AI

Bill Gates' Daughter Secures $30 Million For AI App Built In Stanford Dorm 40

Phoebe Gates, Bill Gates' youngest daughter, has raised $30 million for the AI shopping app she built in her Stanford dorm room with classmate Sophia Kianni. The app is called Phia and is pitched as a way to simplify price comparison and secondhand shopping. "Its AI-powered search engine -- available as an app and as a browser extension for Chrome and Safari -- pulls listings from more than 40,000 retail and resale sites so users can compare prices, surface real-time deals, and determine whether an item's cost is typical, high or fair," reports the San Francisco Chronicle. The app has reached 750,000 downloads in eight months and is valued at $180 million. From the report: Gates told Elle that when she first floated the idea to her parents, they urged her to keep it as a side project -- advice she followed by enrolling in Stanford's night program after moving to New York and finishing her degree in 2024. "They were like, 'Okay, you can do this as a side thing, but you need to stay in school.' I don't think people would expect that from my family, to be honest," she said.

Her father dropped out of Harvard University in 1975 to launch Microsoft. Kianni even paused her degree temporarily "to learn, as quickly as possible, as much as we could about the industry that we would be operating in," she told Vogue. Bill Gates has not invested in the company, though he has publicly supported its mission.
PHP

PHP 8.5 Brings Long-Awaited Pipe Operator, Adds New URI Tools (theregister.com) 18

"PHP 8.5 landed on Thursday with a long-awaited pipe operator and a new standards-compliant URI parser," reports the Register, "marking one of the scripting language's more substantial updates... " The pipe operator allows function calls to be chained together, which avoids the extraneous variables and nested statements that might otherwise be involved. Pipes tend to make code more readable than other ways to implement serial operations. Anyone familiar with the Unix/Linux command line or programming languages like R, F#, Clojure, or Elixir may have used the pipe operator. In JavaScript, aka ECMAScript, a pipe operator has been proposed, though there are alternatives like method chaining.

Another significant addition is the URI extension, which allows developers to parse and modify URIs and URLs based on both the RFC 3986 and the WHATWG URL standards. Parsing with URIs and URLs â" reading them and breaking them down into their different parts â" is a rather common task for web-oriented applications. Yet prior versions of PHP didn't include a standards-compliant parser in the standard library. As noted by software developer Tim Düsterhus, the parse_url() function that dates back to PHP 4 doesn't follow any standard and comes with a warning that it should not be used with untrusted or malformed URLs.

Other noteworthy additions to the language include: Clone With, for updating properties more efficiently; the #[\NoDiscard] attribute, for warning when a return value goes unused; the ability to use static closures and first-class callables in constant expressions; and persistent cURL handles that can be shared across multiple PHP requests.

Crime

Fired Techie Admits Sabotaging Ex-Employer, Causing $862K In Damage (theregister.com) 57

An Ohio IT contractor pleaded guilty to breaking into his former employer's network after being fired, impersonating another worker and using a PowerShell script to reset 2,500 passwords -- an act that locked out thousands of employees and caused more than $862,000 in damage. He faces up to 10 years in prison. The Register reports: Maxwell Schultz, 35, impersonated another contractor to gain access to the company's network after his credentials were revoked. Announcing the news, US attorney Nicholas J. Ganjei did not specify the company in question, which is typical in these malicious insider cases, although local media reported it to be Houston-based Waste Management.

The attack took place on May 14, 2021, and saw Schultz use the credentials to reset approximately 2,500 passwords at the affected organization. This meant thousands of employees and contractors across the US were unable to access the company network. Schultz admitted to running a PowerShell script to reset the passwords, searching for ways to delete system logs to cover his tracks -- in some cases succeeding -- and clearing PowerShell window events, according to the Department of Justice.

Prosecutors said the attack caused more than $862,000 worth of damage related to employee downtime, a disrupted customer service function, and costs related to the remediation of the intrusion. Schultz is set to be sentenced on Jan 30, 2026, and faces up to ten years in prison and a potential maximum fine of $250,000.

