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Is Meta a shield against scrutiny for Zuckerberg? | ticker VIEWS

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Is Facebook’s rebrand just a strategic move to create a portfolio of CEO’s that allow the founder to move into a space that is removed from scandal and scrutiny?

MAT COLE ON

Facebook has officially announced that it will change its name to meta, signalling a new era for the social media giant.

The name change follows months of scrutiny and growing public distrust around the social media giant.

The shift will see a new focus on becoming a computing platform specialising in virtual reality and the metaverse.

Chief Executive and Founder Mark Zuckerberg says the metaverse is the next frontier and from now on the company will be metaverse first, not Facebook first.

But Facebook is under fire – so is Zuck looking to play the blame game?

Mat Cole from ACT media ventures this sort of re architecture of their portfolio, allows the appointment of CEOs for WhatsApp, CEO for Facebook and a CEO for Instagram, but Zuck will always controls the company

META

“Expect a new Facebook CEO, who will be the one facing the senate enquiries, while the founder and actual leader of Facebook will be of wearing Facebook glasses on morning television”

COLE SAID.

“Mark Zuckerberg as a founder, can now move away and create a shield from all the bad press that they’re getting.”

But behind the speeches, feel good stories about Facebook’s growth and ultimately – a rebrand, what will change?

Cole says the data policies across all of their business will not change and has not changed.

“By allowing him to pull in CEOs, what it does is every time that there is a controversy, and Facebook has a an amazing history of 10 years, you no longer have consistent controversies,” he told ticker.

META

“Instead of turning up and sitting in front of Congress and be grilled, he can say no, not me. Go and speak to the CEO of Facebook, or go and speak to the CEO of WhatsApp, or go and speak to the CEO of Instagram.”

Are people all going to flock to this idea of virtual reality?

META

“We’re not all going to buy VR goggles and jump into work. Like that’s that’s just not going to happen,” Cole says.

“Facebook’s users are an older group, which have a less likelihood of being able to jump in and buy virtual reality headsets. They’re just not going to do that.”

Cole says the Metaverse is part of a broader conversation, “a disconnected, interoperable, landscape of technology.”

“So I can take my avatar from work, play, to dating, and all of that can happen in the metaverse. It doesn’t happen in these, centralised environments. And that’s what Facebook talking about.”

“So it’s quite wrong in terms of what the metaverse is. So I think, it doesn’t always have to be in VR goggles, which is a lot of what Facebook is, is talking about adoption being predicated upon.”

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Airbus A320 fleet faces software upgrade due to risk

Airbus alerts A320 operators to urgent software fix after JetBlue incident raises safety concerns

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Airbus alerts A320 operators to urgent software fix after JetBlue incident raises safety concerns

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In Short:
– Airbus warns over half of A320 fleet needs software fixes due to potential data corruption risks.
– Affected airlines must complete upgrades before next flights, with operational disruptions anticipated during a busy travel season.

Airbus has issued a warning regarding its A320 fleet, indicating that over half of the active jets will require a software fix.

It follows a recent incident involving a JetBlue Airways aircraft, where “intense solar radiation” was found to potentially corrupt data crucial for flight control system operation.

The European plane manufacturer stated that around 6,500 jets may be affected. A regulation mandates that the software upgrade must occur before the next scheduled flight.

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Operational disruptions for both passengers and airlines are anticipated. The issue arose from an incident on October 30, where a JetBlue flight experienced a computer malfunction that resulted in an uncommanded descent. Fortunately, no injuries occurred, but the malfunction of an automated computer system was identified as a contributing factor.

Airlines, including American Airlines Group, have begun to implement the required upgrades.

The majority of affected jets can receive an uncomplicated software update, although around 1,000 older models will necessitate an actual hardware upgrade, requiring grounding during maintenance.

Hungarian airline Wizz Air has also initiated necessary maintenance for compliance, potentially affecting flights. This announcement has surfaced during a busy travel season in the US, with many facing delays due to other factors as well.

Regulatory Response

The European Union Aviation Safety Agency has mandated that A320 operators replace or modify specific elevator-aileron computers. The directive follows the JetBlue incident, where a malfunction led to a temporary loss of altitude.

Airbus’s fix applies to both the A320 and A320neo models, representing a vital response in ensuring aircraft safety.


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China blocks ByteDance from using Nvidia chips in new data centres

China blocks ByteDance from using Nvidia chips, tightening tech control and pushing for domestic AI innovation amid U.S. restrictions.

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China blocks ByteDance from using Nvidia chips, tightening tech control and pushing for domestic AI innovation amid U.S. restrictions.


Chinese regulators have moved to block ByteDance from deploying Nvidia chips in newly built data centres, tightening control over foreign technology used by major Chinese tech giants. The decision comes after ByteDance made substantial purchases of Nvidia hardware amid fears of shrinking supply from the United States.

Washington has already restricted the sale of advanced chips to China, allowing only weakened versions into the market. Beijing’s latest move reflects its push to reduce dependence on U.S. technology and accelerate home-grown AI innovation.

The ban places operational and financial pressure on ByteDance, which must now work around a growing pile of Nvidia chips it is no longer allowed to use. Domestic suppliers like Huawei are expected to step in as China intensifies its pursuit of tech self-reliance.
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OpenAI launches shopping research tool for ChatGPT users

OpenAI launches shopping research tool to enhance e-commerce experience ahead of holiday season spending boost

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OpenAI launches shopping research tool to enhance e-commerce experience ahead of holiday season spending boost

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In Short:
– OpenAI’s “shopping research” tool helps users find detailed shopping guides tailored to their preferences.
– Users can access Instant Checkout for purchases while ensuring user chats are not shared with retailers.
OpenAI has launched a new tool called “shopping research,” coinciding with an increase in consumer spending ahead of the holiday season.This tool is aimed at ChatGPT users seeking comprehensive shopping guides that detail top products, key differences, and the latest retailer information.

Users can customise their guides based on budget, features, and recipients. OpenAI notes that while the tool takes a few minutes to generate responses, users can still use ChatGPT for quicker queries like price checks.

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When users ask specific prompts, such as finding a quiet cordless stick vacuum or a gift for a niece who loves art, the shopping research tool will appear automatically. It can also be accessed via the menu.

Shopping Research

OpenAI has been expanding its e-commerce capabilities, with the introduction of the Instant Checkout feature in September, enabling purchases directly through ChatGPT.

Soon, users of the shopping research tool will also be able to use Instant Checkout for making purchases.

OpenAI assures that shopping research results are derived from publicly available retail websites and will not disclose user chats to retailers, although it does warn that inaccuracies may occur in product availability and pricing.

Shopping research is now available to OpenAI’s Free, Go, Plus, and Pro users logged into ChatGPT.


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