An anonymous reader quotes a report from Business Insider: If you think you've been seeing an awful lot more Reddit results lately when you search on Google, you're not imagining things. The internet is in upheaval, and for website owners the rules of "winning" Google Search have never been murkier. Google's generative AI search engine is coming from one direction. It's creeping closer to mainstream deployment and bringing an existential crisis for SEOs and website makers everywhere. Coming from the other direction is an influx of posts from Reddit, Quora, and other internet forums that have climbed up through the traditional set of Google links. Data analysis from Semrush, which predicts traffic based on search ranking, shows that traffic to Reddit has climbed at an impressive clip since August. Semrush estimated that Reddit had over 132 million visitors in August 2023. At the time of publishing, it was projected to have over 346 million visitors in April 2024.

None of this is accidental. For years, Google has been watching users tack on "Reddit" to the end of search queries and finally decided to do something about it. Google started dropping hints in 2022 when it promised to do a better job of promoting sites that weren't just chasing the top of search but were more helpful and human. Last August, Google rolled out a big update to Search that seemed to kick this into action. Reddit, Quora, and other forum sites started getting more visibility in Google, both within the traditional links and within a new "discussions and forums" section, which you may have spotted if you're US-based. The timing of this Reddit bump has led to some conspiracy theories. In February, Google and Reddit announced a blockbuster deal that would let Google train its AI models on Reddit content. Google said the deal, reportedly worth $60 million, would "facilitate more content-forward displays of Reddit information," leading to some speculation that Google promised Reddit better visibility in exchange for the valuable training data. A few weeks later, Reddit also went public.

Steve Paine, marketing manager at Sistrix, called the rise of Reddit "unprecedented." "There hasn't been a website that's grown so much search visibility so quickly in the US in at least the last five years," he told Business Insider. Right now, Reddit ranks high for product searches. Reddit's main competitors are Wikipedia, YouTube, and Fandom, Paine said, and it also competes in "high-value commercial searches," putting it up against Amazon. The "real competitors," he said, are the subreddits that compete with brands on the web. A Google spokesperson told Business Insider that the company is essentially just giving users what they want: "Our research has shown that people often want to learn from others' experiences with a topic, so we've continued to make it easier to find helpful perspectives on Search when it's relevant to a query. Our systems surface content from hundreds of forums and other communities across the web, and we conduct rigorous testing to ensure results are helpful and high quality."

An anonymous reader quotes a report from the New York Times: Consumers have grown accustomed to the prospect that their personal data, such as email addresses, social contacts, browsing history and genetic ancestry, are being collected and often resold by the apps and the digital services they use. With the advent of consumer neurotechnologies, the data being collected is becoming ever more intimate. One headband serves as a personal meditation coach by monitoring the user's brain activity. Another purports to help treat anxiety and symptoms of depression. Another reads and interprets brain signals while the user scrolls through dating apps, presumably to provide better matches. ("'Listen to your heart' is not enough," the manufacturer says on its website.) The companies behind such technologies have access to the records of the users' brain activity -- the electrical signals underlying our thoughts, feelings and intentions.

On Wednesday, Governor Jared Polis of Colorado signed a bill that, for the first time in the United States, tries to ensure that such data remains truly private. The new law, which passed by a 61-to-1 vote in the Colorado House and a 34-to-0 vote in the Senate, expands the definition of "sensitive data" in the state's current personal privacy law to include biological and "neural data" generated by the brain, the spinal cord and the network of nerves that relays messages throughout the body. "Everything that we are is within our mind," said Jared Genser, general counsel and co-founder of the Neurorights Foundation, a science group that advocated the bill's passage. "What we think and feel, and the ability to decode that from the human brain, couldn't be any more intrusive or personal to us." "We are really excited to have an actual bill signed into law that will protect people's biological and neurological data," said Representative Cathy Kipp, Democrat of Colorado, who introduced the bill.

TikTok has started testing its Instagram competitor, TikTok Notes, in Canada and Australia. TechCrunch reports: The company said on X that it is in the "early stage" of the app's rollout and that the app is "a dedicated space for photo and text content." "We hope that the TikTok community will use TikTok Notes to continue sharing their moments through photo posts. Whether documenting adventures, expressing creativity, or simply sharing snapshots of one's day, the TikTok Notes experience is designed for those who would like to share and engage through photo content," it said.