Science

UC Berkeley Scientists Hail Breakthrough In Decoding Whale Communication (sfgate.com) 35

UC Berkeley researchers working with Project CETI discovered that sperm whales produce vowel-like sounds embedded in their click codas, suggesting a far more complex communication system than previously understood. "It was striking just how structured the system was. I've never seen anything like that before with other animals," Begus, a UC Berkeley linguistics professor and the linguistics lead at Project CETI, told SFGATE. "We're showing the world that there's more than meets the eye in sperm whales and that, if one cares to look closely, they're not as alien. We're much more similar to each other than we used to think." SFGATE reports: With the help of a machine-learning model to identify patterns, Begus and his team combed through recordings collected from social units of sperm whales off the coast of the island of Dominica between 2005 and 2018. When they sped up the audio, removing the silences between clicks, they heard new patterns. They found acoustic properties that share similarities with two vowels -- a and i -- and several vowel combinations.

"Before, people were looking just at the timing and the number of clicks exchanged between sperm whales, but now we have to look at the frequencies, too. A whole new set of patterns have appeared," Begus said. "Now, it's one of the most complex non-human communication systems we have observed." [...] Begus said the research only shows how much more we have to learn about whales' style of communicating. He is particularly interested in exploring how the system may differ for whales between regions and how whale babies learn to communicate in this way. Most importantly, he wants to understand the meaning behind the sounds, as a "window into whale thoughts and lives."
The research was published in the journal Open Mind.
Power

EV Sales Are Still Rising. They Have Not Slumped (electrek.co) 126

"Media headlines suggesting some slowdown in EV sales are simply incorrect," writes the site Electrek, "and leave out the bigger picture that gas car sales actually are dropping..." Over the course of the last two years or so, sales of battery electric vehicles, while continuing to grow, have posted lower year-over-year percentage growth rates than they had in years prior. EV sales used to grow at 50%+ per year, but for the last couple years, they have grown closer to ~25% per year. This alone is not particularly remarkable — it is inevitable that any growing product or category will show slower percentage growth rates as sales rise, particularly one that has been growing at such a fast rate for so long. In some recent years, we had even seen year-over-year doublings in EV market share (though one of those was 2020->2021, which was anomalous). To expect improvement at that level perpetually would be close to impossible — after 3 years of doubling market share from 2023's 18% number, EVs would account for more than 100% of the global automotive market, which cannot happen...

We have seen a global EV sales growth rate of 23% in the first 10 months of this year, according to a report just released by Rho Motion (recently acquired by Benchmark Mineral Intelligence). That includes a +32% bump in Europe, +22% bump in China, +4% in North America, and a big +48% bump in the "rest of the world." Notably, this 23% global growth rate is higher than last year's YTD growth rate, which was 22% at this time...

In covering these trends, some journalists have attempted to use the less-wrong phrase "slower growth," showing that EV sales are still growing, but at a lower percentage change than previously seen. But for the first ten months of this year, that isn't true — EV sales are up more in 2025 than in 2024 by a percentage basis. They are also up in raw sales numbers — in 2024, EV sales grew by a larger number than in 2023. And the same is true so far in 2025. Going back to 2023, 10.7 million EVs were sold globally in the first 10 months. Then in 2024, 13.3 million were sold, a difference of 2.6 million. And so far in 2025, 16.5 million EVs have sold, a difference of 3.2 million. Not only are the numbers getting bigger, but the growth in unit sales is getting bigger as well.

Even in America, the EV market "has increased so far this year, with 11.7% US EV sales growth YTD." In terms of US hybrid sales, much has been made of customers "shifting from EVs to hybrids," which is also not the case. Conventional gas-hybrid sales are indeed up and plug-in hybrids, which have grown more slowly than gas-hybrids/BEVs, have also shown some growth lately. But gas-hybrid sales have not come at the cost of EV sales, rather at the cost of gas-only car sales.

Because that's just the thing: the number of gas-only vehicles being sold worldwide is a number that actually is falling. That number continues to go down year over year. Sales of new gas-powered cars are down by about a quarter from their peak in 2017, and show no signs of recovering... And yet, somehow, virtually every headline you read is about the "EV sales slump," rather than the "gas-car sales slump." The one you keep hearing about isn't happening, but the one you rarely hear about is happening... No matter what region of the world you're in, EV sales were up in the first 10 months of this year.

