Woman With $2.5 Billion In Bitcoin Convicted of Money Laundering

mrspoonsi shares a report from the BBC: A former takeaway worker found with Bitcoin worth more than $2.5 billion has been convicted at Southwark Crown Court of a crime linked to money laundering. Jian Wen, 42, from Hendon in north London, was involved in converting the currency into assets including multi-million-pound houses and jewelry. On Monday she was convicted of entering into or becoming concerned in a money laundering arrangement. The Met said the seizure is the largest of its kind in the UK.

Although Wen was living in a flat above a Chinese restaurant in Leeds when she became involved in the criminal activity, her new lifestyle saw her move into a six-bedroom house in north London in 2017 which was rented for more than $21,000 per month. She posed as an employee of an international jewelry business and moved her son to the UK to attend private school, the Crown Prosecution Service (CPS) said. That same year, Wen tried to buy a string of expensive houses in London, but struggled to pass money-laundering checks and her claims she had earned millions legitimately mining Bitcoin were not believed. She later travelled abroad, buying jewelry worth tens of thousands of pounds in Zurich, and purchasing properties in Dubai in 2019.

Another suspect is thought to be behind the fraud but they remain at large. The Met said it carried out a large scale investigation as part of the case – searching several addresses, reviewing 48 electronic devices, and examining thousands of digital files including many which were translated from Mandarin. The CPS has obtained a freezing order from the High Court, while it carries out a civil recovery investigation that could lead to the forfeiture of the Bitcoin. The value of the Bitcoin was worth around $2.5 billion at the time of initial estimates — but due to the fluctuation in the currency’s value, it has since increased to around $4.3 billion.

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Nvidia’s Jensen Huang Says AGI Is 5 Years Away

Haje Jan Kamps writes via TechCrunch: Artificial General Intelligence (AGI) — often referred to as “strong AI,” “full AI,” “human-level AI” or “general intelligent action” — represents a significant future leap in the field of artificial intelligence. Unlike narrow AI, which is tailored for specific tasks (such as detecting product flaws, summarize the news, or build you a website), AGI will be able to perform a broad spectrum of cognitive tasks at or above human levels. Addressing the press this week at Nvidia’s annual GTC developer conference, CEO Jensen Huang appeared to be getting really bored of discussing the subject — not least because he finds himself misquoted a lot, he says. The frequency of the question makes sense: The concept raises existential questions about humanity’s role in and control of a future where machines can outthink, outlearn and outperform humans in virtually every domain. The core of this concern lies in the unpredictability of AGI’s decision-making processes and objectives, which might not align with human values or priorities (a concept explored in depth in science fiction since at least the 1940s). There’s concern that once AGI reaches a certain level of autonomy and capability, it might become impossible to contain or control, leading to scenarios where its actions cannot be predicted or reversed.

When sensationalist press asks for a timeframe, it is often baiting AI professionals into putting a timeline on the end of humanity — or at least the current status quo. Needless to say, AI CEOs aren’t always eager to tackle the subject. Predicting when we will see a passable AGI depends on how you define AGI, Huang argues, and draws a couple of parallels: Even with the complications of time-zones, you know when new year happens and 2025 rolls around. If you’re driving to the San Jose Convention Center (where this year’s GTC conference is being held), you generally know you’ve arrived when you can see the enormous GTC banners. The crucial point is that we can agree on how to measure that you’ve arrived, whether temporally or geospatially, where you were hoping to go. “If we specified AGI to be something very specific, a set of tests where a software program can do very well — or maybe 8% better than most people — I believe we will get there within 5 years,” Huang explains. He suggests that the tests could be a legal bar exam, logic tests, economic tests or perhaps the ability to pass a pre-med exam. Unless the questioner is able to be very specific about what AGI means in the context of the question, he’s not willing to make a prediction. Fair enough.

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Job Boards Are Rife With ‘Ghost Jobs’

“Job openings across the country are seemingly endless,” writes longtime Slashdot reader smooth wombat. “Millions of jobs are listed, but are they real? Companies may post job openings with no intent to ever fill it. These are known as ghost jobs and there are more than most people realize. The BBC reports: Clarify Capital, a New York-based business loan provider, surveyed 1,000 hiring managers, and found nearly seven in 10 jobs stay open for more than 30 days, with 10% unfilled for more than half a year. Half the respondents reported they keep job listings open indefinitely because they “always open to new people.” More than one in three respondents said they kept the listings active to build a pool of applicants in case of turnover — not because a role needs to be filled in a timely manner.

