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Software Company Bonds Drop As Investors' AI Worries Mount

Slashdot.org - Wed, 01/28/2026 - 19:02
An anonymous reader quotes a report from Bloomberg: Investors are souring on the bonds of software companies that service industries ranging from automotive to finance as fast-paced artificial intelligence innovations threaten to upend their business models. [...] Bond prices tumbled as advances in artificial intelligence rack up. Google announced plans to launch an AI assistant to browse for internet surfers Wednesday while a customer support startup, Decagon AI Inc., raised a new round of funding. Such developments are further stoking the angst about AI displacing enterprise software companies, driving a selloff in the sector's stocks and bonds across the globe. [...] Some say the AI fears weighing on software companies are overdone. "While point-solution software faces disruption risk, large company platforms with complex workflows and proprietary data are better positioned to benefit from AI-driven automation," wrote Union Bancaire Prive in its investment outlook for 2026 released this week. But a recent report by EY-Parthenon flagged that in the UK last year, software and computer services firms issued the highest number of warnings on earnings among listed firms. "Software multiples have compressed amid uncertainty around whether incumbents can defend pricing power and sustain growth in an AI-first work-flow environment," wrote Bruce Richards, chief executive officer and chairman of Marathon Asset Management, in a LinkedIn post last week.

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Apple Tells Patreon To Move Creators To In-App Purchase For Subscriptions

Slashdot.org - Wed, 01/28/2026 - 18:20
Apple is forcing Patreon to move all remaining creators onto Apple's in-app purchase subscription system by November 2026 "or else Patreon would risk removal from the App Store," reports TechCrunch. "Apple made this decision because Patreon was managing the billing for some percentage of creators' subscriptions, and the tech giant saw that as skirting its App Store commission structure." The tech giant initially told Patreon that it must do so by November 2025, but the deadline was pushed back. From the report: "We strongly disagree with this decision," its blog post states. "Creators need consistency and clarity in order to build healthy, long-term businesses. Instead, creators using legacy billing will now have to endure the whiplash of another policy reversal -- the third such change from Apple in the past 18 months. Over the years, we have proposed multiple tools and features to Apple that we could've built to allow creators using legacy billing to transition on their own timelines, with more support added in. Unfortunately, Apple has continually declined them," it says. Creators can read more about the transition plan on Patreon's website. It has also built several tools to support these changes, including a benefit eligibility tool to see who has paid or is scheduled to pay, tier repricing tools, and gifting and discount tools to offer payment flexibility. An option for annual-only memberships will be introduced before November 2026 as well. The commission on in-app purchases and subscriptions is 30% on Apple's system, but "drops to 15% for a subscription that has been ongoing for more than a year," notes MacRumors. Patreon lets creators either raise prices only in its iOS app to cover Apple's fee or keep prices the same by absorbing the cost, while iPhone and iPad users can avoid the App Store commission entirely by paying through Patreon's website instead.

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Google Says AI Agent Can Now Browse on Users' Behalf

Slashdot.org - Wed, 01/28/2026 - 17:40
Google is rolling out an "auto browse" AI agent in Chrome that can navigate websites, fill out forms, compare prices, and handle tedious online tasks on a user's behalf. Bloomberg reports: The feature, called auto browse, will allow users to ask an assistant powered by Gemini to complete tasks such as shopping for them without leaving Chrome, said Charmaine D'Silva, a director of product. Chrome users will be able to plan a family trip by asking Gemini to open different airline and hotel websites to compare prices, for instance, D'Silva explained. "Our testers have used it for all sorts of things: scheduling appointments, filling out tedious online forms, collecting their tax documents, getting quotes for plumbers and electricians, checking if their bills are paid, filing expense reports, managing their subscriptions, and speeding up renewing their driving licenses -- a ton of time saved," said Parisa Tabriz, vice president of Chrome, in a blog post. [...] Chrome's auto browse will be available to US AI pro and AI Ultra subscribers and will use Google Password Manager to sign into websites on a user's behalf. As part of the launch, Google is also bringing its image generation tool, Nano Banana, directly into Chrome. The company said that safeguards have been placed to ensure the agentic AI will not be able to make final calls, such as placing an order, without the user's permission. "We're using AI as well as on-device models to protect people from what's really an ever-evolving landscape, whether it's AI-generated scams or just increasingly sophisticated attackers," Tabiz said during the call.

