Businesses

Adobe's $20 Billion Figma Acquisition Likely To Face EU Investigation (gizmodo.com) 22

According to a report from The Financial Times, the European Union Commission is planning an in-depth investigation into Adobe's $20 billion purchase of Figma, the popular online graphics editing and interface design application. Gizmodo reports: Back in February, the EU Commission noted that it had received numerous requests to review the business deal. The international watchdog announced that it would need to clear the proposed merger, under the justification that it "threatens to significantly affect competition in the market for interactive product design and whiteboarding software."

Now, the Brussels-based Commission will open a phase II investigation, per the FT. Generally, anti-competition probes are handled at the phase I level, which accounts for 90% of all cases, according to EU internal data. In comparison, a phase II analysis takes more time and goes deeper. By the Commission's description, a phase II investigation "typically involves more extensive information gathering, including companies' internal documents, extensive economic data, more detailed questionnaires to market participants, and/or site visits." From the start of such a probe, the regulatory body has 90 days to make a decision.

The EU Commission would not directly confirm its plans to investigate the Adobe/Figma merger. In an email, spokesperson Marta Perez-Cejuela told Gizmodo, "this transaction has not been formally notified to the Commission." Such notification is a requirement before any investigation can move forward. Commission officials requested that Adobe submit an official notification in February. Despite the Commission's lack of formal announcement, an EU probe into the acquisition is expected. Already the U.S. Department of Justice and the United Kingdom's Competition and Markets Authority are looking into the digital design tool deal. The DOJ is reportedly preparing to file an antitrust suit blocking the merger, while the UK CMA is actively investigating the acquisition, with a first decision due by the end of June.

AI

FIFA Used AI to Identify 300 People Harassing World Cup Players, Notified Law Enforcement (espn.com) 55

The Associated Press reports: A project using artificial intelligence to track social media abuse aimed at players at the 2022 World Cup identified more than 300 people whose details are being given to law enforcement, FIFA said Sunday.

The people made "abusive, discriminatory, or threatening posts [or] comments" on platforms like Twitter, Instagram, Facebook, TikTok and YouTube, soccer's governing body said in a report detailing efforts to protect players and officials during the tournament played in Qatar. The biggest spike in abuse was during the France-England quarterfinals game, said the report from a project created jointly by FIFA and the players' global union FIFPRO. It used AI to help identify and hide offensive social media posts... About 20 million posts and comments were scanned and more than 19,000 were flagged as abusive...

The identities of the more than 300 people identified for posting abuse "will be shared with the relevant member associations and jurisdictional law authorities to facilitate real-world action being taken against offenders," FIFA said. "Discrimination is a criminal act. With the help of this tool, we are identifying the perpetrators and we are reporting them to the authorities so that they are punished for their actions," FIFA President Gianni Infantino said in a statement. "We also expect the social media platforms to accept their responsibilities and to support us in the fight against all forms of discrimination."

FIFA and FIFPRO have extended the system for use at the Women's World Cup that starts next month in Australia and New Zealand.

Security

Security Expert Defeats Lenovo Laptop BIOS Password With a Screwdriver (tomshardware.com) 31

Cybersecurity experts at CyberCX have demonstrated a simple method for consistently accessing older BIOS-locked laptops by shorting pins on the EEPROM chip with a screwdriver, enabling full access to the BIOS settings and bypassing the password. Tom's Hardware reports: Before we go further, it is worth pointing out that CyberCX's BIOS password bypass demonstration was done on several Lenovo laptops that it had retired from service. The blog shows that the easily reproducible bypass is viable on the Lenovo ThinkPad L440 (launched Q4 2013) and the Lenovo ThinkPad X230 (launched Q3 2012). Other laptop and desktop models and brands that have a separate EEPROM chip where passwords are stored may be similarly vulnerable. [...] From reading various documentation and research articles, CyberCX knew that it needed to follow the following process on its BIOS-locked Lenovo laptops: Locate the correct EEPROM chip; Locate the SCL and SDA pins; and Short the SCL and SDA pins at the right time.

Checking likely looking chips on the mainboard and looking up series numbers eventually lead to being able to target the correct EEPROM. In the case of the ThinkPad L440, the chip is marked L08-1 X (this may not always be the case). An embedded video in the CyberCX blog post shows just how easy this 'hack' is to do. Shorting the L08-1 X chip pins requires something as simple as a screwdriver tip being held between two of the chip legs. Then, once you enter the BIOS, you should find that all configuration options are open to be changed. There is said to be some timing needed, but the timing isn't so tight, so there is some latitude. You can watch the video for a bit of 'technique.'

