In 1896 the Dow Jones Industrial Average (or DJIA) was created as a kind of proxy indicator for the wider stock market. "A stock is typically added only if the company has an excellent reputation, demonstrates sustained growth and is of interest to a large number of investors," according to a source cited by Yahoo Finance. Its mix of stocks might be informally considered a sign of the times, since it's made up of 30 stocks that according to Wikipedia have been changed only 57 times over the last 128 years.

Wait — make that 58.... CNBC reports that NVIDIA is replacing Intel in the DJIA, "a shakeup to the blue-chip index that reflects the boom in AI and a major shift in the semiconductor industry." Companies including Microsoft, Meta, Google and Amazon are purchasing Nvidia's GPUs, such as the H100, in massive quantities to build clusters of computers for their AI work. Nvidia's revenue has more than doubled in each of the past five quarters, and has at least tripled in three of them. The company has sginaled that demand for its next-generation AI GPU called Blackwell is "insane...."

While Nvidia has been soaring, Intel has been slumping. Long the dominant maker of PC chips, Intel has lost market share to Advanced Micro Devices and has made very little headway in AI. Intel shares have fallen by more than half this year as the company struggles with manufacturing challenges and new competition for its central processors. Intel said in a filing this week that the board's audit and finance committee approved cost and capital reduction activities, including lowering head count by 16,500 employees and reducing its real estate footprint. The job cuts were originally announced in August."
The DJIA will now include four of six tech companies worth $1 trillion — Apple, Microsoft, NVIDIA, and Amazon (which joined in February, replacing the owners of the Walgreens pharmacy chain). The other two trillion-dollar tech companies (not included in the DJIA) are Meta and Alphabet.

Adding NVIDIA to the DJIA will ensure "more representative exposure to the semiconductors industry" within the average, the index's curators told the Washington Post.

And also leaving the DJIA is power-generation company AES (which according to CNBC had a power mix of 54% renewables, 27% natural gas, 17% coal). It will be replaced by Vistra, defined by Wikipedia as America's largest competitive power generator, "with a capacity of approximately 39GW powered by a diverse portfolio including natural gas, nuclear, solar, and battery energy storage facilities." In the 2020 Forbes Global 2000, Vistra Energy was ranked as the 756th-largest public company in the world. The company owns the Moss Landing Power Plant in California which currently (2021) contains the largest battery energy storage system in the world (400-MW/1,600-MWh). As of 2020, the company was ranked as the highest CO2 emitter in the U.S.

The free face-image search engine PimEyes "scans through billions of images from the internet and finds matches of your photo that could have appeared in a church bulletin or a wedding photographer's website," -us/news/technology/they-made-a-public-rolodex-of-our-faces-here-s-how-i-tried-to-get-out/ar-AA1tlpPuwrites a Washington Post columnist.

So to find and delete themselves from "the PimEyes searchable Rolodex of faces," they "recently handed over a selfie and a digital copy of my driver's license to a company I don't trust." PimEyes says it empowers people to find their online images and try to get unwanted ones taken down. But PimEyes face searches are largely open to anyone with either good or malicious intent. People have used PimEyes to identify participants in the Jan. 6, 2021, attack on the Capitol, and creeps have used it to publicize strangers' personal information from just their image.

The company offers an opt-out form to remove your face from PimEyes searches. I did it and resented spending time and providing even more personal information to remove myself from the PimEyes repository, which we didn't consent to be part of in the first place. The increasing ease of potentially identifying your name, work history, children's school, home address and other sensitive information from one photo shows the absurdity of America's largely unrestrained data-harvesting economy.
While PimEyes' CEO said they don't keep the information you provide to opt-out, "you give PimEyes at least one photo of yourself plus a digital copy of a passport or ID with personal details obscured..." according to the article. (PimEyes' confirmation email "said I might need to repeat the opt-out with more photos...") Some digital privacy experts said it's worth opting out of PimEyes, even if it's imperfect, and that PimEyes probably legitimately needs a personal photo and proof of identity for the process. Others found it "absurd" to provide more information to PimEyes... or they weren't sure opting out was the best choice... Experts said the fundamental problem is how much information is harvested and accessible without your knowledge or consent from your phone, home speakers, your car and information-organizing middlemen like PimEyes and data brokers.

