Firms like Bank of America, Citi, Wells Fargo, and others are reporting strong profits while reducing head count and automating more work. "All of them credited A.I. to some degree ... in areas ranging from the so-called back office, where tens of thousands of employees fill out paperwork to comply with various laws and regulations, to the front office, where seven-figure salaried professionals put together complicated financial transactions for corporate clients," reports the New York Times. From the report: Less than four months ago, Bank of America's chief executive, Brian T. Moynihan, volunteered in a TV interview what he would say to his 210,000 employees about the chance of artificial intelligence replacing human work. "You don't have to worry," he said. "It's not a threat to their jobs." Last week, after Bank of America reported $8.6 billion in profit for the first quarter -- $1.6 billion more than the same period a year earlier -- Mr. Moynihan struck a different tone. The bank's bottom line, he said, was helped by shedding 1,000 jobs through attrition by "eliminating work and applying technology," which he repeatedly specified was artificial intelligence. He predicted more of that in the months and years to come. "A.I. gives us places to go we haven't gone," Mr. Moynihan said.

The veneer of Wall Street's longstanding assertion -- that A.I. will enhance human work, not replace it -- is rapidly peeling away, as evidenced by the current quarterly earnings season. JPMorgan Chase, Citi, Bank of America, Goldman Sachs, Morgan Stanley and Wells Fargo racked up $47 billion in collective profits, up 18 percent, while shedding 15,000 employees. All of them credited A.I. to some degree with helping cut jobs and automate work in areas ranging from the so-called back office, where tens of thousands of employees fill out paperwork to comply with various laws and regulations, to the front office, where seven-figure salaried professionals put together complicated financial transactions for corporate clients.

Unlike executives in Silicon Valley, few major financial figures are stating outright that A.I. is eliminating jobs. Citi, for example, has pledged to shrink its work force by 20,000 people through what one executive described to financial analysts last week as the company's "productivity and efficiency journey." The bank is paying for A.I. software from Anthropic, Google, Microsoft and OpenAI, to automatically read legal documents, approve account openings, send invoices for trades and organize sensitive customer data, among other tasks, according to public statements by bank executives and two people familiar with Citi's systems. Among the recent job cuts at Citi were scores of employees who were part of the bank's "A.I. Champions and Accelerators" program, according to the two people, who were not permitted by the bank to speak publicly. The program involves Citi employees who perform their day jobs while also working to persuade their colleagues to adopt A.I. technologies.

Reuters reports that Meta plans to start collecting U.S.-based employees' mouse movements, clicks, keystrokes, and occasional screen snapshots to train AI agents that can better learn how humans use computers. The tool, called Model Capability Initiative (MCI), will reportedly "not be used for performance assessments or any other purpose besides model training and that safeguards were in place to protect 'sensitive content.'" From the report: Meta CTO Andrew Bosworth told employees in a separate memo shared on Monday that the company would step up internal data collection as part of those "AI for Work" efforts, now re-branded as Agent Transformation Accelerator (ATA). "The vision we are building towards is one where our agents primarily do the work and our role is to direct, review and help them improve," Bosworth said. The aim, he added, was for agents to "automatically see where we felt the need to intervene so they can be better next time." Bosworth did not explicitly spell out how those agents would be trained, but said Meta would be "rigorous" about "building up data and evals for all the types of interactions we have as we go about our work."

Meta spokesperson Andy Stone acknowledged that the MCI data would be among the inputs. [...] "If we're building agents to help people complete everyday tasks using computers, our models need real examples of how people "actually use them -- things like mouse movements, clicking buttons, and navigating dropdown menus," said Stone.

An anonymous reader quotes a report from Bloomberg: At Google, leaders are anxious about falling behind in the race to offer AI coding tools, especially as rivals like Anthropic PBC offer more effective and popular tools to businesses, according to people familiar with the matter. The search giant is now working to unite some of its coding initiatives under one banner to speed progress and take advantage of a surge in customer interest. In some corners of Alphabet's Google, particularly AI lab DeepMind, concerns about the company's position are mounting, according to current and former employees and executives, who declined to be named because they weren't authorized to speak publicly.

