A report says Samsung's mobile division could post its first-ever annual loss in 2026, as rising memory costs, tougher competition, and pressure across products like foldables and smartwatches weigh on the business. SammyGuru reports: Samsung boss TM Roh reportedly told company leaders that the mobile (MX) business could lose money this year. That warning has clearly rattled management. The MX unit has long been a key pillar for Samsung. That's why the idea of it slipping into the red is a serious concern for the company's overall performance.

If this prediction holds, it would mark the first time the MX business reports a yearly loss since its inception. That's a sharp turn from its track record so far. It also raises bigger questions about future growth, rising competition, and how Samsung plans to steady the ship in its mobile division.

And it's not like the challenges are easing up. Samsung's foldable market share in the US, where it currently enjoys a dominant position, doesn't look as solid as before, and Apple could shake things up if it enters the segment. On top of that, market reports suggest Samsung's overall smartwatch share could dip in 2026. The Galaxy S26 series seems to be selling well for now, but whether that's enough to move the needle is still up in the air.

An anonymous reader quotes a report from Wired: The Department of Justice announced Thursday that it arrested Gannon Ken Van Dyke, an enlisted member of the US Army's special forces, for allegedly using "classified, nonpublic" information about the capture of Venezuelan president Nicolas Maduro to notch more than $400,000 in profits on Polymarket trades. A grand jury indicted him on five counts, including multiple violations of the Commodity Exchange Act. Van Dyke is the first person to be charged with insider trading on a prediction market in the United States. Lawmakers have been voicing concerns for months about the high likelihood that politicians and public servants could use nonpublic information to profit from trades on leading industry platforms like Polymarket and Kalshi, which have exploded in popularity over the past year. The arrest comes just weeks after Department of Justice prosecutors met with Polymarket about potential insider tradition violations. [...] After Van Dyke's arrest was made public, Polymarket posted a statement to social media noting that it had "identified a user trading on classified government information" and "referred the matter to the DOJ & cooperated with their investigation." The company declined to comment further.

According to court documents, Van Dyke has been an active duty US soldier since September 2008 and rose to the level of master sergeant in 2023. At the time of the alleged trading activity, he was stationed at Fort Bragg in Fayetteville, North Carolina and assigned to the Army's Special Operations Command Western Hemisphere Operations. [...] The complaint alleges that Van Dyke was involved in the planning and execution of Maduro's arrest and that he was aware that he wasn't authorized to share nonpublic information about US military operations. The complaint says that Van Dyke signed a nondisclosure agreement that forbade him from revealing sensitive or classified government information "by writing, word, conduct, or otherwise." The complaint also alleges Van Dyke saved a screenshot to his Google account "displaying the results of an artificial intelligence query" outlining how the US Special Forces maintains many classified files including "operational details that are not available to the public." [...] Van Dyke faces a maximum sentence of 60 years if convicted on all counts.

An anonymous reader quotes a report from Ars Technica: The US military's massive $1.5 trillion budget request for the next fiscal year includes what Pentagon officials described as the largest investment in drone warfare and counter-drone technology in US history. The proposed spending on drone and autonomous warfare technologies within the FY2027 budget proposal for the US Department of Defense would surpass most countries' defense budgets and rank among the top 10 in the world for military spending, ahead of countries such as Ukraine, South Korea, and Israel.

Specifically, the Pentagon is requesting $53.6 billion to boost US production and procurement of drones, train drone operators, build out a logistics network for sustaining drone deployments, and expand counter-drone systems to defend more US military sites. The funding request is budgeted under the Defense Autonomous Warfare Group (DAWG), an organization established in late 2025 that would see a massive budget increase after receiving about $226 million in the 2026 fiscal year budget.

[...] Another $20.6 billion would help purchase one-way attack drones and drone aircraft developed through the US Air Force's Collaborative Combat Aircraft program, which is building drone prototypes capable of teaming up with human-piloted fighter jets. Part of this funding would also go toward defensive systems for countering small drones and the US Navy's Boeing MQ-25 drone designed to perform midair refueling of carrier-borne fighter aircraft to extend their strike ranges. Such drone-related spending even rivals the entire budget of the US Marine Corps. But the Pentagon has not said that it is creating a dedicated drone branch of the US military similar to the standalone Space Force.

Pentagon officials emphasized that most of the money would go toward procuring drone and autonomous warfare technologies that already exist, and is largely separate from additional funding that would bolster US domestic manufacturing capacity to build such weapon systems. "That $70 billion is all going into existing systems and technologies," said Hurst. "The industrial base support is entirely separate." "The evolution we've seen in the battlefield is this evolution of technologies in the timeframe of weeks, not the typical years we see with our defense production," said Lt. Gen. Steven Whitney, director of force structure, resources, and assessment for the Pentagon's Joint Chiefs of Staff, during a Pentagon press briefing. "So it's really critical we work with industry to get that capability fielded."

