Good morning! This is your daily ☕️ Techpresso.
In today's Techpresso:
🍎 Apple halts work on Vision Pro
🩻 OpenAI expands into healthcare with AI tool for cancer screening
❌ Adobe ‘trapped customers' into subscriptions, FTC says in lawsuits
🚗 EV maker Fisker files for bankruptcy
🛰️ NATO invests $1.1 billion in AI, space, and robotics defence tech
🎁 + 5 other news you might like
🔮 + 3 handpicked research papers and tools
🍎 Apple halts work on Vision ProLINK
Apple has paused development on the second-generation Vision Pro headset to concentrate on a more affordable version, according to The Information.
The company reportedly began working on this cheaper Vision device, codenamed "N109," in 2022, aiming to sell it for a price similar to a high-end iPhone.
Even though Apple plans to use the high-end display components from the Vision Pro in the budget model, it still faces challenges in reducing costs without removing too many features.
🩻 OpenAI expands into healthcare with AI tool for cancer screeningLINK
OpenAI has partnered with Color Health to integrate artificial intelligence into cancer screening and treatment procedures using their GPT-4o model.
The AI assistant developed by Color Health processes patient data to create personalized cancer screening strategies and informs doctors of missing diagnostic tests.
The AI tool also helps in assembling a cancer pretreatment work-up, expediting the process that can take weeks or months, and thus potentially reducing delays in treatment.
❌ Adobe ‘trapped customers' into subscriptions, FTC says in lawsuitsLINK
The FTC has sued Adobe, claiming that the company knowingly made it difficult to cancel subscriptions to avoid losing revenue, leading to hidden cancellation fees for users.
The FTC alleges that Adobe's enrollment practices lock users into an annual plan with hidden early termination fees that are not clearly disclosed during sign-up.
Adobe plans to defend against the FTC's accusations, stating that their subscription terms are transparent and that the cancellation process is straightforward.
🚗 EV maker Fisker files for bankruptcyLINK
Fisker Inc., an electric-vehicle startup, filed for bankruptcy on Monday after halting production of its Ocean SUV due to persistent malfunctions.
The bankruptcy filing lists assets between $500 million and $1 billion, and liabilities ranging from $100 million to $500 million, protecting Fisker from creditors as it develops a repayment plan.
This is the second EV company founded by Henrik Fisker to declare bankruptcy, with Fisker Automotive filing for Chapter 11 in 2013 following multiple recalls and the collapse of its battery supplier.
🛰️ NATO invests $1.1 billion in AI, space, and robotics defence techLINK
NATO has started its €1 billion investment in defence technology, focusing on AI, space, and robotics, by funding four European tech firms and four venture capital funds.
The NATO Innovation Fund, established in 2022, aims to address contemporary defence and security challenges by matching government buyers with start-ups to develop new technologies.
Initial recipients of the fund include Germany’s ARX Robotics, UK's Fractile AI, iComat, and Space Forge, with the broader aim of promoting NATO's technological sovereignty and innovation ecosystems.
Other news you might like
Apple is shutting down Apple Pay Later just months after launch.LINK
Meta releases Threads API for developers to build ‘unique integrations’.LINK
Crypto stablecoin giant Tether introduces new synthetic dollar backed by gold.LINK
Apple releases 20 new AI models to run on edge devices.LINK
Elon Musk says he’s working on Tesla Master Plan part four.LINK
Latest research and tools
TokenCost: a tool for calculating the USD cost of using over 400 large language model (LLM) APIs, tracking price changes, and integrating cost estimation into applications with ease.LINK
TikTag: bypassing ARM CPU MemTag via speculative execution attack demonstrates a method to circumvent memory safety mechanisms on ARM processors through speculative execution vulnerabilities.LINK
Intel-undervolt: a Linux tool for undervolting Intel CPUs and altering throttling limits, allowing users to manage power consumption and thermal performance, with configurable parameters for better efficiency or performance, despite potential hardware risks.LINK
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