The U.S. and China "are racing to build a truly useful humanoid worker," the Wall Street Journal wrote Saturday, adding that "Whoever wins could gain a huge edge in countless industries."

"The time has come for robots," Nvidia's chief executive said at a conference in March, adding "This could very well be the largest industry of all." China's government has said it wants the country to be a world leader in humanoid robots by 2027. "Embodied" AI is listed as a priority of a new $138 billion state venture investment fund, encouraging private-sector investors and companies to pile into the business. It looks like the beginning of a familiar tale. Chinese companies make most of the world's EVs, ships and solar panels — in each case, propelled by government subsidies and friendly regulations. "They have more companies developing humanoids and more government support than anyone else. So, right now, they may have an edge," said Jeff Burnstein [president of the Association for Advancing Automation, a trade group in Ann Arbor, Michigan]....

Humanoid robots need three-dimensional data to understand physics, and much of it has to be created from scratch. That is where China has a distinct edge: The country is home to an immense number of factories where humanoid robots can absorb data about the world while performing tasks. "The reason why China is making rapid progress today is because we are combining it with actual applications and iterating and improving rapidly in real scenarios," said Cheng Yuhang, a sales director with Deep Robotics, one of China's robot startups. "This is something the U.S. can't match." UBTech, the startup that is training humanoid robots to sort and carry auto parts, has partnerships with top Chinese automakers including Geely... "A problem can be solved in a month in the lab, but it may only take days in a real environment," said a manager at UBTech...

With China's manufacturing prowess, a locally built robot could eventually cost less than half as much as one built elsewhere, said Ming Hsun Lee, a Bank of America analyst. He said he based his estimates on China's electric-vehicle industry, which has grown rapidly to account for roughly 70% of global EV production. "I think humanoid robots will be another EV industry for China," he said. The UBTech robot system, called Walker S, currently costs hundreds of thousands of dollars including software, according to people close to the company. UBTech plans to deliver 500 to 1,000 of its Walker S robots to clients this year, including the Apple supplier Foxconn. It hopes to increase deliveries to more than 10,000 in 2027.

Few companies outside China have started selling AI-powered humanoid robots. Industry insiders expect the competition to play out over decades, as the robots tackle more-complicated environments, such as private homes.
The article notes "several" U.S. humanoid robot producers, including the startup Figure. And robots from Amazon's Agility Robotics have been tested in Amazon warehouses since 2023. "The U.S. still has advantages in semiconductors, software and some precision components," the article points out.

But "Some lawmakers have urged the White House to ban Chinese humanoids from the U.S. and further restrict Chinese robot makers' access to American technology, citing national-security concerns..."

Slashdot reader jrnvk writes: The Verge is reporting that Microsoft will soon make it harder to run the well-publicized bypassnro command in Windows 11 setup. This command allows skipping the Microsoft account and online connection requirements on install. While the command will be removed, it can still be enabled by a regedit change — for now.
"However, there's no guarantee Microsoft will allow this additional workaround for long," writes the Verge. (Though they add "There are other workarounds as well" involving the unattended.xml automation.) In its latest Windows 11 Insider Preview, the company says it will take out a well-known bypass script... Microsoft cites security as one reason it's making this change. ["This change ensures that all users exit setup with internet connectivity and a Microsoft Account."] Since the bypassnro command is disabled in the latest beta build, it will likely be pushed to production versions within weeks.

The giant financial news site Bloomberg "has been experimenting with using AI to help produce its journalism," reports the New York Times. But "It hasn't always gone smoothly."

While Bloomberg announced on January 15 that it would add three AI-generated bullet points at the top of articles as a summary, "The news outlet has had to correct at least three dozen A.I.-generated summaries of articles published this year." (This Wednesday they published a "hallucinated" date for the start of U.S. auto tariffs, and earlier in March claimed president Trump had imposed tariffs on Canada in 2024, while other errors have included incorrect figures and incorrect attribution.) Bloomberg is not alone in trying A.I. — many news outlets are figuring out how best to embrace the new technology and use it in their reporting and editing. The newspaper chain Gannett uses similar A.I.-generated summaries on its articles, and The Washington Post has a tool called "Ask the Post" that generates answers to questions from published Post articles. And problems have popped up elsewhere. Earlier this month, The Los Angeles Times removed its A.I. tool from an opinion article after the technology described the Ku Klux Klan as something other than a racist organization.

