An anonymous reader quotes a report from the BBC: Google has agreed to pay $68 million to settle a lawsuit claiming it secretly listened to people's private conversations through their phones. [...] the lawsuit claimed Google Assistant would sometimes turn on by mistake -- the phone thinking someone had said its activation phrase when they had not -- and recorded conversations intended to be private. They alleged the recordings were then sent to advertisers for the purpose of creating targeted advertising. The proposed settlement was filed on Friday in a California federal court, and requires approval by US District Judge Beth Labson Freeman.

The claim has been brought as a class action lawsuit rather than an individual case -- meaning if it is approved, the money will be paid out across many different claimants. Those eligible for a payout will have owned Google devices dating back to May 2016. But lawyers for the plaintiffs may ask for up to one-third of the settlement -- amounting to about $22 million in legal fees. The tech firm also denied any wrongdoing, as well as claims that it "recorded, disclosed to third parties, or failed to delete, conversations recorded as the result of a Siri activation" without consent.

Small modular nuclear reactors (or SMRs) are touted as "cheaper, safer, faster to build and easier to finance" than conventional nuclear reactors, reports CNN. Amazon has invested in X-Energy, and earlier this month, Meta announced a deal with Oklo, and in Michigan last month, Holtec began the long formal licensing process for two SMRs with America's Nuclear Regulatory Commission next to a nuclear plant it hopes to reactive. (And in 2024, California-based Kairos Power broke ground in Tennessee on a SMR "demo" reactor.)

But "The reality, as ever, is likely to be messier and experts are sounding notes of caution..." All the arguments in favor of SMRs overlook a fundamental issue, said Edwin Lyman, director of nuclear power safety at the Union of Concerned Scientists: They are too expensive. Despite all the money swilling around the sector, "it's still not enough," he told CNN. Nuclear power cannot compete on cost with alternatives, both fossil fuels and increasingly renewable energy, he said."

Some SMRs also have an issue with fuel. The more unconventional designs, those cooled by salt or gas, often require a special type of fuel called high-assay low-enriched uranium, known as HALEU (pronounced hay-loo). The amounts available are limited and the supply chain has been dominated by Russia, despite efforts to build up a domestic supply. It's a major risk, said Nick Touran [a nuclear engineer and independent consultant]. The biggest challenge nuclear has is competing with natural gas, he said, a "luxury, super expensive fuel may not be the best way." There is still stigma around nuclear waste, too. SMR companies say smaller reactors mean less nuclear waste, but 2022 research from Stanford University suggested some SMRs could actually generate more waste, in part because they are less fuel efficient...

As companies race to prove SMRs can meet the hype, experts appear to be divided in their thinking. For some, SMRs are an expensive — and potentially dangerous — distraction, with timelines that stretch so far into the future they cannot be a genuine answer to soaring needs for clean power right now.
Nuclear engineering/consultant Touran told CNN the small reactors are "a technological solution to a financial problem. No venture capitalists can say, like, 'oh, sure, we'll build a $30 billion plant.' But, if you're down into hundreds of millions, maybe they can do it."

The European Parliament is calling on the European Commission to reduce dependence on U.S. tech giants by prioritizing EU-based cloud, AI, and open-source infrastructure. The report frames "European Tech First," public procurement reform, and Public Money, Public Code as necessary self-defense against growing U.S. control over critical digital infrastructure. Heise reports: In terms of content, the report focuses on a strategic reorientation of public procurement and infrastructure. The compromise line adopted stipulates that member states can favor European tech providers in strategic sectors to systematically strengthen the technological capacity of the Community. The Greens even called for a stricter regulation here, where the use of products "Made in EU" should become the rule and exceptions would have to be explicitly justified. They also pushed for a definition for cloud infrastructure that provides for full EU jurisdiction without dependencies on third countries.

