In an interview, Tim Cook says Apple price hikes are "unavoidable" to offset surging memory and storage chip costs, and "the situation has become unsustainable" (Rolfe Winkler/Wall Street Journal)
https://www.wsj.com/tech/apple-price…
Hey, #Utah. How's about a new, government-funded cult, as a treat?
"These group exercises and private corrections resemble tactics used in Synanon, a notorious and controversial drug treatment program seen as one of the first versions of a therapeutic community model. The Other Side Academy leaders don’t claim a tie to that program. But Delancey Street Foundation — where several ear…
US will start revoking passports for thousands of parents who owe child support, AP learns (Matthew Lee/Associated Press)
https://apnews.com/article/passports-unpaid-child-support-penalty-state-department-42d90cfa8a06ee349bb9145f668919b6
http://www.memeorandum.com/260507/p98#a260507p98
SAP launches its new Autonomous Enterprise software suite, integrating data, cloud, AI, and automation features to streamline business processes (Mauro Orru/Wall Street Journal)
https://www.wsj.com/tech/ai/sap-launches-unified-ai-automation-suite-b02ac784…
A Unified Framework for Uniform-Price Resource Allocation Mechanisms
Ioannis Caragiannis, Dimitris Fotakis, Stratis Skoulakis
https://arxiv.org/abs/2606.06151 https://arxiv.org/pdf/2606.06151 https://arxiv.org/html/2606.06151
arXiv:2606.06151v1 Announce Type: new
Abstract: Mechanisms for allocating a divisible resource among strategic agents have been widely studied. The prominent paradigm is the proportional (Kelly) mechanism, which elicits a scalar bid per agent, allocates the resource proportionally, and charges payments equal to the bids. Follow-up mechanisms improve social welfare, but sacrifice simplicity by introducing complex allocation rules or unintuitive payments.
We introduce a unified framework for designing simple resource allocation mechanisms with proportional-style allocations and uniform pricing. Our framework yields a family of mechanisms that interpolate between the Kelly mechanism and the first-price auction. These mechanisms strictly improve upon Kelly's efficiency guarantees, even achieving full efficiency in equilibrium, while also providing revenue guarantees relative to the VCG mechanism.
toXiv_bot_toot
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https://open.spotify.com/track/6gEAR2wUNyV5D5F0xoNG5m
How AI startups like Altur are using chatbots to help automate debt collection; YC incubated six debt collection and settlement startups in the past six years (Kate Knibbs/Wired)
https://www.wired.com/story/ai-takes-over-debt-collection/
France-based Univity, which seeks to build 3,400 VLEO satellites to reduce Europe's reliance on Starlink, raised €27M, bringing its total funding to €68M (Gianluca Lo Nostro/Reuters)
https://www.reuters.com/business/media-tel…