Businesses

Jeff Bezos Seeking $100 Billion to Buy Manufacturing Companies, 'Transform' Them With AI (msn.com) 33

Jeff Bezos "is in early talks to raise $100 billion," reports the Wall Street Journal, "for a new fund that would buy up manufacturing companies and seek to use AI technology to accelerate their path to automation."

"The Amazon.com founder is meeting with some of the world's largest asset managers to raise funding for the project." A few months ago, [Bezos] traveled to the Middle East to discuss the new fund with sovereign wealth representatives in the region. More recently, he went to Singapore to raise funding for the effort as well, according to people familiar with the matter. The fund, described in investor documents as a "manufacturing transformation vehicle," is aiming to buy companies in major industrial sectors such as chipmaking, defense and aerospace...

Bezos was recently appointed co-CEO of Project Prometheus, a new startup that is building artificial-intelligence models that can understand and simulate the physical world. Bezos plans to use the company's technology to boost the efficiency and profitability of businesses owned by the fund, a playbook that some investment firms are similarly deploying in sectors such as accounting and property management... [Prometheus has also hired employees from OpenAI and Google DeepMind, the article points out.]

While much of the AI revolution has been focused on large language models, billions of dollars have begun to flow to companies that are seeking to apply spatially focused AI systems toward industries including robotics and manufacturing... Amazon, one of [America's] largest employers, has closed in on the milestone of having as many robots as humans.

AI

OpenAI Plans Launch of Desktop 'Superapp' 18

joshuark shares a report from Neowin: OpenAI is planning to combine its Atlas web browser, ChatGPT app, and Codex coding app into a singular desktop "superapp." CEO of Applications, Fidji Simo, said the company was doubling down on its successful products. By taking this move, the AI company aims to streamline the user experience and reduce fragmentation. Simo said in an internal memo: "We realized we were spreading our efforts across too many apps and stacks, and that we need to simplify our efforts. That fragmentation has been slowing us down and making it harder to hit the quality bar we want."
Education

Oregon School Cell Phone Ban: 'Engaged Students, Joyful Teachers' (portlandtribune.com) 61

An anonymous reader quotes a repot from the Portland Tribune: There was plenty of uncertainty and debate about the effectiveness of a cell phone ban decreed (PDF) by executive order last summer. But at least in Estacada, the policy has earned two thumbs up, including approval from a "grumpy old teacher." Jeff Mellema is a language arts teacher at Estacada High School. He has worked in the building for 24 years, and he said the new policy that prohibits students from using their phones during the day has been a breath of fresh air.

"There is so much better discourse in my classroom, be it personal or academic," Mellema said. "Students can't avoid those conversations anymore with their phones." "This ban has brought joy back to this old, grumpy teacher," he added with a smile. That is the kind of feedback Gov. Tina Kotek was hoping for as she visited Estacada High School on Wednesday afternoon, March 18. Her goal was to visit classrooms, speak with administrators, and meet with students one-on-one to hear about the effectiveness of her phone policy. [...] In the classrooms, she was able to take a straw poll around the cell phone ban and then get specific, direct feedback from the kids. Overall, it was positive.

The Rangers said they noticed changes in how they interact with teachers and peers. They don't feel that "siren's song" tug of their phones as often, and the changes are bleeding into everyday life as well -- think less reminders to put phones away during family dinners. Phones also led to issues around bullying and online toxicity during the school day. There are some hiccups. The students spoke about difficulties in tracking busy schedules. Many athletes relied on their phones for practice times and locations. Some advanced placement kids said the overzealous programs monitoring school laptops blocked access to needed resources for studying/researching schoolwork. There is even a strange quirk with school-provided tech that prevents them from accessing their calculators. "Maybe the filters are too strong right now," Gov. Kotek said. "That is why we are working with the districts to best implement the policy."

