A brain implant startup called Synchron is preparing to recruit patients for a large-scale clinical trial to seek commercial approval for its device. Reuters reports: Synchron on Monday plans to launch an online registry for patients interested in joining the trial meant to include dozens of participants, and has received interest from about 120 clinical trial centers to help run the study, CEO Thomas Oxley said in an interview. "Part of this registry is to start to enable local physicians to speak to patients with motor impairment," he said. "There's a lot of interest so we don't want it to come in a big bottleneck right before the study we'll be doing."

Synchron received U.S. authorization for preliminary testing in July 2021 and has implanted its device in six patients. Prior testing in four patients in Australia showed no serious adverse side effects, the company has reported. Synchron will be analyzing the U.S. data to prepare for the larger study, while awaiting authorization from the U.S. Food and Drug Administration to proceed, Oxley said. Synchron and the FDA declined to comment on the expected timing of that decision. The company aims to include patients who are paralyzed due to the neurodegenerative disease ALS (amyotrophic lateral sclerosis), stroke and multiple sclerosis, Oxley said. [...]

Synchron's device is delivered to the brain via the large vein that sits next to the motor cortex in the brain instead of being surgically implanted into the brain cortex like Neuralink's. The FDA has asked Synchron to screen stroke patients using a non-invasive test to determine whether they would respond to an implant, Oxley said. "They want to expand the market to people who have had a stroke severe enough to cause paralysis because if limited to quadriplegia, the market is way too small to be sustainable," Kip Ludwig, former program director for neural engineering at the U.S. National Institutes of Health, said of Synchron. In 2020, Synchron reported that patients, opens new tab in its Australian study could use its first-generation device to type an average of 16 characters per minute. That's better than non-invasive devices that sit atop the head and record the electrical activity of the brain, which have helped people type up to eight characters per minute, but not the leap forward that is hoped for with an implant, Ludwig said. Oxley would not say whether typing has gotten faster or offer any other details from the ongoing U.S. trial. Reuters notes that Synchron's investors include billionaires Jeff Bezos and Bill Gates. It's competing with Elon Musk's Neuralink brain implant startup and claims it's farther along in the process of testing its device.

Earlier this year, Neuralink said it implanted a chip in its first human patient. It later said the patient fully recovered and was able to control a computer mouse using their thoughts.

According to the European Union, Earth has reached its warmest March on record, capping a 10-month streak in which every month set a new temperature record. Reuters reports: Each of the last 10 months ranked as the world's hottest on record, compared with the corresponding month in previous years, the EU's Copernicus Climate Change Service (C3S) said in a monthly bulletin. The 12 months ending with March also ranked as the planet's hottest ever recorded 12-month period, C3S said. From April 2023 to March 2024, the global average temperature was 1.58 degrees Celsius above the average in the 1850-1900 pre-industrial period.

C3S' dataset goes back to 1940, which the scientists cross-checked with other data to confirm that last month was the hottest March since the pre-industrial period. Already, 2023 was the planet's hottest year in global records going back to 1850. El Nino peaked in December-January and is now weakening, which may help to break the hot streak toward the end of the year. But despite El Nino easing in March, the world's average sea surface temperature hit a record high, for any month on record, and marine air temperatures remained unusually high, C3S said. "The main driver of the warming is fossil fuel emissions," said Friederike Otto, a climate scientist at Imperial College London's Grantham Institute. Failure to reduce these emissions will continue to drive the warming of the planet, resulting in more intense droughts, fires, heatwaves and heavy rainfall, Otto said.

As the moon blocked the view of the sun across parts of Mexico, the United States and Canada on Monday, the celestial event managed another magnificent feat: It got people offline. From a report: According to Cloudflare, a cloud-computing service used by about 20 percent of websites globally, internet traffic dipped along the path of totality as spellbound viewers took a break from their phones and computers to catch a glimpse of the real-life spectacle.

The places with the most dramatic views saw the biggest dips in traffic compared with the previous week. In Vermont, Arkansas, Indiana, Maine, New Hampshire and Ohio -- states that were in the path of totality, meaning the moon completely blocked out the sun -- internet traffic dropped by 40 percent to 60 percent around the time of the eclipse, Cloudflare said. States that had partial views also saw drops in internet activity, but to a much lesser extent. At 3:25 p.m. Eastern time, internet traffic in New York dropped by 29 percent compared with the previous week, Cloudflare found.

