Businesses

FTC and Seven States Sue Ticketmaster Over Alleged Coordination With Scalpers 58

The Federal Trade Commission and attorneys general from seven states filed an 84-page lawsuit Thursday in federal court in California against Live Nation Entertainment and its Ticketmaster subsidiary. The suit alleges the companies knowingly allow ticket brokers to use multiple accounts to circumvent purchase limits and acquire thousands of tickets per event for resale at higher prices.

The FTC claims this practice violates the Better Online Ticket Sales Act and generates hundreds of millions in revenue through a "triple dip" fee structure -- collecting fees on initial broker purchases, then from both brokers and consumers on secondary market sales. FTC Chairman Andrew Ferguson cited President Trump's March executive order requiring federal protection against ticketing practices. The lawsuit arrives one month after the FTC sued Maryland broker Key Investment Group over Taylor Swift tour price-gouging and follows the Department of Justice's 2024 monopoly suit against Live Nation.
China

A New Report Finds China's Space Program Will Soon Equal That of the US (arstechnica.com) 93

An anonymous reader quotes a report from Ars Technica: As Jonathan Roll neared completion of a master's degree in science and technology policy at Arizona State University three years ago, he did some research into recent developments by China's ascendant space program. He came away impressed by the country's growing ambitions. Now a full-time research analyst at the university, Roll was recently asked to take a deeper dive into Chinese space plans. "I thought I had a pretty good read on this when I was finishing grad school," Roll told Ars. "That almost everything needed to be updated, or had changed three years later, was pretty scary. On all these fronts, they've made pretty significant progress. They are taking all of the cues from our Western system about what's really galvanized innovation, and they are off to the races with it."

Roll is the co-author of a new report, titled "Redshift," on the acceleration of China's commercial and civil space activities and the threat these pose to similar efforts in the United States. Published on Tuesday, the report was sponsored by the US-based Commercial Space Federation, which advocates for the country's commercial space industry. It is a sobering read and comes as China not only projects to land humans on the lunar surface before the US can return, but also is advancing across several spaceflight fronts to challenge America. "The trend line is unmistakable," the report states. "China is not only racing to catch up -- it is setting pace, deregulating, and, at times, redefining what leadership looks like on and above Earth. This new space race will not be won with a single breakthrough or headline achievement, but with sustained commitment, clear-eyed vigilance, and a willingness to adapt over decades."
"The key takeaway here is that there is an acceleration," said Dave Cavossa, president of the Commercial Spaceflight Federation. "The United States is still ahead today in a lot of areas in space. But the Chinese are advancing very quickly and poised to overtake us in the next five to 10 years if we don't do something."

"There's other things along the lines of budget battles," Cavossa said. "We don't want to see the US government scaling back its reliance on commercial satellite communications. We don't want to see them scaling back commercial remote sensing data buys, which is what they've been doing, or at least threatening to do. We want to make sure that there's a seamless transition from the ISS to commercial LEO destinations, and then a transition away from old programs of record to commercial transportation alternatives. That's what the US government can do and Congress can do here in the next couple of years to make sure that we stay ahead."
Microsoft

Microsoft Announces $30 Billion Investment In AI Infrastructure, Operations In UK 22

Microsoft will invest $30 billion in the U.K. through 2028 to expand AI infrastructure and operations, including building the country's largest supercomputer with 23,000 GPUs in partnership with Nscale. CNBC reports: On a call with reporters on Tuesday, Microsoft President Brad Smith said his stance on the U.K. has warmed over the years. He previously criticized the country over its attempt in 2023 to block the tech giant's $69 billion acquisition of video game developer Activision-Blizzard. The deal was cleared by the U.K.s competition regulator later that year.

"I haven't always been optimistic every single day about the business climate in the U.K.," Smith said. However, he added, "I am very encouraged by the steps that the government has taken over the last few years." "Just a few years ago, this kind of investment would have been inconceivable because of the regulatory climate then and because there just wasn't the need or demand for this kind of large AI investment," Smith said.
Microsoft's announcement comes as President Donald Trump embarks on a state visit to Britain where he's expected to sign a new deal with U.K. Prime Minister Keir Starmer "to unlock investment and collaboration in AI, Quantum, and Nuclear technologies," the government said in a statement late Tuesday.
Government

African Island Demanding Government Action Punished with Year-Long Internet Outage (apnews.com) 42

"When residents of Equatorial Guinea's Annobón island wrote to the government in Malabo in July last year complaining about the dynamite explosions by a Moroccan construction company, they didn't expect the swift end to their internet access..." reports the Associated Press.

"Residents and activists said the company's dynamite explosions in open quarries and construction activities have been polluting their farmlands and water supply..." Dozens of the signatories and residents were imprisoned for nearly a year, while internet access to the small island has been cut off since then, according to several residents and rights groups. Local residents interviewed by The Associated Press left the island in the past months, citing fear for their lives and the difficulty of life without internet. Banking services have shut down, hospital services for emergencies have been brought to a halt and residents say they rack up phone bills they can't afford because cellphone calls are the only way to communicate...

