☕️ SpaceX turns profitable after two years of losses

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:

🚀 SpaceX turns profitable after two years of losses
🤖 Google's upcoming AI 'personal life coach'
📰 NY Times may sue OpenAI over ChatGPT
🚗 Tesla didn't address Autopilot after 2016 fatal crash
🖼️ Bored Ape NFT buyers sue over poor investment

🚀 SpaceX turns profitable after two years of lossesLINK

SpaceX turned a profit of $55 million in the first quarter of this year, a positive shift after facing losses in the past two years.

The company's revenue for the same period was $1.5 billion, according to documents obtained by The Wall Street Journal.

SpaceX's valuation of approximately $150 billion rivals major companies like Intel and Disney, sustained by substantial capital infusions and stock issuance.

🤖 Google's upcoming AI 'personal life coach'LINK

Google's DeepMind is developing generative AI for various personal and professional tasks, including creating a "life advice" tool.

This move follows AI safety experts' concerns about AI-spun life advice impacting users' well-being and agency.

Google is also exploring AI tools for tutoring, planning, and assistance, although deployment plans remain undecided.

📰 NY Times may sue OpenAI over ChatGPTLINK

The New York Times is contemplating a lawsuit against OpenAI over alleged intellectual property infringement due to concerns about competition.

OpenAI's access to scraped data and text generation capabilities raises worries about potential copyright violations and copyright penalties.

If legal action were taken and OpenAI was found in violation, it could face significant fines and potential challenges in handling copyright issues in the AI field.

🚗 Tesla didn't address Autopilot after 2016 fatal crashLINK

Tesla is facing legal pressure as engineers claim the company did not fix Autopilot limitations after fatal crashes.

The New York Times and OpenAI have been in negotiations, with the newspaper considering a lawsuit over alleged intellectual property infringement.

Concerns about competition and copyright violations surround Tesla's Autopilot system, and the company faces investigations over potential defects and deaths linked to Autopilot.

🖼️ Bored Ape NFT buyers sue over poor investmentLINK

Sotheby's auction house is facing a lawsuit over allegedly inflating Bored Ape NFT prices during the 2021 NFT craze.

The lawsuit claims Sotheby's deceived investors by creating an air of legitimacy around the NFTs and not revealing that the buyer was FTX.

Investors allege harm from buying NFTs with the expectation of profit, and Sotheby's is accused of violating laws related to unfair competition, securities, and more.

Other news you might like

Bitcoin, fallen to two-month low at $26,172 due to SpaceX's Bitcoin write-down and low enthusiasm from retailers, reflecting crypto's volatility.LINK

Spotify considered removing white noise podcasts due to their popularity and the platform's algorithm pushing them, but the plan was not implemented.LINK

Microsoft Travel section posted an AI-generated article on Ottawa attractions, including unfortunate phrasing about the Ottawa Food Bank, highlighting the lack of oversight in publishing AI-generated content.LINK

Meta warns employees that failing to meet the three-day-per-week office attendance requirement could lead to job loss as part of the company's "year of efficiency" austerity measures, while remote workers are advised to visit the office no more than 4 days every 2 months.LINK

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

See you tomorrow for a new dose of ☕️ Techpresso!