CyberCX includes some quite in-depth analysis of how its BIOS hack works and explains that you can't just short the EEPROM chips straight away as you turn the machine on (hence the need for timing). Some readers may be wondering about their own laptops or BIOS-locked machines they have seen on eBay and so on. CyberCX says that some modern machines with the BIOS and EEPROM packages in one Surface Mount Device (SMD) would be more difficult to hack in this way, requiring an "off-chip attack." The cyber security firm also says that some motherboard and system makers do indeed already use an integrated SMD. Those particularly worried about their data, rather than their system, should implement "full disk encryption [to] prevent an attacker from obtaining data from the laptop's drive," says the security outfit.

Earth

California Wildfires Are Five Times Bigger Than They Used To Be (bloomberg.com) 105

The extent of area burned in California's summer wildfires increased about fivefold from 1971 to 2021, and climate change was a major reason why, according to a new analysis. Scientists estimate the area burned in an average summer may jump as much as 50% by 2050. From a report: Days after wildfire smoke from Canada turned skies orange along the US Eastern Seaboard, the study is further confirmation of past research showing that higher temperatures and drier conditions in many parts of the world make wildfires more likely. Wildfires worsened by greenhouse gases emitted by human activities tore through Australia in 2019 and 2020 and Siberia in 2020. The peer-reviewed research, published Monday in the Proceedings of the National Academy of Sciences, finds that wildfires in California's northern and central forests scorch the most area when temperatures are high and less area when it's cooler.

Marco Turco, a climate researcher at the University of Murcia in Spain, and colleagues designed the study to try to identify how much of the increase in the burned area of California fires was due to climate change, and how much to natural variability. They conducted a statistical analysis of temperature and forest-fire data for California summers in the period 1971 to 2021. They then drew on modeling that shows how the last several decades might have evolved without human-caused greenhouse gas emissions. The result: Burned area grew 172% more than it would have without climate change. Manmade effects began to overwhelm what would be expected without greenhouse gas pollution after 2001, the researchers concluded.

Data Storage

Western Digital Sparks Panic, Anger For Age-Shaming HDDs (arstechnica.com) 124

An anonymous reader quotes a report from Ars Technica: When should you be concerned about a NAS hard drive failing? Multiple factors are at play, so many might turn to various SMART (self-monitoring, analysis, and reporting technology) data. When it comes to how long the drive has been active, there are backup companies like Backblaze using hard drives that are nearly 8 years old. That may be why some customers have been panicked, confused, and/or angered to see their Western Digital NAS hard drive automatically given a warning label in Synology's DiskStation Manager (DSM) after they were powered on for three years. With no other factors considered for these automatic flags, Western Digital is accused of age-shaming drives to push people to buy new HDDs prematurely. The practice's revelation is the last straw for some users. Western Digital already had a steep climb to win back NAS customers' trust after shipping NAS drives with SMR (shingled magnetic recording) instead of CMR (conventional magnetic recording). Now, some are saying they won't use or recommend the company's hard drives anymore.

As users have reported online, including on Synology-focused and Synology's own forums, as well as on Reddit and YouTube, Western Digital drives using Western Device Digital Analytics (WDDA) are getting a "warning" stamp in Synology DSM once their power-on hours count hits the three-year mark. WDDA is similar to SMART monitoring and rival offerings, like Seagate's IronWolf, and is supposed to provide analytics and actionable items. The recommended action says: "The drive has accumulated a large number of power on hours [throughout] the entire life of the drive. Please consider to replace the drive soon." There seem to be no discernible problems with the hard drives otherwise.

Synology confirmed this to Ars Technica and noted that the labels come from Western Digital, not Synology. A spokesperson said the "WDDA monitoring and testing subsystem is developed by Western Digital, including the warning after they reach a certain number of power-on-hours." The practice has caused some, like YouTuber SpaceRex, to stop recommending Western Digital drives for the foreseeable future. In May, the YouTuber and tech consultant described his outrage, saying three years is "absolutely nothing" for a NAS drive and lamenting the flags having nothing to do with anything besides whether or not a drive has been in use for three years. A user on SynoForum discussed their "panic" upon seeing the label. And SpaceRex said one of its clients also panicked and quickly replaced the "warning" drives out of fear of losing business-critical data. "It is clearly predatory tactics by Western Digital trying to sell more hard drives," SpaceRex said in a June 10 video.
"Users are also concerned that this could prevent people from noticing serious problems with their drive," adds Ars. "Further, you can't repair a pool with a drive marked with a warning label."

