Security

One Question Stopped a Deepfake Scam Attempt At Ferrari 43

"Deepfake scams are becoming more prolific and their quality will only improve over time," writes longtime Slashdot reader smooth wombat. "However, one question can stop them dead in their tracks. Such was the case with Ferrari earlier this month when a suspicious executive saved the company from being the latest victim." From a report: It all began with a series of WhatsApp messages from someone posing as Ferrari's CEO [Benedetto Vigna]. The messages, seeking urgent help with a supposed classified acquisition, came from a different number but featured a profile picture of Vigna standing in front of the Ferrari emblem. As reported by Bloomberg, one of the messages read: "Hey, did you hear about the big acquisition we're planning? I could need your help." The scammer continued, "Be ready to sign the Non-Disclosure Agreement our lawyer will send you ASAP." The message concluded with a sense of urgency: "Italy's market regulator and Milan stock exchange have already been informed. Maintain utmost discretion."

Following the text messages, the executive received a phone call featuring a convincing impersonation of Vigna's voice, complete with the CEO's signature southern Italian accent. The caller claimed to be using a different number due to the sensitive nature of the matter and then requested the executive execute an "unspecified currency hedge transaction." The oddball money request, coupled with some "slight mechanical intonations" during the call, raised red flags for the Ferrari executive. He retorted, "Sorry, Benedetto, but I need to verify your identity," and quizzed the CEO on a book he had recommended days earlier. Unsurprisingly, the impersonator flubbed the answer and ended the call in a hurry.
AI

What Is the Future of Open Source AI? (fb.com) 22

Tuesday Meta released Llama 3.1, its largest open-source AI model to date. But just one day Mistral released Large 2, notes this report from TechCrunch, "which it claims to be on par with the latest cutting-edge models from OpenAI and Meta in terms of code generation, mathematics, and reasoning...

"Though Mistral is one of the newer entrants in the artificial intelligence space, it's quickly shipping AI models on or near the cutting edge." In a press release, Mistral says one of its key focus areas during training was to minimize the model's hallucination issues. The company says Large 2 was trained to be more discerning in its responses, acknowledging when it does not know something instead of making something up that seems plausible. The Paris-based AI startup recently raised $640 million in a Series B funding round, led by General Catalyst, at a $6 billion valuation...

However, it's important to note that Mistral's models are, like most others, not open source in the traditional sense — any commercial application of the model needs a paid license. And while it's more open than, say, GPT-4o, few in the world have the expertise and infrastructure to implement such a large model. (That goes double for Llama's 405 billion parameters, of course.)

Mistral only has 123 billion parameters, according to the article. But whichever system prevails, "Open Source AI Is the Path Forward," Mark Zuckerberg wrote this week, predicting that open-source AI will soar to the same popularity as Linux: This year, Llama 3 is competitive with the most advanced models and leading in some areas. Starting next year, we expect future Llama models to become the most advanced in the industry. But even before that, Llama is already leading on openness, modifiability, and cost efficiency... Beyond releasing these models, we're working with a range of companies to grow the broader ecosystem. Amazon, Databricks, and NVIDIA are launching full suites of services to support developers fine-tuning and distilling their own models. Innovators like Groq have built low-latency, low-cost inference serving for all the new models. The models will be available on all major clouds including AWS, Azure, Google, Oracle, and more. Companies like Scale.AI, Dell, Deloitte, and others are ready to help enterprises adopt Llama and train custom models with their own data.
"As the community grows and more companies develop new services, we can collectively make Llama the industry standard and bring the benefits of AI to everyone," Zuckerberg writes. He says that he's heard from developers, CEOs, and government officials that they want to "train, fine-tune, and distill" their own models, protecting their data with a cheap and efficient model — and without being locked into a closed vendor. But they also tell him that want to invest in an ecosystem "that's going to be the standard for the long term." Lots of people see that open source is advancing at a faster rate than closed models, and they want to build their systems on the architecture that will give them the greatest advantage long term...

One of my formative experiences has been building our services constrained by what Apple will let us build on their platforms. Between the way they tax developers, the arbitrary rules they apply, and all the product innovations they block from shipping, it's clear that Meta and many other companies would be freed up to build much better services for people if we could build the best versions of our products and competitors were not able to constrain what we could build. On a philosophical level, this is a major reason why I believe so strongly in building open ecosystems in AI and AR/VR for the next generation of computing...

