175 million people in Brazil now use its instant-payment system "Pix", developed by the country's central bank for real-time payments using QR codes or keys, and American Banker notes that the central banks of Argentina and Costa Rica also have developed their own widely used digital systems for instant payments. Latin America has been able to build up sleek and effective payment systems in record time because it is not held back by legacy payment technology that isn't built for instant money movement. In the likes of the U.K., U.S. and Europe, payment systems are built on infrastructure that is often decades old. The process of building new systems is therefore incredibly operationally complex. Money must continue moving, so these systems can't just be "switched off."

Emerging markets, such as those in Latin America, did not have to contend with legacy technology on the same scale. Many of these communities were cash dominant until recently, due to the high fees associated with card usage and the lack of banking infrastructure in rural regions. However, while many people didn't have a local bank on their corner, they did have mobile phones... Through these digital channels, money moves instantly, via account-to-account transfers, QR codes and mobile wallets... Beyond this, real-time and traceable digital payments generate valuable cash-flow data that can transform credit underwriting for small and medium-size businesses, or SMEs. Historically, many SMEs in emerging and cash-reliant markets have struggled to access credit due to a lack of documented transaction histories, audited accounts or formal credit records...

Mexico is now poised to be the next success story. In Mexico, a third of people are unbanked, but 96% of the population owns a mobile phone. This creates the perfect launchpad for a digital-first payment system that can reach those historically excluded from traditional banking systems.
In fact, something already changed in 2025. Bloomberg reports that for the first time, digital payment transfers in the U.S.-to-Mexico remittance corridor exceeded cash transfers (with physical pickup locations like Western Union), according to Mexico's central bank. It's part of a Latin American market "worth more than $160 billion a year, roughly $62 billion of which goes to Mexico."

And Mexico's digitalization efforts will continue, according to the country's president, who said at a March banking conference that digital payments will now be encouraged for gasoline and tolls.

A man crossing the street one San Francisco night spotted a self-driving car — and decided to confront its passenger, 37-year-old tech worker Doug Fulop. The New York Times reports the man yelled that "he wanted to kill Fulop and the other two passengers for giving money to a robot." A taxi driver would have simply driven away. But Fulop's vehicle had no driver — it was a self-driving Waymo... Self-driving cars are designed to stop moving if a person is nearby. People can take advantage of that function to harass and threaten their passengers.... It was unsettling to be trapped inside a Waymo during an attack, Fulop said. "If he had kept hammering on one window instead of alternating, I'm sure he would have eventually broken through," he said. The attacker did not appear to be on drugs or otherwise impaired, but seemed to be overtaken by extreme anger at the self-driving car, Fulop said.

It did not seem safe to get out and run, he added, since the man was trying to open the locked doors and said he wanted to kill the passengers. They called 911 and Waymo's support line, Fulop said. Waymo told them that it would not manually direct the car away if someone was standing nearby, and that the passengers would be OK with the doors locked. The car's software does not allow riders to jump into the driver's seat and take over during an incident. The attack lasted around six minutes. By then, bystanders had begun cheering on the man, Fulop said. That distracted the man, who moved far enough away from the car that it could finally drive away...

Fulop said he had stopped using Waymo for a time after the January attack and would avoid the service at night unless the company changed its policy of not intervening when a hostile person threatened riders. "As passengers, we deserve more safety than that if someone is trying to attack us," he said. "This can't be the policy to be trapped there."
The article remembers other incidents — including a 2024 video showing three women screaming as their autonomous taxi is spray-painted by vandals. And technology author/speaker Anders Sorman-Nilsson says in Los Angeles five men on e-bikes surrounded his Waymo and forced it to stop. The author felt safe inside the vehicle, according to the times, which adds "He felt reassured knowing that Waymo's many exterior cameras were recording the men. After around five minutes, he said, they gave up and rode away."

"Billionaire Elon Musk has announced plans to build a $20 billion chip plant in Austin, Texas" reports a local news station: Musk announced on Saturday night during a livestream on his social media platform X that the plant, called "Terafab," will be built near Tesla's campus and gigafactory in eastern Travis County. The long-anticipated project is a joint venture between Musk-owned properties Tesla, SpaceX and xAI... The Terafab plant is expected to begin production in 2027.
Musk "has said the semiconductor industry is moving too slow to keep up with the supply of chips he expects to need," writes Bloomberg — quoting Musk as saying "We either build the Terafab or we don't have the chips, and we need the chips, so we build the Terafab." Musk detailed some specific plans, including producing chips that can support 100 to 200 gigawatts a year of computing power on Earth, and chips that can support a terawatt in space, but gave no timelines for the facility or its output... The facility is expected to make two types of chips, one of which will be optimized for edge and inference, primarily for his vehicle, robotaxi and Optimus humanoid robots. The other will be a high-power chip, designed for space that could be used by SpaceX and xAI... Musk said he expects xAI to use the vast majority of the chips.

