Sony's PlayStation division is cutting jobs in the latest round of high-profile layoffs in the video game industry. From a report: By some estimations, 2024 has already seen more than 7,000 video game industry layoffs. Related to these moves, PlayStation is proposing to close its London games studio, which was most recently responsible for developing PlayStation VR games. Cuts are also coming to Sony's other studios, including Firesprite, Insomniac Games, Naughty Dog, and Guerrilla. PlayStation's technology, creative, and support teams are also affected by these measures. In a blog post, outgoing SIE CEO Jim Ryan said it was an "extremely hard decision" to make these cuts, which amount to 900 people or about 8% of PlayStation. Ryan is leaving in March.

Netflix is severing ties with Apple's App Store billing system for good. From a report: Netflix stopped allowing new and rejoining subscribers to sign up with App Store billing back in 2018, but Netflix subscribers who were paying through Apple at the time were allowed to continue doing so. Now, that's finally about to change.

As reported by The Streamable, Netflix has started notifying people who currently pay for a subscription through Apple that they need to update their payment method to continue accessing the service. Netflix's support website has also been updated to acknowledge this change: "Some Apple-billed members in select countries may be prompted to add a new payment method to continue their subscription."

Alphabet's Google Cloud on Monday ramped up its criticism of Microsoft's cloud computing practices, saying its rival is seeking a monopoly that would harm the development of emerging technologies such as generative AI. From a report: "We worry about Microsoft wanting to flex their decade-long practices where they had a lot of monopoly on the on-premise software before and now they are trying to push that into cloud now," Google Cloud Vice President Amit Zavery said in an interview. "So they are creating this whole walled garden, which is completely controlled and owned by Microsoft, and customers who want to do any of this stuff, you have to go to Microsoft only," he said.

"If Microsoft cloud doesn't remain open, we will have issues and long-term problems, even in next generation technologies like AI as well, because Microsoft is forcing customers to go to Azure in many ways," Zavery said, referring to Microsoft's cloud computing platform. He urged antitrust regulators to act. "I think regulators need to provide some kind of guidance as well as maybe regulations which prevent the way Microsoft is building the Azure cloud business, not allow your on-premise monopoly to bring it into the cloud monopoly," Zavery said.

According to a new study, almost half of America's new college graduates are winding up in jobs they didn't need to go to college to get. CBS News reports: If a graduate's first job is in a low-paying field or out-of-line with a worker's interests, it could pigeonhole them into an undesirable role or industry that's hard to escape, according to a new study (PDF) from The Burning Glass Institute and the Strada Institute for the Future of Work. Another study from the HEA Group found that a decade after enrolling in college, attendees of 1 in 4 higher education programs are earning less than $32,000 -- the median annual income for high school graduates. A college degree, in itself, is not a ticket to a higher-paying job, the study shows.

"Getting a college degree is viewed as the ticket to the American dream," said [Burning Glass CEO Matt Sigelman], "and it turns out that it's a bust for half of students." The single greatest determinant of post-graduation employment prospects, according to the study, is a college student's major, or primary focus of study. It can be even more important than the type of institution one attends. Choosing a career-oriented major like nursing, as opposed to criminal justice, gives graduates a better shot at actually using, and getting compensated for the skills they acquire. Just 23% of nursing students are underemployed, versus 68% of criminal justice majors. However, focusing on science, technology, engineering and mathematics (STEM) subjects is not a guarantee of college-level employment and high wages, the study found. [...]

Many college graduates remain underemployed even 10 years after college, the study found. That may be because employers seeking college-level skills also tend to focus on job candidates' recent work experience, placing more emphasis on the latest jobs held by candidates who have spent years in the workforce, versus a degree that was earned a decade prior. "If you come out of school and work for a couple of years as waiter in a restaurant and apply for a college-level job, the employer will look at that work experience and not see relevance," Sigelman said.

The US Supreme Court is hearing oral arguments Monday in two cases that could dramatically reshape social media, weighing whether states such as Texas and Florida should have the power to control what posts platforms can remove from their services. From a report: The high-stakes battle gives the nation's highest court an enormous say in how millions of Americans get their news and information, as well as whether sites such as Facebook, Instagram, YouTube and TikTok should be able to make their own decisions about how to moderate spam, hate speech and election misinformation. At issue are laws passed by the two states that prohibit online platforms from removing or demoting user content that expresses viewpoints -- legislation both states say is necessary to prevent censorship of conservative users.

