AI

Pro-AI Group Launches First of Many Attack Ads for US Election (yahoo.com) 26

"Super PAC aims to drown out AI critics in midterms," the Washington Post reported in August, noting its intial funding over $100 million from "some of Silicon Valley's most powerful investors and executives" including OpenAI president Greg Brockman, his wife, and VC firm Andreessen Horowitz. The group's goal was "to quash a philosophical debate that has divided the tech industry on the risk of artificial intelligence overpowering humanity," according to the article — and to support "pro-AI" candidates in America's next election in November of 2026 and "oppose candidates perceived as slowing down AI development."

Their first target? State assemblyman Alex Bores, now running to be a U.S. representative. While in the state legislature Bores sponsored a bill that would "require large AI companies to publish safety data on their technology," notes the Washington Post. So the attack ad charges that Bores "wants Albany bureaucrats regulating AI," excoriating him for sponsoring a bill that "hands AI to state regulators and creates a chaotic patchwork of state rules that would crush innovation, cost New York jobs, and fail to keep people safe! And he's backed by groups funded by convicted felon Sam Bankman-Fried. Is that really who should be shaping AI safety for our kids? America needs one smart national policy that sets clear stands for safe AI not Albany politicians like Alex Bores."

The Post calls it "the opening skirmish in a battle set to play out across the country" as tech moguls (and an independent effort receiving "tens of millions" from Meta) "try to use the 2026 midterms to reengineer Congress and state legislatures in favor of their ambitions for artificial intelligence" and "to wrest control of the narrative around AI, just as politicians in both parties have started warning that the industry is moving too fast." By knocking down candidates such as Bores, who favor regulations, and boosting industry sympathizers, the tech-backed groups could signal to incumbents and candidates nationwide that opposing the tech industry can jeopardize their electoral chances. "Bores just happened to be first, but he's not the last, and he's certainly not the only," said Josh Vlasto, co-head of Leading the Future, the bipartisan super PAC behind the ad.

The group plans to support and oppose candidates in congressional and state elections next year. It will also fund rapid response operations against voices in the industry pushing for more oversight... The strategy aims to replicate the success of the cryptocurrency industry, which used a super PAC to clear a path for Congress this summer to boost the sector's fortunes with the passage of the Genius Act... But signs that voters are increasingly wary of AI suggest that approach may be challenging to replicate. More than half of Americans believe AI poses a high risk to society, Pew Research Center found in a June survey. As AI usage continues to grow, more people are being warned by chief executives that AI will disrupt their jobs, seeing power-hungry data centers spring up in their towns or hearing claims that chatbots can harm mental health.

The article also notes there's at least two other groups seeking to counter this pro-AI push, raising money through a nonprofit called "Public First."

CNN calls the new pro-AI ads "a likely preview of the vast amounts of money the technology industry could spend ahead of next year's elections," noting that the ads are first targeting the candidate-choosing primary elections
Earth

Trump Dismantling National Center For Atmospheric Research In Colorado (pbs.org) 284

echo123 shares a report from PBS: The Trump administration is dismantling the National Center for Atmospheric Research in Colorado, moving to dissolve a research lab that a top White House official described as "one of the largest sources of climate alarmism in the country." White House budget director Russ Vought criticized the lab in a social media post Tuesday night and said a comprehensive review of the lab is underway. "Vital activities such as weather research will be moved to another entity or location, Vought said.

The research lab, which houses the largest federal research program on climate change, supports research to predict, prepare for and respond to severe weather and other natural disasters. The research lab is managed by a nonprofit consortium of more than 130 colleges and universities on behalf of the National Science Foundation. A senior White House official cited two instances of the lab's "woke direction" that wastes taxpayer funds on what the official called frivolous pursuits and ideologies. One funded an Indigenous and Earth Sciences center that aimed to "make the sciences more welcoming, inclusive, and justice-centered," while another experiment traced air pollution to "demonize motor vehicles, oil and gas operations."
The lab "is quite literally our global mothership," said Katharine Hayhoe, a climate scientist and Distinguished Professor at Texas Tech University, in a post on X. "Nearly everyone who researches climate and weather -- not only in the U.S., but around the world -- has passed through its doors and benefited from its incredible resources."

