Once the leading player in the semiconductor industry, the company is attempting to pull off one of tech's most complex turnrounds. From a report: It was nearly a decade ago when Intel, then the undisputed leader in global semiconductor manufacturing, made a fateful decision. A new technology, extreme lithography, was offering a way to pack more computing power on to the silicon wafers from which tiny chips, essential for widely used products like smartphones and PCs, are cut. Using light to etch complicated integrated circuits, EUV promised an unparalleled degree of miniaturisation, but Intel executives believed it would take years for the method to become practical. Instead, they stuck with older manufacturing techniques for their next generation of chips. This turned out to be a historic mistake, one with consequences that are being felt at a time when the US has put advanced chipmaking at the centre of its national industrial policy. Taiwan Semiconductor Manufacturing Company, which adopted EUV in 2019, has leapfrogged Intel to become the world's most advanced chip manufacturer, closely followed by Samsung. Along with other slips, the judgment call has left Intel -- and the US -- scrambling to catch up.

"Hindsight is 20/20," says Ann Kelleher, head of technology development at Intel and the executive charged with restoring the US chipmaker's manufacturing processes. "It's very easy to look back and say, 'If something different was done...'" Intel is today at another crucial juncture. If, as planned, the company finally produces chips made with EUV in large volume later this year, it will be an important step on the road back. Nowhere will progress be watched more anxiously than in Washington, where the Biden administration is facing an imminent decision about how much financial backing to throw behind the company. Last year's US Chips Act committed $52bn in direct subsidies to support semiconductor manufacturing and boost research and development, along with an estimated $24bn worth of tax credits over the next eight years. The law was designed to reverse a slide that has taken the US share of chip production to 12 per cent, from 37 per cent in 1990. The centrepiece of that plan is to bring leading-edge manufacturing back to the US. For better or worse, that leaves Washington with little choice but to bet heavily on Intel, despite it being the laggard in one of the tech world's most important races. Yet falling behind in advanced chip production is not the only problem hanging over Intel.

Big shifts in its customers' needs -- such as the rise of artificial intelligence -- are threatening to sideline its traditional PC and server chips. Its attempt to go into direct competition with TSMC by becoming a so-called chip foundry, manufacturing chips on behalf of other companies, represents the biggest change to its business since it abandoned its original memory chips for processors nearly 40 years ago. To make things even harder, a yawning financial hole has opened up under the company at just the moment it is trying to make up for years of under-investment with a surge in capital spending. The depth of the reversal, which the company says is caused by a temporary inventory correction, shocked Wall Street in January, when Intel warned its revenue would tumble 40 per cent in the first three months of this year. The setbacks mean that a central piece of US industrial policy is now riding on one of the most difficult and complex tech turnrounds ever attempted. As the US Department of Commerce begins to weigh how to distribute the Chips Act subsidies, deciding how fiercely to back Intel will be a central question.:

The SEC is considering reopening the comment period for its proposal last year to re-define the definition of "exchange." From a report: The small proposed change would have sweeping implications for traditional financial firms and crypto -- and specifically decentralized finance (DeFi). The SEC's proposed change to Rule 3b-16 of the Securities Exchange Act would apply the definition of exchange more broadly -- with the Commission arguing that the rule as originally envisioned would've otherwise covered systems like DeFi.

It would touch so-called alternative trading systems, request-for-quote platforms and indication-of-interest platforms, as well as other sorts of messaging ones. "Make no mistake: many crypto-trading platforms already come under the current definition of an exchange and thus have an existing duty to comply with the securities laws," Chairman Gary Gensler said in a statement. "These platforms match orders of multiple buyers and sellers of crypto securities using established, non-discretionary methods. That's the definition of an exchange -- and today, most crypto trading platforms meet it."

The stock market, real estate and cryptocurrencies did poorly in 2022, but the global luxury goods market grew 20 percent. People may have had less, but they spent more on fine arts and collectibles that serve no function except to provide pleasure. From a report: The culture is bursting with new material -- every day, thousands of new books are published and 100,000 new songs are released on Spotify -- but the old stuff offers a sweeter emotional payoff for many. It could be tapes or posters or pictures or comics or coins or sports cards or memorabilia. It might be from their childhood or the childhood they never had, or it might merely express a longing to be anywhere but 2023. The common element is this: People like to own a thing from a thing they love. For Mr. Carlson and millions like him, the nostalgia factory is working overtime.

