AI

Bitcoin Miners' Pivot To AI Has Lifted Bitcoin-Mining ETF By About 90% This Year (wsj.com) 16

An anonymous reader quotes a report from the Wall Street Journal: It's harder than ever to mine bitcoin. And less profitable, too. But mining-company stocks are still flying, even with cryptocurrency prices in retreat. That's because these firms have something in common with the hottest investment theme on the planet: the massive, electricity-hungry data centers expected to power the artificial-intelligence boom. Some companies are figuring out how to remake themselves as vital suppliers to Alphabet, Amazon, Meta, Microsoft and other "hyperscalers" bent on AI dominance.

Bitcoin-mining -- using vast computer power to solve equations to unlock the digital currency -- has been a lucrative and cutting-edge pursuit in its own right. Lately, however, increased competition and other challenges have eroded profit margins. But just as the bitcoin-mining business began to cool, the AI build-out turned white hot. The AI arms race has created an insatiable demand for some assets the miners already have: data centers, cooling systems, land and hard-to-obtain contracts for electrical power -- all of which can be repurposed to train and power AI models.

It's not a seamless process. Miners often have to build new, specialized facilities, because running AI requires more-advanced cooling and network systems, as well as replacing bitcoin-mining computers with AI-focused graphics processing units. But signing deals with miners allows AI giants to expand faster and cheaper than starting new facilities from scratch. These companies still mine some bitcoin, but the transition gives miners a new source of deep-pocketed customers willing to commit to longer-term leases for their data centers.

"The opportunity for miners to convert to AI is one of the greatest opportunities I could possibly imagine," said Adam Sullivan, chief executive of Core Scientific, which has pivoted to AI data centers. The shift has boosted miners' stocks. The CoinShares Bitcoin Mining ETF has surged about 90% this year, a rally that has accelerated even as bitcoin erased its gains for 2025. The ETF holds shares of miners including Cipher Mining and IREN, both of which have surged following long-term deals with companies such as Amazon and Microsoft. Shares of Core Scientific quadrupled in 2024 after the company signed its first AI contract that February. The stock has gained 10% this year. The company now expects to exit bitcoin mining entirely by 2028.

Media

'Why I Quit Streaming And Got Back Into Cassettes' (404media.co) 144

"In the age of Spotify and AI slop, tapes remind us what we're missing when we stop taking risks," writes author Janus Rose in an article for 404 Media. Here's an excerpt: There are lots of advantages to the cassette lifestyle. Unlike vinyl records, tapes are compact and super-portable, and unlike streaming, you never have to worry about a giant company suddenly taking them away from you. They can be easily duplicated, shared, and made into mixtapes using equipment you find in a junk shop. When I was a kid, the first music I ever owned were tapes I recorded from MTV with a Kids' Fisher Price tape recorder. I had no money, so I would listen to those tapes for hours, relishing every word Kim Gordon exhaled on my bootlegged copy of Sonic Youth's "Bull in the Heather." Just like back then, my rediscovery of cassettes has led me to start listening more intentionally and deeply, devoting more and more time to each record without the compulsion to hit "skip." Most of the cassettes I bought in Tokyo had music I probably never would have found or spent time with otherwise.

Getting reacquainted with tapes made me realize how much has been lost in the streaming era. Over the past two decades, platforms like Spotify co-opted the model of peer-to-peer filesharing pioneered by Napster and BitTorrent into a fully captured ecosystem. But instead of sharing, this ecosystem was designed around screen addiction, surveillance, and instant gratification -- with corporate middlemen and big labels reaping all the profits. Streaming seeks to virtually eliminate what techies like to call "user friction," turning all creative works into a seamless and unlimited flow of data, pouring out of our devices like water from a digital faucet. Everything becomes "Content," flattened into aesthetic buckets and laser-targeted by "perfect fit" algorithms to feed our addictive impulses. Thus the act of listening to music is transformed from a practice of discovery and communication to a hyper-personalized mood board of machine-optimized "vibes."

What we now call "AI Slop" is just a novel and more cynically efficient vessel for this same process. Slop removes human beings as both author and subject, reducing us to raw impulses -- a digital lubricant for maximizing viral throughput. Whether we love or hate AI Slop is irrelevant, because human consumers are not its intended beneficiaries. In the minds of CEOs like OpenAI's Sam Altman, we're simply components in a machine built to maintain and accelerate information flows, in order to create value for an insatiably wealthy investor class. [...]

