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India Dispatch: The strongest case for India is not merely that it is young, but that it still has time, and it may be the only continental-scale economy that still has it in abundance. India won't cross the demographic threshold for an "old" country -- a median age of 41 -- until the late 2050s, while China reaches that point now. India requires 10.4% sustained GDP growth over 35 years to become rich before aging, compared to China's needed 32% annual growth rate. India's working-age population will increase from 67.5% in 2021 to 69.2% by 2031, with the median age remaining at 34.5 in 2036. The report adds: China's compressed dilemma mirrors what is gripping the developed world, where Europe's share of population over 65 is on track to hit 30% by 2050, up from 8% in 1950. Raising retirement ages -- what economists describe as the closest thing to a silver bullet -- faces older voting blocs, who now make up roughly 40% of those who turn up at the polls in European elections. In the U.S., what J.P. Morgan analysts term a "Social Security cliff" looms by 2033, when the system's trust funds are projected to be exhausted, and hopes that productivity miracles (powered by, hopefully AI) will quietly square this circle look optimistic, leaving much of the rich world and North Asia out of time.

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Produces advice in a single day instead of two weeks – without job losses

The Australian arm of consultancy firm KPMG wrote a 100-page prompt to create an agentic system that prepares tax advice far faster than humans.…

Memory bandwidth boost appears to be the secret sauce in chips used for new memory optimized instance types

Amazon Web Services has revealed it’s started running some custom cuts of Intel’s Xeon 6 processors.…

An anonymous reader shares a report: Apple is manufacturing more of its iPhone 17 phones for the US in India instead of in China, and for the first time, the full lineup of new models will ship from India at launch, according to Bloomberg. The company is also working on a successor to the iPhone 16E that it plans to make in India, Bloomberg says. Apple has increasingly been moving iPhone production to India to reduce its dependence on manufacturing in China. The company already expects to pay $1.1 billion in tariffs for the current quarter, but Bloomberg reports that currently, Apple's exports of iPhones to the US from India are exempted from tariffs. That's despite the Trump administration's 50 percent tariff on many imports from India, and while analyst Patrick Moorhead says the move "does dodge some tariffs," he noted that iPhone subassemblies are still mostly produced in China then shipped to India for final assembly.

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Electricity prices have increased at more than double the inflation rate over the past year, according to NPR reporting. Florida Power & Light customers face monthly bills exceeding $400 during summer months, prompting the utility to seek a 13% rate increase over four years that drew tens of thousands of petition signatures in opposition. The Energy Department projects data centers will consume more electricity than residential customers for the first time in 2026. Natural gas costs for power generation rose 40% in the first half of 2025 compared to 2024, and the department expects another 17% increase next year. Natural gas generates more than 40% of U.S. electricity. One in six households currently struggles to pay electric bills. The federal government provides $4 billion annually in energy assistance for low-income families. Further reading: Big Tech's AI Data Centers Are Driving Up Electricity Bills for Everyone.

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Rami Sinno led Trainium and Inferentia development at Amazon

British chip designer Arm Holdings has reportedly recruited one of Amazon Web Services' top chip engineers.…

Pakistan's internet connectivity dropped to 20% of normal levels Tuesday, affecting the country's 116 million internet users, according to NetBlocks. The outage primarily impacted backbone operator PTCL. It's unclear what caused the outage. The Wireless and Internet Service Providers Association of Pakistan noted the date coincided with a similar collapse in 2022. Pakistan suffered $1.62 billion in economic losses from internet disruptions in 2024, the highest globally. The country confirmed installing a national internet firewall months earlier.

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Google's AI Overviews has returned fraudulent customer service phone numbers in multiple reported incidents. A Reddit user reported their friend received a fake number when searching "Swiggy [an Indian food delivery firm] customer care number," leading to attempted screen-sharing and money request scams. Facebook user Alex Rivlin encountered scammers after searching "royal caribbean customer service phone number 24 hours usa." The fraudulent representative requested credit card information before Rivlin detected the scam. Google said it is "aware" of the issue and has "taken action" against identified numbers. The company stated it is working to "improve results."

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Reconfigure local app settings via a 'simple' POST request

A now-patched flaw in popular AI model runner Ollama allows drive-by attacks in which a miscreant uses a malicious website to remotely target people's personal computers, spy on their local chats, and even control the models the victim's app talks to, in extreme cases by serving poisoned models.…

An anonymous reader shares a report: After years of research, the Wyoming Stable Token Commission has unveiled the mainnet launch of its first official state-backed stablecoin. The so-called Frontier Stable Token (FRNT), marking the first time a U.S. state has issued a blockchain-based, fiat-pegged token meant to be used by retail and enterprises alike, according to an announcement on Tuesday. "FRNT is designed to provide secure, transparent, and efficient digital transactions for individuals, businesses, and institutions -- worldwide," the commission wrote in a statement. "This groundbreaking initiative cements Wyoming at the forefront of digital finance and blockchain innovation." Indeed, the Cowboy State has long been ahead of the curve when it comes to crypto regulation, including in recognizing DAOs as legal entities, creating a framework for "crypto-banks" under the Special Purpose Depository Institutions charter, and passing the state's Stable Token Act -- all meant to draw economic activity to the region.

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Intruders hoped no one would notice their presence

Criminals exploiting a critical vulnerability in open source Apache ActiveMQ middleware are fixing the flaw that allowed them access, after establishing persistence on Linux servers.…