Scientists studying data collected over more than three decades found accelerating losses. Their research offers clues about the causes.

Speaking of the Citrini's blog post, which imagines a near-future AI-driven economic collapse, and which ended up help triggering the S&P 500's worst single-day drop in nearly two weeks on Monday, FT Alphaville decided to track how US stock markets have moved on the release days of notable dystopian speculative fiction throughout history. The story adds: You may contend that this is facile. We would agree. You might contend that the comparisons make no sense because it's possible to read a blog post during a single work shift, but it's tricker to complete a whole novel (or sneak out to watch a movie). We would contend: do you really think traders read? Let's begin. The methodology -- tracking S&P 500 daily moves for post-1986 releases and DJIA moves for pre-1986 ones -- crowned The Matrix as the all-time leader, its March 1999 US debut coinciding with a 1.11% drop in the index. Citrini's "The 2028 Global Intelligence Crisis" came in a close second at -1.04%. On the positive end, the 2013 release of Her, a film about a man falling in love with an AI agent, coincided with the largest gain in the set at +1.66%.

Read more of this story at Slashdot.

An anonymous reader shares a report: It might look like something from the early days of the internet, with its aggressively grey color scheme and rectangles nested inside rectangles, but FPDS.gov is one of the most important resources for keeping tabs on what powerful spying tools U.S. government agencies are buying. It includes everything from phone hacking technology, to masses of location data, to more Palantir installations. Or rather, it was an incredible tool and the basis for countless of my own investigations and others. Because on Wednesday, the government shut it down. Its replacement, another site called SAM.gov with Uncle Sam branding, frankly sucks, and makes it demonstrably harder to reliably find out what agencies, including Immigration and Customs Enforcement (ICE), are spending tax payers dollars on. "FPDS may have been a little clunky, but its simple, old-school interface made it extremely functional and robust. Every facet of government operations touches on contracting at one point, and this was the first tool that many investigative journalists and researchers would reach for to quickly find out what the government is buying and who is selling it, and how these contracts all fit together," Dave Maass, director of investigations at the Electronic Frontier Foundation, told me.

Read more of this story at Slashdot.

The Trump administration is creative when it comes to numbers.

A fictional memo set in June 2028, published by short seller Citrini Research, wiped roughly $10 billion off Indian IT stocks in a single trading session on February 24 and sent the Nifty IT index down as much as 5.3% -- its worst single-day fall since August 2023 -- on the argument that AI coding agents have collapsed the cost advantage of Indian developers to the price of electricity. The index has shed more than $68 billion in market value in February alone, its worst month since 2003. But the core claim that India's entire $205 billion software export industry rests on cheap labor is roughly 15 years out of date, an analysis argues, custom application maintenance alone accounts for about 35% of a typical Indian IT firm's revenue, per HSBC, and enterprise platforms require deterministic outputs that probabilistic AI systems cannot wholesale replace. HSBC estimates gross AI-led revenue deflation for the sector at 14-16%, a measured headwind rather than an extinction event. The story adds: 24 years of software export data that has never posted a decline, $200 billion in annual revenue, partnerships with the very AI labs whose products are supposed to be the instrument of the sector's destruction, possibly a new $1.5 trillion market category emerging at the intersection of services and software, and the largest U.S. corporates in the middle of mapping their entire workforces into process architectures that require technology partners to modernise. I think India's IT is going to be fine.

Read more of this story at Slashdot.

New York state has filed a lawsuit against Valve alleging that randomized loot boxes in games like Counter-Strike 2, Team Fortress 2, and Dota 2 amount to a form of unregulated gambling, letting users "pay for the chance to win a rare virtual item of significant monetary value." From a report: While many randomized video game loot boxes have drawn attention and regulation from various government bodies in recent years, the New York suit calls out Valve's system specifically for "enabl[ing] users to sell the virtual items they have won, either through its own virtual marketplace, the Steam Community Market, or through third-party marketplaces." The vast majority of Valve's in-game loot boxes contain skins that can only be resold for a few cents, the suit notes, while the rarest skins can be worth thousands of dollars through marketplaces on and off of Steam. That fits the statutory definition of gambling as "charging an individual for a chance to win something of value based on luck alone," according to the suit. The Steam Wallet funds that users get through directly reselling skins "have the equivalent purchasing power on the Steam platform as cash," the suit notes. But if a user wants to convert those Steam funds to real cash, they can do so relatively easily by purchasing a Steam Deck and reselling it to any interested party, as an investigator did while preparing the lawsuit.

Read more of this story at Slashdot.

