Last week America's energy secretary cheered the startup of a fourth nuclear reactor at a Georgia power plant, calling it "the largest producer of clean energy, and the largest producer of electricity in the United States" after a third reactor was started up there in December.

From the U.S. Energy Department's transcript of the speech: Each year, Units 3 and 4 are going to produce enough clean power to power 1 million homes and businesses, enough energy to power roughly 1 in 4 homes in Georgia. Preventing 10 million metric tons of carbon dioxide pollution annually. That, by the way, is like planting more than 165 million trees every year!

And that's not to mention the historic investments that [electric utility] Southern has made on the safety front, to ensure this facility meets — and exceeds — the highest operating standards in the world....

To reach our goal of net zero by 2050, we have to at least triple our current nuclear capacity in this country. That means we've got to add 200 more gigawatts by 2050. Okay, two down, 198 to go! In building [Unit] 4, we've solved our greatest design challenges. We've stood up entire supply chains.... And so it's time to cash in on our investments by building more. More of these facilities. The Department of Energy's Loan Programs Office stands ready to help, with hundreds of billions of dollars in what we call Title 17 loans... Since the President signed the Inflation Reduction Act and the Bipartisan Infrastructure Law, companies across the nation have announced 29 new or expanded nuclear facilities — across 16 states — representing about 1,600 potential new jobs. And the majority of those projects will expand the domestic uranium production and fuel fabrication, strengthening these critical supply chains...

Bottom line is, in short, we are determined to build a world-class nuclear industry in the United States, and we're putting our money where our mouth is.
America's Energy Secretary told the Washington Post that "Whether it happens through small modular reactors, or AP1000s, or maybe another design out there worthy of consideration, we want to see nuclear built." The Post notes the Energy department gave a $1.5 billion loan to restart a Michigan power plant which was decommissioned in 2022. "It would mark the first time a shuttered U.S. nuclear plant has been reactivated."

"But in this country with 54 nuclear plants across 28 states, restarting existing reactors and delaying their closure is a lot less complicated than building new ones." When the final [Georgia] reactor went online at the end of April, the expansion was seven years behind schedule and nearly $20 billion over budget. It ultimately cost more than twice as much as promised, with ratepayers footing much of the bill through surcharges and rate hikes...

Administration officials say the country has no choice but to make nuclear power a workable option again. The country is fast running short on electricity, demand for power is surging amid a boom in construction of data centers and manufacturing plants, and a neglected power grid is struggling to accommodate enough new wind and solar power to meet the nation's needs...

As the administration frames the narrative of the plant as one of perseverance and innovation that clears a path for restoring U.S. nuclear energy dominance, even some longtime boosters of the industry question whether this country will ever again have a vibrant nuclear energy sector. "It is hard for me to envision state energy regulators signing off on another one of these, given how badly the last ones went," said Matt Bowen, a nuclear scholar at the Center on Global Energy Policy at Columbia University, who was an adviser on nuclear energy issues in the Obama administration.
The article notes there are 19 AP1000 reactors (the design used at the Georgia plant) in development around the world. "None of them are being built in the United States."

Long-time Slashdot reader theodp writes: "Great news, Louisiana!" tech-backed Code.org exclaimed Wednesday in celebratory LinkedIn, Facebook, and Twitter posts. Louisiana is "officially the 10th state to make computer science a [high school] graduation requirement. Huge thanks to Governor Jeff Landry for signing the bill and to our legislative champions, Rep. Jason Hughes and Sen. Thomas Pressly, for making it happen! This means every Louisiana student gets a chance to learn coding and other tech skills that are super important these days. These skills can help them solve problems, think critically, and open doors to awesome careers!"

Representative Hughes, the sponsor of HB264 — which calls for each public high school student to successfully complete a one credit CS course as a requirement for graduation and also permits students to take two units of CS instead of studying a Foreign Language — tweeted back: "HUGE thanks @codeorg for their partnership in this effort every step of the way! Couldn't have done it without [Code.org Senior Director of State Government Affairs] Anthony [Owen] and the Code.org team!"

