Los Angeles authorities have vowed to prosecute illegal drone operators after a civilian drone collided with a Canadian CL-415 firefighting plane combating the Palisades Fire, causing damage that grounded the aircraft and temporarily halted all aerial firefighting operations. CNN reports: The specifically designed CL-415 firefighting planes are used to scoop up more than 1,500 gallons of ocean water to drop on active fires. The plane in question, Quebec 1, "sustained wing damage and remains grounded and out of service," Los Angeles Fire Department spokesperson Erik Scott said, adding that there were no reported injuries. The damaged plane will be prioritized for repair and should be back up flying by Monday, L.A. County Fire Chief Anthony C. Marrone said Friday. The collision caused the temporary grounding of all aircraft responding to the Palisades Fire, The War Zone reported, citing Cal Fire. It was one of the two such planes deployed to the site, The War Zone said. "You will be arrested, you will be prosecuted, and you will be punished to the full extent of the law," said Los Angeles County District Attorney Nathan Hochman in a statement.

Marrone added that, "Our federal partners behind the scenes are going to be implementing procedures to be able to follow drones in our two large fire areas, and they will be able to identify who the operator of that drone is. "The most important thing to know is that if you fly a drone at one of these brush fires, all aerial operations will be shut down, and we certainly don't want to have that happen."

The FAA underscored late Thursday that it "has not authorized anyone unaffiliated with the Los Angeles firefighting operations to fly drones" in restricted airspace put in place over the wildfires. "The FAA treats these violations seriously and immediately considers swift enforcement action for these offenses," the agency said.

An anonymous reader shares a report: YouTubers and other digital content creators are selling their unused video footage to AI companies seeking exclusive videos to better train their AI algorithms, oftentimes netting thousands of dollars per deal. OpenAI, Alphabet's Google, AI media company Moonvalley and several other AI companies are collectively paying hundreds of content creators for access to their unpublished videos, according to people familiar with the negotiations.

That content, which hasn't been posted elsewhere online, is considered valuable for training artificial intelligence systems since it's unique. AI companies are currently paying between $1 and $4 per minute of footage, the people said, with prices increasing depending on video quality or format. Videos that are shot in 4K, for example, go for a higher price, as does non-traditional footage like videos captured from drones or using 3D animations. Most footage, such as unused video created for networks like YouTube, Instagram and TikTok, is selling for somewhere between $1 and $2 per minute.

Mark Zuckerberg's Meta is terminating major DEI programs, effective immediately -- including for hiring, training and picking suppliers. Axios: Meta said it was changing course because the "legal and policy landscape surrounding diversity, equity and inclusion efforts in the United States is changing," per a memo by Janelle Gale, vice president of human resources.

India's homegrown digital payments ecosystem, anchored by two systems, is challenging Visa and Mastercard's dominance in the world's most populous nation. The backbone is UPI, a nine-year-old bank-to-bank payment network that processes over 13 billion monthly transactions through QR codes and phone numbers, accounting for 71% of all transactions and 36% of consumer spending, according to Bernstein.

RuPay, India's domestic card network, has leveraged its exclusive right to process credit card transactions through UPI to double its volume to $7.43 billion in fiscal 2025's first seven months. It now represents 28% of credit card transactions, up from 10% last year. Small merchants are adopting the system as RuPay only charges fees on transactions above $23.3. India's central bank has also mandated banks let customers choose their card network, ending exclusive deals with global providers.

An anonymous reader quotes a report from Crypto Briefing: The US Department of Justice (DOJ) has been authorized to sell approximately 69,370 Bitcoin seized in connection with the Silk Road darknet marketplace, a haul currently valued at around $6.5 billion, DB News reported Wednesday. The decision is set to end a years-long legal dispute over the BTC stash's ownership. On December 30, a federal judge ruled in favor of the DOJ's request to liquidate the crypto assets, the report said. Battle Born Investments, which had asserted a claim to the Bitcoin stash through a bankruptcy estate, ultimately failed in its bid to delay the sale.

As noted, the group had pursued a Freedom of Information Act (FOIA) request seeking the identity of "Individual X," who initially surrendered Bitcoin, but the effort also proved unsuccessful. Battle Born's legal counsel criticized the DOJ's handling of the case, alleging the department employed "procedural trickery" in its use of civil asset forfeiture to avoid scrutiny. The DOJ, in its arguments before the court, cited Bitcoin's price volatility as motivation for seeking a quick sale of the seized assets. A DOJ spokesperson, when contacted, stated, "The Government will proceed further consistent with the judgment in this case."

