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Revealing News For a Better World

News Stories
Excerpts of Key News Stories in Major Media


Below are highly revealing excerpts of key news stories from the major media that suggest major cover-ups and corruption. Links are provided to the full stories on their media websites. If any link fails to function, read this webpage. These news stories are listed by date posted. You can explore the same list by order of importance or by date of news story. By choosing to educate ourselves and to spread the word, we can and will build a brighter future.

Note: This comprehensive list of news stories is usually updated once a week. Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.


There's no way for humanity to win an AI arms race
2024-08-04, Washington Post
Posted: 2024-08-12 23:06:33
https://www.washingtonpost.com/opinions/2024/08/04/sam-altman-ai-arms-race/

In 2017, hundreds of artificial intelligence experts signed the Asilomar AI Principles for how to govern artificial intelligence. I was one of them. So was OpenAI CEO Sam Altman. The signatories committed to avoiding an arms race on the grounds that "teams developing AI systems should actively cooperate to avoid corner-cutting on safety standards." The stated goal of OpenAI is to create artificial general intelligence, a system that is as good as expert humans at most tasks. It could have significant benefits. It could also threaten millions of lives and livelihoods if not developed in a provably safe way. It could be used to commit bioterrorism, run massive cyberattacks or escalate nuclear conflict. Given these dangers, a global arms race to unleash artificial general intelligence AGI serves no one's interests. The true power of AI lies ... in its potential to bridge divides. AI might help us identify fundamental patterns in global conflicts and human behavior, leading to more profound solutions. AI's ability to process vast amounts of data could help identify patterns in global conflicts by suggesting novel approaches to resolution that human negotiators might overlook. Advanced natural language processing could break down communication barriers, allowing for more nuanced dialogue between nations and cultures. Predictive AI models could identify early signs of potential conflicts, allowing for preemptive diplomatic interventions.

Note: Learn more about emerging warfare technology in our comprehensive Military-Intelligence Corruption Information Center. For more, see concise summaries of deeply revealing news articles on AI from reliable major media sources.


A booming industry of AI age scanners, aimed at children's faces
2024-08-07, Washington Post
Posted: 2024-08-12 23:03:54
https://www.washingtonpost.com/technology/2024/08/07/face-scanning-kids-onlin...

In 2021, parents in South Africa with children between the ages of 5 and 13 were offered an unusual deal. For every photo of their child's face, a London-based artificial intelligence firm would donate 20 South African rands, about $1, to their children's school as part of a campaign called "Share to Protect." With promises of protecting children, a little-known group of companies in an experimental corner of the tech industry known as "age assurance" has begun engaging in a massive collection of faces, opening the door to privacy risks for anyone who uses the web. The companies say their age-check tools could give parents ... peace of mind. But by scanning tens of millions of faces a year, the tools could also subject children – and everyone else – to a level of inspection rarely seen on the open internet and boost the chances their personal data could be hacked, leaked or misused. Nineteen states, home to almost 140 million Americans, have passed or enacted laws requiring online age checks since the beginning of last year, including Virginia, Texas and Florida. For the companies, that's created a gold mine. But ... Alex Stamos, the former security chief of Facebook, which uses Yoti, said "most age verification systems range from ‘somewhat privacy violating' to ‘authoritarian nightmare.'" Some also fear that lawmakers could use the tools to bar teens from content they dislike, including First Amendment-protected speech.

Note: Learn about Proctorio, an AI surveillance anti-cheating software used in schools to monitor children through webcams–conducting "desk scans," "face detection," and "gaze detection" to flag potential cheating and to spot anybody "looking away from the screen for an extended period of time." For more along these lines, see concise summaries of deeply revealing news articles on AI and the disappearance of privacy from reliable major media sources.


Big tech firms profit from disorder. Don't let them use these riots to push for more surveillance
2024-08-07, The Guardian (One of the UK's Leading Newspapers)
Posted: 2024-08-12 23:01:25
https://www.theguardian.com/commentisfree/article/2024/aug/07/big-tech-disord...

