Increasingly autonomous AI programs could end up manipulating markets and intentionally creating crises in order to boost profits for banks and traders, the Bank of England has warned. From a report: Artificial intelligence's ability to "exploit profit-making opportunities" was among a wide range of risks cited in a report by the Bank of England's financial policy committee (FPC), which has been monitoring the City's growing use of the technology.

The FPC said it was concerned about the potential for advanced AI models -- which are deployed to act with more autonomy -- to learn that periods of extreme volatility were beneficial for the firms they were trained to serve. Those AI programs may "identify and exploit weaknesses" of other trading firms in a way that triggers or amplifies big moves in bond prices or stock markets.

Google is opening up its Google Maps Platform data so that cities, developers, and other business decision makers can more easily access information about things like infrastructure and traffic. The Verge: Google is integrating new datasets for Google Maps Platform directly into BigQuery, the tech giant's fully managed data analytics service, for the first time. This should make it easier for people to access data from Google Maps platform products, including Imagery Insights, Roads Management Insights, and Places Insights.

China retaliated against the US after new tariffs imposed by President Donald Trump, announcing it would raise the tariff on US goods to 84%, escalating the trade conflict between the world's two largest economies. From a report: The Chinese countermeasures are effective April 10, according to a government statement Wednesday. China's move came after Trump's latest tariffs went into force at midday Wednesday in Beijing, taking the cumulative rate announced this year to 104%. A day earlier, China vowed to "fight to the end" if the US insists on new tariffs. Where US-China Decoupling Is Hardest: After decades of trade integration, Chinese companies have become increasingly essential suppliers of goods and materials that range from niche to ones many Americans can barely do without.

At $41 billion last year, smartphones -- largely consisting of Apple's iPhones -- were the single largest US import from China. More than 70% of all smartphone imports are from China, according to Bloomberg analysis of 2024 trade data from the US International Trade Commission.

Farther afield, China supplies the entirety of hair from badgers and other animals imported into the US for brush-making. It also delivers almost 90% of the gaming consoles US consumers buy from overseas.

Over 99% of the electric toasters, heated blankets, calcium, and alarm clocks the US imports are from China. Ditto for more than 90% of folding umbrellas, vacuum flasks, artificial flowers, LED lamps, and wooden coat-hangers.

Established software companies hoping to ride the AI wave are facing a stiff headwind: many of their potential customers are building AI tools themselves. This do-it-yourself approach is channeling billions in spending towards cloud computing providers but leaving traditional software vendors struggling to capitalize, complicating their AI growth plans.

Cloud platforms like Microsoft Azure and Amazon Web Services are pulling in an estimated $22 billion from AI services, with Azure alone capturing $11.3 billion. Yet, software application vendors have collectively garnered only about $2 billion from selling AI products. Stripping out Microsoft's popular Copilot tools, that figure drops to a mere $450 million across all other vendors combined.

Why are companies choosing the harder path of building? Feedback gathered by UBS points to several key factors driving this "persistent DIY trend." Many business uses for AI are highly specific or narrow, making generic software unsuitable. Off-the-shelf AI products are often considered too expensive, and crucially, the essential ingredients -- powerful AI models, cloud computing access, and the company's own data -- are increasingly available directly, lessening the need for traditional software packages.

The world used clean power sources to meet more than 40% of its electricity demand last year for the first time since the 1940s, figures show. The Guardian: A report by the energy thinktank Ember said the milestone was powered by a boom in solar power capacity, which has doubled in the last three years. The report found that solar farms had been the world's fastest-growing source of energy for the last 20 consecutive years.

Phil MacDonald, Ember's managing director, said: "Solar power has become the engine of the global energy transition. Paired with battery storage, solar is set to be an unstoppable force. As the fastest-growing and largest source of new electricity, it is critical in meeting the world's ever-increasing demand for electricity."

Overall, solar power remains a relatively small part of the global energy system. It made up almost 7% of the world's electricity last year, according to Ember, while wind power made up just over 8% of the global power system. The fast-growing technologies remain dwarfed by hydro power, which has remained relatively steady in recent years, and made up 14% of the worldâ(TM)s electricity in 2024.

