The Federal Deposit Insurance Corp. on Tuesday proposed a new rule forcing banks to keep detailed records for customers of fintech apps after the failure of tech firm Synapse resulted in thousands of Americans being locked out of their accounts. From a report: The rule, aimed at accounts opened by fintech firms that partner with banks, would make the institution maintain records of who owns it and the daily balances attributed to the owner, according to an FDIC memo. Fintech apps often lean on a practice where many customers' funds are pooled into a single large account at a bank, which relies on either the fintech or a third party to maintain ledgers of transactions and ownership.

That situation exposed customers to the risk that the nonbanks involved would keep shoddy or incomplete records, making it hard to determine who to pay out in the event of a failure. That's what happened in the Synapse collapse, which impacted more than 100,000 users of fintech apps including Yotta and Juno. Customers with funds in these "for benefit of" accounts have been unable to access their money since May.

Bruce66423 writes: Allowing flexible working and working from home creates a more productive, loyal workforce, the business secretary has said. In an interview with the Times, Jonathan Reynolds said employers "need to judge people on outcomes and not a culture of presenteeism." Labour is poised to unveil its Employment Rights Bill, which includes measures such as a right to "disconnect" outside working hours, a ban on zero-hours contracts and allowing workers to compress their contracted hours into fewer working days.

Business groups have raised concerns about the plans, warning it could push up the cost of hiring staff and have the unintended consequence of ending overtime. However, Reynolds said Labour's plans to address workers' rights should not be alarming for business leaders. Since April, workers have had the right -- introduced under the previous government -- to ask for flexible working as soon as they start a job, but firms do not have to agree.

Google's acquisition strategy in online advertising has come under scrutiny in the U.S. antitrust trial against the tech giant. Neal Mohan, YouTube CEO and former Google ad executive, defended the company's purchases of DoubleClick and Admeld, saying they were aimed at competing, not neutralizing rivals.

The Justice Department alleges Google built an impenetrable ad empire by owning key parts of the ad tech stack, stifling competition. Prosecutors pointed to internal emails discussing "parking" acquired companies, which they argue shows intent to sideline competitors. Mohan countered that "parking" meant allowing acquired firms to operate independently while integrating with Google's technology.

An anonymous reader quotes a report from Wired: Eric and Donald Trump Jr., the sons of former president Donald Trump, have pledged to "make finance great again" with a new family-run crypto endeavor called World Liberty Financial. Introduced in a meandering livestream on X Monday, the Trump family and their associates described World Liberty Financial as a crypto platform that would let users conduct transactions without a bank sitting in the middle and extracting fees -- a concept known as decentralized finance, or DeFi. While short on details, Donald Trump, Jr. and Eric Trump both stressed repeatedly that World Liberty Financial's primary goal was to make DeFi more broadly accessible. "It's truly our job to make it understandable," said Eric Trump during the livestream. "We have to make it intuitive, we have to make it user-friendly, and we will." Former President Donald Trump joined the call as well, stressing his pro-crypto stance. "I do believe in it," said Trump of cryptocurrency generally. "It has a chance to really be something special."

The Trumps aren't alone in leading World Liberty Financial. They're joined by crypto veterans Chase Herro and Zak Folkman, as well as Steve Witkoff, a real estate investor and friend of Donald Trump's. In addition to the platform itself, World Liberty Financial will come with a governance token, WLFI, which will provide owners the right to vote "on matters of the platform." Approximately 63 percent of the tokens will be sold to the public; 17 percent are set aside for user rewards, and 20 percent will be reserved for World Liberty Financial team compensation. [...] World Liberty Financial will face steep competition in a DeFi market already crowded with similar services, among them Aave, Compound, Venus Protocol, and others. "DeFi is pretty mature, especially on the over-collateralized side," says Zach Hamilton, founder of crypto startup Sarcophagus and venture partner at VC firm Venture51. But the Trumps need not necessarily do anything novel, if they can capitalize on their mammoth public platform to peddle the new venture. "[World Liberty Financial] is launching with the most free marketing that any crypto company could ever get," says Hamilton. "Trump is the king of living rent free in people's minds." "I welcome any effort to bring DeFi into the mainstream," says Brad Harrison, CEO of Venus Protocol. "But like the autopilot in a Tesla, DeFi may give the appearance of something that's simple, but the inner workings are complex. Without a solid grasp of its nuances in the hands of seasoned technologists and financial engineers, a new platform risks being more of a branding exercise than a substantive and safe contribution to the space."