More than a dozen Republican attorneys general have argued to the court that social media should be treated like traditional utilities such as the landline telephone network. The tech industry, meanwhile, argues that social media companies have First Amendment rights to make editorial decisions about what to show. That makes them more akin to newspapers or cable companies, opponents of the states say. The case could lead to a significant rethinking of First Amendment principles, according to legal experts. A ruling in favor of the states could weaken or reverse decades of precedent against "compelled speech," which protects private individuals from government speech mandates, and have far-reaching consequences beyond social media. A defeat for social media companies seems unlikely, but it would instantly transform their business models, according to Blair Levin, an industry analyst at the market research firm New Street Research.

OpenAI, Microsoft, Nvidia, and Jeff Bezos are all part of a pack of investors in a business "developing human-like robots," reports Bloomberg, "according to people with knowledge of the situation..."

At the startup — which is named "Figure" — engineers "are working on a robot that looks and moves like a human. The company has said it hopes its machine, called Figure 01, will be able to perform dangerous jobs that are unsuitable for people and that its technology will help alleviate labor shortages." Figure is raising about $675 million in a funding round that carries a pre-money valuation of roughly $2 billion, said the people, who asked not to be identified because the matter is private. Through his firm Explore Investments LLC, Bezos has committed $100 million. Microsoft is investing $95 million, while Nvidia and an Amazon.com Inc.-affiliated fund are each providing $50 million... Other technology companies are involved as well. Intel Corp.'s venture capital arm is pouring in $25 million, and LG Innotek is providing $8.5 million. Samsung's investment group, meanwhile, committed $5 million. Backers also include venture firms Parkway Venture Capital, which is investing $100 million, and Align Ventures, which is providing $90 million...

The AI robotics industry has been busy lately. Earlier this year, OpenAI-backed Norwegian robotics startup 1X Technologies AS raised $100 million. Vancouver-based Sanctuary AI is developing a humanoid robot called Phoenix. And Tesla Inc. is working on a robot called Optimus, with Elon Musk calling it one of his most important projects. Agility Robotics, which Amazon backed in 2022, has bots in testing at one of the retailer's warehouses. Bloomberg calls the investments in Figure "part of a scramble to find new applications for artificial intelligence."

At CNN's product review site, one electronics reporter wrote they were "dumbfounded", "surprised," and "shocked" by the transparent screen on Lenovo's ThinkBook Transparent Display prototype. "This Micro LED screen is no slouch, either; a Full HD panel with up to 1,000 nits of brightness..." Let's get the big issue out of the way early: Lenovo is merely boasting what it can do, not what it will do. That's what a "concept" product means, of course. That said, it's still the most exciting thing I've seen in laptops in quite some time...

Thinking of major use cases for such a laptop, I basically considered any time you're out in public and want a more complete world view. While websites with white backgrounds look more opaque than transparent, the black backgrounds of a Notepad document and animations of space and fish fit the experience much better, as I could see the plants that Lenovo had placed behind the screen. The more websites use dark modes, the better this will go, too. Admittedly, I can also imagine some will blanch at the fact that such a laptop completely removes your privacy as a user. From those shopping for loved ones in the same room to those working on important business documents, the ThinkBook Transparent Display laptop could use a non-transparent mode, just like the LG OLED T offers. That said, I'm sure teachers would love to see what their kids are working on in the classroom.
The Verge calls it "an exceptionally cool-looking device that's capable of some fun novelties." The key draw is its bezel-less 17.3-inch MicroLED display, which offers up to 55 percent transparency when its pixels are set to black and turned off. But as its pixels light up, the display becomes less and less see-through, until eventually, you're looking at a completely opaque white surface with a peak brightness of 1,000 nits... How often, of course, do you actually want to see the empty desk behind your laptop? Would it be beneficial to be able to see your colleague sitting across from you, or would it be distracting? One of Lenovo's big ideas is that the form factor could be useful for digital artists, helping them to see the world behind the laptop's screen while sketching it on the lower half of the laptop where the keyboard is (more on this later).... 720p still feels like a very work-in-progress spec on a 17.3-inch laptop like this, but at least text shown on the screen during my demo was perfectly readable... Lenovo's transparent laptop concept feels like a collection of cool technologies in search of a killer app.
And yet Lenovo's executive director of ThinkPad portfolio and product Tom Butler tells the Verge he has "very high confidence" this will be in a real laptop within the next five years. (The Verge add that he "hopes that revealing this proof of concept will start a public conversation about what it could be useful for, setting a target for Lenovo to work toward.")