Businesses are just starting to realize that AI coding tools can enable anyone to build products by prompting a chatbot. But Google doesn't have a clear solution for them. Its Gemini model's capabilities are sprinkled across half a dozen different coding products with different branding, indicating how the company's lack of focus and competing internal efforts have hampered success, the people said. Even internally, some Google engineers prefer to use Anthropic's Claude Code, they said. More concerning, the people said, are the engineers who are struggling to adopt AI coding at all. [...] Google's emphasis on its own technology has also complicated the push to catch up. Most employees are banned from using competing tools such as Claude Code or Codex due to security concerns, but Googlers can request exceptions if they can demonstrate they have a business case, one former employee said. Some teams at DeepMind, including those working on the Gemini model, internal applications, and open source models, use Claude Code, according to three former employees. "You want the best people to use the best tool, even inside Google," one of the former employees said. [...]

In recent years, DeepMind has tried to tighten control over how its AI breakthroughs are woven into Google products. Last year, Google appointed Kavukcuoglu to a new position as chief AI architect, a role in which he is charged with folding generative AI into Google products. Yet confusion about who is leading the charge on AI coding persists. Along with DeepMind, Google Cloud, Google Core, Google Labs and Android are all pushing AI coding in different ways, one of the people said. [...] Within the Googleplex, there is a philosophical clash between AI researchers who want to move as quickly as possible and more traditional senior engineers who have exacting standards for code quality, former employees say. AI usage is factored into performance reviews, according to a former employee. But engineers who try to use internal AI coding tools often hit capacity constraints due to competition for computing power, the former employee said.

Microsoft is cutting the monthly price of Xbox Game Pass Ultimate and PC Game Pass, but the tradeoff is that new Call of Duty releases will no longer arrive on the service at launch. Instead, they'll show up about a year later. The Verge reports: After Xbox CEO Asha Sharma admitted last week that "Game Pass has become too expensive for players," Microsoft is dropping the price of Xbox Game Pass Ultimate and PC Game Pass. Starting today, Xbox Game Pass Ultimate drops from $29.99 to $22.99 a month, and PC Game Pass moves to $13.99, down from $16.49 a month.

The price drops are being fueled in part by future of Call of Duty titles no longer joining Game Pass Ultimate or PC Game Pass at launch. "New Call of Duty games will be added to Game Pass Ultimate and PC Game Pass during the following holiday season (about a year later), while existing Call of Duty titles already in the library will continue to be available," says Microsoft.

The IEA says 2025 marked a turning point for global energy, with solar posting the largest growth ever seen for any energy source and helping carbon-free power outpace rising demand. The trend led the agency to declare that the world has entered the "Age of Electricity." Ars Technica reports: The IEA report covers energy use, including the electrical grid, transportation, home heating, and other forms of consumption. As such, it can track how some of those uses are shifting, as electric vehicles displace some gasoline use and heat pumps replace gas and oil heating. It also saw a more global trend: The demand for electricity grew at twice the rate of overall energy demand. All of these went into the conclusion that we're starting the Age of Electricity. In terms of specifics, the IEA saw electric vehicle demand rise by nearly 40 percent, with electric car sales being a quarter of the total of cars sold last year. While that's having a measurable effect on electricity demand, it remains relatively small at the moment. It's almost certain to be contributing to the size of the rise in oil use last year: 0.7 percent. In absolute terms, that's less than half the average rise of the previous decade.

