Cryptocurrency firm Consensys said on Tuesday it would cut 20% of its total workforce, citing broader macroeconomic pressures and ongoing regulatory challenges facing the industry. From a report: The decision will impact 162 of a total of 828 employees at the company, Consensys CEO Joseph Lubin told Reuters in a mailed statement. Crypto companies have frequently accused the Securities and Exchange Commission of regulatory overreach and exceeding its jurisdiction, while the agency argues that the industry is disregarding securities laws designed to protect investors and other market participants.

"Multiple cases with the SEC, including ours, represent meaningful jobs and productive investment lost due to the SEC's abuse of power and Congress's inability to rectify the problem," Lubin said in a blog post, opens new tab. "Such attacks from the U.S. government will end up costing many companies that have been investigated, sued, or sent Wells Notices, many millions of dollars," he added.

Longtime Slashdot reader AmiMoJo shares a report from the Associated Press: Tech behemoth OpenAI has touted its artificial intelligence-powered transcription tool Whisper as having near "human level robustness and accuracy." But Whisper has a major flaw: It is prone to making up chunks of text or even entire sentences, according to interviews with more than a dozen software engineers, developers and academic researchers. Those experts said some of the invented text -- known in the industry as hallucinations -- can include racial commentary, violent rhetoric and even imagined medical treatments. Experts said that such fabrications are problematic because Whisper is being used in a slew of industries worldwide to translate and transcribe interviews, generate text in popular consumer technologies and create subtitles for videos.

The full extent of the problem is difficult to discern, but researchers and engineers said they frequently have come across Whisper's hallucinations in their work. A University of Michigan researcher conducting a study of public meetings, for example, said he found hallucinations in eight out of every 10 audio transcriptions he inspected, before he started trying to improve the model. A machine learning engineer said he initially discovered hallucinations in about half of the over 100 hours of Whisper transcriptions he analyzed. A third developer said he found hallucinations in nearly every one of the 26,000 transcripts he created with Whisper. The problems persist even in well-recorded, short audio samples. A recent study by computer scientists uncovered 187 hallucinations in more than 13,000 clear audio snippets they examined. That trend would lead to tens of thousands of faulty transcriptions over millions of recordings, researchers said. Further reading: AI Tool Cuts Unexpected Deaths In Hospital By 26%, Canadian Study Finds

JPMorgan Chase is suing customers who exploited an ATM glitch that allowed them to withdraw funds before a check bounced. CNBC reports: The bank on Monday filed lawsuits in at least three federal courts, taking aim at some of the people who withdrew the highest amounts in the so-called infinite money glitch that went viral on TikTok and other social media platforms in late August. [...] JPMorgan, the biggest U.S. bank by assets, is investigating thousands of possible cases related to the "infinite money glitch," though it hasn't disclosed the scope of associated losses. Despite the waning use of paper checks as digital forms of payment gain popularity, they're still a major avenue for fraud, resulting in $26.6 billion in losses globally last year, according to Nasdaq's Global Financial Crime Report.

The infinite money glitch episode highlights the risk that social media can amplify vulnerabilities discovered at a financial institution. Videos began circulating in late August showing people celebrating the withdrawal of wads of cash from Chase ATMs shortly after bad checks were deposited. Normally, banks only make available a fraction of the value of a check until it clears, which takes several days. JPMorgan says it closed the loophole a few days after it was discovered.

The lawsuits are likely to be just the start of a wave of litigation meant to force customers to repay their debts and signal broadly that the bank won't tolerate fraud, according to the people familiar. JPMorgan prioritized cases with large dollar amounts and indications of possible ties to criminal groups, they said. The civil cases are separate from potential criminal investigations; JPMorgan says it has also referred cases to law enforcement officials across the country. "Fraud is a crime that impacts everyone and undermines trust in the banking system," JPMorgan spokesman Drew Pusateri said in a statement to CNBC. "We're pursuing these cases and actively cooperating with law enforcement to make sure if someone is committing fraud against Chase and its customers, they're held accountable."

