Good morning! This is your daily ☕️ Techpresso.
In today's Techpresso:
🫠 Deepfake costs company $25 million
💸 Amazon finds $1B jackpot in its 100 million+ IPv4 address stockpile
🤔 Meta oversight board calls company's deepfake rule 'incoherent'
🤷♀️ Snap lays off 10% of workforce to ‘reduce hierarchy’
🎁 + 5 other news you might like
🔮 + 4 handpicked research papers and tools
🫠 Deepfake costs company $25 millionLINK
Scammers utilizing artificial intelligence "deepfakes" impersonated a multinational company’s CFO in a video call, tricking an employee into transferring over $25 million.
The scam involved deepfake representations of the CFO and senior executives, leading the employee to believe the request for a large money transfer was legitimate.
Hong Kong police have encountered over 20 cases involving AI deepfakes to bypass facial recognition, emphasizing the increasing abuse of deepfake technology in fraud and identity theft.
💸 Amazon finds $1B jackpot in its 100 million+ IPv4 address stockpileLINK
Amazon Web Services has implemented a new pricing scheme for IPv4 addresses, charging $0.005 per address per hour, aiming to tap into a billion-dollar revenue stream.
An analysis estimated Amazon controls nearly 132 million IPv4 addresses, potentially generating over $1 billion per year from active users of these addresses.
The scarcity and high demand for IPv4 addresses, alongside Amazon's large stockpile, underscore the ongoing challenges and costs associated with internet infrastructure management.
🤔 Meta oversight board calls company's deepfake rule 'incoherent'LINK
The Oversight Board criticizes Meta's current rules against faked videos as "incoherent" and urges the company to urgently revise its policy to better prevent harm from manipulated media.
It suggests that Meta should not only focus on how manipulated content is created but should also add labels to altered videos to inform users, rather than just relying on fact-checkers.
Meta is reviewing the Oversight Board's recommendations and will respond publicly within 60 days, while the altered video of President Biden continues to spread on other platforms like X (formerly Twitter).
🤷♀️ Snap lays off 10% of workforce to ‘reduce hierarchy’LINK
Snapchat's parent company, Snap, announced plans to lay off 10% of its workforce, impacting over 500 employees, as part of a restructuring effort to promote growth and reduce hierarchy.
The layoffs will result in pre-tax charges estimated between $55 million to $75 million, primarily for severance and related costs, with the majority of these costs expected in the first quarter of 2024.
The decision for a second wave of layoffs comes after a previous reorganization focused on reducing layers within the product team and follows a reported increase in user growth and a net loss in Q3 earnings.
Other news you might like
Microsoft reveals partnerships with news media companies to give them generative AI access.LINK
Samsung billionaire Jay Y. Lee acquitted in succession suit.LINK
Police departments are using AI to review bodycam footage, but unions are not happy about it.LINK
Apple just launched a new open-source programming language.LINK
iFixit tears Apple's Vision Pro to pieces.LINK
Latest research and tools
Sapling: an experimental vi-inspired editor designed for editing code instead of traditional text.LINK
Natural-SQL-7B: a powerful text-to-SQL model that translates natural language queries into SQL commands.LINK
StatCounter: a web traffic analysis tool that shows Linux usage reached 4% in the partial February 2024 data.LINK
Deep Learning for Multi-Label Learning: A Comprehensive Survey: this paper reviews the progress and techniques in applying deep learning to tasks that involve predicting multiple labels for a single instance.LINK
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