The FBI searched two homes of Indiana University Bloomington data privacy professor Xiaofeng Wang last week, following months of university inquiries into whether he received unreported research funding from China, WIRED reported Wednesday. Wang, who leads the Center for Distributed Confidential Computing established with a $3 million National Science Foundation grant, was terminated on March 28 via email from the university provost. The university had contacted Wang in December regarding a 2017-2018 grant in China that listed him as a researcher, questioning whether he properly disclosed the funding to IU and in applications for U.S. federal research grants. Jason Covert, Wang's attorney, said Wang and his wife Nianli Ma, whose employee profile was also removed, are "safe" and neither has been arrested. The couple's legal team has viewed a search warrant but received no affidavit establishing probable cause.

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An AI system has for the first time figured out how to collect diamonds in the hugely popular video game Minecraft -- a difficult task requiring multiple steps -- without being shown how to play. Its creators say the system, called Dreamer, is a step towards machines that can generalize knowledge learned in one domain to new situations, a major goal of AI. From a report: "Dreamer marks a significant step towards general AI systems," says Danijar Hafner, a computer scientist at Google DeepMind in San Francisco, California. "It allows AI to understand its physical environment and also to self-improve over time, without a human having to tell it exactly what to do." Hafner and his colleagues describe Dreamer in a study in Nature published on 2 April. In Minecraft, players explore a virtual 3D world containing a variety of terrains, including forests, mountains, deserts and swamps. Players use the world's resources to create objects, such as chests, fences and swords -- and collect items, among the most prized of which are diamonds. Importantly, says Hafner, no two experiences are the same. Every time you play Minecraft, it's a new, randomly generated world," he says. This makes it useful for challenging an AI system that researchers want to be able to generalize from one situation to the next. "You have to really understand what's in front of you; you can't just memorize a specific strategy," he says.

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An anonymous reader shares a report: Amazon has put in a last-minute bid to acquire all of TikTok, the popular video app, as it approaches an April deadline to be separated from its Chinese owner or face a ban in the United States, according to three people familiar with the bid. Various parties who have been involved in the talks do not appear to be taking Amazon's bid seriously, the people said. The bid came via an offer letter addressed to Vice President JD Vance and Howard Lutnick, the commerce secretary, according to a person briefed on the matter. Amazon's bid highlights the 11th-hour maneuvering in Washington over TikTok's ownership. Policymakers in both parties have expressed deep national security concerns over the app's Chinese ownership, and passed a law last year to force a sale of TikTok that was set to take effect in January.

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Microsoft Chief Technology Officer Kevin Scott has predicted that AI will generate 95% of code within five years. Speaking on the 20VC podcast, Scott said AI would not replace software engineers but transform their role. "It doesn't mean that the AI is doing the software engineering job.... authorship is still going to be human," Scott said. According to Scott, developers will shift from writing code directly to guiding AI through prompts and instructions. "We go from being an input master (programming languages) to a prompt master (AI orchestrator)," he said. Scott said the current AI systems have significant memory limitations, making them "awfully transactional," but predicted improvements within the next year.

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Newcomer: Keith O'Brien, the man who allegedly spied for Deel while working at Rippling, is apparently clearing his conscience, according to a sworn Irish affidavit. O'Brien says in the affidavit that Deel paid him to spy on Rippling and that he coordinated directly with Deel's CEO, Alex Bouaziz. For some background, Alex Bouaziz is Deel's CEO and Philippe Bouaziz is his father, Deel's CFO. Rippling, which competes directly with Deel, has sued Deel over the alleged spying. O'Brien says in the affidavit: I decided to cooperate after I got a text from a friend on March 25, 2025 saying, "the truth will set you free." I was also driving with a family member to meet my solicitors and she told me that if I had done something wrong that I should "just tell the truth." I was having bad thoughts at the time; it was a horrible time for me. I was getting sick concealing this lie. I realised that I was harming myself and my family to protect Deel. I was concerned, and I am still concerned, about how wealthy and powerful Alex and Philippe are, but I know that what I was doing was wrong. After I spoke with my solicitors at Fenecas Law, I started to feel a sense of relief. I want to do what I can to start making amends and righting these wrongs. Deel CEO allegedly agreed to pay O'Brien 5000 euros a month.