She continued: "NCAR supports the scientists who fly into hurricanes, the meteorologists who develop new radar technology, the physicists who envision and code new weather models, and yes -- the largest community climate model in the world. That too. Dismantling NCAR is like taking a sledgehammer to the keystone holding up our scientific understanding of the planet."
Programming

Stanford Computer Science Grads Find Their Degrees No Longer Guarantee Jobs (latimes.com) 125

Elite computer science degrees are no longer a guaranteed on-ramp to tech jobs, as AI-driven coding tools slash demand for entry-level engineers and concentrate hiring around a small pool of already "elite" or AI-savvy developers. The Los Angeles Times reports: "Stanford computer science graduates are struggling to find entry-level jobs" with the most prominent tech brands, said Jan Liphardt, associate professor of bioengineering at Stanford University. "I think that's crazy." While the rapidly advancing coding capabilities of generative AI have made experienced engineers more productive, they have also hobbled the job prospects of early-career software engineers. Stanford students describe a suddenly skewed job market, where just a small slice of graduates -- those considered "cracked engineers" who already have thick resumes building products and doing research -- are getting the few good jobs, leaving everyone else to fight for scraps.

"There's definitely a very dreary mood on campus," said a recent computer science graduate who asked not to be named so they could speak freely. "People [who are] job hunting are very stressed out, and it's very hard for them to actually secure jobs." The shake-up is being felt across California colleges, including UC Berkeley, USC and others. The job search has been even tougher for those with less prestigious degrees. [...] Data suggests that even though AI startups like OpenAI and Anthropic are hiring many people, it is not offsetting the decline in hiring elsewhere. Employment for specific groups, such as early-career software developers between the ages of 22 and 25 has declined by nearly 20% from its peak in late 2022, according to a Stanford study. [...]

A common sentiment from hiring managers is that where they previously needed ten engineers, they now only need "two skilled engineers and one of these LLM-based agents," which can be just as productive, said Nenad Medvidovic, a computer science professor at the University of Southern California. "We don't need the junior developers anymore," said Amr Awadallah, CEO of Vectara, a Palo Alto-based AI startup. "The AI now can code better than the average junior developer that comes out of the best schools out there." [...] Stanford students say they are arriving at the job market and finding a split in the road; capable AI engineers can find jobs, but basic, old-school computer science jobs are disappearing. As they hit this surprise speed bump, some students are lowering their standards and joining companies they wouldn't have considered before. Some are creating their own startups. A large group of frustrated grads are deciding to continue their studies to beef up their resumes and add more skills needed to compete with AI.

The Almighty Buck

Strava Puts Popular 'Year In Sport' Recap Behind an $80 Paywall 16

An anonymous reader quotes a report from Ars Technica: Earlier this month, Strava, the popular fitness-tracking app, released its annual "Year in Sport" wrap-up -- a cutesy, animated series of graphics summarizing each user's athletic achievements. But this year, for the first time, Strava made this feature available only to users with subscriptions ($80 per year), rather than making it free to everyone, as it had been historically since the review's debut in 2016. This decision has roiled numerous Strava users, particularly those who have relished the app's social encouragement features.

One Strava user in India, Shobhit Srivastava, "begged" Strava to "let the plebs see their Year in Sport too, please." He later explained to Ars that having this little animated video is more than just a collection of raw numbers. "When someone makes a video of you and your achievements and tells you that these are the people who stood right behind you, motivated you, cheered for you -- that feeling is of great significance to me!" he said by email.
"Our goal was to give our users ample notice before the personalized Year In Sport was released," said Strava spokesperson Chris Morris. "With the relaunch of our subscription this year, we wanted to clarify the core benefits of Strava -- uploading activities, finding your community, sharing and giving kudos -- remain as accessible as possible."
Businesses

FTC: Instacart To Refund $60M Over Deceptive Subscription Tactics (bleepingcomputer.com) 5

alternative_right writes: Grocery delivery service Instacart will refund $60 million to settle FTC claims that it misled customers with false advertising and unlawfully enrolled them in paid subscriptions. Instacart partners with over 1,800 retailers to provide online shopping, delivery, and pickup services from nearly 100,000 stores across North America. Its platform serves millions of customers and is also used by roughly 600,000 independent shoppers across thousands of cities in Canada and the United States.

