PayPal hopes to boost its growth by starting an ad network [non-paywalled link] juiced with something it already owns: data on its millions of users. From a report: The digital payments company plans to build an ad sales business around the reams of data it generates from tracking the purchases as well as the broader spending behaviors of millions of consumers who use its services, which include the more socially-enabled Venmo app. PayPal has hired Mark Grether, who formerly led Uber's advertising business, to lead the effort as senior vice president and general manager of its newly-created PayPal Ads division. In his new role, he will be responsible for developing new ad formats, overseeing sales and hiring staff to fill out the division, he said.

PayPal in January introduced Advanced Offers, its first ad product, which uses AI and the company's data to help merchants target PayPal users with discounts and other personalized promotions. Advanced Offers only charges advertisers when consumers make a purchase. Online marketplaces eBay and Zazzle have begun testing it, according to a PayPal spokesman. But PayPal now aims to sell ads not only to its own customers, but to so-called non-endemic advertisers, or those that don't sell products or services through PayPal. Those companies might use PayPal data to target consumers with ads that could be displayed elsewhere, for instance, on other websites or connected TV sets.

"Concrete and steel production are major sources of CO2 emissions," writes New Atlas, "but a new solution from Cambridge could recycle both at the same time." Throwing old concrete into steel-processing furnaces not only purifies iron but produces "reactivated cement" as a byproduct. If done using renewable energy, the process could make for completely carbon-zero cement.

Concrete is the world's most used building material, and making it is a particularly dirty business — concrete production alone is responsible for about 8% of total global CO2 emissions. Unfortunately it's not easy to recycle back into a form that can be used to make new concrete structures... For the new study, Cambridge researchers investigated how waste concrete could be converted back into clinker, the dry component of cement, ready to be used again. "I had a vague idea from previous work that if it were possible to crush old concrete, taking out the sand and stones, heating the cement would remove the water, and then it would form clinker again," said Dr. Cyrille Dunant, first author of the study...

An electric arc furnace needs a "flux" material, usually lime, to purify the steel. This molten rocky substance captures the impurities, then bubbles to the surface and forms a protective layer that prevents the new pure steel from becoming exposed to air. At the end of the process, the used flux is discarded as a waste material. So for the Cambridge method, the lime flux was swapped out for the recycled cement paste. And sure enough, not only was it able to purify the steel just fine, but if the leftover slag is cooled quickly in air, it becomes new Portland cement.

The resulting concrete has similar performance to the original stuff. Importantly, the team says this technique doesn't add major costs to either concrete or steel production, and significantly reduces CO2 emissions compared to the usual methods of making both. If the electric arc furnace was powered by renewable sources, it could essentially make for zero-emission cement.
"The first industrial-scale trials are underway this month," the article adds. "Producing zero emissions cement is an absolute miracle, but we've also got to reduce the amount of cement and concrete we use," said Professor Julian Allwood, who led the research.

And the professor has also recorded a thoughtful video visualizing the process — and explaining the significance of their breakthrough.

In the future, "Probably none of us will have a job," Elon Musk said Thursday, speaking remotely to the VivaTech 2024 conference in Paris. Instead, jobs will be optional — something we'd do like a hobby — "But otherwise, AI and the robots will provide any goods and services that you want."

CNN reports that Musk added this would require "universal high income" — and "There would be no shortage of goods or services." In a job-free future, though, Musk questioned whether people would feel emotionally fulfilled. "The question will really be one of meaning — if the computer and robots can do everything better than you, does your life have meaning?" he said. "I do think there's perhaps still a role for humans in this — in that we may give AI meaning."
CNN accompanied their article with this counterargument: In January, researchers at MIT's Computer Science and Artificial Intelligence Lab found workplaces are adopting AI much more slowly than some had expected and feared. The report also said the majority of jobs previously identified as vulnerable to AI were not economically beneficial for employers to automate at that time. Experts also largely believe that many jobs that require a high emotional intelligence and human interaction will not need replacing, such as mental health professionals, creatives and teachers.
CNN notes that Musk "also used his stage time to urge parents to limit the amount of social media that children can see because 'they're being programmed by a dopamine-maximizing AI'."