The posted roles are more than just a talent vacuum sucking up resumes from applicants. They are also a tool for shaping perception inside and outside of the company. More than 40% of hiring managers said they list jobs they aren’t actively trying to fill to give the impression that the company is growing. A similar share said the job listings are made to motivate employees, while 34% said the jobs are posted to placate overworked staff who may be hoping for additional help to be brought on.

“Ghost jobs are everywhere,” says Geoffrey Scott, senior content manager and hiring manager at Resume Genius, a US company that helps workers design their resumes. “We discovered a massive 1.7 million potential ghost job openings on LinkedIn just in the US,” says Scott. In the UK, StandOut CV, a London-based career resources company, found more than a third of job listings in 2023 were ghost jobs, defined as listings posted for more than 30 days. “Experts caution not every posting that seems like a ghost job is one,” notes the report. “Still, whether these postings are ghost jobs — or simply look and feel like them — the result is similar. Jobseekers end up discouraged and burnt out.”

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Modern Web Bloat Means Some Pages Load 21MB of Data

Christopher Harper reports via Tom’s Hardware: Earlier this month, Danluu.com released an exhaustive 23-page analysis/op-ed/manifesto on the current status of unoptimized web pages and web app performance, finding that just loading a web page can even bog down an entry-level device that can run the popular game PUBG at 40 fps. In fact, the Wix webpage requires loading 21MB of data for one page, while the more famous websites Patreon and Threads load 13MB of data for one page. This can result in slow load times that reach up to 33 seconds or, in some cases, result in the page failing to load at all.

As the testing above shows, some of the most brutally intensive websites include the likes of… Quora, and basically every major social media platform. Newer content production platforms like Squarespace and newer Forum platforms like Discourse also have significantly worse performance than their older counterparts, often to the point of unusability on some devices. The Tecno S8C, one of the prominent entry-level phones common in emerging markets, is one particularly compelling test device that stuck. The device is actually quite impressive in some ways, including its ability to run PlayerUnknown’s Battlegrounds Mobile at 40 FPS — but the same device can’t even run Quora and experiences nigh-unusable lag when scrolling on social media sites.

That example is most likely the best summation of the overall point, which is that modern web and app design is increasingly trending toward an unrealistic assumption of ever-increasing bandwidth and processing. Quora is a website where people answer questions — there is absolutely no reason any of these websites should be harder to run than a Battle Royale game.

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Indiana Becomes 9th State To Make CS a High School Graduation Requirement

Longtime Slashdot reader theodp writes: Last October, tech-backed nonprofit Code.org publicly called out Indiana in its 2023 State of Computer Science Education report, advising the Hoosier state it needed to heed Code.org’s new policy recommendation and “adopt a graduation requirement for all high school students in computer science.” Having already joined 49 other Governors who signed a Code.org-organized compact calling for increased K-12 CS education in his state after coming under pressure from hundreds of the nation’s tech, business, and nonprofit leaders, Indiana Governor Eric J. Holcomb apparently didn’t need much convincing. “We must prepare our students for a digitally driven world by requiring Computer Science to graduate from high school,” Holcomb proclaimed in his January State of the State Address. Two months later — following Microsoft-applauded testimony for legislation to make it so by Code.org partners College Board and Nextech (the Indiana Code.org Regional Partner which is also paid by the Indiana Dept. of Education to prepare educators to teach K-12 CS, including Code.org’s curriculum) — Holcomb on Wednesday signed House Bill 1243 into law, making CS a HS graduation requirement. The IndyStar reports students beginning with the Class of 2029 will be required to take a computer science class that must include instruction in algorithms and programming, computing systems, data and analysis, impacts of computing and networks and the internet.

The new law is not Holcomb’s first foray into K-12 CS education. Back in 2017, Holcomb and Indiana struck a deal giving Infosys (a big Code.org donor) the largest state incentive package ever — $31M to bring 2,000 tech employees to Central Indiana — that also promised to make Indiana kids more CS savvy through the Infosys Foundation USA, headed at the time by Vandana Sikka, a Code.org Board member and wife of Infosys CEO Vishal Sikka. Following the announcement of the now-stalled deal, Holcomb led a delegation to Silicon Valley where he and Indiana University (IU) President Michael McRobbie joined Code.org CEO Hadi Partovi and Infosys CEO Vishal Sikka on a Thought Leader panel at the Infosys Confluence 2017 conference to discuss Preparing America for Tomorrow. At the accompanying Infosys Crossroads 2017 CS education conference, speakers included Sikka’s wife Vandana, McRobbie’s wife Laurie Burns McRobbie, Nextech President and co-CEO Karen Jung, Code.org execs, and additional IU educators. Later that year, IU ‘First Lady’ Laurie Burns McRobbie announced that Indiana would offer the IU Bloomington campus as a venue for Infosys Foundation USA’s inaugural Pathfinders Summer Institute, a national event for K-12 teacher education in CS that offered professional development from Code.org and Nextech, as well as an unusual circumvent-your-school’s-approval-and-name-your-own-stipend funding arrangement for teachers via an Infosys partnership with the NSF and DonorsChoose that was unveiled at the White House. And that, Schoolhouse Rock Fans, is one more example of how Microsoft’s National Talent Strategy is becoming Code.org-celebrated K-12 CS state laws!

