Wells Fargo expects more job cuts and higher severance costs in this quarter that ends in three weeks, bank CEO and President Charlie Scharf said Tuesday at an investors conference in New York. He's also betting on AI to drive efficiency and, eventually, further workforce reduction.From a report: "As we've gone through the budgeting process, and even pre AI, we do expect to have less people as we go into next year," Scharf said at the Goldman Sachs Financial Services Conference in New York City. "We'll likely have more severance in the fourth quarter." The fourth quarter runs Oct. 1 through Dec. 31 for the San Francisco-basaed bank. Wells Fargo already has shrunk from 275,000 employees to about 210,000 since Scharf joined the bank in 2019 -- about a 24% decrease. Its largest employee base remains in Charlotte, with about 27,000 workers.

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As the battle over Warner Bros. Discovery grows, two Democratic lawmakers are warning that their party may try to block or unravel any acquisition by Paramount when it returns to power. Semafor: In a letter to the WBD board and Treasury Secretary Scott Bessent first shared with Semafor, Reps. Sam Liccardo (D-Calif.) and Ayanna Pressley (D-Mass.) said they were concerned about the national security risk of letting foreign entities control a large portion of the US entertainment and media industry. They also hinted that a future Democratic Congress and administration could try to unravel any Paramount-WBD deal. "Future Congresses ... will review many of the decisions of the current Administration, and may recommend that regulators push for divestitures, which would undermine the strategic logic of this merger," they wrote. "We urge the Board to weigh these national security and regulatory liabilities in evaluating a transaction burdened by uncertain but potentially extensive mitigation obligations, foreign influence risks, or adverse regulatory action."

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Amazon says it will allow authors to offer their DRM-free ebooks in the EPUB and PDF formats through its self-publishing platform, Kindle Direct Publishing. Starting on January 20, 2026, authors who set their titles as DRM-free will see their books made available in these more open formats. From a report: The decision to use Digital Rights Management (DRM), a copyright protection mechanism, is set by the authors when they publish their ebooks on Amazon's platform. The company notes these changes won't impact previously published titles. If authors want to change the status of older titles, they'll have to log into the Kindle Direct Publishing (KDP) author portal and change an option in the settings. (Instructions on how to make that change are on Amazon's KDP support site here.) This move may actually incentivize authors to apply DRM to their ebooks.

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New submitter emangwiro shares a report: The HDMI Forum, responsible for the HDMI specification, continues to stonewall open source. Valve's Steam Machine theoretically supports HDMI 2.1, but the mini-PC is software-limited to HDMI 2.0. As a result, more than 60 frames per second at 4K resolution are only possible with limitations. In a statement to Ars Technica, a Valve spokesperson confirmed that HDMI 2.1 support is "still a work-in-progress on the software side." "We've been working on trying to unblock things there." The Steam Machine uses an AMD Ryzen APU with a Radeon graphics unit. Valve strictly adheres to open-source drivers, but the HDMI Forum is unwilling to disclose the 2.1 specification. According to Valve, they have validated the HDMI 2.1 hardware under Windows to ensure basic functionality.

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Meta's newly recruited AI "superstars" have developed an us-versus-them mentality against the company's longtime executive leadership, creating internal friction over whether the team should focus on catching up to rivals like OpenAI and Google or improving Meta's core advertising and social media businesses. Alexandr Wang, the 28-year-old entrepreneur Mark Zuckerberg hired in June to be chief AI officer, leads a team called TBD Lab from a siloed space next to Zuckerberg's office. In meetings this fall, Wang privately told people he disagreed with chief product officer Chris Cox and chief technology officer Andrew Bosworth, according to the New York Times. Cox and Bosworth wanted Wang's team to use Instagram and Facebook data to train Meta's new foundational AI model for improving feeds and advertising. Wang pushed back, arguing the goal should be catching up to rival models before focusing on products. TBD Lab researchers view many Meta executives as interested only in the social media business, while the lab's ambition is to create "godlike A.I. superintelligence." Bosworth was recently asked to slash $2 billion from Reality Labs' proposed budget for next year to fund Wang's team -- a claim Meta disputes.

