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The Federal Deposit Insurance Corporation (FDIC) says banks no longer need prior approval before engaging in crypto-related activities, such as holding digital currency assets or partnering with companies in the industry. Axios reports: After publishing a general caution against banks participating in the industry just two years ago, the FDIC is the latest Trump administration regulator to change its tune entirely amid the president's warm embrace of crypto. "With today's action, the FDIC is turning the page on the flawed approach of the past three years," FDIC acting chairman Travis Hill said in a statement. The OCC was the first of those regulators to revise their guidance, telling banks it supervises earlier this month that they no longer need permission to engage in certain common cryptocurrency-related activities. The Fed as of Friday had not issued any update, though chair Jerome Powell told lawmakers during a congressional hearing last month that the central bank would take a fresh look at the guidance. The new policy clarifies that "FDIC-supervised institutions may engage in permissible activities, including ... digital assets, provided that they adequately manage the associated risks."

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An anonymous reader quotes a report from Ars Technica: Imagine working with special cameras that capture light your eyes can't even see -- ultraviolet rays that cause sunburn, infrared heat signatures that reveal hidden writing, or specific wavelengths that plants use for photosynthesis. Or perhaps using a special camera designed to distinguish the subtle visible differences that make paint colors appear just right under specific lighting. Scientists and engineers do this every day, and they're drowning in the resulting data. A new compression format called Spectral JPEG XL might finally solve this growing problem in scientific visualization and computer graphics. Researchers Alban Fichet and Christoph Peters of Intel Corporation detailed the format in a recent paper published in the Journal of Computer Graphics Techniques (JCGT). It tackles a serious bottleneck for industries working with these specialized images. These spectral files can contain 30, 100, or more data points per pixel, causing file sizes to balloon into multi-gigabyte territory -- making them unwieldy to store and analyze. [...] The current standard format for storing this kind of data, OpenEXR, wasn't designed with these massive spectral requirements in mind. Even with built-in lossless compression methods like ZIP, the files remain unwieldy for practical work as these methods struggle with the large number of spectral channels. Spectral JPEG XL utilizes a technique used with human-visible images, a math trick called a discrete cosine transform (DCT), to make these massive files smaller. Instead of storing the exact light intensity at every single wavelength (which creates huge files), it transforms this information into a different form. [...] According to the researchers, the massive file sizes of spectral images have reportedly been a real barrier to adoption in industries that would benefit from their accuracy. Smaller files mean faster transfer times, reduced storage costs, and the ability to work with these images more interactively without specialized hardware. The results reported by the researchers seem impressive -- with their technique, spectral image files shrink by 10 to 60 times compared to standard OpenEXR lossless compression, bringing them down to sizes comparable to regular high-quality photos. They also preserve key OpenEXR features like metadata and high dynamic range support. The report notes that broader adoption "hinges on the continued development and refinement of the software tools that handle JPEG XL encoding and decoding." Some scientific applications may also see JPEG XL's lossy approach as a drawback. "Some researchers working with spectral data might readily accept the trade-off for the practical benefits of smaller files and faster processing," reports Ars. "Others handling particularly sensitive measurements might need to seek alternative methods of storage."

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Longtime Slashdot reader frank_adrian314159 writes: According to an article in Wired, Elon Musk has appointed a team of technologists from DOGE to "rewrite the code that runs the SSA in months." This codebase has over 60 million lines of COBOL and handles record keeping for all American workers and payments for all Social Security recipients. Given that the code has to track the byzantine regulations dealing with Social Security, it's no wonder that the codebase is this large. What is in question though is whether a small team can rewrite this code "in months." After all, what could possibly go wrong? "The project is being organized by Elon Musk lieutenant Steve Davis ... and aims to migrate all SSA systems off COBOL ... and onto a more modern replacement like Java within a scheduled tight timeframe of a few months," notes Wired. "Under any circumstances, a migration of this size and scale would be a massive undertaking, experts tell WIRED, but the expedited deadline runs the risk of obstructing payments to the more than 65 million people in the US currently receiving Social Security benefits." In 2017, SSA announced a plan to modernize its core systems with a timeline of around five years. However, the work was "pivoted away" because of the pandemic.

