The climate crisis is on track to destroy capitalism, a top insurer has warned, with the vast cost of extreme weather impacts leaving the financial sector unable to operate. From a report: The world is fast approaching temperature levels where insurers will no longer be able to offer cover for many climate risks, said Günther Thallinger, on the board of Allianz SE, one of the world's biggest insurance companies. He said that without insurance, which is already being pulled in some places, many other financial services become unviable, from mortgages to investments. Global carbon emissions are still rising and current policies will result in a rise in global temperature between 2.2C and 3.4C above pre-industrial levels. The damage at 3C will be so great that governments will be unable to provide financial bailouts and it will be impossible to adapt to many climate impacts, said Thallinger, who is also the chair of the German company's investment board and was previously CEO of Allianz Investment Management. The core business of the insurance industry is risk management and it has long taken the dangers of global heating very seriously. In recent reports, Aviva said extreme weather damages for the decade to 2023 hit $2tn, while GallagherRE said the figure was $400bn in 2024. Zurich said it was "essential" to hit net zero by 2050.

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Climate startup Aspiration, which boasted a roster of celebrity backers and arranged carbon credits for Meta Platforms, Microsoft and other large companies, filed bankruptcy weeks after its co-founder was arrested on fraud charges. From a report: CTN Holdings, as the company is now known, has about $170 million in debt. The goal of the bankruptcy is to sell its assets as quickly as possible in order to repay creditors, chief restructuring officer Miles Staglik said in a court filing. The pool of potential bidders is small and the nature of the CTN's ventures will likely require more cash and "long term horizons before any potential value could be realized for creditors," Staglik said. The bankruptcy was filed after co-founder Joseph Sanberg was charged by federal prosecutors with conspiring to defraud two investor funds of at least $145 million, according to a US Department of Justice announcement earlier this month. The charges involve his personal conduct and don't implicate CTN or its affiliates "in any criminal activity," said Staglik, a managing director at CR3 Partners that's been hired as CTN's restructuring adviser.

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Intel has unveiled a refresh of its iconic brand identity, introducing the slogan "That's the power of Intel Inside" to reconnect with consumers and highlight the chipmaker's role in modern computing. The new campaign resurrects the familiar "Intel Inside" theme that helped transform the company into a household name in the 1990s, when Intel's marketing strategy directly targeted consumers rather than system designers. Brett Hannath, Intel's chief marketing officer, said the message reflects the company's belief that its products can unlock potential for employees, customers, consumers and partners. The original "Intel Inside" campaign, launched in 1991, revolutionized tech marketing by making processors a key selling point for PCs with its recognizable sticker and five-note jingle. The strategy helped Intel differentiate itself from competitors like AMD and Cyrix during the PC market explosion.

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Despite promises of more efficient streaming, the AV1 video codec hasn't achieved widespread adoption seven years after its 2018 debut, even with backing from tech giants Netflix, Microsoft, Google, Amazon, and Meta. The Alliance for Open Media (AOMedia) claims AV1 is 30% more efficient than standards like HEVC, delivering higher-quality video at lower bandwidth while remaining royalty-free. Major services including YouTube, Netflix, and Amazon Prime Video have embraced the technology, with Netflix encoding approximately 95% of its content using AV1. However, adoption faces significant hurdles. Many streaming platforms including Max, Peacock, and Paramount Plus haven't implemented AV1, partly due to hardware limitations. Devices require specific decoders to properly support AV1, though recent products from Apple, Nvidia, AMD, and Intel have begun including them. "In order to get its best features, you have to accept a much higher encoding complexity," Larry Pearlstein, associate professor at the College of New Jersey, told The Verge. "But there is also higher decoding complexity, and that is on the consumer end."

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databasecowgirl writes: Commenting in The Times on the absurdity of Meta's copyright infringement claims, Caitlin Moran defines Schrodinger's economics: where a company is both [one of] the most valuable on the planet yet also too poor to pay for the materials it profits from. Ultimately "move fast and break things" means breaking other people's things. Or, possibly worse, going full 'The Talented Mr Ripley': slowly feeling so entitled to the things you are enamored of that you end up clubbing out the brains of your beloved in a boat.