The update comes after the US Supreme Court refused to hear an appeal challenging the seizure of the Bitcoin stash, which was brought by Battle Born last October. The decision likely paved the way for the US government to sell Bitcoin, which was valued at $4.4 billion at the time. The US Marshals Service is expected to manage the liquidation process, which, if confirmed, will be one of the largest sales of seized crypto in history. Further reading: Judge Rejects Man From Retrieving $750 Million of Bitcoin From Landfill

Scientists said the world just reached a grim milestone: the first full year where global temperatures exceeded 1.5C above pre-industrial times. Reuters reports: The milestone was confirmed by the European Union's Copernicus Climate Change Service (C3S), which said climate change is pushing the planet's temperature to levels never before experienced by modern humans. "The trajectory is just incredible," C3S director Carlo Buontempo told Reuters, describing how every month in 2024 was the warmest or second-warmest for that month since records began.

The planet's average temperature in 2024 was 1.6 degrees Celsius higher than in 1850-1900, the "pre-industrial period" before humans began burning CO2-emitting fossil fuels on a large scale, C3S said. Last year was the world's hottest since records began, and each of the past ten years was among the ten warmest on record. Britain's Met Office confirmed 2024's likely breach of 1.5C, while estimating a slightly lower average temperature of 1.53C for the year. U.S. scientists will also publish their 2024 climate data on Friday.

Governments promised under the 2015 Paris Agreement to try to prevent average temperatures exceeding 1.5C, to avoid more severe and costly climate disasters. The first year above 1.5C does not breach that target, which measures the longer-term average temperature. Buontempo said rising greenhouse gas emissions meant the world was on track to soon also blow past the Paris goal - but that it was not too late for countries to rapidly cut emissions to avoid warming rising further to disastrous levels. "It's not a done deal. We have the power to change the trajectory from now on," Buontempo said.

The Biden administration plans one additional round of restrictions on the export of AI chips before leaving office, "a final push in his effort to keep advanced technologies out of the hands of China and Russia," reports Bloomberg. From the report: The US wants to curb the sale of AI chips used in data centers on both a country and company basis, with the goal of concentrating AI development in friendly nations and getting businesses around the world to align with American standards, according to people familiar with the matter. The result would be an expansion of semiconductor caps to most of the world -- an attempt to control the spread of AI technology at a time of soaring demand. The regulations, which could be issued as soon as Friday, would create three tiers of chip trade restrictions, said the people, who asked not to be identified because the discussions are private.

At the top level, a small number of US allies would maintain essentially unmitigated access to American chips. A group of adversaries, meanwhile, would be effectively blocked from importing the semiconductors. And the vast majority of the world would face limits on the total computing power that can go to one country. Countries in the last group would be able to bypass their national limits -- and get their own, significantly higher caps -- by agreeing to a set of US government security requirements and human rights standards, one of the people said. That type of designation -- called a validated end user, or VEU -- aims to create a set of trusted entities that develop and deploy AI in secure environments around the world.

MicroStrategy's bitcoin holdings and a tech investment fund are commanding extraordinary premiums in U.S. markets, highlighting unusual price anomalies reminiscent of past market distortions. MicroStrategy shares are trading at more than double the market value of their main asset -- bitcoin holdings -- while closed-end fund Destiny Tech100 recently traded at 11 times its net asset value, down from 21 times earlier in 2024.

Similar market irregularities have emerged throughout history. In 1923, investor Benjamin Graham profited from a disconnect between DuPont and General Motors shares. During the 1929 bull market, closed-end fund Capital Administration Co. traded at a 1,235% premium to its net asset value. WSJ adds: The PalmPilot during the 1990s and early 2000s was a hand-held device and personal assistant that came with a touch-screen display and a stylus. Palm was the biggest maker of hand-held computer devices, with 70% market share, and it held its initial public offering in March 2000, about a week before the Nasdaq Composite Index's peak during the dot-com bubble.

Palm's shares jumped 150% on their first day of trading, giving Palm a stock-market value of about $53 billion. Palm was still 94%-owned by parent 3Com at the time. Yet on Palm's first day of trading, 3Com's shares fell 21%.

The funny part: According to the stock market, 3Com was worth about $23 billion less than the value of the Palm shares that 3Com owned. This made no sense, yet the valuations remained out of whack for months. In time, both stocks came down to earth, sanity prevailed and the world eventually moved on to smartphones.

