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The Justice Department has charged five people in a crackdown on "ghost student" fraud, in which scammers allegedly use stolen identities and AI to enroll fake students in colleges, complete coursework, and collect federal student loan funds. Ars Technica reports: In a press release Thursday, the Department of Justice said it had uncovered a large-scale scheme relying partly on AI. The DOJ seized more than $750,000 in cryptocurrency from "a network associated with Kenyan nationals" after data a…

U.S. technology stocks plunged for a second consecutive day on Friday as investors grew increasingly concerned about the enormous cost of artificial intelligence development and whether those investments will pay off. The Nasdaq fell more than 3.5%, while Intel shares dropped as much as 30%, Reddit fell 26%, and Alphabet extended its losses after shedding more than $500 billion in market value Thursday. The BBC notes that Meta, Alphabet, Oracle, Amazon, and Microsoft have collectively committed…

An anonymous reader quotes a report from TechCrunch: General Motors will pay $220 million to 36 states to settle allegations that it illegally sold private driving behavior and location information to data brokers. As part of the settlement, GM must get drivers' express consent before it collects or shares their driving and location data -- terms that are in line with separate agreements it previously reached with California and the Federal Trade Commission (FTC). This settlement does contain a…

Under the UK's planned social media ban, more than 100,000 British teenagers aged 16 and 17 could initially be locked out of social media because they lack a passport or driving license that may be needed as a fallback for age verification. The Guardian reports: Ofcom, the UK's online watchdog, said about 150,000 16- to 17-year-olds do not own a passport or driving licence, which are likely to be needed to access age-restricted platforms. The Australia-style ban on under-16s accessing social me…

Reddit plans to require users to log in to browse the platform, ending its longstanding practice of allowing anonymous visitors to access posts and discussions. According to CEO Steve Huffman, a key reason behind the decision is to curb unauthorized scraping and automated traffic. "This is a big change for Reddit, where we've allowed logged-out access to basically all of Reddit for the last two decades," Huffman says. "And I don't know about you, but as someone whose life has been defined by th…

UPDATE 10/30/26: Binance has temporarily suspended customer withdrawals after suffering what investigators say is the biggest crypto hack in history. According to Binance CEO Yi He, the company estimates roughly $6.3 billion in funds were impacted, with roughly $3 billion in assets frozen on-chain so far. Rest assured, "your money is safe, and we're covering every loss," said co-CEO Richard Teng in a LinkedIn post. "This was a complex attack," said Teng. "The attacker also used a self-destruct …

An anonymous reader quotes an excerpt from a Wired article that explores the often-contentious process of nominating pages for deletion when their subjects fail to meet the encyclopedia's notability standards: What do you need to know -- need to know -- about Xavier Trudeau? The eldest son of former Canadian prime minister Justin, the teenage Trudeau has recently begun performing R&B under the mononym Xav. But, with all due respect to Xav, do those facts make him a person of note? Should you ex…

XREAL has launched the AURA, its first wired augmented reality glasses powered by Google's Android XR platform. They feature transparent Micro-OLED displays, a 70-degree field of view, Gemini AI integration, and a Snapdragon Reality Elite processor. TechPowerUp reports: The device is built around a simple idea: your apps, screens, entertainment, and AI assistant should be able to come with you wherever you go. On day-one, users have access to millions of familiar mobile apps and games from Goog…

According to 404 Media, Proton CEO Andy Yen is aggressively pushing AI adoption while fostering what workers describe as a culture of fear that discourages raising security concerns or challenging leadership. The investigation is based on interviews with eight current and one former Proton employees, as well as internal Slack chats, meeting recordings, and an AI manifesto written by the company's CTO. Longtime Slashdot reader devnulljapan summarizes the findings: Engineers at Proton, which make…

An anonymous reader quotes a report from Wired: Trading has resumed on Polymarket's flagship international platform after a hack that drained money from the wallets of some traders. A third-party vendor based in the United Kingdom was breached, not the prediction market's website itself. Law enforcement in the UK have been notified of the incident, the company said. Trading was initially paused while the company investigated for several hours. On X, prominent traders complained that they had lo…

The Commodity Futures Trading Commission (CFTC) has sued Utah to defend its claimed exclusive authority over federally registered prediction markets, as the state files (PDF) 14 criminal charges against Kalshi and its co-founders for allegedly violating anti-gambling laws. The Verge reports: On Wednesday, Utah's Attorney General Derek Brown filed charges against Kalshi co-founders Tarek Mansour and Luana Lopes Lara, including 12 counts of online gambling promotion, a third-degree felony, one co…

Slashdot readers Cpt_Kirks, eklektic, sconeu, and Vrallis share the unfortunate news of Patrick Stewart's passing. Longtime spokesperson Kelly Bush Novak said Stewart died Wednesday at the age of 86 at his home in Los Angeles following "a brief and poignant journey with Alzheimer's disease and Lewy body dementia." "He has been held in the warm embrace of family and friends, surrounded by live music, prayer, tears, laughter and the kind of profound emotion that only he could inspire after a life…

An anonymous reader quotes a report from The New York Times: American spy agencies had gathered striking intelligence. A top executive at a Singapore-based data center company was under scrutiny for possibly steering advanced Nvidia A.I. chips to China. And now American officials had concluded that she was a Chinese intelligence asset (source paywalled; alternative source), funneling information to Beijing. But what came next was even more alarming. Surveillance of the executive, Alice Huang or…

Yesterday, Google reported its Q3 results that showed searches made through its AI Mode generate less revenue than traditional search, even as overall search revenue grew 12% year over year to $63.25 billion. The news sent Alphabet shares plunging, with Bespoke Investment Group reporting that the stock is on track for its steepest post-earnings decline since the company went public in 2004. Yahoo Finance reports: At its low, Alphabet had lost $524 billion in stock market value, the second-bigge…

Canada is joining the European Union's supercomputing network to give Canadian companies, startups, and researchers access to European computing resources for AI development. The partnership aims to strengthen AI cooperation and reduce dependence on US technology. Politico reports: The EU's supercomputing network is run by the EuroHPC Joint Undertaking, an EU public-private vehicle with an 8.2 billion-euro budget. The network consists of 14 supercomputers (some ranked in the global top 10), 19 …