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Here's the latest tech news from the last 24 hours:
🤖 Legendary iPhone designer in talks with OpenAI about hardware AI device
🔍 Apple defends decision to set Google as default search engine
💸 OpenAI reportedly raising funds at a $90B valuation
🛒 Amazon faces major antitrust allegations by FTC
🌐 Biden administration plans to bring back ‘Net Neutrality’ rules
🤖 Legendary iPhone designer in talks with OpenAI about hardware AI deviceLINK
OpenAI, primarily known for its AI software, is exploring a move into hardware with reported discussions involving CEO Sam Altman and renowned product designer Jony Ive.
Potential hardware projects could include an AI-integrated smartphone, although nothing is concrete as of yet and some experts caution that such a pivot could serve as a major distraction.
Jony Ive, known for his design contributions to iconic Apple devices, left Apple in 2019 and has since been involved in various design projects including a high-end turntable and a logo for a sustainable practices framework.
🔍 Apple defends decision to set Google as default search engineLINK
Apple's senior executive, Eddy Cue, defended the company's decision to set Google as the default search engine on iPhone and Mac devices, stating there's no 'valid alternative'.
Google is currently facing a lawsuit from the U.S. Justice Department over allegations of stifling competition by paying companies like Apple to prioritize its search engine.
The antitrust case against Google is the biggest of its kind since the Justice Department challenged Microsoft's control over the Windows operating system nearly 25 years ago.
💸 OpenAI reportedly raising funds at a $90B valuationLINK
OpenAI, the AI startup behind ChatGPT, is in discussions with investors about a share sale.
The proposed share sale may increase the company's valuation to between $80 billion to $90 billion.
This potential valuation is roughly triple of its value from earlier in the year.
🛒 Amazon faces major antitrust allegations by FTCLINK
The US Federal Trade Commission (FTC) and 17 state attorneys general have filed an antitrust lawsuit against Amazon, accusing the company of monopolizing online shopping and exploiting its 'Buy Box' feature for anticompetitive practices.
The FTC alleges Amazon penalizes sellers offering lower prices on other platforms by removing them from the Buy Box, leading to a significant drop in their sales and inducing a climate of "constant fear".
The complaint also asserts Amazon uses the Buy Box to promote its own products, undercutting other sellers who also experience steeply rising fulfillment and commission fees, forcing many to hand over up to half their revenue to Amazon.
🌐 Biden administration plans to bring back ‘Net Neutrality’ rulesLINK
FCC Chairwoman Jessica Rosenworcel has announced a proposal aiming to reinstate net neutrality rules that ensure equal treatment of all broadband data.
If the proposal is agreed upon, the commission will vote on October 19 to start creating these rules, which includes a period for public commentary before a final decision is made.
The FCC's move to reintroduce net neutrality comes after new commissioner Anna Gomez was approved by Congress, providing a Democrat majority in decision-making.
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OpenAI's Sam Altman jokingly claimed to have achieved human-level AI, following a significant ChatGPT update capable of audiovisual comprehension.LINK
NFT marketplace OpenSea suffered a security breach with sensitive user data stolen, urging users to replace API keys amid undisclosed details.LINK
The world's first Unity user group disbands after 13 years, citing eroded trust and Unity's shift in focus from game development to profit.LINK
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Cloudflare launched an AI platform and tools for developers to facilitate scalable AI applications built on their serverless network, ensuring rapid deployment and cost-effectiveness.LINK
Binance is selling its Russia operations to CommEX, a new exchange, amid increasing Western firms' pullouts, assuring users' assets safety and smooth process.LINK
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