Reuters: The European Union's landmark rules on AI will be rolled out according to the legal timeline in the legislation, the European Commission said on Friday, dismissing calls from some companies and countries for a pause.

Google owner Alphabet, Facebook owner Meta and other U.S. companies as well as European businesses such as Mistral and ASML have in recent days urged the Commission to delay the AI Act by years. Financial Times adds: In an open letter, seen by the Financial Times, the heads of 44 major firms on the continent called on European Commission President Ursula von der Leyen to introduce a two-year pause, warning that unclear and overlapping regulations are threatening the bloc's competitiveness in the global AI race.

[...] The current debate surrounds the drafting of a "code of practice," which will provide guidance to AI companies on how to implement the act that applies to powerful AI models such as Google's Gemini, Meta's Llama and OpenAI's GPT-4. Brussels has already delayed publishing the code, which was due in May, and is now expected to water down the rules.

BrianFagioli shares a report from NERDS.xyz: A new academic study has found that the 2016 Wells Fargo scandal pushed many consumers toward fintech lenders instead of traditional banks. The research, published in the Journal of Financial Economics, suggests that it was a lack of trust rather than interest rates or fees that drove this behavioral shift. Conducted by Keer Yang, an assistant professor at the UC Davis Graduate School of Management, the study looked closely at what happened after the Wells Fargo fraud erupted into national headlines. Bank employees were caught creating millions of unauthorized accounts to meet unrealistic sales goals. The company faced $3 billion in penalties and a massive public backlash.

Yang analyzed Google Trends data, Gallup polls, media coverage, and financial transaction datasets to draw a clear conclusion. In geographic areas with a strong Wells Fargo presence, consumers became measurably more likely to take out mortgages through fintech lenders. This change occurred even though loan costs were nearly identical between traditional banks and digital lenders. In other words, it was not about money. It was about trust. That simple fact hits hard. When big institutions lose public confidence, people do not just complain. They start moving their money elsewhere.

According to the study, fintech mortgage use increased from just 2 percent of the market in 2010 to 8 percent in 2016. In regions more heavily exposed to the Wells Fargo brand, fintech adoption rose an additional 4 percent compared to areas with less exposure. Yang writes, "Therefore it is trust, not the interest rate, that affects the borrower's probability of choosing a fintech lender." [...] Notably, while customers may have been more willing to switch mortgage providers, they were less likely to move their deposits. Yang attributes that to FDIC insurance, which gives consumers a sense of security regardless of the bank's reputation. This study also gives weight to something many of us already suspected. People are not necessarily drawn to fintech because it is cheaper. They are drawn to it because they feel burned by the traditional system and want a fresh start with something that seems more modern and less manipulative.

An anonymous reader shares a report: Google has ended tests of a feature that would have let users open a snapshot of cooking-recipe content directly in web search results -- a welcome development for creators and food bloggers who were concerned about eroding traffic to their sites.

In recent months, Alphabet-owned Google has tested Recipe Quick View, which showed some food bloggers' content in search. The company framed the feature as an attempt to help users determine whether they are interested in a recipe before visiting a website. But some bloggers said they feared that the product would keep users from clicking through to their sites, depriving them of traffic and ad revenue.

Google on Tuesday confirmed it ended the trial.

An anonymous reader quotes a report from TechCrunch: A security vulnerability in a stealthy Android spyware operation called Catwatchful has exposed thousands of its customers, including its administrator. The bug, which was discovered by security researcher Eric Daigle, spilled the spyware app's full database of email addresses and plaintext passwords that Catwatchful customers use to access the data stolen from the phones of their victims. [...] According to a copy of the database from early June, which TechCrunch has seen, Catwatchful had email addresses and passwords on more than 62,000 customers and the phone data from 26,000 victims' devices.

Most of the compromised devices were located in Mexico, Colombia, India, Peru, Argentina, Ecuador, and Bolivia (in order of the number of victims). Some of the records date back to 2018, the data shows. The Catwatchful database also revealed the identity of the spyware operation's administrator, Omar Soca Charcov, a developer based in Uruguay. Charcov opened our emails, but did not respond to our requests for comment sent in both English and Spanish. TechCrunch asked if he was aware of the Catwatchful data breach, and if he plans to disclose the incident to its customers. Without any clear indication that Charcov will disclose the incident, TechCrunch provided a copy of the Catwatchful database to data breach notification service Have I Been Pwned. The stalkerware operation uses a custom API and Google's Firebase to collect and store victims' stolen data, including photos and audio recordings. According to Daigle, the API was left unauthenticated, exposing sensitive user data such as email addresses and passwords.

