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One-Man Spam Campaign Ravages EU 'Chat Control' Bill

2 weeks 2 days ago
An anonymous reader shares a report: A website set up by an unknown Dane over the course of one weekend in August is giving a massive headache to those trying to pass a European bill aimed at stopping child sexual abuse material from spreading online. The website, called Fight Chat Control, was set up by Joachim, a 30-year-old software engineer living in Aalborg, Denmark. He made it after learning of a new attempt to approve a European Union proposal to fight child sexual abuse material (CSAM) -- a bill seen by privacy activists as breaking encryption and leading to mass surveillance. The site lets visitors compile a mass email warning about the bill and send it to national government officials, members of the European Parliament and others with ease. Since launching, it has broken the inboxes of MEPs and caused a stir in Brussels' corridors of power. "We are getting hundreds per day about it," said Evin Incir, a Swedish Socialists and Democrats MEP, of the email deluge.

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Windows 11 gets a fresh Start in latest Canary build

2 weeks 3 days ago
Meanwhile, Microsoft resurrects Edit and kills .NET 3.5 SP1 on demand

It's taken a while, but Microsoft has finally made its redesigned Start menu available to Canary Channel Windows Insiders, while also removing .NET Framework 3.5 SP1 as a Feature On Demand, and adding Edit, the command-line text editor.…

Richard Speed

UK's Central Bank Warns of Growing Risk That AI Bubble Could Burst

2 weeks 3 days ago
The Bank of England has warned there is a growing risk of a "sudden correction" in global markets as it raised concerns about soaring valuations of leading AI tech companies. From a report: Policymakers said there were also threats of a "sharp repricing of US dollar assets" if the Federal Reserve lost credibility in the eyes of global investors. It comes as Donald Trump's continues to attack the US central bank and threaten its independence. Continued hype and optimism about the potential for AI technology has led to a rise in valuations in recent months, with companies such as OpenAI now worth $500 billion, compared with $157 billion last October. Another firm, Anthropic, has almost trebled its valuation, going from $60 billion in March to $170 billion last month. However, the Bank of England's financial policy committee (FPC) warned on Wednesday: "The risk of a sharp market correction has increased. "On a number of measures, equity market valuations appear stretched, particularly for technology companies focused on artificial intelligence. This ... leaves equity markets particularly exposed should expectations around the impact of AI become less optimistic." It said investors had not fully accounted for these potential risks, warning that "a sudden correction could occur" should any of them crystallise, resulting in finance drying up for households and businesses. The FPC added: "As an open economy with a global financial centre, the risk of spillovers to the UK financial system from such global shocks is material."

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