The kids also weighed in on the debate around the extent of the ban. The two options bandied in Salem were a "bell-to-bell" policy or just inside classrooms. The latter would allow kids to use their phones during passing period and lunch. Several advocated for that change. That mirrored the debate within the Oregon legislature. It ultimately led to a stalemate and the need for Gov. Kotek's executive ruling. "When you make a decision like this, you don't know how it will ultimately work," Kotek told the students. "I appreciate you adapting to the situation and making it work for you." While things could change in the future, the governor is pleased with the early results. The phone ban is here to stay.

EU

EU Cloud Lobby Asks Regulator To Block VMware From Terminating Partner Program (theregister.com) 31

An anonymous reader quotes a report from The Register: A lobbying trade body for smaller cloud providers is asking the European Commission to impose interim measures blocking Broadcom from terminating the VMware Cloud Service Provider program, calling the decision a death sentence for some tech suppliers and an illegal squeeze on customer choice. As The Reg revealed in January, Broadcom shuttered the scheme, a move sources claimed affects hundreds of CSPs across Europe and curtails options for enterprises buying VMware software and services. The Cloud Infrastructure Service Provider in Europe (CISPE) trade group, representing nearly 50 tech suppliers, filed the complaint today with the EC Directorates-General, accusing Broadcom of bully-boy tactics, and calling for authorities to halt what it terms as "ongoing abuse."

Francisco Mingorance, CISPE secretary general, said of the complaint: "Businesses -- both cloud providers and their customers -- are being irreparably damaged by Broadcom's unfair actions, which we believe are illegal. "After imposing outrageous and unjustified price hikes immediately following the acquisition of VMware, Broadcom is now applying the 'coup de grace'. We need urgent intervention to force them to change. The only way to stop bullies is to stand up to them." CISPE claims that, since Broadcom completed its $69 billion takeover of VMware in October 2023, prices have risen tenfold, payment is demanded upfront, products are bundled regardless of customer need, and minimum commitments are based on potential rather than actual consumption.

The VMware Cloud Service Provider (VCSP) program officially closed in January and all transactions must be complete by March 31. After that date, only a select group of suppliers will be able to sell VMware subscriptions -- either standalone or as part of a broader service. Across Europe, we're told this equates to hundreds of businesses losing their authorization. For some, the loss of VCSP status effectively destroys their market. Those whose operations were built around VMware must now hand customers to another authorized supplier or begin the costly migration to an alternative platform.
Broadcom said in a statement responding to the complaint: "Broadcom strongly disagrees with the allegations by CISPE, an organization funded by hyperscalers, which misrepresent the realities of the market. We continue to be committed to investing significantly in our European VMware Cloud Service Provider partners... helping them offer alternatives to the hyperscalers and meet the evolving needs of European businesses and organizations."
The Courts

Rapper Afroman Wins Defamation Lawsuit Over Use of Police Raid Footage In His Music Videos (billboard.com) 74

Longtime Slashdot reader UnknowingFool writes: Rapper Afroman, born Joseph Edgar Foreman, famous for his 2000 hit "Because I Got High", has won a defamation lawsuit that seven Ohio police offers filed against him. A jury found he did not defame the officers in music videos he made about a 2022 police raid of his home. In August 2022, Adams County Sheriff's Department raided Afroman's home on suspicion of drug trafficking and kidnapping. Neither drugs nor kidnapping victims were found, and charges were never filed. However, local officials would not pay for damages occurred during the raid including a broken front door and a video surveillance camera. Afroman used his home security footage of the raid to create music rap videos criticizing the police over the incident; "Will You Help Me Repair My Door?", "Why You Disconnecting My Video Camera?", and "Lemon Pound Cake". He posted the videos on YouTube.

In March 2023, seven officers filed a lawsuit against Afroman for invasion of privacy and the unauthorized use of their images from the security footage in addition to defamation claims. The officers requested an injunction for Afroman to stop speaking about them or using their photos. The officers also wanted all proceeds from the videos, song sales, performances, and merchandise claiming they had suffered "emotional distress" due to the videos. Afroman's defense included Freedom of Speech rights to criticize public officials. The ACLU filed an amicus brief supporting the rapper, arguing that the lawsuit was a SLAPP suit only meant to silence criticism. In October 2023, the court agreed and dismissed the invasion of privacy, "right of publicity", and "unauthorized use of individual's persona" claims but allowed the defamation case to proceed.

