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AI

Scammers' New Way of Targeting Small Businesses: Impersonating Them (wsj.com) 17

Copycats are stepping up their attacks on small businesses. Sellers of products including merino socks and hummingbird feeders say they have lost customers to online scammers who use the legitimate business owners' videos, logos and social-media posts to assume their identities and steer customers to cheap knockoffs or simply take their money. WSJ: "We used to think you'd be targeted because you have a brand everywhere," said Alastair Gray, director of anticounterfeiting for the International Trademark Association, a nonprofit that represents brand owners. "It now seems with the ease at which these criminals can replicate websites, they can cut and paste everything." Technology has expanded the reach of even the smallest businesses, making it easy to court customers across the globe. But evolving technology has also boosted opportunities for copycats; ChatGPT and other advances in artificial intelligence make it easier to avoid language or spelling errors, often a signal of fraud.

Imitators also have fine-tuned their tactics, including by outbidding legitimate brands for top position in search results. "These counterfeiters will market themselves just like brands market themselves," said Rachel Aronson, co-founder of CounterFind, a Dallas-based brand-protection company. Policing copycats is particularly challenging for small businesses with limited financial resources and not many employees. Online giants such as Amazon.com and Meta Platforms say they use technology to identify and remove misleading ads, fake accounts or counterfeit products.

Businesses

Study Finds a Quarter of Bosses Hoped Return-To-Office Would Make Employees Quit (theregister.com) 119

An anonymous reader shares a report: A study claims to have proof of what some have suspected: return to office mandates are just back-channel layoffs and post-COVID work culture is making everyone miserable. HR software biz BambooHR surveyed more than 1,500 employees, a third of whom work in HR. The findings suggest the return to office movement has been a poorly-executed failure, but one particular figure stands out - a quarter of executives and a fifth of HR professionals hoped RTO mandates would result in staff leaving.

While that statistic essentially admits the quiet part out loud, there was some merit to that belief. People did quit when RTO mandates were enforced at many of the largest companies, but it wasn't enough, the study reports. More than a third (37 percent) of respondents in leadership roles believed their employers had undertaken layoffs in the past 12 months as a result of too few people quitting in protest of RTO mandates, the study found. Nearly the same number thought their management wanted employees back in the office to monitor them more closely. The end result has been the growth of a different office culture, one that's even more performative, suspicious, and divisive than before the COVID pandemic, the study concludes.

Books

Bill Gates Taking Pre-Orders For 'Source Code', a Memoir of His Early Years (gatesnotes.com) 72

Long-time Slashdot reader theodp writes: If you devoured the Childhood of Famous Americans book series as a kid and are ready for a longer read, Bill Gates has a book for you.

"I'm excited to announce my new book, Source Code, which will be published next February," Gates wrote Tuesday in a GatesNotes blog post. "It's a memoir about my early years, from childhood through my decision to leave college and start Microsoft with Paul Allen. I write about the relationships, lessons, and experiences that laid the foundation for everything in my life that followed." GeekWire explains the timing of the book release is notable: January 2025 marks the 50th anniversary of the Popular Electronics magazine issue that featured the early Altair 8800 personal computer, which inspired Gates and Allen to start the company.

Proceeds from book sales will be donated to the nonprofit United Way Worldwide, in recognition of Gates' late mother Mary's longtime work as a volunteer and board member with the organization.

"Hey, this thing is happening without us," Allen famously said to Bill Gates (who had just turned 19).

When Gates finished reading the Popular Electronics article, "he realized that Allen was right," according to one biographer. "For the next eight weeks, the two of them embarked on a frenzy of code writing that would change the nature of the computer business."
United States

Is Nuclear Power in America Reviving - or Flailing? (msn.com) 209

Last week America's energy secretary cheered the startup of a fourth nuclear reactor at a Georgia power plant, calling it "the largest producer of clean energy, and the largest producer of electricity in the United States" after a third reactor was started up there in December.

