What Happens When an 'Infinite-Money Machine' Unravels Michael Saylor's software company Strategy, formerly known as MicroStrategy, built a financial model that some observers called an "infinite-money machine" by stockpiling hundreds of thousands of bitcoins and issuing stock and debt to buy more, but that machine appears to be breaking down. The company's stock peaked above $450 in mid-July and ended November at $177.18, a 60% decline. Bitcoin fell only 25% over the same period. The gap between Strategy's market cap and the value of its bitcoin holdings has nearly vanished. At one point last week, the company's market value dipped below the value of its bitcoins after accounting for debt. Strategy announced it had built a $1.4 billion dollar reserve by selling more stock to cover required dividend payments to preferred shareholders over the next twelve months. The company also disclosed it might sell some of its coins if its value continues to fall, a reversal from Saylor's February tweet declaring "Never sell your Bitcoin." Professional short seller Jim Chanos, who had questioned the strategy's sustainability, told Sherwood he made money by shorting the stock and buying bitcoins. https://news.slashdot.org/story/25/12/09/173219/what-happens-when-an-infinite-money-machine-unravels?utm_source=rss1.0moreanon&utm_medium=feed at Slashdot. https://news.slashdot.org/story/25/12/09/173219/what-happens-when-an-infinite-money-machine-unravels?utm_source=rss1.0mainlinkanon&utm_medium=feed

Xbox Is Bleeding Out Microsoft's Xbox consoles were conspicuously absent from Black Friday's winners, failing to crack the top three in U.S. sales during one of the retail calendar's most important weeks. According to Circana analyst Mat Piscatella, the PlayStation 5 captured 47% of Black Friday week console sales ending November 29, followed by the Nintendo Switch 2 at 24% and -- somewhat remarkably -- the NEX Playground, a Kinect-like Android device aimed at children, at 14%. Microsoft ran no promotions on its consoles during the period. The Xbox Series X currently retails for $650 following this year's price increase, up from its $500 launch price in 2020. Sony, by contrast, discounted the PS5 by roughly 40% at some retailers. Piscatella noted on Bluesky that products without price promotions typically see no seasonal lift. Costco has removed Xbox consoles from its U.S. and UK websites. https://games.slashdot.org/story/25/12/09/1630206/xbox-is-bleeding-out?utm_source=rss1.0moreanon&utm_medium=feed at Slashdot. https://games.slashdot.org/story/25/12/09/1630206/xbox-is-bleeding-out?utm_source=rss1.0mainlinkanon&utm_medium=feed

The Rarest of All Diseases Are Becoming Treatable In February, a six-month-old baby named KJ Muldoon became the first person ever to receive a CRISPR gene-editing treatment customized specifically for his unique genetic mutation, a milestone that researchers say marks a turning point in how medicine might approach the thousands of rare diseases that collectively affect 30 million Americans. Muldoon was born with a type of urea-cycle disorder that gives patients roughly a 50% chance of surviving infancy and typically requires a liver transplant; he is now a healthy 1-year-old who recently took his first steps. The treatment's significance extends beyond one child. Scientists at UC Berkeley's Innovative Genomics Institute and the Children's Hospital of Philadelphia are now planning clinical trials that would use Muldoon's therapy as a template, tweaking the molecular "address" in the CRISPR system to target different mutations in other children with urea-cycle disorders. Last month, FDA officials Marty Makary and Vinay Prasad announced a new drug pathway designed to accelerate approvals for such personalized treatments -- a framework inspired in large part by Muldoon's case. Current gene-editing delivery mechanisms limit treatments to disorders in the blood and liver. Many families will still go without bespoke therapies. https://science.slashdot.org/story/25/12/09/1612202/the-rarest-of-all-diseases-are-becoming-treatable?utm_source=rss1.0moreanon&utm_medium=feed at Slashdot. https://science.slashdot.org/story/25/12/09/1612202/the-rarest-of-all-diseases-are-becoming-treatable?utm_source=rss1.0mainlinkanon&utm_medium=feed