An anonymous reader shares a report: Burger King is launching an AI chatbot that will live in the headsets used by employees. The voice-enabled chatbot, called "Patty," is part of an overarching BK Assistant platform that will not only assist employees with meal preparation but also evaluate their interactions with customers for "friendliness." Thibault Roux, Burger King's chief digital officer, tells The Verge that the company compiled information from franchisees and guests on how to measure friendliness, resulting in the fast food chain training its AI system to recognize certain words and phrases, such as "welcome to Burger King," "please," and "thank you." Managers can then ask the AI assistant how their location is performing on friendliness. "This is all meant to be a coaching tool," Roux says, adding that the company is "iterating" on capturing the tone of conversations as well.

Read more of this story at Slashdot.

HBO Max will be cracking down on password sharing around the world. From a report: The streamer first started cracking down on password sharing in the United States late last August. Subscribers are now able to add an additional out-of-household account for $7.99 a month. Before that August change, Warner Bros. Discovery had been testing for months to determine who may or may not be a "legitimate user," as CEO and President for Warner Bros. Discovery Global Streaming and Games JB Perrette described the plan. On Thursday during the company's fourth quarter earnings call for 2025, WBD revealed that the streaming limitations would be expanding. This news came as part of an answer about which levers the company plans to pull to grow HBO Max. Password crackdowns have proven to be a lucrative way to both boost revenue and subscriptions. Netflix, for example, saw 9 million more subscribers after its first wave of password crackdowns in 2024. The caveat is that password crackdowns do not lead to consistent growth, and they often infuriate subscribers.

Read more of this story at Slashdot.

An anonymous reader shares a report: Some Uber employees have built an AI clone of CEO Dara Khosrowshahi -- internally dubbed "Dara AI" -- and have been using it to rehearse and fine-tune presentations before delivering them to the actual Khosrowshahi, he revealed on a recent podcast. Khosrowshahi said a team member told him that some teams "make the presentation to the Dara AI as a prep for making a presentation to me," and that the bot helps them adjust their slides and sharpen their delivery. Asked by the podcast host whether employees might eventually show Dara AI to the board, Khosrowshahi laughed but noted that AI models still can't process and act on new information the way executives do. "When the models can learn in real-time, that is the point at which I'm going to think that, yeah, we are all replaceable," he said.

Read more of this story at Slashdot.

Sanae Takaichi’s political rise presages a stronger Japan that could reshape the strategic balance in Asia and help deter Chinese aggression.

​ The North Korean leader said that his country can get along well with the United States as long as Washington accepts it as a nuclear weapons state.

President Emmanuel Macron has championed a refurbishment of the museum, but the fallout from a sensational heist has put his plans at risk.

Some officials in the Trump administration hope an attack would force Iran to give up its nuclear enrichment program. Others have doubts.

A parliamentary by-election in Gorton and Denton, outside Manchester, will test support for Britain’s prime minister at a moment of intense political pressure.

The foreign roots of the men accused of killing 15 at a Jewish event have helped make Pauline Hanson and her One Nation party more palatable for some Australians.

President Trump has kept up a steady drumbeat of threats and built up U.S. troops in the region. Iran’s task is to give him a win but also preserve some semblance of nuclear enrichment.

Mr. Lai was sentenced on Feb. 9. Weeks later, a court quashed a separate fraud conviction against him, a ruling that did not shorten his imprisonment.

Anthropic last week promoted Claude Code Security, a research preview capability that uses its Claude Opus 4.6 model to hunt for software vulnerabilities, claiming its red team had surfaced over 500 bugs in production open-source codebases -- but security researchers say the real bottleneck was never discovery. Guy Azari, a former security researcher at Microsoft and Palo Alto Networks, told The Register that only two to three of those 500 vulnerabilities have been fixed and none have received CVE assignments. The National Vulnerability Database already carried a backlog of roughly 30,000 CVE entries awaiting analysis in 2025, and nearly two-thirds of reported open-source vulnerabilities lacked an NVD severity score. The curl project closed its bug bounty program because maintainers could no longer handle the flood of poorly crafted reports from AI tools and humans alike. Feross Aboukhadijeh, CEO of security firm Socket, said discovery is becoming dramatically cheaper but validating findings, coordinating with maintainers, and developing architecture-aligned patches remains slow, human-intensive work.

Read more of this story at Slashdot.

Documents released by the Justice Department briefly mention a woman’s unverified accusation that Donald J. Trump assaulted her in the 1980s, when she was a minor. But several memos related to her account are not in the files.

The firings are part of a rolling barrage of retribution aimed at those who worked on the two federal prosecutions of President Trump.