Sunday, 2 July 2023

Tesla Sees Record 466140 Q2 Vehicle Deliveries Aided by Price Cuts as EV Maker Beats Estimates

US automaker Tesla beat analyst expectations in the second quarter, delivering 4,66,140 vehicles despite a difficult market, according to its earnings report released Sunday. The nearly half million deliveries represent an 83 percent increase over the same period last year, and a 10 percent rise from the previous quarter.

Analysts had expected deliveries to come in under 450,000. From April to June, the Texas-based electric vehicle giant produced 4,79,700 cars — an 85 percent increase compared to the second quarter in 2022.

That brings Tesla's total production by the middle of this year to 9,20,508, well on its way to its goal of manufacturing 1.8 million cars in 2023 and exceeding expectations from industry watchers.

"Price cuts implemented early in 2023 have paid major dividends for Musk & Co. as demand appears to remain very strong and production efficiencies have allowed for the massive deliveries," analysts from Wedbush Securities wrote in a note to clients.

As competition in the EV sector heats up, Tesla has made several price cuts in the United States, Europe and Asia.

This has also allowed it to weather declining demand in China.

"We've taken a view that pushing for higher volumes and a larger fleet is the right choice here versus a lower volume and higher margin," CEO Elon Musk said on an April call discussing first-quarter results.

In the United States, Tesla has also benefited from its expanded eligibility in the government's $7,500 (roughly Rs. 6,15,220) tax credit programme for electric car buyers, part of President Joe Biden's environmental policy.

Until recently, buyers of Tesla's cheapest offering, the Model 3, were only eligible for half the tax credit because certain parts of the car weren't produced in North America.


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Facebook Acted on Only 27 Percent of User Complaints in May in India as Grievances Surged to 16995

Social media giant Meta's Facebook took action against only around 27 percent of complaints it received from users and Instagram against less than half of total grievances raised by users in May 2023, according to the company's latest India Monthly Report.

Individual grievances on Facebook more than doubled to 16,995 and jumped over 68 percent on Instagram in May compared to April data.

As per the category-wise information disclosed by Meta, Facebook "actioned on" less than one-tenth grievances of users where they claimed that the content is showing them in partial nudity or in a sexual act.

In the case of Instagram, the platform acted on half of the total users' reports it received for violation of its policy on "content showing me in nudity/partial nudity or in a sexual act".

Meta transparency report shows the other categories of report, on which Facebook action rate was less than a quarter of percentage, included grievances raised by users for "bullying or harassment" (less than 7 percent), "inappropriate or abusive content" (about 8 percent) and fake profiles (about 48 percent).

Facebook received a total 16,995 grievances from users and provided tools for users to resolve their issues in 2,325 cases.

"Of the other 14,670 reports where specialized review was needed, we reviewed content as per our policies, and we took action on 2,299 reports in total," Meta said in its report for Facebook.

The category-wise details of action taken on 2,299 additional reports was not disclosed by Facebook.

Instagram received 16,267 grievances from users, out of which it acted on 6,499 incidents comprising 2,671 reports on which action was taken after specialised review.

Instagram provided tools only in around 5 percent of cases where users reported about their account being hacked, around 50 percent in cases where users claimed that the content showed them in partial nudity or in a sexual act.

The category or the policy wise details of 2,671 reports were not shared by the company in the report.

Meta received two orders from Grievances Appellate Committee (GAC) on which it acted.

The GAC looks into complaints of users who are not satisfied by the resolution of social media majors.


Is the Xiaomi Pad 6 the best Android tablet you can buy under Rs. 30,000 in India? We discuss the company's latest mid-range tablet on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.


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Twitter Limits Number of Tweets Free and Verified Users Can Read No Access Without Account

Twitter is limiting how many tweets per day various accounts can read, to discourage "extreme levels" of data scraping and system manipulation, Executive Chair Elon Musk said in a post on the social media platform on Saturday.

Verified accounts were initially limited to reading 6,000 posts a day, Musk said, adding that unverified accounts will be limited to 600 posts a day with new unverified accounts limited to 300.

The temporary reading limitation was later increased to 10,000 posts per day for verified users, 1,000 posts per day for unverified and 500 posts per day for new unverified users, Musk said in a separate post without providing further details.

Previously, Twitter had announced it will require users to have an account on the social media platform to view tweets, a move that Musk on Friday called a "temporary emergency measure."

Musk had said that hundreds of organizations or more were scraping Twitter data "extremely aggressively", impacting user experience.

Musk had earlier expressed displeasure with artificial intelligence firms like OpenAI, the owner of ChatGPT, for using Twitter's data to train their large language models.

Twitter was down for thousands of users on Saturday morning, according to outage tracking website Downdetector.com.

Nearly 7,500 users across the social media platform reported issues with accessing the app during the peak of the outage at around 11:17am ET (8:47 pm IST).

The social media platform had previously taken a number of steps to win back advertisers who left Twitter under Musk's ownership and to boost subscription revenue by making verification check marks a part of the Twitter Blue programme.