The eruption of racist violence in England and Northern Ireland raises urgent questions about the responsibilities of social media companies, and how the police use facial recognition technology. While social media isn't the root of these riots, it has allowed inflammatory content to spread like wildfire and helped rioters coordinate. The great elephant in the room is the wealth, power and arrogance of the big tech emperors. Silicon Valley billionaires are richer than many countries. That mature modern states should allow them unfettered freedom to regulate the content they monetise is a gross abdication of duty, given their vast financial interest in monetising insecurity and division. In recent years, [facial recognition] has been used on our streets without any significant public debate. We wouldn't dream of allowing telephone taps, DNA retention or even stop and search and arrest powers to be so unregulated by the law, yet this is precisely what has happened with facial recognition. Our facial images are gathered en masse via CCTV cameras, the passport database and the internet. At no point were we asked about this. Individual police forces have entered into direct contracts with private companies of their choosing, making opaque arrangements to trade our highly sensitive personal data with private companies that use it to develop proprietary technology. There is no specific law governing how the police, or private companies ... are authorised to use this technology. Experts at Big Brother Watch believe the inaccuracy rate for live facial recognition since the police began using it is around 74%, and there are many cases pending about false positive IDs.

Note: Many US states are not required to reveal that they used face recognition technology to identify suspects, even though misidentification is a common occurrence. For more along these lines, see concise summaries of deeply revealing news articles on Big Tech and the disappearance of privacy from reliable major media sources.


Texas AG wins $1.4B settlement from Facebook parent Meta over facial-capture charges
2024-07-30, NBC News
Posted: 2024-08-12 22:59:04
https://www.nbcnews.com/business/business-news/texas-ag-wins-1point4-billion-...

Texas Attorney General Ken Paxton has won a $1.4 billion settlement from Facebook parent Meta over charges that it captured users' facial and biometric data without properly informing them it was doing so. Paxton said that starting in 2011, Meta, then known as Facebook, rolled out a "tag" feature that involved software that learned how to recognize and sort faces in photos. In doing so, it automatically turned on the feature without explaining how it worked, Paxton said – something that violated a 2009 state statute governing the use of biometric data, as well as running afoul of the state's deceptive trade practices act. "Unbeknownst to most Texans, for more than a decade Meta ran facial recognition software on virtually every face contained in the photographs uploaded to Facebook, capturing records of the facial geometry of the people depicted," he said in a statement. As part of the settlement, Meta did not admit to wrongdoing. Facebook discontinued how it had previously used face-recognition technology in 2021, in the process deleting the face-scan data of more than one billion users. The settlement amount, which Paxton said is the largest ever obtained by a single state against a business, will be paid out over five years. "This historic settlement demonstrates our commitment to standing up to the world's biggest technology companies and holding them accountable for breaking the law and violating Texans' privacy rights," Paxton said.

Note: For more along these lines, see concise summaries of deeply revealing news articles on Big Tech and the disappearance of privacy from reliable major media sources.


Google remains focused on its long quest for your eyeballs
2024-05-19, The Guardian (One of the UK's Leading Newspapers)
Posted: 2024-08-12 22:57:04
https://www.theguardian.com/technology/article/2024/may/19/google-ai-overview...

Google announced this week that it would begin the international rollout of its new artificial intelligence-powered search feature, called AI Overviews. When billions of people search a range of topics from news to recipes to general knowledge questions, what they see first will now be an AI-generated summary. While Google was once mostly a portal to reach other parts of the internet, it has spent years consolidating content and services to make itself into the web's primary destination. Weather, flights, sports scores, stock prices, language translation, showtimes and a host of other information have gradually been incorporated into Google's search page over the past 15 or so years. Finding that information no longer requires clicking through to another website. With AI Overviews, the rest of the internet may meet the same fate. Google has tried to assuage publishers' fears that users will no longer see their links or click through to their sites. Research firm Gartner predicts a 25% drop in traffic to websites from search engines by 2026 – a decrease that would be disastrous for most outlets and creators. What's left for publishers is largely direct visits to their own home pages and Google referrals. If AI Overviews take away a significant portion of the latter, it could mean less original reporting, fewer creators publishing cooking blogs or how-to guides, and a less diverse range of information sources.

