Shameless Plug

Walmart To Roll Out New Prepaid Phone Service From Boost Founder Published on September 27, 2023 at 02:51AM Walmart is expanding its offerings of prepaid phone plans with MobileX, a wireless service launched earlier this year by Boost cofounder Peter Adderton. Walmart will be MobileX's first and exclusive retail partner, the companies said in an announcement Tuesday. From a report: MobileX, which uses Verizon's network through a wholesale agreement, will be available on Walmart's website and in stores starting Tuesday, the companies said. It will offer unlimited pay-as-you go plans starting at $14.88 per month, and a lower-cost plan with customizable offerings starting at $4.08 a month. An artificial intelligence-powered guide that can anticipate a customer's data needs can customize plans tailored to their usage, the company said in a statement. [...] Walmart gives MobileX, which launched online in February, more visibility as a low-cost alternative to more expensive...

Windows 11's Next Big Update Now Available With Copilot, AI-powered Paint Published on September 27, 2023 at 02:10AM Microsoft is releasing one of its biggest updates to Windows 11 today. It includes access to the new Windows Copilot, AI-powered updates to Paint, Snipping Tool, and Photos, RGB lighting support, a modernized File Explorer, and much more. From a report: Windows Copilot is the big new feature for this Windows 11 update, bringing the same Bing Chat feature straight to the Windows 11 desktop. It appears as a sidebar in Windows 11, allowing you to control settings on a PC, launch apps, or simply answer queries. Microsoft is integrating Copilot into many parts of Windows, too. Copilot will essentially exist as an AI-powered digital assistant, much like Microsoft's vision for Cortana. While Microsoft shut down the Cortana app inside Windows 11 last month, Copilot looks like it's very much Microsoft's big push into AI. Microsoft is also adding AI-powered featu...

Microsoft is Trying To Lessen Its Addiction To OpenAI as AI Costs Soar Published on September 27, 2023 at 01:31AM Microsoft's push to put artificial intelligence into its software has hinged almost entirely on OpenAI, the startup Microsoft funded in exchange for the right to use its cutting-edge technology. But as the costs of running advanced AI models rise, Microsoft researchers and product teams are working on a plan B. The Information: In recent weeks, Peter Lee, who oversees Microsoft's 1,500 researchers, directed many of them to develop conversational AI that may not perform as well as OpenAI's but that is smaller in size and costs far less to operate, according to a current employee and another person who recently left the company. Microsoft's product teams are already working on incorporating some of that Microsoft-made AI software, powered by large language models, in existing products, such as a chatbot within Bing search that is similar to OpenAI's Chat...

OpenAI Seeks New Valuation of Up To $90 Billion in Sale of Existing Shares Published on September 27, 2023 at 12:55AM OpenAI is talking to investors about a possible share sale that would value the artificial-intelligence startup behind ChatGPT at between $80 billion to $90 billion, almost triple its level earlier this year, WSJ reported Tuesday, citing people familiar with the discussions. From the report: The startup, which is 49% owned by Microsoft, has told investors that it expects to reach $1 billion in revenue this year and generate many billions more in 2024. OpenAI generates revenue mainly by charging individuals for access to a powerful version of ChatGPT and licensing the large language models behind that AI bot to businesses. Read more of this story at Slashdot.

Private Equity Is Piling Debt on Itself Like Never Before Published on September 27, 2023 at 12:50AM Private equity firms have been increasingly adding another layer of debt to their complex borrowing arrangements, raising concern among some investors about potential risks to the wider industry and the financial system. Bloomberg: Hit by a drought of deals and dwindling cash, some buyout firms are starting to resort to backroom financing to help meet fund commitments or enable succession planning. The loans -- backed by assets including the promise of future income -- carry interest of as much as 19%, a rate that's more akin to the charges faced by consumers rather than corporate borrowing. Even a junk-rated company in the US paid 10% on a bond recently. Those high costs aren't deterring private equity firms and experts say demand is at an all-time high. While some of the biggest lenders -- such as Carlyle Group -- say these debts are relatively safe, others are already start...

Apple Defends Google Search Deal in Court: 'There Wasn't a Valid Alternative' Published on September 27, 2023 at 12:12AM An anonymous reader shares a report: Eddy Cue, in a dark suit, peered down at the monitor in front of him. The screens in the Washington, DC, courtroom had briefly malfunctioned and left witnesses with only binders, but now the tech was up and running -- showing an image of three iPhones, each demonstrating a part of the phone's setup process. Cue squinted down at the screen. "The resolution on this is terrible," he said. "You should get a Mac." That got some laughs in an otherwise staid and quiet courtroom. Judge Amit Mehta, presiding over the case, leaned into his microphone and responded, "If Apple would like to make a donation..." That got even bigger laughs. Then everybody got back down to business. Cue was on the stand as a witness in US v. Google, the landmark antitrust trial over Google's search business. Cu...

Tesla Bot Can Now Sort Objects Autonomously Published on September 26, 2023 at 03:30AM The official Tesla Optimus account shared an update video showing the progress its humanoid robot has made since it was announced in August 2021. In a video that looks like CGI, you can see Optimus sorting blocks and performing some yoga poses, among other things. Interesting Engineering reports: The video begins with the Tesla Bot aka the Optimus robot performing a self-calibration routine, which is essential for adapting to new environments. It then shows how TeslaBot can use its vision and joint position sensors to accurately locate its limbs in space, without relying on any external feedback. This enables TeslaBot to interact with objects and perform tasks with precision and dexterity. One of the tasks that Optimus demonstrates is sorting blue and green blocks into matching trays. Tesla Optimus can grasp each block with ease and sort them at a human-like speed. It can also handle dynamic change...