Serhat Gumrukcu faces trial in a purported plot to kill an associate who could have exposed him and derailed a drug-development deal worth millions. From a report: Even as a teenager back in Turkey, Serhat Gumrukcu dazzled audiences. In a 2002 video, he opened one of his magic shows dancing with a cane that appeared to be levitating. He was introduced as a medical student and went by the stage name "Dr. No." A little more than a decade later, not long after Mr. Gumrukcu arrived in the U.S., he had his hand in multimillion-dollar oil and real-estate deals. Yet his best-known venture was in medicine. For a time, he thrilled investors with ideas for groundbreaking treatments and drew special notice from the government's top infectious-disease official, Anthony Fauci. In America, the magician had found a new, more lucrative audience.

Enochian Biosciences co-founded by Mr. Gumrukcu in 2018, paid more than $21 million to companies controlled by Mr. Gumrukcu and his husband for consulting, research and the licensing of potential drugs to treat influenza, hepatitis B, HIV and Covid-19, company financial filings show. "Dr. Gumrukcu is one of those rare geniuses that is not bound by scientific discipline or dogma. He sees connections and opportunities often missed," Enochian Vice Chairman Mark Dybul, now chief executive, said in a 2019 news release about Enochian's licensing of a hepatitis B drug from a company controlled by Mr. Gumrukcu. Mr. Gumrukcu's success as a biotech entrepreneur afforded the purchase last year of an $18.4 million office complex in North Hollywood, a neighborhood in Los Angeles, and, earlier, a $5.5 million house in the Hollywood Hills.

Yet much of what people saw in Mr. Gumrukcu was an illusion he cast, misrepresenting himself and his credentials, according to state and federal authorities, court records, former colleagues and those who have sued and won judgments against him over fraudulent medical and financial dealings. Prosecutors now allege that Mr. Gumrukcu arranged the murder of a business associate, Gregory Davis, who threatened to expose him as a fraud. Such a revelation would have put at risk the 39-year-old entrepreneur's deal with Enochian, they said. Mr. Gumrukcu has been in custody at the Metropolitan Detention Center in Los Angeles since his arrest on May 24. A federal grand jury indicted him on murder conspiracy charges, an offense punishable by death.

Arm is announcing its new flagship Immortalis GPU today, its first to include hardware-based ray tracing on mobile. As PCs and the latest Xbox Series X and PS5 consoles are all gradually moving toward impressive ray-traced visuals, Immortalis-G715 is designed to be the Arm's first GPU to deliver the same on Android phones and tablets. From a report: Built on top of Mali, a GPU that's used by the likes of MediaTek and Samsung, Immortalis is designed with 10-16 cores in mind and promises a boost of 15 percent over the previous generation premium Mali GPUs. Arm sees Immortalis as the start of a transition to ray tracing on mobile following its success with the 8 billion Mali GPUs that have shipped to date.

"The challenge is that Ray Tracing techniques can use significant power, energy, and area across the mobile system-on-a-chip (SoC)," explains Andy Craigen, director of product management at Arm. "However, Ray Tracing on Immortalis-G715 only uses 4 percent of the shader core area, while delivering more than 300 percent performance improvements through the hardware acceleration."

It's not clear if a 3x speedup over software-based ray tracing will be enough to tempt game developers, but when Nvidia introduced hardware accelerated ray tracing in its RTX 2080, it advertised a 2x-3x boost at the time. "It's the right performance point for now to get this technology into the market," says Arm's Paul Williamson, adding that it may also come in handy in augmented reality applications where RT could be used to match virtual lighting to the real-world environment around you. Arm is already delivering software-based ray tracing in last year's Mali-G710, but the promise of hardware support means we will start to see flagship smartphones with this chip at the beginning of 2023. Samsung also announced its Exynos 2200 chip with hardware-based ray tracing earlier this year, so manufacturers are getting ready for the games to arrive.

