Social Networks

Austria's Rebel Nuns Refuse To Give Up Instagram To Stay In Their Convent (npr.org) 48

Three Austrian nuns in their 80s who escaped a care home and reclaimed their old convent are refusing the church's offer to stay because it requires them to quit Instagram, stop speaking to the press, and avoid legal counsel -- conditions they call a gag order. Their standoff with church authorities has now escalated to the Vatican as the nuns continue posting to their 185,000 followers. NPR reports: Before the church authorities moved the nuns into care almost two years ago, the local abbey and Archdiocese of Salzburg acquired the convent. The sisters say they were not aware they were signing away what they understood to be their lifelong right to remain in the cloister. On Friday, their superior, Provost Markus Grasl from Reichersberg Abbey, announced that the sisters can stay. But his offer comes with conditions: The nuns must cease all social media activities, stop talking to the press and forgo seeking legal advice. The nuns have rejected the proposal, and now Grasl has called on the Vatican to intercede.

In a statement released Friday, the nuns said the provost's offer is nothing short of a gag order. Speaking via Instagram, Sister Regina said, "We can't agree to this deal. Without the media, we'd have been silenced." Sister Bernadette told Instagram followers: "We need to resolve this but any agreement we reach must be in accordance with God's will and shaped by human reason." [...] The provost's proposed agreement -- which NPR has seen -- also bans laypeople from entering the cloisters, including the sisters' helpers, many of whom they've known for decades and on whom the nuns now depend for help.

Speaking to NPR on Monday, the provost's spokesperson, crisis PR manager Harald Schiffl, said that the provost does not understand why the nuns reject his offer and that, in response, he has requested the Vatican authorities responsible for religious orders to step in. The Vatican has not commented on the situation. So while they await news from Rome, the sisters continue to follow the papal Instagram account. Schiffl says the terms relating to the nuns' social media use are reasonable: "The abbey wishes to discontinue the sisters' social media accounts because what they show has very little to do with real religious life."

Social Networks

What Happens When You Kick Millions of Teens Off Social Media? Australia's About to Find Out (cnn.com) 237

27 million people live in Australia. But there's a big change coming if you're under 16, reports CNN: From December 10, sites that meet the Australian government's definition of an "age-restricted social media platform" will need to show that they're doing enough to eject or block children under 16 or face fines of up to 49.5 million Australian dollars ($32 million). The list includes Snapchat, Facebook, Instagram, Kick, Reddit, Threads, TikTok, Twitch, X, and YouTube...

Meta says it'll start deactivating accounts and blocking new Facebook, Instagram and Threads accounts from December 4. Under-16s are being encouraged to download their content. Snap says users can deactivate their accounts for up to three years, or until they turn 16...

There's another sting in the ban, too, coming at the end of the Australian school year before the summer break in the southern hemisphere. For eight weeks, there'll be no school, no teachers — and no scrolling. For millions of children, it could be the first school break they spend in years without the company of time-killing social media algorithms, or an easy way to contact their friends. Even for parents who support the ban, it could be a very long summer.

"There's every chance that bans will spread..." the article argues. "Other countries around the world are taking notes as Australia explores new territory that some say mirrors safety evolutions of years past — the dawning realization that maybe cars need safety belts, and that perhaps cigarettes should come with some kind of health warning." And according to the Associated Press, Malaysia "has also announced plans to ban social media accounts for children under 16 starting in 2026."

But CNN reports few teenagers in Australia knew about its impending ban on social media, judging by a show of hands at one high school auditorium. Teenagers in the audience had two questions.
  • "Can you get your account back when you turn 16?"
  • "What if I lie about my age?"

Australia

Australia Risks 2035 Climate Goal Without Bigger Emissions Cuts (bloomberg.com) 31

Australia warned it's in danger of missing its 2035 climate targets without deeper pollution cuts, which in turn threatens the nation's ambitions to reach net zero by mid-century. From a report: Emissions are set to fall 48% by 2035 from 2005 levels based on current projections [non-paywalled source], the government said in a report on Thursday. That's short of an official pledge to cut greenhouse gases between 62% and 70%. The forecast doesn't take into account new action planned under the nation's Net Zero Plan. Still, the targets remain achievable and officials plan to take additional measures to meet them, Minister for Climate Change and Energy Chris Bowen said in a speech to parliament.
The Almighty Buck

Newegg Sparks Debate With New PayPal-Integrated AI Shopping Push (nerds.xyz) 19

BrianFagioli writes: Newegg's new partnership with PayPal is another sign that mainstream e-commerce is shifting control from users to AI-driven intermediaries. Instead of shoppers visiting Newegg directly, PayPal's agentic commerce system pushes product discovery through AI platforms like Perplexity where recommendations, checkout, and fraud checks all happen inside someone else's controlled environment. Newegg stays the merchant of record, but the real influence shifts to the platforms that decide which products their AI agents mention. That may sound convenient, but it also means discovery becomes guided by training data and commercial integrations rather than user intent.

