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The new feed will only show posts from users who have paid for Meta's Verified subscription. Social media giants like Meta and X are looking to get more users to pay for their platforms. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The ability to post in the new verified channel will be available for all users who pay for Meta's verified badge. The paid subscription, which was announced by Mark Zuckerberg in February , costs $12 on the web and $15 on the Instagram app.
Persons: Adam Mosseri, , Mark Zuckerberg, Zuckerberg, Elon Musk Organizations: Meta's, Social, Service, Meta, Facebook, Twitter Locations: Australia, New Zealand, Europe
The $13,000 "Kei car" has left rivals such as Tesla in the dust. Mini "Kei trucks" are taking off in the US, with some being sold for as little as $5,000. AdvertisementAdvertisementTesla may dominate the global EV market — but for drivers in Japan, a $13,000 tiny car is proving a better investment. Their cousins, Kei trucks, have become increasingly in demand in the US in recent years. Kei trucks such as the Daihatsu Hijet have become increasingly popular in the US.
Persons: , minicar, Sakura, Nissan Sakura, Elon, Kei, Warren, TORU YAMANAKA, Suzuki Organizations: Bloomberg, Service, Nissan, Mitsubishi, Tesla, Daihatsu, EV Locations: Japan, America
Dropbox will pay $79 million to give up 165,000 square feet of office space at its San Francisco HQ. The company switched to remote working during the pandemic and workers now follow a '90/10' routine. CEO Drew Houston has backed remote working, and said the return-to-office push is doomed to fail. AdvertisementAdvertisementDropbox is spending $79 million to give up a quarter of its San Francisco headquarters, as it continues to bet that remote working is here to stay. Dropbox's move to cut back on its physical office space is a fresh blow to San Francisco, which is going through a commercial real estate crisis .
Persons: Dropbox, Drew Houston, , Fortune, Houston, Jones Lang LaSalle Organizations: San Francisco HQ, Service, San, SEC, CNBC, Jones Locations: San Francisco, Mission Bay
Google's Philip Moyer told Insider that generative AI will boost job satisfaction. He said AI tools are cutting out tedious work and that workers are now "waiting for it to show up." Some fear AI could lead to job losses, with Goldman Sachs saying 300 million jobs could be impacted. Philip Moyer, vice president of Google Cloud's global AI business, told Insider that rather than taking workers' jobs, generative AI tools like ChatGPT and Bard will likely boost job satisfaction and help employees be more productive. However, it has faced questions over the accuracy of generative AI tools such as its Bard chatbot, which like its rival ChatGPT is prone to "hallucinating" wildly false information .
Persons: Google's Philip Moyer, Goldman Sachs, , Philip Moyer, Bard, Netzer, you've, Moyer, ChatGPT Organizations: Service, Google, National Bureau of Economic Research, Columbia University, Microsoft
Meta's chief AI scientist Yann LeCun said that superintelligent AI is unlikely to wipe out humanity. He told the Financial Times that current AI models are less intelligent than a cat. AI CEOs signed a letter in May warning that superintelligent AI could pose an "extinction risk." AdvertisementAdvertisementFears that AI could wipe out the human race are "preposterous" and based more on science fiction than reality, Meta's chief AI scientist has said. However, LeCun told the Financial Times that many AI companies had been "consistently over-optimistic" over how close current generative models were to AGI, and that fears over AI extinction were overblown as a result.
Persons: Yann LeCun, , Albert Einstein, Sam Altman, Demis Hassabis, Dario Amodei, OpenAI's, LeCun, They're, Meta Organizations: Financial Times, Service, Intelligence, Microsoft
X owner Elon Musk says the site will introduce two new premium tiers. He said that the new X Premium would include a more expensive ad-free version. AdvertisementAdvertisementElon Musk has announced that X is launching two new tiers of its premium subscription service. "Two new tiers of X Premium subscriptions launching soon," said Musk in a post on X . The subscription service has since been overhauled and expanded, with subscribers getting an edit button and fewer ads.
Persons: Elon Musk, , Musk, Eli Lilly Organizations: Service, Bloomberg, Twitter, Facebook, EU Locations: Philippines, New Zealand, Europe
Tesla CEO Elon Musk said the Cybertruck's unique design has made scaling up production a challenge. The pickup has faced numerous delays and production challenges since it was announced in 2019. AdvertisementAdvertisementElon Musk said that Tesla "dug its own grave" with the Cybertruck, as he warned that it would take years for the company to ramp up production of the electric pickup. "We dug our own grave with the Cybertruck," Musk said. He warned that the challenges of scaling up production meant that it would likely be around 18 months before the Cybertruck is cash flow positive.