Google has asked the Federal Election Commission to green light a program that could keep campaign emails from ending up in spam folders, according to a filing obtained by Axios. From a report: Google has come under fire that its algorithms unfairly target conservative content across its services, and that its Gmail service filters more Republican fundraising and campaign emails to spam. Republican leadership introduced a bill this month that would require platforms to share how their filtering techniques work and make it illegal to put campaign emails into spam unless a user asks. Google's pilot program, per the June 21 filing, would be for "authorized candidate committees, political party committees and leadership political action committees registered with the FEC." It would make campaign emails from such groups exempt from spam detection as long as they don't violate Gmail's policies around phishing, malware or illegal content. Instead, when users would receive an email from a campaign for the first time, they would get a âoeprominentâ notification asking if they want to keep receiving them, and would still have the ability to opt out of subsequent emails.

slack_justyb shares a report from ZDNet: For over three decades, Linux has been written in the C programming language. Indeed, Linux is C's most outstanding accomplishment. But the last few years have seen a growing momentum to make the Rust programming language Linux's second Linux language. At the recent Open Source Summit in Austin, Texas, Linux creator Linus Torvald said he could see Rust making it into the Linux kernel as soon as the next major release. "I'd like to see the Rust infrastructure merging to be started in the next release, but we'll see." Linux said after the summit. "I won't force it, and it's not like it's going to be doing anything really meaningful at that point -- it would basically be the starting point. So, no promises."

Now, you may ask: "Why are they adding Rust at all?" Rust lends itself more easily to writing secure software. Samartha Chandrashekar, an AWS product manager, said it "helps ensure thread safety and prevent memory-related errors, such as buffer overflows that can lead to security vulnerabilities." Many other developers agree with Chandrashekar. Torvalds also agrees and likes that Rust is more memory-safe. "There are real technical reasons like memory safety and why Rust is good to get in the kernel." Mind you, no one is going to be rewriting the entire 30 or so million lines of the Linux kernel into Rust. As Linux developer Nelson Elhage said in his summary of the 2020 Linux Plumber's meeting on Rust in Linux: "They're not proposing a rewrite of the Linux kernel into Rust; they are focused only on moving toward a world where new code may be written in Rust." The three areas of potential concern for Rust support are making use of the existing APIs in the kernel, architecture support, and dealing with application binary interface (ABI) compatibility between Rust and C.

Google is warning of a sophisticated new spyware campaign that has seen malicious actors steal sensitive data from Android and iOS users in Italy and Kazakhstan. Engadget reports: On Thursday, the company's Threat Analysis Group (TAG) shared its findings on RCS Labs, a commercial spyware vendor based out of Italy. On June 16th, security researchers at Lookout linked the firm to Hermit, a spyware program believed to have been first deployed in 2019 by Italian authorities as part of an anti-corruption operation. Lookout describes RCS Labs as an NSO Group-like entity. The firm markets itself as a "lawful intercept" business and claims it only works with government agencies. However, commercial spyware vendors have come under intense scrutiny in recent years, largely thanks to governments using the Pegasus spyware to target activists and journalists.

According to Google, Hermit can infect both Android and iOS devices. In some instances, the company's researchers observed malicious actors work with their target's internet service provider to disable their data connection. They would then send the target an SMS message with a prompt to download the linked software to restore their internet connection. If that wasn't an option, the bad actors attempted to disguise the spyware as a legitimate messaging app like WhatsApp or Instagram.

What makes Hermit particularly dangerous is that it can gain additional capabilities by downloading modules from a command and control server. Some of the addons Lookout observed allowed the program to steal data from the target's calendar and address book apps, as well as take pictures with their phone's camera. One module even gave the spyware the capability to root an Android device. Google believes Hermit never made its way to the Play or App stores. However, the company found evidence that bad actors were able to distribute the spyware on iOS by enrolling in Apple's Developer Enterprise Program. Apple told The Verge that it has since blocked any accounts or certificates associated with the threat. Meanwhile, Google has notified affected users and rolled out an update to Google Play Protect.

