Nine major European banks are creating a Netherlands-based company to launch a euro-backed stablecoin in 2026, aiming to counter U.S. dominance in the digital token market. Reuters reports: While global stablecoin issuance stands at nearly $300 billion, euro-denominated stablecoins totalled just $620 million, according to figures released last week by the Bank of Italy, with dollar-pegged tokens overwhelmingly dominant. "The initiative will provide a real European alternative to the U.S.-dominated stablecoin market, contributing to Europe's strategic autonomy in payments," the banks said. They launched the effort, which they said will create a token that can be used for quick, low-cost payments and settlements, even as the European Central Bank voices scepticism over stablecoins. ECB President Christine Lagarde in June told European policymakers that privately issued stablecoins posed risks for monetary policy and financial stability. As a safer alternative, she has urged European lawmakers to introduce legislation backing the launch of a digital version of the EU's single currency. Some commercial banks, however, have pushed back against the introduction of a digital euro, fearing that it would empty their coffers as customers transfer cash out of banks and into the safety of an ECB-guaranteed wallet. In addition to ING and UniCredit, the other banks participating in the new company include Banca Sella, KBC, DekaBank, Danske Bank, SEB, Caixabank, and Raiffeisen Bank International. They said that others could join the initiative, and a CEO for the company would be appointed soon. According to a recent report by Deutsche Bank, emerging market economies are adopting dollar-based stablecoins to replace local deposits and cash. "This has created a global monetary dilemma: countries should adopt stablecoins or risk being left behind. Europe is under particular pressure."

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Spotify says it has has removed over 75 million fraudulent tracks in the past year as it works to combat "AI slop," deepfake impersonations, and spam uploads. Variety reports: Its new protections include a policy to police unauthorized vocal impersonation ("deepfakes") and fraudulent music uploaded to artists' official profiles; an enhanced spam filter to prevent mass uploads, duplicates, SEO hacks, artificially short tracks designed to fraudulently boost streaming numbers and payments. The company also says it's collaborating with industry partners to devise an industry standard in a song's credits to "clearly indicate where and how AI played a role in the creation of a track." "The pace of recent advances in generative AI technology has felt quick and at times unsettling, especially for creatives," the company writes in a just-published post on its official blog. "At its best, AI is unlocking incredible new ways for artists to create music and for listeners to discover it. At its worst, AI can be used by bad actors and content farms to confuse or deceive listeners, push 'slop' into the ecosystem, and interfere with authentic artists working to build their careers. The future of the music industry is being written, and we believe that aggressively protecting against the worst parts of Gen AI is essential to enabling its potential for artists and producers." In a press briefing on Wednesday, Spotify VP and Global Head of Music Product Charlie Hellman said, "I want to be clear about one thing: We're not here to punish artists for using AI authentically and responsibly. We hope that they will enable them to be more creative than ever. But we are here to stop the bad actors who are gaming the system. And we can only benefit from all that good side if we aggressively protect against the bad side."

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Doug Bowser, president of Nintendo of America since 2019, will retire at the end of 2025 after overseeing major expansions including theme parks, films, and the launch of the Switch 2. He will be succeeded by Devon Pritchard, while Satoru Shibata will also take on a CEO role at Nintendo of America. "One of my earliest video game experiences was playing the arcade version of Donkey Kong," Bowser said in a statement. "Since that time, all things Nintendo have continued to be a passion for both me and my family. Leading Nintendo of America has been the honor of a lifetime, and I am proud of what our team has accomplished in both business results and the experiences we've created for consumers." Pritchard said that "Doug has been a fantastic mentor" and that he looks forward to "building on the incredible foundation he has helped establish."

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An anonymous reader quotes a report from TechCrunch: A viral app called Neon, which offers to record your phone calls and pay you for the audio so it can sell that data to AI companies, has rapidly risen to the ranks of the top-five free iPhone apps since its launch last week. The app already has thousands of users and was downloaded 75,000 times yesterday alone, according to app intelligence provider Appfigures. Neon pitches itself as a way for users to make by providing call recordings that help train, improve, and test AI models. But now Neon has gone offline, at least for now, after a security flaw allowed anyone to access the phone numbers, call recordings, and transcripts of any other user, TechCrunch can now report. TechCrunch discovered the security flaw during a short test of the app on Thursday. We alerted the app's founder, Alex Kiam (who previously did not respond to a request for comment about the app), to the flaw soon after our discovery. Kiam told TechCrunch later Thursday that he took down the app's servers and began notifying users about pausing the app, but fell short of informing his users about the security lapse. The Neon app stopped functioning soon after we contacted Kiam. TechCrunch found that the app's backend services didn't properly restrict access, allowing any logged-in user to request and receive data belong to other users. This included call transcripts, raw call recordings, and sensitive metadata, including phone numbers, the date/time of calls, and their durations.