Some of the affected products with WDDA include the WD Red Pro, WD Red Plus, and WD Purple. A discussion post about how to disable WDDA via SSH can be found here.
AI

Congress To Consider Two New Bills On AI (reuters.com) 13

An anonymous reader quotes a report from Reuters: U.S. senators on Thursday introduced two separate bipartisan artificial intelligence bills on Thursday amid growing interest in addressing issues surrounding the technology. One would require the U.S. government to be transparent when using AI to interact with people and another would establish an office to determine if the United States is remaining competitive in the latest technologies. Senators Gary Peters, a Democrat who chairs the Homeland Security committee, introduced a bill along with Senators Mike Braun and James Lankford, both Republicans, which would require U.S. government agencies to tell people when the agency is using AI to interact with them. The bill also requires agencies to create a way for people to appeal any decisions made by AI.

"The federal government needs to be proactive and transparent with AI utilization and ensure that decisions aren't being made without humans in the driver's seat," said Braun in a statement. Senators Michael Bennet and Mark Warner, both Democrats, introduced a measure along with Republican Senator Todd Young that would establish an Office of Global Competition Analysis that would seek to ensure that the United States stayed in the front of the pack in developing artificial intelligence. "We cannot afford to lose our competitive edge in strategic technologies like semiconductors, quantum computing, and artificial intelligence to competitors like China," Bennet said.

Earlier this week, Senate Majority Leader Chuck Schumer said he had scheduled three briefings for senators on artificial intelligence, including the first classified briefing on the topic so lawmakers can be educated on the issue. The briefings include a general overview on AI, examining how to achieve American leadership on AI and a classified session on defense and intelligence issues and implications.
Further reading: Ask Slashdot: What Are Some Good AI Regulations?
Medicine

Common Energy Drink Ingredient Taurine 'May Slow Aging Process' 140

Scientists are calling for a major clinical trial to investigate the potential benefits of taurine supplementation, a substance commonly found in energy drinks. Animal studies have shown that replenishing taurine levels to more youthful levels can slow down the aging process, improve health, and even extend lifespans in mice. The Guardian reports: Prof Henning Wackerhage, a molecular exercise physiologist on the team at the Technical University of Munich, said a trial would compare how humans fared after taking daily taurine or placebo supplements. "It will probably be very difficult to look at whether they live longer, but at least we can check if they live healthier for longer, and that of course is the goal for medicine."

Yadav's team homed in on taurine as a potential driver of the ageing process in 2012 when an analysis of blood compounds found that levels of the amino acid dropped dramatically with age in mice, monkeys and humans. By the age of 60, taurine levels in a typical person slumped to one-third of that seen in five-year-olds, they found. The discovery prompted the team to test the impact of extra taurine on middle-aged mice. "Whatever we checked, taurine-supplemented mice were healthier and appeared younger than the control mice," Yadav said, noting they had denser bones, stronger muscles, better memory and younger looking immune systems. "Taurine made animals live healthier and longer lives by affecting all the major hallmarks of ageing." Beyond improving health, mice on taurine lived longer -- on average an extra 10% for males and 12% for females, amounting to an additional three to four months, the equivalent of seven or eight human years. A comparable dose for humans would be three to six grams a day.

The scientists next looked at whether boosting taurine benefited animals that were much closer biologically to humans. A six-month trial in middle-aged macaques found that a daily taurine pill appeared to boost health by preventing weight gain, lowering blood glucose and improving bone density and the immune system. Other evidence suggests taurine supplementation may have some effect in humans. Yadav and his team analysed medical data from 12,000 Europeans aged 60 and over. Those with higher taurine levels had less obesity, type 2 diabetes and high blood pressure, and lower levels of inflammation. Strenuous sessions on an exercise bike were found to boost taurine levels, the researchers report in Science.

Without a major trial to demonstrate the safety or any benefits of taurine supplements, the scientists are not recommending people boost their intake through pills, energy drinks or dietary changes. Taurine is made naturally in the body and is found in meat and shellfish diets, but the healthiest diets are largely plant-based. Some energy drinks contain taurine, but the scientists warn they also contain other substances that may not be safe to consume at high levels.
Space

Artificial Photosynthesis Could Be The Secret to Colonizing Space (sciencealert.com) 23

Artificial photosynthesis, inspired by the natural process that enables plants to convert sunlight, water, and carbon dioxide into oxygen and energy, could be crucial for space exploration and colonization. By using semiconductor materials and metallic catalysts, these devices could efficiently produce oxygen and recycle carbon dioxide, reducing reliance on heavy and unreliable systems currently used on the International Space Station. ScienceAlert reports: As my colleagues and I have investigated in a new paper, published in Nature Communications, recent advances in making artificial photosynthesis may well be key to surviving and thriving away from Earth. [...] We produced a theoretical framework to analyze and predict the performance of such integrated "artificial photosynthesis" devices for applications on Moon and Mars. Instead of chlorophyll, which is responsible for light absorption in plants and algae, these devices use semiconductor materials which can be coated directly with simple metallic catalysts supporting the desired chemical reaction. Our analysis shows that these devices would indeed be viable to complement existing life support technologies, such as the oxygen generator assembly employed on the ISS. This is particularly the case when combined with devices which concentrate solar energy in order to power the reactions (essentially large mirrors which focus the incoming sunlight).

