The Internet

NaNoWriMo To Close After 20 Years (theguardian.com) 15

NaNoWriMo, the nonprofit behind the annual novel-writing challenge, is shutting down after 20 years but will keep its websites online temporarily so users can retrieve their content. The Guardian reports: A 27-minute YouTube video posted the same day by the organization's interim executive director Kilby Blades explained that it had to close due to ongoing financial problems, which were compounded by reputational damage. In November 2023, several community members complained to the nonprofit's board, Blades said. They believed that staff had mishandled accusations made in May 2023 that a NaNoWriMo forum moderator was grooming children on a different website. The moderator was eventually removed, though this was for unrelated code of conduct violations and occurred "many weeks" after the initial complaints. In the wake of this, community members came forward with other complaints related to child safety on the NaNoWriMo sites.

The organization was also widely criticized last year over a statement on the use of artificial intelligence in creative writing. After stating that it did not support or explicitly condemn any approach to writing, including the use of AI, it said that the "categorical condemnation of artificial intelligence has classist and ableist undertones." It went on to say that "not all writers have the financial ability to hire humans to help at certain phases of their writing," and that "not all brains have same abilities ... There is a wealth of reasons why individuals can't 'see' the issues in their writing without help."
"We hold no belief that people will stop writing 50,000 words in November," read Monday's email. "Many alternatives to NaNoWriMo popped up this year, and people did find each other. In so many ways, it's easier than it was when NaNoWriMo began in 1999 to find your writing tribe online."
Social Networks

Amazon Said To Make a Bid To Buy TikTok in the US (nytimes.com) 33

An anonymous reader shares a report: Amazon has put in a last-minute bid to acquire all of TikTok, the popular video app, as it approaches an April deadline to be separated from its Chinese owner or face a ban in the United States, according to three people familiar with the bid.

Various parties who have been involved in the talks do not appear to be taking Amazon's bid seriously, the people said. The bid came via an offer letter addressed to Vice President JD Vance and Howard Lutnick, the commerce secretary, according to a person briefed on the matter. Amazon's bid highlights the 11th-hour maneuvering in Washington over TikTok's ownership. Policymakers in both parties have expressed deep national security concerns over the app's Chinese ownership, and passed a law last year to force a sale of TikTok that was set to take effect in January.

Open Source

Open Source Initiative: AI Debate Roils Board Elections? (thenewstack.io) 11

The Open Source Initiative's Board of Directors election "has become embroiled in controversy..." writes Steven J. Vaughan-Nichols at The New Stack.

"The real issue is the community's opposition to the open source AI definition (OSAID), which the organization released last October," he adds — but "the election process has been criticized because the OSI has refused to accept the candidacy of Debian developer Luke Faraone, citing a missed application deadline." Faraone claims they submitted their application around 9 p.m. PST on Feb. 17, while the OSI maintains the deadline was 11:59 p.m. UTC (3:59 p.m. PST) on the same day.

The dispute has raised a firestorm about the clarity of communication regarding deadlines and time zones. Critics argue that the deadline's time zone was not clearly specified on the OSI's public-facing website. Tracy Hinds, chair of OSI, acknowledged this oversight but stated that full members received multiple emails with the correct time zone information. "Everyone who is qualified to run for elections (full members of OSI) received emails with the time zone," wrote Hinds, in an email to The New Stack. "The public-facing web page did not have the time zone, and we've now updated it for clarity going forward.

"Extending the deadline would be unfair to the other candidates...."

On LinkedIn, Bruce Perens, one of the OSI's founders wrote, "Open Source Initiative invents rule at the last minute to deny opposition candidate's nomination for their board election."

There are three board sets up for election in March, the article points out. "Two well-known figures in the open source world — Richard Fontana, Red Hat's principal commercial counsel and a former OSI board member, and [Bradley] Kuhn, policy fellow and hacker-in-residence at the Software Freedom Conservancy — are running on a joint platform of repealing the open source AI definition."

In a blog post Faraone promised a similar platform (also supporting a repeal of the definition) — had their candidacy not been rejected.
Software

'My Washing Machine Refreshed My Thinking on Software Effort Estimation' (cosive.com) 85

What Chris Horsley expected to be a 10-minute washing machine installation stretched to four hours and required five trips to the hardware store. The CTO of security consultancy firm documented how unexpected obstacles -- drilling through shelves, replacing incompatible hoses, and removing hidden caps -- derailed his timeline.