The hosting provider temporarily suspended the spyware after TechCrunch disclosed this vulnerability but it returned later on HostGator. Despite being notified, Google has yet to take down the Firebase instance but updated Google Play Protect to detect Catwatchful.

While Catwatchful claims it "cannot be uninstalled," you can dial "543210" and press the call button on your Android phone to reveal the hidden app. As for its removal, TechCrunch has a general how-to guide for removing Android spyware that could be helpful.

A California jury has ordered Google to pay $314.6 million to Android smartphone users in the state after finding the company liable for collecting data from idle devices without permission.

The San Jose jury ruled Tuesday that Google sent and received information from phones while idle, creating "mandatory and unavoidable burdens shouldered by Android device users for Google's benefit." The 2019 class action represented an estimated 14 million Californians who argued Google consumed their cellular data for targeted advertising purposes.

AI-powered note-taking apps are increasingly attending workplace meetings in place of human participants, creating situations where automated transcription bots outnumber actual attendees.

Major platforms including Zoom, Microsoft Teams and Google Meet now offer built-in note-taking features that record, transcribe and summarize meetings for invited participants who don't attend. The technology operates under varying legal frameworks, with most states requiring only single-party consent for recording while California, Florida, and Pennsylvania mandate all-party approval.

An anonymous reader shares a report: In 2021, Google set a lofty goal of achieving net-zero carbon emissions by 2030. Yet in the years since then, the company has moved in the opposite direction as it invests in energy-intensive artificial intelligence. In its latest sustainability report, Google said its carbon emissions had increased 51% between 2019 and 2024.

New research aims to debunk even that enormous figure and provide context to Google's sustainability reports, painting a bleaker picture. A report authored by non-profit advocacy group Kairos Fellowship found that, between 2019 and 2024, Google's carbon emissions actually went up by 65%. What's more, between 2010, the first year there is publicly available data on Google's emissions, and 2024, Google's total greenhouse gas emissions increased 1,515%, Kairos found. The largest year-over-year jump in that window was also the most recent, 2023 to 2024, when Google saw a 26% increase in emissions just between 2023 and 2024, according to the report.

MethaneSAT, an $88 million satellite backed by Jeff Bezos and led by the Environmental Defense Fund to track global methane emissions, has been lost in space after going off course and losing power over Norway. "We're seeing this as a setback, not a failure," Amy Middleton, senior vice president at EDF, told Reuters. "We've made so much progress and so much has been learned that if we hadn't taken this risk, we wouldn't have any of these learnings." Reuters reports: The launch of MethaneSAT in March 2024 was a milestone in a years-long campaign by EDF to hold accountable the more than 120 countries that in 2021 pledged to curb their methane emissions. It also sought to help enforce a further promise from 50 oil and gas companies made at the Dubai COP28 climate summit in December 2023 to eliminate methane and routine gas flaring. [...] While MethaneSAT was not the only project to publish satellite data on methane emissions, its backers said it provided more detail on emissions sources and it partnered with Google to create a publicly-available global map of emissions.

EDF reported the lost satellite to federal agencies including the National Oceanic and Atmospheric Administration, Federal Communications Commission and the U.S. Space Force on Tuesday, it said. Building and launching the satellite cost $88 million, according to the EDF. The organization had received a $100 million grant from the Bezos Earth Fund in 2020 and got other major financial support from Arnold Ventures, the Robertson Foundation and the TED Audacious Project and EDF donors. The project was also partnered with the New Zealand Space Agency. EDF said it had insurance to cover the loss and its engineers were investigating what had happened.

The organization said it would continue to use its resources, including aircraft with methane-detecting spectrometers, to look for methane leaks. It also said it was too early to say whether it would seek to launch another satellite but believed MethaneSAT proved that a highly sensitive instrument "could see total methane emissions, even at low levels, over wide areas."