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Google has asked the U.S. Supreme Court to pause a judge's order requiring major changes to its Play Store after losing an antitrust case to Epic Games. The injunction would force Google to allow rival app stores, external billing links, and broader competition -- changes Google says could harm users and developers. Epic argues they're necessary to break Google's monopoly. Reuters reports: Google said it has urged the U.S. Supreme Court to halt key parts of a judge's order that would force major changes to its app store Play, as it prepares to appeal a decision in a lawsuit brought by "Fortnite" maker Epic Games. Google called the judge's order unprecedented, and said it would cause reputational harm, safety and security risks and put the company at a competitive disadvantage if allowed to take effect, according to a filing, opens new tab provided late on Wednesday by Google, which said it had submitted it to the court. [...] Google in its Supreme Court filing said that the changes will have enormous consequences for more than 100 million U.S. Android users and 500,000 developers. It asked the court to decide by October 17 whether to put the order on hold. Google said it plans to file its appeal to the Supreme Court by October 27, which could allow the justices to take up the case during their nine-month term that begins on October 6. Epic in a statement said Google is relying on what it called "flawed security claims" to justify its control over Android devices. "The court's injunction should go into effect as ordered so consumers and developers can benefit from competition, choices and lower prices," Epic said. The jury, siding with Epic in the trial, found that Google illegally stifled competition. Donato subsequently issued the order directing Google to make changes to its app store.

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OpenAI introduced Pulse, a new ChatGPT feature that generates five to ten personalized daily reports overnight for Pro users on its $200/month plan. The goal is to eventually expand beyond summaries to agent-like tasks. TechCrunch reports: Pulse offers users five to 10 briefs that can get them up to speed on their day and is aimed at encouraging users to check ChatGPT first thing in the morning -- much like they would check social media or a news app. "We're building AI that lets us take the level of support that only the wealthiest have been able to afford and make it available to everyone over time," said OpenAI's new CEO of Applications, Fidji Simo, in a blog post. "And ChatGPT Pulse is the first step in that direction -- starting with Pro users today, but with the goal of rolling out this intelligence to all." Starting Thursday, OpenAI will roll out Pulse for subscribers to its $200-a-month Pro plan, for whom it will appear as a new tab in the ChatGPT app. The company says it would like to launch Pulse to all ChatGPT users in the future, with Plus subscribers to get access soon, but it first needs to make the product more efficient. Pulse's reports can be roundups of news articles on a specific topic -- like updates on a specific sports team -- as well as more personalized briefs based on a user's context.

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Ruby Central, a non-profit organization committed to "driving innovation and building community within the Ruby programming ecosystem since 2001," removed all RubyGems maintainers from the project's GitHub repository on September 18, granting administrative access exclusively to its employees and contractors following alleged pressure from Shopify, one of its biggest backers, according to Ruby developer Joel Drapper. The nonprofit organization, which operates RubyConf and RailsConf, cited fiduciary responsibility and supply chain security concerns following a recent audit. The controversy began September 9 when HSBT (Hiroshi Shibata), a Ruby infrastructure maintainer, renamed the RubyGems GitHub enterprise to "Ruby Central" and added Director of Open Source Marty Haught as owner while demoting other maintainers. The action allegedly followed Shopify's threat to cut funding unless Ruby Central assumed full ownership of RubyGems and Bundler. Ruby Central had reportedly become financially dependent on Shopify after Sidekiq withdrew $250,000 annual sponsorship over the organization platforming Rails creator DHH at RailsConf 2025. Andre Arko, a veteran contributor on-call for RubyGems.org at the time, was among those removed. Maintainer Ellen Dash has characterized the action as a "hostile takeover" and also resigned. Executive Director Shan Cureton acknowledged poor communication in a YouTube video Monday, stating removals were temporary while finalizing operator agreements. Arko and others are launching Spinel, an alternative Ruby tooling project, though Shopify's Rafael Franca commented that Spinel admins shouldn't be trusted to avoid "sabotaging rubygems or bundler."