In a complaint filed on Thursday, the FTC claimed Instacart engaged in multiple deceptive tactics that raised costs for customers, including failing to provide advertised refunds and falsely advertising "free delivery" while still charging mandatory service fees that added up to 15% to order costs. The FTC said Instacart also advertised a "100% satisfaction guarantee," but typically offered only small credits toward future orders rather than full refunds to customers experiencing problems with deliveries or service. The company allegedly hid refund options from "self-service" menus, leading customers to believe credits were their only option.

News

ACM To Make Its Entire Digital Library Open Access Starting January 2026 (acm.org) 22

The Association for Computing Machinery, the world's largest society of computing professionals, announced that all publications and related artifacts in the ACM Digital Library will become freely available to everyone starting January 2026. Authors will retain full copyright to their published work under the new arrangement, and ACM has committed to defending those works against copyright and integrity-related violations.

The transition follows what ACM described as extensive dialogue with authors, Special Interest Group leaders, editorial boards, libraries, and research institutions globally. Students, educators, and researchers at institutions of all sizes -- from well-resourced universities to emerging research communities -- will gain unrestricted access to the full catalog of ACM-published work. The Digital Library houses decades of computing research across journals, magazines, conference proceedings, and books.
News

Denmark Says Russia Was Behind Two 'Destructive and Disruptive' Cyberattacks (theguardian.com) 56

The Danish government has accused Russia of being behind two "destructive and disruptive" cyberattacks in what it describes as "very clear evidence" of a hybrid war. From a report: The Danish Defence Intelligence Service (DDIS) announced on Thursday that Moscow was behind a cyberattack on a Danish water utility in 2024 and a series of distributed denial-of-service (DDoS) attacks on Danish websites in the lead-up to the municipal and regional council elections in November.

The first, it said, was carried out by the pro-Russian group known as Z-Pentest and the second by NoName057(16), which has links to the Russian state. "The Russian state uses both groups as instruments of its hybrid war against the west," DDIS said in a statement. "The aim is to create insecurity in the targeted countries and to punish those that support Ukraine. Russia's cyber operations form part of a broader influence campaign intended to undermine western support for Ukraine." It added: "The DDIS assesses that the Danish elections were used as a platform to attract public attention -- a pattern that has been observed in several other European elections."

Businesses

Trump's Social Media Business Is Merging With a Nuclear Fusion Company 74

Tony Isaac shares a report from CNN: President Donald Trump's social media and crypto company is making a huge bet on a far different industry -- nuclear fusion, a potentially lucrative albeit commercially unproven energy technology that could help power a suddenly electricity-starved economy. Trump Media and Technology Group Thursday announced a surprise merger with TAE Technologies, in an all-stock deal valued at more than $6 billion that would create one of the first publicly traded fusion companies. News of the deal shares of Trump Media (DJT) 35% higher in early trading Thursday.

After the deal closes, shareholders of Trump Media and TAE would own about 50% of the combined entity. The combined companies plan to begin construction as soon as next year of the world's first fusion reaction that could produce electricity on utility scale, rather than just in laboratory settings. The combination with TMTG could give TAE political clout. But it could also make it more politically controversial, particularly if it looks to receive any kind of federal government support, such as grants, low-interest loans or permitting approvals.

