The Justice Department justified its delayed release of sensitive files by citing the need to carefully redact information that could identify victims, but at least some of those redactions have proven to be technically ineffective and can be bypassed by simply copying and pasting the blacked-out text into a new document.

A 2022 complaint filed by the US Virgin Islands seeking damages from Jeffrey Epstein's estate appeared on the DOJ's "Epstein Library" website with black boxes throughout. Techdirt founder Mike Masnick and others shared on Bluesky that the redactions could be trivially circumvented. The exposed text includes allegations that a co-executor signed over $400,000 in foundation checks "payable to young female models and actresses, including a former Russian model," and details about an immigration lawyer allegedly "involved in one or more forced marriages arranged among Epstein's victims."

Separately, Drop Site News was also apparently able to guess URLs of files not yet published by extrapolating the format.

The Washington Post notes AI's "increasingly outsize role" in propping up America's economic fortunes.

"Last week, the United States reported that the economy expanded at a rate of 1.6 percent in the first half of the year, with most of that growth driven by AI spending. Without AI investment, growth would have been at about a third of that rate, according to data from the Bureau of Economic Analysis." The huge economic influence of AI spending illustrates how Silicon Valley is placing a bet of unprecedented scale that the technology will revolutionize every aspect of life and work. Its sway suggests there will be economic damage far beyond Silicon Valley if that bet doesn't work out or companies pull back. Google, Meta, Microsoft and Amazon are on track to spend nearly $400 billion this year on data centers...

Concern about a potential bubble in AI investment has recently grown in technology and financial circles. ChatGPT and other AI tools are hugely popular with companies and consumers, and hundreds of billions of dollars has been sunk into AI ventures over the past three years. But few of the new initiatives are profitable, and huge profits will be needed for the immense investments to pay off... "I'm getting more and more skeptical and more and more concerned with what's happening" with artificial intelligence, said Andrew Odlyzko, an economic historian and University of Minnesota emeritus professor who has studied financial bubbles closely, including the telecom bubble that collapsed in 2001 as part of the dot-com crash. Some industry insiders have expressed concern that the latest AI releases have fallen short of expectations, suggesting the technology may not advance enough to pay back the huge investments being made, he said. "AI is a craze," Odlyzko said...

[The Federal Reserve's August "beige book" summarizes interviews with business owners across the country, according to the article — and it found surging investments in AI data centers, which could tie their fortunes to other sectors.] That's boosting demand for electricity and trucking in the Atlanta region, a hot spot for the facilities, and creating new projects for commercial real estate developers in the Philadelphia region. Because tech companies now dominate public markets, any change in their fortunes and share prices can also have a powerful influence on stock indexes, 401(k)s and the wider economy... Stock market slumps can have knock-on effects by undercutting the confidence of American businesses and consumers, leading them to spend less, said Gregory Daco [chief economist at strategy consulting firm EY-Parthenon]... "That directly affects economic activity," he said, potentially widening the economic fallout...

Goldman Sachs analysts wrote in a Sept. 4 note to clients that even if AI investment works out for companies like Google, there will be an "inevitable slowdown" in data center construction. That will cut revenue to companies providing the projects with chips and electricity, the note said. In a more extreme scenario where Big Tech pulls back spending to 2022 levels, the entire S&P 500 would lose 30 percent of the revenue growth Wall Street currently expects next year, the analysts wrote.
The AI bubble is 17 times the size of the dot-com frenzy — and four times the subprime bubble, according to estimates in a recent note from independent research firm the MacroStrategy Partnership (as reported by MarketWatch).

And "never before has so much money been spent so rapidly on a technology that, for all its potential, remains somewhat unproven as a profit-making business model," writes Bloomberg, adding that OpenAI and other large tech companies are "relying increasingly on debt to support their unprecedented spending." (Although Bloomberg also notes that ChatGPT alone has roughly 700 million weekly users, and that last month Anthropic reported roughly three quarters of companies are using Claude to automate work.)

President Trump is set to sign an executive order opening up 401(k) retirements plans to alternative assets, like private equity, real estate, and cryptocurrency. The move has the potential to unlock trillions in new investment for asset managers outside of stocks, bonds, and cash, "though critics say it also could bring too much risk into retirement investments," reports Reuters. From the report: "The order directs the Securities and Exchange Commission to facilitate access to alternative assets for participant-directed defined-contribution retirement savings plans by revising applicable regulations and guidance," the White House official said on condition of anonymity. The order directs the Labor Secretary to consult with her counterparts at the Treasury Department, the SEC, and other federal "regulators to determine whether parallel regulatory changes should be made at those agencies," the official said. [...]

The new investment options carry lower disclosure requirements and are generally less easy to sell quickly for cash than the publicly traded stocks and bonds that most retirement funds rely on. Investing in them also tends to carry higher fees. In defined contribution plans, employees make contributions to their own retirement account, frequently with a matching contribution from their employer. The invested funds belong to the employee, but unlike a defined benefit pension plan, there is no guaranteed regular payout upon retirement.