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Representatives Alexandria Ocasio-Cortez and Anna Paulina Luna introduced bipartisan legislation in March to cap credit card interest rates at 10% annually as Americans' debt hits record levels. "Credit cards with high interest rates regularly trap working people in endless cycles of debt," Ocasio-Cortez said in a statement. Credit card debt has reached $1.2 trillion in Q4 2024, up from $720 billion in the same quarter of 2004, according to Federal Reserve Bank of New York data. Average annual percentage rates nearly doubled to 21% in 2024 from 12% in 2003. The Federal Reserve Bank of Philadelphia reported a record number of cardholders making only minimum payments in Q3 2024, "showing signs of consumer stress." Further reading: Study Reveals Why Credit Card Interest Rates Remain Stubbornly High.

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Nintendo's Switch 2, priced at $450, launches June 5 with a 7.9-inch LCD screen offering 1080p resolution, HDR support, and 120Hz refresh capability. The device maintains the original Switch's 13.99mm thickness while increasing internal storage to 256GB from the previous 32GB. The console outputs at 4K/60fps when docked, with the dock featuring a built-in cooling fan. Two USB-C ports handle accessories and charging. The system supports microSD Express cards but not original Switch microSD cards. Joy-Con controllers now attach via magnets instead of sliding rails and feature mouse-like functionality with compatible games. Both Joy-Cons and the new Pro Controller include a "C" button that activates a chat menu for the new "Game Chat" feature. Game cards for Switch 2 will be red rather than black. The system maintains backward compatibility with original Switch cartridges and introduces a "Game Share" feature for local game sharing between consoles.

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An anonymous reader quotes a report from TechCrunch: Zelle is shutting down its stand-alone app on Tuesday, according to a company blog post. This news might be alarming if you're one of the over 150 million customers in the U.S. who use Zelle for person-to-person payments. But only about 2% of transactions take place via Zelle's app, which is why the company is discontinuing its stand-alone app. Most consumers access Zelle via their bank, which then allows them to send money to their phone contacts. Zelle users who relied on the stand-alone app will have to re-enroll in the service through another financial institution. Given the small user base of the Zelle app, it makes sense why the company would decide to get rid of it -- maintaining an app takes time and money, especially one where people's financial information is involved.

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Longtime Slashdot reader backslashdot writes: Commentary, video, and a publication in this week's Nature Neuroscience herald a significant advance in brain-computer interface (BCI) technology, enabling speech by decoding electrical activity in the brain's sensorimotor cortex in real-time. Researchers from UC Berkeley and UCSF employed deep learning recurrent neural network transducer models to decode neural signals in 80-millisecond intervals, generating fluent, intelligible speech tailored to each participant's pre-injury voice. Unlike earlier methods that synthesized speech only after a full sentence was completed, this system can detect and vocalize words within just three seconds. It is accomplished via a 253-electrode array chip implant on the brain. Code and the dataset to replicate the main findings of this study are available in the Chang Lab's public GitHub repository.

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The James Webb Space Telescope has revealed that a surprising majority of galaxies rotate clockwise, challenging the long-held belief in a directionally uniform universe; this anomaly could suggest either our universe originated inside a rotating black hole or that astronomers have been misinterpreting the universe's expansion due to observational biases. Smithsonian Magazine reports: The problem is that astronomers have long posited that galaxies should be evenly split between rotating in one direction or the other, astronomer Dan Weisz from the University of California, Berkeley, who was not involved with the study, wrote for Astronomy back in 2017. "This stems from the idea that we live in an 'isotropic' universe, which means that the universe looks roughly the same in every direction. By extension, galaxies shouldn't have a preferred direction of spin from our perspective," he added. According to Shamir, there are two strong potential explanations for this discrepancy. One explanation is that the universe came into existence while in rotation. This theory would support what's known as black hole cosmology: the hypothesis that our universe exists within a black hole that exists within another parent universe. In other words, black holes create universes within themselves, meaning that the black holes in our own universe also lead to other baby universes. "A preferred axis in our universe, inherited by the axis of rotation of its parent black hole, might have influenced the rotation dynamics of galaxies, creating the observed clockwise-counterclockwise asymmetry," Nikodem Poplawski, a theoretical physicist at the University of New Haven who was not involved in the study, tells Space.com's Robert Lea. "The discovery by the JWST that galaxies rotate in a preferred direction would support the theory of black holes creating new universes, and I would be extremely excited if these findings are confirmed." Another possible explanation involves the Milky Way's rotation. Due to an effect called the Doppler shift, astronomers expect galaxies rotating opposite to the Milky Way's motion to appear brighter, which could explain their overrepresentation in telescopic surveys. "If that is indeed the case, we will need to re-calibrate our distance measurements for the deep universe," Shamir explains in the statement. "The re-calibration of distance measurements can also explain several other unsolved questions in cosmology such as the differences in the expansion rates of the universe and the large galaxies that according to the existing distance measurements are expected to be older than the universe itself." The findings have been published in the journal Monthly Notices of the Royal Astronomical Society.

