MIT Technology Review discovered that startup R3 Bio has pitched an ethically and scientifically explosive long-term vision beyond its public work on non-sentient monkey "organ sacks": creating human "brainless clones" or replacement bodies for organs as part of an extreme life-extension agenda. From the report: Imagine it like this: a baby version of yourself with only enough of a brain structure to be alive in case you ever need a new kidney or liver. Or, alternatively, he has speculated, you might one day get your brain placed into a younger clone. That could be a way to gain a second lifespan through a still hypothetical procedure known as a body transplant.

The fuller context of R3's proposals, as well as activities of another stealth startup with related goals, have not previously been reported. They've been kept secret by a circle of extreme life-extension proponents who fear that their plans for immortality could be derailed by clickbait headlines and public backlash. And that's because the idea can sound like something straight from a creepy science fiction film. One person who heard R3's clone presentation, and spoke on the condition of anonymity, was left reeling by its implications and shaken by [R3 founder John Schloendorn's] enthusiastic delivery. The briefing, this person said, was like a "close encounter of the third kind" with "Dr. Strangelove." [...]

MIT Technology Review found no evidence that R3 has cloned anyone, or even any animal bigger than a rodent. What we did find were documents, additional meeting agendas, and other sources outlining a technical road map for what R3 called "body replacement cloning" in a 2023 letter to supporters. That road map involved improvements to the cloning process and genetic wiring diagrams for how to create animals without complete brains. A main purpose of the fundraising, investors say, was to support efforts to try these techniques in monkeys from a base in the Caribbean. That offered a path to a nearer-term business plan for more ethical medical experiments and toxicology testing -- if the company could develop what it now calls monkey "organ sacks." However, this work would clearly inform any possible human version.

Euro-Office is a new open-source project supported by several European companies that aims to offer a "truly open, transparent and sovereign solution for collaborate document editing," using OnlyOffice as a starting point. The project is positioned around European digital independence and familiar Office-style editing, though it has already drawn pushback from OnlyOffice over alleged licensing violations. "The company behind OnlyOffice is also based in Russia, and Russia is still heavily sanctioned by most European nations due to the country's ongoing invasion of Ukraine," adds How-To Geek. From the report: Euro-Office is a new open-source project supported by Nextcloud, EuroStack, Wiki, Proton, Soverin, Abilian, and other companies based in Europe. The goal is to build an online office suite that can open and edit standard Microsoft Office documents (DOCX, PPTX, XLSX) and the OpenDocument format (ODS, ODT, ODP) used by LibreOffice and OpenOffice. The current design is remarkably close to Microsoft Office and its tabbed toolbars, so there shouldn't be much of a learning curve for anyone used to Word, Excel, or PowerPoint.

Importantly, Euro-Office is only the document editing component. It's designed to be added to cloud storage services, online wikis, project management tools, and other software. For example, you could have some Word documents in your Nextcloud file storage, and clicking them in a browser could open the Euro-Office editor. That way, Nextcloud (or Proton, or anyone else) doesn't have to build its own document editor from scratch.

Euro-Office is based on OnlyOffice, which is open-source under the AGPL license. The project explained that "Contributing is impossible or greatly discouraged" with OnlyOffice's developers, with outside code changes rarely accepted, so a hard fork was required. The company behind OnlyOffice is also based in Russia, and Russia is still heavily sanctioned by most European nations due to the country's ongoing invasion of Ukraine. The project's home page explains, "A lot of users and customers require software that is not potentially influenced or controlled by the Russian government." As for why OnlyOffice was chosen over LibreOffice, the project simply said: "We believe open source is about collaboration, and we look for opportunities to integrate and collaborate with the LibreOffice community and companies like Collabora."

UPDATE: Slashdot reader Elektroschock shares a statement from OnlyOffice CEO Lev Bannov, expressing his concerns about the Euro-Office inclusion of its software with trademarks removed: "We liked the AGPL v3 license because its 7th clause allows us to ensure that our code retains its original attributes, so that users are able to clearly identify the developers and the brand behind the program..."

Bannov continued: "The core issue here isn't just about what the AGPL license states, but about the additional provisions we, as the authors, have included. This is a critical distinction, even if some may argue otherwise. We firmly assert that the Euro-Office project is currently infringing on our copyright in a deliberate and unacceptable manner."

