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[>] OpenAI Says Its Business Will Burn $115 Billion Through 2029
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2025-09-08 19:22:01


An anonymous reader shares a report: OpenAI recently had both good news and bad news for shareholders. Revenue growth from ChatGPT is accelerating at a more rapid rate than the company projected half a year ago. The bad news? The computing costs to develop artificial intelligence that powers the chatbot, and other data center-related expenses, will rise even faster.

As a result, OpenAI projected its cash burn this year through 2029 will rise even higher than previously thought, to a total of $115 billion. That's about $80 billion higher than the company previously expected. The unprecedented projected cash burn, which would add to the roughly $2 billion it burned in the past two years, helps explain why the company is raising more capital than any private company in history.

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[>] Texas Sued Over Its Lab-Grown Meat Ban
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2025-09-08 20:22:01


An anonymous reader shares a report: Two cultivated meat companies have filed a lawsuit against officials in Texas over the law that bans the sales of lab-grown meat in the state for two years. California-based companies UPSIDE Foods, which makes cultivated chicken, and Wildtype, which makes cultivated salmon are suing Attorney General Ken Paxton, Texas Department of State Health Services, Texas Health and Human Services, and Travis County, accusing them of government overreach.

"This law has nothing to do with protecting public health and safety and everything to do with protecting conventional agriculture from innovative out-of-state competition," said Paul Sherman, a senior attorney at the Institute for Justice, a nonprofit law firm that is representing UPSIDE Foods and Wildtype. "That is not a legitimate use of government power." In June, lawmakers passed Senate Bill 261, which bans the sale of lab-grown meat in Texas for two years. Lab-grown meat, also known as cell cultivated meat or cultured meat, is made from taking animal cells and growing them in an incubator or bioreactor until they form an edible product.

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[>] Mathematicians Find GPT-5 Makes Critical Errors in Original Proof Generation
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2025-09-08 20:22:01


University of Luxembourg mathematicians tested whether GPT-5 could extend a qualitative fourth-moment theorem to include explicit convergence rates, a previously unaddressed problem in the Malliavin-Stein framework. The September 2025 experiment, prompted by claims GPT-5 solved a convex optimization problem, revealed the AI made critical errors requiring constant human correction.

GPT-5 overlooked an essential covariance property easily deducible from provided documents. The researchers compared the experience to working with a junior assistant needing careful verification. They warned AI reliance during doctoral training risks students losing opportunities to develop fundamental mathematical skills through mistakes and exploration.

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[>] Whistle-Blower Sues Meta Over Claims of WhatsApp Security Flaws
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2025-09-08 21:22:02


The former head of security for WhatsApp filed a lawsuit on Monday accusing Meta of ignoring major security and privacy flaws that put billions of the messaging app's users at risk, the latest in a string of whistle-blower allegations against the social media giant. The New York Times: In the lawsuit filed in the U.S. District Court of the District of Northern California, Attaullah Baig claimed that thousands of WhatsApp and Meta employees could gain access to sensitive user data including profile pictures, location, group memberships and contact lists. Meta, which owns WhatsApp, also failed to adequately address the hacking of more than 100,000 accounts each day and rejected his proposals for security fixes, according to the lawsuit.

Mr. Baig tried to warn Meta's top leaders, including its chief executive, Mark Zuckerberg, that users were being harmed by the security weaknesses, according to the lawsuit. In response, his managers retaliated and fired him in February, he claims. Mr. Baig, who is represented by the whistle-blower organization Psst.org and the law firm Schonbrun, Seplow, Harris, Hoffman & Zeldes, argued in the suit that the actions violated a privacy settlement Meta reached with the Federal Trade Commission in 2019, as well as securities laws that require companies to disclose risks to shareholders.

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[>] US Man Still Alive Six Months After Pig Kidney Transplant
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2025-09-08 22:22:01


A 67-year-old US man is still alive more than six months after receiving a kidney from a genetically modified pig. This is the longest a pig organ has survived in a living person. From a report: Researchers say the outcome is a landmark case of successful xenotransplantation -- the process of transplanting organs from animals to humans. The recipient, Tim Andrews, had end-stage kidney disease and had been receiving dialysis for more than two years before he underwent the surgery in January. He has been dialysis-free since receiving the kidney. Andrews was one of three patients to receive genetically modified pig kidneys supplied by the biotechnology company eGenesis in Cambridge, Massachusetts, on compassionate grounds.