[...] When it comes to supplying electrons for those alternatives, the central story is solar power. "The absolute increase of solar PV generation in 2025 is the largest ever observed for any source," the IEA says, "excluding years marked by rebounds from global economic shocks such as COVID-19." In other words, with nothing in particular driving the energy markets in 2025, Solar's growth was unprecedented. On its own, its growth covered a quarter of the rising demand for all forms of energy. If you limit it to electricity, increased solar production covered over two-thirds of the increased demand. Overall, solar generated over 2,700 terawatt-hours last year, more than double its output from three years earlier. It now accounts for over 8 percent of the world's total electricity production. Thirty individual countries installed at least a gigawatt of solar last year, and it is now the single largest grid source by capacity (though other sources still outproduce it at the moment).

An anonymous reader quotes a report from Denver7: Maryland is poised to become the first state in the country to ban "surveillance pricing." The practice refers to companies using a shopper's personal data, such as browsing history, location, or purchasing behavior, to tailor prices to individual customers. The Protection From Predatory Pricing Act, passed this month and sent to the governor for a signature, would prohibit food retailers and third-party delivery services from using the practice. Violations would be treated as deceptive trade practices under state law, with potential fines and lawsuits. While Consumer Reports called the move "encouraging," it warned that the final version contains "loopholes" that don't fully protect consumers. Some of the exemptions noted in the report include "applying the ban only to the use of personal data to set higher prices without establishing a baseline or standard price; exempting pricing tied to loyalty or membership programs, even if prices are higher; and exempting pricing linked to subscriptions or subscription-based services."

Amazon is expanding its Anthropic partnership with a deal to invest up to another $25 billion, while Anthropic commits to spending more than $100 billion on AWS infrastructure over the next decade to power Claude. "Anthropic's commitment to run its large language models on AWS Trainium for the next decade reflects the progress we've made together on custom silicon, as we continue delivering the technology and infrastructure our customers need to build with generative AI," Amazon CEO Andy Jassy said in a statement. CNBC reports: Amazon's investment includes $5 billion into Anthropic now, with up to $20 billion in the future tied to "certain commercial milestones," according to a release. The initial investment is at Anthropic's latest valuation of $380 billion. Anthropic said in the release that it will bring nearly 1 gigawatt total of Trainium2 and Trainium3 capacity online by the end of the year.

With all of the major hyperscalers competing to build out AI capacity as quickly as possible, Amazon said in February that it expects to shell out roughly $200 billion this year on capital expenditures, mostly on AI infrastructure.

NASA astronaut Reid Wiseman posted an out-of-this-world iPhone video on Sunday, showing Earth disappear behind the Moon at 8x zoom. "I could barely see the Moon through the docking hatch window but the iPhone was the perfect size to catch the view," said Wiseman, noting that this video is "uncropped, uncut with 8x zoom" and "quite comparable to the view of the human eye." The New York Times says the video marks the first time an "Earthset" has been captured on video.

"We've seen our fair share of remarkable images and videos from NASA's Artemis II mission around the Moon. Some of those were even captured on iPhone," notes 9to5Mac. "But Reid Wiseman, astronaut and commander for the Artemis II mission, just posted a new video that might take the crown for the most impressive yet."

A new email from Sony says that PlayStation will require players to verify their age later this year to keep using communication features like messages and voice chat. Insider-Gaming reports: The initiative comes from the goal of providing "safe, age-appropriate experiences for players and families while respecting their privacy" and providing "meaningful control over their gaming experiences." The age-verification process will be implemented globally, and players will need to verify their age to continue using PlayStation communication services, such as messages and voice chat. If the player opts not to verify their age, they can still use other services, such as games, trophies, and the store. Only the communication experience will be affected if you choose not to verify your age. PlayStation didn't provide a date for when players will need to begin the verification process.

An anonymous reader quotes a report from the Guardian: A ban on mobile phones in schools in England is to be introduced by the government to ensure that "critical safeguarding legislation" is passed. The government will table an amendment to the children's wellbeing and schools bill in the House of Lords after the bill was held up by peers on opposition benches. It will make existing guidance on mobile phone bans in schools statutory, a move that ministers have resisted until now.

