The Ninth Circuit Court of Appeals has almost entirely upheld a scathing April ruling that found Apple in willful violation of a 2021 injunction meant to open up iOS App Store payments in its long-running legal battle against Epic Games. A three-judge panel affirmed that Apple's 27% fee for developers using outside payment options had a "prohibitive effect" and that the company's design restrictions on external payment links were overly broad.

The appeals court also agreed that Apple acted in "bad faith" by rejecting viable, compliant alternatives in internal discussions. One divergence from the lower court: the appeals court ruled that Apple should still be able to charge a "reasonable fee" based on its actual costs to ensure user security and privacy, rather than charging nothing at all. What qualifies as "reasonable" remains to be determined.

Epic CEO Tim Sweeney told reporters he believes those fees should be "super super minor," on the order of "tens or hundreds of dollars" every time an iOS app update goes through Apple for review. "The Apple Tax is dead in the USA," he wrote on social media. Sweeney also alleged that a widespread "fear of retaliation" has kept many developers paying Apple's default 30% fees, claiming the company can effectively "ghost" apps by delaying reviews or burying them in search results.

The SEC has granted the Depository Trust & Clearing Corp., or DTCC, a no-action letter allowing it to custody and recognize tokenized stocks, ETFs, and Treasuries on approved blockchains for three years. "Although this program is a pilot subject to various operational limitations, it marks a significant incremental step in moving markets onchain," SEC Commissioner Hester Peirce said in a statement. Bloomberg reports: With the permission, DTCC will also extend their record-keeping to the blockchain, Michael Winnike, global head of strategy and market solutions at DTCC Clearing & Securities Services, said in an interview. "It's the same legal entitlement, the same stock that you would hold in your account from the DTCC in traditional form," Winnike said. [...] The SEC's authorization of tokenization services only applies to a specific set of securities that trade often. The approval includes the Russell 1000 index which represents the 1,000 largest publicly traded US companies, as well as exchange-traded funds that track major indices and US Treasury bills, bonds and notes, Winnike said. "This allows us both to create value for the markets, while staying in a pre-defined pool of highly-liquid securities to start," said Winnike. The firm's ultimate aspiration is to add its entire depository, which represents $100 trillion in securities, to the blockchain, a move that would require further expansion of the no-action relief from the SEC, he said.

Winnike said the tokenization service will help bridge the traditional and digital worlds in part because the new technology will have the same legal entitlements and controls as traditional markets, including freezing or forced transfers if assets are stolen. "This enables participants to adopt and integrate, because they know there is a trusted party that can recover their securities as needed" and can address potential errors, he said. The new blockchain service will also allow investors to move assets all the time, not just Monday through Friday when traditional markets are open. "That creates a lot of new utility," Winnike said. "It brings the two ecosystems together."

During the company's first "Autonomy & AI Day" event today, Rivian unveiled a major autonomy push featuring custom silicon, lidar, and a "large driving model." It also hinted at a potential entry into the self-driving ride-hail market, according to CEO RJ Scaringe. TechCrunch reports: Rivian said it will expand the hands-free version of its driver-assistance software to "over 3.5 million miles of roads across the USA and Canada" and will eventually expand beyond highways to surface streets (with clearly painted road lines). This expanded access will be available on the company's second-generation R1 trucks and SUVs. It's calling the expanded capabilities "Universal Hands-Free" and will launch in early 2026. Rivian says it will charge a one-time fee of $2,500 or $49.99 per month.

"What that means is you can get into the vehicle at your house, plug in the address to where you're going, and the vehicle will completely drive you there," Scaringe said Thursday, describing a point-to-point navigation feature. After that, Rivian plans to allow drivers to take their eyes off the road. "This gives you your time back. You can be on your phone, or reading a book, no longer needing to be actively involved in the operation of vehicle." Rivian's driver assistance software won't stop there; the EV maker laid out plans on Thursday to enhance its capabilities all the way up to what it's calling "personal L4," a nod to the level set by the Society of Automotive Engineers that means a car can operate in a particular area with no human intervention.