During the presentation, Musk also unveiled a speculative rendering of a future "mini" AI data center satellite, one piece of a much larger satellite system that he wants SpaceX to build to do complex computing in space. In January, SpaceX requested a license from the Federal Communications Commission to launch one million data center satellites into orbit around Earth. Musk said that the mini satellite he revealed would have the capacity for 100 kilowatts of power. "We expect future satellites to probably go to the megawatt range," Musk said.

Raising money to build and launch AI data centers in space is one of the driving forces behind SpaceX's planned IPO later this year. SpaceX is expected to raise as much as $50 billion in a record-setting IPO this summer which could value it at more than $1.75 trillion, Bloomberg News reported earlier.

China's orbital outpost Tiangong was completed in 2022 and is hosting up to three astronauts at a time, reports CNN.

But meanwhile U.S. lawmakers are now signaling there's not time to develop and launch a replacement for the International Space Station — considered the signal most expensive object ever built — before its deorbiting in 2030. A recent Senate bill calls for the U.S. to continue funding it as late as 2032, but that bill still awaits approval from the U.S. Senate and the House.

But some private space companies are already building their alternatives: Private companies that are in the early design and mockup phase of developing these space stations are still waiting on NASA for guidance — and money... [NASA's "Requests for Proposals"] were delayed, in part because it took all of 2025 to cinch a confirmation for Trump's on-again-off-again pick for NASA administrator, Jared Isaacman [confirmed in December]... Similarly, 2025 saw a 45-day government shutdown, the longest in history — adding another hiccup in the space agency's plans to begin formally soliciting proposals from the private sector. Companies now expect that NASA will issue its Request for Proposals in late March or early April, one CEO told CNN...

Several commercial outfits have recently announced big funding influxes aimed at speeding up the development and launch of new orbiting outposts. Houston-based Axiom Space announced a $350 million funding round last month. Its California-based competitor Vast then notched a $500 million raise in early March. Vast is determined to launch a bare-bones station to orbit as soon as possible, with or without federal input, according to the company. "Our approach is to actually not wait for (NASA) and get going and build a minimum viable product, single-module space station called Haven-1, which we're launching into orbit next year," Vast CEO Max Haot told CNN in a phone interview earlier this month. Similarly, Axiom Space is working toward a 2028 launch date for a module that it plans to initially attach to the ISS before breaking off to orbit on its own. A spokesperson told CNN that it the company is "committed" to winning the NASA contract money and may continue pursing such goals even without contract awards.

Still, there's lingering doubt that any of the companies pursuing space stations will be able to stay afloat without securing a coveted NASA contract or at least cinching significant business from the public sector.
The article includes "Another complicating fact: Russia, the United States' primary partner on the ISS, has not pledged to keep operating its half of the space station past 2028." NASA will eventually evaluate proposals for an ISS alternative from Vast, Axiom Space, Jeff Bezos' Blue Origin, Max Space and several competitors including Voyager Technologies, CNN notes, ultimately handing out an estimated $1.5 billion in contracts between 2026 and 2031.

And while those companies may wait decades before a return on their investment, the article includes this quotes from the cofounder/general partner of Balerion Space Ventures, which led the fundraising for Vast. " What's obvious to us is you're going to have multiple vehicles with myriad companies go into space. You're going to have vehicles leaving from celestial bodies, like the moon. And we need a habitat."

NBC News investigates North Korea's "wide-ranging effort to place remote workers at U.S. companies in order to funnel money back to its coffers and, in some cases, steal sensitive information."

And working with the FBI, one corporate security/investigations company decided to knowingly hire one of North Korea's remote workers — then "ship him a laptop and gain as much information as possible" about this "sprawling international employment scheme that is estimated to include hundreds of American companies, thousands of people and hundreds of millions of dollars per year." It worked.... Over a roughly three-month investigation, Nisos uncovered an apparent network of at least 20 North Korean operatives including "Jo" who had collectively applied to at least 160,000 roles. During that time, workers in the network — which some evidence showed were based in China — were employed by five U.S.-based companies and allegedly helped by an American citizen operating out of two nondescript suburban homes in Florida...

Nisos estimated that in about a year, "Jo", who was likely a newer member of the team, applied to about 5,000 jobs... "They attended interviews all day every day, and then once they secured a job, they would collect paychecks until they were terminated," [according to Jared Hudson, Nisos' chief technology officer]... With the ability to see which other U.S. companies Jo and his team were working for — all remote technology roles — Nisos' CEO, Ryan LaSalle, began making calls to their security teams to alert them of the fraud. "Most of the companies weren't aware of it, even if they had pretty robust security teams," LaSalle said. "It wasn't really high on the radar."
NBC News describes North Korea's 10-year effort — and its educational pipeline that steers promising students into "computer science and hacking training before being placed into cyberunits under military and state agencies, according to a recent report by DTEX, a risk-adaptive security and behavioral intelligence firm that tracks North Korea's cybercrime." In one case, a North Korean worker stole sensitive information related to U.S. military technology, according to the Justice Department. In another, an American accomplice obtained an ID that enabled access to government facilities, networks and systems. At least three organizations have been extorted and suffered hundreds of thousands of dollars in damages after proprietary information was posted online by IT workers... Analysts warn that North Korean IT workers are targeting larger organizations, increasing extortion attempts and seeking out employers that pay salaries in cryptocurrency. More recently, security researchers have uncovered fake job application platforms impersonating major U.S. cryptocurrency and AI firms, including Anthropic, designed to infect legitimate applicants' networks with malware to be utilized once hired. The global cybersecurity company CrowdStrike identified a 220% rise in 2025 in instances of North Koreans gaining fraudulent employment at Western companies to work remotely as developers...