AI

While Meta Crawls the Web for AI Training Data, Bruce Ediger Pranks Them with Endless Bad Data (bruceediger.com) 43

From the personal blog of interface expert Bruce Ediger: Early in March 2025, I noticed that a web crawler with a user agent string of

meta-externalagent/1.1 (+https://developers.facebook.com/docs/sharing/webmasters/crawler)

was hitting my blog's machine at an unreasonable rate.

I followed the URL and discovered this is what Meta uses to gather premium, human-generated content to train its LLMs. I found the rate of requests to be annoying.

I already have a PHP program that creates the illusion of an infinite website. I decided to answer any HTTP request that had "meta-externalagent" in its user agent string with the contents of a bork.php generated file...

This worked brilliantly. Meta ramped up to requesting 270,000 URLs on May 30 and 31, 2025...

After about 3 months, I got scared that Meta's insatiable consumption of Super Great Pages about condiments, underwear and circa 2010 C-List celebs would start costing me money. So I switched to giving "meta-externalagent" a 404 status code. I decided to see how long it would take one of the highest valued companies in the world to decide to go away.

The answer is 5 months.

PHP

The PHP Foundation Is Seeking a New Executive Director (thephp.foundation) 12

New submitter benramsey writes: The PHP Foundation has launched a search for its next executive director.

The Executive Director serves as the operational leader of the PHP Foundation, defining its strategic vision and translating it into reality while managing day-to-day operations and serving as the primary bridge between the Board, staff, community, and sponsors.

While the programming language PHP is over 30 years old, the PHP Foundation was only created in 2021. The Executive Director will be responsible for maturing the foundation's internal structure and will play a crucial role in ensuring the foundation can effectively support this vital ecosystem.

Interested parties are encouraged to submit a cover letter describing their interest and relevant experience, resume or CV, and a brief vision statement detailing the applicant's understanding of the position, key opportunities and challenges they see for the foundation, and their approach to the role.

Music

Nonprofit Releases Thousands of Rare American Music Recordings Online (ucsb.edu) 17

The nonprofit Dust-to-Digital Foundation is making thousands of historic songs accessible to the public for free through a new partnership with the University of California, Santa Barbara. The songs represent "some of the rarest and most uniquely American music borne from the Jazz Age and the Great Depression," according to the university, and classic blues recordings or tracks by Fiddlin' John Carson and his daughter Moonshine Kate "would have likely been lost to landfills and faded from memory."

Launched in 1999 by Lance and April Ledbetter, Dust-to-Digital focused on preserving hard-to-find music. Originally a commercial label producing high-quality box sets (along with CDs, records, and books), it established a nonprofit foundation in 2010, working closely with collectors to digitize and preserve record collections. And there's an interesting story about how they became familiar with library curator David Seubert... Once a relationship is established, Dust-to-Digital sets up special turntables and laptops in a collector's home, with paid technicians painstakingly digitizing and labeling each record, one song at a time. Depending on the size of the collection, the process can take months, even years... In 2006, they heard about Seubert's Cylinder Preservation and Digitization Project getting "slashdotted," a term that describes when a website crashes or receives a sudden and debilitating spike in traffic after being mentioned in an article on Slashdot.
Here in 2025, the university's library already has over 50,000 songs in a Special Research Collections, which they've been uploading it to a Discography of American Historical Recordings (DAHR) database. ("Recordings in the public domain are also available for free download, in keeping with the UCSB Library's mission for open access.") Over 5,000 more songs from Dust-to-Digital have already been added, says library curator Seubert, and "Thousands more are in the pipeline."

One interest detail? The bulk of the new songs come from Joe Bussard, a man whose 75-year obsession with record collecting earned him the name "the king of the record collectors and "the saint of 78s".
The Almighty Buck

You Can't Leave Unless You Buy Something (sfgate.com) 195

An anonymous reader quotes a report from SFGATE: At the Safeway on San Francisco's King Street, you now can't leave the store unless you buy something. The Mission Bay grocery store recently installed new anti-theft measures at the entrance and exit. New gates at the entrance automatically swing open when customers walk in, but they're set to trigger an alarm if someone attempts to back out. And if you walk into Safeway and change your mind about grocery shopping, you might find yourself trapped: Another gate that only opens if you scan your receipt blocks the store's sole exit.

