Tuesday, May 9, 2023

Nintendo expects to sell 15M Nintendo Switch consoles this fiscal year, below analyst estimates of 15.7M; the company sold 18M units in the year to March 2023 (Bloomberg)

Bloomberg:
Nintendo expects to sell 15M Nintendo Switch consoles this fiscal year, below analyst estimates of 15.7M; the company sold 18M units in the year to March 2023  —  Nintendo Co. expects to sell 15 million units of its Switch console this fiscal year, showing the extent of the slowdown for its six-year-old flagship product.



Intel reportedly plans a fresh round of layoffs

The technology sector is experiencing a wave of job cuts and the chip manufacturer Intel is back with a fresh round of layoffs. According to an online report, Intel confirmed the plan to reduce its workforce. https://ift.tt/pYHgNcj

Sunday, May 7, 2023

ChatGPT maker OpenAI's losses swell to $540 million, likely to keep rising

The losses of Microsoft-backed OpenAI, the developer behind highly-successful AI chatbot ChatGPT, reportedly swelled to nearly $540 million last year and are likely to only keep rising. According to The Information, OpenAI's losses doubled as it developed ChatGPT and hired key employees from Google. "The previously unreported figure reflects the steep costs of training its machine-learning models during the period before it started selling access to the chatbot," the report noted. https://ift.tt/YJdpjtD

Siemens, SAP say EU draft Data Act puts trade secrets at risk

German business software maker SAP and German engineering company Siemens have joined US tech giants in criticising draft EU laws on the use of data generated by smart gadgets and other consumer goods. EU countries and EU lawmakers are working on the details of the Data Act, proposed by the European Commission last year before it can be adopted as legislation. https://ift.tt/K6IAXq5

Images of a Texas mall mass shooting go viral on Twitter, fueling criticism of its reduced moderation; Twitter allows some graphic posts like Ukraine war images (Benjamin Mullin/New York Times)

Benjamin Mullin / New York Times:
Images of a Texas mall mass shooting go viral on Twitter, fueling criticism of its reduced moderation; Twitter allows some graphic posts like Ukraine war images  —  Graphic images of the attack went viral on the platform, which has made cuts to its moderation team.



Sources: the US State Department ordered embassies to push back against foreign influence campaigns, as officials worry anti-US views are taking root worldwide (New York Times)

New York Times : Sources: the US State Department ordered embassies to push back against foreign influence campaigns, as officials worry ...