chiguy writes: In October, a jury in a federal class-action lawsuit returned a verdict that found Cognizant intentionally discriminated against more than 2,000 non-Indian employees between 2013 and 2022. The verdict, which echoed a previously undisclosed finding from a 2020 US Equal Employment Opportunity Commission investigation, centered on discrimination claims based on race and national origin. Cognizant, based in Teaneck, New Jersey, was found to have preferred workers from India, most of whom joined the firm's US workforce of about 32,000 using skilled-worker visas called H-1Bs.

The case is part of a wave of recent discrimination claims against IT outsourcing companies that underscore growing concerns that these firms have exploited a broken employment-visa system to secure a cheaper, more malleable workforce. In the process, US workers say they've been disadvantaged. The industry, which provides computer services to other companies, makes extensive use of H-1Bs; over the past decade and a half, no employer has obtained more of them than Cognizant, federal records show.

Microsoft AI CEO Mustafa Suleyman predicts conversational AI will become the primary way people interact with technology, replacing traditional web browsers and search engines within the next few years. In an interview with The Verge, Suleyman, who oversees Microsoft's consumer AI products including Bing and Copilot, called current search interfaces "completely broken" and "a total pain," arguing that voice-based AI interactions will prove "100 times easier" for users. He said: The UI that you experience is going to be automagically produced by an LLM in three or five years, and that is going to be the default. And they'll be representing the brands, businesses, influencers, celebrities, academics, activists, and organizations, just as each one of those stakeholders in society ended up getting a podcast, getting a website, writing a blog, maybe building an app, or using the telephone back in the day.

The technological revolution produces a new interface, which completely shuffles the way that things are distributed. And some organizations adapt really fast and they jump on board and it kind of transforms their businesses and their organizations, and some don't. There will be an adjustment. We'll look back by 2030 and be like, "Oh, that really was the kind of moment when there was this true inflection point because these conversational AIs really are the primary way that we have these interactions." And so, you're absolutely right. A brand and a business are going to use that AI to talk to your personal companion AI because I don't really like doing that kind of shopping. And some people do, and they'll do that kind of direct-to-consumer browsing experience. Many people don't like it, and it's actually super frustrating, hard, and slow.

And so, increasingly you'll come to work with your personal AI companion to go and be that interface, to go and negotiate, find great opportunities, and adapt them to your specific context. That'll just be a much more efficient protocol because AIs can talk to AIs in super real-time. And by the way, let's not fool ourselves. We already have this on the open web today. We have behind-the-scenes, real-time negotiation between buyers and sellers of ad space, or between search ranking algorithms. So, there's already that kind of marketplace of AIs. It's just not explicitly manifested in language. It's operating in vector space.

An anonymous reader shares a report: Fans post about him on social media. Swag bearing his name sells out on the regular. College professors dedicate class sessions and textbook sections to him. Foreign government officials have been known to express jealousy over his skills, and one prominent economist refers to him as a "national treasure." Meet FRED, a 33-year-old data tool from St. Louis, Mo., and the economics world's most unlikely celebrity.

Even if you have not interacted with FRED yourself, there is a good chance you've encountered him without knowing it. The tool's signature baby blue graphs dot social media and crop up on many of the world's most popular news websites. Many people feel that way about FRED. The website had nearly 15 million users last year, and it is on track for even more in 2024, up from fewer than 400,000 as recently as 2009. Their reasons for clicking are diverse: FRED users are coming for freshly released unemployment data, to check in on egg inflation or to find out whether business is booming in Memphis.

That appeal crosses political lines. Larry Kudlow, who directed the National Economic Council during the first Trump administration, has tweeted and retweeted FRED charts. Groups as disparate as the spending-focused Alaskans for a Sustainable Budget and the pro-worker advocacy organization Employ America have used its charts to back up their arguments. It is even occasionally used by professional and White House economists, who tend to have access to sophisticated data tools, for quick charts. "It is unfathomable for me now, to think of the days before FRED," said Ernie Tedeschi, the director of economics at the Budget Lab at Yale and a former chief economist at the White House Council of Economic Advisers.