Nathan Freed Wessler, an American Civil Liberties Union attorney focused on privacy litigation, said laws need to change the assumption that companies can collect almost anything about you or your face unless you go through endless opt-outs. "These systems are scary and abusive," he said. "If they're going to exist, they should be based on an opt-in system."

An anonymous reader shared this report from the Washington Post: A few weeks ago, analysts at a specialized technological lab put a microchip from China under a powerful microscope. Something didn't look right... The microscopic proof was there that a chunk of the electronic components from Chinese high-tech champion Huawei Technologies had been produced by the world's most advanced chipmaker, Taiwan Semiconductor Manufacturing Company.

That was a problem because two U.S. administrations in succession had taken actions to assure that didn't happen. The news of the breach of U.S. export controls, first reported in October by the tech news site the Information, has sent a wave of concern through Washington... The chips were routed to Huawei through Sophgo Technologies, the AI venture of a Chinese cryptocurrency billionaire, according to two people familiar with the matter, speaking on the condition of anonymity to discuss a sensitive topic... "It raises some fundamental questions about how well we can actually enforce these rules," said Emily Kilcrease, a senior fellow at the Center for a New American Security in Washington... Taiwan's Ministry of Economic Affairs confirmed that TSMC recently halted shipments to a "certain customer" and notified the United States after suspecting that customer might have directed its products to Huawei...

There's been much intrigue in recent days in the industry over how the crypto billionaire's TSMC-made chips reportedly ended up at Huawei. Critics accuse Sophgo of working to help Huawei evade the export controls, but it is also possible that they were sold through an intermediary, which would align with Sophgo's denial of having any business relationship with Huawei... While export controls are often hard to enforce, semiconductors are especially hard to manage due to the large and open nature of the global chip trade. Since the Biden administration implemented sweeping controls in 2022, there have been reports of widespread chip smuggling and semiconductor black markets allowing Chinese companies to access necessary chips...

Paul Triolo, technology policy lead at Albright Stonebridge Group, said companies were trying to figure out what lengths they had to go to for due diligence: "The guidelines are murky."

An anonymous Slashdot reader shared this report from CNBC: Threads now has nearly 275 million monthly users, CEO Mark Zuckerberg said Wednesday. "We continue to be on track towards this becoming our next major social app," Zuckerberg said on a call with analysts, adding that he was "quite pleased" with the trajectory of the app.

The latest numbers indicate Threads is up 175% from a year ago when it reached 100 million users... The app is now signing up more than 1 million users per day, Zuckerberg also said on Wednesday. X remains ahead of Threads in terms of users, but not by much. Musk's social media app now has roughly 318 million monthly users, according to an estimate by market intelligence firm Sensor Tower. That's down 24% since Musk completed his acquisition of the company in October 2022, according to Sensor Tower.
The news also drew a reaction from ActivityPub/Activity Streams 2.0 co-author Evan Prodromou, who pointed out that the 275 million monthly active users is up from the 200 million reported just 13 weeks ago at the end of July.

"And most of them have access to the Fediverse. With more, hopefully, getting access soon."

Disney's recently formed Office of Technology Enablement will coordinate the company's exploration, adoption and use of artificial intelligence, AR and VR tech. Engadget reports: It has tapped Jamie Voris, previously the CTO of its Studios Technology division, to oversee the effort. Before joining Disney in 2010, Voris was the chief technology officer at the National Football League. More recently, he led the development of the company's Apple Vision Pro app. Voris will report to Alan Bergman, the co-chairman of Disney Entertainment. Reuters reports the company eventually plans to grow the group to about 100 employees.

"The pace and scope of advances in AI and XR are profound and will continue to impact consumer experiences, creative endeavors, and our business for years to come -- making it critical that Disney explore the exciting opportunities and navigate the potential risks," Bergman wrote in an email Disney shared with Engadget. "The creation of this new group underscores our dedication to doing that and to being a positive force in shaping responsible use and best practices."

A Disney spokesperson told Engadget the Office of Technology Enablement won't take over any existing AI and XR projects at the company. Instead, it will support Disney's other teams, many of which are already working on products that involve those technologies, to ensure their work fits into the company's broader strategic goals. "It is about bringing added focus, alignment, and velocity to those efforts, and about reinforcing our commitment being a positive force in shaping responsible use and best practices," the spokesperson said.