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Tech manufacturers continue misleading consumers with impressive-sounding but less useful specs like milliamp-hours and megahertz, while hiding the one measurement that matters most: watts. The Verge argues that the watt provides the clearest picture of a device's true capabilities by showing how much power courses through chips and how quickly batteries drain. With elementary math, consumers could easily calculate battery life by dividing watt-hours by power consumption. The Verge: The Steam Deck gaming handheld is my go-to example of how handy watts can be. With a 15-watt maximum processor wattage and up to 9 watts of overhead for other components, a strenuous game drains its 49Wh battery in roughly two hours flat. My eight-year-old can do that math: 15 plus 9 is 24, and 24 times 2 is 48. You can fit two hour-long 24-watt sessions into 48Wh, and because you have 49Wh, you're almost sure to get it. With the least strenuous games, I'll sometimes see my Steam Deck draining the battery at a speed of just 6 watts -- which means I can get eight hours of gameplay because 6 watts times 8 hours is 48Wh, with 1Wh remaining in the 49Wh battery. Unlike megahertz, wattage also indicates sustained performance capability, revealing whether a processor can maintain high speeds or will throttle due to thermal constraints. Watts is also already familiar to consumers through light bulbs and power bills, but manufacturers persist with less transparent metrics that make direct comparisons difficult.

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Today's anonymous submitter worked for a "large, US-based, e-commerce company." This particular company was, some time back, looking to save money, and like so many companies do, that meant hiring offshore contractors.

Now, I want to stress, there's certainly nothing magical about national borders which turns software engineers into incompetents. The reality is simply that contractors never have their client's best interests at heart; they only want to be good enough to complete their contract. This gets multiplied by the contracting firm's desire to maximize their profits by keeping their contractors as booked as possible. And it gets further multiplied by the remoteness and siloing of the interaction, especially across timezones. Often, the customer sends out requirements, and three months later gets a finished feature, with no more contact than that- and it never goes well.

All that said, let's look at some SQL Server code. It's long, so we'll take it in chunks.

-- =============================================================================== -- Author : Ignacius Ignoramus -- Create date: 04-12-2020 -- Description: SP of Getting Discrepancy of Allocation Reconciliation Snapshot -- ===============================================================================

That the comment reinforces that this is an "SP", aka stored procedure, is already not my favorite thing to see. The description is certainly made up of words, and I think I get the gist.

ALTER PROCEDURE [dbo].[Discrepency] ( @startDate DATETIME, @endDate DATETIME ) AS BEGIN

Nothing really to see here; it's easy to see that we're going to run a query for a date range. That's fine and common.

DECLARE @tblReturn TABLE ( intOrderItemId INT )

Hmm. T-SQL lets you define table variables, which are exactly what they sound like. It's a local variable in this procedure, that acts like a table. You can insert/update/delete/query it. The vague name is a little sketch, and the fact that it holds only one field also makes me go "hmmm", but this isn't bad.

DECLARE @tblReturn1 TABLE ( intOrderItemId INT )

Uh oh.

DECLARE @tblReturn2 TABLE ( intOrderItemId INT )

Oh no.

DECLARE @tblReturn3 TABLE ( intOrderItemId INT )

Oh no no no.

DECLARE @tblReturn4 TABLE ( intOrderItemId INT )

This doesn't bode well.

So they've declared five variables called tblReturn, that all hold the same data structure.

What happens next? This next block is gonna be long.

