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Five VPN Apps In the App Store Had Links To Chinese Military

Slashdot.org - Wed, 04/02/2025 - 19:20
A joint investigation found that at least five popular VPN apps on the App Store and Google Play have ties to Qihoo 360, a Chinese company with military links. Apple has since removed two of the apps but has not confirmed the status of the remaining three, which 9to5Mac notes have "racked up more than a million downloads." The five apps in question are Turbo VPN, VPN Proxy Master, Thunder VPN, Snap VPN, and Signal Secure VPN (not associated with the Signal messaging app). The Financial Times reports: At least five free virtual private networks (VPNs) available through the US tech groups' app stores have links to Shanghai-listed Qihoo 360, according to a new report by research group Tech Transparency Project, as well as additional findings by the Financial Times. Qihoo, formally known as 360 Security Technology, was sanctioned by the US in 2020 for alleged Chinese military links. The US Department of Defense later added Qihoo to a list of Chinese military-affiliated companies [...] In recent recruitment listings, Guangzhou Lianchuang says its apps operate in more than 220 countries and that it has 10mn daily users. It is currently hiring for a position whose responsibilities include "monitoring and analyzing platform data." The right candidate will be "well-versed in American culture," the posting says.

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Anthropic Launches an AI Chatbot Plan For Colleges and Universities

Slashdot.org - Wed, 04/02/2025 - 18:40
An anonymous reader quotes a report from TechCrunch: Anthropic announced on Wednesday that it's launching a new Claude for Education tier, an answer to OpenAI's ChatGPT Edu plan. The new tier is aimed at higher education, and gives students, faculty, and other staff access to Anthropic's AI chatbot, Claude, with a few additional capabilities. One piece of Claude for Education is "Learning Mode," a new feature within Claude Projects to help students develop their own critical thinking skills, rather than simply obtain answers to questions. With Learning Mode enabled, Claude will ask questions to test understanding, highlight fundamental principles behind specific problems, and provide potentially useful templates for research papers, outlines, and study guides. Anthropic says Claude for Education comes with its standard chat interface, as well as "enterprise-grade" security and privacy controls. In a press release shared with TechCrunch ahead of launch, Anthropic said university administrators can use Claude to analyze enrollment trends and automate repetitive email responses to common inquiries. Meanwhile, students can use Claude for Education in their studies, the company suggested, such as working through calculus problems with step-by-step guidance from the AI chatbot. To help universities integrate Claude into their systems, Anthropic says it's partnering with the company Instructure, which offers the popular education software platform Canvas. The AI startup is also teaming up with Internet2, a nonprofit organization that delivers cloud solutions for colleges. Anthropic says that it has already struck "full campus agreements" with Northeastern University, the London School of Economics and Political Science, and Champlain College to make Claude for Education available to all students. Northeastern is a design partner -- Anthropic says it's working with the institution's students, faculty, and staff to build best practices for AI integration, AI-powered education tools, and frameworks. Anthropic hopes to strike more of these contracts, in part through new student ambassador and AI "builder" programs, to capitalize on the growing number of students using AI in their studies.

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India Set For $100 Billion Startup IPO Surge By 2027

Slashdot.org - Wed, 04/02/2025 - 18:00
According to Bloomberg, India is set for a surge in tech startup IPOs valued at around $100 billion by 2027, with major players like Flipkart, PhonePe, and Oyo preparing to go public. From a report: A report from Indian investment bank The Rainmaker Group suggests that the new wave of IPO hopefuls is in a stronger financial position than their predecessors. Many of the startups that were listed during the 2021-2022 boom struggled post-IPO, with fintech firm Paytm losing roughly 63% of its value and beauty retailer Nykaa slipping 4% since going public. "The financial health of companies set to list in the next two years is significantly better than those that went public earlier," said Kashyap Chanchani, managing partner at Rainmaker. He noted that two-thirds of the firms eyeing IPOs are already profitable and have improved transparency, making them more attractive to investors.

Read more of this story at Slashdot.