It could also give TAE access to capital that it needs. Under terms of the deal, TMTG would provide $300 million in cash for TAE's plans. But that is likely a fraction of the cash available from some of TAE's current investors, such as Google parent company Alphabet, as well as its bevy of private equity investors. But that $300 million is only a fraction of the money that TAE needs, or expects to be able to access, once it has become a public company with this deal. Staying a private company, even with deep pocketed investors, is no longer sufficient TAE CEO Michl Binderbauer told CNN Thursday.
"It's a multi-billion dollar undertaking," said Binderbauer. "The velocity you can get the capital is differentiating. If I raise $2 billion over five years I can't built the plant sufficiently fast." He said the company has raised about $1.3 billion over the course of its 25-year history.
United Kingdom

UK Actors Vote To Refuse To Be Digitally Scanned In Pushback Against AI 44

An anonymous reader quotes a report from the Guardian: Actors have voted to refuse digital scanning to prevent their likeness being used by artificial intelligence in a pushback against AI in the arts. Members of the performing arts union Equity were asked if they would refuse to be scanned while on set, a common practice in which actors' likeness is captured for future use -- with 99% voting in favor of the move. The vote was an indicative ballot designed to demonstrate the strength of feeling on the issue, with more than 7,000 members polled on a 75% turnout. However, actors would not be legally protected if they refused to be scanned.

The union said it would write to Pact, the trade body representing the majority of producers and production companies in the UK, to negotiate new minimum standards for pay, as well as terms and conditions for actors working in film and TV. Equity said it may hold a formal ballot depending on the outcome of the negotiations, which, if backed, would give actors legal protection if they were being pressed to accept digital scanning on set.
The general secretary, Paul Fleming, said: "Artificial intelligence is a generation-defining challenge. And for the first time in a generation, Equity's film and TV members have shown that they are willing to take industrial action. Ninety per cent of TV and film is made on these agreements. Over three-quarters of artists working on them are union members. This shows that the workforce is willing to significantly disrupt production unless they are respected, and [if] decades of erosion in terms and conditions begins to be reversed."
The Courts

Judge Hints Vizio TV Buyers May Have Rights To Source Code Licensed Under GPL (theregister.com) 38

A California judge signaled support for forcing Vizio to provide the full source code for its SmartCast TV software after finding a contractual obligation under the GPL. If upheld, the case could strengthen users' rights to modify GPL-licensed software embedded in consumer electronics. The Register reports: The legal complaint from the Software Freedom Conservancy (SFC) seeks access to the SmartCast source code so that Vizio customers can make changes and improvements to the platform, something that ought to be possible for code distributed under the GPL. On Thursday, California Superior Court Judge Sandy Leal issued a tentative ruling in advance of a hearing, indicating support for part of SFC's legal challenge. The tentative ruling is not a final decision, but it signals the judge's inclination to grant the SFC's motion for summary adjudication, at least in part.

"The tentative ruling [PDF] grants SFC's motion on the issue that a direct contract was made between SFC and Vizio when SFC's systems administrator, Paul Visscher, requested the source code to a TV that SFC has purchased," the SFC said in a blog post. "This contract obligated Vizio to provide SFC the complete and corresponding source code." [...]

Karen Sandler, executive director of the SFC, told The Register in an email that the hearing went well, though Vizio's legal counsel "stridently disagreed" with the legal analysis in the tentative ruling. "Judge Leal said she would take the matter 'under submission' which means she will think about it further," Sandler said. "After the Court went off the record, Leal's clerk specifically verified the Court reporter could provide an expedited transcript, so Leal will likely review the hearing transcript soon." Sandler expects Leal will examine the filings again before issuing her opinion, which is likely to be issued in the next few weeks.

Youtube

YouTube Shuts Down Channels Using AI To Create Fake Movie Trailers (deadline.com) 31

An anonymous reader quotes a report from Deadline: YouTube has terminated two prominent channels that used artificial intelligence to create fake movie trailers, Deadline can reveal. The Google-owned video giant has switched off Screen Culture and KH Studio, which together boasted well over 2 million subscribers and more than a billion views. The channels have been replaced with the message: "This page isn't available. Sorry about that. Try searching for something else."