The company didn't say much about the app's features and functionality apart from the fact that users can log in with their existing TikTok account. Even the app's description in the app stores is pretty light on details. The screenshots on the App Store listing suggest that the posts will appear in two-column grids on the home page. The screenshots also indicate that you can post multiple photos through a carousel post.

Trump Media & Technology Group Corp., which has been called the "mother of all meme stocks" after it made its stock market debut in late March, announced that its Truth Social platform is moving to launch a live TV streaming platform. Following the news, shares of DJT closed more than 14% lower Tuesday. They ended trading Monday down by more than 18%. CNBC reports: The stock's price has dropped by a whopping 67.7% since Trump Media began trading as a public company on March 26, erasing more than $5 billion in market capitalization. Trump Media's majority shareholder is former President Donald Trump, who holds nearly 60% of its stock.

Earlier Tuesday, Trump Media in a press release said it "has finished the research and development phase of its new live TV streaming platform and will begin scaling up its own content delivery network." The company said it will roll out streaming content in three phases, the first of which will introduce Truth Social's content delivery network for streaming live TV to the app for Android, iOS and web. Phase two will release stand-alone Truth Social streaming apps for phones, tablets and other devices, while phase three will release such apps for home television, Trump Media said. "The streaming content is expected to focus on live TV including news networks, religious channels, family-friendly content including films and documentaries; and other content that has been cancelled, is at risk of cancellation, or is being suppressed on other platforms and services," Trump Media said in its release.

"We're excited to move forward with the next big phase for Truth Social," added CEO Devin Nunes in a statement. "With our streaming content, we aim to provide a permanent home for high-quality news and entertainment that face discrimination by other channels and content delivery service. There is a lot of great content that simply can't find an audience for unjust reasons, and we want to let these creators know they'll soon have a guaranteed platform where they won't be cancelled."

An anonymous reader quotes a report from Futurism: In a new blog post from LastPass, the password management firm used by countless personal and corporate clients to help protect their login information, the company explains that someone used AI voice-cloning tech to spoof the voice of its CEO in an attempt to trick one of its employees. As the company writes in the post, one of its employees earlier this week received several WhatsApp communications -- including calls, texts, and a voice message -- from someone claiming to be its CEO, Karim Toubba. Luckily, the LastPass worker didn't fall for it because the whole thing set off so many red flags. "As the attempted communication was outside of normal business communication channels and due to the employee's suspicion regarding the presence of many of the hallmarks of a social engineering attempt (such as forced urgency)," the post reads, "our employee rightly ignored the messages and reported the incident to our internal security team so that we could take steps to both mitigate the threat and raise awareness of the tactic both internally and externally."

While this LastPass scam attempt failed, those who follow these sorts of things may recall that the company has been subject to successful hacks before. In August 2022, as a timeline of the event compiled by the Cybersecurity Dive blog detailed, a hacker compromised a LastPass engineer's laptop and used it to steal source code and company secrets, eventually getting access to its customer database -- including encrypted passwords and unencrypted user data like email addresses. According to that timeline, the clearly-resourceful bad actor remained active in the company's servers for months, and it took more than two months for LastPass to admit that it had been breached. More than six months after the initial breach, Toubba, the CEO, provided a blow-by-blow timeline of the months-long attack and said he took "full responsibility" for the way things went down in a February 2023 blog post.

The SEC has blocked third-party messaging apps and texts from employees' work phones, "bringing its own practices closer to the standards it's enforcing for the industry," reports Bloomberg. From the report: The SEC's decision to block disappearing-messaging apps will help improve record-keeping and address potential security vulnerabilities at the agency, which saw one of its social-media accounts compromised earlier this year. It follows about $3 billion in fines imposed on financial firms to settle allegations that they failed to keep adequate records of work-related communications on mobile devices and apps such as Signal and Meta's WhatsApp.