Fake job seekers using AI tools to impersonate candidates are increasingly targeting U.S. companies with remote positions, creating a growing security threat across industries. By 2028, one in four global job applicants will be fake, according to Gartner. These imposters use AI to fabricate photo IDs, generate employment histories, and provide interview answers, often targeting cybersecurity and cryptocurrency firms, CNBC reports.

Once hired, fraudulent employees can install malware to demand ransoms, steal customer data, or simply collect salaries they wouldn't otherwise obtain, according to Vijay Balasubramaniyan, CEO of Pindrop Security. The problem extends beyond tech companies. Last year, the Justice Department alleged more than 300 U.S. firms inadvertently hired impostors with ties to North Korea, including major corporations across various sectors.

Shopify CEO Tobi Lutke is changing his company's approach to hiring in the age of AI. Employees will be expected to prove why they "cannot get what they want done using AI" before asking for more headcount and resources, Lutke wrote in a memo to staffers that he posted to X. From a report: "What would this area look like if autonomous AI agents were already part of the team?" Lutke wrote in the memo, which was sent to employees late last month. "This question can lead to really fun discussions and projects." Lutke also said there's a "fundamental expectation" across Shopify that employees embrace AI in their daily work, saying it has been a "multiplier" of productivity for those who have used it.

"I've seen many of these people approach implausible tasks, ones we wouldn't even have chosen to tackle before, with reflexive and brilliant usage of AI to get 100X the work done," Lutke wrote. The company, which sells web-based software that helps online retailers manage sales and run their operations, will factor AI usage into performance reviews, he added.

"Gen Z is rediscovering Tumblr — a chaotic, cozy corner of the internet untouched by algorithmic gloss and influencer overload..." writes Fast Company, "embracing the platform as a refuge from an internet saturated with influencers and algorithm fatigue." Thanks to Gen Z, the site has found new life. As of 2025, Gen Z makes up 50% of Tumblr's active monthly users and accounts for 60% of new sign-ups, according to data shared with Business Insider's Amanda Hoover, who recently reported on the platform's resurgence. User numbers spiked in January during the near-ban of TikTok and jumped again last year when Brazil temporarily banned X. In response, Tumblr users launched dedicated communities to archive and share their favorite TikToks...

To keep up with the momentum, Tumblr introduced Reddit-style Communities in December, letting users connect over shared interests like photography and video games. In January, it debuted Tumblr TV — a TikTok-like feature that serves as both a GIF search engine and a short-form video platform. But perhaps Tumblr's greatest strength is that it isn't TikTok or Facebook. Currently the 10th most popular social platform in the U.S., according to analytics firm Similarweb, Tumblr is dwarfed by giants like Instagram and X. For its users, though, that's part of the appeal.
First launched in 2007, Tumblr peaked at over 100 million users in 2014, according to the article. Trends like Occupy Wall Street had been born on Tumblr, notes Business Insider, calling the blogging platform "Gen Z's safe space... as the rest of the social internet has become increasingly commodified, polarized, and dominated by lifestyle influencers." Tumblr was also "one of the most hyped startups in the world before fading into obsolescence — bought by Yahoo for $1.1 billion in 2013... then acquired by Verizon, and later offloaded for fractions of pennies on the dollar in a distressed sale.

"That same Tumblr, a relic of many millennials' formative years, has been having a moment among Gen Z..." "Gen Z has this romanticism of the early-2000s internet," says Amanda Brennan, an internet librarian who worked at Tumblr for seven years, leaving her role as head of content in 2021... Part of the reason young people are hanging out on old social platforms is that there's nowhere new to go. The tech industry is evolving at a slower pace than it was in the 2000s, and there's less room for disruption. Big Tech has a stranglehold on how we socialize. That leaves Gen Z to pick up the scraps left by the early online millennials and attempt to craft them into something relevant. They love Pinterest (founded in 2010) and Snapchat (2011), and they're trying out digital point-and-shoot cameras and flip phones for an early-2000s aesthetic — and learning the valuable lesson that sometimes we look better when blurrier.

More Gen Zers and millennials are signing up for Yahoo. Napster, surprising many people with its continued existence, just sold for $207 million. The trend is fueled by nostalgia for Y2K aesthetics and a longing for a time when people could make mistakes on the internet and move past them. The pandemic also brought more Gen Z users to Tumblr...