From the U.S. Energy Department's transcript of the speech: Each year, Units 3 and 4 are going to produce enough clean power to power 1 million homes and businesses, enough energy to power roughly 1 in 4 homes in Georgia. Preventing 10 million metric tons of carbon dioxide pollution annually. That, by the way, is like planting more than 165 million trees every year!

And that's not to mention the historic investments that [electric utility] Southern has made on the safety front, to ensure this facility meets — and exceeds — the highest operating standards in the world....

To reach our goal of net zero by 2050, we have to at least triple our current nuclear capacity in this country. That means we've got to add 200 more gigawatts by 2050. Okay, two down, 198 to go! In building [Unit] 4, we've solved our greatest design challenges. We've stood up entire supply chains.... And so it's time to cash in on our investments by building more. More of these facilities. The Department of Energy's Loan Programs Office stands ready to help, with hundreds of billions of dollars in what we call Title 17 loans... Since the President signed the Inflation Reduction Act and the Bipartisan Infrastructure Law, companies across the nation have announced 29 new or expanded nuclear facilities — across 16 states — representing about 1,600 potential new jobs. And the majority of those projects will expand the domestic uranium production and fuel fabrication, strengthening these critical supply chains...

Bottom line is, in short, we are determined to build a world-class nuclear industry in the United States, and we're putting our money where our mouth is.

America's Energy Secretary told the Washington Post that "Whether it happens through small modular reactors, or AP1000s, or maybe another design out there worthy of consideration, we want to see nuclear built." The Post notes the Energy department gave a $1.5 billion loan to restart a Michigan power plant which was decommissioned in 2022. "It would mark the first time a shuttered U.S. nuclear plant has been reactivated."

"But in this country with 54 nuclear plants across 28 states, restarting existing reactors and delaying their closure is a lot less complicated than building new ones." When the final [Georgia] reactor went online at the end of April, the expansion was seven years behind schedule and nearly $20 billion over budget. It ultimately cost more than twice as much as promised, with ratepayers footing much of the bill through surcharges and rate hikes...

Administration officials say the country has no choice but to make nuclear power a workable option again. The country is fast running short on electricity, demand for power is surging amid a boom in construction of data centers and manufacturing plants, and a neglected power grid is struggling to accommodate enough new wind and solar power to meet the nation's needs...

As the administration frames the narrative of the plant as one of perseverance and innovation that clears a path for restoring U.S. nuclear energy dominance, even some longtime boosters of the industry question whether this country will ever again have a vibrant nuclear energy sector. "It is hard for me to envision state energy regulators signing off on another one of these, given how badly the last ones went," said Matt Bowen, a nuclear scholar at the Center on Global Energy Policy at Columbia University, who was an adviser on nuclear energy issues in the Obama administration.

The article notes there are 19 AP1000 reactors (the design used at the Georgia plant) in development around the world. "None of them are being built in the United States."
Graphics

Nvidia Takes 88% of the GPU Market Share (xda-developers.com) 83

As reported by Jon Peddie Research, Nvidia now holds 88% of the GPU market after its market share jumped 8% in its most recent quarter. "This jump shaves 7% off of AMD's share, putting it down to 19% total," reports XDA Developers. "And if you're wondering where that extra 1% went, it came from all of Intel's market share, squashing it down to 0%." From the report: Dr. Jon Peddie, president of Jon Peddie Research, mentions how the GPU market hasn't really looked "normal" since the 2007 recession. Ever since then, everything from the crypto boom to COVID has messed with the usual patterns. Usually, the first quarter of a year shows a bit of a dip in GPU sales, but because of AI's influence, it may seem like that previous norm may be forever gone: "Therefore, one would expect Q2'24, a traditional quarter, to also be down. But, all the vendors are predicting a growth quarter, mostly driven by AI training systems in hyperscalers. Whereas AI trainers use a GPU, the demand for them can steal parts from the gaming segment. So, for Q2, we expect to see a flat to low gaming AIB result and another increase in AI trainer GPU shipments. The new normality is no normality."
Businesses