Many private equity firms are hungry for the new source of cash that retail investors could offer after three years in which high interest rates shook their time-honored model of buying companies and selling them at a profit. Whatever results may come from Trump's order, it likely will not happen overnight, private equity executives say. Plaintiffs' lawyers are already preparing for lawsuits that could be filed by investors who do not understand the complexity of the new forms of investments.

After filing for bankruptcy, Norwegian smart home company Futurehome abruptly transitioned its Smarthub II and other devices to a subscription-only model, disabling essential features unless users pay an annual fee. Needless to say, customers aren't too happy with the move as they bought the hardware expecting lifetime functionality and now find their smart homes significantly less smart. Ars Technica reports: Launched in 2016, Futurehome's Smarthub is marketed as a central hub for controlling Internet-connected devices in smart homes. For years, the Norwegian company sold its products, which also include smart thermostats, smart lighting, and smart fire and carbon monoxide alarms, for a one-time fee that included access to its companion app and cloud platform for control and automation. As of June 26, though, those core features require a 1,188 NOK (about $116.56) annual subscription fee, turning the smart home devices into dumb ones if users don't pay up.

"You lose access to controlling devices, configuring; automations, modes, shortcuts, and energy services," a company FAQ page says. You also can't get support from Futurehome without a subscription. "Most" paid features are inaccessible without a subscription, too, the FAQ from Futurehome, which claims to be in 38,000 households, says. After June 26, customers had four weeks to continue using their devices as normal without a subscription. That grace period recently ended, and users now need a subscription for their smart devices to work properly.

Some users are understandably disheartened about suddenly having to pay a monthly fee to use devices they already purchased. More advanced users have also expressed frustration with Futurehome potentially killing its devices' ability to work by connecting to a local device instead of the cloud. In its FAQ, Futurehome says it "cannot guarantee that there will not be changes in the future" around local API access. Futurehome claims that introducing the subscription fee was a necessary move due to its recent bankruptcy. Its FAQ page reads: "Futurehome AS was declared bankrupt on 20 May 2025. The platform and related services were purchased from the bankruptcy estate -- 50 percent by former Futurehome owners and 50 percent by Sikom Connect -- and are now operated by FHSD Connect AS. To secure stable operation, fund product development, and provide high-quality support, we are introducing a new subscription model."

The company says the subscription fee would allow it to provide customers "better functionality, more security, and higher value in the solution you have already invested in."

The Ansel Adams estate said it was "officially on our last nerve" after Adobe was caught selling AI-generated images imitating the late photographer's work. The Verge reports: While Adobe permits AI-generated images to be hosted and sold on its stock image platform, users are required to hold the appropriate rights or ownership over the content they upload. Adobe Stock's Contributor Terms specifically prohibits content "created using prompts containing other artist names, or created using prompts otherwise intended to copy another artist." Adobe responded to the callout, saying it had removed the offending content and had privately messaged the Adams estate to get in touch directly in the future. The Adams estate, however, said it had contacted Adobe directly multiple times since August 2023.

"Assuming you want to be taken seriously re: your purported commitment to ethical, responsible AI, while demonstrating respect for the creative community, we invite you to become proactive about complaints like ours, & to stop putting the onus on individual artists/artists' estates to continuously police our IP on your platform, on your terms," said the Adams estate on Threads. "It's past time to stop wasting resources that don't belong to you."

Adobe Stock Vice President Matthew Smith previously told The Verge that the company generally moderates all "crowdsourced" Adobe Stock assets before they are made available to customers, employing a "variety" of methods that include "an experienced team of moderators who review submissions." As of January 2024, Smith said the strongest action the company can take to enforce its platform rules is to block Adobe Stock users who violate them. Bassil Elkadi, Adobe's Director of Communications and Public Relations, told The Verge that Adobe is "actively in touch with Ansel Adams on this matter," and that "appropriate steps were taken given the user violated Stock terms." The Adams estate has since thanked Adobe for removing the images, and said that it expects "it will stick this time." "We don't have a problem with anyone taking inspiration from Ansel's photography," said the Adams estate. "But we strenuously object to the unauthorized use of his name to sell products of any kind, including digital products, and this includes AI-generated output -- regardless of whether his name has been used on the input side, or whether a given model has been trained on his work."

For decades, U.S. inventors sent in models with their patent applications -- gizmos that reveal a secret history of unmet needs and relentless innovation. The New Yorker: The ruins of American invention have been recently resurrected in a former textile mill in Wilmington, Delaware. The Henry Clay Mill, now better known as Hagley Museum and Library Visitor Center, is perched on the banks of Brandywine Creek, at the southern edge of a sprawling estate once owned by the du Pont family; just upstream lies the oldest of the dynasty's several stately homes in the region, as well as the remains of the gunpowder works upon which its fortune was built. One morning, Chris Cascio, a curator, welcomed me into the mill, where the space once occupied by cotton-picking and carding machines now houses a curious exhibit: the scavenged remainders of a much larger, long-lost museum.

