From the Washington Post's "Technology 202" newsletter: As tech giants move toward a world in which chatbots supplement, and perhaps supplant, search engines, the Microsoft executive assigned to make sure AI is used responsibly said the industry has to be careful not to break the business model of the wider web. Search engines citing and linking to the websites they draw from is "part of the core bargain of search," [Microsoft's chief Responsible AI officer] said in an interview Monday....

"It's really important to maintain a healthy information ecosystem and recognize it is an ecosystem. And so part of what I will continue to guide our Microsoft teams toward is making sure that we are citing back to the core webpages from which the content is sourced. Making sure that we've got that feedback loop happening. Because that is part of the core bargain of search, right? And I think it's critical to make sure that we are both providing users with new engaging ways to interact, to explore new ideas — but also making sure that we are building and supporting the great work of our creators."
Asked about lawsuits alleging copyright use without permission, they said "We believe that there are strong grounds under existing laws to train models."

But they also added those lawsuits are "asking legitimate questions" about where the boundaries are, "for which the courts will provide answers in due course."

"What if the big tech companies achieved their ultimate business goal — maximizing engagement on their platforms — in a way that has undermined our ability to function as an open society?"

That's the question being asked by Chuck Todd, chief political analyst for NBC News: What if they realized that when folks agree on a solution to a problem, they are most likely to log off a site or move on? It sure looks like the people at these major data-hoarding companies have optimized their algorithms to do just that. As a new book argues, Big Tech appears to have perfected a model that has created rhetorical paralysis. Using our own data against us to create dopamine triggers, tech platforms have created "a state of perpetual disagreement across the divide and a concurrent state of perpetual agreement within each side," authors Frank McCourt and Michael Casey write, adding: "Once this uneasy state of divisive 'equilibrium' is established, it creates profit-making opportunities for the platforms to generate revenue from advertisers who prize the sticky highly engaged audiences it generates."

In their new book, "Our Biggest Fight," McCourt (a longtime businessman and onetime owner of the Los Angeles Dodgers) and Casey are attempting a call to action akin to Thomas Paine's 18th century-era "Common Sense." The book argues that "we must act now to embed the core values of a free, democratic society in the internet of tomorrow." The authors believe many of the current ills in society can be traced to how the internet works. "Information is the lifeblood of any society, and our three-decade-old digital system for distributing it is fatally corrupt at its heart," they write. "It has failed to function as a trusted, neutral exchange of facts and ideas and has therefore catastrophically hindered our ability to gather respectfully to debate, to compromise and to hash out solutions.... Everything, ultimately, comes down to our ability to communicate openly and truthfully with one another. We have lost that ability — thanks to how the internet has evolved away from its open, decentralized ideals...."

Ultimately, what the authors are imagining is a new internet that essentially flips the user agreement 180 degrees, so that a tech company has to agree to your terms and conditions to use your data and has to seek your permission (perhaps with compensation) to access your entire social map of whom and what you engage with on the internet. Most important, under such an arrangement, these companies couldn't prevent you from using their services if you refused to let them have your data... Unlike most anti-Big Tech books, this one isn't calling for the breakup of companies like Meta, Amazon, Alphabet, Microsoft or Apple. Instead, it's calling for a new set of laws that protect data so none of those companies gets to own it, either specifically or in the aggregate...

The authors seem mindful that this Congress or a new one isn't going to act unless the public demands action. And people may not demand this change in our relationship with tech if they don't have an alternative to point to. That's why McCourt, through an organization he founded called Project Liberty, is trying to build our new internet with new protocols that make individual data management a lot easier and second nature. (If you want to understand the tech behind this new internet more, read the book!)
Wait, there's more. The article adds that the authors "envision an internet where all apps and the algorithms that power them are open source and can be audited at will. They believe that simply preventing these private companies from owning and mapping our data will deprive them of the manipulative marketing and behavioral tactics they've used to derive their own power and fortunes at the expense of democracy."

And the NBC News analyst seems to agree. "For whatever reason, despite our societal fear of government databases and government surveillance, we've basically handed our entire personas to the techies of Silicon Valley."

CircleID reports that Multinational internet service provider Cogent recently announced that it was offering $206 million in secured notes (a corporate bond backed by assets). "The unusual part is what it's using as security: some of its IPv4 addresses and the leases on those IPv4 addresses." All internet service providers (ISPs) give IP addresses to their users, but Cogent was among the first to lease those addresses independently of internet access. (Internet access customers normally require a unique address as part of their service.) Sources are hard to find, but prevailing wisdom is that they have over 10M addresses leased for about $0.30 per month, or $36M per year in revenue.