Reaching six months' survival is an amazing feat, says Wayne Hawthorne, a transplant surgeon at the University of Sydney in Australia. The first six months is the period of "highest risk for the patient and also the transplant," he adds. Possible complications include anaemia and graft rejection, when the immune system attacks the new organ. "The six-month time point marks that things have gone extremely well," Hawthorne says. Reaching 12 months would be another milestone and a "fantastic long-term outcome," he adds. Previously, the recipient with longest-surviving genetically modified pig organ was a 53-year-old US woman, Towana Looney, who had a functioning pig kidney for four months and nine days. However, the organ was removed earlier this year because her immune system began to reject it.

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[>] Google Tells Court 'Open Web is Already in Rapid Decline' After Execs Claimed It Was Thriving
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2025-09-08 22:22:01


Google has stated in a court filing that "the open web is already in rapid decline," contradicting recent public statements from executives including its CEO Sundar Pichai and Search VP Nick Fox, who maintained in May that web publishing and the web were thriving.

The admission appeared in Google's response to a divestiture proposal, arguing that breaking up the company would accelerate the decline and harm publishers dependent on open-web display advertising revenue. Google's VP of Global Ads Dan Taylor has since clarified the company was referring specifically to open-web display advertising, not the entire open web.

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[>] Signal Rolls Out Encrypted Cloud Backups, Debuts First Subscription Plan at $1.99/Month
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2025-09-08 23:22:02


Signal has begun rolling out end-to-end encrypted cloud backups in its latest Android beta release. The opt-in feature allows users to restore message history if their phone is lost or damaged. Free backups include all text messages and 45 days of media attachments. A $1.99 monthly subscription extends media storage to 100GB.

Users generate a 64-character recovery key on their device that Signal's servers never access. Backups refresh daily, excluding view-once messages and those set to disappear within 24 hours. The nonprofit cited storage costs as the reason for its first paid tier. iOS and Desktop support will follow the Android rollout. Signal said it stores backup archives without linking them to specific user accounts or payment information.

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[>] Hackers Hijack npm Packages With 2 Billion Weekly Downloads in Supply Chain Attack
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2025-09-09 00:22:01


An anonymous reader shares a report: In what is being called the largest supply chain attack in history, attackers have injected malware into NPM packages with over 2.6 billion weekly downloads after compromising a maintainer's account in a phishing attack.

The package maintainer whose accounts were hijacked in this supply-chain attack confirmed the incident earlier today, stating that he was aware of the compromise and adding that the phishing email came from support [at] npmjs [dot] help, a domain that hosts a website impersonating the legitimate npmjs.com domain.

In the emails, the attackers threatened that the targeted maintainers' accounts would be locked on September 10th, 2025, as a scare tactic to get them to click on the link redirecting them to the phishing sites.

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[>] All IT Work To Involve AI By 2030, Says Gartner
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2025-09-09 01:22:01


An anonymous reader quotes a report from The Register: All work in IT departments will be done with the help of AI by 2030, according to analyst firm Gartner, which thinks massive job losses won't result. Speaking during the keynote address of the firm's Symposium event in Australia today, VP analyst Alicia Mullery said 81 percent of work is currently done by humans acting alone without AI assistance. Five years from now Gartner believes 75 percent of IT work will be human activity augmented by AI, with the remainder performed by bots alone.

Distinguished VP analyst Daryl Plummer said this shift will mean IT departments gain labor capacity and will need to show they deserve to keep it. "You never want to look like you have too many people," he advised, before suggesting technology leaders consult with peers elsewhere in a business to identify value-adding opportunities IT departments can execute. Plummer said Gartner doesn't foresee an "AI jobs bloodbath" in IT or other industries for at least five years, adding that just one percent of job losses today are attributable to AI. He and Mullery did predict a reduction in entry-level jobs, as AI lets senior staff tackle work they would once have assigned to juniors.

The two analysts also forecast that businesses will struggle to implement AI effectively, because the costs of running AI workloads balloon. ERP, Plummer said, has straightforward up-front costs: You pay to license and implement it, then to train people so they can use it. AI needs that same initial investment but few organizations can keep up with AI vendors' pace of innovation. Adopting AI therefore creates a requirement for near-constant exploration of use cases and subsequent retraining. Plummer said orgs that adopt AI should expect to uncover 10 unanticipated ancillary costs, among them the need to acquire new datasets, and the costs of managing multiple models. The need to use one AI model to check the output of others -- a necessary step to verify accuracy -- is another cost to consider. AI's hidden costs mean Gartner believes 65 percent of CIOs aren't breaking even on AI investments.