From 1790 to 1880, Cascio explained, the U.S. Patent Office first encouraged and then required an inventor to submit a model along with each application. These models -- thousands of miniature devices, often exquisitely detailed -- were then exhibited in Washington, D.C., in the office's model gallery. Sometimes called the "Temple of Invention," the gallery was a bustling landmark: it regularly attracted up to ten thousand visitors a month and was ranked as "the greatest permanent attraction in the city," according to one newspaper. But by the late nineteenth century it had effectively shut its doors. Hagley's latest exhibit, "Nation of Inventors," is the largest permanent public display of patent models since that time.

[...] The U.S. system was also unique in that no other country required a model to accompany a patent application. The reasons why soon became clear. As early as the eighteen-thirties, the collection had outgrown the Patent Office's cramped headquarters at the former Blodgett's Hotel. In 1836, a fire destroyed at least seven thousand models, but, rather than abandon the requirement, the Patent Office doubled down, securing congressional funding to reconstruct the models and laying the foundations for a truly monumental building, with a facade modelled after the Parthenon. The structure, which now houses the Smithsonian's American Art Museum and the National Portrait Gallery, occupies an entire city block. In the engineer Pierre L'Enfant's master plan for the capital, it was intended to serve as a kind of nondenominational "church of the republic," between the White House on one side and the Capitol on the other.

One year after Silicon Valley Bank's collapse and seizure, "Regional bank stocks remain volatile compared to other types of financial institutions," reports the Observer, "indicating investors' lingering worries about the sector."

But not everyone suffered: Benefiting from the crisis were big players, like JPMorgan Chase. After acquiring First Republic's $212.6 billion in loans and $92.4 billion in deposits for just over $10 billion in May 2023, JPMorgan saw a 67 percent year-over-year growth in profits that quarter. Overall, larger commercial banks saw inflows as customers sought safer institutions to hold their money.
And what happened to Silicon Valley Bank? Axios reports: Today, SVB says it's still the same bank customers loved, but with better risk management and some other tweaks, like smaller deposit requirements for startup borrowers, president Marc Cadieux told Axios last month. 81% of SVB's clients from a year ago are still banking with SVB, according to Cadieux, with "thousands of them" returning after initially switching out...

"I think there was an inference that this was a regional bank crisis, but it really wasn't — those were niche banks," Citizens CEO Bruce Van Saun tells Axios. "The failure was is in governance and the business model."
Citizens is America's 14th largest bank, and as its CEO, Van Saun was asked by CNN what caused 2023's failures at other banks: CEO Van Saun: Both of those banks [Signature Bank and Silicon Valley Bank] went from $50 billion in assets to over $200 billion in four years. They grew too fast, took in a high percentage of uninsured deposits, had very concentrated, narrow customer bases so they were susceptible to [deposit] flight risk. They also borrowed short and invested long, which is a cardinal sin of banking. They didn't manage their interest rate risk well because they didn't have the muscle that you would have if you grew slowly over the years and were heavily regulated like bigger banks like ourselves.

CNN: Who deserves more blame: failed banks' management teams for not ensuring proper guardrails were in place or financial supervisors whose jobs are to identify red flags?

Van Saun: It's a joint failure...

CNN: [W]hat about commercial real estate? The number of people working in offices is much, much lower than it was pre-pandemic. Are you bracing for another chapter of banking stress? What is Citizens doing to cushion against potential high losses in the sector given close to one-fifth of your loans are there?

Van Saun: You have to look under the covers. The nature of our portfolio matters.

Within commercial real estate, industrial, warehouse and distribution space is fine. Multi-family homes are generally fine. When it comes to offices, we have certain pockets of life science businesses like lab research facilities that are super safe because they never had to close during Covid. [Loans to general office buildings are riskier though, he said.] We go through all of that and we say we'll lose some money here, but we're not going to lose our shirt and we've put up big reserves against them. We're working on a loan-by-loan basis with our most senior people. I think it's a well-managed process.

An opinion piece in the Los Angeles Times imagines a world after "the largest coordinated deepfake attack in history... a steady flow of new deepfakes, mostly manufactured in Russia, North Korea, China and Iran." The breakthrough actually came in early 2026 from a working group of digital journalists from U.S. and international news organizations. Their goal was to find a way to keep deepfakes out of news reports... Journalism organizations formed the FAC Alliance — "Fact Authenticated Content" — based on a simple insight: There was already far too much AI fakery loose in the world to try to enforce a watermarking system for dis- and misinformation. And even the strictest labeling rules would simply be ignored by bad actors. But it would be possible to watermark pieces of content that deepfakes.

