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🦙️ Meta Aims to Outdo OpenAI with Next-Gen AI Model
Today: X Prohibits Data Scraping: Risks? | Meta Targets OpenAI's AI Prowess | MS Paint's One-Click Background Fix
Kristoffer Lindström
September 11, 2023
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Happy Monday, September 11th, tech enthusiasts!
As we kick off another week, it's time to catch up on the latest happenings that are shaping the tech landscape. From Apple's crucial security patches to Meta's ambitious AI goals, we've got the top headlines that you can't afford to miss. Let's dive in!
Apple Patches Pegasus-Linked Flaws
X Prohibits Data Scraping: Risks?
Uber Codes TaskRabbit Rival
Instacart IPO Cuts Valuation
Meta Targets OpenAI's AI Prowess
MS Paint's One-Click Background Fix
And more…
READ TIME: 4.1 MINUTES
Tech Companies
Apple has rolled out updates to address two zero-day vulnerabilities linked to the Pegasus malware. These flaws, discovered by Citizen Lab, could compromise iPhones running the latest iOS without user interaction. Apple has since released a patch.
Elon Musk-owned X, formerly known as Twitter, has updated its terms of service to explicitly prohibit data scraping and crawling, effective September 29. The move aims to protect the platform's data from unauthorized AI training.
💡 Why does this matter?
This change could significantly impact tech companies and researchers who rely on social media data for AI training or analytics.
Uber Technologies Inc. is reportedly developing a new service, codenamed "Chore," that would allow users to hire people for various tasks. The information was discovered in hidden code strings within Uber's iPhone app.
💡 Why does this matter?
Uber's potential expansion into the tasking market could diversify its revenue streams and offer new growth avenues. This move could also shake up the gig economy, affecting competitors like TaskRabbit and Angi Inc.
Instacart aims for a valuation between $8.6 billion and $9.3 billion in its upcoming IPO, a significant drop from its $39 billion valuation in 2021. The company plans to start its roadshow as early as Monday.
💡 Why does this matter?
Instacart's lowered valuation signals waning investor enthusiasm for high-growth startups, especially as interest rates rise. The IPO could serve as a bellwether for market sentiment towards tech companies and gig economy platforms.
Despite high demand for cybersecurity products, hundreds of workers in the sector have been laid off in recent months. At least nine companies, including IronNet and Rapid7, have announced significant workforce cuts.
AI Corner
Meta Platforms, the parent company of Facebook and Instagram, is developing a new AI system intended to rival OpenAI's most advanced models. Scheduled for training in early 2024, the new model aims to be several times more powerful than Meta's recently released Llama 2. The system will be open-sourced and is part of a broader effort by CEO Mark Zuckerberg to reassert Meta's presence in the competitive AI landscape.
💡 Why does this matter?
Meta's strategy to open-source its advanced AI models creates a unique competitive dynamic. By making these tools freely available, Meta enables a broader range of companies to develop AI-powered services. This, in turn, could lead to increased advertising revenue for Meta as these companies grow and seek to market their products. The open-source approach aligns well with Meta's long-term business interests.
Omdia's recent forecast predicts the Generative AI market will grow from $6.2 billion in 2023 to $58.5 billion in 2028, a CAGR of 56%. The technology is expected to significantly impact the broader AI software market.
Apps & Gadgets
Microsoft is testing a new one-click background removal feature in Paint, currently available to Windows Insiders in the Canary and Dev Channels.
Summary: Chrome continues to lead the browser market with a 60% share, while Microsoft's Edge lags behind at just 5%, despite its AI features.
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