Horsley draws a direct parallel to software development, where estimation regularly fails despite experience. "While 90% of the project will be the same, there's going to be one critical difference between the last 5 projects and this project that seemed trivial at the time of estimation but will throw off our whole schedule," he writes in a blog.

These disruptions often appear as unmaintained frameworks, obsolete development tools, or incompatible infrastructure components that weren't visible during planning. The software development environment changes rapidly, creating what Horsley describes as "unknown unknowns." Despite thorough requirements gathering, developers inevitably encounter unanticipated blockers, transforming familiar-looking tasks into complex challenges.
NASA

In a Last-Minute Decision, White House Decides Not To Terminate NASA Employees (arstechnica.com) 356

Late Tuesday afternoon, the White House confirmed that it would not proceed with laying off more than 1,000 probationary employees at NASA. "NASA had sought exemptions for all of these employees, who comprise about 6 percent of NASA's workforce," notes Ars Technica. "The Trump administration has sought to fire federal employees at several federal agencies who are in the 'probationary' period of their employment. This includes new hires within the last one or two years or long-time employees who have moved into or been promoted into a new position." From the report: It was not immediately clear why. A NASA spokesperson in Washington, DC, offered no comment on the updated guidance. Two sources indicated that it was plausible that private astronaut Jared Isaacman, whom President Trump has nominated to lead the space agency, asked for the cuts to be put on hold.

Although this could not be confirmed, it seems reasonable that Isaacman would want to retain some control over where cuts at the agency are made. Firing all probationary employees -- which is the most expedient way to reduce the size of government -- is a blunt instrument. It whacks new hires that the agency may have recruited for key positions, as well as high performers who earned promotions.

The reprieve in these terminations does not necessarily signal that NASA will escape significant budget or employment cuts in the coming months. The administration could still seek to terminate probationary employees. In addition, Ars reported earlier that directors at the agency's field centers have been told to prepare options for a "significant" reduction in force in the coming months. The scope of these cuts has not been defined, and it's likely they would need to be negotiated with Congress.

United States

Donald Trump Is Sworn In as 47th President 432

Donald Trump was sworn in as the 47th president of the United States on Monday in a ceremony inside the U.S. Capitol's Rotunda, returning to the White House after defeating Kamala Harris.

Trump, 78, took the oath of office before a packed crowd of lawmakers, dignitaries, and supporters, with Chief Justice John Roberts administering the ceremony. Former presidents Bill Clinton, George W. Bush, and Barack Obama attended, continuing a tradition of peaceful transitions of power.

In a notable show of corporate support, top technology executives including Apple's Tim Cook, Amazon's Jeff Bezos, and Tesla's Elon Musk sat in prominent positions near the stage.

Prior to the ceremony, Biden and Trump shared a limousine ride to the Capitol, maintaining another inaugural tradition despite their fierce rivalry. Biden, 82, issued several last-minute pardons before departing office, including one for Indigenous activist Leonard Peltier.
Linux

Linux 6.13 Released (phoronix.com) 25

"Nothing horrible or unexpected happened last week," Linux Torvalds posted tonight on the Linux kernel mailing list, "so I've tagged and pushed out the final 6.13 release."

Phoronix says the release has "plenty of fine features": Linux 6.13 comes with the introduction of the AMD 3D V-Cache Optimizer driver for benefiting multi-CCD Ryzen X3D processors. The new AMD EPYC 9005 "Turin" server processors will now default to AMD P-State rather than ACPI CPUFreq for better power efficiency....

Linux 6.13 also brings more Rust programming language infrastructure and more.

Phoronix notes that Linux 6.13 also brings "the start of Intel Xe3 graphics bring-up, support for many older (pre-M1) Apple devices like numerous iPads and iPhones, NVMe 2.1 specification support, and AutoFDO and Propeller optimization support when compiling the Linux kernel with the LLVM Clang compiler."

