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A fictional memo set in June 2028, published by short seller Citrini Research, wiped roughly $10 billion off Indian IT stocks in a single trading session on February 24 and sent the Nifty IT index down as much as 5.3% -- its worst single-day fall since August 2023 -- on the argument that AI coding agents have collapsed the cost advantage of Indian developers to the price of electricity. The index has shed more than $68 billion in market value in February alone, its worst month since 2003. But the core claim that India's entire $205 billion software export industry rests on cheap labor is roughly 15 years out of date, an analysis argues, custom application maintenance alone accounts for about 35% of a typical Indian IT firm's revenue, per HSBC, and enterprise platforms require deterministic outputs that probabilistic AI systems cannot wholesale replace. HSBC estimates gross AI-led revenue deflation for the sector at 14-16%, a measured headwind rather than an extinction event. The story adds: 24 years of software export data that has never posted a decline, $200 billion in annual revenue, partnerships with the very AI labs whose products are supposed to be the instrument of the sector's destruction, possibly a new $1.5 trillion market category emerging at the intersection of services and software, and the largest U.S. corporates in the middle of mapping their entire workforces into process architectures that require technology partners to modernise. I think India's IT is going to be fine.

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New York state has filed a lawsuit against Valve alleging that randomized loot boxes in games like Counter-Strike 2, Team Fortress 2, and Dota 2 amount to a form of unregulated gambling, letting users "pay for the chance to win a rare virtual item of significant monetary value." From a report: While many randomized video game loot boxes have drawn attention and regulation from various government bodies in recent years, the New York suit calls out Valve's system specifically for "enabl[ing] users to sell the virtual items they have won, either through its own virtual marketplace, the Steam Community Market, or through third-party marketplaces." The vast majority of Valve's in-game loot boxes contain skins that can only be resold for a few cents, the suit notes, while the rarest skins can be worth thousands of dollars through marketplaces on and off of Steam. That fits the statutory definition of gambling as "charging an individual for a chance to win something of value based on luck alone," according to the suit. The Steam Wallet funds that users get through directly reselling skins "have the equivalent purchasing power on the Steam platform as cash," the suit notes. But if a user wants to convert those Steam funds to real cash, they can do so relatively easily by purchasing a Steam Deck and reselling it to any interested party, as an investigator did while preparing the lawsuit.

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Meta donates React to new Linux Foundation-backed body  IT Brief Australia

An anonymous reader shares a report: Burger King is launching an AI chatbot that will live in the headsets used by employees. The voice-enabled chatbot, called "Patty," is part of an overarching BK Assistant platform that will not only assist employees with meal preparation but also evaluate their interactions with customers for "friendliness." Thibault Roux, Burger King's chief digital officer, tells The Verge that the company compiled information from franchisees and guests on how to measure friendliness, resulting in the fast food chain training its AI system to recognize certain words and phrases, such as "welcome to Burger King," "please," and "thank you." Managers can then ask the AI assistant how their location is performing on friendliness. "This is all meant to be a coaching tool," Roux says, adding that the company is "iterating" on capturing the tone of conversations as well.

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Benchmarking 18 Years Of Intel Laptop CPUs: Panther Lake As Much As 95x The Speed Of Penryn  Phoronix

Forget distro hopping: How to use any Linux distribution on one PC  How-To Geek

Tails 7.5 Anonymous Linux OS Released with Updated Tor Client and Tor Browser  9to5Linux

HBO Max will be cracking down on password sharing around the world. From a report: The streamer first started cracking down on password sharing in the United States late last August. Subscribers are now able to add an additional out-of-household account for $7.99 a month. Before that August change, Warner Bros. Discovery had been testing for months to determine who may or may not be a "legitimate user," as CEO and President for Warner Bros. Discovery Global Streaming and Games JB Perrette described the plan. On Thursday during the company's fourth quarter earnings call for 2025, WBD revealed that the streaming limitations would be expanding. This news came as part of an answer about which levers the company plans to pull to grow HBO Max. Password crackdowns have proven to be a lucrative way to both boost revenue and subscriptions. Netflix, for example, saw 9 million more subscribers after its first wave of password crackdowns in 2024. The caveat is that password crackdowns do not lead to consistent growth, and they often infuriate subscribers.