Google's philanthropic arm is partially funding a new initiative that "aims to deploy more than 50 small satellites in low-Earth orbit to pinpoint flare-ups as small as a classroom anywhere in the world," reports Ars Technica. From the report: The FireSat constellation, managed by a nonprofit called Earth Fire Alliance (EFA), will be the first satellite fleet dedicated to detecting and tracking wildfires. Google announced a fresh investment of $13 million in the FireSat constellation Monday, building on the tech giant's previous contributions to support the development of custom infrared sensors for the FireSat satellites. Google's funding commitment will maintain the schedule for the launch of the first FireSat pathfinder satellite next year, EFA said. The first batch of satellites to form an operational constellation could launch in 2026.

The FireSat satellites will be built by Muon Space, a California-based satellite manufacturing startup. Each of the Muon Space-built microsatellites will have six-band multispectral infrared instruments, eyeing a swath of Earth some 900 miles (1,500 kilometers) wide, to pinpoint hotspots from wildfires. The satellites will have the sensitivity to find wildfires as small as 16 by 16 feet (5 by 5 meters). The network will use Google AI to rapidly compare observations ofany area of this size with previous imagery to determine if there is a fire, according to Google. AI will also take into account factors like nearby infrastructure and local weather in each fire assessment.

Google said it validated its detection model for smaller fires and established a baseline dataset for the AI by flying sensors over controlled burns. FireSat's partners announced the constellation in May after five years of development. The Environmental Defense Fund, the Moore Foundation, and the Minderoo Foundation also support the FireSat program. After detecting a wildfire, it's crucial for FireSat to quickly disseminate the location and size of a fire to emergency responders. With the first three satellites, the FireSat constellation will observe every point on Earth at least twice per day. "At full capability with 50+ satellites, the revisit times for most of the globe improve to 20 minutes, with the most wildfire-prone regions benefitting from sampling intervals as short as nine minutes," Muon Space said in a statement. "Today's announcement marks a significant milestone and step towards transforming the way we interact with fire," Earth Fire Alliance said in a statement. "As fires become more intense, and spread faster, we believe radical collaboration is key to driving much needed innovation in fire management and climate action."

An anonymous reader quotes a report from the New York Times: Scientists who helped pioneer artificial intelligence are warning that countries must create a global system of oversight to check the potentially grave risks posed by the fast-developing technology. The release of ChatGPT and a string of similar services that can create text and images on command have shown how A.I. is advancing in powerful ways. The race to commercialize the technology has quickly brought it from the fringes of science to smartphones, cars and classrooms, and governments from Washington to Beijing have been forced to figure out how to regulate and harness it. In a statement on Monday, a group of influential A.I. scientists raised concerns that the technology they helped build could cause serious harm. They warned that A.I. technology could, within a matter of years, overtake the capabilities of its makers and that "loss of human control or malicious use of these A.I. systems could lead to catastrophic outcomes for all of humanity."

If A.I. systems anywhere in the world were to develop these abilities today, there is no plan for how to rein them in, said Gillian Hadfield, a legal scholar and professor of computer science and government at Johns Hopkins University. "If we had some sort of catastrophe six months from now, if we do detect there are models that are starting to autonomously self-improve, who are you going to call?" Dr. Hadfield said. On Sept. 5-8, Dr. Hadfield joined scientists from around the world in Venice to talk about such a plan. It was the third meeting of the International Dialogues on A.I. Safety, organized by the Safe AI Forum, a project of a nonprofit research group in the United States called Far.AI. Governments need to know what is going on at the research labs and companies working on A.I. systems in their countries, the group said in its statement. And they need a way to communicate about potential risks that does not require companies or researchers to share proprietary information with competitors. The group proposed that countries set up A.I. safety authorities to register the A.I. systems within their borders. Those authorities would then work together to agree on a set of red lines and warning signs, such as if an A.I. system could copy itself or intentionally deceive its creators. This would all be coordinated by an international body.

