Month: January 2024
Tech Hub vs. States: Clash Over Online Child Safety Laws in Silicon Valley
Ohio enacted a social media statute last summer which requires Instagram, Snapchat, TikTok and YouTube to get a parent’s consent before permitting children under age 16 to use their platforms. But before it could take effect, a tech industry group called NetChoice filed a lawsuit to block the law, leading a Federal District Court judge […]
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Judge Rules Against Elon Musk’s Tesla Compensation Plan
Delaware Judge Rules Against Elon Musk’s Pay Package A Delaware judge ruled in favor of Tesla shareholders who sued to block the pay package that made Elon Musk, the carmaker’s CEO, a billionaire many times over and the world’s wealthiest person. “The process leading to the approval of Musk’s compensation plan was deeply flawed,” Chancellor […]
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The Fusion of A.I. and Entertainment: Safeguarding Artists with Hollywood Agency and Tech Start-Up Collaboration
The talent agency WME announced a partnership with the technology firm Vermillio on Tuesday. Vermillio has created a platform, Trace ID, that could insulate WME clients from thefts of their likeness and intellectual property. The partnership will also look for ways to use the technology to allow clients to monetize their likeness and image themselves. […]
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Microsoft’s Profit Soars by 33%
Microsoft tops Apple as most valuable public company, surpasses $3 trillion market valuation. Satya Nadella will celebrate 10th anniversary as chief executive next week. Investors expect Microsoft to capitalize on lead in artificial intelligence after investing billions in OpenAI. Company posts strong revenue and profits, commercial cloud offerings bring in $33.7 billion. Azure, Microsoft’s flagship […]
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Elon Musk Reveals Neuralink’s Successful Implantation of Brain Device in Patient
Neuralink, a company developing computer interfaces for human brains, implanted a device in a patient on Sunday, according to founder Elon Musk. Musk said the company’s first product, Telepathy, would enable people to control devices with their thoughts. Initial users will be those who have lost limb mobility, Musk wrote in a series of posts […]
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AI and Hollywood: A Collaborative Effort to Safeguard Artists in the Tech Industry
WME and Vermillio Partner to Protect Clients from AI Misuse The talent agency WME announced a partnership with the technology firm Vermillio on Tuesday to protect its clients from having their likenesses misused through AI technology. Vermillio’s platform, Trace ID, will insulate WME clients from thefts of their likeness and intellectual property by using AI […]
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Law Enforcement Prepares for Influx of Child Sex Abuse Images Produced by A.I.
Law enforcement is preparing for a surge in artificial intelligence-generated child pornography, which makes it difficult to identify victims and fight against these types of abuse. Meta, a primary source for the authorities in detecting sexually explicit content, has made it more challenging to track criminals by encrypting its messaging service. The balancing of privacy […]
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Are American Viewers Prepared for Minute-Long Soap Operas?
When Albee Zhang was approached to produce short-form features for mobile phones, she initially declined. But as the offers kept coming, the 12-year producer realized the potential for profitable new storytelling and agreed. She has since produced two features and is in the process of creating four more for various female-oriented apps after last summer. […]
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Are American Viewers Ready for Minute-Long Soap Operas?
Albee Zhang, a producer of 12 years, initially declined the offer to create short-form content for phones last spring but later accepted as she saw it could be a profitable way of storytelling. The largest player in the genre is ReelShort, owned by Crazy Maple Studio, featuring melodramatic, minute-long, vertically shot episodes. Pay-as-you-go model and […]
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Electric Vehicle Inventory and Labor Dispute Impact G.M. Profits
General Motors states that financial performance in the fourth quarter and full year of 2023 was subdued by unsold electric vehicles and the cost of a 40-day labor strike at U.S. plants. G.M. increased profit to $2.1 billion from $2.0 billion last year, while revenue grew to $171.8 billion. The company also incurred approximately $1.6 […]
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