AI

OpenAI's Bot Crushes Seven-Person Company's Website 'Like a DDoS Attack' 78

An anonymous reader quotes a report from TechCrunch: On Saturday, Triplegangers CEO Oleksandr Tomchuk was alerted that his company's e-commerce site was down. It looked to be some kind of distributed denial-of-service attack. He soon discovered the culprit was a bot from OpenAI that was relentlessly attempting to scrape his entire, enormous site. "We have over 65,000 products, each product has a page," Tomchuk told TechCrunch. "Each page has at least three photos." OpenAI was sending "tens of thousands" of server requests trying to download all of it, hundreds of thousands of photos, along with their detailed descriptions. "OpenAI used 600 IPs to scrape data, and we are still analyzing logs from last week, perhaps it's way more," he said of the IP addresses the bot used to attempt to consume his site. "Their crawlers were crushing our site," he said "It was basically a DDoS attack."

Triplegangers' website is its business. The seven-employee company has spent over a decade assembling what it calls the largest database of "human digital doubles" on the web, meaning 3D image files scanned from actual human models. It sells the 3D object files, as well as photos -- everything from hands to hair, skin, and full bodies -- to 3D artists, video game makers, anyone who needs to digitally recreate authentic human characteristics. [...] To add insult to injury, not only was Triplegangers knocked offline by OpenAI's bot during U.S. business hours, but Tomchuk expects a jacked-up AWS bill thanks to all of the CPU and downloading activity from the bot.
Triplegangers initially lacked a properly configured robots.txt file, which allowed the bot to freely scrape its site since the system interprets the absence of such a file as permission. It's not an opt-in system.

Once the file was updated with specific tags to block OpenAI's bot, along with additional defenses like Cloudflare, the scraping stopped. However, robots.txt is not foolproof since compliance by AI companies is voluntary, leaving the burden on website owners to monitor and block unauthorized access proactively. "[Tomchuk] wants other small online business to know that the only way to discover if an AI bot is taking a website's copyrighted belongings is to actively look," reports TechCrunch.
Youtube

YouTubers Are Selling Their Unused Video Footage To AI Companies (bloomberg.com) 17

An anonymous reader shares a report: YouTubers and other digital content creators are selling their unused video footage to AI companies seeking exclusive videos to better train their AI algorithms, oftentimes netting thousands of dollars per deal. OpenAI, Alphabet's Google, AI media company Moonvalley and several other AI companies are collectively paying hundreds of content creators for access to their unpublished videos, according to people familiar with the negotiations.

That content, which hasn't been posted elsewhere online, is considered valuable for training artificial intelligence systems since it's unique. AI companies are currently paying between $1 and $4 per minute of footage, the people said, with prices increasing depending on video quality or format. Videos that are shot in 4K, for example, go for a higher price, as does non-traditional footage like videos captured from drones or using 3D animations. Most footage, such as unused video created for networks like YouTube, Instagram and TikTok, is selling for somewhere between $1 and $2 per minute.

The Almighty Buck

India's Payments Push is Cutting Out Visa and Mastercard (techcrunch.com) 42

India's homegrown digital payments ecosystem, anchored by two systems, is challenging Visa and Mastercard's dominance in the world's most populous nation. The backbone is UPI, a nine-year-old bank-to-bank payment network that processes over 13 billion monthly transactions through QR codes and phone numbers, accounting for 71% of all transactions and 36% of consumer spending, according to Bernstein.

RuPay, India's domestic card network, has leveraged its exclusive right to process credit card transactions through UPI to double its volume to $7.43 billion in fiscal 2025's first seven months. It now represents 28% of credit card transactions, up from 10% last year. Small merchants are adopting the system as RuPay only charges fees on transactions above $23.3. India's central bank has also mandated banks let customers choose their card network, ending exclusive deals with global providers.
AI

Nvidia's Huang Says That IT Will 'Become the HR of AI Agents' 31

Nvidia CEO Jensen Huang says IT departments will evolve into human resources managers for AI agents, as companies adopt AI tools across their operations. "In a lot of ways, the IT department of every company is going to be the HR department of AI agents in the future," Huang told the Consumer Electronics Show in Las Vegas this week. From a report: He believes that in the not so near future IT teams will be tasked with onboarding these agents and ensuring they're kept in line, similarly to how HR teams manage employees. They may need to be trained to use certain vocabulary that's unique to the company, or be given examples of the kind of product the team is looking to develop, or briefed on company culture policies. Instead of just fixing servers and resetting passwords, IT professionals will soon be supervising fleets of digital workers.
United Kingdom

