
Ever wondered how those beautiful cars in Cuba keep running despite their parts being embargoed or discontinued? CC-licensed photo by gr8what on Flickr.
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A selection of 10 links for you. Libre. I’m @charlesarthur on Twitter. On Threads: charles_arthur. On Mastodon: https://newsie.social/@charlesarthur. On Bluesky: @charlesarthur.bsky.social. Observations and links welcome.
Monopoly roundup: AI cockroaches scurry out from under Nvidia, the most valuable company in the world • The Big Newsletter
Matt Stoller on the withdrawn IPO of a company called Firmus. Never heard of it? Read on:
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What makes this situation more than a run of the mill scam is the involvement of Nvidia in Firmus and its criminal co-founder. Why would Nvidia get in bed with a crook? Well, Firmus is in an important industry segment that generates demand for Nvidia chips. Firmus is a “neocloud,” which are basically racks of servers funded by venture capitalists and Nvidia to buy chips and rent out computing power. Think of a neocloud as a way to keep debt off the books of the big AI firms. Neoclouds are a corporate shell containing real estate, chips, and financing. Often there are multiple layers of investors, phantom contracts or insider self-dealing, all wrapped in a narrative that they are engaged in “advanced AI” deployment.
This move has tended to work because of the involvement of the most prestigious players in AI. When Nvidia (or Google or Anthropic) backstops or does business with a neocloud, investors think there must be something there. So the neocloud’s valuation goes up a lot. Then that neocloud raises more money at a high valuation, announces more data centers, and orders more chips. That’s more profits for Nvidia, more investments, and so on and so forth.
These investments take place in the private market, with hedge funds and insiders thinking they are getting in at a low valuation. They often don’t even care if there’s a good business model here, since they think someone else will be left holding the bag. The business model never really made much sense, with Firmus starting as a bitcoin miner, before pivoting to AI. But it didn’t matter, because Firmus was about to sell shares to the last set of investors out there – you and me in the public markets. Fortunately, it looks like the public market participants have wisened up, at least in this case.
Firmus, however, is not the only scam in the AI space. Many such neoclouds started as bitcoin miners before jumping to the AI boom, often funded by a prestigious AI firm like Nvidia. And that suggests there’s something systemic going on.
Here are a few other neocloud or adjacent plays: There’s TeraWulf, which has big leasing deals with Anthropic and Google, and whose backers have been allegedly caught engaged in market manipulation. Google bankrolled the company’s shift from bitcoin mining to AI data center. Here’s Grizzly Research:
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Our research uncovers that TeraWulf’s third-largest shareholder is an entity controlled by the wife of John O’Rourke, the disgraced CEO of Riot Blockchain, who was charged for his part of a $27m “Lucrative Market Manipulation Schemes” by the SEC.
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It gets harder and harder to think that this AI financing stuff is on the up and up.
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Fridge hack costing millions and sparking fires stemmed from poor security • Ars Technica
Dan Goodin:
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Multiple security advisories and public research reports show that all three of the controller models reportedly hacked in the incident—sold by Danfoss of Denmark and Dixell and its parent company Copeland in the US—contained critical vulnerabilities that allow attackers to remotely log in to the devices with the same system rights as administrators.
Until recently, Danfoss controllers, for instance, used a credential that changes each day. The password is generated by the publicly available firmware based on the date. A hacker who takes the time to analyze the code can do the same thing on any device that hasn’t received a recent update. Daily passwords are identical across models located in hundreds or thousands of stores.
A raft of critical vulnerabilities fixed in the past few months in Copeland/Dixel controllers also give similar remote access.
Besides running controllers with outdated firmware, the affected stores likely also failed to put the devices behind a VPN and create a restricted list of IP addresses allowed to log in. These protections are standard but often not followed. In this case, that failure enabled a mass hack that likely cost tens or hundreds of millions of euros. Spain, Portugal, Poland, Germany, and Belgium were also reportedly affected.
“Two things would have changed the outcome,” researchers at Pen Test Partners said Wednesday. “Cyber hygiene would have prevented the access: take the controller off the public internet, put remote access behind a VPN and an IP allowlist, bring third-party kit onto the network in a controlled, owned and documented way rather than leaving it on a contractor’s own connection, change known and default credentials, and patch to a current release.”
Researchers from security firm Claroty warned of the threat of ignoring these common-sense steps last October. The US Cybersecurity and Infrastructure Security Agency did the same in February.
…So far, the party behind the attack has remained silent. That raises the possibility that the motive was vandalism on a mass scale. Another possibility is a nation-state or other international actor aiming to create a continent-wide disruption.