Defamation claims by the officers included the allegation Afroman repeatedly had sex with the wife of Randolph L. Walters, Jr. When Afroman's lawyer asked Walters "But we all know that's not true, right?", the officer replied he did not know. Defamation from emotional damages requires that harm arise from a false statement; however, if a statement is so outrageous that no one would believe it to be true, then reputational damage cannot be a result.

Android

Google Details New 24-Hour Process To Sideload Unverified Android Apps (arstechnica.com) 66

An anonymous reader quotes a report from Ars Technica: Google is planning big changes for Android in 2026 aimed at combating malware across the entire device ecosystem. Starting in September, Google will begin restricting application sideloading with its developer verification program, but not everyone is on board. Android Ecosystem President Sameer Samat tells Ars that the company has been listening to feedback, and the result is the newly unveiled advanced flow, which will allow power users to skip app verification. With its new limits on sideloading, Android phones will only install apps that come from verified developers. To verify, devs releasing apps outside of Google Play will have to provide identification, upload a copy of their signing keys, and pay a $25 fee. It all seems rather onerous for people who just want to make apps without Google's intervention.

Apps that come from unverified developers won't be installable on Android phones -- unless you use the new advanced flow, which will be buried in the developer settings. When sideloading apps today, Android phones alert the user to the "unknown sources" toggle in the settings, and there's a flow to help you turn it on. The verification bypass is different and will not be revealed to users. You have to know where this is and proactively turn it on yourself, and it's not a quick process. [...] The actual legwork to activate this feature only takes a few seconds, but the 24-hour countdown makes it something you cannot do spur of the moment.

But why 24 hours? According to Samat, this is designed to combat the rising use of high-pressure social engineering attacks, in which the scammer convinces the victim they have to install an app immediately to avoid severe consequences. "In that 24-hour period, we think it becomes much harder for attackers to persist their attack," said Samat. "In that time, you can probably find out that your loved one isn't really being held in jail or that your bank account isn't really under attack." But for people who are sure they don't want Google's verification system to get in the way of sideloading any old APK they come across, they don't have to wait until they encounter an unverified app to get started. You only have to select the "indefinitely" option once on a phone, and you can turn dev options off again afterward.
"For a lot of people in the world, their phone is their only computer, and it stores some of their most private information," Samat said. "Over the years, we've evolved the platform to keep it open while also keeping it safe. And I want to emphasize, if the platform isn't safe, people aren't going to use it, and that's a lose-lose situation for everyone, including developers."
Businesses

Pardoned Nikola Fraudster Is Raising Funds For AI-Powered Planes He Claims Will Reshape Aviation (techbuzz.ai) 113

Trevor Milton, the pardoned founder of Nikola, is seeking $1 billion for AI-powered autonomous planes through a new venture called SyberJet. The Tech Buzz reports: "Autonomous planes will be 10 times harder than Nikola ever was," Milton told the Wall Street Journal in a rare interview. It's a remarkable admission from someone whose last venture collapsed under the weight of securities fraud charges after he overstated the capabilities of Nikola's electric and hydrogen-powered trucks. Milton was convicted in 2022 on three counts of fraud for misleading investors about Nikola's technology, including staging a video that made it appear a truck prototype was driving under its own power when it was actually rolling downhill. The conviction sent him to prison and turned Nikola into a cautionary tale about startup hype culture. His pardon, which came earlier this year, sparked immediate controversy in venture capital and legal circles.

