While Amazon, Google, and other companies build new data centers — sometimes for their AI projects — parts of America "are facing higher electric bills," reports the Washington Post: The facilities' extraordinary demand for electricity to power and cool computers inside can drive up the price local utilities pay for energy and require significant improvements to electric grid transmission systems. As a result, costs have already begun going up for customers — or are about to in the near future, according to utility planning documents and energy industry analysts. Some regulators are concerned that the tech companies aren't paying their fair share, while leaving customers from homeowners to small businesses on the hook. In Oregon, electric utilities are warning regulators that consumers need protections from rising rates caused by data centers. From Virginia to Ohio and South Carolina, companies are battling over the extent of their responsibility for increases, attempting to fend off anger from customers. In the Mid-Atlantic, the regional power grid's energy costs shot up dramatically, and data centers are cited as among root causes of rate increases of up to 20 percent expected in 2025...

The tech firms and several of the power companies serving them strongly deny they are burdening others. They say higher utility bills are paying for overdue improvements to the power grid that benefit all customers. In some cases, they said in response to criticism from consumer and business advocates that they are committed to covering additional costs. But regulators — and even some utilities — are growing skeptical.

A jarring example of fallout on consumers is playing out on the Mid-Atlantic regional power grid, called PJM Interconnection, which serves 13 states and D.C. The recent auction to secure power for the grid during periods of extreme weather and high demand resulted in an 800 percent jump in the price that the grid's member utilities had to pay. The impact will be felt by millions by the spring, according to public records. Power bills will increase as much as 20 percent for customers of a dozen utilities in Maryland, Ohio, Pennsylvania, New Jersey and West Virginia, regulatory filings show. That includes households in the Baltimore area, where annual bills will increase an average of $192, said Maryland People's Counsel David Lapp, a state appointee who monitors utilities. The next auction, in 2025, could be more painful, Lapp said, leaving customers potentially "looking at increases of as much as $40 to $50 a month...."

Advocates cite another source of cost-shifting onto consumers: discounted rates that power companies and local government officials use to entice tech companies to build data centers... Google worked out a deal with Dominion Energy, blessed by regulators, to pay 6 cents per kilowatt hour for its power. That is less than half of what residential customers pay, as well as substantially less than is paid by businesses...
The article points out that in Pennsylvania, "Amazon's novel plan to fuel a data center from a reactor at the nearby Susquehanna nuclear plant is now in jeopardy, after regulators blocked it Friday. They cited potential impact on consumers as among their concerns. The plan threatens to leave other ratepayers stuck with a bill of $50 million to $140 million, according to testimony from [power utility] AEP and utility conglomerate Exelon."

And meanwhile, one Virginia retiree complained about a proposed $54 million transmission line and substation for an Amazon data center. "They are already making money hand over fist, and now they want us to pay for this?

An anonymous Slashdot reader shared this report from CNBC: Threads now has nearly 275 million monthly users, CEO Mark Zuckerberg said Wednesday. "We continue to be on track towards this becoming our next major social app," Zuckerberg said on a call with analysts, adding that he was "quite pleased" with the trajectory of the app.

The latest numbers indicate Threads is up 175% from a year ago when it reached 100 million users... The app is now signing up more than 1 million users per day, Zuckerberg also said on Wednesday. X remains ahead of Threads in terms of users, but not by much. Musk's social media app now has roughly 318 million monthly users, according to an estimate by market intelligence firm Sensor Tower. That's down 24% since Musk completed his acquisition of the company in October 2022, according to Sensor Tower.
The news also drew a reaction from ActivityPub/Activity Streams 2.0 co-author Evan Prodromou, who pointed out that the 275 million monthly active users is up from the 200 million reported just 13 weeks ago at the end of July.

"And most of them have access to the Fediverse. With more, hopefully, getting access soon."

Jay Newman, who made billions for Elliott Management pursuing Argentina's defaulted debt, wrote a 2022 thriller about corrupt spies and hedge funds. Now federal prosecutors are examining parallels between his novel "Undermoney" and real-world events.