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[>] Jaguar Land Rover Extends Shutdown After Cyber Attack
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2025-09-09 01:22:01


Jaguar Land Rover has extended the shutdown of its UK and overseas factories after a cyberattack forced it to take IT systems offline, disrupting production, dealerships, and suppliers. The BBC reports: Jaguar Land Rover's (JLR) UK factories are now expected to remain closed until at least Wednesday after work was disrupted by a cyber attack just over a week ago. The car plants at Halewood and Solihull and its Wolverhampton engine facility, along with production facilities in Slovakia, China and India, have been unable to operate since the company fell victim to the cyber attack. Staff who work on the production lines have been told to remain at home. JLR shut down its IT systems in response to the attack on 31 August, in order to protect them from damage. However, this caused major disruption. [...]

Under normal circumstances, the company builds about 1,000 cars a day. The production stoppage has had a significant impact on the company's suppliers, with some understood to have told their own staff not to come into work. As well as forcing the factories to stop building cars, it also left dealerships unable to register new cars and garages that maintain JLR vehicles unable to order the parts they needed -- although it is understood workarounds have since been put in place. The attack began at what is traditionally a popular time for consumers to take delivery of new vehicles. The latest batch of new registration plates became available on Monday, September 1.

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[>] Nova Launcher's Founder and Sole Developer Has Left
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2025-09-09 02:22:01


Kevin Barry, founder and sole developer of Nova Launcher, has left parent company Branch Metrics after being told to stop work on both the launcher and an open-source release. While the app remains on Google Play, the launcher's website currently shows a 404 error. The Verge reports: Mobile analytics company Branch Metrics acquired Nova in 2022. The company's CEO at the time, co-founder Alex Austin, said on Reddit that if Barry were to leave Branch, "it's contracted that the code will be open-sourced and put in the hands of the community." Austin left Branch in 2023, and now with Barry officially gone from the company, too, it's unclear if the launcher will now actually be open-sourced.

"I think the newer leadership since Alex Austin left has put a different focus on the company and Nova simply isn't part of that focus in any way at all," Cliff Wade, Nova's former customer relations lead who left as part of the 2024 layoffs, tells The Verge. "It's just some app that they own but no longer feel they need or want." Wade also said that "I don't believe Branch will do the right thing any time soon with regards to open-sourcing Nova. I think they simply just don't care and don't want to invest time, unless of course, they get enough pressure from the community and individuals who care."

Users have started a change.org petition to ask for the project to be open-sourced, and Wade says it's a "great start" to apply that pressure. Wade said he hasn't personally seen Barry's contract, so couldn't corroborate the claim of a contractual obligation to open-source Nova. Still, he said that the community "deserves" for the launcher to be open-sourced. "Branch just simply needs to do the right thing here and honor what they as a company have stated as well as what then CEO Alex Austin has stated numerous times prior to him leaving Branch."

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[>] All 54 Lost Clickwheel IPod Games Have Been Preserved For Posterity
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2025-09-09 03:22:02


An anonymous reader quotes a report from Ars Technica: Last year, we reported on the efforts of classic iPod fans to preserve playable copies of the downloadable clickwheel games that Apple sold for a brief period in the late '00s. The community was working to get around Apple's onerous FairPlay DRM by having people who still owned original copies of those (now unavailable) games sync their accounts to a single iTunes installation via a coordinated Virtual Machine. That "master library" would then be able to provide playable copies of those games to any number of iPods in perpetuity.

At the time, the community was still searching for iPod owners with syncable copies of the last few titles needed for their library. With today's addition of Real Soccer 2009 to the project, though, all 54 official iPod clickwheel games are now available together in an easily accessible format for what is likely the first time.

[...] Now that the consolidated clickwheel game collection is complete, though, owners of any iPod 5G+ or iPod Nano 3G+ should be able to sync the complete library to their personal device completely offline, without worrying about any server checks from Apple. They can do that by setting up a Virtual Machine using these GitHub instructions or by downloading this torrented Internet Archive collection and creating their own Virtual Machine from the files contained therein. The effort was made possible by GitHub user Olsro, with help from other iPod enthusiasts. To Olsro, completing the project "means this whole part from the early 2000s will remain with us forever."