I believe that open source is necessary for a positive AI future. AI has more potential than any other modern technology to increase human productivity, creativity, and quality of life — and to accelerate economic growth while unlocking progress in medical and scientific research. Open source will ensure that more people around the world have access to the benefits and opportunities of AI, that power isn't concentrated in the hands of a small number of companies, and that the technology can be deployed more evenly and safely across society. There is an ongoing debate about the safety of open source AI models, and my view is that open source AI will be safer than the alternatives. I think governments will conclude it's in their interest to support open source because it will make the world more prosperous and safer... [O]pen source should be significantly safer since the systems are more transparent and can be widely scrutinized...

The bottom line is that open source AI represents the world's best shot at harnessing this technology to create the greatest economic opportunity and security for everyone... I believe the Llama 3.1 release will be an inflection point in the industry where most developers begin to primarily use open source, and I expect that approach to only grow from here. I hope you'll join us on this journey to bring the benefits of AI to everyone in the world.

Movies

Comic-Con 2024: New Doctor Who Series, 'Star Trek' Movie, Keanu Reeves, and a Red Hulk (polygon.com) 77

As Comic-Con hits San Diego, "part of the big news in 2024 is that the con won't have a corresponding virtual or online event this year," according to Polygon, "for the first time since 2019."

But there's still some big scifi media news, according to CNET's Comic-Con coverage: Disney revealed a new Doctor Who addition to the franchise that will jump back to the 1970s with the Sea Devils, an ancient group of beings who arise from the sea. Made in partnership with the BBC, the series... will air on Disney Plus, where fans can currently stream season 14 of Doctor Who starring Ncuti Gatwa.
And there's also an upcoming Doctor Who Christmas special.

Meanwhile, Saturday night, USA Today ran a special article with late-breaking announcements about Marvel's Cinematic Universe: Marvel has already won Comic-Con, with a raucous screening of "Deadpool & Wolverine" followed by a high-tech drone show, and the box office, with the new movie on track to have one of the best openings of all time... Robert Downey Jr. returns to the MCU as Doctor Doom in Avengers: Doomsday. Kevin Feige says the Fantastic Four will be in the next two Avengers movies... And here comes the Fantastic Four [movie] a year from now. It starts filming Tuesday in the UK...
The article says Marvel's Fantastic Four presentation included "a Fantasti-Car that hovers across the stage — and that castmembers also appeared from the upcoming Thunderbolts* movie.

More geeky news:
  • Amazon Prime showed a new four-minute trailer with clips from season two of its J.R.R. Tolkein prequel, "The Rings of Power". (And there was also a three-minute blooper reel for Season 4 of Prime's superhero-themed series, "The Boys".)
  • Paramount+ showed a trailer for the Star Trek universe's first streaming movie, Section 31. There was also a trailer for season 5 of the animated comedy Star Trek: Lower Decks — plus a particularly strange clip from the fourth season of Star Trek: Strange New Worlds.
  • Next February will see the release of Captain America: Brave New World, in which the Incredible Hulk may get some competition from Harrison Ford, who's been cast as the Red Hulk.

But things got a little too real Friday when a fire at a nearby steakhouse forced the evacuation of the immersive "Penguin Lounge" — which was promoting Max's new prequel series to 2022's movie The Batman.


Space

Boeing Starliner Astronauts Have Been In Space Six Weeks Longer Than Originally Planned (arstechnica.com) 51

Longtime Slashdot reader Randseed writes: Boeing Starliner is apparently still stuck at the ISS, six weeks longer than planned due to engine troubles. The root cause seems to be overheating. NASA is still hopeful that they can bring the two astronauts back on the Starliner, but if not apparently there is a SpaceX Dragon craft docked at the station that can get them home. This is another in a long list of high profile failures by Boeing. This comes after a series of failures in their popular commercial aircraft including undocumented flight system modifications causing crashes of the 737 MAX, doors blowing out in mid-flight, and parts falling off the aircraft. The latter decimated a Toyota in a populated area."I think we're starting to close in on those final pieces of flight rationale to make sure that we can come home safely, and that's our primary focus right now," said Steve Stich, manager of NASA's commercial crew program.