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The silence might seem odd, but you’d get the same whether it was script kiddies (who might celebrate to each other, but not publicly) or nation state hackers (who might raise an eyebrow and plan the next attack).
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OpenAI accuses employee who left for Apple of leaking plans for unreleased device • Reuters via The Guardian
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An OpenAI employee who left the ChatGPT maker for Apple sent more than 100 files about an unreleased product to a personal account and later made a presentation about the unreleased product to senior Apple leadership, a new filing in the lawsuit between OpenAI and Apple alleges.
In the filing in US federal court in San Jose, California, OpenAI alleged that the presentation happened months ago and that Apple is now making AI products of its own, citing the release of Apple’s HomeView product this week.
“OpenAI is very concerned that its trade secret and confidential information is now circulating inside Apple, where Apple engineers can shape Apple’s upcoming products based on OpenAI’s confidential and innovative work,” OpenAI said in its filing.
The two companies were due to face off in court on Wednesday in an ongoing trade secrets lawsuit, but the new allegation delayed the showdown. OpenAI said it may file a countersuit based on the new claim.
Apple said that it has policies and procedures in place to ensure new employees do not use confidential information from previous employers and that it has found no evidence to support OpenAI’s allegations.
The document, filed on Tuesday, is part of a trade secret dispute filed by Apple earlier this year against OpenAI. The iPhone maker alleged its own employees left and took confidential information to OpenAI’s hardware division. OpenAI has denied those allegations.
…The case is likely to go to trial in October 2027, though OpenAI has said in court filings that it could be ready for trial as soon as June 2027.
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The claim is a bit weird, and the HomeView claim is nonsense – that’s been in the works at Apple for (too many) years – but that final date shows you how the law just isn’t able to keep up with the rapid advance of technology.
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Microsoft and Japan took down a cybercrime network behind over a billion scam messages • The Verge
Stevie Bonifield:
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We’ve all gotten a scam text about a nonexistent parking ticket or a fake package delivery, but hopefully you’ll start seeing fewer of them. Microsoft says it helped dismantle a marketplace for scammers sending phishing messages like those around the world. Through an investigation with Japan’s National Police Agency, it tracked scam activity back to a marketplace called YAM Store and a pair of phishing kits, CoGUI and Iron Man:
Since January 2026, YAM Store, CoGUI and Iron Man have collectively enabled more than one billion malicious messages targeting over 75,000 organizations worldwide, including more than 750 million messages geared toward Microsoft customers alone. These messages have been used to target consumers, healthcare organizations, financial institutions, and other businesses in more than 150 countries, generating tens of millions of dollars for their operators.
According to Microsoft’s report, scammers could buy stolen or fraudulent Microsoft and Google accounts on YAM Store and use the phishing kits to send scam messages. Microsoft says YAM Store also hijacked real organizations’ expired web domains and created websites for nonexistent organizations, which it used to get Microsoft accounts it could resell.
The Iron Man platform was also offering over 2,300 templates scammers could use to impersonate organizations like banks and police departments. Microsoft says it disabled over 20,000 accounts connected to YAM Store and blocked over 100,000 web domains being used for impersonation and fraud.
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Why Americans stopped falling in love • Derek Thompson
Derek Thompson:
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Why are so many Americans not getting married—or not even dating, in the first place?
The share of 40-year-olds who have never been hitched has quadrupled since 1980, as Americans get married later, or not at all. (US Census data shows that 80% of women born in the 1940s were married by age 25, compared to 30% of women born in the 1990s.)
It’s not just marriage that’s declining but rather all forms of cohabitation. An analysis by John Burn-Murdoch [of the FT] found that “coupling” has declined steadily in both the UK and the US, especially for those without a college degree. The declining popularity of dating apps suggests that these trends are likely to continue.
I care about the decline of coupling and marriage not because I consider myself a strict evangelist of matrimony—I think people should do what they can to enjoy themselves without hurting others—but rather because I think it bears on two of the most important questions about the future: (1) How many people exist, and (2) how happy are they? The relationship between romance and births is practically linear. Since 1990, Burn-Murdoch has shown, the decline of births traces the decline of relationship formation across many countries. Fewer relationships mean fewer people, and accelerating population declines around the world are, somewhat like climate change, a slowly accumulating phenomenon that will almost certainly shape the future of economics, technology, and the texture of human existence.