China's rapid solar power expansion is slowing due to grid bottlenecks, market reforms, and diminishing rooftop space, with new solar builds dropping 32% in March year-on-year. Reuters reports: The country's solar power expansion is slowing due to tighter curbs on supplying excess power from rooftop solar into the grid and changes in electricity pricing that are denting the economics of new solar projects. Forecasts show China's solar build this year will be heavily outpaced by growth in its photovoltaic (PV) module manufacturing capacity, raising the prospect the country will export more solar panels despite a trade backlash in Europe and the U.S. The main factor slowing the expansion of distributed solar - installations built near the point of use, mostly on rooftops - is that there is not enough storage or transmission capacity to soak up the excess power generated when the sun is shining. That in turn is leading regulators to take away some of the price support that led to the rapid growth of distributed solar. "In the next couple of years, this is going to be a huge problem that all provinces will face as grids are oversaturated, the infrastructure is overwhelmed," said Cosimo Ries, an analyst with Trivium China, a policy research group. [...]

Renewable generators previously enjoyed a guarantee that grid operators would buy nearly all of their power at a rate tied to the coal index. That guarantee was lifted on April 1 and took effect earlier in some places, three industry experts said. Now, renewable generation is increasingly subject to less favourable market pricing. Shenhua Energy, a state-run coal and power firm, said in its first-quarter report that prices for its solar power fell 34.2% year-on-year to 283 yuan per megawatt-hour (MWh), while its coal power prices fell just 2.4% to 406 yuan per MWh. Wang Xiuqiang, a researcher at consultancy Beijing Linghang, attributed the lower solar prices and profitability to a higher proportion of market-based pricing. At the same time, grid companies are dialling back the 5% curtailment limit, "creating the risk for project owners that their generation might not be bought", said David Fishman of Shanghai-based energy consultancy the Lantau Group.

Curtailment for Huaneng Power International, a major state-owned generator, rose to 7.7% in the first quarter from 3.1% a year earlier, Jefferies analysts said in a client note, citing Huaneng management. In a further challenge, the easiest-to-site projects have already been largely developed, said Shi Lida, research manager at Yongan Guofu Asset Management. At sites still available, rooftops may need to be reinforced, grid connections may be limited, or hours of sunlight may be short. "If your costs don't continue to fall, the investment will not be cost effective," Shi said. Further reading: Germany Has Too Many Solar Panels, and It's Pushed Energy Prices Negative

An anonymous reader quotes a report from The Register: The Federal Trade Commission (FTC) has shared data on the most impersonated companies in 2023, which include Best Buy, Amazon, and PayPal in the top three. The federal agency detailed the top ten companies scammers impersonate and how much they make depending on the impersonation. By far the most impersonated corp was Best Buy and its repair business Geek Squad, with a total of 52k reports. Amazon impersonators came in second place with 34k reports, and PayPal a distant third with 10,000. Proportionally, the top three made up roughly 72 percent of the reports among the top ten, and Best Buy and Geek Squad scam reports were about 39 percent on their own. Though, high quantity doesn't necessarily translate to greater success for scammers, as the FTC also showed how much scammers made depending on what companies they impersonated. Best Buy and Geek Squad, Amazon, and PayPal scams made about $15 million, $19 million, and $16 million respectively, but that's nothing compared to the $60 million that Microsoft impersonators were able to fleece. [...]

The FTC also reported the vectors scammers use to contact their victims. Phone and email are still the most common means, but social media is becoming increasingly important for scamming and features the most costly scams. The feds additionally disclosed the kinds of payment methods scammers use for all sorts of frauds, including company and individual impersonation scams, investment scams, and romance scams. Cryptocurrency and bank transfers were popular for investment scammers, who are the most prolific on social media, while gift cards were most common for pretty much every other type of scam. However, not all scammers ask for digital payment, as the Federal Bureau of Investigation says that even regular old mail is something scammers are relying on to get their ill-gotten gains.

An anonymous reader quotes a report from The Hill: Federal Trade Commission (FTC) Chair Lina Khan said Wednesday that companies that train their artificial intelligence (A) models on data from news websites, artists' creations or people's personal information could be in violation of antitrust laws. At The Wall Street Journal's "Future of Everything Festival," Khan said the FTC is examining ways in which major companies' data scraping could hinder competition or potentially violate people's privacy rights. "The FTC Act prohibits unfair methods of competition and unfair or deceptive acts or practices," Khan said at the event. "So, you can imagine, if somebody's content or information is being scraped that they have produced, and then is being used in ways to compete with them and to dislodge them from the market and divert businesses, in some cases, that could be an unfair method of competition."

