The Federal Trade Commission (FTC) has a new way to combat the impersonation scams that it says cost people $1.1 billion last year alone. Effective today, the agency's rule "prohibits the impersonation of government, businesses, and their officials or agents in interstate commerce." The rule also lets the FTC directly file federal court complaints to force scammers to return money stolen by business or government impersonation. From a report: Impersonation scams are wide-ranging -- creators are on the lookout for fake podcast invites that turn into letting scammers take over their Facebook pages via a hidden "datasets" URL, while Verge reporters have been impersonated by criminals trying to steal cryptocurrency via fake Calendly meeting links.

Linus Media Group was victimized by a thief who pretended to be a potential sponsor and managed to take over three of the company's YouTube channels. Some scams can also be very intricate, as in The Cut financial columnist Charlotte Cowles' story of how she lost a shoebox holding $50,000 to an elaborate scam involving a fake Amazon business account, the FTC, and the CIA. (See also: gift card scams.) The agency is also taking public comment until April 30th on changes to the rule that would allow it to also target impersonation of individuals, such as through the use of video deepfakes or AI voice cloning. That would let it take action against, say, scams involving impersonations of Elon Musk on X or celebrities in YouTube ads. Others have used AI for more sinister fraud, such as voice clones of loved ones claiming to be kidnapped.

According to a filing with the SEC, OpenAI has removed CEO Sam Altman's ownership and control of the company's venture capital fund that backs AI startups. Reuters reports: The change, documented in the March 29 filing, came after Altman's ownership of the OpenAI Startup Fund raised eyebrows for its unusual structure--while being marketed similar to a corporate venture arm, the fund was raised by Altman from outside limited partners and he made investment decisions. OpenAI has said Altman does not have financial interest in the fund despite the ownership.

Axios first reported on the ownership change on Monday. In a statement, a spokesperson for OpenAI said the fund's initial general partner (GP) structure was a temporary arrangement, and "this change provides further clarity." The OpenAI Startup Fund is investing $175 million raised from OpenAI partners such as Microsoft, although OpenAI itself is not an investor. Control of the fund has been moved over to Ian Hathaway, a partner at the fund since 2021, according to the filing. Altman will no longer be a general partner at the fund. OpenAI said Hathaway has overseen the fund's accelerator program and led investments in such companies as Harvey, Cursor and Ambience Healthcare.

An anonymous reader shares a report: Generative AI search engine Perplexity, which claims to be a Google competitor and recently snagged a $73.6 million Series B funding from investors like Jeff Bezos, is going to start selling ads, the company told ADWEEK. Perplexity uses AI to answer users' questions, based on web sources. It incorporates videos and images in the response and even data from partners like Yelp. Perplexity also links sources in the response while suggesting related questions users might want to ask.

These related questions, which account for 40% of Perplexity's queries, are where the company will start introducing native ads, by letting brands influence these questions, said company chief business officer Dmitry Shevelenko. When a user delves deeper into a topic, the AI search engine might offer organic and brand-sponsored questions. Perplexity will launch this in the upcoming quarters, but Shevelenko declined to disclose more specifics. While Perplexity touts on its site that search should be "free from the influence of advertising-driven models," advertising was always in the cards for the company. "Advertising was always part of how we're going to build a great business," said Shevelenko.

The surge of money flooding into AI has resulted in some crypto-like hype that is obscuring the incredible scientific progress in the field, according to Sir Demis Hassabis, co-founder of DeepMind. From a report: The chief executive of Google's AI research division told the Financial Times that the billions of dollars being poured into generative AI start-ups and products "brings with it a whole attendant bunch of hype and maybe some grifting and some other things that you see in other hyped-up areas, crypto or whatever."

"Some of that has now spilled over into AI, which I think is a bit unfortunate. And it clouds the science and the research, which is phenomenal," he added. "In a way, AI's not hyped enough but in some senses it's too hyped. We're talking about all sorts of things that are just not real." The launch of OpenAI's ChatGPT chatbot in November 2022 sparked an investor frenzy as start-ups raced to develop and deploy generative AI and attract venture capital funding. VC groups invested $42.5bn in 2,500 AI start-up equity rounds last year, according to market analysts CB Insights. Public market investors have also rushed into the so-called Magnificent Seven technology companies, including Microsoft, Alphabet and Nvidia, that are spearheading the AI revolution. Their rise has helped to propel global stock markets to their strongest first-quarter performance in five years.