Tapes and other physical media aren't a magic miracle cure for late-stage capitalism. But they can help us slow down and remember what makes us human. Tapes make music-listening into an intentional practice that encourages us to spend time connecting with the art, instead of frantically vibe-surfing for something that suits our mood from moment-to-moment. They reject the idea that the point of discovering and listening to music is finding the optimal collection of stimuli to produce good brain chemicals. More importantly, physical media reminds us that nothing good is possible if we refuse to take risks. You might find the most mediocre indie band imaginable. Or you might discover something that changes you forever. Nothing will happen if you play it safe and outsource all of your experiences to a content machine designed to make rich people richer.

EU

European Leaders Condemn US Visa Bans as Row Over 'Censorship' Escalates (theguardian.com) 39

European leaders including Emmanuel Macron have accused Washington of "coercion and intimidation," after the US imposed a visa ban on five prominent European figures who have been at heart of the campaign to introduce laws regulating American tech companies. From a report: The visa bans were imposed on Tuesday on Thierry Breton, the former EU commissioner and one of the architects of the bloc's Digital Services Act (DSA), and four anti-disinformation campaigners, including two in Germany and two in the UK.

The other individuals targeted were Imran Ahmed, the British chief executive of the US-based Center for Countering Digital Hate; Anna-Lena von Hodenberg and Josephine Ballon of the German non-profit HateAid; and Clare Melford, co-founder of the Global Disinformation Index. Justifying the visa bans, the US secretary of state, Marco Rubio, wrote on X: "For far too long, ideologues in Europe have led organised efforts to coerce American platforms to punish American viewpoints they oppose. The Trump administration will no longer tolerate these egregious acts of extraterritorial censorship."

Macron condemned the visa ban in furious terms. "These measures amount to intimidation and coercion aimed at undermining European digital sovereignty," he wrote, also on X. "The European Union's digital regulations were adopted following a democratic and sovereign process by the European Parliament and the Council. They apply within Europe to ensure fair competition among platforms, without targeting any third country, and to ensure that what is illegal offline is also illegal online. The rules governing the European Union's digital space are not meant to be determined outside Europe."

Censorship

US Bars Five Europeans It Says Pressured Tech Firms To Censor American Viewpoints Online (apnews.com) 169

An anonymous reader quotes a report from the Associated Press: The State Department announced Tuesday it was barring five Europeans it accused of leading efforts to pressure U.S. tech firms to censor or suppress American viewpoints. The Europeans, characterized by Secretary of State Marco Rubio as "radical" activists and "weaponized" nongovernmental organizations, fell afoul of a new visa policy announced in May to restrict the entry of foreigners deemed responsible for censorship of protected speech in the United States. "For far too long, ideologues in Europe have led organized efforts to coerce American platforms to punish American viewpoints they oppose," Rubio posted on X. "The Trump Administration will no longer tolerate these egregious acts of extraterritorial censorship."

The five Europeans were identified by Sarah Rogers, the under secretary of state for public diplomacy, in a series of posts on social media. [...] The five Europeans named by Rogers are: Imran Ahmed, chief executive of the Centre for Countering Digital Hate; Josephine Ballon and Anna-Lena von Hodenberg, leaders of HateAid, a German organization; Clare Melford, who runs the Global Disinformation Index; and former EU Commissioner Thierry Breton, who was responsible for digital affairs. Rogers in her post on X called Breton, a French business executive and former finance minister, the "mastermind" behind the EU's Digital Services Act, which imposes a set of strict requirements designed to keep internet users safe online. This includes flagging harmful or illegal content like hate speech. She referred to Breton warning Musk of a possible "amplification of harmful content" by broadcasting his livestream interview with Trump in August 2024 when he was running for president.

IOS

iOS 26.3 Brings AirPods-Like Pairing To Third-Party Devices In EU Under DMA (macrumors.com) 15

Under pressure from the Digital Markets Act, Apple's iOS 26.3 adds AirPods-style proximity pairing and notification support for third-party accessories in the EU. The changes will roll out to European users in 2026. MacRumors reports: The Digital Markets Act requires Apple to provide third-party accessories with the same capabilities and access to device features that Apple's own products get. In iOS 26.3, EU wearable device makers can now test proximity pairing and improved notifications.