Code.org also on Wednesday announced the release of its 2023 Impact Report, which touted its efforts "to include a requirement for every student to take computer science to receive a high school diploma." Since its 2013 launch, Code.org reports it's spent $219.8 million to push coding into K-12 classrooms, including $19 million on Government Affairs (Achievements: "Policies changed in 50 states. More than $343M in state budgets allocated to computer science.").

In Code.org by the Numbers, the nonprofit boasts that 254,683 students started Code.org's AP CS Principles course in the academic year (2025 Goal: 400K), while 21,425 have started Code.org's new Amazon-bankrolled AP CS A course. Estimates peg U.S. public high school enrollment at 15.5M students, annual K-12 public school spending at $16,080 per pupil, and an annual high school student course load at 6-8 credits...

An anonymous reader shared this report from the Washington Post: A YouTuber who posted a Fourth of July video in which passengers on a low-flying helicopter shot fireworks at a speeding Lamborghini is facing a federal charge tied to the stunt.

Suk Min Choi, 24, who runs a YouTube channel under the name Alex Choi, was charged Thursday with causing the placement of an explosive or incendiary device on an aircraft, the Justice Department announced. He arranged to have the helicopter fly over the El Mirage Dry Lakebed near Los Angeles in June 2023 for a video titled "Destroying a Lamborghini With Fireworks," according to a complaint filed in the Central District Court of California. The video, released on July 4, shows scenes akin to an action film as Choi laughs while driving the Lamborghini and helicopter-launched fireworks ricochet off the car, enveloping it in sparks...

Choi faces up to 10 years in prison if convicted, according to the Justice Department.
More details from NBC Los Angeles: Federal authorities said radar data from the day of the video shoot showed that the helicopter left an airport in Pacoima, California, around 1:53 p.m. and turned toward El Mirage Lake, a dry lake in California, where the video was filmed. The helicopter's transponder was then turned off, according to the affidavit. The helicopter reappeared on the radar and flew back to the airport just before 9 p.m., the document says.

The pilot initially told an FAA inspector that he did not know anything about the El Mirage video, according to the affidavit. In a follow-up call, he told inspectors that he did not want Choi to know he was speaking with them and said "Choi was doing unsafe activities involving cars and aircraft." In January, the FAA issued an emergency order revoking the pilot's private pilot certification, the affidavit says.

America "is now adding less wind capacity each year" than it was before the passage of a climate-protecting bill in 2022, according to the New York Times.

Since then "solar panel installations are indeed soaring to record highs in the U.S., as are batteries that can store energy for later. But wind power has struggled, both on land and in the ocean." Some factors behind the wind industry's recent slowdown may be temporary, such as snarled supply chains. But wind power is also more vulnerable than solar power to many of the biggest logistical hurdles that hinder energy projects today: a lack of transmission lines, a lengthy permitting process and a growing backlash against new projects in many communities... [M]any areas are now crowded with turbines and existing electric grids are clogged, making it difficult to add more projects. Energy companies want to expand the grid's capacity to transport even more wind power to population centers, but getting permits for transmission lines and building them has become a brutal slog that can take more than a decade... Because they can reach the height of skyscrapers, wind turbines are more noticeable than solar farms and often attract more intense opposition from local communities.

The wind industry has also been hampered by soaring equipment costs after the pandemic wrecked supply chains and inflation spiked. While those factors initially hurt solar, too, the solar industry has adjusted much faster, with China nearly doubling its manufacturing capacity for panels over the past two years. Wind supply chains, which are dominated by a few manufacturers in China, Europe and the United States, have yet to fully recover. The cost increases have been devastating for offshore wind projects in the Northeast, where developers have canceled more than half the projects they planned to build this decade. Wind isn't languishing only in the United States. While a record 117 gigawatts of new wind capacity came online last year globally, virtually all of that growth was in China. In the rest of the world, developers weren't installing wind turbines any faster than they were in 2020...

