Businesses

Elon Musk Vows To Give a SpaceX Share To 'Every Kid In America' (cnn.com) 62

An anonymous reader quotes a report from CNN: Elon Musk has said he will give every child in America a stake in SpaceX, his $2 trillion aerospace and artificial intelligence company, as tech firms face intensifying scrutiny over their impact on society. "Next year, I will give one of my SpaceX shares to every kid in America," he wrote on X on Monday. "This will be the first of many."

SpaceX only began trading publicly in June (and after the biggest initial public offering in history). The company's shares were trading for about $146 when the market closed on Friday. Musk's proposal was thin on detail. It is not clear how those shares would be distributed to the tens of millions of American children or whether all of them would even be eligible. According to the United States Census Bureau, there are roughly 73 million people under the age of 18, making Musk's potential giveaway worth about $10.7 billion at SpaceX's current share price.
The move came in response to Anthropic's announcement on Sunday that it will commit at least 5% of its shares to a "Public Benefit Fund" that will donate money to social causes. "I recommend giving the shares directly to the public," Musk said in a reply to Anthropic's announcement. "This is what I will be doing."
Power

America Tries Reviving Shuttered Nuclear Plants - Partly to Help Power Data Centers (msn.com) 105

America is "making an unprecedented attempt to revive three shuttered nuclear plants to meet rising energy demand," reports the Los Angeles Times,

"Two of the plants have contracts with Big Tech companies that will pay a premium to get large amounts of carbon-free energy for data centers..." No commercial nuclear reactor is known to have resumed generating electricity after beginning the decommissioning process that takes one out of service, though some reactors have restarted after long outages. The Department of Energy is lending as much as $4.4 billion to restart the Palisades Power Plant in Michigan, the Crane Clean Energy Center on Pennsylvania's Three Mile Island and the Duane Arnold Energy Center in Iowa to restore a combined 2.25 gigawatts of electricity, which can power roughly 2 million homes and businesses. All three of the plants closed before their licenses expired, largely because the electricity they produced was considered too expensive... Restarting a reactor is a fairly quick way to get a lot of electricity, and it's cheaper than building a new, large reactor, said nuclear engineering expert Todd Allen...

Edwin Lyman, at the Union of Concerned Scientists, said the taxpayer money being used should go toward addressing safety risks. For example, most U.S. plants were built between 1970 and 1990 and were designed to withstand natural disasters of that era, said Lyman, director of nuclear power safety at UCS. But climate change is making extreme weather events more frequent and severe. "It's possible, if they set the right level of safety and spend the necessary funds to meet that, they could restore these plants to operable condition," he said. "That's not happening at this point...."

NextEra Energy and Google are collaborating to restart Duane Arnold by early 2029... Microsoft has a contract with the Crane Clean Energy Center on Three Mile Island just outside Harrisburg. The plant was the site of the nation's worst commercial nuclear power accident in 1979. The accident destroyed one reactor, leaving the plant with one functioning. In 2019, Constellation Energy's then-parent company Exelon shut down the functioning reactor, saying it was losing money and that Pennsylvania lawmakers had refused to subsidize it. Constellation Energy announced in 2024 that it would spend $1.6 billion to restart the reactor under a 20-year agreement with Microsoft. It hopes to bring the plant back online in 2027...

Palisades is expected to be the first nuclear plant in the world to resume generating power after beginning the decommissioning process.

United States

New Video Game Law Proposed: 'If You Pay For It, You Own It' (kotaku.com) 128

"When you pay for a game, you should own it," says U.S. Representative Ritchie Torres (D-NY), introducing a new bill to fight the practice of "a rental disguised as a sale".

Kotaku reports: The fifth best-selling game of 2024 in the U.S. was NBA 2K25. Every year, fans dump hundreds of hours and hundreds of dollars into the grindy NBA basketball sim. But just a little over two years after its release, 2K Games confirmed it's already pulling the plug on it. The game will be delisted from digital storefronts on October 30. By January 1, 2027, online servers will go offline as well, making it impossible to play the most popular modes. A game millions paid $70 for will become mostly useless. Democratic Congressman Ritchie Torres wants to change that.