Boxed Video Game Sales Collapse in UK as Digital Revenues Flatten (theguardian.com) 32

An anonymous reader shares a report: As music sales and streaming revenue reaches a high of $3 billion -- the highest since 2001, not accounting for significant inflation -- the UK video game market, which has grown almost continually for decades, has shrunk by 4.4%. The most significant decline was in boxed video game sales, down 35%.

Data from Digital Entertainment and Retail Association (ERA) puts the total worth of the UK video game market in 2024 at $5.7 billion, double the music market and behind TV and movies at $6.2 billion. The numbers show a shift in players' purchasing habits that has been ongoing for years, from physical games to digital downloads and in-game purchases in popular, established games such as Fortnite and Roblox. Boxed games now account for 27.7% of new game sales in the UK, according to ERA data.

Sony

Crunchyroll Is Getting (Back) Into the Manga App Game (gizmodo.com) 4

Sony-owned anime streaming service Crunchyroll plans to launch a manga reading app in 2025, its second attempt at entering the digital manga market after shuttering a similar service in 2023. The new app, Crunchyroll Manga, will be available initially in the United States and Canada in English, as a premium add-on for subscribers.

The move comes amid broader changes at Crunchyroll, including its recent decision to put popular anime series "One Piece" behind a paywall and Sony's pending merger with publisher Kadokawa.
IT

HDMI 2.2 Debuts, With an 'Ultra96' Cable For Tomorrow's Displays (pcworld.com) 51

The HDMI Forum has announced HDMI 2.2, doubling data bandwidth to 96Gbps through new "Ultra96" cables while maintaining compatibility with existing connectors. The specification, scheduled for release to industry adopters in first-half 2025, promises higher resolutions and refresh rates, including 4K at 480Hz and 8K at 240Hz.

A new Latency Indication Protocol aims to improve audio-video synchronization in multi-device setups. The Forum emphasized applications in AR/VR, medical imaging, and digital signage. Implementation requires both new Ultra96-certified cables and compatible devices, with anti-counterfeit measures included in packaging.
Open Source

New York Times Recognizes Open-Source Maintainers With 2024 'Good Tech' Award (thestar.com.my) 7

This week New York Times technology columnist Kevin Roose published his annual "Good Tech" awards to "shine the spotlight on a few tech projects that I think contributed positively to humanity."

And high on the list is "Andres Freund, and every open-source software maintainer saving us from doom." The most fun column I wrote this past year was about a Microsoft database engineer, Andres Freund, who got some odd errors while doing routine maintenance on an obscure open-source software package called xz Utils. While investigating, Freund inadvertently discovered a huge security vulnerability in the Linux operating system, which could have allowed a hacker to take control of hundreds of millions of computers and bring the world to its knees.

It turns out that much of our digital infrastructure rests on similar acts of nerdy heroism. After writing about Freund's discovery, I received tips about other near disasters involving open-source software projects, many of which were averted by sharp-eyed volunteers catching bugs and fixing critical code just in time to foil the bad guys. I could not write about them all, but this award is to say: I see you, open-source maintainers, and I thank you for your service.

Roose also acknowledges the NASA engineers who kept Voyager 1 transmitting back to earth from interstellar space — and Bluesky, "for making my social media feeds interesting again."

Roose also notes it was a big year for AI. There's a shout-out to Epoch AI, a small nonprofit research group in Spain, "for giving us reliable data on the AI boom." ("The firm maintains public databases of AI models and AI hardware, and publishes research on AI trends, including an influential report last year about whether AI models can continue to grow at their current pace. Epoch AI concluded they most likely could until 2030.") And there's also a shout-out to groups "pushing AI forward" and positive uses "to improve health care, identify new drugs and treatments for debilitating diseases and accelerate important scientific research."
  • The nonprofit Arc Institute released Evo, an AI model that "can predict and generate genomic sequences, using technology similar to the kind that allows systems like ChatGPT to predict the next words in a sequence."
  • A Harvard University lab led by Dr. Jeffrey Lichtman teamed with researchers from Google for "the most detailed map of a human brain sample ever created. The team used AI to map more than 150 million synapses in a tiny sample of brain tissue at nanometer-level resolution..."
  • Researchers at Stanford and McMaster universities developed SyntheMol, "a generative AI model that can design new antibiotics from scratch."