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A study this week has found that shoppers using Instacart are often charged different prices for identical products at the same store at the same time, even when selecting in-store pickup rather than delivery. The Groundwork Collaborative, a progressive policy group, and Consumer Reports organized nearly 200 volunteers across four cities to simultaneously check prices on 20 grocery items. Price differences appeared on nearly three-quarters of the items tested. In one test, more than 40 participants selected the same Safeway in Washington, D.C. and the same brand of eggs. Prices ranged from $3.99 to $4.79 -- a 20% spread. At a Target in North Canton, Ohio, Skippy peanut butter was $2.99 for some shoppers and $3.59 for others. The full 20-item basket varied by about 7% within each store. An Instacart spokeswoman said retailers on its platform set their own prices and that some run short-term, randomized pricing tests. The company said tests were "never based on personal or behavioral characteristics." Instacart acquired Eversight, an AI-driven pricing optimization company, in 2022. A Target spokesman said the company is not affiliated with Instacart and bears no responsibility for prices on the platform. Safeway and parent company Albertson's declined to comment.

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Nvidia has developed location verification technology that could determine which country its AI chips are operating in, Reuters reports, citing a source, a capability that may help address ongoing concerns about the smuggling of advanced semiconductors to restricted markets like China. The feature, which Nvidia has demonstrated privately in recent months but has not released, would be an optional software tool that customers install. It taps into the confidential computing capabilities of Nvidia's GPUs and uses the time delay in communicating with Nvidia-run servers to approximate a chip's location. The technology will first be available on Nvidia's newest Blackwell chips, though the company is examining options for its older Hopper and Ampere generations. U.S. lawmakers and the White House have pushed for location verification measures as the Department of Justice has brought criminal cases against smuggling rings allegedly attempting to move more than $160 million worth of Nvidia chips to China.

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McDonald's has pulled an AI-generated Christmas commercial from YouTube after viewers pushed back on what they called a distasteful, "AI slop"-filled take on the holidays. The 45-second ad, titled "It's the most terrible time of the year," was a satirical look at holiday chaos -- people tripping while carrying overloaded gift bags, getting tangled in lights, burning homemade cookies, starting kitchen fires -- and ended with a suggestion to ditch the madness and hide out at McDonald's until January. The ad was created for McDonald's Netherlands by agency TBWA\NEBOKO and production company Sweetshop, whose Los Angeles-based directing duo Mark Potoka and Matt Spicer shot the film. After the backlash, Sweetshop said it used AI as a tool but emphasized human effort in shaping the final product. "We generated what felt like dailies -- thousands of takes -- then shaped them in the edit just as we would on any high-craft production," the company said. "This wasn't an AI trick. It was a film."

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An anonymous reader quotes a report from Reuters: U.S. Secretary of State Marco Rubio on Tuesday ordered diplomats to return to using Times New Roman font in official communications, calling his predecessor Antony Blinken's decision to adopt Calibri a "wasteful" diversity move, according to an internal department cable seen by Reuters. The department under Blinken in early January 2023 had switched to Calibri, a modern sans-serif font, saying this was a more accessible font for people with disabilities because it did not have the decorative angular features and was the default in Microsoft products. A cable dated December 9 sent to all U.S. diplomatic posts said that typography shapes the professionalism of an official document and Calibri is informal compared to serif typefaces. "To restore decorum and professionalism to the Department's written work products and abolish yet another wasteful DEIA program, the Department is returning to Times New Roman as its standard typeface," the cable said. "This formatting standard aligns with the President's One Voice for America's Foreign Relations directive, underscoring the Department's responsibility to present a unified, professional voice in all communications," it added.

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alternative_right quotes a report from Phys.org: To teach robots how to become tomato pickers, Osaka Metropolitan University Assistant Professor Takuya Fujinaga, Graduate School of Engineering, programmed them to evaluate the ease of harvesting for each tomato before attempting to pick it. Fujinaga's new model uses image recognition paired with statistical analysis to evaluate the optimal approach direction for each fruit. The system involves image processing/vision of the fruit, its stems, and whether it is concealed behind another part of the plant. These factors inform robot control decisions and help it choose the best approach. The model represents a shift in focus from the traditional 'detection/recognition' model to what Fujinaga calls a 'harvest-ease estimation.' "This moves beyond simply asking 'can a robot pick a tomato?' to thinking about 'how likely is a successful pick?', which is more meaningful for real-world farming," he explained. When tested, Fujinaga's new model demonstrated an 81% success rate, far above predictions. Notably, about a quarter of the successes were tomatoes that were successfully harvested from the right or left side that had previously failed to be harvested by a front approach. This suggested that the robot changed its approach direction when it initially struggled to pick the fruit. "This is expected to usher in a new form of agriculture where robots and humans collaborate," said Fujinaga. "Robots will automatically harvest tomatoes that are easy to pick, while humans will handle the more challenging fruits." The findings are published in Smart Agricultural Technology.