Khan said concern also lies in companies using people's data without their knowledge or consent, which can also raise legal concerns. "We've also seen a lot of concern about deception, about unfairness, if firms are making one set of representations when you're signing up to use them, but then are secretly or quietly using the data you're feeding them -- be it your personal data, be it, if you're a business, your proprietary data, your competitively significant data -- if they're then using that to feed their models, to compete with you, to abuse your privacy, that can also raise legal concerns," she said.

Khan also recognized people's concerns about companies retroactively changing their terms of service to let them use customers' content, including personal photos or family videos, to feed into their AI models. "I think that's where people feel a sense of violation, that that's not really what they signed up for and oftentimes, they feel that they don't have recourse," Khan said. "Some of these services are essential for navigating day to day life," she continued, "and so, if the choice -- 'choice' -- you're being presented with is: sign off on not just being endlessly surveilled, but all of that data being fed into these models, or forego using these services entirely, I think that's a really tough spot to put people in." Khan said she thinks many government agencies have an important role to play as AI continues to develop, saying, "I think in Washington, there's increasingly a recognition that we can't, as a government, just be totally hands off and stand out of the way." You can watch the interview with Khan here.

Emma Roth reports via The Verge: The UK could subject big tech companies to hefty fines if they don't comply with new rules meant to promote competition in digital markets. On Thursday, lawmakers passed the Digital Markets, Competition and Consumer Bill (DMCC) through Parliament, which will let regulators enforce rules without the help of the courts. The DMCC also addresses consumer protection issues by banning fake reviews, forcing companies to be more transparent about their subscription contracts, regulating secondary ticket sales, and getting rid of hidden fees. It will also force certain companies to report mergers to the UK's Competition and Markets Authority (CMA). The European Union enacted a similar law, called the Digital Markets Act (DMA).

Only the companies the CMA designates as having Strategic Market Status (SMS) have to comply. These SMS companies are described as having "substantial and entrenched market power" and "a position of strategic significance" in the UK. They must have a global revenue of more than 25 billion euros or UK revenue of more than 1 billion euros. The law will also give the CMA the authority to determine whether a company has broken a law, require compliance, and issue a fine -- all without going through the court system. The CMA can fine companies up to 10 percent of the total value of a business's global revenue for violating the new rules.

ICQ, a once-popular IM, is shutting down on June 26, it says on its website. It once served tens of millions of users daily.

California is another state lining up to pass a law requiring adult sites to verify the ages of porn watchers. From a report: The California State Assembly passed the Parent's Accountability and Child Protection Act that will require porn companies doing business in the state to verify that users are 18 years or older. This law would also affect other businesses such as fireworks, body branding, and even BB guns. Democrat Rebecca Bauer-Kahan and Republican Juan Alanis pushed for passage of the bill, which ended up receiving 65 out of possible 80 yes votes, and zero no votes with 15 assembly members listed as not voting. Before the bill becomes law, it still has to pass the State Senate and then be signed by Governor Gavin Newsom. Louisiana was the first state to pass an age verification law for adult sites in 2022. In the past year, several other states jumped on the bandwagon including Utah, Arkansas, Florida, Indiana, Mississippi, Montana, North Carolina, Texas, and Virginia.

An anonymous reader quotes a report from Quartz: Mark Zuckerberg has assembled some of his fellow tech chiefs into an advisory council to guide Meta on its artificial intelligence and product developments. The Meta Advisory Group will periodically meet with Meta's management team, Bloomberg reported. Its members include: Stripe CEO and co-founder Patrick Collison, former GitHub CEO Nat Friedman, Shopify CEO Tobi Lutke, and former Microsoft executive and investor Charlie Songhurst.

"I've come to deeply respect this group of people and their achievements in their respective areas, and I'm grateful that they're willing to share their perspectives with Meta at such an important time as we take on new opportunities with AI and the metaverse," Zuckerberg wrote in an internal note to Meta employees, according to Bloomberg. The advisory council differs from Meta's 11-person board of directors because its members are not elected by shareholders, nor do they have fiduciary duty to Meta, a Meta spokesperson told Bloomberg. The spokesperson said that the men will not be paid for their roles on the advisory council. TechCrunch notes that the council features "only white men on it." This "differs from Meta's actual board of directors and its Oversight Board, which is more diverse in gender and racial representation," reports TechCrunch.

