"Technology companies spent part of the 2010s trying to convince us that we would want an 8K display one day..." writes Ars Technica.

"However, 8K never proved its necessity or practicality." LG Display is no longer making 8K LCD or OLED panels, FlatpanelsHD reported today... LG Electronics was the first and only company to sell 8K OLED TVs, starting with the 88-inch Z9 in 2019. In 2022, it lowered the price-of-entry for an 8K OLED TV by $7,000 by charging $13,000 for a 76.7-inch TV. FlatpanelsHD cited anonymous sources who said that LG Electronics would no longer restock the 2024 QNED99T, which is the last LCD 8K TV that it released.

LG's 8K abandonment follows other brands distancing themselves from 8K. TCL, which released its last 8K TV in 2021, said in 2023 that it wasn't making more 8K TVs due to low demand. Sony discontinued its last 8K TVs in April and is unlikely to return to the market, as it plans to sell the majority ownership of its Bravia TVs to TCL.

The tech industry tried to convince people that the 8K living room was coming soon. But since the 2010s, people have mostly adopted 4K. In September 2024, research firm Omdia reported that there were "nearly 1 billion 4K TVs currently in use." In comparison, 1.6 million 8K TVs had been sold since 2015, Paul Gray, Omdia's TV and video technology analyst, said, noting that 8K TV sales peaked in 2022. That helps explain why membership at the 8K Association, launched by stakeholders Samsung, TCL, Hisense, and panel maker AU Optronics in 2019, is dwindling. As of this writing, the group's membership page lists 16 companies, including just two TV manufacturers (Samsung and Panasonic). Membership no longer includes any major TV panel suppliers. At the end of 2022, the 8K Association had 33 members, per an archived version of the nonprofit's online membership page via the Internet Archive's Wayback Machine.
"It wasn't hard to predict that 8K TVs wouldn't take off," the article concludes. "In addition to being too expensive for many households, there's been virtually zero native 8K content available to make investing in an 8K display worthwhile..."

Trend Micro's Zero Day Initiative sponsored its third annual Pwn2Own Automotive competition in Tokyo this week, receiving 73 entries, the most ever for a Pwn2Own event.

"Under Pwn2Own rules, all disclosed vulnerabilities are reported to affected vendors through ZDI," reports Help Net Security, "with public disclosure delayed to allow time for patches." Infotainment platforms from Tesla, Sony, and Alpine were among the systems compromised during demonstrations. Researchers achieved code execution using techniques that included buffer overflows, information leaks, and logic flaws. One Tesla infotainment unit was compromised through a USB-based attack, resulting in root-level access. Electric vehicle charging infrastructure also received significant attention. Teams successfully demonstrated exploits against chargers from Autel, Phoenix Contact, ChargePoint, Grizzl-E, Alpitronic, and EMPORIA. Several attacks involved chaining multiple vulnerabilities to manipulate charging behavior or execute code on the device. These demonstrations highlighted how charging stations operate as network-connected systems with direct interaction with vehicles.
There's video recaps on the ZDI YouTube channel — apparently the Fuzzware.io researchers "were able to take over a Phoenix Contact EV charger over bluetooth."

Three researchers also exploited the Alpitronic's HYC50 fast-charging with a classic TOCTOU bug, according to the event's site, "and installed a playable version of Doom to boot." They earned $20,000 — part of $1,047,000 USD was awarded during the three-day event.

More coverage from SecurityWeek: The winner of the event, the Fuzzware.io team, earned a total of $215,500 for its exploits. The team received the highest individual reward: $60,000 for an Alpitronic HYC50 EV charger exploit delivered through the charging gun. ZDI described it as "the first public exploit of a supercharger".