Bloomberg News said in a statement that it publishes thousands of articles each day, and "currently 99 percent of A.I. summaries meet our editorial standards...." The A.I. summaries are "meant to complement our journalism, not replace it," the statement added....

John Micklethwait, Bloomberg's editor in chief, laid out the thinking about the A.I. summaries in a January 10 essay, which was an excerpt from a lecture he had given at City St. George's, University of London. "Customers like it — they can quickly see what any story is about. Journalists are more suspicious," he wrote. "Reporters worry that people will just read the summary rather than their story." But, he acknowledged, "an A.I. summary is only as good as the story it is based on. And getting the stories is where the humans still matter."
A Bloomberg spokeswoman told the Times that the feedback they'd received to the summaries had generally been positive — "and we continue to refine the experience."

As Rust approaches its 10th anniversary, "there is an important piece of documentation missing that many other languages provide," notes the Rust Foundation.

While there's documentation and tutorials — there's no official language specification: In December 2022, an RFC was submitted to encourage the Rust Project to begin working on a specification. After much discussion, the RFC was approved in July 2023, and work began.

Initially, the Rust Project specification team (t-spec) were interested in creating the document from scratch using the Rust Reference as a guiding marker. However, the team knew there was already an external Rust specification that was being used successfully for compiler qualification purposes — the FLS.
Thank Berlin-based Ferrous Systems, a Rust-based consultancy who assembled that description "some years ago," according to a post on the Rust blog: They've since been faithfully maintaining and updating this document for new versions of Rust, and they've successfully used it to qualify toolchains based on Rust for use in safety-critical industries. [The Rust Foundation notes it part of the consultancy's "Ferrocene" Rust compiler/toolchain.] Seeing this success, others have also begun to rely on the FLS for their own qualification efforts when building with Rust.
The Rust Foundation explains: The FLS provides a structured and detailed reference for Rust's syntax, semantics, and behavior, serving as a foundation for verification, compliance, and standardization efforts. Since Rust did not have an official language specification back then, nor a plan to write one, the FLS represented a major step toward describing Rust in a way that aligns with industry requirements, particularly in high-assurance domains.
And the Rust Project is "passionate about shipping high quality tools that enable people to build reliable software at scale," adds the Rust blog. So... It's in that light that we're pleased to announce that we'll be adopting the FLS into the Rust Project as part of our ongoing specification efforts. This adoption is being made possible by the gracious donation of the FLS by Ferrous Systems. We're grateful to them for the work they've done in assembling the FLS, in making it fit for qualification purposes, in promoting its use and the use of Rust generally in safety-critical industries, and now, for working with us to take the next step and to bring the FLS into the Project.

With this adoption, we look forward to better integrating the FLS with the processes of the Project and to providing ongoing and increased assurances to all those who use Rust in safety-critical industries and, in particular, to those who use the FLS as part of their qualification efforts.
More from the Rust Foundation: The t-spec team wanted to avoid potential confusion from having two highly visible Rust specifications in the industry and so decided it would be worthwhile to try to integrate the FLS with the Rust Reference to create the official Rust Project specification. They approached Ferrous Systems, which agreed to contribute its FLS to the Rust Project and allow the Rust Project to take over its development and management... This generous donation will provide a clearer path to delivering an official Rust specification. It will also empower the Rust Project to oversee its ongoing evolution, providing confidence to companies and individuals already relying on the FLS, and marking a major milestone for the Rust ecosystem.

"I really appreciate Ferrous taking this step to provide their specification to the Rust Project," said Joel Marcey, Director of Technology at the Rust Foundation and member of the t-spec team. "They have already done a massive amount of legwork...." This effort will provide others who require a Rust specification with an official, authoritative reference for their work with the Rust programming language... This is an exciting outcome. A heartfelt thank you to the Ferrous Systems team for their invaluable contribution!
Marcey said the move allows the team "to supercharge our progress in the delivery of an official Rust specification."

