The Almighty Buck

The Spectacular Synapse Collapse (fortune.com) 32

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

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

Study Reveals Lab Size Impacts PhD Students' Academic Careers (nature.com) 13

PhD students trained in small research groups are more likely to remain in academia than those from larger labs, according to a comprehensive analysis published in Nature Human Behaviour.

The study, which examined 1.5 million scientists and 1.8 million mentorships across chemistry, physics and neuroscience, found that trainees from large research groups had 38-48% lower "survival rates" in academia between the 1980s and 1995 compared to their small-group counterparts.

However, researchers from larger labs who do stay in academia tend to achieve greater career success, publishing papers with higher citation rates and more frequently ranking among the most-cited scientists.

The research team, led by social-data scientist Roberta Sinatra from the University of Copenhagen, discovered that successful large-group scientists typically published more first-author papers with their mentors as last authors, suggesting they received substantial attention despite the group size.
AI

US Likely To Ban Chinese App DeepSeek From Government Devices (msn.com) 14

The White House is weighing measures to restrict Chinese artificial-intelligence upstart DeepSeek, including banning its chatbot from government devices because of national-security concerns, WSJ reported Friday, citing people familiar with the matter. From the report: U.S. officials are worried about DeepSeek's handling of user data, which the Chinese company says it stores in servers located in China, the people said. Officials also believe DeepSeek hasn't sufficiently explained how it uses the data it collects and who has access to the data, they said.

The Trump administration is likely to adopt a rule that would bar people from downloading DeepSeek's chatbot app onto U.S. government devices, the people said. Officials are also considering two other possible moves: banning the DeepSeek app from U.S. app stores and putting limits on how U.S.-based cloud service providers could offer DeepSeek's AI models to their customers, people close to the matter said. They cautioned that discussions about these two moves were still at an early stage.

Government

US Mulls Policing Social Media of Would-Be Citizens (theregister.com) 75

The U.S. Citizenship and Immigration Services (USCIS) is proposing to expand mandatory social media screening, currently required only for new arrivals, to include all non-citizens already residing in the U.S. who apply for immigration benefits. The Register reports: Back in 2019, the Department of Homeland Security, which runs USCIS, decided anyone looking to enter the US on a work visa or similar had to hand over their social media handles to the authorities so that they could be looked over for wrongdoing and subversion. In fact, this goes back to 2014, at least, to one degree or another, and has been standard procedure for years for foreigners, particularly those coming in on a visa. [...]

On January 20 this year, President Trump signed an executive order calling for much tougher vetting of foreign aliens, and in response, USCIS has proposed rules saying those already in the country who are going through some process with the agency -- such as applying for permanent residency or citizenship -- will have their social media scanned for subversion. That means if you came to America before foreigners' internet presence was screened as it now is, and you're now seeking some kind of immigration benefit, at this rate you'll be subject to the same scanning as those entering the Land of the Free today.
The proposed changes have a 60-day comment period for the public to suggest amendments. The last day to send them in is May 5.
Earth

Global Sea Ice Hit Record Low in February, Scientists Say (theguardian.com) 30

Global sea ice fell to a record low in February, scientists have said, a symptom of an atmosphere fouled by planet-heating pollutants. From a report: The combined area of ice around the north and south poles hit a new daily minimum in early February and stayed below the previous record for the rest of the month, the EU's Copernicus Climate Change Service (C3S) said on Thursday. "One of the consequences of a warmer world is melting sea ice," said the C3S deputy director, Samantha Burgess. "The record or near-record low sea ice cover at both poles has pushed global sea ice cover to an all-time minimum."