The scrutiny prompted Wall Street to overhaul how employees communicate on business matters using mobile phones. Meanwhile, the SEC took a hard look at policies covering its own staff's communications on agency-issued phones. The agency has restricted access to third-party messaging applications, as well as SMS (short message service) and iMessage texts "to lower risk that our systems could be compromised and to enhance recordkeeping," an SEC spokeswoman said in an emailed statement. The process of blocking the apps began in September and has continued over the past several months, she added.

An anonymous reader quotes a report from NPR: An owl. A sharky looking bullet. The Hindu deity Ganesh. The Yin and Yang sign. All painstakingly selected and etched onto a microchip that measures about an inch square. Each microscopic silicon doodle was the handiwork of engineers at Qualcomm Incorporated, a San Diego-based company that creates wireless technology-related products and services. The engineers slipped the drawings into Qualcomm's Q1650 data decoder with care not to disturb any of the chip's functions. They were purposeless etchings, never meant to be uncovered.

These doodles, also known as silicon art, chip graffiti or chip art, and dozens others like it, are remnants of tech history -- from Silicon Valley's infancy to the early 2000s -- when innovation was rapid fire and the tech still had a very human touch. Engineers would add the sketches to their microchip designs in the techie equivalent of signing their artwork. They'd etch them on chips that may end up in your cellphone, laptop or calculator. They spent hours crafting them, even though they were frowned upon by those in the C Suite.

The existence of these doodles came to light decades ago, but social media is discovering them anew. And there is now a small but determined group of online hobbyists working to keep that history alive. They are still cataloguing the miniscule drawings -- many smaller than the width of a human hair and can't be seen without a microscope. These devotees post glossy videos of themselves shucking chips like oysters to see their iridescent insides and the itsy bitsy sketches that may be hidden on them. And they are eagerly saving them from the scrap heap.

An anonymous reader quotes a report from the Washington Post: The Biden administration marked the close of tax season Monday by announcing it had met a modest goal of getting at least 100,000 taxpayers to file through the Internal Revenue Service's new tax software, Direct File -- an alternative to commercial tax preparers. Although the government had billed Direct File as a small-scale pilot, it still represents one of the most significant experiments in tax filing in decades -- a free platform letting Americans file online directly to the government. Monday's announcement aside, though, Direct File's success has proven highly subjective.

By and large, people who tried the Direct File software -- which looks a lot like TurboTax or other commercial tax software, with its question-and-answer format -- gave it rave reviews. "Against all odds, the government has created an actually good piece of technology," a writer for the Atlantic marveled, describing himself as "giddy" as he used the website to chat live with a helpful IRS employee. The Post's Tech Friend columnist Shira Ovide called it "visible proof that government websites don't have to stink." Online, people tweeted praise after filing their taxes, like the user who called it the "easiest tax experience of my life."

While the users might be a happy group, however, there weren't many of them compared to other tax filing options -- and their positive reviews likely won't budge the opposition that Direct File has faced from tax software companies and Republicans from the outset. These headwinds will likely continue if the IRS wants to renew it for another tax season. The program opened to the public midway through tax season, when many low-income filers had already claimed their refunds -- and was restricted to taxpayers in 12 states, with only four types of income (wages, interest, Social Security and unemployment). But it gained popularity as tax season went on: The Treasury Department said more than half of the total users of Direct File completed their returns during the last week.

An anonymous reader shares a report: Over the weekend, developer Mattia La Spina launched iGBA as one of the first retro game emulators legitimately available on the iOS App Store following Apple's rules change regarding such emulators earlier this month. As of Monday morning, though, iGBA has been pulled from the App Store following controversy over the unauthorized reuse of source code from a different emulator project.

iOS 8.1 plugs security hole that made it easy to install emulators Shortly after iGBA's launch, some people on social media began noticing that the project appeared to be based on the code for GBA4iOS, a nearly decade-old emulator that developer Riley Testut and a partner developed as high-schoolers (and distributed via a temporary security hole in the iOS App store). Testut took to social media Sunday morning to call iGBA a "knock-off" of GBA4iOS. "I did not give anyone permission to do this, yet it's now sitting at the top of the charts (despite being filled with ads + tracking)," he wrote.