"Our prime option is to complete the mission," Stich said. "There are a lot of good reasons to complete this mission and bring Butch and Suni home on Starliner. Starliner was designed, as a spacecraft, to have the crew in the cockpit."
Open Source

Nvidia's Open-Source Linux Kernel Driver Performing At Parity To Proprietary Driver (phoronix.com) 21

Nvidia's new R555 Linux driver series has significantly improved their open-source GPU kernel driver modules, achieving near parity with their proprietary drivers. Phoronix's Michael Larabel reports: The NVIDIA open-source kernel driver modules shipped by their driver installer and also available via their GitHub repository are in great shape. With the R555 series the support and performance is basically at parity of their open-source kernel modules compared to their proprietary kernel drivers. [...] Across a range of different GPU-accelerated creator workloads, the performance of the open-source NVIDIA kernel modules matched that of the proprietary driver. No loss in performance going the open-source kernel driver route. Across various professional graphics workloads, both the NVIDIA RTX A2000 and A4000 graphics cards were also achieving the same performance whether on the open-source MIT/GPLv2 driver or using NVIDIA's classic proprietary driver.

Across all of the tests I carried out using the NVIDIA 555 stable series Linux driver, the open-source NVIDIA kernel modules were able to achieve the same performance as the classic proprietary driver. Also important is that there was no increased power use or other difference in power management when switching over to the open-source NVIDIA kernel modules.

It's great seeing how far the NVIDIA open-source kernel modules have evolved and that with the upcoming NVIDIA 560 Linux driver series they will be defaulting to them on supported GPUs. And moving forward with Blackwell and beyond, NVIDIA is just enabling the GPU support along their open-source kernel drivers with leaving the proprietary kernel drivers to older hardware. Tests I have done using NVIDIA GeForce RTX 40 graphics cards with Linux gaming workloads between the MIT/GPL and proprietary kernel drivers have yielded similar (boring but good) results: the same performance being achieved with no loss going the open-source route.
You can view Phoronix's performance results in charts here, here, and here.
Movies

Marvel's Kevin Feige Defends Sequels as an 'Absolute Pillar of the Industry' (variety.com) 61

Marvel Studios President Kevin Feige, who has overseen the Marvel Cinematic Universe's unprecedented success, has expressed his longstanding appreciation for sequels and world-building in cinema at a time when Disney's top executive has admitted that the company has diluted audience's attention by making too many TV shows and movies.

"I was never cynical or rolling my eyes the way people still do today for some reason, even though there've been sequels since the '30s and they're an absolute pillar of the industry," Feige told Variety in an interview, highlighting his enthusiasm for returning to beloved characters and expanding on established narratives. The studio's ambitious expansion into streaming content for Disney+ has led to what Disney CEO Bob Iger described as "some disappointments" in theatrical releases. In July 2023, Iger cited the increased output for streaming as a factor that "diluted focus and attention" at Marvel. In response to these challenges, Disney announced a strategic shift in May, with plans to reduce Marvel's output to a maximum of three films and two TV series per year. This move aligns with Iger's commitment to prioritize quality over quantity, a strategy he believes is "particularly true with Marvel."
Media

Bizarre Secrets Found Investigating Corrupt Winamp Skins (jordaneldredge.com) 20

Longtime Slashdot reader sandbagger shares a blog post from Meta Engineer Jordan Eldredge, with the caption: A biography of jazz trumpeter Chet Baker, weird images, a worm.exe, random images, encrypted files, a gift a dad in Thailand had made for his two-and-a-half-year-old son, and much more could be found when investigating corrupt WinAmp files. Who knew? "In January of 2021, I was exploring the corpus of skins I collected for the Winamp Skin Museum and found some that seemed corrupted, so I decided to explore them," writes Eldredge. "Winamp skins are actually just zip files with a different file extension, so I tried extracting their files to see what I could find. This ended up leading me down a series of wild rabbit holes..."