He also expressed hope that "this Virtual Machine can also be useful towards any security [or] archeologist researcher who want to understand how the DRM worked."

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[>] Plex Suffers Security Incident Exposing User Data and Urging Password Resets
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2025-09-09 03:22:02


BrianFagioli shares a report from NERDS.xyz: Plex has alerted its customers about a security incident that may have affected user accounts. In an email sent to subscribers, the popular media server company confirmed that an unauthorized third party gained access to one of its databases. The breach exposed emails, usernames, and hashed passwords. Plex emphasized that passwords were encrypted following best practices, so attackers cannot simply read them. The company also reassured users that no credit card data was compromised, since Plex does not store that information on its servers. Still, out of caution, it is requiring all account holders to reset their credentials.

Users are being directed to reset their passwords at plex.tv/reset. During the process, Plex recommends enabling the option to sign out all connected devices. This measure logs out every device associated with the account, including Plex Media Servers, forcing a fresh login with the updated password. The company says it has already fixed the method used by the intruder to gain entry and is conducting additional security reviews. Plex is also urging subscribers to enable two-factor authentication if they have not already done so.

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[>] William Shatner Says He 'Didn't Earn a Penny' From Star Trek Re-Runs
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2025-09-09 04:22:01


In a new interview with The Telegraph (paywalled), William Shatner revealed he has never earned residuals from reruns of the original Star Trek series, since syndication royalties weren't in place until after the show ended in 1969. "Nobody knew about reruns," said Shatner. "The concept of syndication only came in after 'Star Trek' was canceled when someone from the unions said: 'Wait a minute, you're replaying all those films, those shows.' There was a big strike. But in the end, the unions secured residual fees shortly after 'Star Trek' finished, so I didn't benefit."

The now 94-year-old actor said he's actually only seen a "few" episodes of his work and has "never seen" any of the spinoffs. "I'm gonna tell you something that nobody knows. I've never seen another 'Star Trek' and I've seen as few 'Star Treks' of the show I was on, I've seen as few as possible," he told Entertainment Tonight. "I don't like to look at myself, and I've never seen any other. I love it, I think it's great. I just don't, you know, I don't watch television, per se."

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[>] Disposable Face Masks Used During Covid Have Left Chemical Timebomb
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2025-09-09 05:22:01


alternative_right shares a report from The Guardian: It has been estimated that during the height of the coronavirus pandemic 129bn disposable face masks, mostly made from polypropylene and other plastics, were being used every month around the world. With no recycling stream, most ended up either in landfill or littered in streets, parks, beaches, waterways and rural areas, where they have now begun to degrade. Recent research has reported a significant presence of disposable face masks in both terrestrial and aquatic environments.
They left newly bought masks of several different kinds for 24 hours in flasks containing 150ml of purified water, then filtered the liquid through a membrane to see what came out. Every mask examined ... leached microplastics, but it was the FFP2 and FFP3 masks -- marketed as the gold-standard protection against the transmission of the virus -- that leached the most, releasing four to six times as many. And they made an even more worrying discovery.

Subsequent chemical analysis of the leachate found medical masks also released bisphenol B, an endocrine-disrupting chemical that acts like oestrogen when absorbed into the bodies of humans and animals. Taking into account the total amount of single-use face masks produced during the height of the pandemic, the researchers estimated they led to the release of 128-214kg of bisphenol B into the environment. The findings have been published in the journal Environmental Pollution.

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[>] Warming Seas Threaten Key Phytoplankton Species That Fuels the Food Web
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2025-09-09 08:22:01


An anonymous reader quotes a report from the Associated Press: For decades, scientists believed Prochlorococcus, the smallest and most abundant phytoplankton on Earth, would thrive in a warmer world. But new research suggests the microscopic bacterium, which forms the foundation of the marine food web and helps regulate the planet's climate, will decline sharply as seas heat up. A study published Monday in the journal Nature Microbiology found Prochlorococcus populations could shrink by as much as half in tropical oceans over the next 75 years if surface waters exceed about 82 degrees Fahrenheit (27.8 Celsius). Many tropical and subtropical sea surface temperatures are already trending above average and are projected to regularly surpass 86 degrees Fahrenheit (30 Celsius) over that same period.

