Carl Rinsch, the director behind the 2013 Keanu Reeves film "47 Ronin," has been found guilty of defrauding Netflix out of $11 million that was meant to fund a science fiction series called "Conquest," which the streaming company ultimately cancelled in 2021 after Rinsch failed to meet any production milestones. A jury in the Southern District of New York convicted the 48-year-old on seven charges: one count each of wire fraud and money laundering, and five counts of transacting in illicitly obtained property.

Prosecutors alleged that Rinsch funneled the $11 million through multiple bank accounts into a personal brokerage account, lost more than half of it on securities within two months, and then began speculating on cryptocurrency. Court records show he also spent $2.4 million on a Ferrari and five Rolls Royces, $3.3 million on furniture and antiques, and $387,000 on a Swiss watch. Netflix has written off $55 million in total and has not recovered any funds. Rinsch faces up to 90 years in prison and is scheduled for sentencing on April 17, 2026.

Major automakers have urged Washington to prevent Chinese government-backed automakers and battery manufacturers from opening U.S. manufacturing plants, warning the industry's future is at stake. From a report: The Alliance for Automotive Innovation, which represents General Motors, Ford, Toyota Motor, Volkswagen, Hyundai, Stellantis and other major automakers, sounded the alarm and said Congress and the Trump administration needed to act.

"China poses a clear and present threat to the auto industry in the U.S.," the group wrote in a statement for a U.S. House hearing on Chinese vehicles. The group also said lawmakers should maintain the U.S. Commerce Department's prohibition on importing information and communications technology and services from China that effectively bars the import of vehicles from Chinese manufacturers. "No amount of investment by automakers and battery manufacturers operating inside the U.S. can counter a China that is enabled by subsidies to chronically oversupply around the world. This is a recipe for dumping that Congress and the Trump Administration must prevent from happening inside the U.S.," the auto industry group said.

An anonymous reader quotes a report from the Guardian: Reddit has filed a challenge against Australia's under-16s social media ban in the high court, lodging its case two days after implementing age restrictions on its website. The company said in a Reddit post on Friday that while it agreed with protecting people under 16, the law "has the unfortunate effect of forcing intrusive and potentially insecure verification processes on adults as well as minors, isolating teens from the ability to engage in age-appropriate community experiences."

Reddit said there was an "illogical patchwork" of platforms included in the ban. "As the Australian Human Rights Commission put it, 'There are less restrictive alternatives available that could achieve the aim of protecting children and young people from online harms, but without having such a significant negative impact on other human rights.'" Reddit argued it was a forum primarily for adults without the traditional social media features the government has "taken issue with."

Reddit was challenging the law on the grounds it infringed on the implied freedom of political communication. It was also seeking to challenge whether Reddit could be considered an age-restricted social media platform under the legislation. It said it was not seeking to challenge the law to avoid compliance, and had implemented age-assurance measures since Wednesday. The company said the vast majority of Redditors were adults, and advertising wasn't targeted to children under 18. The Apple app store age rating for Reddit is 17+. "Despite the best intentions, this law is missing the mark on actually protecting young people online," Reddit said. "So, while we will comply with this law, we have a responsibility to share our perspective and see that it is reviewed by the courts."

The SEC has granted the Depository Trust & Clearing Corp., or DTCC, a no-action letter allowing it to custody and recognize tokenized stocks, ETFs, and Treasuries on approved blockchains for three years. "Although this program is a pilot subject to various operational limitations, it marks a significant incremental step in moving markets onchain," SEC Commissioner Hester Peirce said in a statement. Bloomberg reports: With the permission, DTCC will also extend their record-keeping to the blockchain, Michael Winnike, global head of strategy and market solutions at DTCC Clearing & Securities Services, said in an interview. "It's the same legal entitlement, the same stock that you would hold in your account from the DTCC in traditional form," Winnike said. [...] The SEC's authorization of tokenization services only applies to a specific set of securities that trade often. The approval includes the Russell 1000 index which represents the 1,000 largest publicly traded US companies, as well as exchange-traded funds that track major indices and US Treasury bills, bonds and notes, Winnike said. "This allows us both to create value for the markets, while staying in a pre-defined pool of highly-liquid securities to start," said Winnike. The firm's ultimate aspiration is to add its entire depository, which represents $100 trillion in securities, to the blockchain, a move that would require further expansion of the no-action relief from the SEC, he said.

Winnike said the tokenization service will help bridge the traditional and digital worlds in part because the new technology will have the same legal entitlements and controls as traditional markets, including freezing or forced transfers if assets are stolen. "This enables participants to adopt and integrate, because they know there is a trusted party that can recover their securities as needed" and can address potential errors, he said. The new blockchain service will also allow investors to move assets all the time, not just Monday through Friday when traditional markets are open. "That creates a lot of new utility," Winnike said. "It brings the two ecosystems together."