Now he's betting that AI and autonomous aviation represent a clean slate. SyberJet appears focused on developing artificial intelligence systems capable of piloting aircraft without human intervention - a technical challenge that's stumped even well-funded players like Boeing and Airbus. [...] Milton hasn't detailed SyberJet's technical approach or revealed who's backing the venture. The company's website remains sparse, and aviation industry sources say they haven't seen concrete demonstrations of the technology. That opacity echoes the early days of Nikola, when Milton made sweeping claims about revolutionary trucks that existed mostly in renderings and promotional videos.
If you need a quick refresher on the Nikola saga, here's a timeline of key events:

June, 2016: Nikola Motor Receives Over 7,000 Preorders Worth Over $2.3 Billion For Its Electric Truck
December, 2016: Nikola Motor Company Reveals Hydrogen Fuel Cell Truck With Range of 1,200 Miles
February, 2020: Nikola Motors Unveils Hybrid Fuel-Cell Concept Truck With 600-Mile Range
June, 2020: Nikola Founder Exaggerated the Capability of His Debut Truck
September, 2020: Nikola Motors Accused of Massive Fraud, Ocean of Lies
September, 2020: Nikola Admits Prototype Was Rolling Downhill In Promo Video
September, 2020: Nikola Founder Trevor Milton Steps Down as Chairman in Battle With Short Seller
October, 2020: Nikola Stock Falls 14 Percent After CEO Downplays Badger Truck Plans
November, 2020: Nikola Stock Plunges As Company Cancels Badger Pickup Truck
July, 2021: Nikola Founder Trevor Milton Indicted on Three Counts of Fraud
December, 2021: EV Startup Nikola Agrees To $125 Million Settlement
September, 2022: Nikola Founder Lied To Investors About Tech, Prosecutor Says in Fraud Trial
Piracy

Cloudflare Appeals Piracy Shield Fine, Hopes To Kill Italy's Site-Blocking Law (arstechnica.com) 25

Cloudflare is appealing a 14.2 million-euro fine from Italy for refusing to comply with its "Piracy Shield" law, which requires blocking access to websites on its 1.1.1.1 DNS service within 30 minutes. The company argues the system lacks oversight, risks widespread overblocking, and could undermine core Internet infrastructure. Ars Technica's Jon Brodkin reports: Piracy Shield is "a misguided Italian regulatory scheme designed to protect large rightsholder interests at the expense of the broader Internet," Cloudflare said in a blog post this week. "After Cloudflare resisted registering for Piracy Shield and challenged it in court, the Italian communications regulator, AGCOM, fined Cloudflare... We appealed that fine on March 8, and we continue to challenge the legality of Piracy Shield itself." Cloudflare called the fine of 14.2 million euros ($16.4 million) "staggering." AGCOM issued the penalty in January 2026, saying Cloudflare flouted requirements to disable DNS resolution of domain names and routing of traffic to IP addresses reported by copyright holders.

Cloudflare had previously resisted a blocking order it received in February 2025, arguing that it would require installing a filter on DNS requests that would raise latency and negatively affect DNS resolution for sites that aren't subject to the dispute over piracy. Cloudflare co-founder and CEO Matthew Prince said that censoring the 1.1.1.1 DNS resolver would force the firm "not just to censor the content in Italy but globally."

Piracy Shield was designed to combat pirated streams of live sports events, requiring network operators to block domain names and IP addresses within 30 minutes of receiving a copyright notification. Cloudflare said the fine should have been capped at 140,000 euros ($161,000), or 2 percent of its Italian earnings, but that "AGCOM calculated the fine based on our global revenue, resulting in a penalty nearly 100 times higher than the legal limit."

Despite its complaints about the size of the fine, Cloudflare said the principles at stake "are even larger" than the financial penalty. "Piracy Shield is an unsupervised electronic portal through which an unidentified set of Italian media companies can submit websites and IP addresses that online service providers registered with Piracy Shield are then required to block within 30 minutes," Cloudflare said.
Cloudflare is pushing for the law to be struck down, arguing that it is "incompatible with EU law, most notably the Digital Services Act (DSA), which requires that any content restriction be proportionate and subject to strict procedural safeguards."