The company's work on the island continues. Residents hoped to pressure authorities to improve the situation with their complaint in July last year. Instead, [the country's president] then deployed a repressive tactic now common in Africa to cut off access to internet to clamp down on protests and criticisms.

Intel

Intel's New Funding Came From Already-Awarded Grants. So What Happens Next? (techcrunch.com) 93

The U.S. government's 10% stake in Intel "is a mistake," writes the Washington Post's editorial board, calling Intel "an aging also-ran in critical markets" that "has spent recent years stumbling on execution and missing one strategic opportunity after another."

But TechCrunch points out that the U.S. government "does not appear to be committing new funds. Instead, it's simply making good on what Intel described as 'grants previously awarded, but not yet paid, to Intel.'" Specifically, the $8.9 billion is supposed to come from $5.7 billion awarded-but-not-paid to Intel under the Biden administration's CHIPS Act, as well as $3.2 billion also awarded by the Biden administration through the Secure Enclave program. In a post on his social network Truth Social, Trump wrote, "The United States paid nothing for these shares..." Trump has been critical of the CHIPS Act, calling it a "horrible, horrible thing" and calling on House Speaker Mike Johnson to "get rid" of it...

According to The New York Times, some bankers and lawyers believe the CHIPS Act may not allow the government to convert its grants to equity, opening this deal to potential legal challenges.

Reuters writes that the money "will not be enough for its contract-chipmaking business to flourish, analysts said. Intel still needs external customers for its cutting-edge 14A manufacturing process to go to production, says Summit Insights analyst Kinngai Chan, "to make its foundry arm economically viable." "We don't think any government investment will change the fate of its foundry arm if they cannot secure enough customers..."

Reuters has reported that Intel's current 18A process — less advanced than 14A — is facing problems with yield, the measure of how many chips printed are good enough to make available to customers. Large chip factories including TSMC swallow the cost of poor yields during the first iterations of the process when working with customers like Apple. For Intel, which reported net losses for six straight quarters, that's hard to do and still turn a profit. "If the yield is bad then new customers won't use Intel Foundry, so it really won't fix the technical aspect of the company," said Ryuta Makino, analyst at Gabelli Funds, which holds Intel stock.

Makino, who believes that Intel can ultimately produce chips at optimal yields, views the deal as a net negative for Intel compared with just receiving the funding under the CHIPS Act as originally promised under the Biden Administration. "This isn't free money," he said. The federal government will not take a seat on Intel's board and has agreed to vote with the company's board on matters that need shareholder approval, Intel said. But this voting agreement comes with "limited exceptions" and the government is getting Intel's shares at a 17.5% discount to their closing price on Friday. The stake will make the U.S. government Intel's biggest shareholder, though neither Trump nor Intel disclosed when the transaction would happen...

Some analysts say Intel could benefit from the government's support, including in building out factories. Intel has said it is investing more than $100 billion to expand its U.S. factories and expects to begin high-volume chip production later this year at its Arizona plant. "To have access to capital and a new partial owner that wants to see you succeed are both important," said Peter Tuz, president of Chase Investment Counsel.

Movies

Hollywood's Newest Formula For Success: Rereleasing Old Movies (nytimes.com) 64

An anonymous reader quotes a report from the New York Times: There's an overwhelming sense of deja vu at multiplexes these days. In August alone, "Black Swan" (2010) is returning to theaters, along with the Tim Burton "Batman" movies from 1989 and 1992. Audiences will be able to revisit the oceanic terror of "Jaws" (1975), as well as the comic mystery (and multiple endings) of "Clue" (1985). Or they could groove to Prince's "Sign o' the Times" concert film from 1987. And it doesn't look like the rerelease trend is slowing down. In September, "The Breakfast Club" (1985) is returning, Pixar is bringing back "Toy Story" (1995), and "Apollo 13" (1995) is blasting off again. "Casper" (1995) will haunt screens for nearly the entire month of October, while "Avatar: The Way of Water" (2022) will run for about five days, teeing up the forthcoming "Avatar: Fire and Ash." And there are still more to come before the end of the year.

Rereleases have long been part of the theatrical ecosystem. After all, "Star Wars" movies have been heading back to multiplexes routinely since 1981 -- before "Return of the Jedi" even debuted. But recently, studios have been digging deeper into their archives for a variety of reasons -- only some of which have to do with nostalgia. "Black Swan," from Searchlight, which is now owned by Disney, took over around 200 IMAX screens to commemorate its 15th anniversary. Universal's specialty arm, Focus Features, rereleased both "Pride & Prejudice" (2005) and "Brokeback Mountain" (2005) earlier this year. "Pride & Prejudice" ultimately grossed more than $6 million domestically this time around, about 16 percent of its original U.S. box office haul.