Intel is rolling back one of the biggest changes to its laptop chips in years. The Verge: Remember how this fall's Lunar Lake laptops ditched the idea of memory sticks, putting a fixed amount of RAM on the processor package instead? Intel CEO Pat Gelsinger now says that turned out to be a financial mistake, and Intel won't do it again. Oh, and he may be axing desktop GPUs, too. Future Intel generations of chips, including Panther Lake and Nova Lake, won't have baked-on memory. "It's not a good way to run the business, so it really is for us a one-off with Lunar Lake," said Gelsinger on Intel's Q3 2024 earnings call, as spotted by VideoCardz.

Corporate resistance to AI tools is costing employees six hours per week in manual tasks that could be automated, according to research by recruitment firm SThree. Sixty-three percent of workers blame management's "digital illiteracy" for slow AI adoption, despite major companies rushing to tout AI initiatives since ChatGPT's launch. A 2023 tech.io study found two-thirds of business leaders barely use AI tools due to limited understanding.

Three months ago, Wall Street punished the world's largest technology firms for spending enormous amounts to develop artificial intelligence, only to deliver results that failed to justify the costs. Silicon Valley's response this quarter? Plans to invest even more. Bloomberg: The capital expenditures of the four largest internet and software companies -- Amazon, Microsoft, Meta and Alphabet -- are set to total well over $200 billion this year, a record sum for the profligate collective.

Executives from each company warned investors this week that their splurge will continue next year, or even ramp up. The spree underscores the extreme costs and resources consumed from the worldwide boom in AI ignited by the arrival of ChatGPT. Tech giants are racing to secure the scarce high-end chips and build the sprawling data centers the technology demands. To do so, the companies have cut deals with energy providers to power these facilities, even reviving a notorious nuclear plant.

An anonymous reader quotes a report from The Guardian: The cost of cleaning up Sellafield is expected to spiral to 136 billion pounds ($175 billion USD) and Europe's biggest nuclear waste dump cannot show how it offers taxpayers value for money, the public spending watchdog has said. Projects to fix buildings containing hazardous and radioactive material at the state-owned site on the Cumbrian coast are running years late and over budget. Sellafield's spending is so vast -- with costs of more than 2.7 billion pounds a year -- that it is causing tension with the Treasury, the report from the National Audit Office (NAO) suggests. Officials from finance ministry told the NAO it was "not always clear" how Sellafield made decisions, the report reveals. Criticisms of its costs and processes come as the chancellor, Rachel Reeves, prepares to plug a hole of about 40 billion pounds in her maiden budget. Gareth Davies, the head of the NAO, said: "Despite progress achieved since the NAO last reported, I cannot conclude Sellafield is achieving value for money yet, as large projects are being delivered later than planned and at higher cost, alongside slower progress in reducing multiple risks."

He added: "Continued underperformance will mean the cost of decommissioning will increase considerably, and 'intolerable risks' will persist for longer."

David Peattie, the NDA's chief executive, said: "Sellafield is one of the most complex environmental programs in the world. We're proud of our workforce and achievements being made, including the unprecedented retrieval of legacy waste from all four highest hazard facilities. But as the NAO rightly points out there is still more to be done. This includes better demonstrating we are delivering value for money and the wider significant societal and economic benefits through jobs, the supply chain and community investments."

An anonymous reader quotes a report from SFGATE: If you've recently been laid off and have started the arduous process of looking for a new job, you've probably seen them on networking platforms like LinkedIn: postings for roles that are 30 days old, maybe more, with suspiciously wide salary ranges. They usually have hundreds, or even thousands, of hopeful applicants vying for the same position, but if you do a quick cross-check and notice that the role isn't posted on the company's actual website -- or any of their social media pages -- you should probably stop drafting that cover letter, because it's possible they're not hiring at all. "Ghost jobs," or ads for positions that aren't actually open, are a common phenomenon in the tech industry, which has been plagued by layoffs and budget cuts over recent years. As unemployed workers struggle to regain their footing, recruiters and career coaches who spoke with SFGATE warned that these fake jobs posted by real companies serve multiple, sometimes insidious purposes.

