The F.B.I. searched the home of the cryptocurrency executive Jesse Powell in March as part of a criminal investigation into claims that he hacked and cyber-stalked a nonprofit that he founded, The New York Times reported this week, citing people with knowledge of the matter. From the report: The investigation focused on an allegation by the nonprofit that Mr. Powell, who also founded the cryptocurrency exchange Kraken, had interfered with its computer accounts, blocking access to emails and other messages, the people said. Agents with the F.B.I. and the U.S. attorney's office for the Northern District of California have been looking into Mr. Powell since at least last fall, three people with knowledge of the case said. Agents searched Mr. Powell's home in the Brentwood neighborhood of Los Angeles and seized electronic devices, according to a person familiar with the search and documents reviewed by The New York Times. Prosecutors have not accused Mr. Powell of any crimes. Brandon Fox, a lawyer for Mr. Powell, confirmed that he was under investigation by federal prosecutors in Northern California. Mr. Fox said the investigation was focused on the allegations by the arts group, Verge Center for the Arts, and "in no way related to Mr. Powell's employment or his conduct in the cryptocurrency arena." He also said Mr. Powell "did nothing wrong."

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An anonymous reader quotes a report from Politico: The FDA on Thursday granted traditional approval to an Alzheimer's drug for the first time in more than two decades. Now, the question becomes how many people will be able to access the drug, which is targeted at patients in the early stages of the debilitating disease. Medicare has said that it will reimburse the drug's costs -- more than $26,000 annually -- only for beneficiaries enrolled in a nationwide registry that tracks patient side effects and outcomes over time. Patient advocacy groups and some clinicians fear this means that few of the hundreds of thousands of Alzheimer's patients eligible for the treatment will be able to access it. The agency previously granted Leqembi, developed and manufactured by Eisai and Biogen, accelerated approval before evaluating late-stage clinical trial data earlier this year. The drug moderately slowed trial participants' cognitive decline compared to a placebo, according to the data, but had potentially serious side effects, including brain swelling and bleeding. Under accelerated approval, the Centers for Medicare and Medicaid Services said it would cover Leqembi only for those participating in a randomized clinical trial, of which none were enrolling. Medicare's coverage determination was contrary to the Veterans Health Administration, which said it would cover the drug for its beneficiaries without restriction. Roughly 6.7 million people in the U.S. have Alzheimer's, and there are few treatments for the disease. Aduhelm, a drug from Biogen that received accelerated approval in 2021, works similarly to Leqembi by targeting proteins thought to be one of the causes of the disease. But both drugs have received little uptake due to Medicare coverage restrictions, and patient and caregiver concerns over the evidence of its modest benefits. There are five existing treatments for Alzheimer's that treat some of the disease's symptoms, but do not slow progression of the disease.

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Inflection AI, an AI startup company, has built a cutting-edge supercomputer equipped with 22,000 NVIDIA H100 GPUs. Wccftech reports: For those unfamiliar with Inflection AI, it is a business that aims at creating "personal AI for everyone." The company is widely known for its recently introduced Inflection-1 AI model, which powers the Pi chatbot. Although the AI model hasn't yet reached the level of ChatGPT or Google's LaMDA models, reports suggest that Inflection-1 performs well on "common sense" tasks, making it much more suitable for applications such as personal assistance. > Coming back, Inflection announced that it is building one of the world's largest AI-based supercomputers, and it looks like we finally have a glimpse of what it would be. It is reported that the Inflection supercomputer is equipped with 22,000 H100 GPUs, and based on analysis, it would contain almost 700 four-node racks of Intel Xeon CPUs. The supercomputer will utilize an astounding 31 Mega-Watts of power. The surprising fact about the supercomputer is the acquisition of 22,000 NVIDIA H100 GPUs. We all are well aware that, in recent times, it has been challenging to acquire even a single unit of the H100s since they are in immense demand, and NVIDIA cannot cope with the influx of orders. In the case of Inflection AI, NVIDIA is considering being an investor in the company, which is why in their case, it is easier to get their hands on such a massive number of GPUs.