The investigation centers on Amit Forlit, an Israeli private investigator facing U.S. extradition charges for alleged email theft from Argentine officials during Elliott's sovereign debt battle. Prosecutors are probing whether Forlit's alleged $20 million hacking operation aided Elliott's eventual $2.2 billion settlement with Argentina. "There's not that much fiction in 'Undermoney,'" Newman told interviewers while promoting the book, which features Israeli operatives and hedge fund intrigue. Newman and Elliott deny any wrongdoing, with Newman calling suggestions of illegal activity "categorically false."

The probe is examining $20 million paid to a Forlit-controlled company via a consulting firm that worked for Elliott, according to court statements and people familiar with the matter. Forlit denied involvement in hacking during a 2022 deposition. Prosecutors are also investigating Forlit's work for ExxonMobil regarding climate change critics. Neither Elliott nor ExxonMobil has been accused of wrongdoing. Newman, who left Elliott in 2016 with a $70 million bonus after the Argentina settlement, met regularly with Forlit to discuss the Argentine case, WSJ has reported. His novel follows dark money trails through Washington power corridors and Wall Street trading floors, featuring Israeli operatives described as "expensive, but consistent."

An anonymous reader quotes a report from The Guardian: The cost of cleaning up Sellafield is expected to spiral to 136 billion pounds ($175 billion USD) and Europe's biggest nuclear waste dump cannot show how it offers taxpayers value for money, the public spending watchdog has said. Projects to fix buildings containing hazardous and radioactive material at the state-owned site on the Cumbrian coast are running years late and over budget. Sellafield's spending is so vast -- with costs of more than 2.7 billion pounds a year -- that it is causing tension with the Treasury, the report from the National Audit Office (NAO) suggests. Officials from finance ministry told the NAO it was "not always clear" how Sellafield made decisions, the report reveals. Criticisms of its costs and processes come as the chancellor, Rachel Reeves, prepares to plug a hole of about 40 billion pounds in her maiden budget. Gareth Davies, the head of the NAO, said: "Despite progress achieved since the NAO last reported, I cannot conclude Sellafield is achieving value for money yet, as large projects are being delivered later than planned and at higher cost, alongside slower progress in reducing multiple risks."

He added: "Continued underperformance will mean the cost of decommissioning will increase considerably, and 'intolerable risks' will persist for longer."

David Peattie, the NDA's chief executive, said: "Sellafield is one of the most complex environmental programs in the world. We're proud of our workforce and achievements being made, including the unprecedented retrieval of legacy waste from all four highest hazard facilities. But as the NAO rightly points out there is still more to be done. This includes better demonstrating we are delivering value for money and the wider significant societal and economic benefits through jobs, the supply chain and community investments."

The Register's Tobias Mann reports: Supermicro shares took a nose dive on Wednesday, sliding more than 30 percent after the accounting firm hired to review its reporting practices resigned after determining they were just a bit too sketchy to warrant the risk. "We are resigning due to information that has recently come to our attention which has led us to no longer be able to rely on management's and audit committee's representations," Ernst & Young wrote in a resignation letter, which also raised alarm bells regarding Supermicro CEO Charles Liang's influence over the board. The concerns, disclosed in a recent SEC filing, only serve to stoke the fires of controversy surrounding Supermicro, which, after more than two months, still hasn't filed its 10-K annual report and faces the possibility of being de-listed from the Nasdaq as a result. [...]

EY's resignation apparently came months after it raised concerns with management regarding the "governance, transparency, and completeness of" Supermicro's financial reporting, and warned that the release of the server maker's annual report was at significant risk. In response, Supermicro's board appointed an independent special committee and hired Cooley and forensic accounting firm Secretariat Advisors to review its internal controls and governance procedures. It seems EY was not too pleased with the special committee's findings which apparently raised yet more red flags. "After receiving additional information through the Review process, EY informed the special committee that the additional information EY received raised questions, including about whether the Company demonstrates a commitment to integrity and ethical values," the SEC filing reads.

Visa customers with eligible debit cards will be able to deposit funds into their Coinbase accounts -- sometimes instantly -- via a partnership announced by the payments giant and crypto exchange. From a report: Coinbase already has millions of connections to customers' debit cards but this new development allows for the real-time flow of funds for customers in the US and European Union, according to the Tuesday statement.

Eligible Visa debit card holders can now "take advantage of trading opportunities day and night," said Yanilsa Gonzalez Ore, head of the Visa Direct business for North America. Visa, which powers the Coinbase debit card, said customers will also be able to buy cryptocurrencies on Coinbase with an eligible debit card and cash out their money from the platform to a bank account, also via the card.

