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Comment No longer just SpaceX (Score 0) 120

by Onthax (#66153895) Attached to: SpaceX Reveals Its Finances For the First Time
Unfortunately we won't get a chance to invest in SpaceX.

It will be an investment in Musk Inc and all the crap that goes along with it. SpaceX never needed to go public, it's all the other stuff Musk is getting the profitable SpaceX to drag along that will weigh it down. Will be a tough sell to get off the ground.

Submission + - 'Great Resignation' Enters Third Year (reuters.com)

Submitted by Anonymous Coward
An anonymous reader writes: The proportion of workers who expect to switch employers in the next 12 months is higher than that from the "Great Resignation" period of 2022, a PwC survey of the global workforce found. Around 28% of more than 56,000 workers surveyed by PwC said they were "very or extremely likely" to move from their current companies, compared to 19% in 2022, and 26% in 2023. PwC's 2024 "Hopes and Fears" survey also showed workers are embracing emerging technologies such as generative artificial intelligence (GenAI) and prioritising upskilling amid rising workloads and heightened workplace uncertainty.

Pete Brown, global workforce leader at PwC UK, said employees are placing an "increased premium" on organizations that invest in their skills growth, and so, businesses must prioritize upskilling and employee experience. About 45% of the workers surveyed said they have experienced rising workloads and an accelerating pace of workplace change in the last 12 months, with 62% saying they have seen more change at work in the past year than the previous 12 months. Among employees who use GenAI daily, 82% said they expect it to increase their efficiency in the next 12 months. Reflecting confidence that GenAI opportunities would support their career growth, nearly half of those surveyed by PwC expected GenAI to generate higher salaries, with almost two-thirds hoping these emerging tools will improve the quality of their work. Carol Stubbings, global markets and tax and legal services leader at PwC UK, said employers must invest in staff and tech platforms to mitigate pressures and retain talent. "The findings suggest that job satisfaction is no longer enough," she said.

Submission + - South Korean ISP 'Infected' Torrenting Subscribers with Malware (torrentfreak.com)

Submitted by Anonymous Coward
An anonymous reader writes: Last week, an in-depth investigative report from JBTC revealed that Korean Internet provider KT, formerly known as Korea Telecom, distributed malware onto subscribers’ computers to interfere with and block torrent traffic. File-sharing continues to be very popular in South Korea, but operates differently than in most other countries. “Webhard” services, short for Web Hard Drive, are particularly popular. These are paid BitTorrent-assisted services, which also offer dedicated web seeds, to ensure that files remain available.

Webhard services rely on the BitTorrent-enabled ‘Grid System’, which became so popular in Korea that ISPs started to notice it. Since these torrent transfers use a lot of bandwidth, which is very costly in the country, providers would rather not have this file-sharing activity on their networks. KT, one of South Korea’s largest ISPs with over 16 million subscribers, was previously caught meddling with the Grid System. In 2020, their throttling activities resulted in a court case, where the ISP cited ‘network management’ costs as the prime reason to interfere. The Court eventually sided with KT, ending the case in its favor, but that wasn’t the end of the matter. An investigation launched by the police at the time remains ongoing. New reports now show that the raid on KT’s datacenter found that dozens of devices were used in the ‘throttling process’ and they were doing more than just limiting bandwidth.

When Webhard users started reporting problems four years ago, they didn’t simply complain about slow downloads. In fact, the main concern was that several Grid-based Webhard services went offline or reported seemingly unexplainable errors. Since all complaining users were KT subscribers, fingers were pointed in that direction. According to an investigation by Korean news outlet JBTC, the Internet provider actively installed malware on computers of Webhard services. This activity was widespread and effected an estimated 600,000 KT subscribers. The Gyeonggi Southern Police Agency, which carried out the raid and investigation, believes this was an organized hacking attempt. A dedicated KT team allegedly planted malware to eavesdrop on subscribers and interfere with their private file transfers. [...] Why KT allegedly distributed the malware and what it precisely intended to do is unclear. The police believe there were internal KT discussions about network-related costs, suggesting that financial reasons played a role.

Submission + - EPA report reveals Apple is willfully venting toxics from their chip fab (x.com)

Submitted by drinkypoo
drinkypoo writes: A former Apple employee tipped off the EPA to massive and ongoing willful release of emissions from Apple's baby fab in Santa Clara, and although Apple was warned about what was supposed to be a surprise inspection the inspectors still discovered that Apple was illegally treating and transporting hazardous waste, dumping hazardous waste into the ambient air outside the facility, and leaving stockpiles of volatile chemicals unattended on weekends. Apple did not seek or receive a permit for transportation or storage of many of these toxic, "highly flammable" and corrosive chemicals, and is also doing no monitoring of their own emissions. Many would like to see manufacturing returned to the USA, but is this the outcome they desired or expected?

Submission + - ISPs Ask FCC For Tax On Big Tech To Fund Broadband Networks and Discounts (arstechnica.com)

Submitted by Anonymous Coward
An anonymous reader writes: Internet service providers are again urging the Federal Communications Commission to impose new fees on Big Tech firms and use the money to subsidize broadband network deployment and affordability programs. If approved, the request would force Big Tech firms to pay into the FCC's Universal Service Fund (USF), which in turn distributes money to broadband providers. The request was made on June 6 by USTelecom, a lobby group for AT&T, Verizon, CenturyLink/Lumen, and smaller telcos. USTelecom has made similar arguments before, but its latest request to the FCC argues that the recent death of a broadband discount program should spur the FCC to start extracting money from Big Tech.

"Through focusing on the Big Tech companies who benefit most from broadband connectivity, the Commission will fairly allocate the burden of sustaining USF," USTelecom wrote in the FCC filing last week. The USF spends about $8 billion a year. Phone companies must pay a percentage of their revenue into the fund, and telcos generally pass those fees on to consumers with a "Universal Service" line item on telephone bills. The money is directed back to the telco industry with programs like the Connect America Fund and Rural Digital Opportunity Fund, which subsidize network construction in unserved and underserved areas. The USF also funds Lifeline program discounts for people with low incomes.

FCC Chairwoman Jessica Rosenworcel hasn't stated any intention to expand USF contributions to Big Tech. Separately, she rejected calls to impose Universal Service fees on broadband, leaving phone service as the only source of USF revenue. The USTelecom filing came in response to the FCC asking for input on its latest analysis of competition in the communications marketplace. USTelecom says the USF is relevant to the proceeding because "the Universal Service Fund is critical for maintaining a competitive marketplace and an expanded contributions base is necessary to sustain the fund." No changes to the USF would be made in this proceeding, though USTelecom's comments could be addressed in the FCC's final report.

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