There are other approaches too. For example, we can produce oxygen directly from lunar soil (regolith). But this requires high temperatures to work. Artificial photosynthesis devices, on the other hand, could operate at room temperature at pressures found on Mars and the Moon. That means they could be used directly in habitats and using water as the main resource. This is particularly interesting given the stipulated presence of ice water in the lunar Shackleton crater, which is an anticipated landing site in future lunar missions.

On Mars, the atmosphere composes of nearly 96% carbon dioxide - seemingly ideal for an artificial photosynthesis device. But the light intensity on the red planet is weaker than on Earth due to the larger distance from the Sun. So would this pose a problem? We actually calculated the sunlight intensity available on Mars. We showed that we can indeed use these devices there, although solar mirrors become even more important. [...] The returns would be huge. For example, we could actually create artificial atmospheres in space and produce chemicals we require on long-term missions, such as fertilizers, polymers, or pharmaceuticals. Additionally, the insights we gain from designing and fabricating these devices could help us meet the green energy challenge on Earth.

Government

10 Years After Snowden's First Leak, What Have We Learned? (theregister.com) 139

An anonymous reader quotes a report from The Register: The world got a first glimpse into the US government's far-reaching surveillance of American citizens' communications -- namely, their Verizon telephone calls -- 10 years ago this week when Edward Snowden's initial leaks hit the press. [...] In the decade since then, "reformers have made real progress advancing the bipartisan notion that Americans' liberty and security are not mutually exclusive," [US Senator Ron Wyden (D-OR)] said. "That has delivered tangible results: in 2015 Congress ended bulk collection of Americans' phone records by passing the USA Freedom Act." This bill sought to end the daily snooping into American's phone calls by forcing telcos to collect the records and make the Feds apply for the information.

That same month, a federal appeals court unanimously ruled that the NSA's phone-records surveillance program was unlawful. The American Civil Liberties Union (ACLU) and the New York Civil Liberties Union sued to end the secret phone spying program, which had been approved by the Foreign Intelligence Surveillance Court, just days after Snowden disclosed its existence. "Once it was pushed out into open court, and the court was able to hear from two sides and not just one, the court held that the program was illegal," Ben Wizner, director of the ACLU Speech, Privacy and Technology project, told The Register. The Freedom Act also required the federal government to declassify and release "significant" opinions of the Foreign Intelligence Surveillance Court (FISC), and authorized the appointment of independent amici -- friends of the court intended to provide an outside perspective. The FISC was established in 1978 under the FISA -- the legislative instrument that allows warrantless snooping. And prior to the Freedom Act, this top-secret court only heard the government's perspective on things, like why the FBI and NSA should be allowed to scoop up private communications.

"To its credit, the government has engaged in reforms, and there's more transparency now that, on the one hand, has helped build back some trust that was lost, but also has made it easier to shine a light on surveillance misconduct that has happened since then," Jake Laperruque, deputy director of the Center for Democracy and Technology's Security and Surveillance Project, told The Register. Wyden also pointed to the sunsetting of the "deeply flawed surveillance law," Section 215 of the Patriot Act, as another win for privacy and civil liberties. That law expired in March 2020 after Congress did not reauthorize it. "For years, the government relied on Section 215 of the USA Patriot Act to conduct a dragnet surveillance program that collected billions of phone records (Call Detail Records or CDR) documenting who a person called and for how long they called them -- more than enough information for analysts to infer very personal details about a person, including who they have relationships with, and the private nature of those relationships," Electronic Frontier Foundation's Matthew Guariglia, Cindy Cohn and Andrew Crocker said.
James Clapper, the former US Director of National Intelligence, "stated publicly that the Snowden disclosures accelerated by seven years the adoption of commercial encryption," Wizner said. "At the individual level, and at the corporate level, we are more secure."

"And at the corporate level, what the Snowden revelations taught big tech was that even as the government was knocking on the front door, with legal orders to turn over customer data, it was breaking in the backdoor," Wizner added. "Government was hacking those companies, finding the few points in their global networks where data passed unencrypted, and siphoning it off." "If you ask the government -- if you caught them in a room, and they were talking off the record -- they would say the biggest impact for us from the Snowden disclosures is that it made big tech companies less cooperative," he continued. "I regard that as a feature, not a bug."