Firms like Bank of America, Citi, Wells Fargo, and others are reporting strong profits while reducing head count and automating more work. "All of them credited A.I. to some degree ... in areas ranging from the so-called back office, where tens of thousands of employees fill out paperwork to comply with various laws and regulations, to the front office, where seven-figure salaried professionals put together complicated financial transactions for corporate clients," reports the New York Times. From the report: Less than four months ago, Bank of America's chief executive, Brian T. Moynihan, volunteered in a TV interview what he would say to his 210,000 employees about the chance of artificial intelligence replacing human work. "You don't have to worry," he said. "It's not a threat to their jobs." Last week, after Bank of America reported $8.6 billion in profit for the first quarter -- $1.6 billion more than the same period a year earlier -- Mr. Moynihan struck a different tone. The bank's bottom line, he said, was helped by shedding 1,000 jobs through attrition by "eliminating work and applying technology," which he repeatedly specified was artificial intelligence. He predicted more of that in the months and years to come. "A.I. gives us places to go we haven't gone," Mr. Moynihan said.

The veneer of Wall Street's longstanding assertion -- that A.I. will enhance human work, not replace it -- is rapidly peeling away, as evidenced by the current quarterly earnings season. JPMorgan Chase, Citi, Bank of America, Goldman Sachs, Morgan Stanley and Wells Fargo racked up $47 billion in collective profits, up 18 percent, while shedding 15,000 employees. All of them credited A.I. to some degree with helping cut jobs and automate work in areas ranging from the so-called back office, where tens of thousands of employees fill out paperwork to comply with various laws and regulations, to the front office, where seven-figure salaried professionals put together complicated financial transactions for corporate clients.

Unlike executives in Silicon Valley, few major financial figures are stating outright that A.I. is eliminating jobs. Citi, for example, has pledged to shrink its work force by 20,000 people through what one executive described to financial analysts last week as the company's "productivity and efficiency journey." The bank is paying for A.I. software from Anthropic, Google, Microsoft and OpenAI, to automatically read legal documents, approve account openings, send invoices for trades and organize sensitive customer data, among other tasks, according to public statements by bank executives and two people familiar with Citi's systems. Among the recent job cuts at Citi were scores of employees who were part of the bank's "A.I. Champions and Accelerators" program, according to the two people, who were not permitted by the bank to speak publicly. The program involves Citi employees who perform their day jobs while also working to persuade their colleagues to adopt A.I. technologies.

Microsoft is cutting the monthly price of Xbox Game Pass Ultimate and PC Game Pass, but the tradeoff is that new Call of Duty releases will no longer arrive on the service at launch. Instead, they'll show up about a year later. The Verge reports: After Xbox CEO Asha Sharma admitted last week that "Game Pass has become too expensive for players," Microsoft is dropping the price of Xbox Game Pass Ultimate and PC Game Pass. Starting today, Xbox Game Pass Ultimate drops from $29.99 to $22.99 a month, and PC Game Pass moves to $13.99, down from $16.49 a month.

The price drops are being fueled in part by future of Call of Duty titles no longer joining Game Pass Ultimate or PC Game Pass at launch. "New Call of Duty games will be added to Game Pass Ultimate and PC Game Pass during the following holiday season (about a year later), while existing Call of Duty titles already in the library will continue to be available," says Microsoft.

An anonymous reader quotes a report from Denver7: Maryland is poised to become the first state in the country to ban "surveillance pricing." The practice refers to companies using a shopper's personal data, such as browsing history, location, or purchasing behavior, to tailor prices to individual customers. The Protection From Predatory Pricing Act, passed this month and sent to the governor for a signature, would prohibit food retailers and third-party delivery services from using the practice. Violations would be treated as deceptive trade practices under state law, with potential fines and lawsuits. While Consumer Reports called the move "encouraging," it warned that the final version contains "loopholes" that don't fully protect consumers. Some of the exemptions noted in the report include "applying the ban only to the use of personal data to set higher prices without establishing a baseline or standard price; exempting pricing tied to loyalty or membership programs, even if prices are higher; and exempting pricing linked to subscriptions or subscription-based services."

"After a Supreme Court of the United States ruling in Feb. 2026, many tariffs imposed by the Trump administration were declared illegal because the president overstepped his authority," writes Slashdot reader hcs_$reboot. "As a result, the U.S. government now has to refund a massive amount of money, around $160-170+ billion, paid mainly by importers." According to the New York Times, the administration has now begun accepting refund requests, "surrendering its prized source of revenue -- plus interest." From the report: For some U.S. businesses, the highly anticipated refunds could be substantial, offering critical if belated financial relief. Tariffs are taxes on imports, so the president's trade policies have served as a great burden for companies that rely on foreign goods. Many have had to choose whether to absorb the duties, cut other costs or pass on the expenses to consumers. By Monday morning, those companies can begin to submit documentation to the government to recover what they paid in illegal tariffs.

