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Updated: 12 min 22 sec ago

New Spin on a Revolving Door: Pentagon Officials Turned Venture Capitalists

Tue, 02/01/2024 - 4:00pm
Retired officers and departing defense officials are flocking to investment firms that are pushing the government to provide more money to defense-technology startups. The New York Times: When Defense Secretary Lloyd J. Austin III and other top officials assembled for an event this month at the Ronald Reagan Presidential Library, they walked into a lesson in how the high-stakes world of Pentagon lobbying is being altered by the rise of defense technology startups. Inside, at this elite gathering near Los Angeles of senior leaders from government and the arms industry, was a rapidly growing group of participants: former Pentagon officials and military officers who have joined venture capital firms and are trying to use their connections in Washington to cash in on the potential to sell a new generation of weapons. They represent a new path through the revolving door that has always connected the Defense Department and the military contracting business. Retiring generals and departing top Pentagon officials once migrated regularly to the big established weapons makers like Lockheed Martin and Boeing. Now they are increasingly flocking to venture capital firms that have collectively pumped billions of dollars into Silicon Valley-style startups offering the Pentagon new war-fighting tools like autonomous killer drones, hypersonic jets and space surveillance equipment. This new route to the private sector is one indicator of the ways in which the United States is trying to become more agile in harnessing technological advances to maintain military superiority over China and other rivals. But the close ties between venture capital firms and Defense Department decision makers have also put a new twist on long-running questions about industry access and influence at a time when the Pentagon is under pressure to rethink how it allocates its huge procurement budget.

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Mozilla CEO Wants Business To Pick Up the Pace

Tue, 02/01/2024 - 3:23pm
Mozilla closed out 2023 with a report that dodges its flatlining browser market share and Mozilla.social beta in favor of calls for a faster pace from its highly paid CEO. From a report: According to the company's filings, Mitchell Baker's compensation went from $5,591,406 in 2021 to $6,903,089 in 2022. It's quite the jump considering that revenues declined from $527,585,000 to $510,389,000 in the same period. Despite the executive payout, Firefox continues to trail Google and even Microsoft in desktop browser market share. While it has not suffered any catastrophic losses, neither has it made any significant gains. Baker, however, would very much like to speed things up and says in the State of Mozilla report: "The pace is not enough, the impact is not enough." Unsurprisingly for a technology company, the report is heavy on AI going mainstream where Mozilla reckons it can make an impact in the technology, particularly with regard to open source developers and privacy. Mozilla's adventures in AI? The organization says it has 15 engineers working on open source large language models and is working on use cases in the healthcare space. Moez Draief, managing director of Mozilla.ai, said: "There's a lot of structured data work in that industry that will feed the language models; we don't have to invent it."

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India's Food-Security Problem Is Also the World's

Tue, 02/01/2024 - 2:40pm
Climate change is already beginning to reshape global agriculture. India, the world's most populous country, looks particularly vulnerable: not just because of extreme weather, but because of government price controls. Fixing the problem is becoming more urgent, both for India and the world -- because India is a big food exporter, too. But politics makes that very difficult. From a report: In early December, India banned overseas shipments of onions until March in an effort to tame domestic prices. That is on top of export restrictions on rice, wheat and sugar already imposed over the past 18 months. And since India is the world's largest rice exporter, second-largest sugar and onion exporter, and a significant wheat producer, the bans are wreaking havoc globally. Thai rice prices had risen 14% and Vietnam rice prices had risen 22% from July levels by October, according to the International Food Policy Research Institute. Malaysia and the Philippines introduced their own measures to damp rising prices after India's curbs on rice exports in July. Climate change will almost certainly pose a major problem for India's food supply. India's Ministry of Agriculture and Farmers Welfare recently estimated that, in the absence of adaptation measures, rain-fed rice yields could fall 20% by 2050. But domestic agricultural policies are almost as big a problem. At present, the government sets price floors for two dozen crops, guarantees purchases of certain agricultural products, and provides subsidies to farmers for fertilizers, electricity and transportation. All that might seem positive for food security, but on net it probably hampers investment and food supply growth. Price floors mean that supply might sometimes exceed final buyers' willingness to pay during slow times, leading to wastage. And restrictions on exports artificially depress domestic prices when global demand is hot. The government's own investigations have found that Agriculture Produce Marketing Committee laws, which regulate the trade of farmers' produce by providing licenses to buyers, commission agents and private markets, lead to cartelization and reduced competition.