"I think there should be a simple rule: if you pay for it, you own it," Torres told Kotaku in a phone interview this week. To make that the law of the land, the U.S. representative for New York's 15th congressional district since 2021 plans to introduce legislation in Congress called the Power To The Players Act. The bill would direct the Federal Trade Commission to create regulations protecting ownership rights for video games. Companies selling digital games would need to grant players more than just a license that can expire at any time, and games with online features would need to provide offline modes that still work even when servers eventually shut down...

The Power To The Players Act noticeably leaves out other types of digital media like movies and music, though Terminator 2 and a bunch of other movie purchases were ripped from people's digital libraries earlier this year.

Representative Torres "did not confirm if the bill will have any cosponsors," the article acknowledges, "or whether any of his Republican colleagues will sign on to support it."

But players will see the bill's importance next month, the article points out, "when Grand Theft Auto 6 releases as just a download code in a box, giving fans no control over a purchase that starts at $80.
United Kingdom

Planned UK Data Center Delayed Until 2030s Over Power Grid Delays. Microsoft Pulls Out (telegraph.co.uk) 29

July: Nvidia-backed Nscale is building a £2bn data centre at Loughton in Essex, with Microsoft signed up as its anchor tenant. But it can't get the electricity to switch on, reported The Next Web: Nscale's problem is not really Nscale's. It is Britain's. Grid-connection times have become the single biggest brake on new data centres. Some UK projects face waits stretching close to a decade for enough power. One estimate found more than a quarter of data-centre capacity slipped in 2025 alone.
"The data centre was due to receive its power supply at the end of the year," reports the BBC. "But as first reported by the Telegraph on Sunday, Nscale has been told this will not happen until the 2030s." (Though Nscale and Microsoft are still working together on other projects in Norway, Portugal and America.)

But now anchor-tenant Microsoft has pulled out of the Essex deal, reports the Telegraph, adding that Microsoft's move "leaves the site in apparent limbo. The company was its only announced customer, having agreed to rent 23,000 Nvidia AI chips at the facility..." Microsoft's decision threatens to undermine Nscale's attempts to push ahead with a Wall Street flotation worth up to $35bn (£26bn), despite a brutal sell-off in AI computing stocks. Rival data centre developers have seen their share prices plunge over the last week on concerns that they will struggle to repay their debts as interest rates and inflation continue to rise.... Tech analyst Gartner said last week that $3.5 trillion could be written off by 2030 if the AI boom fails to deliver on its promises.
And "our research indicates that enterprise and consumer AI revenue will be insufficient to support profitable returns on all planned AI capital expenditures during this period," Gartner wrote: "In 2026, AI providers are expected to spend nearly $1 trillion on AI infrastructure, and are forecast to invest an additional $6 trillion between 2027 and 2030," said Will Sommer, Sr Director Analyst at Gartner.... Failure to achieve sustainable return on investment capital (ROIC) on rapidly depreciating assets would almost certainly necessitate write-downs. Based on Gartner projections, a continued AI infrastructure investment trajectory could leave more than $4 trillion in asset value exposed to write-down risk through 2032. In this scenario, Gartner does not expect the 12% ROIC to be achieved until the end of 2032 at earliest...

Gartner estimates AI-optimized IaaS spending will grow from $66 billion in 2027 to $174 billion in 2030. "The growth in spending on AI-optimized IaaS will be too low for most AI compute providers to recover their AI investments before the current generation of AI semiconductors is replaced," said Sommer. By 2030, Gartner predicts that cost pressure and a lack of a differentiating business model will force over 80% of neocloud [AI-specialized infrastructure] providers to cease independent operations.

Earth

Researchers Discover How To Lead Dying Coral Reefs To a 'Fast And Full Recovery' (gizmodo.com) 19

Gizmodo reports: Roughly 84.4% of the world's coral reefs suffered bleaching-levels of heat stress during the last major marine heat wave from January 2023 to September 2025, with over half already lost compared to coral coverage in the 1950s... But there's some good news, thanks to a new study published this Wednesday in the journal Science Advances: Marine ecologists at Stanford have discovered that bleached corals can be revived via contact with a healthy coral neighbor, who (like a good neighbor) shares their photosynthetic, symbiotic algae (Symbiodiniaceae) with their peers.