Here are the new capabilities that Apple is adding:
- Proximity pairing - Devices like earbuds will be able to pair with an iOS device in an AirPods-like way by bringing the accessory close to an iPhone or iPad to initiate a simple, one-tap pairing process. Pairing third-party devices will no longer require multiple steps.
- Notifications - Third-party accessories like smart watches will be able to receive notifications from the iPhone. Users will be able to view and react to incoming notifications, which is functionality normally limited to the Apple Watch. Notifications can only be forwarded to one connected device at a time, and turning on notifications for a third-party device disables notifications to an Apple Watch.

EU

Europe's Public Institutions Are Quietly Ditching US Cloud Providers (theregister.com) 90

European public institutions are quietly migrating away from American cloud providers and office software, driven less by policy ambitions in Brussels than by the mundane legal reality that GDPR-mandated risk assessments keep flagging the US CLOUD Act as an unacceptable threat to citizen data.

Austria's Federal Ministry for Economy, Energy and Tourism moved 1,200 employees to the open-source platform Nextcloud in four months. Germany's Schleswig-Holstein has already transitioned 24,000 of its 30,000 civil servants to LibreOffice, Nextcloud and Thunderbird. The International Criminal Court in The Hague announced in November 2025 that it would replace Microsoft office software after chief prosecutor Karim Khan was temporarily locked out of his Outlook account.

Competition economist Cristina Caffarra estimates that 90% of Europe's digital infrastructure is now controlled by non-European companies. Forrester predicts no European enterprise will fully abandon US hyperscalers in 2026, but these targeted migrations for sensitive government applications are already underway.
DRM

FSF Says Nintendo's New DRM Allows Them to Remotely Render User Devices 'Permanently Unusable' (fsf.org) 61

"In the lead up to its Switch 2 console release, Nintendo updated its user agreement," writes the Free Software Foundation, warning that Nintendo now claims "broad authority to make consoles owned by its customers permanently unusable."

"Under Nintendo's most aggressive digital restrictions management (DRM) update to date, game console owners are now required to give Nintendo the unilateral right to revoke access to games, security updates, and the Internet, at its sole discretion." The new agreement states: "You acknowledge that if you fail to comply with [Nintendo's restrictions], Nintendo may render the Nintendo Account Services and/or the applicable Nintendo device permanently unusable in whole or in part...."

There are probably other reasons that Nintendo has and will justify bricking game consoles, but here are some that we have seen reported:

— "Tampering" with hardware or software in pretty much any way;
— Attempting to play a back-up game;
— Playing a "used" game; or
— Use of a third-party game or accessory...


Nintendo's promise to block a user from using their game console isn't just an empty threat: it has already been wielded against many users. For example, within a month of the Switch 2's release, one user unknowingly purchased an open-box return that had been bricked, and despite functional hardware, it was unusable for many games. In another case, a user installing updates for game cartridges purchased via a digital marketplace had their console disabled. Though it's unclear exactly why they were banned, it's possible that the cartridge's previous owner made a copy and an online DRM check determined that the current and previous owner's use were both "fraudulent." The user only had their console released through appealing to Nintendo directly and providing evidence of their purchase, a laborious process.

Nintendo's new console banning spree is just one instance of the threat that nonfree software and DRM pose to users. DRM is but one injustice posed by nonfree software, and the target of the FSF's Defective by Design campaign. Like with all software, users ought to be able to freely copy, study, and modify the programs running on their devices. Proprietary software developers actively oppose and antagonize their users. In the case of Nintendo, this means punishing legitimate users and burdening them with proving that their use is "acceptable." Console users shouldn't have to tread so carefully with a console that they own, and should they misstep, beg Nintendo to allow them to use their consoles again.

United States

Trump Admin to Hire 1,000 for New 'Tech Force' to Build AI Infrastructure (cnbc.com) 56

An anonymous reader shared this report from CNBC: The Trump administration on Monday unveiled a new initiative dubbed the "U.S. Tech Force," comprising about 1,000 engineers and other specialists who will work on artificial intelligence infrastructure and other technology projects throughout the federal government.