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Stephen Clark writes via Ars Technica: When India's ambassador to the US signed up his country to the Artemis Accords last month, it signaled the world's most populous nation -- with a growing prowess in spaceflight -- could be turning toward the United States as a partner in space exploration. India became the 27th country to sign the Artemis Accords, a non-binding set of principles among like-minded nations guiding a vision for peaceful and transparent exploration of space. The accords cover the international registration of human-made space objects, the open release of scientific data, and an agreement for nations not to claim territory on the Moon or other planetary bodies, among other tenets. Details about future cooperation between the US and India remain scarce. Nelson plans to travel to India later this year for meetings and discussions with Indian space officials. One objective of Nelson's trip will be to hammer out broad objectives for a "strategic framework" for human spaceflight cooperation. Despite the name of the Artemis Accords, there's no guarantee that India will play a significant role in NASA's Artemis program to return astronauts to the Moon and eventually send humans to Mars. "There's no implication of a signatory to the Artemis accords also being part of the Artemis program," Nelson told Ars. But none of the other 26 signatories to the Artemis Accords -- a list that includes European space powers and Japan -- has their own human spaceflight program. India is developing a human-rated spacecraft called Gaganyaan that could be ready to fly people into low-Earth orbit in 2025, several years later than originally planned. "The fact that they are a nation that intends in the future to fly own their own astronauts, is that significant? The answer is yes," Nelson said. "I think it's of significance that a major country that's not considered aligned with the US (is) a signatory." "I've described India as a sleeping giant and one that is quickly awakening," Gold told Ars. "India is absolutely vital to global space development, and Artemis in particular, since the country is active with lunar programs, Martian programs, and now even human spaceflight." "Where India might fit into the Artemis program is still to be determined," writes Clark. "The partnership between the US and India in space could take a step forward next year with the flight of an Indian astronaut to the International Space Station. NASA has agreed to provide advanced training to Indian astronauts at the Johnson Space Center in Houston before a flight opportunity to the space station in low-Earth orbit." India's space program has "held closer ties with Russia in the past," notes Clark. "Russia provided upper-stage engines for India's GSLV Mk.II rocket until India developed its own engine for the job. And four Indian astronauts slated for the Gaganyaan program completed more than a year of training at Russia's Gagarin Cosmonaut Training Center near Moscow in 2021, according to Indian media." "Despite India's overture toward a closer relationship with NASA, the Asian power remains linked with Russia," adds Clark. "India still imports significant amounts of Russian oil and has not officially condemned Russia's invasion of Ukraine."

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An anonymous reader quotes a report from the Associated Press: The planet's temperature spiked on Tuesday to its hottest day in decades and likely centuries, and Wednesday could become the third straight day Earth unofficially marks a record-breaking high. It's the latest in a series of climate-change extremes that alarm but don't surprise scientists. The globe's average temperature reached 62.9 degrees Fahrenheit (17.18 degrees Celsius) on Tuesday, according to the University of Maine's Climate Reanalyzer, a common tool based on satellite data, observations, and computer simulations and used by climate scientists for a glimpse of the world's condition. On Monday, the average temperature was 62.6 degrees Fahrenheit (17.01 degrees Celsius), setting a record that lasted only 24 hours. University of Maine climate scientist Sean Birkle, creator of the Climate Reanalyzer, said the daily figures are unofficial but a useful snapshot of what's happening in a warming world. Think of it as the temperature of someone who's ill, he said: It tells you something might be wrong, but you need longer-term records to work like a doctor's exam for a complete picture. While the figures are not an official government record, "this is showing us an indication of where we are right now," said National Oceanic and Atmospheric Administration chief scientist Sarah Kapnick. And NOAA indicated it will take the figures into consideration for its official record calculations. Even though the dataset used for the unofficial record goes back only to 1979, Kapnick said that given other data, the world is likely seeing the hottest day in "several hundred years that we've experienced." Scientists generally use much longer measurements -- months, years, decades -- to track the Earth's warming. But the daily highs are an indication that climate change is reaching uncharted territory.

