An anonymous reader quotes a report from Ars Technica: US Senator Edward Markey (D-Mass.) is one of the more technologically engaged of our elected lawmakers. And like many technologically engaged Ars Technica readers, he does not like what he sees in terms of automakers' approach to data privacy. On Friday, Sen. Markey wrote to 14 car companies with a variety of questions about data privacy policies, urging them to do better. As Ars reported in September, the Mozilla Foundation published a scathing report on the subject of data privacy and automakers. The problems were widespread -- most automakers collect too much personal data and are too eager to sell or share it with third parties, the foundation found.

Markey noted (PDF) the Mozilla Foundation report in his letters, which were sent to BMW, Ford, General Motors, Honda, Hyundai, Kia, Mazda, Mercedes-Benz, Nissan, Stellantis, Subaru, Tesla, Toyota, and Volkswagen. The senator is concerned about the large amounts of data that modern cars can collect, including the troubling potential to use biometric data (like the rate a driver blinks and breathes, as well as their pulse) to infer mood or mental health. Sen. Markey is also worried about automakers' use of Bluetooth, which he said has expanded "their surveillance to include information that has nothing to do with a vehicle's operation, such as data from smartphones that are wirelessly connected to the vehicle." "These practices are unacceptable," Markey wrote. "Although certain data collection and sharing practices may have real benefits, consumers should not be subject to a massive data collection apparatus, with any disclosures hidden in pages-long privacy policies filled with legalese. Cars should not -- and cannot -- become yet another venue where privacy takes a backseat."

The 14 automakers have until December 21 to answer Markey's questions.

Slashdot reader XXongo writes: Nuclear power plants have historically been built at gigawatt scale. Recently, however, there has been a new dawn seeing multiple projects to build Small Modular Reactors ("SMRs"), both funded by billionaires and by the U.S. Department of Energy.

Recently one of the players farthest ahead in the development, NuScale Power, canceled their headline project, but many other projects continue. In a lengthy analysis, Michael Barnard thinks that's crazy, and attributes the drive toward small reactors to "a tangled web that includes Bill Gates, Silicon Valley, desperate coal towns, desperate nuclear towns, the inability of the USA to build big infrastructure, the U.S. Department of Energy's budget, magical thinking and more." Due to thermal inefficiencies, small reactors are more expensive per unit of power generated, he points out, and the SMR projects ignore most of the field's history's lessons about both the scale of reactors for commercial success and the conditions needed for success.

They are relying on Wright's Law, that each doubling of the number of manufactured items in production manufacturing would bring cost per item down by 20% to 27%, but Barnard points out that the number of reactors needed to achieve enough economy of scale in production to make the reactors make economic sense is unrealistically optimistic. He concludes that only government programs can meet the conditions for successful deployment of nuclear power.
At one point Barnard characters SMRs as "a bunch of lab technologies that have been around for decades that depend on uranium from Russia, that don't have the physical characteristics for cheap nuclear generation and don't have the conditions for success for nuclear generation will be the saviours of the nuclear industry and a key wedge in fighting climate change...

"I like nuclear generation. I know it's safe enough. I'm not concerned about radiation... I just know that it doesn't have the conditions for success to be built and scaled economically in the 21st Century, and wind, water, solar, transmission and storage do."

Long-time Slashdot reader nmb3000 writes: The Electronic Frontier Foundation has published a new white paper, Privacy First: A Better Way to Address Online Harms , to propose an alternative to the "often ill-conceived, bills written by state, federal, and international regulators to tackle a broad set of digital topics ranging from child safety to artificial intelligence." According to the EFF, "these scattershot proposals to correct online harm are often based on censorship and news cycles. Instead of this chaotic approach that rarely leads to the passage of good laws, we propose another solution."
The EFF writes:

100 miles south of the Canadian border, the tiny town of Bemidji, Minnesota "has been bombarded by a sudden onslaught of Amazon packages" since early November, reports the Washington Post, "and local postal workers say they have been ordered to deliver those packages first."