The path of totality made up a roughly 110-mile-wide belt that stretched from Mazatlan, Mexico, to Montreal. In the Mexican state of Durango, which was in the eclipse zone, internet traffic measured by Cloudflare dipped 57 percent compared with the previous week, while farther south, in Mexico City, traffic was down 22 percent. The duration of the eclipse's totality varied by location, with some places experiencing it for more than four minutes while for others, it was just one to two minutes.

Across the U.S., insurance companies are using aerial images of homes as a tool to ditch properties seen as higher risk [non-paywalled link]. From a report: Nearly every building in the country is being photographed, often without the owner's knowledge. Companies are deploying drones, manned airplanes and high-altitude balloons to take images of properties. No place is shielded: The industry-funded Geospatial Insurance Consortium has an airplane imagery program it says covers 99% of the U.S. population. The array of photos is being sorted by computer models to spy out underwriting no-nos, such as damaged roof shingles, yard debris, overhanging tree branches and undeclared swimming pools or trampolines. The red-flagged images are providing insurers with ammunition for nonrenewal notices nationwide.

The Seattle Times has a Pulitzer Prize-winning aerospace journalist named Dominic Gates. Sunday he published an expose on "a yearslong decline of safety standards" at Boeing.

After a 1997 merger, its new executive leaders "treated experienced engineers and machinists as expendable, ignoring the potential damage to Boeing's essential mission of designing and building high-quality airplanes...." The arc of Boeing's fall can be traced back a quarter century, to when its leaders elevated the interests of shareholders above all others, said Richard Aboulafia, industry analyst with AeroDynamic Advisory. "Crush the workers. Share price. Share price. Share price. Financial moves and metrics come first," was Boeing's philosophy, he said. It was, he said, "a ruthless effort to cut costs without any realization of what it could do to capabilities...." Its leaders outsourced work, sold off whole divisions and discarded key capabilities such as developing avionics, machining parts and building fuselages. On the 787, they even outsourced the jet's wings to Japan. They moved work away from Boeing's highly skilled, unionized base in the Puget Sound region. They weakened unions and extorted state government with repeated threats to build future airplanes elsewhere. They squeezed suppliers by demanding price cuts every year that in turn forced the suppliers into ruinous cost-cutting and left them vulnerable to collapse during shocks like the COVID-19 pandemic....

Belatedly, Boeing's current leaders, overwhelmed by criticism, mockery and outrage since January, have finally admitted publicly that some key strategies they pursued for decades were flawed. "Boeing, more than 20 years ago, probably got a little too far ahead of itself on the topic of outsourcing," Chief Financial Officer Brian West said last month. And in January, on CNBC, Boeing Chief Executive Dave Calhoun conceded: "Did it go too far? Yeah, probably did."

Both were speaking about major supplier Spirit AeroSystems of Wichita, Kan., part of Boeing until it was sold off two decades ago, part of a broad divestment of assets to please Wall Street and boost the stock. Following a litany of quality lapses in Wichita, Boeing is now admitting a mistake and trying to buy Spirit back — "for safety and for quality," said West. Another mistake belatedly recognized: With annual bonuses for Boeing's factory managers based largely on meeting cost and schedule targets, it was long a cardinal sin to stop the assembly line. That meant unfinished jobs piled up on aircraft as they moved forward down the line, what Boeing calls "traveled work." Done out of sequence, this work is more difficult and takes much longer. If too much traveled work piles up, it creates chaos. That's what happened in Renton on the 737 assembly line. "For years, we prioritized the movement of the airplane through the factory over getting it done right, and that's got to change," West said. "Once you reduce traveled work, your quality gets better...."

Speaking of how Spirit might be fixed, West said: "It's really about focus and running it, not as a business, as a factory. Run it as a factory and stay focused on safety and quality and stability."
Phil Chandler, a highly skilled Boeing machinist for more than 42 years (retiring in 2020), saw a "dictatorial" approach on the factory floor, according to the article. "Whereas in the past, first-level and even second-level managers in the factory had come up through the ranks as mechanics and had deep knowledge of the work, after [Boeing president Harry] Stonecipher came in those jobs shifted to white-collar people with degrees, often with MBAs."