In total, Universal has 12 rereleases on its 2025 slate -- not including a partnership with another distribution company -- compared with just four in 2024 and two in 2023. "We very much pay a lot of attention to our repertory business," the studio's president of domestic theatrical distribution, Jim Orr, said by phone, explaining, "We just think it's not only great fun for audiences, but a great business to be in as well." Orr explained that the size of Universal's rerelease slate this year was "more coincidental" than anything else, with all the films hitting anniversaries in 2025. Still, there is a strong business motivation: The rereleases help studios and exhibitors pad out relatively thin slates. "The truth of the matter is studios don't have enough product right now to give theaters, so that's why you're seeing an influx of these nostalgia plays," said Jeff Bock, senior media analyst at Exhibitor Relations. He added, "It doesn't cost a lot for them to do an anniversary edition or a 4K edition."
There are several other reasons why Hollywood is rereleasing old movies, according to Orr. Rereleases are far cheaper to put out than launching a brand-new title. Studios also target films that already have strong, enduring audiences, "whether that's 'Pride & Prejudice,' with its meme-able depiction of yearning, or 'Casper,'" which he said had elicited 'decent' interest every year.

Then there's what Orr calls "opportunistic dating." "There might be a window where something goes thematically or holiday-wise, whatever kind of fits in, or there might be some more screens available in specific formats," he said. Specialty format releases like IMAX, Dolby, or 3D also help bring moviegoers to the theaters.
The Almighty Buck

Fintech, Crypto CEOs Urge US President To Block Banks' Data-Access Fees 23

Top fintech and crypto executives urged the Trump administration to block US banks from charging fees for access to customer data, levies that strike at the heart of their business models. From a report: Klarna, Robinhood and crypto exchange Gemini were among a long list of companies, investors and lobbying groups that signed a letter sent Wednesday to President Donald Trump, arguing that the proposed fees would "cripple" innovation and "may cause small businesses and financial tools to shut down entirely."

JPMorgan Chase has told fintechs and the data aggregators they rely on that the bank's customer account information will no longer be accessible without a charge. JPMorgan, the biggest US bank, views the data aggregators as freeloaders of sorts who access data without paying and then charge their fintech clients for it. PNC Financial Services is considering charging similar fees.

"We urge you to use the full power of your office and the broader administration to prevent the largest institutions from raising new barriers to financial freedom," they said in the letter. "We cannot allow the most powerful, entrenched banks to close the door on a more open and modern financial system."
Security

CrowdStrike Investigated 320 North Korean IT Worker Cases In the Past Year (cyberscoop.com) 11

An anonymous reader quotes a report from CyberScoop: North Korean operatives seeking and gaining technical jobs with foreign companies kept CrowdStrike busy, accounting for almost one incident response case or investigation per day in the past year, the company said in its annual threat hunting report released Monday. "We saw a 220% year-over-year increase in the last 12 months of Famous Chollima activity," Adam Meyers, senior vice president of counter adversary operations, said during a media briefing about the report. "We see them almost every day now," he said, referring to the North Korean state-sponsored group of North Korean technical specialists that has crept into the workforce of Fortune 500 companies and small-to-midsized organizations across the globe.

CrowdStrike's threat-hunting team investigated more than 320 incidents involving North Korean operatives gaining remote employment as IT workers during the one-year period ending June 30. CrowdStrike researchers found that Famous Chollima fueled that pace of activity with an assist from generative artificial intelligence tools that helped North Korean operatives maneuver workflows and evade detection during the hiring process. "They use generative AI across all stages of their operation," Meyers said. The insider threat group used generative AI to draft resumes, create false identities, build tools for job research, mask their identity during video interviews and answer questions or complete technical coding assignments, the report found. CrowdStrike said North Korean tech workers also used generative AI on the job to help with daily tasks and manage various communications across multiple jobs -- sometimes three to four -- they worked simultaneously.

Threat hunters observed other significant shifts in malicious activity during the past year, including a 27% year-over-year increase in hands-on-keyboard intrusions -- 81% of which involved no malware. Cybercrime accounted for 73% of all interactive intrusions during the one-year period. CrowdStrike continues to find and add more threat groups and clusters of activity to its matrix of cybercriminals, nation-state attackers and hacktivists. The company identified 14 new threat groups or individuals in the past six months, Meyers said. "We're up to over 265 named adversary groups that we track, and then 150 what we call malicious activity clusters," otherwise unnamed threat groups or individuals under development, Meyers said.