Among the signatories was Yoshua Bengio, whose work is so often cited that he is called one of the godfathers of the field. There was Andrew Yao, whose course at Tsinghua University in Beijing has minted the founders of many of China's top tech companies. Geoffrey Hinton, a pioneering scientist who spent a decade at Google, participated remotely. All three are winners of the Turing Award, the equivalent of the Nobel Prize for computing. The group also included scientists from several of China's leading A.I. research institutions, some of which are state-funded and advise the government. A few former government officials joined, including Fu Ying, who had been a Chinese foreign ministry official and diplomat, and Mary Robinson, the former president of Ireland. Earlier this year, the group met in Beijing, where they briefed senior Chinese government officials on their discussion.

The U.S. government said Monday that it has issued fresh financial sanctions against five individuals and a corporate entity associated with spyware-making consortium Intellexa, months after the government sanctioned its founder. From a report: In its latest statement, the U.S. Treasury said it sanctioned the five people, including senior Intellexa executives and associates, who are alleged to be involved in the sale of Intellexa's phone spyware, dubbed Predator, to authoritarian governments. Predator can be used to hack into fully patched phones nearly invisibly, allowing the organization that deployed the spyware to obtain complete access to the target's device, including their private messages and real-time location. The Treasury said the spyware has been used to target U.S. government officials, journalists, and opposition politicians.

The sanctions include Felix Bitzios, who owns an Intellexa consortium company that the Treasury says was used to supply Predator spyware to an unnamed foreign government; Merom Harpaz and Panagiota Karaoli, who hold senior positions in Intellexa's corporate structure, according to the Treasury; and Andrea Nicola Constantino Hermes Gambazzi, who the Treasury says was involved in processing transactions for companies within Intellexa's consortium. The Treasury added that the Aliada Group, a company based in the British Virgin Islands and a member of the Intellexa group of companies, was also sanctioned for enabling tens of millions of dollars in transactions for the spyware-making consortium. A senior U.S. government official told reporters during a background call on Monday that the latest round of sanctions were part of the government's ongoing effort to target the commercial spyware industry. The U.S. official said the government was tracking money flows and movements to determine what entities might be trying to avoid or circumvent the sanctions.

An anonymous reader shared this report from DevClass: A report from developer-focused analyst Redmonk finds "there does not seem to be a clear link between moving from an open source to proprietary license and increasing the company's value."

Senior analyst Rachel Stevens studied the question of whether the companies that changed from open source to proprietary licenses have since reported better financial positions. In particular, she looked at MongoDB, which changed from AGPL (GNU Affero General Public License) to its SSPL (Server Side Public License) in 2018; Elastic Co, which changed from Apache 2 to SSPL or Elastic License in early 2021; HashiCorp, which changed from MPL (Mozilla Public License 2.0) a year ago, and Confluent, which checked from Apache 2 to its own Confluent Community License in 2018.

The report is too recent to take account of Elastic's reversion to AGPL; and the financial impact of that is of course yet to be known, though it is perhaps unlikely that the switch back would have been made if the company considered it detrimental to its finances. Rather, Elastic's latest licensing change reinforces the view that proprietary licenses are not necessarily more profitable... All the companies studied increased their revenue after their license change, Stevens said, but added that the rate of change was similar to that before the change...

MongoDB stated in 2018 that "once an open source project becomes interesting or popular, it becomes too easy for the cloud vendors to capture all the value and give nothing back to the community." Six years later, it remains the case that the large cloud vendors are highly profitable, but that these companies who changed their license are not. In February this year, Bruce Perens, creator of the 1998 Open Source Definition, described open source as "a great corporate welfare program" and not at all what he had intended...