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A major scientific report published Tuesday argues that sending astronauts to Mars is justified by the quest to find life and conduct research that robots alone can't achieve. "We're searching for life on Mars," said Dava Newman, a professor in the Department of Aeronautics and Astronautics at Massachusetts Institute of Technology and co-chair of the committee that wrote the report. "The answer to the question 'are we alone' is always going to be 'maybe,' unless it becomes yes." Ars Technica reports: The report, two years in the making and encompassing more than 200 pages, was published by the National Academies of Sciences, Engineering, and Medicine. Essentially, the committee co-chaired by Newman and Linda T. Elkins-Tanton, director of the University of California, Berkeley Space Sciences Laboratory, was asked to identify the highest-priority science objectives for the first human missions to Mars. [...] "There's no turning back," Newman said. "Everyone is inspired by this because it's becoming real. We can get there. Decades ago, we didn't have the technologies. This would have been a study report." The goal of the report is to help build a case for meaningful science to be done on Mars alongside human exploration. The report outlines 11 top-priority science objectives. [...] The committee also looked at different types of campaigns to determine which would be most effective for completing the science objectives noted above. The campaign most likely to be successful, they found, was an initial human landing that lasts 30 days, followed by an uncrewed cargo delivery to facilitate a longer 300-day crewed mission on the surface of Mars. All of these missions would take place in a single exploration zone, about 100 km in diameter, that featured ancient lava flows and dust storms. Notably, the report also addresses the issue of planetary protection, a principle that aims to protect both celestial bodies (i.e., the surface of Mars) and visitors (i.e., astronauts) from biological contamination. [...] In recent years, NASA has been working with the International Committee on Space Research to design a plan in which human landings might occur in some areas of the planet, while other parts of Mars are left in "pristine" condition. The committee said this work should be prioritized to reach a resolution that will further the design of human missions to Mars. "NASA should continue to collaborate on the evolution of planetary protection guidelines, with the goal of enabling human explorers to perform research in regions that could possibly support, or even harbor, life," the report states.

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An anonymous reader quotes a report from the Guardian: The unsustainable production of food and fossil fuels causes $5 billion of environmental damage per hour, according to a major UN report. Ending this harm was a key part of the global transformation of governance, economics and finance required "before collapse becomes inevitable," the experts said. The Global Environment Outlook (GEO) report, which is produced by 200 researchers for the UN Environment Program, said the climate crisis, destruction of nature and pollution could no longer be seen as simply environmental crises. "They are all undermining our economy, food security, water security, human health and they are also [national] security issues, leading to conflict in many parts of the world," said Prof Robert Watson, the co-chair of the assessment. [...] The GEO report is comprehensive -- 1,100 pages this year -- and is usually accompanied by a summary for policymakers, which is agreed by all the world's countries. However, strong objections by countries including Saudi Arabia, Iran, Russia, Turkey and Argentina to references to fossil fuels, plastics, reduced meat in diets and other issues meant no agreement was reached this time. [...] The GEO report emphasized that the costs of action were much less than the costs of inaction in the long term, and estimated the benefits from climate action alone would be worth $20 trillion a year by 2070 and $100 trillion by 2100. "We need visionary countries and private sector [companies] to recognize they will make more profit by addressing these issues rather than ignoring them," Watson said. [...] One of the biggest issues was the $45 trillion a year in environmental damage caused by the burning of coal, oil and gas, and the pollution and destruction of nature caused by industrial agriculture, the report said. The food system carried the largest costs, at $20 trillion, with transport at $13 trillion and fossil-fuel powered electricity at $12 trillion. These costs -- called externalities by economists -- must be priced into energy and food to reflect their real price and shift consumers towards greener choices, Watson said: "So we need social safety nets. We need to make sure that the poorest in society are not harmed by an increase in costs." The report suggests measures such as a universal basic income, taxes on meat and subsidies for healthy, plant-based foods. There were also about $1.5 trillion in environmentally harmful subsidies to fossil fuels, food and mining, the report said. These needed to be removed or repurposed, it added. Watson noted that wind and solar energy was cheaper in many places but held back by vested interests in fossil fuel. The climate crisis may be even worse than thought, he said: "We are likely to be underestimating the magnitude of climate change," with global heating probably at the high end of the projections made by the Intergovernmental Panel on Climate Change. Removing fossil fuel subsidies could cut emissions by a third, the report said.