But would you use a laptop with a transparent screen?

Fast Company notes that "the deadly impacts of Pegasus and other cyberweapons — wielded by governments from Spain to Saudi Arabia against human rights defenders, journalists, lawyers and others — is by now well documented. A wave of scrutiny and sanctions have helped expose the secretive, quasi-legal industry behind these tools, and put financial strain on firms like Israel's NSO Group, which builds Pegasus.

"And yet business is booming." New research published this month by Google and Meta suggest that despite new restrictions, the cyberattack market is growing, and growing more dangerous, aiding government violence and repression and eroding democracy around the globe.

"The industry is thriving," says Maddie Stone, a researcher at Google's Threat Analysis Group (TAG) who hunts zero-day exploits, the software bugs that have yet to be fixed and are worth potentially hundreds of millions to spyware sellers. "More companies keep popping up, and their government customers are determined to buy from them, and want these capabilities, and are using them." For the first time, half of known zero-days against Google and Android products now come from private companies, according to a report published this month by Stone's team at Google. Beyond prominent firms like NSO and Candiru, Google's researchers say they are tracking about 40 companies involved in the creation of hacking tools that have been deployed against "high risk individuals."

Of the 72 zero-day exploits Google discovered in the wild between 2014 and last year, 35 were attributed to these and other industry players, as opposed to state-backed actors. "If governments ever had a monopoly on the most sophisticated capabilities, that era is certainly over," reads the report.

The Google findings and a spyware-focused threat report published by Meta a week later reflect an increasingly tough response by Big Tech to an industry that profits from breaking into its systems. The reports also put new pressure on the US and others to take action against the mostly unregulated industry.
"In its report, Google describes a 'rise in turnkey espionage solutions' offered by dozens of shady companies..."

Thanks to Slashdot reader tedlistens for sharing the article.

CNN reports: AT&T is reimbursing customers for the nearly 12-hour network outage on Thursday, the company announced in a news release. The mobile network will issue a $5 credit to "potentially impacted" AT&T Wireless customers, which it says is the "average cost of a full day of service."
The credit will be applied automatically "within 2 bill cycles," according to an announcement at the URL att.com/makeitright. "We recognize the frustration this outage has caused and know we let many of our customers down."

In a much smaller font, they note that the credit "does not apply to AT&T Business, AT&T Prepaid or Cricket.

More from CNN: AT&T had encountered sporadic service interruptions in the days leading up to the outage, including a temporary 911 outage in some parts of the southeast. While regional disruptions to wireless service happen occasionally, prolonged nationwide outages are rare. The Federal Communications Commission confirmed Thursday it was investigating the incident...

Several hours after service was restored, AT&T released an update stating the outage seemed to be the result of an internal issue, not a cybersecurity threat. "Based on our initial review, we believe that today's outage was caused by the application and execution of an incorrect process used as we were expanding our network," the company said.

On Saturday, AT&T reiterated it was taking steps "to prevent this from happening again in the future," but did not elaborate.

Since 2010, billionaire tech investor Peter Thiel has offered to pay about 20 students $100,000 to drop out of school each year "to start companies or nonprofits," reports the Wall Street Journal. His program has now backed 271 people, and this year the applicant pool "is bigger than ever."

So how's it going? Some big successes include Vitalik Buterin, co-founder of Ethereum, the blockchain network; Laura Deming, a key figure in venture investing in aging and longevity; Austin Russell, who runs self-driving technologies company Luminar Technologies; and Paul Gu, co-founder of consumer lending company Upstart...

Thiel and executives of the fellowship acknowledge they have learned painful lessons along the way. Some applicants pursued ambitious ideas that turned out to be unrealistic, for example. "Asteroid mining is great for press releases but maybe we should have pushed back early on," he says. Others were better at applying to be Thiel fellows than they were starting businesses, it turned out... They've also learned that lone geniuses with brilliant ideas aren't usually the kinds of people who can build organizations. "It's a team sport to get something going and build on it, you can't just be a mad genius, you have to have some social skills and emotional intelligence," says Michael Gibson, an early leader of the organization who is co-founder of a venture fund that invests primarily in those who don't have a college degree...

Thiel hasn't attempted to build a better education system, which program officials acknowledge has made it harder to develop talent in the program... Thiel fellows say they don't receive much more than funding from the program and have limited contact with Thiel, though access to a network of former Thiel fellows can be useful. "Meeting some of the other members inspires you to think bigger," says Boyan Slat, a 2016 Thiel fellow who is chief executive of The Ocean Cleanup, a Netherlands-based nonprofit developing technologies to remove plastic from oceans. Slat says he has spoken to Thiel "three or four times."