Transportation

Man Trapped in Circling Waymo on Way to Airport (cbsnews.com) 137

It "felt like a Disneyland ride," reports CBS News. A man took a Waymo takes to the airport — only to discover the car "wouldn't stop driving around a parking lot in circles." And because the car was in motion, he also couldn't get out.

Still stuck in the car, Michael Johns — a tech-industry worker — then phoned Waymo for help. ("Has this been hacked? What's going on? I feel like I'm in the movies. Is somebody playing a joke on me?") But he also filmed the incident... "Why is this thing going in a circle? I'm getting dizzy," Johns said in a video posted on social media that has since gone viral, garnering more than two million views and interactions....

The Waymo representative was finally able to get the car under control after a few minutes, allowing him to get to the airport just in time to catch his flight back to LA. He says that the lack of empathy from the representative who attempted to help him, on top of the point that he's unsure if he was talking to a human or AI, are major concerns. "Where's the empathy? Where's the human connection to this?" Johns said while speaking with CBS News Los Angeles. "It's just, again, a case of today's digital world. A half-baked product and nobody meeting the customer, the consumers, in the middle."

Johns, who ironically works in the tech industry himself, says he would love to see services like Waymo succeed, but he has no plans to hop in for a ride until he's sure that the kinks have been fixed. In the meantime, he's still waiting for someone from Waymo to contact him in regards to his concerns, which hasn't yet happened despite how much attention his video has attracted since last week.

"My Monday was fine till i got into one of Waymo 's 'humanless' cars," he posted on LinkedIn . "I get in, buckle up ( safety first) and the saga begins.... [T]he car just went around in circles, eight circles at that..."

A Waymo spokesperson admitted they'd added about five minutes to his travel time, but then "said the software glitch had since been resolved," reports the Los Angeles Times, "and that Johns was not charged for the ride."

One final irony? According to his LinkedIn profile, Johns is a CES Innovations Awards judge.
China

Are US Computer Networks A 'Key Battlefield' in any Future Conflict with China? (msn.com) 72

In a potential U.S.-China conflict, cyberattackers are military weapons. That's the thrust of a new article from the Wall Street Journal: The message from President Biden's national security adviser was startling. Chinese hackers had gained the ability to shut down dozens of U.S. ports, power grids and other infrastructure targets at will, Jake Sullivan told telecommunications and technology executives at a secret meeting at the White House in the fall of 2023, according to people familiar with it. The attack could threaten lives, and the government needed the companies' help to root out the intruders.

What no one at the briefing knew, including Sullivan: China's hackers were already working their way deep inside U.S. telecom networks, too. The two massive hacking operations have upended the West's understanding of what Beijing wants, while revealing the astonishing skill level and stealth of its keyboard warriors — once seen as the cyber equivalent of noisy, drunken burglars. China's hackers were once thought to be interested chiefly in business secrets and huge sets of private consumer data. But the latest hacks make clear they are now soldiers on the front lines of potential geopolitical conflict between the U.S. and China, in which cyberwarfare tools are expected to be powerful weapons. U.S. computer networks are a "key battlefield in any future conflict" with China, said Brandon Wales, a former top U.S. cybersecurity official at the Department of Homeland Security, who closely tracked China's hacking operations against American infrastructure. He said prepositioning and intelligence collection by the hackers "are designed to ensure they prevail by keeping the U.S. from projecting power, and inducing chaos at home."

As China increasingly threatens Taiwan, working toward what Western intelligence officials see as a target of being ready to invade by 2027, the U.S. could be pulled into the fray as the island's most important backer... Top U.S. officials in both parties have warned that China is the greatest danger to American security.