GBA4iOS is an open source program released under the GNU GPLv2 license, with licensing terms that let anyone "use, modify, and distribute my original code for this project without fear of legal consequences." But those expansive licensing terms only apply "unless you plan to submit your app to Apple's App Store, in which case written permission from me is explicitly required."

DOJ-Collected Information Exposed In Data Breach Affecting 340,000 Information Collected An anonymous reader shared this report from Security Week: Economic analysis and litigation support firm Greylock McKinnon Associates, Inc. (GMA) is notifying over 340,000 individuals that their personal and medical information was compromised in a year-old data breach. The incident was detected on May 30, 2023, but it took the firm roughly eight months to investigate and determine what type of information was compromised and to identify the impacted individuals.



According to GMA's notification letter to the affected individuals, a copy of which was submitted to the Maine Attorney General's Office, both personal and Medicare information was compromised in the data breach... "This information may have included your name, date of birth, address, Medicare Health Insurance Claim Number (which contains a Social Security number associated with a member) and some medical information and/or health insurance information," the notification letter reads.

The compromised data, GMA says, was obtained by the US Department of Justice "as part of a civil litigation matter". More than 340,000 individuals were affected by the data breach, the company told the Maine Attorney General's Office. The impacted individuals, however, are "not the subject of this investigation or the associated litigation matters", the company tells the affected individuals.

An anonymous reader quotes a report from The Guardian: Hospitals -- despite being places where people implicitly expect to have their personal details kept private -- frequently use tracking technologies on their websites to share user information with Google, Meta, data brokers, and other third parties, according to research published today. Academics at the University of Pennsylvania analyzed a nationally representative sample of 100 non-federal acute care hospitals -- essentially traditional hospitals with emergency departments -- and their findings were that 96 percent of their websites transmitted user data to third parties. Additionally, not all of these websites even had a privacy policy. And of the 71 percent that did, 56 percent disclosed specific third-party companies that could receive user information.

The researchers' latest work builds on a study they published a year ago of 3,747 US non-federal hospital websites. That found 98.6 percent tracked and transferred visitors' data to large tech and social media companies, advertising firms, and data brokers. To find the trackers on websites, the team checked out each hospitals' homepage on January 26 using webXray, an open source tool that detects third-party HTTP requests and matches them to the organizations receiving the data. They also recorded the number of third-party cookies per page. One name in particular stood out, in terms of who was receiving website visitors' information. "In every study we've done, in any part of the health system, Google, whose parent company is Alphabet, is on nearly every page, including hospitals," [Dr Ari Friedman, an assistant professor of emergency medicine at the University of Pennsylvania] observed. "From there, it declines," he continued. "Meta was on a little over half of hospital webpages, and the Meta Pixel is notable because it seems to be one of the grabbier entities out there in terms of tracking."

Both Meta and Google's tracking technologies have been the subject of criminal complaints and lawsuits over the years -- as have some healthcare companies that shared data with these and other advertisers. In addition, between 20 and 30 percent of the hospitals share data with Adobe, Friedman noted. "Everybody knows Adobe for PDFs. My understanding is they also have a tracking division within their ad division." Others include telecom and digital marketing companies like The Trade Desk and Verizon, plus tech giants Oracle, Microsoft, and Amazon, according to Friedman. Then there's also analytics firms including Hotjar and data brokers such as Acxiom. "And two thirds of hospital websites had some kind of data transfer to a third-party domain that we couldn't even identify," he added. Of the 71 hospital website privacy policies that the team found, 69 addressed the types of user information that was collected. The most common were IP addresses (80 percent), web browser name and version (75 percent), pages visited on the website (73 percent), and the website from which the user arrived (73 percent). Only 56 percent of these policies identified the third-party companies receiving user information. In lieu of any federal data privacy law in the U.S., Friedman recommends users protect their personal information via the browser-based tools Ghostery and Privacy Badger, which identify and block transfers to third-party domains.

