An anonymous reader shares a report: Texas A&M University held the largest engineering research portfolio of any academic institution in the country last year, nearing half a billion dollars and surpassing Massachusetts Institute of Technology for the top spot, according to U.S. News & World Report. The state flagship's College of Engineering recorded $444.7 million in research expenditures in the 2023 fiscal year, university officials said. A mix of federal, state and private grants funds those efforts, so more expenditures means more partnerships and a larger engineering footprint than ever, Texas A&M University System Chancellor John Sharp said. "An awful lot of people in Washington, a lot of people in Austin, a lot of people in the private sector now rely on Texas A&M to do their engineering research," Sharp said. "Of all the places in the country now, the No. 1 place people go to research engineering problems is Texas A&M University."

Read more of this story at Slashdot.

At a panel discussion, Apple's global marketing SVP Greg "Joz" Joswiak mocked Microsoft's recent recall of its Windows Recall feature. When asked by commentator John Gruber if Apple was frustrated by Microsoft's inability to build trust in such features, Joswiak quipped, "are we frustrated by the failings of our competitors? The answer's no," eliciting laughter from the panel and audience.

Read more of this story at Slashdot.

A new Gallup survey released Tuesday found cost and work conflicts are the top reasons Americans choose to discontinue their higher education. From a report: In the poll, 87 percent said cost was a "very" or "moderately" important reason for pursuing further institutional study, while 81 percent pointed to work conflicts. The other two leading reasons were the time it takes to complete a degree at 73 percent and lack of remote options at 70 percent. Cost tops the list among all demographic groups, including across racial and ethnic lines. "For many of these Americans, their time enrolled in these courses represents significant opportunity costs and financial investment. Given that they lack a degree or credential to show for their time enrolled, they are often worse off than if they never enrolled to begin with," Gallup said. Colleges prices have been surging for decades, with some estimating a 180 percent increase between 1980 and 2020. The cost of Ivy League schools is nearing $90,000 a year, and the average student debt held in the U.S. sits around $30,000. "Today, approximately 41.9 million Americans have some college experience but no degree or credential. The percentage of Americans who have taken some college courses, but who have stopped out and not completed their degree or credential, has increased significantly over the past five years," Gallup found.

Read more of this story at Slashdot.

Nvidia has leapfrogged Microsoft and Apple to become the most valuable company in the world, following months of explosive share price growth driven by demand for its chips and an investor frenzy over artificial intelligence. From a report: The company's shares climbed 3.2 per cent to $135.18 on Tuesday, bringing its market capitalisation to $3.332tn and surpassing the two tech giants that have long jostled for pole position on US stock markets. Nvidia has been the chief beneficiary of a boom in demand for chips that can train and run powerful generative AI models such as OpenAI's ChatGPT. In less than two years, it has been transformed from a $300bn company, grappling with a chip glut exacerbated by a cryptocurrency bust, into one of the most powerful tech companies in the world, with other Silicon Valley giants lining up to secure its latest products.

Read more of this story at Slashdot.

An anonymous reader shares a report: Google image search is serving users AI-generated images of celebrities in swimsuits and not indicating that the images are AI-generated. In a few instances, even when the search terms do not explicitly ask for it, Google image search is serving AI-generated images of celebrities in swimsuits, but the celebrities are made to look like underage children. If users click on these images, they are taken to AI image generation sites, and in a couple of cases the recommendation engines on these sites leads users to AI-generated nonconsensual nude images and AI-generated nude images of celebrities made to look like children. The news is yet another example of how the tools people have used to navigate the internet for decades are overwhelmed by the flood of AI-generated content even when they are not asking for it and which almost exclusively use people's work or likeness without consent. At times, the deluge of AI content makes it difficult for users to differentiate between what is real and what is AI-generated.

Read more of this story at Slashdot.

The Los Angeles Unified School District on Tuesday will consider banning smartphones for its 429,000 students in an attempt to insulate a generation of kids from distractions and social media that undermine learning and hurt mental health. From a report: The proposal was being formulated before U.S. Surgeon General Vivek Murthy on Monday called for a warning label on social media platforms, akin to those on cigarette packages, due to what he considers a mental health emergency. The board of the second-largest school district in the United States is scheduled to vote on a proposal to within 120 days develop a policy that would prohibit student use of cellphones and social media platforms and be in place by January 2025. The L.A. schools will consider whether phones should be stored in pouches or lockers during school hours, according to the meeting's agenda and what exceptions should be made for students with learning or physical disabilities. Nick Melvoin, a board member and former middle school teacher who proposed the resolution, said cell phones were already a problem when he left the classroom in 2011, and since then the constant texting and liking has grown far worse.