In the infrastructure attacks, which began at least as early as 2019 and are still taking place, hackers connected to China's military embedded themselves in arenas that spies usually ignored, including a water utility in Hawaii, a port in Houston and an oil-and-gas processing facility. Investigators, both at the Federal Bureau of Investigation and in the private sector, found the hackers lurked, sometimes for years, periodically testing access. At a regional airport, investigators found the hackers had secured access, and then returned every six months to make sure they could still get in. Hackers spent at least nine months in the network of a water-treatment system, moving into an adjacent server to study the operations of the plant. At a utility in Los Angeles, the hackers searched for material about how the utility would respond in the event of an emergency or crisis. The precise location and other details of the infrastructure victims are closely guarded secrets, and couldn't be fully determined.

American security officials said they believe the infrastructure intrusions — carried out by a group dubbed Volt Typhoon — are at least in part aimed at disrupting Pacific military supply lines and otherwise impeding America's ability to respond to a future conflict with China, including over a potential invasion of Taiwan... The focus on Guam and West Coast targets suggested to many senior national-security officials across several Biden administration agencies that the hackers were focused on Taiwan, and doing everything they could to slow a U.S. response in a potential Chinese invasion, buying Beijing precious days to complete a takeover even before U.S. support could arrive.

The telecom breachers "were also able to swipe from Verizon and AT&T a list of individuals the U.S. government was surveilling in recent months under court order, which included suspected Chinese agents. The intruders used known software flaws that had been publicly warned about but hadn't been patched."

And ultimately nine U.S. telecoms were breached, according to America's deputy national security adviser for cybersecurity — including what appears to have been a preventable breach at AT&T (according to "one personal familiar with the matter"): [T]hey took control of a high-level network management account that wasn't protected by multifactor authentication, a basic safeguard. That granted them access to more than 100,000 routers from which they could further their attack — a serious lapse that may have allowed the hackers to copy traffic back to China and delete their own digital tracks.
The details of the various breaches are stunning: Chinese hackers gained a foothold in the digital underpinnings of one of America's largest ports in just 31 seconds. At the Port of Houston, an intruder acting like an engineer from one of the port's software vendors entered a server designed to let employees reset their passwords from home. The hackers managed to download an encrypted set of passwords from all the port's staff before the port recognized the threat and cut off the password server from its network...
Microsoft

FSF Urges Moving Off Microsoft's GitHub to Protest Windows 11's Requiring TPM 2.0 (fsf.org) 152

TPM is a dedicated chip or firmware enabling hardware-level security, housing encryption keys, certificates, passwords, and sensitive data, "and shielding them from unauthorized access," Microsoft senior product manager Steven Hosking wrote last month, declaring TPM 2.0 to be "a non-negotiable standard for the future of Windows."

Or, as BleepingComputer put it, Microsoft "made it abundantly clear... that Windows 10 users won't be able to upgrade to Windows 11 unless their systems come with TPM 2.0 support." (This despite the fact that Statcounter Global data "shows that more than 61% of all Windows systems worldwide still run Windows 10.") They add that Microsoft "announced on October 31 that Windows 10 home users will be able to delay the switch to Windows 11 for one more year if they're willing to pay $30 for Extended Security Updates."

But last week the Free Software Foundation's campaigns manager delivered a message on the FSF's official blog: "Keep putting pressure on Microsoft." Grassroots organization against a corporation as large as Microsoft is never easy. They have the advertising budget to claim that they "love Linux" (sic), not to mention the money and political willpower to corral free software developers from around the world on their nonfree platform Microsoft GitHub. This year's International Day Against DRM took aim at one specific injustice: their requiring a hardware TPM module for users being forced to "upgrade" to Windows 11. As Windows 10 will soon stop receiving security updates, this is a (Microsoft-manufactured) problem for users still on this operating system. Normally, offloading cryptography to a different hardware module could be seen as a good thing — but with nonfree software, it can only spell trouble for the user...

What's crucial now is to keep putting pressure on Microsoft, whether that's through switching to GNU/Linux, avoiding new releases of their software, or actions as simple as moving your projects off of Microsoft GitHub. If you're concerned about e-waste or have friends who work to combat climate change, getting them together to tell them about free software is the perfect way to help our movement grow, and free a few more users from Microsoft's digital restrictions. If you're concerned about e-waste or have friends who work to combat climate change, getting them together to tell them about free software is the perfect way to help our movement grow, and free a few more users from Microsoft's digital restrictions.