The agency found the area of sea ice hit its lowest monthly level for February in the Arctic, at 8% below average, and its fourth-lowest monthly level for February in the Antarctic, at 26% below average. Its satellite observations stretch back to the late 1970s and its historical observations to the middle of the 20th century. Scientists had already observed an extreme heat anomaly in the north pole at the start of February, which caused temperatures to soar more than 20C above average and cross the threshold for ice to melt. They described the latest broken record as "particularly worrying" because ice reflects sunlight and cools the planet. The agency found the area of sea ice hit its lowest monthly level for February in the Arctic, at 8% below average, and its fourth-lowest monthly level for February in the Antarctic, at 26% below average. Its satellite observations stretch back to the late 1970s and its historical observations to the middle of the 20th century.

United Kingdom

UK Quietly Scrubs Encryption Advice From Government Websites (techcrunch.com) 21

The U.K. government appears to have quietly scrubbed encryption advice from government web pages, just weeks after demanding backdoor access to encrypted data stored on Apple's cloud storage service, iCloud. From a report: The change was spotted by security expert Alec Muffett, who wrote in a blog post on Wednesday that the U.K.'s National Cyber Security Centre (NCSC) is no longer recommending that high-risk individuals use encryption to protect their sensitive information.

The NCSC in October published a document titled "Cybersecurity tips for barristers, solicitors & legal professionals," that advised the use of encryption tools such as Apple's Advanced Data Protection (ADP). ADP allows users to turn on end-to-end encryption for their iCloud backups, effectively making it impossible for anyone, including Apple and government authorities, to view data stored on iCloud. The URL hosting the NCSC document now redirects to a different page that makes no mention of encryption or ADP. Instead, it recommends that at-risk individuals use Apple's Lockdown Mode, an "extreme" security tool that restricts access to certain functions and features.

United States

US Communications Agency To Explore Alternatives To GPS Systems (reuters.com) 57

The FCC says it plans to vote next month to explore alternatives to GPS after national security concerns have been raised about relying on a single system crucial to modern life. From a report: "Continuing to rely so heavily on one system leaves us exposed," FCC Chair Brendan Carr said. "We need to develop redundant technologies." There have been reports of a rise in GPS interference around the world, particularly since 2023, known as spoofing raising fears of an increased risk of accidents if planes veer off-course. "Disruptions to GPS have the potential to undermine the nation's economic and national security. And the risks to our current system are only increasing," Carr said, noting President Donald Trump and a bipartisan group of lawmakers have called for action for years.
News

Denmark Postal Service To Stop Delivering Letters (bbc.com) 139

Denmark's state-run postal service, PostNord, is to end all letter deliveries at the end of 2025, citing a 90% decline in letter volumes since the start of the century. From a report: The decision brings to an end 400 years of the company's letter service. Denmark's 1,500 post boxes will start to disappear from the start of June. Transport Minister Thomas Danielsen sought to reassure Danes, saying letters would still be sent and received as "there is a free market for both letters and parcels." Postal services across Europe are grappling with the decline in letter volumes. Germany's Deutsche Post said on Thursday it was axing 8,000 jobs, in what it called a "socially responsible manner."

Deutsche Post has 187,000 employees and staff representatives said they feared more cuts were to come. Denmark had a universal postal service for 400 years until the end of 2023, but as digital mail services have taken hold, the use of letters has fallen dramatically. PostNord says it will switch its focus to parcel deliveries and that any postage stamps bought this year or in 2024 can be refunded for a limited period in 2026.

News

Ryanair Delays Move To Paperless Boarding Passes (travelweekly.co.uk) 35

Budget carrier Ryanair has delayed its move to 100% paperless boarding passes to the start of its winter schedule on November 3. From a report: Media reports had suggested that the change could come in May, ahead of the busy summer season. But the implementation will now begin at the start of the winter season in November, and means Ryanair passengers will no longer download and print a physical paper boarding pass. Instead they will use the digital boarding pass generated in their 'myRyanair' app during check-in.

Currently almost 80% of Ryanair's 200 million annual passengers already use this digital boarding pass. As a result of this initiative, Ryanair expects to eliminate almost all airport check-in fees from November, as all passengers will have checked-in online or in-app to generate their digital boarding pass. The airline said it will also reduce passengers' carbon footprint by eliminating unnecessary paper, saving more than 300 tonnes in paper waste each year.