"It's telling that the AI advisory council is composed entirely of businesspeople and entrepreneurs, not ethicists or anyone with an academic or deep research background. ... it's been proven time and time again that AI isn't like other products. It's a risky business, and the consequences of getting it wrong can be far-reaching, particularly for marginalized groups."

iFixit and Samsung are parting ways. Two years after they teamed up on one of the first direct-to-consumer phone repair programs, iFixit CEO and co-founder Kyle Wiens tells The Verge the two companies have failed to renegotiate a contract -- and says Samsung is to blame. From a report: "Samsung does not seem interested in enabling repair at scale," Wiens tells me, even though similar deals are going well with Google, Motorola, and HMD. He believes dropping Samsung shouldn't actually affect iFixit customers all that much. Instead of being Samsung's partner on genuine parts and approved repair manuals, iFixit will simply go it alone, the same way it's always done with Apple's iPhones. While Wiens wouldn't say who technically broke up with whom, he says price is the biggest reason the Samsung deal isn't working: Samsung's parts are priced so high, and its phones remain so difficult to repair, that customers just aren't buying.

The Justice Department on Thursday said it was suing Live Nation Entertainment [non-paywalled link], the concert giant that owns Ticketmaster, asking a court to break up the company over claims it illegally maintained a monopoly in the live entertainment industry. From a report: In the lawsuit, which is joined by 29 states and the District of Columbia, the government accuses Live Nation of dominating the industry by locking venues into exclusive ticketing contracts, pressuring artists to use its services and threatening its rivals with financial retribution. Those tactics, the government argues, have resulted in higher ticket prices for consumers and have stifled innovation and competition throughout the industry.

"It is time to break up Live Nation-Ticketmaster," Merrick Garland, the attorney general, said in a statement announcing the suit, which is being filed in the U.S. District Court for the Southern District of New York. The lawsuit is a direct challenge to the business of Live Nation, a colossus of the entertainment industry and a force in the lives of musicians and fans alike. The case, filed 14 years after the government approved Live Nation's merger with Ticketmaster, has the potential to transform the multibillion-dollar concert industry. Live Nation's scale and reach far exceed those of any competitor, encompassing concert promotion, ticketing, artist management and the operation of hundreds of venues and festivals around the world.

An anonymous reader quotes a report from Krebs On Security: Apple and the satellite-based broadband service Starlink each recently took steps to address new research into the potential security and privacy implications of how their services geo-locate devices. Researchers from the University of Maryland say they relied on publicly available data from Apple to track the location of billions of devices globally -- including non-Apple devices like Starlink systems -- and found they could use this data to monitor the destruction of Gaza, as well as the movements and in many cases identities of Russian and Ukrainian troops. At issue is the way that Apple collects and publicly shares information about the precise location of all Wi-Fi access points seen by its devices. Apple collects this location data to give Apple devices a crowdsourced, low-power alternative to constantly requesting global positioning system (GPS) coordinates.

Both Apple and Google operate their own Wi-Fi-based Positioning Systems (WPS) that obtain certain hardware identifiers from all wireless access points that come within range of their mobile devices. Both record the Media Access Control (MAC) address that a Wi-FI access point uses, known as a Basic Service Set Identifier or BSSID. Periodically, Apple and Google mobile devices will forward their locations -- by querying GPS and/or by using cellular towers as landmarks -- along with any nearby BSSIDs. This combination of data allows Apple and Google devices to figure out where they are within a few feet or meters, and it's what allows your mobile phone to continue displaying your planned route even when the device can't get a fix on GPS.

With Google's WPS, a wireless device submits a list of nearby Wi-Fi access point BSSIDs and their signal strengths -- via an application programming interface (API) request to Google -- whose WPS responds with the device's computed position. Google's WPS requires at least two BSSIDs to calculate a device's approximate position. Apple's WPS also accepts a list of nearby BSSIDs, but instead of computing the device's location based off the set of observed access points and their received signal strengths and then reporting that result to the user, Apple's API will return the geolocations of up to 400 hundred more BSSIDs that are nearby the one requested. It then uses approximately eight of those BSSIDs to work out the user's location based on known landmarks.