And a former Boeing physicist also complains about the "shoot-the-messenger" management approach when developing their 787, according to the article: "Engineers who raised technical doubts were told: 'Follow the plan. If you can't do your job, I'll fire you and get someone who can.'"

"Varda Space Industries has closed a massive tranche of funding," reports TechCrunch, "just weeks after its first drug manufacturing capsule returned from orbit."

Varda has now raised $145 million to date, the article points out, and the $90 million in new Series B funding "marks an inflection point for the company, which is now gearing up to scale from the initial demonstration mission to a regular set of missions carrying customer payloads, Varda founder Delian Asparouhov told TechCrunch." El Segundo-based Varda was founded in 2021 by Asparouhov, who is also a partner at Founders Fund, and Will Bruey, a spacecraft engineer who cut his teeth at SpaceX. The pair had an audacious goal to commercialize what until very recently was promising but ultimately small-scale research into the effects of microgravity on pharmaceutical crystals... Astronauts have been conducting protein crystallization experiments in space for decades on the International Space Station and before that, the Space Shuttle. But the business case for expanding this research has never materialized — until now...

Part of the reason Varda is possible today is due to the availability of regular, low-cost rideshare launches from SpaceX and Rocket Lab's innovations in satellite bus manufacturing. Even beyond these external partnerships, the startup has made significant headway in its own right, as the success of the first mission showed: Their reentry capsule appears to have performed flawlessly and the experiment to reformulate the HIV medicine ritonavir was executed without a hitch, it says. Varda has also started publishing the results of its internal R&D efforts, including a scientific paper on its hyper-gravity (as opposed to microgravity) crystallization platform, which the startup developed as a sort of screening method prior to sending drugs to space. [The paper is titled "Gravity as a Knob for Tuning Particle Size Distributions of Small Molecules."] It's an entirely new field of research that takes advantage of the ability to truly unlock gravity as a variable in scientific experiments. "Over time, we will be able to generate data sets between both hyper-gravity and microgravity and start to show correlations," he said....

In a recent podcast appearance, he specified that the all-in initial mission cost around $12 million, which will drop to $5-6 million by mission 4 and $2.5 million or less by mission 10.) Larger capsules are also in the longer-term pipeline, though also not until the 2027 time frame. Asparouhov also confirmed that pharmaceuticals will be Varda's sole focus for the next 10-20 (or more) years, based on the company's conviction that pharmaceutical products will generate more economic value compared to other materials. A lot of that comes down to the fact that there are a significant set of drugs that require only a "seed" of the material that can only be made in microgravity, and the rest of the drug formulation can be completed here on Earth...

The company is also aiming to improve the processing capabilities of the on-board pharmaceutical reactor. The first mission carried just one drug protein, but in the future the company hopes to process multiple drug products that could be run through different processing regimes. In the future, other missions could carry larger reactors for drugs that do need more than the "seed" crystal, and those mission profiles would be closer to something like mass manufacturing.
Varda already has "a handful" of signed contracts with biotech companies, according to the article — and Varda's next manufacturing mission "will launch later this year."

CNN revisits 2003's disastrous landing of the Space Shuttle Columbia tonight with two "immersive" specials co-produced by BBC and Mindhouse Productions "featuring exclusive interviews and revealing never-before-broadcast footage," according to an announcement — with two more specials airing next week.

You can watch a trailer here. Across four episodes, the story of the ticking-clock of Columbia's final mission is told in dramatic detail, beginning months before the troubled launch, unfolding across the sixteen days in orbit, and concluding with the investigation into the tragic loss of the seven astronauts' lives. Weaving together intimate footage shot by the astronauts themselves inside the orbiter, exclusive first-hand testimony from family members of the Shuttle's crew, key players at NASA — some of whom have never spoken before — and journalists who covered the story on the ground, the series paints an intimate portrait of the women and men onboard and uncovers in forensic detail the trail of events and missed opportunities that ultimately led to disaster.
CNN says the first two episodes will livestream tonight at 9 p.m. EST (time-delayed on the west coast until 9 p.m.PST) — and then be available on-demand starting Monday — "for pay TV subscribers via CNN.com, CNN connected TV and mobile apps." CNN's web site offers a "preview" of its live TV offerings here.

