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👋 OpenAI recruits Instacart CEO to lead applications
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- OpenAI has appointed Instacart CEO Fidji Simo to the new role of CEO of Applications, aiming to accelerate the development of its cutting-edge AI into tangible products.
- Simo, who previously joined OpenAI's board, will now lead the division responsible for deploying innovations, allowing Sam Altman to focus on core AI and safety systems.
- Her significant experience scaling consumer technology at Instacart and Meta supports OpenAI’s strategic push towards more practical, widely used AI-powered solutions.
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👀 Apple doesn’t believe the iPhone will last another decade
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- Apple's Senior Vice President Eddy Cue stated that AI might make the iPhone obsolete within the next ten years, similar to how the iPod was phased out.
- Cue made these comments during the Google Search antitrust remedies trial, explaining that AI could significantly alter the technology sector and create opportunities for new market participants.
- He emphasized that such substantial technological advancements can challenge even dominant firms, recalling Apple's strategic decision to discontinue the successful iPod due to evolving technology.
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⚙️ Trump admin to roll back Biden’s AI chip restrictions
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- The Trump administration has revealed intentions to rescind and replace a Biden-era rule that regulated the worldwide export of high-end artificial intelligence accelerator chips.
- Officials from the Commerce Department found the prior framework overly complex, asserting it would stymie US innovation, and pledged a simpler replacement to ensure American AI dominance.
- The original Biden administration regulation, issued in January, focused on restricting China's access to technology for military enhancement, and news of this policy shift promptly affected markets.
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🤖 Figma's big AI update takes on Adobe, WordPress, and Canva
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- Figma is expanding its platform with new tools, including Figma Sites for website building, aiming to reduce reliance on services like WordPress for project completion.
- The company introduced an AI coding assistant, Figma Make, and a marketing design application, Figma Buzz, to streamline content creation, directly competing with platforms like Canva.
- Finally, Figma Draw provides vector illustration features, similar to Adobe Illustrator, enabling creatives to design custom graphics without leaving the Figma ecosystem, increasing direct competition.
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🕶️ Meta's new AI glasses could have a super-sensing mode with facial recognition
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- Meta is developing "super-sensing" vision software for its smart eyewear, which reportedly includes the capability to recognize individuals by name using facial identification technology.
- This advanced AI system, activated by voice, could eventually provide helpful reminders by constantly monitoring your environment and actions through always-active cameras and sensors.
- While current trials of the live AI drastically reduce battery duration to only 30 minutes, Meta intends for its forthcoming glasses to operate the software for hours.
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💰 Stripe unveils an AI foundation model for payments
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- Stripe introduced an innovative artificial intelligence foundation model for financial transactions, trained on tens of billions of data points to detect subtle payment signals effectively.
- This new system significantly improves fraud detection, reportedly increasing the identification rate for card testing attacks on large enterprises by 64% almost immediately.
- Beyond the AI payment model, the company also revealed plans for stablecoin-backed accounts and a new Orchestration product to manage multiple payment providers.
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