Elon Musk is a "renaissance man" who will guide Twitter and Tesla to new heights, Ark Invest CEO Cathie Wood said Wednesday at Axios BFD in San Francisco.
Driving the news: Wood offered a full-throated defense of Musk and his stewardship of Twitter, saying Ark Invest is seeking to increase its investment in the social media platform and expects a massive runup in Tesla's stock, which it also holds.
In a new report by S&P Global, the authors do a useful service by reminding readers in multiple ways of an incontrovertible fact: Crypto is still new.
Why it matters: When viewed as something to invest in, it's especially new compared to other asset classes because it's really only existed under zero interest-rate policy (ZIRP), when money is cheap.
Google CEO Sundar Pichai used the company's I/O developer conference on Wednesday to announce PaLM 2, a more sophisticated version of the large language model it is using in more than 25 AI-powered products. Google also debuted new Pixel devices, including an updated entry-level phone, its first foldable smartphone and a long-promised Pixel Tablet.
Why it matters: The company aims to demonstrate it is both keeping pace with OpenAI, Microsoft and others, while also not blindly steamrolling past important AI safety issues.
Two leading AI startups are offering novel approaches to making the inner workings of the latest generative technologies more visible and readily governed.
Why it matters: Generative AI can craft impressive combinations of words and images, but the opaque nature of the technology makes it difficult to understand, yet alone evaluate, its choices.
Google's tough challenge at its I/O developer conference on Wednesday: Show that it's at the forefront of the white-hot generative AI battle while also reassuring more than a billion users that it's moving carefully enough to avoid AI's many potential harms and doomsday scenarios.
Why it matters: The company faces a chorus of critics, inside and out — with some saying it's moving too recklessly and others warning it's falling behind.
Elon Musk weighed in after Tucker Carlson announced plans Tuesday to bring a "new version" of his old Fox News show to Twitter to emphasize that no deal was signed with the social media company.
Driving the news: "There aren't many platforms left that allow free speech," Carlson said in a video announcing his plan following his April 24 ouster from Fox News.
As Hollywood writers continue a massive strike against studios, some say they're worried that the unregulated use of artificial intelligence could hurt efforts to diversify the industry.
Details: The Writers Guild of America (WGA) wants the Alliance of Motion Picture and Television Producers (AMPTP) to regulate the use of AI in projects covered by its agreements and declare that AI can't write or rewrite literary material or be used as source material.
American extremists are consistently turning up on loosely-governed Russian social media platforms.
Why it matters: While there's no evidence to suggest that the Russian government is explicitly trying to lure American extremists to its social sites, experts note that Moscow doesn't seem interested in doing anything to discourage them, either.
Employees at Fortune 1000 telecommunications companies are some of the most exposed on dark web sites, according to a report released Tuesday.
What's happening: Researchers at threat intelligence firm SpyCloud found 6.34 million pairs of credentials — including corporate email addresses and passwords — that likely belong to telecommunications company employees.
The ransomware gang believed to be behind an ongoing attack on the City of Dallas' systems is made up of some familiar characters.
The big picture: Royal ransomware is thought to include former members of Conti, another notorious, but defunct, Russian ransomware gang, researchers at Palo Alto Networks said in a report released Tuesday.
One of the most straightforward cybersecurity solutions has become unnecessarily confusing and overhyped as the government pushes to see it implemented, security experts warn.
The big picture: Ever since 2020's SolarWinds cyber espionage campaign, the Biden administration and security vendors have been encouraging companies — especially tech vendors for the federal government — to create what's known as a software bill of materials (SBOM).
The company behind the NFT brand Pudgy Penguins has raised a cool $9 million in a round led by early-stage investors 1kx.
Why it matters: It's an investment in the idea that a non-fungible token brand could be the basis for larger intellectual property plays, such as when toy lines sometimes launch major movie and TV franchises.
O.G. tech giant IBM is launching a counterstrike in the industry's suddenly-hot AI fight with today's announcement of Watsonx.
The big picture: Business-focused IBM claims its latest AI offering, set to launch in July, provides more accurate answers and takes a more responsible approach than rivals.
Logitech has debuted a lounge-like videoconferencing alcove that it says may be the answer to our collective frustrations with awkward video calls.
Why it matters: In our "mixed reality" future, where we're as likely to meet in person as we are on a screen, we'll all crave more verisimilitude and human connection in our video meetings — and comfy new physical spaces could help.
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