Category: Technología

  • ‘It’s probably not going to work out for you’

    ‘It’s probably not going to work out for you’


    Amazon CEO Andy Jassy told company employees who defy his edict to return to the office for at least three days a week that “it’s probably not going to work out for you.”

    Jassy made the comments during a meeting earlier this month during which he expressed frustration over the fact that some employees were not taking the return-to-office mandate seriously, according to the news site Insider, which obtained a recording of the CEO’s comments.

    During the meeting, which is known in internal Amazon lingo as a “fishbowl” meeting, Jassy declined to share data that motivated his decision to require employees to return to the office.

    The CEO told his charges it was a “judgment” call. Employees who were unhappy with the decision were invited to seek employment elsewhere, Jassy reportedly said.

    “It’s past the time to disagree and commit,” he said.

    “And if you can’t disagree and commit, I also understand that, but it’s probably not going to work out for you at Amazon because we are going back to the office at least three days a week, and it’s not right for all of our teammates to be in three days a week and for people to refuse to do so,” the 55-year-old Jassy said.


    Amazon CEO Andy Jassy issued a stern warning to employees who are resisting his return-to-office mandate.
    Bloomberg via Getty Images

    Jassy told his employees that he spoke to scores of other CEOs and that “virtually all of them” preferred having their employees back in the office.

    Last month, Amazon confirmed that it was asking some corporate workers to relocate to other cities as part of its return-to-office policy.

    Amazon employees who refused to relocate near main offices of their teams were told they either have to find a new job internally or leave the company through a “voluntary resignation.”


    Amazon required its corporate employees to return to the office for at least three days per week beginning May 1.
    Amazon required its corporate employees to return to the office for at least three days per week beginning May 1.
    AFP via Getty Images

    In March, around 30,000 workers signed a petition begging Jassy to cancel his directive that most employees work on site at least three days per week.

    The return-to-office plan took effect on May 1.

    In February, Jassy said the company made its decision to bring workers back after observing what worked during the pandemic.


    The above image is a stock photo depicting an employee working from home.
    The above image is a stock photo depicting an employee working from home.
    Getty Images/iStockphoto

    Among other things, he said the senior leadership team watched how staff performed and talked to leaders at other companies.

    He said they concluded employees tended to be more engaged in person and collaborate more easily.

    Earlier this year, Amazon, which employees more than 1.5 million people worldwide, announced it was laying off 27,000 workers as part of a broad cost-cutting push.



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  • ChatGPT maker OpenAI releasing ChatGPT Enterprise for large businesses 

    ChatGPT maker OpenAI releasing ChatGPT Enterprise for large businesses 


    Artificial intelligence leader OpenAI said on Monday it is releasing a version of ChatGPT targeted to large businesses, increasing the overlap in what OpenAI and its financial backer Microsoft offer to customers.

    ChatGPT Enterprise offers more security, privacy and higher-speed access to OpenAI’s technology, the company said. Early customers include Block, Carlyle and Estée Lauder Cos.

    When OpenAI released the consumer-focused ChatGPT in November, it set off frenzied use of generative AI in daily tasks from writing to coding, and reached 100 million monthly active users in January.

    Many people in the US have used ChatGPT to help with work-related tasks, even though their employers discourage it, a Reuters/Ipsos poll found.

    With the launch of ChatGPT Enterprise, OpenAI hopes employers will feel comfortable embracing ChatGPT usage at work.


    When OpenAI released the consumer-focused ChatGPT in November, it set off frenzied use of generative AI in daily tasks from writing to coding. Above, OpenAI CEO Sam Altman.
    AFP via Getty Images

    ChatGPT logo
    ChatGPT Enterprise offers more security, privacy and higher-speed access to OpenAI’s technology, OpenAI said.
    REUTERS

    Microsoft already offers businesses access to ChatGPT via its Azure OpenAI Service, though in order to use it businesses must be a customer of Azure, Microsoft’s cloud computing platform.

    ChatGPT Enterprise subscribers need not subscribe to Azure, OpenAI said. OpenAI and Microsoft have introduced overlapping services before, and it is unclear how much the two companies are competing over customers.



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  • Elon Musk’s futuristic Cybertruck nears debut as Tesla aims to win over skeptics

    Elon Musk’s futuristic Cybertruck nears debut as Tesla aims to win over skeptics


    Tesla’s long-delayed Cybertruck is expected to finally hit the market this fall, but Elon Musk faces a tough road convincing Wall Street that the futuristic pickup is more than just a gimmick.

    Musk posted a series of Cybertruck glamor shots on his X account over the past week, revealing that he took a production model for a test drive at Tesla’s Texas factory — all of which fueled speculation that a formal announcement is near.

