Netflix’s shares experienced a significant surge after the closing bell as the streaming giant reported robust subscriber growth, partly driven by its crackdown on password sharing and the introduction of a new ad-supported tier. During the quarter, Netflix added 8.76 million global subscribers, surpassing Wall Street’s expectations of 5.49 million, according to Street Account estimates. This marked the largest quarterly net addition of subscribers for the company since the second quarter of 2020 when Covid restrictions prompted more people to stay at home. Here are the key financial results: Netflix also revealed that its ad-supported plan membership grew by nearly…
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OpenAI, the organization responsible for the widely recognized chatbot ChatGPT, has officially unveiled the real-time internet browsing feature for ChatGPT. This development comes three weeks after the beta version of the capability was reintroduced, although it has been a journey marked by significant challenges. For a significant portion of ChatGPT’s existence, its responses were limited to data sets up to September 2021. When users asked about current events, it would typically reply with, “I don’t have the ability to browse the internet in real time.” However, one of OpenAI’s key objectives has been to expand ChatGPT’s data and search engine…
OpenAI has entered into a partnership with G42, a technology conglomerate based in Abu Dhabi, with the goal of promoting the adoption of artificial intelligence in the Middle East, particularly in the United Arab Emirates (UAE). G42, which was established by the emirate of Abu Dhabi, plans to leverage OpenAI’s generative AI models in various sectors, including finance, energy, healthcare, and public services. The financial terms of the partnership have not been disclosed. This collaboration is part of a broader initiative to advance the technology industry in the UAE. G42, backed by Mubadala, has been actively involved in AI adoption…
Meta Platforms, the parent company of Facebook, has introduced temporary measures to address “potentially unwelcome or unwanted comments” on posts related to the Israel-Hamas conflict. These measures include changing the default comment settings for new and public Facebook posts created by users in the affected region, limiting comments to friends and followers. However, the company did not specify how it defines the region. Users have the option to opt out of these settings and adjust them according to their preferences. Additionally, Meta will disable the visibility of the first one or two comments on posts while scrolling through the Facebook…
Amid growing regulatory scrutiny and compliance concerns, financial firms are preparing to screen and potentially record staff video calls. The increased focus on video calls comes in response to a sector-wide crackdown led by the U.S. Securities and Exchange Commission (SEC) on business-related text messages sent via unauthorized platforms during the COVID-19 pandemic, when many employees were working from home. Regulators, including the SEC, are reportedly considering extending recording requirements to video calls, prompting financial firms to engage technology specialists, law firms, and risk consultants to monitor and retain video calls as needed to meet record-keeping requirements. The concern is…
Foxconn, the world’s largest contract electronics manufacturer, is partnering with Nvidia to build advanced data centers known as “AI factories” using Nvidia chips and software. The collaboration, announced at Foxconn’s annual tech showcase in Taipei, aims to leverage artificial intelligence (AI) for various applications, including self-driving cars. Nvidia’s CEO, Jensen Huang, and Foxconn’s Chairman, Liu Young-way, presented the initiative at the event, emphasizing the emergence of a new type of manufacturing focused on intelligence. These AI factories will process data from autonomous vehicles continuously, improving their performance and capabilities over time. Huang explained how data from autonomous vehicles could be…
Stanford University researchers have released a report assessing the transparency of artificial intelligence (AI) foundation models developed by companies such as OpenAI and Google. The report calls on these companies to disclose more information about their models, including details about the data and human labor used in their training processes. According to the researchers, transparency in AI foundation models has declined in recent years, even as the capabilities of these models have grown significantly. Percy Liang, a Stanford professor involved in the Foundation Model Transparency Index, expressed concern about this trend, highlighting that reduced transparency can lead to negative consequences,…
Amazon.com announced its implementation of the “Sequoia” robotic system at one of its Houston warehouses to enhance inventory management and expedite deliveries. This move underscores Amazon’s longstanding commitment to automation, aiming to boost sales and enhance worker safety. The Sequoia technology integrates various systems, including mobile robots and robotic arms, to streamline warehouse operations. Amazon claims that Sequoia can accelerate inventory identification and storage by 75% and reduce order processing time in the warehouse by up to 25%. The e-commerce giant has been making substantial investments in automation for an extended period, employing robots for order packaging and pioneering technologies…
Asserting Rights Trump’s Move Against Imposed Silence In a significant turn of events, former President Donald Trump’s legal team has launched an appeal against the gag order issued by a federal judge. This order restricts him from publicly denouncing witnesses, prosecutors, and court personnel in the criminal case accusing him of illicit efforts to overturn the 2020 election outcomes. Trump vehemently opposes this directive, labeling it “unconstitutional” and an infringement on his freedom of speech. The Gavel’s Order Restrictions Set by the Court The notice of appeal sprang forth shortly after U.S. District Judge Tanya Chutkan formalized her previous day’s…
The Cold Hard Truth Why We’re Vulnerable in Winter As winter draws near, a familiar menace lurks around the corner – the season of colds, flu, and more recently, heightened concerns over Covid-19. While we’ve long accepted that these illnesses thrive in colder months, the question of ‘why’ has lingered until now. A groundbreaking study has finally shed light on how cold weather compromises our first line of defense against respiratory infections, offering profound insights into our intrinsic immune responses. A Biological Breakthrough in Immune Response Researchers have pinpointed a critical weakness imposed by chilly conditions: cold air itself impairs…