The Federal Deposit Insurance Corp. on Tuesday proposed a new rule forcing banks to keep detailed records for customers of fintech apps after the failure of tech firm Synapse resulted in thousands of Americans being locked out of their accounts. From a report: The rule, aimed at accounts opened by fintech firms that partner with… Read More »
Luxury camera maker Leica Camera reported record sales in 2023, defying the global decline in digital camera demand. The German company’s Q3 model, priced at $6,000, saw six-month waiting lists upon release last year. Industry data shows premium camera sales are surging as smartphone photography dominates the consumer market, Economist writes. The Camera and Imaging… Read More »
Bruce66423 writes: Allowing flexible working and working from home creates a more productive, loyal workforce, the business secretary has said. In an interview with the Times, Jonathan Reynolds said employers “need to judge people on outcomes and not a culture of presenteeism.” Labour is poised to unveil its Employment Rights Bill, which includes measures such… Read More »
China’s internet regulator has proposed a strict regime that will, if adopted, require digital platforms to label content created by AI. From a report: The Cyberspace Administration of China announced its draft plan, which will require platforms and online service providers to label all AI-generated material with a visible logo and with metadata embedded in… Read More »
Google’s acquisition strategy in online advertising has come under scrutiny in the U.S. antitrust trial against the tech giant. Neal Mohan, YouTube CEO and former Google ad executive, defended the company’s purchases of DoubleClick and Admeld, saying they were aimed at competing, not neutralizing rivals. The Justice Department alleges Google built an impenetrable ad empire… Read More »
An anonymous reader quotes a report from Wired: Eric and Donald Trump Jr., the sons of former president Donald Trump, have pledged to “make finance great again” with a new family-run crypto endeavor called World Liberty Financial. Introduced in a meandering livestream on X Monday, the Trump family and their associates described World Liberty Financial… Read More »
Google is updating the post-quantum cryptography in Chrome, replacing the experimental Kyber with the fully standardized Module Lattice Key Encapsulation Mechanism (ML-KEM) to enhance protection against quantum computing attacks. BleepingComputer reports: This change comes roughly five months after Google rolled out the post-quantum secure TLS key encapsulation system on Chrome stable for all users, which… Read More »
Google’s philanthropic arm is partially funding a new initiative that “aims to deploy more than 50 small satellites in low-Earth orbit to pinpoint flare-ups as small as a classroom anywhere in the world,” reports Ars Technica. From the report: The FireSat constellation, managed by a nonprofit called Earth Fire Alliance (EFA), will be the first… Read More »
An anonymous reader quotes a report from the New York Times: Scientists who helped pioneer artificial intelligence are warning that countries must create a global system of oversight to check the potentially grave risks posed by the fast-developing technology. The release of ChatGPT and a string of similar services that can create text and images… Read More »
Former MoviePass CEO Mitch Lowe pleaded guilty to securities fraud, admitting he misled investors about the viability of the company’s $9.95-a-month movie subscription service, and faces up to five years in prison. His co-defendant, former Helios and Matheson CEO Ted Farnsworth, faces similar charges and is scheduled for trial in March 2025; Farnsworth has been… Read More »