    But key details about the Cybertruck — including its price and final specs — remain unknown. Some Tesla investors, meanwhile, are concerned that its complex design will hit profit margins – a worry made worse by the resignation of Tesla’s “Master of Coin” CFO Zachary Kirkhorn earlier this month.

    Despite intense hype from Musk — who has labeled it Tesla’s “best product ever — the Cybertruck is most likely to be a “niche vehicle in the end,” Needham analyst Chris Pierce told The Post.


    Cybertruck is Tesla’s attempt to break into the pickup segment.
    UPI

    “I don’t see it as a material driver of the stock price,” Pierce told The Post, pointing to a “minimal chance it can outweigh investor margin concerns on their legacy vehicles.”

    Wedbush analyst Dan Ives, a noted Tesla bull, sees the Cybertruck as “somewhere in between niche and mainstay” for the company’s vehicle lineup. Still, Ives believes it will be critical to the company’s long-term outlook – and to convince Wall Street that its audacious bets are worthwhile.

    “It’s important to prove to the Street that they can talk the talk and then walk the walk, in terms of Cybertruck and then, we believe next year, a sub-$30,000 vehicle and eventually some crossover SUV by 2025,” Ives said.


    Elon Musk
    Elon Musk infamously broke the “bulletproof” glass at Cybertruck’s 2019 unveiling event.
    AP

    First unveiled at an infamous event in 2019 in which Musk accidentally shattered a “bulletproof” window, the Cybertruck’s release was delayed on multiple occasions. The first model rolled off the assembly line at Tesla’s Texas Gigafactory in July.

    Its odd design, which features a stealth-bomber-angled body wrapped around a stainless-steel frame, has been compared to a refrigerator on wheels, a doorstop, a Lego block and even a cartoon character from “Spongebob Squarepants.”

    Even Musk devotees show signs of getting restless with the lack of clear information. One Tesla owner called out Musk in an X post on Wednesday, writing, “enough with the hype, let’s get down to business. Please announce the specs, pricing and new estimated delivery event date.”

    “When we are ready to do so, we will,” Musk replied. “While I think it is our best product ever, it is an extremely difficult product to build. We are in uncharted territory, because it is not like anything else.”

    On the same day, Musk warned about the complexity of Cybertruck’s manufacturing process, telling Tesla employees in a memo obtained by CNBC that any variation “shows up like a sore thumb” because it is “made up of bright metal and mostly straight edges.”

    “All parts for this vehicle, whether internal or from suppliers, need to be designed and built to sub 10 micron accuracy,” Musk wrote.


    Cybertruck
    Tesla has yet to reveal Cybertruck’s price or final specs.
    Bloomberg via Getty Images

    While the Cybertruck’s stainless-steel “exoskeleton” has been a major talking point for Musk, it also presents a major manufacturing challenge.

    Stainless steel is costly, difficult to shape, requires specialized welding techniques and could have trouble meeting safety regulations in some locales, experts told Wired in 2019. In May, Musk admitted during a shareholder meeting that it would be “hard to make the cost affordable because it is a new car, new manufacturing method.”

    Still, any negative impact to margins is likely to be a short-term hit related to ramped-up production rather than the vehicle’s complexity, according to Pierce.


    Elon Musk and Cybertruck
    Cybertruck has drawn scrutiny over its unique angular design.
    AFP via Getty Images

    “The complexity could be offset by a higher price if they are delivering more value to consumers,” Pierce said. “The initial production ramp can’t be.”

    Tesla is aiming to carve out a slice of auto industry’s lucrative pickup segment, where it will face off against Ford’s F-Series and electric rival Rivian, but it remains unclear if Cybertruck’s design will hold the same mass-market appeal of more well-established competitors.

    Tesla has amassed nearly two million Cybertruck reservations, according to the Teslarati blog. Since customers are required to submit a deposit of just $100, those preorders are highly unlikely to correlate directly to sales.


    Elon Musk
    Elon Musk has touted Cybertruck as Tesla’s “best product ever.”
    REUTERS

    Wedbush’s Ives expects mass production to begin around Halloween and the first customer deliveries to start after Thanksgiving. Wedbush’s projections call for Tesla to ship roughly 50,000 Cybertrucks this year before ramping up to 200,000 to 300,000 units in 2024.

    As for price, Musk initially said in 2019 that the base-model Cybertruck would cost less than $40,000, but it is now expected to start at approximately $50,000, according to Kelley Blue Book. The dual-motor version is projected to cost $60,000 and the tri-motor version is expected to cost $70,000.

    The entry-level cost would put the Cybertruck on par with Ford’s rival F-150 Lightning electric truck – a move that Pierce described as a head-scratcher, given Musk’s bold proclamations about the vehicle.


