"For two years, many unprofitable tech startups have cut costs, sold themselves or gone out of business," reports the New York Times.

"But the ones focused on artificial intelligence have been thriving." Now, the AI boom that started in late 2022, has become the strongest counterpoint to the broader startup downturn. Investors poured $27.1 billion into AI startups in the United States from April to June, accounting for nearly half of all U.S. startup funding in that period, according to PitchBook, which tracks startups. In total, U.S. startups raised $56 billion, up 57% from a year earlier and the highest three-month haul in two years. AI companies are attracting huge rounds of funding reminiscent of 2021, when low interest rates pushed investors away from taking risks on tech investments...

The startup downturn began in early 2022 as many money-losing companies struggled to grow as quickly as they did in the pandemic. Rising interest rates also pushed investors to chase less risky investments. To make up for dwindling funding, startups slashed staff and scaled back their ambitions. Then in late 2022, OpenAI, a San Francisco AI lab, kicked off a new boom with the release of its ChatGPT chatbot. Excitement around generative AI technology, which can produce text, images and videos, set off a frenzy of startup creation and funding. "Sam Altman canceled the recession," joked Siqi Chen, founder of the startup Runway Financial, referring to OpenAI's chief executive. Chen said his company, which makes finance software, was growing faster than it otherwise would have because "AI can do the job of 1.5 people...."

An analysis of 125 AI startups by Kruze Consulting, an accounting and tax advisory firm, showed that the companies spent an average of 22% of their expenses on computing costs in the first three months of the year — more than double the 10% spent by non-AI software companies in the same period. "No wonder VCs are throwing money into these companies," said Healy Jones, Kruze's vice president of financial strategy. While AI startups are growing faster than other startups, he said, "they clearly need the money."
Startups receiving funding include CoreWeave ($1.1 billion), ScaleAI ($1 billion), and the Elon Musk-founded xAI ($6 billion), according to the article.

"For investors who back fast-growing startups, there is little downside to being wrong about the next big thing, but there is enormous upside in being right. AI's potential has generated deafening hype, with prominent investors and executives predicting that the market for AI will be bigger than the markets for the smartphone, the personal computer, social media and the internet."

An anonymous reader shared this report from Business Insider: It's a political tale as old as time: put up a campaign poster in your yard, and thieves come to snatch it. But according to The Wall Street Journal, those fed up with front lawn looting are embracing a modern solution. Apple's geo-tracking AirTag devices are helping owners find their signs — and sometimes, even the people who stole them.

The practice has already led to charges. In one example cited by the outlet, Florida politician John Dittmore decided to hide the coin-sized gadget on one of his posters after waking up to a number of thefts in May... [Two teenagers were charged with criminal mischief and the theft of nine signs.]

In other cited cases, stolen signs don't end up with teens, but in the homes of electoral opponents. After Chris Torre became the victim of poster snatching, AirTags led him to the residence of Renee Rountree, the Journal said. Both were running for a seat on the Isle of Wight County Board of Supervisors in Virginia. Her son-in-law was charged with a misdemeanor for stealing the property, while Rountree faced a misdemeanor for receiving stolen goods. In a December trial, she noted plans to return the signs. Rountree has since been ordered to 250 hours of community service.

"I would like to think that this will have a huge deterrent effect," the trial's judge said in the court's transcript, quoted by WSJ.

Longtime Slashdot reader theodp writes: "If Einstein paved the way for a new era in physics," explains auction house Christie's in a promotion piece for its upcoming offering of 150+ "objects of scientific and historical importance" from the Paul G. Allen Collection (including items from the shuttered Living Computers Museum), "Mr. Allen and his collaborators ushered in a new era of computing. Starting with MS-DOS in 1981, Microsoft then went on to revolutionize personal computing with the launch of Windows in 1985."

Christie's auction and characterization of MS-DOS as an Allen and Microsoft innovation comes 30 years after the death of Gary Kildall, whose unpublished memoir, the Seattle Times reported in Kildall's July 1994 obituary, called DOS "plain and simple theft" of Kildall's CP/M OS. PC Magazine's The Rise of DOS: How Microsoft Got the IBM PC OS Contract notes that Paul Allen himself traced the genesis of MS-DOS back to a phone call Allen made to Seattle Computer Products owner Rod Brock in which Microsoft licensed Tim Paterson's CP/M-inspired QDOS (Quick and Dirty Operating System) for $10,000 plus a royalty of $15,000 for every company that licensed the software. A shrewd buy-low-sell-high business deal, yes, but hardly an Einstein-caliber breakthrough idea.