As a result, Thiel and other staffers have concluded they can't grow beyond the 20 or so young people chosen as fellows each year. "If you scale the program," Thiel says, "you will have a lot more people who aren't quite ready, you would then have to be super-confident you can develop them" — which Thiel and his colleagues say they aren't skilled at doing... About a quarter of the Thiel fellows eventually returned to college to finish their degrees, suggesting that even the dropouts see enduring value in higher education.

Thiel says they "got way more out of it by going back" after launching their businesses.

"The other 75% didn't need a college degree," he says.

"If you drive a car in California, you may be in for a payday thanks to a lawsuit alleging privacy violations by a Texas company," report SFGate: The 2021 lawsuit, given class-action status in September, alleges that Digital Recognition Network is breaking a California law meant to regulate the use of automatic license plate readers. DRN, a Fort Worth-based company, uses plate-scanning cameras to create location data for people's vehicles, then sells that data to marketers, car repossessors and insurers.

What's particularly notable about the case is the size of the class. The court has established that if you're a California resident whose license plate data was collected by DRN at least 15 times since June 2017, you're a class member. The plaintiff's legal team estimates that the tally includes about 23 million people, alleging that DRN cameras were mounted to cars on public roads. The case website lets Californians check whether their plates were scanned.

Barring a settlement or delay, the trial to decide whether DRN must pay a penalty to those class members will begin on May 17 in San Diego County Superior Court... The company's cameras scan 220 million plates a month, its website says, and customers can use plate data to "create comprehensive vehicle stories."
A lawyer for the firm representing class members told SFGATE Friday that his team will try to show DRN's business is a "mass surveillance program."

On Wednesday Boeing "removed executive Ed Clark, the head of its 737 Max passenger jet program," reports CNN, "after a dramatic — and terrifying — midair blowout in January underscored ongoing problems with the jet." A preliminary report by the National Transportation Safety Board found that the four bolts that should have held the door plug in place were missing when the plane left Boeing's factory. The NTSB report did not assess blame for the missing bolts and the accident but in a statement to investors before the findings were released, Boeing CEO Dave Calhoun assumed responsibility for the incident. "We caused the problem, and we understand that," he told investors during a call after reporting the latest quarterly loss at the company. "Whatever conclusions are reached, Boeing is accountable for what happened."

Clark, who had been at Boeing for 18 years, had only been in charge of the Max program since March of 2021, assuming that title after the jets had been returned to service following the crashes. But he had previously held roles related to the 737 Max, including as chief engineer and chief 737 mechanic.

With the news of Clark's departure, Boeing also announced a shuffling of a number of executives in its Boeing Commercial Airplanes unit. It created a new executive position, Senior Vice President for BCA Quality, and named Elizabeth Lund to that position.

"Crypto mines will have to start reporting their energy use in the U.S.," wrote the Verge in January, saying America's Energy department would "begin collecting data on crypto mines' electricity use, following criticism from environmental advocates over how energy-hungry those operations are."

But then "constitutional freedoms" group New Civil Liberties Alliance (founded with seed money from the Charles Koch Foundation) objected. And "on behalf of its clients" — the Texas Blockchain Council and Colorado bitcoin mining company Riot Platforms — the group said it "looks forward to derailing the Department of Energy's unlawful data collection effort once and for all."

While America's Energy department said the survey would take 30 minutes to complete, the complaint argued it would take 40 hours. According to the judge, the complaint "alleged three main sources of irreparable injury..."

- Nonrecoverable costs of compliance with the Survey
- A credible threat of prosecution if they do not comply with the Survey
- The disclosure of proprietary information requested by the Survey, thus risking disclosure of sensitive business strategy

But more importantly, the survey was implemented under "emergency" provisions, which the judge said is only appropriate when "public harm is reasonably likely to result if normal clearance procedures are followed."

Or, as Semafor.com puts it, the complaint was "seeking to push off the reporting deadline, on the grounds that the survey was rushed through...without a public comment period." The judge, Alan Albright, granted the request late Friday night, blocking the [Department of Energy's Information Administration] from collecting survey data or requiring bitcoin companies to respond to it, at least until a more comprehensive injunction hearing scheduled for Feb. 28. The ruling also concludes that the plaintiffs are "likely to succeed in showing that the facts alleged by the U.S. Energy Information Administration to support an emergency request fall far short of justifying such an action."
The U.S. Department of Energy is now...