When he speaks to foreign government economists, he noted, they are often "jealous" of the data tool, which is more comprehensive and easier to use than what other countries offer. "It's a compliment to FRED," he said. FRED -- whose name stands for Federal Reserve Economic Data -- was born in 1991. But he was a sparkle in the eye of the St. Louis Fed long before that. The story started in the 1960s, with an economist named Homer Jones (now sometimes referred to as the "grandfather of FRED"). Mr. Jones was the director of research at the Fed's branch in St. Louis, and he wanted to make central bank decisions more data-based, so he started to mail typed data reports to Fed officials around the country.

Amazon is offering $25 (one-way) plane tickets to 5,000 students (or young adults between 18 and 24 years old) who have a Prime membership (up to $700 off the ticket's original price). CNET REports: Last year, Amazon offered the $25 flight deals to Prime Student members, but this holiday season, the retail giant is expanding the limited-time offer to those enrolled in its Prime for Young Adults plan... Once again, Amazon is joining with [travel-booking site] StudentUniverse to offer several thousand $25 flights you can book between December 9, 2024, and January 14, 2025. The offer is for a one-way domestic ticket within the U.S., including Washington, DC, while supply lasts. Amazon said it's making available 1,000 tickets to Prime Student and Young Adult subscribers each day for five days, starting at 10 a.m. PST on December 9.

Bruce Perens, original co-founder of the Open Source Initiative, has responded to questions from Slashdot readers about a new alternative he's developing that hopefully helps "Post Open" developers get paid.

But first, "One of the things that's clear from the Slashdot patter is that people are not aware of what I've been doing, in general," Perens says. "So, let's start by filling that in..."

Read on for the rest of his wide-ranging answers....

This week a Florida-based Bitcoin-tech company named MARA Holdings announced it had bought a 114-megawatt Texas wind farm, reports Chron.com, "and will subsequently take it off the power grid and use it to energize its mining operations."

MARA's CEO tells the site they're "leveraging renewable resources that would have otherwise been curtailed" while "reducing our bitcoin production costs through vertical integration, and demonstrating MARA's commitment to environmental stewardship." The wind farms were not a part of the Electric Reliability Council of Texas (ERCOT) grid, but instead they were located within the Southwest Power Pool, which manages the market for the central U.S., including but not limited to most or parts of Oklahoma, Kansas, Nebraska, South Dakota and North Dakota... A 114-MW facility could power somewhere between 20,000 and 100,000 homes, depending on who you ask...

Historically, the facilities use up a lot of power and have generated backlash from neighbors who have complained about the noise of the machines inside. Texas has been a haven for cryptocurrency tech companies, primarily because of the state's space, deregulated power market and friendly business climate. Two weeks ago, the Public Utilities Commission adopted a rule requiring crypto and other virtual currency miners within the ERCOT grid to register their locations, ownership information and electricity demands, to further ensure that they could be watchful of this emerging source of energy consumption.
"Crypto mining operations currently consume around 2.3 percent of US electricity, and it requires roughly 155,000kWh to mine one Bitcoin," notes the site Data Centre Dynamics. This is the second off-grid power deal MARA has signed over the last few months. In October, it launched a 25MW micro data center operation across oil wellheads in Texas and North Dakota. The data center will be powered exclusively by excess natural gas from oilfield production that would have otherwise been flared. The operation will be distributed across wellheads in Texas and North Dakota, with operational status expected by January 2025.
Some context from Bloomberg: A few years ago Bitcoin miners took part in a global scramble for electricity to power their specialized computers... But the rise of AI, with its insatiable demand for electricity, dwarfed the needs of crypto and upended energy markets worldwide. Miners must now compete with much-larger tech firms for connections to electrical grids and power contracts. "Bitcoin miners are being forced to go look at marginal generation," said [MARA CEO Fred] Thiel. "The AI guys can afford to pay a much higher amount for energy than a Bitcoin miner"... MARA's plan to mine only when the wind is blowing makes economic sense because its mine will house last-generation computers that would otherwise have been retired, Thiel said.
"Thiel said he'd be interested to potentially buy more wind farms over time."

This year Marvell's stock rose 95%, giving it a $100 billion market capitalization, according to the Wall Street Journal.