The Internet

'Starlink Mini': High-Speed Internet, Fits in a Backpack, Now Available in the US (cnet.com) 74

It's weighs less than 15 pounds. It's 17 inches wide. And in June Elon Musk said it was "easily carried in a backpack. This product will change the world."

And now, CNET reports: Calling all digital nomads and van-lifers: SpaceX's Starlink Mini is now available everywhere in the US. The small antenna costs $599 and requires a monthly subscription of either $50 or $165, depending on which plan you choose. Thanks to thousands of low Earth orbit satellites, Starlink has the unique ability to send high-speed internet just about anywhere. Standard service is great for home internet in rural areas, while the provider's Roam service and new portable dish are ideal for staying connected on the go...

The Mini is a satellite dish and Wi-Fi router all in one that's about the size of a laptop. According to Starlink's website, it uses approximately half the power of Starlink's standard dish. It can be powered with a portable USB battery and can "melt snow and withstand sleet, heavy rain and harsh winds."

The article adds that users "can connect up to 128 devices, and it promises low latency... According to Starlink's broadband labels, your download speeds typically range from 30 to 100Mbps and 5 to 25Mbps in upload."
Businesses

UK Bosses Try To Turn Back Clock On Hybrid Working (theguardian.com) 38

As UK workers face a tougher-than-usual January return to offices, many large employers, including Amazon, BT, PwC, and Santander, are enforcing stricter in-person attendance mandates. The Guardian reports: As of 1 January, BT is requiring its 50,000 office-based employees across the UK and several other countries to attend three days a week in what it calls a "three together, two wherever" approach. Workers at the telecoms company have been told that office entry and exit data will be used to monitor attendance. The accountancy firm PwC is also clamping down on remote working; the Spanish-owned bank Santander is formalizing attendance requirements for its 10,000 UK staff; the digital bank Starling has ordered staff back to the office more regularly; and the supermarket chain Asda has made a three-day office week compulsory for thousands of workers at its Leeds and Leicester sites. The international picture is similar. [...]

Multiple studies suggest that the future of work is flexible, with time split between the office and home or another location, in what has been called "the new normal" by the Office for National Statistics. The ONS found in its latest survey that hybrid was the standard pattern for more than a quarter (28%) of working adults in Great Britain in autumn 2024. At the same time, working entirely remotely had fallen since 2021, it found. One of the most frequently reported business reasons for hybrid working was "improved staff wellbeing," the ONS found, while those who worked from home saved an average of 56 minutes each day by dodging the commute.

UK staff have been slower to return to their desks after the pandemic than their counterparts in France, Germany, Italy, Spain and the US. London, in particular, has lagged behind other global cities including Paris and New York, according to recent research from the Centre for Cities thinktank, where workers spent on average 2.7 days a week in the office, attendance levels similar to Toronto and Sydney. It cited the cost, and average length of the commute in and around the UK capital as one of the main reasons for the trend. Despite this, there has been a "slow but steady increase in both attendance and desk use" in British offices, according to AWA, which tracked a 4% rise in attendance, from 29% to 33%, between July 2022 and September 2024.
"Hybrid working is here, it's not going away," said Andrew Mawson, the founder of Advanced Workplace Associates (AWA), a workplace transformation consultancy. "Even though companies are trying to mandate, foolishly in my view, to have their people in the office on a certain number of days, the true reality of it is different."
Privacy

Online Gift Card Store Exposed Hundreds of Thousands of People's Identity Documents (techcrunch.com) 15

An anonymous reader quotes a report from TechCrunch: A U.S. online gift card store has secured an online storage server that was publicly exposing hundreds of thousands of customer government-issued identity documents to the internet. A security researcher, who goes by the online handle JayeLTee, found the publicly exposed storage server late last year containing driving licenses, passports, and other identity documents belonging to MyGiftCardSupply, a company that sells digital gift cards for customers to redeem at popular brands and online services.

MyGiftCardSupply's website says it requires customers to upload a copy of their identity documents as part of its compliance efforts with U.S. anti-money laundering rules, often known as "know your customer" checks, or KYC. But the storage server containing the files had no password, allowing anyone on the internet to access the data stored inside. JayeLTee alerted TechCrunch to the exposure last week after MyGiftCardSupply did not respond to the researcher's email about the exposed data. [...]