They're promising "the inside story of one America's most iconic institutions, uncovering how financial pressures and a culture of complacency may have contributed to the events of February 1, 2003. The series also reflects on the legacy of the Space Shuttle era, serving as a timely exploration of the challenges and inherent dangers that remain relevant to space travel today."

On its web site CNN has also published two companion articles — one by Rice history professor Douglas Brinkley arguing that NASA "was America's crown jewel. After the Columbia disaster it was never quite the same." Because other shuttle missions had returned safely with "shredded" surface tiles — and because the stalwart Columbia had brought astronauts home from 27 previous flights — many NASA officials were lulled into complacency. They went so far as to assure the pilot and commander via email that "there is no concern ... We have seen the same phenomenon on several other flights and there is absolutely no concern for entry."

NASA officials also decided against enlisting spy satellite photography to examine the shuttle damage more thoroughly. If they had, it's possible that the astronauts could have repaired the spaceplane or at least abandoned it for refuge on the International Space Station...

As the Columbia Accident Investigation Board (CAIB) noted in its final report, "the NASA organizational culture had as much to do with this accident as the foam." All of NASA's launches were suspended for two years. While the shuttles eventually flew again, post-Columbia, the program was stunted and curtailed.
The article notes that since then SpaceX, Blue Origin, and the United Launch Alliance (Lockheed Martin and Boeing) "are thriving today in the space industry," along with Virgin Galactic and Axiom Space. "NASA, far from feeling threatened, has encouraged many of the private companies with massive contracts. The agency already had a long history of dealing with sub-contractors, using its pocketbook to steer aerospace development; that tradition has adjusted seamlessly to the current space economy."

In the other article CNN Space & Science writer Jackie Wattles notes that when America later retired its Space Shuttle program in 2011, "no U.S. astronaut would travel to space on an American-made rocket for nearly a decade."

A professor at Ithaca College runs part of each student's essay through ChatGPT, "asking the AI tool to critique and suggest how to improve the work," reports CNN. (The professor said "The best way to look at AI for grading is as a teaching assistant or research assistant who might do a first pass ... and it does a pretty good job at that.")

And the same professor then requires their class of 15 students to run their draft through ChatGPT to see where they can make improvements, according to the article: Both teachers and students are using the new technology. A report by strategy consultant firm Tyton Partners, sponsored by plagiarismâdetection platform Turnitin, found half of college students used AI tools in Fall 2023. Meanwhile, while fewer faculty members used AI, the percentage grew to 22% of faculty members in the fall of 2023, up from 9% in spring 2023.

Teachers are turning to AI tools and platforms — such as ChatGPT, Writable, Grammarly and EssayGrader — to assist with grading papers, writing feedback, developing lesson plans and creating assignments. They're also using the burgeoning tools to create quizzes, polls, videos and interactives to up the ante" for what's expected in the classroom. Students, on the other hand, are leaning on tools such as ChatGPT and Microsoft CoPilot — which is built into Word, PowerPoint and other products.

But while some schools have formed policies on how students can or can't use AI for schoolwork, many do not have guidelines for teachers. The practice of using AI for writing feedback or grading assignments also raises ethical considerations. And parents and students who are already spending hundreds of thousands of dollars on tuition may wonder if an endless feedback loop of AI-generated and AI-graded content in college is worth the time and money.
A professor of business ethics at the University ofâVirginia "suggested teachers use AI to look at certain metrics — such as structure, language use and grammar — and give a numerical score on those figures," according to the article. ("But teachers should then grade students' work themselves when looking for novelty, creativity and depth of insight.")

But a writer's workshop teacher at the University of Lynchburg in Virginia "also sees uploading a student's work to ChatGPT as a 'huge ethical consideration' and potentially a breach of their intellectual property. AI tools like ChatGPT use such entries to train their algorithms..."

Even the Ithaca professor acknowledged to CNN that "If teachers use it solely to grade, and the students are using it solely to produce a final product, it's not going to work."

While the European Parliament passed a wide-ranging "AI Act" in March, "Leaders from Microsoft, Google, and OpenAI have all called for AI regulations in the U.S.," writes CIO magazine. Even the Chamber of Commerce, "often opposed to business regulation, has called on Congress to protect human rights and national security as AI use expands," according to the article, while the White House has released a blueprint for an AI bill of rights.