A practical approach to creative content and AI trainingA practical approach to creative content and AI trainingPresident of Global Affairs

GoogleBlog - Wed, 04/02/2025 - 17:30
Google’s President of Global Affairs, Kent Walker, gives an overview of Google's approach to creative content and AI training.Google’s President of Global Affairs, Kent Walker, gives an overview of Google's approach to creative content and AI training.
Categories: Technology

US Bank Smartly Credit Card Review: Up to 4% Cash Back w/ $100,000 in Qualifying Balances

MyMoneyBlog.com - Wed, 04/02/2025 - 17:27

Update 4/2/25: Doctor of Credit reports a Reddit rumor that the US Bank Smartly credit card will be undergoing some major negative changes as of 4/14/25. This includes:

  • Base is still 2% cash back on unlimited amounts. Bonus cash back (up to another 2% for a total of 4%) is capped to $10,000 in purchases per statement cycle.
  • Bonus cash back now excludes: Educational/school, gift cards, insurance, taxes, business to business transactions, and 3rd party bill payments.
  • For new cardmembers after April 14th, only checking account balances count now towards the $10k/$50k/$100k deposit requirements. Critically, savings account balances and investment balances do not count after 4/14 for new cardmembers. Existing customers will be grandfathered in for now.

Again, the above is a rumor. However, I do believe the following are true:

  • There is basically no way that this card can continue to exist without some sort of added restrictions. 4% with no cap simply does not math out, as I guarantee that some people are paying $100,000 in college or private school tuitions, $300,000+ in tax bills on this card, and who knows how many business transactions between “friendly” parties…
  • US Bank has a history of first rolling out a consumer-friendly product, and then later pulling it from the market or changing the features.
  • US Bank also has a history of grandfathering in existing customers of those products and continuing to offer them some/all of the old features.

Therefore, I see two possible actionable responses:

  1. Giving up on this Smartly card and not applying at all, and possibly avoiding the US Bank ecosystem altogether. It’s hard to work with unreliable people. If these changes take place, after 4/14 the lost interest on $100,000 in cash will outweigh the extra 2% by a good margin.
  2. Working extra fast right now in order to open up your US Bank Smartly savings account (this seems to be the easiest to open), then Smartly checking w/ bonus, then the US Bank self-directed brokerage account, fund it with $100,000, and apply for the Smartly credit card all as soon as possible, definitely before the rumored 4/14 deadline. Take advantage of the fact that they probably have to grandfather in these current terms at least for a year or so, otherwise in theory they would be bait-and-switching and might get in trouble.

Since my last update, I opened a new US Bank brokerage account, moved over $101,000 in cash, and then invested it all into the SGOV ETF that holds Treasury Bills. (I could have moved over stock ETFs instead, but I had the cash available.) I then applied for the Smartly credit card and was approved with a $25,000 limit despite my previous lack of “pre-approval”. I was hoping that reaching their top rewards tier first would encourage them to approve my new card, and maybe it helped. I’m okay with accepting the rumored changes as long as they grandfather me in on the brokerage balances; it could have been worse. What do you think?

I just took a quick look at the application page. Everything still looks the same as before as of today. I did take some screenshots in case there are subtle changes later.

Update 11/11/24: Applications for this card are now open. No sign-up bonus. It let me check if I was “pre-approved” with a soft pull (had to unfreeze TransUnion for it to work), but I was not pre-approved. That might be because I recently applied for the Altitude Reserve (now-discontinued) after setting up a Smartly Checking and Savings account to get “in” with them but was getting impatient (was denied for US Bank credit cards in the past without a banking relationship due to my geographic area). Will have to sit this one out for now, but plan to try again later if they don’t pull it quickly.

Original pre-review post:

US Bank recently announced the US Bank Smartly Visa Signature Card, a new rewards credit card that offers up to 4% cash back on all purchases, if you have enough qualifying balances with them. This is the newest entrant to relationship banking, where banks offers you extra perks for combining multiple account types with them like savings accounts and investment/retirement accounts.

The card is not open to applications yet, but you can get on an e-mail waitlist. Here are the details of how that “up to 4% cash back” breaks down according to this US Bank press release and CNBC article.

Base rewards of 2% cash back on all purchases, with no limit. Technically, this card earns 2 points per $1 spent in eligible net purchases. In order get 2% cash back, you must redeem those points into an eligible U.S. Bank checking or savings account.

Bonus rewards of 0.5%, 1% or 2% cash back based on your qualifying combined balances at US Bank. You must also have an open Bank Smartly Savings account. Your qualifying combined balances with U.S. Bank include “open consumer checking account(s), money market savings account(s), savings account(s), CDs and/or IRAs, U.S. Bancorp Investments and personal trust account(s).” Business accounts, commercial accounts, and the Trustee only (IFI) client relationship do not qualify.

  • $5,000 – $49,999.99 earns 2.5% total cash back. Total of 2.5 Points per $1 (a base of 2 Points plus the Smartly Earning Bonus of 0.5 Points),
  • $50,000 – $99,999.99 earns 3% total cash back. Total of 3 Points per $1 (a base of 2 Points plus the Smartly Earning Bonus of 1 Point).
  • $100,000+ earns 4% total cash back. Total of 4 Points per $1 (a base of 2 Points plus the Smartly Earning Bonus of 2 Points).