Slashdot readers will likely notice the other issue. This setup puts PayPal deeper into the shopping pipeline at a time when many users already avoid the company over account freezes and dispute policies. An AI-mediated shopping experience where PayPal becomes the silent gatekeeper by default is not going to sit well with everyone. And with AI agents shaping purchasing decisions based on behavior and context, the concept of intent-driven shopping starts to look a lot like quiet nudging rather than empowerment. Newegg may see this as the future, but the community will probably ask whether users truly want AI systems and PayPal deciding how they shop.

China

China's Dual Squeeze on European Industry Intensifies 99

European manufacturers are facing a two-front assault from China that has German industry associations warning of deindustrialisation: on one side, artificially cheap Chinese goods are flooding into Europe, and on the other, Beijing has demonstrated its willingness to abruptly cut off access to critical inputs like rare earths and semiconductors.

The alarm intensified in October when China added five rare earths to its export-licensing regime and then banned exports of computer chips made by Nexperia, a Dutch-headquartered but Chinese-owned chipmaker that supplies numerous European carmakers, according to The Economist.

Several European firms warned of production stoppages, and some German companies put workers on leave without pay. Germany's trade deficit with China hit $76.52 billion last year and is expected to surge to around $100.87 billion this year, The Economist reported, driven by collapsing German exports and a rush of imports in categories like cars, chemicals, and machinery that were once German specialties. Chinese brands now account for 20% of Europe's hybrid market and 11% of electric vehicle sales. German cars command just 17% of the Chinese market, down from 27% in 2020.

The rare earth controls were suspended for a year after the US and China struck a trade deal on October 30th, but the EU found itself a bystander to negotiations that directly affected its economy. Writing in the Financial Times, Robin Harding argues that China's explicit goal of self-sufficiency leaves Europe with few options. "There is nothing that China wants to import, nothing it does not believe it can make better and cheaper," he wrote, concluding that large-scale protectionism may be unavoidable if Europe wants to retain any industry at all.
Television

Plex Is Now Enforcing Remote Play Restrictions On TVs 77

Plex is beginning to enforce new restrictions on remote streaming for its TV apps, requiring either a Plex Pass or the cheaper Remote Watch Pass to watch media from servers outside your home network. How-To Geek reports: Plex is now rolling out the remote watch changes to its Roku TV app. This means that you will need a Plex Pass or Remote Watch Pass for your Plex account if you want to stream media from a server outside your home. If you're only watching media from your own server on the same local network as your Roku device, or the owner of the server you're streaming from has Plex Pass, you don't have to do anything.

Plex says this change will come to the other TV apps in 2026, such as Fire TV, Apple TV, and Android TV. Presumably, that will happen when the redesigned app arrives on those platforms. Roku was just the first TV platform to get the new app, which caused a wave of complaints from users about removed functionality and a more clunky redesign. Plex is addressing some of those complaints with more updates, but adding another limitation at the same time isn't a great look.

The Remote Watch Pass costs $2 per month or $20 per year, but there's no lifetime purchase option. You can also use a Plex Pass, which normally costs $7 per month, $70 per year, or $250 for a lifetime license. However, there's currently a 40% off sale for Plex Pass subscriptions.
AI

Warner Music Group Partners With Suno To Offer AI Likenesses of Its Artists 31

Warner Music Group has reached a licensing deal with Suno that will let users create AI-generated music using the voices and likenesses of artists who opt in. WMG says participating artists will have "full control" over how their likeness and music are used. "These will be new creation experiences from artists who do opt in, which will open up new revenue streams for them and allow you to interact with them in new ways," Suno says, adding that users will be able to "build around" an artist's sounds "and ensure they get compensated." WMG is also dropping its previous lawsuit accusing Suno of scraping copyrighted material.