And some lucky Linux kernel developers will also be getting a guitar pedal soldered by Linus Torvalds himself, thanks to a generous offer he announced a week ago: For _me_ a traditional holiday activity tends to be a LEGO build or two, since that's often part of the presents... But in addition to the LEGO builds, this year I also ended up doing a number of guitar pedal kit builds ("LEGO for grown-ups with a soldering iron"). Not because I play guitar, but because I enjoy the tinkering, and the guitar pedals actually do something and are the right kind of "not very complex, but not some 5-minute 555 LED blinking thing"...

[S]ince I don't actually have any _use_ for the resulting pedals (I've already foisted off a few only unsuspecting victims^Hfriends), I decided that I'm going to see if some hapless kernel developer would want one.... as an admittedly pretty weak excuse to keep buying and building kits...

"It may be worth noting that while I've had good success so far, I'm a software person with a soldering iron. You have been warned... [Y]ou should set your expectations along the lines of 'quality kit built by a SW person who doesn't know one end of a guitar from the other.'"
AI

Australian Open Avatars Helping Tennis Reach New Audience 25

The Australian Open has introduced a project called AO Animated -- "near-live, commentated coverage of the Australian Open, free to anyone across the world via YouTube, enhanced via a stream of comments from a like-minded online community," reports The Guardian. Blending real-world data with virtual avatars, the animated coverage has garnered significant viewer interest, especially among gamers and tech enthusiasts. From the report: [I]t's no surprise a project called AO Animated has taken off at this year's grand slam tournament at Melbourne Park. The catch? The players, ball and court are all computer-generated. That hasn't dissuaded hundreds of thousands of viewers from tuning into this vision of the Australian Open, featuring video game-like avatars but using real-world data in an emerging category of sports broadcasting helping tennis reach new fans.

The loophole allows the Australian Open to show a version of live events at the tournament on its own channels, despite having sold lucrative exclusive broadcast rights to partners across the globe. The technology made its debut at the grand slam last year and audiences peaked for the men's final, the recording of which has attracted almost 800,000 views on YouTube. Interest appears to be trending up this year and the matches are attracting roughly four times as many viewers than the equivalent time in 2024.

The director of innovation at Tennis Australia, Machar Reid, said although the technology was far from polished it was developing quickly. "Limb tracking is complex, you've got 12 cameras trying to process the silhouette of the human in real time, and stitch that together across 29 points in the skeleton," he said. "It's not as seamless as it could be -- we don't have fingers -- but in time you can begin to imagine a world where that comes." The data from sensors on the court is ingested and fed into a system that can produce the graphic reproduction with a two-minute delay. The same commentary and arena noises that would otherwise be heard on the television -- as well as interstitial vision direct from the broadcast -- are synced with the virtual representation of the match.
Linux

Linus Torvalds Offers to Build Guitar Effects Pedal For Kernel Developer (theregister.com) 36

Linux creator Linus Torvalds announced a playful giveaway for kernel contributors: he'll hand-build a guitar effects pedal for one lucky developer selected at random, using his holiday hobby skills with pedal kits. To qualify, developers must have a 2024 commit in Torvalds' kernel git tree and email him with the subject "I WANT A GUITAR PEDAL". He'll pick a winner at random, use his own money to buy a pedal kit from a company called Aion FX, and then 'build it with my own shaky little fingers, and send it to the victim by US postal services.'" The Register reports: The odd offer appeared in his weekly state-of-the-kernel post, which on Sunday US time informed the Linux world that release candidate (rc) seven for version 6.13 of the Linux kernel "is slightly bigger than normal, but considering the timing, it's pretty much where I would have expected, and nothing really stands out." Torvalds therefore expects version 6.13 to debut next week, meaning it will arrive after his preferred seven release candidates and without delays caused by the usual holiday-period slowdown. Torvalds then added a postscript in which he revealed that he often uses the holiday season to build LEGO, which he frequently receives for Christmas and his late December birthday.

He kept up that tradition last year, but "also ended up doing a number of guitar pedal kit builds" which he described as "LEGO for grown-ups with a soldering iron." [...] Torvalds doesn't play guitar, but did the builds "because I enjoy the tinkering, and the guitar pedals actually do something and are the right kind of "not very complex, but not some 5-minute 555 LED blinking thing.'" He enjoyed the experience and wants to build more pedals, so has decided to give one away to a random kernel developer -- both as an act of generosity and to "check to see if anybody actually ever reads these weekly rc announcements of mine."
Torvalds rated his past pedal-building efforts a "good success so far" but warned entrants "I'm a software person with a soldering iron."

