
Software Firm Okta Invests in AI as CEO Warns It’s ‘Too Soon’ for Regulation
Authentication software company Okta Inc. plans to devote about $40 million of its annual research and development budget
1970-01-01 08:00

Apple’s Vision Pro headset is expensive, not ‘magical’ and anti-social, Mark Zuckerberg says
Apple’s new headset is expensive, not “magical” and is fundamentally different from Meta’s vision for the future, Mark Zuckerberg has said. The Vision One headset was revealed during Apple’s Worldwide Developers Conference this week. The company showed off both the hardware and a new idea for “spatial computing”, which will be available next year. Apple’s headset costs $3,500, and comes with a range of features including detailed displays and cameras that allow people to see out into the real world while they are using it. It also puts Apple in competition with Meta, which has been producing its own Quest headsets for years. Its headsets are considerably cheaper – with the upcoming Meta Quest 3 costing $499 – though are lacking in some of the same features. Now Meta chief executive Mark Zuckerberg has responded to the launch of that headset, saying that it represents a “vision of the future of computing” that is “not the one I want”. He also said that Meta had already explored all of the technology in Apple’s headset. It had opted to avoid using some of that technology in its own products in part because of the high cost that would be required to do so, he told staff in a meeting that was first reported by The Verge. Mr Zuckerberg suggested that was one of a range of philosophical differences between Meta’s approach to the headset and Apple’s. He also pointed to Meta’s aim to feature social features at the heart of its own headsets, as well as fitness features. “From what I’ve seen initially, I’d say the good news is that there’s no kind of magical solutions that they have to any of the constraints on laws of physics that our teams haven’t already explored and thought of,” he said. “They went with a higher resolution display, and between that and all the technology they put in there to power it, it costs seven times more and now requires so much energy that now you need a battery and a wire attached to it to use it. They made that design trade-off and it might make sense for the cases that they’re going for. “But look, I think that their announcement really showcases the difference in the values and the vision that our companies bring to this in a way that I think is really important. We innovate to make sure that our products are as accessible and affordable to everyone as possible, and that is a core part of what we do. And we have sold tens of millions of Quests. “More importantly, our vision for the metaverse and presence is fundamentally social. It’s about people interacting in new ways and feeling closer in new ways. Our device is also about being active and doing things. By contrast, every demo that they showed was a person sitting on a couch by themself. I mean, that could be the vision of the future of computing, but like, it’s not the one that I want. “There’s a real philosophical difference in terms of how we’re approaching this. And seeing what they put out there and how they’re going to compete just made me even more excited and in a lot of ways optimistic that what we’re doing matters and is going to succeed. But it’s going to be a fun journey.” While Meta and Apple work together in many ways, they have occasionally clashed. Apple’s introduction of privacy features has in recent years curtailed the tracking required for Facebook’s ad business, for instance, which has occasionally to friction between the two.
1970-01-01 08:00

Macron Polishes France’s AI Agenda in Meeting With Meta, Google
French President Emmanuel Macron met with artificial intelligence experts from Meta Platforms Inc. and Alphabet Inc.’s Google, among
1970-01-01 08:00

LinkedIn Bets on Skills Over Degrees as Future Labor Market Currency
As the world of work transforms, LinkedIn is betting that the way employers hire and the way people
1970-01-01 08:00

Factbox-Jefferies sees AI fuelling next wave of innovation in oil and gas sector
With AI rapidly becoming a buzzword across industries, oil and gas companies are exploring ways to use this
1970-01-01 08:00

Goldman Sachs fintech executive Stephanie Cohen to take leave of absence: memo
By Lananh Nguyen NEW YORK Stephanie Cohen, the head of Goldman Sachs Group Inc's fintech unit called Platform
1970-01-01 08:00

Solar trees offer unique solution to charging electric cars
A UK startup is close to full-scale commercial production of solar trees that serve as clean energy charging stations for electric cars, according to the company’s chief executive. SolarBotanic Trees, which was founded last year, is developing two different sized versions of the tree, one 5.5 metres tall tree and another 3.5 metres tall, with the first installations planned for early next year in Oxford. “The idea is to put solar panels on a domed surface like the canopy of a tree, and then place a battery storage system into the trunk,” Chris Shelley, CEO of SolarBotanic, told The Independent. “Putting solar cells and batteries into the same structure is very practical, as it allows them to store excess energy without having to solely rely on its backup grid supply.” The number of electric vehicle (EV) charging stations in the UK has risen by more than a third over the last year in an effort to keep up with growing demand. There are now more than 25,000 locations as of May 2023, according to EV mapping service Zapmap, though this is still well short of the 325,000 charging points that the UK’s Climate Change Committee claims will be necessary by 2032. SolarBotanic already has deals in place with EV infrastructure suppliers to build trees for several sites in the UK, Mr Shelley said, including an order of 200 trees from the Raw Charging Group. The initial idea was to create a structure capable of harvesting both solar and wind energy, using photovoltaic leaves that flutter in the wind to generate additional power. Preliminary research found that wind harvesting via this method is not sufficiently advanced at present to be commercially viable in the near term, however it remains a prospect fot the future. For now, SolarBotanic’s focus is on entering production later this year in order to deliver the solar trees to UK customers at the start of 2024. From there, the company plans to enter other markets, including Europe and the US, as well as develop customisable structures to suit other applications. These include large trees with integrated seating underneath to be used in town squares or pub gardens, with people able to charge their phones or even warm themselves up from inbuilt infrared heating fixtures. “There are quite alot of variations on the core theme,” Mr Shelley said. “Offgrid versions that don’t need to meet the electricity demands of an electric vehicle could serve as work or social areas in town squares with telephone and laptop charging, seating and shelter. “Beyond commercial and municipal uses, the trees could go in people’s gardens to supplement rooftop solar panel setups, or several of them could even meet the annual electrical requirement of a medium-sized house.” Read More Scientists figure out how to turn rocks into batteries Japan aims to beam solar power from space by 2025 Scientists break world record for solar power window material Electric cars could save more than 100,000 lives, study claims Scientists smash world record for solar power window material Instagram has stopped working properly
1970-01-01 08:00

OpenAI CEO calls for global cooperation to regulate AI
Sam Altman, the CEO of ChatGPT maker OpenAI, used a high-profile trip to South Korea on Friday to call for coordinated international regulation of generative artificial intelligence, the technology that underpins his famous chatbot.
1970-01-01 08:00

Activision intervenes in Microsoft challenge to UK regulator's block
LONDON "Call of Duty" maker Activision Blizzard has been given permission to intervene in Microsoft's legal battle with
1970-01-01 08:00

OpenAI CEO encourages South Korea to supply chips in AI boom
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -ChatGPT-maker OpenAI's CEO Sam Altman, who met with South Korean President Yoon
1970-01-01 08:00

German media group Axel Springer eyes AI acquisitions
BERLIN German media giant Axel Springer will establish a dedicated mergers-and-acquisitions team to look at firms specialising in
1970-01-01 08:00

Instagram down: Website stops working as users pictures refuse to load
Instagram has stopped working properly, with the website’s app refusing to load properly. The desktop version of the app went offline on Friday morning, with an array of users unable to get online. But the problems appeared to be focused on that website, rather than the more popular mobile app.
1970-01-01 08:00