Earlier this year, YouTube suspended ads on Screen Culture and KH Studio following a Deadline investigation into fake movie trailers plaguing the platform since the rise of generative AI. The channels later returned to monetization when they started adding "fan trailer," "parody" and "concept trailer" to their video titles. But those caveats disappeared In recent months, prompting concern in the fan-made trailer community. YouTube's position is that the channels' decision to revert to their previous behavior violated its spam and misleading-metadata policies. This resulted in their termination. "The monster was defeated," one YouTuber told Deadline following the enforcement action.

Deadline's investigation revealed that Screen Culture spliced together official footage with AI images to create franchise trailers that duped many YouTube viewers. Screen Culture founder Nikhil P. Chaudhari said his team of a dozen editors exploited YouTube's algorithm by being early with fake trailers and constantly iterating with videos. [...] Our deep dive into fake trailers revealed that instead of protecting copyright on these videos, a handful of Hollywood studios, including Warner Bros Discovery and Sony, secretly asked YouTube to ensure that the ad revenue from the AI-heavy videos flowed in their direction.

Earth

2026 Will Bring Heat More Than 1.4C Above Preindustrial Levels, UK Met Office Says (theguardian.com) 48

The UK Met Office projects that 2026 will see global temperatures rise between 1.34C and 1.58C above preindustrial levels, placing it among the four hottest years since records began in 1850 and continuing a streak of extreme warming that has pushed the planet into unprecedented territory. The central forecast is slightly cooler than the 1.55C recorded in 2024, the warmest year on record. But climate scientist Adam Scaife, who led the forecast, noted that "the last three years are all likely to have exceeded 1.4C" and 2026 would be the fourth consecutive year to do so. "Prior to this surge, the previous global temperature had not exceeded 1.3C," he said.

The forecast suggests another temporary exceedance of the 1.5C threshold set by the Paris Agreement is possible in 2026, following the first such breach in 2024. The 1.5C target is measured as a 30-year average, so it remains technically achievable even as individual years cross the line. EU scientists said last week that 2025 is "virtually certain" to rank as the second or third-hottest year on record.
United Kingdom

Man Boards Heathrow Flight Without Passport or Ticket (telegraph.co.uk) 86

Bruce66423 writes: A man boarded a flight at Heathrow without a ticket, boarding pass or passport.

'The unnamed individual walked onto the 7.20am British Airways (BA) flight to Oslo, Norway, on Saturday after tailgating other passengers through security and evading checks at the departure gate.

An aviation expert described the incident as a "significant lapse in security", as a witness reported that cabin crew only detected the interloper because the flight was full and he kept sitting in passengers' assigned seats.

Police arrested the unnamed man, airport sources said, adding that he had passed through "full security screening" before reaching the gate.

Given that he did go through the security check, this is merely embarrassing. Compare and contrast with this episode.

Education

MIT Grieves Shooting Death of Renowned Director of Plasma Science Center (theguardian.com) 64

An anonymous reader quotes a report from the Guardian: The Massachusetts Institute of Technology (MIT) community is grieving after the "shocking" shooting death of the director of its plasma science and fusion center, according to officials. Nuno FG Loureiro, 47, had been shot multiple times at his home in the affluent Boston suburb of Brookline on Monday night when police said they received a call to investigate. Emergency responders brought Loureiro to a hospital, and the award-winning scientist was pronounced dead there Tuesday morning, the Norfolk county district attorney's office said in a statement.

The Boston Globe reported speaking with a neighbor of Loureiro who heard gunshots, found the academic lying on his back in the foyer of their building and then called for help alongside the victim's wife. The statement from the Norfolk district attorney's office said an investigation into Loureiro's slaying remained ongoing later Tuesday. But the agency did not immediately release any details about a possible suspect or motive in the killing, which gained widespread attention across academic circles, the US and in Loureiro's native Portugal.