When Mr. Carlson first began to look for sealed VHS cassettes, they were considered so much plastic trash. "Back to the Future," "The Goonies," "Blade Runner," were about $20 each on eBay. He put them on a shelf, little windows into his past, and started an Instagram account called Rare and Sealed. Then tapes began to get scarcer and much more expensive. People trapped at home had lots of money to spend during the pandemic. But it was more than that. Objects with a bit of history have an obvious attraction in a high-tech world. The current cultural tumult, with its boom in fake images, endless arguments over everything and now the debut of imperious A.I. chatbots, increases the appeal of things that can't be plugged in. At the same time, advances in technology mean it is ever easier to buy expensive things online. Bids at auctions routinely reach tens, even hundreds, of thousands of dollars.

Andrew Cunningham writes via Ars Technica: Microsoft is aware of the problems running Windows on the Steam Deck and other similar handheld Windows PCs, and at least some developers inside the company have spent time thinking of ways to address them. That's the thrust of a leaked presentation (posted in two parts by Twitter user _h0x0d_) about a new "Handheld Mode" for Windows, developed as part of an internal Microsoft hackathon in September 2022.

As presented, Handheld Mode includes several components: a new first-time setup screen that simplifies driver installation and setup; an improved touchscreen keyboard that fits better on a 7-inch screen and can be controlled Xbox-style with the built-in buttons and joysticks; a simplified Nintendo Switch-esque game launcher; and improved OS-wide controller support thanks to the open source Steamdeck Windows Controller Driver (SWICD) project. The presentation also calls for other changes to Windows' default behaviors, like always opening apps in full-screen mode when in Handheld Mode, better UI scaling for small screens, and "mapping of controls to common Windows functions."

Instant messaging platform Discord says it was cooperating with U.S. law enforcement's investigation into a leak of secret U.S. documents that has grabbed attention around the world. From a report: The statement comes as questions continue to swirl over who leaked the documents, whether they are genuine and whether the intelligence assessments in them are reliable. The documents, which carry markings suggesting that they are highly classified, have led to a string of stories about the war in Ukraine, protests in Israel and how the U.S. surveils friend and foe alike. The source of the documents is not publicly known, but reporting by the open-source investigative site Bellingcat has traced their earliest appearance to Discord, a communications platform popular with gamers. Discord's statement suggested it was already in touch with investigators. The White House also urged social media companies on Thursday to prevent the circulation of information that could hurt national security.

An anonymous reader quotes a report from the New York Times: The leader of a small online gaming chat group where a trove of classified U.S. intelligence documents leaked over the last few months is a 21-year-old member of the intelligence wing of the Massachusetts Air National Guard, according to interviews and documents reviewed by The New York Times. The National Guardsman, whose name is Jack Teixeira, oversaw a private online group called Thug Shaker Central, where about 20 to 30 people, mostly young men and teenagers, came together over a shared love of guns, racist online memes and video games. On Thursday afternoon, about a half-dozen F.B.I. agents pushed into a residence in North Dighton, Mass. Attorney General Merrick B. Garland later said in a short statement that Airman Teixeira had been arrested "without incident." Federal investigators had been searching for days for the person who leaked the top secret documents online.

Starting months ago, one of the users uploaded hundreds of pages of intelligence briefings into the small chat group, lecturing its members, who had bonded during the isolation of the pandemic, on the importance of staying abreast of world events. [...] The Times spoke with four members of Thug Shaker Central, one of whom said he had known the person who leaked for at least three years, had met him in person and referred to him as the O.G. The friends described him as older than most of the group members, who were in their teens, and the undisputed leader. One of the friends said the O.G. had access to intelligence documents through his job. While the gaming friends would not identify the group's leader by name, a trail of digital evidence compiled by The Times leads to Airman Teixeira. The Times has been able to link Airman Teixeira to other members of Thug Shaker Central through his online gaming profile and other records. Details of the interior of Airman Teixeira's childhood home -- posted on social media in family photographs -- also match details on the margins of some of the photographs of the leaked secret documents.