With the decision, the MEPs want to lay the foundation for a European digital public infrastructure based on open standards and interoperability. The principle of Public Money, Public Code is anchored as a strategic foundation to reduce dependence on individual providers. Software specifically developed for administration with tax money should therefore be made available to everyone under free licenses. For financing, the Parliament relies on the expansion of public-private investments. A "European Sovereign Tech Fund" endowed with ten billion euros was discussed beforehand, for example, to specifically build strategic infrastructures that the market does not provide on its own. The shadow rapporteur for the Greens, Alexandra Geese, sees Europe ready to take control of its digital future with the vote. As long as European data is held by US providers subject to laws such as the Cloud Act, security in Europe is not guaranteed.

Claims that Chinese technology for AI lags the US are a "fairy tale," Arthur Mensch, the chief executive officer of Mistral, said. From a report: "China is not behind the West," Mensch said in an interview on Bloomberg Television at the World Economic Forum in Davos, Switzerland on Thursday. The capabilities of China's open-source technology is "probably stressing the CEOs in the US."

The remarks from the boss of one of Europe's leading AI companies diverge from other tech leaders at Davos, who reassured lawmakers and business chiefs that China is behind the cutting edge by months or years.

In an opinion piece for The Atlantic, senior editor Saahil Desai argues that media outlets are increasingly treating prediction markets like Polymarket and Kalshi as legitimate signals of reality. The risk, as Desai warns, is a future where news coverage amplifies manipulable betting odds and turns politics, geopolitics, and even tragedy into speculative gambling theater. Here's an excerpt from the report: [...] The problem is that prediction markets are ushering in a world in which news becomes as much about gambling as about the event itself. This kind of thing has already happened to sports, where the language of "parlays" and "covering the spread" has infiltrated every inch of commentary. ESPN partners with DraftKings to bring its odds to SportsCenter and Monday Night Football; CBS Sports has a betting vertical; FanDuel runs its own streaming network. But the stakes of Greenland's future are more consequential than the NFL playoffs.

The more that prediction markets are treated like news, especially heading into another election, the more every dip and swing in the odds may end up wildly misleading people about what might happen, or influencing what happens in the real world. Yet it's unclear whether these sites are meaningful predictors of anything. After the Golden Globes, Polymarket CEO Shayne Coplan excitedly posted that his site had correctly predicted 26 of 28 winners, which seems impressive -- but Hollywood awards shows are generally predictable. One recent study found that Polymarket's forecasts in the weeks before the 2024 election were not much better than chance.

These markets are also manipulable. In 2012, one bettor on the now-defunct prediction market Intrade placed a series of huge wagers on Mitt Romney in the two weeks preceding the election, generating a betting line indicative of a tight race. The bettor did not seem motivated by financial gain, according to two researchers who examined the trades. "More plausibly, this trader could have been attempting to manipulate beliefs about the odds of victory in an attempt to boost fundraising, campaign morale, and turnout," they wrote. The trader lost at least $4 million but might have shaped media attention of the race for less than the price of a prime-time ad, they concluded. [...]

The irony of prediction markets is that they are supposed to be a more trustworthy way of gleaning the future than internet clickbait and half-baked punditry, but they risk shredding whatever shared trust we still have left. The suspiciously well-timed bets that one Polymarket user placed right before the capture of Nicolas Maduro may have been just a stroke of phenomenal luck that netted a roughly $400,000 payout. Or maybe someone with inside information was looking for easy money. [...] As Tarek Mansour, Kalshi's CEO, has said, his long-term goal is to "financialize everything and create a tradable asset out of any difference in opinion." (Kalshi means "everything" in Arabic.) What could go wrong? As one viral post on X recently put it, "Got a buddy who is praying for world war 3 so he can win $390 on Polymarket." It's a joke. I think.

Ubisoft is canceling game projects, shutting down studios and cutting its guidance as the Assassin's Creed maker restructures its business into five units. From a report: The French gaming firm expects earnings before interest and tax to be a loss of $1.2 billion the fiscal year 2025-2026 as a result of the restructuring, driven by a one-off writedown of about $761 million, the company said in a statement on Wednesday.