The payoff flowing back to Pyongyang from these schemes is enormous. Some North Korean IT workers earn more than $300,000 per year, far more than they'd be able to earn domestically, with as much as 90% of their wages directed back to the regime, according to congressional testimony from Bruce Klinger, a former CIA deputy division chief for Korea. The United Nations estimates the schemes, which proliferated after the pandemic when more companies' workforces went remote, generate as much as $600 million annually, while a U.S. State Department-led sanctions monitoring assessment placed earnings for 2024 as high as $800 million... So far, at least 10 alleged U.S.-based facilitators have been federally charged, including one active-duty member of the U.S. Army, for their alleged roles in hosting laptop farms, laundering payments and moving proceeds through shell companies. At least six other alleged U.S. facilitators have been identified in court documents but not named...

"We believe there are many more hundreds of people out there who are participating in these schemes," said Rozhavsky, the FBI assistant director. "They could never pull this off if they didn't have willing facilitators in the U.S. helping them...." The scheme itself is also becoming more complex. North Korean IT teams are now subcontracting work to developers in Pakistan, Nigeria and India, expanding into fields like customer service, financial processing, insurance and translation services — roles far less scrutinized than software development.

There's a surprise in a new documentary about that Bigfoot film shot in 1967 by Roger Patterson, reports the Wall Street Journal.

Capturing Bigfoot "builds to a big reveal: freshly surfaced film that appears to show a woodsy dress rehearsal for one of the world's most enduring hoaxes." In the new footage — from a Kodak reel dating to 1966 — Patterson's camera tracks a man in costume, his brother-in-law, moving in a similar fashion to the figure in the 1967 shoot, which featured a different location and a bigger man with a more distinctive stride, according to the documentary. The test-run footage "is the work of a director with a vision," says Capturing Bigfoot director Marq Evans. He says the reel was given to him by a colleague at Olympic College in Bremerton, Wash., where Evans runs a documentary film program. The colleague found the film in a safe that belonged to her late father, who worked in a Boeing film lab and could have developed film discreetly.

With the long-buried footage in hand, Evans set out to explore the ripple effects from the Bigfoot film. Patterson, who died in 1972, hailed from the same region of Washington as Evans; the documentarian discovered that the hardscrabble cowboy had also been a gifted craftsman and artist. Patterson illustrated a self-published book, "Do Abominable Snowmen of America Really Exist?", and set out to make a wildlife movie that would feature the ultimate trophy footage. He and his collaborators inadvertently helped spawn "this massive culture and industry" around the Bigfoot legend, Evans says...

Roger Paterson presented his footage to America in a traveling show that crisscrossed the nation and climaxed with the hyped Bigfoot sequence on screen. The money poured in, leading to resentment among cohorts who felt they'd been shortchanged, none more so than Bob Gimlin, Patterson's wingman in the field during the infamous shoot.. [Roger's son] Clint Patterson says his mother privately confirmed his suspicions that the family's claim to fame was bogus, but he kept quiet to protect their financial stream. About 10 years ago, when he first wanted to go public with the truth, his mother disowned him.
Bigfoot was also a recurring character on the 1970s TV show The Six Million Dollar Man.

Which kind of puts the whole thing in perspective...

An anonymous reader shares a report: Europe must invest in its own open source artificial intelligence labs and address soaring energy prices, or it will quickly find itself dependent on Chinese models, former Google chief executive and tech investor Eric Schmidt said.

"In the US, the companies are largely moving to closed source, which means they'll be purchased and licensed and so forth. And it is also the case that China is largely open weight, open source in its approach," Schmidt said at the World Economic Forum in Davos, Switzerland, on Tuesday. "Unless Europe is willing to spend lots of money for European models, Europe will end up using the Chinese models. It's probably not a good outcome for Europe."

Remember how California's government negotiated a 2024 deal where Google contributed millions to California's local newsrooms to offset advertisers moving to the search engine?

"A year after it was cemented — and billed as a model that could succeed where entire countries and continents had fallen short — the agreement is tangled in budget cuts, bureaucratic infighting and unresolved questions about who controls the money," reports Politico, "leaving journalists empty-handed and casting doubt on whether the lofty experiment will ever live up to its promise." The program, initially framed as a nearly $250 million commitment over five years, has secured just $20 million in new money for journalists in its first year, with no guarantee the funding will continue. It's changed hands twice since the University of California, Berkeley withdrew its support [with school officials "worried they wouldn't have enough of a say in how the money was distributed"]. Suggestions that other big tech players like ChatGPT-maker OpenAI could front more resources haven't materialized. A $62.5 million "AI accelerator" tied to the deal hasn't been set up yet.