And the co-founder of Ferrous Systems, Felix Gilcher, also sounded excited. "We originally created the Ferrocene Language Specification to provide a structured and reliable description of Rust for the certification of the Ferrocene compiler. As an open source-first company, contributing the FLS to the Rust Project is a logical step toward fostering the development of a unified, community-driven specification that benefits all Rust users."

A former Facebook director of global policy recently published "the book Meta doesn't want you to read," a scathing takedown of top Meta executives titled Careless People: A Cautionary Tale of Power, Greed, and Lost Idealism.

But Wednesday RestofWorld.org published additional thoughts from Meta's former head of public policy for Bangladesh (who is now an executive director at the nonprofit policy lab Tech Global Institute). Though their time at Facebook didn't overlap, they first applaud how the book "puts a face to the horrific events and dangerous decisions."

But having said that, "What struck me is that what isn't included in Careless People is more telling than what is." By 2012 — one year after joining Facebook — Wynn-Williams had ample evidence of the platform's role in enabling violence and harm upon its users, and state-sanctioned digital repression, yet her memoir neither mentions these events nor the repeated warnings to her team from civil society groups in Asia before the situation escalated... In recounting events, the author glosses over her own indifference to repeated warnings from policymakers, civil society, and internal teams outside the U.S. that ultimately led to serious harm to communities.

She briefly mentions how Facebook's local staff was held at gunpoint to give access to data or remove content in various countries — something that had been happening since as early as 2012. Yet, she failed to grasp the gravity of these risks until the possibility of her facing jail time arises in South Korea — or even more starkly in March 2016, when Facebook's vice president for Latin America, Diego Dzodan, was arrested in Brazil. Her delayed reckoning underscores how Facebook's leadership remains largely detached from real-world consequences of their decisions until they become impossible to ignore.

Perhaps because everyone wants to be a hero of their own story, Wynn-Williams frames her opposition to leadership decisions as isolated; in reality, powerful resistance had long existed within what Wynn-Williams describes as Facebook's "lower-level employees."
Yet "Despite telling an incomplete story, Careless People is a book that took enormous courage to write," the article concludes, calling it an important story to tell.

"It goes to show that we need many stories — especially from those who still can't be heard — if we are to meaningfully piece together the complex puzzle of one of the world's most powerful technology companies."

The New York Times notes that white-collar workers have faced higher unemployment than other groups in the U.S. over the past few years — along with slower wager growth.

Some economists wonder if this trend might be irreversible... and partly attributable to AI: After sitting below 4% for more than two years, the overall unemployment rate has topped that threshold since May... "We're seeing a meaningful transition in the way work is done in the white-collar world," said Carl Tannenbaum, the chief economist of Northern Trust. "I tell people a wave is coming...." Thousands of video game workers lost jobs last year and the year before... Unemployment in finance and related industries, while still low, increased by about a quarter from 2022 to 2024, as rising interest rates slowed demand for mortgages and companies sought to become leaner....

Overall, the latest data from the Federal Reserve Bank of New York show that the unemployment rate for college grads has risen 30% since bottoming out in September 2022 (to 2.6% from 2%), versus about 18% for all workers (to 4% from 3.4%). An analysis by Julia Pollak, chief economist of ZipRecruiter, shows that unemployment has been most elevated among those with bachelor's degrees or some college but no degree, while unemployment has been steady or falling at the very top and bottom of the education ladder — for those with advanced degrees or without a high school diploma. Hiring rates have slowed more for jobs requiring a college degree than for other jobs, according to ADP Research, which studies the labor market....

And artificial intelligence could reduce that need further by increasing the automation of white-collar jobs. A recent academic paper found that software developers who used an AI coding assistant improved a key measure of productivity by more than 25% and that the productivity gains appeared to be largest among the least experienced developers. The result suggested that adopting AI could reduce the wage premium enjoyed by more experienced coders, since it would erode their productivity advantages over novices... [A]t least in the near term, many tech executives and their investors appear to see AI as a way to trim their staffing. A software engineer at a large tech company who declined to be named for fear of harming his job prospects said that his team was about half the size it was last year and that he and his co-workers were expected to do roughly the same amount of work by relying on an AI assistant. Overall, the unemployment rate in tech and related industries jumped by more than half from 2022 to 2024, to 4.4% from 2.9%.
"Some economists say these trends may be short term in nature and little cause for concern on their own," the article points out (with one economist noting the unemployment rate is still low compared to historical averages).