"Along with the licensing agreement, Suno is planning to use licensed music from WMG to build next-gen music generation models that it claims will surpass its flagship v5 model," adds The Verge. "It will also start requiring users to have a paid account to download songs starting next year, with each tier providing a specific number of downloads each month."

Further reading: First 'AI Music Creator' Signed by Record Label. More Ahead, or Just a Copyright Quandry?
Privacy

Google Maps Will Let You Hide Your Identity When Writing Reviews (pcmag.com) 37

An anonymous reader quotes a report from PCMag: Four new features are coming to Google Maps, including a way to hide your identity in reviews. Maps will soon let you use a nickname and select an alternative profile picture for online reviews, so you can rate a business without linking it to full name and Google profile photo. Google says it will monitor for "suspicious and fake reviews," and every review is still associated with an account on Google's backend, which it believes will discourage bad actors.

Look for a new option under Your Profile that says Use a custom name & picture for posting. You'll then be able to pick an illustration to represent you and add a nickname. Google didn't explain why it is introducing anonymous reviews; it pitched the idea as a way to be a business's "Secret Santa." Some users are nervous to publicly post reviews for local businesses as it may be used to track their location or movements. It may encourage more people to contribute honest feedback to its platform, for better or worse.
Further reading: Gemini AI To Transform Google Maps Into a More Conversational Experience
Apple

Poland Probes Apple Again Over App Tracking Transparency Rules (appleinsider.com) 4

Poland has launched a new antitrust investigation into Apple's App Tracking Transparency rules, questioning whether Apple misled users about privacy while giving its own apps a competitive advantage over third-party developers. AppleInsider reports: On November 25, Poland's UOKiK has started another investigation into App Tracking Transparency, and whether Apple had restricted competition in mobile advertising. Reuters reports that, to the anti-monopoly regulator, ATT may have limited advertisers' ability to collect user data for advertising purposes while simultaneously favoring Apple's ad program. On November 25, Poland's UOKiK has started another investigation into App Tracking Transparency, and whether Apple had restricted competition in mobile advertising. Reuters reports that, to the anti-monopoly regulator, ATT may have limited advertisers' ability to collect user data for advertising purposes while simultaneously favoring Apple's ad program.

This is not the first time that Poland has looked into ATT rules. In December 2021, the regulator held a similar probe following criticism from advertisers. It's not clear what that complaint determined, or if it is still ongoing. Regardless, in the new complaint, the logic is that Apple had a competitive advantage since its own apps were not subject to ATT rules, but third-party apps did have to deal with ATT. Since Apple didn't visibly ask for consent for its first-party apps in the same way, there is a presumption that Apple's rules only applied to other companies.

This is despite Apple's repeated insistence that it doesn't use the same kinds of collected data in its own apps and services for marketing purposes, as well as its stance on privacy in general. In short, Apple apps don't use the data, so it doesn't pop up a dialog box asking the user if the app can use the data. There is also the argument that, in setting up an account with Apple, users are providing blanket consent to the company. Implementing ATT on its own apps would therefore be a waste of time, since that consent was already granted.
Apple said that it will work with the regulator on the matter, but warned that it could force them to withdraw the feature "to the detriment of European consumers."
Music

Udio Users Can't Download Their AI Music Creations Anymore (theverge.com) 23

An anonymous reader shares a report: As part of the settlement with Universal, Udio has amended its terms of service, and users can no longer download their outputs. This has AI music makers furious, and with good reason. Unfortunately, they have little recourse, as the contract they sign when creating a Udio account includes a waiver of the right to bring a class action.
Music

Napster Said It Raised $3 Billion From a Mystery Investor. But Now the 'Investor' and 'Money' Are Gone (forbes.com) 41

An anonymous reader shared this report from Forbes: On November 20, at approximately 4 p.m. Eastern time, Napster held an online meeting for its shareholders; an estimated 700 of roughly 1,500 including employees, former employees and individual investors tuned in. That's when its CEO John Acunto told everyone he believed that the never-identified big investor — who the company had insisted put in $3.36 billion at a $12 billion valuation in January, which would have made it one of the year's biggest fundraises — was not going to come through.