Samsung Electronics Workers Strike For the First Time Ever (theverge.com) 3

Victoria Song reports via The Verge: Samsung Electronics workers went on a strike on Friday for the very first time in the company's history. The move comes at a time when the Korean corporation faces increased competition from other chipmakers, particularly as demand for AI chips grows. The National Samsung Electronics Union (NSEU), the largest of the company's several unions, called for the one-day strike at Samsung's Seoul office building as negotiations over pay bonuses and time off hit a standstill. The New York Times reports that the majority of striking workers come from Samsung's chip division. (Samsung Electronics is technically only a subsidiary comprising its consumer tech, appliances, and semiconductor divisions; Samsung itself is a conglomerate that controls real estate, retail, insurance, food production, hotels, and a whole lot more.) It's unclear how many of the NSEU's roughly 28,400 members participated in the walkout. Even so, multiple outlets are reporting that the walkout is unlikely to affect chip production or trigger shortages. Union leaders told Bloomberg that further actions are planned if management refuses to engage.

That said, the fact that it's happening at all is awkward timing for Samsung, particularly due to tensions with the chipmaking portion of its business. Last year, the division reported a 15 trillion won ($11 billion) loss, leading to a 15-year low in operating profits. The current AI boom played a big role in the massive loss. Samsung has historically been the world leader in making high-bandwidth memory chips â" the kind that are in demand right now to power next-gen generative AI features. However, last year's decline was partly because Samsung wasn't prepared for increased demand, allowing local rival SK Hynix to take the top spot.

Businesses

VMware Customers May Stay, But Broadcom Could Face Backlash 'For Years To Come' (arstechnica.com) 25

An anonymous reader quotes a report from Ars Technica: After acquiring VMware, Broadcom swiftly enacted widespread changes that resulted in strong public backlash. A new survey of 300 director-level IT workers at companies that are customers of North American VMware provides insight into the customer reaction to Broadcom's overhaul. The survey released Thursday doesn't provide feedback from every VMware customer, but it's the first time we've seen responses from IT decision-makers working for companies paying for VMware products. It echos concerns expressed at the announcement of some of Broadcom's more controversial changes to VMware, like the end of perpetual licenses and growing costs. [...] Every person surveyed said that they expect VMware prices to rise under Broadcom. In a March "User Group Town Hall," attendees complained about "price rises of 500 and 600 percent," according to The Register. We heard in February from ServeTheHome that "smaller" cloud service providers were claiming to see costs grow tenfold. In this week's survey, 73 percent of respondents said they expect VMware prices to more than double. Twelve percent of respondents expect a price hike of 301 to 500 percent. Only 1 percent anticipate price hikes of 501 to 1,000 percent. "At this juncture post-acquisition, most larger enterprises seem to have a clear understanding of how their next procurement cycle with Broadcom will be impacted from a pricing and packaging standpoint," the report noted.

Further, 95 percent of survey respondents said they view Broadcom buying VMware as disruptive to their IT strategy, with 46 percent considering it extremely or very disruptive. Widespread concerns about cost and IT strategy help explain why 99 percent of the 300 respondents said they are concerned about Broadcom owning VMware, with 46 percent being "very concerned" and 30 percent "extremely concerned." Despite widespread anxiety over Broadcom's VMware, most of the respondents said they will likely stay with VMware either partially (43 percent of respondents) or fully (40 percent). A smaller percentage of respondents said they would move more workloads to the public cloud (38 percent) or a different hypervisor (34 percent) or move entirely to the public cloud (33 percent). This is with 69 percent of respondents having at least one contract expiring with VMware within the next 12 months. [...] Top reasons cited for considering abandoning VMware partially or totally were uncertainty about Broadcom's plans, concerns about support quality under Broadcom, and changes to relationships with channel partners (each named by 36 percent of respondents). Following closely was the shift to subscription licensing (34 percent), expected price bumps (33 percent), and personal negative experiences with Broadcom (33 percent). Broadcom's history with big buys like Symantec and CA Technologies also has 32 percent of people surveyed considering leaving VMware.
"The emotional shock has started to metabolize inside of the Broadcom customer base, but it's metabolized in the form of strong commitment to mitigating the negative impacts of the Broadcom VMware acquisition," said Kyle Campos, CTPO for CloudBolt Software, the company that commissioned the study.