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Hertz CEO Resigns After Blowing Big Gamble On EVs

Press2ToContinue quotes a report from the Gateway Pundit: Stephen Scherr, chief executive officer of Hertz Global Holdings Inc. and a member of its board of directors, will step down on March 31, following the car rental company’s largest quarterly loss since 2020 after a risky bet on electric vehicles. According to Fox Business, Scherr is working with Gil West, former chief operating officer of Delta Airlines and General Motors’ Cruise unit, to ensure a smooth transition. West will officially start his new role at Hertz on April 1.

Scherr, 59, joined Hertz two years ago as the company was emerging from bankruptcy and putting a big focus on EVs during that time. Hertz soon discovered that EVs are more expensive to maintain than they had initially thought. Scherr reportedly told investors that Hertz’s profits experienced a $348 million loss, which he blamed EVs for. In January, Hertz announced its plan to offload 20,000 electric vehicles from its U.S. fleet throughout 2024, and switch back to gas cars.

In November, the Associated Press reported on a Consumer Reports survey that found EVs from the 2021 to 2023 model years are significantly less reliable than gasoline-powered vehicles. A whopping eighty percent less reliable, according to the AP, particularly with battery and charging systems, as well as fit issues with body panels and interiors. Car dealers and manufacturers are reportedly also struggling to sell EVs despite using deep discounts and promotional tactics. In 2021, Hertz announced plans to order 100,000 Tesla vehicles by the end of 2022. It later said it would buy “up to” 65,000 Polestar EVs for its rental fleet over the next five years.

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Nvidia Reveals Blackwell B200 GPU, the ‘World’s Most Powerful Chip’ For AI

Sean Hollister reports via The Verge: Nvidia’s must-have H100 AI chip made it a multitrillion-dollar company, one that may be worth more than Alphabet and Amazon, and competitors have been fighting to catch up. But perhaps Nvidia is about to extend its lead — with the new Blackwell B200 GPU and GB200 “superchip.” Nvidia says the new B200 GPU offers up to 20 petaflops of FP4 horsepower from its 208 billion transistors and that a GB200 that combines two of those GPUs with a single Grace CPU can offer 30 times the performance for LLM inference workloads while also potentially being substantially more efficient. It “reduces cost and energy consumption by up to 25x” over an H100, says Nvidia.

Training a 1.8 trillion parameter model would have previously taken 8,000 Hopper GPUs and 15 megawatts of power, Nvidia claims. Today, Nvidia’s CEO says 2,000 Blackwell GPUs can do it while consuming just four megawatts. On a GPT-3 LLM benchmark with 175 billion parameters, Nvidia says the GB200 has a somewhat more modest seven times the performance of an H100, and Nvidia says it offers 4x the training speed. Nvidia told journalists one of the key improvements is a second-gen transformer engine that doubles the compute, bandwidth, and model size by using four bits for each neuron instead of eight (thus, the 20 petaflops of FP4 I mentioned earlier). A second key difference only comes when you link up huge numbers of these GPUs: a next-gen NVLink switch that lets 576 GPUs talk to each other, with 1.8 terabytes per second of bidirectional bandwidth. That required Nvidia to build an entire new network switch chip, one with 50 billion transistors and some of its own onboard compute: 3.6 teraflops of FP8, says Nvidia. Further reading: Nvidia in Talks To Acquire AI Infrastructure Platform Run:ai

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Did the Plastic Industry Knowingly Push Recycling Myths For Decades?

A PBS reporter “digs into a new report covering the plastic industry’s tactics to push recycling — and avoid regulation,” according to a new video from PBS News Weekend:

A new report by the Center for Climate Integrity, an environmentalist group, says newly uncovered statements from oil and plastics executives underscore the industry’s decades-long secret skepticism about the viability and efficacy of recycling. The authors of the report reviewed old investigations and new documents, including previously unknown assertions from industry executives. In 1994, one Exxon Chemical executive put the industry’s support for plastics recycling in blunt terms, saying “we are committed to the activities, but not committed to the results.”

