The U.K. economy has emerged from recession as gross domestic product rose 0.6% in the first quarter, official figures showed Friday, beating expectations. From a report: Economists polled by Reuters had forecast growth of 0.4% on the previous three months of the year. The U.K. entered a shallow recession in the second half of 2023, as persistent inflation continued to hurt the economy.

Although there is no official definition of a recession, two straight quarters of negative growth is widely considered a technical recession. The U.K.'s production sector expanded by 0.8% in the period from January to March, while construction fell by 0.9%. On a monthly basis, the economy grew by 0.4% in March, following 0.2% expansion in February. In output terms, the services sector -- crucial to the U.K. economy -- grew for the first time since the first quarter in 2023, the Office for National Statistics said. The 0.7% growth was mainly driven by the transport services industry which saw its highest quarterly growth rate since 2020.

Apple reported fiscal second-quarter earnings that topped estimates, despite a 10% drop in iPhone sales. The company also announced that its board had authorized $110 billion in share repurchases, "a 22% increase over last year's $90 billion authorization," notes CNBC. "It's the largest buyback in history, ahead of Apple's previous repurchases." From the report: Apple did not provide formal guidance, but Apple CEO Tim Cook told CNBC's Steve Kovach that overall sales would grow in the "low single digits" during the June quarter. Apple posted $81.8 billion in revenue during the year-ago June quarter and LSEG analysts were looking for a forecast of $83.23 billion. On an earnings call with analysts, Apple finance chief Luca Maestri said the company expected the current quarter will deliver double-digit year-over-year percentage growth in iPad sales. What's more, he said the Services division is forecast to continue growing at about the current high rate it's achieved during the past two quarters.

Apple reported net income of $23.64 billion, or $1.53 per share, down 2% from $24.16 billion, or $1.52 per share, in the year-earlier period. Cook told CNBC that sales in the fiscal second quarter suffered from a difficult comparison to the year-earlier period, when the company realized $5 billion in delayed iPhone 14 sales from Covid-based supply issues. "If you remove that $5 billion from last year's results, we would have grown this quarter on a year-over-year basis," Cook said. "And so that's how we look at it internally from how the company is performing."

Apple said iPhone sales fell nearly 10% to $45.96 billion, suggesting weak demand for the current generation of smartphones, which were released in September. The sales were in line with analyst estimates, and Cook said that without last year's increased sales, iPhone revenue would have been flat. Mac sales were up 4% to $7.45 billion, but they are still below the segment's high-water mark set in 2022. Cook said sales were driven by the company's new MacBook Air models which were released with an upgraded M3 chip in March. Other Products, which is how Apple reports sales of its Apple Watch and AirPods headphones, was down 10% year over year to $7.9 billion.

"Intel used to dominate the U.S. chip industry," writes CNBC. But now "it's struggling to stay relevant." Intel's long-awaited turnaround looks farther away than ever after the company reported dismal first-quarter earnings. Investors pushed the shares down 9% on Friday to their lowest level of the year. Although Intel's revenue is no longer shrinking and the company remains the biggest maker of processors that power PCs and laptops, sales in the first quarter trailed estimates. Intel also gave a soft forecast for the second quarter, suggesting weak demand... Intel is the worst-performing tech stock in the S&P 500 this year, down 37%.

Meanwhile, the two best-performing stocks in the index are chipmaker Nvidia and Super Micro Computer, which has been boosted by surging demand for Nvidia-based artificial intelligence servers. Intel, long the most valuable U.S. chipmaker, is now one-sixteenth the size of Nvidia by market cap. It's also smaller than Qualcomm, Broadcom, Texas Instruments, and AMD. For decades, it was the largest semiconductor company in the world by sales, but suffered seven straight quarters of revenue declines recently, and was passed by Nvidia last year.
Intel's problems "are decades in the making," according to CNBC, suggesting that one turning point was Apple's decision not to use Intel's chips in its iPhone. Now nearly every smartphone built uses Arm chips built by Apple and Qualcomm, while Apple's huge orders for TSMC chips "provided the cash to annually upgrade the manufacturing equipment at TSMC, which eventually surpassed Intel." Around 2017, mobile chips from Apple and Qualcomm started adding AI parts to their chips called neural processing units, another advancement over Intel's PC processors. The first Intel-based laptop with an NPU shipped late last year.