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Yolanda Diaz, Spain's Labor Minister and candidate for Prime Minister with the progressive platform Sumar, has proposed a scheme to tackle social inequality by giving every young person in the country 20,000 euros (roughly $21,776) to spend on school, training or starting a business once they reach the age of 18. The Guardian reports: According to Diaz's Sumar platform, which announced the policy before Spain's snap general election on 23 July, the initiative would cost 10 billion euros, which would be raised by taxing the rich. Sumar said the aim was to guarantee "equality of opportunity" regardless of people's family backgrounds or earnings. The payments, which would begin at the age of 18 and continue until the age of 23, would be accompanied by administrative support to help people study, train or establish their own business. DÃaz confirmed that the policy -- called the "universal inheritance" -- would be available to all young Spaniards regardless of their economic circumstances and would be funded by taxing people earning more than 3 million euros a year. Sumar estimates it would cost 0.8% of Spain's GDP. The minister, who was raised in a staunchly communist household, said she had been unable to follow her own dreams of becoming an employment inspector because there was not enough money for her to spend years studying. "Becoming an employment inspector in Spain would have taken about five years," she said. "I'm not an employment inspector because I'm the daughter of working-class parents and I could never have allowed myself to do that. This is a redistributive measure that will allow the young people of our country to have a future regardless of their surname."

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The new Nubia RedMagic 8S Pro+ features support for up to 24GB of RAM -- the same amount of RAM found in a 13-inch top-spec M2 MacBook Pro. Ars Technica reports: The base model of the RedMagic 8S Pro+ starts with 16GB of RAM, but GSMArena has pictures and details of the upgraded 24GB SKU, which is the most amount of memory ever in an Android phone. Because we're all about big numbers, it also comes with 1TB of storage. This suped-up 24GB version of the phone appears to be a China-exclusive, with the price at CNY 7,499 (about $1,034), which is a lot for a phone in China. Other specs include a new "Snapdragon 8+ Gen 2" variant, which appears to be the same higher-clocked version that Samsung gets for the S23. This runs at 3.36 GHz as opposed to the normal 3.2 GHz. There's a 6.8-inch, 120 Hz 2480x1116 OLED display and a 5000 mAh battery with a blazing-fast 165 W charging that can fully charge in 14 minutes. The display has an under-screen front camera, because selfies would just get in the way of gaming. The design is interesting -- it's just all right angles without a single smoothed-over edge on the entire phone. The sides are flat, the back is flat, and the corners are super tall, with almost no corner radius at all. In landscape mode, there are touch-sensitive shoulder buttons along the top edge for additional gaming controls, but it does not look comfortable to have to wrap your fingers around those hard corners. Just picture the smooth curves of an SNES controller compared to this thing -- even the example image does not look very comfortable. For color options, it comes in black, silver, or a clear back panel with a faux-mechanical design under it, just like a Nothing Phone. That little rainbow circle on the back is a spinning, 20,000 RPM blower fan that pushes heat out the side, so you'll presumably be gaming with cool temps for a long time. The phone is up for pre-order today in China and ships on July 11.

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European Union regulators have opened an official investigation into Amazon's proposed $1.7 billion acquisition of iRobot, the company behind the popular Roomba lineup of robot vacuum cleaners. The Verge reports: In a press release, the European Commission said it's concerned that "the transaction would allow Amazon to restrict competition in the market for robot vacuum cleaners ('RVCs') and to strengthen its position as online marketplace provider." The European Commission is also looking at how getting access to iRobot users' data may give Amazon an advantage "in the market for online marketplace services to third-party sellers (and related advertising services) and / or other data-related markets." The European Commission will make a decision about if it will block the deal by November 15th. Amazon announced plans to acquire iRobot for $1.7 billion in August last year. Amazon spokesperson Alexandra Miller said in a statement: "We continue to work through the process with the European Commission and are focused on addressing its questions and any identified concerns at this stage. iRobot, which faces intense competition from other vacuum cleaner suppliers, offers practical and inventive products. We believe Amazon can offer a company like iRobot the resources to accelerate innovation and invest in critical features while lowering prices for consumers."