"These are keystone species -- very important ones," said Francois Ribalet, a research associate professor at the University of Washington's School of Oceanography and the study's lead author. "And when a keystone species decreases in abundance, it always has consequences on ecology and biodiversity. The food web is going to change." Prochlorococcus inhabit up to 75% of Earth's sunlit surface waters and produce about one-fifth of the planet's oxygen through photosynthesis. More crucially, Ribalet said, they convert sunlight and carbon dioxide into food at the base of the marine ecosystem. "In the tropical ocean, nearly half of the food is produced by Prochlorococcus," he said. "Hundreds of species rely on these guys."

Though other forms of phytoplankton may move in and help compensate for the loss of oxygen and food, Ribalet cautioned they are not perfect substitutes. "Evolution has made this very specific interaction," he said. "Obviously, this is going to have an impact on this very unique system that has been established." The findings challenge decades of assumptions that Prochlorococcus would thrive as waters warmed. Those predictions, however, were based on limited data from lab cultures. For this study, Ribalet and his team tested water samples while traversing the Pacific over the course of a decade.

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[>] Gemini App Finally Expands To Audio Files
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2025-09-09 11:22:01


Google rolled out three big Gemini updates: the app now supports audio uploads (with tiered limits for free vs. paid users), Search gains AI Mode in five new languages, and NotebookLM expands to generate reports, study guides, quizzes, and other formats in over 80 languages. The Verge reports: According to a Monday post on X by Josh Woodward, vice president of Google Labs and Gemini, audio file compatibility was the "#1 request" to the Gemini app. Free Gemini users max out at 10 minutes of audio, and five free prompts each day. AI Pro or AI Ultra users, meanwhile, can upload audio up to three hours in length. All Gemini prompts accommodate up to 10 files across various file formats, including within ZIP files.

Additionally, Google Search's AI Mode has rolled out five new language options: Hindi, Indonesian, Japanese, Korean, and Brazilian Portuguese, thanks to the integration of Gemini 2.5 with Search, according to a company blog: "With this expansion, more people can now use AI Mode to ask complex questions in their preferred language, while exploring the web more deeply." The Gemini-powered NotebookLM software is also getting an update in the form of new report styles in over 80 languages based on a user's uploaded documents, files, and other media.

[ Read more of this story ]( https://tech.slashdot.org/story/25/09/09/0030209/gemini-app-finally-expands-to-audio-files?utm_source=atom1.0moreanon&utm_medium=feed ) at Slashdot.

[>] Red Hat Back-Office Team Moving To IBM From 2026
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2025-09-09 14:22:02


Starting in 2026, Red Hat's back-office staff in HR, finance, legal, and accounting will be transferred to IBM, while engineering, product, sales, and marketing teams remain at Red Hat -- at least for now. The Register reports: According to a communication sent to employees, those in General & Administrative areas will join IBM, including the lion's share of the people working in the HR, finance, accounting, and legal units at Red Hat. A source told us the switch will be "implemented this year," although in some countries "it might take longer due to legal constraints." The leadership running those teams will remain within the Red Hat fold. Some are nervous about the move, with tech companies -- notably IBM -- eliminating duplicated roles to consolidate back-office functions. In January -- as has happened in recent years -- IBM again forecast annual savings of $3.5 billion, partly through job cuts.

There is no public data on the size of the G&A population within Red Hat but the total workforce is understood to be about 19,000 worldwide, with the bulk of those employed in the engineering, sales, and support divisions. The team remaining at Red Hat will be part of the central Strategy & Operations group managed by Mike Ferris. As such, engineering, product, sales, and marketing personnel will be unaffected. For now at least. "Culture has been dead for at least 1 year now," said Reddit user Purple_Afternoon 966. "The experience might be different depending on the department, but there is nothing left from the open culture praised. We have now micromanagement, decision making from middle management that clearly have no idea of what we do and how and trying to implement ideas that they read somewhere, with no context, data and not giving answer or addressing feedback."

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[>] Sam Altman Says Bots Are Making Social Media Feel 'Fake'
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2025-09-09 17:22:01


An anonymous reader quotes a report from TechCrunch: X enthusiast and Reddit shareholder Sam Altman had an epiphany on Monday: Bots have made it impossible to determine whether social media posts are really written by humans, he posted. The realization came while reading (and sharing) some posts from the r/Claudecode subreddit, which were praising OpenAI Codex. OpenAI launched the software programming service that takes on Anthropic's Claude Code in May. Lately, that subreddit has been so filled with posts from self-proclaimed Code users announcing that they moved to Codex that one Reddit user even joked: "Is it possible to switch to codex without posting a topic on Reddit?"