In addition to appealing the fine, Cloudflare says it will continue to challenge Piracy Shield in Italian courts, engage with EU officials, and seek full access to AGCOM's Piracy Shield records.
AI

Google Is Trying To Make 'Vibe Design' Happen (theverge.com) 44

With today's latest Stitch updates, Google is trying to make "vibe design" happen, reports The Verge's Jay Peters. The AI-native design platform encourages users to describe goals, feelings, or inspiration in "natural language," rather than starting with traditional blueprints.

In a blog post, Google Labs Product Manager Rustin Banks says that Stitch can turn those inputs into interactive prototypes, automatically map user flows, and support real-time iteration. It introduces voice capabilities that allow users to "speak directly to [the] canvas" for feedback or changes. Tools like DESIGN.md also help users create reusable design systems across various projects.
Facebook

Meta Is Shutting Down VR Social Platform Horizon Worlds (cnbc.com) 51

Meta is shutting down its VR social platform Horizon Worlds, which was once a key piece of the pivot to the metaverse. The company said the app will be taken off the Quest store at the end of March, and fully removed from Quest headsets by June 15. After that date, it will shift to a standalone "mobile-only experience." CNBC reports: The shift for Horizon Worlds, which was once a central part of the company's push into virtual reality, comes weeks after Meta cut over 1,000 employees from Reality Labs, the unit responsible for the metaverse. [...] The social platform has never drawn more than a couple hundred thousand active users a month, CNBC previously reported.

The virtual 3D social network where avatars could interact and play games with other users officially launched in late 2021. It operated exclusively on the Quest VR platform until Meta launched a mobile app version in September 2023. The mobile version of Horizon Worlds was built to provide an entry point for users without VR headsets, functioning similarly to Roblox.

Open Source

SaaS Apocalypse Could Be OpenSource's Greatest Opportunity (hackernoon.com) 74

Longtime Slashdot reader internet-redstar writes: Nearly a trillion dollars has been wiped from software stocks in 2026, with hedge funds making billions shorting Salesforce, HubSpot, and Atlassian. At FOSDEM 2026, cURL maintainer Daniel Stenberg shut down his bug bounty program after AI-generated slop overwhelmed his team. A new article on HackerNoon argues that most commercial SaaS could inevitably become OpenSource, not out of ideology but economics. The author points to Proxmox replacing VMware at enterprise scale and startups like Holosign replicating DocuSign at $19/month flat as evidence. The catch, the article claims, is that maintainers who refuse to embrace AI tools risk being forked, or simply replicated from scratch, by those who do.
Cloud

Federal Cyber Experts Called Microsoft's Cloud 'a Pile of Shit', Yet Approved It Anyway (propublica.org) 62

ProPublica reports that federal cybersecurity reviewers had serious, yearslong concerns about Microsoft's GCC High cloud offering, yet they approved it anyway because the product was already deeply embedded across government. As one member of the team put it: "The package is a pile of shit." From the report: In late 2024, the federal government's cybersecurity evaluators rendered a troubling verdict on one of Microsoft's biggest cloud computing offerings. The tech giant's "lack of proper detailed security documentation" left reviewers with a "lack of confidence in assessing the system's overall security posture," according to an internal government report reviewed by ProPublica. For years, reviewers said, Microsoft had tried and failed to fully explain how it protects sensitive information in the cloud as it hops from server to server across the digital terrain. Given that and other unknowns, government experts couldn't vouch for the technology's security.

Such judgments would be damning for any company seeking to sell its wares to the U.S. government, but it should have been particularly devastating for Microsoft. The tech giant's products had been at the heart of two major cybersecurity attacks against the U.S. in three years. In one, Russian hackers exploited a weakness to steal sensitive data from a number of federal agencies, including the National Nuclear Security Administration. In the other, Chinese hackers infiltrated the email accounts of a Cabinet member and other senior government officials. The federal government could be further exposed if it couldn't verify the cybersecurity of Microsoft's Government Community Cloud High, a suite of cloud-based services intended to safeguard some of the nation's most sensitive information.