Participants will commit to a two-year employment program working with teams that report directly to agency leaders in "collaboration with leading technology companies," according to an official government website. ["...and work closely with senior managers from companies partnering with the Tech Force."] Those "private sector partners" include Amazon Web Services, Apple, Google Public Sector, Dell Technologies, Microsoft, Nvidia, OpenAI, Oracle, Palantir, Salesforce and numerous others [including AMD, IBM, Coinbase, Robinhood, Uber, xAI, and Zoom], the website says.

The Tech Force shows the Trump administration increasing its focus on developing America's AI infrastructure as it competes with China for dominance in the rapidly growing industry... The engineering corps will be working on "high-impact technology initiatives including AI implementation, application development, data modernization, and digital service delivery across federal agencies," the site says.

"Answer the call," says the new web site at TechForce.gov.

"Upon completing the program, engineers can seek employment with the partnering private-sector companies for potential full-time roles — demonstrating the value of combining civil service with technical expertise." [And those private sector companies can also nominate employees to participate.] "Annual salaries are expected to be in the approximate range of $150,000 to $200,000."
Unix

Bell Labs 'Unix' Tape from 1974 Successfully Dumped to a Tarball (discuss.systems) 19

Archive.org now has a page with "the raw analog waveform and the reconstructed digital tape image (analog.tap), read at the Computer History Museum's Shustek Research Archives on 19 December 2025 by Al Kossow using a modified tape reader and analyzed with Len Shustek's readtape tool." A Berlin-based retrocomputing enthusiast has created a page with the contents of the tape ready for bootstrapping, "including a tar file of the filesystem," and instructions on dumping an RK05 disk image from tape to disk (and what to do next).

Research professor Rob Ricci at the University of Utah's school of computing posted pictures and video of the tape-reading process, along with several updates. ("So far some of our folks think they have found Hunt The Wumpus and the C code for a Snobol interpreter.") University researcher Mike Hibler noted the code predates the famous comment "You are not expected to understand this" — and found part of the C compiler with a copyright of 1972.

The version of Unix recovered seems to have some (but not all) of the commands that later appeared in Unix v5, according to discussion on social media. "UNIX wasn't versioned as we know it today," explains University of Utah PhD student Thalia Archibald, who researched early Unix history (including the tape) and also worked on its upload. "In the early days, when you wanted to cut a tape, you'd ask Ken if it was a good day — whether the system was relatively bug-free — and copy off the research machine... I've been saying It's probably V5 minus a tiny bit, which turned out to be quite true."
Cloud

Airbus Moving Critical Systems Away From AWS, Google, and Microsoft Citing Data Sovereignty Concerns (theregister.com) 63

Airbus is preparing to tender a major contract to move mission-critical systems like ERP, manufacturing, and aircraft design data onto a digitally sovereign European cloud, citing national security concerns and fears around U.S. extraterritorial laws like the CLOUD Act. "I need a sovereign cloud because part of the information is extremely sensitive from a national and European perspective," Catherine Jestin, Airbus's executive vice president of digital, told The Register. "We want to ensure this information remains under European control." The Register reports: The driver is access to new software. Vendors like SAP are developing innovations exclusively in the cloud, pushing customers toward platforms like S/4HANA. The request for proposals launches in early January, with a decision expected before summer. The contract -- understood to be worth more than 50 million euros -- will be long term (up to ten years), with price predictability over the period. [...] Jestin is waiting for European regulators to clarify whether Airbus would truly be "immune to extraterritorial laws" -- and whether services could be interrupted.

The concern isn't theoretical. Chief Prosecutor of the International Criminal Court (ICC) Karim Khan reportedly lost access to his Microsoft email after Trump sanctioned him for criticizing Israeli PM Benjamin Netanyahu, though Microsoft denies suspending ICC services. Beyond US complications, Jestin questions whether European cloud providers have sufficient scale. "If you asked me today if we'll find a solution, I'd say 80/20."

News

ACM To Make Its Entire Digital Library Open Access Starting January 2026 (acm.org) 22

The Association for Computing Machinery, the world's largest society of computing professionals, announced that all publications and related artifacts in the ACM Digital Library will become freely available to everyone starting January 2026. Authors will retain full copyright to their published work under the new arrangement, and ACM has committed to defending those works against copyright and integrity-related violations.