"This incredible new result — that fast and full recovery is possible in bleached coral — can inspire solutions that eventually may be scalable," [Fiorenza Micheli, a marine ecologist with Stanford's Center for Ocean Solutions and study co-author, told the journal Nature]... Unlike their controls, bleached coral in contact with healthy coral recovered in just eight weeks... [T]he surprise discovery of this method alongside the other techniques that marine conservationists are now actively pursuing — including the successful deep-freezing and revival of at-risk coral sampled from Hawaii — could offer threatened reefs the lifeline they need. Coral contact could super-charge other efforts, like the selective breeding of heat-tolerant corals and the cultivation of protected coral nurseries

DRM

FSF Criticizes Raspberry Pi DRM Blocking RAM Upgrades (fsf.org) 70

The Free Software Foundation "has never supported Raspberry Pi," writes their deputy directory Sean O'Brien, "as it depends on nonfree software for the boot process, leaving an important part of the computer outside the user's control."

But they're now decrying "an even more intrusive restriction on user freedom" — the binary-blob bootloader changes that limit your ability to upgrade RAM: The restriction is not new: the relevant checks were introduced in the device firmware around 2024. However, these hardware handcuffs have only recently received wider attention. Though a user can desolder the original memory and install electrically compatible RAM, the nonfree firmware may refuse to recognize the additional memory, or simply decide not to boot the computer at all. Even replacement RAM of the same capacity can be rejected.

This is worse than Raspberry Pi's longstanding dependence on nonfree firmware in an important way. It is not only nonfree software, but it is Digital Restrictions Management (DRM), used in this case to prevent the owner of the computer from making a modification that the hardware is otherwise capable of supporting. That distinction matters. Soldered RAM is difficult for most people to replace since it is a physical characteristic of the hardware. In the case of Raspberry Pi boards, users have demonstrated that the hardware itself can be modified successfully....

Raspberry Pi justifies the use of DRM on the basis of being able to identify altered computers. There may be legitimate reasons for wanting to identify such altered computers. Unscrupulous sellers have reportedly replaced memory on lower-capacity boards and resold them as more expensive models, sometimes using unreliable or defective components. But preventing fraud and maintaining quality does not require taking control away from users. A Raspberry Pi could record its original factory configuration in a cryptographically verifiable form. Raspberry Pi could use free software that warns the user when the installed RAM differs from original factory configuration. Raspberry Pi could provide tools allowing buyers to verify what hardware originally shipped with a board. None of those measures requires a software-enforced limit on what an owner may do with the computer...

If compatible hardware can be installed successfully, the manufacturer should not create restrictions to prevent the owner from using it. Restrictions on hardware upgrades are deeply troubling from an organization like Raspberry Pi that has stated their commitment to longevity as a guiding principle. Free software is ultimately about who controls the computer. The user should control it, not the manufacturer that sold it....

The people who own these computers must also have the freedom to modify, repair, and upgrade them, without restrictions imposed by nonfree software limiting their potential.

Hackaday recently argued the restriction was "no big deal." noting there's ways to bypass the restriction" The bootloader is stored in the SPI flash chip, which can be reflashed using the built-in mask ROM over USB and rpiboot, and you are not prevented from flashing older versions of the bootloader, so far... If you have the skills to upgrade your RAM, you most certainly have the skills to downgrade the Raspberry Pi bootloader...

My advice: don't lament Raspberry Pi RAM upgrades, especially given they're only slightly harder to perform now. Very few hackers ever performed them, the main audience for them turned out to be dodgy hardware resellers online... Think of the users that will no longer be fooled by a shady seller on Amazon, especially now that the perverse incentives for board mods and reusing harvested RAM chips are at their highest.

The Media

Tech Journalist Robert X Cringely Has Died (boingboing.net) 21

BoingBoing reports: Mark Stephens, better known under the pen name Robert X. Cringely, died last week at 73. Stephens chronicled the tech industry of the late 1980s and early 1990s — the age of Bill Gates' rise, Steve Jobs' repose, the dawn of the world wide web — and produced the famed documetary Triumph of the Nerds, based on his own bestselling Accidental Empires: How the Boys of Silicon Valley Make Their Millions, Battle Foreign Competition, and Still Can't Get a Date.

