An anonymous reader shares a report: Last week, Amazon launched a major update of its line of Alexa-enabled Echo smart speakers and displays. The redesign -- led by former Microsoft design chief Ralf Groene, whom Amazon Devices & Services head Panos Panay coaxed out of retirement -- included two new Echo Show smart displays. According to Panay, these new models are the first step on a road to building "products that customers love." But there's one big barrier to customers loving their Echo Shows: ads. In recent months, full-screen display ads with the tag "sponsored" have been appearing on current Echo Shows, and users are not happy. They just started popping up on my device this week, and they are very intrusive, appearing between photos when the Show is set to Photo Frame mode or between content if it's set to show different categories (such as music, recipes, news). As I type, the last-gen Echo Show 8 on my desk showed an ad for an herbal supplement between a snapshot of my daughter dancing at her aunt's wedding and a baby picture of my son. The ad reappeared two photos later, and then again. And again.

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Shayne Coplan, a 27-year-old NYU dropout who founded Polymarket from his bathroom in 2020, has become the youngest self-made billionaire after Intercontinental Exchange (owner of the NYSE) invested up to $2 billion in his once-controversial prediction market platform. Bloomberg reports: A couple of years after dropping out of New York University with dreams of making it big in crypto, Shayne Coplan was so broke that he took an inventory of his Lower East Side apartment so that he could sell belongings to make rent. Fed up with crypto grifts, in 2019 he started to explore economist Robin Hanson's ideas on prediction markets and their potential for improving society's ability to identify likely outcomes. "This is too good of an idea to just exist in whitepapers," he recalled thinking in a later post on X. Then Covid struck -- the perfect time to develop an app for stuck-at-home folks to bet on real-world outcomes, he reasoned. He began building Polymarket from his bathroom and launched the platform in June 2020. It wasn't a smooth road. The company's move-fast, ask-permission-later approach repeatedly ran afoul of regulators, who forced it to ban US-based users for years because it wasn't a registered exchange. A week after the 2024 presidential election -- one that Polymarket users wagered more than $3 billion on -- Coplan's apartment was raided by FBI agents. But he and his company are now riding high after Intercontinental Exchange Inc., the owner of the New York Stock Exchange, said it would invest as much as $2 billion in Polymarket at an $8 billion pre-money valuation. That deal makes its 27-year-old founder the youngest self-made billionaire tracked by the Bloomberg Billionaires Index.

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American companies have begun cutting middle management positions at rates not seen in years. Google eliminated 35% of managers overseeing teams of fewer than three in August. Fiverr announced in September it would shed managers to focus on AI. Amazon trimmed its management ranks throughout the year and cut positions at its cloud-computing division in July. Meta's Mark Zuckerberg has complained about managers managing managers since 2023. Phrases relating to reducing management layers appeared 98 times on earnings calls of companies in the S&P global index this year, twice the frequency of all of 2022. The cuts stem partly from an uncertain economic environment and President Donald Trump's tariff regime, Economist writes. The pandemic created the conditions for the current retrenchment. Companies furloughed staff during Covid-19 and then hired rapidly to meet demand for e-commerce and digital services. They promoted employees to management positions to retain talent even when those managers supervised only one or two subordinates. Between 2019 and 2024, five of the ten fastest-growing job categories were management roles. Since November 2022, listed American companies have cut middle-management positions by around 3% on average.

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Longtime Slashdot reader kamesh shares a report from TechCrunch: Tech behemoth IBM is teaming up with AI research lab Anthropic to bring AI into its software. Armonk, New York-based IBM announced it will be adding Anthropic's Claude large language model family into some of its software products on Tuesday. The first product to tap Claude will be IBM's integrated development environment, which is already available to a select group of customers. IBM also announced it created a guide in partnership with Anthropic on how enterprises can build, deploy, and maintain enterprise-grade AI agents. Terms of the deal were not disclosed.