The transition follows what ACM described as extensive dialogue with authors, Special Interest Group leaders, editorial boards, libraries, and research institutions globally. Students, educators, and researchers at institutions of all sizes -- from well-resourced universities to emerging research communities -- will gain unrestricted access to the full catalog of ACM-published work. The Digital Library houses decades of computing research across journals, magazines, conference proceedings, and books.
Apple

Apple Becomes a Debt Collector With Its New Developer Agreement 28

Apple released an updated developer license agreement this week that gives the company permission to recoup unpaid funds, such as commissions or any other fees, by deducting them from in-app purchases it processes on developers' behalf, among other methods. From a report: The change will impact developers in regions where local law allows them to link to external payment systems. In these cases, developers must report those payments back to Apple to pay the required commissions or fees.

The changed agreement seemingly gives Apple a way to collect what it believes is the correct fee if the company determines a developer has underreported their earnings. [...] In its new developer agreement, Apple states it will "offset or recoup" what it believes it is owed, including "any amounts collected by Apple on your behalf from end-users." This means Apple could recoup funds from developers' in-app purchases -- like those for digital goods, services, and subscriptions -- or from one-time fees for paid applications.
AI

Google AI Summaries Are Ruining the Livelihoods of Recipe Writers 104

Google's AI Mode is synthesizing "Frankenstein" recipes from multiple creators, often stripping away context and accuracy and siphoning traffic and ad revenue away from food bloggers in the process. Many recipe writers warn this shift amounts to an "extinction event" for ad-supported food sites. The Guardian reports: Over the past few years, bloggers who have not secured their sites behind a paywall have seen their carefully developed and tested recipes show up, often without attribution and in a bastardized form, in ChatGPT replies. They have seen dumbed-down versions of their recipes in AI-assembled cookbooks available for digital downloads on Etsy or on AI-built websites that bear a superficial resemblance to an old-school human-written blog. Their photos and videos, meanwhile, are repurposed in Facebook posts and Pinterest pins that link back to this digital slop.

Recipe writers have no legal recourse because recipes generally are not copyrightable. Although copyright protects published or recorded work, they do not cover sets of instructions (although it can apply to the particular wording of those instructions). Without this essential IP, many food bloggers earn their living by offering their work for free while using ads to make money. But now they fear that casual users who rely on search engines or social media to find a recipe for dinner will conflate their work with AI slop and stop trusting online recipe sites altogether.
"For websites that depend on the advertising model," says Matt Rodbard, the founder and editor-in-chief of the website Taste, "I think this is an extinction event in many ways."
United Kingdom

UK Actors Vote To Refuse To Be Digitally Scanned In Pushback Against AI 44

An anonymous reader quotes a report from the Guardian: Actors have voted to refuse digital scanning to prevent their likeness being used by artificial intelligence in a pushback against AI in the arts. Members of the performing arts union Equity were asked if they would refuse to be scanned while on set, a common practice in which actors' likeness is captured for future use -- with 99% voting in favor of the move. The vote was an indicative ballot designed to demonstrate the strength of feeling on the issue, with more than 7,000 members polled on a 75% turnout. However, actors would not be legally protected if they refused to be scanned.

The union said it would write to Pact, the trade body representing the majority of producers and production companies in the UK, to negotiate new minimum standards for pay, as well as terms and conditions for actors working in film and TV. Equity said it may hold a formal ballot depending on the outcome of the negotiations, which, if backed, would give actors legal protection if they were being pressed to accept digital scanning on set.
The general secretary, Paul Fleming, said: "Artificial intelligence is a generation-defining challenge. And for the first time in a generation, Equity's film and TV members have shown that they are willing to take industrial action. Ninety per cent of TV and film is made on these agreements. Over three-quarters of artists working on them are union members. This shows that the workforce is willing to significantly disrupt production unless they are respected, and [if] decades of erosion in terms and conditions begins to be reversed."
Apple

Compromised Apple Gift Card Leads to Apple Account Lockout (tidbits.com) 62

An Apple developer was locked out of his Apple Account after redeeming a compromised Apple Gift Card, exposing how automated fraud systems can effectively cut users off from their digital lives with little explanation or recourse. TidBITS reports: After attempting to redeem a $500 Apple Gift Card purchased from a well-known retailer, Apple developer, author, and /dev/world conference organizer Paris Buttfield-Addison found himself locked out of his Apple Account. He writes: "I am writing this as a desperate measure. After nearly 30 years as a loyal customer, authoring technical books on Apple's own programming languages (Objective-C and Swift), and spending tens upon tens upon tens of thousands of dollars on devices, apps, conferences, and services, I have been locked out of my personal and professional digital life with no explanation and no recourse."

