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S&P 500 businesses warn investors they may never see ROI in SEC filings

America's largest corporations are increasingly listing AI among the major risks they must disclose in formal financial filings, despite bullish statements in public about the potential business opportunities it offers.…

An anonymous reader shares a report: Hugging Face, a company with a multi-billion dollar valuation and one of the most commonly used platforms for sharing AI tools and resources, is hosting over 5,000 AI image generation models that are designed to recreate the likeness of real people. These models were all previously hosted on Civitai, an AI model sharing platform 404 Media reporting has shown was used for creating nonconsensual pornography, until Civitai banned them due to pressure from payment processors. Users downloaded the models from Civitai and reuploaded them to Hugging Face as part of a concerted community effort to archive the models after Civitai announced in May it will ban them. In that announcement, Civitai said it will give the people who originally uploaded them "a short period of time" before they were removed. Civitai users began organizing an archiving effort on Discord earlier in May after Civitai indicated it had to make content policy changes due to pressure from payment processors, and the effort kicked into high gear when Civitai announced the new "real people" model policy.

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Candy Crush-maker King is cutting approximately 200 employees, with many positions filled by AI tools the departing workers helped develop, according to multiple sources who spoke anonymously to industry publication MobileGamer.biz. The layoffs heavily target level designers, user research staff, and UX and narrative writers across King's London, Barcelona, Stockholm, and Berlin studios. The London-based Farm Heroes Saga team faces cuts of roughly 50 people, including key leadership positions. "Most of level design has been wiped, which is crazy since they've spent months building tools to craft levels quicker," one staffer said. "Now those AI tools are basically replacing the teams."

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Microsoft employs engineers in China to help maintain Defense Department computer systems, with U.S. citizens serving as "digital escorts" to oversee the foreign workers, according to a ProPublica investigation. The escorts often lack advanced technical expertise to police engineers with far more sophisticated skills, and some are former military personnel paid barely above minimum wage. "We're trusting that what they're doing isn't malicious, but we really can't tell," one current escort told the publication. The arrangement, critical to Microsoft winning federal cloud computing contracts a decade ago, handles sensitive but unclassified government data including materials that directly support military operations. Former CIA and NSA executive Harry Coker called the system a natural opportunity for spies, saying "If I were an operative, I would look at that as an avenue for extremely valuable access."

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The never Nvidia networking party just got another option

Chip vendors like AMD may be closing the gap with Nvidia on GPU FLOPS, memory bandwidth, and HBM capacity, but without a high-speed interconnect and switch, like NVLink and NVSwitch, their ability to scale that performance remains limited.…

An anonymous reader quotes a report from Bloomberg: CoreWeave is expanding a data center that is projected to double the electricity needs of a city near Dallas, another example of the strains that artificial intelligence workloads are placing on the US power supply. Local officials have grappled with how to handle the increased stress on the electricity grid from the project, according to a late 2024 presentation and emails seen by Bloomberg. The site is being developed by Core Scientific and will be used by OpenAI in Denton, Texas. Last week, CoreWeave announced it would acquire Core Scientific for about $9 billion, in part, to gain direct control of its data centers aimed at supplying AI work. Denton, about 50 miles northwest of Dallas, has almost doubled its population in the last 25 years to about 166,000 residents. To meet the spike in AI-related power demand, the city is passing on any extra costs to the data center operator and constructing additional grid infrastructure, Antonio Puente, general manager of local utility Denton Municipal Electric, said in an interview. "To serve the entire load from Core Scientific, we do have some transmission challenges," Puente said. "We will have to make some additional transmission investments." [...] Like some other large AI data center projects, the site in Denton was focused on cryptocurrency mining before pivoting to AI workloads in December. This transition means unrelenting power consumption -- the site will no longer curtail operations when power prices are high -- which will increase grid strain. "Now you're talking about a facility that has to have energy 24 hours a day, 365 days a year," Puente said. That challenge will be mitigated by the addition of backup generators and batteries, he added. Unlike many large projects, the Denton data center didn't receive local tax exemptions. Officials expect more than $600 million in property and sales tax from the data center expansion, more than double the costs it plans to incur, according to an analysis document seen by Bloomberg. It also anticipates that 135 new jobs will be created, according to the document. The Denton site, which is already being rented by CoreWeave, is Core Scientific's largest planned project at about 390 megawatts of power. It's "utilizing the majority of extra system capacity" in the city, wrote a utility executive in a January email seen by Bloomberg. Any additional large power users will exacerbate overloads on the grid, the executive added. "When fully built out, it will host one of the largest GPU clusters in North America," Core Scientific Chief Executive Officer Adam Sullivan said of the site during a May call. "Denton is a flagship facility." The report notes that Texas could face electricity shortages as soon as 2026 due to surging power demand from data centers, oil and gas operations, and crypto mining.