Last Monday shares of Reddit's stock soared 30%, reports CNBC — and then another 8.8% on Tuesday.

But the moves happened "even after New Street Research issued a neutral rating on the company" — and by the end of the week, CNBC was reporting that "Reddit shares are plummeting..." Shares closed at $49.32, ending the week below their closing price on Reddit's first day of trading on the New York Stock Exchange [on March 21st, when they closed at $50.44 ]... Stock markets are closed on Good Friday.

Reddit shares began their downward spiral on Wednesday, when they sank about 11% to $57.75 at market close. That day, Hedgeye Risk Management described Reddit's stock as "grossly overvalued" in a report cited by Bloomberg News, adding the company was on the firm's "short bench."
The article notes Reddit's CEO sold 500,000 shares in the company — nearly 40% of his holdings — which Ben Silverman, vice president of research at Verity, told CNBC was expected — while Reddit's COO sold another 514,000 shares.

"There's always a bit of a disconnect," Silverman said in the interview, because bringing a company public "is not just to generate liquidity for the company itself so that it can expand and grow. In these situations, it often allows insiders to cash out to generate liquidity.

"And that's something investors have to consider here. If the prospects are so bright, why are insiders selling?"

"Subscribers of both Disney+ and Hulu can now access Hulu content through the Disney+ app," reports the Los Angeles Times, "as the Burbank media and entertainment giant launched its one-app integration of the two streaming services Wednesday..." The move is part of Disney's plan to increase viewer engagement and reduce churn on Disney+, which has 111.3 million subscribers globally. Disney has lost billions on its direct-to-consumer business as it tries to compete with Netflix, but the company has told investors that its streaming segment will begin to turn a profit by the end of fiscal 2024. Streaming losses have been a key component of a nasty activist shareholder campaign ahead of next week's annual meeting.

Disney+ has typically served up family-friendly content and major brands such as Pixar, Star Wars and Marvel, whereas Hulu's offering has been the streaming home of more adult-oriented programming. Disney executives described the combined app experience as the most extensive technical advancement to the Disney+ streaming platform since it launched in November 2019... The price of the bundle plan starts at $9.99 with ads... Upgrading to the bundle of Hulu on Disney+ will start at $2 more per month, Disney said.

As a department of America's federal Health agency, the Food and Drug Administration is responsible for public health rules, including prescription medicines. And the FDA "has not changed its position that currently available clinical trial data do not demonstrate that ivermectin is effective against COVID-19," they confirmed to CNN this week. "The agency has not authorized or approved ivermectin for use in preventing or treating COVID-19."

But there was also a lawsuit. In "one of its more popular pandemic-era social media campaigns," the agency tweeted out "You are not a horse. You are not a cow. Seriously, y'all. Stop it." The post attracted nearly 106,000 likes — and over 46,000 reposts, and was followed by another post on Instagram. "Stop it with the #ivermectin. It's not authorized for treating #COVID."

Los Angeles Times business columnist Michael Hiltzik writes that the posts triggered a "groundless" lawsuit: It was those latter two lines that exercised three physicians who had been prescribing ivermectin for patients. They sued the FDA in 2022, asserting that its advisory illegally interfered with the practice of medicine — specifically with their ability to continue prescribing the drug. A federal judge in Texas threw out their case, but the 5th Circuit Court of Appeals — the source of a series of chuckleheaded antigovernment rulings in recent years — reinstated it last year, returning it to the original judge for reconsideration.

Now the FDA has settled the case by agreeing to delete the horse post and two similar posts from its accounts on the social media platforms X, LinkedIn and Facebook. The agency also agreed to retire a consumer advisory titled "Why You Should Not Use Ivermectin to Treat or Prevent COVID-19." In defending its decision, the FDA said it "has chosen to resolve this lawsuit rather than continuing to litigate over statements that are between two and nearly four years old."

That sounds reasonable enough, but it's a major blunder. It leaves on the books the 5th Circuit's adverse ruling, in which a panel of three judges found that the FDA's advisory crossed the line from informing consumers, which they said is all right, to recommending that consumers take some action, which they said is not all right... That's a misinterpretation of the law and the FDA's actions, according to Dorit Rubinstein Reiss of UC College of the Law in San Francisco. "The FDA will seek to make recommendations against the misuse of products in the future, and having that decision on the books will be used to litigate against it," she observed after the settlement.
"A survey by Boston University and the University of Michigan estimated that Medicare and private insurers had wasted $130 million on ivermectin prescriptions for COVID in 2021 alone."