And so was born the voluntary FACStamp on May 1, 2026...

The newest phones, tablets, cameras, recorders and desktop computers all include software that automatically inserts the FACStamp code into every piece of visual or audio content as it's captured, before any AI modification can be applied. This proves that the image, sound or video was not generated by AI. You can also download the FAC app, which does the same for older equipment... [T]o retain the FACStamp, your computer must be connected to the non-profit FAC Verification Center. The center's computers detect if the editing is minor — such as cropping or even cosmetic face-tuning — and the stamp remains. Any larger manipulation, from swapping faces to faking backgrounds, and the FACStamp vanishes.

It turned out that plenty of people could use the FACStamp. Internet retailers embraced FACStamps for videos and images of their products. Individuals soon followed, using FACStamps to sell goods online — when potential buyers are judging a used pickup truck or secondhand sofa, it's reassuring to know that the image wasn't spun out or scrubbed up by AI.
The article envisions the world of 2028, with the authentication stamp appearing on everything from social media posts to dating app profiles: Even the AI industry supports the use of FACStamps. During training runs on the internet, if an AI program absorbs excessive amounts of AI-generated rather than authentic data, it may undergo "model collapse" and become wildly inaccurate. So the FACStamp helps AI companies train their models solely on reality. A bipartisan group of senators and House members plans to introduce the Right to Reality Act when the next Congress opens in January 2029. It will mandate the use of FACStamps in multiple sectors, including local government, shopping sites and investment and real estate offerings. Counterfeiting a FACStamp would become a criminal offense. Polling indicates widespread public support for the act, and the FAC Alliance has already begun a branding campaign.
But all this leaves Slashdot reader Bruce66423 with a question. "Is it really technically possible to achieve such a clear distinction, or would, in practice, AI be able to replicate the necessary authentication?"

"Dropbox said Friday that it's agreed to return over one quarter of its San Francisco headquarters to the landlord," reports CNBC, "as the commercial real estate market continues to soften following the Covid pandemic."

The article notes that last year Dropbox's accountants declared a $175.2 million "impairment" on the office — a permanent reduction in its value — calling it "a result of adverse changes" in the market. And the year before they announced another $400 million charge "related to real estate assets."

Friday CNBC reported: In a filing, Dropbox said it agreed to surrender to its landlord 165,244 square feet of space and pay $79 million in termination fees. Under the amendment to its lease agreement, Dropbox will offload the space over time through the first quarter of 2025. Since going remote during the pandemic three years ago, Dropbox has been trying to figure out what to do with much of the 736,000 square feet of space in Mission Bay it leased in 2017, in what was the largest office lease in the city's history. The company subleased closed to 134,000 square feet of space last year to Vir Biotechnology, leaving it with just over 604,000 square feet...

"As we've noted in the past, we've taken steps to de-cost our real estate portfolio as a result of our transition to Virtual First, our operating model in which remote work is the primary experience for our employees, but where we still come together for planned in-person gatherings," a company spokesperson told CNBC in an emailed statement... Dropbox's 2017 lease for the brand new headquarters was for 15 years... "As a result of the amendment the company will avoid future cash payments related to rent and common area maintenance fees of $137 million and approximately $90 million, respectively, over the remaining 10 year lease term," Dropbox said in Friday's filing.

A short walk away from Dropbox, Uber has been trying to sublease part of its headquarters.
The article also notes that San Francisco's office vacancy rate "stood at 30% in the third quarter, the highest level since at least 2007, according to city data."

More than a quarter of Google's full-time workforce is in its cloud unit, reports CNBC. And now Google is asking cloud employees and partners "to share their desks and alternate days with their desk mates starting next quarter, citing 'real estate efficiency.'" The new desk-sharing model will apply to Google Cloud's five largest U.S. locations — Kirkland, Washington; New York City; San Francisco; Seattle; and Sunnyvale, California — and is happening so the company "can continue to invest in Cloud's growth," according to an internal FAQ recently shared with cloud employees and viewed by CNBC. Some buildings will be vacated as a result, the document noted.

"Most Googlers will now share a desk with one other Googler," the internal document stated, noting they expect employees to come in on alternate days so they're not at the same desk on the same day. "Through the matching process, they will agree on a basic desk setup and establish norms with their desk partner and teams to ensure a positive experience in the new shared environment." The FAQ says employees may come in on other days, but if they're in on an unassigned day, they will use "overflow drop-in space."