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A breach of legacy Cerner servers at Oracle Health exposed patient data from multiple U.S. hospitals and healthcare organizations, with threat actors using compromised customer credentials to steal the data before it had been migrated to Oracle Cloud. Despite confirming the breach privately, Oracle Health has yet to publicly acknowledge the incident. BleepingComputer reports: Oracle Health, formerly known as Cerner, is a healthcare software-as-a-service (SaaS) company offering Electronic Health Records (EHR) and business operations systems to hospitals and healthcare organizations. After being acquired by Oracle in 2022, Cerner was merged into Oracle Health, with its systems migrated to Oracle Cloud. In a notice sent to impacted customers and seen by BleepingComputer, Oracle Health said it became aware of a breach of legacy Cerner data migration servers on February 20, 2025. "We are writing to inform you that, on or around February 20, 2025, we became aware of a cybersecurity event involving unauthorized access to some amount of your Cerner data that was on an old legacy server not yet migrated to the Oracle Cloud," reads a notification sent to impacted Oracle Health customers. Oracle says that the threat actor used compromised customer credentials to breach the servers sometime after January 22, 2025, and copied data to a remote server. This stolen data "may" have included patient information from electronic health records. However, multiple sources told BleepingComputer that it was confirmed that patient data was stolen during the attack. Oracle Health is also telling hospitals that they will not notify patients directly and that it is their responsibility to determine if the stolen data violates HIPAA laws and whether they are required to send notifications. However, the company says they will help identify impacted individuals and provide templates to help with notifications.

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Elon Musk says its xAI company has acquired the social media platform X in an all-stock transaction. "The combination values xAI at $80 billion and X at $33 billion ($45 billion less $12 billion debt)," said Musk. He writes on X: Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at unprecedented speed and scale. X is the digital town square where more than 600M active users go to find the real-time source of ground truth and, in the last two years, has been transformed into one of the most efficient companies in the world, positioning it to deliver scalable future growth. xAI and X's futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent. This combination will unlock immense potential by blending xAI's advanced AI capability and expertise with X's massive reach. The combined company will deliver smarter, more meaningful experiences to billions of people while staying true to our core mission of seeking truth and advancing knowledge. This will allow us to build a platform that doesn't just reflect the world but actively accelerates human progress. I would like to recognize the hardcore dedication of everyone at xAI and X that has brought us to this point. This is just the beginning. Thank you for your continued partnership and support.

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An anonymous reader quotes a report from The Guardian: Trevor Milton, the founder of electric vehicle start-up Nikola who was sentenced to prison last year, was pardoned by Donald Trump late on Thursday, the White House confirmed on Friday. The pardon of Milton, who was sentenced to four years in prison for exaggerating the potential of his technology, could wipe out hundreds of millions of dollars in restitution that prosecutors were seeking for defrauded investors. Milton and his wife donated more than $1.8 million to a Trump re-election campaign fund less than a month before the November election, according to the Federal Election Commission. At Milton's trial, prosecutors say a company video of a prototype truck appearing to be driven down a desert highway was actually a video of a non-functioning Nikola that had been rolled down a hill. Milton had not been incarcerated pending an appeal. Milton said late on Thursday on social media and via a press release that he had been pardoned by Trump. "I am incredibly grateful to President Trump for his courage in standing up for what is right and for granting me this sacred pardon of innocence," Milton said. Here's a timeline of notable events surrounding Nikola: June, 2016: Nikola Motor Receives Over 7,000 Preorders Worth Over $2.3 Billion For Its Electric Truck December, 2016: Nikola Motor Company Reveals Hydrogen Fuel Cell Truck With Range of 1,200 Miles February, 2020: Nikola Motors Unveils Hybrid Fuel-Cell Concept Truck With 600-Mile Range June, 2020: Nikola Founder Exaggerated the Capability of His Debut Truck September, 2020: Nikola Motors Accused of Massive Fraud, Ocean of Lies September, 2020: Nikola Admits Prototype Was Rolling Downhill In Promo Video September, 2020: Nikola Founder Trevor Milton Steps Down as Chairman in Battle With Short Seller October, 2020: Nikola Stock Falls 14 Percent After CEO Downplays Badger Truck Plans November, 2020: Nikola Stock Plunges As Company Cancels Badger Pickup Truck July, 2021: Nikola Founder Trevor Milton Indicted on Three Counts of Fraud December, 2021: EV Startup Nikola Agrees To $125 Million Settlement September, 2022: Nikola Founder Lied To Investors About Tech, Prosecutor Says in Fraud Trial December, 2023: Nikola Founder Trevor Milton Sentenced To 4 Years For Securities Fraud February 19, 2025: Nikola Files for Bankruptcy With Plans To Sell Assets, Wind Down