An anonymous reader quotes a report from The Drive: AMcMurtry Speirling piloted by former F1 and IndyCar racing driver Max Chilton broke the Goodwood hill record Sunday, crushing the previous record set by the VW ID.R by nearly a full second. The electric fan car rocketed -- almost literally -- up the hill in a staggering 39.08 seconds, compared to the electric prototype's 39.90. The Speirling is the creation of a British-Irish startup that set out to build a ridiculously powerful and lightweight car that could be driven on the track and on the streets (a road-legal version of the Goodwood fan car is in the works). The batmobile-looking machine reportedly weighs less than 1,000 kilograms (less than 2,200 pounds), yet boasts over 1,000 horsepower courtesy of its dual electric motors. While boasting a power-to-weight ratio of 1,000 bhp per ton surely played a role at the Goodwood Festival of Speed over the weekend, it's the car's twin fans hidden within the bespoke chassis that really helped it achieve that record-setting time. Much like Gordon Murray's T.50 supercar, the Speirling's fans essentially suck the car to the ground and provide it with other-worldly downforce. Factor in the massive rear wing and other external bodywork, and the EV is essentially glued to the road while cornering at high speed. You can watch video of the impressive feat here.

An anonymous reader quotes a report from the Independent: The so-called "blank check" company behind former president Donald Trump's Truth Social platform now appears to be the subject of an investigation by federal prosecutors who are looking into whether the company or its executives violated federal securities laws. Shares of the Special Purpose Acquisition Company, known as Digital World Acquisition Corporation, fell nine percent in early trading on Monday after CEO Patrick Orlando filed a statement with the Securities and Exchange Commission to report that the company, which is pursuing a merger with the former president's Trump Media and Technology Group, was issued a subpoena by a federal grand jury in the Southern District of New York.

Mr Orlando also wrote that each member of DWAC's board of directors has also been issued a subpoena by the same grand jury. The grand jury subpoenas, he said, appear to be "seeking various documents and information" that are substantially similar to subpoenas issued to the company by the SEC earlier this year, as well as documents relating to the company's previous SEC filings, "communications with or about multiple individuals, and information regarding Rocket One Capital," a venture capital and private equity firm. The US securities regulator is probing whether DWAC executives violated laws which ban negotiations between the company and Mr Trump's tech firm before DWAC went public in late 2021. After Mr Trump announced his company's pending deal with DWAC, shares in the public company skyrocketed by over 400 per cent.

A previous filing by Mr Orlando stated that the SEC subpoena sought documents concerning "among other things, Digital World's due diligence regarding TMTG, communications regarding and due diligence of potential targets other than TMTG, relationships between and among Digital World (and/or certain of Digital World's officers and directors) and other entities (including ARC Global Investments II LLC, Digital World's sponsor, and certain advisors, including Digital World's underwriter and financial advisor in its initial public offering)." Additionally, the pending merger is also the subject of an investigation by the Financial Industry Regulatory Authority, a commercial entity that acts as a self-regulator for brokerage firms and securities exchange markets.

Valuations have collapsed even faster than they climbed, making fresh funding hard to come by. From a report: As a wave of fintechs rode successive funding rounds to ever-higher valuations over the past five years, Swedish buy now, pay later company Klarna declared its ambition to become the Ryanair, Tesla and Amazon of the sector. But now as central banks raise rates in a fight against surging inflation, Klarna is trying to raise fresh cash at less than half its peak $46bn valuation and fintechs are having to come to terms with a world where expansion can no longer be fuelled by cheap money and business models must be demonstrated by profits. A record amount of investment poured into fintech companies in 2021, but many now struggle to raise fresh funds and are discussing selling themselves or accepting lower valuations to stay afloat, according to investors, analysts and executives in the industry.