© Thomson Reuters 2023


Is the Xiaomi Pad 6 the best Android tablet you can buy under Rs. 30,000 in India? We discuss the company's latest mid-range tablet on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.


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Saturday, 1 July 2023

Draft EU Artificial Intelligence Rules Could Hurt Europe

The proposed EU Artificial Intelligence legislation would jeopardise Europe's competitiveness and technological sovereignty, according to an open letter signed by more than 160 executives at companies ranging from Renault to Meta.

EU lawmakers agreed to a set of draft rules this month where systems like ChatGPT would have to disclose AI-generated content, help distinguish so-called deep-fake images from real ones and ensure safeguards against illegal content.

Since ChatGPT became popular, several open letters have been issued calling for regulation of AI and raising the "risk of extinction from AI".

Signatories of previous letters included Elon Musk, OpenAI CEO Sam Altman, and Geoffrey Hinton and Yoshua Bengio - two of the three so-called "godfathers of AI".

The third, Yann LeCun, who works at Meta, signed Friday's letter challenging the EU regulations. Other signatories included executives from a diverse set of companies such as Spanish telecom company Cellnex, French software company Mirakl and German investment bank Berenberg.

Those companies, along with Renault and Meta, did not respond immediately to requests for comment.

We are principally aiming at the European Parliament version because they decided to move from a risk-based approach to a technology-based approach, which was not in the initial text, Cedric O, former digital minister of France and one of the three organizers of the letter, told Reuters.

He, along with Jeannette zu Fürstenberg, founding partner of La Famiglia VC, and René Obermann, Airbus chairman, organised the open letter.

The letter warned that under the proposed EU rules technologies like generative AI would become heavily regulated and companies developing such systems would face high compliance costs and disproportionate liability risks.

Such regulation could lead to highly innovative companies moving their activities abroad and investors withdrawing their capital from the development of European AI in general, it said.

OpenAI's Altman, who had in May threatened to pull ChatGPT from Europe if it becomes too hard to comply with upcoming AI laws, later reversed his position and said the company has no plans to exit.

"I am convinced they have not carefully read the text but have rather reacted on the stimulus of a few who have a vested interest in this topic," Dragos Tudorache, who co-led the drafting of EU proposals, told Reuters.

The suggestions made in the letter are already in the draft legislation, he said.

© Thomson Reuters 2023


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European Space Agency Telescope Euclid to Launch in SpaceX Falcon 9 Rocket to Explore Dark Universe

A SpaceX rocket in Florida stood poised for launch on Saturday carrying an orbital telescope built to shed light on mysterious cosmic phenomena known as dark energy and dark matter, unseen forces scientists say account for 95 percent of the known universe.

The telescope dubbed Euclid, a European Space Agency (ESA) instrument named for the ancient Greek mathematician called the "father of geometry," was bundled inside the cargo bay of a Falcon 9 rocket set for blast-off around 11 am EDT (1500 GMT) from Cape Canaveral Space Force Station.

New insights from the $1.4 billion (roughly Rs. 11,500 crore) mission, designed to last at least six years, are expected to transform astrophysics and perhaps understanding of the very nature of gravity itself.

If all goes as planned, Euclid will be released after a short ride to space for a month-long voyage to its destination in solar orbit nearly 1 million miles (1.6 million km) from Earth - a position of gravitational stability between the Earth and sun called the Lagrange Point Two, or L2.

From there, Euclid is designed to explore the evolution of what astrophysicists refer to as the "dark universe," using a wide-angle telescope to survey galaxies as far away as 10 billion light years from Earth across an immense expanse of the sky beyond our own Milky Way galaxy.

The 2-ton spacecraft is also equipped with instruments designed to measure the intensity and spectrums of infrared light from those galaxies in a way that will precisely determine their distances.

The mission focuses on two foundational components of the dark universe. One is dark matter, the invisible but theoretically influential cosmic scaffolding thought to give shape and texture to the cosmos. The other is dark energy, an equally enigmatic force believed to explain why expansion of the universe, as scientists learned in the 1990s, has long been accelerating.

The possibilities of the mission are reflected by the enormity of Euclid's inquiry. Scientists estimate dark energy and dark matter together make up 95 percent of the cosmos, while ordinary matter that we can see accounts for just 5 percent.

European-led Mission

Euclid was designed and built entirely by ESA, with the US space agency, NASA, supplying photo detectors for its near-infrared instrument. The Euclid Consortium overall comprises more than 2,000 scientists from 13 European nations, the U.S., Canada and Japan.

A decade in the making, the mission originally was to have flown to space by way of a Russian Soyuz rocket. But launch plans were switched to SpaceX, the California-based venture of Elon Musk, after war erupted in Ukraine, and because no slot was immediately available from Europe's Arianne rocket program.

