentage" of eligible Android 13 devices will be enrolled in the trial of the beta from today as the adtech giant starts a gradual (but it says global) rollout of the beta -- which will "expand over time." (It's published developer guidance on participating in the beta here.) Ad partners for the trial include TechCrunch's parent Yahoo, mobile games maker Rovio, mobility firm Wolt, cross-platform games engine Unity and mobile marketing platforms AppsFlyer, InMobi Exchange and Adjust. "If your device is selected for the Beta, you'll receive an Android notification letting you know," Google adds in a blog post -- implying Android users will be opted in to the experimental, interest-based ad targeting (and will have to actively opt out if they don't wish their eyeballs to be guinea pigs).
Yahoo!

Yahoo To Lay Off More Than 20% of Staff 63

Yahoo plans to lay off more than 20% of its total workforce as part of a major restructuring of its ad tech unit, executives told Axios. The cuts will impact more than 50% of Yahoo's ad tech employees -- more than 1,600 people. Axios reports: In an interview, Yahoo CEO Jim Lanzone stressed that the layoffs are not attributable to financial challenges, but rather, strategic changes to the company's Yahoo for Business advertising unit, which is not profitable. These changes will be "tremendously beneficial for the profitability of Yahoo overall," he said, which will allow the company "to go on offense" and invest more in other parts of its business that are profitable. Yahoo as a whole is profitable and brings in roughly $8 billion in annual revenue, Axios has reported.

Roughly 1,000 positions will be eliminated Thursday, representing 12% of the total planned cuts at Yahoo. The remaining 8% or more of cuts will occur in the second half of this year. Lanzone said he couldn't provide the exact number of future cuts, but confirmed that the total number of layoffs would amount to more than 50% of the ad tech unit's current staff, and more than 20% of Yahoo's current staff.

As part of the changes, Yahoo will shut down a part of its advertising business called its SSP, or supply-side platform, which helps digital publishers sell automated ads against their content. It will also shut down its native advertising platform, called Gemini, and instead will leverage its newly-formed partnership with ad tech giant Taboola to sell native advertising on its own content instead. By moving to Taboola, Yahoo will be able to increase the number of advertisers competing for ad placements on Yahoo properties by 8x, Lanzone said. The company is opting to shut down the SSP business instead of selling it, in part because it didn't want to be locked into a post-sale agreement where it would be forced to use its SSP exclusively, Lanzone said. Working with many different SSPs will help Yahoo optimize its ad revenue.
Iphone

Apple Watches and iPhones are Placing Dozens of False Distress Calls About Skiers (yahoo.com) 124

Dispatchers for 911 emergency calls "are being inundated with false, automated distress calls from Apple devices owned by skiers who are very much alive," reports the New York Times: "Do you have an emergency?" [911 emergency dispatcher] Betts asked. No, the man said, he was skiing — safely, happily, unharmed. Slightly annoyed, he added, "For the last three days, my watch has been dialing 911."

Winter has brought a decent amount of snowfall to [Colorado]'s ski resorts, and with it an avalanche of false emergency calls. Virtually all of them have been placed by Apple Watches or iPhone 14s under the mistaken impression that their owners have been debilitated in collisions. As of September, these devices have come equipped with technology meant to detect car crashes and alert 911 dispatchers. It is a more sensitive upgrade to software on Apple devices, now several years old, that can detect when a user falls and then dial for help. But the latest innovation appears to send the device into overdrive: It keeps mistaking skiers, and some other fitness enthusiasts, for car-wreck victims.

Lately, emergency call centers in some ski regions have been inundated with inadvertent, automated calls, dozens or more a week. Phone operators often must put other calls, including real emergencies, on hold to clarify whether the latest siren has been prompted by a human at risk or an overzealous device. "My whole day is managing crash notifications," said Trina Dummer, interim director of Summit County's emergency services, which received 185 such calls in the week from Jan. 13 to Jan. 22. (In winters past, the typical call volume on a busy day was roughly half that.) Ms. Dummer said that the onslaught was threatening to desensitize dispatchers and divert limited resources from true emergencies.