Nvidia is expected to earn $12 billion from GPU sales to China in 2024, despite U.S. trade restrictions. Research firm SemiAnalysis says the GPU maker will ship over 1 million units of its new H20 model to the Chinese market, "with each one said to cost between $12,000 and $13,000 apiece," reports The Register. From the report: This figure is said by SemiAnalysis to be nearly double what Huawei is likely to sell of its rival accelerator, the Ascend 910B, as reported by The Financial Times. If accurate, this would seem to contradict earlier reports that Nvidia had moved to cut the price of its products for the China market. This was because buyers were said to be opting instead for domestically made kit for accelerating AI workloads. The H20 GPU is understood to be the top performing model out of three Nvidia GPUs specially designed for the Chinese market to comply with rules introduced by the Biden administration last year that curb performance.

In contrast, Huawei's Ascend 910B is claimed to have performance on a par with that of Nvidia's A100 GPU. It is believed to be an in-house design manufactured by Chinese chipmaker SMIC using a 7nm process technology, unlike the older Ascend 910 product. If this forecast proves accurate, it will be a relief for Nvidia, which earlier disclosed that its sales in China delivered a "mid-single digit percentage" of revenue for its Q4 of FY2024, and was forecast to do the same in Q1 of FY 2025. In contrast, the Chinese market had made up between 20 and 25 percent of the company's revenue in recent years, until the export restrictions landed.

An anonymous reader quotes a report from TorrentFreak: With dozens of millions of monthly visits, Animeflix positioned itself as one of the most popular anime piracy portals. The site also has an active Discord community of around 35k members, who actively participate in discussions, art competitions, even a chess tournament. While rightsholders take no offense at these side-projects, the site's core business was streaming pirated videos. That hasn't gone unnoticed; last December Animeflix was listed as one of the shutdown targets of anti-piracy coalition ACE.

Whether these early enforcement efforts were responsible for the site's closure is unclear. In May, rightsholders increased the pressure through the High Court of India, obtaining a broad injunction that effectively suspended Animeflix's main domain name; Animeflix.live. This follow-up action didn't seem to hurt the site too much. It simply moved to new domains, Animeflix.gg and Animeflix.li, informing its users that the old domain name had become "unavailable." Yesterday, the site became unreachable again, initially returning a Cloudflare error message. This time, the domain wasn't the problem but, for reasons unknown, the team decided to shut down the site without prior notice.

"It is with a heavy heart that we announce the closure of Animeflix. After careful consideration, we have decided to shut down our service effective immediately. We deeply appreciate your support and enthusiasm over the years." "Thank you for being a part of our journey. We hope the joy and excitement of anime continue to brighten your days through other wonderful platforms," the Animeflix team adds. The Animeflix team doesn't provide any insight into its reasoning, but it's clear that keeping a site like that online isn't without challenges. And, when a pirate site shuts down, voluntarily or not, copyright issues typically play a role. It's clear that rightsholders were keeping an eye on the site, and were actively seeking out options to take it offline. That might have played a role in the shutdown decision but without more information from the team, we can only speculate.

Samsung said it expects a 1,452% profit increase for the second quarter, causing shares to climb 2.24% to a high of 86,500 Korean won ($62.73). CNBC reports: Samsung issued guidance on Friday, saying operating profit for the April to June quarter is projected to be about 10.4 trillion won ($7.54 billion) -- that's a jump of about 1,452% from 670 billion won a year ago. The expected operating profit beat a LSEG estimate of 8.51 trillion won. The firm also said it expects revenue for the second quarter to be between 73 trillion to 75 trillion won, from 60.01 trillion won a year ago. This is in line with the 73.7 trillion won estimated by LSEG analysts.

