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Protests force disclosure of costs totaling $16,000 per student over 7 year rollout replacing 80 legacy systems

The total cost of a Workday implementation project at Washington University in St. Louis is set to hit almost $266 million, it was revealed after the project was the subject of protests from students.…

A new study of roughly 80,000 bachelor's degree recipients from a large urban public college system finds that characteristics of a graduate's first job can explain nearly two-thirds of the otherwise-unexplained earnings gap between students from low-income and high-income families five years after graduation. The research [PDF], published as an NBER working paper by economists at Columbia University, tracked graduates from 2010 to 2017 using administrative education data linked to state unemployment insurance records. Low-income students -- defined as those receiving Pell grants throughout their undergraduate enrollment -- earned about 12% less than their high-income peers at the five-year mark. A substantial gap of roughly $4,900 persisted even after the researchers controlled for GPA, college attended, major, and other pre-graduation characteristics. That residual gap fell to about $1,700 once first-job variables entered the equation. Graduates from lower-income families tended to start at employers paying lower average wages and were less likely to have their first job secured before graduation. Just 34% of low-income graduates continued at a pre-graduation employer compared to 40% of their higher-income peers. The firms employing low-income graduates paid average wages that were 18% lower than those employing high-income graduates. The researchers say that while the study cannot establish causation, the patterns suggest that supporting low-income students during their transition from college to the labor market may be a fruitful area for policy intervention.

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The Washington Post's top standards editor Thursday decried "frustrating" errors in its new AI-generated personalized podcasts, whose launch has been met with distress by its journalists. From a report: Earlier this week, the Post announced that it was rolling out personalized AI-generated podcasts for users of the paper's mobile app. In a release, the paper said users will be able to choose preferred topics and AI hosts, and could "shape their own briefing, select their topics, set their lengths, pick their hosts and soon even ask questions using our Ask The Post AI technology." But less than 48 hours since the product was released, people within the Post have flagged what four sources described as multiple mistakes in personalized podcasts. The errors have ranged from relatively minor pronunciation gaffes to significant changes to story content, like misattributing or inventing quotes and inserting commentary, such as interpreting a source's quotes as the paper's position on an issue. According to four people familiar with the situation, the errors have alarmed senior newsroom leaders who have acknowledged in an internal Slack channel that the product's output is not living up to the paper's standards. In a message to other WaPo staff shared with Semafor, head of standards Karen Pensiero wrote that the errors have been "frustrating for all of us."

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Carl Rinsch, the director behind the 2013 Keanu Reeves film "47 Ronin," has been found guilty of defrauding Netflix out of $11 million that was meant to fund a science fiction series called "Conquest," which the streaming company ultimately cancelled in 2021 after Rinsch failed to meet any production milestones. A jury in the Southern District of New York convicted the 48-year-old on seven charges: one count each of wire fraud and money laundering, and five counts of transacting in illicitly obtained property. Prosecutors alleged that Rinsch funneled the $11 million through multiple bank accounts into a personal brokerage account, lost more than half of it on securities within two months, and then began speculating on cryptocurrency. Court records show he also spent $2.4 million on a Ferrari and five Rolls Royces, $3.3 million on furniture and antiques, and $387,000 on a Swiss watch. Netflix has written off $55 million in total and has not recovered any funds. Rinsch faces up to 90 years in prison and is scheduled for sentencing on April 17, 2026.

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It's getting crowded up there

Earth's orbit is starting to look like an LA freeway, with more and more satellites being launched each year. If you're worried about collisions and space debris making the area unusable – and you should be – scientists have proposed a new metric to contribute to your anxiety: the CRASH Clock.…

Bank sketches four scenarios in which monetization falters or demand swamps supply by 2030

Goldman Sachs warns that datacenter investments may fail to pay off if the industry is unable to monetize AI models, but hedges its bets by saying that demand could also overwhelm available capacity by 2030.…