"Apple needs to put in their own call center if this is a feature they want," she said.

Apple acknowledged this was occuring in "some specific scenarios," the Times reports — but a spokesperson also "noted that when a crash is detected, the watch buzzes and sends a loud warning alerting the user that a call is being placed to 911, and it provides 10 seconds in which to cancel the call."

But the Times points out that "skiers, in helmets and layers of clothing, often do not to detect the warning, so they may not cancel the call or respond to the 911 dispatcher."
Bitcoin

Bitcoin's 2023 Price Rise 'Very Suspicious', Says Manipulation Researcher (yahoo.com) 104

In 2017 the New York Times covered research co-authored by John Griffin, a finance professor at the University of Texas, into Hong Kong-based Bitfinex, "one of the largest and least regulated exchanges in the industry." Mr. Griffin looked at the flow of digital tokens going in and out of Bitfinex and identified several distinct patterns that suggest that someone or some people at the exchange successfully worked to push up prices when they sagged at other exchanges. To do that, the person or people used a secondary virtual currency, known as Tether, which was created and sold by the owners of Bitfinex, to buy up those other cryptocurrencies.
To reach this conclusion, the paper's two authors "sifted through an incredible 200 gigabytes of trading data, equal to the troves that the Smithsonian Institution collects in two years," according to a new article in Fortune, "and followed sales and purchases from 2.5 million separate wallets."

The researchers ultimately concluded that a single, still unidentified, Bitcoin "whale" triggered nearly 60% of Bitcoin's one-year rise in 2017 from under $1,000 to over $19,000. But more importantly, Fortune now reports that Griffin "suspects that a similar dynamic is operating today." Toward the end of 2022, another mystifying trend caught Griffin's eye. Despite the crypto crash and myriad other negative forces, every time Bitcoin briefly breached the $16,000 floor, it bounced above that level and kept stubbornly trading between $16,000 and $17,000. Almost unbelievably, as the crypto market has continued to unravel into 2023, Bitcoin has gone in the opposite direction, trading up 35% since Jan. 7 to $23,000.

"It's very suspicious," Griffin told Fortune. "The same mechanism we saw in 2017 could be at play now in the still unreal Bitcoin market."

For Griffin, the way normally super-volatile Bitcoin went calm and stable in the stormiest of times for crypto fits a scenario where boosters are uniting to support and juice its price. "If you're a crypto manipulator, you want to set a floor under the price of your coin," added Griffin. "In a period of highly negative sentiment, we've seen suspiciously solid floors under Bitcoin."

It's important to note that no definitive proof of chicanery has so far emerged. "The space is bigger now so it's harder to dig the data," says Griffin. "Sophisticated players may be expert at hiding their identities." We have seen credible leaks asserting that major market participants call meetings of the sector's elite when they fear a crypto leader plans to make what they consider a reckless, industry-endangering move. But no evidence has surfaced that the players are gathering to coordinate buying of Bitcoin or other cryptocurrencies.

Fortune data editor Scott DeCarlo ran a detailed analysis and found, among other things, that Bitcoin "at peak FTX-induced turmoil showed both its smallest swings ever by a wide margin, and divergence from low to high that was one-fourth to one-fifth its average over the past six years." And they're not the only ones asking questions: In a blog post on Nov. 30 titled "Bitcoin's Last Stand," European Central Bank Director General for market operations Ulrich Bindseil and ECB adviser Jürgen Schaaf dismissed Bitcoin's resurgence as "an artificially induced last gasp before the road to irrelevance." Two leading figures on Wall Street told this writer on background that Bitcoin's price action, by resisting a flood of bad news, looks phony and different from a normal free market ruled by independent buyers and sellers.
Thanks to long-time Slashdot reader wired_parrot for submitting the story.
Intel