A Russian court has fined Google an astronomical sum of around $20 decillion for YouTube's blocking of Russian media channels tied to sanctioned entities. The amount compounds weekly as Google continues to disregard the ruling. The Register reports: To put that into perspective, the World Bank estimates global GDP as around $100 trillion, which is peanuts compared to the prospective fine. Google might be one of the most valuable businesses on the planet, but even if Sundar Pichai rummages around the back of the sofa he won't be able to raise the funds to pay the penalty. The bizarre amount has been calculated after a four-year court case that started after YouTube banned the ultra-nationalist Russian channel Tsargrad in 2020 in response to the US sanctions imposed against its owner. Following Putin's illegal invasion of Ukraine in 2022 more channels were added to the banned list and 17 stations are now suing the Chocolate Factory, including Zvezda (a TV channel owned by Putin's Ministry of Defence), according to local media.

"Google was called by a Russian court to administrative liability under Art. 13.41 of the Administrative Offenses Code for removing channels on the YouTube platform. The court ordered the company to restore these channels," lawyer Ivan Morozov told state media outlet TASS. The court imposed a fine of 100 thousand rubles ($1,025) per day, with the total fine doubling every week. Owing to compound interest (Einstein's eighth wonder of the world), Google is now on the hook for an insane amount of money, or what the judge on Monday called "a case in which there are many, many zeros."

Google has integrated AI deeply across its operations, with over 25% of its new code generated by AI. CEO Sundar Pichai announced the milestone during the company's third quarter 2024 earnings call. The Verge reports: AI is helping Google make money as well. Alphabet reported $88.3 billion in revenue for the quarter, with Google Services (which includes Search) revenue of $76.5 billion, up 13 percent year-over-year, and Google Cloud (which includes its AI infrastructure products for other companies) revenue of $11.4 billion, up 35 percent year-over-year. Operating incomes were also strong. Google Services hit $30.9 billion, up from $23.9 billion last year, and Google Cloud hit $1.95 billion, significantly up from last year's $270 million. "In Search, our new AI features are expanding what people can search for and how they search for it," CEO Sundar Pichai says in a statement. "In Cloud, our AI solutions are helping drive deeper product adoption with existing customers, attract new customers and win larger deals. And YouTube's total ads and subscription revenues surpassed $50 billion over the past four quarters for the first time."

NASA's economic impact report highlights that in fiscal year 2023, the agency's initiatives contributed $75.6 billion to the U.S. economy, created over 300,000 jobs, and drove advancements in areas like space exploration, climate research, and technology innovation. The agency's budget for that year was $25.4 billion. Space.com reports: The Moon to Mars program alone created $23.8 billion in economic output and 96,479 jobs, while investments in climate research and technology contributed $7.9 billion and 32,900 jobs. The report also drills down into impacts in each state, with 45 states seeing over $10 million in impact and eight states surpassing the $1 billion mark. [...]

NASA's missions supported 304,803 jobs across America, according to the report -- the third agency-wide study of its kind -- generating an estimated total of $9.5 billion in federal, state, and local taxes. Additionally, NASA's technological innovations and transfers in 2023 led to 40 new patent applications, 69 patents issued, and thousands of software usage agreements. A number of NASA technology spinoffs have become everyday household items. The full NASA economic impact report can be found here.

JPMorgan Chase is suing customers who exploited an ATM glitch that allowed them to withdraw funds before a check bounced. CNBC reports: The bank on Monday filed lawsuits in at least three federal courts, taking aim at some of the people who withdrew the highest amounts in the so-called infinite money glitch that went viral on TikTok and other social media platforms in late August. [...] JPMorgan, the biggest U.S. bank by assets, is investigating thousands of possible cases related to the "infinite money glitch," though it hasn't disclosed the scope of associated losses. Despite the waning use of paper checks as digital forms of payment gain popularity, they're still a major avenue for fraud, resulting in $26.6 billion in losses globally last year, according to Nasdaq's Global Financial Crime Report.

The infinite money glitch episode highlights the risk that social media can amplify vulnerabilities discovered at a financial institution. Videos began circulating in late August showing people celebrating the withdrawal of wads of cash from Chase ATMs shortly after bad checks were deposited. Normally, banks only make available a fraction of the value of a check until it clears, which takes several days. JPMorgan says it closed the loophole a few days after it was discovered.

