The top private schools in New York City plan to charge more than $70,000 this year for tuition, an amount exceeding that of many elite colleges, as they pass on the costs of soaring expenses including teacher salaries. From a report: Spence School, Dalton School and Nightingale-Bamford School on Manhattan's Upper East Side are among at least seven schools where the fees now exceed that threshold, according to school disclosures and Bloomberg reporting

Fees among 15 private schools across the city rose a median of 4.7%, outpacing inflation. Sending a kid to New York private school has always been expensive, but the cost now is so high that even those with well-above-average salaries are feeling squeezed. Prices have risen dramatically in the past decade, up from a median of $39,900 in 2014.

The software and technology sectors pose one of the all-time great concentration risks to the speculative-grade credit market, according to Deutsche Bank AG analysts. Bloomberg: They comprise $597 billion and $681 billion of the speculative-grade credit universe, or about 14% and 16% respectively, analysts led by Steve Caprio wrote in a Monday note. Speculative debt spans high-yield debt, leveraged loans and US private credit.

That's "a meaningful chunk of debt outstanding that risks souring broader sentiment, if software defaults increase," the analysts wrote, with "a potential impact that would rival that of the Energy sector in 2016." Unlike in 2016, pressures would likely first emerge in private credit, business development companies and leveraged loans, with the high-yield market weakening later, the analysts added.

The rapid adoption of artificial intelligence tools risks further weighing down multiples and revenues for software-as-a-service firms, while the US Federal Reserve's hawkish stance since 2022 has pressured cash flows, the analysts wrote. For instance, software payment-in-kind loan usage has risen to 11.3% in BDC portfolios, over 2.5 percentage points higher than the already elevated index average of 8.7%, according to Deutsche. PIK deals typically allow borrowers to pay interest in more debt rather than cash.

If you think your daily doses of espresso or Earl Grey sharpen your mind, you just might be right, new science suggests. The New York Times: A large new study provides evidence of cognitive benefits from coffee and tea -- if it's caffeinated and consumed in moderation: two to three cups of coffee or one to two cups of tea daily.

People who drank that amount for decades had lower chances of developing dementia than people who drank little or no caffeine, the researchers reported. They followed 131,821 participants for up to 43 years. "This is a very large, rigorous study conducted long term among men and women that shows that drinking two or three cups of coffee per day is associated with reduced risk of dementia," said Aladdin Shadyab, an associate professor of public health and medicine at the University of California, San Diego, who wasn't involved in the study.

The findings, published Monday in JAMA, don't prove caffeine causes these beneficial effects, and it's possible other attributes protected caffeine drinkers' brain health. But independent experts said the study adjusted for many other factors, including health conditions, medication, diet, education, socioeconomic status, family history of dementia, body mass index, smoking and mental illness.

Deepfake fraud has gone "industrial," an analysis published by AI experts has said. From a report: Tools to create tailored, even personalised, scams -- leveraging, for example, deepfake videos of Swedish journalists or the president of Cyprus -- are no longer niche, but inexpensive and easy to deploy at scale, said the analysis from the AI Incident Database.

It catalogued more than a dozen recent examples of "impersonation for profit," including a deepfake video of Western Australia's premier, Robert Cook, hawking an investment scheme, and deepfake doctors promoting skin creams. These examples are part of a trend in which scammers are using widely available AI tools to perpetuate increasingly targeted heists. Last year, a finance officer at a Singaporean multinational paid out nearly $500,000 to scammers during what he believed was a video call with company leadership. UK consumers are estimated to have lost $12.86bn to fraud in the nine months to November 2025.

"Capabilities have suddenly reached that level where fake content can be produced by pretty much anybody," said Simon Mylius, an MIT researcher who works on a project linked to the AI Incident Database. He calculates that "frauds, scams and targeted manipulation" have made up the largest proportion of incidents reported to the database in 11 of the past 12 months. He said: "It's become very accessible to a point where there is really effectively no barrier to entry."

An anonymous reader shares a report: It turns out that when fewer cars spew exhaust as they drive along, air quality improves. That's the conclusion of a new study published in The Lancet Planetary Health that looked at the effect of increased numbers of both EVs and plug-in hybrids on air pollution in California. The Golden State has by far the largest number of plug-in vehicles in the United States, and they've now reached significant numbers to have a positive impact on air quality.

Between 2019 and 2023, for every 200 EVs or plug-in hybrids added, nitrogen dioxide (NO2) levels dropped 1.1%, according to the study, which used satellite data to track those levels through the unique way NO2 absorbs and reflects sunlight. NO2 can trigger asthma attacks, cause bronchitis, and increase the risk of heart disease and stroke.

