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Toilet Maker Toto's Shares Get Unlikely Boost From AI Rush

22:59
An anonymous reader shares a report: Shares of Japanese toilet maker Toto gained the most in five years after booming memory demand excited expectations of growth in its little-known chipmaking materials operations. The stock surged as much as 11%, its steepest rise since February 2021, after Goldman Sachs analysts said Toto's electrostatic chucks used in NAND chipmaking will likely benefit from an AI infrastructure buildout that's tightening supplies of both high-end and commodity memory. [...…

The Great Graduate Job Drought

21:56
Global hiring remains 20% below pre-pandemic levels and job switching has hit a 10-year low, according to a LinkedIn report, and new university graduates are bearing the brunt of a labor market that increasingly favors experienced candidates over fresh talent. In the UK, the Institute of Student Employers found that graduate hiring fell 8% in the last academic year and employers now receive 140 applications for each vacancy, up from 86 per vacancy in 2022-23. US data from the New York Federal R…

Wall Street Pushes Solo 401(k)s as More Americans Work for Themselves

21:24
An anonymous reader shares a report: A niche retirement plan favored by freelancers is quickly becoming a hot Wall Street sales pitch, as more and more Americans look for ways to shelter a bigger chunk of their paychecks from taxes. Known as solo 401(k)s, they allow the self-employed to contribute $72,000 a year into tax-advantaged retirement accounts. That's nearly three times the maximum for typical salaried workers in the US. While they've existed for decades serving a workforce that often s…

China Makes Too Many Cars, and the World Is Increasingly OK With It

20:52
After years of Western governments raising alarms about Chinese automotive overcapacity and erecting tariff barriers, an unexpected pivot is now underway as major economies cautiously open their markets to Chinese electric vehicles, Bloomberg writes. Beijing itself has started acknowledging the problem at home. Chinese regulators last week warned of "severe penalties" for automakers defying efforts to rationalize pricing in the country's car market, and earlier this month a government ministry …

Solar and Wind Overtake Fossil Fuels in the EU

20:20
Wind and solar power overtook fossil fuels last year as a source of electricity in the EU for the first time, a new report found. Semafor adds: The milestone was hit largely thanks to a rise in solar power, which generated a record 13% of electricity in the EU, according to Ember. Together, wind and solar hit 30% of EU electricity generation, edging out fossil fuels at 29%. The shift is especially important with the bloc's alternative to Russian LNG -- Washington -- becoming increasingly unreli…

Toronto Man Posed as Pilot To Rack Up Hundreds of Free Flights, Prosecutors Say

19:15
A Toronto man posed as a pilot for years in order to fool airlines into giving him hundreds of free flights, prosecutors have alleged, in a case that has prompted comparisons to the Hollywood thriller Catch Me If You Can. From a report: Authorities in Hawaii announced this week that Dallas Pokornik, 33, had been charged with wire fraud after he allegedly fooled three major US carriers into giving him free tickets over a span of four years. Airlines typically offer standby tickets to their own s…

Apple's Secret Product Plans Stolen in Luxshare Cyberattack

18:43
An anonymous reader shares a report: The Apple supplier subject to a major cyberattack last month was China's Luxshare, it has now emerged. More than 1TB of confidential Apple information was reportedly stolen. It was reported in December that one of Apple's assemblers suffered a significant cyberattack that may have compromised sensitive production-line information and manufacturing data linked to Apple. The specific company targeted, the scope of the breach, and its operational impact were un…

When Two Years of Academic Work Vanished With a Single Click

18:11
Marcel Bucher, a professor of plant sciences at the University of Cologne in Germany, lost two years of carefully structured academic work in an instant when he temporarily disabled ChatGPT's "data consent" option in August to test whether the AI tool's functions would still work without providing OpenAI his data. All his chats were permanently deleted and his project folders emptied without any warning or undo option, he wrote in a post on Nature. Bucher, a ChatGPT Plus subscriber paying $20 p…

Anthropic's AI Keeps Passing Its Own Company's Job Interview

17:39
Anthropic has a problem that most companies would envy: its AI model keeps getting so good, the company wrote in a blog post, that it passes the company's own hiring test for performance engineers. The test, designed in late 2023 by optimization lead Tristan Hume, asks candidates to speed up code running on a simulated computer chip. Over 1,000 people have taken it, and dozens now work at Anthropic. But Claude Opus 4 outperformed most human applicants. Hume redesigned the test, making it harder…

Apple Accuses European Commission of 'Political Delay Tactics' To Justify Fines

16:35
Apple has accused the European Commission of using "political delay tactics" to postpone new app marketplace policies and create grounds for investigating and fining the iPhone maker, a preemptive response to reports that the commission plans to blame Apple for the announced closure of third-party app store Setapp. MacPaw, the developer behind Setapp, said it would shut down the marketplace next month because of "still-evolving and complex business terms that don't fit Setapp's current business…

'Almost Everyone' Laid Off at Vimeo Following Bending Spoons Buyout

16:03
Vimeo is laying off employees around the world just months after Italian software company Bending Spoons completed its $1.38 billion acquisition of the video hosting platform. Dave Brown, Vimeo's former brand VP, described the cuts on LinkedIn as affecting "a large portion of the company." One video engineer claimed "almost everyone" was laid off, "including the entire video team," and another software engineer said he lost his job alongside "a gigantic amount of the company." This marks Vimeo'…

US Formally Withdraws From WHO

15:30
The United States formally withdrew from the World Health Organization on Thursday, making good on an executive order that President Trump issued on his first day in office pledging to leave the international organization that coordinates global responses to public health threats. The New York Times: While the United States is walking away from the organization, a senior official with the Department of Health and Human Services told reporters on Thursday that the Trump administration was consid…

TikTok Finalizes Deal To Form New American Entity

14:25
An anonymous reader quotes a report from NPR: TikTok has finalized a deal to create a new American entity, avoiding the looming threat of a ban in the United States that has been in discussion for years. The social video platform company signed agreements with major investors including Oracle, Silver Lake and MGX to form the new TikTok U.S. joint venture. The new version will operate under "defined safeguards that protect national security through comprehensive data protections, algorithm secur…

'Active' Sitting Is Better For Brain Health

11:11
alternative_right shares a report from ScienceAlert: A systematic review of 85 studies has now found good reason to differentiate between 'active' sitting, like playing cards or reading, and 'passive' sitting, like watching TV. [...] "Total sitting time has been shown to be related to brain health; however, sitting is often treated as a single entity, without considering the specific type of activity," explains public health researcher Paul Gardiner from the University of Queensland in Australi…

AI Boosts Research Careers But Flattens Scientific Discovery

8:32
Ancient Slashdot reader erice shares the findings from a recent study showing that while AI helped researchers publish more often and boosted their careers, the resulting papers were, on average, less useful. "You have this conflict between individual incentives and science as a whole," says James Evans, a sociologist at the University of Chicago who led the study. From a recent IEEE Spectrum article: To quantify the effect, Evans and collaborators from the Beijing National Research Center for …
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