The notes are expected to be repaid in five years.

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

The world's highest astronomical site is officially open for business after being in the works for 26 years. Space.com reports: The Japanese University of Tokyo Atacama Observatory, or TAO, which was first conceptualized 26 years ago to study the evolution of galaxies and exoplanets, is perched on top of a tall mountain in the Chilean Andes at 5,640 meters (18,500 feet) above sea level. The facility's altitude surpasses even the Atacama Large Millimeter Array, which is at an elevation of 5,050 meters (16,570 feet).

TAO is located on the summit of Atacama's Cerro Chajnantor mountain, whose name means "place of departure" in the now-extinct Kunza language of the indigenous Likan Antai community. The region's high altitude, sparse atmosphere and perennially arid climate is deadly to humans, but makes an excellent spot for infrared telescopes like TAO as their observational accuracies rely on low moisture levels, which render Earth's atmosphere transparent in infrared wavelengths.

TAO's 6.5-meter telescope consists of two science instruments designed to observe the universe in infrared, which is electromagnetic radiation with a wavelength longer than visible light but shorter than microwaves. One of the instruments, named SWIMS, will image galaxies from the very early universe to understand how they coalesced out of pristine dust and gas, a process whose specifics remain murky despite decades of research. The second, named MIMIZUKU, will aid the overarching science goal by studying primordial disks of dust within which stars and galaxies are known to form, according to the mission plan. Constructing the telescope on the summit of Mt. Chajnantor "was an incredible challenge, not just technically, but politically too," Yuzuru Yoshii, a professor at the University of Tokyo in Japan who spearheaded TAO since 1998, said in a statement. "I have liaised with Indigenous peoples to ensure their rights and views are considered, the Chilean government to secure permission, local universities for technical collaboration, and even the Chilean Health Ministry to make sure people can work at that altitude in a safe manner."

"Thanks to all involved, research I've only ever dreamed about can soon become a reality, and I couldn't be happier," he added.

An anonymous reader quotes a report from TechCrunch: Hyundai has agreed to spend nearly $1 billion on Motional, an investment that will give the automaker a majority stake while providing the self-driving startup with the necessary capital to keep operating. The Korean automaker invested $475 million directly into Motional as part of a broader deal that includes buying out joint venture partner Aptiv. As part of the deal, Hyundai will spend another $448 million to buy 11% of Aptiv's common equity interest in Motional, according to information revealed Thursday in Aptiv's first-quarter earnings report.

Aptiv also shared that it expects to reduce its common equity interest in Motional from 50% as of March 31 to about 15%, leaving Hyundai with the remaining 85% control. Aptiv Chairman and CEO Kevin Clark flagged in January that the company would reduce its ownership interest in Motional. The company said at the time that it would stop allocating capital towards Motional due to the high cost of commercializing a robotaxi business and the long road ahead to profits. Aptiv on Thursday reduced its full-year net sales forecast for 2024 to be between $20.85 billion and $21.45 billion, down from between $21.3 billion to $21.9 billion. Motional confirmed the new funding round and increased stake from Hyundai, but didn't confirm Aptiv's numbers. Hyundai, however, said the amounts listed in Aptiv's earnings report were accurate. "Motional started as Boston-based autonomous vehicle startup nuTonomy in 2013, before being acquired by Delphi for $450 million," reports TechCrunch. "Delphi would later split it's business with the Aptiv unit absorbing nuTonomy. The entity became Motional under a $4 billion Hyundai-Aptiv joint venture in 2019."

"While it's clear from Aptiv's earnings report that the company is trying to manage risks and optimize finances amid a less positive outlook, the company's retreat, and Hyundai's step forward, raises questions about Motional's future."

Sony Pictures Entertainment and Apollo Global Management have made a bid to acquire Paramount for $26 billion and take it private. Variety reports: Sony and private-equity giant Apollo submitted a letter with the non-binding offer Wednesday to Paramount Global, as first reported by the Wall Street Journal. The bid, which would include the assumption of debt and could be negotiated, would be a premium over the company's current $22 billion enterprise value. Shares of Paramount Global jumped 13% on news of the offer from Apollo and Sony Entertainment, closing at $13.86 per share Thursday.