The government had consistently argued that the vast majority of schools had already banned mobile phones, and that there was no need to add a legal requirement. They finally capitulated, however, describing it as "a pragmatic measure" to get the bill through. [...] The bill is regarded by many as the biggest piece of child protection legislation in decades and includes proposals for a compulsory register for children who are not in school, a crackdown on profiteering in children's social care, and a "single unique identifier" to help agencies track a child's welfare.

Apple announced that Tim Cook will step down as CEO in September after 15 years in the role, handing the job to hardware chief John Ternus. Longtime Slashdot reader sinij shares the news from MarketWatch: Cook leaves an impressive legacy after growing the company to a $4 trillion market capitalization from just $300 billion 15 years ago. Over Cook's 15-year tenure as CEO, Apple's stock has risen 1,932%, beating the S&P 500's 504% increase, according to Dow Jones Market Data. That places Apple's stock as the 38th best-performing member of the index over that period of time.

Cook had big shoes to fill, replacing Apple's iconic founder, Steve Jobs, as CEO. Cook's successor, John Ternus, Apple's senior vice president of hardware engineering, will need to guide Apple's through uncharted waters as the company navigates its artificial-intelligence transition and supply-chain constraints. Cook will remain at Apple as executive chairman. "It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company. I love Apple with all of my being, and I am so grateful to have had the opportunity to work with a team of such ingenious, innovative, creative, and deeply caring people who have been unwavering in their dedication to enriching the lives of our customers and creating the best products and services in the world," said Cook.

"John Ternus has the mind of an engineer, the soul of an innovator, and the heart to lead with integrity and with honor. He is a visionary whose contributions to Apple over 25 years are already too numerous to count, and he is without question the right person to lead Apple into the future. I could not be more confident in his abilities and his character, and I look forward to working closely with him on this transition and in my new role as executive chairman."

As for Ternus' replacement, the role of Chief Hardware Officer will be awarded to Apple executive Johny Srouji. "Srouji, who most recently served as senior vice president of Hardware Technologies, will assume an expanded role leading Hardware Engineering, which John Ternus most recently oversaw, as well as the hardware technologies organization," said Apple in a press release.

Alex Bores, a former Palantir employee and current Democratic House candidate in New York, is proposing an "AI dividend" that would send direct payments to Americans if AI drives major job losses. "At its core, the AI Dividend is simple: if AI dramatically increases productivity and concentrates wealth, the American people have a stake in those gains," a memo on the policy reads. Axios reports: The dividend would fund direct payments to Americans. It would also be invested into workforce training and education, as well as government capacity to "govern AI safely and fund independent oversight," per the plan memo.

"You don't take out fire insurance because you expect your house to burn down -- you have insurance in case something goes awry," Bores told Axios in an interview. "Here we have, for the first time, a technology where the makers of the technology are explicitly saying that their goal is to replace all human labor." "The fact that they've put it out there means government needs to take it seriously." [...]

The proposal would be funded through:
- A token tax, described in the memo as a "modest tax on AI consumption"
- Equity participation in frontier AI firms
- Changes to the tax code that would reduce incentives to invest in AI "when it leads to less work" "If [AI companies] they can support this plan, that would show that they actually believe in what they're putting out there," Bores said. "If they're not doing it, then I think it shows that they're really putting window dressing out there."

Further reading: Palantir Posts Bond Villain Manifesto On X

Deezer says AI-generated songs now make up 44% of all new uploads to its platform, with nearly 75,000 arriving each day and more than two million per month. The company notes that consumption of these tracks is still very low, "between 1-3% of the total streams," and 85% are flagged as fraudulent. TechCrunch reports: The latest figure from Deezer highlights a continuous surge in AI-generated music uploads to the platform. Deezer reported receiving around 60,000 AI tracks per day in January, up from 50,000 in November, 30,000 in September, and just 10,000 in January 2025, when it first launched its AI-music detection tool.