INSERT INTO @tblReturn --(intOrderItemId) VALUES (@_ordersToBeAllocated) /* OrderItemsPlaced */ select intOrderItemId from CompanyDatabase..Orders o inner join CompanyDatabase..OrderItems oi on oi.intOrderId = o.intOrderId where o.dtmTimeStamp between @startDate and @endDate AND intOrderItemId Not In ( /* _itemsOnBackorder */ select intOrderItemId from CompanyDatabase..OrderItems oi inner join CompanyDatabase..Orders o on o.intOrderId = oi.intOrderId where o.dtmTimeStamp between @startDate and @endDate and oi.strstatus='backordered' ) AND intOrderItemId Not In ( /* _itemsOnHold */ select intOrderItemId from CompanyDatabase..OrderItems oi inner join CompanyDatabase..Orders o on o.intOrderId = oi.intOrderId where o.dtmTimeStamp between @startDate and @endDate and o.strstatus='ONHOLD' and oi.strStatus <> 'BACKORDERED' ) AND intOrderItemId Not In ( /* _itemsOnReview */ select intOrderItemId from CompanyDatabase..OrderItems oi inner join CompanyDatabase..Orders o on o.intOrderId = oi.intOrderId where o.dtmTimeStamp between @startDate and @endDate and o.strstatus='REVIEW' and oi.strStatus <> 'BACKORDERED' ) AND intOrderItemId Not In ( /*_itemsOnPending*/ select intOrderItemId from CompanyDatabase..OrderItems oi inner join CompanyDatabase..Orders o on o.intOrderId = oi.intOrderId where o.dtmTimeStamp between @startDate and @endDate and o.strstatus='PENDING' and oi.strStatus <> 'BACKORDERED' ) AND intOrderItemId Not In ( /*_itemsCancelled */ select intOrderItemId from CompanyDatabase..OrderItems oi inner join CompanyDatabase..Orders o on o.intOrderId = oi.intOrderId where o.dtmTimeStamp between @startDate and @endDate and oi.strstatus='CANCELLED' )

We insert into @tblReturn the result of a query, and this query relies heavily on using a big pile of subqueries to decide if a record should be included in the output- but these subqueries all query the same tables as the root query. I'm fairly certain this could be a simple join with a pretty readable where clause, but I'm also not going to sit here and rewrite it right now, we've got a lot more query to look at.

INSERT INTO @tblReturn1 /* _backOrderItemsReleased */ select intOrderItemId from CompanyDatabase..OrderItems oi inner join CompanyDatabase..orders o on o.intorderid = oi.intorderid where oi.intOrderItemid in ( select intRecordID from CompanyDatabase..StatusChangeLog where strRecordType = 'OrderItem' and strOldStatus in ('BACKORDERED') and strNewStatus in ('NEW', 'RECYCLED') and dtmTimeStamp between @startDate and @endDate ) and o.dtmTimeStamp < @startDate UNION ( /*_pendingHoldItemsReleased*/ select intOrderItemId from CompanyDatabase..OrderItems oi inner join CompanyDatabase..orders o on o.intorderid = oi.intorderid where oi.intOrderID in ( select intRecordID from CompanyDatabase..StatusChangeLog where strRecordType = 'Order' and strOldStatus in ('REVIEW', 'ONHOLD', 'PENDING') and strNewStatus in ('NEW', 'PROCESSING') and dtmTimeStamp between @startDate and @endDate ) and o.dtmTimeStamp < @startDate ) UNION /* _reallocationsowingtonostock */ ( select oi.intOrderItemID from CompanyDatabase.dbo.StatusChangeLog inner join CompanyDatabase.dbo.OrderItems oi on oi.intOrderItemID = CompanyDatabase.dbo.StatusChangeLog.intRecordID inner join CompanyDatabase.dbo.Orders o on o.intOrderId = oi.intOrderId where strOldStatus = 'RECYCLED' and strNewStatus = 'ALLOCATED' and CompanyDatabase.dbo.StatusChangeLog.dtmTimestamp > @endDate and strRecordType = 'OrderItem' and intRecordId in ( select intRecordId from CompanyDatabase.dbo.StatusChangeLog where strOldStatus = 'ALLOCATED' and strNewStatus = 'RECYCLED' and strRecordType = 'OrderItem' and CompanyDatabase.dbo.StatusChangeLog.dtmTimestamp between @startDate and @endDate ) )

Okay, just some unions with more subquery filtering. More of the same. It's the next one that makes this special.