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Microsoft has pulled back on data center projects around the world, suggesting the company is taking a harder look at its plans to build the server farms powering artificial intelligence and the cloud. From a report: The software company has recently halted talks for, or delayed development of, sites in Indonesia, the UK, Australia, Illinois, North Dakota and Wisconsin, according to people familiar with the situation. Microsoft is widely seen as a leader in commercializing AI services, largely thanks to its close partnership with OpenAI. Investors closely track Microsoft's spending plans to get a sense of long-term customer demand for cloud and AI services. It's hard to know how much of the company's data center pullback reflects expectations of diminished demand versus temporary construction challenges, such as shortages of power and building materials. Some investors have interpreted signs of retrenchment as an indication that projected purchases of AI services don't justify Microsoft's massive outlays on server farms. Those concerns have weighed on global tech stocks in recent weeks, particularly chipmakers like Nvidia which suck up a significant share of data center budgets.

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Online scam operations across Southeast Asia are rapidly adapting to recent crackdowns, adopting AI and expanding globally despite the release of 7,000 trafficking victims from compounds along the Myanmar-Thailand border, experts say. These releases represent just a fraction of an estimated 100,000 people trapped in facilities run by criminal syndicates that rake in billions through investment schemes and romance scams targeting victims worldwide, CNN reports. "Billions of dollars are being invested in these kinds of businesses," said Kannavee Suebsang, a Thai lawmaker leading efforts to free those held in scam centers. "They will not stop." Crime groups are exploiting AI to write scamming scripts and using deepfakes to create personas, while networks have expanded to Africa, South Asia, and the Pacific region, according to the United Nations Office of Drugs and Crime. "This is a situation the region has never faced before," said John Wojcik, a UN organized crime analyst. "The evolving situation is trending towards something far more dangerous than scams alone."

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The European Commission has announced its intention to join the ongoing debate about lawful access to data and end-to-end encryption while unveiling a new internal security strategy aimed to address ongoing threats. From a report: ProtectEU, as the strategy has been named, describes the general areas that the bloc's executive would like to address in the coming years although as a strategy it does not offer any detailed policy proposals. In what the Commission called "a changed security environment and an evolving geopolitical landscape," it said Europe needed to "review its approach to internal security." Among its aims is establishing Europol as "a truly operational police agency to reinforce support to Member States," something potentially comparable to the U.S. FBI, with a role "in investigating cross-border, large-scale, and complex cases posing a serious threat to the internal security of the Union." Alongside the new Europol, the Commission said it would create roadmaps regarding both the "lawful and effective access to data for law enforcement" and on encryption.

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Microsoft is pushing businesses to shift away from perpetual Office licenses to Microsoft 365 subscriptions, citing collaboration limitations and rising IT costs associated with standalone software. "You may have started noticing limitations," Microsoft says in a post. "Your apps are stuck on your desktop, limiting productivity anytime you're away from your office. You can't easily access your files or collaborate when working remotely." In its pitch, the Windows-maker says Microsoft 365 includes Office applications as well as security features, AI tools, and cloud storage. The post cites a Microsoft-commissioned Forrester study that claims the subscription model delivers "223% ROI over three years, with a payback period of less than six months" and "over $500,000 in benefits over three years."

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The FBI searched two homes of Indiana University Bloomington data privacy professor Xiaofeng Wang last week, following months of university inquiries into whether he received unreported research funding from China, WIRED reported Wednesday. Wang, who leads the Center for Distributed Confidential Computing established with a $3 million National Science Foundation grant, was terminated on March 28 via email from the university provost. The university had contacted Wang in December regarding a 2017-2018 grant in China that listed him as a researcher, questioning whether he properly disclosed the funding to IU and in applications for U.S. federal research grants. Jason Covert, Wang's attorney, said Wang and his wife Nianli Ma, whose employee profile was also removed, are "safe" and neither has been arrested. The couple's legal team has viewed a search warrant but received no affidavit establishing probable cause.

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An AI system has for the first time figured out how to collect diamonds in the hugely popular video game Minecraft -- a difficult task requiring multiple steps -- without being shown how to play. Its creators say the system, called Dreamer, is a step towards machines that can generalize knowledge learned in one domain to new situations, a major goal of AI. From a report: "Dreamer marks a significant step towards general AI systems," says Danijar Hafner, a computer scientist at Google DeepMind in San Francisco, California. "It allows AI to understand its physical environment and also to self-improve over time, without a human having to tell it exactly what to do." Hafner and his colleagues describe Dreamer in a study in Nature published on 2 April. In Minecraft, players explore a virtual 3D world containing a variety of terrains, including forests, mountains, deserts and swamps. Players use the world's resources to create objects, such as chests, fences and swords -- and collect items, among the most prized of which are diamonds. Importantly, says Hafner, no two experiences are the same. Every time you play Minecraft, it's a new, randomly generated world," he says. This makes it useful for challenging an AI system that researchers want to be able to generalize from one situation to the next. "You have to really understand what's in front of you; you can't just memorize a specific strategy," he says.