Harvard labor economist Lawrence Katz even suggested the slower wage growth could reflect the discount that these workers accepted in return for being able to work from home.

Thanks to Slashdot reader databasecowgirl for sharing the article.

"After a long run, Google is sunsetting two of its signature Nest products," reports PC World: Google has just announced that it's discontinuing the 10-year-old Nest Protect and the 7-year-old Nest x Yale lock. Both of those products will continue to work, and — for now — they remain on sale at the Google Store, complete with discounts until supplies run out. But while Google itself is exiting the smoke alarm and smart lock business, it isn't leaving Google Home users in the lurch. Instead, it's teeing up third-party replacements for the Nest Protect and Nest X Yale lock, with both new products coming from familiar brands... Capable of being unlocked via app, entry code, or a traditional key, the Yale Smart Lock with Matter is set to arrive this summer, according to Yale.

While both the existing Nest Protect and Nest x Yale lock will continue to operate and receive security patches, those who purchased the second-generation Nest Protect near its 2015 launch date should probably replace the product anyway. That's because the CO sensors in carbon monoxide detectors like the Nest Protect have a roughly 10-year life expectancy.

Nest Protect and the Nest X Yale lock were two of the oldest products in Google's smart home lineup, and both were showing their age.

Cloud providers like the security of running things in virtual machines "at scale" — even though VMs "are not known for having fast cold starts or a small footprint..." noted Microsoft's Open Source blog last November. So Microsoft's Azure Core Upstream team built an open source Rust library called Hyperlight "to execute functions as fast as possible while isolating those functions within a VM."

But that was just the beginning... Then, we showed how to run Rust functions really, really fast, followed by using C to [securely] run Javascript. In February 2025, the Cloud Native Computing Foundation (CNCF) voted to onboard Hyperlight into their Sandbox program [for early-stage projects].

[This week] we're announcing the release of Hyperlight Wasm: a Hyperlight virtual machine "micro-guest" that can run wasm component workloads written in many programming languages...

Traditional virtual machines do a lot of work to be able to run programs. Not only do they have to load an entire operating system, they also boot up the virtual devices that the operating system depends on. Hyperlight is fast because it doesn't do that work; all it exposes to its VM guests is a linear slice of memory and a CPU. No virtual devices. No operating system. But this speed comes at the cost of compatibility. Chances are that your current production application expects a Linux operating system running on the x86-64 architecture (hardware), not a bare linear slice of memory...

[B]uilding Hyperlight with a WebAssembly runtime — wasmtime — enables any programming language to execute in a protected Hyperlight micro-VM without any prior knowledge of Hyperlight at all. As far as program authors are concerned, they're just compiling for the wasm32-wasip2 target... Executing workloads in the Hyperlight Wasm guest isn't just possible for compiled languages like C, Go, and Rust, but also for interpreted languages like Python, JavaScript, and C#. The trick here, much like with containers, is to also include a language runtime as part of the image... Programming languages, runtimes, application platforms, and cloud providers are all starting to offer rich experiences for WebAssembly out of the box. If we do things right, you will never need to think about whether your application is running inside of a Hyperlight Micro-VM in Azure. You may never know your workload is executing in a Hyperlight Micro VM. And that's a good thing.
While a traditional virtual-device-based VM takes about 125 milliseconds to load, "When the Hyperlight VMM creates a new VM, all it needs do to is create a new slice of memory and load the VM guest, which in turn loads the wasm workload. This takes about 1-2 milliseconds today, and work is happening to bring that number to be less than 1 millisecond in the future."

And there's also double security due to Wasmtime's software-defined runtime sandbox within Hyperlight's larger VM...

