Nobel laureate Geoffrey Hinton has warned that AI will concentrate wealth among a small elite while impoverishing most workers. The computer scientist, who pioneered neural network research in the 1980s, told Financial Times that rich people will use AI to replace workers, creating massive unemployment and profit increases. Hinton, who left Google in 2023 after selling his AI startup for $44 million a decade earlier, dismissed universal basic income as insufficient to address human dignity concerns from job losses. The 77-year-old physicist predicts superintelligent AI will arrive within five to twenty years. He blamed capitalism rather than AI technology itself for the coming economic disruption, stating the system ensures AI will primarily benefit the wealthy rather than solve grand problems like hunger or poverty.

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Alphabet's Google was hit with a $3.45 billion EU antitrust fine on Friday for anti-competitive practices in its lucrative adtech business, marking its fourth penalty in its decade long fight with EU competition regulators. From a report: The move by the European Commission was triggered by a complaint from the European Publishers Council and comes amid a threat by U.S. President Donald Trump to retaliate against the European Union for any push against Big Tech. The EU competition enforcer had originally planned to hand out the fine on Monday but opposition from EU trade chief Maros Sefcovic on concerns about the impact on U.S. tariffs on European cars derailed EU antitrust chief Teresa Ribera's plan. The Commission said Google favored its own online display technology services to the detriment of rivals and online publishers and that it abused its market power since 2014 until today.

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Panasonic's market value has remained flat at approximately $25 billion over the past decade while rivals Hitachi, Sony and NEC have increased their valuations sixfold during the same period. The Osaka-based conglomerate announced a restructuring plan in May 2025 to eliminate 10,000 positions and streamline operations across its six operating companies and hundreds of product lines. The company generates $57 billion in annual revenue and maintains dominant positions in several markets. Financial Times reports: Within Panasonic's six operating companies and hundreds of product lines are industrial technology gems. The company supplies 70 per cent of the world's in-flight entertainment systems, its facial recognition technology is being used to measure brain health, and its EV battery plants are among the world's most efficient, according to auto industry insiders. Panasonic chief said in January that AI-driven hardware and software solutions would constitute 30% of revenues by 2035, compared to approximately 10% currently. But Goldman Sachs analyst Ryo Harada wrote recently that investors are seeking a growth strategy beyond the announced reforms.

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An anonymous reader shares a report: Google's CEO Sundar Pichai stood smiling in a leafy-green California garden in September 2020 and declared that the tech behemoth was entering the "most ambitious decade yet" in its climate action. "Today, I'm proud to announce that we intend to be the first major company to operate carbon free -- 24 hours a day, seven days a week, 365 days a year," he said, in a video announcement at the time. Pichai added that he knew the "road ahead would not be easy," but Google "aimed to prove that a carbon-free future is both possible and achievable fast enough to prevent the most dangerous impacts of climate change." Five years on, just how hard Google's "energy journey" would become is clear. In June, Google's Sustainability website proudly boasted a headline pledge to achieve net-zero emissions by 2030. By July, that had all changed. An investigation by Canada's National Observer has found that Google's net-zero pledge has quietly been scrubbed, demoted from having its own section on the site to an entry in the appendices of the company's sustainability report.

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Uber's Indian arm has started using its app to offer rideshare and delivery drivers the chance to make money by classifying data used by AI systems. From a report: Megha Yethadka, global head of Uber AI Solutions, revealed the new gigs in a Thursday LinkedIn post in which she said drivers sometimes have downtime during the day or might want to make some extra cash after hours. Yethadka said the work can involve reviewing photos, counting objects, classifying text, recording audio, or digitizing receipts. She said the gigs are "Powering our enterprise customers worldwide for their gen AI models or consumer applications." "Until now, these tasks were completed by independent contractors outside the app," Yethadka wrote. "The early results are very promising, and we're eager to scale this further." In an accompanying video, she mentioned "worldwide" expansion for the offering. Prabhjeet Singh, Uber's president for India and South Asia, said the gigs are available in 12 cities and that "tens of thousands of drivers" are already performing what Uber calls "digital tasks."

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Nepal's government said Thursday it is blocking most social media platforms including Facebook, X and YouTube because the companies failed to comply with regulations that required them to register with the government. From a report: Nepal's Minister for Communication and Information Prithvi Subba Gurung said about two dozen social network platforms that are widely used in Nepal were repeatedly given notices to come forward and register their companies officially in the country. The platforms would be blocked immediately, he said. TikTok, Viber and three other social media platforms would be allowed to operate in Nepal because they have registered with the government. Nepal government have been asking the companies to appoint a liaison office or point in the country. It has brought a bill in parliament that aims to ensure that social platforms are properly managed, responsible and accountable.

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Germany has already met its 2028 goal for reducing coal-fired power generation, so won't need to order the shutdown of any plants for a second year running, the country's regulator said. From a report: Germany has an interim 2028 target of reducing coal-fired power by 8.7 gigawatts, and as of Sept. 1 it had exceeded this level by about 10%, the Federal Network Agency said on its website on Monday. Almost two thirds of Germany's electricity comes from renewables and excess solar power production has frequently pushed prices below zero, making burning coal less profitable. Yet Europe's largest economy remains heavily dependent on the fossil fuel and is still the European Union's biggest polluter.