Piracy

How Napster Inspired a Generation of Rule-Breaking Entrepreneurs (fastcompany.com) 16

Napster's latest AI pivot "is the latest in a series of attempts by various owners to ride its brand cachet during emerging tech waves," Fast Company reported in July. In March, it sold for $207 million to Infinite Reality, an immersive digital media and e-commerce company, which also rebranded as Napster last month. Since 2020, other owners have included a British VR music startup (to create VR concerts) and two crypto-focused companies that bought it to anchor a Web3 music platform. Napster's launch follows a growing number of attempts to drive AI adoption beyond smartphones and laptops.
And tonight the Washington Post re-visited the legacy of Napster's original mp3-sharing model, arguing Napster "inspired successive generations of entrepreneurs to risk flouting the law so they could grow enough to get the laws changed to suit them, including Airbnb and Uber." "Napster to me embodies the idea that it is better to seek forgiveness than permission," said Mark Lemley, director of Stanford Law School's Program in Law, Science & Technology. "It didn't work out well for Napster or for many of the others who got sued, but it worked out very well for everyone else — users, and eventually the content industry, too, which is making record profits...." [Napster co-founder Sean] Parker later advised Spotify, and Napster marketing chief Oliver Schusser is now Apple's vice president for music.

Although many users saw Napster as an extension of rock-and-roll rebellion, that was not the company's real plan. First Fanning's majority-owning uncle, and then venture capital firm Hummer Winblad, wanted the start-up to leverage its knowledge of individual music consumers to make lucrative deals with the labels, according to internal documents this reporter found in researching a book on Napster. They warned that if no agreement were reached and Napster failed, more decentralized pirate services would take the audience and offer the labels nothing.

But settlement talks failed. The litigation blitz also took down a Napster competitor called Scour, which a young Travis Kalanick had joined shortly after its founding. Kalanick later created Uber, dedicated to overthrowing taxi regulations.

The article concludes that "Now it is Microsoft, Meta, Apple and Google, among the largest companies in the world, bankrolling the consumption of all media.

"They, too, have absorbed Napster's lessons in realpolitik, namely to build it first and hope the regulators will either yield or catch up."
Social Networks

Trump, Who Promised To Save TikTok, Threatens To Shut Down TikTok (arstechnica.com) 111

An anonymous reader quotes a report from Ars Technica: Donald Trump vowed to save TikTok before taking office, claiming only he could make a deal to keep the app operational in the US despite national security concerns. But then, he put Vice President JD Vance in charge of the deal, and after months of negotiations, the US still doesn't seem to have found terms for a sale that the Chinese government is willing to approve. Now, Trump Commerce Secretary Howard Lutnick has confirmed that if China won't approve the latest version of the deal -- which could result in a buggy version of TikTok made just for the US -- the administration is willing to shut down TikTok. And soon.

On Thursday, Lutnick told CNBC that TikTok would stop operating in the US if China and TikTok owner ByteDance won't sell the app to buyers that Trump lined up, along with control over TikTok's algorithm. Under the deal Trump is now pushing, "China can have a little piece or ByteDance, the current owner, can keep a little piece," Lutnick said. "But basically, Americans will have control. Americans will own the technology, and Americans will control the algorithm." However, ByteDance's board has long maintained that the US can alleviate its national security fears -- that China may be using the popular app to manipulate and spy on Americans -- without forcing a sale. In January, a ByteDance board member, Bill Ford, told World Economic Forum attendees that a non-sale option "could involve a change of control locally to ensure" TikTok "complies with US legislation" without selling off the app or its algorithm.

At this point, Lutnick suggested that the US is unwilling to bend on the requirement that the US control the recommendation algorithm, which is viewed as the secret sauce that makes the app so popular globally. ByteDance may be unwilling to sell the algorithm partly because then it would be sharing its core intellectual property with competitors in the US. Earlier this month, Trump had claimed that he wasn't "confident" that China would approve the deal, even though he thought it was "good for China." Analysts have suggested that China views TikTok as a bargaining chip in its tariff negotiations with Trump, which continue to not go smoothly, and it may be OK with the deal but unwilling to release the bargaining chip without receiving key concessions from the US. For now, the US and China are enjoying a 90-day truce that could end in August, about a month before the deadline Trump set to sell TikTok in mid-September.

The Military

What Eyewitnesses Remembered About the World's First Atomic Bomb Explosion in 1945 (politico.com) 47

Historian Garrett M. Graff describes his upcoming book, The Devil Reached Toward the Sky: An Oral History of the Making and Unleashing of the Atomic Bomb. "I assembled an oral history of the Manhattan Project, the bombings of Hiroshima and Nagasaki and the end of World War II in the Pacific, told through the voices of around 500 participants and witnesses of the events — including luminaries like Albert Einstein and Oppenheimer and political figures like President Harry Truman."

It was 80 years ago this week that physicists and 150 other leaders in the atomic bomb program "gathered in the desert outside Alamogordo, New Mexico, for the world's first test of a nuclear explosion." In an except from his upcoming book, Graff publishes quotes from eyewitness: Brig. Gen. Leslie Groves: I had become a bit annoyed with Fermi when he suddenly offered to take wagers from his fellow scientists on whether or not the bomb would ignite the atmosphere, and if so, whether it would merely destroy New Mexico or destroy the world. He had also said that after all it wouldn't make any difference whether the bomb went off or not because it would still have been a well worthwhile scientific experiment. For if it did fail to go off, we would have proved that an atomic explosion was not possible. Afterward, I realized that his talk had served to smooth down the frayed nerves and ease the tension of the people at the base camp, and I have always thought that this was his conscious purpose. Certainly, he himself showed no signs of tension that I could see...