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An anonymous reader shares a report: Amazon has put in a last-minute bid to acquire all of TikTok, the popular video app, as it approaches an April deadline to be separated from its Chinese owner or face a ban in the United States, according to three people familiar with the bid. Various parties who have been involved in the talks do not appear to be taking Amazon's bid seriously, the people said. The bid came via an offer letter addressed to Vice President JD Vance and Howard Lutnick, the commerce secretary, according to a person briefed on the matter. Amazon's bid highlights the 11th-hour maneuvering in Washington over TikTok's ownership. Policymakers in both parties have expressed deep national security concerns over the app's Chinese ownership, and passed a law last year to force a sale of TikTok that was set to take effect in January.

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Microsoft Chief Technology Officer Kevin Scott has predicted that AI will generate 95% of code within five years. Speaking on the 20VC podcast, Scott said AI would not replace software engineers but transform their role. "It doesn't mean that the AI is doing the software engineering job.... authorship is still going to be human," Scott said. According to Scott, developers will shift from writing code directly to guiding AI through prompts and instructions. "We go from being an input master (programming languages) to a prompt master (AI orchestrator)," he said. Scott said the current AI systems have significant memory limitations, making them "awfully transactional," but predicted improvements within the next year.

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Newcomer: Keith O'Brien, the man who allegedly spied for Deel while working at Rippling, is apparently clearing his conscience, according to a sworn Irish affidavit. O'Brien says in the affidavit that Deel paid him to spy on Rippling and that he coordinated directly with Deel's CEO, Alex Bouaziz. For some background, Alex Bouaziz is Deel's CEO and Philippe Bouaziz is his father, Deel's CFO. Rippling, which competes directly with Deel, has sued Deel over the alleged spying. O'Brien says in the affidavit: I decided to cooperate after I got a text from a friend on March 25, 2025 saying, "the truth will set you free." I was also driving with a family member to meet my solicitors and she told me that if I had done something wrong that I should "just tell the truth." I was having bad thoughts at the time; it was a horrible time for me. I was getting sick concealing this lie. I realised that I was harming myself and my family to protect Deel. I was concerned, and I am still concerned, about how wealthy and powerful Alex and Philippe are, but I know that what I was doing was wrong. After I spoke with my solicitors at Fenecas Law, I started to feel a sense of relief. I want to do what I can to start making amends and righting these wrongs. Deel CEO allegedly agreed to pay O'Brien 5000 euros a month.

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Representatives Alexandria Ocasio-Cortez and Anna Paulina Luna introduced bipartisan legislation in March to cap credit card interest rates at 10% annually as Americans' debt hits record levels. "Credit cards with high interest rates regularly trap working people in endless cycles of debt," Ocasio-Cortez said in a statement. Credit card debt has reached $1.2 trillion in Q4 2024, up from $720 billion in the same quarter of 2004, according to Federal Reserve Bank of New York data. Average annual percentage rates nearly doubled to 21% in 2024 from 12% in 2003. The Federal Reserve Bank of Philadelphia reported a record number of cardholders making only minimum payments in Q3 2024, "showing signs of consumer stress." Further reading: Study Reveals Why Credit Card Interest Rates Remain Stubbornly High.

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Nintendo's Switch 2, priced at $450, launches June 5 with a 7.9-inch LCD screen offering 1080p resolution, HDR support, and 120Hz refresh capability. The device maintains the original Switch's 13.99mm thickness while increasing internal storage to 256GB from the previous 32GB. The console outputs at 4K/60fps when docked, with the dock featuring a built-in cooling fan. Two USB-C ports handle accessories and charging. The system supports microSD Express cards but not original Switch microSD cards. Joy-Con controllers now attach via magnets instead of sliding rails and feature mouse-like functionality with compatible games. Both Joy-Cons and the new Pro Controller include a "C" button that activates a chat menu for the new "Game Chat" feature. Game cards for Switch 2 will be red rather than black. The system maintains backward compatibility with original Switch cartridges and introduces a "Game Share" feature for local game sharing between consoles.