The lawsuits are likely to be just the start of a wave of litigation meant to force customers to repay their debts and signal broadly that the bank won't tolerate fraud, according to the people familiar. JPMorgan prioritized cases with large dollar amounts and indications of possible ties to criminal groups, they said. The civil cases are separate from potential criminal investigations; JPMorgan says it has also referred cases to law enforcement officials across the country. "Fraud is a crime that impacts everyone and undermines trust in the banking system," JPMorgan spokesman Drew Pusateri said in a statement to CNBC. "We're pursuing these cases and actively cooperating with law enforcement to make sure if someone is committing fraud against Chase and its customers, they're held accountable."

Russia has enacted a new law expanding control over cryptocurrency mining, granting multiple federal agencies access to digital currency identifier addresses, among other things. The country is also advancing its regulatory framework and experimenting with crypto in international trade. From a report: Taking effect on Nov. 1, the legislation includes several amendments designed to strengthen oversight and impose limitations on crypto mining activities based on regional needs. The law enables the Russian government to implement mining restrictions by location and define specific procedures and circumstances for banning mining operations. A notable provision in the law gives the government the power to stop digital currency mining pools from functioning in certain areas. Additionally, the government now has the authority to regulate infrastructure providers supporting mining operations.

This legislation also grants multiple federal agencies, beyond the Federal Financial Monitoring Service (Rosfinmonitoring), access to digital currency identifier addresses. This expansion includes federal executive agencies and law enforcement, bolstering their capability to track transactions that may be linked to money laundering or terrorist financing activities. Moreover, the amendments transfer responsibility for the national mining register from the Ministry of Digital Development to the Federal Tax Service, which will now oversee mining registrations for businesses and remove those with repeated infractions. While individual miners can continue without registering if they adhere to specific electricity consumption limits, companies and individual entrepreneurs must comply with new registration requirements.

An anonymous reader shares a report:Around 1.5 million of Britain's 7.2 million lampposts could be removed to save money and reduce carbon emissions and replaced with lighting that will make it safer for pedestrians.

Under existing rules, there is no requirement to light pavements for pedestrians. They are only lit because light spills over from lampposts, which were principally installed to make it safer for motorists. But today's cars have such effective headlights that lampposts, which are generally 10m tall on A-roads and 6m tall on residential roads, are not necessary in many parts of Britain. Lampposts will remain in place in many locations where they are necessary, such as in cities where CCTV cameras rely on good lighting.

A writer for the New York Times editorial board argues we don't yet fully understand the impact of warehouses. "Thanks to the rise of online shopping and the proximity to so many American doorsteps, warehouses have become a major source of blue-collar employment," both in Bethlehem, Pennsylvania and beyond. "In Pennsylvania's Lehigh Valley, more than 19,000 people work in the warehouses that prepare our packages. Thousands more drive the trucks that deliver them."

But while the total number of warehouse-related jobs almost replaces the jobs lost from the closure of a major steel plant, "the political power that blue-collar workers once wielded has not been replaced." Despite their large numbers, their importance to the economy, and their presence in Northampton — a swing county in a crucial battleground state — warehouse workers don't form an influential voting bloc in the way that steelworkers did... It turns out that making stuff isn't the same as distributing it. Working in a steel mill is a communal act that lends itself to the pursuit of political power in a way that warehouse jobs do not. Steelworkers toiled alongside one another, forming lifelong bonds, bowling leagues and unions that delivered a reliable voting bloc. Back when thousands of workers streamed out of the gates of Bethlehem Steel at quitting time, "politicians would come out to shake our hands," Jerry Green, retired president of United Steelworkers Local 2599, told me.

Factories were so good at political mobilization, in fact, that some credit them for democracy itself. Women and working-class men won the right to vote in the United States, Western Europe and much of East Asia after about a quarter of those populations were employed in factories, according to recent research by Sam van Noort, a lecturer at Princeton. Warehouses, by contrast, have no such mystique. Nobody campaigns outside the Walmart distribution centers here. Workers tend to be hired by staffing agencies and many stay for only a few months. They work on their own and rarely socialize. They are notoriously difficult to organize. Alec MacGillis, author of "Fulfillment: America in the Shadow of Amazon," told me that the biggest challenge for labor organizers at Amazon warehouses was getting workers to stay on the job long enough to feel a sense of solidarity.