Vinod Khosla, the founder of venture capital firm Khosla Ventures, opines on the bill that seeks to ban TikTok or force its parent firm to divest the U.S. business: Even if one could argue that this bill strikes at the First Amendment, there is legal precedent for doing so. In 1981, Haig vs Agee established that there are circumstances under which the government can lawfully impinge upon an individual's First Amendment rights if it is necessary to protect national security and prevent substantial harm. TikTok and the AI that can be channelled through it are national and homeland security issues that meet these standards.

Should this bill turn into law, the president would have the power to force any foreign-owned social media to be sold if US intelligence agencies deem them a national security threat. This broader scope should protect against challenges that this is a bill of attainder. Similar language helped protect effective bans on Huawei and Kaspersky Lab. As for TikTok's value as a boon to consumers and businesses, there are many companies that could quickly replace it. In 2020, after India banned TikTok amid geopolitical tensions between Beijing and New Delhi, services including Instagram Reels, YouTube Shorts, MX TakaTak, Chingari and others filled the void.Â

Few appreciate that TikTok is not available in China. Instead, Chinese consumers use Douyin, the sister app that features educational and patriotic videos, and is limited to 40 minutes per day of total usage. Spinach for Chinese kids, fentanyl -- another chief export of China's -- for ours. Worse still, TikTok is a programmable fentanyl whose effects are under the control of the CCP.

An anonymous reader quotes a report from TorrentFreak: Cox Communications doesn't believe that ISPs should be held liable for the activities of their pirating subscribers. After a disappointing verdict from a Virginia jury and an unsatisfactory outcome at the Court of Appeals, the internet provider now intends to escalate the matter to the Supreme Court. If the present verdict stands, innocent people risk losing their Internet access, the ISP notes. [...] That's notable, as it would be the first time that a "repeat infringer" case ends up at the highest court United States. Cox asked the court of appeals to also stay its mandate pending its Supreme Court application, as this could steer the legal battle in yet another direction.

According to Cox, the Supreme Court has substantial reasons to take on the case. For one, there are currently conflicting court of appeals rulings on the "material contribution" aspect of copyright infringement. The Supreme Court could give more clarity on when a service, with a myriad of lawful uses, can be held liable for infringers. In addition, Cox also cites the recent 'Twitter vs. Taamneh' Supreme Court ruling, which held that social media platforms aren't liable for terrorists who use their network. While that's not a copyright case, it's relevant for the secondary liability question, the ISP argues. "Though Twitter was not a copyright case, it confronted a directly analogous theory of secondary liability: that social-media platforms, including Twitter and YouTube, could be liable for continuing to provide services to those they knew were using them for illegal purposes," Cox writes.

Finally, Cox notes that the Supreme Court should hear the case because it deals with an issue that's 'exceptionally important' to ISPs as well as the public. If the present verdict stands, Internet providers may be much more likely to terminate Internet access, even if the subscriber is innocent. "This Court's material-contribution standard provides powerful incentives for ISPs of all stripes to swiftly terminate internet services that have been used to infringe -- no matter the universe of lawful uses to which those services are put, or the consequences to innocent, non-infringing people who also use those services. "That is why a chorus of amici urged this Court not to adopt this standard at the panel and en banc stages, and will likely urge the Supreme Court to grant review as well," Cox adds, referring to the support it received from third-parties previously. "Cox hasn't filed a writ of certiorari yet and still has time, as it's due June 17, 2024," notes TorrentFreak. "The intention to go to the Supreme Court would be another reason to halt the new damages trial, according to Cox, but the court of appeals rejected the request."

"This means that the new damages trial can start, even if the case is still pending at the Supreme Court. However, it's clear that this legal battle is far from over yet."

Keaton Peters reports via the Texas Tribune: Students sitting for their STAAR exams this week will be part of a new method of evaluating Texas schools: Their written answers on the state's standardized tests will be graded automatically by computers. The Texas Education Agency is rolling out an "automated scoring engine" for open-ended questions on the State of Texas Assessment of Academic Readiness for reading, writing, science and social studies. The technology, which uses natural language processing technology like artificial intelligence chatbots such as GPT-4, will save the state agency about $15-20 million per year that it would otherwise have spent on hiring human scorers through a third-party contractor.

