China's pharmaceutical industry has quietly evolved from a hub for generics and clinical trials into something more ambitious -- a genuine competitor in drug discovery that Western giants are now courting to fill gaps left by looming patent expirations worth over $300 billion by 2030. In the first half of 2025, nearly a third of global licensing agreements signed by big pharma involved Chinese firms, Economist reports, four times the share from 2021. Pfizer agreed in May to pay $1.25 billion to 3SBio for an experimental cancer drug, and GlaxoSmithKline followed in June with a deal valued at up to $12 billion with Hengrui. Chinese companies now run about a third of the world's clinical trials, up from 5% a decade ago.

An anonymous reader quotes a report from the Conversation: The line between human and machine authorship is blurring, particularly as it's become increasingly difficult to tell whether something was written by a person or AI. Now, in what may seem like a tipping point, the digital marketing firm Graphite recently published a study showing that more than 50% of articles on the web are being generated by artificial intelligence. [...]

It's important to clarify what's meant by "online content," the phrase used in the Graphite study, which analyzed over 65,000 randomly selected articles of at least 100 words on the web. These can include anything from peer-reviewed research to promotional copy for miracle supplements. A closer reading of the Graphite study shows that the AI-generated articles consist largely of general-interest writing: news updates, how-to guides, lifestyle posts, reviews and product explainers.

The primary economic purpose of this content is to persuade or inform, not to express originality or creativity. Put differently, AI appears to be most useful when the writing in question is low-stakes and formulaic: the weekend-in-Rome listicle, the standard cover letter, the text produced to market a business. A whole industry of writers -- mostly freelance, including many translators -- has relied on precisely this kind of work, producing blog posts, how-to material, search engine optimization text and social media copy. The rapid adoption of large language models has already displaced many of the gigs that once sustained them.

The dramatic loss of this work points toward another issue raised by the Graphite study: the question of authenticity, not only in identifying who or what produced a text, but also in understanding the value that humans attach to creative activity. How can you distinguish a human-written article from a machine-generated one? And does that ability even matter? Over time, that distinction is likely to grow less significant, particularly as more writing emerges from interactions between humans and AI... "If you set aside the more apocalyptic scenarios and assume that AI will continue to advance -- perhaps at a slower pace than in the recent past -- it's quite possible that thoughtful, original, human-generated writing will become even more valuable," writes author Francesco Agnellini, in closing.

"Put another way: The work of writers, journalists and intellectuals will not become superfluous simply because much of the web is no longer written by humans."

The Securities and Exchange Commission's possible plan to grant crypto companies relief from regulation to sell "tokenised" stocks risks harming investors, a group of stock exchanges said in a letter to the U.S. regulator this week. From a report: Several crypto companies plan to sell crypto tokens linked to listed equities to retail investors who want to get exposure to stocks without owning them directly. But to sell the products in the U.S., crypto companies which are not registered as broker-dealers would need the SEC to give them a no-action letter or an exemption.

SEC Chair Paul Atkins has said the agency is working on crafting an "innovation exemption" from securities laws which would enable crypto players to experiment with new business models. The World Federation of Exchanges (WFE), a group whose members include the U.S. Nasdaq and Germany's Deutsche Boerse, said in a letter dated November 21 that an exemption could create market integrity risks and undermine investor protections. "The SEC should avoid granting exemptions to firms attempting to bypass regulatory principles that have safeguarded markets for decades," WFE CEO Nandini Sukumar told Reuters.

OpenAI will need to raise at least $207 billion in new funding by 2030 to sustain operations while continuing to lose money, according to a new analysis from HSBC that models the company's cloud computing commitments against projected revenue. The bank's US software team updated its forecasts after OpenAI announced a $250 billion cloud compute rental deal with Microsoft in late October and a $38 billion deal with Amazon days later, bringing total contracted compute capacity to 36 gigawatts.

HSBC projects cumulative rental costs of $792 billion through 2030. Revenue growth remains strong in the model -- the bank expects OpenAI to reach 3 billion users by decade's end, up from roughly 800 million today -- but costs rise in lockstep, meaning OpenAI will still be subsidizing users well into the next decade. If revenue growth disappoints and investors turn cautious, the company's best option might be walking away from some data center commitments.