Songs tagged as AI-generated on Deezer are automatically removed from algorithmic recommendations and not included in editorial playlists. The company announced today that it will no longer store hi-res versions of AI tracks. "AI-generated music is now far from a marginal phenomenon and as daily deliveries keep increasing, we hope the whole music ecosystem will join us in taking action to help safeguard artists' rights and promote transparency for fans," said Deezer CEO Alexis Lanternier in a press release. "Thanks to our technology and the proactive measures we put in place more than a year ago, we have shown that it's possible to reduce AI-related fraud and payment dilution in streaming to a minimum."

"After a Supreme Court of the United States ruling in Feb. 2026, many tariffs imposed by the Trump administration were declared illegal because the president overstepped his authority," writes Slashdot reader hcs_$reboot. "As a result, the U.S. government now has to refund a massive amount of money, around $160-170+ billion, paid mainly by importers." According to the New York Times, the administration has now begun accepting refund requests, "surrendering its prized source of revenue -- plus interest." From the report: For some U.S. businesses, the highly anticipated refunds could be substantial, offering critical if belated financial relief. Tariffs are taxes on imports, so the president's trade policies have served as a great burden for companies that rely on foreign goods. Many have had to choose whether to absorb the duties, cut other costs or pass on the expenses to consumers. By Monday morning, those companies can begin to submit documentation to the government to recover what they paid in illegal tariffs.

In a sign of the demand, more than 3,000 businesses, including FedEx and Costco, have already sued the Trump administration in a bid to secure their refunds, with some cases filed even before the Supreme Court's ruling. But only the entities that officially paid the tariffs are eligible to recover that money. That means that the fuller universe of people affected by Mr. Trump's policies -- including millions of Americans who paid higher prices for the products they bought -- are not able to apply for direct relief.

The extent to which consumers realize any gain hinges on whether businesses share the proceeds, something that few have publicly committed to do. Some have started to band together in class-action lawsuits in the hopes of receiving a payout. Many business owners said they weren't sure how easy the tariff refund process would be, particularly given Mr. Trump's stated opposition to returning the money. The administration has suggested that it may be months before companies see any money. Adding to the uncertainty, the White House has declined to say if it might still try to return to court in a bid to halt some or all of the refunds. The money will mostly go to importers and companies, since they were the ones that directly paid the tariffs. While individual refunds with interest could take around 60 to 90 days to process, the overall effort will probably move much more slowly because of how large and complicated it will be.

There are also legal questions around whether companies would have to pass any of that money on to consumers. Slashdot reader AmiMoJo commented: "This is perhaps the biggest transfer of wealth in American history. Most of those companies will just pocket the refund and not pass any of it on to the consumer. If prices go down at all, they won't be back to pre-tariff levels. You paid the tariffs, but you ain't getting the refund."

DeanonymizedCoward writes: Engadget reports that Palantir has posted to X a summary of CEO Alex Karp and Nicholas W. Zamiska's 2025 book, The Technological Republic, which reads like a utopian idealist doodled on a Bond villain's whiteboard. While the post makes some decent points, it also highlights the Big-AI attitude that the AI surveillance state is in fact a good thing, and strongly implies that the Good Guys need to do war crimes before the Bad Guys get around to it. "The ability of free and democratic societies to prevail requires something more than moral appeal," one of the 22 points states. "It requires hard power, and hard power in this century will be built on software."

The book is billed as "a passionate call for the West to wake up to our new reality," and other excerpts in the social media post include assertions such as: "Free email is not enough. The decadence of a culture or civilization, and indeed its ruling class, will be forgiven only if that culture is capable of delivering economic growth and security for the public"; "National service should be a universal duty"; "The postwar neutering of Germany and Japan must be undone"; and "Some cultures have produced vital advances; others remain dysfunctional and regressive."

The statement criticizes the West's resistance to "defining national cultures in the name of inclusivity," as well as the treatment of billionaires and the "ruthless exposure of the private lives of public figures."