Malenie Tapia, who moved to Bethlehem from Queens, N.Y., five years ago and took a job as a "picker" in a Zara warehouse, explained why. For eight hours a day, she grabbed items off numbered shelves and delivered them to packers who packed them into boxes. Talking to co-workers was forbidden, she said, except during a brief lunch break. "Sometimes I would go to the section in the back, where there would be less eyes on you, and sneak in a little moment of conversation," she said.
Here's what happened when the reporter asked a pair of Latino workers about their political opinions: Most of all, they fretted about being replaced by machines. They spoke with dread about a fully automated McDonald's and a robot that unloads container ships. They didn't seem to see themselves as part of a working class that could band together to demand protections for their jobs.

The hot political issue around warehouses isn't the workers at all; it's the traffic and loss of green space associated with them. Both the Democratic and Republican candidates in the race for a state representative seat in Northampton have vowed to stop the proliferation of warehouses, which some citizens' groups say destroys their rural way of life. If warehouse workers had a political voice, they might push back. But they don't, so they won't. Warehouses have been an economic boon. But politically, for workers, they are a loss.

"In the early hours of Thursday, March 23, 2023, residents in the German town of Kronberg were woken from their sleep by several explosions," reports CNN .

"Criminals had blown up an ATM located below a block of flats in the town center..." According to local media reports, witnesses saw people dressed in dark clothing fleeing in a black car towards a nearby highway. During the heist, thieves stole 130,000 euros in cash. They also caused an estimated half a million euros worth of collateral damage, according to a report by Germany's Federal Criminal Police Office, BKA.

Rather than staging dramatic and risky bank robberies, criminal groups in Europe have been targeting ATMs as an easier and more low-key target. In Germany — Europe's largest economy — thieves have been blowing up ATMs at a rate of more than one per day in recent years. In a country where cash is still a prevalent payment method, the thefts can prove incredibly lucrative, with criminals pocketing hundreds of thousands of euros in one attack.

Europol has been cracking down on the robberies, carrying out large cross-border operations aimed at taking down the highly-organized criminal gangs behind them. Earlier this month, authorities from Germany, France and the Netherlands arrested three members of a criminal network who have been carrying out attacks on cash machines using explosives, Europol said in a statement. Since 2022, the detainees are believed to have looted millions of euros and run up a similar amount in property damage, from 2022 to 2024, Europol said...

Unlike its European neighbors, who largely transitioned away from cash payments due to the Covid-19 pandemic, cash still plays a significant role in Germany. One half of all transactions in 2023 were made using banknotes and coins, according to Bundesbank. Germans have a cultural attachment to cash, traditionally viewing it as a safe method of payment. Some say it allows a greater level of privacy, and gives them more control over their expenses.

The cost of cleaning up the U.K.'s largest nuclear site, "is expected to spiral to £136 billion" (about $176 billion), according to the Guardian, creating tension with the country's public-spending watchdog.

Projects to fix the state-owned buildings with hazardous and radioactive material "are running years late and over budget," the Guardian notes, with the National Audit Office suggesting spending at the Sellafield site has risen to more than £2.7 billion a year ($3.49 billion). Europe's most hazardous industrial site has previously been described by a former UK secretary of state as a "bottomless pit of hell, money and despair". The Guardian's Nuclear Leaks investigation in late 2023 revealed a string of cybersecurity problems at the site, as well as issues with its safety and workplace culture. The National Audit Office found that Sellafield was making slower-than-hoped progress on making the site safe and that three of its most hazardous storage sites pose an "intolerable risk".

The site is a sprawling collection of buildings, many never designed to hold nuclear waste long-term, now in various states of disrepair. It stores and treats decades of nuclear waste from atomic power generation and weapons programmes, has taken waste from countries including Italy and Sweden, and is the world's largest store of plutonium.

Sellafield is forecast to cost £136bn to decommission, which is £21.4bn or 18.8% higher than was forecast in 2019. Its buildings are expected to be finally torn down by 2125 and its nuclear waste buried deep underground at an undecided English location. The underground project's completion date has been delayed from 2040 to the 2050s at the earliest, meaning Sellafield will need to build more stores and manage waste for longer. Each decade of delay costs Sellafield between £500m and £760m, the National Audit Office said.