Ubisoft also expects net bookings of around $1.76 billion for the year, with a $386 million gross margin reduction compared to previous guidance, it said. Six games, including a remake of Prince of Persia The Sands of Time, have been discontinued and seven other unidentified games are delayed, the company said. The measures are part of a broader plan to streamline operations, including closing studios in Stockholm and Halifax, Canada. Ubisoft said it will have cut at least $117 million in fixed costs compared to the latest financial year by March, a year ahead of target, and has set a goal to slash an additional $234 million over the next two years.

San Diego Comic-Con changed an AI art friendly policy following an artist-led backlash last week. From a report: It was a small victory for working artists in an industry where jobs are slipping away as movie and video game studios adopt generative AI tools to save time and money. Every year, tens of thousands of people descend on San Diego for Comic-Con, the world's premier comic book convention that over the years has also become a major pan-media event where every major media company announces new movies, TV shows, and video games. For the past few years, Comic-Con has allowed some forms of AI-generated art at this art show at the convention.

According to archived rules for the show, artists could display AI-generated material so long as it wasn't for sale, was marked as AI-produced, and credited the original artist whose style was used. "Material produced by Artificial Intelligence (AI) may be placed in the show, but only as Not-for-Sale (NFS). It must be clearly marked as AI-produced, not simply listed as a print. If one of the parameters in its creation was something similar to 'Done in the style of,' that information must be added to the description. If there are questions, the Art Show Coordinator will be the sole judge of acceptability," Comic-Con's art show rules said until recently.

Companies are spending vast sums on AI expecting the technology to boost efficiency, but a new survey from AI consulting firm Section found that two-thirds of non-management workers among 5,000 white-collar respondents say they save less than two hours a week or no time at all, while more than 40% of executives report the technology saves them upward of eight hours weekly.

Workers were far more likely to describe themselves as anxious or overwhelmed about AI than excited -- the opposite of C-suite respondents -- and 40% of all surveyed said they would be fine never using AI again. A separate Workday report of roughly 1,600 employees found that though 85% reported time savings of one to seven hours weekly, much of it was offset by correcting errors and reworking AI-generated content -- what the company called an "AI tax" on productivity.

At the World Economic Forum in Davos this week, a PricewaterhouseCoopers survey of nearly 4,500 CEOs found more than half have seen no significant financial benefit from AI so far, and only 12% said the technology has delivered both cost and revenue gains.

Ancient Slashdot reader jantangring shares a report from Swedish electronics industry news site Elektroniktidningen (translated to English), writing: "Open source code library cURL is removing the possibility to earn money by reporting bugs, hoping that this will reduce the volume of AI slop reports," reports etn.se. "Joshua Rogers -- AI wielding bug hunter of fame -- thinks it's a great idea." cURL maintainer Daniel Stenberg famously reported on the flood AI-generated bad bug reports last year -- "Death by a thousand slops." Now, cURL is removing the bounty payouts as of the end of January.

"We have to try to brake the flood in order not to drown," says cURL maintainer Daniel Stenberg [...]. "Despite being an AI wielding bug hunter himself, Joshua Rogers -- slasher of a hundred bugs -- thinks removing the bounty money is an excellent idea. [...] I think it's a good move and worth a bigger consideration by others. It's ridiculous that it went on for so long to be honest, and I personally would have pulled the plug long ago," he says to etn.se.

An anonymous reader shares a report: Anthropic Chief Executive Dario Amodei predicted a future in which AI will spur significant economic growth -- but could lead to widespread unemployment and inequality. Amodei is both "excited and worried" about the impact of AI, he said in an interview at Davos Tuesday. "I don't think there's an awareness at all of what is coming here and the magnitude of it."