The real issue that the Snowden leaks revealed is that America's "ordinary system of checks and balances doesn't work very well for secret national security programs," Wizner said. "Ten years have gone by," since the first Snowden disclosures, "and we don't know what other kinds of rights-violating activities have been taking place in secret, and I don't trust our traditional oversight systems, courts and the Congress, to ferret those out," Wizner said. "When you're dealing with secret programs in a democracy, it almost always requires insiders who are willing to risk their livelihoods and their freedom to bring the information to the public."
Security

Microsoft Says Clop Ransomware Gang Is Behind MOVEit Mass-Hacks (techcrunch.com) 12

An anonymous reader quotes a report from TechCrunch: Security researchers have linked to the notorious Clop ransomware gang a new wave of mass-hacks targeting a popular file transfer tool, as the first victims of the attacks begin to come forward. It was revealed last week that hackers are exploiting a newly discovered vulnerability in MOVEit Transfer, a file-transfer tool widely used by enterprises to share large files over the internet. The vulnerability allows hackers to gain unauthorized access to an affected MOVEit server's database. Progress Software, which develops the MOVEit software, has already released some patches. Over the weekend, the first victims of the attacks began to come forward.

Zellis, a U.K.-based human resources software maker and payroll provider, confirmed in a statement that its MOVEit system was compromised, with the incident affecting a "small number" of its corporate customers. One of those customers is U.K. airline giant British Airways, which told TechCrunch that the breach included the payroll data of all of its U.K.-based employees. [...] The U.K.'s BBC also confirmed it was affected by the incident affecting Zellis. [...] The government of Nova Scotia, which uses MOVEit to share files across departments, said in a statement that some citizens' personal information may have been compromised. The Nova Scotia government said it took its affected system offline, and is working to determine "exactly what information was stolen, and how many people have been impacted."

It was initially unclear who was behind this new wave of hacks, but Microsoft security researchers are attributing the cyberattacks to a group it tracks as "Lace Tempest." This gang is a known affiliate of the Russia-linked Clop ransomware group, which was previously linked to mass-attacks exploiting flaws in Fortra's GoAnywhere file transfer tool and Accellion's file transfer application. Microsoft researchers said that the exploitation of the MOVEit vulnerability is often followed by data exfiltration. Mandiant isn't yet making the same attribution as Microsoft, but noted in a blog post over the weekend that there are "notable" similarities between a newly created threat cluster it's calling UNC4857 that has as-of-yet "unknown motivations," and FIN11, a well-established ransomware group known to operate Clop ransomware. "Ongoing analysis of emerging activity may provide additional insights," Mandiant said.
"It's likely many more victims of the MOVEit breach will come to light over the next few days," adds TechCrunch.

"Shodan, a search engine for publicly exposed devices and databases, showed that more than 2,500 MOVEit Transfer servers were discoverable on the internet."
Sci-Fi

Military Whistleblower Claims US Has Retrieved Craft of Non-Human Origin (thedebrief.org) 303

A former intelligence official turned whistleblower, David Charles Grusch, has provided extensive classified information to Congress and the Intelligence Community Inspector General about covert programs involving the retrieval of intact and partially intact vehicles of non-human origin. Grusch alleges that this information has been illegally withheld from Congress, and he has filed a complaint claiming illegal retaliation for his disclosures. Other intelligence officials, both active and retired, have independently corroborated similar information about these programs. The Debrief reports: The whistleblower, David Charles Grusch, 36, a decorated former combat officer in Afghanistan, is a veteran of the National Geospatial-Intelligence Agency (NGA) and the National Reconnaissance Office (NRO). He served as the reconnaissance office's representative to the Unidentified Aerial Phenomena Task Force from 2019-2021. From late 2021 to July 2022, he was the NGA's co-lead for UAP analysis and its representative to the task force. The task force was established to investigate what were once called "unidentified flying objects," or UFOs, and are now officially called "unidentified anomalous phenomena," or UAP. The task force was led by the Department of the Navy under the Office of the Under Secretary of Defense for Intelligence and Security. It has since been reorganized and expanded into the All-Domain Anomaly Resolution Office to include investigations of objects operating underwater.

Grusch said the recoveries of partial fragments through and up to intact vehicles have been made for decades through the present day by the government, its allies, and defense contractors. Analysis has determined that the objects retrieved are "of exotic origin (non-human intelligence, whether extraterrestrial or unknown origin) based on the vehicle morphologies and material science testing and the possession of unique atomic arrangements and radiological signatures," he said. In filing his complaint, Grusch is represented by a lawyer who served as the original Intelligence Community Inspector General (ICIG). "We are not talking about prosaic origins or identities," Grusch said, referencing information he provided Congress and the current ICIG. "The material includes intact and partially intact vehicles." In accordance with protocols, Grusch provided the Defense Office of Prepublication and Security Review at the Department of Defense with the information he intended to disclose to us. His on-the-record statements were all "cleared for open publication" on April 4 and 6, 2023, in documents provided to us.

