Monday, October 16, 2023

TECHPRESSO

by dupple

☕️ Millions of workers are training AI models for pennies

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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:


🛠️ Millions of workers are training AI models for pennies
🎮 Minecraft becomes first video game to hit 300m sales
💳 Goldman Sachs wants to end its Apple Card dea
🎥 YouTube gets new AI-powered ads
📱 iPhone 15 Pro Max's OLED display issues

🛠️ Millions of workers are training AI models for penniesLINK

  • In 2016, Oskarina Fuentes started working for Australian data services company, Appen, tagging training data for artificial intelligence (AI) algorithms amidst Venezuela's economic crisis.
  • Appen, which has large-scale clients like Amazon and Google, gave Fuentes the flexibility to work from home and earned her around $280 per month when there were enough tasks.
  • The AI sector is increasingly relying on cheap labor markets in developing countries, such as East Africa, Venezuela, and India, where workers carry out microtasks or short-term contracts for pennies.
  • 🎮 Minecraft becomes first video game to hit 300m salesLINK

  • Minecraft, nearing its 15th anniversary, has sold over 300 million copies, making it one of the highest-selling games ever.
  • New Minecraft features and expansions, including a Star Wars: Path of the Jedi DLC and Planet Earth DLC, were announced at a recent Minecraft Live event.
  • The game, despite confusion around its exact launch date, has maintained popularity under Mojang Studios, with its official release occurring in late 2011 following an initial public release in 2009.
  • 💳 Goldman Sachs wants to end its Apple Card deaLINK

  • Goldman Sachs is facing internal pressure to exit the Apple Card partnership due to a reported distraction from Goldman's core business and the anticipated decrease in profits from the bank's third-quarter earnings.
  • The popularity of the recently launched Apple's savings accounts with Goldman Sachs is a key factor keeping the partnership alive, despite executives' desire to offload Apple's financial products to another bank, possibly American Express.
  • Executives at Goldman Sachs are questioning the decision to enter the consumer banking sector, long seen as a diversion from traditional banking, with some partners calling for the ousting of CEO David Solomon due to his focus on consumer lending.
  • 🎥 YouTube gets new AI-powered adsLINK

  • YouTube has introduced a new advertising package "Spotlight Moments" which uses Google AI to identify popular videos related to specific cultural events and serve ads on these videos.
  • Marketing agency GroupM has become the first to offer its clients access to Spotlight Moments, highlighting the impact AI is having on consumer-facing products like advertisements.
  • Google is stepping into a new era where generative AI is being used to transform ad-selling and placements, including creating new headlines and descriptions for ads and integrating ads into its Search Generative Experience.
  • 📱 iPhone 15 Pro Max's OLED display issuesLINK

  • Apple's iPhone 15 Pro Max is facing customer complaints about display 'burn-in', where remnants of user interfaces stay visible even when they shouldn't be.
  • The issue is not uncommon on OLED displays, but the high frequency of reports could indicate a quality control problem with Apple's flagship phone.
  • If an iPhone 15 Pro Max user is experiencing 'burn-in', they should take the device for service at an Apple Store and avoid leaving static images on the screen for lengthy periods.
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    Australia's eSafety commissioner fines X, accusing it of failing to address child exploitation content, with inadequate responses on its detection and preventative measures.LINK

    Microsoft and Adobe are backing a new 'AI watermarking' system, featuring an icon to identify AI-generated images, but its effectiveness will depend on broad adoption across platforms, apps, and user understanding.LINK

    Netflix's crackdown on password-sharing likely increased subscription by around 6 million, this could further drive potential price hikes in the near future.LINK

    Apple develops a device for in-store, in-box iPhone updates, foresees a cheaper Vision Pro headset, and reveals forthcoming M3-powered MacBooks.LINK

    UK's ambition to lead in generative AI is deemed 'unrealistic' by Cambridge researchers, citing lacking capital, computing power, absence of strong regulations, and suggesting focus on real-world applications instead.LINK

    Gameto, a startup headed by CEO Dina Radenkovic, develops a minimalist version of IVF that matures human eggs in the lab, aiming to create a procedure that is simpler, less time-consuming and less expensive; CEO Radenkovic participated in the study to understand the user-experience.LINK

    Tether froze 32 crypto wallets containing $873,118 due to links with terrorism and warfare in Israel and Ukraine, bolstering its commitment to counter cybercrime.LINK


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