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US Cyber Defense Chief Uploaded Sensitive Files Into a Public Version of ChatGPT

Slashdot.org - Wed, 01/28/2026 - 17:02
An anonymous reader quotes a report from Politico: The interim head of the country's cyber defense agency uploaded sensitive contracting documents into a public version of ChatGPT last summer, triggering multiple automated security warnings that are meant to stop the theft or unintentional disclosure of government material from federal networks, according to four Department of Homeland Security officials with knowledge of the incident. The apparent misstep from Madhu Gottumukkala was especially noteworthy because the acting director of the Cybersecurity and Infrastructure Security Agency had requested special permission from CISA's Office of the Chief Information Officer to use the popular AI tool soon after arriving at the agency this May, three of the officials said. The app was blocked for other DHS employees at the time. None of the files Gottumukkala plugged into ChatGPT were classified, according to the four officials, each of whom was granted anonymity for fear of retribution. But the material included CISA contracting documents (PDF) marked "for official use only," a government designation for information that is considered sensitive and not for public release. Cybersecurity sensors at CISA flagged the uploads this past August, said the four officials. One official specified there were multiple such warnings in the first week of August alone. Senior officials at DHS subsequently led an internal review to assess if there had been any harm to government security from the exposures, according to two of the four officials. It is not clear what the review concluded.

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Amazon is Ending Its Palm ID System for Retail, Amazon One, as It Closes Physical Stores

Slashdot.org - Wed, 01/28/2026 - 16:22
Amazon is discontinuing its Amazon One palm recognition ID system for stores later this year, the company informed users. From a report: The company will discontinue Amazon One services at retail businesses on June 3, 2026, according to a support page for the service and email messages to customers. "In response to limited customer adoption, we're discontinuing Amazon One, our authentication service for facility access and payment," an Amazon spokesperson said. "All customer data associated with Amazon One will be securely deleted after the service ends." The move coincides with a sweeping pullback from Amazon's physical retail experiments. Amazon announced Tuesday that it's closing all of its Amazon Go and Amazon Fresh locations, a total of 72 stores nationwide, concentrating its efforts instead on its Whole Foods Market locations and grocery delivery from Amazon.com. Amazon One launched in 2020 as a way to help speed up in-store entry and payments, identifying customers who opted-in and eliminating the need for them to present a credit card to pay. It often worked in conjunction with the company's Just Walk Out technology, which uses cameras and sensors to let customers avoid using a checkout line.

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Urban Expansion in the Age of Liberalism

Slashdot.org - Wed, 01/28/2026 - 15:44
The housing shortages plaguing Western cities today stem partly from the abandonment of a 19th century urban governance model that enabled cities like Berlin, New York and Chicago to expand rapidly while keeping real house prices flat and homes increasingly affordable. A new analysis by Works in Progress argues that Victorian-era urban management wasn't laissez-faire but rather a system carefully designed to align private profit with public benefit. Infrastructure monopolies -- whether privately franchised, operated as concessions or municipally owned -- funded themselves entirely through user fees rather than public subsidies, and were structured so that building more capacity was the path to greater returns. Landowners enjoyed a fundamental right to build when profitable, and height limits applied uniformly across entire cities rather than varying by neighborhood, meaning dense development remained legal everywhere. The system began collapsing after 1914, however. Inflation proved fatal to self-funding transport because governments found it politically impossible to raise controlled prices year after year. By the 1960s, trams had vanished from Britain, France and the U.S. Meanwhile, differential zoning gradually banned densification in established neighborhoods, and rent controls decimated private homebuilding in many countries. In Britain, average house prices fell from twelve times earnings in 1850 to four times by 1914. They have since climbed back to nine times earnings. The article argues roughly 80% of postwar price increases trace directly to restrictions on building.

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Cancer Might Protect Against Alzheimer's

Slashdot.org - Wed, 01/28/2026 - 15:02
For decades, researchers have noted that cancer and Alzheimer's disease are rarely found in the same person, fuelling speculation that one condition might offer some degree of protection from the other. Nature: Now, a study in mice provides a possible molecular solution to the medical mystery: a protein produced by cancer cells seems to infiltrate the brain, where it helps to break apart clumps of misfolded proteins that are often associated with Alzheimer's disease. The study, which was 15 years in the making, was published on 22 January in Cell and could help researchers to design drugs to treat Alzheimer's disease. "They have a piece of the puzzle," says Donald Weaver, a neurologist and chemist at the Krembil Research Institute at the University of Toronto in Canada, who was not involved in the study. "It's not the full picture by any stretch of the imagination. But it's an interesting piece." [...] A 2020 meta-analysis of data from more than 9.6 million people found that cancer diagnosis was associated with an 11% decreased incidence of Alzheimer's disease. It has been a difficult relationship to unpick: researchers must control for a variety of external factors. For example, people might die of cancer before they are old enough to develop symptoms of Alzheimer's disease, and some cancer treatments can cause cognitive difficulties, which could obscure an Alzheimer's diagnosis.

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