An anonymous reader quotes a report from TechCrunch: No wonder Google is desperate for more power: The company's data centers more than doubled their electricity use in just four years. The eye-popping stat comes from Google's most recent sustainability report, which it released late last week. In 2024, Google data centers used 30.8 million megawatt-hours of electricity. That's up from 14.4 million megawatt-hours in 2020, the earliest year Google broke out data center consumption. Google has pledged to use only carbon-free sources of electricity to power its operations, a task made more challenging by its breakneck pace of data center growth. And the company's electricity woes are almost entirely a data center problem. In 2024, data centers accounted for 95.8% of the entire company's electron budget.

The company's ratio of data-center-to-everything-else has been remarkably consistent over the last four years. Though 2020 is the earliest year Google has made data center electricity consumption figures available, it's possible to use that ratio to extrapolate back in time. Some quick math reveals that Google's data centers likely used just over 4 million megawatt-hours of electricity in 2014. That's sevenfold growth in just a decade. The tech company has already picked most of the low-hanging fruit by improving the efficiency of its data centers. Those efforts have paid off, and the company is frequently lauded for being at the leading edge. But as the company's power usage effectiveness (PUE) has approached the theoretical ideal of 1.0, progress has slowed. Last year, Google's company-wide PUE dropped to 1.09, a 0.01 improvement over 2023 but only 0.02 better than a decade ago. Yesterday, Google announced a deal to purchase 200 megawatts of future fusion energy from Commonwealth Fusion Systems, despite the energy source not yet existing. "It's a sign of how hungry big tech companies are for a virtually unlimited source of clean power that is still years away," reports CNN.

Figma has filed to go public on the NYSE under the ticker "FIG," marking one of the most anticipated IPOs in recent years following its scrapped $20 billion acquisition by Adobe. CNBC reports: Revenue in the first quarter increased 46% to $228.2 million from $156.2 million in the same period a year ago, according to Figma's prospectus. The company recorded a net income of $44.9 million, compared to $13.5 million a year earlier. As of March 31, Figma had 1,031 customers contributing at least $100,000 a year to annual revenue, up 47% from a year earlier. Clients include Amazon Web Services, Google, Microsoft and Netflix. More than half of revenue comes from outside the U.S. Figma didn't say how many shares it plans to sell in the IPO. The company was valued at $12.5 billion in a tender offer last year, and in April it announced that it had confidentially filed for an IPO with the SEC. [...]

Figma was founded in 2012 by CEO Dylan Field, 33, and Evan Wallace, and is based in San Francisco. The company had 1,646 employees as of March 31. Before establishing Figma, Field spent over two years at Brown University, where he met Wallace. Field then took a Thiel Fellowship "to pursue entrepreneurial projects," according to the filing. The two-year program that Founders Fund partner Peter Thiel established in 2011 gives young entrepreneurs a $200,000 grant along with support from founders and investors, according to an online description. Field is the biggest individual owner of Figma, with 56.6 million Class B shares and 51.1% of voting power ahead of the IPO. He said in a letter to investors that it was time for Figma to buck the "trend of many amazing companies staying privately indefinitely." "Some of the obvious benefits such as good corporate hygiene, brand awareness, liquidity, stronger currency and access to capital markets apply," wrote Field. "More importantly, I like the idea of our community sharing in the ownership of Figma -- and the best way to accomplish this is through public markets."

As a public company, Field said investors should "expect us to take big swings," including through acquisitions.

In April, Figma bought the assets and team of an unnamed technology company for $14 million, according to the filing. They also registered over 13 million users per month, one-third of which are designers.

Google will tell European Union antitrust regulators Tuesday that the bloc's Digital Markets Act is stifling innovation and harming European users and businesses. The tech giant faces charges under the DMA for allegedly favoring its own services like Google Shopping, Google Hotels, and Google Flights over competitors. Potential fines could reach 10% of Google's global annual revenue.

Google lawyer Clare Kelly will address a European Commission workshop, arguing that compliance changes have forced Europeans to pay more for travel tickets while airlines, hotels, and restaurants report losing up to 30% of direct booking traffic.

AT&T has launched a new Account Lock feature designed to protect customers from SIM swapping attacks. The security tool, available through the myAT&T app, prevents unauthorized changes to customer accounts including phone number transfers, SIM card changes, billing information updates, device upgrades, and modifications to authorized users.