In a sign of the demand, more than 3,000 businesses, including FedEx and Costco, have already sued the Trump administration in a bid to secure their refunds, with some cases filed even before the Supreme Court's ruling. But only the entities that officially paid the tariffs are eligible to recover that money. That means that the fuller universe of people affected by Mr. Trump's policies -- including millions of Americans who paid higher prices for the products they bought -- are not able to apply for direct relief.

The extent to which consumers realize any gain hinges on whether businesses share the proceeds, something that few have publicly committed to do. Some have started to band together in class-action lawsuits in the hopes of receiving a payout. Many business owners said they weren't sure how easy the tariff refund process would be, particularly given Mr. Trump's stated opposition to returning the money. The administration has suggested that it may be months before companies see any money. Adding to the uncertainty, the White House has declined to say if it might still try to return to court in a bid to halt some or all of the refunds. The money will mostly go to importers and companies, since they were the ones that directly paid the tariffs. While individual refunds with interest could take around 60 to 90 days to process, the overall effort will probably move much more slowly because of how large and complicated it will be.

There are also legal questions around whether companies would have to pass any of that money on to consumers. Slashdot reader AmiMoJo commented: "This is perhaps the biggest transfer of wealth in American history. Most of those companies will just pocket the refund and not pass any of it on to the consumer. If prices go down at all, they won't be back to pre-tariff levels. You paid the tariffs, but you ain't getting the refund."

20-year-old Matthew Lane sent a text message to ABC News as his parents drove him to federal prison in Connecticut. "I'm just scared," he said, calling the whole situation "extremely sad." Barely a year earlier, while still a teenager, he helped launch what's been described as the biggest cyberattack in U.S. education history — a data breach that concerned authorities so much, it prompted briefings with senior government officials inside the White House Situation Room. The breach pierced the education technology company PowerSchool — used by 80% of school districts in North America... [and operating in about 90 countries around the world]. With threats to expose social security numbers, dates of birth, family information, grades, and even confidential medical information, the breach cornered PowerSchool into paying millions of dollars in ransom.

"I think I need to go to prison for what I did," Lane told ABC News in an exclusive interview, speaking publicly for the first time about the headline-grabbing heist and his life as a cybercriminal. "It was disgusting, it was greedy, it was rooted in my own insecurities, it was wrong in every aspect," he said in the interview, two days before reporting to prison... At about 6:30 on a Tuesday morning last April, FBI agents started banging on the door of Lane's second-floor dorm room. "FBI! We have a search warrant," Lane recalled them shouting. They seized his devices and many of the luxury items he bought with "dirty" money, as he put it. He said he felt a "wave of relief.... I'm honestly thankful for the FBI," he said. "After they left, I was like, 'It's over ... I'm done with this'..."

A federal judge in Massachusetts sentenced him to four years in federal prison and ordered him to pay more than $14 million in restitution.
"In the wake of the breach, PowerSchool offered two years' worth of credit-monitoring and identity protection services to concerned customer," the article points out. But it also notes two other arrests in September of teenaged cybercriminals:

- A 15-year-old boy in Illinois who allegedly attacked Las Vegas casinos, reportedly costing MGM Resorts alone more than $100 million

- A British national who when he was 16 helped breach over 110 companies around the world and extort $115 million.


But ironically, Lane tells ABC News it all started on Roblox, where he'd met cheaters, password-stealers, and cybercriminals sharing photos of their stacks of money, creating a "sense of camaraderie" Lane and others warn that online forums also attract criminal groups seeking to recruit potential hackers. "The bad guys are on all the platforms watching the kids playing," Hay said. "And when they see an elite-level performer, they go approach that kid, masquerading as another kid, and they go, 'Hey, you want to earn some [money]? ... Here are the tools, here are the techniques'...."

According to Lane, he spent his "ill-gotten gains" on designer clothes, diamond jewelry, DoorDash deliveries, Airbnb rentals for him and his friends, and drugs — "lots of drugs." He said he would numb ever-present feelings of guilt with drugs — from high-potency marijuana to acid. But it was hacking that gave him the strongest high. "It's indescribable the adrenaline you get when you do something like that," he said. "It's way more than driving 120 miles per hour. ... Incomparable to any drug at all, as well."
"On Monday, Roblox announced that, starting in June, it will offer age-checked accounts for younger users that limit what games they can play, and add 'more closely align content access, communication settings, and parental controls with a user's age.'"