AT&T has signed a $1 billion multi-year deal with Corning to acquire fiber and connectivity solutions. Reuters reports: With the U.S. wireless market facing a slowdown, telecom companies such as AT&T and rival Verizon have doubled down on their high-speed internet businesses, an area that has long been dominated by broadband companies such as Comcast. Demand has also been growing for AT&T's plans that allow customers to combine its high-speed fiber data with its wireless phone service for a discount. In the third quarter, AT&T reported 28.3 million fiber passings, or the number of potential customer locations a fiber network passes by. It remains on track to pass more than 30 million fiber passings by the end of 2025.

A commercial military simulation software, originally inspired by Tom Clancy novels, has become an unexpected tool for military training across NATO forces and defense analysts worldwide. Command: Professional Edition, developed by Britain's Slitherine Software, has secured contracts with the U.S. Air Force and British Strategic Command, while Taiwanese analysts use it to war-game potential conflicts with China.

The software's success stems from its vast database of military equipment and capabilities, compiled through contributions from its million-strong user base. Marine Corps University's wargaming director Tim Barrick employs the software to train officers, noting its effectiveness in developing tactical creativity. "These are not simple problems," said Barrick, a retired Marine colonel, told WSJ.

A fascinating excerpt from the report: Command's British publisher, Slitherine Software, stumbled into popularity. The family business got started around 2000 selling retail CD-ROM games like Legion, involving ancient Roman military campaigns. When Defense Department officials in 2016 first contacted Slitherine, which is based in an old house in a leafy London suburb, its father-and-son managers were so stunned they thought the call might be a prank. "Are you taking the piss?" J.D. McNeil, the father, recalled asking near the end of the conversation.

Italian technology firm Bending Spoons has emerged as an unconventional private equity player, acquiring struggling tech companies and dramatically restructuring them for profitability, most notably with its purchase of note-taking app Evernote.

The Milan-based company, valued at $2.6 billion, has acquired six companies since 2022, including WeTransfer and Meetup's assets. CEO Luca Ferrari has told investors the company could deploy up to $2 billion for future acquisitions. Bending Spoons typically targets subscription-based software companies with steady cash flow, implementing steep price hikes and significant staff reductions post-acquisition.

At Evernote, the company dismissed over half the workforce and increased annual subscription costs by 63% to $130. The strategy appears to be working. Bending Spoons reports annual sales have surged to $700 million from $162 million in 2022, with Evernote turning profitable earlier this year.

AmiMoJo shares a report: Tech behemoth OpenAI has touted its artificial intelligence-powered transcription tool Whisper as having near "human level robustness and accuracy." But Whisper has a major flaw: It is prone to making up chunks of text or even entire sentences, according to interviews with more than a dozen software engineers, developers and academic researchers.

Those experts said some of the invented text -- known in the industry as hallucinations -- can include racial commentary, violent rhetoric and even imagined medical treatments. Experts said that such fabrications are problematic because Whisper is being used in a slew of industries worldwide to translate and transcribe interviews, generate text in popular consumer technologies and create subtitles for videos.

[...] It's impossible to compare Nabla's AI-generated transcript to the original recording because Nabla's tool erases the original audio for "data safety reasons," Nabla's chief technology officer Martin Raison said.

Indonesia has banned sales of Apple's iPhone 16, citing the tech giant's failure to meet local investment requirements, the country's Ministry of Industry said. The ministry said Apple's local unit has not fulfilled the mandatory 40% local content threshold for smartphones, making imported iPhone 16 units illegal for sale in Southeast Asia's largest economy.

About 9,000 iPhone 16 devices have entered Indonesia through passenger luggage since last month's launch. "These phones entered legally, but will be illegal if traded," the ministry said. Apple has invested 1.48 trillion rupiah ($108 million) of its 1.71 trillion rupiah commitment in Indonesia. The company operates four developer academies but no manufacturing facilities in the country, despite government pressure to expand its presence.

When SpaceX developed reusable boosters for its Falcon rockets, it helped cut costs of launches.

Now the Wall Street Journal reports that last week's first-time catch of "its huge Starship booster" could "extend SpaceX's cost advantages, especially in launches to low-Earth orbit, where SpaceX and others operate satellites." A fully and rapidly reusable Starship would push down SpaceX's costs by limiting the need to crank out new hardware and cutting downtime between flights, space industry executives say. Bain, the consulting firm, has estimated that Starship would reduce the cost of getting each kilogram to low-Earth orbit by 50 to 80 times... SpaceX's rocket peers are moving toward reusability, but they are behind the progress Musk's company has made.