Business for the world's largest memory chip maker rebounded as memory chip prices recovered on AI optimism last year. The South Korean electronics giant saw record losses in 2023 as the industry reeled from a post-Covid slump in demand for memory chips and electronics. Its memory chips are commonly found in a wide range of consumer devices including smartphones and computers. Samsung said in April it expects the second quarter to be driven mostly by demand for generative AI, while mobile demand remains stable. "Samsung announces earnings surprise but mainly the earnings upside is from memory price high. So ironically, Samsung is lagging behind in HBM (high-bandwidth memory) production. So supply to Nvidia -- the qualification -- has been delayed," SK Kim, executive director of Daiwa Capital Markets, told CNBC's "Street Signs Asia" on Friday.

Amazon has introduced new advertising strategies for its Fire TV platform, displaying full-screen ads before screensavers activate on idle devices, CordCutters reports. Users have observed ads from various brands during these pre-screensaver intervals, the report added.

An anonymous reader shares a report: Eton College, one of the world's most prestigious boarding schools, is planning to ban smartphones for its incoming first-year students and replace these with old-school Nokia phones instead, a spokesperson for the school confirmed to Business Insider. The new policy comes as the UK-based school grapples with managing student's educations alongside technological developments.

"Eton routinely reviews our mobile phone and devices policy to balance the benefits and challenges that technology brings to schools," a spokesperson told BI. "From September those joining in Year 9 will receive a 'brick' phone for use outside the school day, as well as a School-issued iPad to support academic study. Age-appropriate controls remain in place for other year groups," they added. Eton College is an exclusive boarding school located outside London, near Windsor. Prince William, Prince Harry, Tom Hiddleston, and Eddie Redmayne are among its best-known alumni.

Half of the Netherlands' petrol stations are set to close in the next five to 10 years as electric cars start to take over the market, according to ING Research. From a report: The bank's economists say there will be insufficient earnings in future, with only some 2,000 of today's 4,131 gas stations remaining. "It is mainly the small, unmanned petrol stations that will disappear," says ING Research, as reported in De Telegraaf. [...]

Owners are trying to maintain turnover by increasing their sales of food and beverages, maintenance services and even car washing, ING says. But the long-term business model of independent stations will be difficult to maintain. "A quick calculation shows how long petrol station owners can still sell petrol," Dirk Mulder, Trade & Retail sector banker at ING Research, said. "A new car remains in the Dutch fleet for an average of 19 years. The last petrol and diesel cars will come onto the market in 2034 and will stay on the road until approximately 2053."

ZipNada writes: A federal court in Texas has partially blocked the government's ban on noncompete agreements that was set to take effect September 4. An estimated 30 million people, or one in five American workers, are bound by noncompetes. The employment agreements typically prevent workers -- everyone from minimum wage earners to CEOs -- from joining competing businesses or launching ones of their own.

In its complaint, Ryan LLC accused the FTC of overstepping its statutory authority in declaring all noncompetes unfair and anticompetitive. Judge Brown agreed, writing, "The FTC lacks substantive rulemaking authority with respect to unfair methods of competition." Through a statement Wednesday evening, the FTC said its authority is supported by both statute and precedent. "We will keep fighting to free hardworking Americans from unlawful noncompetes, which reduce innovation, inhibit economic growth, trap workers, and undermine Americans' economic liberty," wrote FTC spokesman Douglas Farrar. The FTC has long argued that noncompetes hurt workers.

Microsoft conducted another round of layoffs this week in the latest workforce reduction implemented by the Redmond tech giant this year. From a report: The cuts impacted multiple teams and geographies. Posts on LinkedIn from impacted employees show the cuts affecting employees in product and program management roles. "Organizational and workforce adjustments are a necessary and regular part of managing our business," a spokesperson said in a statement. "We will continue to prioritize and invest in strategic growth areas for our future and in support of our customers and partners."

Astro is leaving its job to spend more time with family. From a report: Amazon informed customers and employees Wednesday morning that it plans to discontinue its Astro for Business program, less than a year after launching the robot security guard for small- and medium-sized businesses. The decision will help the company focus on its home version of Astro, according to an internal email. Astro for Business robots will stop working Sept. 25, the company said in a separate email to customers, encouraging them to recycle the devices.

Businesses will receive full refunds for the original cost of the device, plus a $300 credit "to help support a replacement solution for your workplace," the email said. They will also receive refunds for unused, pre-paid Astro Secure subscription fees. Announced in November 2023, the business version of Amazon's rolling robot used an HD periscope and night vision technology to autonomously patrol and map up to 5,000 square feet of space. It followed preprogrammed routes and routines, and could be controlled manually and remotely via the Amazon Astro app.