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An anonymous reader quotes a report from Ars Technica: With AI chatbots growing in popular usage, it was only a matter of time before large numbers of people began applying them to the stock market. In fact, at least 1 in 10 retail investors now consult ChatGPT or other AI chatbots for stock-picking advice, according to a Reuters report published Thursday. Data from a survey by trading platform eToro of 11,000 retail investors worldwide suggests that 13 percent of individual investors already use AI tools like ChatGPT or Google's Gemini for stock selection, while about half say they would consider using these tools for portfolio decisions. Unlike algorithmic trading, where computers automatically execute thousands of trades per second, investors are using ChatGPT as an advisory tool in place of human experts. They type questions, read the AI model's analysis, and then manually decide whether to place trades through their brokers. Reuters spoke with Jeremy Leung, who analyzed companies for investment bank UBS for almost two decades. Leung now relies on ChatGPT for his multi-asset portfolio. "I no longer have the luxury of a Bloomberg terminal, or those kinds of market-data services which are very, very expensive," Leung told Reuters. "Even the simple ChatGPT tool can do a lot and replicate a lot of the workflows that I used to do." Reuters reports that financial products comparison website Finder asked ChatGPT in March 2023 to select stocks from high-quality businesses based on criteria like debt levels and sustained growth. Since then, the resulting 38-stock portfolio has reportedly grown in value nearly 55 percent. That performance beat the average of the UK's 10 most popular funds by almost 19 percentage points. But there's a huge caveat to that kind of AI success story: US stocks sit near record highs, Reuters notes, with the S&P 500 index up 13 percent this year after surging 23 percent last year. Those are conditions that can make almost any stock-picking strategy look smart. Reuters frames the AI trading advice trend as a case of new technology tools "democratizing," or opening up, investment analysis once reserved for institutional investors with expensive data terminals. But experts warn that AI models can confabulate financial data and lack access to real-time market information, making them risky substitutes for professional advice. "AI models can be brilliant," Dan Moczulski, UK managing director at eToro, told Reuters. "The risk comes when people treat generic models like ChatGPT or Gemini as crystal balls." He noted that general AI models "can misquote figures and dates, lean too hard on a pre-established narrative, and overly rely on past price action to attempt to predict the future."

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An anonymous reader shares a report: Senators are demanding answers from Big Tech companies accused of "filing thousands of H-1B skilled labor visa petitions after conducting mass layoffs of American employees." In letters sent to Amazon, Meta, Apple, Google, and Microsoft -- among some of the largest sponsors of H-1B visas -- Senators Chuck Grassley (R-Iowa) and Dick Durbin (D-Ill.) requested "information and data from each company regarding their recruitment and hiring practices, as well as any variation in salary and benefits between H-1B visa holders and American employees." The letters came shortly after Grassley sent a letter to Department of Homeland Security Secretary Kristi Noem requesting that DHS stop "issuing work authorizations to student visa holders." According to Grassley, "foreign student work authorizations put America at risk of technological and corporate espionage," in addition to allegedly "contributing to rising unemployment rates among college-educated Americans." [...] In the letters to tech firms, senators emphasized that the unemployment rate in America's tech sector is "well above" the overall jobless rate. Amazon perhaps faces the most scrutiny. US Citizenship and Immigration Services data showed that Amazon sponsored the most H-1B visas in 2024 at 14,000, compared to other criticized firms like Microsoft and Meta, which each sponsored 5,000, The Wall Street Journal reported. Senators alleged that Amazon blamed layoffs of "tens of thousands" on the "adoption of generative AI tools," then hired more than 10,000 foreign H-1B employees in 2025.

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Microsoft has disabled the Israeli Defense Ministry's access to certain services and subscriptions, after finding evidence that the ministry used the tech company's cloud services to surveil Gaza citizens. WSJ adds: The software company made the move after an internal investigation indicated Israel's Defense Ministry used Microsoft's Azure cloud services for surveillance, according to a person familiar with the matter. The company probe is ongoing. "As employees, we all have a shared interest in privacy protection, given the business value it creates by ensuring our customers can rely on our services with rock solid trust," Microsoft President Brad Smith said in a blog post Thursday on Microsoft's company website. Smith said Microsoft's investigation was guided by the company's "longstanding protection of privacy as a fundamental right." Microsoft opened the probe after the Guardian, the British news organization, reported in August that Israel used Azure to store data on Gaza civilians and surveil them. The issue has been the source of protests at the company.