It's not clear how Paramount's board will proceed on the Sony-Apollo proposal, having rejected previous overtures from the private-equity firm. The company has an exclusive negotiating window with Skydance that ends Friday (May 3), but discussions among the parties could extend beyond that. If it happens, the combination of Sony Pictures with Paramount Pictures would likely result in mass layoffs -- and knock the number of major Hollywood studios from five to four, after Disney took over 20th Century. Sony Corp., which acquired Columbia Pictures in 1990 for $3.5 billion, is the largest studio operator in the industry that does not have a broad-scale direct-to-consumer streaming play.

Under the proposed bid with Apollo, Sony would be the majority owner of the combined company. Sony Corp. would merge Sony Pictures Entertainment into a joint venture with Paramount Global. Sony and Apollo would both contribute cash to finance the deal. What's unclear is what would happen to the 28 local TV stations CBS owns; FCC rules bar foreign entities (i.e. Tokyo-based Sony) from having majority ownership control of broadcast TV stations, so Sony would need to carve out a separate U.S. ownership structure for the station group.

In the Skydance scenario, Redstone would sell her stake in National Amusements, which holds 77% of the voting shares in Paramount Global, to Skydance, whereupon Skydance would merge with Paramount Global in an all-stock deal that would value Skydance at roughly $5 billion. Paramount Global would remain a publicly traded company. Redstone would receive up to $2 billion from the Skydance-NAI transaction; in addition, Skydance would pay a premium for Paramount Global shares and pay $3 billion to the company to help pay down debt. Ellison would serve as CEO of the merged Paramount-Skydance, while Jeff Shell, the former NBCUniversal CEO who is chairman of sports and media at RedBird and works under founder and managing partner Gerry Cardinale, would take on a key management role.

Ecobee, the company that pioneered smart thermostats with its Ecobee Smart in 2008, has announced it will end online support for the device and its commercial counterpart, the Ecobee Energy Management System, on July 31, 2024. The move will disable internet-dependent features such as web portal control, smart integrations, and weather-related functionality, while basic HVAC control and scheduling will remain operational.

Apple is tweaking how it applies a new fee that can apply to iOS developers in the European Union as it continues to configure its approach to the bloc's Digital Markets Act (DMA): Developers of free apps will be able to avoid the fee entirely under changes it announced Thursday, which apply from today, while other developers earning under a certain revenue threshold will get longer before they have to pay Apple the fee. From a report: The so-called "core technology fee" remains opt in for iOS developers in the region, as Apple continues to offer its standard business terms, but those wanting to take up new entitlements the DMA has required Apple to offer -- such as allowing sideloading of apps, third party app stores, and support for alternative payment tech than Apple's own -- must agree to the set of business terms that include the CTF (as Apple calls it).

The fee remains under scrutiny in the region where the Commission, which enforces the DMA on Apple and other gatekeepers -- and opened its first investigations including on Apple in March -- is actively exploring whether the mechanism is enabling the iPhone maker to avoid its obligations to open up the App Store to competition, such as from third party app stores. But so far the EU hasn't prevented Apple from charging a fee.

Joshua Dean, a former quality auditor at Boeing supplier Spirit AeroSystems and one of the first whistleblowers to allege Spirit leadership had ignored manufacturing defects on the 737 MAX, died Tuesday morning after a struggle with a sudden, fast-spreading infection. Seattle Times: Known as Josh, Dean lived in Wichita, Kan., where Spirit is based. He was 45, had been in good health and was noted for having a healthy lifestyle. He died after two weeks in critical condition, his aunt Carol Parsons said. Dean had given a deposition in a Spirit shareholder lawsuit and also filed a complaint with the Federal Aviation Administration alleging "serious and gross misconduct by senior quality management of the 737 production line" at Spirit.

Spirit fired Dean in April 2023, and he had filed a complaint with the Department of Labor alleging his termination was in retaliation for raising concerns related to aviation safety. Parsons said Dean became ill and went to the hospital because he was having trouble breathing just over two weeks ago. He was intubated and developed pneumonia and then a serious bacterial infection, MRSA. His condition deteriorated rapidly, and he was airlifted from Wichita to a hospital in Oklahoma City, Parsons said. There he was put on an ECMO machine, which circulates and oxygenates a patient's blood outside the body, taking over heart and lung function when a patient's organs don't work on their own.

An anonymous reader quotes a report from Reuters: Microsoft said on Thursday it will invest $2.2 billion over the next four years in Malaysia to expand cloud and artificial intelligence (AI) services in the company's latest push to promote its generative AI technology in Asia. The investment, the largest in Microsoft's 32-year history in Malaysia, will include building cloud and AI infrastructure, creating AI-skilling opportunities for 200,000 people, and supporting the country's developers, the company said.