The new Redmonk report suggests that such license manoeuvres are neither fatal nor beneficial to the finances of the companies involved — though there are so many caveats that it is impossible to draw firm conclusions.
The report's final sentence concludes that "there does not seem to be a clear link between moving from an open source to proprietary license and increasing the company's value."

It was one year ago that "an odd seismic signal appeared at scientific stations around the globe," reports the Washington Post. "A day passed, and the slow tremor still reverberated. When it continued for a third day, scientists worldwide began assembling..." Some initially thought the seismic instruments recording the signal were broken, but that was quickly nixed. Maybe it was a new volcano emerging before their eyes, others said. One jokingly ruled out an alien party. As theories were checked off, the scientists dubbed the signal an "Unidentified Seismic Object," or USO... Nine days later, the vibrations greatly dissipated. But the mystery of the USO lasted much longer.

A year later, the puzzle has been solved, according to a study published in the journal Science on Thursday. It took about 70 people from 15 different countries and more than 8,000 exchanged messages (long enough for a 900-page detective novel) to crack the case. The short answer: A mega-tsunami created waves that sloshed back and forth in a fjord in Greenland, creating vibrations that traveled around the world.
Extra heat from global warming "thinned a glacier in eastern Greenland over time so much that it could no longer support the mountain rock above it," according to the article. A mile-long avalanche "plunged into the Dickson Fjord, triggering a 650-foot-high tsunami — one of the highest seen in recent history." Like the rhythmic waves in a bathtub, "the mega-tsunami wave traveled back and forth in the inlet," which "radiated seismic waves globally, shaking the planet for nine days before it petered out."

In August a German research team had studied the megatsunami, concluding that climate change was speeding the melt of Greenland's glaciers and increasing the chance of landslide-driven megatsunamis. The article reports that an author of that study said when comparing it to this one, "The methods chosen by the teams are different, but the results agree well."

With online dating apps, "Americans have increasingly been marrying someone more like themselves," reports Bloomberg, citing new research that says this accounts for roughly half of the rise in household income inequality between 1980 and 2020: Using data from the Census Bureau's American Community Survey from 2008 to 2021, when online dating quickly became prevalent, the economists found that women became slightly more selective when choosing partners based on age, while men became slightly more selective based on education. But when the researchers compared that with data on married couples from 1960 and 1980, they found that people in the recent period increasingly went for partners with the same wage and education levels...

Overall, the predominance of online apps to find a future partner has led to a 3-percentage-point increase in the Gini coefficient — a widely used measure of income inequality, the research shows.
The reseachers were from the Federal Reserve Banks of Dallas and St. Louis, and from Haverford College, according to the article — which also includes this quote from their paper.

"We find that the increase in income inequality over the past half a century is explained to a large extent by sorting on vertical characteristics, such as income and skill, and their interaction with education."

Samba is "a free software re-implementation of the SMB networking protocol," according to Wikipedia. And now the Samba project "has secured significant funding (€688,800.00) from the German Sovereign Tech Fund to advance the project," writes Jeremy Allison — Sam (who is Slashdot reader #8,157 — and also a long standing member of Samba's core team): The investment was successfully applied for by [information security service provider] SerNet. Over the next 18 months, Samba developers from SerNet will tackle 17 key development subprojects aimed at enhancing Samba's security, scalability, and functionality.

The Sovereign Tech Fund is a German federal government funding program that supports the development, improvement, and maintenance of open digital infrastructure. Their goal is to sustainably strengthen the open source ecosystem.

The project's focus is on areas like SMB3 Transparent Failover, SMB3 UNIX extensions, SMB-Direct, Performance and modern security protocols such as SMB over QUIC. These improvements are designed to ensure that Samba remains a robust and secure solution for organizations that rely on a sovereign IT infrastructure. Development work began as early as September the 1st and is expected to be completed by the end of February 2026 for all sub-projects.