Not a single newsroom has seen a dollar of funding, and there's no definitive timeline spelling out when they will... [The article adds later that state officials "have yet to draft precise rules for how California will decide which newsrooms get cash..."] Conversations with at least 20 people involved in the deal's rollout reveal how California's budget shortfalls and intraparty spats among Democrats scrambled it... California's struggle to launch its program has dampened hopes of replicating its model in other states such as Oregon, Illinois and New York, where lawmakers have tried but failed to make Big Tech pay for news...

When [California governor] Newsom unveiled his final state budget plan in May 2025 after a $12 billion deficit suddenly scrambled the state's finances, California's first-year commitment was reduced from $30 million to $10 million. Google followed suit within days and cut its first-year contribution from $15 million to $10 million... Whether the program even continues past 2026 is also unclear. Newsom's office declined to confirm whether the state will provide its $10 million commitment to the fund in the coming 2026-27 state budget. Newsom will also be termed out in 2027, and there's no requirement for his successor to honor the state's agreement with Google.

"Super PAC aims to drown out AI critics in midterms," the Washington Post reported in August, noting its intial funding over $100 million from "some of Silicon Valley's most powerful investors and executives" including OpenAI president Greg Brockman, his wife, and VC firm Andreessen Horowitz. The group's goal was "to quash a philosophical debate that has divided the tech industry on the risk of artificial intelligence overpowering humanity," according to the article — and to support "pro-AI" candidates in America's next election in November of 2026 and "oppose candidates perceived as slowing down AI development."

Their first target? State assemblyman Alex Bores, now running to be a U.S. representative. While in the state legislature Bores sponsored a bill that would "require large AI companies to publish safety data on their technology," notes the Washington Post. So the attack ad charges that Bores "wants Albany bureaucrats regulating AI," excoriating him for sponsoring a bill that "hands AI to state regulators and creates a chaotic patchwork of state rules that would crush innovation, cost New York jobs, and fail to keep people safe! And he's backed by groups funded by convicted felon Sam Bankman-Fried. Is that really who should be shaping AI safety for our kids? America needs one smart national policy that sets clear stands for safe AI not Albany politicians like Alex Bores."

The Post calls it "the opening skirmish in a battle set to play out across the country" as tech moguls (and an independent effort receiving "tens of millions" from Meta) "try to use the 2026 midterms to reengineer Congress and state legislatures in favor of their ambitions for artificial intelligence" and "to wrest control of the narrative around AI, just as politicians in both parties have started warning that the industry is moving too fast." By knocking down candidates such as Bores, who favor regulations, and boosting industry sympathizers, the tech-backed groups could signal to incumbents and candidates nationwide that opposing the tech industry can jeopardize their electoral chances. "Bores just happened to be first, but he's not the last, and he's certainly not the only," said Josh Vlasto, co-head of Leading the Future, the bipartisan super PAC behind the ad.

The group plans to support and oppose candidates in congressional and state elections next year. It will also fund rapid response operations against voices in the industry pushing for more oversight... The strategy aims to replicate the success of the cryptocurrency industry, which used a super PAC to clear a path for Congress this summer to boost the sector's fortunes with the passage of the Genius Act... But signs that voters are increasingly wary of AI suggest that approach may be challenging to replicate. More than half of Americans believe AI poses a high risk to society, Pew Research Center found in a June survey. As AI usage continues to grow, more people are being warned by chief executives that AI will disrupt their jobs, seeing power-hungry data centers spring up in their towns or hearing claims that chatbots can harm mental health.
The article also notes there's at least two other groups seeking to counter this pro-AI push, raising money through a nonprofit called "Public First."

CNN calls the new pro-AI ads "a likely preview of the vast amounts of money the technology industry could spend ahead of next year's elections," noting that the ads are first targeting the candidate-choosing primary elections

A millisecond used to be a big deal for the world's quickest traders. A dispute over huge trading profits at one of the world's largest futures exchanges shows they now think a million times faster [non-paywalled source]. From a report: The controversy is about an arcane technical maneuver in which high-speed traders bombard Frankfurt-based Eurex with useless data. The idea is to keep their connections to the exchange warm so they can react fractionally faster to market-moving information. The battle is the latest chapter in a decadeslong contest among secretive ultrafast trading firms, which have pursued a relentless quest for minuscule speed advantages.

A group of high-frequency trading firms has exploited the practice to rake in hundreds of millions of dollars, says Mosaic Finance, a French firm that has complained to Eurex and European regulators. "An arms race is OK, but you must use legal weapons," said Hugues Morin, founder of Mosaic. Eurex says Mosaic's claims are baseless.

