Saturday, August 26, 2023

Techpresso logo


☕️ OnlyFans owner paid himself $338 million last year

Receive a daily summary of what happened in tech, powered by ML and AI.

Thank you! We sent you a verification email.
Oops! Something went wrong while submitting the form.
Join 1,500+ thinkers, builders and investors.

Hi there!

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:

💸 OnlyFans owner paid himself $338 million last year
📚 Stephen King's positive outlook on AI's role in literature
🛒 Instacart's financials revealed ahead of IPO
🎬 VFX artists show that Hollywood can use AI to create, not exploit
🧬 Male Y chromosome has finally been completely sequenced

💸 OnlyFans owner paid himself $338 million last yearLINK

  • Leo Radvinsky, owner of OnlyFans, earned $338 million in 2022 as the subscription site gained popularity.
  • OnlyFans saw a 47% increase in creators (3.2 million) and a 27% surge in users (238.8 million) in 2022, leading to a 17% revenue rise.
  • Radvinsky, a Ukrainian-American entrepreneur, also founded MyFreeCams and aims to accumulate wealth for philanthropy.
  • 📚 Stephen King's positive outlook on AI's role in literatureLINK

  • Stephen King, the renowned horror author, believes opposing AI's use in creativity is futile, as his works have already been used to train AI.
  • While some in the creative industry resist AI, King sees potential in its role, but questions if machines can achieve true human-level creativity.
  • King remains cautiously optimistic about AI's future impact, acknowledging its limitations and leaving room for its potential growth in human-like creativity.
  • 🛒 Instacart's financials revealed ahead of IPOLINK

  • Instacart, a pandemic-fueled grocery delivery service, prepares for an IPO with $428 million profit in 2022.
  • While its core grocery delivery growth slows, Instacart's shift to higher-margin online advertising contributes nearly 30% of its $2.5 billion revenue.
  • The company's IPO could influence the fate of tech start-ups, as many await a more favorable market, driven by a demand for public offerings.
  • 🎬 VFX artists show that Hollywood can use AI to create, not exploitLINK

  • AI technology, including generative algorithms, is making its way into film and TV production, assisting artists rather than replacing them.
  • AI tools are being used for tasks like procedural generation of effects, style transfer for artistic effects, and accelerating dialogue between creators and directors.
  • While AI has the potential to enhance the creative process, concerns about automation and displacement of artists are also being raised, urging a balance between human creativity and AI assistance.
  • 🧬 Male Y chromosome has finally been completely sequencedLINK

  • Researchers have fully sequenced the human Y chromosome, revealing insights into its origins and its impact on male fertility.
  • The Y chromosome's complexity and repetitive DNA made it a challenging puzzle to decode, but new sequencing technologies allowed for its comprehensive sequencing.
  • The sequencing revealed 106 protein-coding genes on the Y chromosome, including ones related to male fertility and sperm production.
  • Other news you might like

    X, formerly known as Twitter, is launching the X Hiring feature in beta, allowing verified organizations to post job listings on its platform and compete with LinkedIn's offerings for job searches, adding to its ambitions as an all-encompassing app.LINK

    Concrete can be strengthened by almost 30% by substituting sand with coffee grounds that have been treated through pyrolysis, potentially reducing the environmental impact of sand extraction for construction, according to a study published in the Journal of Cleaner Production. Researchers found that coffee grounds pyrolyzed at 662 degrees, replacing 15% of sand, resulted in a 29% increase in compressive strength, suggesting a way to repurpose biowaste and improve concrete durability.LINK

    Etsy has seen a surge of fake Donald Trump mug shot T-shirts, but with his recent actual mug shot due to indictments, the authentic image is gaining significant attention, potentially becoming an enduring and impactful historical photo.LINK

    A group of cryptozoologists is embarking on the biggest Loch Ness Monster hunt in over five decades, utilizing thermal drones and hydrophones to search for the mythological creature.LINK

    Want to get the latest news differently? Find us on:

    twitter spotify Apple Podcast Google Podcasts

    See you tomorrow for a new dose of ☕️ Techpresso!