"As the creators of ONLYOFFICE, we want to make our position unequivocally clear: we do not grant anyone the right to remove our branding or alter our open-source code without proper attribution. This principle is non-negotiable and will never change. We demand that the Euro-Office project either restore our branding and attributions or roll back all forks of our project, refraining from using our code without proper acknowledgment of ONLYOFFICE."

Their goal is to use biometric data and blockchain to build age-verification measures directly into disposable vape cartridges.

Wired reports on a partnership between vape/cartridge manufacturer Ispire Technology and regulatory consulting company Chemular (which specializes in the nicotine market) — which they've named "Ike Tech": [Using blockchain-based security, the e-cig cartridge] would use a camera to scan some form of ID and then also take a video of the user's face. Once it verifies your identity and determines you're old enough to vape, it translates that information into anonymized tokens. That info goes to an identity service like ID.me or Clear. If approved, it bounces back to the app, which then uses a Bluetooth signal to give the vape the OK to turn on.

"Everything is tokenized," [says Ispire CEO Michael Wang]. "As a result of this process, we don't communicate consumer personal private information." He says the process takes about a minute and a half... After that onetime check, the Bluetooth connection on the phone will recognize when the vape cartridge is nearby and keep it unlocked. Move the vape too far away from the phone, and it shuts off again. Based on testing, the companies behind Ike Tech claim this process has a 100 percent success rate in age verification, more or less calling the tech infallible. "The FDA told us it's the holy grail technology they were looking for," Wang says. "That's word-for-word what they said when we met with them...."

Wang says the goal is to implement additional features in the verification process, like geo-fencing, which would force the vape to shut off while near a school or on an airplane. In the future, the plan is to license this biometric verification tech to other e-cig companies. The tech may also grow to include fingerprint readers and expand to other product categories; Wang suggests guns, which have a long history of age-verification features not quite working.

An anonymous reader quotes a report from Reuters: OpenAI's ChatGPT ads pilot in the United States has crossed the $100 million annualized revenue mark within six weeks of launch, a company spokesperson said on Thursday, pointing to robust early demand for the AI startup's nascent advertising business. [...] While roughly 85% of users are currently eligible to see ads, fewer than 20% are shown ads daily, with considerable room to grow ad monetization within the existing user pool, the spokesperson said.

"We're seeing no impact on consumer trust metrics, low dismissal rates of ads, and ongoing improvements in the relevance of ads as we learn from feedback," OpenAI said. The company plans to expand the test globally in additional countries in the coming weeks, including in Australia, New Zealand, and Canada. OpenAI has now expanded to over 600 advertisers, with nearly 80% of small- and medium-sized businesses signaling interest in ChatGPT ads, the spokesperson said. The ChatGPT maker is set to launch self-serve advertiser capabilities in April to broaden access and drive further growth. CEO Sam Altman announced plans to begin testing ads on ChatGPT back in January after previously rejecting the idea. "I kind of think of ads as like a last resort for us as a business model," Altman said in 2024.

Further reading: OpenAI CFO Says Annualized Revenue Crosses $20 Billion In 2025

Meta lost a child safety trial in New Mexico after a court found that its platforms failed to adequately protect children from exploitation and misled parents about app safety. According to Ars Technica, the jury on Tuesday "deliberated for only one day before agreeing that Meta should pay $375 million in civil damages..." While the jury declined to impose the maximum penalty New Mexico sought, which could have cost the company $2.2 billion, Meta may still face additional financial penalties and could be forced to make changes to its apps. From the report: The trial followed a 2023 lawsuit filed by New Mexico Attorney General Raul Torrez after The Guardian published a two-year investigation exposing child sex trafficking markets on Facebook and Instagram. Torrez's office then conducted an undercover investigation codenamed "Operation MetaPhile," in which officers posed as children on Facebook, Instagram, and WhatsApp. The jury heard that these fake profiles were "simply inundated with images and targeted solicitations" from child abusers, Torrez told CNBC in 2024. Ultimately, three men were arrested amid the sting for attempting to use Meta's social networks to prey on children. At trial, Mark Zuckerberg and Instagram chief Adam Mosseri testified that "harms to children, such as sexual exploitation and detriments to mental health, were inevitable on the company's platforms due to their vast user bases," The Guardian reported. Internal messages and documents, as well as testimony from child safety experts within and outside the company, showed that Meta repeatedly ignored warnings and failed to fix platforms to protect kids, New Mexico's AG successfully argued.