Internally, leadership has given the new seating arrangement a title: "Cloud Office Evolution" or "CLOE," which it describes as "combining the best of pre-pandemic collaboration with the flexibility" of hybrid work. The new workspace plan is not a temporary pilot, the document noted. "This will ultimately lead to more efficient use of our space," it said.
A Google spokesperson said they'd conducted pilot programs and surveys "to explore different hybrid work models," CNBC reports, with the results showing employees "value guaranteed in-person collaboration when they are in the office, as well as the option to work from home a few days each week." So they've devised their new system to combine "the best of pre-pandemic collaboration with the flexibility and focus we've all come to appreciate from remote work, while also allowing us to use our spaces more efficiently."

The article points out that Google Cloud is currently not profitable, and "is still losing hundreds of millions of dollars every quarter — $480 million in the fourth quarter, although that was nearly half of the loss a year prior."

An internal FAQ warns that affected employees are now expected to have "conversations about how they will or will not decorate the space, store personal items, and tidiness expectations."

Thanks to Slashdot reader RUs1729 for sharing the story.

Jody Serrano writes via Gizmodo: In a 1,669-word email to employees, [PagerDuty CEO Jennifer Tejada] echoed the script many tech CEOs have recited in recent months, stating that today's "volatile economy requires additional transformation" by the company. As a result, PagerDuty would be "refining" its operating model by cutting about 7% of its staff globally. That wasn't the only "refinement" the company would undertake, though. According to Tejada, PagerDuty will reduce its discretionary spend, negotiate "more favorable commercial agreements with key vendors," and "rationalize [its] real estate footprint." Up to this point, Tejada's email, while overly complex, weird, and tone deaf, still was not that bad. She goes on to acknowledge employees and their contributions to PagerDuty and announces a decent severance pay of 11 weeks, with extended healthcare coverage and job support.

Nonetheless, it all starts to go downhill when she decides to use the same email where she announces layoffs to celebrate recent employee promotions, reveal good financial results for the fourth quarter of last year, and state that the company expects to end the year strong. As if she couldn't do so in another email where people weren't told they were possibly losing their jobs. "We expect to finish the year strong -- in fact, we have reaffirmed our guidance for FY23 today -- and those results, combined with the refinements outlined above, put PagerDuty in a position of strength to successfully execute on our platform strategy regardless of what the market and the macroenvironment bring," Tejada said.

While it's clearly a CEO's job to cheer on their company, Tejada makes things sound so good that it's perplexing to think the company has to lay off any people to begin with. Alas, the PagerDuty CEO was not done sticking her foot in her mouth and ended her note with a reference a quote from King's sermons published in The Measure of a Man in 1959. She used brackets to change the quote slightly to accommodate her message. "I am reminded in moments like this, of something Martin Luther King said, that 'the ultimate measure of a [leader] is not where [they] stand in the moments of comfort and convenience, but where [they] stand in times of challenge and controversy,'" Tejada said. "It doesn't seem to have been written with ill intent, but rather with the goal to save time (by announcing layoffs, promotions, and predictions for a solid year) and save face (by refusing to say the word layoffs)," adds Serrano. "In these difficult situations, though, it's just better to be upfront."

The tech giant had already remade the virtual world. For a brief period, it also tried to make it easier for people in the Bay Area to get to work. Then it gave up. From a report: In the early summer of 2017, Warren Slocum walked into a warehouse in Menlo Park, Calif., to meet with members of Facebook's staff and was mesmerized. Sitting before him was a 3-D model of the neighborhoods surrounding Facebook's headquarters. On a nearby white board, one of Facebook's real estate strategists had mapped out what had to be one of the company's most unusual bets yet: a plan for restoring a century-old railroad that's been sitting unused for about 40 years. Since he became president of the San Mateo County Board of Supervisors in 2016, Mr. Slocum had been publicly advocating the rebirth of the Dumbarton Rail Corridor.

This largely deserted 18-mile route runs from Union City on the east side of San Francisco Bay and crosses over the long-abandoned Dumbarton Rail Bridge before cutting straight up the back side of Facebook's sprawling Frank Gehry-designed office complex in Menlo Park and continuing up the San Francisco Peninsula to Redwood City. The tech industry's enormous growth had clogged the roads around this route, with rush hour speeds on some major arteries creeping along at an average of 4 miles per hour in 2016. [...] Traffic to Silicon Valley from other parts of the Bay Area had long been a mess, of course, but what was new was Facebook's apparent interest in fixing it. The company's leaders thought revitalizing the rail line could be a "win-win," said Juan Salazar, Meta's current director of local policy and community engagement, who also met with Mr. Slocum that day.

Over the next three years, according to Mr. Salazar, Facebook spent nearly $20 million on plans to revive the rail corridor, hiring staff with experience in rail projects and contracting with a fleet of consultants to study the feasibility of things like electrified commuter rail and autonomous vehicle pods that looked like something out of Disneyworld. If all went according to plan, one January 2020 estimate projected, parts of the rail line would be operating by 2028. Then came the coronavirus pandemic. Facebook's employees went home. Traffic died out, and the future of offices themselves became uncertain. Before long, Facebook abandoned its plans for the railroad. Interviews with more than a dozen people who worked on the project both inside and outside Facebook, as well as hundreds of pages of public records, suggest that the project was coming undone long before Covid-19 hit, buckling under a combination of political dysfunction in the region and Facebook's own waning patience.