HP plans to cut 4,000-6,000 jobs by 2028 "as part of a plan to streamline operations and adopt artificial intelligence," reports Reuters. From the report: HP's teams focused on product development, internal operations and customer support will be impacted by the job cuts, CEO Enrique Lores said during a media briefing call. "We expect this initiative will create $1 billion in gross run rate savings over three years," Lores added. The company laid off an additional 1,000 to 2,000 employees in February, as part of a previously announced restructuring plan. Demand for AI-enabled PCs has continued to ramp externally, reaching over 30% of HP's shipments in the fourth quarter ended October 31.

An anonymous reader quotes a report from PCMag: Four new features are coming to Google Maps, including a way to hide your identity in reviews. Maps will soon let you use a nickname and select an alternative profile picture for online reviews, so you can rate a business without linking it to full name and Google profile photo. Google says it will monitor for "suspicious and fake reviews," and every review is still associated with an account on Google's backend, which it believes will discourage bad actors.

Look for a new option under Your Profile that says Use a custom name & picture for posting. You'll then be able to pick an illustration to represent you and add a nickname. Google didn't explain why it is introducing anonymous reviews; it pitched the idea as a way to be a business's "Secret Santa." Some users are nervous to publicly post reviews for local businesses as it may be used to track their location or movements. It may encourage more people to contribute honest feedback to its platform, for better or worse. Further reading: Gemini AI To Transform Google Maps Into a More Conversational Experience

An anonymous reader quotes a report from TechCrunch: Several U.S. banking giants and mortgage lenders are reportedly scrambling to assess how much of their customers' data was stolen during a cyberattack on a New York financial technology company earlier this month. SitusAMC, which provides technology for over a thousand commercial and real estate financiers, confirmed in a statement over the weekend that it had identified a data breach on November 12. The company said that unspecified hackers had stolen corporate data associated with its banking customers' relationship with SitusAMC, as well as "accounting records and legal agreements" during the cyberattack.

The statement added that the scope and nature of the cyberattack "remains under investigation." SitusAMC said that the incident is "now contained," and that its systems are operational. The company said that no encrypting malware was used, suggesting that the hackers were focused on exfiltrating data from the company's systems rather than causing destruction. According to Bloomberg and CNN, citing sources, SitusAMC sent data breach notifications to several financial giants, including JPMorgan Chase, Citigroup, and Morgan Stanley. SitusAMC also counts pension funds and state governments as customers, according to its website.

It's unclear how much data was taken, or how many U.S. banking consumers may be affected by the breach. Companies like SitusAMC may not be widely known outside of the financial world, but provide the mechanisms and technologies for its banking and real estate customers to comply with state and federal rules and regulations. In its role as a middleman for financial clients, the company handles vast amounts of non-public banking information on behalf of its customers. According to SitusAMC's website, the company processes billions of documents related to loans annually.

Up to 3 million low-skilled jobs could disappear in the UK by 2035 because of automation and AI, according to a report by a leading educational research charity. The Guardian: The jobs most at risk are those in occupations such as trades, machine operations and administrative roles, the National Foundation for Educational Research (NFER) said. Highly skilled professionals, on the other hand, were forecast to be more in demand as AI and technological advances increase workloads "at least in the short to medium term."

Overall, the report expects the UK economy to add 2.3 million jobs by 2035, but unevenly distributed. The findings stand in contrast to other recent research suggesting AI will affect highly skilled, technical occupations such as software engineering and management consultancy more than trades and manual work.

Chinese automakers may not be able to sell their electric vehicles in the United States due to steep tariffs and software restrictions, but they have found an alternative path to American eyeballs through a coordinated campaign targeting car influencers on YouTube, TikTok, and Instagram. The effort, the Verge reports, is largely organized by DCar Studio, a platform that invites US-based creators to Los Angeles to test-drive vehicles from brands like BYD, Geely and Xiaomi. DCar is actually Dongchedi, a car trading platform owned by TikTok parent ByteDance that raised $600 million on a $3 billion valuation in 2024. The strategy appears aimed at building global brand awareness rather than direct US sales.