Anthropic is the developer of the popular chatbot Claude. Amodei said the government will need to play a role in navigating the massive displacement in jobs that could result from advances in AI. He said there could be a future with 5% to 10% GDP growth and 10% unemployment. "That's not a combination we've almost ever seen before," he said. "There's gonna need to be some role for government in the displacement that's this macroeconomically large."

Amodei painted a potential "nightmare" scenario that AI could bring to society if not properly checked, laying out a future in which 10 million people -- 7 million in Silicon Valley and the rest scattered elsewhere -- could "decouple" from the rest of society, enjoying as much as 50% GPD growth while others were left behind. "I think this is probably a time to worry less about disincentivizing growth and worry more about making sure that everyone gets a part of that growth," Amodei said. He noted that was "the opposite of the prevailing sentiment now," but the reality of technological change will force those ideas to change.

An anonymous reader shares a report: Europe must invest in its own open source artificial intelligence labs and address soaring energy prices, or it will quickly find itself dependent on Chinese models, former Google chief executive and tech investor Eric Schmidt said.

"In the US, the companies are largely moving to closed source, which means they'll be purchased and licensed and so forth. And it is also the case that China is largely open weight, open source in its approach," Schmidt said at the World Economic Forum in Davos, Switzerland, on Tuesday. "Unless Europe is willing to spend lots of money for European models, Europe will end up using the Chinese models. It's probably not a good outcome for Europe."

The American monoculture -- the era when three television networks, seven movie studios, and a handful of record labels determined virtually everything the country watched and heard -- is collapsing under the weight of algorithmic recommendation engines and infinite streaming options. An estimated 200 million tickets were sold for "Gone With the Wind" in 1939 when the U.S. population was 130 million; more than 100 million people watched the MAS*H finale in 1983.

Only three American productions grossed more than $1 billion in 2025, down from nine in 2019. "That broad experience has become a more difficult thing for us studio people to manufacture," said Donna Langley, chairman of NBCUniversal Entertainment. "The audience wants a much better value for their money."

YouTube became the most popular video platform on televisions not by having the hottest shows but by having something for everyone. The internet broke Hollywood's hold on distribution; anyone can now stream to the same devices Disney and Netflix use.

An anonymous reader shared this report from CNBC: Led by Texas and New Hampshire, U.S. states across the national map, both red and blue in political stripes, are developing bitcoin strategic reserves and bringing cryptocurrencies onto their books through additional state finance and budgeting measures. Texas recently became the first state to purchase bitcoin after a legislative effort that began in 2024, but numerous states have joined the "Reserve Race" to pass legislation that will allow them to ultimately buy cryptocurrencies. New Hampshire passed its crypto strategic reserve law last May, even before Texas, giving the state treasurer the authority to invest up to 5% of the state funds in crypto ETFs, though precious metals such as gold are also authorized for purchase. Arizona passed similar legislation, while Massachusetts, Ohio, and South Dakota have legislation at various stages of committee review...

Similarities in the actions taken across states to date include include authorizing the state treasurer or other investment official to allow the investment of a limited amount of public funds in crypto and building out the governance structure needed to invest in crypto... [New Hampshire] became the first state to approve the issuance of a bitcoin-backed municipal bond last November, a $100 million issuance that would mark the first time cryptocurrency is used as collateral in the U.S. municipal bond market. The deal has not taken place yet, though plans are for the issuance to occur this year... "What's different here is it's bitcoin rather than taxpayer dollars as the collateral," [said University of Chicago public policy professor Justin Marlowe]. In numerous states, including, Colorada, Utah, and Louisiana,crypto is now accepted as payment for taxes and other state business...

"For many in the state/local investing industry, crypto-backed assets are still far too speculative and volatile for public money," Marlowe said. "But others, and I think there's a sort of generational shift in the works, see it as a reasonable store of value that is actually stronger on many other public sector values like transparency and asset integrity," he added.
Public policy professor Marlowe "sees the state-level trend as largely one of signaling at present," according to the article. (Marlowe says "If you're a governor and you want to broadcast that you are amenable to innovative business development in the digital economy, these are relatively low-cost, low-risk ways to send that signal.") But the bigger steps may reflect how crypto advocates have increasing political power in the states. The article notes that the cryptocurrency industry was the largest corporate donor in a U.S. election cycle in 2024, "with support given to candidates on both sides."