A spokesperson for the U.S. Postal Service tells the Post that's not true, and that their service "does not prioritize the delivery of packages from Amazon or other customers."

But whatever's going on, the Post reports that "The result has been chaos..." Mail is getting backed up, sometimes for days, leaving local residents waiting for checks, credit card statements, health insurance documents and tax rebates. Routes meant to take eight or nine hours are stretching to 10 or 12. At least five carriers have quit, and the post office has banned scheduled sick days for the rest of the year, carriers say... Dennis Nelson, a veteran mail carrier, said he got so frustrated watching multiple co-workers "breaking down and crying" that he staged a symbolic strike earlier this month outside the post office where he has worked for more than 20 years...

Bemidji is not the only place where postal workers say they have been overwhelmed by packages from Amazon... Carriers and local officials say mail service has been disrupted in rural communities from Portland, Maine, to Washington state's San Juan Islands.

The situation stems from a crisis at the Postal Service, which has lost $6.5 billion in the past year. The post office has had a contract with Amazon since 2013, when it started delivering packages on Sundays. But in recent years, that business has exploded as Amazon has increasingly come to rely on postal carriers to make "last-mile" deliveries in harder-to-reach rural locations. The Postal Service considers the contract proprietary and has declined to disclose its terms. But U.S. Postmaster General Louis DeJoy has said publicly that "increasing package volume" — not just from Amazon, but from FedEx and UPS as well — is key to the mail service's financial future. In a Nov. 14 speech to the Postal Service Board of Governors, DeJoy said he wants the post office to become the "preferred delivery provider in the nation...."

In bigger cities, Amazon has its own distribution network, which takes some of the pressure off the post office. But in rural areas, where carriers drive miles of lonely routes in their personal vehicles, the arrangement has caused problems. In the mountains of Colorado, biologists in Crested Butte are struggling with the delay of time-sensitive samples, the Denver Post reported in September, while mail carriers in Carbondale say they are overwhelmed by Amazon packages. Other Minnesota towns including Brainerd and La Porte have been hit hard by Amazon in the past, carriers said...

Partenheimer defended the post office's record in an email, while conceding "much work remains to be done...."
An Amazon spokesperson told the Post "We work directly with the USPS to balance our delivery needs with their available capacity," and "we'll continue to collaborate on package volume each week and adjust as needed."

This week the White House announced a series of "AI hackathons to strengthen critical mineral supply chains," starting in February of 2024.

There's 50 critical minerals are used in everything from electric motors and generators to the fuselage and wings of an airplane. So now the "Critical Mineral Assessments with AI Support" contest aims to "significantly speed up the assessment of the nation's critical mineral resources by automating key steps" using AI and machine learning tools, according to a DARPA announcement on X, pointing to details on a new DARPA web page: Clean energy infrastructure, along with many other next-generation technologies, consume more critical minerals than traditional energy sources, and expected demand for critical minerals used in clean energy will quadruple by 2040... The goal of this AI exploration effort is to transform the workflow from a serial, predominantly manual, intermittently updated approach, to a highly parallel, continuous AI-assisted capability that is comprehensive in scope, efficient in scale, and generalizable across an array of applications...

The challenge is that critical mineral assessments are labor intensive and using traditional techniques, assessing all 50 critical minerals would proceed too slowly to address present-day supply chain needs. An AI-assisted workflow could enable the U.S. Geological Survey to accomplish its mission, produce high-quality derivative products from raw input data, and deliver timely assessments that reduce exploration risk and support decisions affecting the management of strategic domestic resources.

While the primary focus will be critical minerals, it is expected that the resulting technologies and resulting data products will be valuable for a wide variety of U.S. government mission areas ranging from water resource management, to potential new clean energy sources.
It all started back in 2022, when the resource-identifying U.S. Geological Survey acknowledged that "The U.S. is under-mapped." They'd hoped an online contest could close the gap — with a first prize of $10,000 (with $3,000 and $1,000 for the second- and third-place winner). Working with NASA's Jet Propulsion Laboratory and the government-supporting research nonprofit MITRE, DARPA and the U.S. Geological Survey all teamed up for the big "AI for Critical Mineral Assessment" competition.