A CNN opinion piece looks at "the moaning about manual transmission's demise," noting that "it's not just Europeans (literally) clinging on. In the U.S., there's apparently a young (also predominantly male) demographic that is embracing manual driving — championing it as retro, much like Gen Z's affinity to typewriters and vintage cameras.

"They feel there's something authentic about it: a connection between driver and vehicle that automatization cuts out." But CNN's writer argues the case against stick shifts... [Automatic vehicles] chalk up better mileage and drive faster than their stick-shift counterparts. The explanation: automatics select the right gear for the vehicle, usually the highest gear possible. The average manual driver is not always so proficient. In getting the gear right, automatics consume less fuel, save money and emit fewer emissions.

These are among the reasons why it's ever harder to buy a new manual-transmission model of any kind in many countries. In the US, less than 1% of new models have stick shifts (compared to 35% in 1980), according to the Environmental Protection Agency. It's really only sports cars, off-road truck SUVs and a handful of small pickups that still have clutches.... While all gasoline-run cars and trucks are climate killers with stick shifts being the slightly worse of two evils, combustion-engine automatics themselves are on their way out. They are tooling along the highway side-by-side with their stick-and-clutch counterparts toward the junkyard of history. Electric vehicles have gear systems, too: a single speed transmission that transmits energy from the motor to the wheels. But because only one gear exists, there is no switching of gears, neither automatically nor manually...

Road transportation accounts for 15% of the world's greenhouse gas emissions, according to Our World Data, as well as being a huge contributor to the air pollution that claims around nine million deaths a year from respiratory and lung diseases. Transportation noise, though less deadly, also contributes to stress and sleep disorders. Thankfully, there's a convenient way to circumvent these blights: electric vehicles...

But for those aficionados who really can't go without a clutch and gear shifter, Toyota is planning a realistic-feeling fake manual transmission for some EV models. It serves no purpose whatsoever — save to comfort bruised egos.

In 2018 the U.S. Supreme Court overturned the outlawing of sports betting in America.

But the Wall Street Journal reports that since then all the major professional sports bodies "now realize just how much they have to lose as the new era unfolds." "All it takes is for a reasonable fan to go, 'Am I just watching theater, or is this actually sport?' for the credibility of a sport to start crumbling,'" said Declan Hill, an expert on match fixing at the University of New Haven.

Since the prohibition on sports gambling was lifted, leagues that had once viewed betting as an existential threat to their integrity scrambled to partner with gambling companies and brought them into the tent.... The NBA itself also announced a new feature designed to mesh the betting experience with live action: Fans watching games on League Pass, the flagship streaming platform, would be able to opt in to view betting odds on the app's interface and click through to place wagers... Cleveland Cavaliers head coach J.B. Bickerstaff said that gambling had "gone too far... I personally have had my own instances with some of the sports gamblers," he added, "where they got my telephone number, were sending me crazy messages about where I live, and my kids and all that stuff."

NBA spokesman Mike Bass said that instances of reported harassment related to sports betting are investigated. Then, just days after Haliburton and Bickerstaff's complaints, the NBA found itself grappling with a new case... The league is investigating suspicious activity around [Toronto Raptors forward Jontay] Porter, after app users placed sizable wagers that his totals for points, rebounds and assists in a pair of games would all come in under the lines set by oddsmakers. When Porter's numbers fell below those marks and the bets paid out, it raised a red flag signaling possible irregularities....

The NCAA has turned to state legislatures to impose regulations that would take single players out of gamblers' crosshairs. The group is lobbying to ban player-specific proposition bets that aren't directly related to the final score of the game — the exact kind of wagers at the center of the Porter situation in the NBA
After noticing "the gambling-related negativity taking over his social-media feeds," pro basketball player Tyrese Haliburton gave the Journal his own assessment of how it's affecting the fan base.

"To half the world, I'm just helping them make money on DraftKings."

Thanks to long-time Slashdot reader schwit1 for sharing the article.

A Linux Foundation subsidiary has developed a free and open-source 3D game engine distributed under the Apache license. And last week the Open 3D Foundation announced "a big step forward, showcasing the power of open-source technologies in giving gamers around the globe unforgettable gaming experiences."