In an email sent out shortly after, it told existing investors that some would get a bigger percentage of the company, due to the canceled shares, and went on to describe itself as a "victim of misconduct," adding that it was "assisting law enforcement with their ongoing investigations." As for the promised tender offer, which would have allowed shareholders to cash out, that too was called off. "Since that investor was also behind the potential tender, we also no longer believe that will occur," the company wrote in the email.

At this point it seems unlikely that getting bigger stakes in the business will make any of the investors too happy. The company had been stringing its employees and investors along for nearly a year with ever-changing promises of an impending cash infusion and chances to sell their shares in a tender offer that would change everything. In fact, it was the fourth time since 2022 they've been told they could soon cash out via a tender offer, and the fourth time the potential deal fell through. Napster spokesperson Gillian Sheldon said certain statements about the fundraise "were made in good faith based on what we understood at the time. We have since uncovered indications of misconduct that suggest the information provided to us then was not accurate."

The article notes America's Department of Justice has launched an investigation (in which Napster is not a target), while the Securities and Exchange Commission has a separate ongoing investigation from 2022 into Napster's scrapped reverse merger.

While Napster announced they'd been acquired for $207 million by a tech company named Infinite Reality, Forbes says that company faced "a string of lawsuits from creditors alleging unpaid bills, a federal lawsuit to enforce compliance with an SEC subpoena (now dismissed) and exaggerated claims about the extent of their partnerships with Manchester City Football Club and Google. The company also touted 'top-tier' investors who never directly invested in the firm, and its anonymous $3 billion investment that its spokesperson told Forbes in March was in "an Infinite Reality account and is available to us" and that they were 'actively leveraging' it..."

And by the end, "Napster appears to have been scrambling to raise cash to keep the lights on, working with brokers and investment advisors including a few who had previously gotten into trouble with regulators.... If it turns out that Napster knew the fundraise wasn't happening and it benefited from misrepresenting itself to investors or acquirees, it could face much bigger problems. That's because doing so could be considered securities fraud."
Open Source

Thunderbird Pro Enters Production Testing Ahead of $9/Month Launch (thunderbird.net) 24

Thunderbird Pro has moved its Thundermail email service into production testing as the open-source email client's subscription bundle of additional services prepares for an Early Bird beta launch at $9 per month that will include email hosting, encrypted file sharing through Send, and scheduling via Appointment.

Internal team members are now testing Thundermail accounts and the new Thunderbird Pro add-on automatically adds Thundermail accounts for users who sign up through it. The project migrated its data hosting from the Americas to Germany and the EU.

Appointment received a major visual redesign being applied across all three services while Send completed an external security review and moved from its standalone add-on into the unified Thunderbird Pro add-on. The new website at tb.pro is live for signups and account management.
AI

An AI Podcasting Machine Is Churning Out 3,000 Episodes a Week (thewrap.com) 57

fjo3 shares a report from TheWrap: There are already at least 175,000 AI-generated podcast episodes on platforms like Spotify and Apple. That's thanks to Inception Point AI, a startup with just eight employees cranking out 3,000 episodes a week covering everything from localized weather reports and pollen trackers to a detailed account of Charlie Kirk's assassination and its cultural impact, to a biography series on Anna Wintour. Its podcasting network Quiet Please has generated 12 million lifetime episode downloads and amassed 400,000 subscribers -- so, yes, people are really listening to AI podcasts.

Inception Point CEO Jeanine Wright believes the tool is proof that automation can make podcasting scalable, profitable and accessible without human writers, editors or hosts. "The price is now so inexpensive that you can take a lot of risks,â Wright told TheWrap. "You can make a lot of content and a lot of different genres that were never commercially viable before and serve huge audiences that have really never had content made for them." At a cost of $1 an episode, Wright takes a quantity-over-quality approach.
"I think very quickly we get to a place where AI is a default way that content is made, not just across audio, but across television and film and commercials and imagery, and everything. And then we will disclose when things are not made with AI instead of that they were made with AI," Wright said. "But for now, we are perfectly happy leading the way."
Power

EV Sales Are Still Rising. They Have Not Slumped (electrek.co) 126

"Media headlines suggesting some slowdown in EV sales are simply incorrect," writes the site Electrek, "and leave out the bigger picture that gas car sales actually are dropping..." Over the course of the last two years or so, sales of battery electric vehicles, while continuing to grow, have posted lower year-over-year percentage growth rates than they had in years prior. EV sales used to grow at 50%+ per year, but for the last couple years, they have grown closer to ~25% per year. This alone is not particularly remarkable — it is inevitable that any growing product or category will show slower percentage growth rates as sales rise, particularly one that has been growing at such a fast rate for so long. In some recent years, we had even seen year-over-year doublings in EV market share (though one of those was 2020->2021, which was anomalous). To expect improvement at that level perpetually would be close to impossible — after 3 years of doubling market share from 2023's 18% number, EVs would account for more than 100% of the global automotive market, which cannot happen...