Participants were given images of maps from somewhere in North America — along with a list of points without their latitude-longitude coordinates (just a pair of numbers indicating their position within that image). They'd have to find a way to automate the determination of real-world latitudes and longitudes. The contest recommended using other features on the map as reference points — like roads, streams, and elevation-indicating topographic lines, as well as government boundary lines (and the names of places on the map). And last December during the awards ceremony a DARPA official said they were "really really pleased at the response we got."

The new 2024 AI hackathons are now intended to build on the challenges from that 2022 competition. One competitor had described it as a "well-organized competition, really engaging," adding "I think the complexity of the maps that were part of the data set just made it a really interesting and engaging kind of problem."

They noted that in the past we've always indicated data with maps — but that now, we're trying to turn maps back into data...

Long-time Slashdot reader destinyland summarizes a video report from CNN: : CNN anchor Jake Tapper interviewed TikTok's head of public policy last year, asking if they censored content critical of the Chinese party. "We do not censor content on behalf of any government," the spokesperson answered.

But this week CNN reviewed data the total number of hashtags on both Instagram and on TikTok for topics that might be embarrassing to the Chinese government — and found stark differences.

— Hashtag #Uyghurs appears in 10.4X more posts on Instagram than on TikTok.
— Hashtag #Tiananmen (referencing the 1989 pro-democracy protests) is 153 more likely to appear on Instagram than on TikTok.

"So yes, the content exists on TikTok, but there's far less of it on TikTok than on other social media apps," CNN's Tapper says. "And that seems very convenient for the Chinese Communist Party."

An anonymous reader quotes a report from Motherboard: On Wednesday, a group of military and military-adjacent scientists gathered at a conference to discuss the possibility of creating a super soldier. They discussed breeding programs, Marvel movies, The Matrix, and the various technologies the Pentagon is researching with the goal of creating a real life super soldier complete with cybernetic implants and thorny ethical issues surrounding bodily autonomy. The talk happened at the The Interservice/Industry Training, Simulation and Education Conference, or I/ITSEC, an annual conference where military leaders come to talk shop and simulation corporations gather to demo new products. It's the kind of place where execs and generals don virtual reality helmets and talk about the virtues of VR sims. You could even catch members of congress talking about the importance of simulations and war. "Winning the war of cognition by pushing readiness and lethality boundaries," reads the official poster for the 2019 I/ITSEC.

It was here, in Orlando, Florida, where five illustrious members of the military-industrial complex gathered to discuss super soldiers at the "Black Swan -- Dawn of the Super Soldier" panel. Lauren Reinerman-Jones, an analyst from Defense Acquisition University, moderated a panel that included U.S. Army Developmental Command representatives George Matook and Irwin Hudson, research scientist J.J. Walcutt, and Richard McKinley, who works on "non-invasive brain stimulation" for the Air Force. I/TSEC advertised the panel in its program with a picture of the experts next to a posing Master Chief, the genetically enhanced super soldier from the Halo video game franchise. Throughout the conversation, which covered the nuts and bolts of what's possible now and what's about to be possible along with various ethical concerns, references to science fiction and fantasy stories were common. Some of the ideas discussed include synthetic blood, pain-numbing stimulants, limb regeneration, and non-invasive brain stimulation. The discussion references the John Scalzi book about a near future where Earth wages war by offering the elderly new youthful bodies in exchange for military service.

They also discuss the ethical and legal concerns surrounding the creation of super soldiers, as well as the societal norms and potential risks. "What risks are we willing to take? There's all these wonderful things we can do," Matook said. "We don't want a fair fight. We really don't, this is not an honorable thing. We want our guys to be over-matching any possible enemies, right? So why aren't we giving them pharmaceutical enhancements? Why are we making them run all week when we could just be giving them steroids? There's all these other things you could do if you change societal norms and ethics. And laws, in some cases."