How would Sony ceding control of its TV hardware business change the industry? The Verge has an optimistic take: [...] As of today, Sony already relies on different manufacturing partners to create its TV lineup. While display panel manufacturers never reveal who they sell panels to, Sony is likely already using panels for its LCD TVs from TCL China Star Optoelectronics Technology (CSOT), in addition to OLED panels from LG Display and Samsung Display. With this deal, a relationship between Sony and TCL CSOT LCD panels is guaranteed (although I doubt this would affect CSOT selling panels to other manufacturers). And with TCL CSOT building a new OLED facility, there's a potential future in which Sony OLEDs will also get panels from TCL. Although I should point out that we're not sure yet if the new facility will have the ability to make TV-sized OLED panels, at least to start.

[...] There's some concern from fans that this could lead to a Sharp, Toshiba, or Pioneer situation where the names are licensed and the TVs produced are a shell of what the brands used to represent. I don't see this happening with Sony. While the electronics side of the business hasn't been as strong as in the past, Sony -- and Bravia -- is still a storied brand. It would take a lot for Sony to completely step aside and allow another company to slap its name on an inferior product. And based on TCL's growth and technological improvements over the past few years, and the shrinking gap between premium and midrange TVs, I don't expect Sony TVs will suffer from a partnership with TCL.

An anonymous reader quotes a report from TorrentFreak: Spotify and several major record labels, including UMG, Sony, and Warner, have taken legal action against the unknown operators of Anna's Archive. The action follows the shadow library's announcement that it would release hundreds of terabytes of scraped Spotify data. Unsealed documents reveal that the court already issued a broad preliminary injunction, ordering hosting companies, Cloudflare, and domain name services, to take action. [...] All these documents were filed under seal, as the shadow library might otherwise be tipped off and take countermeasures. These documents were filed ex-parte and kept away from Anna's Archive. According to Spotify and the labels, this is needed "so that Anna's Archive cannot pre-emptively frustrate" the countermeasures they seek.

The lawsuit (PDF), which was unsealed recently, explains directly why Anna's Archive lost several of its domain names over the past weeks. The .ORG domain was suspended by the U.S.-based Public Interest Registry (PIR) in early January, while a domain registrar took the .SE variant offline a few days later. "We don't believe this has to do with our Spotify backup," AnnaArchivist said at the time, but court records prove them wrong. The unsealed paperwork shows that the court granted a temporary restraining order (TRO) on January 2, which aimed to target Anna's Archive hosting and domain names. The sealed nature of this order also explains why the .ORG registry informed us that it could not comment on the suspension last week. While the .ORG and the .SE domains are suspended now, other domains remain operational. This suggests that the responsible registrars and registries do not automatically comply with U.S. court orders.

[...] While the unsealed documents resolve the domain suspension mystery, it is only the start of the legal battle in court. It is expected that Spotify and the music companies will do everything in their power to take further action, if needed. Interestingly, however, it appears that the music industry lawsuit may have already reached its goal. A few days ago, the dedicated Spotify download section was removed by Anna's Archive. Whether this removal is linked to the legal troubles is unknown. However, it appears that Anna's Archive stopped the specific distribution of Spotify content alleged in the complaint, seemingly in partial compliance with the injunction's ban on 'making available' the scraped files.

Sony plans to spin off its TV hardware business to a new joint venture controlled by Chinese electronics giant TCL, the two said Tuesday, a significant retreat for the Japanese giant whose Bravia line has long occupied the premium end of the television market. TCL would hold a 51% stake in the venture and Sony would retain 49% under a nonbinding agreement the two companies signed. They aim to finalize binding terms by the end of March and begin operations in April 2027, pending regulatory approvals.

The new company would retain the Sony and Bravia branding for televisions and home audio equipment but use TCL's display technology. Japanese TV manufacturers have steadily lost ground to Chinese and Korean rivals over the years. Toshiba, Hitachi, Mitsubishi Electric and Pioneer exited the business entirely. Panasonic and Sharp de-emphasized televisions in their growth strategies. Sony's Bravia line survived by positioning itself at the premium tier where consumers pay more for high-end picture and sound quality.