"The latest gains have even put Marvell's market cap ahead of much-beleaguered Intel, which still generates 10 times as much annual revenue." Marvell's recent trajectory suggests that the revenue gap will continue to narrow. The explosive growth of its data center business has finally reached a point where it can more fully offset weakness in the company's more legacy segments, which sell chips used in goods such as telecommunications gear, cable TV boxes and autos. Data center sales nearly doubled year over year to $1.1 billion in the just-ended quarter, and Marvell's projection for the current period indicates the company will end its fiscal year in January with the data center unit encompassing about 72% of its total revenue, up from 40% in the previous year.

The next year is looking bright as well. Marvell's latest deal with Amazon is a five-year "multigenerational" agreement that has Marvell helping Amazon design its own artificial intelligence chips. Amazon, which runs the world's largest cloud computing service, has been expanding its internal chip efforts significantly, in part to reduce its reliance on Nvidia for crucial AI components. Amazon announced the next generation of its largest AI chip, called Trainium, at its annual developers conference this week. Analysts believe Trainium will play a role in Marvell's AI custom revenue more than doubling in the next fiscal year ending January of 2026.

That is expected to help propel Marvell's annual revenue to more than $8 billion in fiscal 2026, up 40% from what is expected for this year, according to consensus estimates from Visible Alpha. In addition, 20% growth is expected for the following year, when Marvell expects to be in production of custom AI chips for another unnamed big tech customer that analysts believe to be Microsoft. Analyst Mark Lipacis of Evercore ISI projects that the industry for custom AI chips will reach $30 billion to $50 billion in sales by 2030. In a note to clients last week, he said Marvell "has the potential to capture one-third of that market."
Marvell's CEO "has been among the few names floated as potential replacements for the recently ousted Pat Gelsinger at Intel's corner office," the article points out — which meant he had to reassure investors on an earnings call that he was staying at Marvell.

"The company is outstanding. The technology is best-in-class. I can't think of a better place to work than Marvell."

The head of America's FCC "has drafted plans to regulate the cybersecurity of telecommunications companies," reports the Washington Post, and the plans could include financial penalties phone network operators with insufficient security — "the first time the agency has asserted such powers under federal wiretapping law." Rosenworcel said the FCC's authority in this matter comes from Section 105 of the Communications Assistance for Law Enforcement Act [passed in 1994] — a single sentence that stipulates, without elaboration, that telecommunications carriers should ensure systems security "in accordance with regulations prescribed by the Commission." As one of the measures, she is seeking to require network providers to submit an annual certification to the FCC that they are implementing a cybersecurity risk management plan. In addition to imposing fines, the FCC could coordinate with other agencies to pursue criminal penalties against carriers deemed too careless on cybersecurity...

Biden administration officials said voluntary efforts to protect against aggressive Chinese hacking activity have fallen short. "We've had for the last decade voluntary public-private partnership efforts," Neuberger told The Post in a recent interview. "But we continue to see successful breaches, and in many cases, as with ransomware attacks, we continue to see pretty basic cybersecurity practices not being followed." With China's hackers becoming more brazen, pre-positioning themselves in U.S. critical networks, "we need to lock our digital doors," Neuberger said...

Cyber requirements can make a difference, she said. After the Colonial Pipeline ransomware attack in 2021 shut down one of the nation's largest energy pipelines for several days, creating a national security scare, the Transportation Security Administration issued several security directives, and today, all of the country's several dozen critical pipeline companies are in compliance, she said. Similar directives were subsequently issued for rail and aviation sectors, and the compliance rates in those industries are now at 68 and 57 percent respectively, she said.

The Washington Post details a vision of home security "pitched by Sauron, a Silicon Valley start-up boasting a waiting list of tech CEOs and venture capitalists." In the future, your home will feel as safe from intruders as a state-of-the-art military base. Cameras and sensors surveil the perimeter, scanning bystanders' faces for potential threats. Drones from a "deterrence pod" scare off trespassers by projecting a searchlight over any suspicious movements. A virtual view of the home is rendered in 3D and updated in real time, just like a Tesla's digital display. And private security agents monitor alerts from a central hub.... By incorporating technology developed for autonomous vehicles, robotics and border security, Sauron has built a supercharged burglar alarm [argued Sauron co-founder Kevin Hartz, a tech entrepreneur and former partner at Peter Thiel's venture firm Founders Fund]...