Yet, in a highly unusual move that still reverberates across Washington, the Federal Risk and Authorization Management Program, or FedRAMP, authorized the product anyway, bestowing what amounts to the federal government's cybersecurity seal of approval. FedRAMP's ruling -- which included a kind of "buyer beware" notice to any federal agency considering GCC High -- helped Microsoft expand a government business empire worth billions of dollars. "BOOM SHAKA LAKA," Richard Wakeman, one of the company's chief security architects, boasted in an online forum, celebrating the milestone with a meme of Leonardo DiCaprio in "The Wolf of Wall Street."

It was not the type of outcome that federal policymakers envisioned a decade and a half ago when they embraced the cloud revolution and created FedRAMP to help safeguard the government's cybersecurity. The program's layers of review, which included an assessment by outside experts, were supposed to ensure that service providers like Microsoft could be entrusted with the government's secrets. But ProPublica's investigation -- drawn from internal FedRAMP memos, logs, emails, meeting minutes, and interviews with seven former and current government employees and contractors -- found breakdowns at every juncture of that process. It also found a remarkable deference to Microsoft, even as the company's products and practices were central to two of the most damaging cyberattacks ever carried out against the government.

The Courts

Apple Can Delist Apps 'With Or Without Cause,' Judge Says In Loss For Musi App (arstechnica.com) 63

An anonymous reader quotes a report from Ars Technica: Musi, a free music streaming app that had tens of millions of iPhone downloads and garnered plenty of controversy over its method of acquiring music, has lost an attempt to get back on Apple's App Store. A federal judge dismissed Musi's lawsuit against Apple with prejudice and sanctioned Musi's lawyers for "mak[ing] up facts to fill the perceived gaps in Musi's case."

Musi built a streaming service without striking its own deals with copyright holders. It did so by playing music from YouTube, writing in its 2024 lawsuit against Apple that "the Musi app plays or displays content based on the user's own interactions with YouTube and enhances the user experience via Musi's proprietary technology." Musi's app displayed its own ads but let users remove them for a one-time fee of $5.99. Musi claimed it complied with YouTube's terms, but Apple removed it from the App Store in September 2024. Musi does not offer an Android app. Musi alleged that Apple delisted its app based on "unsubstantiated" intellectual property claims from YouTube and that Apple violated its own Developer Program License Agreement (DPLA) by delisting the app.

Musi was handed a resounding defeat yesterday in two rulings from US District Judge Eumi Lee in the Northern District of California. Lee found that Apple can remove apps "with or without cause," as stipulated in the developer agreement. Lee wrote (PDF): "The plain language of the DPLA governs because it is clear and explicit: Apple may 'cease marketing, offering, and allowing download by end-users of the [Musi app] at any time, with or without cause, by providing notice of termination.' Based on this language, Apple had the right to cease offering the Musi app without cause if Apple provided notice to Musi. The complaint alleges, and Musi does not dispute, that Apple gave Musi the required notice. Therefore, Apple's decision to remove the Musi app from the App Store did not breach the DPLA."

AI

AI Job Loss Research Ignores How AI Is Utterly Destroying the Internet (404media.co) 148

An anonymous reader quotes a report from 404 Media, written by Jason Koebler: Over the last few months, various academics and AI companies have attempted to predict how artificial intelligence is going to impact the labor market. These studies, including a high-profile paper published by Anthropic earlier this month, largely try to take the things AI is good at, or could be good at, and match them to existing job categories and job tasks. But the papers ignore some of the most impactful and most common uses of AI today: AI porn and AI slop.

Anthropic's paper, called "Labor market impacts of AI: A new measure and early evidence," essentially attempts to find 1:1 correlations between tasks that people do today at their jobs and things people are using Claude for. The researchers also try to predict if a job's tasks "are theoretically possible with AI," which resulted in this chart, which has gone somewhat viral and was included in a newsletter by MSNOW's Phillip Bump and threaded about by tech journalist Christopher Mims. (Because everything is terrible, the research is now also feeding into a gambling website where you can see the apparent odds of having your job replaced by AI.) In his thread, Mims makes the case that the "theoretical capability" of AI to do different jobs in different sectors is totally made up, and that this chart basically means nothing. Mims makes a good and fair observation: The nature of the many, many studies that attempt to predict which people are going to lose their jobs to AI are all flawed because the inputs must be guessed, to some degree.