After that, Scaringe hinted that Rivian will be looking at competing with the likes of Waymo. "While our initial focus will be on personally owned vehicles, which today represent a vast majority of the miles driven in the United States, this also enables us to pursue opportunities in the ride-share space," he said. To help accomplish these lofty goals, Rivian has been building a "large driving model" (think: an LLM but for real-world driving), part of a move away from a rules-based framework for developing autonomous vehicles that has been led by Tesla. The company also showed off its own custom 5nm processor, which it says will be built in collaboration with both Arm and TSMC.

New York Governor Kathy Hochul on Thursday signed two bills aimed at regulating the use of AI in entertainment, requiring disclosure when ads feature AI-generated performers and mandating consent from heirs before a deceased person's likeness can be used commercially. Hochul described both measures as "first in the nation" policies during a signing ceremony at SAG-AFTRA's New York City offices.

The first bill compels ad producers to disclose the use of synthetic performers, and the second requires companies to obtain consent from heirs or executors before using a person's name, image, or likeness for commercial purposes after their death. "We will have responsible AI policies in the state of New York," Hochul said. "It's a time where we do want to embrace innovation. But not to the detriment of people."

The signing came the same day Disney announced a partnership allowing users of OpenAI's Sora to create clips featuring Marvel, Pixar, and Star Wars characters.

Tourists from dozens of countries including the UK could be asked to provide a five-year social media history as a condition of entry to the United States, under a new proposal unveiled by American officials. From a report: The new condition would affect people from dozens of countries who are eligible to visit the US for 90 days without a visa, as long as they have filled out an Electronic System for Travel Authorization (ESTA) form. Since returning to the White House in January, President Donald Trump has moved to toughen US borders more generally - citing national security as a reason.

Analysts say the new plan could pose an obstacle to potential visitors, or harm their digital rights. Asked whether the proposal could lead to a steep drop-off in tourism to the US, Trump said he was not concerned. "No. We're doing so well," the president said on Wednesday. "We just want people to come over here, and safe. We want safety. We want security. We want to make sure we're not letting the wrong people come enter our country."

Congress quietly removed provisions that would have let the U.S. military fix its own equipment without relying on contractors, despite bipartisan and Pentagon support. The Register reports: The House and Senate versions of the NDAA passed earlier both included provisions that would have extended common right-to-repair rules to US military branches, requiring defense contractors to provide access to technical data, information, and components that enabled military customers to quickly repair essential equipment. Both of those provisions were stripped from the final joint-chamber reconciled version of the bill, published Monday, right-to-repair advocates at the US Public Interest Research Group (PIRG) pointed out in a press release. [...]

According to PIRG's press release on the matter, elected officials have been targeted by an "intensive lobbying push" in recent weeks against the provisions. House Armed Services Committee chair Mike Rogers (R-AL) and ranking Democrat Adam Smith (D-WA), responsible for much of the final version of the bill, have received significant contributions from defense contractors in recent years, and while correlation doesn't equal causation, it sure looks fishy. [Isaac Bowers, PIRG's federal legislative director] did tell us that he was glad that the defense sector's preferred solution to the military right to repair fight -- a "data as a service" solution -- was also excluded, so the 2026 NDAA isn't a total loss for the repairability fight. "That provision would have mandated the Pentagon access repair data through separate vendor contracts rather than receiving it upfront at the time of procurement, maintaining the defense industry's near monopoly over essential repair information and keeping troops waiting for repairs they could do quicker and cheaper themselves," Bowers said in an email.

An aide to the Democratic side of the Committee told The Register the House and Senate committees did negotiate a degree of right-to-repair permissions in the NDAA. According to the aide and a review of the final version of the bill, measures were included that require the Defense Department to identify any instances where a lack of technical data hinders operation or maintenance of weapon systems, as well as aviation systems. The bill also includes a provision that would establish a "technical data system" that would "track, manage, and enable the assessment" of data related to system maintenance and repair. Unfortunately, the technical data system portion of the NDAA mentions "authorized repair contractors" as the parties carrying out repair work, and there's also no mention of parts availability or other repairability provisions in the sections the staffer flagged -- just access to technical data. That means the provisions are unlikely to move the armed forces toward a new repairability paradigm.