Read more of this story at Slashdot.

The Information: Apple has told at least one supplier that it has suspended work on its next high-end Vision headset, an employee at a manufacturer that makes key components for the Vision Pro said. The pullback comes as analysts and supply chain partners have flagged slowing sales of the $3,500 device. The company is still working on releasing a more affordable Vision product with fewer features before the end of 2025, the person involved in its supply chain and a person involved in the manufacturing of the headsets said. Apple originally planned to divide its Vision line into two models, similar to the standard and Pro versions of the iPhone, according to people involved in its supply chain and former Apple employees who worked on the devices. Apple's decision to halt work on the next version of its high-end headset is the latest example of the company reshuffling priorities. Apple has ramped up work on AI-powered features while paring back money-losing projects like its self-driving car, which it canceled earlier this year after spending nearly a decade on development. Augmented reality is one of Apple's biggest bets. The company aims to eventually replace the iPhone with lightweight glasses, and the Vision Pro is the first step in building consumer and developer interest in that effort.

Read more of this story at Slashdot.

Fisker filed for bankruptcy on Monday, months after the electric-vehicle startup stopped production of its only model, the oft-malfunctioning Ocean SUV. From a report: Fisker is the second plug-in car company started by Henrik Fisker -- a famed designer of BMW and Aston Martin sports cars -- to end up in bankruptcy. An earlier venture, Fisker Automotive, filed for Chapter 11 protection in 2013 after a series of recalls spelled the downfall of its battery supplier, a fellow recipient of US Energy Department loans. The undoing of Fisker was more self-inflicted. The startup went public in 2020 as part of the wave of EV companies to benefit from the pandemic era boom in special purpose acquisition companies. Combining with a SPAC sponsored by Apollo Global Management Inc. left Fisker with roughly $1 billion in cash and helped the company land a deal with a Magna International subsidiary that manufactures vehicles for the likes of Toyota, BMW and Mercedes-Benz. While Fisker Ocean sport utility vehicle production started on schedule in November 2022, the first SUVs lacked basic features including cruise control. The California-based company told customers it would deploy capabilities it had promised them the following year, via over-the-air software updates. Software bugs ended up slowing production for months, leading Fisker to repeatedly slash its forecasts. In February of this year, influential YouTuber Marques Brownlee produced a video -- This is the Worst Car I've Ever Reviewed -- that summarizes a series of issues he experienced while borrowing an Ocean from a New Jersey dealership.

Read more of this story at Slashdot.

SUSE, a Luxembourg-based open-source company, is launching a new vendor- and LLM-agnostic generative AI platform called SUSE AI solutions. The company aims to leverage the potential of AI to gain a stronger foothold in the U.S. market, where it has struggled to establish brand recognition compared to competitors like Red Hat and Canonical. SUSE CEO Dirk-Peter van Leeuwen believes that the open-source model provides infinite potential for enterprise customers, offering support, security, and long-term stability. The company's recent fork of CentOS has attracted a significant number of users, and its portfolio, including Kubernetes service Rancher and security service Neuvector, positions SUSE well in a market where enterprises are looking to consolidate platforms. Despite ownership changes over the years, SUSE remains committed to expanding its presence in the U.S. market.

Read more of this story at Slashdot.

An anonymous reader shares a report: IT asset management platform Lansweeper has dispensed a warning for enterprise administrators everywhere. Exactly how old is that Microsoft SQL Server on which your business depends? According to chief strategy officer Roel Decneut, the biz scanned just over a million instances of SQL Server and found that 19.8 percent were now unsupported by Microsoft. Twelve percent were running SQL Server 2014, which is due to drop out of extended support on July 9 -- meaning the proportion will be 32 percent early next month. For a fee, customers can continue receiving security updates for SQL Server 2014 for another three years. Still, the finding underlines a potential issue facing users of Microsoft's flagship database: Does your business depend on something that should have been put out to pasture long ago? While Microsoft is facing a challenge in getting users to make the move from Windows 10 to Windows 11, admins are facing a similar but far less publicized issue. Sure, IT professionals are all too aware of the risks of running business-critical processes on outdated software, but persuading the board to allocate funds for updates can be challenging.

