|
Oceans cover about 70% of the Earths surface, yet the ocean floor remains largely untouched by humans. But perhaps not for long. A Canadian-based firm called the Metals Co. (TMC) recently announced plans to ask the Trump administration to allow it to mine the deep seabed for valuable critical metals in the Pacific Ocean. President Donald Trump is reportedly considering an executive order that would speed up permitting for deep-sea mining, which has prompted outrage from other countries. While some small and exploratory deep-sea mining operations already exist, the practice has yet to happen on a large commercial scale, partly due to fears that it could cause catastrophic damage to the pristine seafloor environment and the wealth of life harbored there. But the worsening climate crisis and the urgent need to transition away from fossil fuels has put deep-sea mining in the spotlight. Clean energy technologies like solar panels, wind turbines, and batteries contain critical minerals like nickel, lithium, cobalt, copper, and manganese, and concerns are growing over whether well have enough of these materials to meet near-term net-zero goals. Some companies have pitched deep-sea mining as a solution. But would the risks be worth the potential rewards? Into the deep TMCs mining process would involve collecting potato-size balls of rock, known as polymetallic nodules, that rest gently on top of the seafloor sediment and contain various critical minerals. These nodules have formed over millions of years, and they carpet vast swathes of the seabed. A large rover-like machine would be lowered from a ship down to the seafloor where it would gather the nodules and send them back up to the ship. (To give you a sense of depth, the area in the Pacific where TMC wants to mine, called the Clarion-Clipperton Zone (CCZ), is a deep-sea abyssal plain some 2.5 miles down and is estimated to hold 21 billion tons of nodules.) The water and sediment that comes up with the nodules would then be pumped back into the ocean. A 2021 concept rendering of a Metals Co. mining device [Image: Bjarke Ingels Group/The Metals Co.] The company says it would pay careful attention not to harm the integrity of the deep-ocean ecosystem during this process and plans to use a real-time monitoring program that will enable it to adapt, pause, and change . . . operations to stay within expected ecological thresholds.” But the nodules themselves are an essential part of that ecosystem, and removing them would have consequences. Nodules are among the only hard surfaces in a vast plain of sludgy sediment, and serve as a habitat for many slow-growing and unique creatures, including sea sponges, corals, and octopuses. And the CCZ likely contains many thousands of species that have yet to be identified. Research suggests that removing the nodules would lead to a loss of food-web integrity and a significant depreciation of faunal biodiversity. Disturbing the ocean food web could have cascading effects, putting many fish populations at risk and threatening the livelihoods and food security of millions of people. (The Trump administration did not respond to request for comment by the time of publication.) There are other concerns. The mere presence of the rover itself in an environment that has remained untouched for millennia would likely disturb its living organisms, most of which exist in the top 2 inches of sediment, explains Oliver Ashford, a marine biologist with the World Resources Institutes Ocean Program. The organisms there aren’t really adapted to rapidly changing currents and being thrown around and disrupted, he says. They’re quite delicate organisms normally. So the physical interaction with that machine might cause death. A recent study published in the journal Nature found that life at a small deep-sea mining test site in the CCZ is still recovering four decades after the tests were conducted. The creatures that arent physically disturbed by the rover could be harmed by changes in temperature, light, and sound. The activity could stir up large plumes of sediment that get picked up by ocean currents and spread across hundreds of miles, smothering and starving sponges and coral and disrupting fishing activities. Theres even some concern that mining could interfere with the oceans natural ability to sequester carbon and produce oxygen, further harming the Earths climate. TMC doesnt deny that deep-sea mining comes with environmental risks, but says the clean energy transition will require trade-offs. Whos in charge around here? The U.N.s International Seabed Authority is responsible for setting environmental and financial regulations for the nascent deep-sea mining industry, but has yet to do so even after years of deliberations. Theyre developing regulations from scratch for an industry that could potentially have a large environmental impact, Ashford says of the ISA. I feel like it’s a process that shouldn’t be rushed. But the sluggish pace of this rulemaking has frustrated some mining firms, including TMC, that are tired of waiting. Technically the United States doesnt have to wait for the ISA to give mining the go-ahead because it never ratified the UN Law of th Sea, the 1994 treaty that put the ISA in charge of seabed mining. This is why TMC has come knocking on Trumps door. The company promises a massive and rapid injection of metals into the U.S. if its allowed to mine the seabed. This is important because demand for critical