"It is already amassing a war chest for the 2026 midterms."

This week Noema magazine published a 7,000-word exploration of our modern "Mythology Of Conscious AI" written by a neuroscience professor who directs the University of Sussex Centre for Consciousness Science: The very idea of conscious AI rests on the assumption that consciousness is a matter of computation. More specifically, that implementing the right kind of computation, or information processing, is sufficient for consciousness to arise. This assumption, which philosophers call computational functionalism, is so deeply ingrained that it can be difficult to recognize it as an assumption at all. But that is what it is. And if it's wrong, as I think it may be, then real artificial consciousness is fully off the table, at least for the kinds of AI we're familiar with.
He makes detailed arguments against a computation-based consciousness (including "Simulation is not instantiation... If we simulate a living creature, we have not created life.") While a computer may seem like the perfect metaphor for a brain, the cognitive science of "dynamical systems" (and other approaches) reject the idea that minds can be entirely accounted for algorithmically. And maybe actual life needs to be present before something can be declared conscious.

He also warns that "Many social and psychological factors, including some well-understood cognitive biases, predispose us to overattribute consciousness to machines."

But then his essay reaches a surprising conclusion: As redundant as it may sound, nobody should be deliberately setting out to create conscious AI, whether in the service of some poorly thought-through techno-rapture, or for any other reason. Creating conscious machines would be an ethical disaster. We would be introducing into the world new moral subjects, and with them the potential for new forms of suffering, at (potentially) an exponential pace. And if we give these systems rights, as arguably we should if they really are conscious, we will hamper our ability to control them, or to shut them down if we need to. Even if I'm right that standard digital computers aren't up to the job, other emerging technologies might yet be, whether alternative forms of computation (analogue, neuromorphic, biological and so on) or rapidly developing methods in synthetic biology. For my money, we ought to be more worried about the accidental emergence of consciousness in cerebral organoids (brain-like structures typically grown from human embryonic stem cells) than in any new wave of LLM.

But our worries don't stop there. When it comes to the impact of AI in society, it is essential to draw a distinction between AI systems that are actually conscious and those that persuasively seem to be conscious but are, in fact, not. While there is inevitable uncertainty about the former, conscious-seeming systems are much, much closer... Machines that seem conscious pose serious ethical issues distinct from those posed by actually conscious machines. For example, we might give AI systems "rights" that they don't actually need, since they would not actually be conscious, restricting our ability to control them for no good reason. More generally, either we decide to care about conscious-seeming AI, distorting our circles of moral concern, or we decide not to, and risk brutalizing our minds. As Immanuel Kant argued long ago in his lectures on ethics, treating conscious-seeming things as if they lack consciousness is a psychologically unhealthy place to be...

One overlooked factor here is that even if we know, or believe, that an AI is not conscious, we still might be unable to resist feeling that it is. Illusions of artificial consciousness might be as impenetrable to our minds as some visual illusions... What's more, because there's no consensus over the necessary or sufficient conditions for consciousness, there aren't any definitive tests for deciding whether an AI is actually conscious....

Illusions of conscious AI are dangerous in their own distinctive ways, especially if we are constantly distracted and fascinated by the lure of truly sentient machines... If we conflate the richness of biological brains and human experience with the information-processing machinations of deepfake-boosted chatbots, or whatever the latest AI wizardry might be, we do our minds, brains and bodies a grave injustice. If we sell ourselves too cheaply to our machine creations, we overestimate them, and we underestimate ourselves...

The sociologist Sherry Turkle once said that technology can make us forget what we know about life. It's about time we started to remember.

U.S. college graduates "have historically found jobs more quickly than people with only a high school degree," writes Bloomberg.