During my Monday visit, I purchased a kombucha and went through the check-out line without incident. (No high-tech gates block the exit if you go through the line like normal.) But for journalism's sake, I then headed back into the store to try going out the new gate. While I watched some customers struggle with the new technology, my receipt scanned immediately. The glass doors slid open, and I was free. But if, like this person on the San Francisco subreddit recounted, I hadn't bought anything, my only means of exit would have been to beg the security guard to let me out.

Power

Ukraine First To Demo Open Source Security Platform To Help Secure Power Grid (theregister.com) 10

concertina226 shares a report from The Register: [A massive power outage in April left tens of millions across Spain, Portugal, and parts of France without electricity for hours due to cascading grid failures, exposing how fragile and interconnected Europe's energy infrastructure is. The incident, though not a cyberattack, reignited concerns about the vulnerability of aging, fragmented, and insecure operational technology systems that could be easily exploited in future cyber or ransomware attacks.] This headache is one the European Commission is focused on. It is funding several projects looking at making electric grids more resilient, such as the eFort framework being developed by cybersecurity researchers at the independent non-profit Netherlands Organisation for Applied Scientific Research (TNO) and the Delft University of Technology (TU Delft).

TNO's SOARCA tool is the first ever open source security orchestration, automation and response (SOAR) platform designed to protect power plants by automating the orchestration of the response to physical attacks, as well as cyberattacks, on substations and the network, and the first country to demo it will be the Ukraine this year. At the moment, SOAR systems only exist for dedicated IT environments. The researchers' design includes a SOAR system in each layer of the power station: the substation, the control room, the enterprise layer, the cloud, or the security operations centre (SOC), so that the SOC and the control room work together to detect anomalies in the network, whether it's an attacker exploiting a vulnerability, a malicious device being plugged into a substation, or a physical attack like a missile hitting a substation. The idea is to be able to isolate potential problems and prevent lateral movement from one device to another or privilege escalation, so an attacker cannot go through the network to the central IT management system of the electricity grid. [...]

The SOARCA tool is underpinned by CACAO Playbooks, an open source specification developed by the OASIS Open standards body and its members (which include lots of tech giants and US government agencies) to create standardized predefined, automated workflows that can detect intrusions and changes made by malicious actors, and then carry out a series of steps to protect the network and mitigate the attack. Experts largely agree the problem facing critical infrastructure is only worsening as years pass, and the more random Windows implementations that are added into the network, the wider the attack surface is. [...] TNO's Wolthuis said the energy industry is likely to be pushed soon to take action by regulators, particularly once the Network Code on Cybersecurity (NCCS), which lays out rules requiring cybersecurity risk assessments in the electricity sector, is formalized.

Transportation

Did a Weather Balloon, Not a Mysterious Space Object, Strike That United Airlines Flight? (sfgate.com) 34

Slashdot reader joshuark shares this report from SFGate: The mystery object that struck a plane at 36,000 feet is likely not space debris, as some speculated, but rather a Silicon Valley test project gone wrong...

WindBorne Systems, a Palo Alto startup that uses atmospheric balloons to collect weather data for AI-based forecast models,has come forward to say that they believe they may be responsible for the object that hit the windshield... "At 6am PT, we sent our preliminary investigation to both NTSB and FAA, and are working with both of them to investigate further," [WindBorne's CEO John Dean posted on social media...] WindBorne said the company has launched more than 4,000 balloons and that it coordinates with the Federal Aviation Administration for every launch.