Intel has since lost share in its core PC chip business to chips that grew out of the mobile revolution... Apple stopped using Intel in its PCs in 2020. Macs now use Arm-based chips, and some of the first mainstream Windows laptops with Arm-based chips are coming out later this year. Low-cost laptops running Google ChromeOS are increasingly using Arm, too...

AMD made over 20% of server CPUs sold in 2022, and shipments grew 62% that year, according to an estimate from Counterpoint Research last year. AMD surpassed Intel's market cap the same year.

An Ethiopian bank has put up posters shaming customers it says have not returned money they gained during a technical glitch. From a report: Notices bearing their names and photos could be seen outside branches of the Commercial Bank of Ethiopia (CBE) on Friday. The bank says it has recovered almost three-quarters of the $14m it lost, its head said last week. He warned that those keeping money that is not theirs will be prosecuted. Last month, an hours-long glitch allowed customers at the CBE, Ethiopia's largest commercial bank, to withdraw or transfer more than they had in their accounts.

An anonymous reader shares a report: Generative AI search engine Perplexity, which claims to be a Google competitor and recently snagged a $73.6 million Series B funding from investors like Jeff Bezos, is going to start selling ads, the company told ADWEEK. Perplexity uses AI to answer users' questions, based on web sources. It incorporates videos and images in the response and even data from partners like Yelp. Perplexity also links sources in the response while suggesting related questions users might want to ask.

These related questions, which account for 40% of Perplexity's queries, are where the company will start introducing native ads, by letting brands influence these questions, said company chief business officer Dmitry Shevelenko. When a user delves deeper into a topic, the AI search engine might offer organic and brand-sponsored questions. Perplexity will launch this in the upcoming quarters, but Shevelenko declined to disclose more specifics. While Perplexity touts on its site that search should be "free from the influence of advertising-driven models," advertising was always in the cards for the company. "Advertising was always part of how we're going to build a great business," said Shevelenko.

Stability AI founder and chief executive Emad Mostaque has stepped down from the top role and the unicorn startup's board, the buzzy firm said. From a report: Stability AI, which has been backed by investors including Lightspeed Venture Partners and Coatue Management, doesn't have an immediate permanent replacement for the CEO role but has appointed its COO Shan Shan Wong and CTO Christian Laforte as interim co-CEOs, it said in a blog post. Stability AI, which has lost more than half a dozen key talent in recent quarters, said Mostaque is stepping down to pursue decentralized AI. In a series of posts on X, Mostaque opined that one can't beat "centralized AI" with more "centralized AI," referring to the ownership structure of top AI startups such as OpenAI and Anthropic.

Jason Rainbow reports via SpaceNews: SpaceX has secured conditional approval to use extremely high-frequency E-band radio waves to improve the capacity of its low Earth orbit Starlink broadband constellation. The Federal Communications Commission said March 8 it is allowing SpaceX to use E-band frequencies between second-generation Starlink satellites and gateways on the ground, alongside already approved spectrum in the Ka and Ku bands. Specifically, SpaceX is now also permitted to communicate between 71 and 76 gigahertz from space to Earth, and 81-86 GHz Earth-to-space, using the up to 7,500 Gen2 satellites SpaceX is allowed to deploy.

SpaceX has plans for 30,000 Gen2 satellites, on top of the 4,400 Gen1 satellites already authorized by the FCC. However, the FCC deferred action in December 2022 on whether to allow SpaceX to deploy the other three-quarters of its Gen2 constellation, which includes spacecraft closer to Earth to improve broadband speeds. The regulator also deferred action at the time on SpaceX's plans to use E-band frequencies, citing a need to first establish ground rules for using them in space. In a March 8 regulatory filing, the FCC said it found "SpaceX's proposed operations in the E-band present no new or increased frequency conflicts with other satellite operations." But the order comes with multiple conditions, including potentially forcing SpaceX to modify operations if another satellite operator also seeks to use the radio waves.

"Shares of Rivian Automotive surged 13% on Thursday," reports CNBC, "as the EV maker unveiled three new vehicles and announced more than $2 billion in savings related to pausing construction on a plant in Georgia."

CNBC notes that Rivian's current vehicles "start at roughly $70,000 and can top $100,000," so the new cheaper R2 midsize SUV (starting at $45,000) could be more appealing.