minerals is expected to more than double by 2030 and triple by 2040 as clean energy technology advances. While mineral reserves are abundant on land, production tends to be concentrated in a handful of countriesin China especiallywhich makes the supply chain unreliable. In the U.S., for example, more than 80% of critical minerals are imported. And heightened trade tensions will further tighten supply: China recently restricted exports of seven rare earth elements in response to Trumps tariffs on Chinese goods. Lack of investment has also made it difficult to rapidly scale up mineral production. Deep-sea mining, therefore, is a path to making real progress toward solving our supply chain problem, TMC says in a promotional video. TMC also argues that deep-sea mining would be less harmful for the environment than terrestrial mining activities. Its true that land mining contributes to pollution, resource depletion, and damage to biodiversity. Mining, by its nature, is not a zero-harm activity. It poses significant risks to the environment and local communities, writes Melissa Barbanell at the World Resources Institute. But its not clear that deep-sea mining would be more sustainable than land mining, and TMC admits that seabed mining is unlikely to replace land mining anytime soon. Peering into the future Some groups predict that rapid technological advances, improved recycling methods, and robust circular economies would be enough to help us use the minerals we have more efficiently, eliminating the need for deep-sea mining altogether. Future mineral demand can be met without deep seabed mining, declared the World Wildlife Fund in a report finding that innovations could curb demand for critical minerals by 20% to 58% by 2050. As with so many new technologies, figuring out whether deep-sea mining is a good idea or a bad one isnt straightforward. A paper published in the journal Ocean Sustainability a few years ago tried to look at the question through an economic lens. The researchers wanted to know: Of all the key stakeholdersfrom mining companies to governments to humanity at largewho really benefits from deep-sea mining, and by how much? Our conclusion was that only the commercial mining companies are likely to get some profit, and it’s not much, says Ussif Rashid Sumaila, a professor of ocean and fisheries economics at the University of British Columbia, and lead author on the paper. The analysis found that revenues would likely be huge for deep-sea mining companies in the first few years while demand for minerals is high, but would drop off as the market is flooded and prices come down. Combine this with high operational costs and the threat of numerous expensive lawsuits, and the long-term viability of deep-sea mining looks tenuous. Some companies, like the Norwegian firm Loke Marine Minerals, have already gone bust due to funding troubles. As for another key stakeholdernatureSumailas paper concluded that the costs of managing environmental damage caused by deep-sea mining will likely be astronomical. Look, he says, sometimes you just have to leave things alone.
Category:
E-Commerce
Substack and Patreon are vying to become creators primary revenue stream. For most influencers, payouts from platforms like Meta or Google arent enough to build a sustainable career. Rather than spending their days hawking products, many creators are turning to direct fan support, and two companies dominate that space: Patreon and Substack. Patreons latest move targets streamers. Its native livestreaming feature, currently in demo and set for a broad rollout this summer, could attract gamers and broadcasters alike. But Substack beat them to it, launching a similar live video tool just three months earlier. As the two platforms expand their offerings, the rivalry for creator loyalty is heating up. The market for creator livestreams Video already performs well on the platform: Its Patreons second-highest-earning media category after podcasting. Many Twitch streamers rely on Patreon as a more stable source of subscription revenue, preferring it to Twitchs unpredictable payouts. With the addition of live video, Patreon is betting that more of these streamers will shift even larger parts of their operations to its platform. Creators can use livestreams to attract new free members, but they can also use it to encourage free members to pay to upgrade to unlock a Live so that creators are earning the most from their fans, writes Drew Rowny, Patreons VP of Product, in an email to Fast Company. Native livestreams will also be a part of our existing ticketed events experience on Patreon. Live will become a part of our tools that already convert 700,000 free memberships to paid each month. But Substack, which was founded four years after Patreon, already has the upperhand. The platform introduced livestreaming to top-performing creators in September, then expanded access sitewide in January. Video is now central to Substacks strategy: 82% of its 250 highest-earning creators are using audio and video in their work. Since its inception, Substack has been a refuge for journalists leaving legacy mediaand its live video feature is now drawing in television anchors as well. Don Lemon and Jim Acosta both stream on Substackand sometimes, they stream together. As of 2025, roughly one in three live videos on the platform are cohosted with another Substack creator. Earlier this month, former MSNBC host Chris Matthews announced hell