Tech companies scouring the country for electricity supplies have zeroed in on a key target: America's nuclear-power plants. From a report: The owners of roughly a third of U.S. nuclear-power plants are in talks with tech companies to provide electricity to new data centers needed to meet the demands of an artificial-intelligence boom. Among them, Amazon Web Services is nearing a deal for electricity supplied directly from a nuclear plant on the East Coast with Constellation Energy, the largest owner of U.S. nuclear-power plants, according to people familiar with the matter. In a separate deal in March, the Amazon subsidiary purchased a nuclear-powered data center in Pennsylvania for $650 million.

The discussions have the potential to remove stable power generation from the grid while reliability concerns are rising across much of the U.S. and new kinds of electricity users -- including AI, manufacturing and transportation -- are significantly increasing the demand for electricity in pockets of the country. Nuclear-powered data centers would match the grid's highest-reliability workhorse with a wealthy customer that wants 24-7 carbon-free power, likely speeding the addition of data centers needed in the global AI race. But instead of adding new green energy to meet their soaring power needs, tech companies would be effectively diverting existing electricity resources. That could raise prices for other customers and hold back emission-cutting goals.

As reported by Bloomberg, Apple will get an "observer role" on OpenAI's board of directors as part of its partnership to integrate ChatGPT into iOS 18. That role will reportedly be filled by Apple Fellow, Phil Schiller. 9to5Mac reports: Apple having an "observer role" on the OpenAI board matches the role of Microsoft. Schiller will be able to observe and attend board meetings, but will not have any voting power: "The board observer role will put Apple on par with Microsoft, OpenAI's biggest backer and its main AI technology provider. The job allows someone to attend board meetings without being able to vote or exercise other director powers. Observers, however, do gain insights into how decisions are made at the company." The arrangement will take effect later this year, according to Bloomberg. Schiller "hasn't yet attended any meetings" of the OpenAI board and "details of the situation could still change."

Schiller served as Apple's long-time marketing chief before transitioning to an Apple Fellow role in 2020. In this role, Schiller continues to lead the App Store and Apple events and reports directly to Apple CEO Tim Cook. Schiller is also leading Apple's efforts to defend the App Store against antitrust allegations around the world.

Longtime Slashdot reader regoli shares an obituary from the Wall Street Journal: When Alan Ashton was a computer-science professor at Brigham Young University in the mid-1970s, the director of the school's marching band knocked on his door and said he wanted to use a computer to choreograph the band's halftime shows. Ashton was easily persuaded; he was a trumpet player whose Ph.D. dissertation at the University of Utah was "Electronics, music and computers." Bruce Bastian, the graduate student who was working as BYU's marching-band director, turned out to be a quick learner. "He was very conscientious, very thorough," Ashton said in an interview, "and just absolutely brilliant." Within a few years, the two were at work on a program that would turn them into two of the richest people in the nation, founders of the company that made WordPerfect, the dominant word-processing software in the 1980s and early '90s and one of the first pieces of software many Americans bought when they brought home their first PCs.

But behind the hundreds of millions of dollars and blockbuster success, Bastian's personal life, he later said, was in "free fall." Between the time he and Ashton released what would later be known as WordPerfect to the public in 1980 and when they sold the company for $1.4 billion in 1994, Bastian told his wife, four sons and his Mormon community that he was gay and leaving both his marriage and the church. When he died, June 16, at the age of 76 from complications associated with pulmonary fibrosis, he had been living a different life: A longtime advocate for LGBTQ rights, Bastian was married to a man, and had found a way to maintain relationships with his family, who remained dedicated members of the church that rejected his sexual orientation. "I kind of have three parts of my life," he said in 2010 during one of several extensive interviews he gave to the Mormon Stories podcast, "the pre-WordPerfect life, the WordPerfect years, and now the LGBT years." Other publications remembering Bruce Bastian include: The New York Times, The Salt Lake Tribune, University of Utah, and Human Rights Campaign.