Perhaps most troubling to the jury, law enforcement and the National Center for Missing and Exploited Children also testified that Meta's reporting of crimes to children on its apps -- including child sexual abuse materials (CSAM) -- was "deficient," The Guardian reported. Rather than make it easy to trace harms on its platforms, the jury learned from frustrated cops that Meta "generated high volumes of 'junk' reports by overly relying on AI to moderate its platforms." This made its reporting "useless" and "meant crimes could not be investigated," The Guardian reported.

Celebrating the win as a "historic victory," Torrez told CNBC that families had previously paid the price for "Meta's choice to put profits over kids' safety." "Meta executives knew their products harmed children, disregarded warnings from their own employees, and lied to the public about what they knew," Torrez said. "Today the jury joined families, educators, and child safety experts in saying enough is enough." Meta said the company plans to appeal the verdict. "We respectfully disagree with the verdict and will appeal," Meta's spokesperson said. "We work hard to keep people safe on our platforms and are clear about the challenges of identifying and removing bad actors or harmful content. We will continue to defend ourselves vigorously, and we remain confident in our record of protecting teens online."

NASA is reportedly halting work on the lunar Gateway in favor of a more direct push to build a lunar base. The new plan would cost tens of billions over the next decade, though the change could face hurdles because Congress previously funded Gateway specifically. SpaceNews reports: "Starting today, we're building humanity's first deep space outpost," said Carlos Garcia-Galan, program executive for NASA's moon base effort. The lunar base will take place in three phases. Phase 1, running from 2026 to 2028, "is all about getting to the moon reliably," he said. That includes a significant increase in the cadence of lander missions through the Commercial Lunar Payload Services and other programs. It will also focus on developing enabling technologies and getting "ground truth" for potential base locations at the lunar south pole.

Phase 2, from 2029 through 2031, starts building the base, he said. That would include building out communications, navigation, power and other infrastructure, developing larges CLPS cargo landers and supporting two crewed missions a year. Phase 3, beginning 2032, will enable "long distance and long duration human exploration" on the moon, he said, with routine logistics missions to the moon and uncrewed cargo return missions from the moon. Garcia-Galan said NASA foresees spending $10 billion each on Phases 1 and 2. Phase 3, lasting to at least 2036, would cost an additional $10 billion or more.

The base would leverage existing programs, although with some changes. NASA is planning to revamp the Lunar Terrain Vehicle program after concluding the current approach would take too long to get a crew-capable rover to the moon. "We were projecting a delivery on the lunar surface by 2030," he said. The agency is instead issuing a draft request for proposals for simplified rovers that could be quicker and easier to develop but could be upgraded later. The base, though, would include some new capabilities and technologies. One example Garcia-Galan provided was MoonFall, a drone that would be able to hop from one location to another on the lunar surface. The drones will be "built on the legacy" of Ingenuity, the small Mars helicopter. "We're going to take everything that we learned from Ingenuity's systems, the avionics, all of that, to build this."

Arm unveiled its first self-developed data center chip, the AGI CPU, designed for handling agentic AI workloads. The new chip was built in partnership with Meta and manufactured by TSMC. Other customers for the new chip include OpenAI, Cloudflare, SAP, and SK Telecom. Reuters reports: The new chip, called the AGI CPU, will address data-crunching needed for a specific type of AI that is able to act on behalf of users with minimal oversight, instead of responding to queries as part of a chatbot. For years, Arm, majority-owned by Japan's SoftBank Group has relied only on intellectual property for revenue, licensing its designs to companies such as Qualcomm and Nvidia and then collecting a royalty payment based on the number of units sold.

"It's a very pivotal moment for the company," CEO Rene Haas said in an interview with Reuters. The new chip will be overseen by Mohamed Awad, head of the company's cloud AI business, and Arm has additional designs in the works that it plans to release at 12- to 18-month intervals. TSMC is fabricating the device on its 3-nanometer technology and is made from two distinct pieces of silicon that operate as a single chip. Arm plans to put it into volume production in the second half of this year but has received test chips that function as expected. In addition to the chip itself, Arm is working with server makers such as Lenovo and Quanta Computer to offer complete systems.

