Trump jumps into cryptocurrency, appears to know nothing about it

Donald Trump, who previously called Bitcoin a scam, has launched a new cryptocurrency venture called World Liberty Financial. "Crypto is one of those things we have to do," he said in an interview on X. "Whether we like it or not, I have to do it." The news comes just a day after a likely assassination attempt against Trump at his Florida golf course. 

Trump is entering the venture with his sons Donald Trump Jr. and Eric Trump, along with two crypto entrepreneurs: Chase Herro (who once called stablecoins "borderline a Ponzi scheme") and Zachary Folkman, who founded a company called Date Hotter Girls. Trump's 18-year-old son Barron Trump, who has no known crypto expertise, is also listed as "chief DeFi [decentralized finance] visionary." 

The tokens themself are supposedly based on US dollar stablecoins. Some involved in the venture have touted it internally as a borrowing and lending platform, according to The New York Times

Cryptocurrency is generally supposed to be decentralized, but a large chunk of the governance tokens for World Liberty Financial could be held by insiders, according to a draft white paper for the project seen by CoinDesk. The remaining 30 percent would be distributed "via public sale" with some of the money raised from that also going to project insiders. 

When asked questions about the venture in an X Spaces interview (above), Trump appeared to know next to nothing about it. "It's so important. It's crypto. It's AI. It's so many other things. AI needs tremendous electricity capabilities beyond anything I ever heard," he said. He deferred to Barron's expertise, saying he has "four wallets" and equated it to learning a language like Chinese.

Some comments in the Spaces interview weren't kind. "Let's be honest Trump doesn't even know what crypto is or why he's being asked to shill it," said one. Others noted that launching such a venture just ahead of an election was inappropriate. 

"I think it genuinely damages trump’s electoral prospects, especially if it gets hacked (it’ll be the juiciest DeFi target ever and it’s forked from a protocol that itself was hacked)," said crypto industry notable and self-proclaimed Trump supporter Nic Carter in a post on X

This article originally appeared on Engadget at https://www.engadget.com/general/trump-jumps-into-cryptocurrency-appears-to-know-nothing-about-it-130022525.html?src=rss

A new report raises concerns about the future of NASA

A concerning report from the National Academies of Sciences, Engineering and Medicine (NASEM) expresses some serious concerns about the future of America’s space exploration agency.

The NASEM report was written by a panel of aerospace experts and lays out what it sees as a possible "hollow future” for the National Aeronautics and Space Administration (NASA). It addresses issues of underfunding due to “declining long-term national emphasis on aeronautics and civil space,” an assertion that NASA itself is aware of and agrees with. The report also notes that NASA’s problems extend far beyond having enough funding to carry out its missions and operations.

Some of the report’s “core findings” suggest areas of concern that could affect the space agency’s future. These include a focus on “short-term measures without adequate consideration for longer-term needs and implications,” reliance on “milestone-based purchase-of-service contracts” and inefficiency due to “slow and cumbersome business operations.” The report also raised concerns about the current generation of talent being siphoned off by private aerospace companies, and the next generation of engineers not receiving an adequate foundation of knowledge due to our underfunded public school systems. Finally the report states bluntly that NASA’s infrastructure “is already well beyond its design life.”

These and other issues could lead to even more serious problems. Norman Augustine, a former Lockheed Martin chief executive and the report’s lead author, told The Washington Post that reliance on the private sector could further erode NASA's workforce, reducing its role to one of oversight instead of problem-solving.

Congress could allocate more funds to NASA to address these concerns but that’s not likely since it’s constantly struggling to prevent government shutdowns. Instead, Augustine says NASA could focus on prioritizing its efforts on more strategic goals and initiatives.

This article originally appeared on Engadget at https://www.engadget.com/science/space/a-new-report-raises-concerns-about-the-future-of-nasa-184643260.html?src=rss

Nevada will use Google AI to process a backlog of unemployment cases

Nevada has a new helper in its quest to plow through a backlog of unemployment claims: Google AI. Gizmodo reports that the initiative will task one of the company’s cloud-based AI models with analyzing appeals hearing transcripts and suggesting whether cases should be approved. Welcome to the future, where a robot weighs in on whether you get the government money you requested.

The Nevada Independent wrote in June that the AI model, trained on the state’s unemployment law and policies, will analyze transcripts of virtual appeals hearings. It will then spit out a ruling, which a state employee will review for mistakes and decide whether to honor.

It replaces the current Nevada Department of Employment, Training and Rehabilitation (DETR) process, which averages three hours for a real-life human to complete. Carl Stanfield, DETR’s IT administrator, told the Nevada Independent that Google’s AI (which uses the company’s Vertex cloud system) can rule within five minutes. “The time saving is pretty phenomenal,” Stanfield said.