"Especially if it qualifies for the $7,500 EV tax credit," adds the Verge: "Seven percent of new vehicle sales are electric," [Rivian founder and CEO RJ] Scaringe notes.... "The reality is that Tesla continues to be wildly successful, and we want to pull from that 93 percent that haven't made the jump to pure EV, because the form factor didn't fit their lifestyle."
The article adds that Rivian "will use Tesla's NACS connectors for its future vehicles starting in 2025, which will allow Rivian owners to use the company's Supercharger Network. Both the R2 and R3 will have the NACS ports built natively into the vehicle..."

"I would say with absolute and complete certainty that the entire world is going to convert to electric vehicles," Scaringe tells The Verge. "I've never been more bullish on electrification. I've never been more bullish on Rivian."

More from CNBC: The announcements come at a crucial time for Rivian as it attempts to expand its customer base amid slower-than-expected EV sales in the U.S. after automakers flooded the first-adopter market with pricey all-electric vehicles in recent years. Rivian's sales pace has slowed in recent quarters, and the company widely disappointed investors last month by missing quarterly estimates and forecasting slightly lower production this year compared to 2023 due to plant downtime. The Amazon-backed company has been burning through cash to improve current EV production and narrow losses...

It will be capable of more than 300 miles of all-electric range on a single charge and 0-60 mph time in under3 seconds, the company said.
"Its battery will be capable of charging from 10 to 80 percent in under 30 minutes," notes Car and Driver.

UPDATE: The Verge reports that less than 24 hours after launching the R2, Rivian has already received more than 68,000 reservations.

It will go into production in the first half of 2026.

AI is likely to replace or at least lend a hand in tasks that take up almost three-quarters of the time bank employees now spend working. From a report: That's the conclusion of a new analysis by consultancy Accenture, which said banking has the potential to benefit more from the technology than any other industry. Just 27% of employees' time currently has a low potential of being transformed, according to the analysis. "There is a reinvention that is happening across banks, a way for firms to step back and re-evaluate ways of working," Keri Smith, global banking data and AI lead at Accenture, said in an interview.

The release of ChatGPT more than a year ago prompted many firms to boost hiring for AI-related positions and test more uses for generative AI, which can summarize documents, write emails and churn out responses to users' questions. The world's biggest banks have been experimenting, spurred by the promise that the technology will boost staffers' productivity and cut costs. "Every bank needs to think through their talent strategy, and how to take this technology to scale," Smith said. At Citigroup, all 40,000 coders will have the ability to experiment with different AI technologies by the end of March. Analysts at Bank of New York Mellon can wake up two hours later to write their research, because AI technology can create a rough draft and prepare related data for them overnight, Chief Executive Officer Robin Vince said on an earnings call last month.

Academics have found that the U.S. mortality declines during recessions, with "reductions in air pollution... a quantitatively important mechanism." Abstract of a paper on National Bureau of Economic Research: We leverage spatial variation in the severity of the Great Recession across the United States to examine its impact on mortality and to explore implications for the welfare consequences of recessions. We estimate that an increase in the unemployment rate of the magnitude of the Great Recession reduces the average, annual age-adjusted mortality rate by 2.3 percent, with effects persisting for at least 10 years. Mortality reductions appear across causes of death and are concentrated in the half of the population with a high school degree or less. We estimate similar percentage reductions in mortality at all ages, with declines in elderly mortality thus responsible for about three-quarters of the total mortality reduction. Recession-induced mortality declines are driven primarily by external effects of reduced aggregate economic activity on mortality, and recession-induced reductions in air pollution appear to be a quantitatively important mechanism. Incorporating our estimates of pro-cyclical mortality into a standard macroeconomics framework substantially reduces the welfare costs of recessions, particularly for people with less education, and at older ages where they may even be welfare-improving.

An anonymous reader quotes a report from Reuters: SoftBank Group Chief Executive Officer Masayoshi Son is looking to raise up to $100 billion for a chip venture that will rival Nvidia, Bloomberg News reported on Friday, citing people with knowledge of the matter. The project, code named Izanagi, will supply semiconductors essential for artificial intelligence (AI), the report added. The company would inject $30 billion in the project, with an additional $70 billion potentially coming from Middle Eastern institutions, according to the report.

