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Day: August 1, 2023

Day: August 1, 2023

Planet to layoff 10% of staff to focus on “highest ROI opportunities”

Satellite imagery company Planet announced on Tuesday that it is laying off 117 employees, or around 10% of the workforce, as it looks to focus on driving revenue amid an ongoing downturn in the public markets. In a note posted on the company’s blog, CEO Will Marshall said the decision to cut staff came about after “a deep assessment of our business and spending.” “Our business has scaled rapidly and continues to grow apace, but the expansion of projects has also increased cost and complexity, which slowed us down in some regards,” he said. “We are making changes to prioritize

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YouTube star MrBeast sues ghost kitchen behind MrBeast Burger

YouTube mega-success MrBeast is suing Virtual Dining Concepts, the company behind his ghost kitchen food chain, MrBeast Burger, for damaging the MrBeast brand. According to the lawsuit, thousands of fans have sent in negative reviews of MrBeast Burger, many of whom shared photos of burgers and chicken sandwiches with uncooked, inedible meat. MrBeast’s team also claims that Virtual Dining Concepts violated their contract by failing to pay royalties and registering MrBeast Burger trademarks without the YouTuber’s permission. So, MrBeast’s team is suing the ghost kitchen company to get out of the contract and shut down the MrBeast Burger business. The

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NHTSA probes 280,000 new Teslas over loss of steering control

The National Highway Traffic Safety Administration (NHTSA) is investigating 280,000 Tesla vehicles over reports of loss of steering control and power steering. The malfunctioning has frequently been accompanied by driver-facing messages indicating that power steering assist is reduced or disabled, according to the report. The preliminary evaluation into 2023 Model 3 and Model Y vehicles comes after regulators received 12 complaints from owners, according to NHTSA’s investigation. NHTSA has put Tesla under the microscope many times over the years, largely in response to the automaker’s advanced driver assistance systems, Autopilot and Full Self-Driving (FSD). It’s not clear if this investigation

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Curve Finance’s $62M exploit exposes larger issues for DeFi ecosystem

Hackers stole around $62 million from Curve Finance on Sunday, causing a ripple effect throughout the crypto sector and raising questions about the strength of the decentralized finance ecosystem. Curve is one of the largest decentralized exchanges (DEX) in the crypto market today, with about $1.67 billion in total value locked (TVL), according to data on DeFi TVL aggregator DeFiLlama. A handful of DeFi projects’ pools were also hacked, including PEGd’s pETH/ETH: $11 million; Metronome’s msETH/ETH: $3.4 million; Alchemix’s alETH/ETH: $22.6 million; and Curve DAO: around $24.7 million, according to Llama Risk’s post-exploit assessment. A bug found in older versions

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Allo is a new app that aims to help people create positive habits with their finances through mindfulness

Allo, a new financial app that can be described as Headspace for personal finance, is aiming to help users meaningfully engage with their finances without becoming overwhelmed with numbers and spending. The idea behind Allo is to help users create a mindful money practice that allows them to approach their earnings, spending, saving, investing and giving with a sense of fulfillment. Founded in 2021, Allo helps users focus on gratitude and the importance of being aware of not only your numbers, but also your values and priorities when it comes to personal finance. Allo was founded by Will Choi and

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Meta is reportedly preparing to release AI-powered chatbots with different personas

Meta is gearing up to roll out AI-powered chatbots with different personas as early as next month, according to a new report from the Financial Times. The chatbots are designed to have humanlike conversations with users on Meta’s social media platforms, including Facebook and Instagram. The report indicates that these chatbots will take on different personas, including one that advises users on travel plans in the style of a surfer and another that speaks like Abraham Lincoln. The new chatbots could launch as early as next month. Meta reportedly sees the move as a way to boost engagement with its

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In challenge to TikTok, YouTube Shorts gains new creation tools like Collab and Q&As

As competition with TikTok and Instagram Reels heats up, YouTube today announced an expanded suite of creation tools for its own short-form video platform, YouTube Shorts. Among the new features are tools for remixing, adding effects, stickers, going live, and others aimed at encouraging inspiration. The company is also starting a test of a new mobile-first vertical live experience that will help live creators get discovered in the main Shorts feed. Explains YouTube, Shorts are now being watched by over 2 billion logged-in users each month, prompting the release of more tools to improve the Shorts experience for creators. One

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Kickstarter requires generative AI projects to disclose additional info

As generative AI enters the mainstream, crowdfunding platform Kickstarter has struggled to formulate a policy that satisfies parties on all sides of the debate. Most of the generative AI tools used to create art and text today, including Stable Diffusion and ChatGPT, were trained on publicly available images and text from the web. But in many cases, the artists, photographers and writers whose content was scraped for training haven’t been given credit, compensation or a chance to opt out. The groups behind these AI tools argue that they’re protected by fair use doctrine — at least in the U.S. But

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Read-it-later app Pocket to shut down its Mac app on August 15th

Mozilla’s Pocket, a popular read-it-later app that lets you save online articles to read when you have more time, announced today it’s retiring its Mac app, Pocket for Mac. The app will be replaced with the Pocket iOS app for Apple Silicon Macs instead — meaning those models introduced in late 2020 and later. The changes will go into effect on Tuesday, August 15th. After that date, the Mac app will no longer work. Unfortunately for users with older Mac models, that means they’ll no longer have a dedicated native desktop app for Pocket after the current Mac app shuts

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