Persons: Elon Musk, , Tesla, Musk, you've Organizations: Service, Tesla, Ford, CNBC, micron
During an event run by The Wall Street Journal, Sam Altman said he had many ideas for an AI device. The Information and FT reported that OpenAI was in talks with the iPhone designer Jony Ive. It followed speculation that OpenAI may be in talks to build an AI device in collaboration with other tech titans. AdvertisementAdvertisement"I'm interested in this topic, I think it is possible," Altman told The Wall Street Journal tech columnist Joanna Stern at the event. At the Journal's event, Altman said, "Smartphones are great.
Persons: Sam Altman, OpenAI, Jony, , he's, Altman, Masayoshi, Joanna Stern Organizations: Wall Street, Service, Financial Times, Apple, Wall Street Journal
Sam Altman said OpenAI would "never rule out" building its own AI chips. The company is dealing with a global shortage in microprocessors vital for training AI. Reuters reported that OpenAI was considering developing its own chips in a break from Microsoft. AdvertisementAdvertisementSam Altman has said that OpenAI will "never rule out" building its own AI chips as it grapples with a global shortage of vital processors. AdvertisementAdvertisementReuters reported earlier this month that OpenAI was exploring making its own chips to power ChatGPT.
Persons: Sam Altman, OpenAI, , Altman, I'd Organizations: Reuters, Microsoft, Service, Nvidia
The campaign account also followed Trump, the only person it has followed so far. AdvertisementAdvertisementUS President Joe Biden has launched an account on Donald Trump's Truth Social, as his campaign mocks the his likely rival in next year's election. "We just joined Truth Social, mostly because we thought it would be very funny," said the Biden campaign in a post on X . Truth Social, which was created by former president Trump, has had a bumpy ride since it launched in February 2022 . Truth Social did not immediately respond to a request for comment from Insider, made outside normal working hours.
Persons: Joe Biden, Donald Trump's, Trump, Biden, , MAGA, Donald Trump Organizations: Republican, Service, Truth Social, Fox News, Biden, Fox, Truth, Facebook, Twitter
Chinese search giant Baidu has unveiled the latest version of its Ernie generative AI model. The company says that it is a match for GPT-4, the large language model behind OpenAI's ChatGPT AI. AdvertisementAdvertisementChinese AI companies are racing to match ChatGPT — and now, one says it has a chatbot that can go toe-to-toe with OpenAI's GPT-4 model. The chatbot is now also able to provide video and audio responses — unlike OpenAI's GPT-4, which currently only generates text responses. "Ernie is not inferior in any respect to GPT-4," said Li, in comments reported by Bloomberg .
Persons: , ChatGPT —, OpenAI's, Ernie, Robin Li, Li Organizations: Baidu, GPT, Service, Bloomberg, Microsoft, US Locations: Beijing, China, Taiwan
The banker later admitted that he had shared the food with his partner and was fired by Citibank. In response, Mr Fekete's senior manager said that the receipt "appears to have two sandwiches, two coffees, and another drink . The bank also questioned whether he had shared two dinners of pesto pasta and pasta Bolognese with his partner, but Mr Fekete said that this was not the case. Mr. Fekete argued that there were mitigating factors, including the recent loss of his grandmother and that he was on strong medication when he replied to the emails. AdvertisementAdvertisementJudge Illing, presiding over the case, concluded that his dismissal was fair, as Mr. Fekete was not initially honest about the misclaimed expense.
Persons: , Szabolcs Fekete, Fekete's, Fekete, Mr Fekete, expensed, Illing Organizations: Citibank, Service, Banking Locations: Amsterdam
Gary Gensler told the Financial Times that the next financial crash could be sparked by AI. The SEC chair called for regulation to address how AI models are being used by banks on Wall Street. AdvertisementAdvertisementThe chair of the SEC has warned that AI could trigger a financial crisis, as Wall Street rushes to adopt the new technology. "And this is about a horizontal [matter whereby] many institutions might be relying on the same underlying base model or underlying data aggregator." Rival JPMorgan, meanwhile, has reportedly filed a patent for an AI model known as 'IndexGPT' that would help traders choose securities to invest in.