WindBorne "has conducted more than 4,000 launches," the company said in a statement, noting that they've always coordinated those launched with America's Federal Aviation Administration and filed aviation alerts for every launched balloon. Plus "The system is designed to be safe in the event of a midair collision... Our balloon is 2.4 pounds at launch and gets lighter throughout flight." We are working closely with the FAA on this matter. We immediately rolled out changes to minimize time spent between 30,000 and 40,000 feet. These changes are already live with immediate effect. Additionally, we are further accelerating our plans to use live flight data to autonomously avoid planes, even if the planes are at a non-standard altitude. We are also actively working on new hardware designs to further reduce impact force magnitude and concentration.
Transportation

Society Will Accept a Death Caused By a Robotaxi, Waymo Co-CEO Says (sfgate.com) 239

At TechCrunch Disrupt 2025, Waymo co-CEO Tekedra Mawakana said society will ultimately accept a fatal robotaxi crash as part of the broader tradeoff for safer roads overall. TechCrunch reports: The topic of a fatal robotaxi crash came up during Mawakana's interview with Kristen Korosec, TechCrunch's transportation editor, during the first day of the outlet's annual Disrupt conference in San Francisco. Korosec asked Mawakana about Waymo's ambitions and got answer after answer about the company's all-consuming focus on safety. The most interesting part of the interview arrived when Korosec brought on a thought experiment. What if self-driving vehicles like Waymo and others reduce the number of traffic fatalities in the United States, but a self-driving vehicle does eventually cause a fatal crash, Korosec pondered. Or as she put it to the executive: "Will society accept that? Will society accept a death potentially caused by a robot?"

"I think that society will," Mawakana answered, slowly, before positioning the question as an industrywide issue. "I think the challenge for us is making sure that society has a high enough bar on safety that companies are held to." She said that companies should be transparent about their records by publishing data about how many crashes they're involved in, and she pointed to the "hub" of safety information on Waymo's website. Self-driving cars will dramatically reduce crashes, Mawakana said, but not by 100%: "We have to be in this open and honest dialogue about the fact that we know it's not perfection."

Circling back to the idea of a fatal crash, she said, "We really worry as a company about those days. You know, we don't say 'whether.' We say 'when.' And we plan for them." Korosec followed up, asking if there had been safety issues that prompted Waymo to "pump the breaks" on its expansion plans throughout the years. The co-CEO said the company pulls back and retests "all the time," pointing to challenges with blocking emergency vehicles as an example. "We need to make sure that the performance is backing what we're saying we're doing," she said. [...] "If you are not being transparent, then it is my view that you are not doing what is necessary in order to actually earn the right to make the roads safer," Mawakana said.

PHP

JetBrains Survey Declares PHP Declining, Then Says It Isn't (theregister.com) 29

JetBrains released its annual State of the Developer Ecosystem survey in late October, drawing more than twenty-four thousand responses from programmers worldwide. The survey declared that PHP and Ruby are in "long term decline" based on usage trends tracked over five years. Shortly after publication, JetBrains posted a separate statement asserting that "PHP remains a stable, professional, and evolving ecosystem." The company offered no explanation for the apparent contradiction, The Register reports.

The survey's methodology involves weighting responses to account for bias toward JetBrains users and regional distribution factors. The company acknowledges some bias likely remains since its own customers are more inclined to respond. The survey also found that 85% of developers now use AI coding tools.
Biotech

Should We Edit Nature to Help It Survive Climate Change? (noemamag.com) 75

A recent article in Noema magazines explores the issues in "editing nature to fix our failures."

"It turns out playing God is neither difficult nor expensive," the article points out. "For about $2,000, I can go online and order a decent microscope, a precision injection rig, and a vial of enough CRISPR-Cas9 — an enzyme-based genome-editing tool — to genetically edit a few thousand fish embryos..." So when going beyond the kept-in-captivity Dire Wolf to the possibility of bringing back forests of the American chestnut tree, "The process is deceptively simple; the implications are anything but..." If scientists could use CRISPR to engineer a more heat-tolerant coral, it would give coral a better chance of surviving a marine environment made warmer by climate change. It would also keep the human industries that rely on reefs afloat. But should we edit nature to fix our failures? And if we do, is it still natural...? Evolution is not keeping pace with climate change, so it is up to us to give it an assist [according to Christopher Preston, an environmental philosopher from the University of Montana, who wrote a book on CRISPR called "Ma href="https://mitpress.mit.edu/9780262537094/the-synthetic-age/">The Synthetic Age."] In some cases, the urgency is so great that we may not have time to waste. "There's no doubt there are times when you have to act," Preston continued. "Corals are a case where the benefits of reefs are just so enormous that keeping some alive, even if they're genetically altered, makes the risks worth it."
Kate Quigley, a molecular ecologist and a principal research scientist at Australia's Minderoo Foundation, says "Engineering the ocean, or the atmosphere, or coral is not something to be taken lightly. Science is incredible. But that doesn't mean we know everything and what the unintended consequences might be." Phillip Cleves, a principal investigator at the Carnegie Institute for Science's embryology department, is already researching whether coral could be bioengineered to be more tolerant to heat.