    Cybertruck
    Cybertruck features a stainless-steel frame.
    AFP via Getty Images

    “It likely won’t be delivered at scale to meaningfully impact company margins, but if the reservation book is where they say it is, and they have a devoted fan base of early adopters, and it’s a one-of-a-kind product, why not price more aggressively?” he said.

    Wedbush’s Ives projected a slightly-higher price range of “on the low-end, $55K up to $70K” for the base single-motor Cybertruck, with $60,000 as a “sweet spot.”

    Musk had teased major numbers for Cybertruck’s debut during the company’s second-quarter earnings call in July, boasting that demand was “so far off the hook, you can’t even see the hook.” At the same time, he signaled that initial production would be slow due to the complexity of the vehicle’s technology.

    The 52-year-old billionaire — who has a notorious habit of missing Tesla’s ambitious deadlines — said deliveries are expected to begin this year, with production in “high volume” by next year.

    The sudden resignation of Tesla’s CFO Kirkhorn was a major setback. Kirkhorn, who had served in the role since 2019, was considered key to Tesla’s effort to cut production costs. Still, Tesla bulls remain optimistic.

    Baird analyst Ben Kallo cited Tesla’s Cybertruck as a positive for the company in the second half of the year. In a note to clients last week, Kallo reiterated an “outperform” rating and $300 price target. Tesla shares are currently trading at roughly $233 per share.

    In July, Future Fund co-founder Gary Black, a noted Tesla investor, told CNBC that he expected the “big, bold and gorgeous” Cybertruck to be “home run” for the company and “really catapult the stock.”





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  • Instacart reveals revenue surge in IPO filing

    Instacart reveals revenue surge in IPO filing


    Grocery delivery app Instacart on Friday revealed a 31% jump in revenue for the first half of the year as it made public its filing for a stock market flotation in New York, setting the stage for one of the most anticipated listings in recent years.

    The development comes 15 months after Instacart submitted its IPO paperwork confidentially, a move that is typically a precursor to an imminent listing.

    The San Francisco-based company had earlier aimed to list in the fourth quarter of last year, but deferred its plans as a sell-off in technology stocks and the Federal Reserve’s relentless rate hikes led to a rout in equities.

    Offering a detailed look into its finances for the first time, Instacart said its revenue had surged 31% to $1.48 billion in the six months ended June 30.

    The fact that the company is churning a profit could also help it find favor among picky IPO investors, who have since last year have been preferring profitable firms over ambitious but loss-making startups.

    The company’s net income was $242 million during the six-month period, compared to a $74 million loss a year earlier.

    Founded in 2012, Instacart is led by Fidji Simo, who was previously head of the Facebook app. The filing also said her 2022 annual compensation was $1.5 million.


    Instacart CEO Fidji Simo was previously head of the Facebook app.
    Instacart

    Initial public offerings by Instacart and SoftBank Group-backed chip designer Arm are expected to revitalize the US IPO market, which has already seen some green shoots this year after a drought in 2022, on bets that the Fed could guide the economy to a “soft landing.”

    Excluding special purpose acquisition companies (SPACs), $10.3 billion has been raised via 77 IPOs so far this year, nearly double the amount in the same period in 2022, according to data from Dealogic.

    “I think we’re going to see more companies kick off their (IPO) process in 2024, which is when a healthy IPO market will return,” said Mike Bellin, IPO services leader at PricewaterhouseCoopers US.


    Fidji Simo with founder and Chairman Apoorva Mehta
    Simo with founder and Chairman Apoorva Mehta.
    Instacart

    Goldman Sachs and JPMorgan are the lead underwriters for the offering, Instacart said, adding that its shares would be listed on the Nasdaq under the symbol “CART.”

    Long road to IPO

    Instacart’s tortuous path to a Nasdaq listing saw the company reportedly cut its internal valuation to as low as $10 billion in December 2022, 74% lesser than the $39 billion price tag it fetched in its last funding round more than two years ago.

    The company in April hiked its valuation by 18%, according to a report.

    Instacart had considered a direct listing, sources told Reuters earlier. Unlike in an IPO, no shares are sold in advance in a direct listing and investors can sell their shares directly to the public.


    Initial public offerings by Instacart and SoftBank Group-backed chip designer Arm are expected to revitalize the US IPO market
    Initial public offerings by Instacart and SoftBank Group-backed chip designer Arm are expected to revitalize the US IPO market
    REUTERS

    In March 2021, the company brought on Snowflake CEO Frank Slootman, a software industry veteran behind some big IPOs, on its board.

    The company filed for the IPO as “Maplebear,” the name under which it was incorporated.



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  • ChatGPT’s cancer treatment advice ‘potentially dangerous’

    ChatGPT’s cancer treatment advice ‘potentially dangerous’


    ChatGPT spewed out cancer treatment regimens that contained a “potentially dangerous” mixture of correct and false information, according to the results of a study published Thursday.

