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Meta To Charge Advertisers a Fee To Offset Europe's Digital Taxes

Slashdot
1 week 4 days ago
Meta will begin charging advertisers a 2-5% "location fee" to offset digital services taxes imposed by several European countries, including the UK, France, Italy, Spain, Austria, and Turkey. Reuters reports: The fee, for image or video ads delivered on Meta platforms including WhatsApp click-to-message campaigns and marketing messages together with ads, will apply from July 1 and will also cover other government-imposed levies. "Until now, Meta has covered these additional costs. These changes are part of Meta's ongoing effort to respond to the evolving regulatory landscape and align with industry standards," the company said in the blog. The location fees are determined by where the audience is located and not the advertisers' business location. Meta listed six countries where the fees will apply, ranging from 2% in the United Kingdom to 3% in France, Italy and Spain and 5% in Austria and Turkey.

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Yann LeCun Raises $1 Billion To Build AI That Understands the Physical World

Slashdot
1 week 4 days ago
An anonymous reader quotes a report from Wired: Advanced Machine Intelligence (AMI), a new Paris-based startup cofounded by Meta's former chief AI scientist Yann LeCun, announced Monday it has raised more than $1 billion to develop AI world models. LeCun argues that most human reasoning is grounded in the physical world, not language, and that AI world models are necessary to develop true human-level intelligence. "The idea that you're going to extend the capabilities of LLMs [large language models] to the point that they're going to have human-level intelligence is complete nonsense," he said in an interview with WIRED. The financing, which values the startup at $3.5 billion, was co-led by investors such as Cathay Innovation, Greycroft, Hiro Capital, HV Capital, and Bezos Expeditions. Other notable backers include Mark Cuban, former Google CEO Eric Schmidt, and French billionaire and telecommunications executive Xavier Niel. AMI (pronounced like the French word for friend) aims to build "a new breed of AI systems that understand the world, have persistent memory, can reason and plan, and are controllable and safe," the company says in a press release. The startup says it will be global from day one, with offices in Paris, Montreal, Singapore, and New York, where LeCun will continue working as a New York University professor in addition to leading the startup. AMI will be the first commercial endeavor for LeCun since his departure from Meta in November 2025. [...] LeCun says AMI aims to work with companies in manufacturing, biomedical, robotics, and other industries that have lots of data. For example, he says AMI could build a realistic world model of an aircraft engine and work with the manufacturer to help them optimize for efficiency, minimize emissions, or ensure reliability. LeCun says AMI will release its first AI models quickly, but he's not expecting most people to take notice. The company will first work with partners such as Toyota and Samsung, and then will learn how to apply its technology more broadly. Eventually, he says, AMI intends to develop a "universal world model," which would be the basis for a generally intelligent system that could help companies regardless of what industry they work in. "It's very ambitious," he says with a smile.

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Your datacenter's power architecture called. It's not happy

TheRegister
1 week 4 days ago
AI factories demand 800 volts because physics doesn't care about your upgrade budget

Feature Hyperscale computing was built on a foundation of certainty. For years, 12V and 48V rack architectures – implemented at a steady 50–54 VDC (Volts of Direct Current) - ruled the datacenter floor, engineered to perfection for power densities of 10–15 kW per rack. These systems were finely tuned machines, optimized around the predictable, steady-state demands of general-purpose CPUs and storage servers. The infrastructure was stable. The math was settled.…

Valve Faces Second, Class-Action Lawsuit Over Loot Boxes

Slashdot
1 week 4 days ago
Valve is facing a new consumer class-action lawsuit two weeks after New York sued the video game company for "letting children and adults illegally gamble" with loot boxes. The new lawsuit is similar, alleging that loot boxes in games like Counter-Strike 2, Dota 2, and Team Fortress 2 are "carefully engineered to extract money from consumers, including children, through deceptive, casino-style psychological tactics." "We believe Valve deliberately engineered its gambling platform and profited enormously from it," Steve Berman, founder and managing partner at law firm Hagens Berman, said in a press release. "Consumers played these games for entertainment, unaware that Valve had allegedly already stacked the odds against them. We intend to hold Valve accountable and put money back in the pockets of consumers." PC Gamer reports: The system is well known to anyone who's played a Valve multiplayer game: Earn a locked loot box by playing, pay $2.50 for a key, unlock it, get a digital doohickey that's sometimes worth hundreds or even thousands of dollars but far more often is worth just a few pennies. Is that gambling? If these cases go to court, we'll find out. The full complaint points out that the unlocking process is even designed to look like a slot machine: "Images of possible items scroll across the screen, spinning fast at first, then slowing to a stop on the player's 'prize.' Players buy and open loot boxes for the same reason people play slot machines -- the hope of a valuable payout." Loot boxes, the complaint continues, are not "incidental features" of Valve's games, but rather "a deliberate, carefully engineered revenue model." So too is the Steam Community Market, and Steam itself, which the suit claims is "deliberately designed" to enable the sale of digital items on third-party marketplaces through "trade URLs," despite Valve's terms of service prohibiting off-platform sales. And while the debate over whether loot boxes constitute a form of gambling continues to rage, the suit claims Valve's system does indeed qualify under Washington law, which defines gambling as "staking or risking something of value upon the outcome of a contest of chance or a future contingent event not under the person's control or influence." "Valve's loot boxes satisfy every element of this definition," the lawsuit alleges. "Users stake money (the price of a key) on the outcome of a contest of chance (the random selection of a virtual item), and the items received are 'things of value' under RCW 9.46.0285 because they can be sold for real money through Valve's own marketplace and through third-party marketplaces that Valve has fostered and facilitated."

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