It's still possible that wind power could rebound. In fact, some experts argue that the recent slowdown is only a temporary artifact of tax policy... [John Hensley, vice president for markets and policy analysis at the American Clean Power Association, a renewable industry trade group] said that U.S. wind manufacturing was beginning to ramp up thanks to new tax incentives, while costs were starting to come down. Last year, orders for new turbines increased by 130%, although many of them won't be delivered until 2025 or later. Some states are now trying to make it easier to build renewable energy: Illinois, Michigan and Minnesota have all passed laws making it harder for local governments to restrict wind and solar. The federal government has issued new rules to accelerate the planning of transmission lines.

Demand for wind could also rise as a growing number of states, tech companies and hydrogen producers are trying to secure clean electricity around the clock, rather than just a burst of solar power in the daytime.
Many plans for moving America off fossil fuels "envision a large expansion of both solar and wind," the article points out, "because the two sources generate electricity at different hours and can complement each other. A boom in solar power alone, which runs only in daytime, isn't enough."

Carbon dioxide levels in Earth's atmosphere are accumulating "faster than ever" and have reached unprecedented levels, with a peak of 426.9 ppm recorded at NOAA's Mauna Loa Observatory in May 2024, said scientists from NOAA, the Scripps Institution of Oceanography and the University of California San Diego. CBS News reports: "Over the past year, we've experienced the hottest year on record, the hottest ocean temperatures on record, and a seemingly endless string of heat waves, droughts, floods, wildfires and storms," NOAA Administrator Rick Spinrad said in a press release. "Now we are finding that atmospheric CO2 levels are increasing faster than ever." The researchers measured carbon dioxide, or CO2, levels at the Mauna Loa Atmospheric Baseline Observatory. They found that atmospheric levels of the gas hit a seasonal peak of just under 427 parts per million in May -- an increase of 2.9 ppm since May 2023 and the fifth-largest annual growth in 50 years of data recording.

It also made official that the past two years saw the largest jump in the May peak -- when CO2 levels are at their highest in the Northern Hemisphere. John Miller, a NOAA carbon cycle scientist, said that the jump likely stems from the continuous rampant burning of fossil fuels as well as El Nino conditions making the planet's ability to absorb CO2 more difficult. The surge of carbon dioxide levels at the measuring station surpassed even the global average set last year, which was a record high of 419.3 ppm -- 50% higher than it was before the Industrial Revolution. However, NOAA noted that their observations were taken at the observatory specifically, and do not "capture the changes of CO2 across the globe," although global measurements have proven consistent without those at Mauna Loa. "Not only is CO2 now at the highest level in millions of years, it is also rising faster than ever," Ralph Keeling, director of Scripps' CO2 program, said in the release. "Each year achieves a higher maximum due to fossil-fuel burning, which releases pollution in the form of carbon dioxide into the atmosphere. Fossil fuel pollution just keeps building up, much like trash in a landfill."

"We are living in unprecedented times. ... This string of hottest months will be remembered as comparatively cold," Carlo Buontempo, director of Copernicus, added.

Yelp can pursue a lawsuit accusing a reputation management company of fraudulently advertising its ability to remove "bad" reviews from the business review website. From a report: In a decision late Thursday night, U.S. District Judge William Alsup in San Francisco said Yelp can pursue trademark infringement and unfair competition claims against ReviewVio, which operates as Dandy. Yelp said ReviewVio's ads, which include the Yelp logo, harmed its reputation by suggesting that businesses could pay for artificially inflated star ratings.

This allegedly undercut honest businesses that will not pay to remove negative reviews, and undermined the usefulness of Yelp's website to consumers. Yelp also said it lost ad revenue from businesses that paid for "review gating," which the company prohibits, or incorrectly believed that Yelp endorsed the practice.