"Researchers have discovered nearly 1.5 million pictures from specialist dating apps — many of which are explicit — being stored online without password protection," reports the BBC, "leaving them vulnerable to hackers and extortionists."

And the images weren't limited to those from profiles, the BBC learned from the ethical hacker who discovered the issue. "They included pictures which had been sent privately in messages, and even some which had been removed by moderators..." Anyone with the link was able to view the private photos from five platforms developed by M.A.D Mobile [including two kink/BDSM sites and two LGBT apps]... These services are used by an estimated 800,000 to 900,000 people.

M.A.D Mobile was first warned about the security flaw on 20th January but didn't take action until the BBC emailed on Friday. They have since fixed it but not said how it happened or why they failed to protect the sensitive images. Ethical hacker Aras Nazarovas from Cybernews first alerted the firm about the security hole after finding the location of the online storage used by the apps by analysing the code that powers the services...

None of the text content of private messages was found to be stored in this way and the images are not labelled with user names or real names, which would make crafting targeted attacks at users more complex.

In an email M.A.D Mobile said it was grateful to the researcher for uncovering the vulnerability in the apps to prevent a data breach from occurring. But there's no guarantee that Mr Nazarovas was the only hacker to have found the image stash.
"Mr Nazarovas and his team decided to raise the alarm on Thursday while the issue was still live as they were concerned the company was not doing anything to fix it..."

Samsung teased its "AI Vision Inside" refrigerators at January's CES tradeshow. (Its internal sensors can now detect 37 different fresh ingredients and 50 processed foods, generating lists for your cellphone or a screen on your refrigerator's door.)

But the refrigerators are part of a larger "AI Home" lineup of screen-enabled appliances with advanced AI features, and Engadget got to see them all together this weekend at Samsung's Bespoke AI conference in Seoul, Korea: The centerpiece of the Bespoke line remains Samsung's 4-door French-Door refrigerator, which is now available with two different-sized screens. There's a model with a smaller 9-inch screen that starts at $3,999 or one with a massive 32-inch panel called the Family Hub+ for $4,699. The former is ostensibly designed for people who want something a bit more discreet but still want access to Samsung's smart features, which includes widgets for your calendar, music, weather, various cooking apps and more. Meanwhile, the larger model is for families who aren't afraid of having a small TV in their face every time they open their fridge. You can even play videos from TikTok on it, if that's what you're into....

For cooking, Samsung's matte glass induction cooktops are mostly the same, but its Bespoke 30-inch single ($3,759) and double ($4,649) wall ovens have...you guessed it, more AI. In addition to a 7-inch display, there are also cameras and sensors inside the oven that can recognize up to 80 different recipes to provide optimal cooking times. But if you prefer to go off-script and create something original, Samsung says the oven will give you the option to save the recipe and temperature settings after cooking the same dish five times. And for a more fun application of its tech, the oven's cameras can record videos and create time-lapses of your baked goods for sharing on social media.

When it's time to clean up, Samsung's $1,399 Bespoke Auto Open Door Dishwasher has a few tricks of its own. In this case, the washer uses AI (yet again) and sensors to more accurately detect food residue and optimize cleaning cycles...
There's also an "AI Jet Ultra Cordless Stick" vacuum cleaner, which "uses AI to better detect what surface its on to more effectively hoover up dirt and debris."

Interestingly, in January Samsung's refrigerators also got a mention in iFixit's "Worst of CES" video.

"I've been dreaming of this moment for 20 years," says Aptera co-CEO Steve Fambro. Aptera's solar-powered electric car just drove 300 miles on a single charge.

"We're one step closer to a future where every journey is powered by the sun," Aptera says in their announcement.

"This go around, Aptera took to the highway for the first time ever..." writes the EV blog Electrek. "At one point, Aptera's video noted that its solar EV was pulling over 545 watts of solar input, even though it was overcast."

"Less time searching for chargers," Aptera says in their announcement, adding that their "production-intent" car proved "that a solar EV isn't just a concept for the future, but a real-world solution ready for the present" — while turning Route 66 into "a test bed for a vehicle built to thrive independently..." "The panoramic windshield gives you this incredible view of the landscape," Steve said [in a video accompanying the announcement], describing the drive. "It's like a big picture window into the future."