Microsoft Excel Turns 40, Remains Stubbornly Unkillable Microsoft Excel, the 40-year-old spreadsheet application that helped establish personal computers as essential workplace tools and contributed to Microsoft's current valuation of nearly $4 trillion, has weathered both the rise of cloud computing and the current AI boom largely unscathed. In its most recent quarter, commercial revenue for Microsoft 365 -- the bundle including Excel, Word, and PowerPoint -- increased 17% year over year, and consumer revenue rose 28%. The software traces its origins to a 1983 Microsoft offsite under the code name Odyssey, where engineers set out to clone Lotus 1-2-3. That program had itself cloned VisiCalc, the first computerized spreadsheet, created by Dan Bricklin for the Apple II in the late 1970s. Bricklin never patented VisiCalc. "Financially it would have been great if we'd have been able to patent it," he told Bloomberg. "And there would be a Bricklin Building at MIT, instead of a Gates Building." Excel now counts an estimated 500 million paying users. The Pentagon pays for 2 million Microsoft 365 licenses. Google's free Sheets product, launched in 2006, captured casual use cases like potluck sign-ups but failed to dislodge Excel from enterprise work. AI chatbots present the latest challenge, but venture capitalists say nearly every AI spreadsheet startup they meet builds on top of Excel rather than replacing it. https://it.slashdot.org/story/25/12/09/1428239/microsoft-excel-turns-40-remains-stubbornly-unkillable?utm_source=rss1.0moreanon&utm_medium=feed at Slashdot. https://it.slashdot.org/story/25/12/09/1428239/microsoft-excel-turns-40-remains-stubbornly-unkillable?utm_source=rss1.0mainlinkanon&utm_medium=feed

More Than 200 Environmental Groups Demand Halt To New US Datacenters An anonymous reader quotes a report from the Guardian: A coalition of more than 230 environmental groups has demanded a national moratorium on new datacenters in the U.S., the latest salvo in a growing backlash to a booming artificial intelligence industry that has been blamed for escalating electricity bills and worsening the climate crisis. The green groups, including Greenpeace, Friends of the Earth, Food & Water Watch and dozens of local organizations, have urged members of Congress to halt the proliferation of energy-hungry datacenters, accusing them of causing planet-heating emissions, sucking up vast amounts of water and exacerbating electricity bill increases that have hit Americans this year. "The rapid, largely unregulated rise of datacenters to fuel the AI and crypto frenzy is disrupting communities across the country and threatening Americans' economic, environmental, climate and water security," the letter states, adding that approval of new data centers should be paused until new regulations are put in place. The push comes amid a growing revolt against moves by companies such as Meta, Google and Open AI to plow hundreds of billions of dollars into new datacenters, primarily to meet the huge computing demands of AI. At least 16 datacenter projects, worth a combined $64 billion, have been blocked or delayed due to local opposition to rising electricity costs. The facilities' need for huge amounts of water to cool down equipment has also proved controversial, particularly in drier areas where supplies are scarce. [...] At the current rate of growth, datacenters could add up to 44m tons of carbon dioxide to the atmosphere by 2030, equivalent to putting an extra 10m cars on to the road and exacerbating a climate crisis that is already spurring extreme weather disasters and ripping apart the fabric of the American insurance market. But it is the impact upon power bills, rather than the climate crisis, that is causing anguish for most voters, acknowledged Emily Wurth, managing director of organizing at Food & Water Watch, the group behind the letter to lawmakers. "I've been amazed by the groundswell of grassroots, bipartisan opposition to this, in all types of communities across the US," said Wurth. "Everyone is affected by this, the opposition has been across the political spectrum. A lot of people don't see the benefits coming from AI and feel they will be paying for it with their energy bills and water." "It's an important talking point. We've seen outrageous utility price rises across the country and we are going to lean into this. Prices are going up across the board and this is something Americans really do care about." https://news.slashdot.org/story/25/12/08/2158223/more-than-200-environmental-groups-demand-halt-to-new-us-datacenters?utm_source=rss1.0moreanon&utm_medium=feed at Slashdot. https://news.slashdot.org/story/25/12/08/2158223/more-than-200-environmental-groups-demand-halt-to-new-us-datacenters?utm_source=rss1.0mainlinkanon&utm_medium=feed