On Thursday, payments services provider SumUp raised cash at a valuation of $8.5bn -- significantly below the $21bn valuation mooted earlier this year. And as belts tighten, a fintech's chances of survival may be measured by the amount of cash sitting on its balance sheet. "You are in panic mode if your runway is less than a year," said Erik Podzuweit, founder and co-chief executive officer of German investment app Scalable Capital. Venture capital firms more than doubled their investments in the sector last year to $134bn, helping fintech valuations outperform any other tech subsector, according to Crunchbase data. Funding peaked in the second quarter of 2021 as investors such as Accel, Sequoia Capital, SoftBank and Berkshire Hathaway backed groups including Brazilian digital lender Nubank, German broker Trade Republic and Amsterdam-based payments company Mollie. Financial services companies accounted for roughly $1 out of every $5 in venture capital investment last year.

But now public fintech valuations have collapsed even faster than they climbed as funding slowed sharply in the first quarter. Fintech valuations have had a steeper decline than any other technology sector, according to a recent report by Andreessen Horowitz partners, which cited data from Capital IQ. Valuations fell from 25 times forward revenue in October of 2021 to four times in May. Fintech fundraising in the most recent quarter dropped 21 per cent to $28.8bn from the record high of $36.6bn reached in the second quarter of last year, according to CB Insights.

After sunsetting Google Hangouts for Workspace users in February, Google's now beginning the process of migrating free, personal Hangouts users to Chat. In an announcement posted to its blog, Google says people who still use the Hangouts mobile app will see a prompt to move to Chat. From a report: As for users who use Hangouts in Gmail on the web, Google says it won't start prompting users to make the switch to Chat until July. Hangouts will remain usable on its desktop site until November, and Google says it will warn users "at least one month" in advance before it starts pointing the Hangouts site to Chat.

Even as supply-chain snarls ease, wage growth and price expectations are ticking up. The Economist: The bad news on inflation just keeps coming. At more than 9% year on year across the rich world, it has not been this high since the 1980s -- and there have never been so many "inflation surprises," where the data have come in higher than economists' forecasts (see chart in the linked story). This, in turn, is taking a heavy toll on the economy and financial markets. Central banks are raising interest rates and ending bond-buying schemes, crushing equities. Consumer confidence in many places is now even lower than it was in the early days of the covid-19 pandemic. "Real-time" economic indicators of everything from housing activity to manufacturing output suggest that economic growth is slowing sharply.

What consumer prices do next is therefore one of the most important questions for the global economy. Many forecasters expect that annual inflation will soon ebb, in part because of last year's sharp increases in commodity prices falling out of the year-on-year comparison. In its latest economic projections the Federal Reserve, for instance, expects annual inflation in America (as measured by the personal-consumption-expenditure index) to fall from 5.2% at the end of this year to 2.6% by the end of 2023. You might be forgiven for not taking these prognostications too seriously. After all, most economists failed to see the inflationary surge coming, and then wrongly predicted it would quickly fade. In a paper published in May, Jeremy Rudd of the Fed made a provocative point: "Our understanding of how the economy works -- as well as our ability to predict the effects of shocks and policy actions -- is in my view no better today than it was in the 1960s." The future path of inflation is, to a great extent, shrouded in uncertainty.

Some indicators point to more price pressure to come in the near term. Alternative Macro Signals, a consultancy, runs millions of news articles through a model to construct a "news inflation pressure index." The results, which are more timely than the official inflation figures, measure not just how frequently price pressures are mentioned, but also whether the news flow suggests that pressures are building up. In both America and the euro area the index is still miles above 50, indicating that pressures are continuing to build. Inflation worry-warts can point to three other indicators suggesting that the rich world is unlikely to return to the pre-pandemic norm of low, stable price growth any time soon: rising wage growth, and increases in the inflation expectations of both consumers and companies.