[...] High-speed traders often seek to capture fleeting differences between prices of related assets, making quick response times critical. If benchmark Euro Stoxx 50 index futures rise, for example, contracts tied to Germany's DAX will usually follow. A first mover will be able to buy DAX futures before they tick higher, then sell out at a higher price -- a strategy that can add up to big profits over time. The maneuver that prompted Mosaic's spat with Eurex can improve reaction times by about 3.2 nanoseconds, according to the French firm, which calls it "corrupted speculative triggering," or CST for short.

In 1975, 23-year-old electrical engineer Steve Sasson joined Kodak. And in a new interview with the BBC, he remembers that he'd found the whole photographic process "really annoying.... I wanted to build a camera with no moving parts. Now that was just to annoy the mechanical engineers..." "You take your picture, you have to wait a long time, you have to fiddle with these chemicals. Well, you know, I was raised on Star Trek, and all the good ideas come from Star Trek. So I said what if we could just do it all electronically...?"

Researchers at Bell Labs in the US had, in 1969, created a type of integrated circuit called a charge-coupled device (CCD). An electric charge could be stored on a metal-oxide semiconductor (MOS), and could be passed from one MOS to another. Its creators believed one of its applications might one day be used as part of an imaging device — though they hadn't worked out how that might happen. The CCD, nevertheless, was quickly developed. By 1974, the US microchip company Fairchild Semiconductors had built the first commercial CCD, measuring just 100 x 100 pixels — the tiny electronic samples taken of an original image. The new device's ability to capture an image was only theoretical — no-one had, as yet, tried to take an image and display it. (NASA, it turned out, was also looking at this technology, but not for consumer cameras....)

The CCD circuit responded to light but could only form an image if Sasson was somehow able to attach a lens to it. He could then convert the light into digital information — a blizzard of 1s and 0s — but there was just one problem: money. "I had no money to build this thing. Nobody told me to build it, and I certainly couldn't demand any money for it," he says. "I basically stole all the parts, I was in Kodak and the apparatus division, which had a lot of parts. I stole the optical assembly from an XL movie camera downstairs in a used parts bin. I was just walking by, you see it, and you take it, you know." He was also able to source an analogue to digital converter from a $12 (about £5 in 1974) digital voltmeter, rather than spending hundreds on the part. I could manage to get all these parts without anybody really noticing," he says....

The bulky device needed a way to store the information the CCD was capturing, so Sasson used an audio cassette deck. But he also needed a way to view the image once it was saved on the magnetic tape. "We had to build a playback unit," Sasson says. "And, again, nobody asked me to do that either. So all I got to do is the reverse of what I did with the camera, and then I have to turn that digital pattern into an NTSC television signal." NTSC (National Television System Committee) was the conversion standard used by American TV sets. Sasson had to turn only 100 lines of digital code captured by the camera into the 400 lines that would form a television signal.
The solution was a Motorola microprocessor, and by December 1975, the camera and its playback unit was complete, the article points out. With his colleague Jim Schueckler, Sasson had spent more than a year putting together the "increasingly bulky" device, that "looked like an oversized toaster." The camera had a shutter that would take an image at about 1/20th of a second, and — if everything worked as it should — the cassette tape would start to move as the camera transferred the stored information from its CCD [which took 23 seconds]. "It took about 23 seconds to play it back, and then about eight seconds to reconfigure it to make it look like a television signal, and send it to the TV set that I stole from another lab...." In 1978, Kodak was granted the first patent for a digital camera. It was Sasson's first invention. The patent is thought to have earned Eastman Kodak billions in licensing and infringement payments by the time they sold the rights to it, fearing bankruptcy, in 2012...

As for Sasson, he never worked on anything other than the digital technology he had helped to create until he retired from Eastman Kodak in 2009.
Thanks to long-time Slashdot reader sinij for sharing the article.

Nuclear engineer Lonnie Johnson worked on NASA's Galileo mission, has more than 140 patents, and invented the Super Soaker water gun. But now he's working on "a potential key to unlock a huge power source that's rarely utilized today," reports the Atlanta Journal-Constitution. [Alternate URL here.]

Waste heat... The Johnson Thermo-Electrochemical Converter, or JTEC, has few moving parts, no combustion and no exhaust. All the work to generate electricity is done by hydrogen, the most abundant element in the universe. Inside the device, pressurized hydrogen gas is separated by a thin, filmlike membrane, with low pressure gas on one side and high pressure gas on the other. The difference in pressure in this "stack" is what drives the hydrogen to compress and expand, creating electricity as it circulates. And unlike a fuel cell, it does not need to be refueled with more hydrogen. All that's needed to keep the process going and electricity flowing is a heat source.

As it turns out, there are enormous amounts of energy vented or otherwise lost from industrial facilities like power plants, factories, breweries and more. Between 20% and 50% of all energy used for industrial processes is dumped into the atmosphere and lost as waste heat, according to the U.S. Department of Energy. The JTEC works with high temperatures, but the device's ability to generate electricity efficiently from low-grade heat sources is what company executives are most excited about. Inside JTEC's headquarters, engineers show off a demonstration unit that can power lights and a sound system with water that's roughly 200 degrees Fahrenheit — below the boiling point and barely warm enough to brew a cup of tea, said Julian Bell, JTEC's vice president of engineering. Comas Haynes, a research engineer at the Georgia Tech Research Institute specializing in thermal and hydrogen system designs, agrees the company could "hit a sweet spot" if it can capitalize on lower temperature heat...