"We are proud to unveil MadWorld as the first mobile title powered by O3DE," said Joe Bryant, Executive Director of the Open 3D Foundation, "demonstrating the large potential of open-source technologies in game development."

And then this week Los Angeles Business Journal reported that El Segundo-based gaming studio Carbonated Inc. "has raised $11 million of series A funding to finance the development and release of its debut game title... Prior to its most recent round, Carbonated closed an $8.5 million seed funding round in 2020, which also included participation from Andreessen and Bitkraft." Since its founding [in 2015], the company has been focusing on research and development for its upcoming first title, called "MadWorld." The third-person, multiplayer shooter game is set in a post-apocalyptic world and features both player-versus-player and player-versus-environment features. Players of the game will battle for land control in a dystopian setting. Using a combination of open-source mapping tools and Carbonated's proprietary custom operations technology, called Carbyne, the game's world is designed around real-life cities and locations. Players are initially dropped into the game's version of their own real-time location.

The game allows players to optionally engage using blockchain technology with a digital asset-ownership layer powered by a blockchain network called XPLA.
Earlier this month Madworld "opened up for Early Access registration," reports the egamers web site, arguing that the game "is set to redefine the gaming landscape and will make its public debut later this year." After a catastrophic event named "The Collapse," MadWorld takes place in a desolate Earth where players engage in a battle for survival, highlighting the game's unique setting and immersive experience. The game's world is intricately designed with 250,000 land plots mapped out on a hexagonal grid, each presenting unique resources and strategic benefits. This innovative approach to game design enhances the gameplay experience and introduces a new layer of strategy and competition.

MadWorld's gameplay is centered around integrating Web3 technologies, which allows for the ownership, enhancement, and trading of tokenized representations of real-world locations. This feature encourages players to create clans and work together or compete for essential resources that are spread across the vast game world. Clans can acquire these resources by paying tributes to NFT landowners using "Rounds," the in-game currency. This mechanism not only fosters a sense of community and teamwork but also creates unique economic opportunities within the game by blending traditional gaming elements with the emerging field of digital assets.
"With its use of O3DE, Carbonated can enhance the game's visual fidelity, performance, and scalability," according to the Linux Foundation's announcement, "in order to deliver a fast-paced adventure on mobile platforms." O3DE is an open-source game engine developed by a collaborative community of industry experts. It includes state-of-the-art rendering capabilities, dynamic lighting, and realistic physics simulation. These features have enabled Carbonated to build realistic dystopian environments and create action-packed gameplay in MadWorld.
According to its official site, MadWorld "is set to be released to the public sometime in 2024 and is currently being tested on iOS and Android operating systems."

Carbonated's CEO Travis Boatman made this prediction to the site Decrypt. "We think mobile is where the breakout will happen for Web3."

An anonymous reader quotes a report from Ars Technica: NYC's "MyCity" ChatBot was rolled out as a "pilot" program last October. The announcement touted the ChatBot as a way for business owners to "save ... time and money by instantly providing them with actionable and trusted information from more than 2,000 NYC Business web pages and articles on topics such as compliance with codes and regulations, available business incentives, and best practices to avoid violations and fines." But a new report from The Markup and local nonprofit news site The City found the MyCity chatbot giving dangerously wrong information about some pretty basic city policies. To cite just one example, the bot said that NYC buildings "are not required to accept Section 8 vouchers," when an NYC government info page says clearly that Section 8 housing subsidies are one of many lawful sources of income that landlords are required to accept without discrimination. The Markup also received incorrect information in response to chatbot queries regarding worker pay and work hour regulations, as well as industry-specific information like funeral home pricing. Further testing from BlueSky user Kathryn Tewson shows the MyCity chatbot giving some dangerously wrong answers regarding treatment of workplace whistleblowers, as well as some hilariously bad answers regarding the need to pay rent.