We have seen a global EV sales growth rate of 23% in the first 10 months of this year, according to a report just released by Rho Motion (recently acquired by Benchmark Mineral Intelligence). That includes a +32% bump in Europe, +22% bump in China, +4% in North America, and a big +48% bump in the "rest of the world." Notably, this 23% global growth rate is higher than last year's YTD growth rate, which was 22% at this time...

In covering these trends, some journalists have attempted to use the less-wrong phrase "slower growth," showing that EV sales are still growing, but at a lower percentage change than previously seen. But for the first ten months of this year, that isn't true — EV sales are up more in 2025 than in 2024 by a percentage basis. They are also up in raw sales numbers — in 2024, EV sales grew by a larger number than in 2023. And the same is true so far in 2025. Going back to 2023, 10.7 million EVs were sold globally in the first 10 months. Then in 2024, 13.3 million were sold, a difference of 2.6 million. And so far in 2025, 16.5 million EVs have sold, a difference of 3.2 million. Not only are the numbers getting bigger, but the growth in unit sales is getting bigger as well.

Even in America, the EV market "has increased so far this year, with 11.7% US EV sales growth YTD." In terms of US hybrid sales, much has been made of customers "shifting from EVs to hybrids," which is also not the case. Conventional gas-hybrid sales are indeed up and plug-in hybrids, which have grown more slowly than gas-hybrids/BEVs, have also shown some growth lately. But gas-hybrid sales have not come at the cost of EV sales, rather at the cost of gas-only car sales.

Because that's just the thing: the number of gas-only vehicles being sold worldwide is a number that actually is falling. That number continues to go down year over year. Sales of new gas-powered cars are down by about a quarter from their peak in 2017, and show no signs of recovering... And yet, somehow, virtually every headline you read is about the "EV sales slump," rather than the "gas-car sales slump." The one you keep hearing about isn't happening, but the one you rarely hear about is happening... No matter what region of the world you're in, EV sales were up in the first 10 months of this year.

ISS

Woman Pleads Guilty to Lying About Astronaut Accessing Bank Account From International Space Station (cnbc.com) 34

It was the first allegation of a crime committed in space — back in 2019. But by 2020 it had led to charges of lying to federal authorities. And now a former Air Force intelligence officer "has pleaded guilty to lying to a federal agent," reports CNBC, "by falsely claiming that her estranged astronaut wife illegally accessed her bank account while aboard the International Space Station for six months, prosecutors in Houston, Texas, said Friday." The guilty plea by Summer Worden, 50, on Thursday comes more than five years after she was indicted in the space case for lying about actions by her wife, Anne McClain, a U.S. Army colonel, West Point graduate and Iraq war combat veteran, while they were in the midst of a divorce. The claim came at a time when Worden said that the couple was engaged in a custody battle over what Worden's then-6-year-old son, who had been conceived through in vitro fertilizationand carried by a surrogate...

McClain was aboard the Space Station from December 2018 through June 2019. She recently commanded the SpaceX Crew-10 crew mission to the Space Station from March this year until August.

Worden, who remains free on bond, is scheduled to be sentenced on February 12. She faces a maximum possible sentence of up to five years in prison.

AI

She Used ChatGPT To Win the Virginia Lottery, Then Donated Every Dollar 84

An anonymous reader quotes a report from the Washington Post: Winning the lottery isn't what brought Carrie Edwards her 15 minutes of fame. It was giving it all away. Standing alone in her kitchen one day in September, the Virginia woman was thunderstruck to discover she had won $150,000 in a Powerball drawing. As she was absorbing her windfall, she said, "I just heard as loud as you can hear God or whoever you believe in the universe just say, this is -- it's not your money." Then came a decision: She would donate it all to her three most cherished charities (source paywalled; alternative source). [...] Her journey to the lucky prize started when she walked into a 7-Eleven with a friend who wanted to buy two Powerball tickets. The jackpot for the Sept. 6 drawing was topping $1.7 billion, the second-largest amount ever. Edwards, 68, hardly ever played the lottery, but her friend was an active player who gave her two pieces of advice: Always buy a paper ticket, rather than getting them online. And the Powerball multiplier is a scam, don't do it. She ignored him on both accounts.