Science

Fungi Stores a Third of Carbon From Fossil Fuel Emissions, New Study Reveals (phys.org) 33

An anonymous reader quotes a report from Phys.Org: Mycorrhizal fungi have been supporting life on land for at least 450 million years by helping to supply plants with soil nutrients essential for growth. In recent years, scientists have found that in addition to forming symbiotic relationships with nearly all land plants, these fungi are important conduits to transport carbon into soil ecosystems. In a meta-analysis published June 5 in the journal Current Biology, scientists estimate that as much as 13.12 gigatons of carbon dioxide equivalents (CO2e) fixed by terrestrial plants is allocated to mycorrhizal fungi annually -- roughly equivalent to 36% of yearly global fossil fuel emissions. Because 70% to 90% of land plants form symbiotic relationships with mycorrhizal fungi, researchers have long surmised that there must be a large amount of carbon moving into the soil through their networks.

Mycorrhizal fungi transfer mineral nutrients to and obtain carbon from their plant partners. These bi-directional exchanges are made possible by associations between fungal mycelium, the thread-like filamentous networks that make up the bulk of fungal biomass, and plant roots. Once transported underground, carbon is used by mycorrhizal fungi to grow a more extensive mycelium, helping them to explore the soil. It is also bound up in soil by the sticky compounds exuded by the fungi and can remain underground in the form of fungal necromass, which functions as a structural scaffold for soils. The scientists know that carbon is flowing through fungi, but how long it stays there remains unclear.

The paper is part of a global push to understand the role that fungi play in Earth's ecosystems. "We know that mycorrhizal fungi are vitally important ecosystem engineers, but they are invisible," says senior author Toby Kiers, a professor of evolutionary biology at Vrije University Amsterdam and co-founder of the Society for the Protection of Underground Networks (SPUN). "Mycorrhizal fungi lie at the base of the food webs that support much of life on Earth, but we are just starting to understand how they actually work. There's still so much to learn." But there's a race against time to understand and protect these fungi. The UN Food and Agriculture Organization warns that 90% of soils could be degraded by 2050, and fungi are left out of most conservation and environmental policy. Without the fertility and structure that soil provides, the productivity of both natural and crop plants will rapidly decline.

The Almighty Buck

US Financial Watchdog: Money Stored in Venmo/PayPal/CashApp Isn't Federally Insured (apnews.com) 62

The Associated Press reports: Customers of Venmo, PayPal and CashApp should not store their money with those apps for the long term because the funds might not be safe during a crisis, the [U.S.] Consumer Financial Protection Bureau warned Thursday...

The Federal Deposit Insurance Corporation insures bank accounts up to $250,000. But money stored in Venmo or CashApp or Apple Cash is not being held in a traditional bank account. So, if there is an event similar to a bank run with those payment apps, those funds may not be protected. Some of the funds may be eligible for pass-through insurance coverage if customers do certain activities with the apps, the CFPB said, but generally by default the apps are not covered by deposit insurance.

For example, if a customer opened a PayPal Savings account, it would have deposit insurance through PayPal's partner bank, Synchrony Bank. But the general PayPal account is not covered by insurance. For Apple Cash, which can be insured through Green Dot Bank, it requires a user to verify their identity to get deposit insurance. "We find that stored funds can be at risk of loss in the event of financial distress or failure of the entity operating the nonbank payment platform, and often are not placed in an account at a bank or credit union and lack individual deposit insurance coverage," the CFPB said in its report.

"Consumers may not fully appreciate when, or under what conditions, they would be protected by deposit insurance," the agency added in its report.

Medicine

Lung Cancer Pill Cuts Risk of Death by Half, Study Finds (theguardian.com) 28

The Guardian reports: A pill taken once a day cuts the risk of dying from lung cancer by half, according to "thrilling" and "unprecedented" results from a decade-long global study. Taking the drug osimertinib after surgery dramatically reduced the risk of patients dying by 51%, results presented at the world's largest cancer conference showed...

Everyone in the trial had a mutation of the EGFR gene, which is found in about a quarter of global lung cancer cases, and accounts for as many as 40% of cases in Asia. An EGFR mutation is more common in women than men, and in people who have never smoked or have been light smokers. Speaking in Chicago, [Dr Roy Herbst, the deputy director of Yale Cancer Center and lead author of the study] said the "thrilling" results added huge weight to earlier findings from the same trial that showed the pill also halves the risk of a recurrence of the disease... Not everyone diagnosed with lung cancer is tested for the EGFR mutation, which needs to change, Herbst said, given the study's findings...