"I will test the result to the best of my abilities, and the end result may actually work ... but you should set your expectations along the lines of "quality kit built by a SW person who doesn't know one end of a guitar from the other.'"
Businesses

Startup Will Brick $800 Emotional Support Robot For Kids Without Refunds (arstechnica.com) 144

Startup Embodied is closing down, and its product, an $800 robot for kids ages 5 to 10, will soon be bricked. From a report: Embodied blamed its closure on a failed "critical funding round." On its website, it explained: "We had secured a lead investor who was prepared to close the round. However, at the last minute, they withdrew, leaving us with no viable options to continue operations. Despite our best efforts to secure alternative funding, we were unable to find a replacement in time to sustain operations."

The company didn't provide further details about the pulled funding. Embodied's previous backers have included Intel Capital, Toyota AI Ventures, Amazon Alexa Fund, Sony Innovation Fund, and Vulcan Capital, but we don't know who the lead investor mentioned above is. When it first announced Moxie in April 2020, Embodied described the robot as a "safe and engaging animate companion for children designed to help promote social, emotional, and cognitive development."

Piracy

Google Asked To Remove 10 Billion 'Pirate' Search Results (torrentfreak.com) 23

An anonymous reader quotes a report from TorrentFreak: Rightsholders have asked Google to remove more than 10 billion 'copyright infringing' URLs from its search results. The search engine doesn't celebrate the milestone in any way, but the takedown notices document intriguing shifts in volume over time, as well as shifting takedown interests. [...] The path to 10 billion was turbulent. When Google first made DMCA details public it was processing a few million DMCA takedown requests in a year. That number swiftly increased to hundreds of millions and eventually reached a billion DMCA requests in 2016.

The exponential growth curve eventually flattened out and around 2017, the takedown volume started to decline. The decrease was in part due to various anti-piracy algorithms making pirated content less visible in search results. By downranking pirate sites, infringing content became harder to find. As a result, Google processed fewer takedown notices, a welcome change for both rightsholders and the search engine. Today, Google continues to make pirate sites less visible in search, but the reduction in takedown notices didn't last. On the contrary, over the past several months, Google search processed a record number of DMCA notices.

Last summer, the search giant recorded the 7 billionth takedown request and after that the numbers shot up, adding billions more in the year that followed. The company is now handling removal requests at a rate of roughly 2.5 billion per year; a new record. This represents more than 50 million takedown requests per week and roughly 5,000 every minute. [...] While the 10 billionth reported URL is undoubtedly a milestone, this number is largely driven by a few rightsholders, reporting outfits, and domain names. The aforementioned takedown outfit Link-Busters, for example, accounts for roughly 15% of all reported links, nearly 1.5 billion. Similarly, the ten most prolific rightsholders, including the BPI, HarperCollins, and VIZ Media, are responsible for 40% of all reported links. These ten companies are only a tiny fraction of the 600,000 rightsholders that reported pirated links, however. A small group of domains also receives a disproportionate amount of attention. In total, 5,400,061 domains have been reported, with the top domains having dozens of millions of flagged URLs each. However, most domains have only a few flagged links, some of which are erroneous.

Music

Hidden 'BopSpotter' Microphone Is Constantly Surveilling San Francisco For Good (404media.co) 44

An anonymous reader quotes a report from 404 Media: Somewhere over the streets of San Francisco's Mission, a microphone sits surveilling ... for banger songs. Bop Spotter is a project by technologist Riley Walz in which he has hidden an Android phone in a box on a pole, rigged it to be solar powered, and has set it to record audio and periodically sends it to Shazam's API to determine which songs people are playing in public. Walz describes it as ShotSpotter, but for music. "This is culture surveillance. No one notices, no one consents. But it's not about catching criminals," Walz's website reads. "It's about catching vibes. A constant feed of what's popping off in real-time."