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Tech manufacturers continue misleading consumers with impressive-sounding but less useful specs like milliamp-hours and megahertz, while hiding the one measurement that matters most: watts. The Verge argues that the watt provides the clearest picture of a device's true capabilities by showing how much power courses through chips and how quickly batteries drain. With elementary math, consumers could easily calculate battery life by dividing watt-hours by power consumption. The Verge: The Steam Deck gaming handheld is my go-to example of how handy watts can be. With a 15-watt maximum processor wattage and up to 9 watts of overhead for other components, a strenuous game drains its 49Wh battery in roughly two hours flat. My eight-year-old can do that math: 15 plus 9 is 24, and 24 times 2 is 48. You can fit two hour-long 24-watt sessions into 48Wh, and because you have 49Wh, you're almost sure to get it. With the least strenuous games, I'll sometimes see my Steam Deck draining the battery at a speed of just 6 watts -- which means I can get eight hours of gameplay because 6 watts times 8 hours is 48Wh, with 1Wh remaining in the 49Wh battery. Unlike megahertz, wattage also indicates sustained performance capability, revealing whether a processor can maintain high speeds or will throttle due to thermal constraints. Watts is also already familiar to consumers through light bulbs and power bills, but manufacturers persist with less transparent metrics that make direct comparisons difficult.

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A new paper [PDF] from the AI Disclosures Project claims OpenAI likely trained its GPT-4o model on paywalled O'Reilly Media books without a licensing agreement. The nonprofit organization, co-founded by O'Reilly Media CEO Tim O'Reilly himself, used a method called DE-COP to detect copyrighted content in language model training data. Researchers analyzed 13,962 paragraph excerpts from 34 O'Reilly books, finding that GPT-4o "recognized" significantly more paywalled content than older models like GPT-3.5 Turbo. The technique, also known as a "membership inference attack," tests whether a model can reliably distinguish human-authored texts from paraphrased versions. "GPT-4o [likely] recognizes, and so has prior knowledge of, many non-public O'Reilly books published prior to its training cutoff date," wrote the co-authors, which include O'Reilly, economist Ilan Strauss, and AI researcher Sruly Rosenblat.

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MoffettNathanson has crowned YouTube the "New King of All Media" as the Alphabet-owned video platform has become a major force in Hollywood, dominating time spent watching TV. From a report: The firm estimates that YouTube as a standalone business could be worth as much as $550 billion -- or nearly 30% of the tech giant's current valuation. The figure is based on the firm's analysis of enterprise value as a multiple of revenue in 2024 for Netflix (10.5x revenue), Meta (8.8x), Roku (2.4x), Warner Bros. Discovery (1.4x), Fox (1.3x) and Disney (1.3x). In 2024, YouTube was the second-largest media company by revenue at $54.2 billion, trailing behind only Disney. However, the MoffettNathanson analysts predict YouTube will take the top spot in 2025, becoming a leader in both engagement and revenue. "YouTube has the potential to become the central aggregator for all things professional video, positioning itself to capture a share of the $85 billion consumer Pay TV market and the ~$30 billion streaming ex. Netflix market in the U.S.," they wrote in a Monday research note. "On monetization, when comparing YouTube's massive TV screen engagement to its estimated TV revenue, it remains significantly under-monetized relative to its scaled reach and differentiated offering. This signals a substantial runway for improving its monetization strategy."

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Mozilla plans to introduce a suite of paid professional services for its open-source Thunderbird email client, transforming the application into a comprehensive communication platform. Dubbed "Thunderbird Pro," the package aims to compete with established ecosystems like Gmail and Office 365 while maintaining Mozilla's commitment to open-source software. The Pro tier will include four core services: Thunderbird Appointment for streamlined scheduling, Thunderbird Send for file sharing (reviving the discontinued Firefox Send), Thunderbird Assist offering AI capabilities powered by Flower AI, and Thundermail, a revamped email client built on Stalwart's open-source stack. Initially, Thunderbird Pro will be available free to "consistent community contributors," with paid access for other users. Mozilla Managing Director Ryan Sipes indicated the company may consider limited free tiers once the service establishes a sustainable user base. This initiative follows Mozilla's 2023 announcement about "remaking" Thunderbird's architecture to modernize its aging codebase, addressing user losses to more feature-rich competitors.

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