Unprecedented January wildfires in Los Angeles signal an emerging pattern of compound climate disasters, as record-breaking Santa Ana winds up to 100 mph combine with the driest start to a winter season in the city's history.

The Palisades and Eaton fires have each burned over 10,000 acres amid drought conditions that climate scientists say are intensified by global warming. The blazes, occurring weeks earlier than historical fire patterns, come just 16 months after Los Angeles experienced its first tropical storm, illustrating what experts describe as increasingly unpredictable weather extremes driven by climate change.

VLC media player, the popular open-source software developed by nonprofit VideoLAN, has topped 6 billion downloads worldwide and teased an AI-powered subtitle system. From a report: The new feature automatically generates real-time subtitles -- which can then also be translated in many languages -- for any video using open-source AI models that run locally on users' devices, eliminating the need for internet connectivity or cloud services, VideoLAN demoed at CES.

Delta Air Lines has partnered with YouTube to provide ad-free YouTube Premium and YouTube Music to SkyMiles members on flights. "The deal includes a selection of curated content from key YouTube creators," notes Variety. The airline also said it would upgrade its fleet with better Wi-Fi and 4K HDR QLED displays, alongside AI-driven enhancements like a personal assistant on the Fly Delta app to improve travel experiences. From the report: Delta executives announced the YouTube deal and other flight-experience enhancements to its Delta Sync platform as the aviation giant gave an expansive presentation Tuesday evening at the Sphere in Las Vegas, in connection with the Consumer Electronics Show. Delta touted plans to mark the company's 100th anniversary this year, noting that it is the first airline to reach the centennial mark.

It's also no surprise that Delta is leaning hard into AI tech. The company hopes its Delta Concierge AI-powered personal assistant feature that is rolling out this year on its Fly Delta app will make strides in improving the overall customer experience. The goal is that with repeated use the Concierge tool will come to anticipate individual consumers' needs and help them streamline the logistics of travel -- or what Delta dubbed "contextualized guidance" on everything from departure gates to baggage claim details to alerting travelers to weather conditions at their destinations. [...]

Mary Ellen Coe, chief business officer of YouTube, emphasized that the ad-free YouTube offering will allow viewers to access streaming content as well as podcasts and music. She also asserted that consumers are increasingly gathering travel tips and inspiration through YouTube creators. "Creators are producing the must-see TV of today," Coe said.

An anonymous reader shares a report: As music sales and streaming revenue reaches a high of $3 billion -- the highest since 2001, not accounting for significant inflation -- the UK video game market, which has grown almost continually for decades, has shrunk by 4.4%. The most significant decline was in boxed video game sales, down 35%.

Data from Digital Entertainment and Retail Association (ERA) puts the total worth of the UK video game market in 2024 at $5.7 billion, double the music market and behind TV and movies at $6.2 billion. The numbers show a shift in players' purchasing habits that has been ongoing for years, from physical games to digital downloads and in-game purchases in popular, established games such as Fortnite and Roblox. Boxed games now account for 27.7% of new game sales in the UK, according to ERA data.

An anonymous reader shares a report: The six biggest banks in the US have all quit the global banking industry's net zero target-setting group, with the imminent inauguration of Donald Trump as president expected to bring political backlash against climate action.

JP Morgan is the latest to withdraw from the UN-sponsored net zero banking alliance (NZBA), following Citigroup, Bank of America, Morgan Stanley, Wells Fargo and Goldman Sachs. All six have left since the start of December. Analysts have said the withdrawals are an attempt to head off "anti-woke" attacks from rightwing US politicians, which are expected to escalate when Trump is sworn in as the country's 47th president in just under a fortnight. Trump's vows to deregulate the energy sector, dismantle environmental rules and "drill, baby, drill," were a big part of his campaign platform and are expected to form a key part of his blueprint for governing the US, the world's biggest oil and gas producer.

China's Xiangshan project aims to deliver a high-performance RISC-V processor by 2025. If it succeeds, it could be "enormously significant" for three reasons, writes The Register's Simon Sharwood. It would elevate RISC-V from low-end silicon to datacenter-level capabilities, leverage the open-source Mulan PSL-2.0 license to disrupt proprietary chip models like Arm and Intel, and reduce China's dependence on foreign technology, mitigating the impact of international sanctions on advanced processors. From the report: The prospect of a 2025 debut appeared on Sunday in a post to Chinese social media service Weibo, penned by Yungang Bao of the Institute of Computing Technology at the Chinese Academy of Sciences. The academy has created a project called Xiangshan that aims to use the permissively licensed RISC-V ISA to create a high-performance chip, with the Scala source code to the designs openly available.