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OpenAI, alongside Anthropic and Block, have launched the Agentic AI Foundation under the Linux Foundation, describing it as a neutral home for standards as agentic systems move into real production. It may sound well-meaning, but Slashdot reader and NERDS.xyz founder BrianFagioli isn't buying the narrative. In a report for NERDS.xyz, Fagioli writes: Instead of opening models, training data, or anything that would meaningfully shift power toward the community, the companies involved are donating lightweight artifacts like AGENTS.md, MCP, and goose. They're useful, but they're also the safest, least threatening pieces of their ecosystem to "open." From where I sit, it looks like a strategic attempt to lock in influence over emerging standards before truly open projects get a chance to define the space. I see the entire move as smoke and mirrors. With regulators paying closer attention and developer trust slipping, creating a Linux Foundation directed fund gives these companies convenient cover to say they're being transparent and collaborative. But nothing about this structure forces them to share anything substantial, and nothing about it changes the closed nature of their core technology. To me, it looks like Big Tech trying to set the rules of the game early, using the language of openness without actually embracing it. Slashdot readers have seen this pattern before, and this one feels no different.

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Netflix's $72 billion bid to buy Warner Bros Discovery has triggered a consumer class action claiming the merger would crush competition, erase HBO Max as a rival, and hand Netflix control over major franchises. Reuters reports: The proposed class action (PDF) was filed on Monday by a subscriber to Warner Bros-owned HBO Max who said the proposed deal threatened to reduce competition in the U.S. subscription video-on-demand market. "Netflix has demonstrated repeated willingness to raise subscription prices even while facing competition from full-scale rivals such as WBD," the lawsuit said. [...] The lawsuit said the Warner Bros deal would eliminate one of Netflix's closest rivals, HBO Max, and give Netflix control over Warner Bros marquee franchises including Harry Potter, DC Comics and Game of Thrones. On Monday, Paramount Skydance launched a $108 billion hostile bid to buy Warner Bros. Discovery with an all-cash, $30-per-share offer.

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Longtime Slashdot reader Randseed writes: With the likes of Google Nest, Ring, and others cooperating with law enforcement, I started to look for affordable wireless IP security cameras that I can put around my house. Unfortunately, it looks like almost every thing now incorporates some kind of cloud-based slop. All I really want is to put up some cameras, hook them up to my LAN, and install something like ZoneMinder. What are the most economical, wireless IP security cameras that I can set up with my server?

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An anonymous reader quotes a report from Fast Company: More and more people are turning to GoFundMe for help covering the cost of housing, food, and other basic needs. The for-profit crowdfunding platform's annual "Year in Help" report, released Tuesday, underscored ongoing concerns around affordability. The number of fundraisers started to help cover essential expenses such as rent, utilities, and groceries jumped 20%, according to the company's 2025 review, after already quadrupling last year. "Monthly bills" were the second fastest-growing category behind individual support for nonprofits. The number of "essentials" fundraisers has increased over the last three years in all of the company's major English-speaking markets, according to GoFundMe CEO Tim Cadogan. That includes the United States, Canada, United Kingdom and Australia. In the United States, the self-published report comes at the end of a year that has seen weakened wage growth for lower-income workers, sluggish hiring, a rise in the unemployment rate and low consumer confidence in the economy. [...] Among campaigns aimed at addressing broader community needs, food banks were the most common recipient on GoFundMe this year. The platform experienced a nearly sixfold spike in food-related fundraisers between the end of October and first weeks of November, according to Cadogan, as many Americans' monthly SNAP benefits got suddenly cut off during the government shutdown.

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Congress quietly removed provisions that would have let the U.S. military fix its own equipment without relying on contractors, despite bipartisan and Pentagon support. The Register reports: The House and Senate versions of the NDAA passed earlier both included provisions that would have extended common right-to-repair rules to US military branches, requiring defense contractors to provide access to technical data, information, and components that enabled military customers to quickly repair essential equipment. Both of those provisions were stripped from the final joint-chamber reconciled version of the bill, published Monday, right-to-repair advocates at the US Public Interest Research Group (PIRG) pointed out in a press release. [...] According to PIRG's press release on the matter, elected officials have been targeted by an "intensive lobbying push" in recent weeks against the provisions. House Armed Services Committee chair Mike Rogers (R-AL) and ranking Democrat Adam Smith (D-WA), responsible for much of the final version of the bill, have received significant contributions from defense contractors in recent years, and while correlation doesn't equal causation, it sure looks fishy. [Isaac Bowers, PIRG's federal legislative director] did tell us that he was glad that the defense sector's preferred solution to the military right to repair fight -- a "data as a service" solution -- was also excluded, so the 2026 NDAA isn't a total loss for the repairability fight. "That provision would have mandated the Pentagon access repair data through separate vendor contracts rather than receiving it upfront at the time of procurement, maintaining the defense industry's near monopoly over essential repair information and keeping troops waiting for repairs they could do quicker and cheaper themselves," Bowers said in an email. An aide to the Democratic side of the Committee told The Register the House and Senate committees did negotiate a degree of right-to-repair permissions in the NDAA. According to the aide and a review of the final version of the bill, measures were included that require the Defense Department to identify any instances where a lack of technical data hinders operation or maintenance of weapon systems, as well as aviation systems. The bill also includes a provision that would establish a "technical data system" that would "track, manage, and enable the assessment" of data related to system maintenance and repair. Unfortunately, the technical data system portion of the NDAA mentions "authorized repair contractors" as the parties carrying out repair work, and there's also no mention of parts availability or other repairability provisions in the sections the staffer flagged -- just access to technical data. That means the provisions are unlikely to move the armed forces toward a new repairability paradigm.