All development will be done in the open following the existing Samba development process. First gitlab CI pipelines have already been running and gitlab MRs will appear soon!
Back in 2000, Jeremy Allison answered questions from Slashdot readers about Samba.

Allison is now a board member at both the GNOME Foundation and the Software Freedom Conservancy, a distinguished engineer at Rocky Linux creator CIQ, and a long-time free software advocate.

An anonymous Slashdot reader writes: Haiku (the MIT-licensed operating system, inspired by BeOS) has released its fifth beta for Haiku R1.

Some new features include improved UI color management, improved dark mode coloring, Tracker improvements, TUN/TAP support for VPN connections, TCP throughput improvements, performance optimizations, UFS2 (BSD's filesystem) read-only support, new FAT filesystem driver, improved hardware support, improved POSIX compliance, improved performance, and more.
Slashdot has been covering the fate of the BeOS since 2000 (as well as the short-lived derivative project ZETA — and Haiku).

And now "With a history of over two decades and previously known as OpenBeOS, today's Haiku is pushing forward..." writes the site NotebookCheck: Haiku is a spiritual successor to BeOS, with a focus on a clean and user-friendly design paired with low system requirements. The minimum system requirements are still an Intel Pentium II/AMD Athlon CPU or better, at least 384 MB RAM, an 800x600 screen, and at least 3GB storage. It works on both 32-bit and 64-bit x86 PCs, and the 32-bit version can run many unmodified BeOS applications. It might be the best desktop open-source operating system not based on Linux or Unix... It works well in a virtual machine like VirtualBox or UTM.

The Washingon Post reports that a regulatory dispute in Ohio may help answer a big question about America's power grid: who will pay for the huge upgrades needed to meet soaring energy demand "from the data centers powering the modern internet and artificial intelligence revolution?" Google, Amazon, Microsoft and Meta are fighting a proposal by an Ohio power company to significantly increase the upfront energy costs they'll pay for their data centers, a move the companies dubbed "unfair" and "discriminatory" in documents filed with Ohio's Public Utility Commission last month. American Electric Power Ohio said in filings that the tariff increase was needed to prevent new infrastructure costs from being passed on to other customers such as households and businesses if the tech industry should fail to follow through on its ambitious, energy-intensive plans. The case could set a national precedent that helps determine whether and how other states force tech firms to be accountable for the costs of their growing energy consumption... The energy demands of data centers have created similar concerns in other hot spots such as Northern Virginia, Atlanta and Maricopa County, Arizona, leaving experts concerned that the U.S. power grid may not be capable of dealing with the combined needs of the green energy transition and the computing boom that artificial intelligence companies say is coming...

Energy customers must sometimes make a monthly payment to a utility that is a percentage of the maximum amount of electricity they predict that they could need. In Ohio, data center companies had agreed to pay 60 percent of the projected amount. But in May, the power company proposed a new, 10-year fee structure raising the charges to 90 percent of the expected load, even if they don't end up using that much. The major tech companies — all of whom are increasing spending on data center infrastructure to compete in AI — strenuously opposed the proposed contract in documents filed last month... According to testimony from AEP Ohio Vice President Lisa Kelso, there are 50 pending requests from data center customers seeking electric service at more than 90 sites, a potential 30,000 megawatts of additional load — enough to power more than 20 million households. That additional demand would more than triple the utility's previous peak load in 2023, she said. Between 2020 and 2024, the data center energy load in central Ohio increased sixfold, from 100 to 600 megawatts, her testimony reads. By 2030, that amount will reach 5,000 megawatts, according to the utility's signed agreements, she testified...

Meeting that demand will require AEP Ohio to build new transmission lines, an expensive and time-consuming process... Chief among the power company's concerns, according to the documents, is what will happen if it invests billions of dollars into new grid infrastructure only for the data centers to leave for greener pastures, or for the AI bubble to burst and the facilities to need much less power than initially projected. If the power company spends big on new infrastructure but the power demand it was built to serve doesn't materialize, other customers — including business and residential payers — will be stuck with the bill, the utility said... AEP Ohio's testimony in the case also questions whether data centers bring as much to local communities as factories or other high-energy-load businesses. Since 2019, non-data center businesses have created approximately 25 jobs for every megawatt of power requested, while data centers have created less than one job per megawatt, according to Kelso's testimony.