ShotSpotter, of course, is the microphone-based, "gunshot detection" surveillance company that cities around the country have spent millions of dollars on. ShotSpotter is often inaccurate, and sometimes detects things like fireworks or a car backfiring as gunshots. Chicago, one of ShotSpotter's biggest clients, is finally allowing its contract with the company to end. Bop Spotter, on the other hand, is designed to figure out what cool music people are blasting from their cars or as they walk down the street. "I am a chronic Shazam-er. Most songs I listen to come from first hearing them at a party, store, or on the street," Walz told 404 Media. "Years ago I had the thought that it'd be cool to Shazam 24/7 from a fixed location, and I recently learned about ShotSpotter, and thought it'd be amusing to do what they do with music instead of gunshots. Was a great weekend project."

Walz said that the phone itself is rigged to a solar panel, and that it records audio in 10-minute blocks while in airplane mode. "Then it connects to WiFi to send the file to my server, which then split it into 20-second chunks that get passed to Shazam's API. The device doesn't Shazam directly, that would use way too much power. Probably $100 of parts," he said. BopSpotter's website has a constant feed of songs it hears, as well as links to play the songs in Spotify or Apple Music. As I'm writing this, BopSpotter has picked up "Not Like Us" by Kendrick Lamar, "The Next Episode" by Dr. Dre, and "Never Gonna Give You Up" by Rick Astley (a Rick Roll already?) among dozens of songs in the last few hours. The site also has a constant feed of the device's power levels. So far in three days, it has detected 380 songs.
"I thought the solar panel would be annoying but it provides 4 times more power than the phone needs," Walz said. "The hardest part was scoping out which pole to actually put it up on. I had to balance finding a busy location where lots of music could be picked up, with enough sunlight, and good connection to a public wifi network."

Walz didn't say where exactly the phone is located.
AI

'AI May Not Steal Many Jobs After All' (apnews.com) 62

Alorica — which runs customer-service centers around the world — has introduced an AI translation tool that lets its representatives talk with customers in 200 different languages. But according to the Associated Press, "Alorica isn't cutting jobs. It's still hiring aggressively." The experience at Alorica — and at other companies, including furniture retailer IKEA — suggests that AI may not prove to be the job killer that many people fear. Instead, the technology might turn out to be more like breakthroughs of the past — the steam engine, electricity, the internet: That is, eliminate some jobs while creating others. And probably making workers more productive in general, to the eventual benefit of themselves, their employers and the economy. Nick Bunker, an economist at the Indeed Hiring Lab, said he thinks AI "will affect many, many jobs — maybe every job indirectly to some extent. But I don't think it's going to lead to, say, mass unemployment.... "

[T]he widespread assumption that AI chatbots will inevitably replace service workers, the way physical robots took many factory and warehouse jobs, isn't becoming reality in any widespread way — not yet, anyway. And maybe it never will. The White House Council of Economic Advisers said last month that it found "little evidence that AI will negatively impact overall employment.'' The advisers noted that history shows technology typically makes companies more productive, speeding economic growth and creating new types of jobs in unexpected ways... The outplacement firm Challenger, Gray & Christmas, which tracks job cuts, said it has yet to see much evidence of layoffs that can be attributed to labor-saving AI. "I don't think we've started seeing companies saying they've saved lots of money or cut jobs they no longer need because of this,'' said Andy Challenger, who leads the firm's sales team. "That may come in the future. But it hasn't played out yet.''

At the same time, the fear that AI poses a serious threat to some categories of jobs isn't unfounded. Consider Suumit Shah, an Indian entrepreneur who caused a uproar last year by boasting that he had replaced 90% of his customer support staff with a chatbot named Lina. The move at Shah's company, Dukaan, which helps customers set up e-commerce sites, shrank the response time to an inquiry from 1 minute, 44 seconds to "instant." It also cut the typical time needed to resolve problems from more than two hours to just over three minutes. "It's all about AI's ability to handle complex queries with precision,'' Shah said by email. The cost of providing customer support, he said, fell by 85%....

Similarly, researchers at Harvard Business School, the German Institute for Economic Research and London's Imperial College Business School found in a study last year that job postings for writers, coders and artists tumbled within eight months of the arrival of ChatGPT.