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Cloudflare announced plans Thursday to launch NET Dollar, a U.S. dollar-backed stablecoin designed to enable autonomous AI agents to conduct instant financial transactions. The company says the stablecoin will support microtransactions and pay-per-use models as AI agents take over tasks like booking flights and ordering groceries. BrianFagioli comments: A U.S. dollar-backed cryptocurrency from Cloudflare feels unusual to me, and I'm still surprised by it. The decision shows just how much the Internet is shifting in response to artificial intelligence. CEO Matthew Prince said, "For decades, the business model of the Internet ran on ad platforms and bank transfers. The Internet's next business model will be powered by pay-per-use, fractional payments, and microtransactions -- "tools that shift incentives toward original, creative content that actually adds value." He added that by using its global network, Cloudflare aims to "help modernize the financial rails needed to move money at the speed of the Internet."

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An anonymous reader shares a report: OpenAI released a new benchmark on Thursday that tests how its AI models perform compared to human professionals across a wide range of industries and jobs. The test, GDPval, is an early attempt at understanding how close OpenAI's systems are to outperforming humans at economically valuable work -- a key part of the company's founding mission to develop artificial general intelligence or AGI. OpenAI says its found that its GPT-5 model and Anthropic's Claude Opus 4.1 "are already approaching the quality of work produced by industry experts." That's not to say that OpenAI's models are going to start replacing humans in their jobs immediately. Despite some CEOs' predictions that AI will take the jobs of humans in just a few years, OpenAI admits that GDPval today covers a very limited number of tasks people do in their real jobs. However, it is one of the latest ways the company is measuring AI's progress towards this milestone. GDPval is based on nine industries that contribute the most to America's gross domestic product, including domains such as healthcare, finance, manufacturing, and government. The benchmark tests an AI model's performance in 44 occupations among those industries, ranging from software engineers to nurses to journalists.

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Despite AI models outperforming radiologists on benchmark tests since 2017, demand for human radiologists has reached record highs. American diagnostic radiology residency programs offered 1,208 positions this year, up 4% from 2024, while average salaries hit $520,000 -- 48% higher than 2015. Over 700 FDA-cleared radiology AI models exist, yet only 48% of radiologists use AI at all. Models trained on standardized datasets lose up to 20% points accuracy when deployed in different hospitals. Radiologists spend just 36% of their time interpreting images, with the majority devoted to patient communication, teaching, and administrative tasks that current AI cannot perform.

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Circle, the world's second-biggest issuer of stablecoins, is examining ways to make it possible to reverse transactions involving its tokens [non-paywalled source], in a rare admission by a major crypto firm that it needs to take lessons from the traditional financial sector. Financial Times: Circle president Heath Tarbert said a mechanism that allowed money to be refunded in cases of fraud or disputes would help the stablecoin industry's push to become part of the financial mainstream. "We are thinking through...whether or not there's the possibility of reversibility of transactions, right, but at the same time, we want settlement finality," Tarbert told the Financial Times. "So there's an inherent tension there between being able to transfer something immediately, but having it be irrevocable," he added. Such measures could be seen as a major departure from the crypto industry's previous emphasis on the "immutability" of the blockchain, a digital ledger that is public and records transactions that cannot be unwound.

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Amazon will pay $2.5 billion to settle Federal Trade Commission allegations that it duped users into paying for Prime memberships, the regulatory agency announced Thursday. CNBC: The surprise settlement comes as Amazon and the FTC were just three days into the trial in a Seattle federal court. Opening arguments took place on Tuesday. The lawsuit, filed by the FTC in June 2023 under the Biden administration, claimed that Amazon deceived tens of millions of customers into signing up for its Prime subscription program and sabotaged their attempts to cancel it. Three senior Amazon executives were at risk of being held individually liable if the jury sided with the FTC. Amazon will pay a $1 billion civil penalty to the FTC and will refund $1.5 billion to an estimated 35 million customers who were impacted by "unwanted Prime enrollment or deferred cancellation," the agency said.

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Accenture has reduced its global workforce by more than 11,000 in the past three months and warned staff that more would be asked to leave if they cannot be retrained for the age of AI. From a report: The IT consulting group on Thursday detailed an $865 million restructuring programme and an outlook for the year ahead that reflects continuing sluggish corporate demand for consulting projects and a clampdown on spending within the US federal government. "We are exiting on a compressed timeline people where reskilling, based on our experience, is not a viable path for the skills we need," chief executive Julie Sweet told analysts on a conference call. The company employed 779,000 people at the end of August, it said, down from 791,000 three months earlier, after beginning a round of lay-offs that will continue until the end of November. It did not say how many jobs had gone directly as a result of the restructuring, but said severance payments and other costs totalled $615 million in the quarter just ended and would be $250 million more in the current three-month period.