Clinics offering debunked cancer treatments are still allowed to advertise, despite the company's stated efforts to control medical misinformation. From a report: The ad reads like an offer of salvation: Cancer kills many people. But there is hope in Apatone, a proprietary vitamin C-based mixture, that is "KILLING cancer." The substance, an unproven treatment that is not approved by the FDA, is not available in the United States. If you want Apatone, the ad suggests, you need to travel to a clinic in Mexico. If you're on Facebook or Instagram and Meta has determined you may be interested in cancer treatments, it's possible you've seen this ad, or one of the 20 or so others recently running from the CHIPSA hospital in Mexico near the US border, all of which are publicly listed in Meta's Ad Library. They are part of a pattern on Facebook of ads that make misleading or false health claims, targeted at cancer patients.

Evidence from Facebook and Instagram users, medical researchers, and its own Ad Library suggests that Meta is rife with ads containing sensational health claims, which the company directly profits from. The misleading ads may remain unchallenged for months and even years. Some of the ads reviewed by MIT Technology Review promoted treatments that have been proved to cause acute physical harm in some cases. Other ads pointed users toward highly expensive treatments with dubious outcomes. CHIPSA, which stands for Centro Hospitalario Internacional del Pacifico, S.A, was founded in 1979 and refers to itself as a community hospital offering integrative treatments for cancer. On Facebook, the facility describes itself as being at the "cutting edge" of cancer research. But the hospital's foundational diet-based therapy, called the Gerson Protocol, is "all nonsense," says David Gorski, a surgical oncologist at Wayne State University in Michigan and the managing editor of the website Science-Based Medicine. Developed by a German doctor in the 1920s to treat migraines, the regimen consists of a special diet and frequent "detox" procedures. It has been discredited for decades in the medical community.

Following the launch of Apple's new 13-inch MacBook Pro with the M2 chip, it has been discovered that the $1,299 base model with 256GB of storage has significantly slower SSD read/write speeds compared to the equivalent previous-generation model. From a report: YouTube channels such as Max Tech and Created Tech tested the 256GB model with Blackmagic's Disk Speed Test app and found that the SSD's read and write speeds are both around 1,450 MB/s, which is around 50% slower reading and around 30% slower writing compared to the 13-inch MacBook Pro with the M1 chip and 256GB of storage.

Disk Speed Test app numbers shared by Vadim Yuryev of Max Tech:
13-inch MacBook Pro (M1/256GB) Read Speed: 2,900
13-inch MacBook Pro (M2/256GB) Read Speed: 1,446
13-inch MacBook Pro (M1/256GB) Write Speed: 2,215
13-inch MacBook Pro (M2/256GB) Write Speed: 1,463

Yuryev disassembled the new 13-inch MacBook Pro and discovered that the 256GB model is equipped with only a single NAND flash storage chip, whereas the previous model has two NAND chips that are likely 128GB each. This difference likely explains why the new model has a slower SSD, as multiple NAND chips allows for faster speeds in parallel.

Venture capital-backed startups raised far fewer rounds of funding during the past three months than they did during the more ebullient days of late last year and early this year, according to new data from analytics firm CB Insights. From a report: Deal activity across the globe dropped 23% between the first quarter and second quarter of this year, the firm found, using data for the second quarter through June 23. That's a stark contrast to the previous quarter, where the deal count dropped only 1.4% -- and an indication that the roiling of the crypto and public markets are affecting private companies. Investors are not just writing fewer checks but also smaller ones. The total funding amount going to startups for the current quarter to date dropped 27% compared to the first quarter. Those numbers are likely to change before the second quarter is officially over in a week, but the drop appears to be more severe than the 19% CB Insights had predicted just a month ago. Late-stage companies are getting squeezed particularly hard: Funding in Series D rounds or beyond dropped 43%.

