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📬 OpenAI Enables Crawler Block Option
Today: PayPal and Crypto | OpenAI Internet Crawl Blocker | Apple's Billion-Dollar Deal
Kristoffer Lindström
August 08, 2023
In Partnership with ⬆️
Hey there!
Today is Tuesday, August 8. Well, without wasting any more time, let's jump right into today's most exciting headlines:
PayPal Debuts PYUSD Stablecoin
OpenAI Enables Crawler Block Option
Tesla CFO Kirkhorn Resigns
Apple's Billion-Dollar TSMC Deal
Bing Chat Expands to Third-Party Browsers
Hidden Gems in iOS 17 Unveiled
and more...
READ TIME: 4.5 MINUTES
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Tech Companies
PayPal is launching its own stablecoin, PYUSD, fully backed by U.S. dollar deposits. The stablecoin enables person-to-person payments, transactions at checkouts, and transfers between PayPal and outside wallets. Users can also convert other currencies to and from PYUSD. PYUSD will be rolled out to U.S. customers with PayPal Balance accounts in the coming weeks and on Venmo soon.
In an exclusive arrangement, TSMC only charges Apple for successful 3nm processors despite a current 30% failure rate. This arrangement saves Apple billions and supports TSMC's development of 3nm processors, expected to be sold to other companies once failure rates decrease and capacity increases.
According to an official filing, Zachary Kirkhorn has resigned as CFO of Tesla after a 13-year stint. Kirkhorn will remain till year-end to assist in the transition, with Vaibhav Taneja set to succeed him.
Startup Scene
Cyber insurer Resilience has raised $100 million in a Series D funding round, led by Intact Insurance Specialty Solutions. The insurtech leverages AI to determine risk profiles and plans to use the funds for global expansion and tech investment.
AI-powered industrial asset monitoring company, Tractian, has raised $45 million in a Series B funding round. The investment will expand Tractian's AI capabilities, enable entry into new industrial verticals, and bolster its R&D team.
One Model, an AI-enabled platform assisting employers in HR decisions, has raised $41 million in a funding round led by Riverwood Capital. The funds will be used for technology enhancement, product development, and expanding customer success and market reach.
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AI Corner
OpenAI has introduced an option for website operators to block its GPTBot crawler from scraping their sites for model training. This follows early efforts to create opt-out flags for training exclusion and comes amidst growing concerns over data privacy and consent.
Microsoft has announced the expansion of its AI-powered Bing Chat to third-party browsers and mobile devices. The move is part of Microsoft's strategy to compete with other AI platforms and broaden Bing's accessibility. The Bing Chat, known for its summarized answers and image creation, currently offers superior features and user experience on Microsoft's Edge browser, including extended conversation length and chat history.
Markets & Money
US stocks rose on Monday as stronger-than-expected second-quarter earnings exceeded predictions. Investors anticipate upcoming inflation data and earnings results from key players like Disney, Nvidia, Eli Lilly, and UPS.
Toshiba has announced a $14 billion tender offer led by a fund of major Japanese businesses, initiating steps towards privatization. This move comes amidst attempts to recover from numerous scandals and financial losses.
Adobe's $20 billion takeover of Figma is undergoing an in-depth EU investigation due to concerns about potential global competition harm in design software. Regulators fear this deal could undermine the supply of interactive product design tools.
Insights & Analysis
The Lawrence Livermore National Laboratory in California announced a second achievement in net energy gain from a nuclear fusion reaction, this time with a higher yield. The aim is to develop a machine controlling nuclear fusion reactions, creating energy when nuclei of light atoms combine to form a heavier atom's nucleus.
Apps & Gadgets
Meta's text-based app, Threads, is introducing a new feature allowing users to view their liked posts. Additionally, it provides a media upload quality option for superior image and video uploads and new criteria for sorting followers.
The upcoming iOS 17 is loaded with exciting features, including an option to use your old iPhone password within 72 hours of a change, securely sharing passwords with other iPhone users, interactive widgets, advanced search in Messages, automatic deletion of one-time codes, and Visual Lookup translating laundry symbols and car warning lights. In addition, it offers an improved photo cropping tool and the ability to set up a separate search engine for incognito mode.
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