Bao is a leader of the project, and has described the team's ambition to create a company that does for RISC-V what Red Hat did for Linux -- although he said that before Red Hat changed the way it made the source code of RHEL available to the public. The Xiangshan project has previously aspired to six-monthly releases, though it appears its latest design to be taped out was a second-gen chip named Nanhu that emerged in late 2023. That silicon ran at 2GHz and was built on a 14nm process node. The project has since worked on a third-gen design, named Kunminghu, and published the image [here] depicting an overview of its non-trivial micro-architecture.

An anonymous reader quotes a report from Ars Technica: The US Justice Department today announced it filed an antitrust lawsuit against "six of the nation's largest landlords for participating in algorithmic pricing schemes that harmed renters." One of the landlords, Cortland Management, agreed to a settlement "that requires it to cooperate with the government, stop using its competitors' sensitive data to set rents and stop using the same algorithm as its competitors without a corporate monitor," the DOJ said. The pending settlement requires Cortland to "cooperate fully and truthfully... in any civil investigation or civil litigation the United States brings or has brought" on this subject matter.

The US previously sued RealPage, a software maker accused of helping landlords collectively set prices by giving them access to competitors' nonpublic pricing and occupancy information. The original version of the lawsuit described actions by landlords but did not name any as defendants. The Justice Department filed an amended complaint (PDF) today in order to add the landlords as defendants. The landlord defendants are Greystar, LivCor, Camden, Cushman, Willow Bridge, and Cortland, which collectively "operate more than 1.3 million units in 43 states and the District of Columbia," the DOJ said. "The amended complaint alleges that the six landlords actively participated in a scheme to set their rents using each other's competitively sensitive information through common pricing algorithms," the DOJ said. The phrase "price fixing" came up in discussions between landlords, the amended complaint said: "For example, in Minnesota, property managers from Cushman & Wakefield, Greystar, and other landlords regularly discussed competitively sensitive topics, including their future pricing. When a property manager from Greystar remarked that another property manager had declined to fully participate due to 'price fixing laws,' the Cushman & Wakefield property manager replied to Greystar, 'Hmm... Price fixing laws huh? That's a new one! Well, I'm happy to keep sharing so ask away. Hoping we can kick these concessions soon or at least only have you guys be the only ones with big concessions! It's so frustrating to have to offer so much.'"

The Justice Department is joined in the case by the attorneys general of California, Colorado, Connecticut, Illinois, Massachusetts, Minnesota, North Carolina, Oregon, Tennessee, and Washington. The case is in US District Court for the Middle District of North Carolina.

Further reading: Are We Entering an AI Price-Fixing Dystopia?

Thailand has banned plastic waste imports over concerns about toxic pollution, as experts warn that failure to agree a global treaty to cut plastic waste will harm human health. From a report: A law banning imports of plastic waste came into force this month in Thailand, after years of campaigning by activists. Thailand is one of several south-east Asian countries that has historically been paid to receive plastic waste from developed nations. The country became a leading destination for exports of plastic waste from Europe, the US, the UK and Japan in 2018 after China, the world's biggest market for household waste, imposed a ban.

Japan is one of the biggest exporters of waste plastic to Thailand, with about 50m kg exported in 2023. Thai customs officials said more than 1.1m tonnes of plastic scraps were imported between 2018 and 2021. Imports of plastic were often mismanaged in Thailand, with many factories burning the waste rather than recycling it, leading to damage to human health and the environment.

An anonymous reader shares a report: Chinese venture capitalists are hounding failed founders [non-paywalled source], pursuing personal assets and adding the individuals to a national debtor blacklist when they fail to pay up, in moves that are throwing the country's startup funding ecosystem into crisis. The hard-nosed tactics by risk capital providers have been facilitated by clauses known as redemption rights, included in nearly all the financing deals struck during China's boom times.

"My investors verbally promised they wouldn't enforce them, that they had never enforced them before -- and in '17 and '18 that was true -- no one was enforcing them," said Neuroo Education founder Wang Ronghui, who now owes investors millions of dollars after her childcare chain stumbled during the pandemic.

While they are relatively rare in US venture investing, more than 80% of venture and private equity deals in China contain redemption provisions, according to Shanghai-based law firm Lifeng Partners estimates. They typically require companies, and often their founders as well, to buy back investors' shares plus interest if certain targets such as an initial public offering timeline, valuation goals or revenue metrics are not met.