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An anonymous reader quotes a report from Ars Technica: Smartphone processor and modem maker Qualcomm is acquiring Arduino, the Italian company known mainly for its open source ecosystem of microcontrollers and the software that makes them function. In its announcement, Qualcomm said that Arduino would "[retain] its brand and mission," including its "open source ethos" and "support for multiple silicon vendors." Qualcomm didn't disclose what it would pay to acquire Arduino. The acquisition also needs to be approved by regulators "and other customary closing conditions." The first fruit of this pending acquisition will be the Arduino Uno Q, a Qualcomm-based single-board computer with a Qualcomm Dragonwing QRB2210 processor installed. The QRB2210 includes a quad-core Arm Cortex-A53 CPU and a Qualcomm Adreno 702 GPU, plus Wi-Fi and Bluetooth connectivity, and combines that with a real-time microcontroller "to bridge high-performance computing with real-time control." "Arduino will retain its independent brand, tools, and mission, while continuing to support a wide range of microcontrollers and microprocessors from multiple semiconductor providers as it enters this next chapter within the Qualcomm family," Qualcomm said in its press release. "Following this acquisition, the 33M+ active users in the Arduino community will gain access to Qualcomm Technologies' powerful technology stack and global reach. Entrepreneurs, businesses, tech professionals, students, educators, and hobbyists will be empowered to rapidly prototype and test new solutions, with a clear path to commercialization supported by Qualcomm Technologies' advanced technologies and extensive partner ecosystem." CNBC notes in its reporting that this acquisition gives Qualcomm "direct access to the tinkerers, hobbyists and companies at the lowest levels of the robotics industry." From the report: Arduino products can't be used to build commercial products but, with chips preinstalled, they're popular for testing out a new idea or proving a concept. Qualcomm hopes that Arduino can help it gain loyalty and legitimacy among startups and builders as robots and other devices increasingly need more powerful chips for artificial intelligence. When some of those experiments become products, Qualcomm wants to sell them its chips commercially.

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AstraZeneca has licensed Algen Biotechnologies' AI-powered gene-editing platform, AlgenBrain, to develop immune-related therapies in a deal worth up to $555 million. Reuters reports: AstraZeneca will get exclusive rights to develop and sell approved therapies, if any, that target immune system-related disorders in exchange for upfront and milestone payments to Algen. AstraZeneca has been advancing its cell and gene therapy capabilities through acquisitions and partnerships as it works towards its target of $80 billion in sales by 2030. Globally too, drugmakers are increasingly turning to artificial intelligence for drug development. Monday's deal, however, does not include AstraZeneca buying a stake in the company, Algen CEO and co-founder Chun-Hao Huang told Reuters in an interview. "Together with AstraZeneca's deep expertise in translational science and clinical development, we aim to uncover new biological insights to accelerate the development of novel therapies," Huang said. Algen was spun out from the UC Berkeley lab where biochemist Jennifer Doudna pioneered the CRISPR technology that won her the Nobel Prize. The biotech firm's AI platform, AlgenBrain, can map genes to disease outcomes, helping the companies decide their development focus for targeted therapies.

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Bloomberg reports (paywalled) that Apple's hardware chief John Ternus is the frontrunner to replace Tim Cook as CEO, as Cook nears retirement and prepares to transition into a board chairman role. The Economic Times reports: Cook is turning 65 next month. Chief operating officer John Williams -- once heir apparent -- has handed over the reins of day-to-day operations to Sabih Khan and is on his way out. Even as Cook steps down as CEO, he will stay involved in some capacity, likely as board chairman. [...] While Khan and Apple's retail chief Deirdre O'Brien can run daily operations, Ternus remains the leading contender for the corner office after Cook, Gurman said. Firstly, he is 50 years old -- the same as Cook when he became CEO -- giving him over a decade to hold the office, he noted. Secondly, Apple needs a technologist instead of a sales person at the helm, considering the company's ambitions, Gurman wrote in the newsletter. While the Cupertino tech giant has managed to expand its homegrown line of chipsets, and the recently launched iPhone 17 lineup is drawing in customers, the company has struggled to find success in categories such as mixed reality, generative artificial intelligence (AI), smart homes and autonomous driving. Ternus was in the spotlight during Apple's annual hardware event in September, which saw the launch of the iPhone 17 Air, the first major design overhaul for the smartphone family in a long time. Over the years, he has gained more responsibilities under Cook, taking calls on product roadmaps, features and strategies, overseeing matters beyond the traditional scope of a hardware engineering chief, Gurman said.

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An anonymous reader shares a report: Pay-advance apps are marketed as a way to help workers living paycheck to paycheck pay for unexpected expenses, but workers are often using the apps to manage basic expenses like groceries, rent and other needs, a new report found. The tools, consumer advocates say, can carry costs akin to those of traditional payday loans. An analysis of anonymous data found worrisome behavior among users of the apps, including quick increases in the number of advances, advances from multiple apps at the same time and more frequent bank overdraft fees. "These findings reveal persistent patterns of financial strain that raise serious concerns about the long-term effects of these loans," said the report from the Center for Responsible Lending, a nonprofit consumer advocacy group. The group analyzed data from SaverLife, a nonprofit that promotes saving and sound financial practices among people with low or moderate incomes. The analysis found that heavy users of the apps paid $421, on average, in total loan and overdraft fees over a year, or almost triple the average paid by moderate users.

