Good morning! This is your daily ☕️ Techpresso.
In today's Techpresso:
💰 Elon Musk's multibillion dollar pay package faces opposition
🤖 OpenAI rebuilds its robotics division
🎬 Sony wants to use AI to cut movie production costs
🙆♀️ Meta says the future of Facebook is young adults
🔓 Massive Ticketmaster, Santander data breaches linked to Snowflake cloud storage
📝 Meta’s AI is summarizing some bizarre Facebook comment sections
🎁 + 7 other news you might like
🔮 + 1 handpicked research papers and tools
💰 Elon Musk's multibillion dollar pay package faces oppositionLINK
A second shareholder advisory firm, ISS, has joined Glass Lewis in opposing the reinstatement of Elon Musk's $44.9 billion pay package, which was voided by a Delaware judge earlier this year.
ISS argued that Musk's stock-based compensation failed to meet certain board objectives and raised concerns about his focus on other ventures, despite Tesla's substantial growth in size and profitability.
Shareholders are voting on Musk's compensation package at Tesla's June 13 annual meeting, amidst the company's struggles with declining sales, an aging vehicle lineup, and a significant drop in stock price.
🤖 OpenAI rebuilds its robotics divisionLINK
OpenAI is reviving its robotics department that was previously discontinued in 2020 to accelerate the development of AI-powered robots.
The company has begun hiring research engineers to rebuild the robotics division, which has been active for about two months, with new hires among the team's first members.
OpenAI aims to collaborate with other robotics companies, not compete, by providing AI technology that can be integrated into robots, as demonstrated with Figure AI's partnership.
🎬 Sony wants to use AI to cut movie production costsLINK
Sony Pictures aims to use generative AI to reduce film production costs by embedding AI into the filmmaking process, as announced by CEO Tony Vinciquerra at an investor meeting in Japan.
Tech giants like Alphabet, Meta, and OpenAI are also entering the movie industry, offering AI video generators to Hollywood studios to create videos more efficiently.
While studios are interested in using generative AI to cut costs, they are cautious about licensing their content for AI training, with Disney and Netflix not yet participating in such agreements.
🙆♀️ Meta says the future of Facebook is young adultsLINK
Meta's Facebook reports that over 40 million young adults aged 18 to 29 in the U.S. and Canada check the platform daily, marking a significant demographic milestone for the company.
This increase demonstrates Facebook's recent efforts to regain the attention of young adults, who have been gravitating towards TikTok in recent years.
Meta observed five consecutive quarters of healthy growth in app usage among young adults, driven by popular features like Marketplace, Groups, and Dating.
🔓 Massive Ticketmaster, Santander data breaches linked to Snowflake cloud storageLINK
Investigations reveal that data breaches at Ticketmaster and Santander Bank, affecting hundreds of millions of accounts, originate from a compromised Snowflake cloud storage account.
The hacker, linked to the ShinyHunters group, used stolen credentials to bypass authentication protocols and accessed vast amounts of sensitive data, including from other major companies.
Snowflake contested the findings, claiming the unauthorized access was limited to a demo account with no sensitive information and was not due to vulnerabilities in their platform.
📝 Meta’s AI is summarizing some bizarre Facebook comment sectionsLINK
Meta's AI is now summarizing comments on Facebook posts, often highlighting the more absurd or contentious viewpoints, such as attributing a store closure to "going woke" or critiquing a street performance as "moronic panhandling."
These automated comment section summaries have raised privacy concerns because Meta is using user-generated content to train its AI, and many in the EU and UK have received notifications about this practice due to data protection laws.
Despite options to correct or delete personal data, Meta's policy mainly allows objections only for third-party information, making most user content fair game for AI training, as outlined on its privacy policy page.
Other news you might like
This article is OpenAI training data.LINK
Shares of Dell fall 18% as AI servers are sold at 'near-zero margins'.LINK
Microsoft could pay millions to European cloud provider association.LINK
ElevenLabs’ AI generator makes explosions or other sound effects with just a prompt.LINK
Former tech exec admits to fraud involving a scheme to boost Getty Images shares, authorities say.LINK
Hackers steal $305M from DMM Bitcoin crypto exchange.LINK
The iPhone 5s that you are carrying is an obsolete product according to Apple.LINK
Latest research and tools
Windrecorder: an open-source Windows app enabling users to search personal memories by recording screen activity, indexing changes, and analyzing content locally, without internet, enhancing recall with OCR and visuals while ensuring data privacy.LINK
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