Mark Greeven, professor at IMD Business School, told The Verge that American influencers still shape opinions across the Western world. "The charm offensive is to work with American influencers about Chinese EV cars because we still have a dominant opinion in the Western world, which is formed by English-speaking influential figures on social media," he said. Several creators told The Verge they have heard rumors of undisclosed payments for positive coverage.

An anonymous reader quotes a report from the BBC: The island of Hokkaido has long been an agricultural powerhouse -- now Japan is investing billions to turn it into a global hub for advanced semiconductors. More than half of Japan's dairy produce comes from Hokkaido, the northernmost of its main islands. In winter, it's a wonderland of ski resorts and ice-sculpture festivals; in summer, fields bloom with bands of lavender, poppies and sunflowers. These days, cranes are popping up across the island -- building factories, research centers and universities focused on technology. It's part of Japan's boldest industrial push in a generation: an attempt to reboot the country's chip-making capabilities and reshape its economic future.

Locals say that beyond the cattle and tourism, Hokkaido has long lacked other industries. There's even a saying that those who go there do so only to leave. But if the government succeeds in turning Hokkaido into Japan's answer to Silicon Valley -- or "Hokkaido Valley", as some have begun to call it -- the country could become a new contender in the $600 billion race to supply the world's computer chips. At the heart of the plan is Rapidus, a little-known company backed by the government and some of Japan's biggest corporations including Toyota, Softbank and Sony.

Born out of a partnership with IBM, it has raised billions of dollars to build Japan's first cutting-edge chip foundry in decades. The government has invested $12 billion in the company, so that it can build a massive semiconductor factory or "fab" in the small city of Chitose. In selecting the Hokkaido location, Rapidus CEO Atsuyoshi Koike points to Chitose's water, electricity infrastructure and its natural beauty. Mr Koike oversaw the fab design, which will be completely covered in grass to harmonize with Hokkaido's landscape, he told the BBC. Local authorities have also flagged the region as being at lower risk of earthquakes compared to other potential sites in Japan.

Amazon is committing up to $50 billion to massively expand AI and supercomputing capacity for U.S. government cloud regions, adding 1.3 gigawatts of high-performance compute and giving federal agencies access to its full suite of AI tools. Reuters reports: The project, expected to break ground in 2026, will add nearly 1.3 gigawatts of artificial intelligence and high-performance computing capacity across AWS Top Secret, AWS Secret and AWS GovCloud regions by building data centers equipped with advanced compute and networking technologies. The project, expected to break ground in 2026, will add nearly 1.3 gigawatts of artificial intelligence and high-performance computing capacity across AWS Top Secret, AWS Secret and AWS GovCloud regions by building data centers equipped with advanced compute and networking technologies.

Under the latest initiative, federal agencies will gain access to AWS' comprehensive suite of AI services, including Amazon SageMaker for model training and customization, Amazon Bedrock for deploying models and agents, as well as foundation models such as Amazon Nova and Anthropic Claude. The federal government seeks to develop tailored AI solutions and drive cost-savings by leveraging AWS' dedicated and expanded capacity.

An anonymous reader shares a report: The average American now holds onto their smartphone for 29 months, according to a recent survey by Reviews.org, and that cycle is getting longer. The average was around 22 months in 2016.

[...] Research released by the Federal Reserve last month concludes that each additional year companies delay upgrading equipment results in a productivity decline of about one-third of a percent, with investment patterns accounting for approximately 55% of productivity gaps between advanced economies.

The good news: businesses in the U.S. are generally quicker to reinvest in replacing aging equipment. The Federal Reserve report shows that if European productivity had matched U.S. investment patterns starting in 2000, the productivity gap between the U.S and European economic heavyweights would have been reduced by 29 percent for the U.K., 35 percent for France, and 101% for Germany.