Meta is shutting down three acquired VR studios as part of Reality Labs layoffs and a strategic pivot away from VR content toward AI-powered smart glasses. UploadVR reports: Meta shut down Twisted Pixel Games (Deadpool VR), Sanzaru Games (Asgard's Wrath), and Armature Studio (Resident Evil 4 VR). [...] Twisted Pixel Games was founded in 2006 and mostly made Xbox games published by Microsoft for the first decade of its existence. In fact, Microsoft owned the studio from 2011 until 2015, when it became an independent company again. On contract from Facebook, between 2017 and 2019 Twisted Pixel released four VR games: Wilson's Hearth (Rift); B-Team (Go/Quest); Defector (Rift); and Path of the Warrior (Rift/Quest). In 2022, Twisted Pixel Games was acquired by Meta. And just two months ago, it released what it had been working on since then: Deadpool VR, the latest Quest-exclusive VR game. [...]

Sanzaru Games was also founded in 2006, and made a combination of its own games and contract titles for companies such as Sony, porting the original God of War series to PS Vita. Sanzaru Games was also contracted by Facebook to build VR games for the Oculus Rift and its Touch controllers, between 2016 and 2019: Ripcoil (2016); VR Sports Challenge (2016); Marvel Powers United VR (2018); and Asgard's Wrath (2019). In 2020, Sanzaru Games was acquired by Facebook, and in 2023 released Asgard's Wrath 2, taking the core essence of Asgard's Wrath to Quest 2 and Quest 3 standalone, with a semi-open world and a campaign more than 60 hours long. Exactly one year ago, Sanzaru released the last major content update for Asgard's Wrath 2, stating that it was now working on the "next big thing" with no detail released on what that would be before the studio closed.

Founded in 2008, Armature Studio was mainly a porting studio, bringing PC titles to consoles and console titles to PS Vita. Like Twisted Pixel and Sanzaru, Armature too was contracted by Facebook to build early consumer VR games: Fail Factory (2017); Sports Scramble (2019); and Resident Evil 4 VR (2021). Armature was acquired by Meta in 2022, and many VR gamers had been eagerly anticipating what it had been working on since. Whatever it was, Armature too is now shut down.

The long-standing hierarchy in the TV market -- Sony, Samsung and LG at the top, TCL and Hisense fighting it out in the midrange -- is eroding as the budget brands close the performance gap and increasingly lead on technology innovation, The Verge writes. Hisense debuted the first RGB LED TV last year, and TCL's X11L announced at CES 2026 is the first TV to use reformulated quantum dots and a new color filter. TCL's QM9K release last year was "a pretty clear statement that they're ready to fight with the big boys."

The premium brands retain certain advantages: Sony's processing remains unmatched and LG's OLEDs deliver contrast that mini LED cannot match. "Even as the gap in performance across technologies continues to shrink, and TVs from all the manufacturers get closer to parity, the challenge for TCL and Hisense shifts from creating incredible, competitive products to altering perception," The Verge notes.

Samsung once owned the art TV segment entirely; CES 2026 saw announcements from Amazon's Ember Artline and LG's Gallery TV, all using similar edge-lit technology and magnetic frames. The experience across brands is "remarkably similar." If the pricing gap persists and performance remains comparable, "the big three will have to respond by bringing their pricing down or risk losing sales," the publication concluded.

The camera industry shipped 6.5 million interchangeable lens cameras last year -- a 50% decline from 2010's peak -- yet 2025 may have been the most creatively ambitious year in nearly two decades of digital photography. DPReview's Richard Butler argues that this year's releases displayed "invention, experimentation and niche-tickling lunacy" not seen since digital's earliest days.

