"Along with the dangers of continuing cyberattacks, the International Monetary Fund (IMF) reports that the threat of an AI market crash is putting the global markets at risk," writes Slashdot reader databasecowgirl, citing the IMF's latest semiannual Global Financial Stability Report. Here's a summary: Three salient risks could trigger a sharp tightening of financial conditions and market turmoil. Weaker or less durable investment and profitability in artificial intelligence could lead to a correction in AI-related asset prices, amplified by rising leverage and concentrated exposures. Resurgent inflation or fiscal concerns could drive a sharp rise in sovereign bond yields, with potentially broad repercussions across financial markets. Meanwhile, increasingly sophisticated cyber threats pose growing risks as finance becomes more digital and interconnected.

Underlying financial vulnerabilities could amplify these risks and turn market stress into systemic events. Although the global banking system remains broadly resilient, pockets of weaker banks persist. Liquidity mismatches among insurers and pension funds have increased, while rising leverage and contingent liquidity risks in private credit could amplify stress.

While hedge funds support market functioning in calm times, their use of leverage and exposure to crowded trades could exacerbate market stress too and create spillovers to prime brokers. Some emerging markets have seen policy buffers erode, and frontier economies have increasingly relied on less transparent forms of financing.

Finally, although markets for tokenized assets remain small and could offer efficiency gains in several areas, they can create new channels for the buildup of leverage and mismatches in liquidity and maturity, in addition to elevating risks related to technology and infrastructure. These vulnerabilities underscore the need for policies that strengthen resilience, enhance transparency, contain excessive leverage, and improve preparedness for future shocks. The full report can be found here (PDF).

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An anonymous reader quotes a report from TechCrunch: Flock's founder and CEO Garrett Langley doesn't think the risks of introducing surveillance technology at scale outweigh the rewards. "If we want to live in a society where, if you commit a crime, you have a higher probability of being held accountable, we shouldn't pause progress," Langley said, speaking onstage during a panel at TechCrunch Disrupt 2026 in San Francisco on Wednesday.

During the interview, the controversial founder of the surveillance maker of license plate cameras and other recording devices deflected hard questions about the criticism Flock now faces -- which has since led to canceled contracts and even layoffs. Instead, Langley tended to respond to questions with anecdotes from conversations with police chiefs and city leaders across the United States, and tales of the supposed numerous crimes Flock has solved, rather than offer tangible solutions to people's concerns.

In doing so, Langley positioned Flock as an advance in technology that was somewhat inevitable. He stressed that if people wanted to live in a better society -- that is, one with reduced crime -- they would have to offer up their privacy in return. [...] "Technology, at its core, in its definition, is just doing things better. It's not doing things perfect," he said. "Driverless cars, I think, is a fair analogy. Driverless cars, I think, are definitively safer than human drivers. And when there's one accident, I don't think the answer is to shut down driverless cars. The answer is to say, 'Hey, let's talk about how we prevent more accidents in the future.'"

[...] From Langley's answers, it's clear that the ethics around how Flock should be used is a decision he would much rather leave up to others. "We don't want to tell city leaders how to do their job," he noted. "We will provide recommendations, we'll provide defaults, but we're going to minimize the number of mandated features, functions, and policies," he said. Langley went on to argue that society too often judges technology "not on how it compares to the past, but how it compares to perfect." He acknowledged that "Flock is far from perfect" but maintained that its technology helps police departments compensate for staffing shortages and improve public safety.

When pressed about potential abuse and privacy concerns, Langley offered few specifics, instead arguing that safeguards could be implemented without disrupting police operations. He insisted the benefits of what Flock offers outweigh the controversy. "There's millions and millions of people who have a better life today because [of] Flock," he said, adding that "it's worth it because one day they might be a victim."