    Researchers at Brigham and Women’s Hospital, a brand of Harvard Medical School, prompted OpenAI’s popular chatbot to provide treatment advice that aligned with guidelines established by the National Comprehensive Cancer Network.

    While all of ChatGPT’s outputs “included at least 1 NCCN-concordant treatment,” about 34% also contained an incorrect treatment recommendation, the study found.

    Additionally, about 12% of ChatGPT’s responses contained “hallucinations” — meaning outright false information with no links to accepted cancer treatments.

    ChatGPT “speaks oftentimes in a very sure way that seems to make sense, and the way that it can mix incorrect and correct information is potentially dangerous,” researcher Danielle Bitterman, an oncologist at the Artificial Intelligence in Medicine program of the Mass General Brigham health system, told Bloomberg.


    Researchers found ChatGPT would “hallucinate,” or provide false cancer treatment recommendations.
    Getty Images/iStockphoto

    The study’s results support a common concern raised by critics, including billionaire Elon Musk, who have warned that advanced AI tools will rapidly spread misinformation if proper guardrails are not put in place.

    The researchers performed the study by prompting ChatGPT to generate “breast, prostate and lung cancer treatment recommendations.”

    “Language learning models can pass the US Medical Licensing Examination, encode clinical knowledge and provide diagnoses better than laypeople,” the researchers said. “However, the chatbot did not perform well at providing accurate cancer treatment recommendations.”


    ChatGPT
    ChatGPT’s responses contained a “potentially dangerous” mix of correct and incorrect information.
    Getty Images

    “Hallucinations were primarily recommendations for localized treatment of advanced disease, targeted therapy, or immunotherapy,” they added.

    OpenAI has repeatedly stated that GPT-4, the current chatbot available to the public, is prone to making mistakes.

    In a March blog post, the firm said GPT-4 “still is not fully reliable” and admitted that it “’hallucinates’ facts and makes reasoning errors.”

    “Great care should be taken when using language model outputs, particularly in high-stakes contexts, with the exact protocol (such as human review, grounding with additional context, or avoiding high-stakes uses altogether) matching the needs of a specific use-case,” OpenAI said.


    ChatGPT
    ChatGPT is developed by OpenAI.
    REUTERS

    “Developers should have some responsibility to distribute technologies that do not cause harm, and patients and clinicians need to be aware of these technologies’ limitations,” the researchers added.

    ChatGPT has drawn intense scrutiny as it has boomed in popularity this year.

    Earlier this month, UK-based researchers determined that ChatGPT displayed a “significant” bias toward liberal political viewpoints.

    Issues with inaccurate responses aren’t limited to OpenAI’s chatbot. Google’s version, Bard, has also been known to generate false information in response to user prompts.

    As The Post reported, some experts say chatbots and other AI products could cause major disruption in the upcoming 2024 presidential election.



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  • Europe Union is cracking down on Big Tech

    Europe Union is cracking down on Big Tech


    Starting Friday, Europeans will see their online lives change.

    People in the 27-nation European Union can alter some of what shows up when they search, scroll, and share on the biggest social media platforms like TikTok, Instagram, and Facebook and other tech giants like Google and Amazon.

    That’s because Big Tech companies, most headquartered in the U.S., are now subject to a pioneering new set of EU digital regulations.

    The Digital Services Act aims to protect European users when it comes to privacy, transparency, and removal of harmful or illegal content.

    Here are five things that will change when you sign on:

    YOU CAN TURN OFF AI-RECOMMENDED VIDEOS

    Automated recommendation systems decide, based on people’s profiles, what they see in their feeds.

    Those can be switched off.


    People in the 27-nation European Union can alter some of what shows up when they search, scroll, and share on the biggest social media platforms like TikTok and Instagram.
    AP

    Meta, the owner of Facebook and Instagram, said users can opt out of its artificial intelligence ranking and recommendation systems that determine which Instagram Reels, Facebook Stories, and search results to show.

    Instead, people can choose to view content only from people they follow, starting with the newest posts.

    Search results will be based only on the words they type, not personalized based on a user’s previous activity and interests, Meta President of Global Affairs Nick Clegg said in a blog post.

    On TikTok, instead of being shown videos based on what users previously viewed, the “For You” feed will serve up popular videos from their area and around the world.


    facebook logo.
    Meta, the owner of Facebook and Instagram, said users can opt out of its artificial intelligence ranking and recommendation systems.
    AP

    Turning off recommender systems also means the video-sharing platform’s “Following” and “Friends” feeds will show posts from accounts users follow in chronological order.

    Those on Snapchat “can opt out of a personalized content experience.”