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Lumafield's CT scan analysis of 1,054 lithium-ion 18650 batteries found 33 cells from low-cost and counterfeit brands contained a serious manufacturing defect called negative anode overhang, which increases risks of internal short-circuiting and battery fires. All defective batteries came from the 424 units sourced from budget brands on Amazon and Temu. The defect rate reached nearly 8% among low-cost cells, climbing to 12-15% for certain counterfeit brands claiming impossible 9,900 mAh capacities. None of the batteries from Samsung, Panasonic, and other established manufacturers exhibited the defect. The low-cost batteries also displayed significantly worse edge alignment of internal wound layers. Real-world testing revealed the counterfeit cells delivered under 1,300 mAh capacity despite their inflated specifications, compared to 3,000-3,450 mAh for legitimate 18650 batteries.

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Apple asked the European Union to scrap its landmark digital competition law on Thursday, arguing that it poses security risks and creates a "worse experience" for consumers. From a report: The US tech giant and the EU have repeatedly locked horns over the bloc's Digital Markets Act (DMA), which Brussels says seeks to make the digital sector in the 27-nation bloc fairer and more open. "The DMA should be repealed while a more appropriate fit for purpose legislative instrument is put in place," Apple said in a formal submission to the European Commission as part of a consultation on the law. [...] "It's become clear that the DMA is leading to a worse experience for Apple users in the EU," the tech giant said in a blog post accompanying its submission. "It's exposing them to new risks, and disrupting the simple, seamless way their Apple products work together."

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An anonymous reader quotes a report from The Conversation: Twenty-one years after Facebook's launch, Australia's top 25 news outlets now have a combined 27.6 million followers on the platform. They rely on Facebook's reach more than ever, posting far more stories there than in the past. With access to Meta's Content Library (Meta is the owner of Facebook), our big data study analysed more than three million posts from 25 Australian news publishers. We wanted to understand how content is distributed, how audiences engage with news topics, and the nature of misinformation spread. The study enabled us to track de-identified Facebook comments and take a closer look at examples of how misinformation spreads. These included cases about election integrity, the environment (floods) and health misinformation such as hydroxychloroquine promotion during the COVID pandemic. The data reveal misinformation's real-world impact: it isn't just a digital issue, it's linked to poor health outcomes, falling public trust, and significant societal harm. [...] Our study has lessons for public figures and institutions. They, especially politicians, must lead in curbing misinformation, as their misleading statements are quickly amplified by the public. Social media and mainstream media also play an important role in limiting the circulation of misinformation. As Australians increasingly rely on social media for news, mainstream media can provide credible information and counter misinformation through their online story posts. Digital platforms can also curb algorithmic spread and remove dangerous content that leads to real-world harms. The study offers evidence of a change over time in audiences' news consumption patterns. Whether this is due to news avoidance or changes in algorithmic promotion is unclear. But it is clear that from 2016 to 2024, online audiences increasingly engaged with arts, lifestyle and celebrity news over politics, leading media outlets to prioritize posting stories that entertain rather than inform. This shift may pose a challenge to mitigating misinformation with hard news facts. Finally, the study shows that fact-checking, while valuable, is not a silver bullet. Combating misinformation requires a multi-pronged approach, including counter-messaging by trusted civic leaders, media and digital literacy campaigns, and public restraint in sharing unverified content.

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The Japanese city of Toyoake has passed (PDF) a symbolic ordinance limiting recreational smartphone use to two hours a day, aiming to improve citizens' sleep -- especially for students after summer vacation. The Register reports: "The primary purpose of this ordinance is to ensure that all citizens receive adequate sleep," states a Council information page, which explains that many Japanese people ignore Ministry of Health, Labor and Welfare recommendations to spend six to eight hours a day dozing. An accompanying FAQ [PDF] explains that Council passed the ordinance because students who return to school after summer vacations sometimes need a nudge the re-establish an appropriate daily regime. The ordinance also points out "Excessive phone users and their families are facing difficulties in their daily and social lives," and suggests the two-hours-a-day guidance might help. Council's documents point out that smartphones have myriad uses beyond recreation, and that the ordinance should not be taken as a suggestion to reduce overall use of the devices. Toyoake is part of the Nagoya megalopolis and is home to around 70,000 people. The town's government plans to survey residents about the ordinance, and the FAQ also mentions it wants to tackle other digital menaces, among them harmful effects of using smartphones while walking.

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