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OpenAI plans to launch a new AI-powered jobs platform next year to help match employers with candidates who have AI skills in a bid to accelerate the technology's deployment across businesses and government agencies. From a report: The ChatGPT maker will also introduce a new certification program in the coming months that will teach workers how to better use AI on the job. OpenAI is working with multiple organizations on the program, including Walmart, the largest private employer in the US. OpenAI said it plans to certify 10 million Americans by 2030. [...] For the jobs platform, OpenAI plans to use AI to help match local governments and companies of all sizes with potential candidates.

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An anonymous reader shares a report: Adobe is bringing its video editor Premiere to iPhone, promising "pro-level" editing on the go for free. The app will launch later this month, with an Android version also under development. The Premiere app features a familiar multi-track timeline, with support for an unlimited number of video, audio, and text layers. There's automatic captioning, 4K HDR support, and one-tap exporting to TikTok, YouTube Shorts, and Instagram -- including automatic resizing that frames content for each platform. The iOS version of Premiere will be free to download and use, though Adobe says there will be charges for additional cloud storage and generative AI credits. Speaking of, it includes support for Adobe's generative sound effects and AI-powered speech enhancement, plus a wider range of AI assets generated through Adobe Firefly. If you'd rather not use AI content, there's a selection of Adobe fonts, along with images, sounds, music, and video assets that are free to use.

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Tom's Hardware: According to an early Amazon Mexico listing, Logitech is preparing to launch the Signature Slim Solar+, a wireless keyboard in every sense of the word. The Signature Slim Solar+features a solar panel, providing owners with a battery lasting up to 10 years.

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Nature's editorial board argues the UN's upcoming trans fat elimination proposal must specify "industrially produced" fats to avoid unintended consequences for nutrition in poor countries. The board supports a coalition led by the International Livestock Research Institute and African Union requesting precise language, noting natural trans fats occur in milk and dairy products. The editorial extends criticism to the broader ultra-processed foods classification system. While acknowledging the 2009 NOVA scale by University of Sao Paulo's Carlos Monteiro pushed governments toward strong public health policies, Nature says the ultra-processed category problematically groups baby formula with hot dogs. The board calls for improved definitions that balance reining in industrial food production excesses while ensuring adequate calorie access globally.

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An anonymous reader shares a report: The total number of GPUs sold for the second quarter of 2025 hit 11.6 million units, while desktop PC CPUs went up to 21.7 million units, according to a Jon Peddie Research report. This is a 27% increase in graphics card shipments and a 21.6% jump in CPU shipments from the last quarter, which is a change from the usual drop in deliveries we've seen in recent years. "AIB prices dropped for midrange and entry-level, while high-end AIB prices increased, and most retail suppliers ran out of stock. This is very unusual for the second quarter," said Jon Peddie Research president Dr. Jon Peddie. "We think it is a continuation of higher prices expected due to the tariffs and buyers trying to get ahead of that." As for the three major GPU manufacturers, Nvidia still has the lead, taking in 94% of the market -- an increase of 2.1% over the previous quarter -- while AMD is at a distant second place with 6%. This is still a much better position than Intel, though, whose market share is so small it did not even register on the chart.

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alternative_right writes: For decades, fragments and unofficial copies of Microsoft's 6502 BASIC have circulated online, mirrored on retrocomputing sites, and preserved in museum archives. Coders have studied the code, rebuilt it, and even run it in modern systems. Today, for the first time, we're opening the hatch and officially releasing the code under an open-source license. Microsoft BASIC began in 1975 as the company's very first product: a BASIC interpreter for the Intel 8080, written by Bill Gates and Paul Allen for the Altair 8800. That codebase was soon adapted to run on other 8-bit CPUs, including the MOS 6502, Motorola 6800, and 6809. The 6502 port was completed in 1976 by Bill Gates and Ric Weiland. In 1977, Commodore licensed it for a flat fee of $25,000, a deal that placed Microsoft BASIC at the heart of Commodore's PET computers and, later, the VIC-20 and Commodore 64. The version we are releasing here -- labeled "1.1" -- contains fixes to the garbage collector identified by Commodore and jointly implemented in 1978 by Commodore engineer John Feagans and Bill Gates, when Feagans traveled to Microsoft's Bellevue offices. This is the version that shipped as the PET's "BASIC V2." It even contains a playful Bill Gates Easter egg, hidden in the labels STORDO and STORD0, which Gates himself confirmed in 2010.

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Rising adoption of AI technology by firms in the Federal Reserve's New York district has not been much of a job-killer so far, the regional Fed bank said in a blog on Thursday. Reuters: "Businesses reported a notable increase in AI use over the past year, yet very few firms reported AI-induced layoffs," New York Fed economists wrote in the blog. "Indeed, for those already employed, our results indicate AI is more likely to result in retraining than job loss, similar to our findings from last year," and so far the technology does not point to "significant reductions in employment." There has been broad concern that AI could create major headwinds for hiring in the coming years, with the technology hitting highly-paid professional and managerial jobs the hardest. Investors are plowing cash into AI investments at a time when employment has already begun to show some softness, although job market changes related to AI will almost certainly play out over a long time horizon. The New York Fed blog noted that the modest impact on jobs so far may not hold in the future. "Looking ahead, firms anticipate more significant layoffs and scaled-back hiring as they continue to integrate AI into their operations," New York Fed researchers wrote.