The final stretch took the team back into California, where they reflected on the journey, the data, and the excited reactions from drivers who caught a glimpse of the vehicle on the road. "Almost everyone we passed had their phones out filming us," Steve laughed. "It's clear that Aptera's design stops traffic — without needing to stop for a charge."
"I was struck by how normal this trip seemed, except for all the gawking from fellow travelers," writes long-time Slashdot reader AirHog. "Best of luck to Aptera to reach their funding and production goals this year for this remarkable vehicle."

They drove on highways to Lake Havasu, and then to California's Imperial Valley — starting in Flagstaff, Arizona on symbolic Route 66. It was 100 years ago that Route 66 was proposed to link Chicago and Los Angeles, which Fambro credits to a visionary who believed in "something bigger than the road itself — believing in what it could unlock for the world." "And they did it. Route 66 became one of the most iconic highways in America, proving that what once seemed improbable could become inevitable.

"I think about that alot with Aptera. We're building something people say can't be done. History shows us the boldest ideas, the ones that challenge that status quo are the ones that truly change the world.
They take their futuristic, tear-dropped shaped "Jetsons" car to a drive-through wildlife refuge named Bearizona. They stop at a general store for some beef jerky. "We're just having a fun time seeing all the sights."

"I've been dreaming of this moment for 20 years," says Aptera co-CEO Steve Fambro. "Driving in the most efficient vehicle on the road. Watching the sights go by. I got emotional just taking it all in." "This company. This idea. It's real. It's visceral. And I'm just so proud of each and every person who helped make this dream a reality.

"We have the chance to make a real change in how the world moves. The road hasn't been easy. It's been painful, difficult. And it's brought me to my breaking point sometimes. But being in this moment right now? I can say it's all been worth it...

"I feel we're at the forefront of something truly revolutionary. We're not fighting an uphill battle any more. We're standing at the edge of something incredible. Ready to break through.

"To all of you who supported us, my commitment is this. We're not stopping. We're moving forward with more energy and more passion than ever. The road ahead is an open highway. And the future is ours to shape."
To celebrate Aptera is holding a giveaway for a camping kit, a $100 gift card to their online store, and a free Aptera pre-order to a winner chosen at random from those who subscribe/watch/comment on their new video...

Some scientists believe life on earth originated in organic matter in earth's bodies of water more than 3.5 billion years ago," reports CNN. "But where did that organic material come from...?"

Maybe electrical energy sparked the beginnings of life on earth — just like in Frankenstein: Researchers decades ago proposed that lightning caused chemical reactions in ancient Earth's oceans and spontaneously produced the organic molecules. Now, new research published March 14 in the journal Science Advances suggests that fizzes of barely visible "microlightning," generated between charged droplets of water mist, could have been potent enough to cook up amino acids from inorganic material.

Amino acids — organic molecules that combine to form proteins — are life's most basic building blocks and would have been the first step toward the evolution of life... For animo acids to form, they need nitrogen atoms that can bond with carbon. Freeing up atoms from nitrogen gas requires severing powerful molecular bonds and takes an enormous amount of energy, according to astrobiologist and geobiologist Dr. Amy J. Williams [an associate professor in the department of geosciences at the University of Florida who was not involved in the research]. "Lightning, or in this case, microlightning, has the energy to break molecular bonds and therefore facilitate the generation of new molecules that are critical to the origin of life on Earth," Williams told CNN in an email...

For the new study, scientists revisited the 1953 experiments but directed their attention toward electrical activity on a smaller scale, said senior study author Dr. Richard Zare, the Marguerite Blake Wilbur Professor of Natural Science and professor of chemistry at Stanford University in California. Zare and his colleagues looked at electricity exchange between charged water droplets measuring between 1 micron and 20 microns in diameter. (The width of a human hair is 100 microns....) The researchers mixed ammonia, carbon dioxide, methane and nitrogen in a glass bulb, then sprayed the gases with water mist, using a high-speed camera to capture faint flashes of microlightning in the vapor. When they examined the bulb's contents, they found organic molecules with carbon-nitrogen bonds. These included the amino acid glycine and uracil, a nucleotide base in RNA... "What we have done, for the first time, is we have seen that little droplets, when they're formed from water, actually emit light and get this spark," Zare said. "That's new. And that spark causes all types of chemical transformations...."