VentureBeat reports: Video game legend Bernie Stolar, former president of Sega of America, has passed away at the age of 75, friends said.
Bernie Stolar was the first executive VP of Sony Computer Entertainment America, according to their article, and helped line up the games for the launch of the first PlayStation, eventually signing franchises like Crash Bandicoot, Ridge Racer, Oddworld Inhabitants, Spyro The Dragon and Battle Arena Toshinden.

VentureBeat remembers how Stolar then became president/COO of Sega of America, helping lead the development and launch of the Sega Dreamcast (while killing development of their home video console Saturn). Stolar acquired Visual Concepts for Sega of America, which ultimately led to the creation of 2K Sports. Joining Mattel in 1999, he helped the company sell a line of videogames.

But then Stolar became an adviser/director at Adscape Media, and later sold that company to Google for $23 million. The lead writer for VentureBeat's GameBeat remembers what happened next — and what he'd learned after interviewing Stolar in 2015: "There was no interest in games at Google at the time," Stolar said. "I went to the CEO, who was Eric Schmidt, and said, 'Why don't we put advertising in all these games and give them away for free online?' He said, 'We're not in the game business." I said, 'We're not going into the game business. We're not developing games. We're taking games from publishers and streaming those through our online network.' He wouldn't do it. That's when I knew I should leave the company...."

Toward the end of our interview in 2015, Stolar said, "I've been doing this since 1980. I love this business. I love it because I get to work with people who are young and passionate. I'm one of the old gray-haired guys in the industry, but it's wonderful to work with all this young talent."

Stolar joked he could be the grandfather for the CEOs he was advising. I asked Stolar how long he would work.

"Put it this way. I've spoken to two individuals about this, Sumner Redstone and Rupert Murdoch," he said. "They're both in their 80s. They're both multi-billionaires. They certainly don't have to work, right? And they've both said to me, 'If you retire, you die.' I believe that. My father, when he sold his liquor store and stopped working, passed away three months later. I'm not going to stop."

The Guardian reports on the "world's first production-ready solar car", a streamlined and energy-efficient sedan-style vehicle covered with curved solar panels called "the Lightyear 0."

The Dutch company Lightyear hopes to be shipping the vehicle by November, priced at about $264,000 (€250,000 or £215,000) — though the company plans another solar-assisted car priced at $32,000 (€30,000) as early as 2025.

Lead engineer Roel Grooten credits their car's efficiency to things like the "low-rolling resistance of the tyres, of the bearing s and the motor." It is this streamlined design that the company credits for allowing it to muscle its way into a space long overlooked by most car manufacturers...."If we would have the same amount of energy that we harvest on these panels on any other car that uses three times the amount of energy to drive, it becomes useless. It becomes a very expensive gimmick," said Grooten. "You have to build this car from the ground up, to make it as efficient as possible, to make it this feasible."

In optimal conditions, the solar panels can add up to 44 miles a day to the 388-mile range the car gets between charges, according to the company. Tests carried out by Lightyear suggest people with a daily commute of less than 22 miles could drive for two months in the Netherlands without needing to plug in, while those in sunnier climes such as Portugal or Spain could go as long as seven months....

In an effort to use as much of this solar energy as possible, the windswept design eschews side-view mirrors for cameras and runs off lightweight electric motors tucked into its wheels. The body panels are crafted from reclaimed carbon fibre and the interiors are fashioned from vegan, plant-based leather with fabrics made from recycled polyethylene terephthalate bottles.
The article notes that Mercedes-Benz also plans rooftop solar panels for an upcoming electric car, while Toyota's Prius hybrids also sometimes offer limited-capacity panels as add-ons. Other companies planning solar-assisted vehicles include Sono Motors and Aptera Motors.

Here's an announcement from lawfirm DiCello Levitt Gutzler. This week a U.S. District court "granted preliminary approval of a $90 million settlement" with Facebook's parent company, Meta Platforms, "to resolve a long-running class action accusing Facebook of tracking its subscribers' activities on non-Facebook websites — even while signed out of their Facebook accounts."

