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25 Aug 2026

25 Aug 2026 4:33am GMT

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25 Aug 2026 3:54am GMT

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World's Oceans Hit Highest Temperature On Record As El Nino Grows

An anonymous reader quotes a report from the BBC: The world's oceans are hotter than ever recorded, new data suggests, as they suffer from human-caused climate change and the growing El Nino weather phenomenon. The average surface temperature of the planet's seas outside the polar regions hit 21.1C (70F) on Saturday, according to figures from the European Copernicus climate change service. That edges past the 21.09C recorded on three separate days in March 2024, and is far above average for the time of year. [...] The data is based on sea temperatures 10m (32ft 10in) below the surface, using measurements from buoys, ships and satellites, which are combined to produce a global estimate. While the margin of record is currently very small and any global estimate comes with uncertainties, scientists say its timing is particularly notable. Average worldwide sea temperatures tend to reach their yearly peak in March or April, which corresponds to the end of summer in the southern hemisphere -- and not in August. The southern hemisphere contains more of the planet's ocean surface than the northern hemisphere and so exerts a bigger influence on average sea temperatures. What is especially concerning to scientists is that the oceans are already so hot when the natural El Nino weather phenomenon is still some way off its expected peak. "The fact that we are already breaking records is an early indicator of how strong the El Nino is becoming," said Dr Jeremy Grist, senior research fellow at the National Oceanography Centre in Southampton. "All things being equal we might expect the ocean temperature record to be broken again in March [or] April 2027," he added.

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25 Aug 2026 3:06am GMT

24 Aug 2026

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Amazon Hikes Hardware Prices By 60%, Blaming Memory Shortage

Amazon has raised the prices of its hardware devices by as much as 60%, blaming "significant increases in memory and storage component costs." TechCrunch reports: The price explosion impacted Fire TVs, Echos, Kindles, and Eeros. One egregious example that's been cited is that of the Echo Dot, one of Amazon's cheapest smart speakers, the price of which jumped 60% overnight, from $49.99 to $79.99. Price-tracking sites like CamelCamelCamel show the stark uptick, which has previously hovered much lower. [...] The company also said that it would continue to offer occasional promotions to customers over the course of the next year. Amazon said in a statement: "The consumer electronics industry is facing significant increases in memory and storage component costs. After absorbing these increases for as long as we could, we recently adjusted pricing across our product lines."

SEC Investigating Near-Implosion of AI Hedge Fund

The SEC is investigating the near-collapse of AI-focused hedge fund Situational Awareness, sending subpoenas to major Wall Street banks for details about the fund's trades, borrowing, and communications with lenders. The fund, founded by former OpenAI researcher Leopold Aschenbrenner, managed over $30 billion and borrowed tens of billions more before leveraged bets unraveled, forcing it to sell most of its stock portfolio to Citadel at a discount. The New York Times reports: The subpoenas asked for details on the timing of Situational Awareness's trades and for its communications with lenders about the money it was borrowing, also known as "leverage," two of those people said. The subpoenas additionally warned the banks to preserve any information regarding the San Francisco hedge fund. The S.E.C. oversees financial markets with an eye toward protecting small investors, and has brought civil cases regularly against investment firms that produced large losses. Any investigation into Situational Awareness would be at its earliest stages, and it's no guarantee that it would lead to fines or other punishment. The hedge fund has not been accused of wrongdoing. [...] Situational Awareness had a fast rise and an even quicker retreat. Founded just two years ago by Leopold Aschenbrenner, a former researcher at OpenAI, it rode the A.I. boom to soaring investment returns. To achieve those results, however, the fund relied on heavy borrowing, as well as complicated and expensive financial instruments that magnify gains -- and losses. The latter piled up quickly last month when the stock prices of publicly traded, high-flying A.I. companies dipped. At the same time, shares in more traditional technology companies -- which the hedge fund had been betting against -- rose, compounding the problem. Situational Awareness was forced into a fire sale. It wound up selling most of its stock portfolio to a rival, Citadel, at a discount.