As the hour approached, we had to postpone the test — first for an hour and then later for 30 minutes more — so that the explosion was actually three- and one-half hours behind the original schedule... Our preparations were simple. Everyone was told to lie face down on the ground, with his feet toward the blast, to close his eyes and to cover his eyes with his hands as the countdown approached zero. As soon as they became aware of the flash they could turn over and sit or stand up, covering their eyes with the smoked glass with which each had been supplied... The quiet grew more intense. I, myself, was on the ground between Bush and Conant...

Edward Teller: We all were lying on the ground, supposedly with our backs turned to the explosion. But I had decided to disobey that instruction and instead looked straight at the bomb. I was wearing the welder's glasses that we had been given so that the light from the bomb would not damage our eyes. But because I wanted to face the explosion, I had decided to add some extra protection. I put on dark glasses under the welder's glasses, rubbed some ointment on my face to prevent sunburn from the radiation, and pulled on thick gloves to press the welding glasses to my face to prevent light from entering at the sides... We all listened anxiously as the broadcast of the final countdown started; but, for whatever reason, the transmission ended at minus five seconds...

Kenneth T. Bainbridge: My personal nightmare was knowing that if the bomb didn't go off or hang-fired, I, as head of the test, would have to go to the tower first and seek to find out what had gone wrong...

Brig. Gen. Thomas F. Farrell: Dr. Oppenheimer held on to a post to steady himself. For the last few seconds, he stared directly ahead.

A few examples of how they remembered the explosion:
  • William L. Laurence: There rose from the bowels of the earth a light not of this world, the light of many suns in one.
  • Kenneth T. Bainbridge: I felt the heat on the back of my neck, disturbingly warm.
  • George B. Kistiakowsky: I am sure that at the end of the world — in the last millisecond of the earth's existence — the last man will see what we have just seen.
  • Brig. Gen. Thomas F. Farrell: Oppenheimer's face relaxed into an expression of tremendous relief.
  • J. Robert Oppenheimer: We knew the world would not be the same. A few people laughed, a few people cried.
  • Norris Bradbury, physicist, Los Alamos Lab: Some people claim to have wondered at the time about the future of mankind. I didn't. We were at war, and the damned thing worked.

Power

California Set To Become First US State To Manage Power Outages With AI (technologyreview.com) 74

An anonymous reader quotes a report from MIT Technology Review: California's statewide power grid operator is poised to become the first in North America to deploy artificial intelligence to manage outages, MIT Technology Review has learned. "We wanted to modernize our grid operations. This fits in perfectly with that," says Gopakumar Gopinathan, a senior advisor on power system technologies at the California Independent System Operator -- known as the CAISO and pronounced KAI-so. "AI is already transforming different industries. But we haven't seen many examples of it being used in our industry."

At the DTECH Midwest utility industry summit in Minneapolis on July 15, CAISO is set to announce a deal to run a pilot program using new AI software called Genie, from the energy-services giant OATI. The software uses generative AI to analyze and carry out real-time analyses for grid operators and comes with the potential to autonomously make decisions about key functions on the grid, a switch that might resemble going from uniformed traffic officers to sensor-equipped stoplights. But while CAISO may deliver electrons to cutting-edge Silicon Valley companies and laboratories, the actual task of managing the state's electrical system is surprisingly analog.

Today, CAISO engineers scan outage reports for keywords about maintenance that's planned or in the works, read through the notes, and then load each item into the grid software system to run calculations on how a downed line or transformer might affect power supply. "Even if it takes you less than a minute to scan one on average, when you amplify that over 200 or 300 outages, it adds up," says Abhimanyu Thakur, OATI's vice president of platforms, visualization, and analytics. "Then different departments are doing it for their own respective keywords. Now we consolidate all of that into a single dictionary of keywords and AI can do this scan and generate a report proactively." If CAISO finds that Genie produces reliable, more efficient data analyses for managing outages, Gopinathan says, the operator may consider automating more functions on the grid. "After a few rounds of testing, I think we'll have an idea about what is the right time to call it successful or not," he says.

The Internet

FCC Chair Accused of 'Political Theater' to Please Net Neutrality's Foes (freepress.net) 35

The advocacy group Free Press on Friday blasted America's Federal Communications Commission chief "for an order that rips net neutrality rules off the books, without any time for public comment, following an unfavorable court ruling," reports the nonprofit progressive news site Common Dreams: A panel from the U.S. Court of Appeals for the 6th Circuit ruled in January that broadband is an "information service" instead of a "telecommunications service" under federal law, and the FCC did not have the authority to prohibit internet service providers (ISPs) from creating online "fast lanes" and blocking or throttling web content... FCC Chair Brendan Carr said in a Friday statement that as part of his "Delete, Delete, Delete" initiative, "we're continuing to clean house at the FCC, working to identify and eliminate rules that no longer serve a purpose, have been on our books for decades, and have no place in the current Code of Federal Regulations...."