Other bits: CNBC article reports no annual fee. Points will expire if there is no reward, purchase, or balance activity on your account for 12 consecutive statement cycles. Bank Smartly Credit Card and Bank Smartly Savings available in all 50 states.

Bank Smartly savings account. Let’s take a closer look at the Bank Smartly Savings account, which also earns difference rates based on both your balance inside the Smartly savings account itself AND your qualifying combined balances at US Bank. Here’s their current interest rate grid, updated as of 9/3/2024.

Importantly, these rates can change at any time. But right now, if you have at least $25k in Smartly and $25k in combined qualifying combined balances across US Bank, you can get the current top rate of 4.10% APY.

There is also a $5 monthly maintenance fee, which is waived if you have a Bank Smartly® Checking account (or Safe Debit account which also costs $4.95 a month). The Bank Smartly® Checking account itself has a $6.95 monthly fee, waived with $1,500+ average account balance, qualifying U.S. Bank consumer credit card, or combined monthly direct deposits totaling $1,000+.

Therefore, technically if you get this credit card, that would make the Bank Smartly Checking account free, which in turn would make the Bank Smartly Savings account free. Right now there is also a $450 bonus for new Bank Smartly Checking customers with a direct deposit requirement.

Rough opportunity costs with depositing cash at Bank Smartly Savings. Let’s try some rough theoretical numbers. Let’s say you actually have $100,000 in cash lying around, but you could get ~5.10% APY elsewhere and so you would be giving up ~1% APY to park your money at US Bank instead. If you held all of it at Bank Smartly Savings to qualify for the 4% cash back on the credit card, you’d be giving up $1,000 in taxable interest each year ($100,000 x 1%).

In exchange, you are getting 2% extra cash back over your existing, flat 2% cash back card. Cash back rewards are generally considered non-taxable as they are a rebate on your purchase. If you assume a marginal tax rate of 0% (this is just a guess), then you’d need $50,000 in annual purchases ($4,166 a month) at 2% extra cash back to break even with the hit from the lower interest. If you assume a marginal tax rate of 22%, then you’d need a little less: $39,000 in annual purchases ($3,350 a month) at 2% extra cash back to break even with the hit from the lower interest.

US Bank self-directed investments accounts! As with the Bank of America Preferred Rewards program, an alternative way to satisfy the balance requirements with minimal opportunity costs is to transfer over existing assets into a self-directed US Bank brokerage account. For example, you could transfer over $100,000 in index ETFs inside an IRA or taxable brokerage account. This would appear to fully satisfy the requirements as a “U.S. Bancorp Investments” account. This way, US Bank also gets a stronger foothold in the world of wealth management, as all the banks seem to want these days.

Be careful though, as US Bank’s self-directed brokerage account has a slightly higher fee schedule than much of the competition. Stock trades are $4.95 each, although you get 100 free trades per calendar year if you have both a Bank Smartly Checking account and paperless statements. There is a $50 annual account fee and a separate $50 annual IRA fee; these are waived if you have $250,000 in combined statement household balances.

My quick take. If all of these details actually hold through launch, they would be a potential improvement over the best current situation of 2.62% cash back on all purchases via the Bank of America Preferred Rewards program (also requires $100k in assets held at BofA) and a BofA cash back credit card. (The Robinhood 3% credit card is still “coming soon”.) But will it last? Even the BofA 2.62% has remained something of an outlier, but my hunch is that it has encouraged enough of people to keep a ton of cash at BofA earning zero interest so that BofA is still happy overall. Given that this new US Bank program actually offers a decent interest rate and an even higher cash back rate, I am concerned about its longevity. On the other hand, maybe this is US Bank’s big push to become a major player on the national level of Bank of America or Chase.

I’d have to open a lot of new accounts to go for this one. Savings account, brokerage account, credit card, move over assets, all for a bonus that is based on my credit card spend so will trickle in slowly. (None of these have a big upfront bonus.) Given the amount of shady stuff US Bank will probably have to deal with when paying 4% cash back, I’d also have to trust that it will last long enough to be worth the effort.

