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UK central bank warns of 'sudden correction' in tech stocks

The Bank of England's Financial Policy Committee has warned of the dangers of a sudden correction in the financial markets, owing to the value of tech and AI stocks, and has compared the risks to the dotcom bubble.…

American companies have begun cutting middle management positions at rates not seen in years. Google eliminated 35% of managers overseeing teams of fewer than three in August. Fiverr announced in September it would shed managers to focus on AI. Amazon trimmed its management ranks throughout the year and cut positions at its cloud-computing division in July. Meta's Mark Zuckerberg has complained about managers managing managers since 2023. Phrases relating to reducing management layers appeared 98 times on earnings calls of companies in the S&P global index this year, twice the frequency of all of 2022. The cuts stem partly from an uncertain economic environment and President Donald Trump's tariff regime, Economist writes. The pandemic created the conditions for the current retrenchment. Companies furloughed staff during Covid-19 and then hired rapidly to meet demand for e-commerce and digital services. They promoted employees to management positions to retain talent even when those managers supervised only one or two subordinates. Between 2019 and 2024, five of the ten fastest-growing job categories were management roles. Since November 2022, listed American companies have cut middle-management positions by around 3% on average.

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Giving the mainframe customers what they want

IBM's Spyre Accelerator is set to be generally available later this month, delivering a boost to the AI capabilities of its enterprise-grade hardware including the z17 mainframe, LinuxONE 5, and Power11 systems.…

A Pew Research Center survey, released today, found that TV remains the dominant screen for American children aged twelve and younger. 90% of parents reported that their child watches TV. Tablets are used by 68% of children in this age group. 61% use smartphones. The survey of U.S. parents also documented emerging technology patterns. About one in ten parents said their child between five and twelve years old uses AI chatbots such as ChatGPT or Gemini. Roughly four in ten parents reported that their child uses voice assistants like Siri or Alexa. YouTube appeared in 85% of households. Half of parents said their child uses gaming devices. About four in ten reported desktop or laptop use. The survey found that 62% of parents said their child under two watches television. 42% of parents said they could be doing better at managing screen time for their children.

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Microsoft promises fewer 'mailbox full' errors in face of message deluge

Microsoft's latest attempt to make the dreaded "mailbox full" response a thing of the past is rolling out in October and November. Threshold-based auto-archiving is coming to Exchange Online.…

South Korea's government may have permanently lost 858TB of information after a fire at a data center in Daejeon. From a report: As reported by DCD, a battery fire at the National Information Resources Service (NIRS) data center, located in the city of Daejeon, on September 26, has caused havoc for government services in Korea. Work to restore the data center is ongoing, but officials fear data stored on the government's G-Drive may be gone for good. G-Drive, which stands for Government Drive and is not a Google product, was used by government staff to keep documents and other files. Each worker was allocated 30GB of space. According to a report from The Chosun, the drive was one of 96 systems completely destroyed in the fire, and there is no backup. "The G-Drive couldn't have a backup system due to its large capacity," an unnamed official told The Chosun. "The remaining 95 systems have backup data in online or offline forms." While some departmers do not rely on G-Drive, those that do have been badly impacted in the aftermath of the fire. A source from the Ministry of Personnel Management said: "Employees stored all work materials on the G-Drive and used them as needed, but operations are now practically at a standstill."

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Nvidia CEO Jensen Huang said Wednesday that he's surprised Advanced Micro Devices offered 10% of itself to OpenAI as part of a multibillion-dollar partnership announced earlier this week. From a report: "t's imaginative, it's unique and surprising, considering they were so excited about their next generation product," Huang said in an interview with "CNBC's Squawk Box." "I'm surprised that they would give away 10% of the company before they even built it. And so anyhow, it's clever, I guess." OpenAI and AMD reached a deal on Monday, with OpenAI committing to purchase 6 gigawatts worth of AMD chips over multiple years, including its forthcoming MI450 series. As part of the agreement, OpenAI will receive warrants for up to 160 million AMD shares, with vesting milestones based on deployment volume and AMD's share price.

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TiVo, the digital video recording pioneer, has moved on from its legacy DVR technology, focusing instead on its branded operating system software promoting third-party content searches, recommendation, including free ad-supported streaming options and more for smart televisions. From a report: "As of Oct. 1, 2025, TiVo has stopped selling Edge DVR hardware products," the company said in an AI-based message. The recording said that the company and its associates no longer manufacture DVR hardware, "and our remaining inventory is now depleted." TiVo said it remains "committed to providing support for our DVR customers and will continue to provide support for the foreseeable future." TiVo in 1999 created the first set-top device enabling users to record and skip ads within television programming.