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Après s’être tiré une balle dans le pied en proposant un abonnement pour PAYDAY 2 et d’avoir tenté d’augmenter en misouk le prix de l’édition Infamous Collection (118 € à 170 €, pour finalement redescendre à 122 €), on aurait pu penser que la descente aux enfers s’arrêterait là pour Starbreeze. Mais il faut croire que cela ne suffisait pas, car la semaine dernière, nos confrères de Gamekult ont publié un article informant que le studio annulait purement et simplement leur projet Baxter, un jeu vidéo tiré de la franchise Donjons et Dragons.

Bien qu’une partie de l’équipe de développement de Baxter conserveront leur emploi en réintégrant celles de PAYDAY 3 et d’autres projets (si tant est qu’il y en ait), Starbreeze va se séparer de plus d’une quarantaine de personnes et tenter de garder la tête hors de l’eau en mettant le paquet probablement sur des skins ou autres abonnements pour leur franchise phare, PAYDAY. Ça semble plutôt mal barré, vu la réception de la part des utilisateurs Steam pour le fameux abonnement.

European labor regulations enacted nearly a century ago now impose costs on companies that discourage investment in disruptive technologies. An American firm shedding workers incurs costs equivalent to seven months of wages per employee. In Germany the figure reaches 31 months. In France it reaches 38 months. The expense extends beyond severance pay and union negotiations. Companies retain unproductive workers they would prefer to dismiss. New investments face delays of years as dismissed employees are gradually replaced. Olivier Coste, a former EU official turned tech entrepreneur, and economist Yann Coatanlem tracked these opaque restructuring costs and found that European firms avoid risky ventures because of them. Large companies typically finance ten risky projects where eight fail and require mass redundancies. Apple developed a self-driving car for years before abandoning the effort and firing 600 employees in 2024. The two successful projects generate profits worth many times the invested sums. This calculus works in America where failure costs remain low. In Europe the same bet becomes financially unviable. European blue-chip firms sell products that are improved versions of what they sold in the 20th century -- turbines, shampoos, vaccines, jetliners. American star firms peddle AI chatbots, cloud computers, reusable rockets. Nvidia is worth more than the European Union's 20 biggest listed firms combined. Microsoft, Google, and Meta each fired over 10,000 staff in recent years despite thriving businesses. Satya Nadella called firing people during success the "enigma of success." Bosch and Volkswagen recently announced layoffs with timelines stretching to 2030.

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"It's not just you. The internet is getting worse, fast," writes Cory Doctorow. Sunday he shared an excerpt from his upcoming book Enshittification: Why Everything Suddenly Got Worse and What to Do About It. He succinctly explains "this moment we're living through, this Great Enshittening" using Amazon as an example. Platforms amass users, but then abuse them to make things better for their business customers. And then they abuse those business customers too, abusing everybody while claiming all the value for themselves. "And become a giant pile of shit." So first Amazon subsidized prices and shipping, then locked in customers with Prime shipping subscriptions (while adding the chains of DRM to its ebooks and audiobooks)... These tactics — Prime, DRM and predatory pricing — make it very hard not to shop at Amazon. With users locked in, to proceed with the enshittification playbook, Amazon needed to get its business customers locked in, too... [M]erchants' dependence on those customers allows Amazon to extract higher discounts from those merchants, and that brings in more users, which makes the platform even more indispensable for merchants, allowing the company to require even deeper discounts... [Amazon] uses its overview of merchants' sales, as well as its ability to observe the return addresses on direct shipments from merchants' contracting factories, to cream off its merchants' bestselling items and clone them, relegating the original seller to page umpty-million of its search results. Amazon also crushes its merchants under a mountain of junk fees pitched as optional but effectively mandatory. Take Prime: a merchant has to give up a huge share of each sale to be included in Prime, and merchants that don't use Prime are pushed so far down in the search results, they might as well cease to exist. Same with Fulfilment by Amazon, a "service" in which a merchant sends its items to an Amazon warehouse to be packed and delivered with Amazon's own inventory. This is far more expensive than comparable (or superior) shipping services from rival logistics companies, and a merchant that ships through one of those rivals is, again, relegated even farther down the search rankings. All told, Amazon makes so much money charging merchants to deliver the wares they sell through the platform that its own shipping is fully subsidised. In other words, Amazon gouges its merchants so much that it pays nothing to ship its own goods, which compete directly with those merchants' goods.... Add all the junk fees together and an Amazon seller is being screwed out of 45-51 cents on every dollar it earns there. Even if it wanted to absorb the "Amazon tax" on your behalf, it couldn't. Merchants just don't make 51% margins. So merchants must jack up prices, which they do. A lot... [W]hen merchants raise their prices on Amazon, they are required to raise their prices everywhere else, even on their own direct-sales stores. This arrangement is called most-favoured-nation status, and it's key to the U.S. Federal Trade Commission's antitrust lawsuit against Amazon... If Amazon is taxing merchants 45-51 cents on every dollar they make, and if merchants are hiking their prices everywhere their goods are sold, then it follows you're paying the Amazon tax no matter where you shop — even the corner mom-and-pop hardware store. It gets worse. On average, the first result in an Amazon search is 29% more expensive than the best match for your search. Click any of the top four links on the top of your screen and you'll pay an average of 25% more than you would for your best match — which, on average, is located 17 places down in an Amazon search result. Doctorow knows what we need to do: Ban predatory pricing — "selling goods below cost to keep competitors out of the market (and then jacking them up again)." Impose structural separation, "so it can either be a platform, or compete with the sellers that rely on it as a platform." Curb junk fees, "which suck 45-51 cents on every dollar merchants take in." End its most favoured nation deal, which forces merchants "to raise their prices everywhere else, too. Unionise drivers and warehouse workers. Treat rigged search results as the fraud they are. These are policy solutions. (Because "You can't shop your way out of a monopoly," Doctorow warns.) And otherwise, as Doctorow says earlier, "Once a company is too big to fail, it becomes too big to jail, and then too big to care." In the mean time, Doctorow also makes up a new word — "the enshitternet" — calling it "a source of pain, precarity and immiseration for the people we love. "The indignities of harassment, scams, disinformation, surveillance, wage theft, extraction and rent-seeking have always been with us, but they were a minor sideshow on the old, good internet and they are the everything and all of the enshitternet." Thanks to long-time Slashdot readers mspohr and fjo3 for sharing the article.