An anonymous reader quotes a report from TorrentFreak: Spotify and several major record labels, including UMG, Sony, and Warner, secured a $322 million default judgment against the unknown operators of Anna's Archive. The shadow library failed to appear in court and briefly released millions of tracks that were scraped from Spotify via BitTorrent. In addition to the monetary penalty, a permanent injunction required domain registrars and other parties to suspend the site's domain names. [...]

The music labels get the statutory maximum of $150,000 in damages for around 50 works. Spotify adds a DMCA circumvention claim of $2,500 for 120,000 music files, bringing the total to more than $322 million. The plaintiff previously described their damages request as "extremely conservative." The DMCA claim is based only on the 120,000 files, not the full 2.8 million that were released. Had they applied the $2,500 rate to all released files, the damages figure would exceed $7 billion. Anna's Archive did not show up in court, and the operators of the site remain unidentified. The judgment attempts to address this directly, by ordering Anna's Archive to file a compliance report within ten business days, under penalty of perjury, that includes valid contact information for the site and its managing agents.

Whether the site will comply with this order is highly uncertain. For now, the monetary judgment is mostly a victory on paper, as recouping money from an unknown entity is impossible. For this reason, the music companies also requested a permanent injunction. In addition to the damages award, [Judge Jed Rakoff] entered a permanent worldwide injunction covering ten Anna's Archive domains: annas-archive.org, .li, .se, .in, .pm, .gl, .ch, .pk, .gd, and .vg. Domain registries and registrars of record, along with hosting and internet service providers, are ordered to permanently disable access to those domains, disable authoritative nameservers, cease hosting services, and preserve evidence that could identify the site's operators.

The judgment names specific third parties bound by those obligations, including Public Interest Registry, Cloudflare, Switch Foundation, The Swedish Internet Foundation, Njalla SRL, IQWeb FZ-LLC, Immaterialism Ltd., Hosting Concepts B.V., Tucows Domains Inc., and OwnRegistrar, Inc. Anna's Archive is also ordered to destroy all copies of works scraped from Spotify and to file a compliance report within ten business days, under penalty of perjury, including valid contact information for the site and its managing agents. That last requirement could prove significant, given that the identity of the site's operators remains unknown.

An anonymous reader quotes a report from the Wall Street Journal: Rivian is joining with Redwood Materials to reuse EV batteries for energy storage -- the largest repurposed-battery energy storage system for an automotive manufacturer in the U.S., executives told The Wall Street Journal. Redwood Materials is a battery-recycling firm started by Tesla co-founder JB Straubel. Once completed later this year, Rivian's plant in Normal, Ill., will draw electricity from more than 100 Rivian EV batteries in an area the size of a small parking lot. It will reduce Rivian's dependence on the power grid during peak demand hours. "It saves Rivian money on what it takes to run the plant. It reduces the demand on the grid, which is great," Rivian Chief Executive Officer RJ Scaringe said in an interview.

In the Rivian project, the batteries will come from either its test vehicles or from vehicles that have viable batteries but can no longer drive. Those batteries get sent off to Redwood, which integrates them into power storage units. Both companies declined to specify the cost of this project. The setup is expected to initially provide 10 megawatt-hours of energy, equivalent to about 1,000 home-energy battery storage units linked together, Redwood's Straubel said. "These batteries are already built," he said. "We need to integrate them and connect them together, but that can happen quite fast. They don't have to get imported from some other place." [...] Scaringe said that while branching into battery energy storage systems is "not a focus for us as a business right now," Rivian hopes to do more at its sites with Redwood. "There's hopefully a lot more, and there's going to be a lot of batteries we'll have access to," he said.

Bloomberg describes him as a "former Harvard Medical School professor whose research has focused on the intersection of AI and neuroscience."

"For the past 20 years, I studied how the human brain stores and retrieves memories," Kreiman writes on LinkedIn. And now "My co-founder Spandan Madan and I built a new algorithm to endow humans with perfect and infinite memory." Engramme connects to your **memorome**, i.e., entire digital life. Large Memory Models work in the same way that your brain encodes and retrieves information. Then memories are recalled automatically — no searching, no prompting, no hallucinations. [The startup's web site promises "omniscient AI to augment human cognition."]

We have built the memory layer for EVERY app. Read our manifesto about augmenting human cognition. ["We are not just building software; we are enabling a complete transformation of human cognition. When the friction disappears between needing a piece of information and recalling it, the nature of thought itself changes. This synergy between biological intuition and digital precision will be the most disruptive force in modern history, fundamentally reshaping every profession... We are dedicated to creating a world where everyone has the power to remember everything they have ever learned, seen, or felt "]

Welcome to a new future where you can remember everything. This is the MEMORY SINGULARITY: after 300,000 years, this is the moment that humans stop forgetting.
Bloomberg reports that the startup (spun out of a lab at Harvard) is "in talks with investors to raise about $100 million, according to people familiar with the matter."