"But that advantage is becoming a thing of the past, according to new research from the Federal Reserve Bank of Cleveland." "Recently, the job-finding rate for young college-educated workers has declined to be roughly in line with the rate for young high-school-educated workers, indicating that a long period of relatively easier job-finding prospects for college grads has ended," Cleveland Fed researchers Alexander Cline and BarıÅY Kaymak said in a blog post published Monday. The study follows the latest monthly employment data released on Nov. 20, which showed the unemployment rate for college-educated workers continued to rise in September amid an ongoing slowdown in white-collar hiring... The unemployment rate for people between the ages of 20 to 24 was 9.2% in September, up 2.2 percentage points from a year prior.
There is a caveat. "Young college graduates maintain advantages in job stability and compensation once hired..." the researchers write. "The convergence we document concerns the initial step of securing employment rather than overall labor market outcomes."

Their research includes a graph showing how the "unemployment gap" first increased dramatically after 2010 between college-educated and high school-educated workers, which the researchers attribute to "the prolonged jobless recovery after 2008". But that gap has been closing ever since, with that gap now smaller than at any time since the 1970s.

"Young high school workers are riding the wave of the historically tight postpandemic labor market with well-below-average unemployment compared to that of past high school graduates, while young college workers are experiencing unemployment rates rarely observed among past college cohorts barring during recessions." The labor market advantages conferred by a college degree have historically justified individual investment in higher education and expanding support for college access. If the job-finding rate of college graduates continues to decline relative to the rate for high school graduates, we may see a reversal of these trends. The convergence we document concerns the initial step of securing employment rather than overall labor market outcomes. These details suggest a nuanced shift in employment dynamics, one in which college graduates face greater difficulty finding jobs than previously but maintain advantages compared with high school graduates in job stability and compensation once hired.
Two key quotes:

• "Declining job prospects among young college graduates may reflect the continued growth in college attainment, adding ever larger cohorts of college graduates to the ranks of job seekers, even though technology no longer favors college-educated workers."

• "Developments related to AI, which may be affecting job-finding prospects in some cases, cannot explain the decades-long decline in the college job-finding rate."

This week Google "unveiled a set of tools for retailers that helps them roll out AI agents," reports the Wall Street Journal, The new retail AI agents, which help shoppers find their desired items, provide customer support and let people order food at restaurants, are part of what Alphabet-owned Google calls Gemini Enterprise for Customer Experience. Major retailers, including home improvement giant Lowe's, the grocer Kroger and pizza chain Papa Johns say they are already using Google's tools to help prepare for the incoming wave of AI-assisted shopping and ordering...

Kicking off the race among tech giants to get ahead of this shift, OpenAI released its Instant Checkout feature last fall, which lets users buy stuff directly through its chatbot ChatGPT. In January, Microsoft announced a similar checkout feature for its Copilot chatbot. Soon after OpenAI's release last year, Walmart said it would partner with OpenAI to let shoppers buy its products within ChatGPT.
But that's just the beginning, reports the New York Times, with hundreds of start-ups also vying for the attention of retailers: There are A.I. start-ups that offer in-store cameras that can detect a customer's age or gender, robots that manage shelves on their own and headsets that give store workers access to product information in real time... The scramble to exploit artificial intelligence is happening across the retail spectrum, from the highest echelons of luxury goods to the most pragmatic of convenience stores.

7-Eleven said it was using conversational A.I. to hire staff at its convenience stores through an agent named Rita (Recruiting Individuals Through Automation). Executives said that they no longer had to worry about whether applicants would show up to interviews and that the system had reduced hiring time, which had taken two weeks, to less than three days.
The article notes that at the National Retail Federation conference, other companies showing their AI advancements included Applebee's, IHOP, the Vitamin Shoppe, Urban Outfitters, Rag & Bone, Kendra Scott, Michael Kors and Philip Morris.