    Algorithmic recommendation systems based on user profiles have been blamed for creating so-called filter bubbles and pushing social media users to increasingly extreme posts.

    The European Commission wants users to have at least one other option for content recommendations that are not based on profiling.

    IT’S EASIER TO FLAG HARMFUL CONTENT

    Users should find it easier to report a post, video, or comment that breaks the law or violates a platform’s rules so that it can be reviewed and taken down if required.

    TikTok has started giving users an “additional reporting option” for content, including advertising, that they believe is illegal.

    To pinpoint the problem, people can choose from categories such as hate speech and harassment, suicide and self-harm, misinformation or fraud, and scams.

    The app by Chinese parent company ByteDance has added a new team of moderators and legal specialists to review videos flagged by users, alongside automated systems and existing moderation teams that already work to identify such material.

    Facebook and Instagram’s existing tools for reporting content are “easier for people to access,” said Meta’s Clegg, without providing more details.


    Meta in February stopped showing Facebook and Instagram users who are 13 to 17 ads based on their activity, such as following certain Instagram posts or Facebook pages.
    Meta in February stopped showing Facebook and Instagram users who are 13 to 17 ads based on their activity, such as following certain Instagram posts or Facebook pages.
    AP

    YOU’LL KNOW WHY YOUR POST WAS TAKEN DOWN

    The EU wants platforms to be more transparent about how they operate.

    So, TikTok says European users will get more information “about a broader range of content moderation decisions.”

    “For example, if we decide a video is ineligible for recommendation because it contains unverified claims about an election that is still unfolding, we will let users know,” TikTok said. “We will also share more detail about these decisions, including whether the action was taken by automated technology, and we will explain how both content creators and those who file a report can appeal a decision.”

    Google said it’s “expanding the scope” of its transparency reports by giving more information about how it handles content moderation for more of its services, including Search, Maps, Shopping, and Play Store, without providing more details.


    TikTok said in July that it was restricting the types of data used to show ads to teens.
    TikTok said in July that it was restricting the types of data used to show ads to teens.
    AFP via Getty Images

    YOU CAN REPORT FAKE PRODUCTS

    The DSA is not just about policing content.

    It’s also aimed at stopping the flow of counterfeit Gucci handbags, pirated Nike sneakers, and other dodgy goods.

    Amazon says it has set up a new channel for reporting suspected illegal products and content and also is providing more publicly available information about third-party merchants.

    The online retail giant said it invests “significantly in protecting our store from bad actors, illegal content and in creating a trustworthy shopping experience. We have built on this strong foundation for DSA compliance.”

    Online fashion marketplace Zalando is setting up flagging systems, though it downplays the threat posed by its highly curated collection of designer clothes, bags, and shoes.

    “Customers only see content produced or screened by Zalando,” the German company said. “As a result, we have close to zero risk of illegal content and are therefore in a better position than many other companies when it comes to implementing the DSA changes.”

    YOUR KIDS WON’T BE TARGETED WITH DIGITAL ADS

    Brussels wants to crack down on digital ads aimed at children over concerns about privacy and manipulation.

    Some platforms already started tightening up ahead of Friday’s deadline, even beyond Europe.

    TikTok said in July that it was restricting the types of data used to show ads to teens.


    Amazon says it has set up a new channel for reporting suspected illegal products and content and also is providing more publicly available information about third-party merchants.
    Amazon says it has set up a new channel for reporting suspected illegal products and content and also is providing more publicly available information about third-party merchants.
    AP

    Users who are 13 to 17 in the EU, plus Britain, Switzerland, Iceland, Norway, and Liechtenstein no longer see ads “based on their activities on or off TikTok.”

    It’s doing the same in the U.S. for 13- to 15-year-olds.

    Snapchat is restricting personalized and targeted advertising to users under 18.

    Meta in February stopped showing Facebook and Instagram users who are 13 to 17 ads based on their activity, such as following certain Instagram posts or Facebook pages.

    Now, age and location are the only data points advertisers can use to show ads to teens.



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  • Roblox ‘illegally facilitated child gambling’: lawsuit

    Roblox ‘illegally facilitated child gambling’: lawsuit


    Roblox, the online video game maker of popular hits such as “Murder Mystery 2,” “Adopt Me,” and “Slap Battles” is being sued by the parents of two minors who allege that the company is illegally facilitating child gambling.

    Rachelle Colvin, a California resident, and Danielle Sass, who lives in New York state, filed suit against the San Mateo, Calif.-based company last week in San Francisco federal court.

    The plaintiffs accuse Roblox of “allow[ing] third-party gambling websites, including the highly popular online casinos operated by defendants Satozuki, Studs, and RBLXWild…to use the Roblox website to accept online bets using Robux, to be placed on games at [their] virtual casinos,” according to court papers.