The Trump administration will allow Nvidia to resume selling H200 chips to China, but only if the U.S. government takes a 25% cut. Axios reports: Trump said on Truth Social that he'll allow Nvidia to sell H200 chips -- the generation of chips before its current, more-advanced Blackwell lineup -- to China, with the U.S. government pocketing a quarter of the revenue. He said he would apply "the same approach to AMD, Intel, and other GREAT American Companies."

American defense hawks fear that China could use Nvidia chips to advance its military ambitions. Trump said Monday that the sales will be subject to "conditions that allow for continued strong National Security." The blockade remains in place for Nvidia's current generation of Blackwell chips, which will be replaced in the second half of 2026 by even more advanced Rubin chips. Huang said recently he was unsure if China would want the older chips. "We applaud President Trump's decision to allow America's chip industry to compete to support high paying jobs and manufacturing in America," Nvidia said in a statement. "Offering H200 to approved commercial customers, vetted by the Department of Commerce, strikes a thoughtful balance that is great for America."

An anonymous reader quotes a report from the Guardian: A coalition of more than 230 environmental groups has demanded a national moratorium on new datacenters in the U.S., the latest salvo in a growing backlash to a booming artificial intelligence industry that has been blamed for escalating electricity bills and worsening the climate crisis. The green groups, including Greenpeace, Friends of the Earth, Food & Water Watch and dozens of local organizations, have urged members of Congress to halt the proliferation of energy-hungry datacenters, accusing them of causing planet-heating emissions, sucking up vast amounts of water and exacerbating electricity bill increases that have hit Americans this year.

"The rapid, largely unregulated rise of datacenters to fuel the AI and crypto frenzy is disrupting communities across the country and threatening Americans' economic, environmental, climate and water security," the letter states, adding that approval of new data centers should be paused until new regulations are put in place. The push comes amid a growing revolt against moves by companies such as Meta, Google and Open AI to plow hundreds of billions of dollars into new datacenters, primarily to meet the huge computing demands of AI. At least 16 datacenter projects, worth a combined $64 billion, have been blocked or delayed due to local opposition to rising electricity costs. The facilities' need for huge amounts of water to cool down equipment has also proved controversial, particularly in drier areas where supplies are scarce. [...]

At the current rate of growth, datacenters could add up to 44m tons of carbon dioxide to the atmosphere by 2030, equivalent to putting an extra 10m cars on to the road and exacerbating a climate crisis that is already spurring extreme weather disasters and ripping apart the fabric of the American insurance market. But it is the impact upon power bills, rather than the climate crisis, that is causing anguish for most voters, acknowledged Emily Wurth, managing director of organizing at Food & Water Watch, the group behind the letter to lawmakers. "I've been amazed by the groundswell of grassroots, bipartisan opposition to this, in all types of communities across the US," said Wurth. "Everyone is affected by this, the opposition has been across the political spectrum. A lot of people don't see the benefits coming from AI and feel they will be paying for it with their energy bills and water."

"It's an important talking point. We've seen outrageous utility price rises across the country and we are going to lean into this. Prices are going up across the board and this is something Americans really do care about."

America's Energy Department runs a research lab in Idaho — and this week announced successful results from a ground-breaking experiment. "This is the first time in history that chloride-based molten salt fuel has been produced for a fast reactor," says Bill Phillips, the lab's technical lead for salt synthesis. He calls it "a major milestone for American innovation and a clear signal of our national commitment to advanced nuclear energy." Unlike traditional reactors that use solid fuel rods and water as a coolant, most molten salt reactors rely on liquid fuel — a mixture of salts containing fissile material. This design allows for higher operating temperatures, better fuel efficiency, and enhanced safety. It also opens the door to new applications, including compact nuclear systems for ships and remote installations.