An anonymous reader quotes a report from Ars Technica: A new hacking group has been rampaging the Internet in a persistent campaign that spreads a self-propagating and never-before-seen backdoor -- and curiously a data wiper that targets Iranian machines. The group, tracked under the name TeamPCP, first gained visibility in December, when researchers from security firm Flare observed it unleashing a worm that targeted cloud-hosted platforms that weren't properly secured. The objective was to build a distributed proxy and scanning infrastructure and then use it to compromise servers for exfiltrating data, deploying ransomware, conducting extortion, and mining cryptocurrency. The group is notable for its skill in large-scale automation and integration of well-known attack techniques.

More recently, TeamPCP has waged a relentless campaign that uses continuously evolving malware to bring ever more systems under its control. Late last week, it compromised virtually all versions of the widely used Trivy vulnerability scanner in a supply-chain attack after gaining privileged access to the GitHub account of Aqua Security, the Trivy creator. Over the weekend, researchers said they observed TeamPCP spreading potent malware that was also worm-enabled, meaning it had the potential to spread to new machines automatically, with no interaction required of victims behind the keyboard. [...]

As the weekend progressed, CanisterWorm [as Aikido has named the malware] was updated to add an additional payload: a wiper that targets machines exclusively in Iran. When the updated worm infects machines, it checks if the machine is in the Iranian timezone or is configured for use in that country. When either condition was met, the malware no longer activated the credential stealer and instead triggered a novel wiper that TeamPCP developers named Kamikaze. Eriksen said in an email that there's no indication yet that the worm caused actual damage to Iranian machines, but that there was "clear potential for large-scale impact if it achieves active spread." It's unclear what the motive is for TeamPCP. Aikido researcher Charlie Eriksen wrote: "While there may be an ideological component, it could just as easily be a deliberate attempt to draw attention to the group. Historically, TeamPCP has appeared to be financially motivated, but there are signs that visibility is becoming a goal in itself. By going after security tools and open-source projects, including Checkmarx as of today, they are sending a clear and deliberate signal."

Wing is expanding its drone delivery service to the San Francisco Bay Area. "The drone delivery startup has been rapidly expanding to metro areas across the US, but is now targeting the tech-friendly Silicon Valley region," reports Engadget. From the report: Going back to its inaugural deliveries, Wing ferried office supplies across Google's Mountain View campus in the Bay Area with its automated drones. It was still a startup out of Google's X, The Moonshot Factory incubator at the time, but early users were already asking for home delivery services, according to Wing. Now, Wing's latest delivery drones can deliver groceries, food, or whatever else fits in a small package weighing up to five pounds in 30 minutes or less to Bay Area residents. Earlier this year, Wing expanded its service to an additional 150 Walmart stores across the U.S. Service began recently in Atlanta and Charlotte, and it's coming soon to Los Angeles, Houston, Cincinnati, St. Louis, Miami and other major U.S. cities to be announced later. "By 2027, Walmart and Wing say they'll have a network of more than 270 drone delivery locations nationwide."

13 million people live in Moscow, reports CNN.

But since early March the city "has experienced internet and mobile service outages on a level previously unseen." (Though Wi-Fi access to the internet is still available...) Russian social media "is flooded with jokes and memes about sending letters by carrier pigeons or using smartphones as ping-pong paddles..." [Moscow residents] complain they cannot navigate around the center or use their favorite mobile apps. The interruptions appear to have had a knock-on effect of making it more difficult to make voice calls or send an SMS. Some are panic-buying walkie-talkies, paper maps, and even pagers.

The latest shutdown builds on similar efforts around the country. For months, mobile internet service interruptions have hit Russia's regions, particularly in provinces bordering Ukraine, which has staged incursions and launched strikes inside Russian territory to counter Russia's full-scale invasion. Some regions have reported not having any mobile internet since summer. But the most recent outages have hit the country's main centers of wealth and power: Moscow and Russia's second city, St. Petersburg.