For many tech elites, security is both a national priority and a growing concern in their personal lives... After the presidential election last month, the start-up incubator Y Combinator put out a request for "public safety technology" companies, such as those that produce tools that facilitate a neighborhood watch or technology that uses computer vision to identify "suspicious activities or people in distress from video feeds...." Sauron has raised $18 million in funding from executives behind Flock Safety and Palantir, the data analytics firm, [and] defense tech investors such as 8VC, a venture firm started by Palantir co-founder Joe Lonsdale... Sauron is targeting homeowners at the high end of the real estate market, beginning with a private event at Abraham's home on Thursday, during Art Basel Miami Beach, the annual art exhibition that attracts collectors from around the world. The company plans to launch in San Francisco early next year, before expanding to Los Angeles and Miami...

Big Tech companies haven't deployed tools such as facial recognition as aggressively as Hartz would like. "If somebody comes onto my property, I feel like I should know who that is," Hartz said... In recent years massive investments have driven down the cost of drones, high-resolution cameras and lidar sensors, which use light detection to create 3D maps. Sauron uses lower-cost hardware and tools like facial recognition, combined with custom-built software adapted for residential use. For facial recognition, it will use a third-party service called Paravision... Sauron is still figuring out how to incorporate drones, but it is already imagining more aggressive countermeasures, Hartz said. "Is it a machine that could take out a bad actor with a bullet or something?"

"OpenAI is partnering with defense tech company Anduril," wrote the Verge this week, noting that OpenAI "used to describe its mission as saving the world." It was Anduril founder Palmer Luckey who advocated for a "warrior class" and autonomous weapons during a talk at Pepperdine University, saying society's need people "excited about enacting violence on others in pursuit of good aims." The Verge notes it's OpenAI's first partnership with a defense contractor "and a significant reversal of its earlier stance towards the military." OpenAI's terms of service once banned "military and warfare" use of its technology, but it softened its position on military use earlier this year, changing its terms of service in January to remove the proscription.
Hours after the announcement, some OpenAI employees "raised ethical concerns about the prospect of AI technology they helped develop being put to military use," reports the Washington Post. "On an internal company discussion forum, employees pushed back on the deal and asked for more transparency from leaders, messages viewed by The Washington Post show." OpenAI has said its work with Anduril will be limited to using AI to enhance systems the defense company sells the Pentagon to defend U.S. soldiers from drone attacks. Employees at the AI developer asked in internal messages how OpenAI could ensure Anduril systems aided by its technology wouldn't also be directed against human-piloted aircraft, or stop the U.S. military from deploying them in other ways. One OpenAI worker said the company appeared to be trying to downplay the clear implications of doing business with a weapons manufacturer, the messages showed. Another said that they were concerned the deal would hurt OpenAI's reputation, according to the messages...

OpenAI executives quickly acknowledged the concerns, messages seen by The Post show, while also writing that the company's work with Anduril is limited to defensive systems intended to save American lives. Other OpenAI employees in the forum said that they supported the deal and were thankful the company supported internal discussion on the topic. "We are proud to help keep safe the people who risk their lives to keep our families and our country safe," OpenAI CEO Sam Altman said in a statement...

[OpenAI] has invested heavily in safety testing, and said that the Anduril project was vetted by its policy team. OpenAI has held feedback sessions with employees on its national security work in the past few months, and plans to hold more, Liz Bourgeois, an OpenAI spokesperson said. In the internal discussions seen by The Post, the executives stated that it was important for OpenAI to provide the best technology available to militaries run by democratically-elected governments, and that authoritarian governments would not hold back from using AI for military uses. Some workers countered that the United States has sold weapons to authoritarian allies. By taking on military projects, OpenAI could help the U.S. government understand AI technology better and prepare to defend against its use by potential adversaries, executives also said.
"The debate inside OpenAI comes after the ChatGPT maker and other leading AI developers including Anthropic and Meta changed their policies to allow military use of their technology," the article points out. And it also notes another concern raised in OpenAI's internal discussion forum.

The comment said "that defensive use cases still represented militarization of AI, and noted that the fictional AI system Skynet, which turns on humanity in the Terminator movies, was also originally designed to defend against aerial attacks on North America.