Seattle was late to the light rail party -- the city rejected transit ballot measures in 1968 and 1971, missing out on federal funding that built Atlanta's MARTA, and didn't approve a plan including rail until 1996 -- but the Pacific Northwest city is now in the middle of a multibillion-dollar building boom that has produced the highest post-pandemic ridership recovery of any US light rail system.

The Link system opened its first line in 2009, funded largely by voter-approved tax measures from 2008 and 2016. The north-south 1 Line now stretches 41 miles after a $3 billion extension to Lynnwood opened in June 2025 and a $2.5 billion leg to Federal Way debuted in December. Ridership is up 24% since 2019, and 3.4 million people rode Link trains in October 2025.

Test trains have been running since September across the I-90 floating bridge over Lake Washington -- what Sound Transit claims is the world's first light rail on a floating structure -- preparing for a May 31 opening. The Crosslake Connection is part of the 2 Line, a 14-mile, $3.7 billion extension voters approved in 2008 that was originally slated to open in 2020. The expansion hasn't come without problems. Sound Transit faces a roughly $30 billion budget shortfall, and a planned Ballard extension has ballooned to $22 billion, double original estimates.

White-collar workers stuck in a cycle of layoffs and stagnant wages might want to look past the traditional tech, finance and media job postings to an unexpected source of opportunity: the blue-collar sector, which faces a labor shortage and is seeing rapid transformation through private-equity investment. These jobs are generally less vulnerable to AI, and the earning trajectory can be steep, the WSJ writes.

At Crash Champions, a car-repair chain that has grown from 13 locations in 2019 to about 650 shops across 38 states, service advisers start at roughly $60,000 after a six-month apprenticeship and can double that within 18 months, according to CEO Matt Ebert. Directors overseeing multiple locations earn more than $200,000. Power Home Remodeling, a PE-backed construction company, says tech sales professionals earning $85,000 to $100,000 could make lateral moves after a 10-week training program.

The share of workers in their early 20s employed in blue-collar roles rose from 16.3% in 2019 to 18.4% in 2024, according to ADP -- five times the increase among 35- to 39-year-olds.

After spending years pushing digital payments to combat tax evasion and money laundering, European Union ministers decided in December to ban businesses from refusing cash. The reversal comes as 12% of European businesses flatly refused cash in 2024, up from 4% three years earlier.

Over one in three cinemas in the Netherlands no longer accept notes and coins. Cash usage across the euro area dropped from 79% of in-person transactions in 2016 to just 52% in 2024. Sweden leads the digital shift where 90% of purchases now happen digitally and cash represents under 1% of GDP compared to 22% in Japan.

The policy change stems from concerns about financial inclusion for elderly and poor populations who struggle with digital systems. Resilience worries also drove the decision after Spaniards facing nationwide power cuts last spring found themselves unable to buy food. European officials worry about dependence on American payment giants Visa and MasterCard. The EU now recommends citizens store enough cash to survive a week without electricity or internet access.

America's largest power-grid operator, PJM, which delivers electricity to 67 million people across a 13-state region from New Jersey to Kentucky, is approaching a supply crisis as AI data centers in Northern Virginia's "Data Center Alley" consume electricity at an unprecedented rate.

The nonprofit expects demand to grow by 4.8% annually over the next decade. Mark Christie, former chairman of the Federal Energy Regulatory Commission, said the reliability risk that was once "on the horizon" is now "across the street." Dominion Energy, the utility serving parts of Virginia, has received requests from data-center developers requiring more than 40 gigawatts of electricity -- roughly twice its Virginia network capacity at the end of 2024. Older power plants are going out of service faster than new ones can be built, and the grid could max out during periods of high demand, forcing rolling blackouts during heat waves or deep freezes.

In November, efforts to establish new rules for data centers stalled when PJM, tech companies, power suppliers and utilities couldn't agree on a plan. Monitoring Analytics, the firm that oversees the market, warned that unless data centers bring their own power supply, "PJM will be in the position of allocating blackouts rather than ensuring reliability."