Tuesday, August 15, 2023

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☕️ Google enhances search with AI-driven summaries

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This is your daily dose of ☕️ Techpresso, where you get the latest tech news of the day effortlessly.

Here's the latest tech news from the last 24 hours:

🔍 Google enhances search with AI-driven summaries
📈 Nvidia's stocks surge after
🛑 US watchdog targets surveillance industry
🚗 Tesla unveils cheaper Model S and Model X variants
💰 Singapore pioneers in stablecoin crypto regulation
💊 Amazon Pharmacy offers major savings on insulin

🔍 Google enhances search with AI-driven summariesLINK

  • Google's Search Generative Experience (SGE) AI mode introduces updates to aid users in better understanding web information, including tools for defining unfamiliar terms, improving comprehension of coding across languages, and using SGE's AI while browsing.
  • These enhancements aim to enhance users' understanding of complex concepts, boost coding skills, and facilitate browsing of long-form content.
  • New SGE features include word hover for definitions and related images, syntax highlighting for programming code, and a browsing mode for engaging with long-form content, resembling Bing Chat's existing features.
  • 📈 Nvidia's stocks surge afterLINK

  • Nvidia's stock rises 7% as investors see its GPUs remaining dominant in powering large language models.
  • Morgan Stanley reiterates Nvidia as a "Top Pick" due to strong earnings, AI spending shift, and ongoing supply-demand imbalance.
  • Despite recent fluctuations, Nvidia's stock has tripled in 2023, and analysts anticipate long-term benefits from AI and favorable market conditions.
  • 🛑 US watchdog targets surveillance industryLINK

  • The U.S. Consumer Financial Protection Bureau (CFPB) plans to regulate data brokers selling personal data due to concerns about their impact on privacy, including sensitive data from vulnerable groups.
  • CFPB aims to prevent illegal collection and sharing of personal data by data brokers in the surveillance industry.
  • The proposal expands coverage under the Fair Credit Reporting Act to include data derived from payment histories, personal income, and criminal records, addressing concerns such as credit header data disclosure.
  • 🚗 Tesla unveils cheaper Model S and Model X variantsLINK

  • Tesla introduces lower-priced options for the Model S and Model X with reduced range.
  • The "standard range" trim brings the Model S starting price to $78,490 with 320 miles of range and the Model X starting price to $88,490 with 269 miles of range.
  • This trim, previously discontinued, likely uses the same battery pack with a software lock, and Tesla may offer range unlocking for an additional fee.
  • 💰 Singapore pioneers in stablecoin crypto regulationLINK

  • Singapore's financial regulator has finalized rules for stablecoins, making it one of the first jurisdictions to do so globally.
  • Stablecoins are digital currencies designed to maintain a constant value against fiat currency, with a market value of around $125 billion and dominated by tokens like USDT and USDC.
  • The Monetary Authority of Singapore's framework outlines requirements including holding reserves in low-risk assets, timely redemption, and proper user disclosures for stablecoins mimicking the Singapore dollar or other G10 currencies.
  • 💊 Amazon Pharmacy offers major savings on insulinLINK

  • Amazon Pharmacy offers automatic coupons to help uninsured insulin-requiring patients save on medication costs.
  • The digital pharmacy shows pricing with and without insurance, estimates savings with eligible coupons, and simplifies the process compared to existing coupon programs.
  • Amazon Pharmacy's initiative has been praised by healthcare advocates and aims to improve access to affordable treatments, but manufacturer coupons are not available for patients benefiting from certain healthcare programs.
  • Other news you might like

    Apple will soon start making settlement payments to claimants of the "Batterygate" class-action lawsuit, with potential payments of up to $65 per person.LINK

    YouTube is removing cancer treatment content that's "harmful or ineffective," implementing new guidelines to remove unproven treatments and harmful advice.LINK

    California regulators approved round-the-clock robotaxi service in San Francisco for Waymo and Cruise, but a group of Cruise vehicles caused a traffic backup, highlighting challenges.LINK

    Microsoft is implementing an eight-strike suspension policy for Xbox community standards violations, scaling suspensions based on the number of strikes, with players able to appeal and view enforcement history.LINK

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