Forbes estimates he's worth roughly $110 billion, "placing him ahead of Bill Gates."

And now Changpeng Zhao, the 49-year-old billionaire founder of Binance, "has written a memoir..." It arrives with the unmistakable timing of a man determined to tell the world his version of his meteoric crypto rise and fall, and foreshadow his comeback. The book, Freedom of Money: A Memoir of Protecting Users, Resilience, and the Founding of Binance, runs 364 pages, self-published in English and Chinese.... Zhao also recounts Binance's long battle with U.S. regulators, the company's record $4.3 billion settlement for fostering unscrupulous money launderers, his four-month prison sentence in California, where he says he began writing the book, and his recent pardon by President Trump...

In Zhao's telling, the case brought by multiple U.S. agencies was less about what Binance had done than about what it had become... "It didn't make sense to me, or any of my lawyers. Other than the fact that we were the biggest in the industry." The U.S. government alleged something more specific: that Binance failed to implement programs to prevent or report suspicious transactions — including those tied to Hamas's Al-Qassam Brigades, Al Qaeda, and ISIS — while also processing trades between U.S. users and those in sanctioned jurisdictions like Iran, North Korea, and Syria. In total, regulators alleged the exchange willfully failed to report more than 100,000 suspicious transactions, including those involving terrorist organizations, ransomware attackers, child sexual exploitation material, frauds and scams... The final settlement amount — $4.3 billion, split across the Department of Justice, the Department of the Treasury's Financial Crimes Enforcement Network, the Office of Foreign Assets Control and the U.S. Commodity Futures Trading Commission — was the largest corporate penalty in the history of nearly each agency involved. Attorney General Merrick B. Garland said at the time of the announcement: "Binance became the world's largest cryptocurrency exchange in part because of the crimes it committed."

The prison passages are among the most vivid in the book. Zhao says he was worried about extortion because the media had reported he was the richest person in U.S. prison history, but then realized no one read the WSJ or Bloomberg or recognized him. Zhao also writes about the food, the routines and the specific indignity of confinement, including sharing a cell with a man serving 30 years for killing two people... Writes Zhao of his cellmate, "Soon, I discovered that the most lethal thing about him wasn't his murder conviction, it was his snoring. He snored more loudly than thunder strikes, the sound of which rose even above the constant toilet flushings."
Binance at one point held a roughly 20% stake in Sam Bankman-Fried's FTX and about $580 million in FTT tokens, the article points out. "As FTX neared collapse in late 2022, Zhao writes, Sam Bankman-Fried called to ask for a couple of billion dollars 'nonchalantly, as if he was asking for a bologna sandwich.'

"Some believe that Binance's brief show of interest in acquiring FTX, followed by its abrupt withdrawal from the deal, hastened FTX's spiral into bankruptcy..."

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

175 million people in Brazil now use its instant-payment system "Pix", developed by the country's central bank for real-time payments using QR codes or keys, and American Banker notes that the central banks of Argentina and Costa Rica also have developed their own widely used digital systems for instant payments. Latin America has been able to build up sleek and effective payment systems in record time because it is not held back by legacy payment technology that isn't built for instant money movement. In the likes of the U.K., U.S. and Europe, payment systems are built on infrastructure that is often decades old. The process of building new systems is therefore incredibly operationally complex. Money must continue moving, so these systems can't just be "switched off."

Emerging markets, such as those in Latin America, did not have to contend with legacy technology on the same scale. Many of these communities were cash dominant until recently, due to the high fees associated with card usage and the lack of banking infrastructure in rural regions. However, while many people didn't have a local bank on their corner, they did have mobile phones... Through these digital channels, money moves instantly, via account-to-account transfers, QR codes and mobile wallets... Beyond this, real-time and traceable digital payments generate valuable cash-flow data that can transform credit underwriting for small and medium-size businesses, or SMEs. Historically, many SMEs in emerging and cash-reliant markets have struggled to access credit due to a lack of documented transaction histories, audited accounts or formal credit records...

Mexico is now poised to be the next success story. In Mexico, a third of people are unbanked, but 96% of the population owns a mobile phone. This creates the perfect launchpad for a digital-first payment system that can reach those historically excluded from traditional banking systems.
In fact, something already changed in 2025. Bloomberg reports that for the first time, digital payment transfers in the U.S.-to-Mexico remittance corridor exceeded cash transfers (with physical pickup locations like Western Union), according to Mexico's central bank. It's part of a Latin American market "worth more than $160 billion a year, roughly $62 billion of which goes to Mexico."

