Intellectia News

In 1896 the Dow Jones Industrial Average (or DJIA) was created as a kind of proxy indicator for the wider stock market. "A stock is typically added only if the company has an excellent reputation, demonstrates sustained growth and is of interest to a large number of investors," according to a source cited by Yahoo Finance. Its mix of stocks might be informally considered a sign of the times, since it's made up of 30 stocks that according to Wikipedia have been changed only 57 times over the last 128 years. Wait — make that 58.... CNBC reports that NVIDIA is replacing Intel in the DJIA, "a shakeup to the blue-chip index that reflects the boom in AI and a major shift in the semiconductor industry." Companies including Microsoft, Meta, Google and Amazon are purchasing Nvidia's GPUs, such as the H100, in massive quantities to build clusters of computers for their AI work. Nvidia's revenue has more than doubled in each of the past five quarters, and has at least tripled in three of them. The company has sginaled that demand for its next-generation AI GPU called Blackwell is "insane...." While Nvidia has been soaring, Intel has been slumping. Long the dominant maker of PC chips, Intel has lost market share to Advanced Micro Devices and has made very little headway in AI. Intel shares have fallen by more than half this year as the company struggles with manufacturing challenges and new competition for its central processors. Intel said in a filing this week that the board's audit and finance committee approved cost and capital reduction activities, including lowering head count by 16,500 employees and reducing its real estate footprint. The job cuts were originally announced in August." The DJIA will now include four of six tech companies worth $1 trillion — Apple, Microsoft, NVIDIA, and Amazon (which joined in February, replacing the owners of the Walgreens pharmacy chain). The other two trillion-dollar tech companies (not included in the DJIA) are Meta and Alphabet. Adding NVIDIA to the DJIA will ensure "more representative exposure to the semiconductors industry" within the average, the index's curators told the Washington Post. And also leaving the DJIA is power-generation company AES (which according to CNBC had a power mix of 54% renewables, 27% natural gas, 17% coal). It will be replaced by Vistra, defined by Wikipedia as America's largest competitive power generator, "with a capacity of approximately 39GW powered by a diverse portfolio including natural gas, nuclear, solar, and battery energy storage facilities." In the 2020 Forbes Global 2000, Vistra Energy was ranked as the 756th-largest public company in the world. The company owns the Moss Landing Power Plant in California which currently (2021) contains the largest battery energy storage system in the world (400-MW/1,600-MWh). As of 2020, the company was ranked as the highest CO2 emitter in the U.S. Read more of this story at Slashdot.

The free face-image search engine PimEyes "scans through billions of images from the internet and finds matches of your photo that could have appeared in a church bulletin or a wedding photographer's website," -us/news/technology/they-made-a-public-rolodex-of-our-faces-here-s-how-i-tried-to-get-out/ar-AA1tlpPuwrites a Washington Post columnist. So to find and delete themselves from "the PimEyes searchable Rolodex of faces," they "recently handed over a selfie and a digital copy of my driver's license to a company I don't trust." PimEyes says it empowers people to find their online images and try to get unwanted ones taken down. But PimEyes face searches are largely open to anyone with either good or malicious intent. People have used PimEyes to identify participants in the Jan. 6, 2021, attack on the Capitol, and creeps have used it to publicize strangers' personal information from just their image. The company offers an opt-out form to remove your face from PimEyes searches. I did it and resented spending time and providing even more personal information to remove myself from the PimEyes repository, which we didn't consent to be part of in the first place. The increasing ease of potentially identifying your name, work history, children's school, home address and other sensitive information from one photo shows the absurdity of America's largely unrestrained data-harvesting economy. While PimEyes' CEO said they don't keep the information you provide to opt-out, "you give PimEyes at least one photo of yourself plus a digital copy of a passport or ID with personal details obscured..." according to the article. (PimEyes' confirmation email "said I might need to repeat the opt-out with more photos...") Some digital privacy experts said it's worth opting out of PimEyes, even if it's imperfect, and that PimEyes probably legitimately needs a personal photo and proof of identity for the process. Others found it "absurd" to provide more information to PimEyes... or they weren't sure opting out was the best choice... Experts said the fundamental problem is how much information is harvested and accessible without your knowledge or consent from your phone, home speakers, your car and information-organizing middlemen like PimEyes and data brokers. Nathan Freed Wessler, an American Civil Liberties Union attorney focused on privacy litigation, said laws need to change the assumption that companies can collect almost anything about you or your face unless you go through endless opt-outs. "These systems are scary and abusive," he said. "If they're going to exist, they should be based on an opt-in system." Read more of this story at Slashdot.