Members of Thug Shaker Central who spoke to The Times said that the documents they discussed online were meant to be purely informative. While many pertained to the war in Ukraine, the members said they took no side in the conflict. The documents, they said, started to get wider attention only when one of the teenage members of the group took a few dozen of them and posted them to a public online forum. From there they were picked up by Russian-language Telegram channels and then The Times, which first reported on them. The person who leaked, they said, was no whistle-blower, and the secret documents were never meant to leave their small corner of the internet. "This guy was a Christian, antiwar, just wanted to inform some of his friends about what's going on," said one of the person's friends from the community, a 17-year-old recent high school graduate. "We have some people in our group who are in Ukraine. We like fighting games; we like war games."

Federal authorities are making arrests and seizing funds with the help of new tools to identify criminals through cryptocurrency transactions. From a report: James Zhong appeared to have pulled off the perfect crime. In December 2012, he stumbled upon a software bug while withdrawing money from his account on Silk Road, an online marketplace used to hide criminal dealings behind the seemingly bulletproof anonymity of blockchain transactions and the dark web. Mr. Zhong, a 22-year-old University of Georgia computer-science student at the time, used the site to buy cocaine. "I accidentally double-clicked the withdraw button and was shocked to discover that it resulted in allowing me to withdraw double the amount of bitcoin I had deposited," he later said in federal court. After the first fraudulent withdrawal, Mr. Zhong created new accounts and with a few hours of work stole 50,000 bitcoins worth around $600,000, court papers from federal prosecutors show.

Federal officials closed Silk Road a year later on criminal grounds and seized computers that held its transaction records. The records didn't reveal Mr. Zhong's caper at first. Authorities hadn't yet mastered how to track people and groups hidden behind blockchain wallet addresses, the series of letters and numbers used to anonymously send and receive cryptocurrency. One elemental feature of the system was the privacy it gave users. Mr. Zhong moved the stolen bitcoins from one account to another for eight years to cover his tracks. By late 2021, the red-hot crypto market had raised the value of his trove to $3.4 billion. In November 2021, federal agents surprised Mr. Zhong with a search warrant and found the digital keys to his crypto fortune hidden in a basement floor safe and a popcorn tin in the bathroom. Mr. Zhong, who pleaded guilty to wire fraud, is scheduled to be sentenced Friday in New York federal court, where prosecutors are seeking a prison sentence of less than two years.

Mr. Zhong's case is one of the highest-profile examples of how federal authorities have pierced the veil of blockchain transactions. Private and government investigators can now identify wallet addresses associated with terrorists, drug traffickers, money launderers and cybercriminals, all of which were supposed to be anonymous. Law-enforcement agencies, working with cryptocurrency exchanges and blockchain-analytics companies, have compiled data gleaned from earlier investigations, including the Silk Road case, to map the flow of cryptocurrency transactions across criminal networks worldwide. In the past two years, the U.S. has seized more than $10 billion worth of digital currency through successful prosecutions, according to the Internal Revenue Service -- in essence, by following the money. Instead of subpoenas to banks or other financial institutions, investigators can look to the blockchain for an instant snapshot of the money trail.

Google has announced that it'll shut down Currents, which was introduced in 2019 as a replacement for Google Plus for G Suite. From a report: In a blog post, the company says it's "planning to wind down" Currents, and that it'll push the people who were using it to Spaces, which is sort of like Google Chat's version of a Slack channel or Discord room. Google says that it's making the change so users won't have to work in a "separate, siloed destination" -- instead, they'll be using Chat and Spaces, which will soon be prominently integrated into Gmail. Google says it will begin winding down Currents on July 5th, with data available for export until August 8th, 2023, when it will no longer be available.

Chinese ride-hailing giant Didi Global said on Thursday that it is working with Chinese carmakers to develop its own robotaxis, which it aims to put into service by 2025, revealing a concept one with robotic arms it called "Didi Neuron." From a report: The company said that it is collaborating with multiple new energy carmakers in China on developing robotaxis. "We hope they can enter Didi's network and provide services by 2025," Didi Autonomous Driving COO Meng Xing said at a company event that was livestreamed online. "We hope they will be domestically produced. We hope the supply chain is controllable, and even 90% of the key components inside can be domestically produced," he said. He also showed off a robotaxi concept car called "Didi Neuron", with robotic arms that can help passengers pick up luggage.