The Japanese group already holds about a 90% stake in British chip designer Arm, per LSEG. SoftBank is known for its tech investments with high conviction bets on startups at an unheard of scale. But it had adopted a defensive strategy after being hit by plummeting valuations in the aftermath of the pandemic, when higher interest rates eroded investor appetite for risk. It returned to profit for the first time in five quarters earlier this month, as the Japanese tech investment firm was buoyed by an upturn in portfolio companies.

An anonymous reader shares a report: India is facing a quandary in enforcing long-delayed rules to curb the dominance of PhonePe and Google Pay in the country's ubiquitous UPI payments network, which processes over 10 billion transactions monthly. The National Payments Corporation of India (NPCI), a special unit of the Indian central bank, wants to limit the market share of individual companies in the popular Unified Payments Interface (UPI) system to 30%, a long-delayed effort to curb the dominance of Walmart-backed PhonePe and Alphabet's Google Pay, which together control over 83% of the growing payments market.

However, with rival Paytm now struggling after strict regulatory action, the NPCI faces an acute challenge in bringing down the commanding share of the leading duopoly: It doesn't know how to. The NPCI officials believe there is a technical barrier to achieving the goal and have sought industry players in recent quarters for ideas, two sources familiar with the situation said. The NPCI, which delayed enforcing the rules to 2024, declined to comment Tuesday.

"What happens when a loser who needs to win faces a winner who refuses to lose?"

That was the tagline for the iconic 2007 documentary The King of Kong: A Fistful of Quarters, chronicling a middle-school teacher's attempts to take the Donkey Kong record from reigning world champion Billy Mitchell. "Billy Mitchell always has a plan," says Billy Mitchell in the movie (who is also shown answering his phone, "World Record Headquarters. Can I help you?") By 1985, 30-year-old Mitchell was already listed in the "Guinness Book of World Records" for having the world's highest scores for Pac-Man, Ms. Pac-Man, Donkey Kong, Donkey Kong, Jr., Centipede, and Burger Time.

But then, NME reports... In 2018, a number of Mitchell's Donkey Kong high-scores were called into question by a fellow gamer, who supplied a string of evidence on the Twin Galaxies forums suggesting Mitchell had used an emulator to break the records, rather than the official, unmodified hardware that's typically required to keep things fair. [Twin Galaxies is Guiness World Records' official source for videogame scores.] Following "an independent investigation," Mitchell's hi-scores were removed from video game database Twin Galaxies as well as the Guinness Book Of Records, though the latter reversed the decision in 2020. Forensic analysts also accused him of cheating in 2022 but Mitchell has fought the accusations ever since.
This week, 58-year-old Billy Mitchell posted an announcement on X. "Twin Galaxies has reinstated all of my world records from my videogame career... I am relieved and satisfied to reach this resolution after an almost six-year ordeal and look forward to pursuing my unfinished business elsewhere. Never Surrender, Billy Mitchell."

X then wrote below the announcement, "Readers added context they thought people might want to know... Twin Galaxies has only reinstated Michell's scores on an archived leaderboard, where rules were different prior to TG being acquired in 2014. His score remains removed from the current leaderboard where he continues to be ineligible by today's rules."

The statement from Twin Galaxies says they'd originally believed they'd seen "a demonstrated impossibility of original, unmodified Donkey Kong arcade hardware" in a recording of one of Billy's games. As punishment they'd then invalidated every record he'd ever set in his life.

But now an engineer (qualified as an expert in federal courts) says aging components in the game board could've produced the same visual artifacts seen in the videotape of the disputed game. Consistent with Twin Galaxies' dedication to the meticulous documentation and preservation of video game score history, Twin Galaxies shall heretofore reinstate all of Mr. Mitchell's scores as part of the official historical database on Twin Galaxies' website. Additionally, upon closing of the matter, Twin Galaxies shall permanently archive and remove from online display the dispute thread... as well as all related statements and articles.
NME adds: Twin Galaxies' lawyer David Tashroudian told Ars Technica that the company had all its "ducks in a row" for a legal battle with Mitchell but "there were going to be an inordinate amount of costs involved, and both parties were facing a lot of uncertainty at trial, and they wanted to get the matter settled on their own terms."
And the New York Times points out that while Billy scored 1,062,800 in that long-ago game, "The vigorous long-running and sometimes bitter dispute was over marks that have long since been surpassed. The current record, as reported by Twin Galaxies, belongs to Robbie Lakeman. It's 1,272,800."