IBM To Buy Confluent For $11 Billion To Expand AI Services IBM is buying Confluent for $11 billion in a major push to own real-time data streaming infrastructure essential for enterprise AI workloads. It marks Big Blue's biggest acquisition since Red Hat in 2019. Bloomberg reports: The AI boom has touched off billions of dollars in deals for businesses that build, train or leverage the technology, propelling the value of an entire ecosystem of data center developers, software makers, generative AI tool developers and data management firms. Mountain View, California-based Confluent sits in the data corner of that world, providing a platform for companies to gather -- or "stream" -- and analyze data in real time as opposed to shipping data in clunkier batches. Manufacturers such as Michelin, for example, have used Confluent's platform to optimize their inventories of raw and semi-finished materials live. Instacart adopted Confluent to develop real-time fraud detection systems and gain more visibility into the availability of products sold on its grocery delivery platform. Businesses are increasingly tapping AI systems that manage tasks like this in real-time and require live flows of data to do so. IBM, which pioneered mainframe computers, has been trying to reposition its business around AI over the past few years. Under Chief Executive Officer Arvind Krishna, it's been buying software companies and selling generative AI-related services to enterprise clients. Software now makes up almost half its total revenue and continues to grow at a steady rate. https://tech.slashdot.org/story/25/12/08/2141229/ibm-to-buy-confluent-for-11-billion-to-expand-ai-services?utm_source=rss1.0moreanon&utm_medium=feed at Slashdot. https://tech.slashdot.org/story/25/12/08/2141229/ibm-to-buy-confluent-for-11-billion-to-expand-ai-services?utm_source=rss1.0mainlinkanon&utm_medium=feed

Social Media's Relentless Shopping Machine Has Created an Army of Debt-Laden Buyers The influencer economy that Goldman Sachs projects will reach nearly half a trillion dollars by 2027 depends on a less-examined population: the influenced, millions of people who find themselves accumulating debt and clutter after years of exposure to what amounts to a 24/7 digital infomercial. Antoinette Hocbo, a former marketing professional who knows the tricks brands use to chip away at willpower, bought a $199 Pilates program, an iPad, and an arsenal of makeup products after TikTok's algorithm served her a stream of aspirational content. The Pilates gear now sits unused. Elysia Berman accumulated over $50,000 in debt across four credit cards and four buy-now-pay-later services during the pandemic, purchasing items she never wore because influencers recommended them. A 2024 Pew Research Center survey found 62% of adults on TikTok use the platform to find product reviews and recommendations. Marketing expert Mara Einstein told The Verge that brands now need seven exposures to prompt consumer action, up from three in the pre-social media era. The vastness of the internet has allowed available products to bloat beyond imagination. https://tech.slashdot.org/story/25/12/08/200230/social-medias-relentless-shopping-machine-has-created-an-army-of-debt-laden-buyers?utm_source=rss1.0moreanon&utm_medium=feed at Slashdot. https://tech.slashdot.org/story/25/12/08/200230/social-medias-relentless-shopping-machine-has-created-an-army-of-debt-laden-buyers?utm_source=rss1.0mainlinkanon&utm_medium=feed

