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Daily Archives: October 17, 2024

Inside Redbox’s insane bankruptcy unwinding

Sherwood: “Ever wanted to own 46 copies of Orlando Bloom’s latest movie? What about a dozen empty Redbox DVD cases? Or maybe an entire Redbox kiosk, free with local pickup? It’s all up for grabs, thanks to Redbox’s recent demise. The chain of DVD-rental kiosks filed for bankruptcy in June after racking up close to a billion dollars in debt. The bankruptcy case was quickly converted to Chapter 7, legal speak for the end of the road for a corporation that has no options left to restructure or recover. “There is no means to continue to pay employees, pay any bills, or otherwise finance this case,” bankruptcy Judge Thomas Horan said, calling Redbox and its corporate parent “hopelessly insolvent.” In a typical Chapter 7 bankruptcy case, a company’s assets get sold off to the highest bidders, and the resulting money gets divided among creditors. But after a dizzying company collapse with legal disputes swirling, Redbox’s afterlife is anything but ordinary. Grocery chains are hauling its once ubiquitous red kiosks to the dump, workers who never got their last paychecks are hawking DVDs on eBay, and customers are trading tips online on how to trick any remaining rental machines into spitting out movies without having to pay for them. It’s a free-for-all, albeit with some significant risks: not only could customers get dinged for any unpaid late charges, but improperly disposed of kiosks could put the personal data of countless consumers at risk…”

Student was punished for using AI then his parents sued teacher, administrators

Ars Technica: “A school district in Massachusetts was sued by a student’s parents after the boy was punished for using an artificial intelligence chatbot to complete an assignment. The lawsuit says the Hingham High School student handbook did not include a restriction on the use of AI. “They told us our son cheated on a… Continue Reading

How the Malleus maleficarum fueled the witch trial craze

Ars Technica: “Between 1400 and 1775, a significant upsurge of witch trials swept across early-modern Europe, resulting in the execution of an estimated 40,000–60,000 accused witches. Historians and social scientists have long studied this period in hopes of learning more about how large-scale social changes occur. Some have pointed to the invention of the printing… Continue Reading

Startup Can Identify Deepfake Video In Real Time

Wired: “Real-time video deepfakes are a growing threat for governments, businesses, and individuals. Recently, the chairman of the US Senate Committee on Foreign Relations mistakenly took a video call with someone pretending to be a Ukrainian official. An international engineering company lost millions of dollars earlier in 2024 when one employee was tricked by a… Continue Reading

Global water crisis leaves half of world food production at risk in next 25 years

The Guardian: More than half the world’s food production will be at risk of failure within the next 25 years as a rapidly accelerating water crisis grips the planet, unless urgent action is taken to conserve water resources and end the destruction of the ecosystems on which our fresh water depends, experts have warned in… Continue Reading