The tech companies rejected this criticism, saying the number of jobs they create is not relevant to how much power they have a right to purchase, and highlighted their other contributions to local economies... Amazon said in filings that it pays fees as high as 75 percent of projected demand in some states but that Ohio's proposal to bill it 90 percent goes too far.
"Should the Ohio tariff be approved, Microsoft and Google both threatened in their testimony to leave Ohio." (Although at the same time, "pressure on the electric grid is mounting all over the country...")

And the article points out that on Thursday, "the White House announced measures intended to speed up data center construction for AI projects, including by accelerating permitting."

23andMe has agreed to pay $30 million to settle a lawsuit over a data breach that exposed the personal information of 6.4 million customers in 2023. BleepingComputer reports: The proposed class action settlement (PDF), filed Thursday in a San Francisco federal court and awaiting judicial approval, includes cash payments for affected customers, which will be distributed within ten days of final approval. "23andMe believes the settlement is fair, adequate, and reasonable," the company said in a memorandum filed (PDF) Friday.

23andMe has also agreed to strengthen its security protocols, including protections against credential-stuffing attacks, mandatory two-factor authentication for all users, and annual cybersecurity audits. The company must also create and maintain a data breach incident response plan and stop retaining personal data for inactive or deactivated accounts. An updated Information Security Program will also be provided to all employees during annual training sessions. "23andMe denies the claims and allegations set forth in the Complaint, denies that it failed to properly protect the Personal Information of its consumers and users, and further denies the viability of Settlement Class Representatives' claims for statutory damages," the company said in the filed preliminary settlement.

"23andMe denies any wrongdoing whatsoever, and this Agreement shall in no event be construed or deemed to be evidence of or an admission or concession on the part of 23andMe with respect to any claim of any fault or liability or wrongdoing or damage whatsoever."

The Biden administration is proposing new rules to limit the "de minimis" exemption, which some Chinese e-commerce companies like Shein and Temu use to ship low-cost goods under $800 to U.S. customers without tariffs. The changes would subject certain shipments to closer inspection and tariffs, aiming to protect American consumers and businesses by ensuring a level playing field against Chinese platforms that have exploited this loophole. The Verge reports: Under the proposed rules, the US will prevent companies from claiming the de minimis exemption if their goods are covered by Section 301, Section 232, and Section 201 tariffs, which apply to products from China, steel, and aluminum, as well as washing machines and solar panels. In addition to slapping these shipments with tariffs, the rule change would subject them to closer inspection by US Customs and Border Protection.

The Biden administration said the proposal would help "protect consumers from goods that do not meet regulatory health and safety standards." Even though Shein is headquartered in Singapore, it's known for cheap fast fashion that's mainly manufactured in China. The China-based Temu sells clothes, household items, electronics, and a variety of other goods made in the country as well.

The tax agency again delays a vital software upgrade, at the cost of billions. WSJ's Editorial Board: Taxpayers endure drudgery to file on time each year, but the tax collectors seem less concerned with deadlines. A new Internal Revenue Service database, more than a decade in the making, will be delayed another year. And its cost is billions of dollars and climbing. The IRS told the press this week that it won't replace its Individual Master File until the 2026 tax year, at the earliest. That falls short of Commissioner Danny Werfel's goal of launching a new system in time for 2025 taxes, and the delay could mean another year of grief for countless taxpayers. The file is the digital silo in which more than 154 million tax files are held, and keeping it up-to-date helps to enable speedy, accurate refunds.