The discussion concludes with considerations about the long-term effects, reversibility of enhancements, and the potential ownership of enhanced individuals by the government. "So if you do these kinds of changes to an individual, what do you do when their service is up? What happens? Or are they just literally owned by the government for life," asks Reinerman-Jones. Hudson replied with a grim joke: "Termination."

An anonymous reader quotes a report from the Associated Press: City lawmakers in Brazil have enacted what appears to be the nation's first legislation written entirely by artificial intelligence -- even if they didn't know it at the time. The experimental ordinance was passed in October in the southern city of Porto Alegre and city councilman Ramiro Rosario revealed this week that it was written by a chatbot, sparking objections and raising questions about the role of artificial intelligence in public policy. Rosario told The Associated Press that he asked OpenAI's chatbot ChatGPT to craft a proposal to prevent the city from charging taxpayers to replace water consumption meters if they are stolen. He then presented it to his 35 peers on the council without making a single change or even letting them know about its unprecedented origin.

"If I had revealed it before, the proposal certainly wouldn't even have been taken to a vote," Rosario told the AP by phone on Thursday. The 36-member council approved it unanimously and the ordinance went into effect on Nov. 23. "It would be unfair to the population to run the risk of the project not being approved simply because it was written by artificial intelligence," he added. [...] Keeping the proposal's origin secret was intentional. Rosario told the AP his objective was not just to resolve a local issue, but also to spark a debate. He said he entered a 49-word prompt into ChatGPT and it returned the full draft proposal within seconds, including justifications.

"I am convinced that ... humanity will experience a new technological revolution," he said. "All the tools we have developed as a civilization can be used for evil and good. That's why we have to show how it can be used for good." And the council president [Hamilton Sossmeier], who initially decried the method, already appears to have been swayed. "I changed my mind," Sossmeier said. "I started to read more in depth and saw that, unfortunately or fortunately, this is going to be a trend."

Slash_Account_Dot writes: U.S. Special Operations Command (USSOCOM) has paid over ten million dollars for a new autonomous aircraft made by Anduril, the defense startup run by Palmer Luckey, which is capable of carrying explosive warheads and taking down other aircraft, or re-landing itself if it doesn't engage in an attack, 404 Media has found.

On Friday, Anduril announced the existence of the person-size drone called "Roadrunner." In his own Twitter thread, Luckey said Roadrunner has been "operationally validated with an existing U.S. government customer," but did not name the agency. Multiple publications which appeared to have the news under embargo, including Bloomberg and Defense One, added that the company is not allowed to say which customer bought the technology. It took 404 Media around 25 seconds to find the customer is likely USSOCOM.

Montana's first-of-its-kind state ban on TikTok has been blocked by a U.S. judge, saying it "oversteps state power and infringes on the constitutional rights of users." Reuters reports: TikTok, which is owned by China's ByteDance, did not immediately comment Thursday. The company sued Montana in May, seeking to block the U.S. state ban on several grounds, arguing that it violates the First Amendment free speech rights of the company and users. TikTok users in Montana also filed suit to block the ban. TikTok said in a court filing it "has not shared, and would not share, U.S. user data with the Chinese government, and has taken substantial measures to protect the privacy and security of TikTok users."

Molloy, who was appointed to the bench by Democratic President Bill Clinton, found merit to numerous arguments raised by TikTok in his opinion. During an October hearing, Molloy questioned why no other state had followed Montana in banning TikTok and asked if the state was being "paternalistic" in arguing the ban was necessary to protect the data of TikTok users. Montana could have imposed fines of $10,000 for each violation by TikTok in the state but the law did not impose penalties on individual TikTok users.

An anonymous reader shares a report: In late September, an arsonist set fire to a storage shed at Memorial Park used by the Santa Monica Pickleball Club, torching thousands of dollars worth of nets, rackets, balls, and other pickleball equipment. "Unknown suspect(s) caused a fire that damaged city property (Tennis Court Gate)," a police report I obtained using a public records request says. The report adds that there is body camera footage of the incident and police-shot photos, but the city refused to release them to me because there is an ongoing investigation. The arsonist is still at large.