Meanwhile, the government hopes to ramp up nuclear power generation, which will create more waste.
"Plans to clean up three of its worst ponds — which contain hazardous nuclear sludge that must be painstakingly removed — are running six to 13 years later than forecast when the National Audit Office last drew up a report, in 2018... "

"One pond, the Magnox swarf storage silo, is leaking 2,100 litres of contaminated water each day, the NAO found. The pond was due to be emptied by 2046 but this has slipped to 2059."

Thanks to long-time Slashdot reader AmiMoJo for sharing the news.

An anonymous reader quotes a report from TechCrunch: Ahead of the debut of Apple's private AI cloud next week, dubbed Private Cloud Compute, the technology giant says it will pay security researchers up to $1 million to find vulnerabilities that can compromise the security of its private AI cloud. In a post on Apple's security blog, the company said it would pay up to the maximum $1 million bounty to anyone who reports exploits capable of remotely running malicious code on its Private Cloud Compute servers. Apple said it would also award researchers up to $250,000 for privately reporting exploits capable of extracting users' sensitive information or the prompts that customers submit to the company's private cloud.

Apple said it would "consider any security issue that has a significant impact" outside of a published category, including up to $150,000 for exploits capable of accessing sensitive user information from a privileged network position. "We award maximum amounts for vulnerabilities that compromise user data and inference request data outside the [private cloud compute] trust boundary," Apple said. You can learn more about Apple's Private Cloud Computer service in their blog post. Its source code and documentation is available here.

The top U.S. consumer finance watchdog warned businesses about potential legal problems they could face from using new technology such as artificial intelligence or algorithmic scores to snoop on and evaluate their employees. From a report: The Consumer Financial Protection Bureau on Thursday said "invasive" new tools to monitor workers are governed by a law designed to ensure fairness in credit reporting, giving employees specific rights. Employees have the right to consent to the collection of personal information, to receive detailed information and to dispute inaccurate information, the CFPB said in the newly released guidance.

"Workers shouldn't be subject to unchecked surveillance or have their careers determined by opaque third-party reports without basic protections," CFPB Director Rohit Chopra said. More companies are leaning on AI and other powerful tools throughout the employment process, using software that can, for example, interview candidates and surveillance tools that can look for unsafe behavior. Americans have expressed concerns about Big Brother-style surveillance while they are on the job.

PayPal will begin sharing detailed customer purchase data, including clothing sizes and shopping preferences, with retailers for targeted advertising starting November 27, the payments company announced in a recent privacy update. The initiative affects PayPal's 391 million active consumer accounts worldwide. While customers can opt out through the app's settings, the GAO reports such opt-out rates typically remain below 7% across financial services.

Seven Spirals writes: A working paper [PDF], published by the National Bureau of Economic Research, studies the employment effects of a guaranteed income by providing $1,000 per month to 1,000 low-income participants for three years, compared to a control group receiving $50 per month. The results show a decrease in labor market participation by 2 percentage points and a reduction of 1.3-1.4 hours in weekly work hours. Most of the additional free time was spent on leisure, and there were no significant improvements in job quality or human capital investments. Overall, the guaranteed income led to a moderate reduction in labor supply without other substantial productive benefits.

Ireland's data-protection watchdog fined LinkedIn 310 million euros ($334.3 million), saying the Microsoft-owned career platform's personal-data processing breached strict European Union data-privacy and security legislation. From a report: The Irish Data Protection Commission in 2018 launched a probe into LinkedIn's processing of users' personal data for behavioral analysis and targeted advertising after its French equivalent flagged a complaint it received from a non-profit organization. Irish officials raised concerns on the lawfulness, fairness and transparency of the practice, saying Thursday that LinkedIn was in breach of the EU's General Data Protection Regulation.

"The lawfulness of processing is a fundamental aspect of data protection law and the processing of personal data without an appropriate legal basis is a clear and serious violation of a data subjects' fundamental right to data protection," said Graham Doyle, deputy commissioner at the Irish Data Protection Commission. In their decision, Irish officials said LinkedIn wasn't sufficiently informing users when seeking their consent to process third-party data for behavioral analysis and targeted advertising and ordered the platform to bring its processing into compliance.