Microsoft will also work with the Malaysian government to establish a national AI Centre of Excellence and enhance the nation's cybersecurity capabilities, the company said in a statement. Prime Minister Anwar Ibrahim, who met Nadella on Thursday, said the investment supported Malaysia's efforts in developing its AI capabilities. Microsoft is trying to expand its support for the development of AI globally. Nadella this week announced a $1.7 billion investment in neighboring Indonesia and said Microsoft would open its first regional data centre in Thailand. "We want to make sure we have world class infrastructure right here in the country so that every organization and start-up can benefit," Microsoft Chief Executive Satya Nadella said during a visit to Kuala Lumpur.

A new battery from Energizer comes with "color alert technology" to alert parents if their child has swallowed one. When the coin lithium battery comes into contact with saliva, it activates a blue dye "so parents and caregivers know that medical attention could be required," reports the New York Times. The battery also features more secure packaging and a nontoxic bitter coating. From the report: The new coin lithium battery features more secure packaging, a nontoxic bitter coating to discourage swallowing and "color alert technology" that activates a blue dye when the battery comes into contact with moisture, like saliva, so parents and caregivers know that medical attention could be required. The new battery was announced in a video last week by Energizer and Trista Hamsmith, whose 18-month-old daughter died after swallowing a button battery from a remote control. Ms. Hamsmith founded a nonprofit organization focused on children's safety, successfully advocated for legislation, known as Reese's Law, that requires a secure compartment of the batteries in products that use them as well as stronger warning labels on all packaging, and is now working to make the batteries themselves safer.

Ingested coin or button batteries result in thousands of emergency hospital visits each year, according to the U.S. Consumer Product Safety Commission, which notes that "the consequences of a child swallowing a battery can be immediate, devastating and deadly." "A button cell battery can burn through a child's throat or esophagus in as little as two hours if swallowed," according to the agency. Secure packaging and bitter coatings for batteries have long existed, but "the massive breakthrough here is the color alert technology, which helps give caretakers that indicator that something has happened," Jeff Roth, the global category leader for batteries at Energizer, said in an interview on Wednesday. "The most significant part about this is getting help early in the process," he said. "That's really what the color alert technology allows the family to do."

According to CNBC, Google is laying off at least 200 employees from its "Core" teams and moving some roles to India and Mexico. From the report: The Core unit is responsible for building the technical foundation behind the company's flagship products and for protecting users' online safety, according to Google's website. Core teams include key technical units from information technology, its Python developer team, technical infrastructure, security foundation, app platforms, core developers, and various engineering roles. At least 50 of the positions eliminated were in engineering at the company's offices in Sunnyvale, California, filings show. Many Core teams will hire corresponding roles in Mexico and India, according to internal documents viewed by CNBC.

Asim Husain, vice president of Google Developer Ecosystem, announced news of the layoffs to his team in an email last week. He also spoke at a town hall and told employees that this was the biggest planned reduction for his team this year, an internal document shows. "We intend to maintain our current global footprint while also expanding in high-growth global workforce locations so that we can operate closer to our partners and developer communities," Husain wrote in the email. [...] "Announcements of this sort may leave many of you feeling uncertain or frustrated," Husain wrote in the email to developers. He added that his message to developers is that the changes "are in service of our broader goals" as a company. The teams involved in the reorganization have been key to the company's developer tools, an area Google is streamlining as it incorporates more artificial intelligence into the products.

Unity has appointed Matthew Bromberg, former CEO of Zynga, as its new CEO, president and board member. "Filling a role that has been temporarily filled by former Red Hat CEO Jim Whitehurst, Bromberg will formally join Unity as CEO on May 15," reports VentureBeat. "Whitehurst will serve as executive chair of the Unity board, and Roelof Botha will transition from chairman to lead independent board member." From the report: Bromberg fills a slot vacated by John Riccitiello, who resigned last fall after a pricing debacle that left game developers extremely angry at Unity. They calmed down after Unity walked back major parts of the price increase. It's an important time for Unity as it is about to ship Unity 6, the latest version of its game engine, in competition with Epic Games' Unreal Engine 5.4. Whitehurst will also return to Silver Lake, one of Unity's two largest shareholders, where he had previously been a senior advisor and will now join as a managing director leading both operating and investment team initiatives.

