Podcasters Ditch Short Episodes in Favor of Four-Hour Conversations

In a newsletter for Bloomberg, Ashley Carman discusses the rising trend of long podcasts and their surprising popularity among listeners. “By today’s standards of interminable podcast discussions, a nearly three-hour recording isn’t even particularly notable,” she writes, highlighting recent episodes from Joe Rogan (2 hours; 16 minutes with Adam Sandler), Lex Fridman (8 hours; 37 minutes with Elon Musk), and the Acquired podcast (3 hours; 38 minutes with Lockheed Martin). “Increasingly, podcasters are pushing the outer limits of episode length while stress testing the endurance of their audiences. Popular podcast gabfests can now run on for half a workday or longer.” From the report: One might assume such marathon episodes must be the result of a hands-off approach to editing. But this is not the case, said Ben Gilbert, co-host of the Acquired podcast. Every month, he and his co-host David Rosenthal release a three- to four-hour podcast, detailing the story of a specific company. The in-depth histories, he said, are the result of nine-hour recording sessions and a month of research.

“It’s not important to ship every good minute,” Gilbert said. “It’s important to ship only great minutes. If you’re actually intellectually honest with yourself, that’s how to release a really good product.” Even with the longer runtimes, he said, their audience listens to the vast majority of each episode. Consider their deep dive on Lockheed Martin, which runs for three hours and 38 minutes. On Apple Podcasts, the average listener consumed 70% of the show, he said. An episode on Nike, which clocks in at upwards of four hours, had an average consumption rate of 68%. “Every time we made something longer… people only seemed to love it more,” he said. On the show’s website, the hosts describe the episodes as “conversational audiobooks.” […]

[Jack Sylvester, executive director at Flight Studio, the Bartlett-founded podcast company behind Diary of a CEO] said the team can view data around how much of the audience consumes episodes on YouTube’s TV app versus on a phone, tablet or computer. TV usage, he said, is ticking up. To give viewers a reason to keep the show on as their primary viewing experience, they’re now making sure the videos have a top-quality polish. Still, in a world in which people scoff at the prospect of a three-hour movie — and short-form video is the dominant consumption trend in entertainment — these podcasters are eagerly meandering in the opposite direction. “The short-form obsession ended up creating white space for us,” said Gilbert of Acquired. “Whenever you have a trend, that means there’s people who feel left behind and want to flock to something new. This sets us apart.”

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SpyAgent Android Malware Steals Your Crypto Recovery Phrases From Images

SpyAgent is a new Android malware that uses optical character recognition (OCR) to steal cryptocurrency wallet recovery phrases from screenshots stored on mobile devices, allowing attackers to hijack wallets and steal funds. The malware primarily targets South Korea but poses a growing threat as it expands to other regions and possibly iOS. BleepingComputer reports: A malware operation discovered by McAfee was traced back to at least 280 APKs distributed outside of Google Play using SMS or malicious social media posts. This malware can use OCR to recover cryptocurrency recovery phrases from images stored on an Android device, making it a significant threat. […] Once it infects a new device, SpyAgent begins sending the following sensitive information to its command and control (C2) server:

– Victim’s contact list, likely for distributing the malware via SMS originating from trusted contacts.
– Incoming SMS messages, including those containing one-time passwords (OTPs).
– Images stored on the device to use for OCR scanning.
– Generic device information, likely for optimizing the attacks.

SpyAgent can also receive commands from the C2 to change the sound settings or send SMS messages, likely used to send phishing texts to distribute the malware. McAfee found that the operators of the SpyAgent campaign did not follow proper security practices in configuring their servers, allowing the researchers to gain access to them. Admin panel pages, as well as files and data stolen from victims, were easily accessible, allowing McAfee to confirm that the malware had claimed multiple victims. The stolen images are processed and OCR-scanned on the server side and then organized on the admin panel accordingly to allow easy management and immediate utilization in wallet hijack attacks.

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US, UK, EU Sign ‘Legally Binding’ AI Treaty

The United States, United Kingdom and European Union have signed the first “legally binding” international AI treaty on Thursday, the Council of Europe human rights organization said. Called the AI Convention, the treaty promotes responsible innovation and addresses the risks AI may pose. Reuters reports: The AI Convention mainly focuses on the protection of human rights of people affected by AI systems and is separate from the EU AI Act, which entered into force last month. The EU’s AI Act entails comprehensive regulations on the development, deployment, and use of AI systems within the EU internal market. The Council of Europe, founded in 1949, is an international organization distinct from the EU with a mandate to safeguard human rights; 46 countries are members, including all the 27 EU member states. An ad hoc committee in 2019 started examining the feasibility of an AI framework convention and a Committee on Artificial Intelligence was formed in 2022 which drafted and negotiated the text. The signatories can choose to adopt or maintain legislative, administrative or other measures to give effect to the provisions.

Francesca Fanucci, a legal expert at ECNL (European Center for Not-for-Profit Law Stichting) who contributed to the treaty’s drafting process alongside other civil society groups, told Reuters the agreement had been “watered down” into a broad set of principles.
“The formulation of principles and obligations in this convention is so overbroad and fraught with caveats that it raises serious questions about their legal certainty and effective enforceability,” she said. Fanucci highlighted exemptions on AI systems used for national security purposes, and limited scrutiny of private companies versus the public sector, as flaws. “This double standard is disappointing,” she added.

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Volvo Backtracks On 2030 EV-Only Pledge

Volvo now says it will push back its deadline to sell only electric vehicles by 2030, citing the need for stronger government support. “The new plans call for 90 to 100% of global sales to be electrified, including EVs and plug-in hybrids (PHEVs),” reports Electrek. “The other up to 10% will be “a limited number of hybrids” if needed. By 2025, Volvo expects 50 to 60% of sales to be electrified.” From the report: Volvo was one of the first automakers to set a 100% EV sales goal by 2030. The announcement was made over three years ago in March 2021. The plan was to sell only fully electric cars while phasing out “any car in its global portfolio with an internal combustion engine, including hybrids.” […]

Volvo has already launched five all-electric models: the EX40, EC40, EX30, EM90, and the EX90. After delivering its first model in January, the Volvo EX30 is already the third best-selling EV in Europe. Another five EVs are in development. However, Volvo said the shift comes as the charging infrastructure rollout has been out slower than expected, and government incentives have been withdrawn. Volvo is calling for stronger and more stable government policies to support the transition to EVs.

Volvo also adjusted its CO2 reduction goal. The company aims to reduce CO2 emissions per car by 65% to 75% by 2030 (using 2018 as a baseline). That’s down from the previous 75% reduction target. Next year, Volvo aims for a 30 to 35% reduction (with 2018 as a baseline), down from 40%. The company is still working with suppliers to cut CO2 emissions across its value chain. “We are resolute in our belief that our future is electric,” said Volvo Cars CEO Jim Rowan. “An electric car provides a superior driving experience.”

Despite this, “it is clear that the transition to electrification will not be linear, and customers and markets are moving at different speeds of adoption,” Rowan explained.

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