Responding in a lengthy statement, Free Press vice president of policy and general counsel Matt Wood said that "the FCC's so-called deletion today is little more than political grandstanding. It's true that the rules in question were first stayed by the 6th Circuit and then struck down by that appellate court — in a poorly reasoned opinion. So today's bookkeeping maneuver changes very little in reality... There's no need to delete currently inoperative rules, much less to announce it in a summer Friday order. The only reason to do that is to score points with broadband monopolies and their lobbyists, who've fought against essential and popular safeguards for the past two decades straight...."

Wood noted that "the appeals process for this case has not even concluded yet, as Free Press and allies sought and got more time to consider our options at the Supreme Court. Today's FCC order doesn't impact either our ability to press the case there or our strategic considerations about whether to do so," he added. "It's little more than a premature housekeeping step..."

AI

Google DeepMind's Spinoff Company 'Very Close' to Human Trials for Its AI-Designed Drugs (fortune.com) 40

Google DeepMind's chief business officer says Alphabet's drug-discovery company Isomorphic Labs "is preparing to launch human trials of AI-designed drugs," according to a report in Fortune, "pairing cutting-edge AI with pharma veterans to design medicines faster, cheaper, and more accurately." "There are people sitting in our office in King's Cross, London, working, and collaborating with AI to design drugs for cancer," said Colin Murdoch [DeepMind's chief business officer and president of Isomorphic Labs]. "That's happening right now."

After years in development, Murdoch says human clinical trials for Isomorphic's AI-assisted drugs are finally in sight. "The next big milestone is actually going out to clinical trials, starting to put these things into human beings," he said. "We're staffing up now. We're getting very close."

The company, which was spun out of DeepMind in 2021, was born from one of DeepMind's most celebrated breakthroughs, AlphaFold, an AI system capable of predicting protein structures with a high level of accuracy. Interactions of AlphaFold progressed from being able to accurately predict individual protein structures to modeling how proteins interact with other molecules like DNA and drugs. These leaps made it far more useful for drug discovery, helping researchers design medicines faster and more precisely, turning the tool into a launchpad for a much larger ambition... In 2024, the same year it released AlphaFold 3, Isomorphic signed major research collaborations with pharma companies Novartis and Eli Lilly. A year later, in April 2025, Isomorphic Labs raised $600 million in its first-ever external funding round, led by Thrive Capital. The deals are part of Isomorphic's plan to build a "world-class drug design engine..."

Today, pharma companies often spend millions attempting to bring a single drug to market, sometimes with just a 10% chance of success once trials begin. Murdoch believes Isomorphic's tech could radically improve those odds. "We're trying to do all these things: speed them up, reduce the cost, but also really improve the chance that we can be successful," he says. He wants to harness AlphaFold's technology to get to a point where researchers have 100% conviction that the drugs they are developing are going to work in human trials. "One day we hope to be able to say — well, here's a disease, and then click a button and out pops the design for a drug to address that disease," Murdoch said. "All powered by these amazing AI tools."

Crime

US Probes Whether Negotiator Took Slice of Hacker Payments (msn.com) 12

An anonymous reader shares a report: Law enforcement officials are investigating a former employee of a company that negotiates with hackers and facilitates cryptocurrency payments during ransomware attacks, according to a statement from the firm, DigitalMint. DigitalMint President Marc Jason Grens this week told organizations it works with that the US Justice Department is examining allegations that the then-employee struck deals with hackers to profit from extortion payments, according to a person familiar with the matter.

Grens did not identify the employee by name and characterized their actions as isolated, said the person, who spoke on condition that they not be identified describing private conversations. DigitalMint is cooperating with a criminal investigation into "alleged unauthorized conduct by the employee while employed here," Grens said in an email to Bloomberg News. The Chicago-based company is not the target of the investigation and the employee "was immediately terminated," Grens said, adding that he can't provide more information because the probe is ongoing.

EU

'The Year of the EU Linux Desktop May Finally Arrive' (theregister.com) 71

Steven J. Vaughan-Nichols writes in an opinion piece for The Register: Microsoft, tactically admitting it has failed at talking all the Windows 10 PC users into moving to Windows 11 after all, is -- sort of, kind of -- extending Windows 10 support for another year. For most users, that means they'll need to subscribe to Microsoft 365. This, in turn, means their data and meta-information will be kept in a US-based datacenter. That isn't sitting so well with many European Union (EU) organizations and companies. It doesn't sit that well with me or a lot of other people either.