US Bank has a history of making cards and then pulling them from the market, but sometimes they also let the grandfathered users keep the old perk system. Hmm…

Categories: Finance

Bill Gates Celebrates Microsoft's 50th By Releasing Altair BASIC Source Code

Slashdot.org - Wed, 04/02/2025 - 17:20
To mark Microsoft's 50th anniversary, Bill Gates has released the original Altair BASIC source code he co-wrote with Paul Allen, calling it the "coolest code" he's ever written and a symbol of the company's humble beginnings. Thurrott reports: "Before there was Office or Windows 95 or Xbox or AI, there was Altair BASIC," Bill Gates writes on his Gates Notes website. "In 1975, Paul Allen and I created Microsoft because we believed in our vision of a computer on every desk and in every home. Five decades later, Microsoft continues to innovate new ways to make life easier and work more productive. Making it 50 years is a huge accomplishment, and we couldn't have done it without incredible leaders like Steve Ballmer and Satya Nadella, along with the many people who have worked at Microsoft over the years." Today, Gates says that the 50th anniversary of Microsoft is "bittersweet," and that it feels like yesterday when he and Allen "hunched over the PDP-10 in Harvard's computer lab, writing the code that would become the first product of our new company." That code, he says, remains "the coolest code I've ever written to this day ... I still get a kick out of seeing it, even all these years later."

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Google's pro-innovation proposals for the UK copyright frameworkGoogle's pro-innovation proposals for the UK copyright framework

GoogleBlog - Wed, 04/02/2025 - 16:59
Google has set out a balanced approach for the responsible use of content in AI, designed to further cooperation and help build a thriving AI ecosystem.In the UK, the De…
Categories: Technology

Vast Pedophile Network Shut Down In Europol's Largest CSAM Operation

Slashdot.org - Wed, 04/02/2025 - 16:41
An anonymous reader quotes a report from Ars Technica: Europol has shut down one of the largest dark web pedophile networks in the world, prompting dozens of arrests worldwide and threatening that more are to follow. Launched in 2021, KidFlix allowed users to join for free to preview low-quality videos depicting child sex abuse materials (CSAM). To see higher-resolution videos, users had to earn credits by sending cryptocurrency payments, uploading CSAM, or "verifying video titles and descriptions and assigning categories to videos." Europol seized the servers and found a total of 91,000 unique videos depicting child abuse, "many of which were previously unknown to law enforcement," the agency said in a press release. KidFlix going dark was the result of the biggest child sexual exploitation operation in Europol's history, the agency said. Operation Stream, as it was dubbed, was supported by law enforcement in more than 35 countries, including the United States. Nearly 1,400 suspected consumers of CSAM have been identified among 1.8 million global KidFlix users, and 79 have been arrested so far. According to Europol, 39 child victims were protected as a result of the sting, and more than 3,000 devices were seized. Police identified suspects through payment data after seizing the server. Despite cryptocurrencies offering a veneer of anonymity, cops were apparently able to use sophisticated methods to trace transactions to bank details. And in some cases cops defeated user attempts to hide their identities -- such as a man who made payments using his mother's name in Spain, a local news outlet, Todo Alicante, reported. It likely helped that most suspects were already known offenders, Europol noted. Arrests spanned the globe, including 16 in Spain, where one computer scientist was found with an "abundant" amount of CSAM and payment receipts, Todo Alicante reported. Police also arrested a "serial" child abuser in the US, CBS News reported.

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Global Scam Industry Evolving at 'Unprecedented Scale' Despite Recent Crackdown

Slashdot.org - Wed, 04/02/2025 - 16:01
Online scam operations across Southeast Asia are rapidly adapting to recent crackdowns, adopting AI and expanding globally despite the release of 7,000 trafficking victims from compounds along the Myanmar-Thailand border, experts say. These releases represent just a fraction of an estimated 100,000 people trapped in facilities run by criminal syndicates that rake in billions through investment schemes and romance scams targeting victims worldwide, CNN reports. "Billions of dollars are being invested in these kinds of businesses," said Kannavee Suebsang, a Thai lawmaker leading efforts to free those held in scam centers. "They will not stop." Crime groups are exploiting AI to write scamming scripts and using deepfakes to create personas, while networks have expanded to Africa, South Asia, and the Pacific region, according to the United Nations Office of Drugs and Crime. "This is a situation the region has never faced before," said John Wojcik, a UN organized crime analyst. "The evolving situation is trending towards something far more dangerous than scams alone."

Read more of this story at Slashdot.

European Commission Takes Aim At End-to-End Encryption and Proposes Europol Become an EU FBI

Slashdot.org - Wed, 04/02/2025 - 15:20
The European Commission has announced its intention to join the ongoing debate about lawful access to data and end-to-end encryption while unveiling a new internal security strategy aimed to address ongoing threats. From a report: ProtectEU, as the strategy has been named, describes the general areas that the bloc's executive would like to address in the coming years although as a strategy it does not offer any detailed policy proposals. In what the Commission called "a changed security environment and an evolving geopolitical landscape," it said Europe needed to "review its approach to internal security." Among its aims is establishing Europol as "a truly operational police agency to reinforce support to Member States," something potentially comparable to the U.S. FBI, with a role "in investigating cross-border, large-scale, and complex cases posing a serious threat to the internal security of the Union." Alongside the new Europol, the Commission said it would create roadmaps regarding both the "lawful and effective access to data for law enforcement" and on encryption.