For Johnson, the potential application he's most excited about lies beneath our feet. Geothermal energy exists naturally in rocks and water beneath the Earth's surface at various depths. Tapping into that resource through abandoned oil and gas wells — a well-known access point for underground heat — offers another opportunity. "You don't need batteries and you can draw power when you need it from just about anywhere," Johnson said. Right now, the company is building its first commercial JTEC unit, which is set to be deployed early next year. Mike McQuary, JTEC's CEO and the former president of the pioneering internet service provider MindSpring, said he couldn't reveal the customer, but said it's a "major Southeast utility company." "Crossing that bridge where you have commercial customers that believe in it and will pay for it is important," McQuary said...

On top of some initial seed money, the company brought in $30 million in a Series A funding in 2022 — money that allowed the company to move to its Lee + White headquarters and hire more than 30 engineers. McQuary said it expects to begin another round of fundraising soon.
"Johnson, meanwhile, hasn't stopped working on new inventions," the article points out. "He continues to refine the design for his solid-state battery..."

An anonymous reader quotes a report from Gizmodo: It appears that Neom -- Saudi Arabia's hugely expensive, architecturally bizarre urban development project -- is floundering and close to collapse. A new report from the Financial Times cites high-level sources within the project to paint a picture of dysfunction and failure at the heart of the quixotic effort. Neom was envisioned as a vast series of fantastical urban developments spread across the coast of the Red Sea. At the center of the project is The Line -- a proposed 105-mile-long city which developers had initially projected could house as many as 9 million people by the year 2030.

The Line is defined by bizarre architectural flourishes that, as the story notes, have seemed impossible even to the execs tasked with making them a reality. One such addition is an upside-down building, dubbed "the chandelier," that is supposed to hang over a "gateway" marina to the city: "As architects worked through the plans, the chandelier began to seem implausible. One recalled warning Tarek Qaddumi, The Line's executive director, of the difficulty of suspending a 30-story building upside down from a bridge hundreds of metres in the air. 'You do realize the earth is spinning? And that tall towers sway?' he said. The chandelier, the architect explained, could 'start to move like a pendulum,' then 'pick up speed,' and eventually 'break off,' crashing into the marina below."

Yes, that doesn't sound great. Now, according to those sources the FT talked to, the project is looking more and more like a hugely expensive pipe dream that will never come to pass: "Today, with at least $50 billion spent, the desert is pock-marked with piling, and deep trenches stretch across the landscape. But Prince Mohammed, who chairs Neom, has dramatically scaled back the first phase of the plans. Neom told the FT that The Line remained 'a strategic priority' that would ultimately 'provide a new blueprint for humanity by changing the way people live.' But they described it as a 'multi-generational development of unprecedented scale and complexity.'"

The outlet interviewed workers on the project who seem to feel that it's only a matter of time before the project is declared DOA: "While Neom employees say that much of The Line might still be technically buildable, they are not convinced anyone is ready to pay for it. Construction work across Neom has slowed, with the desert ski resort Trojena, the intended venue for the 2029 Asian Winter Games, one of the few sites still moving ahead at pace ... one former employee has said that everyone knows the project won't work; it is now just a matter of letting MBS down gently."

Chief among the project's problems is the fact that, as Neom's bizarre developments have failed to materialize, it has become increasingly difficult to encourage investors to put up money for the absurdly expensive project. FT notes: "Senior executives were constantly asking for more money, but The Line was competing with other Neom projects. Some wealthy Saudi families put modest sums into the project, but the large investments Riyadh hoped to lure from foreign backers never materialized." The lack of adequate funding coming in has led a senior construction manager to tell FT that he feels the Line will never be built.

Longtime Slashdot reader sinij shares a report from Car and Driver: Sales of electric vehicles surged in September as shoppers rushed to take advantage of the $7500 federal EV tax credit before it disappeared at the end of the month. With the government subsidies now gone, EV sales were expected to take a hit in October. While only a few automakers still report sales on a monthly basis, the results we do have do not paint a rosy picture for EVs in a post-tax credit world.

The Korean automakers were hit particularly hard by the loss of the tax credit. The Hyundai Ioniq 5, which was the fifth-best-selling EV through the third quarter of this year, experienced a 63 percent drop, moving 1642 units in October 2025, down from 4498 in 2024. Its platform-mates saw similar declines. The Kia EV6 moved just 508 units, down 71 percent versus the same month the year before, while the luxurious Genesis GV60 only found 93 buyers, a 54 percent slide year over year. Things were even worse at Honda. While the Acura ZDX was recently discontinued after just a single model year, the related Honda Prologue remains on sale but registered just 806 units, down 81 percent from 4130 sales in October 2024. [...]