We still don't know the motive behind the arson, but the news caught my attention because it happened while I was in the midst of trying to understand what I've been calling the pickleball wars. For the last few months I've been trying to understand what's been happening behind-the-scenes in cities large and small by filing public records requests aimed at learning how common beefs about pickleball are, and what's causing them.

If you don't already know about "the fastest growing sport," Pickleball is kind of like tennis, but played on a court a quarter of the size using a plastic ball similar to a wiffle ball and a hard racket. The smaller court, hard ball, and hard racket means that pickleball is louder than tennis, a fact that is brought up very often by homeowners and homeowner associations who claim, somewhat dubiously, that the noise from pickleball drives down their home values. My hypothesis going into researching this article was that people who live in cities are mad at the noise created during the act of playing pickleball and they have probably complained to the government about it. What I found was surprisingly more complex: Thousands of pages of documents I've reviewed show that pickleball's surging popularity is overwhelming under-resourced parks departments in city governments all over the country.

China is waging a growing number of cyberattacks on neighboring Taiwan, according to cybersecurity experts at Alphabet's Google. From a report: Google has observed a "massive increase" in Chinese cyberattacks on Taiwan in the last six months or so, said Kate Morgan, a senior engineering manager in Google's threat analysis division, which monitors government-sponsored hacking campaigns. Morgan warned that Chinese hackers are employing tactics that make their work difficult to track, such as breaking into small home and office internet routers and repurposing them to wage attacks while masking their true origin.

"The number of groups in China that are performing hacking and trying to get into technology companies or get into cloud customers is huge," Morgan said. "I don't have the exact number, but it is probably over 100 groups that we are tracking just out of China alone." The hackers are going "after everything," including defense sector, government and private industry on the island, she said. Google's findings come as concerns have grown over the prospect of a conflict in Taiwan. The relationship between the US -- Taiwan's top military backer -- and China has deteriorated in recent years over a wide range of issues including Taiwan, human rights and a race to dominate advanced technologies such as chips, quantum computing and artificial intelligence.

An anonymous reader quotes a report from The Guardian: A new era of medical discoveries, treatments and cures is on the horizon, researchers say, following the announcement that an unprecedented trove of genetic information is to be made available to scientists. Health researchers from around the world can now apply to study the whole genomes of half a million people enrolled in UK Biobank, a biomedical research project that has compiled detailed health and lifestyle records on individuals since it began 20 years ago. The move on Thursday amounts to the largest number of whole-genome sequences ever released for medical research. The sequences will be used with UK Biobank's records and other data to delve deeply into the genetics of everything -- from people's risk of obesity, diabetes, heart disease, cancer and other conditions, to individuals' sleep and exercise patterns.

Researchers believe the new data will allow them to calculate people's individual risk scores for a raft of cancers and other diseases, and so work out who could benefit most from early screening. They should also gain a deeper understanding of serious genetic conditions such as Huntington's and motor neurone disease, which have often been studied in small numbers of severely affected patients. Health experts from academia, the government, industry and charities can apply for access though they have to be approved and study the genomes through a protected database stripped of identifying details such as names, addresses, birth dates, and GP information. "Until 2021 scientists could study only about 1% of the DNA of UK Biobank volunteers -- the fraction that encodes proteins," notes the report. "Since then, whole genomes have been released for 200,000 participants, but work continued to sequence all of the 500,000 volunteers."

"With that number of whole genomes in hand, researchers will be able to find much rarer genes which drive diseases, including those that behave like switches and turn other genes on and off."