Read more of this story at Slashdot.

Cybercriminals are demanding payments of between $300,000 and $5 million apiece from as many as 10 companies breached in a campaign that targeted Snowflake customers, according to a security firm helping with the investigation. From a report: The hacking scheme has entered a "new stage" as the gang looks to profit from the most valuable information it has stolen, said Austin Larsen, a senior threat analyst at Google's Mandiant security business, which helped lead Snowflake's inquiry. That includes auctioning companies' data on illegal online forums to try to pressure them into making payments, he said. "We anticipate the actor to continue to attempt to extort victims," Larsen said. Snowflake, a cloud-based data analytics firm, said on June 2 that hackers had launched a "targeted" effort directed against Snowflake users that used single-factor authentication techniques. The company declined to comment on any specific customers.

Read more of this story at Slashdot.

Apple said on Monday it will no longer offer its "buy now, pay later" service, Apple Pay Later, in the United States, and will instead focus on bringing installment loan offerings to Apple Pay users globally later this year. The company told 9to5Mac that the new feature will allow users to access installment loans from eligible credit and debit cards, as well as lenders, when checking out with Apple Pay. Existing Apple Pay Later users in the U.S. will still be able to manage their loans through the Wallet app. Apple Pay Later, which launched in the U.S. in March last year, allowed users to split purchases of $50 to $1,000 into four equal payments over six weeks without fees or interest. The company said the shift to a global installment loan offering will enable it to provide flexible payments to more users worldwide in collaboration with Apple Pay enabled banks and lenders.

Read more of this story at Slashdot.

Proton, the secure-minded email and productivity suite, is becoming a nonprofit foundation, but it doesn't want you to think about it in the way you think about other notable privacy and web foundations. From a report: "We believe that if we want to bring about large-scale change, Proton can't be billionaire-subsidized (like Signal), Google-subsidized (like Mozilla), government-subsidized (like Tor), donation-subsidized (like Wikipedia), or even speculation-subsidized (like the plethora of crypto "foundations")," Proton CEO Andy Yen wrote in a blog post announcing the transition. "Instead, Proton must have a profitable and healthy business at its core." The announcement comes exactly 10 years to the day after a crowdfunding campaign saw 10,000 people give more than $500,000 to launch Proton Mail. To make it happen, Yen, along with co-founder Jason Stockman and first employee Dingchao Lu, endowed the Proton Foundation with some of their shares. The Proton Foundation is now the primary shareholder of the business Proton, which Yen states will "make irrevocable our wish that Proton remains in perpetuity an organization that places people ahead of profits." Among other members of the Foundation's board is Sir Tim Berners-Lee, inventor of HTML, HTTP, and almost everything else about the web. Of particular importance is where Proton and the Proton Foundation are located: Switzerland. As Yen noted, Swiss foundations do not have shareholders and are instead obligated to act "in accordance with the purpose for which they were established." While the for-profit entity Proton AG can still do things like offer stock options to recruits and even raise its own capital on private markets, the Foundation serves as a backstop against moving too far from Proton's founding mission, Yen wrote.

Read more of this story at Slashdot.

The U.S. government on Monday sued Adobe, accusing the maker of Photoshop and Acrobat of harming consumers by enrolling them in its most lucrative subscription plans without clearly disclosing important terms. From a report: In a complaint filed in the San Jose, California, federal court, the government said Adobe failed to adequately disclose hefty early termination fees, sometimes reaching hundreds of dollars, when customers sign up for "annual, paid monthly" subscription plans. The government said Adobe hides important terms in fine print and behind textboxes and hyperlinks, clearly discloses the fees only when subscribers try to cancel, and makes canceling an onerous and complicated process.

Read more of this story at Slashdot.