But I believe most of these studies are flawed in a deeper way: They do not take into account how people are actually using AI, though Anthropic claims that that is exactly what it is doing. "We introduce a new measure of AI displacement risk, observed exposure, that combines theoretical LLM capability and real-world usage data, weighting automated (rather than augmentative) and work-related uses more heavily," the researchers write. This is based in part on the "Anthropic Economic Index," which was introduced in an extremely long paper published in January that tries to catalog all the high-minded uses of AI in specific work-related contexts. These uses include "Complete humanities and social science academic assignments across multiple disciplines," "Draft and revise professional workplace correspondence and business communications," and "Build, debug, and customize web applications and websites." Not included in any of Anthropic's research are extremely popular uses of AI such as "create AI porn" and "create AI slop and spam." These uses are destroying discoverability on the internet, cause cascading societal and economic harms.
"Anthropic's research continues a time-honored tradition by AI companies who want to highlight the 'good' uses of AI that show up in their marketing materials while ignoring the world-destroying applications that people actually use it for," argues Koebler. "Meanwhile, as we have repeatedly shown, huge parts of social media websites and Google search results have been overtaken by AI slop. Chatbots themselves have killed traffic to lots of websites that were once able to rely on ad revenue to employ people, so on and so forth..."

"This is all to say that these studies about the economic impacts of AI are ignoring a hugely important piece of context: AI is eating and breaking the internet and social media," writes Koebler, in closing. "We are moving from a many-to-many publishing environment that created untold millions of jobs and businesses towards a system where AI tools can easily overwhelm human-created websites, businesses, art, writing, videos, and human activity on the internet. What's happening may be too chaotic, messy, and unpleasant for AI companies to want to reckon with, but to ignore it entirely is malpractice."
Businesses

Finance Bros To Tech Bros: Don't Mess With My Bloomberg Terminal (wsj.com) 61

An anonymous reader quotes a report from the Wall Street Journal: A battle of insults and threats has broken out between the tech world and Wall Street. What's got everyone so worked up? The same thing that starts most fights: business software. A series of social-media posts went viral in recent days with claims that AI has created a worthy -- and way cheaper -- alternative to the Bloomberg terminal, a computer system that is like oxygen to professional investors. Now "Bloomberg is cooked," some posters argued as they heralded the arrival of a newly released AI tool from startup Perplexity. [...]

The finance bros who worship at the altar of Bloomberg have declared war on the tech evangelists who have put all their faith in AI. To suggest that the terminal is replaceable is "laughable," said Jason Lemire, who jumped into the conversation on LinkedIn. (Ironically or not, his post also included an AI-generated image of churchgoers praying to the Bloomberg terminal). "It seems quite obvious to me that those propagating that post are either just looking for easy engagement and/or have never worked in a serious financial institution," he wrote. [...] Morgan Linton, the co-founder and CTO of AI startup Bold Metrics and an avid Perplexity Computer user, said it's rare for a single AI prompt to generate anything close to what Bloomberg does. That said, he added that tools like this can lay "a really good foundation for a financial application. And that really has not been possible before."

Others aren't so sure. Michael Terry, an institutional investment manager who used the terminal for more than 30 years, said he used a prompt circulating online to try to vibe code a Bloomberg replica on Anthropic's Claude. "It was laughable at best, horrific at worst," he said. Shevelenko acknowledged there are some aspects of the terminal that can't be replicated with vibe coding, including some of Bloomberg's proprietary data inputs. The live chat network, which includes 350,000 financial professionals in 184 countries, would also be hard to re-create, as well as the terminal's data security, reliability and robust support system. "I love Bloomberg. And I know most people that use Bloomberg are very, very loyal and extremely happy," said Lemire. His message to the techies? "There's nothing that you can vibe code in a weekend or even like over the course of a year that's going to come anywhere close."

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