A few years back, I wrote in these very pages that Microsoft didn't want you so much to buy Windows as subscribe to its cloud services and keep your data on its servers. If you wanted a real desktop operating system, Linux would be almost your only choice. Nothing has changed since then, except that folks are getting a wee bit more concerned about their privacy now that President Donald Trump is in charge of the US. You may have noticed that he and his regime love getting their hands on other people's data.

Privacy isn't the only issue. Can you trust Microsoft to deliver on its service promises under American political pressure? Ask the EU-based International Criminal Court (ICC) which after it issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu for war crimes, Trump imposed sanctions on the ICC. Soon afterward, ICC's chief prosecutor, Karim Khan, was reportedly locked out of his Microsoft email accounts. Coincidence? Some think not. Microsoft denies they had anything to do with this.

Peter Ganten, chairman of the German-based Open-Source Business Alliance (OSBA), opined that these sanctions ordered by the US which he alleged had been implemented by Microsoft "must be a wake-up call for all those responsible for the secure availability of state and private IT and communication infrastructures." Microsoft chairman and general counsel, Brad Smith, had promised that it would stand behind its EU customers against political pressure. In the aftermath of the ICC reports, Smith declared Microsoft had not been "in any way [involved in] the cessation of services to the ICC." In the meantime, if you want to reach Khan, you'll find him on the privacy-first Swiss email provider, ProtonMail.

In short, besides all the other good reasons for people switching to the Linux desktop - security, Linux is now easy to use, and, thanks to Steam, you can do serious gaming on Linux - privacy has become much more critical. That's why several EU governments have decided that moving to the Linux desktop makes a lot of sense... Besides, all these governments know that switching from Windows 10 to 11 isn't cheap. While finances also play a role, and I always believe in "following the money" when it comes to such software decisions, there's no question that Europe is worried about just how trustworthy America and its companies are these days. Do you blame them? I don't.
The shift to the Linux desktop is "nothing new," as Vaughan-Nichols notes. Munich launched its LiMux project back in 2004 and, despite ending it in 2017, reignited its open-source commitment by establishing a dedicated program office in 2024. In France, the gendarmerie now operates over 100,000 computers on a custom Ubuntu-based OS (GendBuntu), while the city of Lyon is transitioning to Linux and PostgreSQL.

More recently, Denmark announced it is dropping Windows and Office in favor of Linux and LibreOffice, citing digital sovereignty. The German state of Schleswig-Holstein is following suit, also moving away from Microsoft software. Meanwhile, a pan-European Linux OS (EU OS) based on Fedora Kinoite is being explored, with Linux Mint and openSUSE among the alternatives under consideration.
United States

Zuckerberg's Advocacy Group Warns US Families They Can't Afford Immigration Policy Changes 186

theodp writes: FWD.us, the immigration and criminal justice-focused nonprofit of Meta CEO Mark Zuckerberg -- the world's third richest person, according to Forbes with an estimated $250B net worth -- has released a new research report warning that announced immigration policies will hurt American families, who can't afford it with their meager savings.

The report begins: "Inflation remains a top concern for the majority of Americans. But new immigration policies announced by President Trump, and already underway, such as revoking immigrant work permits, deporting millions of people, and limiting legal immigration, would directly undermine the goal to level out, or even lower, the costs of everyday and essential goods and services. In fact, all Americans, particularly working-class families, are about to unnecessarily see prices for goods and services like food and housing increase substantially again, above and beyond other economic policies like global tariffs that could also raise prices. Announced immigration policies will result in American families paying an additional $2,150 for goods and services each year by the end of 2028, or the equivalent of the average American family's grocery bill for 3 months or their combined electricity and gas bills for the entire year. Such an annual increase would represent a tax that would erase many American families' annual savings, and amount to one of their bi-weekly paychecks each year. Unlike past periods of inflation, Americans have not been saving at the same rate as earlier years, and can't as easily absorb these price increases, squeezing American budgets even further."

In 2021, Zuckerberg's FWD.us teamed with the nation's tech giants to file a brief with the Supreme Court case to help crush WashTech (a tiny programmers' union), who challenged the lawfulness of hiring international students under the Optional Practical Training (OPT) program. "Striking down OPT and STEM OPT," FWD.us and its tech giant partners argued in their filing, [PDF] "would create a sudden labor shortage in the United States for many companies' most important technical jobs" and "hurt U.S. workers." The brief also dismissed WashTech's contention that the programs coupled with a talent surplus would shut U.S. workers out of the labor market, citing Microsoft's President Brad Smith's claim of an acute talent shortage and a 2.4% unemployment rate for computer occupations (that was then, this is now).
Power

Ford Plows Ahead On EV Battery Factory Amid Political Storm (axios.com) 172

Ford is moving forward with its $3 billion EV battery plant in Michigan despite political pushback and the potential loss of key U.S. tax credits that make the project financially viable. Axios reports: Ford's argument is that by building batteries using technology licensed from China's leading battery producer, CATL, it is helping to re-shore important manufacturing expertise that was long ago ceded to China. [...] "LFP batteries are produced all around Europe, and the rest of the world," said Lisa Drake, Ford's vice president of technology platform programs and EV systems. "How can we compete if we don't have this technology? Somebody has to take the lead to do this," she said, adding that it will lead to homegrown innovation and the seeding of a domestic supply base. "I'm convinced this is the right thing to do for the United States," she said.