While the James Webb Space Telescope launched by NASA late last year allows astronomers to zero in on particular objects from the early universe with unprecedented clarity, Euclid is intended to expose the hidden fabric and mechanics of the cosmos by meticulously charting an enormous swath of the observable universe in 3-D, more than 1 billion galaxies in all.

Dark matter and dark energy cannot be detected directly, but their properties "are encoded in the shapes and positions of the galaxies," said astrophysicist Jason Rhodes, lead scientist for Euclid at NASA's Jet Propulsion Laboratory near Los Angeles.

"Measuring the shapes and positions of galaxies allows us to infer the properties of dark matter and dark energy," Rhodes said on Friday.

The data will be collected as Euclid maps the last 10 billion years of cosmic history across a third of the sky, gazing outward, and thus back in time, to an era of the universe astronomers call "cosmic noon," when most stars were forming.

Observing subtle but distinct changes in the shapes and positions of galaxies over vast spans of time and space will reveal fine variations in cosmic acceleration, indirectly exposing the forces of dark energy, scientists say.

Euclid also will help reveal the nature of dark matter by measuring an effect called gravitational lensing, which produces faint distortions in galaxies' visible shapes and is attributed to the presence of unseen material warping the fabric of space around it.

Through insights into dark energy and matter, scientists hope to better grasp the formation and distribution of galaxies across the so-called cosmic web of the universe.

Beyond Euclid's primary objectives, it will provide "a gold mine for all fields of astronomy for several decades," said Yannick Mellier, Euclid Consortium lead and astronomer at the Institut d'Astrophysique de Paris.

© Thomson Reuters 2023


What are the most exciting titles that gamers can look forward to in 2023? We discuss some of our favourites on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.


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TSMC Says Its IT Hardware Supplier Targetted in Cyberattack

Taiwan Semiconductor Manufacturing said on Friday that a cybersecurity incident involving one of its IT hardware suppliers has led to the leak of the vendor's company data.

"TSMC has recently been aware that one of our IT hardware suppliers experienced a cybersecurity incident which led to the leak of information pertinent to server initial setup and configuration," the company said.

TSMC confirmed in a statement to Reuters that its business operations or customer information were not affected following the cybersecurity incident at its supplier Kinmax.

The TSMC vendor breach is part of a larger trend of significant security incidents affecting various companies and government entities.

Victims range from U.S. government departments, UK's telecom regulator, to energy giant Shell, all affected since a security flaw was discovered in Progress Software's MOVEit Transfer product last month.

TSMC said it has cut off data exchange with the affected supplier following the incident.

TSMC also announced in April that it will release new software this year to help customers working on advanced computer chips for cars take advantage of its newest technologies more quickly.

TSMC is the world's biggest contract manufacturer of semiconductors. Many of the automotive industry's biggest chip suppliers such as NXP Semiconductor and STMircoelectronics NV tap TSMC to make their chips.

But automotive chips must meet a higher bar for ruggedness and longevity than the chips that go into consumer electronics. TSMC has special manufacturing processes for the automotive industry that typically arrive a couple years after similar processes for consumer chips.

In the past it has then taken automotive chip firms extra time to create chip designs for those specialised manufacturing lines. The result was that car chips could be years behind those in the latest smartphone.

© Thomson Reuters 2023
 


Is the Xiaomi Pad 6 the best Android tablet you can buy under Rs. 30,000 in India? We discuss the company's latest mid-range tablet on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.


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Twitter Now Needs Users to Sign In to View Tweets Owner Elon Musk Calls it Temporary Emergency Measure

Twitter will now require users to have an account on the social media platform to view tweets, a move that owner Elon Musk on Friday called a "temporary emergency measure".

Users who try to view content on the platform will be asked to sign up for an account or log into an existing account to see their favourite tweets.

"We were getting data pillaged so much that it was degrading service for normal users!" Musk said in a tweet.

He added that hundreds of organizations or more were scraping Twitter data "extremely aggressively", affecting user experience.

Musk has previously expressed displeasure at artificial intelligence firms like OpenAI, the owner of ChatGPT, using Twitter's data to train their large language models.

"We absolutely will take legal action against those who stole our data & look forward to seeing them in court, which is (optimistically) 2 to 3 years from now," he said.

In a letter addressed to Microsoft CEO Satya Nadella, Musk's lawyer Alex Spiro in May asked the tech giant to conduct an audit of its use of Twitter's content, alleging the Windows developer violated an agreement over using the social media company's data.

The company has initiated a range of measures to bring back advertisers who left the platform under Musk's ownership and to increase subscription revenue by making verification check marks a part of the Twitter Blue program.

Earlier in the month, Twitter had announced plans to focus on video, creator and commerce partnerships to revitalize the social media company's business beyond digital advertising.

Twitter has also begun charging users to access its application programming interface (API), used by third-party apps and researchers.

© Thomson Reuters 2023


Is the Xiaomi Pad 6 the best Android tablet you can buy under Rs. 30,000 in India? We discuss the company's latest mid-range tablet on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.


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