MyCity's Microsoft Azure-powered chatbot uses a complex process of statistical associations across millions of tokens to essentially guess at the most likely next word in any given sequence, without any real understanding of the underlying information being conveyed. That can cause problems when a single factual answer to a question might not be reflected precisely in the training data. In fact, The Markup said that at least one of its tests resulted in the correct answer on the same query about accepting Section 8 housing vouchers (even as "ten separate Markup staffers" got the incorrect answer when repeating the same question). The MyCity Chatbot -- which is prominently labeled as a "Beta" product -- does tell users who bother to read the warnings that it "may occasionally produce incorrect, harmful or biased content" and that users should "not rely on its responses as a substitute for professional advice." But the page also states front and center that it is "trained to provide you official NYC Business information" and is being sold as a way "to help business owners navigate government." NYC Office of Technology and Innovation Spokesperson Leslie Brown told The Markup that the bot "has already provided thousands of people with timely, accurate answers" and that "we will continue to focus on upgrading this tool so that we can better support small businesses across the city."

According to The Information (paywalled), Microsoft and OpenAI are planning a $100 billion datacenter project that will include an artificial intelligence supercomputer called "Stargate." Reuters reports: The Information reported that Microsoft would likely be responsible for financing the project, which would be 100 times more costly than some of the biggest current data centers, citing people involved in private conversations about the proposal. OpenAI's next major AI upgrade is expected to land by early next year, the report said, adding that Microsoft executives are looking to launch Stargate as soon as 2028. The proposed U.S.-based supercomputer would be the biggest in a series of installations the companies are looking to build over the next six years, the report added.

The Information attributed the tentative cost of $100 billion to a person who spoke to OpenAI CEO Sam Altman about it and a person who has viewed some of Microsoft's initial cost estimates. It did not identify those sources. Altman and Microsoft employees have spread supercomputers across five phases, with Stargate as the fifth phase. Microsoft is working on a smaller, fourth-phase supercomputer for OpenAI that it aims to launch around 2026, according to the report. Microsoft and OpenAI are in the middle of the third phase of the five-phase plan, with much of the cost of the next two phases involving procuring the AI chips that are needed, the report said. The proposed efforts could cost in excess of $115 billion, more than three times what Microsoft spent last year on capital expenditures for servers, buildings and other equipment, the report stated.

Anton Shilov reports via Tom's Hardware: About half of the processors packaged in Russia are defective. This has prompted Baikal Electronics, a Russian processor developer, to expand the number of packaging partners in the country, according to a report in Vedomosti, a Russian-language business daily newspaper published in Moscow (hat tip to Cnews). In addition to GS Group based in Kaliningrad, the company will now use Milandr and Mikron, which are based in Zelenograd, a town near Moscow. What remains unclear is which foundry initially produces the chips for Baikal. [...]

There are no contract chipmakers in Russia that can process wafers on 28nm-class fabrication technologies, so Baikal is likely using a Chinese foundry to make its processors. Since 2021, the company has been experimenting with localizing chip packaging at GS Group in Kaliningrad. But transitioning to local packaging has not been smooth. The process is intricate and costly, leading to a high rate of defects. According to industry insiders, more than half of the chip batches end up being defective due to issues with equipment calibration and the lack of skilled personnel. It turns out that GS Group cannot fulfill the demands of Baikal, which has now tapped Milandr and Mikron to assist with chip packaging. Apparently, it hasn't helped much. "More than half of the chip batches turn out to be defective," a source familiar with the matter told Vedomosti. "The reasons lie in both the equipment of the enterprises, which needs to be properly configured, and the insufficient competencies of the people involved in chip packaging."

"Russia can package a small number of processors, but when it comes to a series, a lot of defects appear," explained one of the newspaper's sources. "Manufacturers cannot maintain a consistently high level across all products."

When a long-term memory forms, some brain cells experience a rush of electrical activity so strong that it snaps their DNA. Then, an inflammatory response kicks in, repairing this damage and helping to cement the memory, a study in mice shows. Nature: The findings, published on 27 March in Nature, are "extremely exciting," says Li-Huei Tsai, a neurobiologist at the Massachusetts Institute of Technology in Cambridge who was not involved in the work. They contribute to the picture that forming memories is a "risky business," she says. Normally, breaks in both strands of the double helix DNA molecule are associated with diseases including cancer. But in this case, the DNA damage-and-repair cycle offers one explanation for how memories might form and last.

It also suggests a tantalizing possibility: this cycle might be faulty in people with neurodegenerative diseases such as Alzheimer's, causing a build-up of errors in a neuron's DNA, says study co-author Jelena Radulovic, a neuroscientist at the Albert Einstein College of Medicine in New York City. [...] To better understand the part these DNA breaks play in memory formation, Radulovic and her colleagues trained mice to associate a small electrical shock with a new environment, so that when the animals were once again put into that environment, they would 'remember' the experience and show signs of fear, such as freezing in place. Then the researchers examined gene activity in neurons in a brain area key to memory -- the hippocampus. They found that some genes responsible for inflammation were active in a set of neurons four days after training. Three weeks after training, the same genes were much less active.