Canonical, the company behind Ubuntu, has released Ubuntu Core 24, a version of its operating system designed for edge devices and the Internet of Things (IoT). The new release comes with a 12-year Long Term Support commitment and features that enable secure, reliable, and efficient deployment of intelligent devices.

Ubuntu Core 24 introduces validation sets for custom image creation, offline remodelling for air-gapped environments, and new integrations for GPU operations and graphics support. It also offers device management integrations with Landscape and Microsoft Azure IoT Edge. The release is expected to benefit various industries, including automation, healthcare, and robotics, Canonical said.

A 27-year old Tamagotchi mystery was solved this week when a collector figured out how to unlock secret characters on the Mothra Tamagotchi, released in Japan in 1997. From a report: A Discord user named rhubarb_pie found out how to unlock the "Moll & Lora" twins as playable characters, which were previously seen in the handheld pet-raising-simulator as medical nurses who healed your character when it was sick. The Tamagotchi Wiki states they had previously been obtained through a "battery glitch," but rhubarb_pie figured out how to unlock them as playable characters through the normal course of gaming.

As a reminder, Tamagotchis are virtual pets made by Bandai and introduced in 1996 that were incredibly popular at the time and inspired a ton of clones. There have been many different versions of Tamagotchi since its original release, which included the Mothra Tamagotchi, which was tied to the Japanese release of the movie Rebirth of Mothra II. Mothra is a giant flying moth that exists in the Godzilla cinematic universe. There is an entire community of Tamagotchi collectors, enthusiasts, and reverse engineers, and for several decades players had wondered whether Moll & Lora could be unlocked as playable characters on the Mothra Tamagotchi. "After years of debate whether this was even possible, I have proven that, in fact, you can raise the Twin characters Moll & Lora on the Mothra," rhubarb_pie wrote in a lengthy guide to unlocking the characters posted on Discord Wednesday. "The ROM for the Mothra was dumped about a month ago and I figured out how everything worked by studying the code."

The European Union's Copernicus Climate Change Service reported that the past year saw record-breaking heat, with global temperatures surpassing all historical measurements. According to Copernicus, May marked the 12th consecutive month of record-high global temperatures, and exceeded a key Paris Agreement temperature target. The Week reports: The stretch is a "stark warning." In a separate study published Wednesday, a group of 57 scientists found that human activity was responsible for 92% of 2023's warming, which increased at a rate "unprecedented in the instrumental record."

While averting catastrophe is "still just about possible," the decisions made by global leaders "especially in the next 18 months" will determine whether the planet can be saved, U.N. Secretary General Antonio Guterres said in a special address. "We need an exit ramp off the highway to climate hell."

Without serious efforts to reverse global warming, "this string of hottest months will be remembered as comparatively cold," Copernicus Director Carlo Buontempo said. "The 11 months in a row that tied or broke the 1.5C barrier did not yet constitute a breaching of the Paris target, since the benchmark refers to a timescale of multiple decades," notes Axios. "Still, the fact that the climate is now exceeding the target with greater regularity, and is projected to continue doing so, is a sign of the matter's urgency."

An anonymous reader quotes a report from the New York Times: In a blow to publishers and authors, Costco plans to stop selling books regularly at stores around the United States, four publishing executives who had been informed of the warehouse retailer's plans said on Wednesday. Beginning in January 2025, the company will stop stocking books regularly, and will instead sell them only during the holiday shopping period, from September through December. During the rest of the year, some books may be sold at Costco stores from time to time, but not in a consistent manner, according to the executives, who spoke anonymously in order to discuss a confidential business matter that has not yet been publicly announced.

Costco's shift away from books came largely because of the labor required to stock books, the executives said. Copies have to be laid out by hand, rather than just rolled out on a pallet as other products often are at Costco. The constant turnaround of books -- new ones come out every Tuesday and the ones that have not sold need to be returned -- also created more work. The decision could be a significant setback for publishers at a moment when the industry is facing stagnant print sales and publishing houses are struggling to find ways to reach customers who have migrated online. Costco had already stopped selling books in some markets, including Alaska and Hawaii. While Costco may not be as critical of an outlet as a bookstore like Barnes & Noble, its influence is also evident in the large quantities it orders. When Costco chose to carry a book, "it often went big, ordering tens of thousands of copies at a minimum," says the report. "For major blockbusters, they might stock hundreds of thousands of copies of a single title."