"The monetary component makes this the seventh-largest data privacy class action settlement ever to receive preliminary court approval."

Long-time Slashdot reader destinyland quotes the announcement: Individuals who, between April 22, 2010, and September 25, 2011, inclusive, were Facebook users in the United States and visited non-Facebook websites that displayed the Facebook Like button, may be eligible for a payment from the settlement fund. Email notices from the claims administrator, Angeion, have started to go out, and will continue in batches through July 15, 2022. Recipients of an email notice should note an ID and confirmation code in the top left corner, which should be use in submitting their claim.

However, even those who do not receive an email notice are still permitted to file a claim, and the administrator will determine whether they are eligible.

The correct link to the class action lawsuit website is: fbinternettrackingsettlement.com/

The deadline to submit a claim is September 22, 2022.
Komando.com adds that "While Facebook has denied any wrongdoing, it chose to settle the matter outside of court before it went to trial..."

"It's impossible to tell how much you can get at this stage in the lawsuit, as the final payout will depend on the number of claims submitted and additional fees. All settlement class members will be paid in equal amounts."

Last week a headline in the Los Angeles Times proclaimed "Look! Up in the sky! It's an air taxi. They're coming to Los Angeles."

Even the British newspaper the Times took notice: Air taxis will be flying through the skies above Los Angeles in time for the summer Olympics of 2028 if city officials and entrepreneurs have their way.

A Silicon Valley company is the latest to claim that it is close to creating viable electric vehicles that can offer short hops above the traffic-choked streets for not much more than the cost of an Uber ride. Adam Goldstein, chief executive of Archer Aviation, told the Los Angeles Times that his vertical take-off aircraft, designed to travel 60 miles on a single charge at up to 150mph, would "completely change the way we live, the way we work", and could be flying within two years.
The Los Angeles Times cited estimates of $1 billion spent testing electric vertical takeoff and landing aircraft, known as eVTOL, just last year, and noted the "hundreds of companies competing" to build a new "transportation empire." And their opening paragraph paints the scene: Imagine avoiding that soul-crushing, hourlong slog — say from Santa Monica to downtown L.A. on a Tuesday morning. Instead, you hail a high-tech cab that will hop over the gridlock and get you there in nine minutes.... The promise of flying cars — for generations a Hollywood staple of a space-age future, from "The Jetsons" to "Blade Runner" — is finally becoming a reality, so much so that a Swedish company is already selling a single-passenger vehicle called Jetson 1. Los Angeles transportation officials are preparing for this new era and expect drone-like electric air taxis to be operational by the time the 2028 Summer Olympics roll around, if not far sooner....

While many detractors doubt that such travel will soon be viable, affordable or safe, the industry is working with cities to make the technology a reality in the next five years.
The Observer also noted that another eVTOL pioneer, Germany's Volocopter, plans to launch commercial service for its two-seat VoloCity aircraft in 2024 in Europe, with a four-seater by 2026. But are there possible downsides? In cities like New York, wealthy commuters are already taking helicopter rides on a regular basis, and complaints about helicopter noise have skyrocketed in recent years, prompting the city to introduce a bill last week to ban non-essential helicopter uses, such as sightseeing and short-distance travel, in parts of Manhattan.

eVTOLs are quieter than helicopters by design, but they are by no means silent.
Even the Los Angeles Times acknowledges "There are concerns about safety, quality of life and affordability." While a single air taxi may be relatively quiet, what happens when there is a constant stream of them coming in and out of a landing spot? Should there be nighttime restrictions on flights? Will this just be a means for the ultra-wealthy to buzz over poor neighborhoods to Dodger Stadium or Crypto.com Arena?
But the Times' article still drew angry letters to the editor, with one calling air taxis "a disaster waiting to happen." Instead of boosterism reporting and parroting industry marketing claims that these aircraft are some kind of a godsend, how about reporting on how many decibels these flying bubbles for the elite will blare onto the plebes below...? [T]he paper's naive reporting on the technology are disappointing.
They'd also called the Times' claim of $50-a-flight prices "fanciful" — and a second letter writer also expressed skepticism about that low estimated cost. "That reminds one of the outlandish initial promise we were given that the bullet train would cost $33 billion to build."