United States

US Congressional Panel Urges Americans To Ditch China-made Routers (reuters.com) 209

A U.S. congressional committee has urged Americans to remove Chinese-made wireless routers from their homes, including those made by TP-Link, calling them a security threat that opened the door for China to hack U.S. critical infrastructure. From a report: The House of Representatives Select Committee on China has pushed the Commerce Department to investigate China's TP-Link Technology Co, which according to research firm IDC is the top seller of WiFi routers internationally by unit volume. U.S. authorities are considering a ban on the sale of the company's routers, according to media reports.

Rob Joyce, former director of cybersecurity at the National Security Agency, told Wednesday's committee hearing that TP-Link devices exposed individuals to cyber intrusion that hackers could use to gain leverage to attack critical infrastructure. "We need to all take action and replace those devices so they don't become the tools that are used in the attacks on the U.S.," Joyce said, adding that he understood the Commerce Department was considering a ban.

Open Source

China To Publish Policy To Boost RISC-V Chip Use Nationwide (reuters.com) 24

AmiMoJo writes: China plans to issue guidance to encourage the use of open-source RISC-V chips nationwide for the first time, Reuters reports, citing two sources briefed on the matter, as Beijing accelerates efforts to curb the country's dependence on Western-owned technology.

The policy guidance on boosting the use of RISC-V chips could be released as soon as this month, although the final date could change, the sources said. It is being drafted jointly by eight government bodies, including the Cyberspace Administration of China, China's Ministry of Industry and Information Technology, the Ministry of Science and Technology, and the China National Intellectual Property Administration, they added.

United States

Utah Passes First US App Store Age Verification Law (progresschamber.org) 50

Utah has become the first U.S. state to pass legislation requiring app store operators to verify users' ages and obtain parental consent for minors downloading apps.

The App Store Accountability Act adds to a wave of children's online safety bills advancing through state legislatures nationwide. Similar legislation has faced legal challenges, with many being blocked in courts. A comparable federal bill failed last year amid free expression concerns.

The approach shifts verification responsibility to mobile app stores rather than individual websites, a move supported by Meta, Snap, and X in a joint statement urging Congress to follow suit. "Parents want a one-stop shop to verify their child's age and grant permission," they stated. Critics, including Chamber of Progress, warn the law threatens privacy and constitutional rights. A federal judge previously blocked a similar Utah law over First Amendment concerns.
Earth

Half of World's CO2 Emissions Come From 36 Fossil Fuel Firms, Study Shows 184

Half of the world's climate-heating carbon emissions come from the fossil fuels produced by just 36 companies, analysis has revealed. From a report: The researchers said the 2023 data strengthened the case for holding fossil fuel companies to account for their contribution to global heating. Previous versions of the annual report have been used in legal cases against companies and investors.

The report found that the 36 major fossil fuel companies, including Saudi Aramco, Coal India, ExxonMobil, Shell and numerous Chinese companies, produced coal, oil and gas responsible for more than 20bn tonnes of CO2 emissions in 2023. If Saudi Aramco was a country, it would be the fourth biggest polluter in the world after China, the US and India, while ExxonMobil is responsible for about the same emissions as Germany, the world's ninth biggest polluter, according to the data.

Global emissions must fall by 45% by 2030 if the world is to have a good chance of limiting temperature rise to 1.5C, the internationally agreed target. However, emissions are still rising, supercharging the extreme weather that is taking lives and livelihoods across the planet. The International Energy Agency has said new fossil fuel projects started after 2021 are incompatible with reaching net zero emissions by 2050. Most of the 169 companies in the Carbon Majors database increased their emissions in 2023, which was the hottest year on record at the time.
Google

Google Urges DOJ To Reverse Course on Breaking Up Company (yahoo.com) 86

Google is urging officials at President Donald Trump's Justice Department to back away from a push to break up the search engine company, citing national security concerns, Bloomberg reported Wednesday, citing sources familiar with the discussions. From the report: Representatives for the Alphabet unit asked the government in a meeting last week to take a less aggressive stance as the US looks to end what a judge ruled to be an illegal online search monopoly, said the people, who asked not to be identified discussing the private deliberations. The Biden administration in November had called for Google to sell its Chrome web browser and make other changes to its business including an end to billions of dollars in exclusivity payments to companies including Apple.

