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‘Storage Wars’ Star Darrell Sheets’ Phone Being Examined by Cops in Cyberbullying Probe

2024 02 17 14 59 57 1536x138


‘Storage Wars’ Darrell Sheets
Cell Phone Turned Over to Cops …
Amid Cyberbullying Probe

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The BEST Budget eRig? (Yocan Black Celestial) #erig #dabs #710



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PayPal says it’s ‘becoming a technology company again.’ That means AI.

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PayPal is looking towards the future, despite its falling stock and looming layoffs. In its first-quarter earnings call, CEO Enrique Lores told investors that PayPal needs to “recommit to the fundamentals,” which included “becoming a technology company again.”

There was no need to read between the lines — PayPal was pitching an AI-powered turnaround.

Lores explicitly said so, telling analysts on this week’s call that leading companies find ways to differentiate themselves by innovating, and that now is the time for PayPal to take action. This includes modernizing its tech platform, moving faster to become “cloud-native,” and “aggressively adopting AI in our development processes,” Lores said. The latter would increase developer productivity and shorten time to market, he added.

It’s a startling admission from PayPal that it has yet to fully embrace AI in-house, when AI-assisted coding is one of the breakout areas where the technology has truly excelled.

Other consumer tech companies have rapidly adopted AI in recent months to assist with coding, with Spotify even declaring in February that its top developers haven’t written a line of code since December. Meanwhile, top dev teams are trying to outcompete one another by tokenmaxxing — a proxy for understanding who at the company is experimenting with AI more often, based on the number of AI tokens they use.

PayPal is only now catching up, it seems.

Lores said the company has formed a new “AI transformation and simplification” team to help with its enterprise AI agenda. Combined with the planned layoffs, which Lores characterized as PayPal removing layers from its organizational structure, the addition of AI-enabled processes is expected to bring the company at least $1.5 billion in cost savings over the next two to three years, he said.

The company announced last week it was reorganizing its business, which streamlines the operation into three segments: checkout solutions and PayPal, consumer financial services (and Venmo) as well as payment services and crypto. In addition, Bloomberg reported on Tuesday that PayPal plans to cut around 20% of its workforce over the next two to three years as part of its cost-savings plan, equating to north of 4,500 jobs.

More cost savings will come from PayPal’s plans for AI adoption, company execs said on the call. That includes bringing AI into areas beyond coding, like customer service, support operations, and risk management, to name a few.

“I think the changes that AI will enable us to do are going to drive — are going to be very significant,” said Lores. “This is why we created a group last week, reporting to me, that is going to be in charge of driving — function by function, process by process — this AI transformation. And this is not about adopting AI as a technology, where we have done many pilots in the company, and we have seen what is possible. It’s really about understanding how can we redesign the key processes … this is what we have seen that really will drive significant savings.”

Announcing an AI-driven push to cut costs while eliminating thousands of jobs underscores a core criticism of the technology — it comes with a human cost

It’s worth noting that, in this case, PayPal was already in need of restructuring. The company may have beat on its first-quarter earnings with revenue of $8.4 billion, up 7% year-over-year, but it forecast weak guidance for the second quarter, sending the stock tumbling after earnings. That follows a long post-pandemic decline that has sent the stock down over 80% from its 2021 high and has stunted PayPal’s growth.

Asked if separating Venmo into its own business meant the company would be open to selling it, Lores said that, for now, this is what made the most sense in terms of the turnaround plan. Still, he signaled openness to future deals by saying “my number one priority is to maximize shareholder value,” in answer to an analyst’s question about a sale.

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‘General Hospital’ Star Steve Burton Drags Ex-Wife to Court Over Custody Issues

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‘General Hospital’ Star Steve Burton
Drags Ex-Wife to Court Over Custody Issues
Over 11-Year-Old Daughter

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Man Accused of Starting Palisades Fire Admired Luigi Mangione, Prosecutors Say

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Federal prosecutors say the man accused of starting one of the most destructive fires in California history was fascinated by fire and by Luigi Mangione, who became a populist hero to some after he was charged with murdering a health insurance executive.

