Hackers targeting Australia's major pension funds in a series of coordinated attacks have stolen savings from some members at the biggest fund, Reuters is reporting, citing a source, and compromised more than 20,000 accounts. From the report: National Cyber Security Coordinator Michelle McGuinness said in a statement she was aware of "cyber criminals" targeting accounts in the country's A$4.2 trillion ($2.63 trillion) retirement savings sector and was organising a response across the government, regulators and industry. The Association of Superannuation Funds of Australia, the industry body, said "a number" of funds were impacted over the weekend. While the full scale of the incident remains unclear, AustralianSuper, Australian Retirement Trust, Rest, Insignia and Hostplus on Friday all confirmed they suffered breaches.

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An anonymous reader shares a report: The gap between Windows 10 and Windows 11 continues to narrow, and Microsoft's flagship operating system is on track to finally surpass its predecessor by summer. The latest figures from Statcounter show the increase in Windows 11's market share accelerating, while Windows 10 declines. Before Champagne corks start popping in Redmond, it is worth noting that Windows 10 still accounts for over half the market -- 54.2 percent -- and Windows 11 now accounts for 42.69 percent. However, if the current trends continue, Windows 10 should finally drop below the 50 percent mark next month and be surpassed by Windows 11 shortly after. The cause is likely due to enterprises pushing the upgrade button rather than having to deal with extended support for Windows 10. Support for most Windows 10 versions ends on October 14, 2025, and Microsoft has shown no signs of deviating from its plan to retire the veteran operating system. [...] Whether users actually want the operating system is another matter. Windows 11 offers few compelling features that justify an upgrade and no killer application. The looming October 14 support cut-off date is likely to be the major driving factor behind the move to Windows 11.

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An anonymous reader shares a report: AI is projected to reach $4.8 trillion in market value by 2033, but the technology's benefits remain highly concentrated, according to the U.N. Trade and Development agency. In a report released on Thursday, UNCTAD said the AI market cap would roughly equate to the size of Germany's economy, with the technology offering productivity gains and driving digital transformation. However, the agency also raised concerns about automation and job displacement, warning that AI could affect 40% of jobs worldwide. On top of that, AI is not inherently inclusive, meaning the economic gains from the tech remain "highly concentrated," the report added. "The benefits of AI-driven automation often favour capital over labour, which could widen inequality and reduce the competitive advantage of low-cost labour in developing economies," it said. The potential for AI to cause unemployment and inequality is a long-standing concern, with the IMF making similar warnings over a year ago. In January, The World Economic Forum released findings that as many as 41% of employers were planning on downsizing their staff in areas where AI could replicate them. However, the UNCTAD report also highlights inequalities between nations, with U.N. data showing that 40% of global corporate research and development spending in AI is concentrated among just 100 firms, mainly those in the U.S. and China.

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Camera manufacturers continue to use different proprietary RAW file formats despite the 20-year existence of Adobe's open-source DNG (Digital Negative) format, creating ongoing compatibility challenges for photographers and software developers. Major manufacturers including Sony, Canon, and Panasonic defended their proprietary formats as necessary for maintaining control over image processing. Sony's product team told The Verge their ARW format allows them "to maximize performance based on device characteristics such as the image sensor and image processing engine." Canon similarly claims proprietary formats enable "optimum processing during image development." The Verge argues that this fragmentation forces editing software to specifically support each manufacturer's format and every new camera model -- creating delays for early adopters when new cameras launch. Each new device requires "measuring sensor characteristics such as color and noise," said Adobe's Eric Chan. For what it's worth, smaller manufacturers like Ricoh, Leica, and Sigma have adopted DNG, which streamlines workflow by containing metadata directly within a single file rather than requiring separate XMP sidecar files.

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China said Friday that it will impose reciprocal 34% tariffs on all imports from the United States from April 10, making good on a promise to strike back after US President Donald Trump escalated a global trade war. CNN: On Wednesday, Trump unveiled an additional 34% tariff on all Chinese goods imported into the US, in a move poised to cause a major reset of relations and worsen trade tensions between the world's two largest economies. "This practice of the US is not in line with international trade rules, seriously undermines China's legitimate rights and interests, and is a typical unilateral bullying practice," China's State Council Tariff Commission said in a statement announcing its retaliatory tariffs. Since returning to power in January, Trump had already levied two tranches of 10% additional duties on all Chinese imports, which the White House said was necessary to stem the flow of illicit fentanyl from the country to the US. Combined with pre-existing tariffs, that means Chinese goods arriving in the US would be effectively subject to tariffs of well over 54%.

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Air conditioning will contribute more to rising global energy demand than data centers through 2030, according to an International Energy Agency. While attention has focused on computing power consumption, the IEA projects data centers will account for less than 10% of increased energy demand by 2030, significantly less than space cooling requirements. Global cooling degree days, a measure of air conditioning need, were 6% higher in 2024 than 2023 and 20% above the long-term average for the first two decades of the century. China, India and the United States saw particularly sharp increases. Air conditioning represented 7% of global electricity consumption in 2022, with some U.S. regions reporting that cooling can comprise over 70% of residential energy use during peak periods. The number of air conditioning units worldwide could nearly triple from fewer than 2 billion in 2016 to approximately 6 billion by 2050, creating a growing challenge for power grids.

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Intel and Taiwan Semiconductor Manufacturing Co. have reached a preliminary agreement to form a joint venture operating Intel's chipmaking facilities, with TSMC taking a 20% stake, The Information reports [non-paywalled source]. Intel and other U.S. semiconductor companies would hold the majority of shares in the proposed venture. Instead of capital investment, TSMC has discussed sharing chipmaking methods and training Intel personnel. The talks face internal opposition from some Intel executives concerned about widespread layoffs and the abandonment of Intel's own technology, according to the report. The deal could help TSMC neutralize a struggling competitor while potentially giving Taiwan more leverage with the U.S. administration, which recently imposed tariffs on Taiwanese goods excluding chips.

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An anonymous reader shares a report: Microsoft's business-oriented "Link" mini-desktop PC, which connects directly to the company's Windows 365 cloud service, is now available to buy for $349.99 in the US and in several other countries. Windows 365 Link, which was announced last November, is a device that is more easily manageable by IT departments than a typical computer while also reducing the needs of hands on support.

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An anonymous reader shares a report: Oracle has told customers that a hacker broke into a computer system and stole old client log-in credentials, according to two people familiar with the matter. It's the second cybersecurity breach that the software company has acknowledged to clients in the last month. Oracle staff informed some clients this week that the attacker gained access to usernames, passkeys and encrypted passwords, according to the people, who spoke on condition that they not be identified because they're not authorized to discuss the matter. Oracle also told them that the FBI and cybersecurity firm CrowdStrike are investigating the incident, according to the people, who added that the attacker sought an extortion payment from the company. Oracle told customers that the intrusion is separate from another hack that the company flagged to some health-care customers last month, the people said.

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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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