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Spotify boss denies claim 30-second repeat play trick can make you rich | Science & Tech News
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Repeatedly listening to your own 30-second track on Spotify won’t make you around £960 ($1,200) a month, the streaming giant’s chief executive has said. It comes after an analysis by JP Morgan, reported by the Financial Times, suggested the Swedish music firm’s royalty structure could be manipulated by artists, or even regular users. The newspaper…
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Sam Bankman-Fried: Disgraced FTX boss ‘donated stolen customer funds to politicians’ | Science & Tech News
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Disgraced crypto entrepreneur Sam Bankman-Fried used stolen customer money to make political donations, prosecutors have alleged. The 31-year-old, whose £21bn FTX empire collapsed last year, is accused of making north of $100bn (£79bn) in campaign contributions during the 2022 US midterms. He is said to have directed two of his company’s executives to send cash…
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Artificial intelligence ‘doesn’t have capability to take over’, Microsoft boss says | Science & Tech News
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The head of artificial intelligence at Microsoft says the company will continue to accelerate its work on large AI models despite concerns from some in the field that the technology is growing too fast and is too unpredictable to be safe. “The potential for this technology to really drive human productivity… to bring economic growth…
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Who is Jack Dorsey? The billionaire tech founder and Bluesky boss who ran Twitter before Elon Musk | Science & Tech News
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As Elon Musk drags Twitter and its users through more and more turbulence, its founder Jack Dorsey has made a supportive observation from the sidelines. He posted that “Running Twitter is hard” and “it’s easy to critique the decisions from afar”. The 46-year-old billionaire left the platform he co-founded in 2006 to launch what he…
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Grammys boss Harvey Mason Junior says music ‘with AI-created elements’ is ‘absolutely eligible for entry’ | Ents & Arts News
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The boss of the company behind the Grammys has clarified the ceremony’s stance on the use of artificial intelligence (AI) in the music industry. Recording Academy CEO and President Harvey Mason Junior said: “AI, or music that contains AI-created elements is absolutely eligible for entry and for consideration for Grammy nomination. Period”. It follows new…
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Mark Zuckerberg and Elon Musk ‘dead serious’ about cage fight, says UFC boss | Science & Tech News
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Mark Zuckerberg and Elon Musk are “absolutely dead serious” about fighting each other in a cage match, the boss of UFC has said. The tech billionaires used their respective social media platforms, Instagram and Twitter, this week to talk up their battle-readiness – and both have apparently since spoken to mixed martial arts supremo Dana…
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Discord boss ‘horrified’ by reports of child abuse and abduction on platform | Science & Tech News
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Child exploitation taking place on popular chat platform Discord is “horrifying”, the company’s chief executive has said. Jason Citron said any cases of child sexual abuse material, grooming, or abduction linked to the service, which he founded back in 2015, would be taken “very seriously”. “As a parent, it’s horrifying,” he told Bloomberg’s Tech Summit…
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Who is Sam Altman? The OpenAI boss and ChatGPT guru who is now one of AI’s biggest players | Science & Tech News
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He was a tech whizz before he left primary school, dropped out of one of America’s top universities, and now appears to be spearheading a revolution that could change our lives forever. So far, so Silicon Valley. And like so many of the billionaire entrepreneurs that have emerged from that infamous stretch of sunny California,…
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Boss of AI firm’s ‘worst fears’ are more worrying than creepy Senate party trick | US News
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Normally when representatives of tech companies appear before the US Senate, they tend to rail against the prospect of regulation, and resist the suggestion that their technology is doing harm. And that’s what made this committee hearing on AI a rare thing. Sam Altman, CEO of OpenAI – the company that created ChatGPT and GPT4,…
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Apple boss Tim Cook thanks three countries for record iPhone sales | Business News
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Apple has beat Wall Street expectations and market trends in reporting increased iPhone sales in its second quarter results. Both revenues and profits were above investor predictions as a record number of iPhones were sold for the second three month period in its financial year. Sales for the year ending 1 April dropped overall –…