This left Altman wondering how many of those posts were from real humans. "I have had the strangest experience reading this: I assume it's all fake/bots, even though in this case I know codex growth is really strong and the trend here is real," he confessed on X. He then live-analyzed his reasoning. "I think there are a bunch of things going on: real people have picked up quirks of LLM-speak, the Extremely Online crowd drifts together in very correlated ways, the hype cycle has a very 'it's so over/we're so back' extremism, optimization pressure from social platforms on juicing engagement and the related way that creator monetization works, other companies have astroturfed us so i'm extra sensitive to it, and a bunch more (including probably some bots)."

[...] Altman also throws a dig at the incentives when social media sites and creators rely on engagement to make money. Fair enough. But then Altman confesses that one of the reasons he thinks the pro-OpenAI posts in this subreddit might be bots is because OpenAI has also been "astroturfed." That typically involves posts by people or bots paid for by the competitor, or paid by some third-degree contractor, giving the competitor plausible deniability. [...] Altman surmises, "The net effect is somehow AI twitter/AI Reddit feels very fake in a way it really didn't a year or two ago." If that's true, who's fault is it? GPT has led models to become so good at writing, that LLMs have become a plague not just to social media sites (which have always had a bot problem) but to schools, journalism, and the courts.

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[>] Pakistan Spying On Millions Through Phone-Tapping And Firewall, Amnesty Says
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2025-09-09 18:22:01


Pakistan has built surveillance systems that it is actively using to spy on millions of its citizens and to block millions of internet sessions, according to Amnesty International. The Asian nation's Lawful Intercept Management System enables intelligence agencies to tap calls and texts across all four major mobile operators.

A Chinese-built firewall, WMS 2.0, currently blocks approximately 650,000 web links and restricts platforms including YouTube, Facebook, and X. The surveillance infrastructure combines technology from Chinese company Geedge Networks, U.S.-based Niagara Networks, France's Thales DIS, Germany's Utimaco, and UAE-based Datafusion. Balochistan province has experienced years-long internet blackouts under the system.

[ Read more of this story ]( https://tech.slashdot.org/story/25/09/09/113252/pakistan-spying-on-millions-through-phone-tapping-and-firewall-amnesty-says?utm_source=atom1.0moreanon&utm_medium=feed ) at Slashdot.

[>] US Tech Companies Enabled the Surveillance and Detention of Hundreds of Thousands in China
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2025-09-09 19:22:01


An Associated Press investigation based on tens of thousands of leaked documents revealed Tuesday that American technology companies designed and built core components of China's surveillance apparatus over the past 25 years, selling billions of dollars in equipment to Chinese police and government agencies despite warnings about human rights abuses.

IBM partnered with Chinese defense contractor Huadi in 2009 to develop predictive policing systems for the "Golden Shield" project, AP reports, citing classified government blueprints. The technology enabled mass detentions in Xinjiang, where administrators assigned 100-point risk scores to Uyghurs with deductions for growing beards or being aged 15-55. Dell promoted a laptop with "all-race recognition" capabilities on its WeChat account in 2019. Thermo Fisher Scientific marketed DNA kits as "designed" for ethnic minorities including Uyghurs and Tibetans until August 2024.

Oracle, Microsoft, HP, Cisco, Intel, NVIDIA, and VMware sold geographic mapping software, facial recognition systems, and cloud infrastructure to Chinese police through the 2010s. The surveillance network tracks "key persons" whose movements are restricted and monitored, with one estimate suggesting 55,000 to 110,000 people were placed under residential surveillance in the past decade. China now has more surveillance cameras than the rest of the world combined.

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[>] No Alpha Left in Public Markets
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2025-09-09 20:22:01


Apollo Chief Economist Torsten Slok, writing in a blog post There are fewer public companies to invest in, and firms that decide to do an IPO are getting older and older.

In 1999, the median age of IPOs was five years. In 2022, it was eight years, and today, the median age of IPOs has increased to 14 years.

The rise in the age of companies going public is not only a result of the Fed raising interest rates in 2022, but also the consequence of more companies wanting to stay private for longer to avoid the burdens of being public.

Combined with the domination of passive investing, failure of active managers and high correlation in public markets, and high concentration in a few stocks, the reality is that there is no alpha left in public markets.