"TikTok has lost its bid to strike down a law that could result in the platform being banned in the United States," reports CNN.

A U.S. federal appeals court just unanimously ruled in favor of the new U.S. law requiring TikTok's China-based owners to either sell the app next month or face an effective ban in the United States. Denying TikTok's argument that the law was unconstitutional, the judges found that the law does not "contravene the First Amendment to the Constitution of the United States," nor does it "violate the Fifth Amendment guarantee of equal protection of the laws"... After the [January 25] deadline, U.S. app stores and internet services could face hefty fines for hosting TikTok if it is not sold. (Under the legislation, President Biden may issue a one-time extension of the deadline.)

In a statement, TikTok indicated it would appeal the decision. "The Supreme Court has an established historical record of protecting Americans' right to free speech, and we expect they will do just that on this important constitutional issue," said company spokesperson Michael Hughes. "Unfortunately, the TikTok ban was conceived and pushed through based upon inaccurate, flawed and hypothetical information, resulting in outright censorship of the American people. The TikTok ban, unless stopped, will silence the voices of over 170 million Americans here in the US and around the world on January 19th, 2025"....

"People in the United States would remain free to read and share as much PRC propaganda (or any other content) as they desire on TikTok or any other platform of their choosing," the judges said. "What the Act targets is the PRC's ability to manipulate the content covertly. Understood in that way, the Government's justification is wholly consonant with the First Amendment."
The judges also wrote that "in part precisely because of the platform's expansive reach, Congress and multiple Presidents determined that divesting it from the PRC's control is essential to protect our national security... Congress judged it necessary to assume that risk given the grave national-security threats it perceived."

CNN notes that ByteDance "has previously indicated it will not sell TikTok."

Bitcoin just broke $100,000 USD for the first time and reached as high as $104k, and is now sitting at $102,857 at the time of this writing.

Slashdot was pretty early on Bitcoin.

Thoughts, nocoiners?

"$15.8 million every 60 seconds. That's how much US consumers spent in two hours on Monday night," reports CNN, "capping off a five-day spending spree that smashed previous records." U.S. consumers spent a total of $13.3 billion on Cyber Monday, up 7.3% from the previous year, according to Adobe Analytics... Consumers spent a record $41.1 billion across the five days beginning Thanksgiving Day, according to Adobe. "While Cyber Monday remained the season's and year's biggest online shopping day, year-over-year growth was stronger on both Thanksgiving and Black Friday," Vivek Pandya, lead analyst at Adobe Digital Insights, said in a statement... The company's data projects that holiday spending from November 1 to December 31 will surpass $240 billion, up 8.4% from the previous year.

The record sales on Cyber Monday were boosted by US consumers shopping on their mobile devices, which accounted for $7.6 billion in spending. This year, 57% of online sales came through a mobile device, compared to 33% in 2019, as shopping on mobile phones has surged in popularity... Buy now, pay later" programs also contributed nearly $1 billion in spending on Cyber Monday, a record high. About 75% of these types of transactions occurred through a mobile device.

Cyber Monday shopping wasn't just confined to the US, either. Global sales reached $49.7 billion, up 3% from the previous year, according to data from Salesforce.
The top-selling items included consumer electronics like the PlayStation 5, Xbox Series X and Nintendo Switch OLED, the article points out (adding that "About 78% of all consumer smartphones and 87% of consoles were imported from China in 2023, according to a report from the Consumer Technology Association.")

More interesting statistics from CNN:

• "Discounts on apparel peaked at just over 23% off, while TVs and computers peaked at almost 22% off, according to Adobe. And the discounts might last: Adobe projects discounts of up to 18% off computers through the end of the year... "

• "For US retail sites, the share of revenue from affiliates and partners like social media influencers was 20.3% on Cyber Monday, up almost 7% from the previous year. "

• "Additionally, companies employed AI chatbots to assist consumers, like Amazon's Rufus. Traffic to retail sites from chatbots increased by nearly 2,000% on Cyber Monday, according to Adobe."

Have you been to Enron.com lately?

"It's the comeback story no one asked for," reports CNN, "the resurrection of a brand so toxic it remains synonymous with corporate fraud more than two decades after it collapsed in bankruptcy.

