Good morning! This is your daily ☕️ Techpresso.
In today's Techpresso:
🍕 Google AI tells users to glue pizza and eat rocks
✌️ OpenAI scraps controversial nondisparagement agreement with employees
🎟️ US sues Ticketmaster for monopoly
📈 Ether ETF gets surprise approval in ‘exciting moment’ for crypto industry
💰 Musk’s xAI nears deal valuing startup at $24B
🎁 + 9 other news you might like
🔮 + 1 handpicked research papers and tools
🍕 Google AI tells users to glue pizza and eat rocksLINK
Google's new AI Overviews feature suggested adding non-toxic glue to pizza as a solution to prevent cheese from falling off, based on a decade-old joke from Reddit.
The feature has made several other mistakes, such as stating that former US President James Madison graduated from the University of Wisconsin 21 times and claiming that Batman is a cop.
Google acknowledges these are "isolated examples" and emphasizes the AI is experimental, but the errors highlight significant issues with the current state of AI-generated information.
✌️ OpenAI scraps controversial nondisparagement agreement with employeesLINK
OpenAI will not enforce any previously signed nondisparagement agreements with former employees and will remove such language from its exit paperwork, as stated to Bloomberg.
Previously, employees had to choose between speaking against the company or keeping their vested equity, potentially losing millions if they refused to sign the agreement.
Sam Altman, OpenAI's CEO, expressed embarrassment over the existence of the clause and pledged to rectify the paperwork, while Chief Strategy Officer Jason Kwon apologized for the distress caused.
🎟️ US sues Ticketmaster for monopolyLINK
The Biden administration is taking action against high concert ticket prices by having the Department of Justice file a lawsuit to break up Ticketmaster's parent company, Live Nation Entertainment.
The DOJ accuses Live Nation of holding an illegal monopoly, controlling a significant share of the concert promotion and ticketing markets, which stifles competition and harms consumers, artists, and venues.
Live Nation argues that breaking up the company won't address fans' concerns about ticket prices and service fees, claiming that competition has already reduced their market share and profit margins.
📈 Ether ETF gets surprise approval in ‘exciting moment’ for crypto industryLINK
The U.S. SEC has approved applications from Nasdaq, CBOE, and NYSE to list exchange-traded funds (ETFs) connected to ether, allowing these new products to potentially start trading later this year.
The approval represents a significant development for the industry, as noted by industry leaders who believe these ETFs could provide important safeguards for U.S. investors.
Despite prior rejections of similar applications for bitcoin ETFs due to market manipulation concerns, the SEC's new approach reflects a potentially accelerated path for ether ETFs, though further regulatory approvals are still necessary.
💰 Musk’s xAI nears deal valuing startup at $24BLINK
Elon Musk's AI startup, xAI, is expected to complete a funding round in June that could value the company at over $24 billion. The company originally aimed to raise around $6 billion earlier this month but is now seeking to gather as much as $6.5 billion, with final deal closure still pending. xAI has been marketed to Silicon Valley investors using a pitch highlighting Musk's success with Tesla and SpaceX, and plans to leverage data from his social platform X (formerly Twitter) to build its AI chatbot, Grok.
Other news you might like
Cohere open-sources Aya 23, a new family of open-source large language models that can understand 23 languages.LINK
TikTok limits state-affiliated media.LINK
Musk opposes US tariffs on Chinese electric cars.LINK
Google reveals first subsea cable connecting Africa and Australia.LINK
Spotify Car Thing runs out of road – and fans are utterly furious it's being bricked.LINK
Micron loses patent trial, must pay rival Netlist $445 million in damages.LINK
Anthropic takes a look into the ‘black box’ of AI models.LINK
Atari just bought Intellivision, putting an end to the very first console war.LINK
Microsoft and G42 are building a $1 billion data center in Africa powered by geothermal energy.LINK
Latest research and tools
Perplexica: an open-source AI-powered search engine that comprehends queries to deliver deep web insights with privacy, powered by SearxNG and enriched by local LLMs for up-to-date results.LINK
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