As far as I can tell from his extensively documented story, Buttfield-Addison did nothing wrong. Personally, I wouldn't have purchased an Apple Gift Card to pay for Apple services -- he planned to use it to pay for his 6 TB iCloud+ storage plan. I presume he bought it at a discount, making the hassle worthwhile compared to simply paying with a credit card. But I have received Apple Gift Cards as thank-yous or gifts several times, so I can easily imagine accidentally trying to redeem a compromised card number and ending up in this situation. [...] For now, we can hope that ongoing media attention pushes Apple to unlock Buttfield-Addison's account. More troublingly, if this can happen to such a high-profile Apple user, I have to assume it also afflicts everyday users who lack the media reach to garner coverage.

IOS

Apple Opens iOS To Alternative App Stores, Payment Systems in Japan (apple.com) 23

Apple has announced a sweeping set of changes to iOS in Japan that will allow alternative app marketplaces, third-party payment processing, and non-WebKit browser engines -- all to comply with Japan's Mobile Software Competition Act, which takes effect December 18. The changes, now available in iOS 26.2, bear a strong resemblance to Apple's compliance measures for the European Union's Digital Markets Act but differ in key ways.

Japanese developers who want to offer alternative payment options must display them alongside Apple's in-app purchase system, giving users a choice at checkout rather than replacing Apple's option entirely. Apps cannot be distributed directly from websites as they can in the EU; they must go through an authorized marketplace.

Apple has established a tiered fee structure for the new arrangements. Apps distributed through the App Store using in-app purchase will pay between 15 and 26% depending on whether developers qualify for the Small Business Program. Alternative payment processing drops the 5% payment fee but keeps the base commission. Apps distributed outside the App Store pay a flat 5% Core Technology Commission on digital goods and services.

The company introduced several user-facing changes beyond app distribution. iPhone users in Japan will see browser and search engine choice screens during device setup, can assign third-party voice assistants to the side button, and can select alternative default navigation apps. Apple said it worked closely with Japanese regulators on protections for younger users. Apps in the Kids category cannot link to external websites for purchases, and users under 13 cannot access web links for transactions in any app.

An Apple spokesperson told Bloomberg that the company has no plans to extend these changes to other markets.
Power

Senators Count the Shady Ways Data Centers Pass Energy Costs On To Americans (arstechnica.com) 53

U.S. senators are probing whether Big Tech data centers are driving up local electricity bills by socializing grid upgrade costs onto residents. Some of the tactics they're using include NDAs, shell companies, and lobbying. Ars Technica reports: In letters (PDF) to seven AI firms, Senators Elizabeth Warren (D-Mass.), Chris Van Hollen (D-Md.), and Richard Blumenthal (D-Conn.) cited a study estimating that "electricity prices have increased by as much as 267 percent in the past five years" in "areas located near significant data center activity." Prices increase, senators noted, when utility companies build out extra infrastructure to meet data centers' energy demands -- which can amount to one customer suddenly consuming as much power as an entire city. They also increase when demand for local power outweighs supply. In some cases, residents are blindsided by higher bills, not even realizing a data center project was approved, because tech companies seem intent on dodging backlash and frequently do not allow terms of deals to be publicly disclosed.

AI firms "ask public officials to sign non-disclosure agreements (NDAs) preventing them from sharing information with their constituents, operate through what appear to be shell companies to mask the real owner of the data center, and require that landowners sign NDAs as part of the land sale while telling them only that a 'Fortune 100 company' is planning an 'industrial development' seemingly in an attempt to hide the very existence of the data center," senators wrote. States like Virginia with the highest concentration of data centers could see average electricity prices increase by another 25 percent by 2030, senators noted. But price increases aren't limited to the states allegedly striking shady deals with tech companies and greenlighting data center projects, they said. "Interconnected and interstate power grids can lead to a data center built in one state raising costs for residents of a neighboring state," senators reported.