It’s easy to understand why Nevada would be eager to lean on the emerging tech. As recently as June, the state reportedly had a backlog of over 10,000 unprocessed appeals, about 1,500 of which were left over from the pandemic. And if the tech’s reviews are accurate — or the human reviewers catch its mistakes — it could be an enormous timesaver.

However, there could be psychological pressure for the employees reviewing the cases to rubber-stamp the AI’s conclusions. “If a robot’s just handed you a recommendation and you just have to check a box and there’s pressure to clear out a backlog, that’s a little bit concerning,” Michele Evermore, a former deputy director for unemployment modernization policy at the Department of Labor, told Gizmodo.

Stanfield told Gizmodo that a governance committee will meet weekly while the state is fine-tuning the model and quarterly after it goes live to monitor for hallucinations and bias. The stakes could be high for claimants as the AI-powered system could affect their ability to appeal bogus decisions. “In cases that involve questions of fact, the district court cannot substitute its own judgment for the judgment of the appeal referee,” Elizabeth Carmona, a senior attorney with Nevada Legal Services, told Gizmodo. In other words, if the human reviewing the decision misses the AI’s mistakes, a court may not have the legal standing to overturn it.

One Nevada politician put it a bit more bluntly. “Are we out of our ever-loving minds?” NV state senator Skip Daly (D-Reno) said to the Nevada Independent this summer. “I’m just dubious of the whole concept of overreliance on algorithms and computers. I hope that we are cautious about it, and think before we just say, ‘We got to be faster or better than the next guy.’”

This article originally appeared on Engadget at https://www.engadget.com/ai/nevada-will-use-google-ai-to-process-a-backlog-of-unemployment-cases-202718427.html?src=rss

Majority of Attorneys General support a warning label for social media platforms

US Surgeon General Vivek Murthy issued an op-ed in June calling for social media to come with a warning label about its negative health impacts, similar to the warnings placed on cigarettes and tobacco products. Now, 42 attorneys general have drafted an open letter to Congress to signal their support for Murthy's plan.

"This ubiquitous problem requires federal action—and a surgeon general’s warning on social media platforms, though not sufficient to address the full scope of the problem, would be one consequential step toward mitigating the risk of harm to youth," the group's letter reads. "A warning would not only highlight the inherent risks that social media platforms presently pose for young people, but also complement other efforts to spur attention, research, and investment into the oversight of social media platforms."

Almost every state's AG signed the letter; the only holdouts are Alaska, Arizona, Iowa, Kansas, Louisiana, Missouri, Montana, Nebraska, Ohio, Texas and West Virginia. Attorneys general from American Samoa, District of Columbia and the US Virgin Islands also signed.

The attorneys general cited the Kids Online Safety Act and the Children and Teens Online Privacy Protection Act, which both recently passed in the Senate, as other important measures for protecting young people's mental health. The measures took multiple tries to get to a floor vote in the Senate, and it's unclear whether they have the support to pass in the House of Representatives.

This article originally appeared on Engadget at https://www.engadget.com/social-media/majority-of-attorneys-general-support-a-warning-label-for-social-media-platforms-184138728.html?src=rss

In its first Threads case, Meta’s Oversight Board asked for clarity on death threats

Meta’s Oversight Board has weighed in on its first Threads case and reversed the company’s initial decision and first appeal. Regarding a post about the outgoing Japanese Prime Minister Fumio Kishida, using a phrase that translates to “drop dead / die” in English, the board determined the phrase was used figuratively and not as a literal threat or call to violence.

The case was sparked by a Threads post showing a news article about Kishida and his reaction to his political party’s (ahem) “fundraising irregularities.” The caption criticized the Prime Minister, accusing him of tax evasion. The user’s reply demanded an explanation from the government leader and, calling him a tax evader, used the phrase “死ね,” or “drop dead / die.” The post also included “hah” and derogatory language about people who wear glasses. (Watch yourself there, partner!)

The post went largely unnoticed, with no likes. But someone reported it under Meta’s Bullying and Harassment rules. After three weeks, one of Meta’s reviewers determined it instead broke the Violence and Incitement rules. The user appealed, and another reviewer agreed with the first that it violated the policy. One more appeal teed up the issue for the board, which accepted the case and overruled the two human reviewers who removed it.

Japanese Prime Minister Fumio Kishida giving a speech at a podium in front of the nation's flag.
Japanese Prime Minister Fumio Kishida
The Government of Japan

“In this case, the threat against a political leader was intended as non-literal political criticism calling attention to alleged corruption, using strong language, which is not unusual on Japanese social media,” Meta’s Oversight Board wrote in its explanation. “It was unlikely to cause harm.” The board considered the poster’s use of “hah” to help determine its figurative sense.

The board said that, despite speaking Japanese and understanding local content, the moderators who removed the post were “in error.” It recommends Meta clarify its internal guidelines and offer more guidance for reviewers on “how to evaluate language and local content.”