Portugal's minster of foreign affairs announced Loureiro's death in a public hearing Tuesday, as CNN reported. Separately, MIT president Sally Kornbluth issued a university-wide letter expressing "great sadness" over the death of Loureiro, whose survivors include his wife. "This shocking loss for our community comes in a period of disturbing violence in many other places," said Kornbluth's letter, released after a weekend marred by deadly mass shootings at Brown University in Rhode Island -- about 50 miles away from MIT -- as well as on Australia's Bondi Beach. The letter concluded by providing a list of mental health resources, saying: "It's entirely natural to feel the need for comfort and support."

Youtube

The Oscars Will Abandon Broadcast TV For YouTube In 2029 (variety.com) 83

The Academy has struck a multi-year deal to move the Oscars to YouTube starting in 2029, ending decades on ABC and making the ceremony free to stream worldwide with YouTube holding exclusive global rights. Variety reports: The Oscars, including red carpet coverage, behind-the-scenes content and Governors Ball, will be available live and for free on YouTube to viewers around the world, as well as to YouTube TV subscribers in the United States. Architects of the agreement said they hope the move to YouTube will help make the Oscars more accessible to "the Academy's growing global audience through features such as closed captioning and audio tracks available in multiple languages." [...]

The Academy had been seeking a new broadcast licensing agreement for the better part of 2025. Over the summer, several expected and unconventional buyers, including NBCUniversal and Netflix, had come into the mix as potential suitors. Insiders believe that YouTube shelled out over nine figures for the Oscars, besting the high eight-figure offers from Disney/ABC and NBCUniversal. Under the most recent contract, Disney was paying around $100 million annually for the Oscars -- but given the ratings declines for the kudocast, Disney/ABC were reportedly looking to spend less on license fees.

[...] It's not a secret that the Academy and Disney/ABC would occasionally have disagreements over the best path for the Oscars, including the show's length, which awards to present and who should host. Now, on a streamer with no time limits, the Oscars can be any length, and the Academy likely has carte blanche to do whatever it wants with the telecast. "They can do whatever they want," says one insider. "You can have a six-hour Oscars hosted by MrBeast."

The Almighty Buck

GitHub Is Going To Start Charging You For Using Your Own Hardware (theregister.com) 47

GitHub will begin charging $0.002 per minute for self-hosted Actions runners used on private repositories starting in March. "At the same time, GitHub noted in a Tuesday blog post that it's lowering the prices of GitHub-hosted runners beginning January 1, under a scheme it calls 'simpler pricing and a better experience for GitHub Actions,'" reports The Register. "Self-hosted runner usage on public repositories will remain free." From the report: Regardless of the public repo distinction, enterprise-scale developers who rely on self-hosted runners were predictably not pleased about the announcement. "Github have just sent out an email announcing a $0.002/minute fee for self-hosted runners," Reddit user markmcw posted on the DevOps subreddit. "Just ran the numbers, and for us, that's close to $3.5k a month extra on our GitHub bill." [...]

"Historically, self-hosted runner customers were able to leverage much of GitHub Actions' infrastructure and services at no cost," the repo host said in its blog FAQ. "This meant that the cost of maintaining and evolving these essential services was largely being subsidized by the prices set for GitHub-hosted runners." The move, GitHub said, will align costs more closely with usage. Like many similar changes to pricing models pushed by tech firms, GitHub says "the vast majority of users ... will see no price increase."

GitHub claims that 96 percent of its customers will see no change to their bill, and that 85 percent of the 4 percent affected by the pricing update will actually see their Actions costs decrease. The company says the remaining 15 percent of impacted users will face a median increase of about $13 a month. For those using self-hosted runners and worried about increased costs, GitHub has updated its pricing calculator to include the cost of self-hosted runners.

Education

English Has Become Easier To Read (worksinprogress.news) 57

The conventional wisdom that English prose has gotten easier to read because sentences have gotten shorter is wrong, according to a new analysis published in Works in Progress by writer and Mercatus Center research fellow Henry Oliver. The real transformation happened centuries ago in the 1500s and 1600s when Bible translators like William Tyndale and Thomas Cranmer developed a "plain style" built on logical syntax rather than the older rhythmic, periodic structures inherited from medieval prose.