INSERT INTO @tblReturn2 SELECT intOrderItemId FROM @tblReturn UNION SELECT intOrderItemId FROM @tblReturn1

Ah, here's the stuff. This is just bonkers. If the goal is to combine the results of these queries into a single table, you could just insert into one table the whole time.

But we know that there are 5 of these tables, so why are we only going through the first two to combine them at this point?

INSERT INTO @tblReturn3 /* _factoryAllocation*/ select oi.intOrderItemId from CompanyDatabase..Shipments s inner join CompanyDatabase..ShipmentItems si on si.intShipmentID = s.intShipmentID inner join Common.CompanyDatabase.Stores stores on stores.intStoreID = s.intLocationID inner join CompanyDatabase..OrderItems oi on oi.intOrderItemId = si.intOrderItemId inner join CompanyDatabase..Orders o on o.intOrderId = s.intOrderId where s.dtmTimestamp >= @endDate and stores.strLocationType = 'FACTORY' UNION ( /*_storeAllocations*/ select oi.intOrderItemId from CompanyDatabase..Shipments s inner join CompanyDatabase..ShipmentItems si on si.intShipmentID = s.intShipmentID inner join Common.CompanyDatabase.Stores stores on stores.intStoreID = s.intLocationID inner join CompanyDatabase..OrderItems oi on oi.intOrderItemId = si.intOrderItemId inner join CompanyDatabase..Orders o on o.intOrderId = s.intOrderId where s.dtmTimestamp >= @endDate and stores.strLocationType <> 'FACTORY' ) UNION ( /* _ordersWithAllocationProblems */ select oi.intOrderItemId from CompanyDatabase.dbo.StatusChangeLog inner join CompanyDatabase.dbo.OrderItems oi on oi.intOrderItemID = CompanyDatabase.dbo.StatusChangeLog.intRecordID inner join CompanyDatabase.dbo.Orders o on o.intOrderId = oi.intOrderId where strRecordType = 'orderitem' and strNewStatus = 'PROBLEM' and strOldStatus = 'NEW' and CompanyDatabase.dbo.StatusChangeLog.dtmTimestamp > @endDate and o.dtmTimestamp < @endDate )

Okay, @tblReturn3 is more of the same. Nothing more to really add.

INSERT INTO @tblReturn4 SELECT intOrderItemId FROM @tblReturn2 WHERE intOrderItemId NOT IN(SELECT intOrderItemId FROM @tblReturn3 )

Ooh, but here we see something a bit different- we're taking the set difference between @tblReturn2 and @tblReturn3. This would almost make sense if there weren't already set operations in T-SQL which would handle all of this.

Which brings us, finally, to the last query in the whole thing:

SELECT o.intOrderId ,oi.intOrderItemId ,o.dtmDate ,oi.strDescription ,o.strFirstName + o.strLastName AS 'Name' ,o.strEmail ,o.strBillingCountry ,o.strShippingCountry FROM CompanyDatabase.dbo.OrderItems oi INNER JOIN CompanyDatabase.dbo.Orders o on o.intOrderId = oi.intOrderId WHERE oi.intOrderItemId IN (SELECT intOrderItemId FROM @tblReturn4) END

At the end of all this, I've determined a few things.

First, the developer responsible didn't understand table variables. Second,they definitely didn't understand joins. Third, they had no sense of the overall workflow of this query and just sorta fumbled through until they got results that the client said were okay.

And somehow, this pile of trash made it through a code review by internal architects and got deployed to production, where it promptly became the worst performing query in their application. Correction: the worst performing query thus far.

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A new paper [PDF] from the AI Disclosures Project claims OpenAI likely trained its GPT-4o model on paywalled O'Reilly Media books without a licensing agreement. The nonprofit organization, co-founded by O'Reilly Media CEO Tim O'Reilly himself, used a method called DE-COP to detect copyrighted content in language model training data. Researchers analyzed 13,962 paragraph excerpts from 34 O'Reilly books, finding that GPT-4o "recognized" significantly more paywalled content than older models like GPT-3.5 Turbo. The technique, also known as a "membership inference attack," tests whether a model can reliably distinguish human-authored texts from paraphrased versions. "GPT-4o [likely] recognizes, and so has prior knowledge of, many non-public O'Reilly books published prior to its training cutoff date," wrote the co-authors, which include O'Reilly, economist Ilan Strauss, and AI researcher Sruly Rosenblat.