According to JayeLTee, the exposed data -- hosted on Microsoft's Azure cloud -- contained over 600,000 front and back images of identity documents and selfie photos of around 200,000 customers. It's not uncommon for companies subject to KYC checks to ask their customers to take a selfie while holding a copy of their identity documents to verify that the customer is who they say they are, and to weed out forgeries.
MyGiftCardSupply founder Sam Gastro told TechCrunch: "The files are now secure, and we are doing a full audit of the KYC verification procedure. Going forward, we are going to delete the files promptly after doing the identity verification." It's not known how long the data was exposed or if the company would commit to notifying affected individuals.
Businesses

India Again Delays Rules To Break Payments Duopoly (techcrunch.com) 11

India has once again pushed back a contentious plan to limit major technology companies' control of the nation's digital payments system, extending a regulatory uncertainty that has weighed on the sector for years. From a report: The National Payments Corporation of India said on Tuesday it would extend the deadline for implementing a 30% cap on any individual app's share of transactions on the Unified Payments Interface, or UPI, the country's ubiquitous digital payments network, to December 31, 2026.

The decision provides temporary relief to Walmart-backed PhonePe and Google Pay, which together handle more than 85% of transactions on UPI. The network, which processes over 13 billion transactions monthly, has become the backbone of India's digital economy since its launch eight years ago.

Science

Scientist's 'Ruthlessly Imaginative' 1925 Predictions For the Future (theguardian.com) 44

An anonymous reader quotes a report from The Guardian: When the scientist and inventor Prof Archibald Montgomery Low predicted "a day in the life of a man of the future" one century ago, his prophecies were sometimes dismissed as "ruthlessly imaginative." They included, reported the London Daily News in 1925, "such horrors" as being woken by radio alarm clock; communications "by personal radio set"; breakfasting "with loudspeaker news and television glimpses of events"; shopping by moving stairways and moving pavements. One hundred years after Low's publication of his book The Future some of his forecasts were spot on. Others, including his prophecy that everyone would be wearing synthetic felt one-piece suits and hats, less so.

Researchers from the online genealogy service Findmypast, have excavated accounts of Low's predictions from its extensive digital archive of historical newspapers available to the public and included them in a collection on its website of forecasts made for 2025 by people a century ago. Low, born in 1888, was an engineer, research physicist, inventor and author. A pioneer in many fields, he invented the first powered drone, worked on the development of television, was known as the "father of radio guidance systems" for his work on planes, torpedo boats and guided rockets and reportedly attracted at least two unsuccessful assassination attempts by the Germans.
"It's amazing that a century ago, one visionary scientist could predict how emerging technology -- in its infancy at the time -- could have changed the world by 2025," said Jen Baldwin, a research specialist at Findmypast. "It makes you stop to wonder how the advancements we see around us today will be experienced by our own descendants."
AI

AI Might Start Selling Your Choices Before You Make Them, Study Warns (courthousenews.com) 36

AI ethicists are cautioning that the rise of AI may bring with it the commodification of even one's motivations. From a report: Researchers from the University of Cambridge's Leverhulme Center for the Future of Intelligence say -- in a paper published Monday in the Harvard Data Science Review journal -- the rise of generative AI, such as chatbots and virtual assistants, comes with the increasing opportunity for persuasive technologies to gain a strong foothold.

"Tremendous resources are being expended to position AI assistants in every area of life, which should raise the question of whose interests and purposes these so-called assistants are designed to serve," Yaqub Chaudhary, a visiting scholar at the Center for Future of Intelligence, said in a statement. When interacting even causally with AI chatbots -- which can range from digital tutors to assistants to even romantic partners -- users share intimate information that gives the technology access to personal "intentions" like psychological and behavioral data, the researcher said.

"What people say when conversing, how they say it, and the type of inferences that can be made in real-time as a result, are far more intimate than just records of online interactions," Chaudhary added. In fact, AI is already subtly manipulating and influencing motivations by mimicking the way a user talks or anticipating the way they are likely to respond, the authors argue. Those conversations, as innocuous as they may seem, leave the door open for the technology to forecast and influence decisions before they are made. "We caution that AI tools are already being developed to elicit, infer, collect, record, understand, forecast, and ultimately manipulate and commodify human plans and purposes," Chaudhary said.