Although Google has previously pushed back on the Biden-era plan, the recent discussions may preview aspects of the company's approach to the case as it continues under the Trump administration. A federal judge is set to rule on how Google must change its practices following hearings scheduled for next month. Both sides are due to file their final proposals to the judge on Friday.

The Internet

Cult Text-Based Zombie MMO 'Urban Dead' Is Shutting Down After 20 Years (gamesradar.com) 47

The long-running text-based zombie MMO Urban Dead is shutting down on March 14, 2025, after nearly 20 years. The reason: compliance concerns with the UK's Online Safety Act. Games Radar+ reports: "The Online Safety Act comes into force later this month, applying to all social and gaming websites where users interact, and especially those without strong age restrictions," [writes Kevan Davis, the solo British developer behind the game]. "With the possibility of heavy corporate-sized fines even for solo web projects like this one, I've reluctantly concluded that it doesn't look feasible for Urban Dead to be able to continue operating."

"So a full 19 years, 8 months and 11 days after its quarantine began, Urban Dead will be shut down," Davis writes. "No grand finale. No final catastrophe. No helicopter evac. Make your peace or your final stand in whichever part of Malton you called home, and the game will be switched off at noon UTC on 14 March."
The original website is still online if you want to play the game before its shutdown later this month.
Firefox

Firefox 136 Released With Vertical Tabs, Official ARM64 Linux Binaries (9to5linux.com) 49

An anonymous reader quotes a report from 9to5Linux: Mozilla published today the final build of the Firefox 136 open-source web browser for all supported platforms ahead of the March 4th, 2025, official release date, so it's time to take a look at the new features and changes. Highlights of Firefox 136 include official Linux binary packages for the AArch64 (ARM64) architecture, hardware video decoding for AMD GPUs on Linux systems, a new HTTPS-First behavior for upgrading page loads to HTTPS, and Smartblock Embeds for selectively unblocking certain social media embeds blocked in the ETP Strict and Private Browsing modes.

Firefox 136 is available for download for 32-bit, 64-bit, and AArch64 (ARM64) Linux systems right now from Mozilla's FTP server. As mentioned before, Mozilla plans to officially release Firefox 136 tomorrow, March 4th, 2025, when it will roll out as an OTA (Over-the-Air) update to macOS and Windows users.
Here's a list of the general features available in this release:

- Vertical Tabs Layout
- New Browser Layout Section
- PNG Copy Support
- HTTPS-First Behavior
- Smartblock Embeds
- Solo AI Link
- Expanded Data Collection & Use Settings
- Weather Forecast on New Tab Page
- Address Autofill Expansion

A full list of changes can be found here.
Youtube

YouTube Warns Creators an AI-Generated Video of Its CEO is Being Used For Phishing Scams (theverge.com) 16

An anonymous reader shares a report: YouTube is warning creators about a new phishing scam that attempts to lure victims using an AI-generated video of its CEO Neal Mohan. The fake video has been shared privately with users and claims YouTube is making changes to its monetization policy in an attempt to steal their credentials, according to an announcement on Tuesday.

"YouTube and its employees will never attempt to contact you or share information through a private video," YouTube says. "If a video is shared privately with you claiming to be from YouTube, the video is a phishing scam." In recent weeks, there have been reports floating around Reddit about scams similar to the one described by YouTube.