On the other hand, after Ikea introduced a customer-service chatbot in 2021 to handle simple inquiries, it didn't result in massive layoffs according to the article. Instead Ikea ended up retraining 8,500 customer-service workers to handle other tasks like advising customers on interior design and fielding complicated customer calls.
Verizon

Verizon Nearing Deal for Frontier Communications (msn.com) 23

Verizon is in advanced talks to acquire Frontier Communications in a deal that would bolster the company's fiber network to compete with rivals including AT&T, WSJ reported Wednesday, citing people familiar with the matter. From the report: An announcement could come this week, granted the talks don't hit any last-minute snags, the people said. A deal would be sizable, given Frontier's market value of over $7 billion. The company, cobbled together by several deals over the years, provides broadband connections to about three million locations across 25 states.

Verizon, the top cellphone carrier by subscribers, has faced increased pressure from competitors and from cable-TV companies that offer discounted wireless service backed by Verizon's own cellular network. Verizon has its Fios-branded fiber network, and AT&T has focused on expanding its fiber network since shedding its WarnerMedia assets in 2022. Fiber M&A has heated up as telecom companies and financial firms pour capital into neighborhoods that lack high-speed broadband or offer only one internet provider, usually from a cable-TV company.

Social Networks

Bluesky Adds 2 Million New Users After Brazil's X Ban (techcrunch.com) 94

In the days following Brazil's shutdown of X, the decentralized social networking startup Bluesky added over 2 million new users, up from just half a million as of Friday. "This rapid growth led some users to encounter the occasional error that would state there were 'Not Enough Resources' to handle requests, as Bluesky engineers scrambled to keep the servers stable under the influx of new sign-ups," reports TechCrunch's Sarah Perez. From the report: As new users downloaded the app, Bluesky jumped to becoming the app to No. 1 in Brazil over the weekend, ahead of Meta's X competitor, Instagram Threads. According to app intelligence firm Appfigures, Bluesky's total downloads soared by 10,584% this weekend compared to last, and its downloads in Brazil were up by a whopping 1,018,952%. The growth seems to be having a halo effect, as downloads outside Brazil also rose by 584%, the firm noted. In part, this is due to Bluesky receiving downloads in 22 countries where it had barely seen any traction before.

In terms of absolute downloads, countries that saw the most installs outside Brazil included the U.S., Portugal, the U.K., Canada and Spain. Those with the most download growth, however, were Portugal, Chile, Argentina, Colombia and Romania. Most of the latter group jumped from single-digit growth to growth in the thousands. Bluesky's newcomers have actively engaged on the platform, too, driving up other key metrics.

As one Bluesky engineer remarked, the number of likes on the social network grew to 104.6 million over the past four-day period, up from just 13 million when compared with a similar period just a week ago. Follows also grew from 1.4 million to 100.8 million while reposts grew from 1.3 million to 11 million. As of Monday, Bluesky said it had added 2.11 million users during the past four days, up from 26,000 users it had added in the week-ago period. In addition, the company noted it had seen "significantly more than a 100% [daily active users] increase." On Tuesday, Bluesky told TechCrunch the number is now 2.4 million and continues to grow "by the minute."

Power

Samsung's New EV Battery Tech: 600-Mile Ranges, and 9-Minute Charges? (pcmag.com) 126

"Samsung's latest solid-state battery technology will power up premium EVs first, giving them up to 621 miles of range," writes PC Magazine: The new batteries — which promise to improve vehicle range, decrease charging times, and eliminate risk of battery fires — could go into mass production as soon as 2027. Multiple automakers have been reportedly testing samples. Samsung did not list any by name but it's worked with Hyundai, Stellantis, and General Motors, among others. "We supplied samples to customers from the end of last year to the beginning of this year and are receiving positive feedback," Samsung SDI VP Koh Joo-young said at SNE Battery Day 2024 in Seoul, according to Korean outlet The Elec and translated by Google.

Perhaps unsurprisingly, the batteries won't be cheap. They will initially go in "super premium EVs" and will offer 900 to 1,000 kilometers (559-621 miles) of range and improved safety... Samsung's presentation also reiterated previously announced plans to create batteries that can charge in nine minutes and last 20 years by 2029.

More details from Notebookcheck: According to Samsung SDI's VP, automakers are interested in its solid-state battery packs because they are smaller, lighter, and much safer than what's in current electric cars. Apparently, they are also rather expensive to produce, since it warns that they will first go into the "super premium" EV segment. Those Samsung defines as luxury electric cars that can cover more than 600 miles on a charge.