An anonymous reader quotes a report from the CBC: Google and the federal government have reached an agreement in their dispute over the Online News Act that would see Google continue to share Canadian news online in return for the company making annual payments to news companies in the range of $100 million. Sources told Radio-Canada and CBC News earlier Wednesday that an agreement had been reached. Heritage Minister Pascale St-Onge confirmed the news Wednesday afternoon. "Many doubted that we would be successful, but I was confident we would find a way to address Google's concerns," she told reporters outside the House of Commons.

The federal government and Google agreed on the regulatory framework earlier this week, a government source familiar with the talks told Radio-Canada. The federal government had estimated earlier this year that Google's compensation should amount to about $172 million. Google estimated the value at $100 million. The company said it would not have a mandatory negotiation model imposed on it for talks with Canadian media organizations, preferring to deal with a single point of contact. The new regulations will allow Google to negotiate with a single group that would represent all media, allowing the company to limit its arbitration risk. Google would still be required to negotiate with the media and sign an agreement. The digital giant could also add additional service contributions, which have yet to be specified.

An anonymous reader quotes a report from CNBC: Hackers who compromised Okta's customer support system stole data from all of the cybersecurity firm's customer support users, Okta said in a letter to clients Tuesday, a far greater incursion than the company initially believed. The expanded scope opens those customers up to the risk of heightened attacks or phishing attempts, Okta warned. An Okta spokesperson told CNBC that customers in government or Department of Defense environments were not impacted by the breach. "We are working with a digital forensics firm to support our investigation and we will be sharing the report with customers upon completion. In addition, we will also notify individuals that have had their information downloaded," a spokesperson said in a statement to CNBC.

Nonetheless, Okta provides identity management solutions for thousands of small and large businesses, allowing them to give employees a single point of sign on. It also makes Okta a high-profile target for hackers, who can exploit vulnerabilities or misconfigurations to gain access to a slew of other targets. In the high profile attacks on MGM and Caesars, for example, threat actors used social engineering tactics to exploit IT help desks and target those company's Okta platforms. The direct and indirect losses from those two incidents exceeded $100 million, including a multi-million dollar ransom payment from Caesars.

The first transatlantic flight by a commercial airliner fully powered by "sustainable" jet fuel has taken off from London Heathrow. From a report: Tuesday's Virgin Atlantic flight, partly funded by the UK government, has been hailed by the aviation industry and ministers as a demonstration of the potential to significantly cut net carbon emissions from flying, although scientists and environmental groups are extremely sceptical. Airlines have previously flown on a blend of up to 50% of alternative fuels, called sustainable aviation fuels (SAF), and flight VS100 is operating under special dispensation with no paying passengers, using fuel made mostly from tallow and other waste products.

One of those onboard, the transport secretary, Mark Harper, said: "Today's 100% SAF-powered flight shows how we can decarbonise transport both now and in the future, cutting lifecycle emissions by 70% and inspiring the next generation of solutions." Rishi Sunak said the flight was "a major milestone towards making air travel more environmentally friendly and decarbonising our skies." Virgin Atlantic said the flight to New York would show that SAF was a safe replacement for normal kerosene jet fuel. The Virgin Atlantic founder and president, Sir Richard Branson, also onboard, said: "The world will always assume something can't be done, until you do it."

India's government has granted its Computer Emergency Response Team, CERT-In, immunity from Right To Information (RTI) requests, the nation's equivalent of the freedom of information queries in the US, UK, or Australia. From a report: Reasons for the exemption have not been explained, but The Register has reported on one case in which an RTI request embarrassed CERT-In. That case related to India's sudden decision, in April 2022, to require businesses of all sizes to report infosec incidents to CERT-in within six hours of detection. The rapid reporting requirement applied both to serious incidents like ransomware attacks, and less critical messes like the compromise of a social media account.

CERT-In justified the rules as necessary to defend the nation's cyberspace and gave just sixty days notice for implementation. The plan generated local and international criticism for being onerous and inconsistent with global reporting standards such as Europe's 72-hour deadline for notifying authorities of data breaches. The reporting requirements even applied to cloud operators, who were asked to report incidents on tenants' servers. Big Tech therefore opposed the plan.