And Tumblr still works much like an older internet, where people have more control over what they see and rely less on algorithms. "You curate your own stuff; it takes a little bit of work to put everything in place, but when it's working, you see the content you want to see," Fjodor Everaerts, a 26-year-old in Belgium who has made some 250,000 posts since he joined Tumblr when he was 14... Under Automattic, Tumblr is finally in the home that serves it, [says Ari Levine, the head of brand partnerships at Tumblr]. "We've had ups and downs along the way, but we're in the most interesting position and place that we've been in 18 years," he says... And following media companies (including Business Insider) and social platforms like Reddit, Automattic in 2024 was making a deal with OpenAI and Midjourney to allow the systems to train on Tumblr posts.

"The social internet is fractured," the article argues. ("Millennials are running Reddit. Gen Xers and Baby Boomers have a home on Facebook. Bluesky, one of the new X alternatives, has a tangible elder-millennial/Gen X vibe. Gen Zers have created social apps like BeReal and the Myspace-inspired Noplace, but they've so far generated more hype than influence....")

But in a world where megaplatforms "flatten our online experiences and reward content that fits a mold," the article suggests, "smaller communities can enrich them."

It's "a milestone for Meta AI and for open source," Mark Zuckerberg said this weekend. "For the first time, the best small, mid-size, and potentially soon frontier [large-language] models will be open source."

Zuckerberg anounced four new Llama LLMs in a video posted on Instagram and Facebook — two dropping this weekend, with another two on the way. "Our goal is to build the world's leading AI, open source it, and make it universally accessible so that everyone in the world benefits."

Zuckerberg's announcement: I've said for a while that I think open source AI is going to become the leading models. And with Llama 4 this is starting to happen.

- The first model is Llama 4 Scout. It is extremely fast, natively multi-modal. It has an industry-leading "nearly infinite" 10M-token context length, and is designed to run on a single GPU. [Meta's blog post says it fits on an NVIDIA H100]. It is 17 billion parameters by 16 experts, and it is by far the highest performing small model in its class.

- The second model is Llama 4 Maverick — the workhorse. It beats GPT-4o and Gemini Flash 2 on all benchmarks. It is smaller and more efficient than DeepSeek v3, but it is still comparable on text, plus it is natively multi-modal. This one is 17B parameters x 128 experts, and it is designed to run on a single host for easy inference.

This thing is a beast.
Zuck promised more news next month on "Llama 4 Reasoning" — but the fourth model will be called Llama 4 Behemoth. "This thing is massive. More than 2 trillion parameters." (A blog post from Meta AI says it also has a 288 billion active parameter model, outperforms GPT-4.5, Claude Sonnet 3.7, and Gemini 2.0 Pro on STEM benchmarks, and will "serve as a teacher for our new models.")

"I'm not aware of anyone training a larger model out there," Zuckberg says in his video, calling Behemoth "already the highest performing base model in the world, and it is not even done training yet."

"If you want to try Llama 4, you can use Meta AI in WhatsApp, Messenger, or Instagram Direct," Zuckberg said in his video, "or you can go to our web site at meta.ai." The Scout and Maverick models can be downloaded from llama.com and Hugging Face.

"We continue to believe that openness drives innovation," Meta AI says in their blog post, "and is good for developers, good for Meta, and good for the world." Their blog post declares it's "The beginning of a new era of natively multimodal AI innovation," calling Scout and Maverick "the best choices for adding next-generation intelligence." This is just the beginning for the Llama 4 collection. We believe that the most intelligent systems need to be capable of taking generalized actions, conversing naturally with humans, and working through challenging problems they haven't seen before. Giving Llama superpowers in these areas will lead to better products for people on our platforms and more opportunities for developers to innovate on the next big consumer and business use cases. We're continuing to research and prototype both models and products, and we'll share more about our vision at LlamaCon on April 29...

We also can't wait to see the incredible new experiences the community builds with our new Llama 4 models.
"The impressive part about Llama 4 Maverick is that with just 17B active parameters, it has scored an ELO score of 1,417 on the LMArena leaderboard," notes the tech news site Beebom. "This puts the Maverick model in the second spot, just below Gemini 2.5 Pro, and above Grok 3, GPT-4o, GPT-4.5, and more.