"The change may also impact Costco customers, particularly those who live in areas without a bookstore. And because many books at Costco were impulse buys, some of those sales may not shift over to Amazon or Barnes & Noble. Instead, they might not happen at all."

Online marketplace behemoth eBay said it plans to no longer accept American Express, citing what the company says are "unacceptably high fees." CNBC: It's a notable blow to American Express, whose customers are often the most attractive among merchants and spend the most money per month on their cards. But it's not the first time merchants have voiced opposition to AmEx's business practices by walking away, most notably the warehouse chain Costco nearly a decade ago.

[...] Overland said that eBay customers have become aware of new ways to pay for items, making payments more competitive than ever before, and AmEx was no longer a necessary partner for eBay. eBay has increasingly been offering customers buy now, pay later options on purchases through Apple Pay, PayPal and other companies like Klarna and Affirm as well.

Longtime Slashdot reader MattSparkes shares a report from NewScientist: Quantum computing experts are baffled by the UK government's new export restrictions on the exotic devices (source paywalled), saying they make little sense. [The UK government has set limits on the capabilities of quantum computers that can be exported -- starting with those above 34 qubits, and rising as long as error rates are also higher -- and has declined to explain these limits on the grounds of national security.] The legislation applies to both existing, small quantum computers that are of no practical use and larger computers that don't actually exist, so cannot be exported. Instead, there are fears the limits will restrict sales and add bureaucracy to a new and growing sector. For more context, here's an excerpt from an article published by The Telegraph in March: The technology has been added to a list of "dual use" items that could have military uses maintained by the Export Control Joint Unit, which scrutinizes sales of sensitive goods. A national quantum computer strategy published last year described the technology as being "critically important" for defense and national security and said the UK was in a "global race" to develop it. [...] The changes have been introduced as part of a broader update to export rules agreed by Western allies including the US and major European countries. Several nations with particular expertise on quantum computer technologies have added specific curbs, including France which introduced rules at the start of this month.

Last year, industry body Quantum UK said British companies were concerned about the prospect of further export controls, and that they could even put off US companies seeking to relocate to the UK. Quantum computer exports only previously required licenses in specific cases, such as when they were likely to lead to military use. Oxford Instruments, which makes cooling systems for quantum computers, said last year that sales in China had been hit by increasing curbs. James Lindop of law firm Eversheds Sutherland said: "Semiconductor and quantum technologies -- two areas in which the UK already holds a world-leading position -- are increasingly perceived to be highly strategic and critical to UK national security. This will undoubtedly create an additional compliance burden for businesses active in the development and production of the targeted technologies."

When buying a new smartphone, it's important to consider the duration of software updates, as it impacts security and longevity. In a rare public commitment on Monday, thanks to the UK's new Product Security and Telecommunications Infrastructure (PSTI) regulations, Apple said it guarantees a minimum of five years of security updates for the iPhone 15 Pro Max. "In other words, the iPhone 15 is officially guaranteed to receive security updates until September 22, 2028," reports Android Authority. From the report: This, as VP of Engineering for Android Security & Privacy at Google Dave Kleidermacher points out, means that Apple is no longer offering the best security update policy in the industry. Both Samsung and Google guarantee seven years of not just security updates but also Android OS updates for their respective flagship devices, which is two years longer than what Apple guarantees.

To Apple's credit, though, it has long provided more than five years of security updates for its various iPhone devices. Some iPhones have received security updates six or more years after the initial release, which is far more support than the vast majority of Android devices receive. So, while Samsung and Google currently beat Apple in terms of how long they're guaranteeing software support, that doesn't mean iPhone users can't keep their phones for just as long, if not longer. They'll just need to hope Apple doesn't cut off support after the five-year minimum.