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Tesla Extends Lead in Norway Sales, EVs Take 82% Market Share

Tue, 02/01/2024 - 2:00pm
Tesla topped Norway's car sales for a third straight year in 2023, extending its lead over rivals despite an ongoing conflict between the U.S. electric vehicle maker and the Nordic region's powerful labour unions. From a report: Almost five out of six new cars sold in Norway last year were powered by battery only, with Tesla's share of the overall market rising to 20.0% from 12.2%, registration data showed on Tuesday. Electric vehicles accounted for 82.4% of new vehicles sold in 2023, up from 79.3% in 2022, the Norwegian Road Federation (OFV) said. Seeking to become the first nation to end the sale of petrol and diesel cars by 2025, oil-producing Norway exempts fully electric vehicles from many taxes imposed on internal combustion engine rivals, although some levies were introduced in 2023.

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All Passengers on Japan Airlines Jet Evacuated After Plane Collision

Tue, 02/01/2024 - 12:45pm
A Japan Coast Guard plane and a Japan Airlines passenger jet collided at Tokyo's Haneda Airport but all 379 people on board the passenger jet were able to escape, Japan Airlines said. From a report: Five of the six people aboard the Coast Guard plane died in the crash, Japanese Prime Minister Fumio Kishida said. He said they were planning to deliver relief supplies to people affected by an earthquake on the Japan Sea coast on New Year's Day. Passengers in local television interviews said they saw a fire on the side of the Japan Airlines plane after it landed and were guided by cabin attendants to evacuate via escape chutes.

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Nobel Prize Winner Cautions on Rush Into STEM

Tue, 02/01/2024 - 11:00am
A Nobel Prize-winning labor market economist has cautioned younger generations against piling into studying science, technology, engineering, and mathematics (STEM) subjects, saying as "empathetic" and creative skills may thrive in a world dominated by artificial intelligence. From a report: Christopher Pissarides, professor of economics at the London School of Economics, said that workers in certain IT jobs risk sowing their "own seeds of self-destruction" by advancing AI that will eventually take the same jobs in the future. While Pissarides is an optimist on AI's overall impact on the jobs market, he raised concerns for those taking STEM subjects hoping to ride the coattails of the technological advances. He said that despite rapid growth in the demand for STEM skills currently, jobs requiring more traditional face-to-face skills, such as in hospitality and healthcare, will still dominate the jobs market. "The skills that are needed now -- to collect the data, collate it, develop it, and use it to develop the next phase of AI or more to the point make AI more applicable for jobs -- will make the skills that are needed now obsolete because it will be doing the job," he said in an interview. "Despite the fact that you see growth, they're still not as numerous as might be required to have jobs for all those graduates coming out with STEM because that's what they want to do." He added, "This demand for these new IT skills, they contain their own seeds of self destruction."

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No New iPad Models from Apple in 2023, a First Since the iPad's Debut

Tue, 02/01/2024 - 9:30am
Apple broke from its 12-year tradition of annual iPad updates, releasing no new models in 2023 - a first since the product line debuted in 2010 when it rapidly became the tablet market leader. The last launch was in October 2022, with the only 2023 iPad-related release being a USB-C Apple Pencil.

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No New iPad Models from Apple in 2013, a First Since the iPad's Debut

Tue, 02/01/2024 - 9:30am
Apple broke from its 12-year tradition of annual iPad updates, releasing no new models in 2023 - a first since the product line debuted in 2010 when it rapidly became the tablet market leader. The last launch was in October 2022, with the only 2023 iPad-related release being a USB-C Apple Pencil.

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Steam Has Stopped Supporting Windows 7, Windows 8, and Windows 8.1

Tue, 02/01/2024 - 7:15am
Steam: As of January 1 2024, Steam has officially stopped supporting the Windows 7, Windows 8 and Windows 8.1 operating systems. After that date, existing Steam Client installations on these operating systems will no longer receive updates of any kind including security updates. Steam Support will be unable to offer users technical support for issues related to the old operating systems, and Steam will be unable to guarantee continued functionality of Steam on the unsupported operating system versions. In order to ensure continued operation of Steam and any games or other products purchased through Steam, users should update to a more recent version of Windows. We expect the Steam client and games on these older operating systems to continue running for some time without updates after January 1st, 2024, but we are unable to guarantee continued functionality after that date. The Verge adds: 95.57 percent of surveyed Steam users are already on Windows 10 and 11, with nearly 2 percent of the remainder on Linux and 1.5 percent on Mac -- so we may be talking about fewer than 1 percent of users on these older Windows builds. Older versions of MacOS will also lose support on February 15th, just a month and a half from now.

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