He warned that Broadcom could see backlash continue "for months and even years to come."
The Courts

Yelp Can Sue Reputation Company For Promising To Suppress Bad Reviews (reuters.com) 8

Yelp can pursue a lawsuit accusing a reputation management company of fraudulently advertising its ability to remove "bad" reviews from the business review website. From a report: In a decision late Thursday night, U.S. District Judge William Alsup in San Francisco said Yelp can pursue trademark infringement and unfair competition claims against ReviewVio, which operates as Dandy. Yelp said ReviewVio's ads, which include the Yelp logo, harmed its reputation by suggesting that businesses could pay for artificially inflated star ratings.

This allegedly undercut honest businesses that will not pay to remove negative reviews, and undermined the usefulness of Yelp's website to consumers. Yelp also said it lost ad revenue from businesses that paid for "review gating," which the company prohibits, or incorrectly believed that Yelp endorsed the practice.

Books

Costco Plans To Stop Selling Books Year-Round (nytimes.com) 60

An anonymous reader quotes a report from the New York Times: In a blow to publishers and authors, Costco plans to stop selling books regularly at stores around the United States, four publishing executives who had been informed of the warehouse retailer's plans said on Wednesday. Beginning in January 2025, the company will stop stocking books regularly, and will instead sell them only during the holiday shopping period, from September through December. During the rest of the year, some books may be sold at Costco stores from time to time, but not in a consistent manner, according to the executives, who spoke anonymously in order to discuss a confidential business matter that has not yet been publicly announced.

Costco's shift away from books came largely because of the labor required to stock books, the executives said. Copies have to be laid out by hand, rather than just rolled out on a pallet as other products often are at Costco. The constant turnaround of books -- new ones come out every Tuesday and the ones that have not sold need to be returned -- also created more work. The decision could be a significant setback for publishers at a moment when the industry is facing stagnant print sales and publishing houses are struggling to find ways to reach customers who have migrated online. Costco had already stopped selling books in some markets, including Alaska and Hawaii.
While Costco may not be as critical of an outlet as a bookstore like Barnes & Noble, its influence is also evident in the large quantities it orders. When Costco chose to carry a book, "it often went big, ordering tens of thousands of copies at a minimum," says the report. "For major blockbusters, they might stock hundreds of thousands of copies of a single title."

"The change may also impact Costco customers, particularly those who live in areas without a bookstore. And because many books at Costco were impulse buys, some of those sales may not shift over to Amazon or Barnes & Noble. Instead, they might not happen at all."
Businesses

eBay To Drop American Express Over Fees (cnbc.com) 89

Online marketplace behemoth eBay said it plans to no longer accept American Express, citing what the company says are "unacceptably high fees." CNBC: It's a notable blow to American Express, whose customers are often the most attractive among merchants and spend the most money per month on their cards. But it's not the first time merchants have voiced opposition to AmEx's business practices by walking away, most notably the warehouse chain Costco nearly a decade ago.

[...] Overland said that eBay customers have become aware of new ways to pay for items, making payments more competitive than ever before, and AmEx was no longer a necessary partner for eBay. eBay has increasingly been offering customers buy now, pay later options on purchases through Apple Pay, PayPal and other companies like Klarna and Affirm as well.

AI

Artists Are Deleting Instagram For New App Cara In Protest of Meta AI Scraping (fastcompany.com) 21

Some artists are jumping ship for the anti-AI portfolio app Cara after Meta began using Instagram content to train its AI models. Fast Company explains: The portfolio app bills itself as a platform that protects artists' images from being used to train AI, and only allowing AI content to be posted if it's clearly labeled. Based on the number of new users the Cara app has garnered over the past few days, there seems to be a need. Between May 31 and June 2, Cara's user base tripled from less than 100,000 to more than 300,000 profiles, skyrocketing to the top of the app store. [...] Cara is a social networking app for creatives, in which users can post images of their artwork, memes, or just their own text-based musings. It shares similarities with major social platforms like X (formerly Twitter) and Instagram on a few fronts. Users can access Cara through a mobile app or on a browser. Both options are free to use. The UI itself is like an arts-centric combination of X and Instagram. In fact, some UI elements seem like they were pulled directly from other social media sites. (It's not the most innovative approach, but it is strategic: as a new app, any barriers to potential adoption need to be low).

