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Adam Hanafi

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Posts by Adam Hanafi

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Claude's new watermark has some users up in arms

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Claude's new watermark has some users up in arms

Not everyone's on board with Anthropic's plan to embed invisible watermarks into Claude-generated text and images, a move that brings it into compliance with new EU transparency rules. Some point out that the policy conflates AI-assisted work with AI-authored work, raising the question of who owns the finished product when the human provides the ideas and judgment. Others highlight enterprise use, where AI is merely one input in a deeply collaborative process, not the sole author.

3 min read 0 likes 0 comments
Whatnot hits $20B valuation as live shopping takes off

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Whatnot hits $20B valuation as live shopping takes off

The live-shopping platform Whatnot has raised $545 million in a new funding round that values the startup at $20 billion. The app, which launched in 2019 as a hub for collectibles and later designer fashion, "supercharges" the typical online shopping experience through dynamic live shows guided by charismatic sellers. The Wall Street Journal reports that some users have become so "addicted" to its social-media-like scrolling and "high-pressure" auctions that they wipe out their savings. Retail stalwart eBay is also capitalizing on the live-shopping boom.

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Bank of America calls $250M GLP-1 spend 'good investment'

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Bank of America calls $250M GLP-1 spend 'good investment'

At a time when many employers are struggling to balance rising demand for GLP-1 drugs with their steep price tags, Bank of America is taking a decisive approach. CEO Brian Moynihan tells WebNovare that the firm spends over $250 annually covering drugs like Ozempic and Wegovy for staff, calling it "a good investment." That equates to 13% of total healthcare spending, given the bank allocates $2 billion for its 211,000 employees. Moynihan says the firm is aggressively pushing drugmakers and pharmacy benefits managers to lower prices for the drugs.

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Meta hit with $567M penalty in New Mexico youth safety case

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Meta hit with $567M penalty in New Mexico youth safety case

A New Mexico judge has expanded penalties against Meta after a jury found the company failed to safeguard young users on Facebook and Instagram. The Thursday ruling adds a $567 million abatement fund to earlier civil penalties of $375 million and mandates new safety features and public risk disclosures. In a statement, Meta said it disagrees with the ruling and plans to appeal. The lawsuit, led by New Mexico Attorney General Raúl Torrez, is among thousands of child-safety complaints that have been filed against Meta by states, school districts and individuals.

3 min read 0 likes 0 comments
Scientists use AI to design never-before-seen viruses

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Scientists use AI to design never-before-seen viruses

Scientists at Stanford University and the Arc Institute have used an artificial intelligence model to design new viruses that are not present in nature, according to a study published Thursday in the journal Science. The research brings the promise of medical breakthroughs but also "the disturbing possibility that the technology could someday be used to invent dangerous pathogens," WebNovare reports. The team intentionally avoided training the model, called Evo, with viruses that infect humans, instead using genetic sequences that infect only bacteria.

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Another ex-Uber exec joins Kalanick's robotics startup

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Another ex-Uber exec joins Kalanick's robotics startup

Former Uber executive Gautam Gupta is the new chief financial officer at Atoms, the robotics startup launched in March by Uber founder Travis Kalanick. Gupta joins a host of other Uber alums at the company, which seeks to operate across sectors including food, mining and transportation. His tenure at Uber ended in July 2017, after more than four years. Weeks earlier, Kalanick stepped down as CEO of the robot maker amid pressure from investors. Last month, Atoms completed a $1.7 billion funding round led by Andreessen Horowitz.

3 min read 0 likes 0 comments
SpaceX, Tesla to splash out $16.8B on AI-chip facility in Texas

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SpaceX, Tesla to splash out $16.8B on AI-chip facility in Texas

"Everything's bigger in Texas": Seems like Elon Musk is taking that old saying to heart. The billionaire entrepreneur on Thursday announced that SpaceX and Tesla will spend nearly $17 billion to build a massive AI chip complex in Grimes County, Texas. The planned 100-million-square-foot Terafab plant will employ at least 3,000 people, Musk said, to produce the cutting-edge chips needed to support SpaceX's orbital data centers and Tesla's Optimus robots. That $16.8 billion is just the start, though — Terafab's total cost could ultimately reach as much as $119 billion.

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SpaceX stock rises as 900M insider shares are unlocked

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SpaceX stock rises as 900M insider shares are unlocked

SpaceX stock rose slightly Thursday as lockup expirations made over 900 million shares newly available to trade. Representing some $100 billion in market value, the unlocked shares have doubled the number previously available, as SpaceX employees and early investors enter the market looking to lock in gains. The company's phased, nine-stage lockup structure aims to soften potential selling waves, but adds complexity for investors who are still holding on to SpaceX shares, which now sit below the $135 IPO price and have plunged since June.

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OpenAI's 'hockey puck-sized' gadget to cost over $300

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OpenAI's 'hockey puck-sized' gadget to cost over $300

OpenAI’s eagerly awaited consumer hardware device is expected to feature a doughnut-like design roughly the size of a hockey puck and carry a price tag of more than $300, WebNovare reports, citing anonymous sources. The AI-powered gadget, slated for release in 2027, will function like a smart speaker without a screen, serving as an interactive companion. Designed in collaboration with former Apple design chief Jony Ive, it is expected to be the first of a forthcoming lineup of hardware devices infused with ChatGPT.

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