Slashdot reader DevNull127 writes: Google marked what would've been Stephen Hawking's 80th birthday with a very special Doodle — an animated video in which the voice of Stephen Hawking speaks again, generated and used with the approval of the Hawking estate.

"My expectations were reduced to zero at 21. Everything since then has been a bonus," Hawking says in the video. "Although I cannot move and I have to speak through a computer, in my mind I am free. I have spent my life travelling across the universe, inside my mind."

In the video tribute, Stephen Hawking passes near a black hole on a model timeline of the universe. "We are very very small," he says. "But we are profoundly capable of very very big things.

"There should be no boundaries to human endeavor. However bad life may seem. While there is life, there is hope. Be brave, be curious, be determined, overcome the odds. It can be done."
"From colliding black holes to the Big Bang, his theories on the origins and mechanics of the universe revolutionized modern physics," explains the Google Doodles page, "while his best-selling books made the field widely accessible to millions of readers worldwide."

And Google's Arts and Culture blog shares a longer look at Stephen Hawking's life, including a 1979 photo of young Hawking at the Department of Applied Mathematics and Theoretical Physics at Cambridge University. "Because of Stephen Hawking's work, the radiation emitted by black holes is now called Hawking Radiation," the biography says at one point, also remembering Hawking's best-selling book A Brief History of Time: From the Big Bang to Black Holes.

But they also share some more personal memories: In 1990, with lifelong friend, the physicist Kip Thorne, Stephen approached the controversial notion of whether time travel is allowed by the laws of physics. To explore this hypothesis Stephen planned a party for time travellers. He wrote invitations, set a date, time and venue and provided precise GPS coordinates.

Stephen did not send out the invitations until after the party date was over. That way, only those who could genuinely travel back in time would know of it and be able to attend.

On the due day Stephen sat politely and waited. But no-one came. And that was the point. "I have experimental evidence that time travel is not possible", he said afterwards. And the champagne went back on ice....
The biography closes with this quote from Stephen Hawking. "Remember to look up at the stars, and not down at your feet. Try to make sense of what you see and wonder about what makes the universe.

"Be curious, and however difficult life may seem there is always something you can do and succeed at; it matters that you don't just give up."

Instant-delivery startups promising to ferry groceries to customers in 15 minutes or less have rushed to expand in major cities like New York and Chicago in the past year. But they're burning far more cash in the U.S. than in other countries where they operate, causing several of them to test major changes to their business model -- including longer delivery windows that could allow the startups to pack in more orders per trip. The Information: One example is Jokr, last valued at $1.2 billion on paper, which told investors in the fall it would experiment with slower delivery times and a subscription service to reduce its heavy losses, according to a person with direct knowledge of the matter. In the month of August, the one-year-old startup was losing $159 per order in the U.S., according to internal data sent to investors in the fall, viewed by The Information. Buyk, a smaller instant-delivery startup, may also introduce longer delivery windows, its CEO said in an interview. And Fridge No More, an instant-delivery firm founded in 2020, plans to introduce a new private-label offering for items like olive oil and milk and to sell prepared foods such as pizza to similarly boost margins, according to a fundraising document seen by The Information. The pressure to change strategy so soon after launching illustrates the challenge of operating an instant-delivery business in the U.S., where intense competition from other rapid-commerce startups and more-established delivery firms like Instacart make it more expensive to attract customers. Labor and real estate costs are also much higher in the U.S than in developing markets like Brazil or Turkey, where some startups first set up their rapid-delivery operations.

A Canadian startup called Listing AI is using AI to quickly churn out computer-generated descriptions of real estate. All users need to do is give it some details about the home, and the AI does the rest. CNN reports: "L O V E L Y Oakland!" the house description began. It went on to give a slew of details about the 1,484 square-foot home -- light-filled, charming, Mediterranean-style, with a yard that "boasts lush front landscaping" -- and finished by describing the "cozy fireplace" and "rustic-chic" pressed tin ceiling in the living room. The results still need work: The real-life Oakland, California, home that fits with the above description (which my family is currently selling) actually has a pressed tin ceiling in the dining room, rather than the living room, for instance. The descriptions Listing AI created for me are not nearly as specific or well-written as the one crafted by our (human) realtor. And I had to provide the website with a lot of information about different rooms and features of the house and the outdoor landscaping -- a process that felt a bit like real-estate Mad Libs -- before the website was able to come up with several different descriptions.