Cara doesn't train any AI models on its content, nor does it allow third parties to do so. According to Cara's FAQ page, the app aims to protect its users from AI scraping by automatically implementing "NoAI" tags on all of its posts. The website says these tags "are intended to tell AI scrapers not to scrape from Cara." Ultimately, they appear to be html metadata tags that politely ask bad actors not to get up to any funny business, and it's pretty unlikely that they hold any actual legal weight. Cara admits as much, too, warning its users that the tags aren't a "fully comprehensive solution and won't completely prevent dedicated scrapers." With that in mind, Cara assesses the "NoAI" tagging system as a "a necessary first step in building a space that is actually welcoming to artists -- one that respects them as creators and doesn't opt their work into unethical AI scraping without their consent."

In December, Cara launched another tool called Cara Glaze to defend its artists' work against scrapers. (Users can only use it a select number of times.) Glaze, developed by the SAND Lab at University of Chicago, makes it much more difficult for AI models to accurately understand and mimic an artist's personal style. The tool works by learning how AI bots perceive artwork, and then making a set of minimal changes that are invisible to the human eye but confusing to the AI model. The AI bot then has trouble "translating" the art style and generates warped recreations. In the future, Cara also plans to implement Nightshade, another University of Chicago software that helps protect artwork against AI scapers. Nightshade "poisons" AI training data by adding invisible pixels to artwork that can cause AI software to completely misunderstand the image. Beyond establishing shields against data mining, Cara also uses a third party service to detect and moderate any AI artwork that's posted to the site. Non-human artwork is forbidden, unless it's been properly labeled by the poster.

Businesses

Humane Said To Be Seeking a $1 Billion Buyout After Only 10,000 Orders of Its AI Pin (engadget.com) 40

An anonymous reader writes: It emerged recently that Humane was trying to sell itself for as much as $1 billion after its confuddling, expensive and ultimately pretty useless AI Pin flopped. A New York Times report that dropped on Thursday shed a little more light on the company's sales figures and, like the wearable AI assistant itself, the details are not good.

By early April, around the time that many devastating reviews of the AI Pin were published, Humane is said to have received around 10,000 orders for the device. That's a far cry from the 100,000 it was hoping to ship this year, and about 9,000 more than I thought it might get. It's hard to think it picked up many more orders beyond those initial 10,000 after critics slaughtered the AI Pin.
One of the companies that Humane has engaged with for the sale is HP, the Times reported.
The Courts

Court Rules $17 Billion UK Advertising Lawsuit Against Google Can Go Ahead (reuters.com) 18

An anonymous reader quotes a report from Reuters: Google parent Alphabet must face a lawsuit worth up to $17.4 billion for allegedly abusing its dominance in the online advertising market, London's Competition Appeal Tribunal (CAT) ruled on Wednesday. The lawsuit, which seeks damages on behalf of publishers of websites and apps based in the United Kingdom, is the latest case to focus on the search giant's business practices. Ad Tech Collective Action is bringing the claim on behalf of publishers who say they have suffered losses due to Google's allegedly anti-competitive behavior.