• Restrained from requiring Plaintiffs or their members to respond to the Survey
• Restrained from collecting data required by the Survey
• "...and shall sequester and not share any such data that Defendants have already received from Survey respondents."

Thanks to long-time Slashdot reader schwit1 for sharing the news.

Kalyeena Makortoff reports via The Guardian: US regulators have accused a man of making $1.8 million by trading on confidential information he overheard while his wife was on a remote call, in a case that could fuel arguments against working from home. The Securities and Exchange Commission (SEC) said it charged Tyler Loudon with insider trading after he "took advantage of his remote working conditions" and profited from private information related to the oil firm BP's plans to buy an Ohio-based travel centre and truck-stop business last year.

The SEC claims that Loudon, who is based in Houston, Texas, listened in on several remote calls held by his wife, a BP merger and acquisitions manager who had been working on the planned deal in a home office 20ft (6 meters) away. The regulator said Loudon went on a buying spree, purchasing more than 46,000 shares in the takeover target, TravelCenters of America, without his wife's knowledge, weeks before the deal was announced on 16 February 2023. TravelCenters's stock soared by nearly 71% after the deal was announced. Loudon then sold off all of his shares, making a $1.8m profit.

Loudon eventually confessed to his wife, and claimed that he had bought the shares because he wanted to make enough money so that she did not have to work long hours anymore. She reported his dealings to her bosses at BP, which later fired her despite having no evidence that she knowingly leaked information to her husband. She eventually moved out of the couple's home and filed for divorce.

An anonymous reader quotes a report from the Hollywood Reporter: Over the past four years, Tyler Perry had been planning an $800 million expansion of his studio in Atlanta, which would have added 12 soundstages to the 330-acre property. Now, however, those ambitions are on hold -- thanks to the rapid developments he's seeing in the realm of artificial intelligence, including OpenAI's text-to-video model Sora, which debuted Feb. 15 and stunned observers with its cinematic video outputs. "Being told that it can do all of these things is one thing, but actually seeing the capabilities, it was mind-blowing," he said in an interview with The Hollywood Reporter on Thursday, noting that his productions might not have to travel to locations or build sets with the assistance of the technology.

As a business owner, Perry sees the opportunity in these developments, but as an employer, fellow actor and filmmaker, he also wants to raise the alarm. In an interview between shoots Thursday, Perry explained his concerns about the technology's impact on labor and why he wants the industry to come together to tackle AI: "There's got to be some sort of regulations in order to protect us. If not, I just don't see how we survive." What in particular was shocking to you about its capabilities?

Perry: I no longer would have to travel to locations. If I wanted to be in the snow in Colorado, it's text. If I wanted to write a scene on the moon, it's text, and this AI can generate it like nothing. If I wanted to have two people in the living room in the mountains, I don't have to build a set in the mountains, I don't have to put a set on my lot. I can sit in an office and do this with a computer, which is shocking to me. It makes me worry so much about all of the people in the business. Because as I was looking at it, I immediately started thinking of everyone in the industry who would be affected by this, including actors and grip and electric and transportation and sound and editors, and looking at this, I'm thinking this will touch every corner of our industry.

How are you thinking about approaching the threat that AI poses to certain job categories at your studio and on your productions?

Perry: Everything right now is so up in the air. It's so malleable. The technology's moving so quickly. I feel like everybody in the industry is running a hundred miles an hour to try and catch up, to try and put in guardrails and to try and put in safety belts to keep livelihoods afloat. But me, just like every other studio in town, we're all trying to figure it all out. I think we're all trying to find the answers as we go, and it's changing every day -- and it's not just our industry, but it's every industry that AI will be affecting, from accountants to architects. If you look at it across the world, how it's changing so quickly, I'm hoping that there's a whole government approach to help everyone be able to sustain.

You can read the full interview here.

An anonymous reader shares a report: Beware the apes, Reddit told the world in its IPO documents, though not in such explicit terms. Put simply, the company warned potential investors that one of its subreddits, the infamous r/WallStreetBets, could make its stock price and volume extremely volatile -- and there's little Reddit can do about it. Reddit listed r/WallStreetBets as one of the possible risks to investing in the company in its S-1 form on Thursday, referencing the subreddit's role in the meme stock craze of 2021, where retail investors banded together to raise the price of struggling companies like GameStop and AMC. The goal of r/WallStreetBets back then was to screw over professional investors on Wall Street and make them lose money for betting against certain companies.