Former U.S. Treasury Secretary Larry Summers, now on the board of ChatGPT developer OpenAI, believes that while AI has the potential to revolutionize the economy, its impact will take time to materialize. However, Summers maintains that AI could be the biggest economic development since the Industrial Revolution, eventually replacing most forms of human labor, particularly cognitive tasks. He said: "If one takes a view over the next generation, this could be the biggest thing that has happened in economic history since the Industrial Revolution,"he added. "This offers the prospect of not replacing some forms of human labor, but almost all forms of human labor."

From building homes to making medical diagnoses, Summers predicted that AI will eventually be able to do nearly every human job, particularly white collar workers' "cognitive labor."

An anonymous reader shares a report: Mutterings of alarm are emerging from the cloisters of Red Hat after the world's largest management consultancy was hired to help the IBM subsidiary focus engineers on their highest-value work. Red Hat confirmed the partnership with McKinsey & Company to The Reg, sharing this extract from an email from CTO Chris Wright to the Global Engineering Team:

"Hey everyone -- as I mentioned during the recent Q1 All Hands, my goal is to have Global Engineering recognized as the world's greatest open-source software engineering organization. This team is already doing amazing work, and we have several initiatives in progress to help us achieve the goal I've set. One of those is a partnership with McKinsey. The objective of this project is to help us understand and incorporate learnings on working models, development practices, and tooling from across the software industry.

"We've heard your feedback in person, during All Hands, and through RHAS [the annual Red Hat Associate Survey]. This project will help us to identify and remove mundane tasks that drain your energy so that you can focus on the most engaging and highest value work â" to make your job better. The work with McKinsey is one piece of the overall plan to help us become the world's greatest open-source software engineering organization"

The Palisades Nuclear Plant in Michigan has won a $1.5 billion conditional federal loan to reopen after being closed for decommissioning in 2022. Canary Media reports: If the loan is granted (subject to Holtec meeting closing conditions) and the 800-megawatt reactor located on Lake Michigan is repowered, it would be the first nuclear plant in the U.S. to reopen after being closed for decommissioning. Surprisingly, it would be just the second or third reactor to restart in the history of global civil nuclear power, according to Mycle Schneider, lead author of the World Nuclear Industry Status Report 2023, in an interview with Bulletin of the Atomic Scientists.

Holtec purchased Palisades a month after it shut down with plans to mothball the site, but plans changed. Now the firm, which specializes in nuclear waste management and decommissioning (as opposed to rebuilding and operating nuclear plants), intends to revive the plant instead. Holtec plans to get the power plant restarted by the end of 2025, a breathtakingly aspirational target given nuclear's history of missing construction and cost targets. The Palisades plant was closed by utility Entergy in May 2022 due to financial issues after operating for more than a half-century. And while the plant had a strong operational performance record in recent years, it also has a sobering history of shutdowns due to failures of critical equipment, as well as broken fuel rods and fuel-spill incidents. The site was shut down for the final time a few days ahead of schedule due to concerns about the reliability of a key piece of equipment.

When it was operating at its peak, the plant provided more than 600 high-paying jobs, many unionized. If restarted, the plant could drive up to $363 million in regional economic impact, according to Michigan Governor Gretchen Whitmer, a Democrat. That's why Whitmer and a bipartisan coalition of lawmakers back resurrecting the retired reactor. Local business owners and residents are "largely supportive" of the plan as well, according to local news site MLive. The state's 2024 budget devotes $150 million to the project. Still, the revival of the dormant Palisades faces its share of headwinds.