Persons: Gary Gensler, Morgan Stanley, , we've, Gensler, Goldman Sachs Organizations: Financial Times, SEC, Banking, Service, Wall, JPMorgan, Deutsche Bank, Bank of America Locations: Wall
Two billboards near Tel Aviv were hacked and made to show pro-Hamas messages. Images on social media showed billboards displaying images of Hamas soldiers and rocket attacks. AdvertisementAdvertisementHackers took over two Israeli smart billboards and used them to broadcast pro-Hamas messages, reports said. The billboards in the region of Tel Aviv were hijacked for a brief period on Thursday, CNBC reported. It comes after parents in Tel Aviv were warned to delete social-media apps from their children's phones over fears that Hamas could broadcast videos of hostages.
Persons: , Gil Messing, Israel Organizations: Service, CNBC, Hamas, Tel, Software Technologies, Wall Street, Bloomberg, Anonymous, IB, Israel National Cyber Directorate Locations: Tel Aviv, Israel, cyberattacks, Yemen, Afghanistan, Russian, Anonymous Sudan, Gaza
Corporate bosses are under pressure to condemn the brutal attacks on Israeli civilians by Hamas. The ADL boss told CNN that many are reluctant to speak out because they "think it's too political." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Many corporate leaders have already condemned Hamas' attacks on civilians and the resulting violence. AdvertisementAdvertisement"Against this backdrop, I would think every corporate leader and every public person should be rushing to say something," he added.
Persons: Jonathan Greenblatt, , Satya Nadella, Hewlett Packard, Antonio Neri, Greenblatt Organizations: ADL, CNN, Service, Defamation League, Hamas, Norwegian Refugee, LinkedIn, Microsoft Locations: Gaza, Israel, Hamas
Hackers stole millions of dollars of crypto from FTX after the company declared bankruptcy. At the time, the company transferred $500 million onto a USB drive to safeguard it, per Wired. AdvertisementAdvertisementFTX employees reportedly scrambled to stop hackers from making off with $1.1 billion in crypto as the crypto exchange went into meltdown late last year. According to a report from Wired, FTX adviser Kumanan Ramanathan held as much as $500 million worth of assets on a USB drive for several hours to protect it from hackers. FTX's security failures have been well documented since the crypto exchange collapsed last year.
Persons: Sam Bankman, , Kumanan Ramanathan, Ryne Miller, FTX, Fried Organizations: Service, Wired, Staff
Israel's tech CEOs and workers are volunteering and being conscripted for military service. They've said it's their duty to "protect our country" after the "bloodiest day in Israel's history." "I want to be part of the people who are protecting our country," Israeli startup CodiumAI CEO Itamar Friedman, who has reported for reservist duty, told The Wall Street Journal . People have been rushing into military service," he added. Israel has compulsory military service, with all male citizens over the age of 18 required to serve 32 months in the armed forces.
Persons: They've, , Itamar Friedman, Shmuel Chafets, Armis, Amitai Ratzon, Israel Organizations: Hamas, Service, Gaza, Wall Street, Bloomberg, Target Global Locations: Israel, Tel Aviv, Gaza
Ring is offering a prize for anyone who captures proof of aliens on their doorbell camera. It comes amid a rising number of UFO sightings in the US. AdvertisementAdvertisementEvidence is growing that there is life on other worlds – and now Ring is offering a $1 million prize for anyone with hard proof. The Amazon-owned smart home security device company said it will offer the prize to anyone who captures "unaltered scientific evidence" of extraterrestrial life on their doorbell camera. The number of sightings of UAPs has spiked in recent years, with the US government tracking some 650 UAP incidents.
Persons: , David Grusch, Jaime Maussan Organizations: Service, NASA, SETI, Pentagon Locations: Mexico
Men are getting rich from AI. Women, not so much.
  + stars: | 2023-10-07 | by ( Tom Carter | ) www.businessinsider.com   time to read: +5 min
New research finds that female-led AI companies are missing out on the global rush to invest in AI. AI startups founded by women in the UK raised six times less than those founded by men in the past decade. This occurs even as the number of female-founded AI companies that are launching, rises. "One of our biggest priorities is ensuring AI models are fair and unbiased," she said. "While AI is heavily male-dominated and we still see a big gender disparity at AI events in San Francisco, we're hopeful this will change as more women become involved in AI companies.