    The lawsuit alleged that Roblox was in violation of its own terms of service, which states that “experiences that include simulated gambling, including playing with virtual chips, simulated betting, or exchanging real money, Robux, or in-experience items of value are not allowed.”

    According to the lawsuit, Roblox users, most of whom are minors, “first purchase Robux through the Roblox website, using either their own money, a parent’s credit card, or gift cards they possess.”


    Roblox, the online video game maker of popular hits such as “Murder Mystery 2,” “Adopt Me,” and “Slap Battles” is being accused in a lawsuit of facilitating child gambling.
    SOPA Images/LightRocket via Getty Images

    The minor then “navigates to one of the” three aforementioned sites’ “virtual casinos” that “exist outside the Roblox ecosystem,” according to court papers.

    “Then, the user links their Robux wallet on Roblox’s website to the gambling website,” the court documents alleged.

    “And finally, once the minor-user’s wallet is linked, the gambling website converts the minor user’s Robux into credit that can only be wagered in their virtual casinos,” according to the lawsuit.

    “The gambling credits function just like chips in a brick and mortar casino,” the defendants alleged in court papers.

    “Users ‘buy in’ using their Robux, obtain chips, gamble until they lose their money or wish to cash out, and, if they increase their credits, they cash those credits out in exchange for Robux,” the lawsuit alleged.


    Roblox, which operates a metaverse -- an emerging virtual space where people play games and make transactions -- reported 65.5 million daily active users in the most recent quarter.
    Roblox, which operates a metaverse — an emerging virtual space where people play games and make transactions — reported 65.5 million daily active users in the most recent quarter.
    NurPhoto via Getty Images

    “This entire exchange of Robux occurs on the Roblox platform with Roblox’s knowledge and active support, and Robux never leave the Roblox ecosystem unless and until they are cashed out for fiat currency,” according to court documents.

    A Roblox spokesperson told The Post: “We can’t address the specific allegations of the lawsuit, given the pending litigation.”

    Bu the spokesperson added: “Bad actors make illegal use of Roblox’s intellectual property and branding to operate such sites in violation of our standards.”

    “Roblox has teams and processes in place to investigate these types of websites to protect our brand and platform, including, where possible, having the websites removed,” the spokesperson said.

    “In some cases, we engage with law enforcement as part of our efforts.”


    "Bad actors make illegal use of Roblox’s intellectual property and branding to operate such sites in violation of our standards," a Roblox spokesperson told The Post.
    “Bad actors make illegal use of Roblox’s intellectual property and branding to operate such sites in violation of our standards,” a Roblox spokesperson told The Post.
    SOPA Images/LightRocket via Getty Images

    The company rep added: “Ensuring a safe and compliant online experience for users of Roblox is a core tenant of the company.”

    “Roblox will continue to be vigilant in combating entities who engage in practices that are in violation of our policies or endanger the safety of our community.”

    Reps for Satozuki, Studs, and RBLXWild were not immediately available for comment.

    Roblox, which operates a metaverse — an emerging virtual space where people play games and make transactions — reported 65.5 million daily active users in the most recent quarter, with a long-term goal of reaching 1 billion daily users.



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  • AI chip giant Nvidia’s profit surge makes CEO $4.2B richer overnight

    AI chip giant Nvidia’s profit surge makes CEO $4.2B richer overnight


    Nvidia’s chief executive Jensen Huang became $4.2 billion richer overnight after his software company crushed Wall Street’s second-quarter earnings expectations, sending its stock surging by as much as 10% in aftermarket trading on Wednesday.

    Nvidia posted a record revenue of $13.51 billion for the latest quarter ended July 30, up 88% from the first quarter and a whopping 101% from the same period in 2022.

    The eye-popping figures boosted Huang’s fortune to $46.1 billion, according to the Bloomberg Billionaires Index, positioning the 60-year-old Taiwanese businessman to end the year ranked within the world’s top 25 wealthiest people.

    At the close of the trading day on Wednesday, Huang’s net worth had already surged over $3 billion to a total of $42 billion — up from the $38.8 billion he was worth at the start of this week, the index shows.

    Most of Huang’s fortune is made up of his 3.5% stake in Nvidia. Year to date, Nvidia’s share price has ballooned nearly 230%.

    Huang established Nvidia in 1993 on his 30th birthday to bring three-dimensional graphics into the gaming and multimedia markets.


    Nvidia’s chief executive Jensen Huang earned $4.2 billion overnight, bringing his fortune to $46.1 billion thanks to his software company’s earnings, which crushed Wall Street’s estimates by millions.
    AFP via Getty Images

    The Taiwanese-born tech whiz — who moved to Kentucky at age 9 — reportedly dreamed up the chip giant alongside fellow engineers Chris Malachowsky and Curtis Priem at a Denny’s restaurant in San Jose, Calif., where he had worked part-time before getting his masters degree from Stanford University.