be streaming there, too. The important thing about live video, community features, or any other publishing tools is that they aren’t just standalone featuresthey’re connected to a network that helps publishers grow both audience and revenue, Substack cofounder Hamish McKenzie writes in an email to Fast Company. That’s what Substack does exceptionally well. Who will win the creator subscription market? Second-stream creator revenue has been Patreons domain for over a decade. But Substack has recently inched its way, courting TikTok creators with big-money incentives. To some extent, the budding strategy has worked. When Hannah Neeleman, the infamous trad wife behind Ballerina Farm, wanted to venture outside of TikTok, she started a Substack newsletter. So have a good many shopping influencers, wanting to more easily insert affiliate links. Not long ago, Patreon would have been these creators only option. Of course, Substack doesnt think of itself as a Patreon competitor. It wants to be known as a wider social media platform, and not just a subscription serviceeven if it continues to tout its five million paid subscriptions. Substack is a destination people visit specifically to discover new voices and find creators to subscribe to,” McKenzie says. “Users willingly engage with all content forms while there, whether it’s livestreaming, reading, watching videos, or listening to podcasts. In that sense, Substack is truly a 360-degree platform, offering creators everything they need. It’s more comparable to YouTube than to Patreon. That doesnt mean Patreon is losing its grip. The company emphasizes that more than half of the $290 billion creator economy comes from direct-to-fan paid programs. The growth of other platforms could just be a sign of an expanding industry. Were seeing more and more platforms helping creators to connect directly with their fanswhich is a great thing for the creator economy, Patreons Rowny writes. Creators can build tighter communities, grow their audience more, and earn more income on Patreon. Were laser-focused on helping creators manage and grow their direct-to-fan businesses.
Category:
E-Commerce
Welcome to the world of social media mind control. By amplifying free speech with fake speech, you can numb the brain into believing just about anything. Surrender your blissful ignorance and swallow the red pill. Youre about to discover how your thinking is being engineered by modern masters of deception. The means by which information gets drilled into our psyches has become automated. Lies are yesterday’s problem. Today’s problem is the use of bot farms to trick social media algorithms into making people believe those lies are true. A lie repeated often enough becomes truth. We know that China, Iran, Russia, Turkey, and North Korea are using bot networks to amplify narratives all over the world, says Ran Farhi, CEO of Xpoz, a threat detection platform that uncovers coordinated attempts to spread lies and manipulate public opinion in politics and beyond. Bot farm amplification is being used to make ideas on social media seem more popular than they really are. A bot farm consists of hundreds and thousands of smartphones controlled by one computer. In data-center-like facilities, racks of phones use fake social media accounts and mobile apps to share and engage. The bot farm broadcasts coordinated likes, comments, and shares to make it seem as if a lot of people are excited or upset about something like a volatile stock, a global travesty, or celebrity gossipeven though theyre not. Meta calls it coordinated inauthentic behavior. It fools the social networks algorithm into showing the post to more people because the system thinks it’s trending. Since the fake accounts pass the Turing test, they escape detection. Unlike conventional bots that rely on software and API access, bot farm amplification uses real mobile phones. Racks and racks of smartphones connected to USB hubs are set up with SIM cards, mobile proxies, IP geolocation spoofing, and device fingerprinting. That makes them far more difficult to detect than the bots of yore. Its very difficult to distinguish between authentic activity and inauthentic activity, says Adam Sohn, CEO of Narravance, a social media threat intelligence firm with major social networks as clients. Its hard for us, and were one of the best at it in the world. Disinformation, Depression-era-style Distorting public perception is hardly a new phenomenon. But in the old days, it was a highly manual process. Just months before the 1929 stock market crash, Joseph P. Kennedy, JFKs father, got richer by manipulating the capital markets. He was part of a secret trading pool of wealthy investors who used coordinated buying and media hype to artificially pump the price of Radio Corp. of America shares to astronomical levels. After that, Kennedy and his rich friends dumped their RCA shares at a huge profit, the stock collapsed, and everyone else lost their asses. After the market crashed, President Franklin D. Roosevelt made Kennedy the first chairman of the Securities and Exchange Commission, putting the fox in charge of the henhouse. Today, stock market manipulators use bot farms to amplify fake posts about hot stocks on Reddit, Discord, and X. Bot networks target messages laced with ticker symbols and codified slang phrases like cmon fam, buy the dip, load up now and keep pushing. The self-proclaimed finfluencers behind the schemes are making millions