Cadmium zinc telluride (CZT), a hard-to-manufacture semiconductor produced by only a handful of companies, is enabling a quiet revolution in medical imaging, science, and security by delivering faster scans, lower radiation doses, and far more precise X-ray and gamma-ray detection. "You get beautiful pictures from this scanner," says Dr Kshama Wechalekar, head of nuclear medicine and PET. "It's an amazing feat of engineering and physics." The BBC reports: Kromek is one of just a few firms in the world that can make CZT. You may never have heard of the stuff but, in Dr Wechalekar's words, it is enabling a "revolution" in medical imaging. This wonder material has many other uses, such as in X-ray telescopes, radiation detectors and airport security scanners. And it is increasingly sought-after. Investigations of patients' lungs performed by Dr Wechalekar and her colleagues involve looking for the presence of many tiny blood clots in people with long Covid, or a larger clot known as a pulmonary embolism, for example.

The 1-million-pound scanner works by detecting gamma rays emitted by a radioactive substance that is injected into patients' bodies. But the scanner's sensitivity means less of this substance is needed than before: "We can reduce doses about 30%," says Dr Wechalekar. While CZT-based scanners are not new in general, large, whole-body scanners such as this one are a relatively recent innovation. CZT itself has been around for decades but it is notoriously difficult to manufacture. "It has taken a long time for it to develop into an industrial-scale production process," says Arnab Basu, founding chief executive of Kromek.

[...] The newly formed CZT, a semiconductor, can detect tiny photon particles in X-rays and gamma rays with incredible precision -- like a highly specialized version of the light-sensing, silicon-based image sensor in your smartphone camera. Whenever a high energy photon strikes the CZT, it mobilizes an electron and this electrical signal can be used to make an image. Earlier scanner technology used a two-step process, which was not as precise. "It's digital," says Dr Basu. "It's a single conversion step. It retains all the important information such as timing, the energy of the X-ray that is hitting the CZT detector -- you can create color, or spectroscopic images."

An anonymous reader quotes a report from Reuters: Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, was sentenced in New York federal court on Thursday to 15 years in prison for fraud and conspiracy. Kwon, 34, who co-founded Singapore-based Terraform Labs and developed the TerraUSD and Luna currencies, previously pleaded guilty and admitted to misleading investors about a coin that was supposed to maintain a steady price during periods of crypto market volatility.

Kwon was one of several cryptocurrency moguls to face federal charges after a slump in digital token prices in 2022 prompted the collapse of a number of companies. [...] Kwon was accused of misleading investors in 2021 about TerraUSD, a so-called stablecoin designed to maintain a value of $1. Prosecutors alleged that when TerraUSD slipped below its $1 peg in May 2021, Kwon told investors a computer algorithm known as "Terra Protocol" had restored the coin's value. Instead, Kwon arranged for a high-frequency trading firm to secretly buy millions of dollars of the token to artificially prop up its price, according to charging documents. "I made false and misleading statements about why it regained its peg by failing to disclose a trading firm's role in restoring that peg," Kwon said in court. "What I did was wrong."

He also faces charges in South Korea, and under his plea deal, prosecutors won't oppose his transfer abroad after he serves half of his U.S. sentence.

Longtime Slashdot reader Gilmoure shares a report from Nature: Scientists have produced the most detailed 3D map of almost all buildings in the world. The map, called GlobalBuildingAtlas, combines satellite imagery and machine learning to generate 3D models for 97% of buildings on Earth. The dataset, published in the open-access journal Earth System Science Data on December 1, covers 2.75 billion buildings, each mapped with footprints and heights at a spatial resolution of 3 meters by 3 meters. The 3D map opens new possibilities for disaster risk assessment, climate modeling and urban planning, according to study co-author Xiaoxiang Zhu, an Earth observation data scientist at the Technical University of Munich in Germany. "Imagine a video game with the world's buildings already mapped in basic spatial dimensions!" writes Gilmoure.

joshuark shares a report from BleepingComputer: More than 10,000 Docker Hub container images expose data that should be protected, including live credentials to production systems, CI/CD databases, or LLM model keys. After scanning container images uploaded to Docker Hub in November, security researchers at threat intelligence company Flare found that 10,456 of them exposed one or more keys. The most frequent secrets were access tokens for various AI models (OpenAI, HuggingFace, Anthropic, Gemini, Groq). In total, the researchers found 4,000 such keys. "These multi-secret exposures represent critical risks, as they often provide full access to cloud environments, Git repositories, CI/CD systems, payment integrations, and other core infrastructure components," Flare notes. [...]