Note: WantToKnow.info traffic from Google search has fallen sharply as Google has stopped indexing most websites. These new AI summaries make independent media sites even harder to find. For more along these lines, see concise summaries of deeply revealing news articles on AI and Big Tech from reliable major media sources.


Google loses antitrust trial in major blow to tech giant
2024-08-05, Yahoo News
Posted: 2024-08-12 22:54:24
https://finance.yahoo.com/news/google-loses-antitrust-trial-in-major-blow-to-...

The bedrock of Google's empire sustained a major blow on Monday after a judge found its search and ad businesses violated antitrust law. The ruling, made by the District of Columbia's Judge Amit Mehta, sided with the US Justice Department and a group of states in a set of cases alleging the tech giant abused its dominance in online search. "Google is a monopolist, and it has acted as one to maintain its monopoly," Mehta wrote in his ruling. The findings, if upheld, could outlaw contracts that for years all but assured Google's dominance. Judge Mehta ruled that Google violated antitrust law in the markets for "general search" and "general search text" ads, which are the ads that appear at the top of the search results page. Apple, Amazon, and Meta are defending themselves against a series of other federal- and state-led antitrust suits, some of which make similar claims. Google's disputed behavior revolved around contracts it entered into with manufacturers of computer devices and mobile devices, as well as with browser services, browser developers, and wireless carriers. These contracts, the government claimed, violated antitrust laws because they made Google the mandatory default search provider. Companies that entered into those exclusive contracts have included Apple, LG, Samsung, AT&T, T-Mobile, Verizon, and Mozilla. Those deals are why smartphones ... come preloaded with Google's various apps.

Note: For more along these lines, see concise summaries of deeply revealing news articles on Big Tech from reliable major media sources.


Silicon Valley is giving off divorced dad energy
2024-08-06, Business Insider
Posted: 2024-08-12 22:50:40
https://www.businessinsider.com/tech-industry-divorced-dad-energy-google-micr...

Liquid capital, growing market dominance, slick ads, and fawning media made it easy for giants like Google, Microsoft, Apple, and Amazon to expand their footprint and grow their bottom lines. Yet ... these companies got lazy, entitled, and demanding. They started to care less about the foundations of their business – like having happy customers and stable products – and more about making themselves feel better by reinforcing their monopolies. Big Tech has decided the way to keep customers isn't to compete or provide them with a better service but instead make it hard to leave, trick customers into buying things, or eradicate competition so that it can make things as profitable as possible, even if the experience is worse. After two decades of consistent internal innovation, Big Tech got addicted to acquisitions in the 2010s: Apple bought Siri; Meta bought WhatsApp, Instagram, and Oculus; Amazon bought Twitch; Google bought Nest and Motorola's entire mobility division. Over time, the acquisitions made it impossible for these companies to focus on delivering the features we needed. Google, Meta, Amazon, and Apple are simply no longer forces for innovation. Generative AI is the biggest, dumbest attempt that tech has ever made to escape the fallout of building companies by acquiring other companies, taking their eyes off actually inventing things, and ignoring the most important part of their world: the customer.

Note: For more along these lines, see concise summaries of deeply revealing news articles on Big Tech from reliable major media sources.


My home insurer is spying on me
2024-08-07, Business Insider
Posted: 2024-08-12 22:47:26
https://www.businessinsider.com/homeowners-insurance-nightmare-cancellation-s...