Jonathan Rinderknecht, 30, is accused of intentionally setting a fire in the Santa Monica Mountains that later exploded into the Palisades fire, which killed 12 people and destroyed thousands of homes across the Pacific Palisades neighborhood of Los Angeles in January last year.

A trial memorandum released by federal prosecutors last week paints a portrait of Mr. Rinderknecht in the weeks before the fire as a lonely and erratic man who was angry at the world, particularly the rich.

Federal prosecutors say that in December 2024, the month before the fire, Mr. Rinderknecht had been living alone in an apartment in North Hollywood and working as an Uber driver.

He seemed to have followed the case of Mr. Mangione, who is charged with fatally shooting Brian Thompson, the chief executive of UnitedHealthcare, in New York City on Dec. 4, 2024.

In the wake of the shooting, Mr. Mangione became a folk hero to some people, who saw him as striking a blow against the health insurance industry and its profits. (Mr. Mangione is set to stand trial on a second-degree murder charge in September.)

Mr. Rinderknecht searched for Mangione-related news, using the search terms “free Luigi Mangione,” “lets take down all the billionaires” and “reddit lets kill all the billionaires,” according to court documents.

When investigators later asked Mr. Rinderknecht why someone might commit arson in the Palisades, he said it would be out of resentment of the rich, and he compared such a fire to the murder for which Mr. Mangione was charged. “We’re basically being enslaved by them,” he told investigators.

Mr. Rinderknecht was arrested in October and has been charged with three arson-related counts. He has pleaded not guilty, and his lawyers maintain that the fire was sparked by fireworks. Mr. Rinderknecht is being held at the Metropolitan Detention Center in downtown Los Angeles. His trial is set for June.

His lawyer, Steven Haney, pushed back on federal prosecutors’ latest narrative. He said that they were politicizing the case and offering “wild motives and conspiracy theories.” He said that the focus on Mr. Mangione revealed a lack of concrete evidence.

“If fascination with Luigi Mangione is evidence of arson, the U.S. attorney’s office is going to need a much bigger courtroom — because they’ll have to indict half the country,” he said in an email.

Prosecutors pointed to other factors that might have affected Mr. Rinderknecht’s state of mind on New Year’s Eve, just before prosecutors say the fire was set.

Mr. Rinderknecht was unable to secure plans for the evening and “exhibited extreme anger, indignation and frustration” about that, according to an affidavit. He was upset about his relationship with a co-worker whom he had dated earlier in the year. He shared information about his feelings toward her with ChatGPT more than 50 times, according to the court documents.

On Dec. 30, the woman asked Mr. Rinderknecht for space. He then left her “two manic voice mails,” according to the affidavit. He reached out to two other people to try to make alternate plans, but neither came through.

On New Year’s Eve, he drove several Uber passengers, who later recalled that he had been driving erratically, ranting about Mr. Mangione, capitalism and vigilantism. He dropped off his final passenger in Pacific Palisades and hiked up a trail, where he listened to a French rap song about despair. (The music video for the song shows the singer lighting things on fire, prosecutors note.)

He was obsessed with fire, prosecutors say. A few months before the Palisades fire, he asked ChatGPT to generate images of people running away from a burning forest. On Dec. 5, he viewed images of a wildfire in Southern California caused by arson. On Dec. 29, he filmed fire engines leaving a Hollywood station and said out loud, presumably to himself, “They’re coming for you, bro,” and warned himself to get his mind in order and “not be liking this craziness,” according to the court documents.

Prosecutors say that just after midnight he lit a fire in the chaparral, and then repeatedly called 911. He watched as fire trucks arrived and took videos of their efforts. That blaze, known as the Lachman fire, was not fully put out; it rekindled amid terrible winds seven days later and became known as the Palisades fire, prosecutors say.

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