Public officials claim the blackout of mobile internet service in the capital and other regions is part of a security effort to counter "increasingly sophisticated methods" of Ukrainian attack... Speculation centers on whether the authorities are testing their ability to clamp down on public protest in the case there's an effort to reintroduce unpopular mobilization measures to find fresh manpower for the war in Ukraine; whether mobile internet outages may precede a more sweeping digital blackout; or if the new restrictions reflect an atmosphere of heightened fear and paranoia inside the Kremlin as it watches US-led regime- change efforts unfold against Russian allies such as Venezuela and Iran... On Wednesday, Russian mobile providers sent notifications that there would be "temporary restrictions" on mobile internet in parts of Moscow for security reasons, Russian state news agency RIA-Novosti reported. The measures will last "for as long as additional measures are needed to ensure the safety of our citizens," Kremlin spokesman Dmitry Peskov said on March 11...

As well as banning many social media platforms, Russia blocks calling features on messenger apps such as WhatsApp and Telegram. Roskomnadzor, the country's communications regulator, has introduced a "white list" of approved apps... Russia has also tested what it calls the "sovereign internet," a network that is effectively firewalled from the rest of the world. The disruptions are fueling broader concerns about tightening state control. In parallel with the internet shutdown, the Kremlin has also been pushing to impose a state-controlled messaging app called Max as the country's main portal for state services, payments and everyday communication. There has been speculation the Kremlin may be planning to ban Telegram, Russia's most widely used messaging app, entirely. Roskomnadzor said that it was restricting Telegram for allegedly failing to comply with Russian laws.

"Russia has opened a criminal case against me for 'aiding terrorism,'" Telegram's Russian-born founder Pavel Durov said on X last month. "Each day, the authorities fabricate new pretexts to restrict Russians' access to Telegram as they seek to suppress the right to privacy and free speech...."
The article includes this quote from Mikhail Klimarev, head of the Internet Protection Society and an expert on Russian internet freedom. "In any situation when they (the authorities) perceive some kind of danger for themselves and accept the belief that the internet is dangerous for them, even if it may not be true, they will shut it down," he said. "Just like in Iran."

The Champlain Hudson Power Express, a $6 billion, 339-mile buried transmission line, will soon deliver Canadian hydropower from Hydro-Quebec to New York City. The project could supply up to 20% of the city's electricity and power roughly one million homes throughout the year. "This is far and away the largest project I have ever worked on," said Bob Harrison, who has worked in infrastructure for 40 years and is the head of engineering for the Champlain Hudson Power Express. "We like to say it's the largest project you'll never see." The New York Times reports: The massive power project, expected to provide energy to a million New York City customers a year, travels underground and underwater, from the northern plains at the Canadian border to the filled-in marshlands of coastal Queens, much of it loosely following the Hudson River. Its construction included the underwater installation of more than two million feet of cable imported from Sweden. It also required special boats, loaded with equipment that could shoot water jets deep into the sediment, to create trenches for the cable. Then, when it came to placing cable beneath the landscape, more than 700 land-use easements were needed, plus an additional 1.55 million feet of cable.

The Champlain Hudson Power Express has found a way to plug into the city, but it wasn't easy. The work included 10 new manholes and more than three miles of new underground circuitry, according to Con Edison, the city's primary electricity provider. "It was literally a hand weave under the streets of Queens," said Jennifer Laird-White, the head of external affairs for Transmission Developers. The hydropower travels from Canada via two buried cables that are as round as cantaloupes. Those lines snake for hundreds of miles under a lake, several rivers (including the Hudson for about 90 miles) and through buried trenches alongside train tracks and roads. The cables resurface in Astoria, Queens, where a converter station shapes, filters and refines the raw power into a product that New Yorkers can consume.

In two cavernous rooms that could be mistaken for "Star Wars" sets, the electricity flows through 30 hanging structures encased in what look like metallic, dinosaurlike exoskeletons. Each one weighs about as much as a small humpback whale and contains microprocessors, thousands of valves and fiber wires. "I am still wowed when I walk into that facility," said Mr. Harrison, the engineer. "I mean, it is just mind-boggling."