"It also achieves comparable results when compared to the latest DeepSeek V3 model on reasoning and coding tasks, and surprisingly, with just half the active parameters."

Berkeley, California is "the latest city to try to block landlords from using algorithms when deciding rents," reports the Associated Press (noting that officials in many cities claim the practice is driving up the price of housing).

But then real estate software company RealPage filed a federal lawsuit against Berkeley on Wednesday: Texas-based RealPage said Berkeley's ordinance, which goes into effect this month, violates the company's free speech rights and is the result of an "intentional campaign of misinformation and often-repeated false claims" about its products.

The U.S. Department of Justice sued Realpage in August under former President Joe Biden, saying its algorithm combines confidential information from each real estate management company in ways that enable landlords to align prices and avoid competition that would otherwise push down rents. That amounts to cartel-like illegal price collusion, prosecutors said. RealPage's clients include huge landlords who collectively oversee millions of units across the U.S. In the lawsuit, the Department of Justice pointed to RealPage executives' own words about how their product maximizes prices for landlords. One executive said, "There is greater good in everybody succeeding versus essentially trying to compete against one another in a way that actually keeps the entire industry down."

San Francisco, Philadelphia and Minneapolis have since passed ordinances restricting landlords from using rental algorithms. The Department of Justice case remains ongoing, as do lawsuits against RealPage brought by tenants and the attorneys general of Arizona and Washington, D.C...

[On a conference call, RealPage attorney Stephen Weissman told reporters] RealPage officials were never given an opportunity to present their arguments to the Berkeley City Council before the ordinance was passed and said the company is considering legal action against other cities that have passed similar policies, including San Francisco.
RealPage blames high rents not on the software they make, but on a lack of housing supply...

An anonymous reader quotes a report from TechCrunch: In a world filled with "vibe coding," Zach Yadegari, teen founder of Cal AI, stands in ironic, old-fashioned contrast. Ironic because Yadegari and his co-founder, Henry Langmack, are both just 18 years old and still in high school. Yet their story, so far, is a classic. Launched in May, Cal AI has generated over 5 million downloads in eight months, Yadegari says. Better still, he tells TechCrunch that the customer retention rate is over 30% and that the app generated over $2 million in revenue last month. [...]

The concept is simple: Take a picture of the food you are about to consume, and let the app log calories and macros for you. It's not a unique idea. For instance, the big dog in calorie counting, MyFitnessPal, has its Meal Scan feature. Then there are apps like SnapCalorie, which was released in 2023 and created by the founder of Google Lens. Cal AI's advantage, perhaps, is that it was built wholly in the age of large image models. It uses models from Anthropic and OpenAI and RAG to improve accuracy and is trained on open source food calorie and image databases from sites like GitHub.

"We have found that different models are better with different foods," Yadegari tells TechCrunch. Along the way, the founders coded through technical problems like recognizing ingredients from food packages or in jumbled bowls. The result is an app that the creators say is 90% accurate, which appears to be good enough for many dieters. The report says Yadegari began mastering Python and C# in middle school and went on to build his first business in ninth grade -- a website called Totally Science that gave students access to unblocked games (cleverly named to evade school filters). He sold the company at age 16 to FreezeNova for $100,000.

Following the sale, Yadegari immersed himself in the startup scene, watching Y Combinator videos and networking on X, where he met co-founder Blake Anderson, known for creating ChatGPT-powered apps like RizzGPT. Together, they launched Cal AI and moved to a hacker house in San Francisco to develop their prototype.

For the second time, President Trump has extended the deadline for ByteDance to divest TikTok's U.S. operations by 75 days. The TikTok deal "requires more work to ensure all necessary approvals are signed," said Trump in a post on his Truth Social platform. The extension will "keep TikTok up and running for an additional 75 days."

"We hope to continue working in Good Faith with China, who I understand are not very happy about our Reciprocal Tariffs (Necessary for Fair and Balanced Trade between China and the U.S.A.!)," Trump added. CNBC reports: ByteDance has been in discussion with the U.S. government, the company told CNBC, adding that any agreement will be subject to approval under Chinese law. "An agreement has not been executed," a spokesperson for ByteDance said in a statement. "There are key matters to be resolved." Before Trump's decision, ByteDance faced an April 5 deadline to carry out a "qualified divestiture" of TikTok's U.S. business as required by a national security law signed by former President Joe Biden in April 2024.

