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Investigation launched after Boeing MAX drops 'within 400ft' of ocean
Sky News· 2024-06-17 13:02
The Federal Aviation Administration is investigating after a Southwest Airlines flight came within 400ft of the ocean following an aborted landing attempt. The Boeing 737 MAX 8 plunged at a maximum descent rate of about 4,400ft per minute off the coast of Hawaii before climbing back up to safety on 11 April. The plane had been flying between cities from Honolulu to Lihue airport in Kauai, but bad weather conditions prompted pilots to bypass a landing attempt.During the go-around - when a plane flies back up ...
Controversial Microsoft AI screenshot feature delayed over security concerns
Sky News· 2024-06-14 12:11
Microsoft won't be releasing its controversial AI Recall feature with the rest of its updates next week.The feature that takes screenshots of users' laptops every few seconds was being investigated by the Information Commissioners' Office over security concerns. In a blogpost on Thursday, Microsoft said Recall won't be "broadly available" from 18 June on Copilot+ PCs but instead, will be released to its testing group Windows Insider Programme "in the coming weeks"."This decision is rooted in our commitment ...
Elon Musk's huge pay package approved by Tesla shareholders - along with move to Texas
Sky News· 2024-06-14 09:26
Tesla shareholders have approved Elon Musk's multi-billion-dollar pay package.The package is now worth $44bn (£34bn). The package was once as much as $56bn (£44bn) but has declined in value in tandem with Tesla's stock. The proposal passed despite opposition from some large institutional investors and proxy firms.Onstage at the annual shareholder meeting in Austin, Texas, the billionaire described himself as "pathologically optimistic"."If I wasn't optimistic this wouldn't exist, this factory wouldn't exist ...
Tesla shareholders approve Elon Musk's $56bn pay package
Sky News· 2024-06-14 03:03
Tesla shareholders have approved Elon Musk's $56bn (£44bn) pay package.The proposal passed despite opposition from some large institutional investors and proxy firms. Onstage at the annual shareholder meeting in Austin, Texas, the billionaire described himself as "pathologically optimistic"."If I wasn't optimistic this wouldn't exist, this factory wouldn't exist," Musk said to resounding applause."But I do deliver in the end. That's the important thing." The approval does not, however, resolve a lawsuit on ...
Musk cheers 'wide margin' of support for record $56bn Tesla pay package
Sky News· 2024-06-13 08:10
Elon Musk has claimed a "wide margin" of support among Tesla shareholders for a $56bn pay package due to him but which was blocked by a court.A new shareholder vote was ordered after a judge in Delaware ruled in January that the 2018 awards had effectively been controlled by the billionaire, as the board had close personal and financial ties to Tesla's founder and chief executive. The $56bn (£43.4bn) figure - the highest award ever seen in corporate America - does not consist of salary or bonus pots.Money l ...
Twin setbacks for Elon Musk over Open AI and Tesla investor suits
Sky News· 2024-06-12 09:35
Elon Musk has moved to drop a lawsuit he filed against ChatGPT maker Open AI and learned he is facing a fresh investor claim relating to his sale of Tesla shares.The tech billionaire, who had launched his complaint early this year, looked to drop the action just 24 hours before a San Francisco judge was to hear a bid by Open AI to have the case thrown out. He had accused the firm, which he co-founded, and its chief executive Sam Altman of abandoning its original mission of developing artificial intelligence ...
Apple to integrate AI into new phones as Elon Musk threatens ban over security fears
Sky News· 2024-06-11 03:21
Core Viewpoint - Apple is integrating artificial intelligence into its devices, introducing features like text and image generation and an enhanced Siri voice assistant, amidst security concerns raised by Elon Musk regarding user data privacy [1][4][5]. Group 1: Apple’s AI Integration - Apple announced the introduction of a new AI system called Apple Intelligence during its annual developer conference, which includes features such as text and image generation and an improved Siri [1][5]. - The new AI system will utilize ChatGPT, allowing for advanced functionalities and potentially reaching millions of users [5]. - Apple claims that the AI features will prioritize user privacy, with most processes occurring on-device and external computing handled through a method called private cloud compute [4][5]. Group 2: Elon Musk's Response - Elon Musk has threatened to ban iPhones from his companies, citing security violations related to the integration of OpenAI's technology into Apple devices [3][4]. - Musk accused Apple of potentially sharing user data with OpenAI, although he provided no evidence for this claim [3][4]. - Musk's relationship with OpenAI is contentious, as he was a founder but has since criticized the company for not adhering to its original principles [2][3]. Group 3: Industry Context - The announcement comes as Apple faces slowing global sales and has recently been surpassed by Nvidia as the second most valuable company in the world [5]. - Other tech giants like Microsoft and Google have made significant advancements in AI, prompting Apple to re-enter the competitive landscape with its new offerings [5]. - Apple CEO Tim Cook emphasized that the new AI features would become "indispensable" in the company's products in the future [5].
Alleged inspiration for Baby Reindeer stalker sues Netflix for £133m
Sky News· 2024-06-07 02:30
The woman alleged to be the inspiration for the stalker in hit Netflix series Baby Reindeer is suing the streaming platform for $170m (£133m).The show is said to be based on the real-life experiences of writer Richard Gadd, who plays himself as he copes with stalker Martha Scott. Fiona Harvey, 58, claims she is the inspiration for Martha, who begins stalking Gadd after he serves her a free cup of tea in the pub where he works.In the lawsuit, Ms Harvey has accused Netflix of spreading "brutal lies", includin ...
UK entrepreneur cleared by US jury of all charges over £8.3bn sale of Autonomy to HP
Sky News· 2024-06-06 20:28
UK entrepreneur Mike Lynch has been cleared of all charges by a US jury in the high-profile fraud case related to the sale of his software company Autonomy to Hewlett-Packard (HP) in 2011.Dr Lynch, who was extradited to the United States to face trial just over a year ago, was acquitted alongside a former finance executive Stephen Chamberlain who had faced the same charges. They were accused of conspiracy and attempted fraud over the £8.3bn sale to HP - a deal that has been the subject of costly legal actio ...
Nvidia overtakes Apple as world's second most valuable company
Sky News· 2024-06-06 08:11
The world has a new second most valuable public company - the AI microchip maker Nvidia. Riding the artificial intelligence (AI) boom - Nvidia's share price has risen to the extent that it's now worth more than $3trn (£2.34trn) and overtaken Apple. Only Microsoft is a more valuable company listed on a stock exchange, while Apple has fallen into third place.Money latest: Cheapest supermarket for petrol is now most expensive Meteoric rise Nvidia shares rose 5% on Wednesday after a year of growth. One share n ...