Tech
Tech titans prove that streamlined is the way to go
Technology giants Meta and Amazon are embracing a more mature approach, focusing on optimizing operations and delivering value to shareholders.
Their recent fourth-quarter earnings reports have not only exceeded revenue expectations but have also underscored their ability to achieve more with less, a strategy that has captivated investors.
One significant change in strategy is the recognition that investors often prioritize cash above all else.
Traditionally, the tech industry has been inclined to reinvest surplus cash into ambitious growth initiatives, such as expanding their workforce and exploring innovative ventures.
Facebook-owner Meta to share more political ad targeting data …
Meta profits
However, after a year marked by substantial layoffs and a commitment to capital preservation, Meta has announced its inaugural move towards quarterly dividends, starting at 50 cents per share, along with the authorization of a $50 billion stock repurchase program.
Daniel Flax, an analyst at Neuberger Berman, highlighted the significance of these companies’ adaptability.
He noted that they are not only continuing to invest in future prospects and offensive strategies but are also prudently managing expenses in the current challenging environment.
Cash to shareholders
While Amazon is not as aggressively returning cash to shareholders as Meta, the conversation around capital returns is gaining momentum.
In 2022, Amazon initiated a $10 billion buyback program, and during the recent earnings call, there were inquiries regarding additional capital return plans.
Tech industry giants have entered a new phase after years of unrestrained growth.
They are still actively seeking top technical talent, particularly in fields like artificial intelligence.
However, the pace of workforce expansion is now more measured, with some areas scaling back to enable growth in others.
Tech
OpenAI limits deepfakes after Bryan Cranston’s concerns
OpenAI protects against deepfakes on Sora 2 after Bryan Cranston and SAG-AFTRA raise concerns over unauthorized AI-generated content
OpenAI protects against deepfakes on Sora 2 after Bryan Cranston and SAG-AFTRA raise concerns over unauthorised AI-generated content
– OpenAI partners with Bryan Cranston and unions to combat deepfakes on its Sora app.
– The app now includes options for people to control their likenesses and voices.
The partnership aims to enhance protections against unauthorized AI content. The Creative Artists Agency and United Talent Agency had previously criticized OpenAI, citing risks to their clients’ intellectual property.
Last week, OpenAI blocked disrespectful videos of Martin Luther King Jr. at the request of his estate, following similar pressures. Zelda Williams also requested the public refrain from sending her AI-generated clips of her late father, Robin Williams.
Policy Changes
Following tensions post-launch, CEO Sam Altman revised Sora’s policy to give rights holders greater control of their likenesses.
The app now allows individuals to opt-out, reflecting OpenAI’s commitment to respond quickly to concerns from performers.
OpenAI backs the NO FAKES Act, supporting legislation that aims to protect individuals from unauthorized AI-generated representations.
OpenAI is focused on ensuring performers’ rights are respected regarding the misuse of their voices and likenesses. Altman reiterated the company’s dedication to these protections.
Tech
Major apps down as AWS experiences global outage
AWS outage disrupts Fortnite, Snapchat and multiple services globally
AWS outage disrupts Fortnite, Snapchat and multiple services globally
– AWS outage on Monday disrupted major apps like Fortnite, Snapchat, and affected several global companies.
– UK companies including Lloyds Bank and Vodafone reported issues due to the AWS outage.
Amazon’s AWS experienced a significant outage on Monday, impacting major apps including Fortnite and Snapchat. The disruption affected connectivity for numerous companies globally.AWS reported increased error rates and latencies across multiple services and is attempting to recover quickly.
The outage marks the first significant internet disruption since a previous incident last year that impacted essential technology systems globally. AWS offers on-demand computing and storage services and is vital for many websites and platforms.
Multiple companies reported disruptions, including AI startup Perplexity, cryptocurrency exchange Coinbase, and trading app Robinhood. Perplexity’s CEO confirmed on X that the outages were linked to AWS issues.
Amazon’s shopping site, Prime Video, and Alexa services also faced difficulties, according to Downdetector. Other affected platforms included popular gaming applications like Clash Royale and financial services such as Venmo and Chime.
Uber competitor Lyft’s app was reported down for numerous users in the U.S. Messaging platform Signal also acknowledged connection problems stemming from the AWS outage.
British Companies
In the UK, Lloyds Bank, Bank of Scotland, and telecom services provider Vodafone were notably affected. The HMRC’s website also encountered issues during this outage.
Elon Musk stated that his platform, X, remained operational despite the widespread disruptions.
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