Google's AI arm DeepMind has been holding back the release of its world-renowned research, as it seeks to retain a competitive edge in the race to dominate the burgeoning AI industry. From a report: The group, led by Nobel Prize-winner Sir Demis Hassabis, has introduced a tougher vetting process and more bureaucracy that made it harder to publish studies about its work on AI, according to seven current and former research scientists at Google DeepMind. Three former researchers said the group was most reluctant to share papers that reveal innovations that could be exploited by competitors, or cast Google's own Gemini AI model in a negative light compared with others. The changes represent a significant shift for DeepMind, which has long prided itself on its reputation for releasing groundbreaking papers and as a home for the best scientists building AI. Meanwhile, huge breakthroughs by Google researchers -- such as its 2017 "transformers" paper that provided the architecture behind large language models -- played a central role in creating today's boom in generative AI. Since then, DeepMind has become a central part of its parent company's drive to cash in on the cutting-edge technology, as investors expressed concern that the Big Tech group had ceded its early lead to the likes of ChatGPT maker OpenAI. "I cannot imagine us putting out the transformer papers for general use now," said one current researcher. Among the changes in the company's publication policies is a six-month embargo before "strategic" papers related to generative AI are released. Researchers also often need to convince several staff members of the merits of publication, said two people with knowledge of the matter.

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Credit card interest rates, which averaged 23% in 2023, are significantly higher than any other major loan product primarily due to non-diversifiable default risk and banks' market power, according to research published by the Federal Reserve Bank of New York. The comprehensive study, which analyzed 330 million monthly credit card accounts, found that while high default losses contribute to elevated rates, they explain only part of the picture. Even high-FICO borrowers pay spreads exceeding 7% above the federal funds rate. Researchers determined that credit card banks have substantial pricing power, achieved through exceptionally high operating expenses -- about 4-5% of dollar balances annually -- with marketing costs ten times higher than those at other banks. "Credit card charge-off rates are highly correlated with default rates on banks' other loans as well as on corporate bonds," the researchers said, noting that default risk cannot be diversified away across lending markets, particularly during economic downturns. The study estimated that exposure to aggregate default risk carries a premium of 5.3% per year, which fully explains the relationship between return on assets and credit scores. Credit cards are ubiquitous in American finance, with 74% of adults owning at least one card, and the payment method accounting for 70% of retail spending. According to the research, 60% of accounts carry balances month-to-month.

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The government says it tightened citizenship rules because of a deluge of applications from the descendants of emigrants who only coveted an Italian passport.

London's mayor has axed a cyber crime helpline for the victims of online abuse, triggering a backlash from campaigners who argue that women and girls will be left struggling to access vital support. From a report: The service, which was shut down on Tuesday, assisted victims of fraud, revenge porn and cyberstalking to protect their digital identity. During its 18-months of operation it led to 2,060 cases being opened. The helpline was launched in 2023 as a one-year pilot scheme with $220,000 in funding from the Mayor's Office for Policing and Crime (Mopac), and was later extended by six months. Conservative London Assembly member Emma Best said an informal evaluation showed the helpline "was working" and was going to be extended for another year. However, Sadiq Khan said that the scheme would be closed. "It was a pilot and pilots are what they say on the tinâ... we will receive an end of project report, we have collected the data and the results of that report will inform our future work," he said, speaking at Mayor's Question Time.

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The attack was the second in less than a week, raising fears that a cease-fire between Israel and Hezbollah could unravel.

Anthropic said it will start sweeping physical offices for hidden devices as part of a ramped-up security effort as the AI race intensifies. From a report: The company, backed by Amazon and Google, published safety and security updates in a blog post on Monday, and said it also plans to establish an executive risk council and build an in-house security team. Anthropic closed its latest funding round earlier this month at a $61.5 billion valuation, which makes it one of the highest-valued AI startups. In addition to high-growth startups, tech giants including Google, Amazon and Microsoft are racing to announce new products and features. Competition is also coming from China, a risk that became more evident earlier this year when DeepSeek's AI model went viral in the U.S. Anthropic said in the post that it will introduce "physical" safety processes, such as technical surveillance countermeasures -- or the process of finding and identifying surveillance devices that are used to spy on organizations. The sweeps will be conducted "using advanced detection equipment and techniques" and will look for "intruders."

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Taiwan can no longer shelter under the delusion that the U.S. will defend it against China.

Voters in a crucial court race and two House special elections will provide hints of how the country views President Trump and Elon Musk, months after they took power.

During Ramadan, political parties used the events to signal potential alliances after the ouster of the country’s authoritarian leader.