Bromberg brings over 20 years of experience across the gaming industry, having previously served as Chief Operating Officer of leading mobile game developer and publisher Zynga, where he played a key role in the company's turnaround, and was responsible for Zynga's game studios globally, while also overseeing product development and design, technology, data, and analytics. Bromberg also held multiple leadership roles at Electronic Arts, where he helped scale the company's mobile division and led teams on four continents that built popular games across all major genres.

The US could lose out on valuable AI and tech talent if some of its immigration policies are not modernized, Google says in a letter sent to the Department of Labor. From a report: Google says policies like Schedule A, a list of occupations the government "pre-certified" as not having enough American workers, have to be more flexible and move faster to meet demand in technologies like AI and cybersecurity. The company says the government must update Schedule A to include AI and cybersecurity and do so more regularly.

"There's wide recognition that there is a global shortage of talent in AI, but the fact remains that the US is one of the harder places to bring talent from abroad, and we risk losing out on some of the most highly sought-after people in the world," Karan Bhatia, head of government affairs and public policy at Google, tells The Verge. He noted that the occupations in Schedule A have not been updated in 20 years.

Companies can apply for permanent residencies, colloquially known as green cards, for employees. The Department of Labor requires companies to get a permanent labor certification (PERM) proving there is a shortage of workers in that role. That process may take time, so the government "pre-certified" some jobs through Schedule A. The US Citizenship and Immigration Services lists Schedule A occupations as physical therapists, professional nurses, or "immigrants of exceptional ability in the sciences or arts." While the wait time for a green card isn't reduced, Google says Schedule A cuts down the processing time by about a year.

The massive volumes of debt piling up around the globe forced the president of the World Economic Forum to reach back more than 200 years for a comparable period. Fortune: In an interview Sunday with CNBC at a WEF conference in Saudi Arabia, Borge Brende warned overall debt is approaching the world's total economic output. "We haven't seen this kind of debt since the Napoleonic Wars," he said. "We're getting close to 100% of global GDP in debt."

According to the International Monetary Fund last year, global public debt hit $91 trillion, or 92% of GDP, by the end of 2022. That was actually a dip from pandemic-era debt levels but remained in line with a decades-long trend higher. Data on global debt during the Napoleonic Wars, which took place in the early 1800s, is harder to come by. But for comparison, some estimates put British government debt at more than 200% of GDP by 1815.

Brende also told CNBC that governments need to take fiscal measures to reduce their debts without triggering a recession. For now, global growth is about 3.2% annually, which isn't bad, but it's also below the 4% trend growth the world had seen for decades, he said earlier in the interview. That risks a repeat of the 1970s, when growth was low for a decade, Brende added. But the world can avoid such an outcome if it continues to trade and doesn't engage in more trade wars. "Trade was the engine of growth for decades," he said.

An anonymous reader quotes a report from TechCrunch: The ransomware gang that hacked into U.S. health tech giant Change Healthcare used a set of stolen credentials to remotely access the company's systems that weren't protected by multifactor authentication (MFA), according to the chief executive of its parent company, UnitedHealth Group (UHG). UnitedHealth CEO Andrew Witty provided the written testimony ahead of a House subcommittee hearing on Wednesday into the February ransomware attack that caused months of disruption across the U.S. healthcare system. This is the first time the health insurance giant has given an assessment of how hackers broke into Change Healthcare's systems, during which massive amounts of health data were exfiltrated from its systems. UnitedHealth said last week that the hackers stole health data on a "substantial proportion of people in America."

According to Witty's testimony, the criminal hackers "used compromised credentials to remotely access a Change Healthcare Citrix portal." Organizations like Change use Citrix software to let employees access their work computers remotely on their internal networks. Witty did not elaborate on how the credentials were stolen. However, Witty did say the portal "did not have multifactor authentication," which is a basic security feature that prevents the misuse of stolen passwords by requiring a second code sent to an employee's trusted device, such as their phone. It's not known why Change did not set up multifactor authentication on this system, but this will likely become a focus for investigators trying to understand potential deficiencies in the insurer's systems. "Once the threat actor gained access, they moved laterally within the systems in more sophisticated ways and exfiltrated data," said Witty. Witty said the hackers deployed ransomware nine days later on February 21, prompting the health giant to shut down its network to contain the breach. Last week, the medical firm admitted that it paid the ransomware hackers roughly $22 million via bitcoin.

Meanwhile, UnitedHealth said the total costs associated with the ransomware attack amounted to $872 million. "The remediation efforts spent on the attack are ongoing, so the total costs related to business disruption and repairs are likely to exceed $1 billion over time, potentially including the reported $22 million payment made [to the hackers]," notes The Register.