Drake said the tax subsidies are even more important in the face of slower-than-expected EV demand. "When EV adoption slowed, it just became a huge headwind," she said. "The [production tax credit] allows us to keep on this path, and to keep going." "We don't want to back off on scaling, hiring or training in an industry we need to be competitive in the future," she said. "It would be a shame to build these facilities and then have to scale back on the most important part of it, which is the people. These are 1,700 jobs. They don't come along very often."

Consumer tax credits for EV purchases get the most attention, but for manufacturers, the far more lucrative incentives come in the form of production tax credits. Companies could receive a tax credit of $35 per kilowatt-hour for each U.S.-made cell, and another $10 per kilowatt-hour for each battery pack. With an annual production capacity of 20 GWh, Ford's battery plant could potentially receive a $900 million tax credit, offsetting almost one-third of its investment. [...] The Republican-controlled Senate could vote as early as Wednesday on a budget bill that would rewrite language around EV tax credits. A House version of the bill passed last month effectively killed the production tax credits for manufacturers by severely tightening the eligibility requirements. It also specifically prohibited credits for batteries made in the U.S. under a Chinese licensing agreement -- a direct hit on Ford.

The Courts

DOJ Files To Seize $225 Million In Crypto From Scammers (theverge.com) 13

The DOJ has filed a civil complaint to seize $225.3 million in cryptocurrency linked to pig butchering scams -- long-con frauds where victims are tricked into fake crypto investments. The funds were laundered through a blockchain network, and the DOJ says recovered money will go toward reimbursing victims. The Verge reports: The 75-page complaint (PDF) filed in the US District Court for the District of Columbia lays out more detail about the seizure. According to it, the US Secret Service (USSS) and Federal Bureau of Investigation (FBI) tied scammers to seven groups of Tether stablecoin tokens. The fraud fell under what's typically known as "pig butchering": a form of long-running confidence scam aimed at tricking victims -- sometimes with a fake romantic relationship -- into what they believe is a profitable crypto investment opportunity, then disappearing with the funds. Pig butchering rings often traffic the workers who directly communicate with victims to Southeast Asian countries, something the DOJ alleges this ring did.

The DOJ says Tether and crypto exchange OKX first alerted law enforcement in 2023 to a series of accounts they believed were helping launder fraudulently obtained currency through a vast and complex web of transactions. The alleged victims include Shan Hanes (referred to in this complaint as S.H.), the former Heartland Tri-State Bank president who was sentenced to 24 years in prison for embezzling tens of millions of dollars to invest in one of the best-known and most devastating pig butchering scams. The complaint lists a number of other victims who lost thousands or millions of dollars they thought they were investing (and did not commit crimes of their own). An FBI report (PDF) cited by the press release concluded overall crypto investment fraud caused $5.8 billion worth of reported losses in 2024.

AI

Ohio University Says All Students Will Be Required To Train and 'Be Fluent' In AI (theguardian.com) 73

Ohio State University is launching a campus-wide AI fluency initiative requiring all students to integrate AI into their studies, aiming to make them proficient in both their major and the responsible use of AI. "Ohio State has an opportunity and responsibility to prepare students to not just keep up, but lead in this workforce of the future," said the university's president, Walter "Ted" Carter Jr. He added: "Artificial intelligence is transforming the way we live, work, teach and learn. In the not-so-distant future, every job, in every industry, is going to be [affected] in some way by AI." The Guardian reports: The university said its program will prioritize the incoming freshman class and onward, in order to make every Ohio State graduate "fluent in AI and how it can be responsibly applied to advance their field." [...] Steven Brown, an associate professor of philosophy at the university, told NBC News that after students turned in the first batch of AI-assisted papers he found "a lot of really creative ideas."

"My favorite one is still a paper on karma and the practice of returning shopping carts," Brown said. Brown said that banning AI from classwork is "shortsighted," and he encouraged his students to discuss ethics and philosophy with AI chatbots. "It would be a disaster for our students to have no idea how to effectively use one of the most powerful tools that humanity has ever created," Brown said. "AI is such a powerful tool for self-education that we must rapidly adapt our pedagogy or be left in the dust."

Separately, Ohio's AI in Education Coalition is working to develop a comprehensive strategy to ensure that the state's K-12 education system, encompassing the years of formal schooling from kindergarten through 12th grade in high school, is prepared for and can help lead the AI revolution. "AI technology is here to stay," then lieutenant governor Jon Husted said last year while announcing an AI toolkit for Ohio's K-12 school districts that he added would ensure the state "is a leader in responding to the challenges and opportunities made possible by artificial intelligence."

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