German chain Tegut under pressure from law closing businesses on Sundays | Fortune Europe

xxx

Retailers have found a few ways around it, so consumers aren’t devoid of options on their rest day. Supermarket chain Tegut, for instance, has run automated stores without any human workers for the past four years.

But now, even those won’t open after a German court upheld a ban impacting Tegut’s stores—even those without human staff—forcing them to remain closed on Sundays. In December, it ruled that Tegut’s 40 automated shops will not be excluded from the Sunday rest law, or Sonntagsruhe, despite the absence of workers.

A member of Tegut’s management board, Thomas Stäb, described the move as “entirely grotesque” in an interview with the Financial Times, since the shops were more like “walk-in vending machines” than actual supermarkets. Business on Sundays also contributed to up to 30% of the shops’ weekly sales as few establishments are typically running.

From: German chain Tegut under pressure from law closing businesses on Sundays | Fortune Europe.

Automated supermarkets aren’t exacty new.

xxx

We’re in Memphis Tennessee, 1948, at the Keedoozle store, a vending machine concept developed by the man behind Piggly Wiggly, Clarence Saunders, who had patented the concept of the “Self-Serving Store” in 1917.

From: The Vending Machine Supermarket, 1948.

In the 1930s, Clarence Saunders, founder of the Memphis, Tennessee-based Piggly Wiggly supermarket chain, introduced the “Keedoozle.” Customers viewed products behind glass-enclosed display cabinets, then inserted a key into a corresponding keyhole near the display cabinet to identify the product they wanted, according to Wikipedia. Stock personnel then put the selected items onto conveyor belts that took the products to the cashier for checkout. The system, which was not fully automatic, proved mechanically unreliable.

The idea of a vending machine version of supermarket has been tried in the UK as well. I can remember working on a project for one of the major supermarket chains here many years ago. The project was to do with communications and although I can’t remember exactly what it was I was doing, I know it involved looking at different types of stores to try to work out the bandwidth requirements of the town centre mini stores, the edge of town stores and the out of town macro stores.

At that time one of the stores had been fitted with an experimental vending machine which carried a limited number of goods (I think from memory it was 300 lines but I may be wrong) that could be sold outside stores hours. I can’t remember where it was exactly but it was somewhere up near Manchester I think. I do remember that I was dispatched to visit the store very early in the morning to talk to the manager and some of the employees before the store opened for business. I done this at a couple of other stores, but this one was particularly interesting because of the vending machine.

As a junior deputy assistant under consultant I took my pencil and notepad and went off to see the woman who was in charge of the vending machine. I don’t remember anythign about the communications requirements, other than that it was fitted with a (then new) chip and PIN reader that was desgined for external use. I do, however, remember the two key things that I learned about this fascinating experiment in automated shopping. I asked her what the best selling items in the vending machine (just out of curioisty as it had nothing to do with the bandwidth requirements) and she told me that the two top items were milk and condoms. When I commented, somewhat naïvely, that I didn’t understand the connection between the two she told me it was because of the nursing accomodation near the supermarket. And I remember, pencil poised, what the main lesson learned from the vending machine experiment had been and she told me “you have to sellotape the egg boxes shut”. So much for high technology.

The Evolving Landscape of Non-Human Identity – Spherical Cow Consulting

xxx

The big picture here is the software supply chain. A software supply chain is the collection of components, libraries, tools, and processes used to develop, build, and publish software. Software is very rarely one monolithic thing. Instead, it’s made up of lots of different components. Some may be open-source libraries, and some may be proprietary to the company selling them.

From: The Evolving Landscape of Non-Human Identity – Spherical Cow Consulting.

xxx

 

xxx

Users of the open source XZ Utils data compression library may have narrowly avoided falling victim to a major supply chain attack, after evidence of an apparently intentionally placed backdoor in the code was revealed.

The malicious code, embedded in versions 5.6.0 and 5.6.1 of the library, enabled unauthorised access to affected Linux distributions, and over the past few days has been the subject of alerts from the likes of Red Hat and the US Cybersecurity and Infrastructure Security Agency (CISA).

From: Open source alert over intentionally placed backdoor | Computer Weekly.

xxx

The Evolving Landscape of Non-Human Identity – Spherical Cow Consulting

xxx

This new kind of non-human identity operates in ways human identities don’t. Batch processing is a great example since the process does not necessarily act on behalf of a user. Training an AI model is batch processing that runs for a week and has no human involved. Batch transactions in the bank, such as payroll, run unsupervised and aren’t handled as a person. Furthermore, a human may be flagged by a computer’s security system as showing strange behavior when they are logging in from both Brisbane and Chicago simultaneously. An application, in all its glory, may suddenly expand to be in data centers around the world because it’s dealing with a Taylor Swift concert sale. What would be anomalous for a person is just another day in cloud computing.