- The huge booster that will power New Glenn, the orbital rocket Jeff Bezos' Blue Origin is developing, is designed to be reusable. That rocket is slated to launch for the first time next month.

- ULA, the rocket operator owned by Boeing and Lockheed Martin, is looking to recover the two engines that help power the first part of its new rocket, Vulcan Centaur. The parent company for Arianespace, whose new vehicle is powered by an expendable booster, has also invested in a startup developing a reusable booster.

- Last year, Rocket Lab USA used an engine that had flown before on a flight of its Electron rocket, and is working on a new vehicle, called Neutron, with a booster it could use again.

- Jason Kim, chief executive of Firefly Aerospace, said the reusable vehicle the Texas-based company is developing with Northrop Grumman would give launch customers more flexibility and better pricing. "It really comes down to the affordability and the schedule," Kim said in a recent interview.
"We need reusability for rockets, just like we have reusability for cars, for airplanes, for bicycles, for horses," Musk said in a video SpaceX posted earlier this year...

"Friction between bosses and their employees over the terms of their return shows no signs of abating," reports the Los Angeles Times. But there's one big loophole... About 80% of organizations have put in place return-to-office policies, but in a sign that many managers are reluctant to clamp down on the flexibility employees have become accustomed to, only 17% of those organizations actively enforce their policies, according to recent research by real estate brokerage CBRE. "Some organizations out there have 'mandated' something, but if most of your organization is not following that mandate, then there is not too much you can do to enforce it," said Julie Whelan, head of research into workplace trends for CBRE...

The tension "is due to the fact that we have changed since we all went to our separate corners and then came back" from pandemic-imposed office exile, said Elizabeth Brink, a workplace expert at architecture firm Gensler. "It's fair to say that we have different needs now." A disconnect persists between employer expectations for office attendance and employee behavior, CBRE found. Sixty percent of leaders surveyed said they want their employees in the office three or more days a week, while only 51% reported that employees work in the office at that frequency. Conversely, 37% of employees show up one or two days a week, yet only 17% of employers are satisfied with that attendance.
In the article, one worker complains about their employer's two-days-a-week of mandated in-office time. "I feel like I'm back in grade school and being forced to sit down and do my homework."

The article also notes some employers are also considering changes in the other direction: "calculating whether to shed office space to cut down on rent, typically the largest cost of operating a business after payroll."

Boeing received an email from the chief pilot at Ethiopian Airlines on December 1, 2018 with several questions, reports the New York Times (alternate URL here). "in essence the pilot was asking for direction. If we see a series of warnings on the new 737 Max, he posed, what do we do?" What ensued was an email conversation among a number of Boeing senior officials about whether they could answer the pilot's questions without violating international restrictions on disseminating information about a crash while it was still under investigation. That restriction was in play because a 737 Max flown by Lion Air had crashed a few weeks earlier leaving Indonesia. The inquiry from Ethiopian Airlines would prove chillingly prescient because just months later one of its 737s would go down because of a flight control malfunction similar to the one that led to the Lion Air crash. The Ethiopian Airlines crash would kill everyone on board and leave questions about whether Boeing had done everything it could to inform pilots of what it had learned about the malfunction and how to handle it.

In response to the inquiry from Ethiopian Airlines, Boeing's chief pilot, Jim Webb, proposed to his colleagues that he thank the airline for attending a previous briefing on the flight control system, called MCAS, but otherwise decline to answer the pilot's first two questions and just refer the airline to training materials and previously issued guidance. Most of those on the email agreed.
Boeing's eventual response? "I can only address the current system and the Operations Manual Bulletin. The first two questions directly relate to the accident scenario; therefore, I will be unable to address them here." The Times adds that Boeing's chief pilot Jim Webb then "ended the email by stating that if airline officials had any additional questions about the bulletin and system, they should feel free to reach out....

"It is impossible to know whether any pilots with Ethiopian Arlines would have acted differently if Webb's reply had been more forthcoming. But Boeing's limited response to an airline seeking help highlights a missed opportunity to collaborate on safety and to pass along lessons Boeing had collected following the Lion Air jet's crash into the Java Sea on Oct. 29, 2018."