Oliver argues that much of what modern datasets measure as declining sentence length is actually just changing punctuation habits. Writers now use periods where earlier generations used colons and semicolons. One dataset shows semicolon usage dropped from one every 90 words in 1781 to one every 390 words today. The cognitive complexity of a paragraph often remains the same regardless of how it's punctuated. Even wildly popular modern books don't follow the "short sentences equal readable" formula. Oliver points to Onyx Storm, the 2025 fantasy novel that has sold tens of millions of copies, which opens with sentences of 24 and 30 words. The 30-word sentence has a subordinate clause twice as long as its main clause. The book reads easily not because sentences are short but because the language is plain and the syntax is logical.
Government

FCC Chair Suggests Agency Isn't Independent, Word Cut From Mission Statement (axios.com) 110

FCC Chairman Brendan Carr said in his Wednesday Senate testimony that the agency he governs "is not an independent agency, formally speaking." Axios: During his testimony, the word "independent" was removed from the FCC's mission statement on its website. The extraordinary statement speaks to a broader trend of regulatory agencies losing power to the executive branch during the Trump era. Last week, the Supreme Court appeared poised to allow President Trump to fire members of the Federal Trade Commission during oral arguments over the issue.

Sen. Ben Ray LujÃn (D-N.M.) began the line of questioning, citing the FCC's website, which said the agency was independent as of Wednesday morning. By Wednesday afternoon, the FCC's mission statement no longer said it was independent. Chairman Carr would not respond directly to questions about whether he believed the president was his boss. He would not answer whether it's appropriate if the president were to pressure him to go after media companies. He suggested the president has the power to fire him and other FCC commissioners.

Businesses

Coursera Acquires Udemy For $930 Million 15

Coursera announced on Wednesday that it will acquire rival online learning platform Udemy in an all-stock deal that values the combined company at $2.5 billion, a move that brings together two of the largest U.S.-based players in an industry that has struggled since pandemic-era enrollment highs faded. Under the terms of the agreement, Udemy shareholders will receive 0.8 shares of Coursera for each share they hold, valuing Udemy at roughly $930 million. Based on Coursera's last closing price, the offer works out to $6.35 per Udemy share, an 18.3% premium. The deal is expected to close in the second half of next year, pending regulatory and shareholder approvals.

The two companies are betting that a combined platform will be better positioned to pursue corporate customers seeking to retrain workers in artificial intelligence, data science and software development. Coursera has built its business on partnerships with universities and institutions to offer degree programs and professional certificates, while Udemy operates a marketplace where independent instructors sell courses directly to consumers and businesses. Both stocks have significantly underperformed this year. Udemy shares have fallen about 35% and Coursera is down roughly 7%, leaving both trading well below their post-IPO highs as investors remain cautious about competition and pricing pressure in the sector.
The Almighty Buck

Uber and DoorDash Try To Halt NYC Law That Encourages Tipping (nytimes.com) 208

An anonymous reader quotes a report from the New York Times: Two of the largest food-delivery app companies have made a last-ditch effort to overturn tipping laws in New York City that go into effect in January just as its next mayor, who has been highly critical of the companies and the app industry, takes office. Tips to delivery workers have plummeted since some food-delivery apps switched to showing the tipping option only after a purchase had been completed; that change came after New York City established the country's first minimum pay-rate for the workers in 2023. The new laws will require the apps to suggest a minimum tip of 10 percent at checkout, though customers can contribute more or less, or nothing at all.

Two of the app companies, DoorDash and Uber, filed a joint federal lawsuit in the Southern District of New York late last week targeting the City Council legislation, arguing that the new rules violated the First Amendment by requiring them to "speak a government-mandated message" and exceeded the Council's authority. Although tipping will be optional under the law, the companies wrote in the suit that a "mandated pre-delivery 10 percent tip suggestion" would cause customers to use the app less because they were suffering from "tipping fatigue." "Lessened engagement would result in fewer orders," the suit said.

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