But even though the U.S. Congress hasn't passed AI legislation — 16 different U.S. states have, "and state legislatures have already introduced more than 400 AI bills across the U.S. this year, six times the number introduced in 2023." Many of the bills are targeted both at the developers of AI technologies and the organizations putting AI tools to use, says Goli Mahdavi, a lawyer with global law firm BCLP, which has established an AI working group. And with populous states such as California, New York, Texas, and Florida either passing or considering AI legislation, companies doing business across the US won't be able to avoid the regulations. Enterprises developing and using AI should be ready to answer questions about how their AI tools work, even when deploying automated tools as simple as spam filtering, Mahdavi says. "Those questions will come from consumers, and they will come from regulators," she adds. "There's obviously going to be heightened scrutiny here across the board."
There's sector-specific bills, and bills that demand transparency (of both development and output), according to the article. "The third category of AI bills covers broad AI bills, often focused on transparency, preventing bias, requiring impact assessment, providing for consumer opt-outs, and other issues."

One example the article notes is Senate Bill 1047, introduced in the California State Legislature in February, "would require safety testing of AI products before they're released, and would require AI developers to prevent others from creating derivative models of their products that are used to cause critical harms."

Adrienne Fischer, a lawyer with Basecamp Legal, a Denver law firm monitoring state AI bills, tells CIO that many of the bills promote best practices in privacy and data security, but said the fragmented regulatory environment "underscores the call for national standards or laws to provide a coherent framework for AI usage."

Thanks to Slashdot reader snydeq for sharing the article.

"America's honeybee population has rocketed to an all-time high," reports the Washington Post: We've added almost 1 million bee colonies in the past five years. We now have 3.8 million, the census shows. Since 2007, the first census after alarming bee die-offs began in 2006, the honeybee has been the fastest-growing livestock segment in the country! And that doesn't count feral honeybees, which may outnumber their captive cousins several times over...

Much of the explosion of small producers came in just one state: Texas. The Lone Star State has gone from having the sixth-most bee operations in the country to being so far ahead of anyone else that it out-bees the bottom 21 states combined... [A]ll 254 Texas counties adopted bee rules requiring, for example, six hives on five acres plus another hive for every 2.5 acres beyond that to qualify for the tax break...

When the census was taken in December 2022, California had more than four times as many bees as any other state. We emailed pollination expert Brittney Goodrich at the University of California at Davis, who explained that pollinating the California almond crop "demands most of the honeybee colonies in the U.S. each year...

Sadly, however, this does not mean we've defeated colony collapse. One major citizen-science project found that beekeepers lost almost half of their colonies in the year ending in April , the second-highest loss rate on record. For now, we're making up for it with aggressive management. The Texans told us that they were splitting their hives more often, replacing queens as often as every year and churning out bee colonies faster than the mites, fungi and diseases can take them down. But this may not be good news for bees in general. "It is absolutely not a good thing for native pollinators," said Eliza Grames, an entomologist at Binghamton University, who noted that domesticated honeybees are a threat to North America's 4,000 native bees, about 40% of which are vulnerable to extinction...

Many of the same forces collapsing managed beehives also decimate their native cousins, only the natives don't usually have entire industries and governments pouring hundreds of millions of dollars into supporting them.
So while Texas bee exemptions "have become big business," the article ends with this quote from Mace Vaughan, who leads pollinator and agricultural biodiversity at Xerces, an expanding insect-conservation outfit. "The way you support both honeybees and beekeepers — and the way you save native pollinators — is to go out there and create beautiful flower-rich habitat on your farm or your garden."

Thursday America's Environmental Protection Agency "awarded $20 billion to help finance clean-energy projects across the country," reports the Washington Post. The money comes from the Greenhouse Gas Reduction Fund established by President Biden's signature climate law, the Inflation Reduction Act. The fund seeks to leverage public and private dollars to invest in clean-energy technologies such as solar panels, heat pumps and more.

The program is potentially one of the most consequential — yet least understood — parts of the climate law...

