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US Threatens Penalties Against European Tech Firms Amid Regulatory Fight

Slashdot.org - Tue, 12/16/2025 - 13:50
U.S. officials excoriated the European Union for discriminating against American technology companies and threatened to penalize European tech companies in return, in a social media post on Tuesday. From a report: The pronouncement appeared to signal a rockier period for U.S.-E.U. trade relations, as the two governments work to finalize a trade framework they announced this year. The United States has been pushing Europe to open up its tech sector to American firms. But U.S. officials have complained that the European Union has not walked back broader regulation of company business practices while also proceeding with investigations of major American tech firms like Google, X, Amazon and Meta. In a social media post, the Office of the United States Trade Representative, which has carried out the negotiations, said that the European Union and some member states had "persisted in a continuing course of discriminatory and harassing lawsuits, taxes, fines and directives" against American companies. The United States had raised concerns with the European Union about these issues for years "without meaningful engagement," all while allowing European companies to operate freely in the United States, it said. If the European Union continues these policies, the United States would "have no choice but to begin using every tool at its disposal to counter these unreasonable measures," the U.S.T.R. said. It named fees and restrictions on service companies among the possibilities, and said it would use the same approach against other countries that echoed Europe's strategy. The post singled out potential European service providers that could be targeted by name, listing Accenture, DHL, Mistral, SAP, Siemens and Spotify, among others.

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Texas Sues TV Makers For Taking Screenshots of What People Watch

Slashdot.org - Tue, 12/16/2025 - 13:02
mprindle writes: The Texas Attorney General sued five major television manufacturers, accusing them of illegally collecting their users' data by secretly recording what they watch using Automated Content Recognition (ACR) technology. The lawsuits target Sony, Samsung, LG, and China-based companies Hisense and TCL Technology Group Corporation. Attorney General Ken Paxton's office also highlighted "serious concerns" about the two Chinese companies being required to follow China's National Security Law, which could give the Chinese government access to U.S. consumers' data. According to complaints filed this Monday in Texas state courts, the TV makers can allegedly use ACR technology to capture screenshots of television displays every 500 milliseconds, monitor the users' viewing activity in real time, and send this information back to the companies' servers without the users' knowledge or consent.

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Help boost your daily productivity with CC, a new experimental AI agent from Google Labs.Help boost your daily productivity with CC, a new experimental AI agent from Google Labs.

GoogleBlog - Tue, 12/16/2025 - 13:00
CC is our new experimental AI productivity agent from Google Labs, built with Gemini to help you stay organized and get things done. When you sign up, it connects your G…
Categories: Technology

McKinsey Plots Thousands of Job Cuts in Slowdown for Consulting Industry

Slashdot.org - Tue, 12/16/2025 - 12:27
McKinsey, the consulting giant that has spent a century advising companies on how to cut costs and restructure operations, is now turning that advice inward as it plans to eliminate thousands of jobs across its non-client-facing departments over the next 18 to 24 months. The firm's leadership has discussed a roughly 10% headcount reduction in support functions, according to Bloomberg. McKinsey's revenue has hovered around $15 billion to $16 billion for the past five years after a decade of rapid expansion that saw employee count climb from 17,000 in 2012 to 45,000 by 2022. The headcount has since slid to about 40,000. The cuts come as consulting firms face cost-conscious clients, Trump administration pressure on government consulting spending, and reduced payments from Saudi Arabia, which had been paying McKinsey at least $500 million annually in the decade up to 2024. McKinsey cut about 1,400 jobs in 2023 under a plan internally labeled Project Magnolia, and axed 200 global tech positions last month. The firm still plans to hire consultants even as it shrinks support staff.

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High-Speed Traders Are Feuding Over a Way To Save 3.2 Billionths of a Second

Slashdot.org - Tue, 12/16/2025 - 11:40
A millisecond used to be a big deal for the world's quickest traders. A dispute over huge trading profits at one of the world's largest futures exchanges shows they now think a million times faster [non-paywalled source]. From a report: The controversy is about an arcane technical maneuver in which high-speed traders bombard Frankfurt-based Eurex with useless data. The idea is to keep their connections to the exchange warm so they can react fractionally faster to market-moving information. The battle is the latest chapter in a decadeslong contest among secretive ultrafast trading firms, which have pursued a relentless quest for minuscule speed advantages. A group of high-frequency trading firms has exploited the practice to rake in hundreds of millions of dollars, says Mosaic Finance, a French firm that has complained to Eurex and European regulators. "An arms race is OK, but you must use legal weapons," said Hugues Morin, founder of Mosaic. Eurex says Mosaic's claims are baseless. [...] High-speed traders often seek to capture fleeting differences between prices of related assets, making quick response times critical. If benchmark Euro Stoxx 50 index futures rise, for example, contracts tied to Germany's DAX will usually follow. A first mover will be able to buy DAX futures before they tick higher, then sell out at a higher price -- a strategy that can add up to big profits over time. The maneuver that prompted Mosaic's spat with Eurex can improve reaction times by about 3.2 nanoseconds, according to the French firm, which calls it "corrupted speculative triggering," or CST for short.