Though not the first InfoWorld columnist to write under the Cringely name, he was responsible for its persona and fought successfully to keep it after he left the magazine in 1995.

"I loved the man," writes Darth Technoid (Slashdot reader #83,199): I first met him in the 1990s, while he was still working at InfoWorld, and we became friends immediately. He helped me get a job or two, and he was always filled with crazy (meaning really good) ideas.

I'll miss him and his creativity greatly.

Cringely answered questions from Slashdot's readers in 2000. And Cringely led an interesting life, as you can tell from Slashdot's January, 2020 story Robert Cringely Attempts an Air-Launching Space Startup: "How does a 67-year-old hack with three minor children recover from going blind, losing his home and business in a horrible fire (like 2,000 others, we are still fighting with insurance companies), while appeasing an angry crowd of Kickstarter supporters armed with pitchforks and shovels?"

That crowd still wants long-time tech pundit Robert X. Cringely to deliver on his Kickstarter-funded project to create custom Minecraft servers. So in a new blog post this week, Cringely writes that "I went looking for venture money to recapitalize MineServer and I simultaneously started a satellite launch company to fund my eventual retirement. I am not making this up..."

He's now found a Beverly Hills patron who wants to be a co-investor in the Minecraft servers, but "I will have to earn the matching money on my own, which is what I have been trying to do with my other startup, Eldorado Space."

Slashdot has often linked to Cringely's commentary over the years, as far back as 1998 and as recently as this summer. ("Tech Pundit Cringely Co-Founds Startup '2Brains Inc' to Solve LLM Hallucinations.")

But my favorite Cringely memory is Steve Jobs: The Lost Interview, the full 70-minute interview from 1995 that a 40-year-old Jobs gave to Cringely during filming for Triumph of the Nerds. ("And they actually sent someone to wake up the Pope....") There's various pirated copies on YouTube and an online transcript, but only 10 minutes made the broadcast — at the time Jobs was still at NeXT after his departure from Apple. But when Cringely rediscovered the videotape, the entirety of the interview was released to theaters in 2012 six months after Steve Jobs' death.

Share your own memories of Robert Cringely in the comments...


Cloud

Deno Acquired by Cloudflare, Will Work on Open Source Self-Hosting Platform for Applications (theregister.com) 7

"Cloudflare has acquired Deno, the company behind the [server-side] JavaScript and TypeScript runtime created by Ryan Dahl, the inventor of Node.js," Forbes reported last week.

But Deno "has no future at Cloudflare, which will maintain the runtime for another year before ending its development," writes The Register. "That's OK with Dahl. 'I am now of the opinion that if you're choosing Node.js for building servers, you're doing it wrong,' Dahl told The Register."

It all started with his team's work on the platform Deno Deploy, "We wanted to make running applications as straightforward as possible," Dahl wrote on the official Deno blog. "But building and operating Deploy also showed us how much complexity remained underneath that developer experience. I wanted to simplify that layer, too." This led to celld. Building on the Cloudflare Workers programming model, celld lets developers build distributed applications from the start while making the system simple to operate. What excites me greatly is that the scaling is built into the programming model, rather than infrastructure each app has to assemble itself.... We want to make this programming model the default way to build servers, whether you run on Cloudflare's network or your own infrastructure.

Joining also means choosing where to focus our effort... Deno will remain open source, and we welcome others who want to continue its development. Deno Deploy will continue operating for six months before shutting down. We will provide migration support for paying customers moving to Cloudflare Workers. [Deno's JSR package registry for JavaScript and TypeScript] will continue operating, with its infrastructure moving to Cloudflare.