In all, Eldredge found more than 16 distinct types of items -- most of which are completely random but intriguing nonetheless. "It's so interesting how if you get a large enough number of things that were created by real people, you can end up finding all kinds of crazy stuff!" concludes Eldredge. "This was such an amazingly strange and interesting ride!"
Security

Cyber Firm KnowBe4 Hired a Fake IT Worker From North Korea (cyberscoop.com) 49

In a blog post on Tuesday, security firm KnowBe4 revealed that a remote software engineer hire was a North Korean threat actor using a stolen identity and AI-augmented images. "Detailing a seemingly thorough interview process that included background checks, verified references and four video conference-based interviews, KnowBe4 founder and CEO Stu Sjouwerman said the worker avoided being caught by using a valid identity that was stolen from a U.S.-based individual," reports CyberScoop. "The scheme was further enhanced by the actor using a stock image augmented by artificial intelligence." From the report: An internal investigation started when KnowBe4's InfoSec Security Operations Center team detected "a series of suspicious activities" from the new hire. The remote worker was sent an Apple laptop, which was flagged by the company on July 15 when malware was loaded onto the machine. The AI-filtered photo, meanwhile, was flagged by the company's Endpoint Detection and Response software. Later that evening, the SOC team had "contained" the fake worker's systems after he stopped responding to outreach. During a roughly 25-minute period, "the attacker performed various actions to manipulate session history files, transfer potentially harmful files, and execute unauthorized software," Sjouwerman wrote in the post. "He used a [single-board computer] raspberry pi to download the malware." From there, the company shared its data and findings with the FBI and with Mandiant, the Google-owned cyber firm, and came to the conclusion that the worker was a fictional persona operating from North Korea.

KnowBe4 said the fake employee likely had his workstation connected "to an address that is basically an 'IT mule laptop farm.'" They'd then use a VPN to work the night shift from where they actually reside -- in this case, North Korea "or over the border in China." That work would take place overnight, making it appear that they're logged on during normal U.S. business hours. "The scam is that they are actually doing the work, getting paid well, and give a large amount to North Korea to fund their illegal programs," Sjouwerman wrote. "I don't have to tell you about the severe risk of this." Despite the intrusion, Sjouwerman said "no illegal access was gained, and no data was lost, compromised, or exfiltrated on any KnowBe4 systems." He chalked up the incident to a threat actor that "demonstrated a high level of sophistication in creating a believable cover identity" and identified "weaknesses in the hiring and background check processes."

Iphone

Apple Moves Forward With Foldable iPhone (theinformation.com) 77

Apple is advancing its plans for a foldable iPhone, with potential release as early as 2026, The Information reported Tuesday. The iPhone-maker has begun engaging with Asian suppliers for component production, the report added. The proposed device is said to feature a clamshell design, reminiscent of Samsung's Galaxy Z Flip series.

The company faces considerable technical hurdles, including display crease issues and achieving optimal device thickness. Despite these challenges, the assignment of an internal codename, V68, suggests the project has progressed beyond the conceptual stage, the report added.
Graphics

Nvidia RTX 40-Series GPUs Hampered By Low-Quality Thermal Paste (pcgamer.com) 50

"Anyone who is into gaming knows your graphics card is under strain trying to display modern graphics," writes longtime Slashdot reader smooth wombat. "This results in increased power usage, which is then turned into heat. Keeping your card cool is a must to get the best performance possible."

"However, hardware tester Igor's Lab found that vendors for Nvidia RTX 40-series cards are using cheap, poorly applied thermal paste, which is leading to high temperatures and consequently, performance degradation over time. This penny-pinching has been confirmed by Nick Evanson at PC Gamer." From the report: I have four RTX 40-series cards in my office (RTX 4080 Super, 4070 Ti, and two 4070s) and all of them have quite high hotspots -- the highest temperature recorded by an individual thermal sensor in the die. In the case of the 4080 Super, it's around 11 C higher than the average temperature of the chip. I took it apart to apply some decent quality thermal paste and discovered a similar situation to that found by Igor's Lab. In the space of a few months, the factory-applied paste had separated and spread out, leaving just an oily film behind, and a few patches of the thermal compound itself. I checked the other cards and found that they were all in a similar state.

Igor's Lab examined the thermal paste used on a brand-new RTX 4080 and found it to be quite thin in nature, due to large quantities of cheap silicone oil being used, along with zinc oxide filler. There was lots of ground aluminium oxide (the material that provides the actual thermal transfer) but it was quite coarse, leading to the paste separating quite easily. Removing the factory-installed paste from another RTX 4080 graphics card, Igor's Lab applied a more appropriate amount of a high-quality paste and discovered that it lowered the hotspot temperature by nearly 30 C.