Intel Slashing CEO and Managers' Pay in a Bid To Preserve Cash (yahoo.com) 38

Intel, struggling with a rapid drop in revenue and earnings, is cutting management pay across the company to cope with a shaky economy and to preserve cash for an ambitious turnaround plan. From a report: Chief Executive Officer Pat Gelsinger is taking a 25% cut to his base salary, the chipmaker said Tuesday. His executive leadership team will see their pay packages decrease by 15%. Senior managers will take a 10% reduction and mid-level managers a 5% cut. Intel shares climbed 0.1% in premarket trading in New York Wednesday. The stock lost almost half its value last year. "As we continue to navigate macroeconomic headwinds and work to reduce costs across the company, we've made several adjustments to our 2023 employee compensation and rewards programs," Intel said in a statement. "These changes are designed to impact our executive population more significantly and will help support the investments and overall workforce needed to accelerate our transformation and achieve our long-term strategy." The move follows a gloomy outlook from Intel last week, when the company predicted one of the worst quarters in its more than 50-year history. Stiffer competition and a sharp slowdown in personal-computer demand has wiped out profits and eaten into Intel's cash reserves. At the same time, Gelsinger wants to invest in the company's future. He's two years into a turnaround effort aimed at restoring Intel's technological leadership in the $580 billion chip industry.
Google

After Layoffs: Executive Pay Cuts at Google - and How Apple Steered Clear (forbes.com) 36

Fortune reports on what happened next: As questions piled up over the weekend, Google CEO Sundar Pichai addressed the entire company in a meeting on Monday to answer questions, and announced then that top executives would take a pay cut this year as part of the company's cost reduction measures, Business Insider reported. Pichai said that all roles above the senior vice president level will witness "very significant reduction in their annual bonus," adding that for senior roles the compensation was linked to company performance. It was not immediately clear how big Pichai's own pay cut would be.
Reuters also points out that Pichai "received a massive hike in salary a few weeks before Google announced layoffs." But Fortune makes an interesting comparison: Pichai's move to cut the pay for senior executives comes only weeks after Apple's Tim Cook announced his compensation would be 40% lower amid shareholder pressure. The iPhone maker had a strong 2022 and remains one of the few tech behemoths that hasn't announced layoffs yet.
Last year Apple's share price still dropped 27%, reports Forbes, and "According to the Wall Street Journal, Apple is expected next month to report its first quarterly sales decline in over three years."

Yet Apple seems to have avoided layoffs — which Forbes argues is because Apple didn't hire aggressively during the pandemic. Compared to the other Big Tech companies, Apple scaled its workforce at a relatively slow pace and has generally followed the same hiring rate since 2016. While there was a hiring surge in Silicon Valley during the pandemic, Apple added less than 7,000 jobs in 2020....

The tech companies undergoing layoffs right now hired fervently during their pandemic — and even before. Alphabet has consecutively expanded its workforce at least 10% annually since 2013, according to CNBC....

Since 2012, Meta has expanded its workforce by thousands each year. In 2020, Zuckerberg increased headcount by 30% — 13,000 workers. The following year, the social media platform added another 13,000 employees to its payroll. Those two years marked the biggest growth in the company's history.

Amazon has initiated its plan to separate more than 18,000 white-collar professionals from its payroll. In 2021, the online retailer hired an estimated 500,000 employees, according to GeekWire, becoming the second-largest employer in the United States after Walmart. A year later, the company expanded its workforce by 310,000.