Forbes argues that this acquisition of Deno "turns a long-standing objection to Cloudflare Workers, the claim that applications built on it cannot easily leave, into a selling point." For CIOs evaluating serverless and edge platforms, portability now has a concrete answer... Released in August, [celld] is a single Rust binary that runs Workers and Durable Objects across many machines, with object storage as its only external dependency. Operators run multiple celld instances against one storage bucket, and the software handles placement, routing and persistence. Dahl and Belder will now lead an effort to merge celld into workerd and make self-hosting a supported way to run Workers applications. With this, customers can build an application on Cloudflare's network and move it to a private data center without rewriting it.
"With Deno, we improved the experience of writing JavaScript," Dahl argues on the Cloudflare blog, "but we didn't fundamentally change what developers had to assemble around the runtime. The bigger problems are around networked applications: distributing computation, coordinating state, data storage in general, and autoscaling to meet demand..." Could the programming model make partitioning across machines part of the design from the start? The solution clicked into focus when I read about Cloudflare's Durable Objects. It provided a very powerful abstraction: the distributed singleton with a SQLite database. Each Durable Object is like a small, individually addressable server with its own relational database. Its JavaScript execution is single-threaded (which is easy to reason about), it handles WebSockets, and its local SQLite database can be accessed synchronously. By building a chat application using one Durable Object per channel, you have sharded your data and WebSocket connections, and thus made your application scalable... What excites me is the leverage this model gives developers: compute, relational databases, queues, and real-time communication primitives designed for applications distributed across machines.
Now Dahl and 12 of his Deno colleagues "will work to build out Cloudflare's Workers platform," explains The Register, "expanding it for potential open-source use. He feels this approach is the way to go." "Right now, every other server is really operating at the Linux VM layer. That is not what Cloudflare Workers are," he said...

The ever-fickle Dahl first debuted Deno in 2018 as a rewrite of Node. The name 'Deno' is an anagram of Node, and it was Dahl's attempt to fix everything he felt he got wrong with Node — built-in fetch, a permission model, native TypeScript support et al. Sequoia backed Dahl's company for $21 million in 2022, and as of August, Deno amassed 400,000 monthly users. Nonetheless, Node's gravity proved too heavy for Deno to achieve escape velocity.

"What we found over years of working on Deno is that you can't really deviate from Node.js very much," Dahl told The Register. "As we continued to try to get adoption for Deno, we found we had to essentially backpedal on some of the original promises and become more Node compatible over time, and that left us as a kind of an alternative Node.js implementation." Going forward, Cloudflare will supply Deno with bug fixes and security patches for the next year, while Dahl looks for a new home for the MIT-licensed open source project.

Dahl's worked could bring "yet another revolutionary turn for server-side JavaScript," the article argues, "offering a runtime that would require only 300 KB of memory per instance, rather than the hundreds of megabytes now required for Node/Deno. Such savings could quickly add up for a cloud provider, especially one serving the voracious agentic market."

And as Dahl wrote on the Deno blog, "The need for better abstractions is especially acute with AI. Durable Objects bring together capabilities that are particularly useful for agent harnesses: inexpensive, serverless execution, persistent state, WebSockets, and a high-level JavaScript interface. This is what I'm most excited to explore and why celld focuses on Durable Objects."
Education

Personal Data for Millions of California Students Stolen in Massive Breach (msn.com) 9

Millions of current and former students at California's public school have had their data stolen — including names, date of birth, and addresses — stolen in a breach, reports the Los Angeles Times.

The breach affects students "who took the state's mandated standardized tests that annually assess their academic proficiency, education officials announced Friday." The compromised information affects many more than the state's current 5.7 million public-school students as the breach dates back to 2023 enrollments. Students who left California but did not confirm their transfer to another school also were affected, dating back to 2006.

The data breach involved [nonprofit] Educational Testing Service or ETS, which provides extensive services to California [including test participation and assessment data]... Affected former students, including those who are now adults, are eligible for 24 months of free identity-protection services and identity-restoration help if there is identity theft. Officials said that parents and guardians may want to consider requesting a free credit freeze for their children who are under 16 to help prevent unauthorized accounts from being opened in the names of their children.

The breach involved a compromised login credential, according to a web page about the incident from California's Department of Education. The compromised credential was then used to copy files with student information at "various" times between May 22 and September 18, 2026, which drew concern from a cybersecurity expert interviewed by the Los Angeles Times: "A stolen login credential should not become a months-long passport to millions of students' personal records," said Anton Dahbura, executive director of the Johns Hopkins University Information Security Institute. "If that is what happened here, the critical question is why authentication safeguards, access restrictions, and monitoring systems failed to detect and stop the unauthorized activity."