My insurance broker left a frantic voicemail telling me that my homeowner's insurance had lapsed. When I finally reached my insurance broker, he told me the reason Travelers revoked my policy: AI-powered drone surveillance. My finances were imperiled, it seemed, by a bad piece of code. As my broker revealed, the ominous threat that canceled my insurance was nothing more than moss. Travelers not only uses aerial photography and AI to monitor its customers' roofs, but also wrote patents on the technology – nearly 50 patents actually. And it may not be the only insurer spying from the skies. No one can use AI to know the future; you're training the technology to make guesses based on changes in roof color and grainy aerial images. But even the best AI models will get a lot of predictions wrong, especially at scale and particularly where you're trying to make guesses about the future of radically different roof designs across countless buildings in various environments. For the insurance companies designing the algorithms, that means a lot of questions about when to put a thumb on the scale in favor of, or against, the homeowner. And insurance companies will have huge incentives to choose against the homeowner every time. When Travelers flew a drone over my house, I never knew. When it decided I was too much of a risk, I had no way of knowing why or how. As more and more companies use more and more opaque forms of AI to decide the course of our lives, we're all at risk.

Note: For more along these lines, see concise summaries of deeply revealing news articles on AI and the disappearance of privacy from reliable major media sources.


Who owns the Moon? A new space race means it could be up for grabs
2024-06-08, BBC News
Posted: 2024-08-12 22:45:03
https://www.bbc.com/news/articles/cxwwjlrk1mlo

This week, images were beamed back to Earth of China's flag unfurled on the Moon. It's the country's fourth landing there. In the past 12 months, India and Japan have also set down spacecraft on the lunar surface. In February, US firm Intuitive Machines became the first private company to put a lander on the Moon. Meanwhile, Nasa wants to send humans back to the Moon, with its Artemis astronauts aiming for a 2026 landing. China says it will send humans to the Moon by 2030. And instead of fleeting visits, the plan is to build permanent bases. A UN agreement from 1967 says no nation can own the Moon. Instead, the fantastically named Outer Space Treaty says it belongs to everyone, and that any exploration has to be carried out for the benefit of all humankind and in the interests of all nations. While the lunar terrain looks rather barren, it contains minerals, including rare earths, metals like iron and titanium - and helium too, which is used in everything from superconductors to medical equipment. Estimates for the value of all this vary wildly, from billions to quadrillions. So it's easy to see why some see the Moon as a place to make lots of money. In 1979, an international treaty declared that no state or organisation could claim to own the resources there. Only 17 countries are party to it, and this does not include any countries who've been to the Moon. The US passed a law in 2015 allowing its citizens and industries to extract, use and sell any space material.

Note: Along with a rush to mine minerals from the moon, a new arms race in space is starting, led by private companies like SpaceX.


How Nature Inspires Technology: The Field of Biomimicry
2023-06-09, Mirage
Posted: 2024-08-12 22:42:53
https://www.miragenews.com/how-nature-inspires-technology-the-field-of-1023128/

Biomimicry is grounded in the concept that nature, with its 3.8 billion years of evolution, has already solved many of the problems we grapple with today. Animals, plants, and microbes are the consummate engineers. Rather than designing new technology from scratch, scientists and engineers often look to nature for inspiration. In its approach, biomimicry involves three essential aspects: Emulating natural forms, mimicking natural processes, and imitating ecosystems. Nature operates under specific principles: it runs on sunlight, uses only the energy it needs, fits form to function, recycles everything, rewards cooperation, banks on diversity, demands local expertise, curbs excesses from within, and taps the power of limits. By aligning our technologies and practices with these principles, we can create not only innovative but also sustainable solutions to our challenges. Architects and engineers are designing buildings that mimic termite mounds, which maintain constant temperature despite external fluctuations. This biomimetic approach reduces energy consumption for heating and cooling. The self-cleaning properties of lotus leaves have inspired a whole range of products. The microscopic structure of a lotus leaf repels water and dirt particles. Today, we have self-cleaning paints and fabrics based on this principle. The bumps on the fins of humpback whales, called tubercles, increase their efficiency in water. Applying this concept to the design of wind turbines has led to blades that produce power more efficiently. Corals can heal themselves by producing an organic mineral in response to physical damage. Scientists have mimicked this process to create a type of concrete that can "heal" its own cracks.

Note: Explore more positive stories like this on healing the Earth and technology for good.