A writer for the New York Times editorial board argues we don't yet fully understand the impact of warehouses. "Thanks to the rise of online shopping and the proximity to so many American doorsteps, warehouses have become a major source of blue-collar employment," both in Bethlehem, Pennsylvania and beyond. "In Pennsylvania's Lehigh Valley, more than 19,000 people work in the warehouses that prepare our packages. Thousands more drive the trucks that deliver them."

But while the total number of warehouse-related jobs almost replaces the jobs lost from the closure of a major steel plant, "the political power that blue-collar workers once wielded has not been replaced." Despite their large numbers, their importance to the economy, and their presence in Northampton — a swing county in a crucial battleground state — warehouse workers don't form an influential voting bloc in the way that steelworkers did... It turns out that making stuff isn't the same as distributing it. Working in a steel mill is a communal act that lends itself to the pursuit of political power in a way that warehouse jobs do not. Steelworkers toiled alongside one another, forming lifelong bonds, bowling leagues and unions that delivered a reliable voting bloc. Back when thousands of workers streamed out of the gates of Bethlehem Steel at quitting time, "politicians would come out to shake our hands," Jerry Green, retired president of United Steelworkers Local 2599, told me.

Factories were so good at political mobilization, in fact, that some credit them for democracy itself. Women and working-class men won the right to vote in the United States, Western Europe and much of East Asia after about a quarter of those populations were employed in factories, according to recent research by Sam van Noort, a lecturer at Princeton. Warehouses, by contrast, have no such mystique. Nobody campaigns outside the Walmart distribution centers here. Workers tend to be hired by staffing agencies and many stay for only a few months. They work on their own and rarely socialize. They are notoriously difficult to organize. Alec MacGillis, author of "Fulfillment: America in the Shadow of Amazon," told me that the biggest challenge for labor organizers at Amazon warehouses was getting workers to stay on the job long enough to feel a sense of solidarity.

Malenie Tapia, who moved to Bethlehem from Queens, N.Y., five years ago and took a job as a "picker" in a Zara warehouse, explained why. For eight hours a day, she grabbed items off numbered shelves and delivered them to packers who packed them into boxes. Talking to co-workers was forbidden, she said, except during a brief lunch break. "Sometimes I would go to the section in the back, where there would be less eyes on you, and sneak in a little moment of conversation," she said.
Here's what happened when the reporter asked a pair of Latino workers about their political opinions: Most of all, they fretted about being replaced by machines. They spoke with dread about a fully automated McDonald's and a robot that unloads container ships. They didn't seem to see themselves as part of a working class that could band together to demand protections for their jobs.

The hot political issue around warehouses isn't the workers at all; it's the traffic and loss of green space associated with them. Both the Democratic and Republican candidates in the race for a state representative seat in Northampton have vowed to stop the proliferation of warehouses, which some citizens' groups say destroys their rural way of life. If warehouse workers had a political voice, they might push back. But they don't, so they won't. Warehouses have been an economic boon. But politically, for workers, they are a loss.

The cost of cleaning up the U.K.'s largest nuclear site, "is expected to spiral to £136 billion" (about $176 billion), according to the Guardian, creating tension with the country's public-spending watchdog.

Projects to fix the state-owned buildings with hazardous and radioactive material "are running years late and over budget," the Guardian notes, with the National Audit Office suggesting spending at the Sellafield site has risen to more than £2.7 billion a year ($3.49 billion). Europe's most hazardous industrial site has previously been described by a former UK secretary of state as a "bottomless pit of hell, money and despair". The Guardian's Nuclear Leaks investigation in late 2023 revealed a string of cybersecurity problems at the site, as well as issues with its safety and workplace culture. The National Audit Office found that Sellafield was making slower-than-hoped progress on making the site safe and that three of its most hazardous storage sites pose an "intolerable risk".

The site is a sprawling collection of buildings, many never designed to hold nuclear waste long-term, now in various states of disrepair. It stores and treats decades of nuclear waste from atomic power generation and weapons programmes, has taken waste from countries including Italy and Sweden, and is the world's largest store of plutonium.