And Mexico's digitalization efforts will continue, according to the country's president, who said at a March banking conference that digital payments will now be encouraged for gasoline and tolls.

An anonymous reader quotes a report from The Drive: Farmers have been fighting John Deere for years over the right to repair their equipment, and this week, they finally reached a landmark settlement. While the agricultural manufacturing giant pointed out in a statement that this is no admission of wrongdoing, it agreed to pay $99 million into a fund for farms and individuals who participated in a class action lawsuit. Specifically, that money is available to those involved who paid John Deere's authorized dealers for large equipment repairs from January 2018. This means that plaintiffs will recover somewhere between 26% and 53% of overcharge damages, according to one of the court documents (PDF) -- far beyond the typical amount, which lands between 5% and 15%.

The settlement also includes an agreement by Deere to provide "the digital tools required for the maintenance, diagnosis, and repair" of tractors, combines, and other machinery for 10 years. That part is crucial, as farmers previously resorted to hacking their own equipment's software just to get it up and running again. John Deere signed a memorandum of understanding in 2023 that partially addressed those concerns, providing third parties with the technology to diagnose and repair, as long as its intellectual property was safeguarded. Monday's settlement seems to represent a much stronger (and legally binding) step forward. The report notes that a judge's approval of the settlement is still required but likely to happen. John Deere also faces another lawsuit by the U.S. FTC, accusing the company of forcing farmers to use its authorized dealer network and driving up their costs for parts and repairs.

Halter, a New Zealand agtech startup now valued at $2 billion, has raised $220 million to expand its AI-powered cattle management system. "Halter is now valued at $2 billion following the Series E, which was led by Peter Thiel's Founders Fund with participation from Blackbird, DCVC, Bond, Bessemer, and several others," reports Inc. From the report: Halter plans to use the funding to expand its existing footprint in the U.S., Australia, and New Zealand, as well as to grow into new markets such as Ireland, the U.K., and parts of North and South America. The round is one of the biggest to-date in the industry, and comes amid growing adoption of the technology among U.S. ranchers. According to Halter, U.S. ranchers have erected some 60,000 miles of virtual fencing since the company's launch in 2024.

Halter's technology works through a system of solar-powered collars and in-pasture towers that collect data -- some 6,000 data points per collar per minute -- from grazing cattle and feed it into a cloud-based platform and app for farmers. The collars are ergonomically designed to be comfortable for the cattle wearing them, and leverage AI to play audio cues or vibrate when it is time to move to a different grazing location or if they step outside of a predetermined zone. The collars can also deliver an electric pulse if an animal does not respond.

Halter's app also creates a digital twin of a ranch, which essentially means a digital replica that leverages real-time data to accurately reflect conditions. Farmers can consult the app to check on their herd, or fence, and move cattle with just a few clicks. Halter also has a proprietary algorithm that it calls a "Cowgorithm" trained on seven billion hours of animal behavior. Altogether, this technology is meant to make ranchers' lives easier when herding cattle, help them save money on building physical fencing, and provide insights about pasture management to improve soil health and pasture productivity. Halter says some 2,000 farmers and ranchers currently use its tech worldwide.

One crime ring scammed 2,000 elderly people of more than $27 million between 2021 and 2023 using tech support/bank impersonation/refund scams. "Victims were in their 70s and 80s," reports the U.S. Attorney's office for California's southern district. Victims were first told they'd received a refund (either online or via phone), but then told they'd been "over-refunded" a massive amount, and asked to return that amount.

But 42-year-old Jiandong Chen just admitted Thursday in a U.S. federal court that he was involved in the fraud and money laundering via cryptocurrency — pleading guilty to two charges with maximum penalties of 40 years in prison and a $1 million fine, plus 20 years in prison with a maximum fine of $500,000 or twice the amount laundered. "Chen, a Chinese national, is the second defendant charged in a five-defendant indictment." And what tripped him up seems to be that "Certain members of the conspiracy also did in-person pickups of money directly from victims..."

And so YouTube enters the story — when the scammers called pranksters with 1,790,000 subscribers to their "Trilogy Media" channel. In an elaborate three-hour video, the team of pranksters lured the scammer to a rented Airbnb where they're staging a fake funeral with a nun. (One of the men acting in the video remembers "we start doing a prayer... I'm holding the scammer's hand in my nun outfit...")

They convince the scammer to collect the cash from a dead man — "Is there anything you'd like to say to him?" Then there's demon voices. The scammer's victim resurrects from the dead. Did the cash mule bring holy water?