Obviously, this isn't the full picture, as several major players -- including General Motors, Toyota, Nissan, and Volkswagen -- only release sales reports on a quarterly basis, and others, such as Tesla and Rivian, don't break out individual sales at all. But with four of the top 10 bestselling EVs through Q3 all showing noteworthy declines in October, it spells trouble for the EV market at large. The end-of-year sales figures will provide a much clearer picture of whether October was just a blip or the start of a much more widespread problem for EV sales.

Banks face a hit to their bottom lines of as much as $170 billion if they don't adapt their business models to respond to customers turning to AI to optimize their finances. From a report: The consultancy firm predicted that customer uptake of agentic AI -- effectively autonomous bots -- would hit the profits banks earn from customer money in low interest accounts, according to a report from McKinsey published Thursday. "Imagine you have an AI agent that says: 'Hey, you could save $2,000-a-year by moving your money,'" Pradip Patiath, a senior partner at McKinsey, said. "It automates a lot of the inertia that is in the system today."

Consumers hold $23 trillion out of a total of $70 trillion in accounts with close to zero interest rates, while the remainder is held in accounts that often pay relatively low rates, according to the research. Customer use of AI agents could lead to a 9% profit drop for banks, some $170 billion, if they do not change their business models. That could push average returns for banks below their cost of capital, the consultants said.

Sen. Mark Kelly and three Democratic colleagues urged appropriations leaders to block funding for moving space shuttle Discovery from the Smithsonian's Udvar-Hazy Center in Virginia to Houston, arguing the transfer would waste taxpayer money, risk permanent damage, and restrict public access. The relocation, pushed by Texas senators Cornyn and Cruz under a new law, carries an estimated cost of nearly $400 million. Ars Technica reports: "Why should hundreds of millions of taxpayer dollars be spent just to jeopardize a piece of American history that's already protected and on display?" wrote Kelly in a social media post on Friday. "Space Shuttle Discovery belongs at the Smithsonian, where millions of people, including students and veterans, go to see it for free." In a letter sent on the same day to the leadership of the Senate Committee on Appropriations, Kelly and his three colleagues cautioned that any effort to transfer the winged orbiter would "waste taxpayer dollars, risk permanent damage to the shuttle, and mean fewer visitors would be able to visit it." "It is worth noting that there is little evidence of broad public demand for such a move," wrote Kelly, Warner, Kaine, and Durbin.

In the letter, the senators asked that committee chair Susan Collins (R-Maine) and vice chair Patty Murray (D-Wash.) block funding for Discovery's relocation in both the fiscal year 2026 Interior-Environment appropriations bill and FY26 Commerce, Justice, Science appropriations bill. [...] "Houston's disappointment in not being selected is wholly understandable," the four senators wrote, "but removing an item from the National Collection is not a viable solution." [...] "There are also profound financial challenges associated with this transfer," wrote Kelly. Warner, Kaine, and Durbin. "The Smithsonian estimates that transporting Discovery from Virginia to Houston could cost more than $50 million, with another $325 million needed for planning, exhibit reconstruction, and new facilities." "Dedicating hundreds of millions of taxpayer dollars to move an artifact that is already housed, displayed, and preserved in a world-class facility is both inefficient and unjustifiable," the senators wrote.

Then there are the logistical challenges with relocating Discovery, which could result in damaging it, "permanently diminishing its historical and cultural value for future generations." "Moving Discovery by barge or road would be far more complex [than previous shuttle moves], exposing it to saltwater, weather, and collision risks across a journey several times longer," the letter reads. "As a one-of-a-kind artifact that has already endured the stresses of spaceflight, Discovery is uniquely vulnerable to these hazards. The heat tiles that enabled repeated shuttle missions become more fragile with age, and they are irreplaceable." Kelly, who previously lived in Houston when he was part of the space program, agrees that the city is central to NASA's human spaceflight efforts, but, along with Warner, Kaine, and Durbin, points out that displaying Discovery would come with another cost: an admission fee, limiting public access to the shuttle. "The Smithsonian is unique among museums for providing visitors with access to a national treasure meant to inspire the American public without placing economic barriers," wrote the senators.

OpenAI unveiled Instant Checkout, a new ChatGPT feature that lets users buy stuff directly through its chatbot. Currently, the feature supports single-item purchases directly from Etsy sellers, but support for more than one million Shopify merchants is coming soon. It's also only available to U.S. ChatGPT Plus, Pro and Free users at this time. CNBC reports: OpenAI will take a fee from transactions that are completed through ChatGPT, which means Instant Checkout could become an important new revenue stream for the startup. OpenAI is not yet profitable, and is burning through cash as it works to scale up its computing infrastructure. The company declined to share specific details about how large the fees are since they are determined through confidential contracts with Etsy and Shopify. Instant Checkout is free to users and will not affect their prices, OpenAI said.

"Our vision for ChatGPT -- and a lot of the technology we create, but especially ChatGPT -- is that it's not just providing you information, it is also helping you get things done in the real world," Michelle Fradin, OpenAI's product lead for ChatGPT commerce, told CNBC in an interview. The company plans to introduce multi-item carts and expand the regional availability of Instant Checkout moving forward. [...]