Thousands of people catching trains in the United Kingdom likely had their faces scanned by Amazon software as part of widespread artificial intelligence trials, new documents reveal. Wired: The image recognition system was used to predict travelers' age, gender, and potential emotions -- with the suggestion that the data could be used in advertising systems in the future. During the past two years, eight train stations around the UK -- including large stations such as London's Euston and Waterloo, Manchester Piccadilly, and other smaller stations -- have tested AI surveillance technology with CCTV cameras with the aim of alerting staff to safety incidents and potentially reducing certain types of crime. The extensive trials, overseen by rail infrastructure body Network Rail, have used object recognition -- a type of machine learning that can identify items in videofeeds -- to detect people trespassing on tracks, monitor and predict platform overcrowding, identify antisocial behavior ("running, shouting, skateboarding, smoking"), and spot potential bike thieves. Separate trials have used wireless sensors to detect slippery floors, full bins, and drains that may overflow. The scope of the AI trials, elements of which have previously been reported, was revealed in a cache of documents obtained in response to a freedom of information request by civil liberties group Big Brother Watch. "The rollout and normalization of AI surveillance in these public spaces, without much consultation and conversation, is quite a concerning step," says Jake Hurfurt, the head of research and investigations at the group.

Read more of this story at Slashdot.

The accounting and finance professions have long adapted to technology -- from calculators and spreadsheets to cloud computing. However, the emergence of generative AI presents both new challenges and opportunities for students looking to get ahead in the world of finance. From a report: Research last year by investment bank Evercore and Visionary Future, which incubates new ventures, highlights the workforce disruption being wreaked by generative AI. Analysing 160mn US jobs, the study reveals that service sectors such as legal and financial are highly susceptible to disruption by AI, although full job replacement is unlikely. Instead, generative AI is expected to enhance productivity, the research concludes, particularly for those in high-value roles paying above $100,000 annually. But, for current students and graduates earning below this threshold, the challenge will be navigating these changes and identifying the skills that will be in demand in future. Generative AI is being swiftly integrated into finance and accounting, by automating specific tasks. Stuart Tait, chief technology officer for tax and legal at KPMG UK, describes it as a "game changer for tax," because it is capable of handling complex tasks beyond routine automation. "Gen AI for tax research and technical analysis will give an efficiency gain akin to moving from typewriters to word processors," he says. The tools can answer tax queries within minutes, with more than 95 per cent accuracy, Tait says.

Read more of this story at Slashdot.

Three out of Vietnam's five active international undersea internet cables are down, state media said over the weekend, the second major round of outages in the country in just over a year. From a report: The problems with the three cables, which connect Vietnam with the United States, Europe and Asia, have "significantly affected Vietnam's internet connection with the world", reported the official Vietnam News Agency. Vietnam is connected to the global internet mainly via five undersea cables with a combined capacity of nearly 62 Tbps, according to data from FPT, one of the country's top internet service providers. It's not clear if the three cables referred to, which account for most of the bandwidth, are totally or partially down.

Read more of this story at Slashdot.

Wells Fargo's co-branded credit card partnership with fintech startup Bilt Technologies is causing the bank to lose up as much as $10 million monthly, according to a WSJ report. The bank agreed to a co-branded program with the fintech startup that most other big banks -- including JPMorgan Chase -- passed on, incorrectly modeled key assumptions and sees no path to profitability. The card, which allows users to pay rent without fees while earning rewards, has attracted many young customers. From the report: There is a reason why credit cards hadn't gained traction in the rent sector until Bilt came along. Most landlords didn't accept them because they refuse to pay card fees that get pocketed by the banks issuing them and often run between 2% and 3%. Bilt structured the card so landlords won't incur the fees. Wells instead eats much of that. About six months after the credit card was launched, Wells began paying Bilt a fee of about 0.80% of each rent transaction, even though the bank isn't collecting interchange fees from landlords. It appears that the problem for Wells Fargo is that Bilt customers are savvy. They are making the rent payments, but not carrying balances or doing any other transactions through the card.

Read more of this story at Slashdot.

YouTube is piloting a new feature called "Notes" that allows viewers to add context and information under videos. The move comes as YouTube aims to minimize the spread of misinformation on its platform, particularly during the pivotal 2024 U.S. election year. The feature, similar to Community Notes on X (formerly Twitter), will initially be available on mobile in the U.S. in English.

Read more of this story at Slashdot.