Samsung's oxide solid-state battery technology is rated for an energy density of about 500 Wh/kg, which is about double the density of mainstream EV batteries. Those have capacities that already allow more than 300 miles on a charge, so 600 miles of range in a similar footprint is not out of the question, but the issue is production costs.

Thanks to Slashdot reader npetrov for sharing the news.
United States

Nasdaq Has Hundreds of Penny Stocks. Now It's Trying to Purge Them. (msn.com) 35

Nasdaq is taking steps to purge itself of dubious companies whose shares trade below $1 each, following criticism that the exchange has become home to hundreds of risky penny stocks. From a report: [...] When a stock closes below $1 for 30 consecutive trading days, Nasdaq deems the company to be noncompliant and gives it 180 days to remedy the situation. After 180 days, if the stock hasn't climbed above $1, the company can request another 180-day grace period. At the end of that second period, the company can still get a last-minute reprieve by appealing to a Nasdaq hearings panel. The delisting is stayed while the company awaits its hearing.

Some say those rules are lax, leading to a pileup of penny stocks on Nasdaq. On Wednesday, there were 523 stocks listed on U.S. exchanges that closed below $1 per share, of which 433 were listed on Nasdaq, according to Dow Jones Market Data. By comparison, there were fewer than a dozen sub-$1 stocks in early 2021. The two proposed rule changes unveiled by Nasdaq on Thursday would tighten up some of the rules regarding sub-$1 stocks, though they don't go as far as Virtu has demanded.

Under one of the proposed changes, companies that reach the end of their second 180-day grace period wouldn't be able to postpone delisting by seeking an appeal. Instead, their shares would move to the over-the-counter market -- a sort of purgatory where companies land after being delisted -- while they await the appeal. Effectively, the rule change caps the amount of time that sub-$1 stocks can be listed on Nasdaq to roughly a year. The second proposed rule change would speed up the delisting process for companies that recently did a reverse stock split. Under the change, if a company carried out a reverse split to prop up its share price, but then its stock fell below $1 within a year, Nasdaq would immediately send the company a delisting notice. The company could still appeal and remain listed for another 180 days.

Transportation

Are EV 'Charger Hogs' Ruining the EV Experience? (cnn.com) 476

A CNN reporter spent more than two hours waiting for EV chargers — thanks to "ill-mannered charger hogs who don't respect EV etiquette." [T]o protect batteries from damage, charging speeds slow way down once batteries get beyond 80% full. In fact, it can take as long, or even longer, to go from 80% charged to completely full than to reach 80%. Meanwhile, lines of electric vehicles wait behind almost-full cars. I was waiting behind people with batteries that were 92%, 94% and even 97% full, as I could see on the charger screens. Still, they stayed there. I made my own situation worse by giving up on one location and going to another with more chargers, but there were even more EVs waiting there.

Given that a lack of public charging is turning many consumers off to EVs, according to multiple surveys, this is a major issue. Both Electrify America and EVgo said they are rapidly expanding their networks to, as EVgo's Rafalson put it, "skate ahead of the puck," trying to make sure there are enough chargers to meet future demand... "I think what you're seeing is demand for public fast charging is really skyrocketing," said Sara Rafalson, executive vice president for policy at EV charging company EVgo, "and I would say we've been really at an inflection point in the last year, year and a half, with demand...."

Electrify America, one of America's biggest charging companies, is experimenting with a solution to the problem of charger hogs who can make it slow and unpleasant to travel in an EV. At 10 of the busiest EV fast charging stations in California, Electrify America has enacted a strict limit. Once a car's batteries are 85% charged, charging will automatically stop and the driver will be told to unplug and leave or face additional 40-cent-per-minute "idle time" fees for taking the space. It's similar to something Tesla vehicles do automatically. When a Tesla car, truck or SUV plugs into a particularly heavily-used Supercharger station, the vehicle itself may automatically limit charging to just 80% "to reduce congestion," according to Tesla's on-line Supercharger Support web page.

In that case, though, the user can still override the limit using the vehicle's touchscreen. There will be no getting around Electrify America's limit.

Electrify America's president points out an EV driver could need a full charge (if they're travelling somewhere with fewer charges) — or if they're driving an EV with a relatively short range. So the article notes that some EV charging companies "have experimented with plans that charge different amounts of money at different times to give drivers incentives to fill their batteries at less busy hours...