But both of them have concerns: For all the research Quigley and Cleves have dedicated to climate-proofing coral, neither wants to see the results of their work move from experimentation in the lab to actual use in the open ocean. Needing to do so would represent an even greater failure by humankind to protect the environment that we already have. And while genetic editing and selective breeding offer concrete solutions for helping some organisms adapt, they will never be powerful enough to replace everything lost to rising water temperatures. "I will try to prepare for it, but the most important thing we can do to save coral is take strong action on climate change," Quigley told me. "We could pour billions and billions of dollars — in fact, we already have — into restoration, and even if, by some miracle, we manage to recreate the reef, there'd be other ecosystems that would need the same thing. So why can't we just get at the root issue?"
And then there's the blue-green algae dilemma: George Church, the Harvard Medical School professor of genetics behind Colossal's dire wolf project, was part of a team that successfully used CRISPR to change the genome of blue-green algae so that it could absorb up to 20% more carbon dioxide via photosynthesis. Silicon Valley tech incubator Y Combinator seized on the advance to call for scaled-up proposals, estimating that seeding less than 1% of the ocean's surface with genetically engineered phytoplankton would sequester approximately 47 gigatons of CO2 a year, more than enough to reverse all of last year's worldwide emissions.

But moving from deploying CRISPR for species protection to providing a planetary service flips the ethical calculus. Restoring a chestnut forest or a coral reef preserves nature, or at least something close to it. Genetically manipulating phytoplankton and plants to clean up after our mistakes raises the risk of a moral hazard. Do we have the right to rewrite nature so we can perpetuate our nature-killing ways?

Transportation

Desperate to Stop Waymo's Dead-End Detours, a San Francisco Resident Tried an Orange Cone with a Sign (sfgate.com) 89

"This is an attempt to stop Waymo cars from driving into the dead end," complains a home-made sign in San Francisco, "where they are forced to reverse and adversely affect the lives of the residents."

On an orange traffic post, the home-made sign declares "NO WAYMO — 8:00 p.m. to 8:00 a.m," with an explanation for the rest of the neighborhood. "Waymo comes at all hours of the night and up to 7 times per hour with flashing lights and screaming reverse sounds, waking people up and destroying the quality of life."

SFGate reports that 1,400 people on Reddit upvoted a photo of the sign's text: It delves into the bureaucratic mess — multiple requests to Waymo, conversations with engineers, and 311 [municipal services] tickets, which had all apparently gone ignored — before finally providing instructions for human drivers. "Please move [the cones] back after you have entered so we can continue to try to block the Waymo cars from entering and disrupting the lives of residents."

This isn't the first time Waymo's autonomous vehicles have disrupted San Francisco residents' peace. Last year, a fleet of the robotaxis created another sleepless fiasco in the city's SoMa neighborhood, honking at each other for hours throughout the night for two and a half weeks.

Other on Reddit shared the concern. "I live at an dead end street in Noe Valley, and these Waymos always stuck there," another commenter posted. "It's been bad for more than a year," agreed another comment. "People on the Internet think you're just a hater but it's a real issue with Waymos."

On Thursday "the sign remained at the corner of Lake Street and Second Avenue," notes SFGate. And yet "something appeared to have shifted. "Waymo vehicles weren't allowing drop-offs or pickups on the street, though whether this was due to the home-printed plea, the cone blockage, or simply updating routes remains unclear."
Sony

Sony Applies to Establish National Crypto Bank, Issue Stablecoin for US Dollar (cryptonews.com) 44

An anonymous reader shared this report from Cryptonews: Sony has taken Wall Street by surprise after its banking division, Sony Bank, filed an application with the U.S. Office of the Comptroller of the Currency (OCC) to establish a national crypto bank under its subsidiary "Connectia Trust." The move positions the Japanese tech giant to become one of the first major global corporations to issue a U.S. dollar-backed stablecoin through a federally regulated institution. The application outlines plans to issue a U.S. dollar-pegged stablecoin, maintain the reserve assets backing it, and provide digital asset custody and management services.