SIM swapping attacks occur when criminals obtain a victim's phone number through social engineering techniques, then intercept messages and calls to access two-factor authentication codes for sensitive accounts. The attacks have become increasingly common in recent years. AT&T began gradually rolling out Account Lock earlier this year, joining T-Mobile, Verizon, and Google Fi, which already offer similar fraud prevention features.

Google has signed a deal to purchase 200 megawatts of future fusion energy from Commonwealth Fusion Systems, despite the energy source not yet existing. "It's a sign of how hungry big tech companies are for a virtually unlimited source of clean power that is still years away," reports CNN. From the report: Google and Massachusetts-based Commonwealth Fusion Systems announced a deal Monday in which the tech company bought 200 megawatts of power from Commonwealth's first commercial fusion plant, the same amount of energy that could power roughly 200,000 average American homes. Commonwealth aims to build the plant in Virginia by the early 2030s. When it starts generating usable fusion energy is still TBD, though the company believes they can do it in the same timeframe.

Google is also investing a second round of money into Commonwealth to spur development of its demonstration tokamak -- a donut-shaped machine that uses massive magnets and molten plasma to force two atoms to merge, thereby creating the energy of the sun. Google and Commonwealth did not disclose how much money is being invested, but both touted the announcement as a major step toward fusion commercialization. "We're using this purchasing power that we have to send a demand signal to the market for fusion energy and hopefully move (the) technology forward," said Michael Terrell, senior director of energy and climate at Google.

Commonwealth is currently building its demonstration plant in Massachusetts, known as SPARC. It's the tokamak the company says could forever change where the world gets its power from, generating 10 million times more energy than coal or natural gas while producing no planet-warming pollution. Fuel for fusion is abundant, derived from a form of hydrogen found in seawater and tritium extracted from lithium. And unlike nuclear fission, there is no radioactive waste involved. The big challenge is that no one has yet built a machine powerful and precise enough to get more energy out of the reaction than they put into it.

Microsoft's new AI diagnostic system achieved 80% accuracy in diagnosing patients compared to 20% for human doctors, while reducing costs by 20%, according to company research published Monday. The MAI Diagnostic Orchestrator queries multiple leading AI models including OpenAI's GPT, Google's Gemini, Anthropic's Claude, Meta's Llama, and xAI's Grok in what the company describes as a "chain-of-debate style" approach.

The system was tested against 304 case studies from the New England Journal of Medicine using Microsoft's Sequential Diagnosis Benchmark, which breaks down each case into step-by-step diagnostic processes that mirror how human physicians work. Microsoft CEO of AI Mustafa Suleyman called the development "a genuine step toward medical superintelligence."

"Canada and the United States have resumed trade negotiations," reports Newsweek, "after Canadian Prime Minister Mark Carney agreed to rescind the country's digital services tax on U.S. technology companies." The development follows President Donald Trump's announcement on Friday that he was suspending all trade talks with Canada "effective immediately" over the tax policy... Canada's quick reversal signals the high stakes involved in maintaining trade relationships with the United States, particularly given the countries' deeply integrated economies.

Carney's office confirmed on Sunday that both leaders have agreed to restart negotiations after Canada committed to abandoning the 3 percent levy targeting major U.S. tech giants including Amazon, Google, Meta, Uber, and Airbnb. The tax was scheduled to take effect Monday and would have applied retroactively, creating an estimated $2 billion bill for American companies. The conflict escalated rapidly after Canada's Finance Department confirmed Friday that companies would still be required to make their first digital tax payments Monday, despite ongoing negotiations. The tax targeted revenue generated from Canadian users rather than corporate profits, making it particularly burdensome for technology companies operating internationally...

Canada's decision to rescind the tax came "in anticipation" of reaching a broader trade agreement, according to government officials. With negotiations resuming, both countries will likely focus on addressing broader trade issues beyond the digital services tax.

An anonymous reader shared this report from the tech news site The Register: The U.S. Cybersecurity and Infrastructure Security Agency (CISA) and the National Security Agency (NSA) this week published guidance urging software developers to adopt memory-safe programming languages. "The importance of memory safety cannot be overstated," the inter-agency report says...