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An anonymous reader quotes a report from Gizmodo: Amidst ongoing protests in France, the country has just passed a new bill that will allow police to remotely access suspects' cameras, microphones, and GPS on cell phones and other devices. As reported by Le Monde, the bill has been criticized by the French people as a "snoopers" charter that allows police unfettered access to the location of its citizens. Moreover, police can activate cameras and microphones to take video and audio recordings of suspects. The bill will reportedly only apply to suspects in crimes that are punishable by a minimum of five years in jail and Justice Minister Eric Dupond-Moretti claimed that the new provision would only affect a few dozen cases per year. During a debate over the bill yesterday, French politicians added an amendment that orders judge approval for any surveillance conducted under the scope of the bill and limits the duration of surveillance to six months, according to Le Monde. "For organized crime, the police can have access to the sound and image of a device. This concerns any connected device: telephone, speaker microphone, computer camera, computer system of a car... all without the knowledge of the persons concerned," French advocacy group La Quadrature du Net said in a statement on Twitter last month, machine translated by Gizmodo. "In view of the growing place of digital tools in our lives, accepting the very principle that they are transformed into police auxiliaries without our being aware of it poses a serious problem in our societies." In 2021, France passed a bill that would expand the French police force's ability to monitor civilians using drones -- all in an effort to protect officers from increasingly violent protestors, according to French President Emmanuel Macron.

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The July 1 deadline for the US airline industry came and went, and not much happened. "We're not aware of any disruptions specifically related to 5G over the weekend," wrote Ian Petchenik, director of communications for Flightradar24, on Monday. Mike Dano writes via Light Reading: Petchenik noted the flight-tracking company does not specifically collect data on the types of issues that delay flights. Regardless, the situation is remarkable considering warnings of "major disruptions," "chaos" and the possibility that "the nation's commerce will grind to a halt" if 5G gets too close to airplanes in the US. Broadly, the high-stakes standoff between the US wireless industry and the airline industry -- which kicked into high gear just over a year ago -- appears to be something that both sides now mostly want to forget.

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Uber Eats, DoorDash, and GrubHub filed lawsuits on Thursday seeking to strike down New York City's minimum wage law for delivery workers. The New York Times reports: Uber, DoorDash and Grubhub on Thursday each filed a request for a temporary restraining order in State Supreme Court in Manhattan to stop the wage changes from going into effect on July 12. Relay, a smaller, New York-based food delivery platform, did the same. The new pay standard, which was announced last month, would require gig platforms to pay food delivery workers about $18 per hour and to increase that amount to $20 per hour by 2025. Delivery workers currently make around $11 an hour, according the city's estimate. But Uber and the other gig companies say they will be forced to pass on the cost of the higher wages to consumers by raising prices. They argue that the city's modeling does not correctly calculate the degree to which these higher prices will harm local restaurants. And they say that the new system will work to deliverers' disadvantage because the company, to control costs, will have to strictly monitor how much time they spend online on the apps but not actually doing deliveries. "The rule must be paused before damaging the restaurants, consumers and couriers it claims to protect," Josh Gold, an Uber spokesman, said in a statement. In a prepared statement, Vilda Vera Mayuga, the commissioner of New York City's Department of Consumer and Worker Protection, defended the new wage standard. "Delivery workers, like all workers, deserve fair pay for their labor, and we are disappointed that Uber, DoorDash, Grubhub and Relay disagree," she said. "These workers brave thunderstorms, extreme heat events and risk their lives to deliver for New Yorkers -- and we remain committed to delivering for them."