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AI will disrupt the labor market within five to ten years and force Americans to rely on investment returns rather than wages for income, according to Vlad Tenev, chief executive of stock trading firm Robinhood. Tenev told Fortune that "if you can't rely on labor to generate money to make a living, capital becomes more important." The brokerage chief said private companies and government must make investing easier from an early age. He cited the proposed Invest America Act, included in congressional reconciliation legislation, which would provide every newborn with $1,000 in an investment account. Tenev said the policy represents preparation for an economy where "humans comprise less than 1% of the total intelligence" as AI systems advance beyond current capabilities.

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Atlassian said it has agreed to acquire The Browser Co., a startup that offers a web browser with AI features, for $610 million in cash. CNBC: The companies aim to close the deal in Atlassian's fiscal second quarter, which ends in December. Established in 2019, The Browser Co. has gone up against some of the world's largest companies, including Google, with Chrome, and Apple, which includes Safari on its computers running MacOS. The startup debuted Arc, a customizable browser with a built-in whiteboard and the ability to share groups of tabs, in 2022. The Dia browser, a simpler option that allows people to chat with an AI assistant about multiple browser tabs at once, became available in beta in June. Atlassian co-founder and CEO Mike Cannon-Brookes said he sees shortcomings in the most popular browsers for those who do much of their work on computers. Further reading: Atlassian Buying The Browser Company Feels Like a Waste of Money.

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Investment research firm Bernstein warned Thursday that India faces a "strategic tech crisis" as US technology giants deploy predatory pricing strategies to lock up the Indian AI market. Perplexity Pro launched free for one year to Airtel's 350 million subscribers while OpenAI introduced a $5 monthly India subscription compared to $20 in the United States. Bernstein analysts described regulatory "double standards" where foreign tech companies receive favorable treatment while domestic companies face what the firm called "crushing rules and government-led 'tech stacks' that make private business unviable." Private AI investment in India totaled $11.29 billion between 2013 and 2024 compared to $471 billion in the United States and $119 billion in China. From the report: When OpenAI, which is reportedly looking to set up a data center in India, announced the plans to launch a new office, it was met with another round of excitement -- "as if Open AI will hire all Indians at hefty salaries," the firm wrote in a note to clients Thursday. Bernstein analysts pour cold water on this excitement, dismissing it as a "repeat of the 90s" and arguing that the hype misses the fundamental power imbalance. "Anyone, we repeat anyone, can build a data center... This is the start of the dominance of US tech in Indian AI environment ensuring Indian entrepreneurs do not get a fighting chance to stay relevant. They will run on the sidelines - piggybacking on the US foundation models or maybe even the Chinese," they wrote.

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U.S. workers are becoming more stressed about their rising personal debts and financial health, a Bank of America survey showed. From a report: Of the respondents polled by BofA, 47% of employed people said they had a sense of financial well-being, dropping from 52% at the start of the year. Nearly 85% of consumers carried some type of personal debt, while 26% of the workforce was seeking help in areas such as emergency savings, paying down debt, and overall financial wellness, compared with 13% in 2023, according to the May survey of more than 1,000 people working full-time.

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Dolby Vision 2 addresses two widespread TV viewing problems in ways that will likely divide viewers and creators. The format's Content Intelligence feature uses AI and ambient light sensors to brighten notoriously dark content like Game of Thrones' Battle of Winterfell and Apple TV+'s Silo based on room brightness. Authentic Motion grants filmmakers scene-by-scene control over motion smoothing, a feature most cinephiles despise for creating artifacts and making films look like 60fps home videos. Many filmmakers have criticized motion smoothing for undermining artistic intent. Dolby positions the feature as eliminating unwanted judder while maintaining cinematic feel. The format launches in standard and Max tiers for high-end displays.

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The latest status report from the FreeBSD Project says no thanks to code generated by LLM-based assistants. From a report: The FreeBSD Project's Status Report for the second quarter of 2025 contains updates from various sub-teams that are working on improving the FreeBSD OS, including separate sub-projects such as enabling FreeBSD apps to run on Linux, Chinese translation efforts, support for Solaris-style Extended Attributes, and for Apple's legacy HFS+ file system. The thing that stood out to us, though, was that the core team is working on what it terms a "Policy on generative AI created code and documentation." The relevant paragraph says: "Core is investigating setting up a policy for LLM/AI usage (including but not limited to generating code). The result will be added to the Contributors Guide in the doc repository. AI can be useful for translations (which seems faster than doing the work manually), explaining long/obscure documents, tracking down bugs, or helping to understand large code bases. We currently tend to not use it to generate code because of license concerns. The discussion continues at the core session at BSDCan 2025 developer summit, and core is still collecting feedback and working on the policy."

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