The filing places Sony alongside an elite list of firms, including Coinbase, Circle, Paxos, Stripe, and Ripple, currently awaiting OCC approval to operate as national digital banks. If approved, Sony would become the first major global technology company to receive a U.S. bank charter specifically tied to stablecoin issuance....

The Office of the Comptroller of the Currency "has received over 15 applications from fintech and crypto entities seeking trust charters," according to the article, calling it "a sign of renewed regulatory openness" under the office's new chief, a former blockchain executive.

Meanwhile, the United States has also "conditionally given the nod to a new cryptocurrency-focused national bank launched by California tech billionaire Palmer Luckey," reports SFGate: To bring the bank to life, Luckey joined forces with JoeLonsdale, co-founder of Palantir and venture firm 8VC, and financial backer and fellow Palantir co-founder Peter Thiel, according to the Financial Times. Luckey conceived the idea for Erebor following the collapse of the Silicon Valley Bank in 2023, the Financial Times reported. The bank's name draws inspiration from J.R.R. Tolkien's "The Hobbit," referring to another name for the Lonely Mountain in the novel...

The OCC said it applied the "same rigorous review and standards" used in all charter applications. The ["preliminary"] approval was granted in just four months; however, compliance and security checks are expected to take several more months before the new bank can open.

"I am committed to a dynamic and diverse federal banking system," America's Comptroller of the Currency said Wednesday, "and our decision today is a first but important step in living up to that commitment."

"Permissible digital asset activities, like any other legally permissible banking activity, have a place in the federal banking system if conducted in a safe and sound manner. The OCC will continue to provide a path for innovative approaches to financial services to ensure a strong, diverse financial system that remains relevant over time."
AI

AI Slop? Not This Time. AI Tools Found 50 Real Bugs In cURL (theregister.com) 92

The Register reports: Over the past two years, the open source curl project has been flooded with bogus bug reports generated by AI models. The deluge prompted project maintainer Daniel Stenberg to publish several blog posts about the issue in an effort to convince bug bounty hunters to show some restraint and not waste contributors' time with invalid issues. Shoddy AI-generated bug reports have been a problem not just for curl, but also for the Python community, Open Collective, and the Mesa Project.

It turns out the problem is people rather than technology. Last month, the curl project received dozens of potential issues from Joshua Rogers, a security researcher based in Poland. Rogers identified assorted bugs and vulnerabilities with the help of various AI scanning tools. And his reports were not only valid but appreciated. Stenberg in a Mastodon post last month remarked, "Actually truly awesome findings." In his mailing list update last week, Stenberg said, "most of them were tiny mistakes and nits in ordinary static code analyzer style, but they were still mistakes that we are better off having addressed. Several of the found issues were quite impressive findings...."

Stenberg told The Register that about 50 bugfixes based on Rogers' reports have been merged. "In my view, this list of issues achieved with the help of AI tooling shows that AI can be used for good," he said in an email. "Powerful tools in the hand of a clever human is certainly a good combination. It always was...!" Rogers wrote up a summary of the AI vulnerability scanning tools he tested. He concluded that these tools — Almanax, Corgea, ZeroPath, Gecko, and Amplify — are capable of finding real vulnerabilities in complex code.

The Register's conclusion? AI tools "when applied with human intelligence by someone with meaningful domain experience, can be quite helpful."

jantangring (Slashdot reader #79,804) has published an article on Stenberg's new position, including recently published comments from Stenberg that "It really looks like these new tools are finding problems that none of the old, established tools detect."
AI

'Circular' AI Mega-Deals by AI and Hardware Giants are Raising Eyebrows (sfgate.com) 46

"Nvidia is investing billions in and selling chips to OpenAI, which is also buying chips from and earning stock in AMD," writes SFGate. "AMD sells processors to Oracle, which is building data centers with OpenAI — which also gets data center work from CoreWeave. And that company is partially owned by, yes, Nvidia.