"The Molten Chloride Fast Reactor represents a paradigm shift in the nuclear fuel cycle, and the Molten Chloride Reactor Experiment (MCRE) will directly inform the commercialization of that reactor," said Jeff Latkowski, senior vice president of TerraPower and program director for the Molten Chloride Fast Reactor. "Working with world-leading organizations such as INL to successfully synthesize this unique new fuel demonstrates how real progress in Gen IV nuclear is being made together."

"The implications for the maritime industry are significant," said Don Wood, senior technical advisor for MCRE. "Molten salt reactors could provide ships with highly efficient, low-maintenance nuclear power, reducing emissions and enabling long-range, uninterrupted travel. The technology could spark the rise of a new nuclear sector — one that is mobile, scalable and globally transformative.
More details from America's Energy Department: MCRE will require a total of 72 to 75 batches of fuel salt to go critical, making it the largest fuel production effort at INL since the operations of Experimental Breeder Reactor-II more than 30 years ago. The full-scale demonstration of the new fuel salt synthesis line for MCRE was made possible by a breakthrough in 2024. After years of testing, the team found the right recipe to convert 95 percent of uranium metal feedstock into 18 kilograms of uranium chloride fuel salt in only a few hours — a process that previously took more than a week to complete...

After delivering the first batch of fuel salt this fall, the team anticipates delivering four additional batches by March of 2026. MCRE is anticipated to run in 2028 for approximately six months at INL in the Laboratory for Operation and Testing (LOTUS) in the United States test bed.
"With the first batch of fuel salt successfully created at INL, researchers will now conduct testing to better understand the physics of the process, with a goal of moving the process to a commercial scale over the next decade," says Cowboy State Daily.

Thanks to long-time Slashdot reader schwit1 for sharing the article.

"First the penny. Next, paper checks?" asks CNN: When the U.S. Mint stopped making pennies last month for the first time in 238 years, it drew a lot of attention. But there have been quiet moves to stop using paper checks as well. The government stopped sending out most paper checks to recipients as of the end of September, part of an effort to fully modernize federal benefits payments. And on Thursday the Federal Reserve put out a notice that suggested it is considering — but only considering — the "winding down" of checking services it now provides for banks.

The central bank's statement said that as an alternative to winding down those services, it is mulling more investment in its check processing services, but noted that would come at a higher cost. But it is also considering not making any such investments, in order to keep costs roughly unchanged. That would lead to reduced reliability of those services going forward. "Over time, check use has steadily declined, digital payment methods have grown in availability and use, and check fraud has risen," said the notice from the Fed. "Also, the Reserve Banks will need to make substantial investments in their check infrastructure to continue providing the same level of check services going forward."

A report from the Federal Reserve Bank of Atlanta in June found that as of last year, more than 90% of surveyed consumers said they prefer to use something other than a check for paying bills, and just 6% paid by check. That's a sharp drop from the 18% of bills paid by checks as recently as 2017. Consumers also reported they view checks as second-worst for convenience and speed of payment, ahead of only money orders. And they're ranked as the least secure form of any payment other than cash.

But even if it's true that options such as direct deposit, automatic bill paying and electronic payment systems such as Venmo, PayPal and Zelle have all reduced the need for traditional checks, paper checks are still an important part of the payment system. They make up about 5% of transactions and represent 21% of the value of all those payments, according to a statement from Michelle Bowman, the Fed's vice chair for supervision, who dissented from the Fed's Thursday statement.

U.S. and Canadian cybersecurity agencies say Chinese-linked actors deployed "Brickstorm" malware to infiltrate critical infrastructure and maintain long-term access for potential sabotage. Reuters reports: The Chinese-linked hacking operations are the latest example of Chinese hackers targeting critical infrastructure, infiltrating sensitive networks and "embedding themselves to enable long-term access, disruption, and potential sabotage," Madhu Gottumukkala, the acting director of the Cybersecurity and Infrastructure Security Agency, said in an advisory signed by CISA, the National Security Agency and the Canadian Centre for Cyber Security. According to the advisory, which was published alongside a more detailed malware analysis report (PDF), the state-backed hackers are using malware known as "Brickstorm" to target multiple government services and information technology entities. Once inside victim networks, the hackers can steal login credentials and other sensitive information and potentially take full control of targeted computers.