Media

Apple Vision Pro's Content Drought Improves With New 3D Videos (arstechnica.com) 17

More than a dozen new Immersive Videos are coming to Vision Pro, with the first, titled Boundless, launching last night. "The announcement follows a long, slow period for new Vision Pro-specific video content from Apple," writes Ars Technica's Samuel Axon. "The headset launched in early February with a handful of Immersive Video episodes ranging from five to 15 minutes each. Since then, only three new videos have been added." From the report: Tonight's Boundless episode will allow viewers to see what it's like to ride in a hot air balloon over sweeping vistas. Another episode titled "Arctic Surfing" will arrive this fall, Apple says. Sometime next month, Apple will publish the second episode of its real wildlife documentary, simply titled Wild Life. The episode will focus on elephants in Kenya's Sheldrick Wildlife Trust. Another episode is in the works, too. "Later this year," Apple writes in its newsroom post, "viewers will brave the deep with a bold group of divers in the Bahamas, who come face-to-face with apex predators and discover creatures much more complex than often portrayed."

In September, we'll see the debut of a new Immersive Video series titled Elevated. Apple describes it as an "aerial travel series" in which viewers will fly over places of interest. The first episode will take viewers to Hawaii, while another planned for later this year will go to New England. Apple is additionally partnering with Red Bull for a look at surfing called Red Bull: Big-Wave Surfing. In addition to those documentary episodes, there will be three short films by year's end. One will be a musical experience featuring The Weeknd, and another will take basketball fans inside the 2024 NBA All-Star Weekend. There will also be Submerged, the first narrative fictional Immersive Video on the platform. It's an action short film depicting struggles on a submarine during World War II.

Television

'Halo' Canceled at Paramount+ After Two Seasons (hollywoodreporter.com) 42

Master Chief has fought his last battle at Paramount+. The streamer has canceled its video game adaptation Halo after two seasons. The show originally debuted in 2022. From a report: The series, based on the Xbox franchise and starring Pablo Schreiber as Master Chief John-117, finished its second season in March. "We are extremely proud of this ambitious series and would like to thank our partners at Xbox, 343 Industries and Amblin Television, along with showrunner and executive producer David Wiener, his fellow executive producers, the entire cast led by Pablo Schreiber as Master Chief and the amazing crew for all their outstanding work," Paramount+ said in a statement. "We wish everyone the best going forward."

Sources say the show's producers -- Amblin, Xbox and 343 Industries -- will look to land the series at another outlet for a third season. Paramount+ is said to be supportive of a possible move. "We deeply appreciate the millions of fans who propelled the Halo series to be a global success, and we remain committed to broadening the Halo universe in different ways in the future," reads a statement from 343 Industries. "We are grateful to Amblin and Paramount for their partnership in bringing our expansive sci-fi universe to viewers around the world."

AMD

AMD Claims Its Top-Tier Ryzen AI Chip Is Faster Than Apple's M3 Pro 42

AMD has introduced its latest Ryzen AI chips, built on the new Zen 5 architecture, in an ambitious attempt to compete with Apple's dominant MacBook processors. During a recent two-day event in Los Angeles, the company made bold claims about outperforming Apple's M3 and M3 Pro chips in various tasks including multitasking, image processing, and gaming, though these assertions remain unverified due to limited demonstrations and benchmarks provided at the event, The Verge reports. The report adds: At that event, I heard AMD brag about beating the MacBook more than I've ever heard a company directly target a competitor before. AMD claimed its new Ryzen chip "exceeds the performance of what MacBook Air has to offer in multitasking, image processing, 3D rendering, and gaming"; "is 15 percent faster than the M3 Pro" in Cinebench; and is capable of powering up to four displays, "unlike the MacBook Air, which limits you to two displays only." While AMD touted significant improvements in CPU architecture, graphics performance, and AI capabilities, journalists present at the event were unable to fully test or validate these features, leaving many questions unanswered about the chips' real-world performance.

