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Billionaire Musk likely to ‘double down’ on tweets after court victory

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Billionaire Musk likely to 'double down' on tweets after court victory

 Elon Musk may become even more emboldened in his Twitter use after a jury cleared the billionaire Tesla Inc (TSLA.O) chief executive over his missive that he had “funding secured” to take his electric car company private.

A San Francisco jury took just two hours to unanimously find the world’s second-richest person not liable for having allegedly tweeted fraudulently in August 2018 about a possible Tesla buyout.

Musk is likely to “double down” on his communication tactics after the verdict, said Minor Myers, a professor of corporate law at the University of Connecticut.

“This is only going to embolden him to act as he sees fit,” Myers said.

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Musk ultimately abandoned his effort to take Tesla private, but told jurors early in the three-week trial that he had believed what he wrote in tweets.
Karen Woody, an associate professor at Washington and Lee University School of Law, said she thought the case was “rock-solid” against Musk and she was shocked at the verdict.

“He pushed the boundaries, and won,” she said. “I expect Elon is going to write anything he wants,”

Musk himself thanked the jury on Twitter — which he bought in October for $44 billion.

“Thank goodness, the wisdom of the people has prevailed,” he wrote.

The Tesla shareholders who sued Musk had sought billions of dollars in damages.

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Musk’s raw tweeting style has made him a hero for many, and burnished the Tesla brand.

He fought hard against accusations that he had not told the truth, with his lawyer, Alex Spiro, telling the jury that the “funding secured” tweet was only technically inaccurate.

“Who cares about bad word choice?” Spiro said during closing arguments.

The tweets led to Musk and Tesla paying $40 million to resolve U.S. Securities and Exchange Commission civil charges under a consent agreement that Musk has fought unsuccessfully to lift.

“He doesn’t want to play by SEC rules as the SEC understands them, and the SEC doesn’t want to be perceived as backing down,” said Adam Pritchard, a University of Michigan law professor. “I expect them to continue having their difficulties.”

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Still, many analysts said Musk, who has tweeted more than 22,000 times and has about 128 million Twitter followers, has no reason to slow down now.

“Many people, when confronted by a lawsuit of this type would have dialed back tweeting,” said Kim Forrest, chief investment officer at Bokeh Capital Partners. “But that wasn’t the case in the Twitter deal, was it?

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Europe sets benchmark for rest of the world with landmark AI laws

Europe sets benchmark for rest of the world with landmark AI laws

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Europe sets benchmark for rest of the world with landmark AI laws

 Europe’s landmark rules on artificial intelligence will enter into force next month after EU countries endorsed on Tuesday a political deal reached in December, setting a potential global benchmark for a technology used in business and everyday life.

The European Union’s AI Act is more comprehensive than the United States’ light-touch voluntary compliance approach while China’s approach aims to maintain social stability and state control. 

The vote by EU countries came two months after EU lawmakers backed the AI legislation drafted by the European Commission in 2021 after making a number of key changes.

Concerns about AI contributing to misinformation, fake news and copyrighted material have intensified globally in recent months amid the growing popularity of generative AI systems such as Microsoft-backed OpenAI’s ChatGPT, and Google’s chatbot Gemini.

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“This landmark law, the first of its kind in the world, addresses a global technological challenge that also creates opportunities for our societies and economies,” Belgian digitisation minister Mathieu Michel said in a statement.

“With the AI Act, Europe emphasizes the importance of trust, transparency and accountability when dealing with new technologies while at the same time ensuring this fast-changing technology can flourish and boost European innovation,” he said.

The AI Act imposes strict transparency obligations on high-risk AI systems while such requirements for general-purpose AI models will be lighter.

It restricts governments’ use of real-time biometric surveillance in public spaces to cases of certain crimes, prevention of terrorist attacks and searches for people suspected of the most serious crimes.

The new legislation will have an impact beyond the 27-country bloc, said Patrick van Eecke at law firm Cooley.

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“The Act will have global reach. Companies outside the EU who use EU customer data in their AI platforms will need to comply. Other countries and regions are likely to use the AI Act as a blueprint, just as they did with the GDPR,” he said, referring to EU privacy rules.

While the new legislation will apply in 2026, bans on the use of artificial intelligence in social scoring, predictive policing and untargeted scraping of facial images from the internet or CCTV footage will kick in in six months once the new regulation enters into force.

Obligations for general purpose AI models will apply after 12 months and rules for AI systems embedded into regulated products in 36 months.

Fines for violations range from 7.5 million euros ($8.2 million) or 1.5% of turnover to 35 million euros or 7% of global turnover depending on the type of violations.

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Microsoft promotes new tools for making AI software

Microsoft promotes new tools for making AI software

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Microsoft talked up new tools on Tuesday aimed at encouraging programmers to build AI-focused technology into Windows software as it races against Alphabet, Amazon and Apple to dominate the emerging field. At a developer conference in Seattle, Chief Executive Satya Nadella promoted new application programming interfaces, or APIs, that make it easier for developers to tap in to AI technology offered by Microsoft. The company said 1.8 million developers are now using Github Copilot, Microsoft's generative AI tool that helps computer programmers be more productive. "What stands out to me as I look back at this past year, is how you all as developers have taken all of these capabilities and are applying them, quite frankly, to change the world around us," Nadella said during his keynote address at the Build conference. Microsoft detailed new features for its Copilot AI software that helps business productivity applications such as email and its Teams video and text chat product. At its developer conference last week, Alphabet's Google unveiled a similar batch of AI tools to help people with office applications. Microsoft announced details of its new developer tools last week. Shares of Microsoft were up 1.2% at $430.67 on Tuesday afternoon after hitting a record high of $432.97 earlier in the session. Microsoft's stock has now gained 14% in 2024. Also aimed at developers, Microsoft said last Thursday it would offer its cloud computing customers a platform of AMD AI chips that will compete with Nvidia whose graphics processing units have become the gold standard for AI computing. The platform of AMD chips created by Microsoft uses networking technology made by Nvidia called Infiniband to string the processors together. OpenAI's new GPT4-o model, which runs on Microsoft's infrastructure, is 12 times cheaper for developers to use in their software than earlier versions of the technology, Microsoft's chief technology officer Kevin Scott said. Microsoft is the largest investor in OpenAI and uses some of the AI heavyweight's technology in its own products. On Monday, Microsoft debuted a line of Copilot+ personal computers with AI features such as software that lets users search through their past actions in nearly any software. The new computers feature Arm-based, processors made by Qualcomm.

