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House Passes Bill That Slashes Solar, Wind and EV Tax Credits

Slashdot.org - Thu, 07/03/2025 - 13:49
The House passed a sweeping Republican tax-and-spending bill Thursday that rolls back major portions of Democrats' 2022 Inflation Reduction Act, dealing a significant blow to clean-energy projects and the electric-vehicle industry. The 218-214 vote sends the legislation to President Trump's desk ahead of his July 4 deadline. The Senate version of the bill gives wind and solar projects 12 months to start construction before losing tax incentives, extending the House's original 60-day window. House Freedom Caucus members had criticized the Senate for offering too generous a timeline for renewable energy tax credits they oppose. The legislation indefinitely extends Trump-era tax cuts while adding new deductions for tipped workers, overtime pay, and car-loan interest. Republicans paired these tax reductions with significant cuts to Medicaid and nutrition assistance programs. The Congressional Budget Office estimates the bill will increase budget deficits by $3.4 trillion through 2034 while leaving more than 11 million additional people without health insurance.

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Developer Accused of Defrauding YC Companies Through Simultaneous Employment Scheme

Slashdot.org - Thu, 07/03/2025 - 13:14
Mixpanel co-founder Suhail Doshi has publicly accused an Indian developer of simultaneously working at multiple startups under false pretenses. Doshi posted on X that Soham Parekh works at "3-4 startups at the same time" and has been "preying on YC companies." (YC, or Y Combinator, is a popular startup accelerator and venture capital firm.) Doshi fired Parekh within a week at his company Playground AI and warned him to stop the practice, but said Parekh continued a year later. Parekh's resume lists positions at Dynamo AI, Union AI, Synthesia, and Alan AI, along with degrees from the University of Mumbai and Georgia Institute of Technology. Doshi called the CV "probably 90% fake and most links are gone." Several other startup founders confirmed they had either hired Parekh in the past, or had been approached by him. Nicolai Ouporov of Fleet AI said Parekh "works at more than 4 startups at any given time." Justin Harvey of AIVideo said he nearly hired Parekh, who "crushed the interview." Doshi said he corroborated the account with more than six companies before posting publicly.

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Scientists Warn US Will Lose a Generation of Talent

Slashdot.org - Thu, 07/03/2025 - 12:30
An anonymous reader shares a report: A generation of scientific talent is at the brink of being lost to overseas competitors by the Trump administration's dismantling of the National Science Foundation (NSF), with unprecedented political interference at the agency jeopardizing the future of US industries and economic growth, according to a Guardian investigation. The gold standard peer-reviewed process used by the NSF to support cutting-edge, high-impact science is being undermined by the chaotic cuts to staff, programs and grants, as well as meddling by the so-called department of government efficiency (Doge), according to multiple current and former NSF employees who spoke with the Guardian. The scientists warn that Trump's assault on diversity in science is already eroding the quality of fundamental research funded at the NSF, the premier federal investor in basic science and engineering, which threatens to derail advances in tackling existential threats to food, water and biodiversity in the US.

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Citi Spends $9 Billion on Tech Overhaul After Series of Costly Errors

Slashdot.org - Thu, 07/03/2025 - 11:50
Citigroup spent over $9 billion on technology and communications last year, almost a fifth of total operating expenses and a larger proportion than competitors, as the bank works to fix legacy software systems that have produced costly errors including accidentally wiring more than $900 million to Revlon creditors. The bank has consolidated 12 international sanctions screening systems into one platform, retired 20 cash equities platforms and launched a replacement, and automated high-risk processes where "fat-finger" errors previously occurred. Recent mistakes included crediting one account with $81 trillion after an employee failed to remove zeros from an electronic form and a copy-paste error that almost missent $6 billion.

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Samsung Working on Three-Panel Smartphone

Slashdot.org - Thu, 07/03/2025 - 11:11
Samsung is working on a trifold smartphone that could be unveiled at the company's July 9th Unpacked event, according to leaked animations discovered in the latest One UI 8 build update. The animations, spotted by Android Authority, reveal a three-panel device with a dual-hinge folding mechanism where the left-hand display folds inward while the right-hand display sandwiches over the top. The device features a triple-camera setup on the rear of the right-hand panel when fully unfolded, with the central panel serving as a cover display. The animations label the device as "Multifold 7," though it is speculated to be called the "Galaxy G Fold."

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Let's Encrypt Rolls Out Free Security Certs For IP Addresses

Slashdot.org - Thu, 07/03/2025 - 10:20
Let's Encrypt, a certificate authority (CA) known for its free TLS/SSL certificates, has begun issuing digital certificates for IP addresses. From a report: It's not the first CA to do so. PositiveSSL, Sectigo, and GeoTrust all offer TLS/SSL certificates for use with IP addresses, at prices ranging from $40 to $90 or so annually. But Let's Encrypt does so at no cost. For those with a static IP address who want to host a website, an IP address certificate provides a way to offer visitors a secure connection with that numeric identifier while avoiding the nominal expense of a domain name.

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Ford CEO Predicts AI Could Eliminate Half of US White-Collar Jobs

Slashdot.org - Thu, 07/03/2025 - 09:40
Ford CEO Jim Farley believes half of all white-collar workers in the U.S. could lose their jobs to AI in the coming years, he said. He joins other executives making similar predictions about AI's impact on employment. "AI will leave a lot of white-collar people behind," he said. From a report: The Ford CEO's comments are among the most pointed to date from a large-company U.S. executive outside of Silicon Valley. His remarks reflect an emerging shift in how many executives explain the potential human cost from the technology. Until now, few corporate leaders have wanted to publicly acknowledge the extent to which white-collar jobs could vanish. In interviews, CEOs often hedge when asked about job losses, noting that innovation historically creates a range of new roles. In private, though, CEOs have spent months whispering about how their businesses could likely be run with a fraction of the current staff. Technologies including automation software, AI and robots are being rolled out to make operations as lean and efficient as possible.

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US Agencies' Science Journal Subscriptions Canceled

Slashdot.org - Thu, 07/03/2025 - 09:00
An anonymous reader shares a report: The US government canceled several federal agencies' subscription to Nature and other scientific journals. A spokesman for the Department of Health and Human Services said all contracts with Springer Nature, Nature's publisher, had been "terminated" and that taxpayer money should not be used on "junk science." Nature newsroom, with an update : On 2 July, one US government agency, the Department of Health and Human Services (HHS), which oversees the National Institutes of Health (NIH), appeared to walk back its earlier statement to Nature's news team saying that it was cancelling contracts to Springer Nature. Now the HHS says: "Science journals are ripping the American people off with exorbitant access fees and extra charges to publish research openly. HHS is working to develop policies that conserve taxpayer dollars and get Americans a better deal. In the meantime, NIH scientists have continued access to all scientific journals."

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