Families earning $300,000 annually -- placing them among America's highest earners -- are increasingly finding themselves unable to afford elite college tuition without taking on substantial debt. Bloomberg's analysis of financial aid data from 50 selective colleges reveals households earning between $100,000 and $300,000 occupy a precarious middle ground: ...

Intel is grappling with an unexpected market shift as customers eschew its new AI-focused processors for cheaper previous-generation chips. The company revealed during its recent earnings call that demand for older Raptor Lake processors has surged while its newer, more expensive Lunar Lake and Meteor Lake AI PC chips struggle to gain traction. This ...

The head of the Swiss National Bank said on Friday that cryptocurrencies failed to meet the institution's currency reserve standards, rebuffing calls by crypto advocates that it hold bitcoin as a hedge against growing global economic risks. From a report: Cryptocurrency campaigners are ramping up pressure on the SNB to buy bitcoin, arguing that the economic ...

An anonymous reader shares a Nature story: The United States is known for the deep polarization between its two major political parties -- the right-wing Republicans and left-wing Democrats. Now an analysis of hundreds of thousands of policy documents reveals striking differences in partisan policymakers' use of the scientific literature, with ...

Microsoft will remove its Maps app from the Microsoft Store in July 2025, delivering an "update" that renders the application completely nonfunctional. Following the cutoff, users won't be able to reinstall the app even if previously downloaded, according to a Microsoft support document. While the app will retain personal data like saved navigation routes ...

An anonymous reader shares a report: At Microsoft's annual executive huddle last month, the company's chief financial officer, Amy Hood, put up a slide that charted the number of users for its Copilot consumer AI tool over the past year. It was essentially a flat line, showing around 20 million weekly users. On the same slide was another line showing ...

The iconic "You Wouldn't Steal a Car" anti-piracy campaign, which dramatically equated digital piracy with physical theft, appears to have used a pirated font in its own materials. New evidence indicates the campaign utilized "XBAND Rough," a free clone of the commercial "FF Confidential" font, which requires a license. TorrentFreak independently ...

Pete Koomen, a Y Combinator partner, argues that current AI applications often fail by unnecessarily constraining their underlying models, much like early automobiles that mimicked horse-drawn carriages rather than reimagining transportation. In his detailed critique, Koomen uses Gmail's AI email draft feature as a prime example. The tool generates formal, ...

The Federal Reserve Board and the Federal Deposit Insurance Corp. have withdrawn several statements regarding banks' crypto-related activities in an effort to support innovation and clarify current policies. From a report: Two joint statements from 2023 on liquidity and other risks regarding banks' crypto-related activities were pulled on Thursday, the FDIC ...

Legacy search brand Yahoo has been working on its own web browser prototype, and says it would like to buy Google's Chrome if the company is forced by a court to sell it. From a report: The information came out during the fourth day of the Justice Department's remedies trial to rectify Google's search monopoly. The DOJ has -- among other proposals -- ...

An anonymous reader quotes a report from TechCrunch: Perplexity CEO Aravind Srinivas said this week on the TBPN podcast that one reason Perplexity is building its own browser is to collect data on everything users do outside of its own app. This so it can sell premium ads. "That's kind of one of the other reasons we wanted to build a browser, is we want to ...

New Intel CEO Lip-Bu Tan has mandated that employees return to the office four days a week starting September 1 to boost collaboration and decision-making. Tan also signaled upcoming job cuts and organizational changes, including a flatter management structure and fewer meetings. "When we spend time together in person, it fosters more engaging and ...

The Sydney-based CADA station secretly used an AI-generated host named "Thy" for its weekday shows over six months without disclosure. The Sydney Morning Herald reports: After initial questioning from Stephanie Coombes in The Carpet newsletter, it was revealed that the station used ElevenLabs -- a generative AI audio platform that transforms text into ...

Waymo is now providing over 250,000 paid robotaxi rides per week in the U.S., up from 200,000 in February, as it expands into cities like Austin and grows partnerships with Uber and automakers. CNBC reports: "We can't possibly do it all ourselves," said Pichai on a call with analysts for Alphabet's first-quarter earnings. Pichai noted that Waymo has not ...

ZipNada shares a report from ZDNet: Microsoft's latest research identifies a new type of organization known as the Frontier Firm, where on-demand intelligence requirements are managed by hybrid teams of AI agents and humans. The report identified real productivity gains from implementing AI into organizations, with one of the biggest being filling the ...

Microsoft has announced native PyTorch support for Windows on Arm devices with the release of PyTorch 2.7, making it significantly easier for developers to build and run machine learning models directly on Arm-powered Windows machines. This eliminates the need for manual compilation and opens up performance gains for AI tasks like image classification, NLP, ...

An anonymous reader quotes a report from Cybernews: Researchers at Cybernews have uncovered a major privacy breach involving WorkComposer, a workplace surveillance app used by over 200,000 people across countless companies. The app, designed to track productivity by logging activity and snapping regular screenshots of employees' screens, left over 21 ...

AMD has open-sourced its "GPU-IOV Module" for enabling SR-IOV-based virtualization on Instinct accelerators using the Linux kernel and KVM hypervisor, with features like GPU scheduling and VF/PF management. Notably, AMD plans to extend this virtualization support to client Radeon GPUs. Phoronix reports: The AMD GPU-IOV Module is for the Linux kernel and for ...

South Korea's data protection authority said on Thursday that Chinese artificial intelligence startup DeepSeek transferred user information and prompts without permission when the service was still available for download in the country's app market. From a report: The Personal Information Protection Commission said in a statement that Hangzhou DeepSeek ...

An anonymous reader quotes a report from Ars Technica: Russian military personnel are being targeted with recently discovered Android malware that steals their contacts and tracks their location. The malware is hidden inside a modified app for Alpine Quest mapping software, which is used by, among others, hunters, athletes, and Russian personnel stationed ...

India's capital New Delhi plans to limit gasoline and diesel-powered cars a family can buy as well as ban sales of fuel-guzzling motorbikes and scooters, according to a draft policy aimed at cleaning up one of the world's most polluted cities. From a report: The measures represent one of the most drastic steps the city has lined up to tackle pollution, ...

An anonymous reader shares a report: Apple will remove its secret robotics unit from the command of its artificial intelligence chief, the latest shake-up in response to the company's AI struggles. Apple plans to relocate the robotics team from John Giannandrea's AI organization to the hardware division later this month, according to people with knowledge ...

Grand Theft Auto V topped Twitch viewership charts in 2024 with a staggering 1.4 billion hours watched, according to data released by the streaming platform. The 11-year-old game outperformed all competitors, including League of Legends, which also surpassed the billion-hour mark. Competitive shooters filled the remaining top spots, with Valorant ...

Google's search AI is confidently generating explanations for nonexistent idioms, once again revealing fundamental flaws in large language models. Users discovered that entering any made-up phrase plus "meaning" triggers AI Overviews that present fabricated etymologies with unwarranted authority. When queried about phrases like "a loose dog won't surf," ...

US government agencies and Fortune 500 companies are turning to AI to modernize mission-critical systems built on COBOL, a programming language dating back to the late 1950s. The US Social Security Administration plans a three-year, $1 billion AI-assisted upgrade of its legacy COBOL codebase [alternative source], according to Bloomberg. Treasury Secretary ...