The change comes after the STAAR test, which measures students' understanding of state-mandated core curriculum, was redesigned in 2023. The test now includes fewer multiple choice questions and more open-ended questions -- known as constructed response items. After the redesign, there are six to seven times more constructed response items. "We wanted to keep as many constructed open ended responses as we can, but they take an incredible amount of time to score," said Jose Rios, director of student assessment at the Texas Education Agency. In 2023, Rios said TEA hired about 6,000 temporary scorers, but this year, it will need under 2,000.

To develop the scoring system, the TEA gathered 3,000 responses that went through two rounds of human scoring. From this field sample, the automated scoring engine learns the characteristics of responses, and it is programmed to assign the same scores a human would have given. This spring, as students complete their tests, the computer will first grade all the constructed responses. Then, a quarter of the responses will be rescored by humans. When the computer has "low confidence" in the score it assigned, those responses will be automatically reassigned to a human. The same thing will happen when the computer encounters a type of response that its programming does not recognize, such as one using lots of slang or words in a language other than English. "In addition to 'low confidence' scores and responses that do not fit in the computer's programming, a random sample of responses will also be automatically handed off to humans to check the computer's work," notes Peters. While similar to ChatGPT, TEA officials have resisted the suggestion that the scoring engine is artificial intelligence. They note that the process doesn't "learn" from the responses and always defers to its original programming set up by the state.

Japan's largest telecommunications company and the country's biggest newspaper called for speedy legislation to restrain generative AI, saying democracy and social order could collapse if AI is left unchecked. From a report: Nippon Telegraph and Telephone, or NTT, and Yomiuri Shimbun Group Holdings made the proposal in an AI manifesto to be released Monday. Combined with a law passed in March by the European Parliament restricting some uses of AI, the manifesto points to rising concern among American allies about the AI programs U.S.-based companies have been at the forefront of developing.

The Japanese companies' manifesto, while pointing to the potential benefits of generative AI in improving productivity, took a generally skeptical view of the technology. Without giving specifics, it said AI tools have already begun to damage human dignity because the tools are sometimes designed to seize users' attention without regard to morals or accuracy. Unless AI is restrained, "in the worst-case scenario, democracy and social order could collapse, resulting in wars," the manifesto said. It said Japan should take measures immediately in response, including laws to protect elections and national security from abuse of generative AI.

The San Francisco Chronicle reports that Tesla "is poised to roll out its version of a robotaxi later this year, according to CEO Elon Musk." ("Musk made the announcement on social media saying 'Tesla Robotaxi unveil on 8/8.' His cryptic post contained no other details about the forthcoming line of autonomous vehicles.")

Electrek thinks they know what it'll look like. "Through Walter Issacson's approved biography of Musk, we learned that Tesla Robotaxi will be 'Cybertruck-like'."

8/8 (of the year 2024) would be a Thursday — although CNBC adds one additional clarification: At Tesla, "unveil" dates do not predict a near-future date for a commercial release of a new product. For example, Tesla unveiled its fully electric heavy-duty truck, the Semi, in 2017 and did not begin deliveries until December 2022. It still produces and sells very few Semis to this day.
"Tesla shares rose over 3% in extended trading after Musk's tweet."

China will attempt to disrupt elections in the US, South Korea and India this year with artificial intelligence-generated content after making a dry run with the presidential poll in Taiwan, Microsoft has warned. From a report: The US tech firm said it expected Chinese state-backed cyber groups to target high-profile elections in 2024, with North Korea also involved, according to a report by the company's threat intelligence team published on Friday. "As populations in India, South Korea and the United States head to the polls, we are likely to see Chinese cyber and influence actors, and to some extent North Korean cyber actors, work toward targeting these elections," the report reads.

Microsoft said that "at a minimum" China will create and distribute through social media AI-generated content that "benefits their positions in these high-profile elections." The company added that the impact of AI-made content was minor but warned that could change. "While the impact of such content in swaying audiences remains low, China's increasing experimentation in augmenting memes, videos and audio will continue -- and may prove effective down the line," said Microsoft. Microsoft said in the report that China had already attempted an AI-generated disinformation campaign in the Taiwan presidential election in January. The company said this was the first time it had seen a state-backed entity using AI-made content in a bid to influence a foreign election.
UPDATE: Last fall, America's State Department "accused the Chinese government of spending billions of dollars annually on a global campaign of disinformation," reports the Wall Street Journal: In an interview, Tom Burt, Microsoft's head of customer security and trust, said China's disinformation operations have become much more active in the past six months, mirroring rising activity of cyberattacks linked to Beijing. "We're seeing them experiment," Burt said. "I'm worried about where it might go next."