"That's right, folks: Enron is back. But only kind of." TL;DR: A company that makes T-shirts bought the Enron trademark and appears to be trying to sell some merch on behalf of the guy behind the satirical conspiracy theory "Birds Aren't Real...."

On Monday, the 23rd anniversary of Enron's filing for bankruptcy, rumors began to spread that the former Texas energy giant had come back from the dead. A sleek new website, enron.com, appeared to show that the company had done some serious soul-searching and, inexplicably, reincorporated under its original brand. As a modern energy company, it would be dedicated to "solving the global energy crisis," its press statement reads. The site is packed with the kind of stock art and benign corporate platitudes that lend it credibility. There's a link to job openings, employee testimonials and even a minute-long video titled "I am Enron," a movie-trailer-style mashup of cityscape time lapses, rockets launching into space, a ballerina twirling on a beach — a mess of imagery and baritone voiceover so trite it's almost believable.

But the site and its associated social media accounts are, like Enron's balance sheets, mostly fiction. Unlike the Enron scandal, however, this one appears to be little more than performance art designed to sell branded hoodies. Publicly available documents show that an Akansas-based LLC called The College Company bought the Enron trademark for $275 in 2020... You can tab over to the site's "Company Store" page to browse a selection of Enron-branded hoodies ($118 before tax and shipping), puffer vests ($89), tees ($40) baseball hats ($40), beanies ($30) and water bottles emblazoned with the slogan "you've got great energy."
Somewhere on the site CNN spotted a list of "key pillars" which included a commitment to "permissionless innovation," which CNN took to be "a nod that prompted some speculation online that the new 'Enron' would launch some kind of digital token." That phrase has apparently been changed now to "continuous innovation." An Enron-branded X account posted and later deleted a message teasing at a crypto offering, saying "we do not have any token or coin (yet). Stay tuned, we are excited to show you more soon."
But sharp-eyed X.com users also found the key context to add: that the Terms of Use at Enron.com declare the site's information "is First Amendment-protected parody, represents performance art, and is for entertainment purposes only."

Still, the site includes this testimonial from someone it says is a current employee. "Like many of my peers in the Enron family, I was skeptical at first.

"Now, not only do I have complete confidence in the integrity of the company, I also genuinely believe that we are leading the way for a new chapter of American business."

Tuesday the Wikimedia Foundation released its annual list of the most-visited Wikipedia pages. (Scroll down to where it says "The full top 25"...)

But while the top subjects seem to be politics and pop culture, CNN reports that in the end "a list of deaths in 2024 was the most visited page, garnering over 44 million views." A page about deaths in a given year has ranked at the top of the list five times since 2015, when the Wikimedia Foundation began releasing the data. The topic has never fallen below third place on the list.

People also searched for U.S. political figures... [The #2, #3, #5, #7, and #9 most-visited pages were, respectively, for Kamala Harris, the 2024 United States presidential election, Donald Trump, J.D. Vance, and Project 2025.] While U.S. politics was a notable search subject, popular culture had the largest share of the top 25. The fourth most-visited page was about Lyle and Erik Menendez, the brothers who were sentenced to life in prison for the 1989 murder of their parents and are now facing a resentencing trial. The case received renewed public attention after a Netflix documentary was published this year. The Wikipedia page about the brothers received over 26 million views in 2024.

The "Deadpool & Wolverine" and "Dune: Part Two" movies were eighth and 23rd, respectively... [Other high-ranking pop-culture pages included Taylor Swift (#11)and the 2024 Summer Olympics (#14).]

"Wikipedia readers in India continue to make a big impact on the list, a trend we saw in 2023 as well," Wikimedia Foundation's Alikhan said. The Indian Premier League, a cricket league in India, garnered over 24.5 million views this year as the site's sixth most visited page... [The 2024 Indian general election came in at #10]
Wikipedia's entry on ChatGPT came in at #12, while Elon Musk came in at #17.

"When people want to learn about our world — the good, bad, weird, and wild alike — they turn to Wikipedia," explains the blog post from the Wikimedia Foundation, calling Wikipedia "the largest knowledge resource ever assembled in the history of the world" and "a reflection of all the people who live on our planet. its story is your story, your interests, your questions, and your curiosity."