Simply put, the program allows people to access low-interest loans for clean-energy projects that they might not otherwise have received. Imagine a community group that wants to install electric vehicle charging stations at its neighborhood recreation center but can't get a loan from a bank or a lender. As is often the case, potential lenders say they're hesitant to support a novel green technology or a business without a track record of success. Low-income and minority communities have long encountered such obstacles in trying to attract private capital. The program aims to overcome this problem by providing a huge influx of federal cash — $27 billion in total — for nonprofit organizations to dole out to clean-energy projects nationwide. Each nonprofit will serve as a "green bank" that offers more favorable lending rates than commercial banks. "It's just really hard to get banks to bring capital into low-income communities, especially for these new projects that they're not used to financing," said Adrian Deveny, the founder of the firm Climate Vision and the former director of energy and environmental policy for Senate Majority Leader Charles E. Schumer (D-N.Y.), a key architect of the Inflation Reduction Act....

The EPA is awarding money to eight nonprofits, which have committed to leverage nearly $7 in private capital for every $1 of federal investment. The nonprofits have also pledged to ensure that at least 70 percent of the funds will benefit disadvantaged communities, and that the financed projects will reduce up to 40 million metric tons of carbon dioxide a year — equivalent to the annual emissions of nearly 9 million gasoline-powered cars... [The nonprofit] Coalition for Green Capital, will use a $5 billion award to establish a "national green bank," co-founder and CEO Reed Hundt said. "We're going to be able to cause about $100 billion of total additional investment over a seven-year time period with that number, because we can leverage it," Hundt said.

Longtime Slashdot reader DrunkenTerror shares a report from AnandTech: SK hynix this week announced plans to build its advanced memory packaging facility in West Lafayette, Indiana. The move can be considered as a milestone both for the memory maker and the U.S., as this is the first advanced memory packaging facility in the country and the company's first significant manufacturing operation in America. The facility will be used to build next-generation types of high-bandwidth memory (HBM) stacks when it begins operations in 2028. Also, SK hynix agreed to work on R&D projects with Purdue University.

The facility will handle assembly of HBM known good stacked dies (KGSDs), which consist of multiple memory devices stacked on a base die. Furthermore, it will be used to develop next-generations of HBM and will therefore house a packaging R&D line. However, the plant will not make DRAM dies themselves, and will likely source them from SK hynix's fabs in South Korea. The plant will require SK hynix to invest $3.87 billion, which will make it one of the most advanced semiconductor packaging facilities in the world. Meanwhile, SK hynix held the investment agreement ceremony with representatives from Indiana State, Purdue University, and the U.S. government, which indicates parties financially involved in the project, but this week's event did not disclose whether SK hynix will receive any money from the U.S. government under the CHIPS Act or other funding initiatives.

Apple is laying off more than 700 employees across the company, including its Micro-LED displays division and the recently shut down Apple Car project. 9to5Mac reports: As seen by 9to5Mac in the latest WARN report provided by the California Employment Development Department, the layoffs affect projects that have been in the news recently. For instance, Apple is laying off 58 employees from one of its offices in Santa Clara. This particular office belonged to LuxVue Technology, a company specializing in Micro-LED displays that Apple acquired in 2014. In recent months, we've heard rumors about Apple canceling its plans to design and produce its own Micro-LED displays for the Apple Watch. Bloomberg recently reported that Apple gave up on the project because the screens "were difficult to produce in sufficient quantities."

There are also more than 120 layoff notices filed by Apple in San Diego, which aligns with a January report about the company having recently closed a Siri data operations office located there. The office was responsible for evaluating Siri's responses to users and for helping the company improve the platform's accuracy. At the time, Apple offered to relocate all affected employees to offices in Austin, Texas, if they agreed. Unsurprisingly, the shutdown of the Apple Car project (internally known as Titan) also resulted in layoffs. Some of the offices listed by the records were used by Apple to develop and test its electric car. The company had been actively working on building a vehicle since 2014, but the challenges surrounding it made Apple give up on the project earlier this year. The report notes that some of the engineers working on the Apple Car have been offered positions elsewhere at Apple. "However, not everyone has the chance to be reassigned since there were more than 2,000 people working on this specific project."

The latest rumor is that Apple is exploring the development of personal home robots.

An anonymous reader shares a report: Best Buy is conducting mass layoffs of Geek Squad employees this week, according to former employees who lost their jobs. Workers told 404 Media they were told by the company to stay at home Tuesday and to wait for a call from their bosses about whether they had been let go. Best Buy did not respond to a request for comment, so we don't know how many people lost their jobs. But a laid-off worker we talked to said "it's definitely company wide and bigger than the cuts last summer."