America's aging elevators are facing significant repair delays and rising costs, creating accessibility challenges and leaving vulnerable populations stranded. Experts argue that implementing federal standards and modernizing systems could address these issues. However, fixing the nation's approximately one million elevators is "becoming a heavy lift," reports Axios. From the report: America's aging elevators are time-consuming and costly to fix. The workforce of technicians who know how to fix them is aging. And buildings with elevators in need of repair often need to wait ages for replacement parts due to arcane supply-chain issues. [...] Elevator parts shortages appear to stem largely from two issues: Parts suppliers often prioritize their biggest customers, which in this case happens to be builders in China, where the vast majority of the world's new elevators are installed, according to [Stephen Smith, executive director of the Center for Building in North America]. And parts are often no longer available for aging -- and often obsolete -- elevators, meaning they often have to be custom made.

"In some cases, the entire elevator system may need to be modernized or replaced, leading to substantial costs and potential disruptions to building operations," an advisory called The Elevator Consultants reports. A patchwork of state regulations and union rules make it laborious for building owners and contractors to comply with current standards, according to Smith. who said the U.S. would benefit from federal elevator standards. "The feds have not involved themselves in regulations of the construction industry since Reagan took an axe to it in the 1980s," Smith said. The good news is that "about 80 percent of reliability issues can be solved by replacing the doors," Joseph Bera, at VP at Schindler Elevators, tells commercial real estate publication Propmodo.

A 65-year-old patient in the United States with underlying medical conditions has died from bird flu. According to NBC News, "health officials considered the case to be the "country's first severe human H5N1 infection." From the report: The Louisiana Department of Health said the patient had been exposed to a combination of a backyard flock and wild birds. "The Department expresses its deepest condolences to the patient's family and friends as they mourn the loss of their loved one," it said in a statement. "Due to patient confidentiality and respect for the family, this will be the final update about the patient." All but one of the [67] human bird flu infections confirmed so far in the U.S. were diagnosed in the last 10 months, according to the Centers for Disease Control and Prevention. Most cases have been relatively mild, with symptoms including pinkeye, coughs or sneezes. The majority of the patients became sick after exposure to infected cattle or poultry. The Louisiana patient was the first case linked to exposure to a backyard flock. [...]

The CDC maintains that the immediate risk to public health is low. Public health officials have not found any evidence that the virus has spread person-to-person, which would mark a dire step in bird flu's evolution. "While tragic, a death from H5N1 bird flu in the United States is not unexpected because of the known potential for infection with these viruses to cause severe illness and death," the agency said in a statement on Monday. "There are no concerning virologic changes actively spreading in wild birds, poultry, or cows that would raise the risk to human health," the statement added. However, samples of the virus collected from the Louisiana patient showed signs of mutations that could make it more transmissible to humans, according to the agency.

An anonymous reader quotes a report from Reuters: The U.S. Defense Department said on Monday it has added Chinese tech giants including gaming and social media leader Tencent Holdings and battery maker CATL to a list of firms it says work with China's military. The list also included chip maker Changxin Memory Technologies, Quectel Wireless and drone maker Autel Robotics, according to a document published on Monday. The annually updated list (PDF) of Chinese military companies, formally mandated under U.S. law as the "Section 1260H list," designated 134 companies, according to a notice posted to the Federal Register.

U.S.-traded shares of Tencent, which is also the parent of Chinese instant messaging app WeChat, fell 8% in over-the-counter trading. Tencent said in a statement that its inclusion on the list was "clearly a mistake." It added: "We are not a military company or supplier. Unlike sanctions or export controls, this listing has no impact on our business." CATL called the designation a mistake, saying it "is not engaged in any military related activities." A Quectel spokesperson said the company "does not work with the military in any country and will ask the Pentagon to reconsider its designation, which clearly has been made in error."

While the designation does not involve immediate bans, it can be a blow to the reputations of affected companies and represents a stark warning to U.S. entities and firms about the risks of conducting business with them. It could also add pressure on the Treasury Department to sanction the companies. Two previously listed companies, drone maker DJI and Lidar-maker Hesai Technologies, both sued the Pentagon last year over their previous designations, but remain on the updated list. The Pentagon also removed six companies it said no longer met the requirements for the designation, including AI firm Beijing Megvii Technology, China Railway Construction Corporation Limited, China State Construction Group Co and China Telecommunications Corporation.