The CISA/NSA report revisits the rationale for greater memory safety and the government's calls to adopt memory-safe languages (MSLs) while also acknowledging the reality that not every agency can change horses mid-stream. "A balanced approach acknowledges that MSLs are not a panacea and that transitioning involves significant challenges, particularly for organizations with large existing codebases or mission-critical systems," the report says. "However, several benefits, such as increased reliability, reduced attack surface, and decreased long-term costs, make a strong case for MSL adoption."

The report cites how Google by 2024 managed to reduce memory safety vulnerabilities in Android to 24 percent of the total. It goes on to provide an overview of the various benefits of adopting MSLs and discusses adoption challenges. And it urges the tech industry to promote memory safety by, for example, advertising jobs that require MSL expertise.

It also cites various government projects to accelerate the transition to MSLs, such as the Defense Advanced Research Projects Agency (DARPA) Translating All C to Rust (TRACTOR) program, which aspires to develop an automated method to translate C code to Rust. A recent effort along these lines, dubbed Omniglot, has been proposed by researchers at Princeton, UC Berkeley, and UC San Diego. It provides a safe way for unsafe libraries to communicate with Rust code through a Foreign Function Interface....

"Memory vulnerabilities pose serious risks to national security and critical infrastructure," the report concludes. "MSLs offer the most comprehensive mitigation against this pervasive and dangerous class of vulnerability."
"Adopting memory-safe languages can accelerate modern software development and enhance security by eliminating these vulnerabilities at their root," the report concludes, calling the idea "an investment in a secure software future."

"By defining memory safety roadmaps and leading the adoption of best practices, organizations can significantly improve software resilience and help ensure a safer digital landscape."

"The potential threat of bosses attempting to replace human workers with AI agents is just one of many compounding reasons people are critical of generative AI..." writes Wired, arguing that there's an AI backlash that "keeps growing strong."

"The pushback from the creative community ramped up during the 2023 Hollywood writer's strike, and continued to accelerate through the current wave of copyright lawsuits brought by publishers, creatives, and Hollywood studios." And "Right now, the general vibe aligns even more with the side of impacted workers." "I think there is a new sort of ambient animosity towards the AI systems," says Brian Merchant, former WIRED contributor and author of Blood in the Machine, a book about the Luddites rebelling against worker-replacing technology. "AI companies have speedrun the Silicon Valley trajectory." Before ChatGPT's release, around 38 percent of US adults were more concerned than excited about increased AI usage in daily life, according to the Pew Research Center. The number shot up to 52 percent by late 2023, as the public reacted to the speedy spread of generative AI. The level of concern has hovered around that same threshold ever since...

[F]rustration over AI's steady creep has breached the container of social media and started manifesting more in the real world. Parents I talk to are concerned about AI use impacting their child's mental health. Couples are worried about chatbot addictions driving a wedge in their relationships. Rural communities are incensed that the newly built data centers required to power these AI tools are kept humming by generators that burn fossil fuels, polluting their air, water, and soil. As a whole, the benefits of AI seem esoteric and underwhelming while the harms feel transformative and immediate.

Unlike the dawn of the internet where democratized access to information empowered everyday people in unique, surprising ways, the generative AI era has been defined by half-baked software releases and threats of AI replacing human workers, especially for recent college graduates looking to find entry-level work. "Our innovation ecosystem in the 20th century was about making opportunities for human flourishing more accessible," says Shannon Vallor, a technology philosopher at the Edinburgh Futures Institute and author of The AI Mirror, a book about reclaiming human agency from algorithms. "Now, we have an era of innovation where the greatest opportunities the technology creates are for those already enjoying a disproportionate share of strengths and resources."

The impacts of generative AI on the workforce are another core issue that critics are organizing around. "Workers are more intuitive than a lot of the pundit class gives them credit for," says Merchant. "They know this has been a naked attempt to get rid of people."
The article suggests "the next major shift in public opinion" is likely "when broad swaths of workers feel further threatened," and organize in response...