She created a Virginia Lottery account on her phone. Then, instead of the typical strategies of using family birthdays and lucky numbers, she went to ChatGPT -- which she had only recently started using for research -- and asked, "Do you have any winning numbers for me?" "Luck is luck," replied the chatbot. Then it gave numbers that she plugged in -- paying the extra dollar for the Power Play to multiply anything she might win. She initially thought luck wasn't on her side when she didn't win the massive jackpot. But what she didn't realize is that she'd picked the "draw two" option, meaning her numbers were reentered for the next drawing. When she got a notification on her phone that she had won, she said, she thought it was a scam, or maybe she'd won something small, like $10. Just to satisfy her curiosity, she logged into her account and saw that she had matched four of the five numbers plus the Powerball in that second drawing. It would have been a $50,000 payout, but the multiplier tripled her winnings.
Businesses

Retail Traders Left Exposed in High-Stakes Crypto Treasury Deals (bloomberg.com) 37

An anonymous reader shares a report: Executives are turning to a novel structure to fund crypto accumulation vehicles as investor appetite thins. They're called in-kind contributions, and they now account for a growing share of digital-asset treasury, or DAT, deals. Instead of raising cash to buy tokens in the open market, DAT sponsors contribute large slugs of their own crypto, often unlisted and hard to value.

Digital-asset treasuries are a new breed of public company built to hold concentrated crypto positions. The structure surged in 2025 as small-cap firms, especially in biotech and mining, reinvented themselves as digital-asset proxies. Sponsors provide tokens or raise money to buy them, and the stock then trades as a kind of listed bet on crypto. For insiders, it's a shortcut to liquidity. For investors, a wager on upside. But not all DATs carry the same level of risk. Earlier deals raised money to buy tokens through regular markets, which offered at least some independent price check. In-kind contributions skip that step -- letting insiders decide what their tokens are worth, sometimes before the token even trades publicly. That shift means pricing and trading risks land more squarely on shareholders, many of them retail investors.

Investor faith is already wobbling. Many DATs that once traded above the value of their holdings now trade below it. As insiders supply the tokens and set their price, it's becoming harder for investors to tell what these deals are really worth, or when to get out. The in-kind structure was on full display in a recent $545 million private placement by Tharimmune Inc., a biotech firm-turned-crypto proxy, to set up a buyer of Canton Coins. About 80% of the raise came in the form of unlisted Canton tokens, priced at 20 cents each, according to an investor presentation seen by Bloomberg News. The token began trading on exchanges Nov. 10 and is now around 11 cents, CoinGecko data show.

More deals are following the same template. In these placements, insiders contribute tokens -- sometimes illiquid or unlisted -- to form a treasury, lock in valuations and seed the perception of market demand. But when tokens list below deal price, public shareholders absorb the difference. [...] Then there's Flora Growth Corp., a Nasdaq-listed company that announced a $401 million deal to start acquiring Zero Gravity tokens in September. On closer inspection, the firm had raised just $35 million in cash to pair with a $366 million in-kind contribution of then-unlisted 0G tokens. Those tokens were priced at around $3 a piece; they subsequently listed, and are now trading at about $1.20.

AI

AI's $5 Trillion Cost Needs Every Debt Market, JPMorgan Says (bloomberg.com) 69

The furious push by AI hyperscalers to build out data centers will need about $1.5 trillion of investment-grade bonds over the next five years and extensive funding from every other corner of the market, according to an analysis by JPMorgan. From a report: "The question is not 'which market will finance the AI-boom?' Rather, the question is 'how will financings be structured to access every capital market?'" according to strategists led by Tarek Hamid.

Leveraged finance is primed to provide around $150 billion over the next half decade, they said. Even with funding from the investment-grade and high-yield bond markets, as well as up to $40 billion per year in data-center securitizations, it will still be insufficient to meet demand, the strategists added. Private credit and governments could help cover a remaining $1.4 trillion funding gap, the report estimates. The bank calculates an at least $5 trillion tab that could climb as high as $7 trillion, singlehandedly driving a reacceleration in growth in the bond and syndicated loan markets, the strategists wrote in a report Monday. The analysts project $300 billion in high-grade bonds going toward AI data centers next year. That could account for nearly one fifth of total issuance in that market, which a report from Barclays estimates will grow to $1.6 trillion.