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A peek behind the curtain in one corner of online advertising

AppLovin, which provides a way for software developers to make money by embedding ads in their mobile apps, has been sued for a third time this month – after short-seller reports accused the biz of fraud and deceptive revenue practices.…

An anonymous reader shares a report: New data recently released by the Environmental Protection Agency indicate that more than 158 million people across the U.S. have drinking water contaminated by toxic "forever chemicals," scientifically known as perfluoroalkyl and polyfluoroalkyl substances (PFAS). "Drinking water is a major source of PFAS exposure. The sheer number of contaminated sites shows that these chemicals are likely present in most of the U.S. water supply," said David Andrews, deputy director of investigations and a senior scientist at the Environmental Working Group (EWG), a nonprofit advocacy organization, in a recent press release.

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Smart TV platforms are increasingly monitoring what appears on users' screens through Automatic Content Recognition (ACR) technology, building detailed viewer profiles for targeted advertising. Roku, which transitioned from a hardware company to an advertising powerhouse, reported $3.5 billion in annual ad revenue for 2024 -- representing 85% of its total income. The company has aggressively acquired ACR-related firms, with Roku-owned technology winning an Emmy in 2023 for advancements in the field. According to market research firm Antenna, 43% of all streaming subscriptions in the United States were ad-supported by late 2024, showing the industry's shift toward advertising-based models. Most users unknowingly consent to this monitoring when setting up their devices. Though consumers can technically disable ACR in their TV settings, doing so often restricts functionality.

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Stanford University researchers have proposed creating "bodyoids" -- ethically sourced human bodies grown from stem cells without neural components for consciousness or pain sensation -- to revolutionize medical research and address organ shortages. In a new opinion piece published in MIT Technology Review, scientists Carsten T. Charlesworth, Henry T. Greely, and Hiromitsu Nakauchi argue that recent advances in biotechnology make this concept increasingly plausible. The approach would combine pluripotent stem cells, artificial uterus technology, and genetic techniques to inhibit brain development. The researchers point to persistent shortages of human biological materials as a major bottleneck in medical progress. More than 100,000 patients currently await solid organ transplants in the US alone, while less than 15% of drugs entering clinical trials receive regulatory approval. These lab-grown bodies could potentially generate patient-specific organs that are perfect immunological matches, eliminate the need for lifelong immunosuppression, and provide personalized drug screening models.

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SAMOSA digested by House last year, but choked on in Senate. Second time's a charm?

A bipartisan group of US lawmakers is once again pushing legislation aimed at reining in the federal government's fragmented and wasteful software licensing practices.…

An anonymous reader shares a report: Amnesty International published a new report this week detailing attempted hacks against two Serbian journalists, allegedly carried out with NSO Group's spyware Pegasus. The two journalists, who work for the Serbia-based Balkan Investigative Reporting Network (BIRN), received suspicious text messages including a link -- basically a phishing attack, according to the nonprofit. In one case, Amnesty said its researchers were able to click on the link in a safe environment and see that it led to a domain that they had previously identified as belonging to NSO Group's infrastructure. "Amnesty International has spent years tracking NSO Group Pegasus spyware and how it has been used to target activists and journalists," Donncha O Cearbhaill, the head of Amnesty's Security Lab, told TechCrunch. "This technical research has allowed Amnesty to identify malicious websites used to deliver the Pegasus spyware, including the specific Pegasus domain used in this campaign." To his point, security researchers like O Cearbhaill who have been keeping tabs on NSO's activities for years are now so good at spotting signs of the company's spyware that sometimes all researchers have to do is quickly look at a domain involved in an attack. In other words, NSO Group and its customers are losing their battle to stay in the shadows. "NSO has a basic problem: They are not as good at hiding as their customers think," John Scott-Railton, a senior researcher at The Citizen Lab, a human rights organization that has investigated spyware abuses since 2012, told TechCrunch.