Additionally, they found hardcoded API tokens for AI services being hardcoded in Python application files, config.json files, YAML configs, GitHub tokens, and credentials for multiple internal environments. Some of the sensitive data was present in the manifest of Docker images, a file that provides details about the image.Flare notes that roughly 25% of developers who accidentally exposed secrets on Docker Hub realized the mistake and removed the leaked secret from the container or manifest file within 48 hours. However, in 75% of these cases, the leaked key was not revoked, meaning that anyone who stole it during the exposure period could still use it later to mount attacks.

Flare suggests that developers avoid storing secrets in container images, stop using static, long-lived credentials, and centralize their secrets management using a dedicated vault or secrets manager. Organizations should implement active scanning across the entire software development life cycle and revoke exposed secrets and invalidate old sessions immediately.

Broadcom has quietly pulled VMware vSphere Foundation from parts of EMEA, pushing smaller customers toward far more expensive bundles and prompting some to consider jumping to Hyper-V or Nutanix. The Register reports: VVF is a bundle that offers compute, storage, and networking virtualization, and a platform to run containers. It's most useful in hyperconverged infrastructure and hybrid clouds, but is less capable than the Cloud Foundation (VCF) private cloud suite. Virtzilla said EMEA customers would need to check with their local dealer to see if VVF was still on sale in their country. "VVF is no longer available in some EMEA countries, but for the majority it is still available," a Broadcom spokesperson said. "Customers will have to reach out to sales reps or partners to determine availability of a given product in their region. These changes were recent."

Our initial tipster said their reseller clued them into the impending change when VMware's new fiscal year started in November. This anonymous customer told us that their hardware fleet boasts thousands of compute cores and without more affordable options, his organization was looking at their annual VMware spend leaping by 10x from around $130,000 to $1.3 million. "We're currently looking to jump ship to either Microsoft's Hyper-V or Nutanix, as we can't eat (that) increase," they told The Register. [...]

For the moment, a Broadcom spokesperson told us it has no plans to ditch VMware vSphere Standard, the basic server virtualization bundle which we're told makes up about 60 percent of the company's licenses and is a lower-cost way to access VMware's hypervisor than buying its full suite of VMware Cloud Foundation products. "We have not announced any changes to the availability of vSphere Standard in EMEA nor end of support for vSphere Standard," the spokesperson said via email. "The product remains fully available across EMEA today. However, Broadcom product availability can vary by region to align with local market requirements, customer demand, and other considerations."

President Trump signed an executive order establishing a single federal AI regulatory framework that preempts state-level rules, aiming to centralize oversight of the rapidly growing AI industry. "The Trump administration, with the aid of AI and crypto czar David Sacks, has been pursuing a path that would allow federal rules to preempt state regulations on AI, a move meant to keep big Democratic-led states like California and New York from exerting their control over the growing industry," notes CNBC.

Developing...

A UC Berkeley professor, suspecting years of targeted computer damage against one Ph.D. student, secretly installed a hidden camera that allegedly caught another doctoral candidate sabotaging the student's laptop. The student now faces felony vandalism charges and is due for his first court appearance on Dec. 15. The Mercury News reports: A UC Berkeley professor smelled a rat -- over the years there had been $46,855 in damage from computers that failed, and nearly all of it seemed to affect one particular Ph.D. candidate at the college's Electrical Engineering and Computer Sciences department.

The professor wondered if the student's luck was really that bad, or if something else was afoot. So he installed a hidden camera -- disguised in a department laptop, and pointed it at the student's computer. According to police, the sly move captured another Ph.D. candidate, 26-year-old Jiarui Zou, damaging his fellow student's computer with some implement that caused sparks to fly out of the laptop.

Now, Zou has been charged with three felony counts of vandalism, related to the destruction of three computers on Nov. 9-10. The charges allege the damage amounted to more than $400 each time, though the professor who reported the vandalism, and the affected student, told police they suspect Zou of the additional incidents that had been going on for years, court records show.

During the company's first "Autonomy & AI Day" event today, Rivian unveiled a major autonomy push featuring custom silicon, lidar, and a "large driving model." It also hinted at a potential entry into the self-driving ride-hail market, according to CEO RJ Scaringe. TechCrunch reports: Rivian said it will expand the hands-free version of its driver-assistance software to "over 3.5 million miles of roads across the USA and Canada" and will eventually expand beyond highways to surface streets (with clearly painted road lines). This expanded access will be available on the company's second-generation R1 trucks and SUVs. It's calling the expanded capabilities "Universal Hands-Free" and will launch in early 2026. Rivian says it will charge a one-time fee of $2,500 or $49.99 per month.