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Fwupd 2.0.20 Firmware Updater Adds Support for HP Engage One G2 Advanced Hub  9to5Linux

Why Linux can't save you from the "Windows-first" software world  How-To Geek

ThreatsDay Bulletin: Kali Linux + Claude, Chrome Crash Traps, WinRAR Flaws, LockBit & 15+ Stories  The Hacker News

NXP Posts New Linux Accelerator Driver For Their Neutron NPU  Phoronix

The last barrier in Linux gaming is not code, it is cowardice  MakeUseOf

EBay is cutting about 800 jobs, or 6% of its full-time employees, saying the layoffs are needed to align its workforce with strategic priorities. From a report: "We are taking steps to reinvest across our business and align our structure with our strategic priorities, which will affect certain roles across our workforce," the San Jose, California-based company said early Thursday in a statement. "We are grateful for the contributions of the employees impacted and are committed to supporting them with care and respect." EBay will continue to hire in key areas. The cuts come a week after the company said it would acquire secondhand fashion marketplace Depop for about $1.2 billion in an effort to draw younger shoppers and after it reported robust quarterly results. Revenue increased 15% to $3 billion in the fourth quarter, surpassing analyst estimates.

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AI-powered creatives are essential for staying relevant in today’s complex search landscape, but above all they must meet your brand standards. That’s why we’re expandin…

3 Arch-based Linux distros that actually solve real problems (and aren't just reskins)  How-To Geek

Linux 7.1 Looks To Support Extended Attributes On Sockets For New GNOME & systemd Functionality  Phoronix

4 Linux Terminal Apps That Make The Command Line Easier to Use  gHacks

Fwupd 2.0.20 Brings New Hardware Support  Phoronix

An anonymous reader shares a report: In its 250th year, is America, land of immigration, becoming a country of emigration? Last year the U.S. experienced something that hasn't definitively occurred since the Great Depression: More people moved out than moved in. The Trump administration has hailed the exodus -- negative net migration -- as the fulfillment of its promise to ramp up deportations and restrict new visas. Beneath the stormy optics of that immigration crackdown, however, lies a less-noticed reversal: America's own citizens are leaving in record numbers, replanting themselves and their families in lands they find more affordable and safe. Since the Eisenhower administration, the U.S. hasn't collected comprehensive statistics on the number of citizens leaving. Yet data on residence permits, foreign home purchases, student enrollments and other metrics from more than 50 countries show that Americans are voting with their feet to an unprecedented degree. A millions-strong diaspora is studying, telecommuting and retiring overseas. The new American dream, for some of its citizens, is to no longer live there. In the cobblestoned streets of Lisbon, so many Americans are snapping up apartments that the newest arrivals complain they mostly hear their own language -- not Portuguese. One of every 15 residents in Dublin's trendy Grand Canal Dock district was born in the U.S., according to realtors, higher than the percentage of Americans born in Ireland during the 19th-century influx following the Potato Famine. In Bali, Colombia and Thailand, the strains of housing American remote workers paid in dollars have inspired locals to mount protests against a wave of gentrification. More than 100,000 young students are enrolled abroad for a more affordable university degree. In nursing homes mushrooming across the Mexican border, elderly Americans are turning up for low-cost care. [...] The U.S. experienced net negative migration -- an estimated loss of some 150,000 people -- in 2025, and the outflow will likely increase in 2026, according to calculations by the Brookings Institution, a public-policy think tank. The number could be larger or smaller because official U.S. data doesn't yet fully capture the number of people leaving, Brookings analysts noted. The total in-migration was between around 2.6 and 2.7 million in 2025, down from a peak of almost 6 million in 2023. The U.S. saw 675,000 deportations and 2.2 million "self-deportations" last year, according to data from the Department of Homeland Security. A Wall Street Journal analysis of 15 countries providing full or partial 2025 data showed that at least 180,000 Americans joined them -- a number likely to be far higher when other countries report full statistics.

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