Denmark Posts Its Last Letters as Hallowed National Mail Ends Denmark's postal service, established by King Christian IV four centuries ago as one of Europe's first modern mail systems, will stop delivering letters on December 30, ending a tradition that once saw riders given a maximum of 45 minutes to cover each 10-kilometer stretch of routes running from Hamburg to Norway. PostNord, the postal service Denmark has shared with Sweden since 2009, started removing its 1,500 remaining red post boxes in June; a handful will go to museums. Letter volumes collapsed from nearly 1.5 billion in 2000 to 110 million last year. A standard stamp now costs 29 Danish kroner ($4.52). A private logistics firm called DAO will take over letter delivery. PostNord will continue handling parcels. The decision has rattled postal services elsewhere in Europe. Deutsche Post in Germany, still delivering 61 million letters daily, has warned it faces the same trends. https://news.slashdot.org/story/25/12/08/197230/denmark-posts-its-last-letters-as-hallowed-national-mail-ends?utm_source=rss1.0moreanon&utm_medium=feed at Slashdot. https://news.slashdot.org/story/25/12/08/197230/denmark-posts-its-last-letters-as-hallowed-national-mail-ends?utm_source=rss1.0mainlinkanon&utm_medium=feed

Idaho Lab Produces World's First Molten Salt Fuel for Nuclear Reactors America's Energy Department runs a research lab in Idaho — and this week announced successful results from a ground-breaking experiment. "This is the first time in history that chloride-based molten salt fuel has been produced for a fast reactor," says Bill Phillips, the lab's technical lead for salt synthesis. He calls it "a major milestone for American innovation and a clear signal of our national commitment to advanced nuclear energy." Unlike traditional reactors that use solid fuel rods and water as a coolant, most molten salt reactors rely on liquid fuel — a mixture of salts containing fissile material. This design allows for higher operating temperatures, better fuel efficiency, and enhanced safety. It also opens the door to new applications, including compact nuclear systems for ships and remote installations. "The Molten Chloride Fast Reactor represents a paradigm shift in the nuclear fuel cycle, and the Molten Chloride Reactor Experiment (MCRE) will directly inform the commercialization of that reactor," said Jeff Latkowski, senior vice president of TerraPower and program director for the Molten Chloride Fast Reactor. "Working with world-leading organizations such as INL to successfully synthesize this unique new fuel demonstrates how real progress in Gen IV nuclear is being made together." "The implications for the maritime industry are significant," said Don Wood, senior technical advisor for MCRE. "Molten salt reactors could provide ships with highly efficient, low-maintenance nuclear power, reducing emissions and enabling long-range, uninterrupted travel. The technology could spark the rise of a new nuclear sector — one that is mobile, scalable and globally transformative. More details from America's Energy Department: MCRE will require a total of 72 to 75 batches of fuel salt to go critical, making it the largest fuel production effort at INL since the operations of Experimental Breeder Reactor-II more than 30 years ago. The full-scale demonstration of the new fuel salt synthesis line for MCRE was made possible by a breakthrough in 2024. After years of testing, the team found the right recipe to convert 95 percent of uranium metal feedstock into 18 kilograms of uranium chloride fuel salt in only a few hours — a process that previously took more than a week to complete... After delivering the first batch of fuel salt this fall, the team anticipates delivering four additional batches by March of 2026. MCRE is anticipated to run in 2028 for approximately six months at INL in the Laboratory for Operation and Testing (LOTUS) in the United States test bed. "With the first batch of fuel salt successfully created at INL, researchers will now conduct testing to better understand the physics of the process, with a goal of moving the process to a commercial scale over the next decade," says Cowboy State Daily. Thanks to long-time Slashdot reader schwit1 for sharing the article. https://hardware.slashdot.org/story/25/12/07/2231215/idaho-lab-produces-worlds-first-molten-salt-fuel-for-nuclear-reactors?utm_source=rss1.0moreanon&utm_medium=feed at Slashdot. https://hardware.slashdot.org/story/25/12/07/2231215/idaho-lab-produces-worlds-first-molten-salt-fuel-for-nuclear-reactors?utm_source=rss1.0mainlinkanon&utm_medium=feed