The Ethereum blockchain, the most important commercial highway in the digital-asset sector, successfully implemented a widely anticipated software upgrade. From a report: The so-called Shanghai update enables investors to queue up to withdraw Ether coins that they had pledged to help operate the network in return for rewards, a process called staking. Tim Beiko, who helps to co-ordinate the development of Ethereum, posted on Twitter on Wednesday that the upgrade is now "official." The network revamp -- also known as Shapella -- is designed to let people exit an Ether staking investment and has stirred debate on whether the appeal of the largest token after Bitcoin will increase over time.

"Ethereum is updating and navigating with great skill -- so far anyway -- and cementing its position as the No. 2 crypto," said Aaron Brown, a crypto investor who writes for Bloomberg Opinion. He added that the network is "moving to the future much faster than Bitcoin." About 1.2 million of Ether tokens -- worth approximately $2.3 billion at current prices -- are expected to be withdrawn over the next five days, according to researcher Coin Metrics. Some $36.7 billion of Ether is locked up for staking, data from Staking Rewards shows.

According to a recent study involving a sample of 28,646 Chinese people, high-speed rail projects were found to increase individual happiness, albeit not by much. An anonymous reader shares an excerpt from a Motherboard article: It can increase happiness, especially for people who live in regional capitals, rural areas, men and the elderly, but only by an increase of .076 on the happiness scale of one to five. To put it another way, as the study does, "The coefficient accounts for 1.997 percent of the mean of happiness." This is statistically significant, in the strict definition of whether results are due to chance, and therefore a publishable scientific finding. But it is hardly meaningful in terms of how much high speed rail influences the happiness of Chinese people. I mean, come on. Two measly percent?

In the "policy implications" section, the study authors pose a tantalizing question: "What is the significance of economic growth if it cannot effectively improve residents' happiness?" While the two percent happiness finding may be marginal, they're at least asking the right questions.

Now Australian online businesses that put up hurdles to make it harder for customers to unsubscribe from their services may face a crackdown from the federal government, with plans to be unveiled later this year. The Guardian reports: The practice of "forced continuity" or "subscription trapping" involves building design features of a website or app in a way that impedes a customer's ability to cancel a particular service. The chair of the Australian Competition and Consumer Commission (ACCC), Gina Cass-Gottlieb, said in a speech to the National Press Club on Wednesday a prohibition on unfair trade practices would help protect consumers and small businesses "exposed to manipulative practices designed to get them to agree to unfair or unfavorable contract terms".

The consumer watchdog has called for new powers in Australian consumer law to crack down on such practices since 2017. A spokesperson for the regulator said subscription traps can cause "significant harm to consumers and some small businesses." "These practices make it difficult for consumers to cancel subscriptions after fixed-term periods, with the consequence that many subscriptions roll over to paid subscriptions despite consumers no longer utilizing or wanting them," the spokesperson said. The report cites a discrepancy in the steps required to canceled an Amazon Prime subscription. In Europe, "there is a simple two-step process," reports the Guardian. "But customers in Australia must navigate four convoluted steps, with the wording and location of the cancellation button changing between each screen."

This is due to Australia's lack of unfair trading practices laws that exist in Europe and other countries.

An anonymous reader quotes a report from Ars Technica: An Amsterdam court today ordered one of the largest adult entertainment websites, xHamster, to remove all amateur footage showing recognizable people in the Netherlands who did not consent to be featured on the site. The ruling followed complaints raised by the Expertise Bureau for Online Child Abuse, known as EOKM, which identified 10 videos where xHamster could not verify it had secured permission from amateur performers to post. The court found that this violated European privacy laws and conflicted with a prior judgment from the Amsterdam court requiring porn sites to receive permission from all performers recognizably featured before posting amateur videos.