"What that means is you can get into the vehicle at your house, plug in the address to where you're going, and the vehicle will completely drive you there," Scaringe said Thursday, describing a point-to-point navigation feature. After that, Rivian plans to allow drivers to take their eyes off the road. "This gives you your time back. You can be on your phone, or reading a book, no longer needing to be actively involved in the operation of vehicle." Rivian's driver assistance software won't stop there; the EV maker laid out plans on Thursday to enhance its capabilities all the way up to what it's calling "personal L4," a nod to the level set by the Society of Automotive Engineers that means a car can operate in a particular area with no human intervention.

After that, Scaringe hinted that Rivian will be looking at competing with the likes of Waymo. "While our initial focus will be on personally owned vehicles, which today represent a vast majority of the miles driven in the United States, this also enables us to pursue opportunities in the ride-share space," he said. To help accomplish these lofty goals, Rivian has been building a "large driving model" (think: an LLM but for real-world driving), part of a move away from a rules-based framework for developing autonomous vehicles that has been led by Tesla. The company also showed off its own custom 5nm processor, which it says will be built in collaboration with both Arm and TSMC.

An anonymous reader quotes a report from Ars Technica: The Wild West of copyrighted characters in AI may be coming to an end. There has been legal wrangling over the role of copyright in the AI era, but the mother of all legal teams may now be gearing up for a fight. Disney has sent a cease and desist to Google, alleging the company's AI tools are infringing Disney's copyrights "on a massive scale." According to the letter, Google is violating the entertainment conglomerate's intellectual property in multiple ways. The legal notice says Google has copied a "large corpus" of Disney's works to train its gen AI models, which is believable, as Google's image and video models will happily produce popular Disney characters -- they couldn't do that without feeding the models lots of Disney data.

The C&D also takes issue with Google for distributing "copies of its protected works" to consumers. So all those memes you've been making with Disney characters? Yeah, Disney doesn't like that, either. The letter calls out a huge number of Disney-owned properties that can be prompted into existence in Google AI, including The Lion King, Deadpool, and Star Wars. The company calls on Google to immediately stop using Disney content in its AI tools and create measures to ensure that future AI outputs don't produce any characters that Disney owns. Disney is famously litigious and has an army of lawyers dedicated to defending its copyrights. The nature of copyright law in the US is a direct result of Disney's legal maneuvering, which has extended its control of iconic characters by decades. While Disney wants its characters out of Google AI generally, the letter specifically cited the AI tools in YouTube. Google has started adding its Veo AI video model to YouTube, allowing creators to more easily create and publish videos. That seems to be a greater concern for Disney than image models like Nano Banana. "We have a longstanding and mutually beneficial relationship with Disney, and will continue to engage with them," Google said in a statement. "More generally, we use public data from the open web to build our AI and have built additional innovative copyright controls like Google-extended and Content ID for YouTube, which give sites and copyright holders control over their content."

The cease and desist letter arrives at the same time the company announced a content deal with OpenAI. Disney said it's investing $1 billion in OpenAI via a three-year licensing deal that will let users generate AI-powered short videos and images featuring more than 200 characters.

Google's Chrome team has built an experimental browser called Disco that takes a query or prompt, opens a cluster of related tabs, and then generates a custom application tailored to whatever task the user is trying to accomplish. The browser launched Thursday as an experiment in Google's Search Labs.

GenTabs, the core feature powering Disco, are information-rich pages created by Google's Gemini AI models -- ask for travel tips and the system builds a planner app; ask for study help and it creates a flashcard system. Disco -- named partly for fun and partly as shorthand for "discovery" -- started as a hackathon project inside Google before catching the team's imagination.

Parisa Tabriz, who leads the Chrome team, said that Disco is not intended as a general-purpose browser and is not an attempt to cannibalize Chrome. The experiment aims to test what happens when users move from simply having tabs to generating personalized, curated applications on demand. The capability relies on features in the recently launched Gemini 3, which can create one-off interactive interfaces and build miniature apps on the fly rather than just returning text or images.

Cisco's stock price touched $80.25 on Wednesday, finally eclipsing its dotcom-era peak of $80.06 set on March 27, 2000 -- when the networking giant briefly surpassed Microsoft to become the world's most valuable company. The journey back took 25 years, eight months and 13 days. The company's fundamentals improved dramatically over that period, of course. Revenues have nearly quintupled since 1999, profits have quadrupled, earnings per share have grown eightfold, and margins have remained healthy throughout. Investors who bought at the peak still lost money to inflation for a generation.

Cisco's trajectory draws obvious comparisons to Nvidia, today's dominant "picks and shovels" supplier for the AI boom. Nvidia trades at a price-to-earnings ratio above 45 and an enterprise value-to-sales ratio near 24. At its 2000 peak, Cisco traded at a P/E above 200 and EV/sales of 31.