An anonymous reader quotes a report from Gizmodo: Do you remember Facebook Watch? Me neither. Mark Zuckerberg's short-lived streaming service never really got off the ground, but court filings unsealed in Meta's antitrust lawsuit claim "Watch" was kneecapped starting in 2018 to protect Zuckerberg's advertising relationship with Netflix CEO Reed Hastings. "For nearly a decade, Netflix and Facebook enjoyed a special relationship," said plaintiffs in filings (PDF) made public on Saturday. "It is no great mystery how this close partnership developed, and who was its steward: from 2011-2019, Netflix's then-CEO Hastings sat on Facebook's board and personally directed the companies' relationship"

The filings detail Hastings' uncomfortably close relationship with Meta's upper management, including Zuckerberg and Sheryl Sandberg. During these years, Netflix was allegedly granted special access to Facebook users' private message inboxes, among other privileged analytics tools, in exchange for hundred-million-dollar advertising deals. This gave Facebook greater dominance in its all-important ad division, plaintiffs allege, so the company was fine to retreat from Netflix's streaming territory by shuttering Watch. In 2017, Facebook Watch began signing deals to populate its streaming service with original TV Shows from movie stars such as Bill Murray. A year later, the service attempted to license the popular '90s TV show Dawson's Creek. Facebook Watch had meaningful reach on the home screen of the social media platform, and an impressive budget as well. Facebook and Netflix appeared ready to butt heads in the streaming world, and the Netflix cofounder found himself in the middle as a Facebook board member. [...]

Netflix was a large advertiser to Facebook, and plaintiffs allege Zuckerberg shuttered its promising Watch platform for the sake of the greater advertising business. Zuckerberg personally emailed the head of Facebook Watch in May of 2018, Fidji Simo, to tell her their budget was being slashed by $750 million, just two years after Watch's launch, according to court filings. The sudden pivot meant Facebook was now dismantling the streaming business it had spent the last two years growing. During this time period, Netflix increased its ad spend on Facebook to roughly $150 million a year and allegedly entered into agreements for increased data analytics. By early 2019, the ad spend increased to roughly $200 million a year. Hastings left Facebook's board later in 2019.
UPDATE: Meta (Again) Denies Netflix Read Facebook Users' Private Messenger Messages.

Steven J. Vaughan-Nichols, writing for ComputerWorld: Essentially, all software is built using open source. By Synopsys' count, 96% of all codebases contain open-source software. Lately, though, there's been a very disturbing trend. A company will make its program using open source, make millions from it, and then -- and only then -- switch licenses, leaving their contributors, customers, and partners in the lurch as they try to grab billions. I'm sick of it. The latest IT melodrama baddie is Redis. Its program, which goes by the same name, is an extremely popular in-memory database. (Unless you're a developer, chances are you've never heard of it.) One recent valuation shows Redis to be worth about $2 billion -- even without an AI play! That, anyone can understand.

What did it do? To quote Redis: "Beginning today, all future versions of Redis will be released with source-available licenses. Starting with Redis 7.4, Redis will be dual-licensed under the Redis Source Available License (RSALv2) and Server Side Public License (SSPLv1). Consequently, Redis will no longer be distributed under the three-clause Berkeley Software Distribution (BSD)." For those of you who aren't open-source licensing experts, this means developers can no longer use Redis' code. Sure, they can look at it, but they can't export, borrow from, or touch it.

Redis pulled this same kind of trick in 2018 with some of its subsidiary code. Now it's done so with the company's crown jewels. Redis is far from the only company to make such a move. Last year, HashiCorp dumped its main program Terraform's Mozilla Public License (MPL) for the Business Source License (BSL) 1.1. Here, the name of the new license game is to prevent anyone from competing with Terraform. Would it surprise you to learn that not long after this, HashiCorp started shopping itself around for a buyer? Before this latest round of license changes, MongoDB and Elastic made similar shifts. Again, you might never have heard of these companies or their programs, but each is worth, at a minimum, hundreds of millions of dollars. And, while you might not know it, if your company uses cloud services behind the scenes, chances are you're using one or more of their programs,

Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years [non-paywalled link] in prison for a massive fraud that unraveled with the collapse of FTX, once one of the world's most popular platforms for exchanging digital currency. From a report: Bankman-Fried, 32, was convicted in November of fraud and conspiracy -- a dramatic fall from a crest of success. U.S. District Judge Lewis A. Kaplan imposed the sentence in the same Manhattan courtroom where, four months ago, Bankman-Fried testified that his intention had been to revolutionize the emerging cryptocurrency market with his innovative and altruistic ideas, not to steal.

Kaplan said the sentence reflected "that there is a risk that this man will be in position to do something very bad in the future. And it's not a trivial risk at all." He added that it was "for the purpose of disabling him to the extent that can appropriately be done for a significant period of time." Prior to sentencing, Bankman-Fried had said, "My useful life is probably over. It's been over for a while now, from before my arrest."