But the general coherence of the descriptions that Listing AI proposed within seconds of my submission provides yet another sign that AI is getting better at a task that was traditionally seen as uniquely human -- and shows how people may be able to work with the technology, rather than fearing it may replace us. It probably won't do all the work of writing a house description for you, but according to Listing AI co-founder Mustafa Al-Hayali, that's not the point. He hopes it will complete about 80% to 90% of the work for coming up with a home description, which may be completed by a realtor or a copy writer. "I don't believe it's meant to replace a person when it comes to completing a task, but it's supposed to make their job a whole lot easier," Al-Hayali told CNN Business. "It can generate ideas you can use." The information used in the app is processed by GPT-3, an AI model from nonprofit research company OpenAI. According to MIT Technology Review, GPT-3 could herald a new type of search engine.

"Banking giant HSBC has confirmed that top managers in its Canary Wharf HQ have lost their offices and will have to hot-desk on an open-plan floor," reports the BBC, noting it comes as the bank "pursues plans to shrink its office space by 40% in a post-pandemic shake-up." Boss Noel Quinn said the whole bank was embracing "hybrid working" and he would no longer come in five days a week. "My leadership team and I have moved to a fully open-plan floor with no designated desks," he said on Linkedin.

Up to now, senior managers have been based on the 42nd floor of the building in east London in their own private offices. But in future, they will be jostling for workspaces two floors down, while their old offices have been transformed into client meeting rooms and other communal spaces. Mr Quinn told the FT that the old arrangement had been "a waste of real estate", adding: "Our offices were empty half the time because we were travelling around the world..."

He added that most staff at the bank would be able to work part-time from home in future. "A minority of roles can be done wholly remotely. We estimate, though, that most of our roles could be done in a hybrid way — and that includes myself and the executive team of the bank..."

Other firms in the sector have announced plans to embrace hybrid working as employees signal their desire to commute less. One big UK employer, the Nationwide building society, has indicated that it does not intend to force people to return to the office if they have been successfully able to work from home during the pandemic. It said about two-thirds of its 18,000 employees had been working from home for the past year.
Forbes has more context: [HSBC's] Quinn wrote in a LinkedIn post, "Having spent more than a year working from home, the last thing I want is to be stuck in an individual office when I return to the building." The chief executive said, "I want to have people around me, to reconnect with colleagues and friends and to be able to speak to them informally..."

Having a prime location in a prestigious city is highly expensive and a drag on earnings. If the costs of office space could be dramatically slashed, the banks would see significantly more free cash flow. The other driver is the acknowledgement that many people want to work part or full-time remotely for a variety of reasons. The last year served as a test case, which showed that it's possible to conduct business with a large segment of the workforce being remote...

HSBC is not alone in shedding properties in Europe. Lloyds Bank is also moving toward a hybrid model. This entails a 20% cut in office space over the next two years. The move was made after about 77% of Lloyds' 68,000 employees said they wanted to work from home for three or more days a week.

"California is exempting about two-dozen more professions from a landmark labor law designed to treat more people like employees instead of contractors, under a bill that Gov. Gavin Newsom signed on Friday," reports the San Diego Union-Tribune: The amendments, which take effect immediately, end what lawmakers said were unworkable limits on services provided by freelance writers and still photographers, photojournalists, and freelance editors and newspaper cartoonists. It includes safeguards to make sure they are not replacing current employees. The new measure also exempts various artists and musicians, along with some involved in the insurance and real estate industries.
Vox Media had already cited the earlier version of California's AB-5 law as the reason it fired hundreds of freelance writers in December.

But the state's fight against gig-worker companies is still ongoing, reports CNN Wire: According to William B. Gould IV, a law professor at Stanford University, it "certainly makes a lot of sense for the Attorney General to put a lot of their marbles in the Uber basket. You're dealing with a company that has thumbed its nose at the rule of law for some time now and thinks there's no restriction that they can't evade," added Gould IV, a former chairman of the National Labor Relations Board. Jenny Montoya Tansey, policy director at the Public Rights Project, a public interest legal nonprofit that has been involved with enforcement efforts in California, said another factor is that "drivers have organized in numbers and are doing a really compelling job in getting their stories out, letting regulators, enforcers and policy makers understand some of the experiences that drivers go through."
And Tansey adds that the law's enforcers are also eyeing food delivery services: Prior to AB-5, San Diego City Attorney Mara Elliott filed a suit against Instacart, the on-demand grocery delivery startup valued at $14 billion, over worker classification; the case is on-going. More recently, in June, San Francisco District Attorney Chesa Boudin filed a suit against DoorDash, the food delivery startup valued at $16 billion. "Food delivery is in demand now more than ever. Multi-billion dollar corporations that deliver food are profiting off this crisis while they exploit their drivers and deny them a living wage, unemployment insurance, sick leave and other basic workplace protections," said Assemblywoman Gonzalez of San Diego in a statement to CNN Business, adding praise to Elliott and Boudin's actions. "I hope other officials follow their lead. These companies need to be held to the same standards as any other law-abiding business in the state," Gonzalez added....