Under fire for supposedly only pretending to care about keeping neighbors' costs low were Amazon, Google, Meta, Microsoft, Equinix, Digital Realty, and CoreWeave. Senators accused firms of paying "lip service," claiming that they would do everything in their power to avoid increasing residential electricity costs, while actively lobbying to pass billions in costs on to their neighbors. [...] Particularly problematic, senators emphasized, were reports that tech firms were getting discounts on energy costs as utility companies competed for their business, while prices went up for their neighbors.

Bitcoin

JPMorgan Steps Further Into Crypto With Tokenized Money Fund (wsj.com) 26

An anonymous reader quotes a report from the Wall Street Journal: JPMorgan Chase is joining the list of traditional financial firms seeking to bring blockchain technology to an investing staple: the money-market fund. The banking giant's $4 trillion asset-management arm is rolling out its first tokenized money-market fund on the Ethereum blockchain. JPMorgan will seed the fund with $100 million of its own capital, and then open it to outside investors on Tuesday. Called My OnChain Net Yield Fund, or "MONY," the private fund is supported by JPMorgan's tokenization platform, Kinexys Digital Assets, and will be open to qualified investors, or individuals with at least $5 million in investments and institutions with a minimum of $25 million. The fund has a $1 million investment minimum.

Wall Street has waded deeper into tokenization since the passage of the Genius Act earlier this year. The landmark measure, which establishes a regulatory framework for tokenized dollars known as stablecoins, has unleashed a wave of efforts to tokenize everything from stocks and bonds to funds and real assets. "There is a massive amount of interest from clients around tokenization," said John Donohue, head of global liquidity at J.P. Morgan Asset Management. "And we expect to be a leader in this space and work with clients to make sure that we have a product lineup that allows them to have the choices that we have in traditional money-market funds on blockchain."

The Internet

Merriam-Webster's 2025 Word of the Year Is 'Slop' 26

Merriam-Webster crowned "slop" its 2025 Word of the Year, reflecting growing public awareness and and fatigue around low-quality, AI-generated content flooding the internet. "It's such an illustrative word," said Greg Barlow, Merriam-Webster's president. "It's part of a transformative technology, AI, and it's something that people have found fascinating, annoying and a little bit ridiculous." The Associated Press reports: "Slop" was first used in the 1700s to mean soft mud, but it evolved more generally to mean something of little value. The definition has since expanded to mean "digital content of low quality that is produced usually in quantity by means of artificial intelligence." In other words, "you know, absurd videos, weird advertising images, cheesy propaganda, fake news that looks real, junky AI-written digital books," Barlow said. "Words like 'ubiquitous,' 'paradigm,' 'albeit,' 'irregardless,' these are always top lookups because they're words that are on the edge of our lexicon," Barlow said. "'Irregardless' is a word in the dictionary for one reason: It's used. It's been used for decades to mean 'regardless.'"

The announcement can be found here.
Censorship

Russian Ban On Roblox Gaming Platform Sparks Rare Protest (reuters.com) 64

An anonymous reader quotes a report from Reuters: Several dozen people protested on Sunday in the Siberian city of Tomsk against Russia's ban on U.S. children's gaming platform Roblox, a rare show of public dissent as popular irritation over the ban gains some momentum. In wartime Russia, censorship is extensive: Moscow blocks or restricts social media platforms such as Snapchat, Facebook, Instagram, WhatsApp and YouTube while distributing its own narrative through a network of social media and Russian media. Russia's communications watchdog Roskomnadzor said on December 3 it had blocked Roblox because it was "rife with inappropriate content that can negatively impact the spiritual and moral development of children."

In Tomsk, 2,900 km (1,800 miles) east of Moscow, several dozen people braved the snow to hold up hand-drawn placards reading "Hands off Roblox" and "Roblox is the victim of the digital Iron Curtain" in Vladimir Vysotsky Park, according to photographs provided by an organizer of the protest. "Bans and blocks are all you are able to do," read one placard. The photographs showed about 25 people standing in a circle in the snow, holding up placards. In Russia, the ban on Roblox has triggered a debate over censorship, child safety in relation to technology and even the effectiveness of censorship in a digitalized world where children can bypass many bans in a few clicks.

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