Bitcoin

MicroStrategy's Big Bet On Bitcoin Went Stratospheric (theguardian.com) 33

MicroStrategy has transformed into a "bitcoin treasury company," investing billions in bitcoin through debt and equity issuance, driving its stock price up nearly 400% in 2024 despite declining software revenues and heightened financial risks. The Guardian reports: In the summer of 2020, as the Covid-19 pandemic upended economies around the world, an obscure U.S. software firm decided to diversify. MicroStrategy, whose head office is situated next to a shopping mall and metro station in Tysons Corner, Virginia, had decided the steady business of "software as a service" was not racy enough. Instead, it would branch out by investing up to $250 million in alternative assets -- "stocks, bonds, commodities such as gold, digital assets such as bitcoin or other asset types." Less than five years later, that bitcoin side hustle has gone stratospheric. MicroStrategy's share price has swollen twentyfold, lifting its market capitalization to almost $75 billion and catapulting the stock into the Nasdaq 100 index of top technology shares.
AI

AI Tools May Soon Manipulate People's Online Decision-Making, Say Researchers (theguardian.com) 25

Slashdot reader SysEngineer shared this report from the Guardian: AI tools could be used to manipulate online audiences into making decisions — ranging from what to buy to who to vote for — according to researchers at the University of Cambridge. The paper highlights an emerging new marketplace for "digital signals of intent" — known as the "intention economy" — where AI assistants understand, forecast and manipulate human intentions and sell that information on to companies who can profit from it. The intention economy is touted by researchers at Cambridge's Leverhulme Centre for the Future of Intelligence (LCFI) as a successor to the attention economy, where social networks keep users hooked on their platforms and serve them adverts. The intention economy involves AI-savvy tech companies selling what they know about your motivations, from plans for a stay in a hotel to opinions on a political candidate, to the highest bidder...

The study claims that large language models (LLMs), the technology that underpins AI tools such as the ChatGPT chatbot, will be used to "anticipate and steer" users based on "intentional, behavioural and psychological data"... Advertisers will be able to use generative AI tools to create bespoke online ads, the report claims... AI models will be able to tweak their outputs in response to "streams of incoming user-generated data", the study added, citing research showing that models can infer personal information through workaday exchanges and even "steer" conversations in order to gain more personal information.

The article includes this quote from Dr. Jonnie Penn, an historian of technology at LCFI. "Unless regulated, the intention economy will treat your motivations as the new currency. It will be a gold rush for those who target, steer and sell human intentions.

"We should start to consider the likely impact such a marketplace would have on human aspirations, including free and fair elections, a free press and fair market competition, before we become victims of its unintended consequences."
Open Source

'Raspberry Pi Holdings' Stock Price Nearly Doubles In December (proactiveinvestors.co.uk) 6

Slashdot reader DevNull127 writes: This year the London Stock Exchange got a new listing for "Raspberry Pi Holdings plc." It's the computer-making commercial subsidiary of their larger educational charity, the Raspberry Pi Foundation. "Access to the public market will enable us to build more of the products you love, faster," explained CEO Eben Upton in June. And in May Foundation head Philip Colligan added that beyond the $50 million already donated to their educational charity by the commercial subsidiary, the IPO would allow the conversion of some stock sales to "an endowment that we will use to fund our educational programmes... The Foundation will use any funds that we raise through the sale of shares at the IPO — or subsequently — to advance our ambitious global strategy to enable every young person to realise their full potential through the power of computing and digital technologies."

So how's that working out? A finance site called Proactive Investors UK reports that in September Raspbery Pi Holdings plc "reported underlying profits (EBITDA) of US$20.9 million, up by 55% from a year ago, on revenues up 61% to US$144 million... The Pi 5 single-board computer (SBC), launched at the end of last October [2023], sold 1.1 million units in the first half, with overall unit growth at 31%."

And then in December its stock price suddenly shot up to more than double where it was at the end of November — giving Raspbery Pi Holdings plc a valuation "just under £1.3 billion."

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