A new NBER working paper from researchers at the Federal Reserve, Northwestern's Kellogg School and Johns Hopkins finds that Kalshi -- the largest federally regulated prediction market in the U.S., overseen by the CFTC -- produces macroeconomic forecasts that match or beat those of professional forecasters and traditional financial instruments like fed funds futures.

The study compared Kalshi-implied forecasts for the federal funds rate, CPI inflation and unemployment against the New York Fed's Survey of Market Expectations and Bloomberg consensus. Kalshi's modal forecast correctly predicted the federal funds rate on the day before every FOMC meeting since 2022, something neither the survey nor fed funds futures achieved. For headline CPI, Kalshi's median and mode produced a statistically significant improvement over Bloomberg consensus.

Kalshi also fills a gap no other financial market covers: real-time probability distributions for GDP growth, core CPI, unemployment, and payrolls. The paper documented how these distributions shift in response to macro news -- positive CPI surprises moved the mean of the fed funds rate distribution four times more than negative ones. Trading volumes on the platform have grown to nearly 100 million contracts for a single FOMC meeting, supported by liquidity from Susquehanna, Citadel, and Two Sigma.

An anonymous reader writes: Linus Torvalds has confirmed the next major kernel series as Linux 7.0, reports Linux news website 9to5Linux.com: "So there you have it, the Linux 6.x era has ended with today's Linux 6.19 kernel release, and a new one will begin with Linux 7.0, which is expected in mid-April 2026. The merge window for Linux 7.0 will open tomorrow, February 9th, and the first Release Candidate (RC) milestone is expected on February 22nd, 2026."

OpenAI has started testing ads inside ChatGPT for logged-in adult users on the Free and Go subscription tiers in the United States, the company said. The Plus, Pro, Business, Enterprise and Education tiers remain ad-free. Ads are matched to users based on conversation topics, past chats, and prior ad interactions, and appear clearly labeled as "sponsored" and visually separated from ChatGPT's organic responses.

OpenAI says the ads do not influence ChatGPT's answers, and advertisers receive only aggregate performance data like view and click counts rather than access to individual conversations. Users under 18 do not see ads, and ads are excluded from sensitive topics such as health, mental health, and politics. Free-tier users can opt out of ads in exchange for fewer daily messages.

Further reading: Anthropic Pledges To Keep Claude Ad-free, Calls AI Conversations a 'Space To Think'.

Anthropic researcher Nicholas Carlini set 16 instances of Claude Opus 4.6 loose on a shared codebase over two weeks to build a C compiler from scratch, and the AI agents produced a 100,000-line Rust-based compiler capable of building a bootable Linux 6.9 kernel on x86, ARM and RISC-V architectures.

The project ran through nearly 2,000 Claude Code sessions and cost about $20,000 in API fees. Each instance operated inside its own Docker container, independently claiming tasks via lock files and pushing completed code to a shared Git repository. No orchestration agent directed traffic. The compiler achieved a 99% pass rate on the GCC torture test suite and can compile major open source projects including PostgreSQL, SQLite, Redis, FFmpeg and Doom. But it lacks a 16-bit x86 backend and calls out to GCC for that step, its assembler and linker remain buggy, and it produces less efficient code than GCC running with all optimizations disabled.

Carlini also invested significant effort building test harnesses and feedback systems to keep the agents productive, and the model hit a practical ceiling at around 100,000 lines as bug fixes and new features frequently broke existing functionality.

The romance genre -- long the publishing industry's earliest adopter of technological shifts, from e-books to self-publishing to serial releases -- has become the front line for AI-generated fiction, and the results as you can imagine are messy. Coral Hart, a Cape Town-based novelist previously published by Harlequin and Mills & Boon, produced more than 200 AI-assisted romance novels last year and self-published them on Amazon, where they collectively sold around 50,000 copies. She found Anthropic's Claude delivered the most elegant prose but was terrible at sexy banter; other programs like Grok and NovelAI wrote graphic scenes that felt rushed and mechanical. Chatbots struggled broadly to build the slow-burn sexual tension romance readers crave, she said.

A BookBub survey of more than 1,200 authors found roughly a third were using generative AI for plotting, outlining, or writing, and the majority did not disclose this to readers. Romance accounts for more than 20% of all adult fiction print sales, according to Circana BookScan, and the genre's reliance on familiar tropes and narrative formulas makes it especially susceptible to AI disruption.

Autodesk has sued Google in San Francisco federal court, alleging the search giant infringed its "Flow" trademark by launching competing AI-powered software for movie, TV and video game production in May 2025.