Encryption

Apple Launches Legal Challenge To UK 'Back Door' Order (ft.com) 23

Apple is stepping up its fight with the British government over a demand to create a "back door" in its most secure cloud storage systems, by filing a legal complaint that it hopes will overturn the order. Financial Times: The iPhone maker has made its appeal to the Investigatory Powers Tribunal, an independent judicial body that examines complaints against the UK security services, according to people familiar with the matter. The Silicon Valley company's legal challenge is believed to be the first time that provisions in the 2016 Investigatory Powers Act allowing UK authorities to break encryption have been tested before the court.

The Investigatory Powers Tribunal will consider whether the UK's notice to Apple was lawful and, if not, could order it to be quashed. The case could be heard as soon as this month, although it is unclear whether there will be any public disclosure of the hearing. The government is likely to argue the case should be restricted on national security grounds. Apple received a "technical capability notice" under the act in January.

Earth

Europe's Biggest Battery Powered Up In Scotland (zenobe.com) 49

AmiMoJo shares a report: Europe's biggest battery storage project has entered commercial operation in Scotland [alternative source], promising to soak up surplus wind power and prevent turbines being paid to switch off.

Zenobe said the first phase of its project at Blackhillock, between Inverness and Aberdeen, was now live with capacity to store enough power to supply 200 megawatts of electricity for two hours. It is due to be expanded to 300 megawatts by next year, enough to supply 3.1 million homes, more than every household in Scotland.

The government's Clean Power 2030 action plan sets a target capacity of up to 27 gigawatts of batteries by 2030, a sixfold increase from the 4.5 gigawatts installed today. This huge expansion is seen as critical as Britain builds more renewable wind and solar power, since batteries can store surplus generation for use when the wind does not blow and the sun does not shine.

Education

Researchers Find Less-Educated Areas Adopting AI Writing Tools Faster 108

An anonymous reader quotes a report from Ars Technica: Since the launch of ChatGPT in late 2022, experts have debated how widely AI language models would impact the world. A few years later, the picture is getting clear. According to new Stanford University-led research examining over 300 million text samples across multiple sectors, AI language models now assist in writing up to a quarter of professional communications across sectors. It's having a large impact, especially in less-educated parts of the United States. "Our study shows the emergence of a new reality in which firms, consumers and even international organizations substantially rely on generative AI for communications," wrote the researchers.

The researchers tracked large language model (LLM) adoption across industries from January 2022 to September 2024 using a dataset that included 687,241 consumer complaints submitted to the US Consumer Financial Protection Bureau (CFPB), 537,413 corporate press releases, 304.3 million job postings, and 15,919 United Nations press releases. By using a statistical detection system that tracked word usage patterns, the researchers found that roughly 18 percent of financial consumer complaints (including 30 percent of all complaints from Arkansas), 24 percent of corporate press releases, up to 15 percent of job postings, and 14 percent of UN press releases showed signs of AI assistance during that period of time.

The study also found that while urban areas showed higher adoption overall (18.2 percent versus 10.9 percent in rural areas), regions with lower educational attainment used AI writing tools more frequently (19.9 percent compared to 17.4 percent in higher-education areas). The researchers note that this contradicts typical technology adoption patterns where more educated populations adopt new tools fastest. "In the consumer complaint domain, the geographic and demographic patterns in LLM adoption present an intriguing departure from historical technology diffusion trends where technology adoption has generally been concentrated in urban areas, among higher-income groups, and populations with higher levels of educational attainment."
"Arkansas showed the highest adoption rate at 29.2 percent (based on 7,376 complaints), followed by Missouri at 26.9 percent (16,807 complaints) and North Dakota at 24.8 percent (1,025 complaints)," notes Ars. "In contrast, states like West Virginia (2.6 percent), Idaho (3.8 percent), and Vermont (4.8 percent) showed minimal AI writing adoption. Major population centers demonstrated moderate adoption, with California at 17.4 percent (157,056 complaints) and New York at 16.6 percent (104,862 complaints)."

The study was listed on the arXiv preprint server in mid-February.

Slashdot Top Deals