
MGM and Caesars Hacked by Same Group in Span of a Few Weeks
MGM Resorts International was hacked by the same group of attackers that breached Caesars Entertainment Inc. weeks earlier,
1970-01-01 08:00

Long-form video content is here to stay, says YouTube UK boss
YouTube’s UK and Ireland boss has insisted there will always be a future for long-form videos despite increasing competition from the likes of TikTok. Alison Lomax, who took on the post in January this year, told the PA news agency that YouTube is committed to a multi-format proposition, through its traditional longer videos as well as Shorts, launched in 2021 to draw back some of the audiences that had switched to short-form rivals such as TikTok. She said YouTube Music is rolling out its new podcast feature in response to increasing demand for podcasts from younger viewers, who she stressed are not turning their backs on longer-form content. Having launched in the US in April, it is now set to be unveiled in the UK by the end of the year, according to Ms Lomax. But it comes as TikTok continues to enjoy exponential growth, with mobile phone usage driving consumers towards short-form video. Speaking on the launch of YouTube’s latest UK impact report, Ms Lomax said: “Generation Z have really embraced the podcast, but they’re not 60 seconds.” She said in the future “there will still be a world for multi-format and you see that with creators”. “Just because you can create short form content, does not mean that they do. “People experiment with different formats.” (AI) is the buzz word of the year, but it's been part of what we are doing for many years Alison Lomax, YouTube UK and Ireland managing director The group, owned by Google parent Alphabet, said in its impact report that more than 45,000 full-time jobs were created among its creator economy in 2022, while its “creative ecosystem” contributed over £2 billion to wider UK economic output last year. The research, conducted by Oxford Economics, found that more than 65,000 creators and partners in the UK receive income linked to their YouTube presence, with over a third of British creators who earn money from YouTube saying it was their main source of revenue. Ms Lomax said recent developments in artificial intelligence (AI) were also presenting “real opportunities” for its creators. The group has been working with Google DeepMind, which is headquartered in Britain, to design AI solutions to create performance improvements on the platform for creators and viewers. Ms Lomax said YouTube has been using AI since 2017, including to help develop content moderation in the battle against misinformation, something that is becoming increasingly important in the area of health and in particular ahead of upcoming elections in the US and UK. She said: “(AI) is the buzz word of the year, but it’s been part of what we are doing for many years.” Echoing recent comments from YouTube chief executive Neal Mohan, she said the industry is “at a critical inflection point” with AI. “We need to boldly embrace it, but also by being mindful about responsibility.” YouTube recently announced an initiative that will see it partner with the music industry as artists face increasing challenges from the rise of AI technology. It has launched YouTube’s Music AI Incubator to help inform its approach to the technology, look at how it can enhance creativity and address issues. “We’re aware of the big opportunity but also we are aware of the downsides… we want to be part of the solution and the opportunity,” said Ms Lomax. The music initiative is the first of a number of YouTube announcements in the AI arena this year, she said, adding it is “something we’re thinking about very deeply for the ecosystem”. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Robotic dog brought into survey historic Cold War weapons testing facilities Period and fertility tracking apps scrutinised over data security concerns Russian cyber-attacks ‘relentless’ as threat of WW3 grows, expert warns
1970-01-01 08:00

Daca: US programme for child migrants ruled unlawful
About 580,000 "dreamers" are currently enrolled in the Deferred Action for Childhood Arrivals programme.
1970-01-01 08:00

Tech titans meet US lawmakers, Musk seeks 'referee' for AI
By David Shepardson, Moira Warburton and Mike Stone WASHINGTON (Reuters) -Tesla CEO Elon Musk called on Wednesday for a U.S.
1970-01-01 08:00

Google is laying off hundreds in its recruitment division
Google confirmed it will lay off hundreds of staff members who helped recruit and hire employees, as Silicon Valley continues its cost-cutting efforts.
1970-01-01 08:00

FBI probing MGM Resorts cyber incident as some casino systems still down
By Raphael Satter and Zeba Siddiqui NEW YORK/SAN FRANCISCO (Reuters) -The FBI said on Wednesday it was investigating a cybersecurity
1970-01-01 08:00

SoftBank's Arm discusses pricing IPO at $52 per share-source
NEW YORK SoftBank Group Corp's chip designer Arm Holdings Plc was discussing pricing its U.S. initial public offering
1970-01-01 08:00

‘Stoner Cats’ NFTs Creator Settles With SEC Over Unregistered Securities Sales
The creator of animated series Stoner Cats, which featured actors Mila Kunis and Ashton Kutcher, agreed to pay
1970-01-01 08:00

Musk Calls for AI ‘Regulatory Structure,’ Warns Congress of Risk
Elon Musk called for a “regulatory structure” for artificial intelligence after warning US senators about risks to civilization
1970-01-01 08:00

FTX gets court approval to sell crypto assets
By Dietrich Knauth NEW YORK Bankrupt crypto exchange FTX received U.S. court permission on Wednesday to liquidate cryptocurrency
1970-01-01 08:00

Caesars Entertainment Paid Millions to Hackers in Recent Attack
Caesars Entertainment Inc. paid tens of millions of dollars to hackers who broke into the company’s systems in
1970-01-01 08:00

Cybertruck sparked Tesla revolt that saw secret design plan, Elon Musk biography reveals
Tesla engineers were so upset with the design of the company’s Cybertruck pickup truck that they secretly crafted alternative designs, according to the firm’s chief designer. Speaking to Walter Isaacson, whose biography on Tesla boss Elon Musk came out this week, Franz von Holzhausen said the unconventional shape of the stainless steel truck caused dissent among workers. The as-yet-unreleased Cybertruck takes inspiration from the pointy design of the 1960s Lotus Esprit, as well as video games and sci-fi movies. “A majority of people in this studio hated it,” said chief designer Franz von Holzhausen. “They were like, ‘You can’t be serious.’ They didn’t want to have anything to do with it. It was just too weird.” After seeing a full-size mock-up of the futuristic pick-up truck, some designers began secretly designing an alternative version. A spokesperson for Tesla did not respond to a request for comment. Mr Musk was reportedly adamant from the outset that the design of the electric pickup truck would “look like the future” and refused to concede to more conventional design ideas. “We’re not doing a traditional boring truck,” Mr Musk said during one meeting in October 2018. “We can always do that later. I want to build something that’s cool. Like, don’t resist me.” The biography, which saw Mr Isaacson shadow Mr Musk for two years, also revealed other instances of Tesla employees keeping projects alive, even after it had been officially scrapped. After the Tesla boss became disinterested in developing a $25,000 mass-market car, repeatedly vetoing the idea in meetings, Mr von Holzhausen reportedly kept the concept alive as a “shadow project”. His biographer describes Mr Musk as “fiercely stubborn” with a “reality-distorting wilfulness and a readiness to run roughshod over naysayers”. The Tesla Cybertruck was first unveiled to the public at an event in November 2019, offering people the chance to reserve one with a $100 deposit. More than 200,000 orders were received within the first three days, according to Mr Musk, however it has taken until this year for production to actually begin. The first deliveries to customers are expected to take place later this year. Read More Elon Musk makes prediction for imminent Starship launch Volcano discovery could power electric cars for decades, scientists say Elon Musk ‘borrowed $1bn from SpaceX’ at same time as Twitter acquisition Elon Musk became ‘anti-woke’ because of his daughter’s gender transition, book claims
1970-01-01 08:00