According to EOKM director Arda Gerkens, this ruling will require xHamster to clean up its site and is part of EOKM's larger plan to stop all porn sites from distributing amateur footage without consent. The Amsterdam court has given xHamster three weeks to comply with the order and remove all footage posted without consent, or face maximum fines per video up to $32,000 daily. Lawyers assisting EOKM on the case said the verdict had "major consequences for the entire porn industry," including bigger sites like Pornhub, which already was required to remove 10 million videos, as Vice reported in 2020. "Now it's xHamster's turn," Otto Volgenant of Boekx Advocaten said in EOKM's press release, noting that 30 million people visit xHamster daily.

On xHamster, only professional producers and verified members can upload content. The website requires everyone who creates an account to upload an ID and share a selfie to become verified. Before any verified member's upload is made public, xHamster moderators -- a team of 28 who use software approved by EOKM to identify illegal content -- conduct a review to block any illegal content. The website's terms of service require that each uploader provides a consent form from each person recognizably featured in all amateur content. Hammy Media told the court that it had already removed all violating content that EOKM had flagged in the case and provided assurances that moderators check to ensure the uploader is the same person as the performer. However, in his order, judge RA Dudok van Heel wrote that "it is sufficiently plausible for the time being that a large amount of footage is being made public on xhamster.com, of which it cannot be demonstrated that permission has been obtained from the persons who appear recognizable in the picture."

The first beta of Google's Android 14 OS is available to download today, introducing new features focused on system navigation, privacy, performance, and user customization. From a report We already had a good idea of what to expect thanks to the first two developer-only previews, but the beta release is the first opportunity for the general public to test the changes. Gesture navigation has been updated to include a more conspicuous Material You-themed back arrow that adjusts to complement the device's theme or wallpaper. Aside from arguably being more aesthetically pleasing, the updated back arrow is designed to help users better understand Android 14's predictive back gesture experience, which now previews the screen users are navigating to within applications.

Android 14 also introduces a new system share sheet -- the page that opens when you tap to share content. This allows developers to add custom app-specific actions to the top of the share menu. Google describes this as a "superior" experience compared to the existing Android share sheets in which share targets (the app you're sharing content to) are always sorted alphabetically. The new share sheet also uses more app signals to determine where the direct share targets that appear toward the top of the page should rank (though it's not clear what exactly those signals are).

The U.S. Environmental Protection Agency (EPA) on Wednesday proposed sweeping emissions cuts for new cars and trucks through 2032, a move it says could mean two out of every three new vehicles automakers sell will be electric within a decade. From a report: The proposal, if finalized, represents the most aggressive U.S. vehicle emissions reduction plan to date, requiring 13% annual average pollution cuts and a 56% reduction in projected fleet average emissions over 2026 requirements. The EPA is also proposing new stricter emissions standards for medium-duty and heavy-duty trucks through 2032.

The EPA projects the 2027-2032 model year rules would cut more than 9 billion tons of CO2 emissions through 2055 - equivalent to more than twice total U.S. CO2 emissions last year. Automakers and environmentalists say the administration is moving quickly in order to finalize new rules by early 2024 to make it much harder for a future Congress or president to reverse them. Then President Donald Trump rolled back tough emissions limits through 2025 set under Barack Obama but the Biden administration reversed the rollback. The agency estimates net benefits through 2055 from the proposal range from $850 billion to $1.6 trillion. By 2032 the proposal would cost about $1,200 per vehicle per manufacturer, but save an owner more than $9,000 on average on fuel, maintenance, and repair costs over an eight-year period.

An anonymous reader shares a report: About a year ago, Google announced its Assured Open Source Software (Assured OSS) service, a service that helps developers defend against supply chain security attacks by regularly scanning and analyzing some of the world's most popular software libraries for vulnerabilities. Today, Google is launching Assured OSS into general availability with support for well over a thousand Java and Python packages -- and while Google didn't initially disclose pricing when it first announced the service, the company has now revealed that it will be available for free.

Software development has long depended on third-party libraries (which are often maintained by only a single developer), but it wasn't until the industry got hit with a number of high-profile exploits that everyone (including the White House) perked up and started taking software supply chain security seriously. Now, you can't attend an open source conference without hearing about Software Bills of Materials (SBOMs), artifact registries and similar topics. It's no surprise then that Google, which has long been at the forefront of releasing open-source products, launched a service like Assured OSS.

