Good morning! This is your daily ☕️ Techpresso.
In today's Techpresso:
💰 Elon Musk's $56 billion pay package cancelled in court
💸 Google spent billions of dollars to lay people off
🤖 ChatGPT now lets you pull other GPTs into the chat
📰 The New York Times is building a team to explore AI in the newsroom
🌴 The tiny carribean island making a fortune from AI
🎁 + 9 other news you might like
🔮 + 2 handpicked research papers and tools
💰 Elon Musk's $56 billion pay package cancelled in courtLINK
A Delaware judge ruled against Elon Musk's $56 billion pay package from Tesla, necessitating a new compensation proposal by the board. The ruling, which could impact Musk's wealth ranking, was based on the argument that shareholders were misled about the plan's formulation and the board's independence. The case highlighted the extent of Musk's influence over Tesla and its board, with key witnesses admitting they were cooperating with Musk rather than negotiating against him.
💸 Google spent billions of dollars to lay people offLINK
Google spent $2.1 billion on severance and other expenses for laying off over 12,000 employees in 2023, with an additional $700 million spent in early 2024 for further layoffs.
In 2023, Google achieved a 13 percent revenue increase year over year, amounting to $86 billion, with significant growth in its core digital ads, cloud computing businesses, and investments in generative AI.
The company also incurred a $1.8 billion cost for closing physical offices in 2023, and anticipates more layoffs in 2024 as it continues investing in AI technology under its "Gemini era".
🤖 ChatGPT now lets you pull other GPTs into the chatLINK
OpenAI introduced a feature allowing custom ChatGPT-powered chatbots to be tagged with an '@' in the prompt, enabling easier switching between bots. The ability to build and train custom GPT-powered chatbots was initially offered to OpenAI’s premium ChatGPT Plus subscribers in November 2023. Despite the new feature and the GPT Store, custom GPTs currently account for only about 2.7% of ChatGPT's worldwide web traffic, with a month-over-month decline in custom GPT traffic since November.
📰 The New York Times is building a team to explore AI in the newsroomLINK
The New York Times is starting a team to investigate how generative AI can be used in its newsroom, led by newly appointed AI initiatives head Zach Seward.
This new team will comprise machine learning engineers, software engineers, designers, and editors to prototype AI applications for reporting and presentation of news.
Despite its complicated past with generative AI, including a lawsuit against OpenAI, the Times emphasizes that its journalism will continue to be created by human journalists.
🌴 The tiny carribean island making a fortune from AILINK
The AI boom has led to a significant increase in interest and sales of .ai domains, contributing approximately $3 million per month to Anguilla's budget due to its association with artificial intelligence.
Vince Cate, a key figure in managing the .ai domain for Anguilla, highlights the surge in domain registrations following the release of ChatGPT, boosting the island's revenue and making a substantial impact on its economy.
Unlike Tuvalu with its .tv domain, Anguilla manages its domain registrations locally, allowing the government to retain most of the revenue, which has been used for financial improvements such as paying down debt and eliminating property taxes on residential buildings.
Other news you might like
‘Microsoft is back.’ How AI put the five-decade-old tech giant on top again..LINK
Epic preps its challenge to Apple’s ‘bad-faith’ outside payments changes.LINK
Meta's Threads climbs the ranks of world's most downloaded apps again.LINK
ByteDance CEO berates staff for reacting too slowly to ChatGPT, new tech trends.LINK
TikTok is set to lose some major musical artists over AI and pay dispute.LINK
Volkswagen founds AI lab, in talks with potential partners.LINK
Mercedes-Benz source code was exposed by an easier to miss security flaw.LINK
Humanoid robot startup Figure AI in funding talks with Microsoft, OpenAI.LINK
Microsoft Edge is apparently usurping Chrome on people’s PCs.LINK
Latest research and tools
Gitstr: sends and receives Git patches over Nostr, facilitating code changes between distributed version control systems.LINK
Proton: a fast and lightweight alternative to Apache Flink, offering streamlined processing of large data streams.LINK
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