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Vendors promote bridge to modern architecture for legacy systems, but Db2 not going anywhere just yet

IBM has signed an OEM agreement with Cockroach Labs – maker of the distributed PostgreSQL-like cloud RDBMS CockroachDB – in a bid to help modernize mission-critical applications reliant on mainframe hardware.…

Can be shifted for a tenth of the price AND the wings don't have to come off – allegedly

Texas senators John Cornyn and Ted Cruz have hit back at a Smithsonian memo on relocating Space Shuttle Discovery, claiming the institute's cost estimates are "more than ten times higher" than quotes from private logistics firms.…

AmiMoJo shares a report from the BBC: Renewable energy overtook coal as the world's leading source of electricity in the first half of this year -- a historic first, according to new data from the global energy think tank Ember. Electricity demand is growing around the world but the growth in solar and wind was so strong it met 100% of the extra electricity demand, even helping drive a slight decline in coal and gas use. However, Ember says the headlines mask a mixed global picture. Developing countries, especially China, led the clean energy charge but richer nations including the US and EU relied more than before on planet-warming fossil fuels for electricity generation. This divide is likely to get more pronounced, according to a separate report from the International Energy Agency (IEA). It predicts renewables will grow much less strongly than forecast in the US as a result of the policies of President Donald Trump's administration. Coal, a major contributor to global warming, was still the world's largest individual source of energy generation in 2024, a position it has held for more than 50 years, according to the IEA.

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Berlin's opposition likely kills off Brussels' bid to scan everyone's messages

Germany has committed to oppose the EU's controversial "Chat Control" regulations following huge pressure from multiple activists and major organizations.…

JIT compiler included but experimental and can slow performance

The Python team has released version 3.14, with big new features including free threading support, the ability to use concurrent interpreters, improved debugger support, and an opt-in new interpreter which improves performance by 3 to 5 percent.…

From homework helper to psychological hazard in 300 hours of sycophantic validation

Feature When a close family member contacted Etienne Brisson to tell him that he'd created the world's first sentient AI, the Quebecois business coach was intrigued. But things quickly turned dark. The 50-year-old man, who had no prior mental health history, ended up spending time in a psychiatric ward.…

Broadband biz teams up with Good Things Foundation to teach the digitally doddery how to dodge fraud

UK network Virgin Media O2 is taking steps to combat fraud with a nationwide education scheme that aims to help vulnerable people and older folk avoid becoming victims.…

No idea who's behind it, just happy it's over

London-based wholesale telecoms biz ICUK is back on track after a multi-day DDoS attack on its network and systems.…

XXongo writes: A New York times article suggests that merging the diagnosis of Asperger's syndrome into the Autism diagnosis in 2013, thus creating the "autism spectrum disorder," was not helpful (paywalled; alternative source). That broadening of the diagnosis, along with the increasing awareness of the disorder, is largely responsible for the steep rise in autism cases that Health Secretary Robert F. Kennedy Jr. has called "an epidemic" and has attributed to theories of causality that mainstream scientists reject, like vaccines and, more recently, Tylenol. But the same diagnosis now applies to both people who are non-verbal, frequently engage in self-destructive behavior such as pounding their heads against the floor, and may require full-time care, but also to people who are merely somewhat socially awkward, possibly engage in repetitive behaviors, and have a narrow range of interests. "Everything changed when we included Asperger's [in the diagnosis of autism]," said Dr. Eric Fombonne, a psychiatrist and researcher at Oregon Health & Science University. He noted that in the earliest studies of autism rates, 75% of people with the diagnosis had intellectual disabilities. Now, only about a third do.

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Department also wedded to Big Red in shared service applications

The UK's Home Office has signed a new deal with Oracle for around £54 million ($72 million) in cloud infrastructure and platform services as it gears up as the centerpiece of a government shared services strategy based on Big Red.…

Recyclers reckon millions of obsolete PCs could yield a small fortune in precious metals

There's gold in them thar piles of old Windows 10 PCs. Quite literally, according to recyclers.…

Researchers argue that this dark pattern poses a legal risk

AI companion apps such as Character.ai and Replika commonly try to boost user engagement with emotional manipulation, a practice that academics characterize as a dark pattern.…