How time in nature builds happier, healthier and more social children
2024-08-04, Washington Post
Posted: 2024-08-12 22:40:53
https://www.washingtonpost.com/wellness/2024/08/04/outdoor-nature-children-co...

The average American today spends nearly 90 percent of their time indoors. Yet research indicates that children benefit greatly from time spent in nature; that not only does it improve their cognition, mood, self-esteem and social skills, but it can also make them physically healthier and less anxious. "Outdoor time for children is beneficial not just for physical health but also mental health for a multitude of reasons," says Janine Domingues, a senior psychologist in the Anxiety Disorders Center at the Child Mind Institute. "It fosters curiosity and independence. It helps kids get creative about what they can do … and then just moving around and expending energy has a lot of physical health benefits." [A] 2022 systematic review found that time outdoors can improve prosocial behaviors, including sharing, cooperating and comforting others. Research has found that nature can be particularly helpful for those who've had adverse childhood experiences. Such experiences can include growing up with poverty, abuse or violence. One 2023 study published in the Journal of Environmental Psychology looked at how making art in nature affected about 100 children in a low-income neighborhood in England. Their confidence, self-esteem and agency all improved. For all these reasons, it's important for even very young children to have access to nature where they already are, says Nilda Cosco, a research professor.

Note: Explore more positive stories like this about reimagining education.


Ants can carry out life-saving amputations on injured nest mates, study shows
2024-07-02, The Guardian (One of the UK's Leading Newspapers)
Posted: 2024-08-12 22:39:09
https://www.theguardian.com/science/article/2024/jul/02/ants-emergency-amputa...

It sounds like a scene from a Spielberg film: an injured worker undergoes an emergency amputation, performed by one of her colleagues, allowing her to live another day. But this is not a human story – it is behaviour seen in ants. While it is not the first time wound care has been seen in ants, scientists say their discovery is the first example of a non-human animal carrying out life-saving amputations. Surprisingly, the insects appear to tailor the treatment they give to the location of injury. "The ants are able to diagnose, to some extent, the wounds and treat them accordingly to maximise the survival of the injured," said Dr Erik Frank, from the University of Lausanne. Writing in the journal Current Biology, Frank and colleagues report how they cut Florida carpenter ants (Camponotus floridanus) on their right hind limb, then observed the responses of their nest mates for a week. "Nest mates would begin licking the wound before moving up the injured limb with their mouthparts until they reached the trochanter. The nest mates then proceeded to repeatedly bite the injured leg until it was cut off," the team wrote. By contrast, no amputations were observed for the nine ants with injuries on their tibia, or lower leg. Instead, these ants received only wound care from their nest mates in the form of licking. "It is another example of an adaptation in the lives of social insect workers in which workers help each other to work for their colony and to help their colony," [Prof Francis Ratnieks at the University of Sussex] said. "Such as when a worker honeybee makes a waggle dance to direct a nest mate to food, or when a worker sacrifices its life in defence of the colony, or here where workers amputate the limbs of an injured or infected worker."

Note: Explore more positive stories like this about animal wonders.


National Science Foundation spent millions on AI censorship tools to quash ‘misinformation'
2024-02-06, Washington Times
Posted: 2024-08-05 20:08:48
https://www.washingtontimes.com/news/2024/feb/6/national-science-foundation-s...

The National Science Foundation spent millions of taxpayer dollars developing censorship tools powered by artificial intelligence that Big Tech could use "to counter misinformation online" and "advance state-of-the-art misinformation research." House investigators on the Judiciary Committee and Select Committee on the Weaponization of Government said the NSF awarded nearly $40 million ... to develop AI tools that could censor information far faster and at a much greater scale than human beings. The University of Michigan, for instance, was awarded $750,000 from NSF to develop its WiseDex artificial intelligence tool to help Big Tech outsource the "responsibility of censorship" on social media. The release of [an] interim report follows new revelations that the Biden White House pressured Amazon to censor books about the COVID-19 vaccine and comes months after court documents revealed White House officials leaned on Twitter, Facebook, YouTube and other sites to remove posts and ban users whose content they opposed, even threatening the social media platforms with federal action. House investigators say the NSF project is potentially more dangerous because of the scale and speed of censorship that artificial intelligence could enable. "AI-driven tools can monitor online speech at a scale that would far outmatch even the largest team of 'disinformation' bureaucrats and researchers," House investigators wrote in the interim report.