EU

Critics Call Proposed Changes To Landmark EU Privacy Law 'Death By a Thousand Cuts' (reuters.com) 27

An anonymous reader quotes a report from Reuters: Privacy activists say proposed changes to Europe's landmark privacy law, including making it easier for Big Tech to harvest Europeans' personal data for AI training, would flout EU case law and gut the legislation. The changes proposed by the European Commission are part of a drive to simplify a slew of laws adopted in recent years on technology, environmental and financial issues which have in turn faced pushback from companies and the U.S. government.

EU antitrust chief Henna Virkkunen will present the Digital Omnibus, in effect proposals to cut red tape and overlapping legislation such as the General Data Protection Regulation, the Artificial Intelligence Act, the e-Privacy Directive and the Data Act, on November 19. According to the plans, Google, Meta Platforms, OpenAI and other tech companies may be allowed to use Europeans' personal data to train their AI models based on legitimate interest.

In addition, companies may be exempted from the ban on processing special categories of personal data "in order not to disproportionately hinder the development and operation of AI and taking into account the capabilities of the controller to identify and remove special categories of personal data." [...] The proposals would need to be thrashed out with EU countries and European Parliament in the coming months before they can be implemented.
"The draft Digital Omnibus proposes countless changes to many different articles of the GDPR. In combination this amounts to a death by a thousand cuts," Austrian privacy group noyb said in a statement. "This would be a massive downgrading of Europeans' privacy 10 years after the GDPR was adopted," noyb's Max Schrems said.

"These proposals would change how the EU protects what happens inside your phone, computer and connected devices," European Digital Rights policy advisor Itxaso Dominguez de Olazabal wrote in a LinkedIn post. "That means access to your device could rely on legitimate interest or broad exemptions like security, fraud detection or audience measurement," she said.
Biotech

Genetically Engineered Babies Are Banned in the US. But Tech Titans Are Trying to Make One Anyway (msn.com) 91

"For months, a small company in San Francisco has been pursuing a secretive project: the birth of a genetically engineered baby," reports the Wall Street Journal: Backed by OpenAI chief executive Sam Altman and his husband, along with Coinbase co-founder and CEO Brian Armstrong, the startup — called Preventive — has been quietly preparing what would amount to a biological first. They are working toward creating a child born from an embryo edited to prevent a hereditary disease.... Editing genes in embryos with the intention of creating babies from them is banned in the U.S. and many countries. Preventive has been searching for places to experiment where embryo editing is allowed, including the United Arab Emirates, according to correspondence reviewed by The Wall Street Journal...

Preventive is in the vanguard of a growing number of startups, funded by some of the most powerful people in Silicon Valley, that are pushing the boundaries of fertility and working to commercialize reproductive genetic technologies. Some are working on embryo editing, while others are already selling genetic screening tools that seek to account for the influence of dozens or hundreds of genes on a trait. They say their ultimate goal is to produce babies who are free of genetic disease and resilient against illnesses. Some say they can also give parents the ability to choose embryos that will have higher IQs and preferred traits such as height and eye color. Armstrong, the cryptocurrency billionaire, is leading the charge to make embryo editing a reality. He has told people that gene-editing technology could produce children who are less prone to heart disease, with lower cholesterol and stronger bones to prevent osteoporosis. According to documents and people briefed on his plans, he is already an investor or in talks with embryo editing ventures...

After the Journal approached people close to the company last month to ask about its work, Preventive announced on its website that it had raised $30 million in investment to explore embryo editing. The statement pledged not to advance to human trials "if safety cannot be established through extensive research..." Other embryo editing startups are Manhattan Genomics, co-founded by Thiel Fellow Cathy Tie, and Bootstrap Bio, which plans to conduct tests in Honduras. Both companies are in early stages.

The article notes the only known instance of children born from edited embryos was in 2018, when Chinese scientist He Jiankui "shocked the world with news that he had produced three children genetically altered as embryos to be immune to HIV. He was sentenced to prison in China for three years for the illegal practice of medicine.

"He hasn't publicly shared the children's identities but says they are healthy.

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