The HKMA and Cyberport launch the GenA.I. Sandbox to foster responsible A.I. innovation in the financial sector. The Hong Kong Monetary Authority (HKMA), in collaboration with the Hong Kong Cyberport Management Company Limited (Cyberport), has officially launched the Generative Artificial Intelligence (GenA.I.) Sandbox. This initiative, announced at the FiNETech2... Read more
The future of streaming is ads
Tech June 6, 2023
Call it FAST, call it AVOD, call it whatever you want. Free ad-supported streaming is having a moment, and it’s only going to get bigger from here. Watching TV has always been mostly ad-supported. And easy to do. Free streaming is bringing that back.Illustration by GraphicaArtis/Getty Images The big-name... Read more
The Fed on Silicon Valley Bank Collapse: We May Have Dropped the Ball There
Money/Business June 6, 2023
Federal Reserve Board Chairman Jerome Powell. Photo: Alex Wong (Getty Images) In a highly anticipated report on the collapse of Silicon Valley Bank, the Federal Reserve admits that it should’ve been paying slightly closer attention to the tech-centric bank before it unceremoniously collapsed last month. At the same time,... Read more
The best part of FAST TV is the choice it takes away
Tech June 6, 2023
Sometimes you don’t need to pick what you want to watch; sometimes you just want to zone out watching the boob tube. FAST TV makes it very easy to just zone out and not stress, like broadcast TV did once before. Photo by François LOCHON/Gamma-Rapho via Getty Images I’ve... Read more
FTC Chair and Big Tech critic Lina Khan. Photo: Anna Moneymaker (Getty Images) The Federal Trade Commission will not appeal the court ruling rejecting its attempt to block the acquisition of VR fitness company Within by Facebook and parent company Meta. The regulator’s decision marks a major win for... Read more
The age of generative AI is upon us, and this week alone Google and Microsoft made major announcements around their respective products for the masses. While Google unveiled an “experimental conversational AI service” called Bard yesterday, Microsoft had a fuller slate of news to share at its event in... Read more
The Model Y’s sticker price is no longer bridled by the government’s $55,000 cap to qualify for EV tax credits. The Model Y just got more expensive.Image: Getty Images Tesla raised the price of its Model Y electric vehicle (EV) just hours after the US Treasury Department adjusted its... Read more
Photo: Lost Spirits Distillery There’s beginning to be more to Vegas than the strip, and at the forefront of the play paradise destination is Area 15, home to immersive distillery Lost Spirits (and soon to be expanding with Universal Studios, too.) Lost Spirits is themed around sci-fi adventure literature;... Read more
Facebook now has 2 billion users
Tech June 5, 2023
The social network is still growing even as Meta has made significant cuts. Almost 20 years in, Facebook is still growing. The social network now has 2 billion daily active users, Meta reported alongside its fourth-quarter earnings. The report marks the first time Facebook, which added 16 million users... Read more
But it can “mislabel both AI-generated and human-written text.” OpenAI has released a tool to help you determine whether text was more likely written by a human or AI. However, the ChatGPT maker warns that its equivalent of Blade Runner’s Voight-Kampff test can also get it wrong. The tool... Read more