The end result was a video titled "CONFRONTING SCAMMERS WITH A FAKE FUNERAL (EPIC REACTIONS)". But two and a half years later, their "cash mule sting house" video has racked up over 1.3 million views, 22,000 likes, and 2,979 comments. ("This video is longer than Oppenheimer. Thanks for the laughs fellas.")

And the scammer is facing 60 years in prison.

"The April 1st timing should have been your first clue," writes Gadget Review. TechSpot's false story was just an April Fool's prank — although Gadget Review thinks it's still funny how "something about this particular piece of satire felt uncomfortably plausible." Maybe it's because AMD stock sits around $196 while Intel hovers near $41, or perhaps it's the poetic justice of the underdog finally eating the giant. The semiconductor world has witnessed stranger reversals, but none quite this dramatic. Your gaming rig's CPU battle represents decades of corporate warfare, legal grudges, and technological leapfrogging that makes Game of Thrones look like a friendly board game.

Picture this: In 1975, AMD reverse-engineered Intel's 8080 processor, creating the Am9080 clone. The audacity was breathtaking — AMD spent 50 cents per chip to manufacture something they sold for $700. That's a 1,400% markup on borrowed technology, making today's GPU prices look reasonable. This relationship evolved from copying to partnership to bitter rivalry. The companies signed second-sourcing deals in the late 1970s, with AMD becoming Intel's official backup supplier. Then came the lawsuits. AMD sued Intel for antitrust violations in 2005, eventually settling for $1.25 billion in 2009. That settlement money helped fund the Ryzen revolution that's currently eating Intel's lunch. The historical irony runs deeper than your typical tech rivalry. AMD literally started as Intel's shadow, creating chips by studying Intel's designs under microscopes. Today, Intel engineers probably study AMD's Zen architecture the same way...

This April Fool's joke works because it captures something true about power shifts in technology.
The site TipRanks notes that both companies saw their stock price rise Wednesday, though that might not be related to the false article. "Positive analyst coverage from Wells Fargo could be acting as a catalyst for AMD stock today. Intel also announced plans to buy back its 49% equity interest in a joint venture with Apollo Global Management APO."

An anonymous reader quotes a report from Wired: Today at a hearing of the Colorado Senate Business, Labor, and Technology committee, lawmakers voted unanimously to move Colorado state bill SB26-090 -- titled Exempt Critical Infrastructure from Right to Repair -- out of committee and into the state senate and house for a vote. The bill modifies Colorado's Consumer Right to Repair Digital Electronic Equipment act, which was passed in 2024 and went into effect in January 2026. While the protections secured by that act are wide, the new SB26-090 bill aims to "exempt information technology equipment that is intended for use in critical infrastructure from Colorado's consumer right to repair laws."

The bill is supported by tech manufacturers like Cisco and IBM, according to lobbying disclosures. These are companies that have vested interests in manufacturing things like routers, server equipment, and computers and stand to profit if they can control who fixes their products and the tools, components, and software used to make those upgrades and repairs. They also cite cybersecurity concerns, saying that giving people access to the tools and systems they would need to repair a device could also enable bad actors to use those methods for nefarious means. (This is a common argument manufacturers make when opposing right-to-repair laws.)

[...] During the hearing, more than a dozen repair advocates spoke from organizations like Pirg, the Repair Association, and iFixit opposing the bill. YouTuber and repair advocate Louis Rossmann was there. The main problem, repair advocates say, is that the bill deliberately uses vague language to make the case for controlling who can fix their products. [...] The Colorado Labor and Technology committee advanced the bill, but it still needs to go through votes on the Colorado Senate and House floors before going into effect. Those votes may take place as early as next week. Regardless of how the bill goes in the state, it's likely that manufacturers will continue their push to alter or undo repair legislation in other states across the country. "The 'information technology' and 'critical infrastructure' thing is as cynical as you can possibly be about it," says Nathan Proctor, the leader of Pirg's US right-to-repair campaign. "It sounds scary to lawmakers, but it just means the internet."

The current wording of the bill "leaves it up to the manufacturers to determine which items they will need to provide repair tools and parts to owners and independent repairers and which ones they don't," says Danny Katz, executive director CoPIRG, the Colorado branch of the consumer advocate group Pirg. "This is a bad policy and would be a big step back for Coloradans' repair rights."

iFixit CEO Kyle Wiens said in the hearing: "There's a general principle in cybersecurity that obscurity is not security," iFixit CEO Kyle Wiens said in the hearing. "The money that's behind the scenes, that's what's driving the bill."

schwit1 shares a report from the Kathmandu Post: In Nepal, helicopter rescue on high altitude is, by any measure, a genuine lifesaving operation. At high altitude, where oxygen thins and weather changes without warning, the ability to airlift a stricken trekker to Kathmandu within hours has saved countless lives. But threaded through that legitimate system, exploiting its urgency, its opacity, and its distance from oversight, is one of the most sophisticated insurance fraud networks in the world. Nepal's fake rescue scam is not new. The Kathmandu Post first exposed it in 2018. Months later, the government convened a fact-finding committee, produced a 700-page report, and announced reforms. In February 2019, The Kathmandu Post published a long investigative report. Last year, Nepal Police's Central Investigation Bureau reopened the file, and what they found is that the fraud did not stop -- instead it was growing.