Another representative from Dupont noted in 1992 that recycling goals were set knowing full well “they were unlikely to meet them.”
In the video NPR correspondent Michael Copley says “I think it’s always striking, when you see a report like this that unearths new statements, new quotes, and to see the way in which they really seem to view recycling as sort of public relations tool, as opposed to an environmental tool that they sort of presented publicly…”

I think the other reason why this matters is, it could potentially be legally problematic for the industry. And by that I mean the oil and gas industry right now is facing dozens of lawsuits from states and localities, based in part on statements it made about climate change and fossil fuel, going back decades. We know that the state of California has opened an investigation into the role of oil and gas companies and the petrochemical industry in the creation of the plastic waste crisis that we’re facing. And the group that put out the report, the Center for Climate Integrity, was upfront, saying that it was compiling this to serve as kind of the fact basis, or the basis of evidence, for potential legal action.
A plastics trade group accused the report of citing “outdated, decades-old technologies” and “mischaracterizing the current state of the industry,” saying they’re looking to have all plastic packaging be “reused, recycled, and recovered by 2040.”

But PBS’s reporter counters that there’s “deep skepticism” of the economics from market analysts — as well as from material scientists. “Obviously the industry has put out this promise. I think that its critics will say, ‘We have been hearing these promises, or promises like it, for decades now, and that there’s nothing in the record to think that now is any different.”

He adds that activists and businesses agree that government regulation will ultimately play a big role. “That gets back in large part to the economics of this. If companies don’t have to deal with these costs, it’s hard to imagine that they will in a sustained way create systems to deal with this if they don’t have to.”

So what’s the solution? Some ideas being seriously discussed:

Reducing plastic production “to a level that is more manageable with recycling systems.”Getting rid of types of plastic that are “especially hard to recycle or you can’t recycle.””Being more transparent about what chemicals go into this stuff that again make recycling hard.”

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Why Oregon’s Drug Decriminalization Failed

In 2020 Oregon passed Measure 110, decriminalizing possession of small amounts of drugs.

But now “America’s most radical experiment with drug decriminalization has ended,” writes the Atlantic, “after more than three years of painful results.”

Oregon Governor Tina Kotek has pledged to sign legislation repealing the principal elements of the ballot initiative… Possessing hard drugs is again a crime in Oregon, and courts will return to mandating treatment for offenders. Oregonians had supported Measure 110 with 59 percent of the vote in 2020, but three years later, polling showed that 64 percent wanted some or all of it repealed…

More than $260 million were allocated to services such as naloxone distribution, employment and housing services, and voluntary treatment… Once drugs were decriminalized and destigmatized, the thinking went, those who wanted to continue using would be more willing to access harm-reduction services that helped them use in safer ways. Meanwhile, the many people who wanted to quit using drugs but had been too ashamed or fearful to seek treatment would do so. Advocates foresaw a surge of help-seeking, a reduction in drug-overdose deaths, fewer racial disparities in the health and criminal-justice systems, lower rates of incarceration, and safer neighborhoods for all…

Measure 110 did not reduce Oregon’s drug problems. The drug-overdose-death rate increased by 43 percent in 2021, its first year of implementation — and then kept rising. The latest CDC data show that in the 12 months ending in September 2023, deaths by overdose grew by 41.6 percent, versus 2.1 percent nationwide. No other state saw a higher rise in deaths… Neither did decriminalization produce a flood of help-seeking. The replacement for criminal penalties, a $100 ticket for drug possession with the fine waived if the individual called a toll-free number for a health assessment, with the aim of encouraging treatment, failed completely. More than 95 percent of people ignored the ticket, for which — in keeping with the spirit of Measure 110 — there was no consequence. The cost of the hotline worked out to about $7,000 per completed phone call, according to The Economist. These realities, as well as associated disorder such as open-air drug markets and a sharp rise in violent crime — while such crime was falling nationally — led Oregonians to rethink their drug policy.

The article notes that Oregon was the first U.S. state to decriminalize marijuana back in 1973, and had long shown low rates of imprisonment for non-violent crimes (diverting offenders into so-called “drug courts which could mandate treatment or order court-directed supervision). “However, after Measure 110 was passed and the threat of jail time eliminated, the flow of people into these programs slowed.”

But “One thing Measure 110 got right, at least in principle, is that Oregon’s addiction-treatment system was grossly underfunded,” the article concludes. And it adds that the newly-passed law now “provides extensive new funding for immediate needs, including detox facilities, sobering centers, treatment facilities, and the staff to support those services.”

They recommend other states adopt “adequately funded, evidence-based prevention and treatment” — and instead of punitive incarcerations, “use criminal justice productively to discourage drug use.”

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