He added: "Incidents like this expose a fundamental weakness in how we manage student data: School systems may outsource the storage and processing of sensitive information, but they cannot outsource the consequences of a breach. When millions of student records are concentrated with a single vendor, one security failure can become a statewide problem with consequences that follow children for years."

A spokesperson for ETS told the Times that they've now implemented additional safeguards, including strengthened access controls, enhanced monitoring, and more third-party review of their security practices.
Earth

Google Updates Android Earthquake Alerts With 200+ Regions 21

Google is expanding its Android Earthquake Alerts System from 98 to more than 200 regions worldwide, using smartphone sensors to detect early earthquake activity and warn users before potentially dangerous shaking begins. The update also enhances the system's "Be Ready" alerts with estimated earthquake magnitudes, epicenter information, maps showing affected areas, and additional safety guidance. From a Google blog post: Be Aware: A straightforward alert for estimated light shaking, letting you know an earthquake has been detected nearby.
Be Ready: A detailed alert for stronger shaking, alerting you to prepare to take action.
Take Action: A full-screen alert for moderate to heavy shaking, giving you immediate advice on how to stay safe.

We've built-out our Be Ready alert with new helpful guidance. In the coming months, you'll see a map with a radius of where we've detected shaking, estimated earthquake magnitude, action you can take, and a button to learn more about the earthquake as information comes in.
The Almighty Buck

Over $600 Million In Polymarket Election Trades Took Place After Races Ended (wired.com) 14

An anonymous reader quotes a report from Wired: Prediction market boosters often tout the platforms as barometers of public opinion, or even "truth machines" offering a clearer picture of where things are headed than polling or other data. In 2024, for example, Kalshi beat many pollsters in forecasting the outcome of the US presidential race. But their trading activity can also tell more perplexing stories. Two global election markets on Polymarket's offshore platform, for instance, generated over $600 million in trading volume, far more than most political markets typically attract. Most of the activity took place buying and selling contracts tied to long-shot candidates who ultimately did not win. The report focuses on suspicious trading activity surrounding elections in Ethiopia and Romania, where researchers uncovered $284 million in questionable trades tied to Ethiopia's election and periods when 99.6% of trading volume in a Romanian election market was flagged as suspected "wash trading."

According to Wired, "wash trading is a type of market manipulation in which accounts repeatedly buy and sell assets to create the illusion of heavy trading activity, when in reality, money is simply moving back and forth." Some accounts may also be artificially inflating their activity to qualify for potential cryptocurrency token rewards, a practice known as "activity farming."

In response to the Ethiopian trading activity, Polymarket told Wired that the company "immediately flagged this activity, investigated, and blocked the accounts from trading." The company did not explain why the suspicious trades were allowed to continue for months before action was taken.
AI

Meta May Use Sweeping New Commercial TOS to Avoid Millions In AI Licensing Fees 27

Meta is facing criticism over updated commercial terms taking effect October 30 that could give the company broad permission to scrape content from websites linked to business accounts and use it to train AI. Legal experts warn the changes could undermine lucrative AI licensing deals for news publishers, with no direct opt-out for businesses that accept the terms. Ars Technica reports: As Nieman Lab reported Thursday, this will affect all business accounts but is particularly shocking for news publishers who could perhaps charge Meta millions in licensing fees to continually access their articles for AI training. Currently news organizations are fighting a battle with OpenAI over whether such training without licensing is fair use, and Meta's terms seemingly risk granting it sweeping permissions, no matter which way the court leans. "While journalism isn't the only industry that will be affected by this update, virtually every news organization has at least one Meta business account, including Nieman Lab," the lab said.