In one case, the attackers used Brickstorm to penetrate a company in April 2024 and maintained access through at least September 3, 2025, according to the advisory. CISA Executive Assistant Director for Cybersecurity Nick Andersen declined to share details about the total number of government organizations targeted or specifics around what the hackers did once they penetrated their targets during a call with reporters on Thursday. The advisory and malware analysis reports are based on eight Brickstorm samples obtained from targeted organizations, according to CISA. The hackers are deploying the malware against VMware vSphere, a product sold by Broadcom's VMware to create and manage virtual machines within networks. [...] In addition to traditional espionage, the hackers in those cases likely also used the operations to develop new, previously unknown vulnerabilities and establish pivot points to broader access to more victims, Google said at the time.

Tony Isaac quotes a report from NPR: The rise of AI assistants is rewriting the rhythms of everyday life: People are feeding their blood test results into chatbots, turning to ChatGPT for advice on their love lives and leaning on AI for everything from planning trips to finishing homework assignments. Now, one organization suggests artificial intelligence can go beyond making daily life more convenient. It says it's the key to reshaping American politics. "Without AI, what we're trying to do would be impossible," explained Adam Brandon, a senior adviser at the Independent Center, a nonprofit that studies and engages with independent voters. The goal is to elect a handful of independent candidates to the House of Representatives in 2026, using AI to identify districts where independents could succeed and uncover diamond in the rough candidates. [...]

... "This isn't going to work everywhere. It's going to work in very specific areas," [said Brett Loyd, who runs The Bullfinch Group, the nonpartisan polling and data firm overseeing the polling and research at the Independent Center]. "If you live in a hyper-Republican or hyper-Democratic district, you should have a Democrat or Republican representing you." But with the help of AI, he identified 40 seats that don't fit that mold, where he said independents can make inroads with voters fed up with both parties. The Independent Center plans to have about 10 candidates in place by spring with the goal of winning at least half of the races. Brandon predicts those wins could prompt moderate partisans in the House to switch affiliations.

Their proprietary AI tool created by an outside partner has been years in the making. While focus groups and polling have long driven understanding of American sentiments, AI can monitor what people are talking about in real time. ... They're using AI to understand core issues and concerns of voters and to hunt for districts ripe for an independent candidate to swoop in. From there, the next step is taking the data and finding what the dream candidate looks like. The Independent Center is recruiting candidates both from people who reach out to the organization directly and with the help of AI. They can even run their data through LinkedIn to identify potential candidates with certain interests and career and volunteer history. ... The AI also informs where a candidate is best placed to win.

New York has become the first state in the nation to enact a law requiring retailers to disclose when AI and personal data are being used to set individualized prices [non-paywalled source] -- a measure that lawyers say will make algorithmic pricing "the next big battleground in A.I. regulation."

The law, enacted through the state budget, requires online retailers using personalized pricing to post a specific notice: "THIS PRICE WAS SET BY AN ALGORITHM USING YOUR PERSONAL DATA." The National Retail Federation sued to block enforcement on First Amendment grounds, arguing the required disclosure was "misleading and ominous," but federal judge Jed S. Rakoff allowed the law to proceed last month.

Uber has started displaying the notice to New York users. Spokesman Ryan Thornton called the law "poorly drafted and ambiguous" but maintained the company only considers geographic factors and demand in setting prices. At least 10 states have bills pending that would require similar disclosures or ban personalized pricing outright. California and federal lawmakers are considering complete bans.

Two former U.S. congressmen announced this week that they're launching two tax-exempt fundraising groups "to back candidates who support AI safeguards," reports The Hill, "as a counterweight to industry-backed groups." Former Representatives Chris Stewart (Republican-Utah) and Brad Carson (Democrat-Oklahoma) plan to create separate Republican and Democratic super PACs and raise $50 million to elect candidates "committed to defending the public interest against those who aim to buy their way out of sensible AI regulation," according to a press release...