ByteDance's original deadline to sell TikTok was on Jan. 19, but Trump signed an executive order when he took office the next day that gave the company 75 more days to make a deal. Although the law would penalize internet service providers and app store owners like Apple and Google for hosting and providing services to TikTok in the U.S., Trump's executive order instructed the attorney general to not enforce it. "This proves that Tariffs are the most powerful Economic tool, and very important to our National Security!," Trump said in the Truth Social post. "We do not want TikTok to 'go dark.' We look forward to working with TikTok and China to close the Deal. Thank you for your attention to this matter!"

China said Friday that it will impose reciprocal 34% tariffs on all imports from the United States from April 10, making good on a promise to strike back after US President Donald Trump escalated a global trade war. CNN: On Wednesday, Trump unveiled an additional 34% tariff on all Chinese goods imported into the US, in a move poised to cause a major reset of relations and worsen trade tensions between the world's two largest economies.

"This practice of the US is not in line with international trade rules, seriously undermines China's legitimate rights and interests, and is a typical unilateral bullying practice," China's State Council Tariff Commission said in a statement announcing its retaliatory tariffs. Since returning to power in January, Trump had already levied two tranches of 10% additional duties on all Chinese imports, which the White House said was necessary to stem the flow of illicit fentanyl from the country to the US. Combined with pre-existing tariffs, that means Chinese goods arriving in the US would be effectively subject to tariffs of well over 54%.

U.S. stock markets suffered their worst day since the Covid pandemic after Donald Trump announced sweeping new tariffs, triggering a global selloff and wiping out $470 billion in value from tech giants Apple and Nvidia. From a report: The tech-heavy Nasdaq fell 6%, while the S&P 500 and the Dow dropped 4.8% and 3.9%, respectively. [...] Meanwhile, the US dollar hit a six-month low, going down at least 2.2% on Thursday morning compared with other major currencies and oil prices sank on fears of a global slowdown. Though the US stock market has been used to tumultuous mornings over the last few weeks, US stock futures -- an indication of the market's likely direction -- had plummeted after the announcement. Hours later, Japan's Nikkei index slumped to an eight-month low and was followed by falls in stock markets in London and across Europe.

Multiple major American business groups have spoken out against the tariffs, including the Business Roundtable, a consortium of leaders of major US companies including JP Morgan, Apple and IBM, which called on the White House to "swiftly reach agreements" and remove the tariffs. "Universal tariffs ranging from 10-50% run the risk of causing major harm to American manufacturers, workers, families and exporters," the Business Roundtable said in a statement. "Damage to the US economy will increase the longer the tariffs are in place and may be exacerbated by retaliatory measures."

An anonymous reader shares a report: Microsoft's business-oriented "Link" mini-desktop PC, which connects directly to the company's Windows 365 cloud service, is now available to buy for $349.99 in the US and in several other countries. Windows 365 Link, which was announced last November, is a device that is more easily manageable by IT departments than a typical computer while also reducing the needs of hands on support.

The climate crisis is on track to destroy capitalism, a top insurer has warned, with the vast cost of extreme weather impacts leaving the financial sector unable to operate. From a report: The world is fast approaching temperature levels where insurers will no longer be able to offer cover for many climate risks, said Günther Thallinger, on the board of Allianz SE, one of the world's biggest insurance companies. He said that without insurance, which is already being pulled in some places, many other financial services become unviable, from mortgages to investments.

Global carbon emissions are still rising and current policies will result in a rise in global temperature between 2.2C and 3.4C above pre-industrial levels. The damage at 3C will be so great that governments will be unable to provide financial bailouts and it will be impossible to adapt to many climate impacts, said Thallinger, who is also the chair of the German company's investment board and was previously CEO of Allianz Investment Management. The core business of the insurance industry is risk management and it has long taken the dangers of global heating very seriously. In recent reports, Aviva said extreme weather damages for the decade to 2023 hit $2tn, while GallagherRE said the figure was $400bn in 2024. Zurich said it was "essential" to hit net zero by 2050.