Sir Tim Berners-Lee "is skeptical about a blockchain-based internet," reports the Next Web. Instead, they describe his new vision as "a decentralized architecture that gives users control of their data" — on a Platform called Solid: Berners-Lee shares Web3's purported mission of transferring data from Big Tech to the people. But he's taking a different route to the target. While Web3 is based on blockchain, Solid is built with standard web tools and open specifications. Private information is stored in decentralized data stores called "pods," which can be hosted wherever the user wants. They can then choose which apps can access their data. This approach aims to provide interoperability, speed, scalability, and privacy.

"When you try to build that stuff on the blockchain, it just doesn't work," said Berners-Lee.

Berners-Lee says Solid serves two separate purposes. One is preventing companies f rom misusing our data for unsolicited purposes, from manipulating voters to generating clickbait.The other is providing opportunities to benefit from our information. Healthcare data, for instance, could be shared across trusted services to improve our treatment and support medical research. Our photos, meanwhile, could be supplied to Facebook friends, LinkedIn colleagues, and Flickr followers without having to upload the pictures to each platform.

This evokes Berners-Lee's original aim to make the web a collaborative tool. "I wanted to be able to solve problems when part of the solution is in my head and part of the solution is in your head, and you're on the other side of the planet — connected by the internet," he said.

"That was the sort of thing I wanted the web for. It took off more as a publishing medium — but all is not lost."

"The dream of the 1990s internet is still alive, if you look in the right corners," argues the New York Times' newsletter On Tech: More than 17 million Americans regularly use MapQuest, one of the first digital mapping websites that was long ago overtaken by Google and Apple, according to data from the research firm Comscore. The dot-com-era internet portal Go.com shut down 20 years ago, but its ghost lives on in the "Go" that's part of web addresses for some Disney sites.

Ask Jeeves, a web search engine that started before Google, still has fans and people typing "Ask Jeeves a question" into Google searches.

Maybe you scoff at AOL, but it is still the 50th most popular website in the U.S., according to figures from SimilarWeb. The early 2000s virtual world Second Life never went away and is now having a second life as a proto-metaverse brand....

There is something heartwarming about pioneers that shaped the early internet, lost their cool and dominance, and eventually carved out a niche. They'll never be as popular or powerful as they were a generation ago, but musty internet brands might still have a fruitful purpose. These brands have managed to stay alive through a combination of inertia, nostalgia, the fact they've produced a product that people like, digital moneymaking prowess and oddities of the rickety internet.

If today's internet powers like Facebook and Pinterest lose relevance, too, they could stick around for decades.
The article quotes Bloomberg Opinion columnist Ben Schott calling the older sites "almost cockroach brands. They're small enough and resilient enough that they can't be killed."

Bloomberg writes that the makers of the Robinhood app "faced a more dire situation during the height of last year's meme-stock frenzy than executives at the online brokerage let on publicly, according to a report from top Democrats on a key congressional committee." A more-than-yearlong investigation by staff on the House Financial Services Committee concluded Friday that the frenzied trading in GameStop Corp. and AMC Entertainment Holdings Inc. posed a significant threat to the online brokerage. Robinhood avoided defaulting on its regulatory collateral obligations in late January 2021 only because it received a waiver from its clearinghouse, according to the findings... "The company was only saved from defaulting on its daily collateral deposit requirement by a discretionary and unexplained waiver," according to the report. "Robinhood's risk-management processes did not work well to predict and avert the risk of default that materialized...."

The 138-page document released on Friday provides the most detailed look yet at how alarmed Robinhood executives grew over the situation in late January 2021. According to the findings, those actions didn't match the firm's public assertions.