Note: For more along these lines, see concise summaries of deeply revealing news articles on AI and censorship from reliable sources.


Google's wrong answer to the threat of AI – stop indexing content
2024-07-20, The Guardian (One of the UK's Leading Newspapers)
Posted: 2024-08-05 20:05:55
https://www.theguardian.com/commentisfree/article/2024/jul/20/googles-wrong-a...

Once upon a time ... Google was truly great. A couple of lads at Stanford University in California had the idea to build a search engine that would crawl the world wide web, create an index of all the sites on it and rank them by the number of inbound links each had from other sites. The arrival of ChatGPT and its ilk ... disrupts search behaviour. Google's mission – "to organise the world's information and make it universally accessible" – looks like a much more formidable task in a world in which AI can generate infinite amounts of humanlike content. Vincent Schmalbach, a respected search engine optimisation (SEO) expert, thinks that Google has decided that it can no longer aspire to index all the world's information. That mission has been abandoned. "Google is no longer trying to index the entire web," writes Schmalbach. "In fact, it's become extremely selective, refusing to index most content. This isn't about content creators failing to meet some arbitrary standard of quality. Rather, it's a fundamental change in how Google approaches its role as a search engine." The default setting from now on will be not to index content unless it is genuinely unique, authoritative and has "brand recognition". "They might index content they perceive as truly unique," says Schmalbach. "But if you write about a topic that Google considers even remotely addressed elsewhere, they likely won't index it. This can happen even if you're a well-respected writer with a substantial readership."

Note: WantToKnow.info and other independent media websites are disappearing from Google search results because of this. For more along these lines, see concise summaries of deeply revealing news articles on AI and censorship from reliable sources.


The AI Search War Has Begun
2024-07-30, The Atlantic
Posted: 2024-08-05 20:03:35
https://www.theatlantic.com/technology/archive/2024/07/perplexity-ai-search-m...

Google and a few other search engines are the portal through which several billion people navigate the internet. Many of the world's most powerful tech companies, including Google, Microsoft, and OpenAI, have recently spotted an opportunity to remake that gateway with generative AI, and they are racing to seize it. Nearly two years after the arrival of ChatGPT, and with users growing aware that many generative-AI products have effectively been built on stolen information, tech companies are trying to play nice with the media outlets that supply the content these machines need. The start-up Perplexity ... announced revenue-sharing deals with Time, Fortune, and several other publishers. These publishers will be compensated when Perplexity earns ad revenue from AI-generated answers that cite partner content. The site does not currently run ads, but will begin doing so in the form of sponsored "related follow-up questions." OpenAI has been building its own roster of media partners, including News Corp, Vox Media, and The Atlantic. Google has purchased the rights to use Reddit content to train future AI models, and ... appears to be the only major search engine that Reddit is permitting to surface its content. The default was once that you would directly consume work by another person; now an AI may chew and regurgitate it first, then determine what you see based on its opaque underlying algorithm. Many of the human readers whom media outlets currently show ads and sell subscriptions to will have less reason to ever visit publishers' websites. Whether OpenAI, Perplexity, Google, or someone else wins the AI search war might not depend entirely on their software: Media partners are an important part of the equation. AI search will send less traffic to media websites than traditional search engines. The growing number of AI-media deals, then, are a shakedown. AI is scraping publishers' content whether they want it to or not: Media companies can be chumps or get paid.

Note: The AI search war has nothing to do with journalists and content creators getting paid and acknowledged for their work. It's all about big companies doing deals with each other to control our information environment and capture more consumer spending. For more along these lines, see concise summaries of deeply revealing news articles on AI and Big Tech from reliable sources.