Fans have noticed that, over the last few months, Sony quietly removed any mention of 8K on the PlayStation 5 boxes. "I have been endlessly bitching since the PS5 released about that 8k Badge," writes X user @DeathlyPrice. "It is false Advertising and Sony should be sued for it." Others shared their grievances via PlayStation Lifestyle and a Reddit thread. GameSpot reports: A FAQ on Sony's official site in 2020 stated that "PS5 is compatible with 8K displays at launch, and after a future system software update will be able to output resolutions up to 8K when content is available, with supported software." But to date, the only game that offers 8K resolution on PS5 is The Touryst, which looks more like Minecraft than a game with advanced visuals.

The reality is that 8K has not been widely adopted by video game developers, or even by filmmakers at this point. There are 8K televisions on the market, but it may be quite some time, if ever, before it becomes the standard for either gaming or entertainment.

Japan's birth rate fell to a new low for the eighth straight year in 2023, according to Health Ministry data released on Wednesday. A government official described the situation as critical and urged authorities to do everything they can to reverse the trend. From a report: The data underscores Japan's long-standing issues of a rapidly aging and shrinking population, which has serious implications for the country's economy and national security -- especially against the backdrop of China's increasingly assertive presence in the region.

According to the latest statistics, Japan's fertility rate -- the average number of babies a woman is expected to have in her lifetime -- stood at 1.2 last year. The 727,277 babies born in Japan in 2023 were down 5.6% from the previous year, the ministry said -- the lowest since Japan started compiling the statistics in 1899. Separately, the data shows that the number of marriages fell by 6% to 474,717 last year, something authorities say is a key reason for the declining birth rate. In the predominantly traditional Japanese society, out-of-wedlock births are rare as people prize family values.

The U.S. Justice Department and the Federal Trade Commission have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that Microsoft, OpenAI and Nvidia play in the artificial intelligence industry, Reuters reported Thursday, citing a source familiar with the matter. From the report: Under the deal, the U.S. Department of Justice will take the lead in investigating whether Nvidia violated antitrust laws, while the FTC will examine the conduct of OpenAI and Microsoft. While OpenAI's parent is a nonprofit, Microsoft has invested $13 billion in a for-profit subsidiary, for what would be a 49% stake. The Microsoft-OpenAI partnership is also under informal scrutiny in other regions.

The regulators struck the deal over the past week and it is expected to be completed in the coming days, the person said. The FTC is also looking into Microsoft's $650 million deal with AI startup Inflection AI, a person familiar with the matter said.

An anonymous reader shared a report: Amazon has agreed to acquire key assets of Indian video streaming service MX Player from the local media powerhouse Times Internet, the latest step by the e-commerce giant to make its services and brand popular in smaller cities and towns in the key overseas market.

[...] Times Internet acquired MX Player in 2018 for $140 million. The app, which originated in South Korea, gained immense popularity in India due to its unique local video playback feature. This functionality allows the app to support a wide range of video file formats, making it highly compatible with affordable Android smartphones that are prevalent in developing markets.

An anonymous reader quotes a report from Reuters: Google parent Alphabet must face a lawsuit worth up to $17.4 billion for allegedly abusing its dominance in the online advertising market, London's Competition Appeal Tribunal (CAT) ruled on Wednesday. The lawsuit, which seeks damages on behalf of publishers of websites and apps based in the United Kingdom, is the latest case to focus on the search giant's business practices. Ad Tech Collective Action is bringing the claim on behalf of publishers who say they have suffered losses due to Google's allegedly anti-competitive behavior.

Google last month urged the CAT to block the case, which it argued was incoherent. The company "strongly rejects the underlying allegations", its lawyers said in court documents. The CAT said in a written ruling that it would certify the case to proceed towards a trial, which is unlikely to take place before the end of 2025. The tribunal also emphasized the test for certifying a case under the UK's collective proceedings regime -- which is roughly equivalent to the United States' class action regime -- is relatively low. "Google works constructively with publishers across the UK and Europe," Google legal director Oliver Bethell said in a statement. Bethell added: "This lawsuit is speculative and opportunistic. We'll oppose it vigorously and on the facts."