The pair is also launching a nonprofit called Public First to advocate for AI policy. Carson underscored that polling "shows significant public concern about AI and overwhelming voter support for guardrails that protect people from harm and mitigate major risks." Their efforts are meant to counter "anti-safeguard super PACs" that they argue are attempting to "kill commonsense guardrails around AI," the press release noted...

The super PAC is reportedly targeting a Democratic congressional candidate, New York state Assemblymember Alex Bores, who co-sponsored AI legislation in the Albany statehouse.
"This isn't a partisan issue — it's about whether we'll have meaningful oversight of the most powerful technology ever created," Chris Stewart says in their press release.

"We've seen what happens when government fails to act on other emerging technologies. With AI, the stakes are enormous, and we can't afford to make the same missteps."

"By my count, Linux has over 11% of the desktop market," writes ZDNet's Steven Vaughan-Nichols: In StatCounter's latest US numbers, which cover through October, Linux shows up as only 3.49%. But if you look closer, "unknown" accounts for 4.21%. Allow me to make an educated guess here: I suspect those unknown desktops are actually running Linux. What else could it be? FreeBSD? Unix? OS/2? Unlikely. In addition, ChromeOS comes in at 3.67%, which strikes me as much too low. Leaving that aside, ChromeOS is a Linux variant. It just uses the Chrome web browser for its interface rather than KDE Plasma, Cinnamon, or another Linux desktop environment. Put all these together, and you get a Linux desktop market share of 11.37%...

If you want to look at the broader world of end-user operating systems, including phones and tablets, Linux comes out even better. In the US, where we love our Apple iPhones, Android — yes, another Linux distro — boasts 41.71% of the market share, according to StatCounter's latest numbers. Globally, however, Android rules with 72.55% of the market. Yes, that's right, if you widen the Linux end-user operating system metric to include PC, tablets, and smartphones, you can make a reasonable argument that Linux, and not Windows, is already the top dog operating system...

If you add Chrome OS (1.7%) and Android (15.8%), 23.3% of all people accessing the U.S. government's websites are Linux users. The Linux kernel's user-facing footprint is much larger than the "desktop Linux" label suggests.
The article lists reasons more people might be switching to Linux, including broader hardware support and "the increased viability of gaming via Steam and Proton" — but also the rise of Digital Sovereignty initiatives. (One EU group has even created EU OS.")

And finally, "not everyone is thrilled with Windows 11 being turned into an AI-agentic operating system."

Almost two-thirds of registered U.S. voters "say that a four-year college degree isn't worth the cost," according to a new NBC News poll: Just 33% agree a four-year college degree is "worth the cost because people have a better chance to get a good job and earn more money over their lifetime," while 63% agree more with the concept that it's "not worth the cost because people often graduate without specific job skills and with a large amount of debt to pay off." In 2017, U.S. adults surveyed were virtually split on the question — 49% said a degree was worth the cost and 47% said it wasn't. When CNBC asked the same question in 2013 as part of its All American Economic Survey, 53% said a degree was worth it and 40% said it was not. The eye-popping shift over the last 12 years comes against the backdrop of several major trends shaping the job market and the education world, from exploding college tuition prices to rapid changes in the modern economy — which seems once again poised for radical transformation alongside advances in AI...

Remarkably, less than half of voters with college degrees see those degrees as worth the cost: 46% now, down from 63% in 2013... The upshot is that interest in technical, vocational and two-year degree programs has soared.
"The 20-point decline over the last 12 years among those who say a degree is worth it — from 53% in 2013 to 33% now — is reflected across virtually every demographic group."

The U.S. Patent and Trademark Office has issued new guidelines outlining when inventions created with the help of AI can be patented. From a report: USPTO Director John Squires said on Wednesday in a notice set to be published Friday, that the office considers generative AI systems to be "analogous to laboratory equipment, computer software, research databases, or any other tool that assists in the inventive process."

"They may provide services and generate ideas, but they remain tools used by the human inventor who conceived the claimed invention," the office said. "When one natural person is involved in creating an invention with the assistance of AI, the inquiry is whether that person conceived the invention under the traditional conception standard."