‘You feel like you're in prison': workers claim Amazon's surveillance violates labor law
2024-05-21, The Guardian (One of the UK's Leading Newspapers)
Posted: 2024-08-05 20:01:01
https://www.theguardian.com/us-news/article/2024/may/21/amazon-surveillance-l...

Amazon has been accused of using "intrusive algorithms" as part of a sweeping surveillance program to monitor and deter union organizing activities. Workers at a warehouse run by the technology giant on the outskirts of St Louis, Missouri, are today filing an unfair labor practice charge with the National Labor Relations Board (NLRB). A copy of the charge ... alleges that Amazon has "maintained intrusive algorithms and other workplace controls and surveillance which interfere with Section 7 rights of employees to engage in protected concerted activity". There have been several reports of Amazon surveilling workers over union organizing and activism, including human resources monitoring employee message boards, software to track union threats and job listings for intelligence analysts to monitor "labor organizing threats". Artificial intelligence can be used by warehouse employers like Amazon "to essentially have 24/7 unregulated and algorithmically processed and recorded video, and often audio data of what their workers are doing all the time", said Seema N Patel ... at Stanford Law School. "It enables employers to control, record, monitor and use that data to discipline hundreds of thousands of workers in a way that no human manager or group of managers could even do." The National Labor Relations Board issued a memo in 2022 announcing its intent to protect workers from AI-enabled monitoring of labor organizing activities.

Note: For more along these lines, see concise summaries of deeply revealing news articles on Big Tech and the disappearance of privacy from reliable major media sources.


‘Encryption is deeply threatening to power': Meredith Whittaker of messaging app Signal
2024-06-18, The Guardian (One of the UK's Leading Newspapers)
Posted: 2024-08-05 19:58:58
https://www.theguardian.com/technology/article/2024/jun/18/encryption-is-deep...

Meredith Whittaker practises what she preaches. As the president of the Signal Foundation, she's a strident voice backing privacy for all. In 2018, she burst into public view as one of the organisers of the Google walkouts, mobilising 20,000 employees of the search giant in a twin protest over the company's support for state surveillance and failings over sexual misconduct. The Signal Foundation ... exists to "protect free expression and enable secure global communication through open source privacy technology". The criticisms of encrypted communications are as old as the technology: allowing anyone to speak without the state being able to tap into their conversations is a godsend for criminals, terrorists and paedophiles around the world. But, Whittaker argues, few of Signal's loudest critics seem to be consistent in what they care about. "If we really cared about helping children, why are the UK's schools crumbling? Why was social services funded at only 7% of the amount that was suggested to fully resource the agencies that are on the frontlines of stopping abuse? Signal either works for everyone or it works for no one. Every military in the world uses Signal, every politician I'm aware of uses Signal. Every CEO I know uses Signal because anyone who has anything truly confidential to communicate recognises that storing that on a Meta database or in the clear on some Google server is not good practice."

Note: For more along these lines, see concise summaries of deeply revealing news articles on Big Tech and the disappearance of privacy from reliable major media sources.


Wall Street's $2 Trillion AI Reckoning
2024-08-02, New York Magazine
Posted: 2024-08-05 19:56:45
https://nymag.com/intelligencer/article/wall-streets-usd2-trillion-ai-reckoni...

On July 16, the S&P 500 index, one of the most widely cited benchmarks in American capitalism, reached its highest-ever market value: $47 trillion. 1.4 percent of those companies were worth more than $16 trillion, the greatest concentration of capital in the smallest number of companies in the history of the U.S. stock market. The names are familiar: Microsoft, Apple, Amazon, Nvidia, Meta, Alphabet, and Tesla. All of them, too, have made giant bets on artificial intelligence. For all their similarities, these trillion-dollar-plus companies have been grouped together under a single banner: the Magnificent Seven. In the past month, though, these giants of the U.S. economy have been faltering. A recent rout led to a collapse of $2.6 trillion in their market value. Earlier this year, Goldman Sachs issued a deeply skeptical report on the industry, calling it too expensive, too clunky, and just simply not as useful as it has been chalked up to be. "There's not a single thing that this is being used for that's cost-effective at this point," Jim Covello, an influential Goldman analyst, said on a company podcast. AI is not going away, and it will surely become more sophisticated. This explains why, even with the tempering of the AI-investment thesis, these companies are still absolutely massive. When you talk with Silicon Valley CEOs, they love to roll their eyes at their East Coast skeptics. Banks, especially, are too cautious, too concerned with short-term goals, too myopic to imagine another world.