The code that powers the database was written in the 1960s by IBM engineers at the same time their colleagues worked on the Apollo program. The system runs on a nearly extinct computer language known as Cobol, and though it retains its basic functionality, maintaining it requires bespoke service. By 2018 the IRS had only 17 remaining developers considered to be experts on the system. The agency has sought and failed to overhaul or replace the database since the 1980s. It spent $4 billion over 14 years to devise upgrades, but it canceled that effort in 2000 "without receiving expected benefits," according to the Government Accountability Office.

The costs continue to mount. IRS spending on operating and maintaining its IT systems has risen 35% in the past four years, to $2.7 billion last year from $2 billion in 2019. These costs will "likely continue to increase until a majority of legacy systems are decommissioned," according to a report last month by the agency's inspector general. Each year major upgrades are pushed back adds a larger sum to the final tab. The IRS usually pleads poverty as an excuse for failing to stay up-to-date. Yet Congress gave the agency billions of extra dollars through the Inflation Reduction Act to fund a speedy database overhaul. Since 2022 it has spent $1.3 billion beyond its ordinary budget to modernize its business systems. Taxpayers will have to wait at least another year to see if that investment has paid off.

A U.S. District Court judge on Thursday allowed New York-based startup Kalshi to legally offer betting on the outcome of the November Congressional elections (Warning: source paywalled; alternative source), despite opposition from the Commodity Futures Trading Commission (CFTC), which plans to appeal the decision due to concerns about potential market manipulation and public trust in the electoral process. Within minutes of the ruling, people began placing bets on Kalshi's website. It's currently the only legal opportunity for Americans to bet on U.S. elections under government regulation. Fortune reports: A startup company on Thursday began taking what amounts to bets on the outcome of the November Congressional elections after a judge refused to block them from doing so. The ruling by U.S. District Court Judge Jia Cobb in Washington permitted the only legally sanctioned bets on U.S. elections by an American jurisdiction. It enabled, at least temporarily, New York-based Kalshi to offer prediction contracts -- essentially yes-or-no bets -- on which party will win control of the Senate and the House in November. The company and its lawyer did not respond to requests for comment, but within 90 minutes of the judge's ruling, the bets were being advertised on the company's web site. Earlier in the day, the website had said they were "coming soon."

It was not clear how long such betting might last; the Commodity Futures Trading Commission, which last year prohibited the company from offering them, said it would appeal the ruling as quickly as possible. Contrasting his client with foreign companies who take bets from American customers on U.S. elections without U.S. government approval, Roth said Kalshi is trying to do things the right way, under government regulation. "It invested significantly in these markets," he said during Thursday's hearing. "They spent millions of dollars. It would be perverse if all that investment went up in smoke."

But Raagnee Beri, an attorney for the commission, said allowing such bets could invite malicious activities designed to influence the outcome of elections and undermine already fragile public confidence in the voting process. "These contracts would give market participants a $100 million incentive to influence the market on the election," she said. "There is a very severe public interest threat." She used the analogy of someone who has taken an investment position in corn commodities. "Somebody puts out misinformation about a drought, that a drought is coming," she said. "That could move the market on the price of corn. The same thing could happen here. The commission is not required to suffer the flood before building a dam."

An anonymous reader quotes a report from CNN: Employees' negative daily emotions and lack of well-being can ultimately hurt worker engagement -- and the economy, according to a new report released this week. Gallup, in its "State of the Global Workplace," estimates that low employee engagement costs the global economy $8.9 trillion, or 9% of global GDP. The report includes findings from its latest annual World Poll, which surveyed 128,278 employees in more than 140 countries last year. That poll found that roughly 20% of workers globally reported feeling lonely, angry or sad on a daily basis. And 41% on average say they feel stress. Those most likely to say they feel lonely were younger workers (22%), employees who worked remotely full-time (25%) and those who felt most disengaged on the job (31%).