During today's Nvidia GTC keynote, the company introduced NemoClaw, a security-focused stack designed to make the autonomous AI agent platform OpenClaw safer. ZDNet explains how it works: NemoClaw installs Nvidia's OpenShell, a new open-source runtime that keeps agents safer to use by enforcing an organization's policy-based guardrails. OpenShell keeps models sandboxed, adds data privacy protections and additional security for agents, and makes them more scalable. "This provides the missing infrastructure layer beneath claws to give them the access they need to be productive, while enforcing policy-based security, network, and privacy guardrails," Nvidia said in the announcement. The company built OpenShell with security companies like CrowdStrike, Cisco, and Microsoft Security to ensure it is compatible with other cybersecurity tools.

Nvidia said NemoClaw can be installed in a single command, runs on any platform, and can use any coding agent, including Nvidia's own Nemotron open model family, on a local system. Through a privacy router, it allows agents to access frontier models in the cloud, which unites local and cloud models to help teach agents how to complete tasks within privacy guardrails, Nvidia explained. Nvidia seems to be hoping that the additional security can make OpenClaw agents more popular and accessible, with less risk than they currently carry. The bigger picture here is how NemoClaw could give companies the added peace of mind to let AI agents complete actions for their employees, where they wouldn't have previously. Nvidia did not specify when NemoClaw would be available.

AI infrastructure company Nebius signed a deal to provide up to $27 billion in AI computing capacity to Meta over the next five years, including a guaranteed $12 billion purchase by 2027. Reuters reports: Under the agreement, Meta will also buy an additional $15 billion worth of capacity planned by Nebius over the coming five years if it is not sold to other customers, giving the contract a total value of up to $27 billion, Nebius said. The deal is the latest example of U.S. tech giants' efforts to supplement their own AI data-centre build-outs by locking in scarce GPU and power capacity from "neocloud" providers like Nebius. Nebius CEO Arkady Volozh said the latest Meta deal would help "accelerate the build-out and growth of our core AI cloud business." Further reading: Data Centers Overtake Offices In US Construction-Spending Shift

"A few developers found a way, for now, to turn a few of these increasingly mediocre Amazon Show devices into friendly, useful, open computers," writes the co-founder of the gaming/tech news site Aftermath. For under $50 each, he bought some used versions of the devices and tested their instructions, partly to escape the full-screen ads Amazon began showing late last year, and also to overwrite Amazon's locked down Android fork "Fire OS" (and "a similarly neutered version of Linux called Vega OS") Customers who bought these devices and used them for several years were not used to them showing full screen ads, and now they do. People were justifiably pissed. So what do you do when an already evil device gets shittier...? I wiped Fire OS from the device and used ADB sideload to directly load two packages on the device: LineageOS and MindTheGapps. MindTheGapps lets you turn the device into something resembling a traditional Android device, for both good and bad.... It took a few times of wiping the device, but after a few tries it finally worked as intended... I immediately installed the Home Assistant app...

Not only can the hacked Echo Show 8 control my entire smart home, it now plays back my entire local music library as well as any internet radio channels like The Lot Radio and NTS. It can also synchronize with any additional Echo Show running LineageOS in my house using the SendSpin protocol... I would gladly take it any day of the week over most of the devices these companies offer, especially Amazon. It may not be as intuitive as out-of-the-box smart home products, but I don't need my devices to be intuitive, I need them to behave. I had finally found a smart display that wasn't a cop...

The hardware is old and creaky, and after the hack it can only use 1GB of the 2GB of ram. And yet it still manages to feel snappier than the stock hardware. "The amount of telemetry, ads, and general bloat Amazon shoves down our throats definitely doesn't help performance," [XDA Devs Forum user] Rortiz2 told me. "That's actually another reason why we did LineageOS, it kind of gives the device a second life. Even though it's still a bit buggy, it feels way better to use than the stock firmware...." If you want a smart speaker with a display that just runs a stripped-down version of Android that you have full control over, you're going to have a hard time finding it outside of these three specific models unless you cobble something together yourself. It is a deceptively simple thing to desire — the kiosk computer from science fiction that isn't a narc — yet few companies really offer it.
"It should be against the law to not give an end user the ability to consensually load whatever OS or program they want on their device..." the article concludes, arguing that "If we budge on the inalienable right to modify our hardware then we forsake a key part about what makes computers special."