The threat to the combined on-demand business model is evident. Uber, Lyft, Instacart, DoorDash and Uber-owned Postmates have funneled more than $110 million into passing a referendum in November, known as Prop 22, that would exempt them from the law while providing drivers with some additional benefits.

Additionally, Uber and Lyft are facing lawsuits from California's Labor Commissioner's Office over allegedly committing wage theft by misclassifying their on-demand workers as independent contractors instead of employees.

Strudelkugel shares an op-ed: What was We thinking? That's the only question worth asking now about the clowncar start-up known as The We Company, the money-burning, co-working behemoth whose best-known brand is WeWork. What's a WeWork? What WeWork works on is work. The We Company takes out long-term leases on in-demand office buildings in more than 100 cities across the globe (lately, it's even been buying its own buildings). [...] I've been hung up on how all this happened: How did so many people put so much money into something so many were warning would end up so badly? What was We thinking? And then it hit me: We wasn't thinking. WeWork? Not really. WeCan't! We'reTooDistracted! Much will be written in the coming weeks about how WeWork failed investors and employees. But I want to spotlight another constituency. WeWork's fundamental business idea -- to cram as many people as possible into swank, high-dollar office space, and then shower them with snacks and foosball-type perks so they overlook the distraction-carnival of their desks -- fails office workers, too.

The model fails you even if you don't work at a WeWork, because WeWork's underlying idea has been an inspiration for a range of workplaces, possibly even your own. As urban rents crept up and the economy reached full employment over the last decade, American offices got more and more stuffed. On average, workers now get about 194 square feet of office space per person, down about 8 percent since 2009, according to a report by the real estate firm Cushman & Wakefield. WeWork has been accelerating the trend. At its newest offices, the company can more than double the density of most other offices, giving each worker less than 50 square feet of space. As a socially anxious introvert with a lot of bespoke workplace rituals, I used to think I was simply a weirdo for finding modern offices insufferable. I've been working from my cozy home office for more than a decade, and now, when I go to the Times' headquarters in New York -- where, for financial reasons, desks were recently converted from cubicles into open office benches -- I cannot for the life of me get anything done. But after chatting with colleagues, I realized it's not just me, and not just the Times: Modern offices aren't designed for deep work.

Trailrunner7 writes: Like real estate, we're not making any more IPv4 addresses. But instead of trying to colonize Mars or build cities under the sea, the Internet's architects developed a separate address scheme with an unfathomably large pool of addresses. IPv6 has an address space of 2^128, compared to IPv4's 2^32, and as the exhaustion of the IPv4 address space began to approach, registries started allocating IPv6 addresses and there now are billions of those addresses active at any given time. But no one really knows how many or where they are or what's behind them or how they're organized.

A pair of researchers decided to tackle the problem and developed a suite of tools that can find active IPv6 addresses both in the global address space and in smaller, targeted networks. Known as ipv666, the open source tool set can scan for live IPv6 hosts using a statistical model that the researchers built. The researchers, Chris Grayson and Marc Newlin, faced a number of challenges as they went about developing the ipv666 tools, including getting a large IPv6 address list, which they accumulated from several publicly available data sets. They then began the painful process of building the statistical model to predict other IPv6 addresses based on their existing list.

That may seem weird, but IPv6 addresses are nothing at all like their older cousins and come in a bizarre format that doesn't lend itself to simple analysis or prediction. Grayson and Newlin wanted to find as many live addresses as possible and ultimately try to figure out what the security differences are between devices on IPv4 and those on IPv6.

People are still eating restaurant food -- they're just not doing it at restaurants as much. From a report: Delivery apps from DoorDash, Postmates, GrubHub and UberEats have made ordering in easier, and have changed the way food chains think about their business. The number of food delivery app downloads is up 380 percent compared with three years ago, according to market-data firm App Annie, and research firm Cowen and Co. predicts that U.S. restaurant delivery sales will rise an average of 12 percent a year to $76 billion in the next four years. At Firehouse, revenue has increased 7 percent this year, mainly from orders placed online and through delivery apps, Fox said. More than half of his sales are for food eaten elsewhere.

[...] Some new restaurant owners are skipping tables and chairs altogether and just leasing kitchen space to prepare food for couriers. Those are called cloud kitchens or virtual restaurants because they have no dining rooms or wait staff and sell their meals through the internet and mobile apps like DoorDash or UberEats. Mark Chase, the founder of Restaurant Real Estate Advisors, a consulting group that helps restaurant entrepreneurs find space and negotiate leases, said that the majority of his clients are interested in the kitchen-only business model. "There is a general scaling down on seating space and scaling up on kitchen space, as people just want to eat at home, on the couch," Chase said.