Business

A US judge has cleared the way for billions of dollars to be refunded to former customers of bankrupt crypto exchange FTX. At a court hearing in Wilmington, Delaware, on Monday, judge John Dorsey gave final approval to FTX’s reorganization plan, the terms of which had previously been put to creditors and voted through by

When investors poured $6.6 billion into OpenAI last week, they seemed largely unbothered by the latest drama, which recently saw the company’s chief technology officer, Mira Murati, along with chief research officer Bob McCrew and Barret Zoph, a vice president of research, abruptly quit. And yet those three departures were just the latest in an

Ball adds that the speed at which brands wanted to act, without a real plan or understanding of the space, created issues for its longevity: “There was definitely a lot of, ‘We need to do this because everyone’s doing it,’ and ‘We need to do this because shareholders expect us to be doing it.’ There

When Charlie Kelly first messaged saying he wouldn’t make it home that night, his partner wasn’t happy. It was September 6, 2023, a Wednesday, and the 56-year-old, a keen hillwalker, had left the house that he shared with Emer Kennedy in Tillicoultry, near the Scottish city of Stirling, before she went to work. His plan

The company has always had premium prices, but in certain categories the products haven’t always matched the brand’s prestige: 2010s attempts at noise-canceling earbuds were bulky, sounded middling, and had poor battery life; and it also sold a line of too-expensive Bluetooth speakers with screens that nobody needed. Then, after its physical storefronts were not

Typically, Muench says, the solution isn’t something too complicated: Just build infrastructure higher. But engineers can’t build roads and bridges to survive every disaster, which would lead to expensive, overbuilt projects that would “take generations to finish,” says Muench. ‘Rice Krispie’ Roads When engineers are rebuilding roads from scratch, they have also started to use

Soon you could see Waymo self-driving tech in Hyundai cars. The autonomous driving tech developer Waymo said this week that it would partner with the Korean automaker Hyundai to equip a fleet of its electric vehicles with self-driving technology. The vehicles, modified Ioniq 5s, will hit the road as part of Waymo’s self-driving ride-hail service

Europe’s most famous privacy activist, Max Schrems, landed another blow against Meta today after the EU’s top court ruled the tech giant cannot exploit users’ public statements about their sexual orientation for online advertising. Since 2014, Schrems has complained of seeing advertising on Meta platforms targeting his sexual orientation. Schrems claims, based on data he

“I think you can envision this playing out pretty well for BYD, actually,” says Ilaria Mazzocco, a senior fellow at the Center for Strategic and International Studies. “And also, they’re going to have less competition from other Chinese automakers.” BYD is known for its ability to control production costs, so it can still sell its

Meta just announced its own media-focused AI model, called Movie Gen, that can be used to generate realistic video and audioclips. The company shared multiple 10-second clips generated with Movie Gen, including a Moo Deng-esque baby hippo swimming around, to demonstrate its capabilities. While the tool is not yet available for use, this Movie Gen

Successful leaders have known all along the danger of such shortcuts. That’s why Jeff Bezos, when he was CEO of Amazon, banned PowerPoint from his meetings. He famously demanded that his underlings produce a meticulous memo that came to be known as a “6-pager.” Writing the 6-pager forced managers to think hard about what they

Tsai didn’t mention Pinduoduo by name, but from its beginnings, the shopping platform has never made the merchant its focus like Alibaba did: It has always prioritized getting the user the lowest price online. “In retail ecommerce, price wars are continuous and will never stop,” says Zhuang Shuai, retail analyst and founder of Bailian Consulting.

Although both writing and coding modes give the choice of requesting in-line edits, the bifurcated user interface for canvas is designed with one additional set of shortcuts for those focused on AI-assisted writing and another for coders. In the demo, Levine showed off how the writer’s shortcut could be used to condense the number of

When Google Lens was introduced in 2017, the search feature accomplished a feat that not too long ago would have seemed like the stuff of science fiction: Point your phone’s camera at an object and Google Lens can identify it, show some context, maybe even let you buy it. It was a new way of

You hardly need ChatGPT to generate a list of reasons why generative artificial intelligence is often less than awesome. The way algorithms are fed creative work often without permission, harbor nasty biases, and require huge amounts of energy and water for training are all serious issues. Putting all that aside for a moment, though, it