    Huang is reaping the benefits of his company’s success.

    He reportedly lives in a $38 million, 9,000-square-foot mansion in San Francisco’s Pacific Heights — which boasts a rooftop deck, wine cellar, movie theater and gym — with his wife, Lori, who he met while getting his undergraduate degree at Oregon State University, and his two children, Spencer and Madison.

    The California-based company’s chief financial officer, Colette Kress, said on an earnings call with investors that Nvidia “had an exceptional quarter,” noting that its $13.51 billion in revenue beat both Wall Street’s $12.6 billion estimate and the company’s own $11 billion prediction.

    Kress, who also serves as Nvidia’s executive vice president, suggested that Nvidia won’t be slowing down, and told investors to expect $16 billion in revenue at the end of next quarter.

    Analysts polled by Refinitiv on average were expecting $12.61 billion.

    Adjusted revenue in the second quarter was $13.51 billion, compared with estimates of $11.22 billion.

    Nvidia also posted record data center revenue of $10.32 billion — up 141% from the first quarter and a 171% increase from the year ago period.

    The data center earnings also crushed analyst estimates of $7.69 billion by more than $2 billion, according to Refinitiv data.


    Nvidia posted $13.51 billion in revenue for the second quarter, plus $10.32 billion in data center profits and $2.49 billion in gaming earnings.
    Nvidia posted $13.51 billion in revenue for the second quarter, plus $10.32 billion in data center profits and $2.49 billion in gaming earnings.
    AP

    Meanwhile, profits at Nvidia’s gaming segment rose to $2.49 billion.

    Nvidia’s results were a “‘drop the mic’ moment in our opinion that will have a ripple impact for the tech space for the rest of the year,” said Daniel Ives, analyst at Wedbush Securities.

    The company has been cashing in on the artificial intelligence boom with the creation of AI chips that can generate text for chatbots like ChatGPT, generate code and perform image, facial and speech recognition.

    Nvidia’s AI chips are already used by providers like Amazon, Alibaba and Microsoft — companies that run some of the largest cloud-computing services out there.

    “A new computing era has begun. Companies worldwide are transitioning from general-purpose to accelerated computing and generative AI,” Huang said.


    Nvidia's stock surged as much as 10% in after-hours trading on Wednesday, pushing its share price to an all-time high.
    Nvidia’s stock surged as much as 10% in after-hours trading on Wednesday, pushing its share price to an all-time high.
    Google Finance

    Analysts have estimated that demand for Nvidia’s prized AI chips is exceeding supply by at least 50%, adding that the imbalance will stay in place for the next several quarters.

    Thus, Nvidia is spending big to secure supply.

    The company reported a 53% jump to $11.15 billion of inventory commitments from the previous quarter, largely because of the long-term supply needs for its data center chips.

    When The Post reached out to Nvidia for comment, a spokesperson pointed to the company’s earnings call.

    With Post wires



    crédito del artículo

  • Why Sam Bankman-Fried likely won’t get Adderall while locked up in Brooklyn jail

    Why Sam Bankman-Fried likely won’t get Adderall while locked up in Brooklyn jail


    Jailed FTX founder Sam Bankman-Fried will likely have to survive without access to Adderall while behind bars at the infamous Metropolitan Detention Center in Brooklyn, according to federal prison guidelines.

    As The Post reported earlier this week, Bankman-Fried’s lawyers whined at a hearing that he hasn’t been given his prescribed Adderall to treat his ADHD in the 11 days since he was tossed in jail to await trial in October.

    However, the Federal Bureau of Prisons, which oversees the Metropolitan Detention Center, generally does not allow Adderall and other stimulants to be supplied to inmates. The policy was detailed in a “clinical guidance” document on ADHD treatment issued by the feds in December 2021.

    “Psychostimulants should not commonly be prescribed first-line for treating patients within the correctional setting due to risk of misuse and diversion,” the document says.

    The guidance adds that “non-stimulant pharmacologic options have established efficacy and are used as first-line treatment for adult ADHD in BOP facilities.”

    Bloomberg was the first to report on the document.

    Bankman-Fried’s legal team argued that their client was unable to adequately prepare for his trial without access to his prescribed ADHD medication.


    Sam Bankman-Fried is accused of leaking Caroline Ellison’s personal writings.
    Alec Tabak

    Defense attorney Mark Cohen complained that Bankman-Fried has not had access to vegan meals and was “literally now subsisting on bread and water and sometimes peanut butter” inside the facility.

    “[Trial is] coming up in six weeks in one of the most complex cases in this courthouse,” Cohen added. “He’s being denied medication to focus.”