In essence, Google's WPS computes the user's location and shares it with the device. Apple's WPS gives its devices a large enough amount of data about the location of known access points in the area that the devices can do that estimation on their own. That's according to two researchers at the University of Maryland, who theorized they could use the verbosity of Apple's API to map the movement of individual devices into and out of virtually any defined area of the world. The UMD pair said they spent a month early in their research continuously querying the API, asking it for the location of more than a billion BSSIDs generated at random. They learned that while only about three million of those randomly generated BSSIDs were known to Apple's Wi-Fi geolocation API, Apple also returned an additional 488 million BSSID locations already stored in its WPS from other lookups. "Plotting the locations returned by Apple's WPS between November 2022 and November 2023, Levin and Rye saw they had a near global view of the locations tied to more than two billion Wi-Fi access points," the report adds. "The map showed geolocated access points in nearly every corner of the globe, apart from almost the entirety of China, vast stretches of desert wilderness in central Australia and Africa, and deep in the rainforests of South America."

The researchers wrote: "We observe routers move between cities and countries, potentially representing their owner's relocation or a business transaction between an old and new owner. While there is not necessarily a 1-to-1 relationship between Wi-Fi routers and users, home routers typically only have several. If these users are vulnerable populations, such as those fleeing intimate partner violence or a stalker, their router simply being online can disclose their new location."

A copy of the UMD research is available here (PDF).

Microsoft is adding screenshot prevention controls in Edge to block you from taking screenshots at work. "It's all designed to prevent you from sharing screenshots with competitors, relatives, and journalists using Microsoft Edge for Business," reports PCWorld. From the report: Specifically, IT managers at corporations will be able to tag web pages as protected, as defined in various Microsoft policy engines in Microsoft 365, Microsoft Defender for Cloud Apps, Microsoft Intune Mobile Application Management and Microsoft Purview, Microsoft said. The screenshot prevention feature will be available to customers in the "coming months," Microsoft said. It's also unclear whether third-party tools will be somehow blocked from taking screenshots or recording video, too.

Microsoft will also roll out a way to force Edge for Business users to automatically update their browsers. The feature will enter a preview phase over the next few weeks, Microsoft said. "The Edge management service will enable IT admins to see which devices have Edge instances that are out of date and at risk," Microsoft said. "It will also provide mitigating controls, such as forcing a browser restart to install updates, enabling automatic browser updates or enabling enhanced security mode for added protections."

Nvidia reported fiscal first-quarter earnings surpassing expectations with strong forecasts, indicating sustained demand for its AI chips. Following the news, the company's stock rose over 6% in extended trading. Nvidia also said it was splitting its stock 10 to 1. CNBC reports: Nvidia said it expected sales of $28 billion in the current quarter. Wall Street was expecting earnings per share of $5.95 on sales of $26.61 billion, according to LSEG. Nvidia reported net income for the quarter of $14.88 billion, or $5.98 per share, compared with $2.04 billion, or 82 cents, in the year-ago period. [...] Nvidia said its data center category rose 427% from the year-ago quarter to $22.6 billion in revenue. Nvidia CFO Colette Kress said in a statement that it was due to shipments of the company's "Hopper" graphics processors, which include the company's H100 GPU.

Nvidia also highlighted strong sales of its networking parts, which are increasingly important as companies build clusters of tens of thousands of chips that need to be connected. Nvidia said that it had $3.2 billion in networking revenue, primarily its Infiniband products, which was over three times higher than last year's sales. Nvidia, before it became the top supplier to big companies building AI, was known primarily as a company making hardware for 3D gaming. The company's gaming revenue was up 18% during the quarter to $2.65 billion, which Nvidia attributed to strong demand.

The company also sells chips for cars and chips for advanced graphics workstations, which remain much smaller than its data center business. The company reported $427 million in professional visualization sales, and $329 million in automotive sales. Nvidia said it bought back $7.7 billion worth of its shares and paid $98 million in dividends during the quarter. Nvidia also said that it's increasing its quarterly cash dividend from 4 cents per share to 10 cents on a pre-split basis. After the split, the dividend will be a penny a share.

