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China Plans To Limit How Fast Your Car Accelerates To 62 MPH At Startup

2 months ago
bobthesungeek76036 writes: Beijing's proposed regulation aims to tame rapid launches by forcing cars to boot up in a restricted performance mode after every ignition. Under a proposed update to the National Standard, every passenger car would need a default mode in which it takes no less than five seconds to reach 100 km/h (62 mph) at startup, unless the driver manually selects a quicker setting. The draft title "Technical Specifications for Power-Driven Vehicles Operating on Roads" appears to be part of a broader safety and road behavior initiative in China. It is intended to replace the current GB 7258-2017 standard that didn't impose such restrictions.

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'Big Short' Investor Michael Burry To Close Hedge Fund as He Warns on Valuations

2 months ago
Michael Burry, the investor made famous for his bet against the US housing market ahead of the 2008 financial crisis, is closing his hedge fund [non-paywalled source] as he warned that market valuations had become unhinged from fundamentals. From a report: Scion Asset Management this week terminated its registration with US securities regulators, according to a Securities and Exchange Commission database. Burry told investors that he would "liquidate the funds and return capital -- but for a small audit/tax holdback -- by year's end," according to two people with direct knowledge of a letter he sent to investors. "My estimation of value in securities is not now, and has not been for some time, in sync with the markets," said the letter, which was dated October 27. The move to close Scion comes as some investors have become concerned that markets are trading at frothy levels after years of strong returns. Those jitters flared up on Thursday, with the tech-heavy Nasdaq Composite sliding nearly 2%. Still, the big gains for tech stocks this year, driven by hopes that artificial intelligence will transform business and society, have left valuations at lofty heights compared with their average in recent years.

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Chinese Hackers Used Anthropic's AI To Automate Cyberattacks

2 months ago
China's state-sponsored hackers used AI technology from Anthropic to automate break-ins of major corporations and foreign governments during a September hacking campaign, the company said Thursday. From a report: The effort focused on dozens of targets and involved a level of automation that Anthropic's cybersecurity investigators had not previously seen, according to Jacob Klein, the company's head of threat intelligence. Hackers have been using AI for years now to conduct individual tasks such as crafting phishing emails or scanning the internet for vulnerable systems, but in this instance 80% to 90% of the attack was automated, with humans only intervening in a handful of decision points, Klein said. The hackers conducted their attacks "literally with the click of a button, and then with minimal human interaction," Klein said. Anthropic disrupted the campaigns and blocked the hackers' accounts, but not before as many as four intrusions were successful. In one case, the hackers directed Anthropic's Claude AI tools to query internal databases and extract data independently.

Read more of this story at Slashdot.

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