An anonymous reader quotes an op-ed written by Kenneth Roth, former executive director of Human Rights Watch (1993-2022) and a visiting professor at Princeton's School of Public and International Affairs: Julian Assange's lengthy detention has finally ended, but the danger that his prosecution poses to the rights of journalists remains. As is widely known, the U.S. government's pursuit of Assange under the Espionage Act threatens to criminalize common journalistic practices. Sadly, Assange's guilty plea and release from custody have done nothing to ease that threat. That Assange was indicted under the Espionage Act, a U.S. law designed to punish spies and traitors, should not be considered the normal course of business. Barack Obama's justice department never charged Assange because it couldn't distinguish what he had done from ordinary journalism. The espionage charges were filed by the justice department of Donald Trump. Joe Biden could have reverted to the Obama position and withdrawn the charges but never did.

The 18-count indictment filed under Trump accused Assange of having solicited secret U.S. government information and encouraged Chelsea Manning to provide it. Manning committed a crime when she delivered that information because she was a government employee who had pledged to safeguard confidential information on pain of punishment. But Assange's alleged solicitation of that information, and the steps he was said to have taken to ensure that it could be transferred anonymously, are common procedure for many journalists who report on national security issues. If these practices were to be criminalized, our ability to monitor government conduct would be seriously compromised. To make matters worse, someone accused under the Espionage Act is not allowed to argue to a jury that disclosures were made in the public interest. The unauthorized disclosure of secret information deemed prejudicial to national security is sufficient for conviction regardless of motive.

To justify Espionage Act charges, the Trump-era prosecutors stressed that Assange was accused of not only soliciting and receiving secret government information but also agreeing to help crack a password that would provide access to U.S. government files. That is not ordinary journalistic behavior. An Espionage Act prosecution for computer hacking is very different from a prosecution for merely soliciting and receiving secret information. Even if it would not withdraw the Trump-era charges, Biden's justice department could have limited the harm to journalistic freedom by ensuring that the alleged computer hacking was at the center of Assange's guilty plea. In fact, it was nowhere to be found. The terms for the proceeding were outlined in a 23-page "plea agreement" filed with the U.S. District Court for the Northern Mariana Islands, where Assange appeared by consent. Assange agreed to plead guilty to a single charge of violating the Espionage Act, but under U.S. law, it is not enough to plead in the abstract. A suspect must concede facts that would constitute an offense. "One effect of the guilty plea is that there will be no legal challenge to the prosecution, and hence no judicial decision on whether this use of the Espionage Act violates the freedom of the media as protected by the first amendment of the U.S. constitution," notes Roth. "That means that just as prosecutors overreached in the case of Assange, they could do so again."

"[M]edia protections are not limited to journalists who are deemed responsible. Nor do we want governments to make judgments about which journalists deserve First Amendment safeguards. That would quickly compromise media freedom for all journalists."

Roth concludes: "Imperfect journalist that he was, Assange should never have been prosecuted under the Espionage Act. It is unfortunate that the Biden administration didn't take available steps to mitigate that harm."

Chicken Soup for the Soul Entertainment, the parent of DVD rental operator Redbox, has filed for Chapter 11 bankruptcy protection after months of financial struggles and piling unpaid bills. The Associated Press reports: Chicken Soup for the Soul has accumulated nearly $1 billion in debt, the Chapter 11 filing submitted Friday in Delaware bankruptcy court shows, after reporting loss after loss over recent quarters. The filing also discloses that Chicken Soup for the Soul owes millions to over 500 creditors -- which range from big names in the entertainment world like Sony Pictures and Warner Bros, to major retailers like Walgreens and Walmart. As of March of this year, Friday's filing shows, Chicken Soup for the Soul had about $414 million in assets and $970 million in debts. Shares for the public company have fallen more than 90% over the last year. "Redbox, founded in 2002, is best known for red-colored, self-serve machines that sit outside of pharmacies or groceries stores to rent or sell DVDs," notes the report. It was acquired by Chicken Soup for the Soul in 2022. There are currently about 27,000 Redbox kiosks across the U.S. -- down from 36,000 at the Redbox acquisition was finalized in August 2022.

An anonymous reader shares a report: Amazon built a $2 trillion company through years of aggressive spending on its retail and logistics businesses. Its future gains will likely be determined by the billions designated to fund its artificial-intelligence push. Amazon is planning to spend more than $100 billion over the next decade on data centers, an impressive level of investment even for a company known for its spending ways. The Seattle company is now devoting more investment money to its cloud computing and AI infrastructure than to its sprawling network of e-commerce warehouses.