Even on a volatile Earth billions of years ago, lightning may have been too infrequent to produce amino acids in quantities sufficient for life — a fact that has cast doubt on such theories in the past, Zare said. Water spray, however, would have been more common than lightning. A more likely scenario is that mist-generated microlightning constantly zapped amino acids into existence from pools and puddles, where the molecules could accumulate and form more complex molecules, eventually leading to the evolution of life.
"We propose," Zare told CNN, "that this is a new mechanism for the prebiotic synthesis of molecules that constitute the building blocks of life."

Though it's stock price is still up 200% from its IPO in March of 2024 — last week Reddit's stock had dropped nearly 50% since February 7th.

And then this week, it dropped another 10%, reports Bloomberg, citing both the phenomenon of "volatile technology stocks under pressure" — but also specifically "the gloomy sentiment around Reddit..." The social media platform has struggled to recover since an earnings report in February showed that it is failing to keep up with larger digital advertising peers such as Meta Platforms Inc. and Alphabet Inc.'s Google, which have higher user figures. Reddit's outlook seemed precarious because its U.S. traffic took a hit from a change in Google's search algorithm.

In recent weeks, the short interest in Reddit — a proxy for the volume of bets against the company — has ticked up, and forecasts for the company's share price have fallen. One analyst opened coverage of Reddit this month with a recommendation that investors sell the shares, in part due to the company's heavy reliance on Google. Reddit shares fell more than 5% in intraday trading Friday. "It's been super overvalued," Bob Lang, founder and chief options analyst at Explosive Options said of Reddit. "Their growth rate is very strong, but they still are not making any money." Reddit had a GAAP earnings per share loss of $3.33 in 2024, but reported two consecutive quarters of positive GAAP EPS in the second half of the year...

At its February peak, Reddit's stock had risen over 500% from the $34 initial public offering price last March. Some of the enthusiasm was due to a series of deals in which Reddit was paid to allow its content to be used for training artificial intelligence models. More recently, though, there have been questions about the long-term growth prospects for the artificial intelligence industry.
"On Wall Street, the average price target from analysts has fallen to about $195 from $207 a month ago," the article points out. "That still offers a roughly $85 upside from where shares closed following Thursday's 8% slump..."

Meanwhile Reuters reported that more than 33,000 U.S. Reddit users experienced disruptions on Thursday according to Downdetector.com. "A Reddit spokesperson said the outage was due to a bug in a recent update, which has now been fixed."

Automotive historian Dan Albert loves the "adorable tiny truck" he's driving. It's one of the small Japan-made "kei" pickups and minivans that "make up about a third of car sales in Japan." Americans can legally import older models for less than $10,000, and getting 40 miles per gallon they're "Cheap to buy and run... rugged, practical, no-frills machines — exactly what the American-built pickup truck used to be."

But unfortunately, kei buyers face "bureaucratic roadblocks that states like Massachusetts have erected to keep kei cars and trucks out of the hands of U.S. drivers." Several state departments of motor vehicles (DMVs) have balked at registering the imported machines, saying that they're too unsafe for American streets. Owners have responded with a righteous mix of good humor, lobbying and lawsuits... Kei trucks do not meet the Federal Motor Vehicle Safety Standards, or FMVSS — the highly specific rules US-market new cars must meet. But since 1988, the Imported Vehicle Safety Compliance Act has exempted vehicles that are at least 25 years old from these crash safety standards, allowing drivers to bring over vintage European and Asian market models...