Interchangeable lens shipments rose 11% in the first ten months of 2025 compared to last year, and fixed lens cameras climbed roughly 26%. The practical cameras arrived as expected: Panasonic's S1 II, Canon's EOS R6 III, and Sony's a7 V all delivered performance that "can go toe-to-toe with the pro sports models of just a few years ago." But the stranger releases drew attention.

Sony's RX1R III faced criticism for being a "lazy update," yet Butler found it "small, fun to use and the pictures look great." Leica launched the Q3 Monochrom, a $7,800 fixed-lens full-frame compact that cannot capture color. Fujifilm's X half targeted young buyers who might otherwise hunt for vintage compacts on eBay. The Sigma BF abandoned traditional camera design entirely -- no viewfinder, one dial, intentionally stylized.

"Look at some of this year's releases through a pragmatic lens of whether they're the best tool for the job, and the conclusion you'd typically draw is 'no,'" Butler wrote. These cameras "aren't trying to be the best, the most flexible or the most practical. They're intentionally, knowingly niche."

The television industry's brightness war may have hit its inflection point in 2025, the year TCL and Hisense released the first consumer TVs capable of 5,000 nits under specific settings -- a figure that would have seemed absurd not long ago when manufacturers struggled to reach 2,000 nits. LG introduced Primary RGB Tandem OLED technology, moving from a three-stack panel design to a four-stack red-blue-green-blue configuration that the company claims can achieve 4,000 nits. The technology appears in the LG G5, Panasonic Z95B and Philips OLED950 and OLED910.

RGB mini-LED also emerged as a new category. The technology uses individual small red, green and blue LED backlights instead of white or blue LEDs paired with quantum dots. Hisense demonstrated it at CES 2025, TCL announced its Q10M for China, and Samsung unveiled its own version called micro-RGB. These sets range from $12,000 to $30,000. Sony has confirmed it will debut RGB TV technology in spring 2026. HDR content is currently mastered at a maximum of 4,000 nits. The situation echoes the audio industry's loudness war, The Verge points out, which peaked with Metallica's heavily compressed Death Magnetic in 2008.

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

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

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

mprindle writes: The Texas Attorney General sued five major television manufacturers, accusing them of illegally collecting their users' data by secretly recording what they watch using Automated Content Recognition (ACR) technology.

The lawsuits target Sony, Samsung, LG, and China-based companies Hisense and TCL Technology Group Corporation. Attorney General Ken Paxton's office also highlighted "serious concerns" about the two Chinese companies being required to follow China's National Security Law, which could give the Chinese government access to U.S. consumers' data.

According to complaints filed this Monday in Texas state courts, the TV makers can allegedly use ACR technology to capture screenshots of television displays every 500 milliseconds, monitor the users' viewing activity in real time, and send this information back to the companies' servers without the users' knowledge or consent.

Microsoft's Xbox consoles were conspicuously absent from Black Friday's winners, failing to crack the top three in U.S. sales during one of the retail calendar's most important weeks. According to Circana analyst Mat Piscatella, the PlayStation 5 captured 47% of Black Friday week console sales ending November 29, followed by the Nintendo Switch 2 at 24% and -- somewhat remarkably -- the NEX Playground, a Kinect-like Android device aimed at children, at 14%.

Microsoft ran no promotions on its consoles during the period. The Xbox Series X currently retails for $650 following this year's price increase, up from its $500 launch price in 2020. Sony, by contrast, discounted the PS5 by roughly 40% at some retailers. Piscatella noted on Bluesky that products without price promotions typically see no seasonal lift. Costco has removed Xbox consoles from its U.S. and UK websites.