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An anonymous reader shares a report: A former director of data science at the UK prime minister's office has told MPs that people working with data in government are not typically technical and would be unlikely to get a similar job in the private sector. In a hearing designed to illuminate the challenges facing the Department for Science, Innovation and Technology (DSIT) as it strives to become the digital centre for government, MPs quizzed Laura Gilbert, head of AI for Government, at the Ellison Institute and former director of data science at 10 Downing Street, the prime ministers' office. Members of the House of Common's Science, Innovation and Technology Committee wanted to know about the performance of the Government Digital Service, which in January was moved from the Cabinet Office to DSIT and merged with Central Digital and Data Office (CDDO), the Incubator for AI (i.AI). Gilbert, a particle physicist who has worked in a number of tech industry roles, said one of the challenges was understanding the level of tech skills in the civil service in central government.

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That stands for I Probably Overestimated?

CoreWeave has pared back the scope of its initial public offering amid growing investor uncertainty in an overheating AI marketplace and risks posed by the GPU cloud specialist's exposure to a small number of customers.…

Fake movie trailers created with AI are proliferating across YouTube, with some garnering more views than official studio releases -- and Hollywood studios are quietly profiting from the phenomenon rather than shutting it down. Instead of enforcing copyright on these unauthorized videos, Warner Bros. Discovery, Sony Pictures, and Paramount are claiming monetization rights, directing ad revenue from fake trailers for films like "Superman" and "Gladiator II" into studio coffers, according to a Deadline investigation published Friday. YouTube channels like Screen Culture, which has amassed 1.4 billion views, merge official footage with AI-generated imagery to create convincing trailer mockups that frequently rank higher in search results than legitimate studio releases. "Monetizing unauthorized, unwanted, and subpar uses of human-centered IP is a race to the bottom," SAG-AFTRA told Deadline, condemning studios for profiting from content that exploits performers without permission.

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More than 70 percent of anomalies closed out, but those pesky thrusters are still a problem

NASA says Boeing's Starliner – dubbed the Calamity Capsule – could fly again, but not before the end of 2025 or start of 2026.…

The College Board, described as a $2 billion nonprofit, functions as the primary gatekeeper for academic success within American higher education, according to an analysis by Bloomberg. The organization significantly shapes university admissions by controlling not only who gains entry to college but also influencing what students know upon arrival. This central role in managing and defining higher education admissions positions the Board uniquely. The story adds: The College Board writes the curriculum for 40 AP courses, administers and grades the exams, oversees the PSAT and SAT, and offers a variety of free and paid resources to help prepare for the courses and tests. Many students will wind up paying the company north of $1,000 over the course of their high school career. "If the same people can create the content and create the tests, that's a really great business model where you've got the whole public secondary education system wrapped up in one little company," says Jon Boeckenstedt, the vice provost of enrollment management at Oregon State University and a prominent critic of the College Board. Housing so many parts of the high school experience under one roof has made the New York-based organization immensely wealthy, with more than $1 billion in annual revenue -- on which it pays no taxes as a 501(c)(3) nonprofit. But mere money isn't the biggest source of the College Board's might. Twelve decades after its creation, it's now the closest thing the fragmented American educational system has to a central governing body, with a huge amount of authority over what students are expected to know when they get to college. Higher education is arguably the most important driver of social mobility, as well as the most powerful force in selecting which members of the next generation will set the political and cultural agenda. By controlling who gets in and what they know when they get there, the College Board has become the chief gatekeeper of academic success in America.

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Thanks to Collabora's work on Zink and NVK… and indirectly to GPU-maker's FOSS release, too

Not one but two new drivers for some Nvidia GPUs is a promising, if indirect, offshoot of the GPU maker's open-saucy moves.…

An anonymous reader shares a report: Staff at the Federal Trade Commission have been instructed to no longer refer to the agency as "independent" in complaints, according to an email obtained by The Verge.

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How's that for Platform-as-a-Service?

You've seen small 3D printed models, heard about 3D printers being used to make guns, and even read news about printed food, but a 3D printed train station? Where else could this be but Japan?…