Tuesday, October 10, 2023

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☕️ Microsoft is reportedly losing huge amounts of money on GitHub Copilot

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


💸 Microsoft is reportedly losing huge amounts of money on GitHub Copilot
📱 ChatGPT mobile app hit record revenue last month, but growth is slowing
🚦 Google’s AI is making traffic lights more efficient and less annoying
🎮 Unity boss resigns after game engine pricing backlash
🤖 ElevenLabs is building a universal AI dubbing machine
💉 MIT device could free those with type 1 diabetes from insulin injections and pumps

💸 Microsoft is reportedly losing huge amounts of money on GitHub CopilotLINK

  • Microsoft is reportedly losing up to $80 per user per month on GitHub Copilot, its AI coding assistant.
  • Despite the losses, GitHub Copilot, which uses GPT models from OpenAI, is proving to be good value for the customers.
  • The costs are associated with the high resources needed for AI models, which include power and water for cooling data centers.
  • 📱 ChatGPT mobile app hit record revenue last month, but growth is slowingLINK

  • ChatGPT's mobile app set a new revenue record in September with close to $4.58 million and 15.6 million downloads, but its revenue growth is beginning to slow.
  • The chatbot's $19.99 per month subscription service might be reaching its user saturation point, possibly explaining the decelerating revenue growth.
  • Despite the record revenue, ChatGPT lags behind a competitor, Ask AI, in total revenue, although it saw more downloads averaging at 15.6 million in September, largely driven by Google Play.
  • 🚦 Google’s AI is making traffic lights more efficient and less annoyingLINK

  • Through new AI software, Google is helping to significantly reduce both the environmental impact and driver frustration caused by traffic lights in cities across the globe, including Seattle, Jakarta, Rio de Janeiro, and Hamburg.
  • The AI-powered recommendations have cut as many as 30 percent of stops and reduced emission by 10 percent for approximately 30 million vehicles a month, according to Google's preliminary data.
  • While receiving positive reviews so far, Google's Project Green Light is preparing to expand to more cities next year, aiming to further optimize traffic signals and promising to provide more details in a forthcoming paper.
  • 🎮 Unity boss resigns after game engine pricing backlashLINK

  • Game developers reacted positively to Unity CEO Riccitiello's departure, with many considering it a necessary step for rebuilding trust within the company.
  • Despite the optimism, some developers insist that change at Unity won't be sufficient until the company's board members, who also approved controversial business decisions, step down.
  • The company's stock price rose by nearly 7% following the announcement of Riccitiello's departure, but it remains significantly lower than before controversial pricing fee adjustments were announced.
  • 🤖 ElevenLabs is building a universal AI dubbing machineLINK

  • ElevenLabs, an AI startup, is developing an "AI dubbing" system that recreates local voice actors' voices in multiple languages.
  • This innovative tool can translate spoken content to another language and generate new dialogues in a target language, maintaining the emotion and intonation of the original dialogue.
  • The technology aims to aid media companies, educators and influencers in global adaptation efforts, broadening audience access to various content worldwide.
  • 💉 MIT device could free those with type 1 diabetes from insulin injections and pumpsLINK

  • Researchers at MIT have developed an internal device aiming to negate the need for type 1 diabetics to inject insulin or wear a pump.
  • The device generates oxygen by splitting water vapor in the body, ensuring pancreatic islet cells continue to produce insulin.
  • Successful tests have been carried out on diabetic mice, with work now moving towards a human-ready device, ultimately aiming to alleviate daily difficulties for type 1 diabetics.
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    X's CEO, Linda Yaccarino, has withdrawn from WSJ Tech Live conference, following her unsuccessful defense of Elon Musk and X at the Code Conference.LINK

    Airbnb CEO Brian Chesky laid off 1,900 staff due to the pandemic, created an alumni directory for recruiters, and actively sought new jobs for them.LINK

    AMD acquires open-source AI software startup Nod.AI, bolstering its AI operations and reinforcing its competitive stance against Nvidia.LINK

    Samsung is forecasted to see an 80% profit drop in Q3 due to struggling semiconductor segment amidst falling memory chip prices.LINK

    Costco is accused in a lawsuit of using Meta Pixel to share customers' personal health data with Meta without consent, potentially violating privacy laws.LINK


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