Curiosity Stream, the decade-old science documentary streaming service founded by Discovery Channel's John Hendricks, expects its AI licensing business to generate more revenue than its 23 million subscribers by 2027 -- possibly earlier. The company's Q3 2025 earnings revealed a 41% year-over-year revenue increase, driven largely by deals licensing its content to train large language models. Year-to-date AI licensing brought in $23.4 million through September, already exceeding half of what the subscription business generated for all of 2024.

The streaming service's library contains 2 million hours of content, but the "overwhelming majority" is earmarked for AI licensing rather than subscriber viewing, CEO Clint Stinchcomb said during the earnings call. Curiosity Stream is licensing 300,000 hours of its own programming and 1.7 million hours of third-party content to hyperscalers and AI developers. The company has completed 18 AI-related deals across video, audio, and code assets.

An anonymous reader shared this report from Forbes: On November 20, at approximately 4 p.m. Eastern time, Napster held an online meeting for its shareholders; an estimated 700 of roughly 1,500 including employees, former employees and individual investors tuned in. That's when its CEO John Acunto told everyone he believed that the never-identified big investor — who the company had insisted put in $3.36 billion at a $12 billion valuation in January, which would have made it one of the year's biggest fundraises — was not going to come through.

In an email sent out shortly after, it told existing investors that some would get a bigger percentage of the company, due to the canceled shares, and went on to describe itself as a "victim of misconduct," adding that it was "assisting law enforcement with their ongoing investigations." As for the promised tender offer, which would have allowed shareholders to cash out, that too was called off. "Since that investor was also behind the potential tender, we also no longer believe that will occur," the company wrote in the email.

At this point it seems unlikely that getting bigger stakes in the business will make any of the investors too happy. The company had been stringing its employees and investors along for nearly a year with ever-changing promises of an impending cash infusion and chances to sell their shares in a tender offer that would change everything. In fact, it was the fourth time since 2022 they've been told they could soon cash out via a tender offer, and the fourth time the potential deal fell through. Napster spokesperson Gillian Sheldon said certain statements about the fundraise "were made in good faith based on what we understood at the time. We have since uncovered indications of misconduct that suggest the information provided to us then was not accurate."
The article notes America's Department of Justice has launched an investigation (in which Napster is not a target), while the Securities and Exchange Commission has a separate ongoing investigation from 2022 into Napster's scrapped reverse merger.

While Napster announced they'd been acquired for $207 million by a tech company named Infinite Reality, Forbes says that company faced "a string of lawsuits from creditors alleging unpaid bills, a federal lawsuit to enforce compliance with an SEC subpoena (now dismissed) and exaggerated claims about the extent of their partnerships with Manchester City Football Club and Google. The company also touted 'top-tier' investors who never directly invested in the firm, and its anonymous $3 billion investment that its spokesperson told Forbes in March was in "an Infinite Reality account and is available to us" and that they were 'actively leveraging' it..."

And by the end, "Napster appears to have been scrambling to raise cash to keep the lights on, working with brokers and investment advisors including a few who had previously gotten into trouble with regulators.... If it turns out that Napster knew the fundraise wasn't happening and it benefited from misrepresenting itself to investors or acquirees, it could face much bigger problems. That's because doing so could be considered securities fraud."

An anonymous reader shared this report from Sky News: A new wind record has been set for Britain, with enough electricity generated from turbines to power 22 million homes, the system operator has said.

The mark of 22,711 megawatts (MW) was set at 7.30pm on 11 November... enough to keep around three-quarters of British homes powered, the National Energy System Operator (Neso) said. The country had experienced windy conditions, particularly in the north of England and Scotland...

Neso has predicted that Britain could hit another milestone in the months ahead by running the electricity grid for a period entirely with zero carbon power, renewables and nuclear... Neso said wind power is now the largest source of electricity generation for the UK, and the government wants to generate almost all of the UK's electricity from low-carbon sources by 2030.
"Wind accounted for 55.7 per cent of Britain's electricity mix at the time..." reports The Times: Gas provided only 12.5 per cent of the mix, with 11.3 per cent coming from imports over subsea power cables, 8 per cent from nuclear reactors, 8 per cent from biomass plants, 1.4 per cent from hydroelectric plants and 1.1 per cent from storage.

