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Hi there, this is your daily ☕️ Techpresso.
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In today's Techpresso:
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📉 Amazon announces largest layoffs in company history 📑 Elon Musk launches Grokipedia 🤝 OpenAI completes its for-profit recapitalization 💸 PayPal becomes the first payment wallet in ChatGPT ⚛️ Google revives nuclear plant to power its AI 🎁 + 14 other news you might like 🔮 + 6 handpicked research papers and tools
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📉 Amazon announces largest layoffs in company history
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- Amazon is cutting 30,000 corporate jobs starting this week, the largest layoff in its history and a reduction affecting nine percent of its 350,000 global office-based employees.
- The layoffs coincide with the company’s aggressive revamp of its business using artificial intelligence, which CEO Andy Jassy believes will bring efficiency gains and reduce the corporate workforce.
- The reductions could reach multiple departments including the People Experience and Technology group, services, and operations, with some managers already trained on how to brief employees.
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📑 Elon Musk launches Grokipedia
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- Elon Musk has launched Grokipedia, an online encyclopedia with a basic design resembling Wikipedia, featuring a large search bar and simple entries with headings, subheadings, and citations.
- Some articles on the site appear to be copied nearly word-for-word from Wikipedia, including a message that states the content is "adapted from Wikipedia" under a Creative Commons license.
- Grokipedia's entry on climate change questions the "unanimous scientific consensus" and suggests media organizations contribute to "heightened public alarm," a significant departure from Wikipedia's article on the same topic.
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🤝 OpenAI completes its for-profit recapitalization
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- OpenAI completed its recapitalization by creating a for-profit corporation named OpenAI Group, which is legally controlled by the non-profit OpenAI Foundation that will appoint the company's new board.
- The new ownership structure gives the OpenAI Foundation a 26% stake, Microsoft will hold a 27% share, and the remaining 47% is reserved for investors and employees.
- This deal also extends Microsoft’s IP rights to OpenAI models through 2032 and requires expert verification if the lab ever claims to have achieved artificial general intelligence.
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💸 PayPal becomes the first payment wallet in ChatGPT
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- PayPal signed a deal with OpenAI to embed its digital wallet into ChatGPT, which will allow people to purchase items found through the artificial intelligence tool next year.
- This agreement adds a 'Buy with PayPal button' for a secure checkout experience, letting shoppers pay with linked bank accounts, credit cards, or stored balances and get package tracking.
- For sellers, the fintech firm will manage payment validation and merchant routing, meaning individual businesses can have their inventory listed without signing up directly on the AI platform.
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⚛️ Google revives nuclear plant to power its AI
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- Google and NextEra Energy are reviving Iowa's Duane Arnold Energy Center, a closed nuclear plant that will supply carbon-free electricity for the tech giant's expanding cloud and AI infrastructure.
- The 615-MW site, shut down in 2020, could begin operating by early 2029 and is intended to provide a 24/7 power source while also strengthening local grid reliability.
- This project reflects an industry trend where companies like Microsoft and Oracle are exploring nuclear options to address the surging energy consumption demanded by power-hungry data centers.
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Other
news & articles you might like
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Nvidia takes $1 billion stake in Nokia
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OpenAI says over a million people talk to ChatGPT about suicide weekly
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Society will accept a death caused by a robotaxi, Waymo co-CEO says
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AMD, Department of Energy announce $1 billion AI supercomputer partnership
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Anthropic rolls out Claude AI for finance, integrates with Excel to rival Microsoft Copilot
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Chegg slashes 45% of workforce, blames 'new realities of AI'
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AI-powered search engines rely on “less popular” sources, researchers find
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‘There isn’t really another choice:’ Signal chief explains why the encrypted messenger relies on AWS
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AT&T ad congratulating itself for its ethics violated an ad-industry rule
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OpenAI says U.S. needs more power to stay ahead of China in AI: 'Electrons are the new oil'
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CEO of Alphabet’s X, Astro Teller, on what makes a moonshot
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Sam Altman Funding Biomedical Startup to Read Human Brain Using Sound Waves
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Chinese start-up MiniMax launches record-breaking AI model
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Adobe launches AI assistants for Express and Photoshop
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Trending
research and tools
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Bash Screensavers: a collection of screensavers that displays animated ASCII art in the command line terminal.
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Sick: a storage approach for JSON-like data that allows accessing specific information from large files without having to read or parse the entire structure, improving efficiency and reducing memory usage.
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Microsoft AI Call Center Stack: an AI system that automates business communications by handling inbound and outbound phone calls, integrating SMS messages, and remembering past conversations to provide personalized support.
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Reduced AI Acceptance After the Generative AI Boom: Evidence of Two-Wave Survey: a two-part survey shows that public acceptance of AI decreased after the recent boom in generative AI technologies.
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Stop DDoS Attacking the Research Community with AI-Generated Survey Papers: the paper argues that the large number of AI-generated survey papers is overwhelming the research community in a way similar to a DDoS attack.
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Extreme-temperature single-particle heat engine: this paper details a heat engine made from a single particle that can function at extreme temperatures.
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