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Social media platform Reddit has drawn up detailed plans to launch its initial public offering (IPO) in March, moving forward with a listing it has been eyeing for more than three years, according to people familiar with the matter. It would be the first IPO of a major social media company since Pinterest's debut in 2019, and would come as Reddit and its peers face stiff competition for advertising dollars from the likes of TikTok and Facebook . The offering would also test the willingness of some Reddit users to back the company's stock market debut. Many investors posting on the platform have helped fuel dozens of "meme" stock rallies in the last three years, from retailer Game Stop to movie operator AMC Entertainment Holdings. Reddit, which filed confidentially for its IPO in December 2021, is planning to make its public filing in late February, launch its roadshow in early March, and complete the IPO by the end of March, two of the s...

Apple is ramping up production of the Vision Pro mixed-reality headset, setting the stage for a launch by February, Bloomberg News reported on Wednesday citing people with knowledge of the matter. Production of the new headset is at full speed at facilities in China and has been for several weeks, according to the report. The goal is for customer-bound units to be ready by the end of January, with the retail debut planned for the following month, the report added. The Vision Pro, priced at $3,499 launch ed in June and was expected to be available by early 2024 in the US. The company sent an email to software developers on Wednesday encouraging them to "get ready" for the Vision Pro by testing their apps with the latest tools and sending their software to Apple for feedback, according to the report. Media reports in July suggested the iPhone maker had been forced to make major cuts to production forecasts for the headset due to design comp...

SpaceX has revealed new target launch date for its triple-booster Falcon Heavy rocket, which can carry experimental space plane to orbit for the US Space Force. After four failed attempts, the rocket will launch on December 28. Previously, poor weather conditions at the launch site at the Kennedy Space Center in Florida, and an unspecified “side issue” on the ground, were among the few reasons that the mission was delayed from launch . The private space company will be launch ing the rocket for the eighth time in five years, and has avoided any allusions that the rocket may defects or problems in its system. The Falcon Heavy will pack 5.5 million pounds of thrust at launch , providing quite a spectacle when it lifts off. The rocket will be deployed in Space Force’s X-37B space plane on its seventh mission since its first in 2010. According to the Space Force, the space shuttle will be conducting various tests like flying in “new orbital regimes, experimenti...

ChatGPT maker OpenAI has delay ed the launch of its custom GPT store until early 2024, according to an internal memo seen by Reuters on Friday. During its first developer conference in November, OpenAI introduced the custom GPTs and store, which were set to be launched later that month. The company is continuing to "make improvements" to GPTs based on custom er feedback, the memo said. The delay comes against the backdrop of the startup's surprise ouster of its CEO Sam Altman and his subsequent reinstatment following threats by employees to quit. The GPTs are early versions of AI assistants that perform real-world tasks such as booking flights on behalf of a user. It is also expected to allow users to share their GPTs and earn money based on the number of users. Source: https://thefoxposts.com/openai-delays-launch-of-custom-gpt-store-to-early-2024-TheFOXposts-42557.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogg...

Meta Platforms on Thursday launched two new AI-based features for video editing that could be used for posting to Instagram or Facebook. The first is called Emu Video and it generates four-second long videos with a prompt of a caption, photo or an image, paired with a description. The other is known as Emu Edit that allows users to more easily alter or edit videos with text prompts. The new tools are an advancement of the parent model Emu that generates images in response to text prompts. Emu underpins a generative AI Technology and some AI image editing tools for Instagram that lets one take a photo and change its visual style or background. Business es and enterprises in the last one year have flocked to the nascent generative AI market for newer capabilities and refining Business processes since the launch of OpenAI's ChatGPT late last year. The social media giant has been making rapid strides in the AI universe and has become one of its most significant focus po...

Apple Inc has scaled back ambitious self -driving plans for its future electric vehicle and postponed the car's target launch date to 2026, Bloomberg News reported on Tuesday, citing people with knowledge of the matter. The iPhone maker's shares fell 2.4% following the report. The company's automotive efforts, known as Project Titan, have proceeded unevenly since 2014, when it first started to design a vehicle from scratch. Apple is now planning a less-ambitious design that will include a steering wheel and pedals and only support full autonomous capabilities on highways, the people told Bloomberg. The report added that the company plans to develop a vehicle that lets drivers conduct other tasks on a freeway and be alerted with ample time to switch over to manual control. Last year, a Bloomberg report said Apple was pushing to launch its electric car as early as 2025 and refocusing the project around full self -driving capabilities. Apple's idea...

US ride-hailing firm Uber Technologies Inc and driverless tech-maker Motional said on Wednesday they launched their public robotaxi service in Las Vegas. Tough regulatory scrutiny and delayed commercial adoption of autonomous vehicle Technology have delayed deployment of robotaxi service s, leaving investors worried. The launch is part of a non-exclusive 10-year agreement between both the companies for driverless vehicles, with a rollout in Los Angeles expected to follow. In the multi-market deal, Motional's autonomous vehicles would also ferry both passengers and delivery items for Uber and its Uber Eats division. Riders are currently not being charged as part of the early days of launch, Uber said in an interview with Reuters, but added that they plan to start charging for their driverless commercial launch. The companies said they would have vehicle operators for now, although they are working to make a fully driverless experience available to the public by 2023...