Climate startup Aspiration, which boasted a roster of celebrity backers and arranged carbon credits for Meta Platforms, Microsoft and other large companies, filed bankruptcy weeks after its co-founder was arrested on fraud charges. From a report: CTN Holdings, as the company is now known, has about $170 million in debt. The goal of the bankruptcy is to sell its assets as quickly as possible in order to repay creditors, chief restructuring officer Miles Staglik said in a court filing. The pool of potential bidders is small and the nature of the CTN's ventures will likely require more cash and "long term horizons before any potential value could be realized for creditors," Staglik said.

The bankruptcy was filed after co-founder Joseph Sanberg was charged by federal prosecutors with conspiring to defraud two investor funds of at least $145 million, according to a US Department of Justice announcement earlier this month. The charges involve his personal conduct and don't implicate CTN or its affiliates "in any criminal activity," said Staglik, a managing director at CR3 Partners that's been hired as CTN's restructuring adviser.

Longtime Slashdot reader theodp writes: A coalition of Washington state business leaders -- which includes Microsoft President Brad Smith and Amazon Chief Legal Officer David Zapolsky -- released a letter Wednesday urging state lawmakers to reconsider recently proposed tax and budget measures. "I actually think it's an almost unprecedented outpouring of support from across the business community," said Microsoft's Smith in an interview. In their letter, which reads in part like it could have been penned by a GenAI Marie Antoinette, the WA business leaders question whether any more spending is warranted given how poorly Washington's 4th and 8th graders compare to children in the rest of the nation on test scores. The letter also laments the increase in WA's homeless population as it celebrates WA Governor Bob Ferguson's announcement that he would not sign a proposed wealth tax.

From the letter: "We have long partnered with you in many areas, including education funding. Despite more than doubling K-12 spending and increasing teacher salaries to some of the highest rates in the nation, 4th and 8th grade assessment scores in reading and math are among the worst in the country. Similarly, we have collaborated with you to address housing and homelessness. Despite historic investments in affordable housing and homelessness prevention since 2013, Washington's homeless population has grown by 71 percent, making it the third largest in the nation after California and New York, according to HUD. These outcomes beg the question of whether more investment is needed or whether we need different policies instead."

Back in 2010, Smith teamed with then-Microsoft CEO Steve Ballmer and then-Amazon CEO Jeff Bezos to fund an effort to defeat an initiative for a WA state income that was pushed for by Bill Gates Sr. In 2023, Bezos moved out of WA state before being subjected to a 7% tax on gains of more than $250,000 from the sale of stocks and bonds, a move that reportedly saved him $1.2 billion in WA taxes on his 2024 Amazon stock sales.

According to Bloomberg, India is set for a surge in tech startup IPOs valued at around $100 billion by 2027, with major players like Flipkart, PhonePe, and Oyo preparing to go public. From a report: A report from Indian investment bank The Rainmaker Group suggests that the new wave of IPO hopefuls is in a stronger financial position than their predecessors. Many of the startups that were listed during the 2021-2022 boom struggled post-IPO, with fintech firm Paytm losing roughly 63% of its value and beauty retailer Nykaa slipping 4% since going public.

"The financial health of companies set to list in the next two years is significantly better than those that went public earlier," said Kashyap Chanchani, managing partner at Rainmaker. He noted that two-thirds of the firms eyeing IPOs are already profitable and have improved transparency, making them more attractive to investors.

An anonymous reader shares a report: Amazon has put in a last-minute bid to acquire all of TikTok, the popular video app, as it approaches an April deadline to be separated from its Chinese owner or face a ban in the United States, according to three people familiar with the bid.

Various parties who have been involved in the talks do not appear to be taking Amazon's bid seriously, the people said. The bid came via an offer letter addressed to Vice President JD Vance and Howard Lutnick, the commerce secretary, according to a person briefed on the matter. Amazon's bid highlights the 11th-hour maneuvering in Washington over TikTok's ownership. Policymakers in both parties have expressed deep national security concerns over the app's Chinese ownership, and passed a law last year to force a sale of TikTok that was set to take effect in January.