From: The Evolving Landscape of Non-Human Identity – Spherical Cow Consulting.

xxx

TikTok Plots Using Virtual Influencers for Advertising — The Information

xxx

TikTok touts itself as a platform where creators can stand out and build a following. But the company has begun discussing with advertisers an artificial intelligence-powered feature that would generate avatars to star in videos—virtual influencers that would potentially compete with human creators for ad deals.

From: TikTok Plots Using Virtual Influencers for Advertising — The Information.

xxx

Tokenization: BofE concerned incumbents won’t deliver. Fragmentation worries IMF – Ledger Insights – blockchain for enterprise

xxx

While several central banks are experimenting with wholesale central bank digital currency (CBDC), instead the UK created central bank omnibus accounts for institutions. This supported the creation of Fnality, a private institutional form of tokenized money. To receive Fnality tokens, institutions transfer money to Fnality’s omnibus central bank account. Ms Breeden described this as simulated central bank money.

From: Tokenization: BofE concerned incumbents won’t deliver. Fragmentation worries IMF – Ledger Insights – blockchain for enterprise.

xxx

Vietnamese property tycoon sentenced to death in $27bn fraud case | Vietnam | The Guardian

A property tycoon has been sentenced to death in one of the biggest corruption cases in Vietnam’s history, with an estimated $27bn (£21.5bn) in damages.

 

A panel of three hand-picked jurors and two judges rejected all defence arguments by Truong My Lan, the chair of the major developer Van Thinh Phat, who was found guilty of swindling cash from Saigon Commercial Bank (SCB) over a decade.xxx

Lan embezzled $12.5bn, but prosecutors said on Thursday the total damages now amounted to $27bn, a figure equivalent to 6% of the country’s GDP in 2023. Police identified around 42,000 victims of the scandal.

From: Vietnamese property tycoon sentenced to death in $27bn fraud case | Vietnam | The Guardian.

xxx

China is flooding Britain with fake stamps as rogue firms land thousands of innocent British victims with £5 penalties | Daily Mail Online

The British media were recently reporting on an apparent flood of fake postage stamps coming in to the kingdom fro China. These a proving to be a huge problem and a great annoyance to the populace, since if you are sent a letter that has a bogus stamp on it, then you have to pay the princely sum of five British pounds to get the letter from the Post Office (only to discover it’s a marketing flyer about sheds, or something similar).

So what has brought about the sudden onset of what excitable observers are calling “‘economic warfare”. After all, Royal Mail stamps have only recently made their first technological leap in generations with the addition of bar codes, so why would counterfeiters now pile in? I tend to think that the additional security explains the problem! That is, I suspect that there has always been a goodly trade in fake stamps, but the addition of the bar codes now means that the fakes are being detected. There is not an increase in counterfeiting at all, there is an increase in counterfeit detection.

My review of Suno, AI-generated music – Marginal REVOLUTION

xxx

Try it here, click on the right on the mention of making full, two-minute songs and use the Explore tab.  To me it is remarkable the resulting AI-generated music is as good as it is.  But it still isn’t anything I would listen to, other than out of curiosity.  It is best at edm, standardized genres such as routine heavy metal, and certain ethnic musics, especially if “the affect” can be created by methods of layering.  Its weakness is an ability to generate the simple, memorable melody, a’la Sir Paul or the other Paul namely Paul Simon.  For my taste there is “not enough music in the music.”  Suno cannot yet create the ineffable something, which is what I listen to music for.

That said, it is not worse than what most people listen to.  It remains to be seen at what pace progress will be made, or whether current approaches, extrapolated to allow for further improvement, can get us to real music, rather than stuff that sounds like music.

From: My review of Suno, AI-generated music – Marginal REVOLUTION.

xxx

🧠 Brazil: The country of Fintech’s Future

xxx

e) Payments and open banking regulation. For payments, Brazil has both bank licenses and “instituição de pagamentos” (P.I.s), which can initiate and process payments, issue cards, and serve as on and off-ramps for various services. There are some other licenses for forex-only banks and other services. Brazil also adopted an open banking regulation, which is similar to PSD2 in Europe but arguably more efficient and has more mandatory elements.

From: 🧠 Brazil: The country of Fintech’s Future.

xxx

Design a site like this with WordPress.com
Get started