Autodesk says it has used the Flow name since September 2022 and that Google assured it would not commercialize a product under the same name -- then filed a trademark application in Tonga, where filings are not publicly accessible, before seeking U.S. protection.

Alphabet has lined up banks to sell a rare 100-year bond, stepping up a borrowing spree by Big Tech companies racing to fund their vast investments in AI this year. From a report: The so-called century bond will form part of a debut sterling issuance this week by Google's parent company, according to people familiar with the matter. Alphabet was also selling $15bn of dollar bonds on Monday and lining up a Swiss franc bond sale, the people said.

Century bonds -- long-term borrowing at its most extreme -- are highly unusual, although a flurry were sold during the period of very low interest rates that followed the financial crisis, including by governments such as Austria and Argentina. The University of Oxford, EDF and the Wellcome Trust -- the most recent in 2018 -- are the only issuers to have previously tapped the sterling century market.

Such sales are even rarer in the tech sector, with most of the industry's biggest groups issuing up to 40 years, although IBM sold a 100-year bond back in 1996. Big Tech companies and their suppliers are expected to invest almost $700bn in AI infrastructure this year and are increasingly turning to the debt markets to finance the giant data centre build-out. Michael Burry, writing on Substack: Alphabet looking to issue a 100-year bond. Last time this happened in tech was Motorola in 1997, which was the last year Motorola was considered a big deal.

At the start of 1997, Motorola was a top 25 market cap and top 25 revenue corporation in America. Never again. The Motorola corporate brand in 1997 was ranked #1 in the US, ahead of Microsoft. In 1998, Nokia overtook Motorola in cell phones, and after the iPhone it fell out of the consumer eye. Today Motorola is the 232nd largest market cap with only $11 billion in sales.

Discord said today it's rolling out age verification on its platform globally starting next month, when it will automatically set all users' accounts to a "teen-appropriate" experience unless they demonstrate that they're adults. From a report: Users who aren't verified as adults will not be able to access age-restricted servers and channels, won't be able to speak in Discord's livestream-like "stage" channels, and will see content filters for any content Discord detects as graphic or sensitive. They will also get warning prompts for friend requests from potentially unfamiliar users, and DMs from unfamiliar users will be automatically filtered into a separate inbox.

[...] A government ID might still be required for age verification in its global rollout. According to Discord, to remove the new "teen-by-default" changes and limitations, "users can choose to use facial age estimation or submit a form of identification to [Discord's] vendor partners, with more options coming in the future." The first option uses AI to analyze a user's video selfie, which Discord says never leaves the user's device. If the age group estimate (teen or adult) from the selfie is incorrect, users can appeal it or verify with a photo of an identity document instead. That document will be verified by a third party vendor, but Discord says the images of those documents "are deleted quickly -- in most cases, immediately after age confirmation."

The AI boom has revived a workplace philosophy that China's own regulators cracked down on years ago: the 72-hour work week, known as 996 for its 9am-to-9pm, six-days-a-week cadence. US startups flush with venture capital are now openly advertising it as a feature, not a bug. Rilla, a New York-based AI company that monitors sales reps in the field, warns applicants on its careers page to expect roughly 70-hour weeks. Browser-Use, a seven-person startup building tools for AI-to-browser interaction, operates out of a shared "hacker house" where the line between living and working barely exists.

In a market where dozens of startups are racing to ship similar AI products, founders believe longer hours buy them a competitive edge. But the research disagrees. A WHO and ILO analysis tied 55-plus-hour weeks to 745,000 deaths from stroke and heart disease globally in 2016 alone. Michigan State University found that an employee working 70 hours produces nearly the same output as one working 50.

A mounting body of research is making it harder for companies to justify what most of them still do -- push experienced workers out the door just as they're hitting their professional peak. A 2025 study published in the journal Intelligence analyzed 16 cognitive, emotional and personality dimensions and found that while processing speed declines after early adulthood, other capabilities -- including the ability to avoid distractions and accumulated knowledge -- continue to improve, putting peak overall functioning between ages 55 and 60.

AARP and OECD data back this up at the firm level: a 10-percentage-point increase in workers above 50 correlates with roughly 1.1% higher productivity. A 2022 Boston Consulting Group study found cross-generational teams outperform homogeneous ones. UK retailer B&Q staffed a store largely with older workers in 1989 and saw profits rise 18%. BMW implemented 70 ergonomic changes at a German plant in 2007 and recorded a 7% productivity gain. Yet an Urban Institute analysis of U.S. data from 1992 to 2016 found more than half of workers above 50 were pushed out of long-held jobs before they chose to retire.