An anonymous reader writes: Could you imagine discovering that your identity had been used to take out fraudulent loans and when you tried to resolve the issue by providing your state ID and Social Security card you were instead arrested, charged with multiple felonies, jailed for over a year, incarcerated in a mental hospital and given psychotropic drugs, eventually to be released with a criminal record and a judge's order that you could no longer use your real name? As dystopian as this might sound, it actually happened. And it was only after the victim learned his oppressor worked for The University of Iowa Hospital and contacted their security department was the investigation taken seriously leading to the perpetrator's arrest. The Gazette reports: Matthew David Keirans, 58, was convicted of one count of false statement to a National Credit Union Administration insured institution -- punishable by up to 30 years in federal prison -- and one count of aggravated identity theft -- punishable by up to two years in federal prison. Keirans worked as a systems architect in the hospital's IT department from June 28, 2013 to July 20, 2023, when he was terminated for misconduct related to the identity theft investigation. Keirans worked at the hospital under the name William Donald Woods, an alias he had been using since about 1988, when he worked with the real William Woods at a hot dog cart in Albuquerque, N.M. [...] By 2013, Keirans had moved to eastern Wisconsin. He started his IT job with UI Hospitals and worked remotely. He earned more than $700,000 in his 10 years working for the hospital. In 2023, his salary was $140,501, according to the hospital.

In 2019, the real William Woods was homeless, living in Los Angeles. He went to a branch of the national bank and explained that he recently discovered someone was using his credit and had accumulated a lot of debt. Woods didn't want to pay the debt and asked to know the account numbers for any accounts he had open at the bank so he could close them. Woods gave the bank employee his real Social Security card and an authentic California Identification card, which matched the information the bank had on file. Because there was a large amount of money in the accounts, the bank employee asked Woods a series of security questions that he was unable to answer. The bank employee called Keirans, whose the phone number was connected to the accounts. He answered the security questions correctly and said no one in California should have access to the accounts. The employee called the Los Angeles Police Department, and officers spoke with Woods and Keirans. Keirans faxed the Los Angeles officers a copy of Woods' Social Security card and birth certificate, as well as a Wisconsin driver's license Keirans had acquired under Woods' name. The driver's license had the name William David Woods -- David is Keirans' real middle name -- rather than William Donald Woods. When questioned, Keiran told an LAPD officer he sometimes used David as a middle name, but his real name was William Donald Woods. The real Woods was arrested and charged with identity theft and false impersonation, under a misspelling of Keirans' name: Matthew Kierans.

Because Woods continued to insist, throughout the judicial process, that he was William Woods and not Matthew Kierans, a judge ruled in February 2020 that he was not mentally competent to stand trial and he was sent to a mental hospital in California, where he received psychotropic medication and other mental health treatment. In March 2021, Woods pleaded no contest to the identity theft charges -- meaning he accepted the conviction but did not admit guilt. He was sentenced to two years imprisonment with credit for the two years he already served in the county jail and the hospital and was released. He was also ordered to pay $400 in fines and to stop using the name William Woods. He did not stop. Woods continued to attempt to regain his identity by filing customer disputes with financial organizations in an attempt to clear his credit report. He also reached out to multiple law enforcement agencies, including the Hartland Police Department in Wisconsin, where Keirans lived. Woods eventually discovered where Keirans was working, and in January 2023 he reached out to the University of Iowa Hospitals' security department, who referred his complaint to the University of Iowa Police Department.