Meta’s Oversight Board added that the Violence and Incitement policy includes a rule prohibiting the phrase “death to” against “high-risk persons” isn’t clear enough. It said that while the company’s policy rationale suggests context matters in threat evaluation, its reviewers aren’t empowered to assess cases involving the “death to” phrase. The board echoed its 2022 recommendation for Meta to explain that rhetorical threats using the phrase are “generally allowed, except when directed at high-risk individuals, and to provide criteria on when threatening statements directed at heads of state are permitted to protect rhetorical political speech.”

Further, the board recommended that Meta clarify how the policy differs for “public figures” vs. “high-risk persons.” It calls out the confusion over why threats against public figures are only removed when “credible.” In contrast, those against others are axed “regardless of credibility.”

The Oversight Board has had a busy September after deciding on only 53 cases last year. Last week, it ruled that the phrase “From the River to the Sea” shouldn’t be banned and, in a case with some parallels to this one, it separated death threats from “aspirational statements” in Venezuela.

This article originally appeared on Engadget at https://www.engadget.com/social-media/in-its-first-threads-case-metas-oversight-board-asked-for-clarity-on-death-threats-170630647.html?src=rss

Apple ordered to pay back its illegal $14.4 billion Irish tax break

It's a bad day for big tech in the EU. After rejecting Google's appeal of a $2.7 billion antitrust fine, Europe's highest court ruled that Apple must pay back its €13 billion ($14.4 billion) Irish tax break deemed illegal by the EU Commission way back in 2016. 

The decision by the European Court of Justice overturns an earlier 2020 decision by a lower court in Apple's favor. "[The decision] confirms the European Commission's 2016 decision: Ireland granted Apple unlawful aid which Ireland is required to recover," the judges wrote. 

In a statement to the Financial Times, Apple said the EU was "trying to retroactively change the rules and ignore that, as required by international tax law, our income was already subject to taxes in the US." 

Apple's effective tax rate for revenue earned in Europe was an effective 1 percent on European profits and as low as .005 percent in 2014. Because the deal gave Apple a "significant advantage" over the competition, the EU Commission ordered it to pay back "illegal state aid" over the ten-year period before it began investigating its tax practices. 

The decision follows several setbacks for the European Commission against US corporations. Last year, the ECJ ruled that Amazon wouldn't be required to pay €250 million ($276 million) in back taxes to Luxembourg and lost a similar case to Starbucks in the Netherlands. So despite today's wins for the EU, those decisions could haunt future EU cases against big tech around tax havens in individual member states. 

This article originally appeared on Engadget at https://www.engadget.com/big-tech/apple-ordered-to-pay-back-its-illegal-144-billion-irish-tax-break-110041387.html?src=rss

YouTube terminates five right-wing channels linked to the DOJ’s Russia indictments

YouTube confirmed its termination of five right-wing political channels believed to be connected to the Department of Justice’s Russia-linked US media indictments this week. The platform pulled the channel of Tenet Media, which CNN reported to be the unnamed company implicated in the indictment. The DOJ accused Russian operatives of paying the media organization to spread disinformation designed to influence the 2024 US elections.

A YouTube spokesperson confirmed the takedown and provided a statement to Engadget. “Following an indictment from the US Department of Justice and after careful review, we are terminating the Tenet Media channel and four channels operated by its owner Lauren Chen as part of our ongoing efforts to combat coordinated influence operations,” the company statement reads.

According to YouTube, the investigation into the situation is ongoing, and the company will evaluate whether further actions are warranted as new information emerges. The company says it terminated over 4,000 YouTube channels in Q2 2024 as part of investigations into Russia-linked influence operations. YouTube works with Google’s Threat Analysis Group (TAG) to identify bad actors and deplatform their channels and accounts accordingly.

On Wednesday, the DOJ indicted two employees of RT (formerly Russia Today), a Kremlin-backed media outlet. They were accused of illegally funding a Tennessee-backed media organization, now all but officially confirmed as Tenet Media. DOJ prosecutors allege in the indictment that the media company’s founders knew their funding came from the Russian government. Tenet Media is owned by Chen and her husband, Liam Donovan.

The Washington Post reports that YouTube was Tenet’s preferred platform for spreading propaganda videos aimed at US conservatives and featuring popular right-wing pundits. Those working with the organization included Benny Johnson, Tim Pool and Dave Rubin. The channels have even featured appearances from former Republican presidential candidate Vivek Ramaswamy and RNC Chair Lara Trump. Pool and Rubin have reportedly denied knowledge that the Russian government was behind Tenet’s funding.