The Consumer Financial Protection Bureau declared on Wednesday that customers of the burgeoning buy now, pay later industry have the same federal protections as users of credit cards. From a report: The agency unveiled what it called an "interpretive rule" that deemed BNPL lenders essentially the same as traditional credit card providers under the decades-old Truth in Lending Act. That means the industry -- currently dominated by fintech firms like Affirm, Klarna and PayPal -- must make refunds for returned products or canceled services, must investigate merchant disputes and pause payments during those probes, and must provide bills with fee disclosures.

"Regardless of whether a shopper swipes a credit card or uses Buy Now, Pay Later, they are entitled to important consumer protections under long-standing laws and regulations already on the books," CFPB Director Rohit Chopra said in a release. The CFPB, which last week was handed a crucial victory by the Supreme Court, has pushed hard against the U.S. financial industry, issuing rules that slashed credit card late fees and overdraft penalties. The agency, formed in the aftermath of the 2008 financial crisis, began investigating the BNPL industry in late 2021.

AI startup Humane has been seeking a buyer for its business, Bloomberg News reported, citing people familiar with the matter, just weeks after the company's closely watched wearable AI device had a rocky public launch. From the report: The company is working with a financial adviser to assist it, said the people, who asked not to be identified because the matter is private. Humane is seeking a price of between $750 million and $1 billion in a sale [non-paywalled link], one person said. The process is still early and may not result in a deal. Humane was founded in 2018 by two longtime Apple veterans, the married couple Imran Chaudhri and Bethany Bongiorno, in an attempt to come up with a new, AI-powered device that could potentially rival the iPhone. Last year it was valued by investors at $850 million, according to tech news site the Information.

An anonymous reader quotes a report from Reuters: Europe's landmark rules on artificial intelligence will enter into force next month after EU countries endorsed on Tuesday a political deal reached in December, setting a potential global benchmark for a technology used in business and everyday life. The European Union's AI Act is more comprehensive than the United States' light-touch voluntary compliance approach while China's approach aims to maintain social stability and state control. The vote by EU countries came two months after EU lawmakers backed the AI legislation drafted by the European Commission in 2021 after making a number of key changes. [...]

The AI Act imposes strict transparency obligations on high-risk AI systems while such requirements for general-purpose AI models will be lighter. It restricts governments' use of real-time biometric surveillance in public spaces to cases of certain crimes, prevention of terrorist attacks and searches for people suspected of the most serious crimes. The new legislation will have an impact beyond the 27-country bloc, said Patrick van Eecke at law firm Cooley. "The Act will have global reach. Companies outside the EU who use EU customer data in their AI platforms will need to comply. Other countries and regions are likely to use the AI Act as a blueprint, just as they did with the GDPR," he said, referring to EU privacy rules.

While the new legislation will apply in 2026, bans on the use of artificial intelligence in social scoring, predictive policing and untargeted scraping of facial images from the internet or CCTV footage will kick in in six months once the new regulation enters into force. Obligations for general purpose AI models will apply after 12 months and rules for AI systems embedded into regulated products in 36 months. Fines for violations range from $8.2 million or 1.5% of turnover to 35 million euros or 7% of global turnover depending on the type of violations.

It seems no industry is safe from consolidation, and the latest target is gaming media. From a report: IGN Entertainment has acquired the website portfolio of UK publisher Gamer Network, which operates a number of beloved games-focused publications. That list includes Gamesindustry.biz, Eurogamer, Rock Paper Shotgun, VG247, and the tabletop site Dicebreaker. The network also holds shares in sites like Nintendo Life and Digital Foundry.

Terms of the deal were not disclosed. Gamesindustry.biz reports that "some redundancies" have been made across the sites, though it's not clear how many workers have been impacted. According to several posts on X, editors at both Rock Paper Shotgun and Gamesindustry.biz have been laid off. IGN Entertainment is owned by Ziff Davis, which, in addition to IGN's site, also operates other subsidiaries like Humble Bundle.

Alphabet's moonshot factory, X, is scaling back its ambitious projects amid concerns over Google's core search business facing competition from AI chatbots like ChatGPT. The lab, once a symbol of Google's commitment to innovation, is now spinning off projects as startups rather than integrating them into Alphabet. The shift reflects a broader trend among tech giants, who are cutting costs and focusing on their core businesses in response to the rapidly evolving AI landscape.