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OpenAI's valuation has surged to $500 billion after a $6.6 billion secondary stock sale, briefly making it the world's most valuable startup ahead of SpaceX and ByteDance. The Associated Press reports: Current and former OpenAI employees sold $6.6 billion in shares to a group of investors, pushing the privately held artificial intelligence company's valuation to $500 billion, according to a source with knowledge of the deal who was not authorized to discuss it publicly. The investors buying the shares included Thrive Capital, Dragoneer Investment Group and T. Rowe Price, along with Japanese tech giant SoftBank and the United Arab Emirates' MGX, the source said Thursday. The valuation reflects high expectations for the future of AI technology and continues OpenAI's remarkable trajectory from its start as a nonprofit research lab in 2015. But with the San Francisco-based company not yet turning a profit, it could also amplify concerns about an AI bubble if the generative AI products made by OpenAI and its competitors don't meet the expectations of investors pouring billions of dollars into research and development.

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Pew Research: Public awareness of legal sports betting has grown in recent years -- and so has the perception that it is a bad thing for society and sports, according to a new Pew Research Center survey. Today, 43% of U.S. adults say the fact that sports betting is now legal in much of the country is a bad thing for society. That's up from 34% in 2022. And 40% of adults now say it's a bad thing for sports, up from 33%. Despite these increasingly critical views of legal sports betting, many Americans continue to say it has neither a bad nor good impact on society and on sports. Fewer than one-in-five see positive impacts. Meanwhile, the share of Americans who have bet money on sports in the past year has not changed much since 2022. Today, 22% of adults say they've personally bet money on sports in the past year. That's a slight uptick from 19% three years ago. This figure includes betting in any of three ways: 1. With friends or family, such as in a private betting pool, fantasy league or casual bet 2. Online with a betting app, sportsbook or casino 3. In person at a casino, racetrack or betting kiosk Further reading: Filipinos Are Addicted to Online Gambling. So Is Their Government.

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Ford's push for a four-day in-office workweek hit turbulence when someone hijacked meeting room screens to display an anti-RTO protest image targeting CEO Jim Farley. The company quickly removed it and is investigating. The Detroit Free Press reports: According to photos employees took of the image, which were posted on social media and sent to the Detroit Free Press, it contained an image of CEO Jim Farley along with a big red circle with a slash through it over his face and the words "(Expletive) RTO." "We're aware of an inappropriate use of Ford's IT technology and we're investigating it," Dave Tovar, Ford spokesman, told the Detroit Free Press. Tovar said the image was up for "a short amount of time" and Ford was able to quickly remove it. He said the company is investigating whether the image appeared only in Dearborn offices or globally. Farley mandated that employees return to the office four days a week earlier this year and it has been in place since Sept. 1, with no fallout such as people quitting over it, Tovar said. Therefore, Tovar said, "I wouldn't be able to speculate on it, as to why someone would do this."

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