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Tech Giants Can't Agree On What To Call Their AI-Powered Glasses

Slashdot.org - Tue, 12/16/2025 - 11:01
The glasses-shaped face computers that tech companies have been building for years now face an identity crisis, and their makers can't agree on what to call them. Meta has asked a journalist to refer to its Ray-Ban glasses as "AI glasses" to distinguish them from Google Glass. Google, whose Project Aura is a collaboration with Xreal, calls the product "wired XR glasses" because the company views it as more aligned with headsets in a glasses form factor. Xreal's CEO Chi Xu laughed when asked about Aura's category and said the company will call all its products "AR glasses." Research firms aren't aligned either. Gartner defines smart glasses as camera- and display-free devices with Bluetooth and AI. Counterpoint Research said smart glasses without see-through displays drive volumes in the smart eyewear category. IDC uses a broader definition that includes anything glasses-shaped.

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The Entry-Level Hiring Process Is Breaking Down

Slashdot.org - Tue, 12/16/2025 - 10:22
The traditional signals that employers used to evaluate entry-level job candidates -- college GPAs, cover letters, and interview performance -- have lost much of their value as grade inflation and widespread AI use render these metrics nearly meaningless, writes The Atlantic. The recent-graduate unemployment rate now sits slightly higher than the overall workforce's, a reversal from historical norms where new college graduates were more likely to be employed than the average worker. Job postings on Handshake, a career-services platform for students and recent graduates, have fallen by more than 16 percent in the past year. At Harvard, 60% of undergraduate grades are now A's, up from fewer than a quarter two decades ago. Seven years ago, 70% of new graduates' resumes were screened by GPA; that figure has dropped to 40%. Two working papers examining Freelancer.com found that cover-letter quality once strongly predicted who would get hired and how well they would perform -- until ChatGPT became available. "We basically find the collapse of this entire signaling mechanism," researcher Jesse Silbert said. The average number of applications per open job has increased by 26% in the past year. Students at UC Berkeley are now applying to 150 internships just to land one or two interviews.

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Mozilla's New CEO Bets Firefox's Future on AI

Slashdot.org - Tue, 12/16/2025 - 09:40
Mozilla has named Anthony Enzor-DeMeo as its new chief executive, promoting the executive who has spent the past year leading the Firefox browser team and who now plans to make AI central to the company's future. Enzor-DeMeo announced on Tuesday that an "AI Mode" is coming to Firefox next year. The feature will let users choose from multiple AI models rather than being locked into a single provider. Some options will be open-source models, others will be private "Mozilla-hosted cloud options," and the company also plans to integrate models from major AI companies. Mozilla itself will not train its own large language model. "We're not incentivized to push one model or the other," Enzor-DeMeo told The Verge. Firefox currently has about 200 million monthly users, a fraction of Chrome's roughly 4 billion, though Enzor-DeMeo insists mobile usage is growing at a decent clip. He takes over from interim CEO Laura Chambers, who led the company through a major antitrust case and what Mozilla describes as "double-digit mobile growth" in Firefox. Chambers is returning to the Mozilla board of directors. The new CEO has outlined three priorities: ensuring all products give users control over AI features including the ability to turn them off, building a business model around transparent monetization, and expanding Firefox into a broader ecosystem of trusted software. Mozilla VPN integration is planned for the browser next year.

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Preferred Sources in Top Stories is now available in English to all users around the world.Preferred Sources in Top Stories is now available in English to all users around the world.

GoogleBlog - Tue, 12/16/2025 - 09:00
Preferred Sources in Top Stories has expanded globally: it's now available for English-language users worldwide, and we’ll roll it out to all supported languages early n…
Categories: Technology

Google's Real Estate Listings 'Experiment' Sends Zillow Shares Down More Than 8%

Slashdot.org - Tue, 12/16/2025 - 09:00
Google's data partner HouseCanary has begun displaying home listings directly in search results in select markets, sending Zillow's shares tumbling more than 8% yesterday as investors weighed whether the search giant might eventually cut into the portal business that Zillow dominates. The experiment places property details, prices, images and a "Request a tour" button at the top of mobile search results. HouseCanary, a full-service brokerage licensed in all 50 states and Washington D.C., said it contacted every MLS in the test regions before launching. Analysts are largely downplaying immediate concerns. Goldman Sachs noted that most of Zillow's traffic comes directly through its apps and websites rather than Google searches, though the firm views the development as a long-term risk. Piper Sandler called the fears "overblown," and Wells Fargo suggested portals like Zillow would likely end up bidding for ad units on Google rather than losing traffic outright.

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SoundCloud Confirms Breach After Member Data Stolen, VPN Access Disrupted

Slashdot.org - Tue, 12/16/2025 - 08:00
An anonymous reader quotes a report from BleepingComputer: Audio streaming platform SoundCloud has confirmed that outages and VPN connection issues over the past few days were caused by a security breach in which threat actors stole a database containing user information. The disclosure follows widespread reports over the past four days from users who were unable to access SoundCloud when connecting via VPN, with attempts resulting in the site displaying 403 "forbidden" errors. In a statement shared with BleepingComputer, SoundCloud said it recently detected unauthorized activity involving an ancillary service dashboard and activated its incident response procedures. SoundCloud acknowledged that a threat actor accessed some of its data but said the exposure was limited in scope. [...] BleepingComputer has learned that the breach affects 20% of SoundCloud's users, which, based on publicly reported user figures, could impact roughly 28 million accounts. The company said it is confident that all unauthorized access to SoundCloud systems has been blocked and that there is no ongoing risk to the platform. "We understand that a purported threat actor group accessed certain limited data that we hold," SoundCloud told BleepingComputer. "We have completed an investigation into the data that was impacted, and no sensitive data (such as financial or password data) has been accessed. The data involved consisted only of email addresses and information already visible on public SoundCloud profiles."

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