University of Iowa Police Detective Ian Mallory opened an investigation into the case. Mallory found the biological father listed on Woods' birth certificate -- which both Woods and Keirans had sent him an official copy of -- and tested the father's DNA against Woods' DNA. The test proved Woods was the man's son. On July 17, 2023, Mallory interviewed Keirans. He asked Keirans what his father's name was, and Keirans accidentally gave the name of his own adoptive father. Mallory then confronted Keirans with the DNA evidence, and Keirans responded by saying, "my life is over" and "everything is gone." He then confessed to the prolonged identity theft, according to court documents. The full story can be ready via The Gazette.

Many investors are lining up to bet on the collapse of former President Donald J. Trump's social media company, Trump Media & Technology Group Corp., which made its stock market debut last week under the ticker "DJT." The stock has been called the "mother of all meme stocks" since it is highly volatile and there are no fundamental underpinnings. It's being valued at roughly 1,600 times its annual revenue, at Wednesday's closing price. "By comparison, the stock of Facebook's owner trades at about eight times revenues, and Google's owner trades at six times," notes Fast Company. The New York Times reports: Trump Media is the most "shorted" special purpose acquisition vehicle in the country, according to the financial data company S3 Partners. Short-sellers bet that the price of a stock will fall. They do that by borrowing shares of a company and selling them into the market, hoping to buy them back later at a lower price, before returning the shares to the lender and pocketing the difference as profit. The demand to short Trump Media, the parent company of the social media platform Truth Social, is so great that stock lenders can charge enormous fees, making it hard for short-sellers to turn a profit unless the shares fall significantly. Still, there is a lot of interest in taking the bet. "They are looking for this stock to crater and crater very quickly," said Ihor Dusaniwsky, managing director of predictive analytics at S3. Last month, traders lost $126 million betting against Trump Media, according to S3.

On Monday, Trump Media published updated financial information, revealing little revenue, large losses and a statement from the company's independent auditor expressing "substantial doubt" about its financial viability. This appeared to galvanize investors betting against the company, as the stock slipped from its highs. But short-sellers are finding it difficult and costly to trade in Trump Media. There are roughly 137 million shares in the company, and only around five million of those are available to short-sellers. Mr. Trump owns about 60 percent of shares, and company executives also hold a chunk of the stock. Company insiders tend not to lend their shares to short-sellers. Big asset managers like BlackRock, Vanguard and State Street, which regularly lend out shares, are not major holders of Trump Media, further crimping the supply.

According to S3, 4.9 million of the roughly five million available shares are already on loan. As with any loan, when share owners lend their stock to a short-seller, they charge a fee, usually expressed as an annual interest rate on the stock's current value. Typically, the fee for borrowing stock is a fraction of a percentage point. For Trump Media, it has risen to 550 percent, Mr. Dusaniwsky said. Trump Media's stock currently trades at around $50. That means that shorting it for a month would cost more than $20 per share. For a short-seller to break even, the stock price would have to fall by almost half by early May.

There is another wrinkle, too. One large broker said much of the short trading was not an outright bet against Trump Media. Since the advent of meme-stock trading and the vilification of short-sellers that win only if popular companies lose, large investors are wary of making such trades. Instead, the current trade driving demand is designed to capture the difference between DJT's stock price and outstanding "warrants," which will give the owners the right to new stock at a fixed price as long as regulators approve the new shares. Partly because of that uncertainty, those warrants currently trade below $19, with a list of hedge funds as recent holders. Even after the high cost to borrow stock is accounted for, they are still able to profit from the $30 difference between existing stock and what the warrants are worth, assuming the warrants become registered as shares.

President Joe Biden has become the first sitting U.S. president to post on a decentralized networking protocol. As reported by The Verge, President Biden's Threads account "has begun using Meta's ActivityPub integration," which allows for content, data, and followers to be ported between networks -- the basis that makes up the "fediverse." From the report: The account turning on fediverse posting comes only a couple of weeks after Threads rolled out its beta ActivityPub integration for users in the US, Canada, and Japan. Biden may not be able to see replies and follows as they pour in from the fediverse -- and with some servers blocking connections to Meta, not everyone there will be able to see his posts -- as those features weren't part of Threads' integration when it opened up beta testing last month. But his posts are available, and he'll see likes coming in from there. Or whoever is running the Presidential Threads account will, anyway.