The office reiterated its guidance from last year that AI itself cannot be considered an inventor under U.S. patent law. However, it rejected the approach taken by the PTO during former President Joe Biden's administration for deciding when AI-assisted inventions are patentable, which relied on a standard normally used to determine when multiple people can qualify as joint inventors.

A bipartisan right-to-repair provision that would let the U.S. military fix its own equipment faces a serious threat from defense industry lobbyists who want to replace it with a pay-per-use model for accessing repair information. A source familiar with negotiations told The Verge that there are significant concerns that the language in the National Defense Authorization Act will be swapped out for a "data-as-a-service" alternative that would require the Department of Defense to pay contractors for access to technical repair data.

The provision, introduced by Sens. Elizabeth Warren (D-MA) and Tim Sheehy (R-MT) in their Warrior Right to Repair Act, passed the Senate in October and has support from Defense Secretary Pete Hegseth, the Army and the Navy. The National Defense Industrial Association published a white paper backing the data-as-a-service model, arguing it would protect contractors' intellectual property. Reps. Mike Rogers (R-AL) and Adam Smith (D-WA), who lead the House Armed Services Committee, outlined similar language in their SPEED Act. Rogers received more than $535,000 from the defense industry in 2024; Smith received over $310,550. The final NDAA is expected early next week.

Researchers at MIT and Oak Ridge National Laboratory have built a simulation that models all 151 million American workers and their skills, then maps those skills against the capabilities of over 13,000 AI tools currently in production to see where the two overlap. The answer, according to their analysis: 11.7% of the US labor market's total wage value, or about $1.2 trillion, sits in tasks that AI systems can technically perform [PDF].

The researchers call this the Iceberg Index, and the name is deliberate. The visible AI disruption happening in tech jobs right now accounts for only 2.2% of labor market wage value. The remaining exposure lurks in cognitive and administrative work across finance, healthcare administration, and professional services, and unlike tech-sector disruption, it's spread across all fifty states rather than concentrated on the coasts.

Delaware and South Dakota show higher Iceberg Index values than California because their economies lean heavily on administrative and financial work. Ohio and Tennessee register modest tech-sector exposure but substantial hidden risk in the white-collar functions that support their manufacturing bases.

To validate the framework, the researchers compared their predictions against Anthropic's Economic Index tracking real-world AI usage from millions of Claude users. The two measures agreed on state categorizations 69% of the time, with particularly strong alignment at the extremes.

The Iceberg Index doesn't predict job losses or adoption timelines. It measures technical capability, the overlap between what AI can do and what occupations require. Traditional economic indicators like GDP and unemployment explain less than five percent of the variation in this skill-based exposure, which is partly why the researchers argue workforce planners need new metrics.

An anonymous reader quotes a report from TechCrunch: Several U.S. banking giants and mortgage lenders are reportedly scrambling to assess how much of their customers' data was stolen during a cyberattack on a New York financial technology company earlier this month. SitusAMC, which provides technology for over a thousand commercial and real estate financiers, confirmed in a statement over the weekend that it had identified a data breach on November 12. The company said that unspecified hackers had stolen corporate data associated with its banking customers' relationship with SitusAMC, as well as "accounting records and legal agreements" during the cyberattack.

The statement added that the scope and nature of the cyberattack "remains under investigation." SitusAMC said that the incident is "now contained," and that its systems are operational. The company said that no encrypting malware was used, suggesting that the hackers were focused on exfiltrating data from the company's systems rather than causing destruction. According to Bloomberg and CNN, citing sources, SitusAMC sent data breach notifications to several financial giants, including JPMorgan Chase, Citigroup, and Morgan Stanley. SitusAMC also counts pension funds and state governments as customers, according to its website.

It's unclear how much data was taken, or how many U.S. banking consumers may be affected by the breach. Companies like SitusAMC may not be widely known outside of the financial world, but provide the mechanisms and technologies for its banking and real estate customers to comply with state and federal rules and regulations. In its role as a middleman for financial clients, the company handles vast amounts of non-public banking information on behalf of its customers. According to SitusAMC's website, the company processes billions of documents related to loans annually.