Jolla is "trying again with a new crowd-funded smartphone," reports Phoronix: Finnish company Jolla started out 14 years ago where Nokia left off with MeeGo and developed Sailfish OS as a new Linux smartphone platform. Jolla released their first smartphone in 2013 after crowdfunding but ultimately the Sailfish OS focus the past number of years now has been offering their software stack for use on other smartphone devices [including some Sony Xperia smartphones and OnePlus/Samsung/ Google/ Xiaomi devices].
This new Jolla Phone's pre-order voucher page says the phone will only produced if 2,000 units are ordered before January 4. (But in just a few days they've already received 1,721 pre-orders — all discounted to 499€ from a normal price between 599 and 699 €). Estimate delivery is the first half of 2026. "The new Jolla Phone is powered by a high-performing Mediatek 5G SoC," reports 9to5Linux, "and features 12GB RAM, 256GB storage that can be expanded to up to 2TB with a microSDXC card, a 6.36-inch FullHD AMOLED display with ~390ppi, 20:9 aspect ratio, and Gorilla Glass, and a user-replaceable 5,500mAh battery." The Linux phone also features 4G/5G support with dual nano-SIM and a global roaming modem configuration, Wi-Fi 6 wireless, Bluetooth 5.4, NFC, 50MP Wide and 13MP Ultrawide main cameras, front front-facing wide-lens selfie camera, fingerprint reader on the power key, a user-changeable back cover, and an RGB indication LED. On top of that, the new Jolla Phone promises a user-configurable physical Privacy Switch that lets you turn off the microphone, Bluetooth, Android apps, or whatever you wish.

The device will be available in three colors, including Snow White, Kaamos Black, and The Orange. All the specs of the new Jolla Phone were voted on by Sailfish OS community members over the past few months. Honouring the original Jolla Phone form factor and design, the new model ships with Sailfish OS (with support for Android apps), a Linux-based European alternative to dominating mobile operating systems that promises a minimum of 5 years of support, no tracking, no calling home, and no hidden analytics...

The device will be manufactured and sold in Europe, but Jolla says that it will design the cellular band configuration to enable global travelling as much as possible, including e.g. roaming in the U.S. carrier networks. The initial sales markets are the EU, the UK, Switzerland, and Norway.

An EDM song by the British group Haven ran into trouble in October after it shared clips of upcoming song "I Run" on TikTok.

The song "was an overnight viral sensation online," writes Digital Music News — racking up millions of plays "even before it hit streaming services." (Although the Washington Post notes that "Record labels and TikTok users began questioning whether 'I Run' used an AI deepfake, modeled off British R&B singer Jorja Smith, for the vocals.")

Digital Music News picks up the story: The artist says he used his own voice to record the vocals, and then ran it through layers of processing and filtering to turn it into the female-sounding voice heard in the track. However, that filtering also included the use of the controversial genAI platform Suno — and that's what complicates things... [The article says later that Suno "is currently in the middle of a blockbuster lawsuit with the Big Three major labels over allegations of widespread copyright infringement of sound recordings used during the AI model training process."]

Meanwhile, the song was rapidly amassing listenership. It soared to #11 on the U.S. Spotify chart and #25 on Spotify globally. Videos using the song continued going viral on TikTok and Instagram, including one in which rapper Offset had apparently played the song during a Boiler Room set, which later turned out to be falsified. And then, as quickly as it appeared, "I Run" was taken down from streaming services, including Spotify and Apple Music. That was due, in part, to numerous takedown notices from The Orchard, the label to which Jorja Smith is signed, as well as the RIAA and IFPI. The takedown notices alleged various issues with the track, including the "misrepresentation" of another artist, as well as copyright infringement.

As a result, the song has also been withheld from the Billboard charts, including the Hot 100, on which it had been predicted to debut this week before the controversy. Billboard points out that it "reserves the right to withhold or remove titles from appearing on the charts that are known to be involved in active legal disputes related to copyright infringement that may extend to the deletion of such content on digital service providers."
The song itself has now been re-released with an all-human vocal track. But going forward will the music industry ever work with AI platforms? The Washington Post reports: "I Run" has taken off as record labels remain unsure of the extent to which they should welcome generative AI programs such as Suno or Udio into the industry. After the two AI music companies began growing in popularity, the three major labels — Sony Music, Warner Music Group and Universal Music Group — filed lawsuits against Suno and Udio, claiming that the AI companies have used the labels' sound recordings to train their model.