BANGKOK: Tesla Inc launch ed two electric vehicle (EV) models in Thailand on Wednesday, marking its first foray into the regional autos hub that has long been dominated by Japanese manufacturers. The launch of two EVs with prices ranging between 1.7 million baht to 2.5 million baht (($48,447 to $71,205) comes as Thailand makes a push for EV adoption and production by offering tax cuts and subsidies. The US automaker plans to start selling its EVs in Southeast Asia's second-biggest economy via online channels, with deliveries set to start early next year. But it faces stiff com Pet ition from Chinese brands like BYD and Great Wall Motors, which have set up showrooms and distribution partners in recent years to reach customers and offer EVs with prices starting at 800,000 baht. Tesla did not provide details on sales targets. Thailand is Asia's fourth-largest auto assembly and export hub for companies like Toyota Motor Corp and Honda Motor Co Ltd. It produces about 1.5...

Twitter Inc said on Monday it was re-enabling Twitter Blue sign ups for iOS and web users , and replacing the "official" label with a gold checkmark on some Business accounts on the social media platform. The company said Twitter Blue subscribers will get access to subscriber-only features such as the ability to edit tweets, while government accounts will get a gray checkmark. Twitter Blue was initially launched early in November, before pausing it as fake accounts mushroomed. It was then scheduled to launch again on Nov. 29, but was pushed back. Source: https://thefoxposts.com/twitter-blue-sign-ups-relaunched-for-ios-web-users-TheFOXposts-4326.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam Category: Technology Post by: TheFOXposts.Com

Spotify has launch ed a new tool called Showcase which will let artists display their music on homescreen to reach a wider audience. Artists can choose the song or their album to show up as a mobile banner. These songs or albums can target specific audiences from 30 markets at launch . The feature will clearly show that the banner is sponsored. Artists will be allowed to choose specific headlines for their banners. Artists can customize their campaigns to reach certain types of listeners, be it their fans or new listeners The new feature was previously showcased at Spotify's Stream On event. This feature is one of the many to revamp the current look of the app. Read More Tech titans meet US lawmakers, Musk seeks 'referee' for AI The Showcase feature has been rolled out since Tuesday. In the first round, US artists with at least 1,000 streams in the last 28 days should see Showcase appear in the campaigns tab of Spotify for Artists. Source: https://thefoxposts....

FUJIFILM Australia has announced the all-new GFX100 II, the latest addition to the GFX mirrorless camera range. The GFX100 II features a new 102MP image sensor and high-speed X-Processor 5 promising to provide significant performance improvements across stills and video capabilities including autofocus functionality, continuous shooting and enhanced 8K internal video recording. In conjunction with the launch GFX100 II, FUJIFILM Australia has also announced the all-new FUJINON GF55mmF1.7 R WR joining as the latest addition to the GF interchangeable lens line-up. Equipped with a maximum aperture of F1.7 and DC motor for autofocus optimisation the GF55mmF1.7 R WR promises to deliver beautiful backdrops and speedy captures, ideal for tack-sharp portrait stills. Watch the latest News on Channel 7 or stream for free on 7plus >> FUJIFILM Australia has announced the all-new GFX100 II. Credit: FUJIFILM Australia 7News.com.au has been given exclusive access to test out the GFX100 II a...

SHANGHAI: Chinese search giant Baidu Inc will set up a venture capital fund of 1 billion yuan ($145 million ) to back start-ups focused on content generated by artificial intelligence applications, it said on Wednesday. The company will also launch a com Pet ition for developers to build applications off its ERNIE large language model (LLM) or integrate the model into their existing products, it added. Chinese tech companies have raced to release their own LLMs following the dramatic success of ChatGPT, the AI-powered chatbot released by Microsft-backed (MSFT.O) OpenAI. Almost 80 organisations in China have  launch ed their own LLMs since 2020, with releases this year slightly exceeding those of the United States, a report showed this week. In March, Baidu unveiled Ernie Bot, its own AI-powered LLM. E-commerce giant Alibaba Group Holding Ltd was among the other Chinese companies that followed quickly. In response to the surge of LLMs, China publi...

Elon Musk’s SpaceX has success fully launch ed its next-generation Starship cruise vessel for the first time atop the company’s powerful new Super Heavy rocket . The uncrewed test flight ended minutes later with the vehicle exploding in the sky. The two-stage rocketship, standing taller than the Statue of Liberty at 120m high, blasted off from the company’s Starbase spaceport and test facility east of Brownsville, Texas. Watch the latest News on Channel 7 or stream for free on 7plus >> SpaceX hoped it would be, at best, a 90-minute debut flight into space but just shy of Earth orbit. A live SpaceX webcast of the lift-off showed the rocketship rising from the launch tower into the morning sky as the Super Heavy’s raptor engines roared to life in a ball of flame and billowing clouds of exhaust and water vapour. But less than four minutes into the flight, the upper-stage Starship failed to separate as designed from the lower-stage Super Heavy, and the combined vehicle was seen fli...