The company's reluctance or inability to showcase certain capabilities, particularly in gaming and AI applications, has raised eyebrows among industry observers, the report adds. The new Ryzen AI chips are scheduled to debut in Asus laptops on July 28th, marking a critical juncture for AMD in the fiercely competitive laptop processor market. As Apple's M-series chips and Qualcomm's Snapdragon processors continue to gain traction in the mobile computing space, the success or failure of AMD's latest offering could have far-reaching implications for the future of x86 architecture in laptops.
Open Source

Nvidia Will Fully Transition To Open-Source GPU Kernel Modules With R560 Drivers 50

Nvidia is ready to fully transition to open-source Linux GPU kernel drivers, starting with the R555 series and planning a complete shift with the R560 series. The open-source kernel modules will only be available for select newer GPUs, while older architectures like Maxwell, Pascal, and Volta must continue using proprietary drivers. TechSpot reports: According to Nvidia, the open-source GPU kernel modules have helped deliver "equivalent or better" application performance compared to its proprietary kernels. The company has also added new features like Heterogeneous Memory Management (HMM) support, confidential computing, and the coherent memory architectures of the Grace platform to its open-source kernels. [...] For compatible GPUs, the default version of the driver installed by all methods is switching from proprietary to open-source. However, users will have the ability to manually select the closed-source modules if they are still available for their platform.

Unfortunately, the open-source kernel modules are not available for GPUs from the older Maxwell, Pascal, and Volta architectures, meaning people still running a GTX 980 or GTX 1080 will have to continue using Nvidia's proprietary drivers. For mixed deployments with older and newer GPUs in the same system, Nvidia recommends continuing to use the proprietary driver for full compatibility.
"Nvidia has moved most of its proprietary functions into a proprietary, closed-source firmware blob," adds Ars Technica's Kevin Purdy. "The parts of Nvidia's GPUs that interact with the broader Linux system are open, but the user-space drivers and firmware are none of your or the OSS community's business."
Privacy

Leaked Docs Show What Phones Cellebrite Can and Can't Unlock (404media.co) 41

Cellebrite, the well-known mobile forensics company, was unable to unlock a sizable chunk of modern iPhones available on the market as of April 2024, 404 Media reported Wednesday, citing leaked documents it obtained. From the report: Mobile forensics companies typically do not release details on what specific models their tools can or cannot penetrate, instead using vague terms in marketing materials. The documents obtained by 404 Media, which are given to customers but not published publicly, show how fluid and fast moving the success, or failure, of mobile forensic tools can be, and highlights the constant cat and mouse game between hardware and operating manufacturers like Apple and Google, and the hacking companies looking for vulnerabilities to exploit.

[...] For all locked iPhones able to run 17.4 or newer, the Cellebrite document says "In Research," meaning they cannot necessarily be unlocked with Cellebrite's tools. For previous iterations of iOS 17, stretching from 17.1 to 17.3.1, Cellebrite says it does support the iPhone XR and iPhone 11 series. Specifically, the document says Cellebrite recently added support to those models for its Supersonic BF [brute force] capability, which claims to gain access to phones quickly. But for the iPhone 12 and up running those operating systems, Cellebrite says support is "Coming soon."

Security

Senators Press AT&T, Snowflake For Answers on Wide-ranging Data Breach (therecord.media) 27

A bipartisan pair of U.S. senators pressed the leaders of AT&T and data storage company Snowflake on Tuesday for more information about the scope of a recent breach that allowed cybercriminals to steal records on "nearly all" of the phone giant's customers. From a report: "There is no reason to believe that AT&T's sensitive data will not also be auctioned and fall into the hands of criminals and foreign intelligence agencies," Sens. Richard Blumenthal (D-CT) and Josh Hawley (R-MO), the leaders of the Judiciary Committee's privacy subpanel, wrote Tuesday in a letter to AT&T Chief Executive Officer John Stankey.

The duo also sent a missive to Snowflake CEO Sridhar Ramaswamy that said the theft of AT&T subscriber information "appears to be connected with an ongoing series of breaches" of the company's clients, including Ticketmaster, Advance Auto Parts, and Santander Bank. "Disturbingly, the Ticketmaster and AT&T breaches appears [sic] to have been easily preventable," they wrote to Ramaswamy.
Blumenthal and Hawley have asked the corporate leaders to answer a series of questions about the lapses by July 29.
Transportation

Battery Maker SK On Declares 'Emergency' As EV Sales Disappoint (archive.md) 151

"A leading South Korean producer of electric vehicle batteries has declared itself in crisis," reports the Financial Times, "as its customers struggle with disappointing EV sales in Europe and the US." SK On, the world's fourth-largest EV battery maker behind Chinese giants CATL and BYD and South Korean rival LG Energy Solution, has recorded losses for 10 consecutive quarters since being spun off by its parent company in 2021. Its net debt has increased more than fivefold, from Won2.9tn ($2.1bn) to Won15.6tn over the same period, as western EV sales have fallen far short of its expectations. With losses snowballing, chief executive Lee Seok-hee announced a series of cost-cutting and working practice measures last Monday, describing them as a state of "emergency management".