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

In a new paper published in the journal Science Progress, author Joseph Merz argues that climate issues are symptoms of ecological overshoot, driven by exploited human behaviors such as overconsumption, waste, and population growth. The paper emphasizes the need to change societal norms and behaviors through various means, including using marketing and media strategies to promote sustainable living, rather than solely focusing on technological or policy solutions. The Guardian reports: Merz and colleagues believe that most climate "solutions" proposed so far only tackle symptoms rather than the root cause of the crisis. This, they say, leads to increasing levels of the three "levers" of overshoot: consumption, waste and population. They claim that unless demand for resources is reduced, many other innovations are just a sticking plaster. "We can deal with climate change and worsen overshoot," says Merz. "The material footprint of renewable energy is dangerously underdiscussed. These energy farms have to be rebuilt every few decades -- they're not going to solve the bigger problem unless we tackle demand."

"Overshoot" refers to how many Earths human society is using up to sustain -- or grow -- itself. Humanity would currently need 1.7 Earths to maintain consumption of resources at a level the planet's biocapacity can regenerate. Where discussion of climate often centers on carbon emissions, a focus on overshoot highlights the materials usage, waste output and growth of human society, all of which affect the Earth's biosphere. "Essentially, overshoot is a crisis of human behavior," says Merz. "For decades we've been telling people to change their behavior without saying: 'Change your behavior.' We've been saying 'be more green' or 'fly less', but meanwhile all of the things that drive behavior have been pushing the other way. All of these subtle cues and not so subtle cues have literally been pushing the opposite direction -- and we've been wondering why nothing's changing."

The paper explores how neuropsychology, social signaling and norms have been exploited to drive human behaviors which grow the economy, from consuming goods to having large families. The authors suggest that ancient drives to belong in a tribe or signal one's status or attract a mate have been co-opted by marketing strategies to create behaviors incompatible with a sustainable world. "People are the victims -- we have been exploited to the point we are in crisis. These tools are being used to drive us to extinction," says the evolutionary behavioral ecologist and study co-author Phoebe Barnard. "Why not use them to build a genuinely sustainable world?" Just one-quarter of the world population is responsible for nearly three-quarters of emissions. The authors suggest the best strategy to counter overshoot would be to use the tools of the marketing, media and entertainment industries in a campaign to redefine our material-intensive socially accepted norms. "We're talking about replacing what people are trying to signal, what they're trying to say about themselves. Right now, our signals have a really high material footprint -- our clothes are linked to status and wealth, their materials sourced from all over the world, shipped to south-east Asia most often and then shipped here, only to be replaced by next season's trends. The things that humans can attach status to are so fluid, we could be replacing all of it with things that essentially have no material footprint -- or even better, have an ecologically positive one."

The global economy is on course to record its worst half decade of growth in 30 years, according to the World Bank. From a report: Global growth is forecast to slow for the third year in a row in 2024, dipping to 2.4% from 2.6% in 2023, the organization said in its latest "Global Economic Prospects" report released Tuesday. Growth is then expected to rise marginally to 2.7% in 2025, though acceleration over the five-year period will remain almost three-quarters of a percentage point below the average rate of the 2010s.

And despite the global economy proving resilient in the face of recessionary risks in 2023, increased geopolitical tensions will present fresh near-term challenges, the organization said, leaving most economies set to grow more slowly in 2024 and 2025 than they did in the previous decade. "You have a war in Eastern Europe, the Russian invasion of Ukraine. You have a serious conflict in the Middle East. Escalation of these conflicts could have significant implications for energy prices that could have impacts on inflation as well as on economic growth," Ayhan Kose, the World Bank's deputy chief economist and director of the Prospects Group, told CNBC's Silvia Amaro. The bank warned that without a "major course correction," the 2020s will go down as "a decade of wasted opportunity."

An anonymous reader quotes a report from The Verge: Using satellite imagery and AI, researchers have mapped human activity at sea with more precision than ever before. The effort exposed a huge amount of industrial activity that previously flew under the radar, from suspicious fishing operations to an explosion of offshore energy development. The maps were published today in the journal Nature. The research led by Google-backed nonprofit Global Fishing Watch revealed that a whopping three-quarters of the world's industrial fishing vessels are not publicly tracked. Up to 30 percent of transport and energy vessels also escape public tracking. Those blind spots could hamper global conservation efforts, the researchers say. To better protect the world's oceans and fisheries, policymakers need a more accurate picture of where people are exploiting resources at sea.