Entrepeneur supplies some context about those layoffs at Google: Reports indicate qualifying staff who were let go will receive their full notification period salary plus a severance package beginning at 16 weeks' pay and two additional weeks for every year of employment. Also part of the package: bonuses, vacation time, and health care coverage for up to six months will be paid for, along with job placement and immigration support.
Entrepreneur also notes reports that Google's latest round of layoffs "affected 27 massage therapists across Los Angeles and Irvine."
Earth

Earth's Inner Core May Have Started Spinning Other Way (yahoo.com) 84

Far below our feet, a giant may have started moving against us. From a report: Earth's inner core, a hot iron ball the size of Pluto, has stopped spinning in the same direction as the rest of the planet and might even be rotating the other way, research suggested on Monday. Roughly 5,000 kilometres (3,100 miles) below the surface we live on, this "planet within the planet" can spin independently because it floats in the liquid metal outer core. Exactly how the inner core rotates has been a matter of debate between scientists -- and the latest research is expected to prove controversial. What little is known about the inner core comes from measuring the tiny differences in seismic waves -- created by earthquakes or sometimes nuclear explosions -- as they pass through the middle of the Earth.

Seeking to track the inner core's movements, new research published in the journal Nature Geoscience analysed seismic waves from repeating earthquakes over the last six decades. The study's authors, Xiaodong Song and Yi Yang of China's Peking University, said they found that the inner core's rotation "came to near halt around 2009 and then turned in an opposite direction." "We believe the inner core rotates, relative to the Earth's surface, back and forth, like a swing," they told AFP. "One cycle of the swing is about seven decades", meaning it changes direction roughly every 35 years, they added. They said it previously changed direction in the early 1970s, and predicted the next about-face would be in the mid-2040s. The researchers said this rotation roughly lines up with changes in what is called the "length of day" -- small variations in the exact time it takes Earth to rotate on its axis.

Science

Human Waste Safe for Growing Vegetables, Researchers Say (yahoo.com) 83

As farmers in Europe and across the world grapple with increases in the cost of fertilizers, researchers suggest a solution may be closer to home in what people flush down the toilet. From a report: A peer-reviewed paper by scientists in Europe published Monday in the journal Frontiers in Environmental Science found that fertilizer made from human feces and urine is safe to use, and that only extremely tiny quantities of chemicals from medicines or drugs, for example, would get into the food. Governments worldwide are struggling to keep fertilizer costs manageable and increase self-sufficiency after Russia's invasion of Ukraine drove up prices of natural gas, a key feedstock for crop nutrients. European Union authorities are considering ways to speed up development of manure-based fertilizers after the surge in costs spurred anger among the bloc's farmers.

In terms of safety, the researchers screened human waste for 310 chemicals, from pharmaceuticals to insect repellents, and found that only 6.5% of these were above the limit for detection and at low concentrations. "In general, the risk for human health of pharmaceutical compounds entering the food system by means of fecal compost use, seems low," the authors concluded. While they detected two pharmaceutical products in edible parts of cabbages, the painkiller ibuprofen and the anticonvulsant drug carbamazepine, the concentrations were markedly low. This means that more than half a million cabbage heads would need to be eaten to accumulate a dose equivalent to one carbamazepine pill, they said.

Google

'Search Everyone First?' Lawyers Challenge Use of Warrants to Find Google Searchers (yahoo.com) 125

Bloomberg reports: After five people were killed in a 2020 arson in Colorado, law enforcement officials failed to turn up any leads through their initial investigative techniques. So they served a warrant to Google for anyone who had searched for the address of the fire, according to a court motion.

Google eventually complied with the data request, helping law enforcement find suspects. Three teenagers who had searched the address were charged with murder. But the technique also drew a challenge from defense lawyers, who are calling reverse keyword search warrants "a digital dragnet of immense proportions." It's the first case to challenge the constitutionality of the method, the attorneys say.

Defense lawyers filed a motion Wednesday to challenge the judge's decision to use evidence from the warrant to charge their client, Gavin Seymour. They're asking the Colorado Supreme Court to review the matter, after the judge earlier denied their motion to suppress the evidence. The keyword search warrant "is profoundly different from traditional search warrants seeking data belonging to a suspect," the defense argued in the court filing. "Instead, the process operates in reverse — search everyone first, and identify suspects later."

One defendant's lawyer points out Google must review the activities of billions of innocent searchers to respond to keyword search warrants, arguing this has "tremendous implications...for everyone in the country who uses Google to run searches."

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