[...] The r/GeekSquad subreddit, an unofficial community for Geek Squad workers, is full of posts about the layoffs, with many users posting photos of their Geek Squad badges and noting that they are agents "going sleeper," a Sleeper Cell reference meaning they've been laid off.

An anonymous reader shares a report: Streaming was supposed to kill physical media, and has come very close. The DVD and Blu-ray market fell from $4.7bn in revenue in 2017 to barely $1.5bn in 2022. In September, Netflix ended its movie-by-mail service. Best Buy has removed physical media from its brick-and-mortar stores, and Target and Walmart may follow. Some new films may never be released physically at all. Yet a counterrevolution has been gathering. Some film fans never gave up physical media: they've spent years quietly buying thrift-store discs, discarded by the many US households that no longer have DVD or Blu-ray players, and waiting for their chance to rise again. Other fans, frustrated by streaming's limitations, have recently rediscovered physical media and trickled to join its rear-guard army.

Physical media will never regain its heights, but it may live to fight a little longer -- supported by loyalists and by a cottage industry of independent and boutique film distributors that license classic and cult films and sell high-quality physical editions to eager, sometimes frantic, fans. Some of these labels offer streaming channels or video-on-demand as well, but still find business in Blu-rays. "We've grown rather than shrunk," Umbrella Entertainment, a distributor in Australia, told me.

And when Universal released Oppenheimer on 4K Blu-ray this fall, the initial run sold out, with feverish Christopher Nolan fans pillaging the same megastores that are moving to drop physical media. 4K Blu-rays are currently the smallest slice of the film disc market, and require ultra-high-definition players and TVs, meaning that the Oppenheimer run was driven by a niche within a niche. But the episode seemed to indicate that a market exists -- especially when it has champions. Nolan himself had encouraged fans to rally to physical media: "If you buy a 4K UHD, you buy a Blu-ray, it's on your shelf, it's yours," he told IGN last year. "[Y]ou own it. That's never really the case with any form of digital distribution."

AI will lead to many companies employing fewer people in the next five years, staffing provider Adecco Group said on Friday, in a new survey highlighting the upheaval AI will bring to the workplace. From a report: Some 41% of senior executives expect to have smaller workforces because of AI technology, Adecco said in a report based on a survey of executives at 2,000 large companies worldwide. Generative AI, which can create text, photos and videos in response to open-ended prompts, has spurred both hope it could eliminate repetitive tasks and fear it will make some jobs obsolete. [...] The Adecco survey is one of the largest into the AI topic, and follows a 2023 World Economic Forum study which said 25% of companies expected AI to trigger job losses, while 50% expected the technology to create new roles.

Many investors are lining up to bet on the collapse of former President Donald J. Trump's social media company, Trump Media & Technology Group Corp., which made its stock market debut last week under the ticker "DJT." The stock has been called the "mother of all meme stocks" since it is highly volatile and there are no fundamental underpinnings. It's being valued at roughly 1,600 times its annual revenue, at Wednesday's closing price. "By comparison, the stock of Facebook's owner trades at about eight times revenues, and Google's owner trades at six times," notes Fast Company. The New York Times reports: Trump Media is the most "shorted" special purpose acquisition vehicle in the country, according to the financial data company S3 Partners. Short-sellers bet that the price of a stock will fall. They do that by borrowing shares of a company and selling them into the market, hoping to buy them back later at a lower price, before returning the shares to the lender and pocketing the difference as profit. The demand to short Trump Media, the parent company of the social media platform Truth Social, is so great that stock lenders can charge enormous fees, making it hard for short-sellers to turn a profit unless the shares fall significantly. Still, there is a lot of interest in taking the bet. "They are looking for this stock to crater and crater very quickly," said Ihor Dusaniwsky, managing director of predictive analytics at S3. Last month, traders lost $126 million betting against Trump Media, according to S3.