Until now, Global Fishing Watch and other organizations relied primarily on the maritime Automatic Identification System (AIS) to see what was happening at sea. The system tracks vessels that carry a box that sends out radio signals, and the data has been used in the past to document overfishing and forced labor on vessels. Even so, there are major limitations with the system. Requirements to carry AIS vary by country and vessel type. And it's pretty easy for someone to turn the box off when they want to avoid detection, or cruise through locations where signal strength is spotty. To fill in the blanks, Kroodsma and his colleagues analyzed 2,000 terabytes of imagery from the European Space Agency's Sentinel-1 satellite constellation. Instead of taking traditional optical imagery, which is like snapping photos with a camera, Sentinel-1 uses advanced radar instruments to observe the surface of the Earth. Radar can penetrate clouds and "see" in the dark -- and it was able to spot offshore activity that AIS missed.

Since 2,000 terabytes is an enormous amount of data to crunch, the researchers developed three deep-learning models to classify each detected vessel, estimate their size, and sort out different kinds of offshore infrastructure. They monitored some 15 percent of the world's oceans where 75 percent of industrial activity takes place, paying attention to both vessel movements and the development of stationary offshore structures like oil rigs and wind turbines between 2017 and 2021. While fishing activity dipped at the onset of the covid-19 pandemic in 2020, they found dense vessel traffic in areas that "previously showed little to no vessel activity" in public tracking systems -- particularly around South and Southeast Asia, and the northern and western coasts of Africa.

A boom in offshore energy development was also visible in the data. Wind turbines outnumbered oil structures by the end of 2020. Turbines made up 48 percent of all ocean infrastructure by the following year, while oil structures accounted for 38 percent. Nearly all of the offshore wind development took place off the coasts of northern Europe and China. In the Northeast US, clean energy opponents have tried to falsely link whale deaths to upcoming offshore wind development even though evidence points to vessel strikes being the problem. Oil structures have a lot more vessels swarming around them than wind turbines. Tank vessels are used at times to transport oil to shore as an alternative to pipelines. The number of oil structures grew 16 percent over the five years studied. And offshore oil development was linked to five times as much vessel traffic globally as wind turbines in 2021. "The actual amount of vessel traffic globally from wind turbines is tiny, compared to the rest of traffic," Kroodsma says.

"Digital twin technology is one of the most significant disruptors of global manufacturing seen this century," argues Motor Trend, "and the automobile industry is embracing it in a big way." Roughly three-quarters of auto manufacturers are using digital twins as part of their vehicle development process, evolving not only how they design and develop new cars but also the way they monitor them, fix them, and even build them...

Nvidia, best known for its consumer graphics cards, also has a digital twin solution, called Omniverse, which manufacturers such as Mercedes-Benz are using to design their manufacturing processes. "Their factory planners now have every single element in the factory that they can then put in that virtual digital twin first, lay it all out, and then operate it," Danny Shapiro, VP of automotive at Nvidia said. At that point, those planners can run the entire manufacturing process virtually, ensuring every conveyor feeds the next step in the process, identifying and addressing factory floor headaches long before production begins...

Software developers can run their solutions within digital twins. That includes the code at the lowest level, basic stuff that controls ignition timing within the engine for example, all the way up to the highest level, like touchscreens responding to user inputs. "We're not just simulating the operation outside the car, but the user experience," Nvidia's Shapiro said. "We can simulate and basically run the real software that would be running in that car and display it on the screens." By bringing all these systems together virtually, developers can find and solve issues earlier, preventing costly development delays or, worse yet, buggy releases...

Using unique identifiers, manufacturers can effectively create internal digital copies of vehicles that have been produced. Those copies can be used for ongoing tests and verifications, helping to anticipate things like required maintenance or susceptibility to part failures. By using telematics, in-car services that remotely communicate a car's status back to the manufacturer in real-time, these digital twins can be updated to match the real thing. "By monitoring tire health, tire grip, vehicle weight distribution, and other critical parameters, engineers can anticipate potential problems and schedule maintenance proactively, reducing downtime and extending the vehicle's lifespan," Tactile Mobility's Tzur said.

