According to CNBC, JPMorgan Chase has secured deals ensuring it will get paid by the fintech firms responsible for nearly all the data requests made by third-party apps connected to customer bank accounts. From the report: The bank has signed updated contracts with the fintech middlemen that make up more than 95% of the data pulls on its systems, including Plaid, Yodlee, Morningstar and Akoya, according to JPMorgan spokesman Drew Pusateri. "We've come to agreements that will make the open banking ecosystem safer and more sustainable and allow customers to continue reliably and securely accessing their favorite financial products," Pusateri said in a statement. "The free market worked." The milestone is the latest twist in a long-running dispute between traditional banks and the fintech industry over access to customer accounts. For years, middlemen like Plaid paid nothing to tap bank systems when a customer wanted to use a fintech app like Robinhood to draw funds or check balances. [...] After weeks of negotiations between JPMorgan and the middlemen, the bank agreed to lower pricing than it originally proposed, and the fintech middlemen won concessions regarding the servicing of data requests, according to people with knowledge of the talks. Fintech firms preferred the certainty of locking in data-sharing rates because it is unclear whether the current CFPB, which is in the process of revising the open-banking rule, will favor banks or fintech companies, according to a venture capital investor who asked for anonymity to discuss his portfolio companies. The bank and the fintech firms declined to disclose details about their contracts, including how much the middlemen agreed to pay and how long the deals are in force.

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An anonymous reader quotes a report from Ars Technica: On Thursday evening, OpenAI CEO Sam Altman posted on X that ChatGPT has started following custom instructions to avoid using em dashes. "Small-but-happy win: If you tell ChatGPT not to use em-dashes in your custom instructions, it finally does what it's supposed to do!" he wrote. The post, which came two days after the release of OpenAI's new GPT-5.1 AI model, received mixed reactions from users who have struggled for years with getting the chatbot to follow specific formatting preferences. And this "small win" raises a very big question: If the world's most valuable AI company has struggled with controlling something as simple as punctuation use after years of trying, perhaps what people call artificial general intelligence (AGI) is farther off than some in the industry claim. "The fact that it's been 3 years since ChatGPT first launched, and you've only just now managed to make it obey this simple requirement, says a lot about how little control you have over it, and your understanding of its inner workings," wrote one X user in a reply. "Not a good sign for the future."

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An anonymous reader shares a report: Executives are turning to a novel structure to fund crypto accumulation vehicles as investor appetite thins. They're called in-kind contributions, and they now account for a growing share of digital-asset treasury, or DAT, deals. Instead of raising cash to buy tokens in the open market, DAT sponsors contribute large slugs of their own crypto, often unlisted and hard to value. Digital-asset treasuries are a new breed of public company built to hold concentrated crypto positions. The structure surged in 2025 as small-cap firms, especially in biotech and mining, reinvented themselves as digital-asset proxies. Sponsors provide tokens or raise money to buy them, and the stock then trades as a kind of listed bet on crypto. For insiders, it's a shortcut to liquidity. For investors, a wager on upside. But not all DATs carry the same level of risk. Earlier deals raised money to buy tokens through regular markets, which offered at least some independent price check. In-kind contributions skip that step -- letting insiders decide what their tokens are worth, sometimes before the token even trades publicly. That shift means pricing and trading risks land more squarely on shareholders, many of them retail investors. Investor faith is already wobbling. Many DATs that once traded above the value of their holdings now trade below it. As insiders supply the tokens and set their price, it's becoming harder for investors to tell what these deals are really worth, or when to get out. The in-kind structure was on full display in a recent $545 million private placement by Tharimmune Inc., a biotech firm-turned-crypto proxy, to set up a buyer of Canton Coins. About 80% of the raise came in the form of unlisted Canton tokens, priced at 20 cents each, according to an investor presentation seen by Bloomberg News. The token began trading on exchanges Nov. 10 and is now around 11 cents, CoinGecko data show. More deals are following the same template. In these placements, insiders contribute tokens -- sometimes illiquid or unlisted -- to form a treasury, lock in valuations and seed the perception of market demand. But when tokens list below deal price, public shareholders absorb the difference. [...] Then there's Flora Growth Corp., a Nasdaq-listed company that announced a $401 million deal to start acquiring Zero Gravity tokens in September. On closer inspection, the firm had raised just $35 million in cash to pair with a $366 million in-kind contribution of then-unlisted 0G tokens. Those tokens were priced at around $3 a piece; they subsequently listed, and are now trading at about $1.20.

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Now I have the other half of the bridge working. This post is full of the testing I did on this, and yes it all worked. I'm going to post something new and see if it makes it through to the other side. And you get to see if it works or not. And now I'm going to make a change. Having made the change I want to see if it made it through. It's kind of remarkable to me that I got this much done in one day. That's what happens when you invested in good tools. And this is where the changes have been visible, on a scratch site used just for these occasions. Tomorrow, the third day of this project, I clean up the loose ends and then we should be good to go with the posts I make on scripting showing up in daveverse. Then I can get started with the next project that depends on this.

I absolutely love Pluribus, but it has the hardest freaking name to remember. I love stories like this, with new assumptions about what is, and people coping with what may or may not be great, or boring, or who knows what. I know they've got me thinking about it all the time, and that is what I like in a good televised story.

Pay television penetration in American households fell to 50.2% in the third quarter and is projected to drop to 50% or lower by December, according to Madison and Wall, a technology and media advisory firm. Fifteen years ago, nearly nine in ten households subscribed to pay television services. The decline has prompted major media companies to shed cable assets. Comcast, Warner Bros. Discovery, and A&E are seeking to sell or spin off their cable television operations. Paramount stated it would not divest its cable channels but acknowledged that "each quarter is accelerating decline."