Then, there’s the mushy yet momentous question of whether people actually enjoy their existence. Self-reported happiness is declining in the west, and particularly in the U.S. Reviewing several decades of General Social Survey data, the economist Sam Peltzman came to the conclusion that “most of the overall downturn [in life satisfaction] is attributable to decline in marriage post-2000.” Reviewing Peltzman’s work, The Atlantic’s Olga Khazan provided some useful context:
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One paper alone might be easy enough to dismiss, but this is a fairly consistent finding dating back decades in social-science research: Married people are happier. Period.
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There follows an interview with Daniel Cox, author of “Generation Uncoupled”, which contains this fascinating (one of many) tidbit:
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Young adults are entering adulthood with a social deficit. As a result, their understanding of the world is shaped less by lived experiences and more by what they see online. And social media not only offers a warped view of human behavior, but it also excels at feeding our anxiety and fears.
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Pre-ordered the new Apple TV 4K? Here are five reasons you should cancel ASAP • Macworld
Mahmoud Itani:
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At its “Welcome Home” experience, Apple today introduced the all-new HomeView hub, along with the HomePod mini 2 and Apple TV 4K 4. These devices mark Siri AI’s official smart home expansion, bringing its world knowledge and personal context to big screens and smart speakers around the house.
While you may be tempted to rush over to Apple’s website and pre-order a $299 4th-gen Apple TV 4K before the first batch sells out, it may be worth taking a moment to consider if that’s really the right decision. Instead relax, slow down, and read this list of five reasons why I’m not upgrading to the brand-new Apple TV 4K, and why I don’t think you should either.
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Too expensive, does things you can get already (including the new Siri), you can buy the new remote separately, doesn’t use the CPU’s potential, too bloody expensive.
For all the buildup to this “home” event of Apple’s, any rational examination shows it to be rubbish. (Thanks Joe S for the link.)
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Teach My Little Sister How To Drive – v1.2.9 Update and a Development Status Update • Steam News
This game, on Steam, is AI-driven, with the “sister” character’s responses produced by ChatGPT:
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Over the past month, the number of demo players has grown more than twentyfold. Thank you so much for giving our game far more attention than we ever expected.
This growth has also increased our operating costs considerably.
We are currently spending over $1,000 per day on AI services for the demo.
For the paid release, we plan to account for expected AI usage in the game’s price. Players will not be charged separately for their individual AI token usage after purchasing the game.
This isn’t because each player is particularly expensive to support. The total cost has increased because so many people are playing, and we have taken out a bank loan to help keep the demo running.
We want to continue operating the demo and would love for more people to enjoy it. However, we are a small team of four, and financial pressure may mean we have to close the demo earlier than expected before the full release. We have not made that decision at this time.
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Pretty impressive to be burning $1,000 per day, $30,000 per month, $360,000 per year, on a game before you’ve got any sort of business model for it. That demo shows that AI can produce a tolerable game, and ruin its makers.
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Electric energy security꞉ how EVs are reducing oil import vulnerabilities • Ember
Euan Graham:
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Many countries with rising EV sales are simultaneously developing new manufacturing capacity and growing their domestic electric vehicle industries. The rise in electric vehicle sales in the EU this year has been met in large part by new affordable models from European manufacturers. New models by Renault, Volkswagen and Skoda were the best-selling electric cars in Europe in July.
In Asia, domestic manufacturers are becoming major players in Viet Nam and India. VinFast already produced Viet Nam’s most popular car in 2025 and has expanded its production operations overseas opening new factories in India and Indonesia last year. Meanwhile, in the first half of 2026, domestic OEMs Tata and Mahindra made up over 60% of India’s EV sales.
In Latin America, Brazil is cementing its position as a regional manufacturing hub with the opening of BYD’s plant in 2025, with production capacity expected to be increased to 300,000 vehicles annually. New local content requirements are successfully driving this investment. Mexico announced the launch of domestic manufacturer Olinia this year, with production of its small car EV slated to begin in 2027.
As countries adjust to a prolonged disruption to oil and gas supplies, transport electrification is providing a path to reduce oil import vulnerability. In the six months since the Hormuz energy crisis, electric car fleets in oil-importing countries are estimated to have displaced 200m barrels of crude oil, with a value of $20 billion. Fully electric cars (BEVs) are responsible for the largest share of this figure ($16.5bn), with the rest coming from PHEVs. This is in part because PHEVs are also powered by a combustion engine and there is real-world evidence that drivers end up relying on it more than manufacturers initially claim.
In September, oil prices once again climbed to over $100 per barrel for the first sustained period since May, meaning these figures are likely to rise over the rest of the year. Since the start of the year, the daily closing price of Brent crude has exceeded $100 more than 60 times, having last done so in 2022 following Russia’s invasion of Ukraine. This is compounded by an even more acute supply crisis in diesel and other refined products, where impacts on global oil flows have combined with attacks on refineries around the world. Globally, diesel use is concentrated in the trucking sector, but for certain markets such as Europe this has a considerable impact on car drivers too.