"For the time being, let's just hope that EV drivers who don't really need to fill all the way up will learn to be more considerate."
AI

Microsoft CTO Kevin Scott Thinks LLM 'Scaling Laws' Will Hold Despite Criticism 18

An anonymous reader quotes a report from Ars Technica: During an interview with Sequoia Capital's Training Data podcast published last Tuesday, Microsoft CTO Kevin Scott doubled down on his belief that so-called large language model (LLM) "scaling laws" will continue to drive AI progress, despite some skepticism in the field that progress has leveled out. Scott played a key role in forging a $13 billion technology-sharing deal between Microsoft and OpenAI. "Despite what other people think, we're not at diminishing marginal returns on scale-up," Scott said. "And I try to help people understand there is an exponential here, and the unfortunate thing is you only get to sample it every couple of years because it just takes a while to build supercomputers and then train models on top of them."

LLM scaling laws refer to patterns explored by OpenAI researchers in 2020 showing that the performance of language models tends to improve predictably as the models get larger (more parameters), are trained on more data, and have access to more computational power (compute). The laws suggest that simply scaling up model size and training data can lead to significant improvements in AI capabilities without necessarily requiring fundamental algorithmic breakthroughs. Since then, other researchers have challenged the idea of persisting scaling laws over time, but the concept is still a cornerstone of OpenAI's AI development philosophy.
Scott's comments can be found around the 46-minute mark.
Communications

Nation's Last Morse Code Station Comes Back To Life On Annual 'Night of Nights' In Point Reyes (mercurynews.com) 20

On July 12, 1999, the last Morse code message was sent from a Bay Area radio station, marking the end of an era. Every July 12, the Historic KPH Maritime Radio Receiving Station in Point Reyes revives the golden age of maritime radio, with volunteers exchanging Morse code messages worldwide. The Mercury News reports: Friday's "Night of Nights" event, which commemorates the long-gone stations and the skilled radiotelegraph operators who linked ships to shore, starts at 5:01 p.m. -- precisely one minute after the 1999 message ended. Operators will keep working until 11 p.m. "We're carrying on," said historical society president Richard Dillman, 80, who learned Morse code as a boy. "Morse code is not dead."

The event, based at KPH's stations that are now part of the wild and windswept Point Reyes National Seashore, northwest of San Francisco, is not open to the public. But amateur radio operators around the world can participate by sending messages and exchanging greetings. The operating frequencies of the historical society's amateur station, under the call sign K6KPH, are 3550, 7050, 14050, 18097.5 and 21050. Radiogrammed messages arrive from as far away as New Zealand and Europe, rich with memories of rewarding careers or poignant tributes to lost loved ones. "Dear dad, we love you and we miss you so much," said one. The station uses the original historic KPH transmitters, receivers, antennas and other equipment, carefully repaired and restored by the society's experts. [...]

All over the Pacific coast, stations closed. KPH's receiving headquarters -- an Art Deco cube built between 1929 and 1931, its entrance framed by a tunnel of cypress trees -- was acquired by the National Park Service in 1999. Its transmission station is located on a windswept bluff in Bolinas. [Historical society president Richard Dillman] and friend Tom Horsfall resolved to repair, restore and operate KPH as a way to honor the men and women who for 100 years had served ships in the North Pacific and Indian Ocean. "It was a brotherhood," said Dillman. "There was camaraderie -- a love of Morse code and the ability to do a job well." [...] They pitched their ambitious plan to the National Park Service.

"At first, I was skeptical about their proposal," said Don Neubacher, the Seashore's former Superintendent. "But over time, I realized the Maritime Radio Historical Society, led by Richard Dillman, was a gift for the National Park Service." "I was impressed by the overwhelming knowledge of early wireless and ship-to-shore communication," he said, "and their lifelong commitment to saving this critical piece of Point Reyes history." With a dozen society volunteers from all over the Bay Area -- all over the age of 60, self-described "radio squirrels" -- they went to work. They meet on Saturday mornings over coffee and breakfast "services" dubbed "The Church of the Continuous Wave," sometimes ogling over radio schematics. Then, for a few hours, they broadcast news and weather.

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