And in the mean time, "There are so many devices that could be put to use rotting in e-waste facilities and thrift stores..."

The deal to take control of TikTok's U.S. business came with an unusual condition, according to people familiar with the matter. The investors — which include Oracle, Abu Dhabi investor MGX, and private-equity firm Silver Lake — "paid the Treasury Department about $2.5 billion when the deal closed in January," reports the Wall Street Journal, "and are set to make several additional payments until hitting the $10 billion total." The $10 billion payment would be nearly unprecedented for a government helping arrange a transaction, historians have said... Investment bankers advising on a typical deal receive fees of less than 1% of the transaction value, and the percentage generally gets smaller as the deal size increases. Bank of America is in line to make some $130 million for advising railroad operator Norfolk Southern on its $71.5 billion sale to Union Pacific, one of the largest fees on record for a single bank on a deal. Administration officials have said the fee is justified given Trump's role in saving TikTok in the U.S. and navigating negotiations with China to get the deal done while addressing the security concerns of lawmakers...

The TikTok fee extracted from private-sector investors is the administration's latest transaction involving the nation's largest businesses. Trump took a nearly 10% stake in semiconductor company Intel and has agreed to take a chunk of chip sales to China from Nvidia in exchange for granting export licenses. The administration has also taken equity stakes in other companies and has a say in the operations of U.S. Steel following a "golden share" agreement with Japan's Nippon Steel in its takeover.
Reuters notes earlier this month, a lawsuit was filed by investors in two of TikTok's social media rivals, seeking to reverse the approval of the deal.

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

An anonymous reader quotes a report from Ars Technica: Binance is hoping that suing (PDF) The Wall Street Journal for defamation might help shake off a fresh round of government probes into how the cryptocurrency exchange failed to detect $1.7 billion in transfers to a network that was funding Iran-backed terror groups. The lawsuit comes after a Wall Street Journal investigation, based on conversations with insiders and reviews of internal documents, reported that Binance had quietly dismantled its own investigation into the unlawful transfers and then fired compliance staff who initially flagged them.

Alleging that the report falsely accused Binance of retaliation -- among 10 other allegedly false claims -- Binance accused the Journal of conducting a "sham" investigation that intentionally disregarded the company's statements. That included supposedly failing to note that Binance had not closed its investigation into the unlawful transfers. Binance's role in the large-scale violation of US sanctions laws is currently being investigated by the Justice and Treasury Departments. Congress members also took notice, including Sen. Richard Blumenthal (D-Conn.), ranking member of the Senate Permanent Subcommittee on Investigations (PSI), who launched an additional inquiry. In a letter to Binance CEO Richard Teng, Blumenthal cited the Journal's report, as well as reporting from The New York Times and Fortune, while demanding that Binance explain how it managed to overlook the money-laundering for so long and why compliance staff members were fired.

In its complaint Wednesday, Binance claimed that these probes may "be just the tip of the iceberg" if the record is not corrected. The reputational harm is particularly damaging, the exchange noted, since Binance has allegedly worked hard to strengthen its compliance after reaching a settlement with the US government in 2023. In taking that plea deal, Binance admitted to violating anti-money laundering and sanctions laws and paid a $4.3 billion fine, and its founder, Changpeng Zhao, eventually pled guilty to a related charge. Since that scandal, Binance claimed that the WSJ has "made a business of maligning both the cryptocurrency industry generally and Binance specifically." That's why the Journal allegedly rushed to publish its story following a similar New York Times investigation. Alleging that the WSJ was financially motivated to publish a negative story that would get more clicks, Binance claimed the Journal provided little time to respond and then failed to make necessary corrections before and after publication.

Nvidia is preparing to launch an open-source AI agent platform called NemoClaw, designed to compete with the likes of OpenClaw. According to Wired, the platform will allow enterprise software companies to dispatch AI agents to perform tasks for their own workforces. "Companies will be able to access the platform regardless of whether their products run on Nvidia's chips," the report adds. From the report: The move comes as Nvidia prepares for its annual developer conference in San Jose next week. Ahead of the conference, Nvidia has reached out to companies including Salesforce, Cisco, Google, Adobe, and CrowdStrike to forge partnerships for the agent platform. It's unclear whether these conversations have resulted in official partnerships. Since the platform is open source, it's likely that partners would get free, early access in exchange for contributing to the project, sources say. Nvidia plans to offer security and privacy tools as part of this new open-source agent platform. [...]