Read more of this story at Slashdot.

Microsoft Urges Businesses To Abandon Office Perpetual Licenses

Slashdot.org - Wed, 04/02/2025 - 14:41
Microsoft is pushing businesses to shift away from perpetual Office licenses to Microsoft 365 subscriptions, citing collaboration limitations and rising IT costs associated with standalone software. "You may have started noticing limitations," Microsoft says in a post. "Your apps are stuck on your desktop, limiting productivity anytime you're away from your office. You can't easily access your files or collaborate when working remotely." In its pitch, the Windows-maker says Microsoft 365 includes Office applications as well as security features, AI tools, and cloud storage. The post cites a Microsoft-commissioned Forrester study that claims the subscription model delivers "223% ROI over three years, with a payback period of less than six months" and "over $500,000 in benefits over three years."

Read more of this story at Slashdot.

Cybersecurity Professor Faced China Funding Inquiry Before Disappearing

Slashdot.org - Wed, 04/02/2025 - 14:00
The FBI searched two homes of Indiana University Bloomington data privacy professor Xiaofeng Wang last week, following months of university inquiries into whether he received unreported research funding from China, WIRED reported Wednesday. Wang, who leads the Center for Distributed Confidential Computing established with a $3 million National Science Foundation grant, was terminated on March 28 via email from the university provost. The university had contacted Wang in December regarding a 2017-2018 grant in China that listed him as a researcher, questioning whether he properly disclosed the funding to IU and in applications for U.S. federal research grants. Jason Covert, Wang's attorney, said Wang and his wife Nianli Ma, whose employee profile was also removed, are "safe" and neither has been arrested. The couple's legal team has viewed a search warrant but received no affidavit establishing probable cause.

Read more of this story at Slashdot.

New in NotebookLM: Discover sources from around the webNew in NotebookLM: Discover sources from around the webSoftware Engineer

GoogleBlog - Wed, 04/02/2025 - 13:30
NotebookLM has launched Discover Sources, which lets you add sources from the web to your notebook.NotebookLM has launched Discover Sources, which lets you add sources from the web to your notebook.
Categories: Technology

AI Masters Minecraft: DeepMind Program Finds Diamonds Without Being Taught

Slashdot.org - Wed, 04/02/2025 - 13:30
An AI system has for the first time figured out how to collect diamonds in the hugely popular video game Minecraft -- a difficult task requiring multiple steps -- without being shown how to play. Its creators say the system, called Dreamer, is a step towards machines that can generalize knowledge learned in one domain to new situations, a major goal of AI. From a report: "Dreamer marks a significant step towards general AI systems," says Danijar Hafner, a computer scientist at Google DeepMind in San Francisco, California. "It allows AI to understand its physical environment and also to self-improve over time, without a human having to tell it exactly what to do." Hafner and his colleagues describe Dreamer in a study in Nature published on 2 April. In Minecraft, players explore a virtual 3D world containing a variety of terrains, including forests, mountains, deserts and swamps. Players use the world's resources to create objects, such as chests, fences and swords -- and collect items, among the most prized of which are diamonds. Importantly, says Hafner, no two experiences are the same. Every time you play Minecraft, it's a new, randomly generated world," he says. This makes it useful for challenging an AI system that researchers want to be able to generalize from one situation to the next. "You have to really understand what's in front of you; you can't just memorize a specific strategy," he says.

Read more of this story at Slashdot.

Amazon Said To Make a Bid To Buy TikTok in the US

Slashdot.org - Wed, 04/02/2025 - 11:59
An anonymous reader shares a report: Amazon has put in a last-minute bid to acquire all of TikTok, the popular video app, as it approaches an April deadline to be separated from its Chinese owner or face a ban in the United States, according to three people familiar with the bid. Various parties who have been involved in the talks do not appear to be taking Amazon's bid seriously, the people said. The bid came via an offer letter addressed to Vice President JD Vance and Howard Lutnick, the commerce secretary, according to a person briefed on the matter. Amazon's bid highlights the 11th-hour maneuvering in Washington over TikTok's ownership. Policymakers in both parties have expressed deep national security concerns over the app's Chinese ownership, and passed a law last year to force a sale of TikTok that was set to take effect in January.

Read more of this story at Slashdot.

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