Britain has about 32 gigawatts of wind farms installed, approximately half of that onshore and half offshore, according to the Wind Energy Database from the wind industry body Renewable UK. That includes five of the world's biggest offshore wind farms. The government is seeking to double onshore wind and quadruple offshore wind power by 2030 as part of its plan for clean energy....

Jane Cooper, deputy chief executive of Renewable UK, said: "On a cold, dark November evening, wind was generating enough electricity to power 80 per cent of British homes when we needed it most.

An anonymous reader quotes a report from Bloomberg: Malaysia's palm oil giants, long-blamed for razing rainforests, fueling toxic haze and driving orangutans to the brink of extinction, are recasting themselves as unlikely champions in a different, potentially greener race: the quest to lure the world's AI data centers to the Southeast Asian country (source paywalled; alternative source). Palm oil companies are earmarking some of the vast tracts of land they own for industrial parks studded with data centers and solar panels, the latter meant to feed the insatiable energy appetites of the former. The logic is simple: data centers are power and land hogs. By 2035, they could demand at least five gigawatts of electricity in Malaysia -- almost 20% of the country's current generation capacity and roughly enough to power a major city like Miami. Malaysia also needs space to house server farms, and palm oil giants control more land than any other private entity in the country.

The country has been at the heart of a regional data center boom. Last year, it was the fastest-growing data center market in the Asia-Pacific region and roughly 40% of all planned capacity in Southeast Asia is now slated for Malaysia, according to industry consultant DC Byte. Over the past four years, $34 billion in data center investments has poured into the country -- Alphabet's Google committed $2 billion, Microsoft announced a $2.2 billion investment and Amazon is spending $6.2 billion, to name a few. The government aims for 81 data centers by 2035. The rush is partly a spillover from Singapore, where a years-long moratorium on new centers forced operators to look north. Johor, just across the causeway, is now a hive of construction cranes and server farms -- including for firms such as Singapore Telecommunications, Nvidia and ByteDance. But delivering on government promises of renewable power is proving harder.

The strains are already being felt in Malaysia's data center capital. Sedenak Tech Park, one of Johor's flagship sites, is telling potential tenants they'll need to wait until the fourth quarter of 2026 for promised water and power hookups under its second-phase expansion, according to DC Byte. The vacancy rate in Johor's live facilities is just 1.1%, according to real estate consultant Knight Frank. Despite its rapid growth, the market is nowhere near saturation, with six gigawatts of capacity expected to be built out over time, said Knight Frank's head of data centers for Asia Pacific, Fred Fitzalan Howard. That potential bottleneck has incentivized palm oil majors such as SD Guthrie Bhd. to pitch themselves as both landowners and green-power suppliers. The $8.9 billion palm oil producer, SD Guthrie, is the world's largest palm oil planter by acreage, with more than 340,000 hectares in Malaysia. "SD Guthrie is pivoting to solar farms and industrial parks, betting that tech giants hungry for server space will prefer sites with ready access to renewable energy," reports Bloomberg. "The company has reserved 10,000 hectares for such projects over the next decade, starting with clearing old rubber estates and low-yielding palm plots in areas near data center and semiconductor investment hubs."

"The company's calculation is based on this: one megawatt of solar requires about 1.5 hectares. Helmy said SD Guthrie wants one gigawatt in operation within three years, enough to power up to 10 hyperscale data centers used for AI computing. The new business is expected to make up about a third of its profits by the end of the decade."

Amazon's 14,000-plus layoffs announced last month touched almost every piece of the company's sprawling business, from cloud computing and devices to advertising, retail and grocery stores. But one job category bore the brunt of cuts more than others: engineers. CNBC: Documents filed in New York, California, New Jersey and Amazon's home state of Washington showed that nearly 40% of the more than 4,700 job cuts in those states were engineering roles. The data was reported by Amazon in Worker Adjustment and Retraining Notification, or WARN, filings to state agencies. The figures represent a segment of the total layoffs announced in October. Not all data was immediately available because of differences in state WARN reporting requirements.