Was the Airbus A320 Recall Caused By Cosmic Rays? What triggered that Airbus emergency software recall? The BBC reports that Airbus's initial investigation into an aircraft's sudden drop in altitude linked it "to a malfunction in one of the aircraft's computers that controls moving parts on the aircraft's wings and tail." But that malfunction "seems to have been triggered by cosmic radiation bombarding the Earth on the day of the flight..." The BBC believes radiation from space "could become a growing problem as ever more microchips run our lives." What Airbus says occurred on that JetBlue flight from Cancun to New Jersey was a phenomenon called a single-event upset, or bit flip. As the BBC has previously reported, these computer errors occur when high-speed subatomic particles from outer space, such as protons, smash into atoms in our planet's atmosphere. This can cause a cascade of particles to rain down through our atmosphere, like throwing marbles across a table. In rare cases, those fast-moving neutrons can strike computer electronics and disrupt tiny bits of data stored in the computer's memory, switching that bit — often represented as a 0 or 1 — from one state to another. "That can cause your electronics to behave in ways you weren't expecting," says Matthew Owens, professor of space physics at the University of Reading in the UK. Satellites are particularly affected by this phenomenon, he says. "For space hardware we see this quite frequently." This is because the neutron flux — a measure of neutron radiation — rises the higher up in the atmosphere you go, increasing the chance of a strike hitting sensitive parts of the computer equipment on board. Aircraft are more vulnerable to this problem than computer equipment on the ground, although bit flips do occur at ground level, too. The increasing reliance of computers in fly-by-wire systems in aircraft, which use electronics rather than mechanical systems to control the plane in the air, also mean the risk posed by bit flips when they do occur is higher... Airbus told the BBC that it tested multiple scenarios when attempting to determine what happened to the 30 October 2025 JetBlue flight. In this case also, the company ruled out various possibilities except that of a bit flip. It is hard to attribute the incident to this for sure, however, because careering neutrons leave no trace of their activity behind, says Owens... [Airbus's software update] works by inducing "rapid refreshing of the corrupted parameter so it has no time to have effect on the flight controls", Airbus says. This is, in essence, a way of continually sanitising computer data on these aircraft to try and ensure that any errors don't end up actually impacting a flight... As computer chips have become smaller, they have also become more vulnerable to bit flips because the energy required to corrupt tiny packets of data has got lower over time. Plus, more and more microchips are being loaded into products and vehicles, potentially increasing the chance that a bit flip could cause havoc. If nothing else, the JetBlue incident will focus minds across many industries on the risk posed to our modern, microchip-dependent lives from cosmic radiation that originates far beyond our planet. Airbus said their analysis revealed "intense solar radiation" could corrupt data "critical to the functioning of flight control." But that explanation "has left some space weather scientists scratching their heads," adds the BBC. Space.com explains: Solar radiation levels on Oct. 30 were unremarkable and nowhere near levels that could affect aircraft electronics, Clive Dyer, a space weather and radiation expert at University of Surrey in the U.K., told Space.com. Instead, Dyer, who has studied effects of solar radiation on aircraft electronics for decades, thinks the onboard computer of the affected jet could have been struck by a cosmic ray, a stream of high-energy particles from a distant star explosion that may have travelled millions of years before reaching Earth. "[Cosmic rays] can interact with modern microelectronics and change the state of a circuit," Dyer said. "They can cause a simple bit flip, like a 0 to 1 or 1 to 0. They can mess up information and make things go wrong. But they can cause hardware failures too, when they induce a current in an electronic device and burn it out." https://tech.slashdot.org/story/25/12/08/0625216/was-the-airbus-a320-recall-caused-by-cosmic-rays?utm_source=rss1.0moreanon&utm_medium=feed at Slashdot. https://tech.slashdot.org/story/25/12/08/0625216/was-the-airbus-a320-recall-caused-by-cosmic-rays?utm_source=rss1.0mainlinkanon&utm_medium=feed