Getting insurance coverage was the next barrier, as the company that had long been underwriting the Albert family's fleet also rejected me, forcing me to seek out a specialty "collector car" insurer. (I did eventually get regular coverage....) Maine, Rhode Island, New York, Pennsylvania, Georgia, Virginia, and Michigan also tightened their rules on registering small Japanese imports in recent years. The culprit, according to the auto enthusiast press, was the American Association of Motor Vehicle Administrators, the trade organization that serves as the lobbying and policy arm of DMVs across North America. Much of AAMVA's work involves integrating the databases of the 69 US and Canadian motor vehicle jurisdictions who are its members, so that a car stolen in one state can't be titled in another... The kei truck's regulatory troubles can be traced to a 2011 AAMVA report, "Best Practices Regarding Registration and Titling of Mini-Trucks," which called for outright bans and encouraged DMVs to lobby state legislatures to outlaw keis entirely.

The Insurance Institute of Highway Safety concurred, telling AAMVA that its recommendation did not go far enough: The IIHS said that keis should join the class of conveyances that the U.S. government calls Low Speed Vehicles, which are mechanically limited to 25 miles per hour or less and should be used only for short local trips on low-speed-limit roads because they can't protect occupants in the event of a collision with a regular vehicle... [But] By 2008, Japan's kei trucks did feature crumple zones and driver airbags in compliance with that country's safety standards...

Despite its name, the Imported Vehicle Safety Compliance Act that lets older cars into the US from overseas isn't really about safety: Car industry lobbyists secured passage of the law to protect dealer profits. Newer keis — which are banned — are safer and cleaner than the 25-year-old ones that can be imported now. (Battery-powered keis debuted in 2009.) But even mine has an airbag, front crumple zone, seatbelt pretensioners, and anti-lock brakes.
The article notes that kie fans have "a distinctly libertarian streak... Some owners I've talked to report forging titles, setting up shell companies in Montana and finding other means of skirting DMV rules."

Thanks to long-time Slashdot reader schwit1 for sharing the article.

"I am having conversations every day with people whose careers are sort of over," a 53-year-old film and TV director told the New York Times: If you entered media or image-making in the '90s — magazine publishing, newspaper journalism, photography, graphic design, advertising, music, film, TV — there's a good chance that you are now doing something else for work. That's because those industries have shrunk or transformed themselves radically, shutting out those whose skills were once in high demand... When digital technology began seeping into their lives, with its AOL email accounts, Myspace pages and Napster downloads, it didn't seem like a threat. But by the time they entered the primes of their careers, much of their expertise had become all but obsolete.

More than a dozen members of Generation X interviewed for this article said they now find themselves shut out, economically and culturally, from their chosen fields. "My peers, friends and I continue to navigate the unforeseen obsolescence of the career paths we chose in our early 20s," Mr. Wilcha said. "The skills you cultivated, the craft you honed — it's just gone. It's startling." Every generation has its burdens. The particular plight of Gen X is to have grown up in one world only to hit middle age in a strange new land. It's as if they were making candlesticks when electricity came in. The market value of their skills plummeted...

Typically, workers in their 40s and 50s are entering their peak earning years. But for many Gen-X creatives, compensation has remained flat or decreased, factoring in the rising cost of living. The usual rate for freelance journalists is 50 cents to $1 per word — the same as it was 25 years ago... As opportunities and incomes dwindle, Gen X-ers in creative fields are weighing their options. Move to a lower-cost place and remain committed to the work you love? Look for a bland corporate job that might provide health insurance and a steady paycheck until retirement?
The article includes several examples of the trend:

• One magazine's photo studio director says professional photographers have been replaced by "a 20-year-old kid who will do the job for $500."

• The article adds that "When photography went digital, photo lab technicians and manual retouchers were suddenly as inessential as medieval scribes." (And "In advertising, brands ditched print and TV campaigns that required large crews for marketing plans that relied on social media posts."")

• An editor at Spin magazine remembers the day its print edition folded...

And besides competition from influencers, there's also AI, "which seems likely to replace many of the remaining Gen X copywriters, photographers and designers. By 2030, ad agencies in the United States will lose 32,000 jobs, or 7.5 percent of the industry's work force, to the technology, according to the research firm Forrester."

Meanwhile the cost of living has skyrocketed, the article points out — even while Gen X-ers "are less secure financially than baby boomers and lack sufficient retirement savings, according to recent surveys..."