📰 News
Investors are complaining about high valuations coming out of Y Combinator's latest cohort, with some saying that it is getting too pricey to invest, and a majority of early-stage investors have expressed concern about the trend, as it remains to be seen if high valuations are sustainable amidst a possible downturn.
The world's last dedicated Meccano factory in Calais, France is set to close its doors in 2024 due to a lack of competitiveness and the soaring cost of raw materials, however, Meccano toys will still be produced by partner companies across Europe, Asia and Latin America.
Burglars allegedly tunnelled through the wall of a coffee shop in Lynnwood, Washington, to reach an Apple Store next door, stealing an estimated $500,000 worth of iPhones.
Scammers are using deepfake AI technology to steal money from unsuspecting consumers and businesses by fabricating the voices of loved ones, doctors and attorneys requesting money, prompting the US Federal Trade Commission to issue a warning about an AI scam that is not science fiction, with the FBI also cautioning businesses that criminals are creating 'employees' online for remote-work positions to gain access to corporate information, meaning companies must implement and enforce controls to protect themselves.
Elon Musk admits to not understanding the operations and funding of NPR after mistakenly labeling the news outlet as "US state-affiliated," despite NPR receiving less than 1% of its funding directly from the US government, ultimately changing the label to "Government Funded Media."
Researchers at the University of Naples Federico II and the Okinawa Institute of Science and Technology have monitored and tracked the brainwaves of three captive, but freely moving, octopuses for the first time, using recording electrodes implanted in the creatures, identifying a previously unseen brainwave, as well as waves that may be similar to those seen in human brains, which could indicate the evolution of intelligence.
Paradox Interactive's Crusader Kings 3 video game has a reputation for having a complex and overwhelming user interface, but the developers have intentionally streamlined the game's UI to make it more accessible to players while still retaining its sophisticated gameplay interactions. The game's UI now features tooltips within tooltips and presents information based on how zoomed in or out the player is on the map, allowing players to spend most of their time in a single map mode and interact with anything using just their left mouse button.
The failure of Silicon Valley Bank and negative narratives around venture-backed startups could lead to tighter regulations from the SEC, potentially increasing barriers to capital, constraining investor access, and pushing more companies from private to public, ultimately slowing down innovation in the US markets, according to Anthony Cimino, head of policy at Carta.
A team of researchers has found a long, thin streak in an image taken by the Hubble Space Telescope, which appears to be the wake left behind by a supermassive black hole that has been shot free of the galaxy that used to host it, possibly due to a merger of galaxies.
Elon Musk testified in a trial challenging his compensation package at Tesla and said that he doesn't want to be CEO of Twitter or any company, but rather see himself as an engineer developing technology and making sure his team achieves their goals. He also mentioned eventually appointing a new chief executive at Twitter and stepping down as CEO of Tesla.
Meta CEO Mark Zuckerberg has abandoned the metaverse project in favor of chasing the shiny new toy of generative AI, according to Meta CTO Andrew Bosworth, leaving the company's metaverse of dead-eyed avatars as a multibillion-dollar money pit, although the company is geared up to deploy AI in its advertising machine in the short term.
Google's Chrome browser will support the WebGPU API by default in version 113, which aims to bring the benefits of low-overhead APIs to web browsers and other apps, and will enable improved graphics in frameworks like Babylon.js and game engines like Unity, as well as support GPU-accelerated workloads for machine learning and AI.
Investors who suggest founders shouldn't take a salary while raising money are being counterproductive and rude, and founders should pay themselves what they need and set milestones to increase their salary closer to market rates, among other reasons.
As chatbots become increasingly popular and sophisticated, experts are warning of their potential as gateways for fraud and intrusive data-gathering, while Italy has banned OpenAI's ChatGPT on privacy grounds and expressed concerns over its model, worrying that the company might have broken strict European data protection laws. Despite the privacy risks posed by search engines such as Google, experts think chatbots could be even more data-hungry, while AI-enabled services are rapidly emerging and as they develop, the risks are going to get worse.
A new documentary titled "WHAAM! BLAM! Roy Lichtenstein and the Art of Appropriation" alleges that hundreds of the artist's works can be traced back to other artists and comic book creators, who were cheated out of recognition and struggled financially while Lichtenstein's paintings sold for millions of dollars.
Creative tech firm Talenthouse, which matches artists with major brands, is facing legal action by creditors and the closure of its UK entity due to substantial unpaid debts, leaving many contributors and staff uncertain about their payments.
Benjamin Ferencz, the last surviving prosecutor of the Nuremberg trials and a long-time advocate of international criminal law, has died at the age of 103.
The story of US Marine James Blake Miller, whose iconic war photograph made him a hero but post-traumatic stress disorder from war resulted in stress, divorce and a casualty of war, is a reminder of the hidden psychological cost of combat which is often ignored when soldiers return home.
Police in Iran will use smart technology to identify and penalize women who violate the country's strict Islamic dress code, with car owners also warned they will receive a text message if any of their passengers breach the dress code, according to a statement. This comes after women in Iran have been increasingly removing their hijabs since the recent death in custody of Mahsa Amini, who was arrested for breaking the dress code.
Apple's main Irish subsidiary, Apple Operations International, paid €7.7bn in incorporation tax last year but paid out nearly triple that amount in dividends to its California parent company, after reporting more than $69bn in profits, according to the latest financial filings, with the Irish division making the equivalent of nearly $190m a day over the year to September.
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