This article originally appeared on Engadget at https://www.engadget.com/big-tech/youtube-terminates-five-right-wing-channels-linked-to-the-dojs-russia-indictments-175432238.html?src=rss

YouTube terminates five right-wing channels linked to the DOJ’s Russia indictments

YouTube confirmed its termination of five right-wing political channels believed to be connected to the Department of Justice’s Russia-linked US media indictments this week. The platform pulled the channel of Tenet Media, which CNN reported to be the unnamed company implicated in the indictment. The DOJ accused Russian operatives of paying the media organization to spread disinformation designed to influence the 2024 US elections.

A YouTube spokesperson confirmed the takedown and provided a statement to Engadget. “Following an indictment from the US Department of Justice and after careful review, we are terminating the Tenet Media channel and four channels operated by its owner Lauren Chen as part of our ongoing efforts to combat coordinated influence operations,” the company statement reads.

According to YouTube, the investigation into the situation is ongoing, and the company will evaluate whether further actions are warranted as new information emerges. The company says it terminated over 4,000 YouTube channels in Q2 2024 as part of investigations into Russia-linked influence operations. YouTube works with Google’s Threat Analysis Group (TAG) to identify bad actors and deplatform their channels and accounts accordingly.

On Wednesday, the DOJ indicted two employees of RT (formerly Russia Today), a Kremlin-backed media outlet. They were accused of illegally funding a Tennessee-backed media organization, now all but officially confirmed as Tenet Media. DOJ prosecutors allege in the indictment that the media company’s founders knew their funding came from the Russian government. Tenet Media is owned by Chen and her husband, Liam Donovan.

The Washington Post reports that YouTube was Tenet’s preferred platform for spreading propaganda videos aimed at US conservatives and featuring popular right-wing pundits. Those working with the organization included Benny Johnson, Tim Pool and Dave Rubin. The channels have even featured appearances from former Republican presidential candidate Vivek Ramaswamy and RNC Chair Lara Trump. Pool and Rubin have reportedly denied knowledge that the Russian government was behind Tenet’s funding.

This article originally appeared on Engadget at https://www.engadget.com/big-tech/youtube-terminates-five-right-wing-channels-linked-to-the-dojs-russia-indictments-175432238.html?src=rss

The US, UK, EU and other major nations have signed a landmark global AI treaty

The United States, United Kingdom, European Union, and several other countries have signed an AI safety treaty laid out by the Council of Europe (COE), an international standards and human rights organization. This landmark treaty, known as the Framework Convention on artificial intelligence and human rights, democracy, and the rule of law, opened for signature in Vilnius, Lithuania. It is the first legally binding international agreement aimed at ensuring that AI systems align with democratic values.

The treaty focuses on three main areas: protecting human rights (including privacy and preventing discrimination), safeguarding democracy, and upholding the rule of law. It also provides a legal framework covering the entire lifecycle of AI systems, promoting innovation, and managing potential risks.

Besides the US, UK and the EU, the treaty’s other signatories include Andorra, Georgia, Iceland, Norway, Moldova, San Marino, and Israel. Notably absent are many major countries from Asia and the Middle East, and Russia, but any country will be eligible to join it in the future as long as they commit to comply with its provisions, according to a statement from the Council of Europe.

“We must ensure that the rise of AI upholds our standards, rather than undermining them,” said COE secretary general Marija Pejčinović Burić in the statement. “The Framework Convention is designed to ensure just that. It is a strong and balanced text - the result of the open and inclusive approach by which it was drafted and which ensured that it benefits from multiple and expert perspectives.

The treaty will enter into force three months after five signatories, including at least three Council of Europe member states, ratify it. The COE’s treaty joins other recent efforts to regulate AI including the UK's AI Safety Summit, the G7-led Hiroshima AI Process, and the UN's AI resolution.

This article originally appeared on Engadget at https://www.engadget.com/ai/the-us-uk-eu-and-other-major-nations-have-signed-a-landmark-global-ai-treaty-232119489.html?src=rss

Even the NSA now has a podcast

Well, it's official: everyone has a podcast. Today, the NSA launched No Such Podcast, a nod to the entity's nickname, No Such Agency, back when its mere existence was classified. The NSA bills the podcast as bringing "people to the table from across the agency to discuss our role as a combat support agency, our foreign signals intelligence and cybersecurity missions, and so much more. NSA is known as home to the world's greatest codemakers and codebreakers — their stories are now being decoded."

However, the podcast is far from Edward Snowden-level sharing. The NSA's chief of strategic communications, Sara Siegle, is quick to add that some of the agency's work is too sensitive to discuss. This podcast will be a platform to tell "more" stories while sharing expertise and highlighting government officials.

No Such Podcast is available on YouTube and wherever you regularly get your podcasts. The NSA published two episodes on launch day, with the first focusing on cybersecurity and the other detailing the agency's role in finding Osama Bin Laden. The NSA will release six more episodes weekly through mid-October.

This article originally appeared on Engadget at https://www.engadget.com/entertainment/even-the-nsa-now-has-a-podcast-140028493.html?src=rss