Amazon Web Services, the arm that manages Amazon's cloud business, has opened data centers for years, but executives said there is a surge in investment now to meet demand triggered by the excitement around AI. "We have to dive in. We have to figure it out," said John Felton, who took over as AWS's chief financial officer this year after spending most of his career in Amazon's retail fulfillment operations. The company's financial commitment reflects the importance and high costs of AI. Felton said building for AI today feels like building that massive delivery network in years past. "It's a little uncertain," he said. AWS is expanding in Virginia, Ohio and elsewhere.

French antitrust regulators are preparing to charge Nvidia for allegedly anti-competitive practices, Reuters reported Monday, citing sources. From the report: The French so-called statement of objections or charge sheet would follow dawn raids in the graphics cards sector in September last year which sources said targeted Nvidia. The world's largest maker of chips used both for artificial intelligence and for computer graphics has seen demand for its chips jump following the release of the generative AI application ChatGPT, triggering regulatory scrutiny on both sides of the Atlantic.

The Los Angeles Times reports that "multiple projects seeking to remove carbon dioxide from the air have been launched across Los Angeles County: When completed, Project Monarch and its wastewater component, Pure Water Antelope Valley, will purify up to 4.5 million gallons of water each day and capture 25,000 tons of atmospheric CO2 each year. (The typical gasoline-powered automobile spews 4.6 tons of carbon each year, according to the Environmental Protection Agency).... But the Palmdale project isn't the only new carbon-capture development in L.A. County. On Friday, officials from CarbonCapture Inc. gathered in Long Beach to introduce the first commercial-scale U.S. direct air capture, or DAC, system designed for mass production. The unit, which resembles a shipping container, can remove more than 500 tons of atmospheric CO2 per year... The L.A.-based company also announced that it will mass-produce up to 4,000 of its DAC modules annually at a new facility in Mesa, Arizona. It joins similar efforts from L.A.-based Captura, which is working to remove CO2 from the upper ocean; L.A.-based Avnos, which produces water while capturing carbon; and L.A.-based Equatic, which is working to remove atmospheric CO2 using the ocean...

[Equatic's] San Pedro facility pumps seawater through a series of electric plates that separate the water into hydrogen and oxygen as well as acidic and alkaline streams of liquid. The alkaline, or base, stream is exposed to the atmosphere, where it mineralizes CO2 into carbonates that are then dissolved and discharged back into the ocean for permanent storage, operators say Additionally, the hydrogen produced by the process is carbon-negative, making it a source of renewable energy that can be used to fuel the CO2 removal process or sold to other users, said Edward Sanders, chief operating officer at Equatic.

Equatic announced this month that it will partner with a Canadian carbon removal project developer, Deep Sky, to build North America's first commercial-scale ocean-based CO2 removal plant in Quebec, following the success of its effort in Los Angeles as well as another facility in Singapore. While the San Pedro facility can capture about 40 tons of CO2 per year, the Quebec facility will capture about 100,000 tons per year, Sanders said.
Meanwhile, two new projects by direct air capture company Heirloom were announced this week in Louisiana. Those projects are "expected to remove hundreds of thousands of tons of carbon dioxide from the air per year," according to the Associated Press, "and store it deep underground... part of "a slew of carbon removal and storage projects that have been announced in Louisiana." Heirloom estimates that they will eventually remove 320,000 tons of carbon dioxide each year... The company uses limestone, a natural absorbent, to extract carbon dioxide from the air. Heirloom's technology reduces the time it takes to absorb carbon dioxide in nature from years to just three days, according to the company's press release. The carbon dioxide is then removed from the limestone material and stored permanently underground.
In May America's Energy department also announced $3.5 billion in funding for its carbon-capture program — four large-scale, regional direct air capture hubs "that each comprise a network of carbon dioxide removal projects..." The hubs will have the capacity to capture and then permanently store at least one million metric tons of CO2 from the atmosphere annually, either from a single unit or from multiple interconnected units.
And Shell Canada has a pair of carbon capture projects in Alberta it expects to have operational toward the end of 2028, according to the CBC: The Polaris project is designed to capture about 650,000 tonnes of carbon dioxide annually from the Scotford complex. That works out to approximately 40 per cent of Scotford's direct CO2 emissions from the refinery and 22 per cent of its emissions from the chemicals complex.