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An anonymous reader quotes a report from The Globe and Mail: A Saskatchewan judge says an emoji can amount to a contractual agreement and ordered a farmer to pay more than $82,000 for not delivering product to a grain buyer after responding to a text message with a thumbs-up image. The Court of King's Bench decision said a grain buyer with South West Terminal sent a text to farmers in March 2021 saying that the company was looking to buy 86 tons of flax for $17 per bushel to be delivered in the fall. The buyer, Kent Mickleborough, later spoke with Swift Current farmer Chris Achter on the phone and texted a picture of a contract to deliver the flax in November, adding "please confirm flax contract." Achter texted back a thumbs-up emoji. But when November came around, the flax was not delivered and prices for the crop had increased. Mickleborough said the emoji amounted to an agreement because he had texted numerous contracts to Achter, who previously confirmed through text message and always fulfilled the order. But the farmer argued that the emoji indicated only that he'd received the contract in the text message. "I deny that he accepted the thumbs-up emoji as a digital signature of the incomplete contract," Achter said in an affidavit to court. "I did not have time to review the Flax Contract and merely wanted to indicate that I did receive his text message." Justice Timothy Keene said in his June decision that the thumbs-up emoji did meet signature requirements and therefore the farmer breached his contract. The judge pointed to a Dictionary.com definition of the thumbs-up emoji, which said it is used to express assent, approval or encouragement in digital communications. "This court readily acknowledges that a (thumbs-up) emoji is a non-traditional means to `sign' a document but nevertheless under these circumstances this was a valid way to convey the two purposes of a `signature,"' Keene wrote in his decision. Keene's decision noted the case is novel, but the judge said emojis are now commonly used.

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A monthslong test with some of the world's largest banks found that digital dollars could be an effective way to improve domestic and cross-border payments, according to a unit of the Federal Reserve Bank of New York. A report adds: The Fed's New York Innovation Center spent 12 weeks testing a technology known as a regulated liability network, which allows banks to simulate issuing digital money representing their customers' own funds before settling through central bank reserves on a distributed ledger. The test proved to the Fed that these so-called digital dollars have the ability to improve wholesale payments, and that the use of the ledger didn't alter the legal treatment of the deposits. "From a central banking perspective, the proof of concept was conducive to exploring tokenized regulated deposits and understanding the potential functional benefits of central bank and commercial bank digital money operating together on a shared ledger," Per von Zelowitz, director of the New York Innovation Center, said in a statement.

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The FBI's primary tool for monitoring social media threats is the same contractor that labeled peaceful Black Lives Matter protest leaders DeRay McKesson and Johnetta Elzie as "threat actors" requiring "continuous monitoring" in 2015. From a report: The contractor, ZeroFox, identified McKesson and Elzie as posing a "high severity" physical threat, despite including no evidence that McKesson or Elzie were suspected of criminal activity. "It's been almost a decade since the referenced 2015 incident and in that time we have invested heavily in fine-tuning our collections, analysis and labeling of alerts," Lexie Gunther, a spokesperson for ZeroFox, told The Intercept, "including the addition of a fully managed service that ensures human analysis of every alert that comes through the ZeroFox Platform to ensure we are only alerting customers to legitimate threats and are labeling those threats appropriately." The FBI, which declined to comment, hired ZeroFox in 2021, a fact referenced in the new 106-page Senate report about the intelligence community's failure to anticipate the January 6, 2021, uprising at the U.S. Capitol. The June 27 report, produced by Democrats on the Senate Homeland Security Committee, shows the bureau's broad authorities to surveil social media content -- authorities the FBI previously denied it had, including before Congress. It also reveals the FBI's reliance on outside companies to do much of the filtering for them. The FBI's $14 million contract to ZeroFox for "FBI social media alerting" replaced a similar contract with Dataminr, another firm with a history of scrutinizing racial justice movements. Dataminr, like ZeroFox, subjected the Black Lives Matter movement to web surveillance on behalf of the Minneapolis Police Department, previous reporting by The Intercept has shown.

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After surpassing 10 million sign-ups in the first seven hours, Meta's new Twitter rival, Threads, has reached a new milestone: 30 million sign-ups in less than 24 hours. TechCrunch reports: Threads passed 2 million signups in its first two hours live in the App Store and shows no signs of slowing down. Meta CEO Mark Zuckerberg noted the milestone on his Threads account. Threads was available for "preorder" through iOS, notifying users who were alerted of its existence through a flashy Instagram cross-promotion. Threads is deeply tied into Instagram and Instagram accounts now display a Threads user number so the counting is both transparent and happening in real time. Users who opted into the Threads pre-launch received a push notification when Threads went live on Wednesday afternoon and could immediately hop into Meta's latest app. Threads is also now the fastest app to cross the 1 million users mark, beating ChatGPT's record. Further reading: Twitter Threatens To Sue Meta Over Threads