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An anonymous reader quotes an op-ed from Ars Technica's Scharon Harding: TVs offer us an escape from the real world. After a long day, sometimes there's nothing more relaxing than turning on your TV, tuning into your favorite program, and unplugging from the realities around you. But what happens when divisive, potentially offensive messaging infiltrates that escape? Even with streaming services making it easy to watch TV commercial-free, it can still be difficult for TV viewers to avoid ads with these sorts of messages. That's especially the case with budget brands, which may even force controversial ads onto TVs when they're idle, making users pay for low-priced TVs in unexpected, and sometimes troubling, ways. [...] Buying a budget TV means accepting some trade-offs. Those trade-offs have historically been around things like image quality and feature sets. But companies like Vizio are also asking customers to accept questionable advertising decisions as they look to create new paths to ad revenue. Numerous factors are pushing TV OS operators deeper into advertising. Brands are struggling to grow profits as people buy new TVs less frequently. As the TV market gets more competitive, hardware is also selling for cheaper, with some companies selling TVs at a loss with hopes of making up for it with ad sales. There's concern that these market realities could detract from real TV innovation. And as the Secretary Noem ad reportedly shown to Vizio TV owners has highlighted, another concern is the lack of care around which ads are being shown to TV owners -- especially when all they want is simple "ambient background" noise. Today, people can disable ambient mode settings that show ads. But with some TV brands showing poor judgment around where they sell and place ads, we wouldn't bank on companies maintaining these boundaries forever. If the industry can't find a way to balance corporate needs with appropriate advertising, people might turn off not only their TVs more often, but also unplug from those brands completely. Some of the worst offenders highlighted in the article include Vizio TVs' "Scenic Mode," which activates when the TV is idle and displays "relaxing, ambient content" accompanied by ads. Roku City takes a similar approach with its animated cityscape screensaver, saturated with brand logos and advertisements. Even Amazon Fire TV and premium brands like LG have adopted screensaver ads, showing that this intrusive trend isn't limited to budget models.

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With the signing of HB25-1040 on Monday, Colorado now defines nuclear as a "clean energy resource" since it doesn't release large amounts of climate-warming emissions. "The category was previously reserved for renewables like wind, solar and geothermal, which don't carry the radioactive stigma that's hobbled fission power plants following disasters like Chernobyl and Fukushima," notes Colorado Public Radio. From the report: In an emailed statement, Ally Sullivan, a spokesperson for the governor's office, said the law doesn't advance any specific nuclear energy project, and no utility has proposed building a nuclear power plant in Colorado. It does, however, allow nuclear energy to potentially serve as one piece of the state's plan to tackle climate change. "If nuclear energy becomes sufficiently cost-competitive, it could potentially become part of Colorado's clean energy future. However, it must be conducted safely, without harming communities, depleting other natural resources or replacing other clean energy sources," Sullivan said. By redefining nuclear energy as "clean," the law would let future fission-based power plants obtain local grants previously reserved for other carbon-free energy sources, and it would allow those projects to contribute to Colorado's renewable energy goals. It also aligns state law with a push to reshape public opinion of nuclear energy. Nuclear energy proponents promise new reactor designs are smaller and safer than hulking power plants built in the 20th century. By embracing those systems, bill supporters claimed Colorado could meet rising energy demand without abandoning its ambitious climate goals.

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Substack has announced it will legally support foreign writers lawfully residing in the U.S. who face government targeting over their published work, partnering with the nonprofit FIRE to expand its existing Defender program. The Verge reports: In their announcement, Substack and FIRE mention the international Tufts University student who was arrested by federal agents last week. Her legal team links her arrest to an opinion piece she co-wrote for the school's newspaper last year, which criticized Tufts for failing to comply with requests to divest from companies with connections to Israel. "If true, this represents a chilling escalation in the government's effort to target critics of American foreign policy," Substack and FIRE write. The initiative builds on Substack's Defender program, which already offers legal assistance for independent journalists and creators on the platform. The company says it has supported "dozens" of Substack writers facing claims of defamation and trademark infringement since it launched the program in the US in 2020. It has since brought Substack Defender to writers in Canada and the UK.