An anonymous reader quotes a report from Ars Technica: Some Dell and HP laptop owners have been befuddled by their machines' inability to play HEVC/H.265 content in web browsers, despite their machines' processors having integrated decoding support. Laptops with sixth-generation Intel Core and later processors have built-in hardware support for HEVC decoding and encoding. AMD has made laptop chips supporting the codec since 2015. However, both Dell and HP have disabled this feature on some of their popular business notebooks.

HP discloses this in the data sheets for its affected laptops, which include the HP ProBook 460 G11 [PDF], ProBook 465 G11 [PDF], and EliteBook 665 G11 [PDF]. "Hardware acceleration for CODEC H.265/HEVC (High Efficiency Video Coding) is disabled on this platform," the note reads. Despite this notice, it can still be jarring to see a modern laptop's web browser eternally load videos that play easily in media players. HP and Dell didn't explain why the companies disabled HEVC hardware decoding on their laptops' processors.

A statement from an HP spokesperson said: "In 2024, HP disabled the HEVC (H.265) codec hardware on select devices, including the 600 Series G11, 400 Series G11, and 200 Series G9 products. Customers requiring the ability to encode or decode HEVC content on one of the impacted models can utilize licensed third-party software solutions that include HEVC support. Check with your preferred video player for HEVC software support."

Dell's media relations team shared a similar statement: "HEVC video playback is available on Dell's premium systems and in select standard models equipped with hardware or software, such as integrated 4K displays, discrete graphics cards, Dolby Vision, or Cyberlink BluRay software. On other standard and base systems, HEVC playback is not included, but users can access HEVC content by purchasing an affordable third-party app from the Microsoft Store. For the best experience with high-resolution content, customers are encouraged to select systems designed for 4K or high-performance needs."

IBM and Cisco plan to link quantum computers over long distances by the early 2030s, "with the goal of demonstrating the concept is workable by the end of 2030," reports Reuters. "The move could pave the way for a quantum internet, though executives at the two companies cautioned that the networks would require technologies that do not currently exist and will have to be developed with the help of universities and federal laboratories." From the report: The challenge begins with a problem: Quantum computers like IBM's sit in massive cryogenic tanks that get so cold that atoms barely move. To get information out of them, IBM has to figure out how to transform information in stationary "qubits" -- the fundamental unit of information in a quantum computer -- into what Jay Gambetta, director of IBM Research and an IBM fellow, told Reuters are "flying" qubits that travel as microwaves.

But those flying microwave qubits will have to be turned into optical signals that can travel between Cisco switches on fiber-optic cables. The technology for that transformation -- called a microwave-optical transducer -- will have to be developed with the help of groups like the Superconducting Quantum Materials and Systems Center, led by the Fermi National Accelerator Laboratory near Chicago, among others. Along the way, Cisco and IBM will also publish open-source software to weave all the parts together.

alternative_right shares a report from Phys.org: New research from the Human Capital Development Lab at the Johns Hopkins Carey Business School analyzes the state of the American workforce in 2024 and shows an overall decline in employee well-being compared to years prior. [...] The latest research confirms a decline in general employee well-being since 2020. In 2024, employees reported the lowest well-being scores on record, as opposed to 2020, when employees reported the highest well-being scores.

"In some cases, the lower scores represent a reduction in employee flexibility for either flexible hours or remote work," the latest research states. "In other cases, these scores could be related to challenges associated with greater economic shifts related to inflation or productivity needs." In prior years, well-being scores for managers and employees were comparable to one another, and during the pandemic, managers and top leaders often reported lower scores due to the extra burden of that time period. However, one of the most noteworthy shifts the current data shows is a rise in well-being scores for managers and senior leaders, while well-being for employees and individual contributors decreased in 2024.

Rick Smith, director of the Human Capital Development Lab and author of the study, says that the increase in well-being scores for managers could reflect the return to regular operating conditions since the pandemic, which may be indicative of the distance between leadership and workers. "What we're seeing is a growing gap between how leaders and their teams experience the workplace," said Smith. "Managers may feel a return to normalcy, but that doesn't mean their employees do. Leaders must be cautious not to assume their own well-being reflects the broader workforce at their organization. The data shows a potential disconnect, and that's a signal for action."