Google promises that it will constantly keep these libraries up to date (without creating forks) and continuously scan for known vulnerabilities, do fuzz tests to discover new ones and then fix these issues and contribute these fixes back upstream. The company notes that when it first launched the service with around 250 Java libraries, it was responsible for discovering 48% of the new CVEs for these libraries and subsequently addressing them.

In the never-ending battle against online impersonation scams, the professional social media platform LinkedIn announced today a set of new verification features that enable users to authenticate aspects of their identities and job histories. From a report: Crucially, users will now have a few different options to verify their identity and current jobs on LinkedIn. That way, if someone tries to make a copycat LinkedIn account, there can be clear differences between the imposter account and the verified profile. LinkedIn facilitates verification in three ways that are all free to individual users. The most low-key option launching today is to verify your current employer by receiving a security code on your work email and entering it into LinkedIn. The social media platform has recently been piloting this work email verification feature with a small group of companies.

The second option is to verify your identity on LinkedIn through the airport security service Clear. The authentication company will take your United States phone number and government-issued ID and use the information to verify your name. You have to weigh whether you want to trust a third party like Clear with your personal data, but the option might be particularly appealing if you already use the company for travel verification and they have your data on file anyway. The third verification feature allows users to confirm their name and current employer through the Microsoft Entra Verified ID credential, a workplace identification platform Microsoft launched last year. This option will have a slower rollout, and it will be available at the end of the month to employees at a few dozen pilot companies that are already enrolled in Entra.

The company behind the Raspberry Pi line of computers has raised fresh investment from Sony's semiconductor unit, in a deal aimed at advancing its efforts in artificial intelligence. From a report: Sony Semiconductor Solutions, a subsidiary of Sony Corporation, invested an undisclosed amount in Raspberry Pi Ltd, the trading company of Raspberry Pi, the company said in a statement on Wednesday. The extent of the funding was not revealed, but Eben Upton, Raspberry Pi's co-founder and CEO, said that the firm raised the cash at the same $500 million valuation it was worth in a 2021 funding round, when it brought in $45 million.

Upton established Raspberry Pi in 2012 with the aim of making computing more accessible to young people. Raspberry Pi's tiny single-board computers are the size of a credit card and have been used to build everything from high-altitude balloons to small radio-controlled submarines. Raspberry Pi's customers were mainly hobbyists and teachers in the early days. The company has since become a more active player in the enterprise -- in a typical year, roughly 70% of its sales now come from commercial customers embedding its products into factories or consumer devices, Upton told CNBC.

Ford said Tuesday it will spend $1.34 billion (C$1.8B) to turn its 70-year-old Oakville facility in Canada into an assembly plant for its next-generation of electric vehicles. TechCrunch reports: The campus, which first opened in 1953, will be renamed Oakville Electric Vehicle Complex. The company said Tuesday it will begin modernizing the 487-acre site in the second quarter of 2024. The upgrade includes completely retooling the facility that currently produces the internal combustion engine-powered Ford Edge and Lincoln Nautilus to own that only produces EVs. This is the first time that Ford has completely retooled an existing plant for EVs in North America.

Ford also plans to add a 407,000-square-foot battery plant that will use cells and arrays from its BlueOval SK Battery Park in Kentucky. Workers will assemble the components into battery packs and then install them into EVs produced at the plant. "I'm most excited for the world to see the incredible next-generation electric and fully digitally connected vehicles produced in Oakville," CEO Jim Farley said in a statement.

An anonymous reader writes: Windows users don't like it when Microsoft changes long-used and familiar functions in its OS, so altering something that's been the same for 28 years is always going to bring controversy. Nevertheless, it seems that the Redmond firm is planning on changing the Print Screen button into a key that opens the Windows 11 Snipping Tool. The Print Screen button has performed the same function in the Windows operating system since Windows 95: taking a screenshot of the current screen and copying it to the clipboard, usually so it can be edited in another program. But Windows Latest discovered that Microsoft is changing the default function of the Print Screen key in Windows 11. In the Windows 11 Beta preview builds 22621.1546 and 22624.1546, hitting the key will open the Windows Snipping Tool, Windows' built-in screenshotting tool that's currently accessed by pressing the Windows logo Key + Shift + S.