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OpenAI today announced the general availability of GPT-4, its latest text-generating model, through its paid API. From a report: Starting this afternoon, all existing OpenAI API developers "with a history of successful payments" can access GPT-4. The company plans to open up access to new developers by the end of this month, and then start raising availability limits after that "depending on compute availability." "Millions of developers have requested access to the GPT-4 API since March, and the range of innovative products leveraging GPT-4 is growing every day," OpenAI wrote in a blog post. "We envision a future where chat-based models can support any use case." GPT-4 can generate text (including code) and accept image and text inputs -- an improvement over GPT-3.5, its predecessor, which only accepted text -- and performs at "human level" on various professional and academic benchmarks. Like previous GPT models from OpenAI, GPT-4 was trained using publicly available data, including from public webpages, as well as data that OpenAI licensed. The image understanding capability isn't available to all OpenAI customers just yet. OpenAI's testing it with a single partner, Be My Eyes, to start with. But it hasn't indicated when it'll open it up to the wider customer base.

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Twitter is threatening legal action against Meta over its new text-based "Twitter killer" platform, accusing the social media giant of poaching former employees to create a "copycat" application. Semafor: On Wednesday, Instagram parent company Meta introduced Threads, a text-based companion to Instagram that resembles Twitter and other text-based social platforms. Just hours later, a lawyer for Twitter, Alex Spiro, sent a letter to Meta CEO Mark Zuckerberg accusing the company of engaging in "systematic, willful, and unlawful misappropriation of Twitter's trade secrets and other intellectual property." "Twitter intends to strictly enforce its intellectual property rights, and demands that Meta take immediate steps to stop using any Twitter trade secrets or other highly confidential information," Spiro wrote in a letter obtained exclusively by Semafor. "Twitter reserves all rights, including, but not limited to, the right to seek both civil remedies and injunctive relief without further notice to prevent any further retention, disclosure, or use of its intellectual property by Meta." Spiro accused Meta of hiring dozens of former Twitter employees who "had and continue to have access to Twitter's trade secrets and other highly confidential information."

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OceanGate, the owner of the Titan submersible that imploded during a voyage to the Titanic, killing all five people on board, says it has suspended its exploration and commercial operations, according to its website. From a report: The company's CEO, Stockton Rush, was among those who perished when the Titan submersible imploded in the North Atlantic Ocean last month. "OceanGate has suspended all exploration and commercial operations," the top of the company's official website says. The website still features highlight reels of equipment and expeditions, as well as descriptions of expedition offerings, including to tour the Titanic wreckage.

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After months of painful job cuts, companies in San Francisco's tech sector stepped up hiring in May, spurred in part by an artificial intelligence boom, according to a new report. From a report: San Francisco and neighboring San Mateo County added 2,800 jobs in the tech sector in May, according to the city's latest employment update. The new hires mean the region has recovered 38% of jobs since a wave of industry cuts began in late 2022, said San Francisco's chief economist Ted Egan. "The stock market, especially Big Tech, is doing very well this year and that tends to be a leading indicator for hiring, especially in San Francisco," said Egan. He expects the artificial intelligence sector accounted for much of the job growth given the "huge chunk of buzz" the industry is generating. Companies like OpenAI, the maker of ChatGPT, and Anthropic, which recently raised $450 million for a competing AI-powered chatbot, are both based in San Francisco. While the latest data indicates an AI-fueled hiring increase, it does not provide a breakdown of where the new jobs were located between San Francisco and nearby cities to the south in San Mateo County.

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DigitalOcean, the cloud hosting business, today announced that it's agreed to acquire Paperspace, a New York-based cloud computing and AI development startup, for $111 million in cash. From a report: DigitalOcean CEO Yancey Spruill says that Paperspace's infrastructure and tooling, once integrated with DigitalOcean's products, will enable customers to more easily test, develop and deploy AI applications. As for Paperspace customers, they'll benefit from DigitalOcean's cloud services, he says -- including databases, storage, app hosting, documentation, tutorials and a robust support system. For now, Paperspace will remain a standalone business unit within DigitalOcean, and Paperspace customers won't see immediate changes to their service.

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