According to a 2024 survey from MyPerfectResume, 81% of recruiters admitted to posting ads for positions that were fake or already filled. While some respondents said employers did it to maintain a presence on job boards and build a talent pool, it's also used to commit psychological warfare: 25% said ghost jobs helped companies gauge how replaceable their employees were, while 23% said it helped make the company appear more stable during a hiring freeze. Another damning 2024 report from Resume Builder said that 62% companies posted them specifically to make their employees feel replaceable. They also made ads to "trick overworked employees" into believing that more people would be brought on to alleviate their overwhelming workload.

After interviewing 1,641 hiring managers, Resume Builder researchers found that 40% of employers posted fake job listings in 2024, and that three in 10 currently had ghost jobs listed. The idea to post them mostly trickled down from HR, followed by senior management and executives, their June 2024 article continued. Though the listings were posted on multiple hiring platforms, the majority of them appeared on LinkedIn and the companies' websites. Evidence suggests this trend is taking hold throughout the Bay Area, too. A collaborative document circulating online reveals a growing list of employers accused of posting ghost jobs. Many of them, it turns out, are tech companies with offices based in California.

An anonymous reader quotes a report from Ars Technica: More than 500 Amazon workers reportedly signed a letter to Amazon Web Services' (AWS) CEO this week, sharing their outrage over Amazon's upcoming return-to-office (RTO) policy that will force workers into offices five days per week. In September, Amazon announced that starting in 2025, workers will no longer be allowed to work remotely twice a week. At the time, Amazon CEO Andy Jassy said the move would make it easier for workers "to learn, model, practice, and strengthen our culture." Reuters reported today that it viewed a letter from a swath of workers sent to AWS chief Matt Garman on Wednesday regarding claims he reportedly made during an all-hands meeting this month. Garman reportedly told attendees that 9 out of 10 employees he spoke with support the five-day in-office work policy. The letter called the statements "inconsistent with the experiences of many employees" and "misrepresenting the realities of working at Amazon," Reuters reported. "We were appalled to hear the non-data-driven explanation you gave for Amazon imposing a five-day in-office mandate,'" the letter reportedly stated. [...]

In the letter, hundreds of Amazon workers reportedly lamented what they believe was a lack of third-party data shared in making the RTO policy. It said that Garman's statements "break the trust of your employees who have not only personal experience that shows the benefits of remote work but have seen the extensive data which supports that experience." The letter included stories from 12 anonymous employees about medical, familial, and other challenges that the new RTO policy could create. The letter also reportedly pointed out the obstacles that a five-day in-office work policy has on groups of protected workers, like those providing childcare. The new policy will not align with Amazon's "'Strive to be Earth's Best Employer' leadership principle,'" the letter said. In a statement, an Amazon spokesperson told Reuters that Amazon's benefits include commuter benefits, elder care, and subsidized parking fees.

Amazon, in what it described as a "difficult decision," is winding down Kindle Vella and shutting it down completely in February 2025. From a report: When the company launched the serialized story platform in 2021, it said Vella was a way for readers to discover new fictional stories and a new way for authors to earn from the Kindle Direct Publishing service. But it hasn't caught on as it had hoped, Amazon explains on its website, and it has decided to throw in the towel three years after Vella's debut.

Authors can only publish stories on Vella until December 4, which is also the last day readers can purchase tokens. While readers will no longer be able to purchase tokens after that, they can continue using those tokens to unlock episodes until the program closes in February. The good news for those who've been following specific authors or stories on Vella is that they won't lose their access to whatever episodes they've already unlocked even after the platform shuts down.

First we had friends. Then we had influencers. And if Mark Zuckerberg is correct, the next big thing in our social media feeds will be AI generated content. Lots of it. Fortune: Zuckerberg described our future feeds during Facebook-parent company Meta's third quarter earnings conference call on Wednesday, describing it as a natural evolution. "I think were going to add a whole new category of content which is AI generated or AI summarized content, or existing content pulled together by AI in some way," the Meta CEO said. "And I think that that's gonna be very exciting for Facebook and Instagram and maybe Threads, or other kinds of feed experiences over time."