    Bankman-Fried was not getting his Adderall doses despite an earlier order from federal Judge Lewis Kaplan that he receive “uninterrupted access to his daily prescribed medications” while housed at the Metropolitan Detention Center.


    Adderall
    SBF’s legal team complained that he hasn’t been given access to Adderall.
    AP

    The Federal Bureau of Prisons declined to comment specifically on Bankman-Fried’s case, citing “privacy, safety and security reasons.”

    However, the BOP said that its guidelines would not necessarily prevent Bankman-Fried from obtaining Adderall if it is prescribed by a doctor.

    “Generally, we can tell you all incarcerated individuals at the Metropolitan Detention Center (MDC) Brooklyn have access to appropriate healthcare and medicine, including Adderall when clinically indicated,” a spokesperson told The Post. “While stimulants are not the preferred first-line agent, they may be approved following an evaluation and brief procurement process.”

    “The FBOP uses licensed and credentialed healthcare providers in its ambulatory care units, which community consultants and specialists support,” the spokesperson added. “Each individual is independently treated on a case-by-case basis, and treatment is provided as clinically indicated, including referrals to specialists.”

    Bankman-Fried has been outspoken in the past about his use of Adderall and other brain-boosting drugs.

    In one podcast interview from October 2020, Bankman-Fried said such drugs could be “life-changing.”

    “In general, probably half of all people or more should be taking meds of some kind, because they just make your life a lot better,” Bankman-Fried said at the time.


    Metropolitan Detention Center
    Metropolitan Detention Center is located in Brooklyn.
    Paul Martinka

    Kaplan revoked Bankman-Fried’s bail and ordered him to report to jail earlier this month for allegedly leaking the personal writings of his former business associate and ex-girlfriend, Caroline Ellison, to a New York Times reporter.

    Bankman-Fried is locked up at the same facility that once housed Jeffrey Epstein associate and convicted sex offender Ghislaine Maxwell – whose legal team had decried “reprehensible” conditions at the jail.


    Sam Bankman-Fried
    Sam Bankman-Fried was ordered to federal jail earlier this month.
    REUTERS

    The federal lockup has become notorious in recent years for a host of issues, including severe staffing shortages and dismal conditions such as maggot-infested food, filthy cells, and power outages.

    Ellison, who has pleaded guilty to fraud charges, formerly served as CEO of Alameda Research, Bankman-Fried’s doomed cryptocurrency hedge fund. Bankman-Fried allegedly used FTX customer funds in part to cover losses at Alameda.

    Ellison is expected to be a key witness at Bankman-Fried’s trial. Bankman-Fried has denied wrongdoing and pleaded not guilty to various charges.



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  • Elon Musk’s SpaceX sued by DOJ over asylees, refugees hiring

    Elon Musk’s SpaceX sued by DOJ over asylees, refugees hiring


    The Justice Department sued Elon Musk-owned rocket and satellite company SpaceX on Thursday for allegedly discriminating against asylum seekers and refugees in hiring.

    “The lawsuit alleges that, from at least September 2018 to May 2022, SpaceX routinely discouraged asylees and refugees from applying and refused to hire or consider them, because of their citizenship status, in violation of the Immigration and Nationality Act,” the Justice Department said in a statement.

    In job postings and public statements over several years, SpaceX wrongly claimed that under federal regulations known as export control laws, SpaceX could hire only US citizens and lawful permanent residents, sometimes referred to as “green card holders,” the Justice Department said.

    The Justice Department also pointed to online posts from the company’s billionaire owner Musk as example of “discriminatory public statements.”


    SpaceX and Elon Musk have been sued for allegedly “refusing to hire or consider” refugees or asylees for employment.
    REUTERS

    The lawsuit cited a June 2020 post on X, formerly called Twitter, by CEO Musk to his then 36 million followers that said: “U.S. law requires at least a green card to be hired at SpaceX, as rockets are advanced weapons technology.”

    SpaceX did not immediately respond to a request for comment on the lawsuit.

    “Our investigation found that SpaceX failed to fairly consider or hire asylees and refugees because of their citizenship status and imposed what amounted to a ban on their hire regardless of their qualification, in violation of federal law,” said US Assistant Attorney General Kristen Clarke of the Justice Department’s civil rights division.


    SpaceX logo
    SpaceX was accused of violating the Immigration and Nationality Act.
    AP

    Clarke also said SpaceX recruiters and high-level officials “actively discouraged” asylum seekers and refugees from seeking work opportunities at the company.

    The United States seeks fair consideration and back pay for asylum seekers and refugees who were deterred or denied employment at SpaceX due to the alleged discrimination, the Justice Department said.

    The lawsuit also seeks civil penalties in an amount to be determined by court and policy changes to ensure SpaceX complies with the federal non-discrimination mandate going forward.



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