Since then, UMG and Warnerhave reached agreementsto work with Udio, ending their litigation... It comes shortly after all three major labels licensed their catalogue to Klay, a music streaming start-up that allows users to adjust songs using artificial intelligence. Major licensing organizations such as ASCAP and BMI shared that they would register songs that were partially AI-generated — but not fully generated ones.

Haven appears to present an uncomfortable edge case. While some AI-generated songs that sound broadly like other artists have been allowed to remain on streaming platforms, the voice in "I Run" appears to have been deemed too duplicative for comfort.

An anonymous reader quotes a report from the BBC: The island of Hokkaido has long been an agricultural powerhouse -- now Japan is investing billions to turn it into a global hub for advanced semiconductors. More than half of Japan's dairy produce comes from Hokkaido, the northernmost of its main islands. In winter, it's a wonderland of ski resorts and ice-sculpture festivals; in summer, fields bloom with bands of lavender, poppies and sunflowers. These days, cranes are popping up across the island -- building factories, research centers and universities focused on technology. It's part of Japan's boldest industrial push in a generation: an attempt to reboot the country's chip-making capabilities and reshape its economic future.

Locals say that beyond the cattle and tourism, Hokkaido has long lacked other industries. There's even a saying that those who go there do so only to leave. But if the government succeeds in turning Hokkaido into Japan's answer to Silicon Valley -- or "Hokkaido Valley", as some have begun to call it -- the country could become a new contender in the $600 billion race to supply the world's computer chips. At the heart of the plan is Rapidus, a little-known company backed by the government and some of Japan's biggest corporations including Toyota, Softbank and Sony.

Born out of a partnership with IBM, it has raised billions of dollars to build Japan's first cutting-edge chip foundry in decades. The government has invested $12 billion in the company, so that it can build a massive semiconductor factory or "fab" in the small city of Chitose. In selecting the Hokkaido location, Rapidus CEO Atsuyoshi Koike points to Chitose's water, electricity infrastructure and its natural beauty. Mr Koike oversaw the fab design, which will be completely covered in grass to harmonize with Hokkaido's landscape, he told the BBC. Local authorities have also flagged the region as being at lower risk of earthquakes compared to other potential sites in Japan.

An anonymous reader quotes a report from Bloomberg: The world's largest music companies have licensed their works to a music startup called Klay, which is building a streaming service that will allow users to remake songs using artificial intelligence tools. Klay is the first music AI service to reach a deal with all three major record labels, Universal Music Group NV, Sony Music and Warner Music Group Corp., according to people familiar with the deals. Klay plans to announce its agreements in the coming days, said the people, who asked not to be identified discussing confidential plans.

Klay is building a product that will offer the features of a streaming service like Spotify, amplified by AI technology that will let users remake songs in different styles. Klay has licensed the rights to thousands of hit songs so that it can train its large language model. The company has positioned itself as a friend of the industry, offering assurances that the artists and labels will have some control over how their work is used. Klay is led by music producer Ary Attie and also employs former executives from Sony Music and Google's DeepMind, an AI laboratory.

An anonymous reader shared this post from the gaming news site Aftermath: Concord, Sony Interactive Entertainment and Firewalk Studios' Overwatch-like shooter, was live for just two weeks before it was pulled offline. Though Concord certainly had some dedicated players, it didn't have many — which is why it may be surprising to hear that a group of players are reverse-engineering the game and its servers to bring it back to life.

Publisher Sony removed Concord from stores and digital marketplaces, automatically refunded some, and, later, shut down Firewalk Studios. Two hundred or so people were laid off, and any hopes of Concord's return were dashed. Poor sales — estimated to be under 25,000 copies sold — and low player numbers marred the release. Firewalk Studios' game director Ryan Ellis said in a blog post that pieces of the game "resonated with players," but "other aspects of the game and [Concord's] initial launch didn't land the way [Firewalk Studios] intended."