Google last month urged the CAT to block the case, which it argued was incoherent. The company "strongly rejects the underlying allegations", its lawyers said in court documents. The CAT said in a written ruling that it would certify the case to proceed towards a trial, which is unlikely to take place before the end of 2025. The tribunal also emphasized the test for certifying a case under the UK's collective proceedings regime -- which is roughly equivalent to the United States' class action regime -- is relatively low.
"Google works constructively with publishers across the UK and Europe," Google legal director Oliver Bethell said in a statement. Bethell added: "This lawsuit is speculative and opportunistic. We'll oppose it vigorously and on the facts."
Businesses

A Billionaire-Backed Texas Stock Exchange Is In The Works (forbes.com) 71

Cailey Gleeson reports via Forbes: A group backed by more than two dozen investors -- including Citadel Securities and BlackRock -- is planning to start its own stock exchange in Texas, it said Wednesday, in an attempt to compete with the New York Stock Exchange and Nasdaq. The Texas Stock Exchange (TXSE) -- owned by TXSE Group Inc. and founded in 2023, per its LinkedIn -- will be a "fully electronic national securities exchange" that seeks to expand access to markets for all investors and those seeking access to public capital, according to Wednesday's press release.

The TXSE aims to have primary listings, dual listings and exchange-traded products, according to The Wall Street Journal, which first reported the news. The stock exchange has raised $120 million in capital and plans to register with the Securities and Exchange Commission later this year, according to the press release, while it will also have a physical headquarters in Dallas, and the company will employ about 100 people, The Dallas Morning News reported. It plans to start facilitating trades in 2025 and host its first listing the following year, multiple outlets reported.
The Wall Street Journal notes that past attempts at regional stock exchanges have failed, such as the Chicago Stock Exchange and Philadelphia Stock Exchange -- both of which combined with the NYSE and Nasdaq.

"The NYSE considered relocating its electronic trading systems to the Dallas-Fort Worth area in late 2020, amid a proposed financial transaction tax on stocks in New York," adds Forbes. "But the move did not go through, nor the proposed tax,."
Businesses

Nvidia Hits $3 Trillion Market Cap On Back of AI Boom (cnbc.com) 45

Nvidia has reached a market cap of $3 trillion, surpassing Apple to become the second-largest public company behind Microsoft. CNBC reports: Nvidia's milestone is the latest stunning mark in a run that has seen the stock soar more than 3,224% over the past five years. The company will split its stock 100-for-1 later this month. Apple was the first U.S. company to reach a $3 trillion market cap during intraday trading in January 2022. Microsoft hit $3 trillion in market value in January 2024. Nvidia, which was founded in 1993, passed the $2 trillion valuation in February, and it only took roughly three months from there for it to pass $3 trillion.

Nvidia's surge in recent years has been powered by the tech industry's need for its chips, which are used to develop and deploy big AI models such as the one at the heart of OpenAI's ChatGPT. Companies such as Google, Microsoft, Meta, Amazon and OpenAI are buying billions of dollars worth of Nvidia's GPUs.

The Courts

Jury Finds Boeing Stole Technology From Electric Airplane Startup Zunum 46

A federal court jury in Seattle has ruled against Boeing in a lawsuit brought by failed electric airplane startup Zunum and awarded $81 million in damages -- which the judge has the option to triple. From a report: Zunum alleged that Boeing, while ostensibly investing seed money to get the startup off the ground, stole Zunum's technology and actively undermined its attempts to build a business. It accused Boeing of "a targeted and coordinated campaign" to gain access to its "business plan, market and technological analysis, and other trade secrets and proprietary information," then using that to develop its own hybrid-electric plane design.

Zunum also accused Boeing of sabotaging its efforts to attract funding from aerospace suppliers Safran and United Technologies. The jury found that Boeing had misappropriated Zunum's trade secrets and breached its contract with the startup. It also found that Boeing's actions were "willful and malicious," which opens the door for the judge to award triple damages plus legal costs in a case that has already been running for more than four years.
AI

Yellen To Warn of 'Significant Risks' From Use of AI in Finance (reuters.com) 16

U.S. Treasury Secretary Janet Yellen will warn that the use of AI in finance could lower transaction costs, but carries "significant risks," according to excerpts from a speech to be delivered on Thursday. From a report: In the remarks to a Financial Stability Oversight Council and Brookings Institution AI conference, Yellen says AI-related risks have moved towards the top of the regulatory council's agenda.