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Australia's world-first ban blocking under-16s from major social platforms has come into effect. The BBC is live reporting the reactions "both from within Australia and outside it." From the report: I've been speaking to 12-year-old Paloma, who lives in Sydney and says she is "sad" about the ban. She spends between 30 minutes and two hours a day on social media. "I'm upset... because I am part of several communities on Snapchat and TikTok," she tells me. "I've developed good friendships on the apps, with people in the US and New Zealand, who have common interests like gaming, and it makes me feel more connected to the world." Paloma says she regularly talks about the ups and downs of her life with a boy of the same age in New Jersey, in the US, who she knows through gaming and TikTok. "I feel like I can explore my creativity when I am in a community online with people of similar ages," she says. Everyone Paloma knows is "a bit annoyed" about the ban. By stopping them from using social media, she says "the government is taking away a part of ourselves." Two 15-year-olds, Noah Jones and Macy Neyland, backed by a rights group, are arguing at Australia's highest court that the legislation robs them of their right to free communication. The Digital Freedom Project (DFP) announced the case had been filed in the High Court late last month. After news of the case broke, Australia's Communications Minister Anika Wells told parliament the government would not be swayed. "We will not be intimidated by threats. We will not be intimidated by legal challenges. We will not be intimidated by big tech. On behalf of Australian parents, we will stand firm," she said.

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An anonymous reader quotes a report from Bloomberg: Shares of Apple were battered earlier this year as the iPhone maker faced repeated complaints about its lack of an artificial intelligence strategy. But as the AI trade faces increasing scrutiny, that hesitance has gone from a weakness to a strength -- and it's showing up in the stock market. Through the first six months of 2025, Apple was the second-worst performer among the Magnificent Seven tech giants, as its shares tumbled 18% through the end of June. That has reversed since then, with the stock soaring 35%, while AI darlings like Meta Platforms and Microsoft slid into the red and even Nvidia underperformed. The S&P 500 Index rose 10% in that time, and the tech-heavy Nasdaq 100 Index gained 13%. [...] As a result, Apple now has a $4.1 trillion market capitalization and the second biggest weight in the S&P 500, leaping over Microsoft and closing in on Nvidia. The shift reflects the market's questioning of the hundreds of billions of dollars Big Tech firms are throwing at AI development, as well as Apple's positioning to eventually benefit when the technology is ready for mass use. "It is remarkable how they have kept their heads and are in control of spending, when all of their peers have gone the other direction," said John Barr, portfolio manager of the Needham Aggressive Growth Fund. Bill Stone, chief investment officer at Glenview Trust Company, added: "While they most certainly will incorporate more AI into the phones over time, Apple has avoided the AI arms race and the massive capex that accompanies it." His company views Apple's stock as "a bit of an anti-AI holding."

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This year is set to be the world's second or third-warmest on record, potentially surpassed only by 2024'S record-breaking heat, the European Union's Copernicus Climate Change Service (C3S) said on Tuesday. From a report: The data is the latest from C3S following last month's COP30 climate summit, where governments failed to agree to substantial new measures to reduce greenhouse gas emissions, reflecting strained geopolitics as the U.S. rolls back its efforts, and some countries seek to weaken CO2-cutting measures. This year will also likely round out the first three-year period in which the average global temperature exceeded 1.5 degrees Celsius (2.7 degrees Fahrenheit) above the 1850-1900 pre-industrial period, when humans began burning fossil fuels on an industrial scale, C3S said in a monthly bulletin. "These milestones are not abstract -- they reflect the accelerating pace of climate change," said Samantha Burgess, strategic lead for climate at C3S.

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