It's entirely possible that the everyday people on r/WallStreetBets, a subreddit of 15 million retail investors who refer to themselves as "apes" and "degenerates," and other online forums could do the same thing with Reddit's stock, the company stated. Reddit writes: "Given the broad awareness and brand recognition of Reddit, including as a result of the popularity of r/ wallstreetbets among retail investors, and the direct access by retail investors to broadly available trading platforms, the market price and trading volume of our Class A common stock could experience extreme volatility for reasons unrelated to our underlying business or macroeconomic or industry fundamentals."

The volatility could cause people to lose all or part of their investment, the company explained, if they are unable to sell their shares at or above the IPO price. The long-term effect of movements like those propelled by r/WallStreetBets is already documented, with the takeaway being that surges of interest and heavy investment don't necessarily bring success to companies over time.

Dell's "return to office" mandate has left employees confused about which offices they can use and the future of their jobs -- and concerned the initiative is a stealth layoff program that will disproportionately harm women at the IT giant. From a report: As El Reg broke this month, Dell told employees they each needed to choose between resuming a hybrid work schedule -- working from a corporate office part of the time -- or continue working remotely. Those who chose to remain as remote workers were effectively making a career-limiting decision.

The implications of choosing to work remotely, we're told, are: "1) no funding for team onsite meetings, even if a large portion of the team is flying in for the meeting from other Dell locations; 2) no career advancement; 3) no career movements; and 4) remote status will be considered when planning or organization changes -- AKA workforce reductions." Another employee said: "Choosing to be remote does indeed put career advancement at a standstill. If you choose to accept a promotion after going remote, that comes with the requirement of being in office 39 days out of the quarter" and you have to reclassify yourself as hybrid. The employee continued: "Even if you choose to make a lateral career move, the same expectation applies. In-role promotions are possible, but rare enough to not be a realistic option."

Tech companies are famous for coddling their workers, but after mass layoffs the industry's culture has shifted. Engineers say that getting hired can require days of work on unpaid assignments. From a report: Nearly a dozen engineers, hiring managers, and entrepreneurs who spoke with WIRED describe an environment in which technical job applicants are being put through the wringer. Take-home coding tests used to be rare, deployed only if an employer needed to be further convinced. Now interviewees are regularly given projects described as requiring just two to three hours that instead take days of work.

Live-coding exercises are also more intense, industry insiders say. One job seeker described an experience where an engineering manager said during an interview, "OK, we're going to build a To Do List app right now," a process that might normally take weeks.

Emails reviewed by WIRED showed that in one interview for an engineering role at Netflix, a technical recruiter requested that a job candidate submit a three-page project evaluation within 48 hours -- all before the first round of interviews. A Netflix spokesperson said the process is different for each role and otherwise declined to comment. A similar email at Snap outlined a six-part interview process for a potential engineering candidate, with each part lasting an hour. A company spokesperson says its interview process hasn't changed as a result of labor market changes.

Nvidia hit $2 trillion in market value on Friday, riding on an insatiable demand for its chips that made the Silicon Valley firm the pioneer of the generative AI boom. From a report: The milestone followed another bumper revenue forecast from the chip designer that drove up its market value by $277 billion on Thursday - Wall Street's largest one-day gain on record. Its rapid ascent in the past year has led analysts to draw parallels to the picks and shovels providers during the gold rush of 1800s as Nvidia's chips are used by almost all generative AI players from chatGPT-maker OpenAI to Google.

In its fourth quarter earnings statement on Thursday, Mercedes-Benz said it is backing off its plan to only sell electric vehicles after 2030. Instead, the company said it "only expects 50 percent of its sales to be all-electric -- a significant drop from the once rosier outlook," reports The Verge. "Gas and hybrid vehicles will remain a part of the company's future for years to come." From the report: "Customers and market conditions will set the pace of the transformation," Mercedes said in its report. "The company plans to be in a position to cater to different customer needs, whether it's an all-electric drivetrain or an electrified combustion engine, until well into the 2030s."

Not even in Europe, where EV sales growth outpaces North America's, does Mercedes expect to transition to EV-only sales anytime soon, the company's CEO Ola Kallenius told Reuters. "It's not going to be 100% in 2030, obviously... from the whole European market, but probably from the Mercedes side as well," he said. In 2021, Mercedes was a lot more bullish about plug-in powertrains, saying that by 2030 it would only sell EVs and completely phase out gas-powered vehicles.