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Citizen Lab says it has documented the first publicly confirmed case of zero-click mercenary spyware being delivered through targeted online ads, a technique it calls "AdFection." "There has been a lot of buzz that online ads can be used to identify and automatically hack targets with pinpoint precision, but now for the first time, we have concrete technical evidence showing this process in action," said Bill Marczak, a researcher at Citizen Lab. The Guardian reports: Citizen Lab, a digital investigations research unit at the University of Toronto, said it believed dozens of devices at the Qatari broadcaster Al Jazeera had been compromised by spyware delivered through ads run by Discover-Tech, which describes itself as a specialised digital advertising agency. According to Citizen Lab, Discover-Tech operates a software platform called Controlium that allows its clients to "mass-profile and deanonymize" internet users then covertly hack targets with third-party spyware. Unlike infections that rely on people interacting with links or files, the spyware requires no interaction from the victim to be installed, making it a new delivery technique, Citizen Lab says. The infections happen without a user's knowledge, and in a matter of seconds, according to Citizen Lab.

"[The online advertising] ecosystem is being weaponized at a massive scale to profile millions of users, then silently infect targets with zero-click mercenary spyware," the report says. According to the report, Controlium is able to harvest a user's identity and IP address when the user is shown a seemingly benign custom-created ad -- for example, for a digital game or a telecoms service. If the user has been selected as a target for hacking, a mercenary spyware firm can then send a malicious code containing spyware to their device, the researchers say. They say that millions of users worldwide have been served ads by Discover-Tech since 2024, including in Yemen, Brazil, Mexico and Czechia. [...] The full extent of the targeting allegedly enabled by Discover-Tech is unknown. Citizen Lab's findings join mounting evidence that the opaque arrangements underpinning the world of online advertising can be leveraged for surveillance.

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Meta has released Muse Spark Open, an 816-billion-parameter open-weight model optimized to run locally across two 512GB M5 Ultra Mac Studios using Apple's MLX framework. Meta says it's the "most capable U.S. open-weight model to date." MacRumors reports: Muse Spark Open has 816 billion total parameters with 42 billion active parameters and a 1 million-token context window. It is meant for coding and agentic work, and Meta says it excels at extended tasks, multi-step reasoning, and software engineering. The new Muse model was tuned to run on Mac Studio, and Meta says the Mac Studio paired with Muse Spark Open is the "best way to run a powerful model on your own desktop."

From Meta: "Apple's unified memory architecture lets the M5 Ultra's integrated GPU use up to 512 GB per Mac Studio, so two machines can hold an entire model. And the chip's 1.2 TB/s of memory bandwidth is fast enough to read the small slice each token needs. The result is two Mac Studios behave like one supercomputer with a terabyte of unified memory." Apple hasn't released the 512GB Mac Studio as of yet, but it's supposed to be coming later this month. It won't be cheap, because the 256GB Mac Studio is already priced over $10,000.

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DJ Krush

John from Brisbane has added a photo to the pool:

Probably the last time we had any decent rain was on the day of this image back in early June. Winter in Brisbane is typically our dry season and it has certainly been so this year. We have had a few falls overnight with better in the west and more predicted (if you believe in the BOM!*) over the next few days. This is an early morning shot looking south-east over the mouth of Cabbage Tree Creek in Shorncliffe, Brisbane.

* Bureau of Meteorology

Peter Kernwein posted a photo:

Peter Kernwein posted a photo:

Peter Kernwein posted a photo:

Peter Kernwein posted a photo:

Peter Kernwein posted a photo:

Greg Adams Photography posted a photo:

and summer for that matter - hard to tell the difference...

London, England, 2026

Thomas Hawk posted a photo:

Thomas Hawk posted a photo:

Thomas Hawk posted a photo:

Thomas Hawk posted a photo:

Thomas Hawk posted a photo:

Komt er dan toch een deal over de Europese meerjarenbegroting? De onderhandelingen zitten nog muurvast, maar er gloort weer hoop.

At least two people have been hospitalized, and police say suspected shooter was killed at the scene

Multiple people, including children, were injured in a Thursday shooting at an elementary school in Bend, Oregon, police confirmed during a press conference.

The suspected gunman is dead, according to Bend police spokesperson Sheila Miller.

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