in profit by coordinating armies of avatars, sock puppets, and bots to hype thinly traded stocks so they can scalp a vig after the price increases. We find so many instances where there’s no news story, says Adam Wasserman, CFO of Narravance. There’s no technical indicator. There are just bots posting things like this stocks going to the moon and greatest stock, pulling out of my 401k. But they arent real people. Its all fake. In a world where all information is now suspect and decisions are based on sentiment, bot farm amplification has democratized market manipulation. But stock trading is only one application. Anyone can use bot farms to influence how we invest, make purchasing decisions, or vote. These are the same strategies behind propaganda efforts pioneered by Russia and the Islamic State to broadcast beheadings and sway elections. But theyve been honed to sell stocks, incite riots, and, allegedly, even tarnish celebrity reputations. Its the same song, just different lyrics. People under the age of 30 don’t go to Google anymore, says Jacki Alexander, CEO at pro-Israel media watchdog HonestReporting. They go to TikTok and Instagram and search for the question they want to answer. It requires zero critical thinking skills but somehow feels more authentic. You feel like youre making your own decisions by deciding which videos to watch, but you’re actually being fed propaganda thats been created to skew your point of view. Its not an easy problem to solve. And social media companies appear to be buckling to inauthenticity. After Elon Musk took over Twitter (now X), the company fired much of its anti-misinformation team and reduced the transparency of platform manipulation. Meta is phasing out third-party fact-checking. And YouTube rolled back features meant to combat misinformation. On TikTok, you used to be able to see how many times a specific hashtag was shared or commented on, says Alexander. But they took those numbers down after news articles came out showing the exact same pro-Chinese propaganda videos got pushed up way more on TikTok than Instagram. Algorithmically boosting specific content is a practice known as heating. If theres no trustworthy information, what we think will likely become less important than how we feel. Thats why were regressing from the Age of Sciencewhen critical thinking and evidence-based reasoning were centralback to something resembling the Edwardian era, which was driven more by emotional reasoning and deference to authority. When Twitter introduced microblogging, it was liberating. We all thought it was a knowledge amplifier. We watched it fuel a pro-democracy movement that swept across the Middle East and North Africa called the Arab Spring and stoke national outrage over racial injustice in Ferguson, Missouri, planting the seeds for Black Lives Matter. While Twitter founders Evan Williams and Jack Dorsey thought they were building a platform for political and social activism, their trust and safety team was getting overwhelmed with abuse. Its like they never really read Lord of the Flies. People who dont study literature or history, they dont have any idea of what could happen, said tech journalist Kara Swisher in Breaking the Bird, a CNN documentary about Twitter. Your outrage has been cultivated Whatever gets the most likes, comments, and shares gets amplified. Emotionally charged posts that lure the most engagement get pushed up to the top of the news feed. Enrage to engage is a strategy. Social media manipulation has become very sophisticated, says Wendy Sachs, director-producer of October 8, a documentary about the campus protests that erupted the day after the October 7th Hama attack on Israel. It’s paid for and funded by foreign governments looking to divide the American people. Malicious actors engineer virality by establishing bots that leach inside communities for months, sometimes years, before they get activated. The bots are given profile pics and bios. Other tricks include staggering bot activity to occur in local time zones, using U.S. device fingerprinting techniques like setting the smartphones internal clock to the time zone to where an imaginary user supposedly lives, and setting the phones language to English. Using AI-driven personas with interests like cryptocurrency or dogs, bots are set to follow real Americans and cross-engage with other bots to build up perceived credibility. Its a concept known as social graph engineering, which involves infiltrating broad interest communities that align with certain biases, such as left- or right-leaning politics. For example, the K-pop network BTS Army has been mobilized by liberals, while Formula 1 networks might lend themselves to similar manipulation from conservatives. The bots leach inside these communities and earn trust through participation before agitating from within. Bot accounts lay dormant, and at a certain point, they wake up and start to post synchronously, which is what we’ve observed they actually do, says Valentin Châtelet, research associate at the Digital Forensic Research Lab of the Atlantic Council. They like the same post to increase its engagement artificially. To set up and manage thousands of fake social media accounts, some analysts believe that bot farms are deployed with the help of cyber criminal syndicates and state sponsorship, giving them access to means that are not ordinary. View this post on Instagram
Category:
E-Commerce
All news |
||||||||||||||||||
|