Persons: , Alan Turing Institute's, it's, Erin Young, Rebecca Gorman, they've, OpenAI's DALL, Angela Hoover, Andi, Dr Young Organizations: Service, Data Science, Turing Institute, Funds, Amazon Locations: California, San Francisco
Mira Murati said that OpenAI was not expecting ChatGPT to be as popular as it was when it launched. The AI chatbot reached 100 million users after just two months and sparked a global AI arms race. Murati warned the rush to roll out new AI products could create a "race to the bottom on safety." AdvertisementAdvertisement"I think competition is good because it can push advancement and progress," she told Fortune. "I don't think competition is bad, per se.
Persons: Mira Murati, OpenAI, chatbot, Murati, , Fortune, that's, OpenAI's, Bard, ChatGPT Organizations: Service, Google
OpenAI is exploring plans to build its own AI chips to power ChatGPT, according to Reuters. The startup is battling a global shortage of processors that are vital for training its AI models. It's more evidence of a rift between OpenAI and Microsoft, which is reportedly building its own AI. OpenAI is exploring plans to build its own AI chips as it faces a shortage of the previous technology behind the AI revolution. The company has provided OpenAI with the enormous computing power needed to train its AI models.
Persons: Organizations: Reuters, Microsoft, Service, Meta, Nvidia Locations: OpenAI
Apple released a fix for an issue that caused the new iPhone 15 to "run warmer than expected." Apple said the problem was a software issue and not related to the Pro's titanium frame. AdvertisementAdvertisementApple released a software update to fix a bug that caused the new iPhone 15 pro to overheat after some users complained the phone was getting too hot to handle. The iPhone 15 has proved popular since going on sale last month, with strong sales in China and queues at some Apple stores around the world. That's despite some Apple fans being dissatisfied with the fairly incremental changes from previous models, with some users branding the iPhone 15 "boring" and "underwhelming" on social media.
Persons: Apple, Organizations: Apple, Service Locations: China
Airbnb is facing crackdowns around the world as cities say it is making housing shortages worse. AdvertisementAdvertisementAirbnb could move away from short-term getaways in favor of offering rentals for an entire year, the company's CEO has said. Brian Chesky described offering year-long rentals as a "huge opportunity" for Airbnb in an interview with the Financial Times. He suggested Airbnb could start hosting dining pop-ups, and that car rentals would be "the next thing" for the company to tackle. The move towards encouraging longer rentals is likely to face opposition from the growing list of major cities cracking down on Airbnb amid fears the platform is exacerbating housing shortages and pushing up rents.
Persons: Brian Chesky, , Chesky, Airbnb Organizations: Financial Times, Service, Financial, York, London Locations: Airbnbs, Bologna, Florence, Airbnb
Masayoshi Son said AI skeptics are "hallucinators" who will be "left behind." The Softbank founder believes that AI will surpass all human knowledge by 2030. Softbank is reportedly discussing a $1 billion deal with OpenAI and Jony Ive to create the "iPhone of AI." AdvertisementAdvertisementSoftbank CEO Masayoshi Son has slammed AI doubters as "goldfish" and "hallucinators" – and suggested that AI models will be smarter than every human on earth by the end of the decade. AdvertisementAdvertisementHis comments come amid an AI arms race, as major tech companies and investors pour huge amounts of money into artificial intelligence start-ups.
Persons: Masayoshi Son, Softbank, , , Son, Anthropic, OpenAI, Johnny Organizations: Service, Wall Street, Amazon, Financial Times, Apple Locations: Tokyo
Sam Bankman-Fried reportedly got a haircut from a fellow inmate for the first day of his criminal trial. The disgraced crypto entrepreneur is famous for his messy hair and casual dress sense. AdvertisementAdvertisementSam Bankman-Fried is famous for his unkempt curls and casual dress sense – but for the first day of his criminal trial in court, he brushed up his image. Bankman-Fried reportedly entered the courtroom with a new close-cut haircut and a freshly-pressed suit, according to CNBC. Sam Bankman-Fried is famous for his casual dress sense.
Persons: Sam Bankman, Fried, SBF, , Caroline Ellison, Gary Wong, FTX's, Lam Yik, Bill Clinton, Tony Blair, Anthony Scaramucci Organizations: Service, CNBC, Alameda Research, Bloomberg, Getty, British Locations: Brooklyn, Alameda, Bahamas
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