Techlife News - June 22, 2024

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Nvidia’s startling ascent in the stock market reached another milestone this week as the chipmaker rose to become the most valuable company in the S&P 500. Investors now say the company is worth over $3.3 trillion.

OPENAI FOUNDER SUTSKEVER SETS UP NEW AI COMPANY DEVOTED TO "SAFE SUPERINTELLIGENCE"

Ilya Sutskever, one of the founders of OpenAI who was involved in a failed effort to push out CEO Sam Altman, said he’s starting a safety-focused artificial intelligence company.

1 min

SNAPCHAT INC. TO PAY $15 MILLION TO SETTLE DISCRIMINATION AND HARASSMENT LAWSUIT IN CALIFORNIA

Snapchat Inc. will pay $15 million to settle a lawsuit brought by California’s civil rights agency that claimed the company discriminated against female employees, failed to prevent workplace sexual harassment and retaliated against women who complained.

2 mins

SO LONG PLASTIC AIR PILLOWS: AMAZON SHIFTING TO RECYCLED PAPER FILLING FOR PACKAGES IN NORTH AMERICA

Amazon is shifting from the plastic air pillows used for packaging in North America to recycled paper because it’s more environmentally sound, and it says paper just works better.

2 mins

CHINA PROTESTS OVER EU MOVE TO HIKE TARIFFS ON CHINESE ELECTRIC VEHICLES

China’s Commerce Ministry on Thursday accused the European Union of making unreasonable demands in its investigation into imports of Chinese electric vehicles before announcing it was raising tariffs by as much as 38%.

1 min

NVIDIA'S STOCK MARKET VALUE TOPPED $3.3 TRILLION. HOW IT BECAME NO. 1 IN THE S&P 500, BY THE NUMBERS

Nvidia’s startling ascent in the stock market reached another milestone this week as the chipmaker rose to become the most valuable company in the S&P 500.

3 mins

US CHIPMAKER ONSEMI WILL INVEST $2 BILLION IN A CHIP PRODUCTION FACILITY IN THE CZECH REPUBLIC

The U.S. chipmaker onsemi is planning a multiyear investment of up $2 billion in its production facility in the Czech Republic, the company and the Czech government said this week.

1 min

Next Gen iOS 18: PERSONALIZATION & INTELLIGENCE ACROSS MULTIPLE FEATURES & APPS

At this year’s WWDC, Apple introduced iOS 18, a significant update set to redefine the user experience on iPhone.

4 mins

APPLE KILLS OFF ITS BUY NOW, PAY LATER SERVICE BARELY A YEAR AFTER LAUNCH

Apple is discontinuing its buy now, pay later service known as Apple Pay Later barely a year after its initial launch in the U.S., and will rely on companies who already dominate the industry like Affirm and Klarna.

1 min

NEW HOMEPOD COMING SOON? WHAT APPLE INTELLIGENCE MEANS FOR THE SMART SPEAKER'S FUTURE

The highlight of this year’s WWDC was undoubtedly Apple Intelligence.

3 mins

OPENAI APPOINTS FORMER TOP US CYBERWARRIOR PAUL NAKASONE TO ITS BOARD OF DIRECTORS

OpenAI has appointed a former top U.S. cyberwarrior and intelligence official to its board of directors, saying he will help protect the ChatGPT maker from “increasingly sophisticated bad actors.”

1 min

BOEING CEO DEFENDS HIS SAFETY RECORD, SPARS WITH SENATORS AND APOLOGIZES TO CRASH VICTIMS RELATIVES

Boeing CEO David Calhoun defended the company’s safety record during a contentious Senate hearing this week, while lawmakers accused him of placing profits over safety, failing to protect whistleblowers, and even getting paid too much.

5 mins

AI EXPERIMENTATION IS HIGH RISK, HIGH REWARD FOR LOW-PROFILE POLITICAL CAMPAIGNS

Adrian Perkins was running for reelection as the mayor of Shreveport, Louisiana, when he was surprised by a harsh campaign hit piece.

6 mins

AI STARTUP PERPLEXITY WANTS TO UPEND SEARCH BUSINESS.NEWS OUTLET FORBES SAYS IT'S RIPPING THEM OFF

The artificial intelligence startup Perplexity AI has raised tens of millions of dollars from the likes of Jeff Bezos and other prominent tech investors for its mission to rival Google in the business of searching for information.

5 mins

CALIFORNIA FINES AMAZON NEARLY $6M, ALLEGING ILLEGAL WORK QUOTAS AT 2 WAREHOUSES

California has fined Amazon a total of $5.9 million, alleging the e-commerce giant worked warehouse employees so hard that it put their safety at risk, officials said this week.

1 min

FISKER FILES FOR BANKRUPTCY PROTECTION, THE ELECTRIC SECOND VEHICLE MAKER TO DO SO IN THE PAST YEAR

Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers beyond the early adapters of the technology.

2 mins

FEDERAL TRADE COMMISSION REFERS COMPLAINT ABOUT TIKTOK'S ADHERENCE TO CHILD PRIVACY LAW TO THE DOJ

The Federal Trade Commission has referred a complaint against TikTok and its parent company, ByteDance, to the Department of Justice.

1 min

JUDGE OVERSEEING NFL 'SUNDAY TICKET' TRIAL VOICES FRUSTRATIONS OVER THE CASE

The federal judge presiding over the class-action lawsuit filed by “Sunday Ticket” subscribers against the NFL voiced frustrations Tuesday with the way the plaintiffs’ attorneys have handled their side of the case.

2 mins

KEEPING CHILDREN SAFE ON SOCIAL MEDIA: WHAT PARENTS SHOULD KNOW TO PROTECT THEIR KIDS

At what age should kids be on social media? Should they be on it at all? If they aren’t, will they be social pariahs? Should parents monitor their conversations? Do parental controls work? Navigating social media as a parent — not to mention a child — is not easy.

5 mins

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