On Monday, Trump Media published updated financial information, revealing little revenue, large losses and a statement from the company's independent auditor expressing "substantial doubt" about its financial viability. This appeared to galvanize investors betting against the company, as the stock slipped from its highs. But short-sellers are finding it difficult and costly to trade in Trump Media. There are roughly 137 million shares in the company, and only around five million of those are available to short-sellers. Mr. Trump owns about 60 percent of shares, and company executives also hold a chunk of the stock. Company insiders tend not to lend their shares to short-sellers. Big asset managers like BlackRock, Vanguard and State Street, which regularly lend out shares, are not major holders of Trump Media, further crimping the supply.

According to S3, 4.9 million of the roughly five million available shares are already on loan. As with any loan, when share owners lend their stock to a short-seller, they charge a fee, usually expressed as an annual interest rate on the stock's current value. Typically, the fee for borrowing stock is a fraction of a percentage point. For Trump Media, it has risen to 550 percent, Mr. Dusaniwsky said. Trump Media's stock currently trades at around $50. That means that shorting it for a month would cost more than $20 per share. For a short-seller to break even, the stock price would have to fall by almost half by early May.

There is another wrinkle, too. One large broker said much of the short trading was not an outright bet against Trump Media. Since the advent of meme-stock trading and the vilification of short-sellers that win only if popular companies lose, large investors are wary of making such trades. Instead, the current trade driving demand is designed to capture the difference between DJT's stock price and outstanding "warrants," which will give the owners the right to new stock at a fixed price as long as regulators approve the new shares. Partly because of that uncertainty, those warrants currently trade below $19, with a list of hedge funds as recent holders. Even after the high cost to borrow stock is accounted for, they are still able to profit from the $30 difference between existing stock and what the warrants are worth, assuming the warrants become registered as shares.

Disney said Thursday it planned to crack down on password sharing [non-paywalled link] for its streaming services starting with a few countries in June before implementing a wider rollout in September. From a report: Disney Chief Executive Bob Iger unveiled the timeline to limit password sharing in a CNBC interview Thursday morning, a day after the company defeated activist Nelson Peltz in a bruising proxy fight. Iger didn't say which countries would be first.

The company for months has said a crackdown was coming as it looks to cut costs and make Disney+ and Hulu profitable. Since Iger returned as CEO in 2022, the company has trimmed its streaming losses. Iger said the company is on track to have a profitable streaming business by the fourth quarter this year. "That's a huge, huge improvement," he said on CNBC. "Now what we have to do is turn it not just into a profitable business, into a growth business."

An anonymous reader shares a report: Amazon has built one of the world's most efficient delivery systems. Yet people regularly ship junk back to sellers and claim they are returns, often with little to no penalty, merchants say. Amazon has long believed in a system based on pleasing customers above all, including easy returns, but that ethos has hurt the merchants who make up most of its online sales.

Return theft represents one sore point in what has become an often contentious relationship between Amazon and its independent sellers. The Federal Trade Commission's continuing lawsuit against the retail giant deals in part with how the company treats its sellers. Amazon is also facing new competition for its merchants from other e-commerce firms.

The National Retail Federation says return fraud has become a "major issue for our industry." About 13.7% of returns in 2023 were fraudulent, accounting for $101 billion in overall losses for retailers, the federation said. As more consumers have adopted online shopping, return theft has become prevalent and Amazon hasn't done enough to stop it, sellers said.

An anonymous reader quotes a report from the Financial Times: Google is considering charging for new "premium" features powered by generative artificial intelligence, in what would be the biggest ever shake-up of its search business. The proposed revamp to its cash cow search engine would mark the first time the company has put any of its core product behind a paywall, and shows it is still grappling with a technology that threatens its advertising business, almost a year and a half after the debut of ChatGPT. Google is looking at options including adding certain AI-powered search features to its premium subscription services, which already offer access to its new Gemini AI assistant in Gmail and Docs, according to three people with knowledge of its plans. Engineers are developing the technology needed to deploy the service but executives have not yet made a final decision on whether or when to launch it, one of the people said. Google's traditional search engine would remain free of charge, while ads would continue to appear alongside search results even for subscribers. But charging would represent the first time that Google -- which for many years offered free consumer services funded entirely by advertising -- has made people pay for enhancements to its core search product. "For years, we've been reinventing Search to help people access information in the way that's most natural to them," said Google. "With our generative AI experiments in Search, we've already served billions of queries, and we're seeing positive Search query growth in all of our major markets. We're continuing to rapidly improve the product to serve new user needs."

It added: "We don't have anything to announce right now."