For Nvidia, NemoClaw appears to be part of an effort to court enterprise software companies by offering additional layers of security for AI agents. It's also another step in the company's embrace of open-source AI models, part of a broader strategy to maintain its dominance in AI infrastructure at a time when leading AI labs are building their own custom chips. Nvidia's software strategy until now has been heavily reliant on its CUDA platform, a famously proprietary system that locks developers into building software for Nvidia's GPUs and has created a crucial "moat" for the company.

Meta will begin charging advertisers a 2-5% "location fee" to offset digital services taxes imposed by several European countries, including the UK, France, Italy, Spain, Austria, and Turkey. Reuters reports: The fee, for image or video ads delivered on Meta platforms including WhatsApp click-to-message campaigns and marketing messages together with ads, will apply from July 1 and will also cover other government-imposed levies. "Until now, Meta has covered these additional costs. These changes are part of Meta's ongoing effort to respond to the evolving regulatory landscape and align with industry standards," the company said in the blog.

The location fees are determined by where the audience is located and not the advertisers' business location. Meta listed six countries where the fees will apply, ranging from 2% in the United Kingdom to 3% in France, Italy and Spain and 5% in Austria and Turkey.

The FBI is investigating a breach affecting systems tied to wiretapping and surveillance warrant data, after abnormal logs revealed possible unauthorized access to law-enforcement-sensitive information. "The FBI identified and addressed suspicious activities on FBI networks, and we have leveraged all technical capabilities to respond," a spokesperson for the bureau said. "We have nothing additional to provide." The Register reports: [W]hile the FBI declined to provide any additional information, it's worth noting that China's Salt Typhoon previously compromised wiretapping systems used by law enforcement. Salt Typhoon is the PRC-backed crew that famously hacked major US telecommunications firms and stole information belonging to nearly every American.

According to the Associated Press, the FBI notified Congress that it began investigating the breach on February 17 after spotting abnormal log information related to a system on its network. "The affected system is unclassified and contains law enforcement sensitive information, including returns from legal process, such as pen register and trap and trace surveillance returns, and personally identifiable information pertaining to subjects of FBI investigations," the notification said.

A startup called Reflect Orbital wants to launch thousands of mirror-bearing satellites to reflect sunlight onto Earth at night and "power solar farms after sunset, provide lighting for rescue workers and illuminate city streets, among other things," reports the New York Times. From the report: It is an idea seemingly out of a sci-fi movie, but the company, Reflect Orbital of Hawthorne, Calif., could soon receive permission to launch its first prototype satellite with a 60-foot-wide mirror. The company has applied to the Federal Communications Commission, which issues the licenses needed to deploy satellites. If the F.C.C. approves, the test satellite could get a ride into orbit as soon as this summer. The F.C.C.'s public comment period on the application closes on Monday. "We're trying to build something that could replace fossil fuels and really power everything," Ben Nowack, Reflect Orbital's chief executive, said in an interview. The company has raised more than $28 million from investors.

[...] Reflect Orbital's first prototype, which will be roughly the size of a dorm fridge, is almost complete. Once in space, about 400 miles up, the test satellite would unfurl a square mirror nearly 60 feet wide. That would bounce sunlight to illuminate a circular patch about three miles wide on the Earth's surface. Someone looking up would see a dot in the sky about as bright as a full moon. Two more prototypes could follow within a year. By the end of 2028, Reflect Orbital hopes to launch 1,000 larger satellites, and 5,000 of them by 2030. The largest mirrors are planned to be nearly 180 feet wide, reflecting as much light as 100 full moons. The company said its goal was to deploy the full constellation of 50,000 satellites by 2035.

How much does it cost to order sunlight at night? Mr. Nowack said the company would charge about $5,000 an hour for the light of one mirror if a customer signed an annual contract for 1,000 hours or more. Lighting for one-time events and emergencies, which might require numerous satellites and more effort to coordinate, would be more expensive. For solar farms, he envisions splitting revenue from the electricity generated by the additional hours of light.