Meta succumbs to EU pressure, will seek user consent for targeted ads

Aug02
by on August 2, 2023 at 3:12 pm
Posted In: Uncategorized


Meta operates a highly targeted advertising model based on the swathes of personal data you share on its platforms, and it makes tens of billions of dollars off it each year.  While these tactics are unlikely to end altogether in the near future, the company could soon offer users in the EU the chance to “opt-in” to the ads, the Wall Street Journal reports.  Since April, Meta has offered users in Europe the chance to opt out from personalised ads but only if they complete a lengthy form on its help pages. That process has likely limited the number of…

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UK chipmaker Arm targets $60B-plus valuation for September IPO

Aug02
by on August 2, 2023 at 10:44 am
Posted In: Uncategorized


British chip maker Arm is targeting an initial public offering (IPO) at a valuation of between $60bn and $70bn as early as September, amid surging demand for semiconductors for cloud computing, AI, and EV applications.   The roadshow is scheduled to start the first week of September with pricing for the IPO the following week, Bloomberg reports, citing people familiar with the matter. A roadshow in this context is a series of lead-up events that give a company the chance to showcase its value proposition, wow potential investors, and ultimately, increase their buy-in.    Arm looks to raise as much as $10bn…

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UK’s first drone delivery service launches in remote Scottish islands

Aug01
by on August 1, 2023 at 11:02 am
Posted In: Uncategorized


Remote communities off the Scottish coast are now the first people in the UK to have their mail delivered by drone.  Royal Mail and London-based Skyports Drone Services launched the project to make it easier for residents of Orkney, located off the north coast of Scotland, to receive their mail without delays.  The drones will carry mail from Stromness to the remote islands of Graemsay and Hoy where postal staff will complete their usual delivery routes.  While the service will initially operate for three months, the partners intend to continue it on a permanent basis. This is possible under existing…

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World’s tallest wooden wind turbine is ‘stronger than steel’

Jul31
by on July 31, 2023 at 12:12 pm
Posted In: Uncategorized


There’s a wind turbine being built in the forests of Sweden — or should I say from the forests. Budding startup Modvion, based in the Scandinavian country, is currently building the world’s tallest wooden wind turbine, and it’s on track for completion this year.  The tower will stand 105 metres and is being built for local energy utility Varberg Energi for its wind power site near the town of Skara.   A 2-megawatt turbine made by Danish wind giant Vestas will be mounted atop the wooden tower. Once the rig gets up and running it could power around 500 homes. The…

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Generative AI could undermine upcoming elections in US and India, startup warns

Jul28
by on July 28, 2023 at 4:17 pm
Posted In: Insider


AI image generators could undermine upcoming elections in the world’s biggest democracies, according to new research Logically, a British fact-checking startup, investigated AI’s capacity to produce fake images about elections in India, the US, and the UK. Each of these countries will soon go to the ballot box. The company tested three popular generative AI systems: Midjourney, DALL-E 2, and Stable Diffusion. All of them have content moderation of some form, but the parameters are unclear. Logically explored how these platforms could support disinformation campaigns. This included testing narratives around a “stolen election” in the US, migrants “flooding” into the…

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