After five years, 88% of patients who took the daily pill after the removal of their tumour were still alive, compared with 78% of patients treated with a placebo. Overall, there was a 51% lower risk of death for those who received osimertinib compared with those who received placebo. The survival benefit "was observed consistently" in an analysis across all study subgroups, including those with stage one, stage two and stage three lung cancer. Chemotherapy had been given to 60% of those in the study, and the survival benefit of osimertinib was seen regardless of whether prior chemotherapy was received.

AI

ChatGPT is Already Taking Jobs (msn.com) 193

The Washington Post writes that "Some economists predict artificial intelligence technology like ChatGPT could replace hundreds of millions of jobs, in a cataclysmic reorganization of the workforce mirroring the industrial revolution.

"For some workers, this impact is already here." Those that write marketing and social media content are in the first wave of people being replaced with tools like chatbots, which are seemingly able to produce plausible alternatives to their work.

Experts say that even advanced AI doesn't match the writing skills of a human: It lacks personal voice and style, and it often churns out wrong, nonsensical or biased answers. But for many companies, the cost-cutting is worth a drop in quality. "We're really in a crisis point," said Sarah T. Roberts, an associate professor at University of California in Los Angeles specializing in digital labor. "[AI] is coming for the jobs that were supposed to be automation-proof..."

The technology's ability to churn out human-sounding prose puts highly paid knowledge workers in the crosshairs for replacement, experts said. "In every previous automation threat, the automation was about automating the hard, dirty, repetitive jobs," said Ethan Mollick, an associate professor at the University of Pennsylvania's Wharton School of Business. "This time, the automation threat is aimed squarely at the highest-earning, most creative jobs that ... require the most educational background." In March, Goldman Sachs predicted that 18 percent of work worldwide could be automated by AI, with white-collar workers such as lawyers at more risk than those in trades such as construction or maintenance. "Occupations for which a significant share of workers' time is spent outdoors or performing physical labor cannot be automated by AI," the report said...

Mollick said it's too early to gauge how disruptive AI will be to the workforce. He noted that jobs such as copywriting, document translation and transcription, and paralegal work are particularly at risk, since they have tasks that are easily done by chatbots. High-level legal analysis, creative writing or art may not be as easily replaceable, he said, because humans still outperform AI in those areas.

The article notes that one copywriter lost all 10 of his clients over the last four months — and though one later hired him back, he's now training to be a plumber.
AI

Investors Turn To AI-Guided Dealmaking To Gain Edge Over Rivals 20

Venture capital funds, private equity groups and accountancy firms are using the latest artificial intelligence to pick acquisition targets and start-ups for investment, betting the technology can give them an edge over rivals. From a report: Big Four accountant KPMG, hedge fund Coatue and venture capital firm Headline are among those using the latest AI tools to advise clients and help guide their dealmaking. With investors under pressure to identify the next high-growth start-up at a time when few companies are going public, some argue that dealmakers can benefit from using generative AI for tasks such as assessing a company's growth potential based on financial analysis.

"If you can train or use a model that gets a lot of efficiency first, you will get an advantage in that particular area of the business that is harder for a second mover to do," said Par Edin, who leads innovation in KPMG's US deal advisory and strategy business. "It is about getting there first for each and every particular use case." The pace of artificial intelligence development over the past six months, triggered by the release of OpenAI's popular ChatGPT -- a chatbot that provides humanlike answers to queries -- has spurred investors to use the tools to identify fast-growing companies and acquisition targets.
Apple

Apple Touts $1.1 Trillion in App Store Commerce in 2022 (techcrunch.com) 18

Ahead of Apple's Worldwide Developer Conference next week, the company is offering an update on its app ecosystem with the release of a new report detailing app earnings over the course of last year. From a report: In the analysis, released today, Apple says its App Store ecosystem generated $1.1 trillion in developer billings and sales in 2022, 90% of which was commission-free -- a metric it likes to tout to downplay the growing complaints about the high cost of doing business on a marketplace that generally takes a 15% to 30% commission on in-app purchases and paid downloads, with some exceptions. This $1.1 trillion breaks down as $910 billion in total billings and sales from the sale of physical goods and services, $109 billion from in-app advertising, and $104 billion for digital goods and services. The figures are a sizable increase from 2019 data, when Apple said the App Store had facilitated $519 billion in commerce, with then "just" $61 billion coming from digital goods and services.
Businesses

Company Insiders Made Billions Before SPAC Bust (wsj.com) 22

The SPAC boom cost investors billions. Insiders in the companies that went public were on the other side of the trade. From a report: Executives and early investors in companies that went public via SPACs sold shares worth $22 billion through well-timed trades, profiting before share prices collapsed. Some of the biggest winners were Detroit Pistons owner Tom Gores's investment firm Platinum Equity, British billionaire Richard Branson and convicted Nikola founder Trevor Milton. They were among many insiders who got shares on the cheap and sold them as they rose in value, according to a Wall Street Journal analysis of insider-trading disclosures associated with more than 200 companies that did SPAC deals. Companies that went public this way have lost more than $100 billion in market value. At least 12 have filed for bankruptcy and more than 100 are running low on cash, battered by higher interest rates and rising costs.