Telegram CEO Pavel Durov today defended recent changes to his platform, amid concerns his arrest in France has made the messaging app more compliant with legal requests to share user data with the authorities. Durov attempted to minimize the significance of changes made to the app since he was arrested in August and charged with

Two podcasts hosts banter back and forth during the final episode of their series, audibly anxious to share some distressing news with listeners. “We were, uh, informed by the show’s producers that we’re not human,” a male-sounding voice stammers out, mid-existential crisis. The conversation between the bot and his female-sounding cohost only gets more uncomfortable

Kteily says by the time the company rolled out these services, it was too late. Customers had already left the platform. “I think they hit on something viral, which was the concept of where you’ve come from. People found that so fascinating. But once you know that information, you’re not going to come back five

We don’t save any of the material with Copilot Vision, so once you close the browser after your session, it all just disappears. It fully deletes. But I’m thinking about if and how to introduce it in the future, because a lot of people do want that experience. If you could just say, ‘What was

Microsoft deleted the over-eager office assistant Clippy some 17 years ago, but the vision for a friendly and optimistic AI helper has apparently found its way out of the Recycle Bin. The company is overhauling Copilot, the text-based artificial intelligence tool bundled with Windows and other software, with the addition of vision, voice, and the

A spokesperson for Sibelco said: “As of September 26th, we have temporarily halted operations at the Spruce Pine facilities in response to these challenges. “We are working closely with our local team to safely restart operations as soon as we can and are actively coordinating with local authorities and other partners to manage the situation.

A select number of all-electric Tesla Cybertrucks now have the ability to drive on US highways hands-free, after the automaker pushed an update to vehicles this morning. Tesla AI head Ashok Elluswamy wrote on X that Cybertrucks will be the first Tesla vehicles to receive the “end-to-end on highway” driving feature, which the company says

So far, when AI companies have trained on YouTube’s invaluable stash of videos, captions, and other content, they’ve done so without permission. An AI-focused content licensing startup called Calliope Networks is hoping to change that with its new “License to Scrape,” a program aimed directly at YouTube stars. “There’s obvious demand from AI companies to

Tim Sweeney, the CEO of Epic Games, had always worried that his company’s victory last year in a multimillion-dollar legal battle against Google’s app store monopoly wouldn’t be enough to open up competition. Even if Google could no longer keep alternative marketplaces out of Android, phone manufacturers could make them harder to access. In a

We already knew where OpenAI’s CEO, Sam Altman, stands on artificial intelligence vis-à-vis the human saga: It will be transformative, historic, and overwhelmingly beneficial. He has been nothing but consistent across countless interviews. For some reason, this week he felt it necessary to distill those opinions in a succinct blog post. “The Intelligence Age,” as

If you step into the headquarters of the Internet Archive on a Friday after lunch, when it offers public tours, chances are you’ll be greeted by its founder and merriest cheerleader, Brewster Kahle. You cannot miss the building; it looks like it was designed for some sort of Grecian-themed Las Vegas attraction and plopped down

Chinese regulators likely learned from the EU AI Act, says Jeffrey Ding, an assistant professor of Political Science at George Washington University. “Chinese policymakers and scholars have said that they’ve drawn on the EU’s Acts as inspiration for things in the past.” But at the same time, some of the measures taken by the Chinese

Under Chinese law, only 10 percent of a company’s staff is supposed to be made up of labor dispatch workers. But Zhang says the regulations are often not rigorously enforced. She noted that companies can also circumvent the limit by hiring workers categorized under different outsourcing schemes that function in largely the same way, a

At the start of September, Nour was having an ordinary evening at home in Beirut—eating pumpkin seeds and watching Netflix—when the SMS hit her device like the smartphone version of a brick through her window. The sender name appeared as eight question marks, “????? ???”, and in the message preview she could read, in clunky,

In May 2023, Air India launched safety management software called Coruson, as well as BAM (Boeing Alertness Model), a fatigue-mitigation tool integrated into its rostering system, which is used by airlines to create and manage pilot schedules. Coruson, developed by cloud software company Ideagen, centralizes, analyzes, and reports on safety-related data—such as incidents, hazards, and