Economist, in an interactive post: In 2024, countries with more than half the world's population -- over four billion people -- will send their citizens to the polls. But many elections are not fully free and fair. Some of these will have no meaningful influence on governments. In the most democratic countries, such as Britain, elections will decide the next government or cause a substantial change in policy. In Russia, one of the least democratic, the vote is very unlikely to weaken Vladimir Putin's grip on power.

For countries in between, such as India or the United States, elections still matter, and may even be free and fair. But other aspects of democracy, such as participation or governance, have weaknesses. Some places, such as Brazil and Turkey, will not hold general elections in 2024 but have local or municipal elections in which the whole country will participate. Similarly, the European Union's 27 member states will elect the bloc's next parliament. More people will vote in 2024 than in any previous year. But this great march to the ballot box does not necessarily mean an explosion of democracy.

Germany will entice electric vehicle drivers to charge up when there's plenty of green power on the system by offering them cheap tariffs linked to wholesale prices. From a report: It's part of a push by the government to better integrate huge swings of renewable power onto the grid when it's particularly sunny or windy by ramping demand up or down to match. It's an example of the flexible tariffs that are popping up all over Europe aimed at consumers with electricity-hungry devices like heat pumps or cars that can help balance the network.

Europe's largest economy aims to produce 80% of its power from renewables by 2030, but is struggling to expand its network infrastructure. To reduce bottlenecks, consumers' network costs should be reduced by as much as $208 per year, or they can opt for a 60% reduction on their energy price and benefit from other levy exemptions for heat pumps, the regulator Bundesnetzagentur said in a statement Monday.

"Government-funded investment accounts for children could be on the horizon," writes CNBC, "and if tech investor Brad Gerstner has his way, corporate America will match the funds..." Gerstner been working with lawmakers to promote a legislative program known as Invest America that would create an investing account seeded with $1,000 for each child that's born in the U.S., but it's still too early in the process to publicly name supporters. He's aiming, however, to have legislation passed before the next presidential election. At the same time, he's working with corporate America to encourage businesses to offer matching funds to help employees further their savings.

"The vision is simple — that corporations would include an Invest America match of $1,000 into the Invest America account of children of their employees," Gerstner, founder and chief executive of Altimeter Capital, said in an email. "We have talked with companies ranging from Zillow to Dell to Uber and, subject to details, the response has been overwhelmingly positive," he said. Rich Barton, co-founder and chief executive of Zillow, said it's a "no-brainer" for his company to fully support and match the type of program Gerstner is proposing. "A 401(k)-style investment account from birth seems like a great way to tackle the growing divide around financial literacy and wealth," he said in an email. "It is a small investment to help parents achieve more peace of mind."

Representatives for Microsoft CEO Satya Nadella, Michael Dell and Uber CEO Dara Khosrowshahi, other companies Gerstner cited in a recent CNBC interview as being receptive to his pitch, did not respond to email requests for comment...

Certainly, there can be tangible — and intangible — benefits to companies that participated in a matching program. For instance, the government would have to provide tax incentives to companies that would presumably function similarly to how deductions are handled for 401(k) contributions, said Jeffrey Sharp, executive vice president at HUB International, a global insurance broker that provides employee benefits, and other products and services. Someone with $1,000 in her account at birth could expect a balance of about $107,000 by age 67, provided the portfolio grew at an annualized rate of 7%, according to CNBC Make It's compounding interest calculator. With a company match, a $2,000 investment could grow to around $215,000, under the same conditions. The outcome could be even more beneficial if parents contribute additional funds.
The article also hedges that companies "would have to consider the advisability of paying for this type of benefit that not all employees could take advantage of. They might decide, for instance, they'd be better off upping their 401(k) match so more employees could benefit."

But "I think we have a historic moment right now to get everybody into the game of capitalism," Gerstner says in an interview, noting it would cost just $3.7 billion to fund 50 million accounts -- "less than 1/100th of 1% of the national budget" -- and that he hopes to see the legislation introduced next year "in the spring."