While work isn't always the cause of a person's negative daily emotions, employers should still be concerned. That's because work can either improve or worsen employees' well-being. On the one hand, the Gallup report noted, "when employees find their work and work relationships meaningful, employment is associated with high levels of daily enjoyment and low levels of all negative daily emotions. Notably, half of employees who are engaged at work are thriving in life overall." On the other, researchers found that being disengaged at work can negatively affect a person's wellbeing as much as -- or more than -- not having a job at all. "Employees who dislike their jobs tend to have high levels of daily stress and worry, as well as elevated levels of all other negative emotions," they wrote. "On many wellbeing items (stress, anger, worry, loneliness), being actively disengaged at work is equivalent to or worse than being unemployed."

The poll found that last year only 23% of employees were engaged at work, unchanged from the year prior. Gallup defines an engaged employee as someone "highly involved in and enthusiastic about their work and workplace. They are psychological 'owners,' drive performance and innovation, and move the organization forward." But those who said they were not engaged rose by 3 percentage points to 62%. These are employees characterized as "psychologically unattached to their work and company. Because their engagement needs are not being fully met, they are putting time but not energy or passion into their work."

An anonymous reader quotes a report from Wired, written by Guthrie Scrimgeour: It always seemed difficult for the newspaper where I used to work, The Garden Island on the rural Hawaiian island of Kauai, to hire reporters. If someone left, it could take months before we hired a replacement, if we ever did. So, last Thursday, I was happy to see that the paper appeared to have hired two new journalists -- even if they seemed a little off. In a spacious studio overlooking a tropical beach, James, a middle-aged Asian man who appears to be unable to blink, and Rose, a younger redhead who struggles to pronounce words like "Hanalei" and "TV," presented their first news broadcast, over pulsing music that reminds me of the Challengers score. There is something deeply off-putting about their performance: James' hands can't stop vibrating. Rose's mouth doesn't always line up with the words she's saying.

When James asks Rose about the implications of a strike on local hotels, Rose just lists hotels where the strike is taking place. A story on apartment fires "serves as a reminder of the importance of fire safety measures," James says, without naming any of them. James and Rose are, you may have noticed, not human reporters. They are AI avatars crafted by an Israeli company named Caledo, which hopes to bring this tech to hundreds of local newspapers in the coming year. "Just watching someone read an article is boring," says Dina Shatner, who cofounded Caledo with her husband Moti in 2023. "But watching people talking about a subject -- this is engaging."

The Caledo platform can analyze several prewritten news articles and turn them into a "live broadcast" featuring conversation between AI hosts like James and Rose, Shatner says. While other companies, like Channel 1 in Los Angeles, have begun using AI avatars to read out prewritten articles, this claims to be the first platform that lets the hosts riff with one another. The idea is that the tech can give small local newsrooms the opportunity to create live broadcasts that they otherwise couldn't. This can open up embedded advertising opportunities and draw in new customers, especially among younger people who are more likely to watch videos than read articles. Reception of the AI avatars has been poor, notes Scrimgeour. "This ain't that,â says one Instagram commenter. "Keep journalism local." Another just reads: "Nightmares."

There's also concern around the jobs these avatars will take. "Caledo claims its AI won't take news jobs because it only does work that isn't being done otherwise," notes Scrimgeour, agreeing that his newspaper company never had a video broadcast while he worked there.

"The question is, will local audiences buy into the new tech? Early returns suggest that Kauai viewers, at least, might have trouble accepting James and Rose as kama'aina (locals)..."

A new survey released on Tuesday found that Americans used over 100 trillion megabytes of wireless data last year -- a 36% increase from the previous year and the largest single-year increase in the history of wireless data consumption. Reuters reports: The increase -- 26 trillion MBs over 2022 -- comes as a growing number of 5G wireless devices are being used, said wireless industry association CTIA that represents major wireless carriers like Verizon, AT&T, T-Mobile, and technology firms. The total number of wireless connections rose to 558 million last year, up 6% over 2022, the survey found.

Demand for spectrum use is soaring, driven in part by more wireless use in advancements including drones, self-driving vehicles, space missions and precision agriculture. The survey said the number of minutes Americans spent talking on the phone fell slightly from 2.5 trillion in 2022 to 2.4 trillion in 2023 and text messages were about the same at 2.1 trillion in 2023 over the prior year.