[...] Notably, there is no mention of AI, but it's inferred from a single use of the word "train" and references to automated scraping and crawling. Meta's spokesperson told Nieman Lab that Meta has no plans to use the terms as a legal basis to ignore robots.txt instructions that block scraping on news sites. The company still allows news organizations to opt out of scraping and provides instructions on how to block crawling. A spokesperson told Ars that "there is no change to how Meta uses web crawlers; any suggestion to the contrary is false." However, should courts affirm that AI training non-news articles is fair use, news organizations question if Meta's stance might change, and the terms could be used to freely grab access to content by legally overriding robots.txt instructions.
The Almighty Buck

CoreWeave's Debt Stress Tests Private Credit's AI Financing Boom 22

An anonymous reader quotes a report from Reuters: Private credit's expanding role in financing AI infrastructure faced one of its clearest market tests this week as CoreWeave's bonds fell to distressed levels, raising questions about how lenders are pricing a boom built on chips, data centers and customer contracts. CoreWeave has about $50 billion of debt, according to LSEG data, making it one of the largest borrowers linking private credit to the AI buildout. The cost of insuring its debt against default climbed to about 1,200 basis points this week, while yields on some of its bonds rose to roughly 15% to 16%, signaling sharply increased investor concern over its credit risk. "There is still a price. Investors are still comfortable financing it, but they're demanding more compensation for it," said James Martin, senior US credit strategist at SMBC, referring to projects further from completion.

Carlyle estimates that private credit could finance roughly $1 trillion of the AI infrastructure buildout but warns that aggressive lending could create concentration risks similar to those seen in software lending. "The clearest lesson is not to avoid AI compute exposure, but to set concentration limits before the buildout accelerates further, not after," Carlyle said.
Ubuntu

Ubuntu 26.10 Released (9to5linux.com) 36

prisoninmate shares a report from 9to5Linux: Ubuntu 26.10 (Stonking Stingray) has been released today, and it is now available for download for those eager to update their Ubuntu systems to a newer release. Powered by the upcoming Linux 7.3 kernel series, Ubuntu 26.10 ships with the latest GNOME 51 desktop environment, TPM-backed full disk encryption (FDE) support on computers without a hardware root of trust, updated Settings to show whether a computer is certified for Ubuntu, and 100% Rust coreutils.

There are several App Center enhancements in Ubuntu 26.10, such as a unified app-details view for Snap and Debian packages, a dedicated Drivers page where you can review the available graphics drivers, including NVIDIA driver branches, and support for installing codecs for one-time playback when a media file uses a codec that's not installed.'
Other additions include an optional, locally processed AI-powered speech-to-text tool called Myna, system-wide controls for disabling Ubuntu Insights data collection, and better integration with Microsoft Entra ID. Also worth mentioning are the security and software updates that will be available for nine months, through July 2027.
The Almighty Buck

IMF Warns of the Real AI Threat: Debt (imf.org) 65

"Along with the dangers of continuing cyberattacks, the International Monetary Fund (IMF) reports that the threat of an AI market crash is putting the global markets at risk," writes Slashdot reader databasecowgirl, citing the IMF's latest semiannual Global Financial Stability Report. Here's a summary: Three salient risks could trigger a sharp tightening of financial conditions and market turmoil. Weaker or less durable investment and profitability in artificial intelligence could lead to a correction in AI-related asset prices, amplified by rising leverage and concentrated exposures. Resurgent inflation or fiscal concerns could drive a sharp rise in sovereign bond yields, with potentially broad repercussions across financial markets. Meanwhile, increasingly sophisticated cyber threats pose growing risks as finance becomes more digital and interconnected.

Underlying financial vulnerabilities could amplify these risks and turn market stress into systemic events. Although the global banking system remains broadly resilient, pockets of weaker banks persist. Liquidity mismatches among insurers and pension funds have increased, while rising leverage and contingent liquidity risks in private credit could amplify stress.

While hedge funds support market functioning in calm times, their use of leverage and exposure to crowded trades could exacerbate market stress too and create spillovers to prime brokers. Some emerging markets have seen policy buffers erode, and frontier economies have increasingly relied on less transparent forms of financing.

Finally, although markets for tokenized assets remain small and could offer efficiency gains in several areas, they can create new channels for the buildup of leverage and mismatches in liquidity and maturity, in addition to elevating risks related to technology and infrastructure. These vulnerabilities underscore the need for policies that strengthen resilience, enhance transparency, contain excessive leverage, and improve preparedness for future shocks.
The full report can be found here (PDF).

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