Concord wasn't a bad game, but it just didn't generate enough interest with enough players. Now, a group of three hobbyist reverse-engineers, who go by real, Red, and gwog online, are trying to make it playable again... "Sometimes there's enough of the server left in the game, that we can 'activate' that code and make the game believe it's a server," Red said. "We do pretty much always need to fill in the gaps though..." Concord used an anti-tamper software to keep people from cheating, which also creates a problem for people reverse engineering. It's "nearly impossible" to crack, Red said, so the group didn't — they found an exploit to "forcefully decrypt the game's code" to "restore the game and start working on servers...."

It's not open to the public, but people can sign up for future tests. Even former Firewalk Studios employees have joined the server. They're excited to see Concord come back to life, too, the developers said.
"Friday morning, a video of the playtest was posted to the Concord Reddit page," according to the article. (Though ironically by Friday night YouTube had had removed the video "due to a copyright claim by MarkScan Enforcement."

Cryptocurrency companies and fintech startups are applying to open banks in the United States. Ripple, Coinbase and the UK payments company Wise have submitted applications for national trust charters this year. Trust banks cannot take deposits or make loans but charge fees for safekeeping customer assets and are not FDIC insured. The applications have reached 12 so far this year, more than any of the preceding eight years, according to data compiled by Klaros Group.

Comptroller of the Currency Jonathan Gould said last month that cryptocurrency activity should be done within the banking system if legally permissible and safe. His agency regulates nationally-chartered U.S. banks. The Bank Policy Institute and the Independent Community Bankers of America oppose the applications. BPI sent letters urging the Office of the Comptroller of the Currency to reject the Ripple, Wise, and Sony applications. The group said approving Coinbase could significantly increase risks to the U.S. financial system.

Valve has unveiled a new Steam Machine console, taking a second shot at living room gaming a decade after its 2015 Steam Machine initiative failed. The 6-inch cube runs Linux-based SteamOS but plays Windows games through Proton, a compatibility layer built on Wine that translates Microsoft graphical APIs.

Valve spent over a decade working on SteamOS and ways to run Windows games on Linux after the original Steam Machines failed. The device promises six times the performance of the Steam Deck handheld using AMD's 2022-2023 technology. In an interaction with The Verge, Valve demonstrated Cyberpunk 2077 running at settings comparable to PS5 Pro or beyond on a 4K television. The console updates games in the background and includes automatic HDMI television control that Valve tested against a warehouse of home entertainment equipment. The system navigates entirely through gamepad controls and resumes games instantly from sleep mode.

Valve said pricing will be "comparable to a PC with similar specs" rather than subsidized like traditional consoles. PCs with similar GPUs have cost roughly $1,000 or more. Linux currently plays Windows games better than Windows in side-by-side tests.

Sony reported that PlayStation 5 sales have reached 84.2 million units, officially surpassing every Xbox console ever released. IGN reports: The PlayStation 5 is now up to 84.2 million copies sold after shifting an additional 3.9 million units during the three-month period ending September 30, Sony has announced. That's a slight increase on the 3.8 million PS5 units Sony sold during the same quarter last year, but it's an impressive result given the price of the console has actually gone up over the course of this generation, rather than come down. [...]

As an aside, unlike Sony, Microsoft does not make Xbox Series X and S sales figures public, but analysts have suggested the combined Xbox Series effort is being outsold by the PS5 by at least a factor of 2:1. The more appropriate comparison for the PS5 then, is with its predecessor, the PlayStation 4. Five years into the current console generation, the PS5 is slightly behind the PS4 (the PS4 sold-in to retailers more than 86.1 million units after five years on sale). But Sony has said this console generation is its most financially successful ever, with sales surpassing those made during the reign of all previous Sony consoles.