Note: For more along these lines, see concise summaries of deeply revealing news articles on AI and corporate corruption from reliable major media sources.


Ozempic's biggest side effect: Turning Denmark into a 'pharmastate'?
2024-07-30, NPR
Posted: 2024-08-05 19:54:24
https://www.npr.org/sections/planet-money/2024/07/26/g-s1-13534/ozempic-bigge...

What if your entire economy was based on one product? For all intents and purposes, Denmark quite literally runs on Ozempic, a diabetes medication that is now widely used by consumers to lose weight. Worldwide sales have increased by over 60% in the past year alone. In the United States, which is one of its largest markets, prescriptions for Ozempic and similar drugs quadrupled between 2020 and 2022. At the end of 2023, Novo became the largest company in Europe. And its rise has eclipsed the Danish economy, creating a lot of value on the one hand, but an imbalanced economy on the other. You might have heard of "petrostates," countries where fossil fuel extraction dominates the economy. By that measure, you might call Denmark a pharmastate, because Novo now dominates the Danish economy. Nearly 1 out of every 5 Danish jobs created last year was at Novo. And that's just directly. If you also include the jobs that Novo has created indirectly – like, for example, at its suppliers, or from all the newly wealthy Novo employees spending their money at shops and restaurants – nearly half of all private-sector nonfarm jobs created in Denmark can be traced back to Novo. Novo Nordisk's meteoric trajectory raises a question about economic growth that's much bigger than just Denmark: Namely, what are the risks of having one giant company driving your entire economy? And crucially, what happens if that company's fortunes take a turn for the worse?

Note: The makers of these weight-loss drugs could be hit with over 10,000 lawsuits over severe adverse events from these drugs. It is now estimated that 1 in 8 adults in the US have taken Ozempic or another weight-loss drug. For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma profiteering from reliable major media sources.


Wealth of global top 1% grew by $42 trillion over past decade: Oxfam
2024-07-25, CNN News
Posted: 2024-08-05 19:52:37
https://www.cnn.com/2024/07/25/economy/wealth-tax-super-rich-oxfam-report?cid...

The top 1% has seen its wealth soar by $42 trillion over the past decade, according to a new analysis by Oxfam International, which is being released ahead of the G20 finance ministers and central bank governors' meeting in Brazil. That's nearly 34 times more than the bottom 50% of global population. The average net worth of the elite jumped by nearly $400,000 per person, after adjusting for inflation, compared to $335 for the bottom half of residents. "Inequality has reached obscene levels, and until now governments have failed to protect people and planet from its catastrophic effects," said Max Lawson, Oxfam International's head of inequality policy. "The richest one percent of humanity continues to fill their pockets while the rest are left to scrap for crumbs." As part of its G20 presidency, the Brazilian government recently commissioned a study on raising taxes on the wealthy. The report, prepared by French economist and inequality expert Gabriel Zucman, found that a 2% minimum tax on global billionaires' wealth would yield between $200 billion and $250 billion from about 3,000 taxpayers annually. According to the EU Tax Observatory ... the super-rich in big countries pay a far smaller share of their income in taxes than ordinary people. Plus, their wealth is taxed at effective rates of just 0%-0.5%. Finance officials from the world's biggest countries began talks earlier this year on introducing a global minimum tax on billionaires.

Note: For more along these lines, see concise summaries of deeply revealing news articles on financial inequality from reliable major media sources.


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