The problem? "Companies want their products and brands to appear in chatbot results," reports 9to5Mac. And "Since Reddit forms a key part of the training material for Google's AI, then one effective way to make that happen is to spam Reddit." Huffman has confirmed to the Financial Times that this is happening, with companies using AI bots to create fake posts in the hope that the content will be regurgitated by chatbots:

"For 20 years, we've been fighting people who have wanted to be popular on Reddit," Huffman said... "If you want to show up in the search engines, you try to do well on Reddit, and now the LLMs, it's the same thing. If you want to be in the LLMs, you can do it through Reddit."

Multiple ad agency execs confirmed to the FT that they are indeed "posting content on Reddit to boost the likelihood of their ads appearing in the responses of generative AI chatbots." Huffman says that AI bots are increasingly being used to make spam posts, and Reddit is trying to block them: For Huffman, success comes down to making sure that posts are "written by humans and voted on by humans [...] It's an arms race, it's a never ending battle." The company is exploring a number of new ways to do this, including the World ID eyeball-scanning device being touted by OpenAI's Sam Altman.
It's Reddit's 20th anniversary, notes CNBC. And while "MySpace, Digg and Flickr have faded into oblivion," Reddit "has refused to die, chugging along and gaining an audience of over 108 million daily users..."

But now Reddit "faces a gargantuan challenge gaining new users, particularly if Google's search floodgates dry up." [I]n the age of AI, many users simply "go the easiest possible way," said Ann Smarty, a marketing and reputation management consultant who helps brands monitor consumer perception on Reddit. And there may be no simpler way of finding answers on the internet than simply asking ChatGPT a question, Smarty said. "People do not want to click," she said. "They just want those quick answers."
But in response, CNBC's headline argues that Reddit "is fighting AI with AI." It launched its own Reddit Answers AI service in December, using technology from OpenAI and Google. Unlike general-purpose chatbots that summarize others' web pages, the Reddit Answers chatbot generates responses based purely on the social media service, and it redirects people to the source conversations so they can see the specific user comments. A Reddit spokesperson said that over 1 million people are using Reddit Answers each week.

Tech companies Google and Palo Alto Networks are sounding the alarm over the "Scattered Spider" hacking group's interest in the aviation sector. From a report: In a statement posted on LinkedIn, Sam Rubin, an executive at Palo Alto's cybersecurity-focused Unit 42, said his company had "observed Muddled Libra (also known as Scattered Spider) targeting the aviation industry."

In a similar statement, Charles Carmakal, an executive with Alphabet-owned Google's cybersecurity-focused Mandiant unit, said his company was "aware of multiple incidents in the airline and transportation sector which resemble the operations of UNC3944 or Scattered Spider." Axios adds: The group of mostly Western, English-speaking hackers has been on a months-long spree that's prompted operational disruptions at grocery suppliers, major retail storefronts and insurance companies in the U.S. and U.K.

Hawaiian Airlines said Thursday it's addressing a "cybersecurity incident" that affected some of its IT systems. Canadian airline WestJet faced a similar incident last week that caused outages for some of its systems and mobile app. A source familiar with the incidents told Axios that Scattered Spider was likely behind the WestJet incident.

An anonymous reader quotes a report from UploadVR: Software developer Stijn Spanhove used the newest SDK features of Snap OS to build a prototype of [a real-world ad blocker for Snap Spectacles]. If you're unfamiliar, Snap Spectacles are a bulky AR glasses development kit available to rent for $99/month. They run Snap OS, the company's made-for-AR operating system, and developers build apps called Lenses for them using Lens Studio or WebXR.

Spanhove built the real-world ad blocker using the new Depth Module API of Snap OS, integrated with the vision capability of Google's Gemini AI via the cloud. The Depth Module API caches depth frames, meaning that coordinate results from cloud vision models can be mapped to positions in 3D space. This enables detecting and labeling real-world objects, for example. Or, in the case of Spanhove's project, projecting a red rectangle onto real-world ads.

However, while the software approach used for Spanhove's real-world ad blocker is sound, two fundamental hardware limitations mean it wouldn't be a practical way to avoid seeing ads in your reality. Firstly, the imagery rendered by see-through transparent AR systems like Spectacles isn't fully opaque. Thus, as you can see in the demo clip, the ads are still visible through the blocking rectangle. The other problem is that see-through transparent AR systems have a very limited field of view. In the case of Spectacles, just 46 degrees diagonal. So ads are only "blocked" whenever you're looking directly at them, and you'll still see them when you're not.