 Microsoft talked up new tools on Tuesday aimed at encouraging programmers to build AI-focused technology into Windows software as it races against Alphabet, Amazon and Apple to dominate the emerging field.

At a developer conference in Seattle, Chief Executive Satya Nadella promoted new application programming interfaces, or APIs, that make it easier for developers to tap in to AI technology offered by Microsoft. 

The company said 1.8 million developers are now using Github Copilot, Microsoft’s generative AI tool that helps computer programmers be more productive.

“What stands out to me as I look back at this past year, is how you all as developers have taken all of these capabilities and are applying them, quite frankly, to change the world around us,” Nadella said during his keynote address at the Build conference.

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Microsoft detailed new features for its Copilot AI software that helps business productivity applications such as email and its Teams video and text chat product.

At its developer conference last week, Alphabet’s Google unveiled a similar batch of AI tools to help people with office applications. Microsoft announced details of its new developer tools last week.

Shares of Microsoft were up 1.2% at $430.67 on Tuesday afternoon after hitting a record high of $432.97 earlier in the session. Microsoft’s stock has now gained 14% in 2024.

Also aimed at developers, Microsoft said last Thursday it would offer its cloud computing customers a platform of AMD AI chips that will compete with Nvidia whose graphics processing units have become the gold standard for AI computing.

The platform of AMD chips created by Microsoft uses networking technology made by Nvidia called Infiniband to string the processors together.

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OpenAI’s new GPT4-o model, which runs on Microsoft’s infrastructure, is 12 times cheaper for developers to use in their software than earlier versions of the technology, Microsoft’s chief technology officer Kevin Scott said.

Microsoft is the largest investor in OpenAI and uses some of the AI heavyweight’s technology in its own products.

On Monday, Microsoft debuted a line of Copilot+ personal computers with AI features such as software that lets users search through their past actions in nearly any software. The new computers feature Arm-based, processors made by Qualcomm.

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Explainer: What are AI PCs? How do they differ from traditional PC?

Explainer: What are AI PCs? How do they differ from traditional PC?

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Explainer: What are AI PCs? How do they differ from traditional PC?

The PC just got an AI makeover, raising hopes that the buzzy technology would help revive an industry that has been on a steady decline over the last few years.

Here’s everything we know about AI PCs:

WHAT DOES “AI PC” MEAN?

Manufacturers say these devices process data more swiftly than traditional PCs and can handle a greater volume of AI tasks directly on the device, including chatbots.

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That means they do not have to rely on cloud data centers that currently power most AI applications, including OpenAI’s ChatGPT.

Some models can even support the training of AI models, a task that requires significant computing power and is typically performed on servers.

PC makers are hoping such features will help draw in buyers as more people lean on generative AI for everything from sending emails to planning vacations.

Research firm Canalys estimates AI PC shipments will surpass 100 million in 2025, constituting 40% of all PCs shipped. 

WHAT TECHNOLOGY IS USED IN AI PCS?

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AI PCs come with specialized processors called neural processing units (NPUs) that handle the majority of on-device AI workloads.

These NPUs work in tandem with central processing units and graphics processors to manage complex tasks, deliver enhanced processing speeds and power applications such as AI assistants.

WHAT ARE SOME OF THE AI PCS AVAILABLE ON THE MARKET?

Brands including Dell, HP, Samsung Electronics, Lenovo, Asus and Acer have unveiled new computers under Microsoft’s Copilot+ branding, which was announced on Monday.

Among these, Microsoft’s refreshed Surface Laptop and Surface Pro tablet are some of the most affordable Copilot+ devices, starting at $999.

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Lenovo ThinkPad T14s Gen 6, expected to start at $1,699, stands as the priciest option based on the pricing disclosed by some manufacturers.

ARE THERE ANY CONCERNS?

A new flagship feature from Microsoft called “recall” has raised some privacy concerns. The Windows maker’s Copilot+ PCs “recall” capability within the AI assistant allows it to search and retrieve information on any past activity on the computer.

The recall feature tracks every action performed on the laptop from voice chats to web browsing, and creates a detailed history stored on the device. The user can then search this repository and go through past actions.

Some social media users have expressed fears that the feature could enable spying, while billionaire technologist Elon Musk compared it to “Black Mirror,” the Netflix series that explores the harmful effects of advanced technology.

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The main concern with the feature is whether the data is stored on the device or centrally, International Data Corp analyst Ryan O’Leary said, adding that there would be “significant privacy risk” if Microsoft stored the data.

On the other hand, some experts say that managing more AI-related tasks directly on the device offers greater privacy.

Research from Forrester showed AI PCs could help avoid the use of personal data to train AI systems, as well as copyright and patent violations, making them preferable for enterprise use.

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