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Circle, the issuer of the USDC stablecoin, has filed for an IPO aiming for a $5 billion valuation. It marks the company's second attempt at going public amid renewed momentum in the crypto sector and signs of recovery in tech IPO markets. CNBC reports: A prior merger with a special purpose acquisition company (SPAC) collapsed in late 2022 amid regulatory challenges. Since then, Circle has made strategic moves to position itself closer to the heart of global finance, including the announcement last year that it would relocate its headquarters from Boston to One World Trade Center in New York. Circle reported $1.68 billion in revenue and reserve income in 2024, up from $1.45 billion in 2023 and $772 million in 2022. The company reported net income last year of about $156 million., down from $268 million a year earlier. A successful IPO would make Circle one of the most prominent pure-play crypto companies to list on a U.S. exchange. Coinbase went public through a direct listing in 2021 and has a market cap of about $44 billion.

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MoffettNathanson has crowned YouTube the "New King of All Media" as the Alphabet-owned video platform has become a major force in Hollywood, dominating time spent watching TV. From a report: The firm estimates that YouTube as a standalone business could be worth as much as $550 billion -- or nearly 30% of the tech giant's current valuation. The figure is based on the firm's analysis of enterprise value as a multiple of revenue in 2024 for Netflix (10.5x revenue), Meta (8.8x), Roku (2.4x), Warner Bros. Discovery (1.4x), Fox (1.3x) and Disney (1.3x). In 2024, YouTube was the second-largest media company by revenue at $54.2 billion, trailing behind only Disney. However, the MoffettNathanson analysts predict YouTube will take the top spot in 2025, becoming a leader in both engagement and revenue. "YouTube has the potential to become the central aggregator for all things professional video, positioning itself to capture a share of the $85 billion consumer Pay TV market and the ~$30 billion streaming ex. Netflix market in the U.S.," they wrote in a Monday research note. "On monetization, when comparing YouTube's massive TV screen engagement to its estimated TV revenue, it remains significantly under-monetized relative to its scaled reach and differentiated offering. This signals a substantial runway for improving its monetization strategy."

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Mozilla plans to introduce a suite of paid professional services for its open-source Thunderbird email client, transforming the application into a comprehensive communication platform. Dubbed "Thunderbird Pro," the package aims to compete with established ecosystems like Gmail and Office 365 while maintaining Mozilla's commitment to open-source software. The Pro tier will include four core services: Thunderbird Appointment for streamlined scheduling, Thunderbird Send for file sharing (reviving the discontinued Firefox Send), Thunderbird Assist offering AI capabilities powered by Flower AI, and Thundermail, a revamped email client built on Stalwart's open-source stack. Initially, Thunderbird Pro will be available free to "consistent community contributors," with paid access for other users. Mozilla Managing Director Ryan Sipes indicated the company may consider limited free tiers once the service establishes a sustainable user base. This initiative follows Mozilla's 2023 announcement about "remaking" Thunderbird's architecture to modernize its aging codebase, addressing user losses to more feature-rich competitors.

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An anonymous reader quotes a report from The Guardian: A professional YouTuber in Queensland has been ordered to pay $350,000 plus interest and costs to the former world record score holder for Donkey Kong, after the Brisbane district court found the YouTuber had defamed him "recklessly" with false claims of a link between a lawsuit and another YouTuber's suicide. William "Billy" Mitchell, an American gamer who had held world records in Donkey Kong and Pac-Man going back to 1982, as recognized by the Guinness World Records and the video game database Twin Galaxies, brought the case against Karl Jobst, seeking $400,000 in general damages and $50,000 in aggravated damages. Jobst, who makes videos about "speed running" (finishing games as fast as possible), as well as gaming records and cheating in games, made a number of allegations against Mitchell in a 2021 YouTube video. He accused Mitchell of cheating, and "pursuing unmeritorious litigation" against others who had also accused him of cheating, the court judgment stated. The court heard Mitchell was accused in 2017 of cheating in his Donkey Kong world records by using emulation software instead of original arcade hardware. Twin Galaxies investigated the allegation, and subsequently removed Mitchell's scores and banned him from participating in its competitions. The Guinness World Records disqualified Mitchell as a holder of all his records -- in both Donkey Kong and Pac-Man -- after the Twin Galaxies decision. The judgment stated that Jobst's 2021 video also linked the December 2020 suicide of another YouTuber, Apollo Legend, to "stress arising from [his] settlement" with Mitchell, and wrongly asserted that Apollo Legend had to pay Mitchell "a large sum of money."

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