"Taken together, it's a doozy." There are other collaborations and rivalries and many other factors at play, but OpenAI is the many-tentacled octopus in the middle, spinning its achievement of ChatGPT into a blitz of speculative investments. "We are in a phase of the build-out where the entire industry's got to come together and everybody's going to do super well," OpenAI CEO Sam Altman told the Wall Street Journal on Monday. "You'll see this on chips. You'll see this on data centers. You'll see this lower down the supply chain...."

Some worry that the more closely companies intertwine, the more susceptible they are to creating a bubble, or a market not actually supported by real consumer demand. "You don't have to be a skeptic about AI technology's promise in general to see this announcement as a troubling signal about how self-referential the entire space has become," Bespoke Investment Group wrote in a note to clients, per CNBC. "If NVDA has to provide the capital that becomes its revenues in order to maintain growth, the whole ecosystem may be unsustainable..."

Also, even with Nvidia's investment, AMD's shares and OpenAI's repeated fundraises, the ChatGPT-maker doesn't have the cash to meet all of these vast commitments. And if OpenAI's soaring projections about demand for AI computing don't bear out, there will be a lot of committed money — and a large share of the stock market — that would see its foundations topple.

Thanks to long-time Slashdot reader mspohr for sharing the news.
Biotech

California Biotech Tycoon Found Guilty of Orchestrating Rival's Murder (sfgate.com) 22

California biotech entrepreneur and former magician Serhat Gumrukcu has been found guilty of orchestrating the 2018 murder of his business rival Gregory Davis, who had threatened to expose Gumrukcu's fraudulent dealings. He faces sentencing in November. SFGATE reports: Seven years ago, Turkish national Serhat Gumrukcu, 42, of Los Angeles, was negotiating a multimillion-dollar biotech merger built off his work on a supposed HIV cure. The deal was put in jeopardy by a former business partner named Gregory Davis, 49, who had threatened to bring legal action against Gumrukcu for fraudulent activities relating to a previous failed oil commodities deal, the U.S. Attorney's Office said in a news release last week. Gumrukcu, a magician-turned-scientist who admitted to buying his medical degree from a Russian university, lived in a Hollywood mansion and partied with Oscar winners and movie producers, according to VTDigger. He stood to make millions from the merger of his biotech company Enochian BioSciences. [...]

In 2017, upon learning that Davis, a father of six from Danville, Vermont, could potentially spoil his fortune-making deal, Gumrukcu set in motion a hit on the former business partner. The murder-for-hire plot involved four men in total, prosecutors said. Gumrukcu had a close friend from Las Vegas, Berk Eratay, approach a third man, Aron Ethridge to find a hit man to kill Davis. The shooter, 37-year-old Montana man Jerry Banks, arrived at Davis' home on Jan. 6, 2018, in a vehicle fitted with flashing red and blue lights and posed as a deputy U.S. marshal. After abducting Davis, Banks shot him dead in the vehicle and left the body partially buried in a snowbank nearby.

Investigators soon narrowed in on Gumrukcu after discovering emails between him and Davis revealing tensions over the failed oil deal. Gumrukcu was interviewed twice by the FBI and made false statements on both occasions, federal prosecutors said. Further inspection of cellphone data, bank information and messages identified the four men involved in the kidnapping and killing of Davis.

AI

Bay Area University Issues Warning Over Man Using Meta AI Glasses On Campus 131

The University of San Francisco issued a campuswide alert after reports of a man using Meta Ray-Ban AI glasses to film students while making "unwanted comments and inappropriate dating questions." Although no violence has been reported, officials said he may be uploading footage to TikTok and Instagram. SFGate reports: University officials said "no threats or acts of violence" have been reported, but they have been unable to identify all students who appear in the videos. They urged any school members affected to alert the app platform and the USF Department of Public Safety. "As a community, we share the responsibility of caring for ourselves, each other, and this place," school officials said in the alert. "By looking out for one another and promptly reporting concerns, we help ensure a safe and supportive environment for all."

The glasses feature a small camera that can be used for recording by pressing a button or using voice controls. Meta advises users to act "responsibly" when using the glasses. "Not everyone loves being photographed. Stop recording if anyone expresses that they would rather opt out, and be particularly mindful of others before going live," the company said.

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