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Outfit was accused of charging for specialist IT labor performed by uncertified folks

A Maryland IT, cloud, and security consultancy will have to pay the US government at least $14.75 million to settle multiple allegations that it issued false invoices between 2018-2023.…

Simular is starting with industries like insurance and healthcare with tons of forms to fill

When Ang Li, co-founder of agent software biz Simular, started working at Google DeepMind in 2017, software engineers at the search giant were skeptical about the usefulness of machine learning, or artificial intelligence (AI) as it has come to be called.…

Uncertainty to blame as businesses wait to see what US Prez Trump does next

World War Fee Gartner has trimmed its growth forecast for worldwide IT spending in 2025 as an "uncertainty pause" hits net new spending, caused in part by the unpredctability of US President Donald Trump's trade tariff policy.…

A team of Japanese researchers has set a new world record for internet speed, transmitting data at 125,000 gigabytes per second over 1,120 miles using a new type of 19-core optical fiber. "That's about 4 million times the average internet speed in the U.S. and would allow you to download the entire Internet Archive in less than four minutes," notes Live Science. It's also "more than twice the previous world record of 50,250 Gbps, previously set by a different team of scientists in 2024." From the report: To achieve this new speed -- which has not been independently verified -- the team developed a new form of optical fiber to send information at groundbreaking speeds over roughly the distance between New York and Florida. Details about this achievement were presented April 3 at the 48th Optical Fiber Communication Conference in San Francisco, according to a statement from Japan's National Institute of Information and Communications Technology. The new type of optical fiber is equivalent to 19 standard optical fibers in its data transmission capacity. The new optical fiber is better suited to long-haul transmission than existing cables because the centers of all 19 fibers interact with light in the same way, so they encounter less light fluctuation, which results in less data loss. The new cable squeezes 19 separate fibers into a diameter of five-thousandths of an inch (0.127 millimeters), which is the same thickness as most existing single-fiber cables already in use. This effort means the new cable can transmit more data using existing infrastructure. [...] For this demonstration, the data ran through a transmission system 21 times, finally reaching a data receiver after traveling the equivalent of 1,120 miles.

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Exos and IronWolf drives show spinning rust isn't going anywhere

Seagate has released two 30 TB hard drives based on its HAMR technology, pitching them as more energy efficient cheaper options for datacenter operators dealing with AI workloads.…

Stealth jets can't fight, can't fly much, and can't shoot UK missiles, says NAO

The F-35 stealth fighter is not meeting its potential in British service because of availability issues, a shortage of support personnel, and delays in integrating key weapons that are limiting the aircraft's effectiveness.…

First, Zuck takes Manhattan. Then he might actually deliver a product that matters

Meta overlord-for-life Mark Zuckerberg has revealed he plans to build several multi-gigawatt datacenter clusters, with the first to come online in 2026.…

The LIGO-Virgo-KAGRA Collaboration has detected the most massive black hole merger to date, forming a final black hole around 225 times the Sun's mass. Caltech reports: Before now, the most massive black hole merger -- produced by an event that took place in 2021 called GW190521 -- had a total mass of 140 times that of the Sun. In the more recent GW231123 event, the 225-solar-mass black hole was created by the coalescence of black holes each approximately 100 and 140 times the mass of the Sun. In addition to their high masses, the black holes are also rapidly spinning. "The black holes appear to be spinning very rapidly -- near the limit allowed by Einstein's theory of general relativity," explains Charlie Hoy of the University of Portsmouth and a member of the LVK. "That makes the signal difficult to model and interpret. It's an excellent case study for pushing forward the development of our theoretical tools." Researchers are continuing to refine their analysis and improve the models used to interpret such extreme events. "It will take years for the community to fully unravel this intricate signal pattern and all its implications," says Gregorio Carullo of the University of Birmingham and a member of the LVK. "Despite the most likely explanation remaining a black hole merger, more complex scenarios could be the key to deciphering its unexpected features. Exciting times ahead!"