Sellafield is forecast to cost £136bn to decommission, which is £21.4bn or 18.8% higher than was forecast in 2019. Its buildings are expected to be finally torn down by 2125 and its nuclear waste buried deep underground at an undecided English location. The underground project's completion date has been delayed from 2040 to the 2050s at the earliest, meaning Sellafield will need to build more stores and manage waste for longer. Each decade of delay costs Sellafield between £500m and £760m, the National Audit Office said.

Meanwhile, the government hopes to ramp up nuclear power generation, which will create more waste.
"Plans to clean up three of its worst ponds — which contain hazardous nuclear sludge that must be painstakingly removed — are running six to 13 years later than forecast when the National Audit Office last drew up a report, in 2018... "

"One pond, the Magnox swarf storage silo, is leaking 2,100 litres of contaminated water each day, the NAO found. The pond was due to be emptied by 2046 but this has slipped to 2059."

Thanks to long-time Slashdot reader AmiMoJo for sharing the news.

"The world's largest renewable energy and transmission project has received key approval from government officials," reports New Atlas.

Solar power from Australia will be carried 2,672 miles (4,300 kilometers) to Singapore over undersea cables in what's being called "the Australia-Asia Power Link project." Reuters reports that SunCable "aims to produce 6 gigawatts of electricity at a vast solar farm in Northern Australia and ship about a third of that to Singapore via undersea cable."

More from New Atlas: [The project] will start by constructing a mammoth solar farm in Australia's Northern Territory to transmit around-the-clock clean power to [the Australian city] Darwin, and also export "reliable, cost-competitive renewable energy" to Singapore... with a clean energy generation capacity of up to 10 gigawatts, plus utility scale onsite storage. [The recently-obtained environmental approval] also green lights an 800-km (~500-mile) overhead transmission line between the solar precinct and Murrumujuk near Darwin...

If all of the dominoes line up perfectly, supply of the first clean electricity is estimated to start in the early 2030s. An overview graphic on the project page shows that the eventual end game for the Powell Creek development appears to be the generation of up to 20 GW of peak solar power and have some 36-42 GWh of battery storage on site.
Thanks to long-time Slashdot reader AmiMoJo for sharing the news.

Bitwarden describes itself as an "open source password manager for business." But it also made a change to its build requirement which led to an issue on the project's GitHub page titled "Desktop version 2024.10.0 is no longer free software."

In the week that followed Bitwarden's official account on X.com promised a fix was coming. "It seems a packaging bug was misunderstood as something more, and the team plans to resolve it. Bitwarden remains committed to the open source licensing model in place for years, along with retaining a fully featured free version for individual users." And Thursday Bitwarden followed through with new changes to address the concerns.

The Register reports the whole episode started because of a new build requirement added in a pull request a couple of weeks ago titled "Introduce SDK client." This SDK is required to compile the software from source — either the Bitwarden server or any of its client applications... [But the changed license had warned "You may not use this SDK to develop applications for use with software other than Bitwarden (including non-compatible implementations of Bitwarden) or to develop another SDK."]
Phoronix picks up the story: The issue of this effectively not making the Bitwarden client free software was raised in this GitHub issue... Bitwarden founder and CTO Kyle Spearrin has commented on the ticket... "Being able to build the app as you are trying to do here is an issue we plan to resolve and is merely a bug." The ticket was subsequently locked and limited to collaborators.
And Thursday it was Bitwarden founder and CTO Kyle Spearrin who again re-appeared in the Issue — first thanking the user who had highlighted the concerns. "We have made some adjustments to how the SDK code is organized and packaged to allow you to build and run the app with only GPL/OSI licenses included." The sdk-internal package references in the clients now come from a new sdk-internal repository, which follows the licensing model we have historically used for all of our clients (see LICENSE_FAQ.md for more info). The sdk-internal reference only uses GPL licenses at this time. If the reference were to include Bitwarden License code in the future, we will provide a way to produce multiple build variants of the client, similar to what we do with web vault client builds.

The original sdk repository will be renamed to sdk-secrets, and retains its existing Bitwarden SDK License structure for our Secrets Manager business products. The sdk-secrets repository and packages will no longer be referenced from the client apps, since that code is not used there.