Zuckerberg touted the company's Llama large language model and the success of products it powers, such as the Meta AI chatbot that is now used by more than 500 million users every month. But Llama will increasingly play a role across Meta's business, Zuckerberg said, including tools for business customers and advertisers. As AI tools become more widespread, AI content will proliferate within social media feeds. Such feeds are actively being worked on inside Meta, Zuckerberg noted. "It's something we're starting to test different things around." "I don't know if we know what's exactly going to work really well yet, but some things are really promising," he added. "I have high confidence that over the next several years, this will be one of the important trends and one of the important applications."

An anonymous reader quotes a report from Reuters: Siemens will buy Altair Engineering for $10.6 billion, the American engineering software firm said on Wednesday, as the German company seeks to strengthen its presence in the fast-growing industrial software market. The offer price of $113 per share represents a premium of about 18.7% to Altair's closing price on Oct. 21, a day before Reuters first reported that the company was exploring a sale. The deal for Michigan-based Altair is Siemens's biggest acquisition since Siemens Healthineers bought medical device maker Varian Medical Systems for $16.4 million in 2020. [...]

The transaction is anticipated to add to Siemens' earnings per share in about two years from the deal's closing, which is expected in the second half of 2025. It will also increase Siemens' digital business revenue by about 8%, adding approximately 600 million euros ($651.36 million) to the company's digital business revenue in fiscal 2023. The transaction would have a revenue impact of about $500 million per year in the mid-term and more than $1 billion per year in the long term, Siemens said.

Ars Technica's Samuel Axon reports on Microsoft's quarterly earnings: Some investors have been uneasy about the company's aggressive spending on AI, while others have demanded it. During this quarter, Microsoft reported that it spent $20 billion on capital expenditures, nearly double what it had spent during the same quarter last year. However, the company satisfied both groups of investors, as it revealed it has still been doing well in the short term amid those long-term investments. The fiscal quarter, which covered July through September, saw overall sales rise 16 percent year over year to $65.6 billion. Despite all that AI spending, profits were up 11 percent, too. The growth was largely driven by Azure and cloud services, which saw a 33 percent increase in revenue. The company attributed 12 percent of that to AI-related products and services.

Meanwhile, Microsoft's gaming division continued to challenge long-standing assumptions that hardware is king, with Xbox content and services posting 61 percent increased year-over-year revenue despite a 29 percent drop in hardware sales. [...] The company attributed 53 points of that to the recent $69 billion Activision acquisition.

The Register's Tobias Mann reports: Supermicro shares took a nose dive on Wednesday, sliding more than 30 percent after the accounting firm hired to review its reporting practices resigned after determining they were just a bit too sketchy to warrant the risk. "We are resigning due to information that has recently come to our attention which has led us to no longer be able to rely on management's and audit committee's representations," Ernst & Young wrote in a resignation letter, which also raised alarm bells regarding Supermicro CEO Charles Liang's influence over the board. The concerns, disclosed in a recent SEC filing, only serve to stoke the fires of controversy surrounding Supermicro, which, after more than two months, still hasn't filed its 10-K annual report and faces the possibility of being de-listed from the Nasdaq as a result. [...]

EY's resignation apparently came months after it raised concerns with management regarding the "governance, transparency, and completeness of" Supermicro's financial reporting, and warned that the release of the server maker's annual report was at significant risk. In response, Supermicro's board appointed an independent special committee and hired Cooley and forensic accounting firm Secretariat Advisors to review its internal controls and governance procedures. It seems EY was not too pleased with the special committee's findings which apparently raised yet more red flags. "After receiving additional information through the Review process, EY informed the special committee that the additional information EY received raised questions, including about whether the Company demonstrates a commitment to integrity and ethical values," the SEC filing reads.

An anonymous reader quotes a report from The Intercept: Less than a year after OpenAI quietly signaled it wanted to do business with the Pentagon, a procurement document obtained by The Intercept shows U.S. Africa Command, or AFRICOM, believes access to OpenAI's technology is "essential" for its mission. The September 30 document lays out AFRICOM's rationale for buying cloud computing services directly from Microsoft as part of its $9 billion Joint Warfighting Cloud Capability contract, rather than seeking another provider on the open market. "The USAFRICOM operates in a dynamic and evolving environment where IT plays a critical role in achieving mission objectives," the document reads, including "its vital mission in support of our African Mission Partners [and] USAFRICOM joint exercises."