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Off-the-charts gravitational waves ripple out from merged dead stars

Researchers have observed the largest ever collision between two massive black holes witnessed by humans, a finding that’s sent astrophysicists back to their calculators to re-think models.…

Maybe CEO Jensen Huang's million-dollar meal at Mar-a-Lago has paid off in the form of permission to sell the H20 and a new RTX Pro GPU

Nvidia has announced the US government will allow it to resume sales of its GPUs to Chinese customers.…

An anonymous reader quotes a report from MIT Technology Review: California's statewide power grid operator is poised to become the first in North America to deploy artificial intelligence to manage outages, MIT Technology Review has learned. "We wanted to modernize our grid operations. This fits in perfectly with that," says Gopakumar Gopinathan, a senior advisor on power system technologies at the California Independent System Operator -- known as the CAISO and pronounced KAI-so. "AI is already transforming different industries. But we haven't seen many examples of it being used in our industry." At the DTECH Midwest utility industry summit in Minneapolis on July 15, CAISO is set to announce a deal to run a pilot program using new AI software called Genie, from the energy-services giant OATI. The software uses generative AI to analyze and carry out real-time analyses for grid operators and comes with the potential to autonomously make decisions about key functions on the grid, a switch that might resemble going from uniformed traffic officers to sensor-equipped stoplights. But while CAISO may deliver electrons to cutting-edge Silicon Valley companies and laboratories, the actual task of managing the state's electrical system is surprisingly analog. Today, CAISO engineers scan outage reports for keywords about maintenance that's planned or in the works, read through the notes, and then load each item into the grid software system to run calculations on how a downed line or transformer might affect power supply. "Even if it takes you less than a minute to scan one on average, when you amplify that over 200 or 300 outages, it adds up," says Abhimanyu Thakur, OATI's vice president of platforms, visualization, and analytics. "Then different departments are doing it for their own respective keywords. Now we consolidate all of that into a single dictionary of keywords and AI can do this scan and generate a report proactively." If CAISO finds that Genie produces reliable, more efficient data analyses for managing outages, Gopinathan says, the operator may consider automating more functions on the grid. "After a few rounds of testing, I think we'll have an idea about what is the right time to call it successful or not," he says.

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Saudi Arabia has asked consultants to reassess the feasibility of The Line, its ambitious 170km linear city project and centerpiece of the Neom initiative, as rising costs and falling oil prices force the kingdom to scale back its megaprojects. Middle East Eye reports: In April, The Financial Times reported that the CEO of Neom had launched a "comprehensive review" of the kingdom's megaproject. Neom, along with luxury Red Sea hotels and a ski resort, is the flagship project of Crown Prince Mohammed bin Salman's Vision 2030 plan to transform the kingdom's economy and reduce its dependence on oil revenue. Bloomberg reported in 2024 that Saudi Arabia was cutting back plans for The Line. Instead of 1.5 million people living there by 2030, Saudi officials were said to anticipate fewer than 300,000 residents. Meanwhile, only 2.4km of the city is expected to be completed by 2030. In April, Goldman Sachs painted a bleak picture for Saudi Arabia's projects in a note to clients, projecting "pretty significant" budget deficits and more scaling back of megaprojects. Neom has already faced internal challenges. Nadhmi al-Nasr, who managed Neom's construction from 2018 to 2024, departed from his post in November. Nasr earned a chilling reputation managing Neom. He bragged that he put everyone to work "like a slave," adding, "When they drop down dead, I celebrate. That's how I do my projects." Two other foreign executives also left Neom at the end of 2024, according to The Wall Street Journal.

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Microsoft is testing a new adaptive energy saver mode in Windows 11 that automatically turns energy saver on or off based on system workload instead of battery percentage, aiming to extend laptop battery life without dimming screen brightness. The feature is currently available to Windows Insider testers and expected to roll out later this year. The Verge reports: The energy saver mode in Windows 11 typically dims a display brightness by 30 percent, disables transparency effects, and stop apps running in the background. Non-critical Windows update downloads are also paused, and certain apps like OneDrive, OneNote, and Phone Link may not sync fully while energy saver is enabled. This new adaptive energy saver mode, which will only be available on devices with a battery, will automatically enable or disable without affecting screen brightness. That will make it less noticeable on devices like laptops, tablets, and handhelds. "Adaptive energy saver is an opt-in feature that automatically enables and disables energy saver, without changing screen brightness, based on the power state of the device and the current system load," explains Microsoft's Windows Insider team.

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Will this win Washington's approval and perhaps see tariffs ease?

The government of Malaysia on Monday closed a back door that may have allowed the export of AI chips to China.…