The mechanics of the fake rescue racket are straightforward: stage a medical emergency, call in a helicopter, check a tourist into a hospital, and file an insurance claim that bears little resemblance to what actually happened. But the sophistication lies in how each link in the chain is compensated, and how difficult it is for a foreign insurer -- operating from Australia and the United Kingdom -- to verify events that occurred at 3,000 metres in a remote Himalayan valley. The CIB investigation identifies two primary methods for manufacturing an "emergency." The first involves tourists who simply don't want to walk back. After completing a demanding trek -- an Everest Base Camp trek, for instance, can take up to two weeks on foot -- guides offer an alternative: pretend to be sick, and a helicopter will come. The guide handles the rest. The second method is more troubling. At altitudes above 3,000 meters, mild symptoms of altitude sickness are common. Blood oxygen saturation can drop, hands and feet tingle, headaches develop. In most cases, rest, hydration or a gradual descent is all that is needed. But guides and hotel staff, according to the CIB investigation, have been trained to terrify trekkers at precisely this moment. They tell them they are at risk of dying, that only immediate evacuation will save them. In some cases, investigators found that Diamox (Acetazolamide) tablets, used to prevent altitude sickness, were administered alongside excessive water intake to induce the very symptoms that would justify a rescue call.

In at least one case cited in the investigation, baking powder was mixed into food to make tourists physically unwell. Once a "rescue" is called, the financial choreography begins. A single helicopter carries multiple passengers. But separate, full-price invoices are submitted to each passenger's insurance company, as if each had their own dedicated flight. A $4,000 charter becomes a $12,000 claim. Fake flight manifests and load sheets are fabricated. At the hospital, medical officers prepare discharge summaries using the digital signatures of senior doctors who were never involved in the case. In some cases, these are done without those doctors' knowledge. Fake admission records are created for tourists who were, in some documented instances, drinking beer in the hospital cafeteria at the time they were supposedly receiving treatment. In one case, an office assistant at Shreedhi Hospital admitted that he had provided his own X-ray report taken about a year ago at a different hospital, to be used as a case for treatment of foreign trekkers to claim insurance. The commission structure that holds the network together was described in detail during police interrogations. Hospitals pay 20 to 25 percent of the insurance payment to trekking companies and a further 20 to 25 percent to helicopter rescue operators in exchange for patient referrals. Trekking guides and their companies benefit from inflated invoices. In some cases, tourists themselves are offered cash incentives to participate.

An anonymous reader quotes a report from Gizmodo: OpenAI hasn't been shy about spending money lobbying for favorable laws and regulations. But when it comes to its involvement with child safety advocacy groups, the company has apparently decided it's best to stay in the shadows -- even if it means hiding from the people actually pushing for policy changes. According to a report from the San Francisco Standard, a number of people involved in the California-based Parents and Kids Safe AI Coalition were blindsided to learn their efforts were secretly being funded by OpenAI. Per the Standard, the Parents and Kids Safe AI Coalition was a group formed to push the Parents and Kids Safe AI Act, a piece of California legislation proposed earlier this year that would require AI firms to implement age verification and additional safeguards for users under the age of 18. That bill was backed by OpenAI in partnership with Common Sense Media, which proposed the legislation as a compromise after the two groups had pushed dueling ballot initiatives last year.

But when the coalition started to reach out to child safety groups and other advocacy organizations to try to get them to lend support to the bill, OpenAI was apparently conveniently left off the messaging. The AI giant was also left out of the marketing on the coalition's website, according to the Standard. That reportedly led to a number of groups and individuals lending their support to the Parents and Kids Safe AI Coalition without realizing that they were aligning themselves with OpenAI. As it turns out, OpenAI isn't just one of the members of the coalition; it is the group's biggest funder. In fact, the Standard characterized the Parents and Kids Safe AI Coalition as being "entirely funded" by OpenAI. While it's not clear exactly how much the company has funneled to this particular group, a Wall Street Journal report from January said OpenAI pledged $10 million to push the Parents and Kids Safe AI Act. Gizmodo notes that OpenAI's backing of the Parents and Kids Safe AI Act "could be self-serving for CEO Sam Altman," who just so happens to head a company called World that provides age verification services.