Marina Temkin, writing at PitchBook: Boston-based OpenView stunned the VC world with news in early December that it laid off most of its employees and would stop all new investments months after raising its $570 million seventh fund. The 17-year-old firm, which managed $2.4 billion, was too prominent to keep its closure under wraps. But OpenView was far from the only investor that stopped backing startups this year.

The number of active investors in US VC, which we defined as making two or more deals, plummeted by 38% in the first three quarters of 2023 compared to the same period last year, according to PitchBook data. That translates to 2,725 fewer firms making deals. The decline in active investors is far higher than the 28% decrease in deal count during the period, the Q3 2023 PitchBook-NVCA Venture Monitor shows. The data indicates that investors are not merely writing fewer checks. Some dealmakers may have run out of funds and could be deemed zombie funds. Others, such as crossover investors, may have stopped allocating to the VC asset class.

All those original shows on streaming services brought us "peak TV." But the New York Times reports on the flipside: back in the cable universe, they're experiencing "zombie TV": In 2015, the USA cable network was a force in original programming. Dramas like "Suits," "Mr. Robot" and "Royal Pains" either won awards or attracted big audiences. What a difference a few years make. Viewership is way down, and USA's original programming department is gone. The channel has had just one original scripted show this year, and it is not exclusive to the network — it also airs on another channel. During one 46-hour stretch last week, USA showed repeats of NBC's "Law & Order: Special Victims Unit" for all but two hours, when it showed reruns of CBS' "NCIS" and "NCIS: Los Angeles."

Instead of standing out among its peers, USA is emblematic of cable television's transformation. Many of the most popular channels — TBS, Comedy Central, MTV — have quickly morphed into zombie versions of their former selves. Networks that were once rich with original scripted programming are now vessels for endless marathons of reruns, along with occasional reality shows and live sports... Advertisers have begun to pull money from cable at high rates, analysts say, and leaders at cable providers have started to question what their consumers are paying for. In a dispute with Disney this year, executives who oversee the Spectrum cable service said media companies were letting their cable "programming house burn to the ground...."

The media companies that own the channels are in a bind. The so-called cable bundle was enormously profitable for media companies, and more than 100 million households subscribed at the peak. But subscribers are rapidly declining as people migrate toward streaming. Now roughly 70 million households subscribe to cable. As a result, most media companies are pulling resources from their individual cable networks and directing investment toward their streaming services. Peacock, which is owned by NBCUniversal, also the parent of USA, has begun making more and more original scripted shows over the last three years.

However, most streaming services are hemorrhaging cash. (An NBCUniversal executive said this week that Peacock would lose $2.8 billion this year.) Cable, although it is getting smaller, remains profitable.
Media analyst Michael Nathanson believes last year was saw a "tipping point" when cable advertising decreased — by double-digit percentages — in five consecutive fiscal quarters. "Advertisers are starting to realize that there's really nothing on here and they shouldn't pay for it."

One consultant who works with entertainment companies and used to run marketing at the Oxygen cable network tells the newspaper that cable channels "are being stripped for parts." The article calculates that in 2022 there were 39% fewer scripted programs on basic and premium cable than there were in 2015.

"Reruns are filling the hole."

Long-time Slashdot reader schwit1 shared an interesting article from ScienceAlert: Undersea volcanic eruptions account for more than three-quarters of all volcanism on Earth, but rarely do we see the impacts. The Hunga Tonga-Hunga Ha'apai eruption of 2022 was a dramatic exception. Its furious explosion from shallow waters broke the ocean surface and punched through the stratosphere, generating supercharged lighting and an atmospheric shock wave that circled the globe several times.

But there was far more to the fallout than satellite images could possibly capture or observers could report. We know the human toll this explosion took, but now a new study investigating the underwater impacts of the Hunga-Tonga eruption has detailed just how ferociously the explosion tore open the seafloor, ripped up undersea cables, and smothered marine life... The team also compiled a trove of data from ship-based sonar, sediment cores, geochemical analyses, water column samples, and video footage to chart the devastatingly powerful upheaval...

Their analyses show at least 6 cubic kilometers (km3) of seafloor was lost from within the caldera — 20 times the eruptive volume of the 1980 Mount St. Helens eruption — and an additional 3.5 km3 of material was blasted out of the Hunga volcano's submerged flanks... That leaves roughly four-fifths of the ejected material in the ocean; material that was funneled into fast-moving density flows that scoured out tracks 30 meters deep in the seafloor and accumulated 22 meters (72 feet) thick in some places.