Many executives claimed during the boom that SPAC mergers were a better way for companies to go public than traditional initial public offerings. "It's easy to understand why executives at the companies went with this option," said New York University Law School professor Michael Ohlrogge, who studies SPACs. "It wasn't because it was a better financial technology -- it was because it was just better for them." The Journal analyzed more than 460 companies that did SPAC deals and identified 232 with insider sales based on a review of Securities and Exchange Commission filings submitted through May 18. The analysis focused on disclosures made by investors who own more than 10% of a company and corporate officers and directors.

Android

Inner Workings Revealed For 'Predator,' the Android Malware That Exploited 5 0-Days (arstechnica.com) 11

Researchers from Cisco's Talos security team have uncovered detailed information about Predator, a sophisticated spyware sold to governments worldwide, which can secretly record voice calls, collect data from apps like Signal and WhatsApp, and hide or disable apps on mobile devices. Ars Technica reports: An analysis Talos published on Thursday provides the most detailed look yet at Predator, a piece of advanced spyware that can be used against Android and iOS mobile devices. Predator is developed by Cytrox, a company that Citizen Lab has said is part of an alliance called Intellexa, "a marketing label for a range of mercenary surveillance vendors that emerged in 2019." Other companies belonging to the consortium include Nexa Technologies (formerly Amesys), WiSpear/Passitora Ltd., and Senpai. Last year, researchers with Google's Threat Analysis Group, which tracks cyberattacks carried out or funded by nation-states, reported that Predator had bundled five separate zero-day exploits in a single package and sold it to various government-backed actors. These buyers went on to use the package in three distinct campaigns. The researchers said Predator worked closely with a component known as Alien, which "lives inside multiple privileged processes and receives commands from Predator." The commands included recording audio, adding digital certificates, and hiding apps. [...]

According to Talos, the backbone of the malware consists of Predator and Alien. Contrary to previous understandings, Alien is more than a mere loader of Predator. Rather, it actively implements the low-level capabilities that Predator needs to surveil its victims. "New analysis from Talos uncovered the inner workings of PREDATOR and the mechanisms it uses to communicate with the other spyware component deployed along with it known as 'ALIEN,'" Thursday's post stated. "Both components work together to bypass traditional security features on the Android operating system. Our findings reveal the extent of the interweaving of capabilities between PREDATOR and ALIEN, providing proof that ALIEN is much more than just a loader for PREDATOR as previously thought to be." In the sample Talos analyzed, Alien took hold of targeted devices by exploiting five vulnerabilities -- CVE-2021-37973, CVE-2021-37976, CVE-2021-38000, CVE-2021-38003, CVE-2021-1048 -- the first four of which affected Google Chrome, and the last Linux and Android. [...] The deep dive will likely help engineers build better defenses to detect the Predator spyware and prevent it from working as designed. Talos researchers were unable to obtain Predator versions developed for iOS devices.

AI

Delaware Taps AI To Evacuate Crowded Beaches When Floods Hit (apnews.com) 13

Delaware's low elevation mixed with crowded beaches and limited exit routes make the state particularly vulnerable to massive flooding, but officials hope an influx of federal infrastructure money will trigger future evacuation plans automatically via artificial intelligence. From a report: The Biden administration was set to announce a total of $53 million in grants Thursday to Delaware and seven other states aimed at high-tech solutions to traffic congestion problems. Although the money comes from the infrastructure law the president signed in 2021, many of the programs -- including the $5 million for flood response efforts in Biden's home state -- have evolved since then.

"What's new is the predictive analysis; the machine learning," U.S. Federal Highway Administrator Shailen Bhatt, Delaware's former transportation secretary, said in an interview with The Associated Press. "Because now we have access to all this data, it's hard for us as humans to figure out what is data and what is actionable information." Delaware officials pull off evacuation-type procedures every week during the tourism season, with long lines of cars headed to the beaches on weekend mornings and back at night. But flooding presents a unique problem -- including standing water on roads that can make the most direct routes out of town even more treacherous than simply sheltering in place.

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