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How do Cubans maintain and replace their 1950s American car parts without access to American manufacturers? • Quora
Q: How do Cubans maintain and replace their 1950s American car parts without access to American manufacturers?:
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Pop the hood of a 1957 Chevy in Havana, and you probably won’t find an American V8. You’ll find a Hyundai diesel engine, a Soviet transmission, and parts made from melted shampoo bottles.
Since the US imposed its trade embargo in the early 1960s, the supply of original American parts for Cuba’s thousands of Detroit-built cars vanished. To keep these vehicles running for over six decades, Cuban mechanics have become master engineers and scavengers out of pure necessity. The survival of the Cuban classic car relies on three main strategies: extreme engine swapping, hand-fabricating parts from scratch, and an underground supply chain.
Original engines broke down decades ago, and those that survived guzzled gas that most Cubans couldn’t afford. The solution was the engine swap. During the Cold War, mechanics shoehorned in four-cylinder motors from imported Soviet Ladas and Volgas. Today, the holy grail is a modern diesel engine—often a Hyundai, Mitsubishi, or Toyota—stripped from a van or boat. Adapting these foreign engines to fit 1950s American chassis requires custom-welded motor mounts, modified driveshafts, and completely rewired electronics. The resulting vehicle is an American shell powered by a Japanese heart with Russian suspension.
When a specific part fails and cannot be swapped out, Cuban mechanics—often called magos (magicians)—simply make a new one from scratch. This culture of improvised repair is known as making an invento. Machinists cast their own pistons using scrap aluminum melted down in backyard forges. Brake pads are cut by hand from industrial friction material. If a rubber suspension bushing rots away, a mechanic might melt down scrap plastic or carve a replacement out of a heavy-duty forklift tire. Body panels that rust out in the salty Caribbean air are sculpted back into shape using fiberglass or scrap sheet metal.
For the specialized parts that absolutely cannot be fabricated—like modern fuel injectors, timing belts, or specialized bearings—Cubans rely on an informal import network. Relatives and specialized couriers known as mulas (mules) travel to Miami, Mexico, or Panama, buy the necessary car parts, and pack them into their checked luggage.
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Necessity as the mother of invention still going strong. Though the fuel blockade of Cuba has been going on for some time; those cars might not be going anywhere at all.
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Marquita Maytag: the shrew of Kathmandu • Association for Diplomatic Studies & Training
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Nepal is a small mountainous country in South Asia, bordered by India and the Tibetan autonomous region of China, which has had friendly relations with the U.S. ever since they were established in 1945. However, at one time these relations were nearly threatened by the actions of “an absolute shrew” of an ambassador. Marquita Maytag was a political appointee who held the position for only a short period of time, May 1976 – April 1977, but she quickly garnered a bad reputation. David Fischer, at that time a Political Officer in the U.S. Embassy in Kathmandu, recalls some of her more outrageous antics in an interview with Robert Pasturino on May 20, 1998.
…One night… all of us in the Embassy had movie projectors, and one of the ways which we entertained, because there were no movie theatres in Kathmandu, was to show modern American movies. We could get any political leader in the country to come out to our houses to see an American movie.
It was a Friday night, and I was sitting at home at eight o’clock and the doorbell rang. There on my doorstep was the Prime Minister of Nepal. He said, “Mr. Fischer, are you showing a movie tonight?”
I said, “No, I’m not, Why do you ask?”
He said, “I thought I was invited to a movie tonight, and I thought it was at the Ambassador’s residence but I went down there and all I could find was that she was there with two airline pilots and three Tibetan whores. I counted around, and I realized there was one more woman than a man and I was going to have to end up with her. So I was hoping you were showing a movie tonight.”
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Based on this, Kimberly Guilfoyle might feel hard done by. (Maytag, appointed by Gerald Ford’s administration, was quickly dumped by Jimmy Carter’s administration, but not before further shenanigans, described in the interview transcript.) The US has always had an odd approach to appointing ambassadors.
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| • Why do social networks drive us a little mad? • Why does angry content seem to dominate what we see? • How much of a role do algorithms play in affecting what we see and do online? • What can we do about it? • Did Facebook have any inkling of what was coming in Myanmar in 2016? Read Social Warming, my latest book, and find answers – and more. |
Errata, corrigenda and ai no corrida: none notified