[ Read more of this story ]( https://slashdot.org/story/25/09/09/1126247/no-alpha-left-in-public-markets?utm_source=atom1.0moreanon&utm_medium=feed ) at Slashdot.

[>] US Created 911,000 Fewer Jobs Than Previously Thought in the 12 Months Through March
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2025-09-09 20:22:01


U.S. jobs growth was much slower than previously reported, according to revised data released on Tuesday. From a report: The number of jobs created in the United States from April 2024 to March 2025 was revised down by 911,000 by the Bureau of Labor Statistics. That would roughly amount to 76,000 fewer jobs created each month of the year up until March. The revision draws fresh attention to the weakening U.S. labor market, which added an average of only 29,000 jobs in each of the three most recent months.

The August jobs report showed that the U.S. added only 22,000 jobs that month and also revised June's job growth down to a loss of 13,000 jobs. Those datapoints have led economists and some policymakers to conclude that the U.S. labor market is now at a standstill. "The jobs engine that has been integral to U.S. economic growth defying expectations for the past four years is stalling," Sarah House, a senior economist at Wells Fargo, said in a note on Friday.

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[>] The Renewed Bid To End Quarterly Earnings Reports
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2025-09-09 21:22:02


Public companies in the U.S. have dutifully shared financial results with investors every three months for the past 50-plus years. A new proposal hopes to change that. WSJ: The Long-Term Stock Exchange plans to petition the Securities and Exchange Commission to eliminate the quarterly earnings report requirement and instead give companies the option to share results twice a year, the group told The Wall Street Journal. It says the idea would save companies millions of dollars and allow executives to focus on long-term goals instead of worrying about hitting quarterly targets or prepping for earnings calls.

"We hear a lot about how it's overly burdensome to be a public company," said Bill Harts, the exchange's chief executive officer. "This is an idea whose time has come." President Trump briefly explored the idea during his first term, and current SEC leadership has signaled an interest in reducing regulation.

LTSE representatives recently discussed their proposal with SEC officials and left the meeting encouraged, people familiar with the matter said. LTSE is a stock-trading venue for companies focused on long-term goals. Its proposal would apply to all U.S. public companies, not just the few listed on its exchange. The group thinks such a move could revive the shrinking number of public companies, which some see as an existential threat for the American economy and investors.

[ Read more of this story ]( https://news.slashdot.org/story/25/09/09/1535229/the-renewed-bid-to-end-quarterly-earnings-reports?utm_source=atom1.0moreanon&utm_medium=feed ) at Slashdot.

[>] Microsoft Forces Workers Back To the Office
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2025-09-09 22:22:01


BrianFagioli writes: Microsoft has decided it is time to rein in remote work. The company will soon require employees to spend at least three days per week in the office, starting with those in the Puget Sound region by February 2026. From there, the policy will spread across the United States and eventually overseas.

[ Read more of this story ]( https://it.slashdot.org/story/25/09/09/177221/microsoft-forces-workers-back-to-the-office?utm_source=atom1.0moreanon&utm_medium=feed ) at Slashdot.

[>] Reuters Withdraws Xi, Putin Longevity Video After China State TV Pulls Legal Permission To Use It
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2025-09-09 22:22:01


An anonymous reader writes: Reuters News on Friday withdrew a four-minute video containing an exchange between Russian President Vladimir Putin and Chinese President Xi Jinping discussing the possibility that humans can live to 150 years old, after China state TV demanded its removal and withdrew the legal permission to use it.

The footage, which included the open mic exchange from the military parade in Beijing marking the 80th anniversary of the end of World War Two, was licensed by the China state television network, China Central Television (CCTV). The clips were edited by Reuters into a four-minute video and distributed to more than 1,000 global media clients including major international news broadcasters and TV stations around the world. Other news agency licensees of CCTV also distributed edits of the footage.

Reuters removed the video from its website and issued a "kill" order to its clients on Friday after receiving a written request from CCTV's lawyer. The letter said the news agency exceeded usage terms of its agreement. The letter further criticized Reuters "editorial treatment applied to this material," but did not specify details.

[ Read more of this story ]( https://news.slashdot.org/story/25/09/09/1811238/reuters-withdraws-xi-putin-longevity-video-after-china-state-tv-pulls-legal-permission-to-use-it?utm_source=atom1.0moreanon&utm_medium=feed ) at Slashdot.

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