Other statistics about Wikipedia in 2024:

• Nearly 3.5 billion bytes of information were added this year via over 31 million edits.

• People spent an estimated 2.4 billion hours — nearly 275,000 years! — reading English Wikipedia in 2024, according to data from the Wikimedia Foundation.

Intel's board of directors ousted CEO Pat Gelsinger after losing confidence in his ambitious turnaround strategy. The move comes as Intel posted significant losses, including $16.6 billion in Q3 2024, its worst quarterly result ever. Under Gelsinger's leadership, Intel struggled to compete in the AI chip market dominated by Nvidia, while facing manufacturing challenges and declining data center revenue.

Analysts suggest the board may be considering splitting off Intel's foundry business, though such a move could face scrutiny from the U.S. Commerce Department due to $8 billion in CHIPS Act funding. The Verge adds: But Moorhead and Creative Strategies analyst Ben Bajarin both believe Gelsinger's departure was so sudden, it can't simply have been the straw that broke the camel's back. "There must have been a decision the board made that he was not going to stick around for," Moorhead tells me.

His hunch: Intel's board may want to split off its foundry business entirely, above and beyond the spinoff that Gelsinger already announced, turning Intel into a company that simply designs chips like its direct rivals.

Walmart said Tuesday it had completed its $2.3 billion all-cash acquisition of TV maker Vizio, a move by the retailing giant to expand its advertising business. From a report: The closing of the deal follows the expiration of the waiting period under federal regulations. Walmart announced the deal to buy Vizio in February 2024. Walmart said the acquisition of Vizio will let it "bring to market new and differentiated ways for advertisers to meaningfully connect with customers at scale and boost product discovery" through Walmart Connect, the company's U.S. retail media business.

Walmart and Vizio will continue to operate separately "for the foreseeable future," according to the announcement. William Wang will continue to lead Vizio as CEO, reporting to Seth Dallaire, executive VP and chief growth officer of Walmart U.S. Vizio, founded in 2002, is a leading vendor of value-priced HDTVs. Its device ecosystem and its smart TV operating system, SmartCast, provide free, ad-supported access to streaming content.

More Americans are looking to switch jobs than at any point in the past decade. In a cooling job market, that's a lot easier said than done. From a report: White-collar hiring continues to slow, but workers' restlessness to find new work is intensifying, new Gallup data show. More than half of 20,000 U.S. workers surveyed in November said they were watching for or actively seeking a new job. That's the largest share since 2015, eclipsing the so-called Great Resignation of 2021 and 2022, when millions of people quit jobs for better ones.

The result? Job satisfaction has fallen to its lowest level in recent years as employees feel more stuck -- and frustrated -- where they are, according to Gallup, whose quarterly surveys are widely viewed as a bellwether of workplace sentiment. Smaller raises and fewer promotions are spurring some of the discontent, workers say. So are cost-cutting moves and stepped-up requirements to be working in offices more often.

Major U.S. corporations have eliminated thousands of middle management positions over the past two years in a widespread restructuring trend, with no signs of rehiring, according to workforce data from Revelio Labs.

Job postings for middle management roles remained 42% below April 2022 levels in October, even as hiring rebounded for other positions. Meta, Citigroup, UPS, and Amazon have all reduced management layers or increased worker-to-supervisor ratios, citing efficiency goals. Middle managers accounted for 32% of layoffs in 2023, up from 20% in 2019, Live Data Technologies reports.

Displaced supervisors, typically in their late 40s to 50s, face limited job prospects as companies permanently eliminate these positions rather than temporarily freezing hiring, Business Insider reports.

RTFKT, the NFT project most known for its attempt at making "digital shoes" a thing, is shutting down, according to a statement on Monday. From a report: The project, acquired by athletic wear juggernaut Nike in 2021 for an undisclosed sum, plans to fully unwind by the end of January, though its Ethereum-based tokens will remain accessible.

Launched in 2020 amid the beginnings of the mania around NFTs and the metaverse, RTFKT quickly garnered a reputation as a fast-moving startup. It spun up "drops" with brands, including Nike, and collaborated with the likes of sneaker designer Jeff Staple and Japanese artist Takashi Murakami.