Author: Press Room
A video of an AI version of David Attenborough narrating a programmer’s life went viral on X.Attenborough told Business Insider he found the video “personally distressing.”The filmmaker said he’s concerned an AI version of him could be used to deceive others. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app On Wednesday, a programmer named Charlie Holtz shared a video on X that showcased an AI-generated version of David Attenborough narrating Holtz’s life. The narration appeared to be done autonomously and in real-time, in the filmmaker’s…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The co-founder and chief executive of General Motors-owned Cruise has resigned, weeks after the self-driving car company paused driverless operations and California regulators barred its vehicles from the state’s streets.Cruise said on Sunday that its board had accepted the resignation of Kyle Vogt and the company was working to “strengthen public trust” in the context of heightened concerns about the safety of its cars.Vogt’s resignation marks the latest setback for the company, coming weeks after California’s Department of Motor Vehicles revoked permits for Cruise to…
© Reuters. A view of a Foxtron logo on a electric vehicle on display during the company’s annual Tech Day in Taipei, Taiwan, October 18, 2022. REUTERS/Ann Wang/File Photo TAIPEI (Reuters) – Shares of Foxtron Vehicle Technologies, a unit of iPhone supplier Foxconn, fell as much as 9% in their market debut on Monday, hurt concerns over potential headwinds in the highly competitive electric vehicle market. In addition to inflation and high interest rates which have raised the cost of buying a car, EV makers are also grappling with supply-chain bottlenecks and pricing pressure from the likes of Tesla (NASDAQ:),…
© Reuters. Unicommerce, an e-commerce management software subsidiary of Snapdeal, is laying the groundwork for an initial public offering (IPO) slated for late 2024. Investment banking firm CLSA is set to manage the book-building process. The company has recently reported a significant fiscal revenue of $900 million, alongside substantial transaction volumes. This announcement follows close on the heels of the company’s reveal on November 7 that it is exploring funding options and preparing for a potential IPO. The SaaS platform, known for its utilization of artificial intelligence to provide customer behavior insights and optimize inventory management, has been profitable for…
Michael Vi/iStock Editorial via Getty Images Kyle Vogt resigned as chief executive officer of General Motor’s (NYSE:GM) Cruise self-driving company less than a month after the company said it would pause operations of its autonomous vehicles (AVs) entirely. Vogt announced his decision in a post on X on Sunday night. Vogt’s decision to leave the self-driving car company comes after Cruise last month said it would pause operations of its autonomous vehicles (AVs) in San Francisco,after California suspended its deployment and driverless testing permits. “Cruise is still just getting started, and I believe it has a great future ahead,” Vogt…
© Reuters. Investing.com– Most Asian currencies firmed sharply on Monday, tracking extended declines in the dollar amid increasing bets that the Federal Reserve was done raising interest rates, while promises of more Chinese stimulus measures also aided sentiment. The surged 0.5% to its strongest level against the dollar since early-August. The biggest point of support for the yuan was a substantially stronger-than-expected daily midpoint fix by the People’s Bank of China. The PBOC held its benchmark near record lows on Monday, while also injecting about 80 billion yuan of liquidity into the economy. Separately, Chinese officials vowed more policy support…
Not long after Rosalynn Carter, the former first lady, died on Sunday, politicians from both sides of the aisle commended her work in that public role and the strides she made for women’s rights, mental health and many other causes.The Carter Center in Atlanta announced her death, calling her “a passionate champion of mental health, caregiving, and women’s rights.” The center disclosed in May that Mrs. Carter had dementia and on Friday that she had entered hospice care at home.Like many first ladies, Mrs. Carter used her prominent position to champion a cause: the treatment of mental illness. She was…
Russian jamming is a major source of frustration for Ukraine as it impacts comms and weapons.As a countermeasure, Ukraine has taken several steps to develop new warfare tech.This summer, the country hosted a hackathon to seek out technology that can fight Iranian-made drones. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app To combat Russia’s increasing supply of Iranian-made suicide drones that have wreaked havoc on cities in Ukraine, the Ukrainian government devised a plan: Host a hackathon.The competition, which took place in June, offered…
CEO of Australia’s Optus steps down following massive network outage
MUMBAI – The Reserve Bank of India (RBI) has implemented new regulations aimed at controlling the surge in consumer credit usage and bank lending to Non-Banking Financial Companies (NBFCs). In a move to mitigate risks stemming from rapid credit growth, the central bank has adjusted risk weights, which could lead to more stringent lending standards. Under the new guidelines, risk weights for non-housing, education, vehicle, and gold loan consumer credits have been increased by 25 percentage points to a new level of 125%. Additionally, banks’ credit card receivables will now carry a higher risk weight of 150%, while exposures to…