Walmart isn't making enough money off its new health centers, so it decided to close up shop. From a report: The retail giant announced today that it'll shutter all 51 health centers it opened up across five states since 2019. Walmart is also getting rid of its virtual care program after acquiring telehealth provider MeMD in 2021. "We determined there is not a sustainable business model for us to continue," Walmart said in an announcement today.

"This is a difficult decision, and like others, the challenging reimbursement environment and escalating operating costs create a lack of profitability that make the care business unsustainable for us at this time," Walmart said today. It's an about-face from last year when Walmart said it planned to double its number of health clinics and expand into two new states in 2024.

theodp writes: Reports of the death of Bill Gates' influence at Microsoft have been greatly exaggerated: "Publicly, [Bill] Gates has been almost entirely out of the picture at Microsoft since 2021, following allegations that he had behaved inappropriately toward female employees. In fact, Business Insider has learned, Gates has been quietly orchestrating much of Microsoft's AI revolution from behind the scenes. Current and former executives say Gates remains intimately involved in the company's operations -- advising on strategy, reviewing products, recruiting high-level executives, and nurturing Microsoft's crucial relationship with Sam Altman, the cofounder and CEO of OpenAI.

In early 2023, when Microsoft debuted a version of its search engine Bing turbocharged by the same technology as ChatGPT, throwing down the gauntlet against competitors like Google, Gates, executives said, was pivotal in setting the plan in motion. While Nadella might be the public face of the company's AI success [...] Gates has been the man behind the curtain."[...] "Today, Gates remains close with Altman, who visits his home a few times a year, and OpenAI seeks his counsel on developments. There's a 'tight coupling' between Gates and OpenAI, a person familiar with the relationship said. 'Sam and Bill are good friends. OpenAI takes his opinion and consult overall seriously.' OpenAI spokesperson Kayla Wood confirmed OpenAI continues to meet with Gates."

An anonymous reader quotes a report from Reuters: Energy ministers from the Group of Seven (G7) major democracies reached a deal to shut down their coal-fired power plants in the first half of the 2030s, in a significant step towards the transition away from fossil fuels. "There is a technical agreement, we will seal the final political deal on Tuesday," said Italian energy minister Gilberto Pichetto Fratin, who is chairing the G7 ministerial meeting in Turin. On Tuesday the ministers will issue a final communique detailing the G7 commitments to decarbonize their economies. Pichetto said the ministers were also pondering potential restrictions to Russian imports of liquefied natural gas to Europe which the European Commission is due to propose in the short-term.

The agreement on coal marks a significant step in the direction indicated last year by the COP28 United Nations climate summit to phase out fossil fuels, of which coal is the most polluting. Italy last year produced 4.7% of its total electricity through a handful of coal-fired stations. Rome currently plans to turn off its plants by 2025, except on the island of Sardinia where the deadline is 2028. In Germany and Japan coal has a bigger role, with the share of electricity produced by the fuel higher than 25% of total last year. "This is another nail in the coffin for coal," said Dave Jones, Ember's Global Insights program director. "The journey to phase out coal power has been long: it's been over seven years since the UK, France, Italy, and Canada committed to phase out coal power, so it's good to see the United States and especially Japan at last be more explicit on their intentions."

"The problem is that whilst coal power has already been falling, gas power has not. G7 nations already promised to 'fully or predominantly' decarbonize their power sectors by 2035, and that would mean phasing out not only coal by 2035 but also gas. Coal might be the dirtiest, but all fossil fuels need to be ultimately phased out."

Further reading: Countries Consider Pact To Reduce Plastic Production By 40% in 15 Years

Crypto company Tether announced Monday that it has invested $200 million to acquire a majority stake in brain-computer interface company Blackrock Neurotech via its venture capital division Tether Evo. [The firm is not related to the asset management giant BlackRock.] CoinDesk reports: Blackrock Neurotech develops medical devices that are powered by brain signals and aims to help people impacted by paralysis and neurological disorders. The investment will fund the roll-out and commercialization of the medical devices and also for research and development purposes, the press release said. Tether is the company behind USDT, the largest stablecoin with a market cap of $110 billion. Recently, Tether established four divisions to expand beyond stablecoin issuance. "Tether has long believed in nurturing emerging technologies that have transformative capabilities, and the Brain-Computer-Interfaces of Blackrock Neurotech have the potential to open new realms of communication, rehabilitation, and cognitive enhancement," Paolo Ardoino, CEO of Tether, said in a statement.