An anonymous reader quotes a report from Reuters: Last Christmas Eve, NewsBreak, a free app with roots in China that is the most downloaded news app in the United States, published an alarming piece about a small town shooting. It was headlined "Christmas Day Tragedy Strikes Bridgeton, New Jersey Amid Rising Gun Violence in Small Towns." The problem was, no such shooting took place. The Bridgeton, New Jersey police department posted a statement on Facebook on December 27 dismissing the article -- produced using AI technology -- as "entirely false." "Nothing even similar to this story occurred on or around Christmas, or even in recent memory for the area they described," the post said. "It seems this 'news' outlet's AI writes fiction they have no problem publishing to readers." NewsBreak, which is headquartered in Mountain View, California and has offices in Beijing and Shanghai, told Reuters it removed the article on December 28, four days after publication.

The company said "the inaccurate information originated from the content source," and provided a link to the website, adding: "When NewsBreak identifies any inaccurate content or any violation of our community standards, we take prompt action to remove that content." As local news outlets across America have shuttered in recent years, NewsBreak has filled the void. Billing itself as "the go-to source for all things local," Newsbreak says it has over 50 million monthly users. It publishes licensed content from major media outlets, including Reuters, Fox, AP and CNN as well as some information obtained by scraping the internet for local news or press releases which it rewrites with the help of AI. It is only available in the U.S. But in at least 40 instances since 2021, the app's use of AI tools affected the communities it strives to serve, with Newsbreak publishing erroneous stories; creating 10 stories from local news sites under fictitious bylines; and lifting content from its competitors, according to a Reuters review of previously unreported court documents related to copyright infringement, cease-and-desist emails and a 2022 company memo registering concerns about "AI-generated stories." Five of the seven former NewsBreak employees Reuters spoke to said most of the engineering work behind the app's algorithm is carried out in its China-based offices. "The company launched in the U.S. in 2015 as a subsidiary of Yidian, a Chinese news aggregation app," notes Reuters. "Both companies were founded by Jeff Zheng, the CEO of Newsbreak, and the companies share a U.S. patent registered in 2015 for an 'Interest Engine' algorithm, which recommends news content based on a user's interests and location."

"NewsBreak is a privately held start-up, whose primary backers are private equity firms San Francisco-based Francisco Partners, and Beijing-based IDG Capital."

Cailey Gleeson reports via Forbes: A group backed by more than two dozen investors -- including Citadel Securities and BlackRock -- is planning to start its own stock exchange in Texas, it said Wednesday, in an attempt to compete with the New York Stock Exchange and Nasdaq. The Texas Stock Exchange (TXSE) -- owned by TXSE Group Inc. and founded in 2023, per its LinkedIn -- will be a "fully electronic national securities exchange" that seeks to expand access to markets for all investors and those seeking access to public capital, according to Wednesday's press release.

The TXSE aims to have primary listings, dual listings and exchange-traded products, according to The Wall Street Journal, which first reported the news. The stock exchange has raised $120 million in capital and plans to register with the Securities and Exchange Commission later this year, according to the press release, while it will also have a physical headquarters in Dallas, and the company will employ about 100 people, The Dallas Morning News reported. It plans to start facilitating trades in 2025 and host its first listing the following year, multiple outlets reported. The Wall Street Journal notes that past attempts at regional stock exchanges have failed, such as the Chicago Stock Exchange and Philadelphia Stock Exchange -- both of which combined with the NYSE and Nasdaq.

"The NYSE considered relocating its electronic trading systems to the Dallas-Fort Worth area in late 2020, amid a proposed financial transaction tax on stocks in New York," adds Forbes. "But the move did not go through, nor the proposed tax,."