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TV manufacturers are abandoning their attempts to turn TVs into interactive social devices through smart cameras. Sky announced this month that it will discontinue Sky Live, a camera accessory for its Sky Glass televisions that brought video calls, body-tracked workouts, and motion games to the living room. The device will stop working at the beginning of December. Sky will brick the cameras and reimburse customers. Sky launched the product in mid-2023 as part of an effort to transform televisions from passive viewing devices into interactive platforms. That vision has not materialized across the industry. LG's Smart Cam, released in 2023, is out of stock at major retailers and appears discontinued. TCL's smart TV camera is no longer available. Samsung stopped integrating cameras directly into its television sets, though it still sells an external camera accessory.

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Cryptocurrency companies and fintech startups are applying to open banks in the United States. Ripple, Coinbase and the UK payments company Wise have submitted applications for national trust charters this year. Trust banks cannot take deposits or make loans but charge fees for safekeeping customer assets and are not FDIC insured. The applications have reached 12 so far this year, more than any of the preceding eight years, according to data compiled by Klaros Group. Comptroller of the Currency Jonathan Gould said last month that cryptocurrency activity should be done within the banking system if legally permissible and safe. His agency regulates nationally-chartered U.S. banks. The Bank Policy Institute and the Independent Community Bankers of America oppose the applications. BPI sent letters urging the Office of the Comptroller of the Currency to reject the Ripple, Wise, and Sony applications. The group said approving Coinbase could significantly increase risks to the U.S. financial system.

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An anonymous reader shares a report: In October, PUBG and Subnautica 2 publisher Krafton announced that it would be undergoing a "complete reorganization" to become an "AI-first" company, planning to invest over 130 billion won ($88 million) in agentic AI infrastructure and deployment beginning in 2026. This week, as it boasts record-breaking quarterly profits, the Korean publisher has followed that strategic shift by launching a voluntary resignation program for its domestic employees, according to Business Korea reporting. The program, announced internally, offers substantial buyouts for domestic Krafton employees based on their length of employment at the publisher. Severance packages range from 6 months' salary for employees with one year or less of service to 36 months' salary for employees who've worked at Krafton for over 11 years. The voluntary resignation program follows a November 4 earnings call in which Krafton announced a record quarterly profit of $717 million. During the call, Krafton CFO Bae Dong-geun indicated that Krafton had also halted hiring for new positions, telling investors that "excluding organizations developing original intellectual property and AI-related personnel, we have frozen hiring company-wide."

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One of the most common viruses in the world could be the cause of lupus, an autoimmune disease with wide-ranging symptoms, according to a new study. From a report: Until now, lupus was somewhat mysterious: No single root cause of the disease had been found, and while there is no cure, there are medications that can treat it. The research, published in the journal Science Translational Medicine, suggests that Epstein-Barr virus -- which 95% of people acquire at some point in life -- could cause lupus by driving the body to attack its own healthy cells. It adds to mounting evidence that Epstein-Barr is associated with multiple long-term health issues, including other autoimmune conditions. As this evidence stacks up, scientists have accelerated calls for a vaccine that targets the virus. "If we now better understand how this fastidious virus is responsible for autoimmune diseases, I think it's time to figure out how to prevent it," said Dr. Anca Askanase, clinical director of the Lupus Center at Columbia University, who wasn't involved in the new research.

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It's kind of weird for me to be hanging out around WordPress, but I like it. They've been very welcoming. It's kind of like I imagine it would be for Ward Cunningham to be working with Wikipedia. It may not have been everything he wanted from wiki's but it might be the best place for him to develop new features, most likely to have an influence on the way wikis are used in the real world. It's also kind of like it would have been if Doug Engelbart had been willing to hook up with Living Videotext back in the day. I had a couple of dinners with him in Palo Alto where I presented the idea. We had a growing user base of outliner users, our products had commercial success that weren't possible in the 60s and 70s, before there were personal computers like the Apple II or Macintosh. If he could help us, it would be good for both of us, I reasoned. He had his own codebase, and was working with a bunch of other people, and was happy with the setup. In 2025, I have ambitions for WordPress, I think it can play a bigger and different role in the web than it does. I believe there's a new class of developers and users who could benefit from the stability and scaling of WordPress. It's a good community, it's basically the web itself, which means imho that it can grow to be new things to new people. Anyway, you can see why this post has to be on both scripting.com and on my daveverse site as I discussed yesterday.

Abstract of a working paper [PDF] published by NBER: This paper examines the impact of the UK's decision to leave the European Union (Brexit) in 2016. Using almost a decade of data since the referendum, we combine simulations based on macro data with estimates derived from micro data collected through our Decision Maker Panel survey. These estimates suggest that by 2025, Brexit had reduced UK GDP by 6% to 8%, with the impact accumulating gradually over time. We estimate that investment was reduced by between 12% and 18%, employment by 3% to 4% and productivity by 3% to 4%. These large negative impacts reflect a combination of elevated uncertainty, reduced demand, diverted management time, and increased misallocation of resources from a protracted Brexit process. Comparing these with contemporary forecasts -- providing a rare macro example to complement the burgeoning micro-literature of social science predictions -- shows that these forecasts were accurate over a 5-year horizon, but they underestimated the impact over a decade.

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Demonstrators, some wearing traditional indigenous dress, broke through security lines of the UN climate summit.

The COP30 climate simulation negotiation brought pupils from 28 schools to Belfast Castle.

The BBC's Ione Wells asks two indigenous leaders what they want from the climate talks.