Tech News from Simmons Systems (Page 343)

Tech News from Simmons Systems

South Korea Pardons Samsung Leader Lee Jae-yong, Clearing Path to Formal Control

South Korean President Yoon Suk-yeol grants a special pardon to Samsung's de facto leader Lee Jae-yong, lifting a five-year employment ban tied to his bribery conviction. The move allows the billionaire to officially resume his duties at the tech giant ahead of the country's Liberation Day.

stable diffusion

Open Source Stable Diffusion Challenges DALL-E 2 With Fewer Restrictions

Stability AI prepares to launch Stable Diffusion, an open source alternative to DALL-E 2 that runs on consumer hardware and lacks strict content filters.

CleanRobotics Raises $4.5M for AI-Powered Trash Sorting Bins

CleanRobotics utilizes on-board machine learning to sort waste with 90% accuracy right at the point of disposal. The company recently secures $4.5 million in Series A funding to expand its smart bin fleet globally.

CleanRobotics Raises $4.5M to Deploy AI-Powered Trash Sorting Bins

CleanRobotics secures $4.5 million in Series A funding to scale its TrashBot system, which uses artificial intelligence to sort waste at the point of disposal with 90% accuracy. The smart bins aim to solve consumer confusion and reduce recycling contamination.

BMW and Toyota Join Forces to Develop Hydrogen Fuel Cell Vehicles

BMW and Toyota are partnering to produce hydrogen fuel cell vehicles by 2025, blending Toyota's fuel cell expertise with BMW's flexible vehicle platforms. The collaboration serves as a strategic hedge for both automakers as they navigate the transition to zero-emission transportation.

Apple Introduces Lockdown Mode to Thwart Nation-State Spyware Attacks

Apple releases Lockdown Mode, an extreme security feature in iOS 16 designed to protect high-risk users from invisible zero-click spyware. The feature temporarily disables heavily exploited device functions to drastically reduce the phone's attack surface.

South Korea Pardons Samsung Leader Lee Jae-yong, Clearing Path to Formal Role

South Korean President Yoon Suk-yeol grants a special pardon to Samsung's de facto leader Lee Jae-yong, lifting a five-year employment ban tied to a bribery conviction. The move allows the billionaire to officially guide the tech giant as the company focuses on new investments.

Rivian Posts $1.7 Billion Q2 Loss Amid Supply Chain Headwinds

Rivian confirms a $1.7 billion net loss for the second quarter while raising its full-year loss outlook to $5.4 billion. Despite rising costs and layoffs, the EV maker shows strong demand and significant production growth.

Amazon Turns Controversial Ring Camera Footage Into Syndicated Comedy Show

Amazon and MGM are launching "Ring Nation," a new TV show hosted by Wanda Sykes that repurposes Ring security camera footage into comedy, sparking major privacy concerns.

Google Upgrades Featured Snippets With New AI Model

Google is improving its featured snippets using a new AI system that cross-references answers for accuracy and reduces responses to nonsensical questions.

Iron Batteries Emerge as Cheap Alternative to Lithium for Grid Storage

Startups are turning to iron as a battery material to provide affordable, large-scale energy storage for renewable power grids. This shift aims to avoid the supply chain issues and high costs associated with lithium-ion technology.

Rivian Beats Revenue Expectations Despite Raising Annual Loss Forecast

Rivian reports stronger than expected Q2 revenue and growing vehicle demand, but increases its 2022 loss projection to $5.45 billion due to supply chain issues and inflation.

New Pew Study Confirms Teens Abandon Facebook in Droves

A recent Pew Research Center study reveals that only 32% of U.S. teens use Facebook, a steep drop from 71% nearly a decade ago. Young users now view the platform as a boring utility for older generations rather than an engaging social space.

Rivian Boosts 2022 Loss Forecast to $5.45 Billion Amid Supply Chain Woes

Rivian maintains its target of delivering 25,000 electric vehicles this year despite expecting an extra $700 million in cash burn. The automaker reports rising preorders and a Q2 revenue beat as it navigates inflation and recent layoffs.

Google Deploys New AI Model to Improve Accuracy of Featured Snippets

Google is rolling out an AI update that cross-references featured snippet answers with other top search results to ensure accuracy. The new system also reduces snippets for nonsensical questions by 40 percent.