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Altman promises copyright holders a cut of video revenue, if he ever figures out how to make some.

analysis OpenAI's new Sora 2 video generator has become the most popular free app in Apple's App Store since launching last week. It has also drawn ire from Hollywood studios and anyone whose characters and storylines appear in the user-generated content without their explicit permission. Now CEO Sam Altman says rightsholders will be getting greater control over how their properties are used - and may even be paid. …

Deloitte will partially refund payment for an Australian government report that contained multiple errors after admitting it was partly produced by AI [non-paywalled source]. From a report: The Big Four accountancy and consultancy firm will repay the final instalment of its government contract after conceding that some footnotes and references it contained were incorrect, Australia's Department of Employment and Workplace Relations said on Monday. The department had commissioned a A$439,000 ($290,300) "independent assurance review" from Deloitte in December last year to help assess problems with a welfare system for automatically penalising jobseekers. The Deloitte review was first published earlier this year, but a corrected version was uploaded on Friday to the departmental website. In late August the Australian Financial Review reported that the document contained multiple errors, including references and citations to non-existent reports by academics at the universities of Sydney and Lund in Sweden. The substance of the review and its recommendations had not changed, the Australian government added. The contract will be made public once the transaction is completed, it said.

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European labor regulations enacted nearly a century ago now impose costs on companies that discourage investment in disruptive technologies. An American firm shedding workers incurs costs equivalent to seven months of wages per employee. In Germany the figure reaches 31 months. In France it reaches 38 months. The expense extends beyond severance pay and union negotiations. Companies retain unproductive workers they would prefer to dismiss. New investments face delays of years as dismissed employees are gradually replaced. Olivier Coste, a former EU official turned tech entrepreneur, and economist Yann Coatanlem tracked these opaque restructuring costs and found that European firms avoid risky ventures because of them. Large companies typically finance ten risky projects where eight fail and require mass redundancies. Apple developed a self-driving car for years before abandoning the effort and firing 600 employees in 2024. The two successful projects generate profits worth many times the invested sums. This calculus works in America where failure costs remain low. In Europe the same bet becomes financially unviable. European blue-chip firms sell products that are improved versions of what they sold in the 20th century -- turbines, shampoos, vaccines, jetliners. American star firms peddle AI chatbots, cloud computers, reusable rockets. Nvidia is worth more than the European Union's 20 biggest listed firms combined. Microsoft, Google, and Meta each fired over 10,000 staff in recent years despite thriving businesses. Satya Nadella called firing people during success the "enigma of success." Bosch and Volkswagen recently announced layoffs with timelines stretching to 2030.

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Dropping descenders to achieve a perfect baseline

Nostalgia fans rejoice – a new monospaced display font has made its debut, and this time every glyph shares the same baseline height with no descenders to interfere with the character flow.…

Big Four consultancy billed Canberra top dollar, only for investigators to find bits written by a chatbot

Deloitte has agreed to refund part of an Australian government contract after admitting it used generative AI to produce a report riddled with fake citations, phantom footnotes, and even a made-up quote from a Federal Court judgment.…

Crime group claims to have already doled out $1K to those in it 'for money and for the love of the game'

Scattered Lapsus$ Hunters has launched an unusual crowdsourced extortion scheme, offering $10 in Bitcoin to anyone willing to help pressure their alleged victims into paying ransoms.…

Fortune tested the AI Friend necklace for two weeks and found it struggled to perform its basic function. The $129 pendant missed conversations entirely during the author's breakup call and could only offer vague questions about "fragments" when she tried to ask for advice. The device lagged seven to ten seconds behind her speech and frequently disconnected. The author had to press her lips against the pendant and repeat herself multiple times to get coherent replies. After a week and a half the necklace forgot her name and later misremembered her favorite color. The startup has raised roughly seven million dollars in venture capital for the product and spent a large portion on eleven thousand subway posters across the MTA system. Sales reached three thousand units but only one thousand have shipped. The company brought in slightly under four hundred thousand dollars in revenue. The startup told Fortune he deliberately "lobotomized" the AI's personality after receiving complaints. The terms of service require arbitration in San Francisco and grant the company permission to collect audio and voice data for AI training.

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Mary E. Brunkow, Fred Ramsdell and Shimon Sakaguchi received the Nobel Prize in Physiology or Medicine on Monday for their discoveries about how the immune system regulates itself. The three researchers split 11 million Swedish kroner ($1.17 million). Their work identified regulatory T cells and the FOXP3 gene that controls them. Dr. Sakaguchi spent more than a decade solving a puzzle about the thymus. He discovered that the immune system has a backup mechanism to stop harmful cells from attacking the body's own tissues. Dr. Brunkow and Dr. Ramsdell found the specific gene responsible for this process while studying mice that developed severe autoimmune disease. More than 200 clinical trials are now underway based on their research. Cancers attract regulatory T cells to block immune attacks. Researchers are developing drugs to turn the immune system against these cancer cells. In autoimmune diseases, regulatory T cells are missing or defective. The FOXP3 gene provides a starting point for drugs that teach the immune system to stop attacking itself.

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