The document, labeled Controlled Unclassified Information, is marked as FEDCON, indicating it is not meant to be distributed beyond government or contractors. It shows AFRICOM's request was approved by the Defense Information Systems Agency. While the price of the purchase is redacted, the approval document notes its value is less than $15 million. Like the rest of the Department of Defense, AFRICOM -- which oversees the Pentagon's operations across Africa, including local military cooperation with U.S. allies there -- has an increasing appetite for cloud computing. The Defense Department already purchases cloud computing access from Microsoft via the Joint Warfighting Cloud Capability project. This new document reflects AFRICOM's desire to bypass contracting red tape and buy immediatelyMicrosoft Azure cloud services, including OpenAI software, without considering other vendors. AFRICOM states that the "ability to support advanced AI/ML workloads is crucial. This includes services for search, natural language processing, [machine learning], and unified analytics for data processing." And according to AFRICOM, Microsoft's Azure cloud platform, which includes a suite of tools provided by OpenAI, is the only cloud provider capable of meeting its needs.

Microsoft began selling OpenAI's GPT-4 large language model to defense customers in June 2023. Earlier this year, following the revelation that OpenAI had changed its mind on military work, the company announced a cybersecurity collaboration with DARPA in January and said its tools would be used for an unspecified veteran suicide prevention initiative. In April, Microsoft pitched the Pentagon on using DALL-E, OpenAI's image generation tool, for command and control software. But the AFRICOM document marks the first confirmed purchase of OpenAI's products by a U.S. combatant command whose mission is one of killing. OpenAI's stated corporate mission remains "to ensure that artificial general intelligence benefits all of humanity." The AFRICOM document marks the first confirmed purchase of OpenAI's products by a U.S. combatant command whose mission is one of killing. "Without access to Microsoft's integrated suite of AI tools and services, USAFRICOM would face significant challenges in analyzing and extracting actionable insights from vast amounts of data," reads the AFRICOM document. "This could lead to delays in decision-making, compromised situational awareness, and decreased agility in responding to dynamic and evolving threats across the African continent." The document contains little information about how exactly the OpenAI tools will be used.

Simon Sharwood, reporting for The Register: Organisers of WordCamps, community-organized events for WordPress users, have been ordered to take down some social media posts and share their login credentials for social networks. The order to share creds came from an employee of Automattic, the WordPress host whose CEO happens to be Matt Mullenweg, co-creator of WordPress.

A letter sent to WordCamp organizers explains that the creds are needed due to "recurrent issues with new organizing teams losing access to the event's social media accounts." So far, so sensible. But the requirement to share creds comes in the middle of a nasty spat in the WordPress community, sparked by Mullenweg's efforts to have rival hosting biz WP Engine license the WordPress trademark or devote more staff to working on the open source content management system's code.

Dropbox is letting go 20% of its workforce as the cloud company undergoes what CEO Drew Houston calls a "transitional period." From a report: In a letter to staff, Houston said that the reduction in headcount would impact 528 people. The goal, he added, was to make cuts in areas where Dropbox has "over-invested" while designing a "flatter, more efficient" team structure.

"As CEO, I take full responsibility for this decision and the circumstances that led to it, and I'm truly sorry to those impacted by this change," he wrote. "This market is moving fast and investors are pouring hundreds of millions of dollars into this space. This both validates the opportunity we've been pursuing and underscores the need for even more urgency, even more aggressive investment, and decisive action." According to a filing with the SEC, Dropbox estimates it'll lay out total cash expenditures of $63 million to $68 million on the layoffs, primarily in the form of severance and benefits, and recognize $47 million to $52 million of incremental expense.

Visa customers with eligible debit cards will be able to deposit funds into their Coinbase accounts -- sometimes instantly -- via a partnership announced by the payments giant and crypto exchange. From a report: Coinbase already has millions of connections to customers' debit cards but this new development allows for the real-time flow of funds for customers in the US and European Union, according to the Tuesday statement.

Eligible Visa debit card holders can now "take advantage of trading opportunities day and night," said Yanilsa Gonzalez Ore, head of the Visa Direct business for North America. Visa, which powers the Coinbase debit card, said customers will also be able to buy cryptocurrencies on Coinbase with an eligible debit card and cash out their money from the platform to a bank account, also via the card.