An anonymous reader quotes a report from Reuters: Delta Air Lines on Friday sued cybersecurity firm CrowdStrike in a Georgia state court after a global outage in July caused mass flight cancellations, disrupted travel plans of 1.3 million customers and cost the carrier more than $500 million. Delta's lawsuit filed in Fulton County Superior Court called the faulty software update from CrowdStrike "catastrophic" and said the firm "forced untested and faulty updates to its customers, causing more than 8.5 million Microsoft Windows-based computers around the world to crash." [...]

Delta, which has purchased CrowdStrike products since 2022, said the outage forced it to cancel 7,000 flights, impacting 1.3 million passengers over five days. "If CrowdStrike had tested the faulty update on even one computer before deployment, the computer would have crashed," Delta's lawsuit says. "Because the faulty update could not be removed remotely, CrowdStrike crippled Delta's business and created immense delays for Delta customers." Delta said that as part of its IT-planning and infrastructure, it has invested billions of dollars "in licensing and building some of the best technology solutions in the airline industry."

According to the Wall Street Journal, Boeing is weighing the sale of its space division. "The plans, which are reportedly at an early stage, could involve Boeing offloading the Starliner spacecraft and its projects supporting the International Space Station," reports The Verge. From the report: Boeing is facing a series of predicaments, including a fraud charge over 737 Max plane crashes and Starliner issues that left two astronauts at the ISS for months. Just this week, a Boeing-made satellite for Intelsat stopped working and fell apart suddenly after suffering an "anomaly."

"We're better off doing less and doing it better than doing more and not doing it well," Boeing CEO Kelly Ortberg said during an earnings call this week. "Clearly, our core of commercial airplanes and defense systems are going to stay with the Boeing Company for the long run. But there's probably some things on the fringe there that we can be more efficient with or that distract us from our main goal here."

However, sources tell the WSJ that Boeing will likely continue to oversee the Space Launch System, which will eventually help bring NASA astronauts back to the Moon. It's also reportedly expected to hang onto its commercial and military satellite businesses.

The top U.S. consumer finance watchdog warned businesses about potential legal problems they could face from using new technology such as artificial intelligence or algorithmic scores to snoop on and evaluate their employees. From a report: The Consumer Financial Protection Bureau on Thursday said "invasive" new tools to monitor workers are governed by a law designed to ensure fairness in credit reporting, giving employees specific rights. Employees have the right to consent to the collection of personal information, to receive detailed information and to dispute inaccurate information, the CFPB said in the newly released guidance.

"Workers shouldn't be subject to unchecked surveillance or have their careers determined by opaque third-party reports without basic protections," CFPB Director Rohit Chopra said. More companies are leaning on AI and other powerful tools throughout the employment process, using software that can, for example, interview candidates and surveillance tools that can look for unsafe behavior. Americans have expressed concerns about Big Brother-style surveillance while they are on the job.

PayPal will begin sharing detailed customer purchase data, including clothing sizes and shopping preferences, with retailers for targeted advertising starting November 27, the payments company announced in a recent privacy update. The initiative affects PayPal's 391 million active consumer accounts worldwide. While customers can opt out through the app's settings, the GAO reports such opt-out rates typically remain below 7% across financial services.

An anonymous reader shares a report: Drivers passing through San Francisco have a new roadside distraction to consider: billboards calling out businesses that don't cough up for the open source code that they use. The signs are the work of the Open Source Pledge -- a group that launched earlier this month. It asks businesses that make use of open source code to pledge $2,000 per developer to support projects that develop the code. So far, 25 companies have signed up -- but project co-founder Chad Whitacre wants bigger firms to pay their dues, too.

Whitacre, whose day job is head of open source at app-monitoring biz Sentry, told The Register his employer has for three years operated a scheme to pay developers who maintain and upgrade open source code. "We do dollars per developer, the thinking being it's the developers and software engineers on the staff at a company who benefit the most from open source, who become more productive because of open source," he said. "I had one conversation with a representative from a larger firm and he's like: 'Chad, you're asking me to spend ten million on maintainers.'" Whitacre affirmed that request, and pointed out the firm "spends ten million on something anyway."