Instant Checkout is powered by OpenAI's Agentic Commerce Protocol, which is the underlying technology that allows users to complete a transaction directly with a merchant through ChatGPT. OpenAI built the framework in partnership with the fintech company Stripe, which powers ChatGPT subscriptions. OpenAI initially decided to use Agentic Commerce Protocol for e-commerce, but Fradin said the company thinks it could be used to facilitate other types of purchases or payments as well. OpenAI is open-sourcing the framework to help merchants build integrations more quickly, and so that developers can explore different use cases, she said.

After over 130 years in business, Kodak has warned it may not survive. From a report: The Rochester, New York-based Eastman Kodak Co. offered a bleak picture of its financials in earnings reports and filings, tracking a second quarter loss and sending shares tumbling in early trading Tuesday, Aug. 12. The iconic brand said in Monday, Aug. 11 government filings that there is "substantial doubt" about the company's ability to continue, as it faces more than $470 million in debt and slashes its pension plan in an attempt to remain afloat.

"Kodak has debt coming due within twelve months and does not have committed financing or available liquidity to meet such debt obligations if they were to become due in accordance with their current terms," the company said in its filings to the Securities and Exchange Commission. [...] In its most recent earnings report, Kodak said its consolidated revenues were $263 million at the end of the quarter on June 30, a decrease of $4 million since the same period last year. Gross profit decreased 12% compared to last year's second quarter end, Kodak disclosed, and its cash balance sits at $155 million, marking a loss of just under 23% since the end of December.

Jim Continenza, Kodak's Executive Chairman and CEO, said tariffs have not had a "material impact" on its businesses, noting the domestic production of many of its products such as printing plates, film, inkjet presses and inks and pharmaceutical ingredients. Kodak's chief financial officer David Bullwinkle said in the company's Aug. 11 statement it plans to focus on its advanced chemicals and materials sector moving forward, and said the cut to its retirement program is going toward paying down its debt. He said the company expects to "have a clear understanding" by Friday, Aug. 15 of how it will meet its debt obligations. "For the second half of the year, we will continue to focus on reducing costs today and converting our investments into long-term growth," Bullwinkle said.

An anonymous reader quotes a report from Seeking Alpha: General Motors is reviving its autonomous driving program, tapping former Cruise employees to help design a driverless car for consumers. Under the helm of former Tesla autopilot head Sterling Anderson, GM is moving ahead with a driverless, eyes-free, vehicle with the ultimate goal of developing a car without a person at the wheel, according to a meeting between Anderson and employees revealed to Bloomberg. Anderson reportedly said plans include rehiring Cruise employees, and adding staff at GM's Mountain View, California office.

Currently, LiDAR-equipped vehicles are collecting data on public roads for the development of GM's driverless vehicles, GM spokesperson Chaiti Sen told Bloomberg, with the goal of building simulation models that will guide development. GM (GM) shuttered its majority-owned, money-losing, Cruise robotaxi business late last year and let go of ~1,000 Cruise employees, after a pedestrian accident led to the grounding of its entire fleet and regulatory scrutiny. At the time, the company said it was pivoting away from robotaxis to the development of hands-free driving for personal vehicles.

Measuring earth's position (or "geodesy") requires using telescopes that track radiation from distant black holes. Their signals "pass cleanly through the atmosphere and we can receive them during day and night and in all weather conditions," writes a senior scientist at the University of Tasmania.

But there's a problem... Radio waves are also used for communication on Earth — including things such as wifi and mobile phones... [A] few narrow lanes are reserved for radio astronomy. However, in previous decades the radio highway had relatively little traffic. Scientists commonly strayed from the radio astronomy lanes to receive the black hole signals. To reach the very high precision needed for modern technology, geodesy today relies on more than just the lanes exclusively reserved for astronomy.

In recent years, human-made electromagnetic pollution has vastly increased. When wifi and mobile phone services emerged, scientists reacted by moving to higher frequencies. However, they are running out of lanes. Six generations of mobile phone services (each occupying a new lane) are crowding the spectrum... Today, the multitude of signals are often too strong for geodetic observatories to see through them to the very weak signals emitted by black holes. This puts many satellite services at risk.

To keep working into the future — to maintain the services on which we all depend — geodesy needs some more lanes on the radio highway. When the spectrum is divided up via international treaties at world radio conferences, geodesists need a seat at the table. Other potential fixes might include radio quiet zones around our essential radio telescopes. Work is also underway with satellite providers to avoid pointing radio emissions directly at radio telescopes. Any solution has to be global. For our geodetic measurements, we link radio telescopes together from all over the world, allowing us to mimic a telescope the size of Earth. The radio spectrum is primarily regulated by each nation individually, making this a huge challenge.

But perhaps the first step is increasing awareness. If we want satellite navigation to work, our supermarkets to be stocked and our online money transfers arriving safely, we need to make sure we have a clear view of those black holes in distant galaxies — and that means clearing up the radio highway.