"We have our back against the wall," Lee wrote in a letter to employees. "We should all pull together."

[...] Tim Bush, a Seoul-based battery analyst at UBS, said the South Korean battery makers had been "badly let down" by US car manufacturers, which he said had failed to produce EVs sufficiently attractive to mass market consumers to meet their own bullish sales projections. He noted that until as recently as last year, General Motors was forecasting it would sell 1 million EVs in 2025. It sold just 21,930 in the second quarter of this year.

Bush tells the Financial Times that "the automakers didn't invest enough in producing high-quality affordable EVs." But he also tells the newspaper that a transition to EVs is still "inevitable".

"As long as the wider SK Group continues to see SK On as a trophy asset and gives it the support it needs to weather the present storm, then its long-term future is likely to be assured."

Thanks to long-time Slashdot reader schwit1 for sharing the article.
AT&T

American Hacker In Turkey Linked To Massive AT&T Breach (404media.co) 7

An anonymous reader quotes a report from 404 Media: John Binns, a U.S. citizen who has been incarcerated in Turkey, is linked to the massive data breach of metadata belonging to nearly all of AT&T's customers that the telecommunications giant announced on Friday, three sources independently told 404 Media. [...] As 404 Media reported in January, Binns has already been indicted for allegedly breaking into T-Mobile in 2021 and selling stolen data on more than 40 million people. Now, he is allegedly connected to the latest breach against AT&T, which the company said it detected in April.

The AT&T data was lifted from a Snowflake instance, a data warehousing tool, AT&T told 404 Media. Snowflake has been at the center of a series of massive and high profile breaches, including Ticketmaster and Santander. In a blog post published in June which covered a threat actor targeting Snowflake instances, cybersecurity company Mandiant said the threat actor, which it dubs UNC5537, "comprises members based in North America, and collaborates with an additional member in Turkey." In its breach announcement, AT&T said authorities had already apprehended one of the people involved in the breach. Binns was recently arrested and detained in Turkey, The Desk reported in May. That report, which is the last public information about his whereabouts, says he was detained following an extradition request from the U.S. Before he was arrested, Binns told 404 Media in January that he had "reasons to not be concerned" about being extradited.

Microsoft

Microsoft's Xbox 360 Stores Will Close Up Shop on July 29 16

Speaking of Xbox, the Xbox 360 Store and Marketplace are coming to a close later this month. From a report: Microsoft announced this last year and put an official end date of July 29, according to its official FAQ page. In case you didn't notice, the end of July is fast approaching. All of the games, DLC and any gaming tidbits for Microsoft's second generation console won't be available to purchase or download on the Xbox 360 console. Your games and movie purchases are still safe, however, if you've got any throwback titles on your Xbox One or Series X/S console. You can also still watch your purchased movies and shows on Windows 10 and 11 devices.
HP

HP Discontinues Online-Only LaserJet Printers Amid Backlash - Instant Ink Subscription Gets the Boot, Too (tomshardware.com) 51

An anonymous reader writes: Per a report from DruckerChannel, HP has finally been forced to discontinue its cheaper e-series LaserJet printers due to customers experiencing problems with their online-only and always tied to HP+ subscription requirements. Among other things, HP+ requires a permanent Internet connection, and customers only use HP-original ink and toners, not allowing for third-party alternatives to be used at all. There are benefits to HP+, including cloud printing and an extra year's warranty, but the forced online requirement for a cheaper printer left a bad taste in the mouths of many consumers.

In any case, it's important to clarify that this discontinuation of HP printers will only impact HP LaserJet printers that have an "e" added to the end of their model name to denote the alternative business model. So, the HP Laserjet M110w is unaffected by this, but the HP LaserJet M110we and M209dwe, two cheaper always-online alternatives, will no longer be produced or sold by HP. Another critical point of clarification is that the existing HP e-series LaserJet printer models in the wild will still function exactly as they did when they were purchased. No software updates are forthcoming to unlock the true potential of the hardware, so existing customers will have to deal with it and HP+ until they can replace their printers entirely. At least they'll still get HP+ benefits, but after such backlash, it'd be nice if HP acknowledged its mistake enough to remove some of the restrictions on e-series printer users.

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