A brewing shift toward religious conservatism has emerged from the political vacuum in this country of 175 million people.

In Britain, amid growing evidence of harm to young people from extreme content online, a “Smartphone Free Childhood” campaign is going viral.

The state attorney general had raised the possibility of charging doctors with criminal conspiracy for recommending abortion care out of state.

A judge dismissed an attempt to use a bankruptcy court to resolve tens of thousands of claims that the company’s talcum power products caused cancer.

An anonymous reader quotes a report from Ars Technica: The first flight of Isar Aerospace's Spectrum rocket didn't last long on Sunday. The booster's nine engines switched off as the rocket cartwheeled upside-down and fell a short distance from its Arctic launch pad in Norway, punctuating the abbreviated test flight with a spectacular fiery crash into the sea. If officials at Isar Aerospace were able to pick the outcome of their first test flight, it wouldn't be this. However, the result has precedent. The first launch of SpaceX's Falcon 1 rocket in 2006 ended in similar fashion. "Today, we know twice as much about our launch system as yesterday before launch," Daniel Metzler, Isar's co-founder and CEO, wrote on X early Monday. "Can't beat flight testing. Ploughing through lots of data now." Isar Aerospace, based in Germany, is the first in a crop of new European rocket companies to attempt an orbital launch. If all went according to plan, Isar's Spectrum rocket would have arced to the north from Andoya Spaceport in Norway and reached a polar orbit. But officials knew there was only a low chance of reaching orbit on the first flight. For this reason, Isar did not fly any customer payloads on the Spectrum rocket, designed to deliver up to 2,200 pounds (1,000 kilograms) of payload mass to low-Earth orbit. [...] Isar declared the launch a success in its public statements, but was it? [...] Metzler, Isar's chief executive, was asked last year what he would consider a successful inaugural flight of Spectrum. "For me, the first flight will be a success if we don't blow up the launch site," he said at the Handelsblatt innovation conference. "That would probably be the thing that would set us back the most in terms of technology and time." This tempering of expectations sounds remarkably similar to statements made by Elon Musk about SpaceX's first flight of the Starship rocket in 2023. By this measure, Isar officials can be content with Sunday's result. The company is modeling its test strategy on SpaceX's iterative development cycle, where engineers test early, make fixes, and fly again. This is in stark contrast to the way Europe has traditionally developed rockets. The alternative to Isar's approach could be to "spend 15 years researching, doing simulations, and then getting it right the first time," Metzler said. With the first launch of Spectrum, Isar has tested the rocket. Now, it's time to make fixes and fly again. That, Isar's leaders argue, will be the real measure of success. "We're super happy," Metzler said in a press call after Sunday's flight. "It's a time for people to be proud of, and for Europe, frankly, also to be proud of." You can watch a replay of the live launch webcast on YouTube.

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The Constitutional Court will announce on Friday whether Yoon Suk Yeol, who was impeached in December for declaring martial law, will be permanently removed from office or restored to power.

Suni Williams and Butch Wilmore spoke in their first news conference since returning to Earth two weeks ago from an unexpectedly long I.S.S. stay that lasted more than nine months.

The House minority leader accused Gov. Greg Abbott of Texas of holding up a special election to keep the Republicans’ slim majority steady.

Software engineer Sergey Tselovalnikov weighs in on the new hype: The term caught on and Twitter quickly flooded with posts about how AI has radically transformed coding and will soon replace all software engineers. While AI undeniably impacts the way we write code, it hasn't fundamentally changed our role as engineers. Allow me to explain. [...] Vibe coding is interacting with the codebase via prompts. As the implementation is hidden from the "vibe coder", all the engineering concerns will inevitably get ignored. Many of the concerns are hard to express in a prompt, and many of them are hard to verify by only inspecting the final artifact. Historically, all engineering practices have tried to shift all those concerns left -- to the earlier stages of development when they're cheap to address. Yet with vibe coding, they're shifted very far to the right -- when addressing them is expensive. The question of whether an AI system can perform the complete engineering cycle and build and evolve software the same way a human can remains open. However, there are no signs of it being able to do so at this point, and if it one day happens, it won't have anything to do with vibe coding -- at least the way it's defined today. [...] It is possible that there'll be a future where software is built from vibe-coded blocks, but the work of designing software able to evolve and scale doesn't go away. That's not vibe engineering -- that's just engineering, even if the coding part of it will look a bit different.

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The court papers suggest that the administration has set a low bar for seeking the removal of the Venezuelan migrants, whom officials have described as belonging to the street gang, Tren de Aragua.

The lawsuit accuses President Trump of vastly overstepping his authority to “upturn the electoral playing field in his favor and against his political rivals.”