"Specific vulnerabilities may arise from the complexity and opacity of AI models, inadequate risk management frameworks to account for AI risks and interconnections that emerge as many market participants rely on the same data and models," Yellen says in the excerpts. She also notes that concentration among the vendors that develop AI models and that provide data and cloud services may also introduce risks that could amplify existing third-party service provider risks. "And insufficient or faulty data could also perpetuate or introduce new biases in financial decision-making," according to Yellen.

Businesses

Apollo To Provide $11 Billion To Intel For Ireland Facility (reuters.com) 9

Apollo Global announced today that it will acquire a 49% equity interest in Intel's manufacturing facility in Ireland for $11 billion, in a deal expected to close in the second quarter. The deal "would allow Intel to redeploy parts of its investment in the project to other parts of its business," reports Reuters. "Intel has invested $18.4 billion in the facility till date." From the report: Apollo will acquire the stake in the Fab 34 facility in Leixlip, Ireland, the U.S. chipmaker's first high-volume location for its Intel 4 manufacturing process using extreme ultraviolet lithography machines. The company announced plans in 2022 to build chip factories in Ireland and France as it seeks to benefit from easier European Commission funding rules and subsidies as the bloc looks to cut its dependence on U.S. and Asian supply. Intel will retain full ownership and operational control of Fab 34 and its assets.
The Almighty Buck

Online Streaming Services In Canada Must Hand Over 5% of Domestic Revenues (www.cbc.ca) 94

An anonymous reader quotes a report from CBC News: Online streaming services operating in Canada will be required to contribute five percent of their Canadian revenues to support the domestic broadcasting system, the country's telecoms regulator said on Tuesday. The money will be used to boost funding for local and Indigenous broadcasting, officials from the Canadian Radio-television and Telecommunications Commission (CRTC) said in a briefing. "Today's decision will help ensure that online streaming services make meaningful contributions to Canadian and Indigenous content," wrote CRTC chief executive and chair Vicky Eatrides in a statement.

The measure was introduced under the auspices of a law passed last year designed to make sure that companies like Netflix make a more significant contribution to Canadian culture. The government says the legislation will ensure that online streaming services promote Canadian music and stories, and support Canadian jobs. Funding will also be directed to French-language content and content created by official language minority communities, as well as content created by equity-deserving groups and Canadians of diverse backgrounds. The release also said that online streaming services will "have some flexibility" to send their revenues to support Canadian television directly. [...]

The measure, which will start in the 2024-2025 broadcasting year, would raise roughly $200 million annually, CRTC officials said. It will only apply to services that are not already affiliated with Canadian broadcasters. The CMPA was among 20 screen organizations from around the world that signed a statement in January asking governments to impose stronger regulations on streaming companies operating in local markets. One of the demands was a measure that would force companies profiting from their presence in those markets to contribute financially to the creation of new local content.
"We are disappointed by today's decision and concerned by the negative impact it will have on Canadian consumers. We are assessing the decision in full, but this onerous and inflexible financial levy will be harmful to consumer choice," a spokesperson for Prime Video wrote to CBC News in a statement.
China

The Chinese Internet Is Shrinking (nytimes.com) 88

An anonymous reader shares a report: Chinese people know their country's internet is different. There is no Google, YouTube, Facebook or Twitter. They use euphemisms online to communicate the things they are not supposed to mention. When their posts and accounts are censored, they accept it with resignation. They live in a parallel online universe. They know it and even joke about it. Now they are discovering that, beneath a facade bustling with short videos, livestreaming and e-commerce, their internet -- and collective online memory -- is disappearing in chunks.

A post on WeChat on May 22 that was widely shared reported that nearly all information posted on Chinese news portals, blogs, forums, social media sites between 1995 and 2005 was no longer available. "The Chinese internet is collapsing at an accelerating pace," the headline said. Predictably, the post itself was soon censored. It's impossible to determine exactly how much and what content has disappeared. [...] In addition to disappearing content, there's a broader problem: China's internet is shrinking. There were 3.9 million websites in China in 2023, down more than a third from 5.3 million in 2017, according to the country's internet regulator.

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