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TechCrunch
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xAI adds image understanding capabilities to Grok
- Elon Musk-owned xAI has added image-understanding capabilities to its Grok AI model.
- Paid users on X social platform can now upload images and ask the AI chatbot questions about them.
- Grok can explain the meaning of a joke through the new image understanding feature, although it is still in early stages.
- Grok is set to soon understand documents as well, improving its capabilities in a shorter time frame compared to others.
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Medium
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The story of Elon Musk buying Twitter (Best Startup Dramas 2024)
- Elon Musk revealed he had quietly amassed a 9.2% stake in Twitter, making him the largest individual shareholder.
- He declined the offer to join Twitter's board of directors and made an offer to buy the company for $44 billion.
- Twitter’s executives and legal team began exploring ways to fend off Musk's advances.
- Musk secured $46.5 billion in financing to fund the takeover, including $21 billion of his own money.
- Musk began to express concerns about Twitter's data on spam bots.
- Twitter's board took the unprecedented step of suing Musk in Delaware’s Court of Chancery on July 12, 2022.
- On October 4, 2022, Musk announced that he would proceed with the acquisition after all.
- Once Musk took control of Twitter, he fired several top executives and dissolved the board of directors.
- Critics argue that Musk's vision of a more open, less moderated Twitter is leading to an increase in hate speech, disinformation, and harassment.
- Elon Musk’s acquisition of Twitter has reshaped the platform in ways no one could have predicted.
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Coin Telegraph
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Hacker behind fake Bitcoin ETF tweet pleads not guilty
- Eric Council Jr. pleads not guilty in the courtroom for his involvement in hacking the SEC's X account.
- Council entered a plea of not guilty for one charge of conspiracy to commit aggravated identity theft and access device fraud.
- He was allegedly part of a group that hacked the SEC's X account and posted a fake tweet about the approval of spot Bitcoin ETFs.
- The tweet has been removed.
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Siliconangle
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Bluesky raises $15M to expand decentralized social network and developer ecosystem
- Bluesky, the decentralized social network, has raised $15 million in funding.
- The funding will be used to expand the user base, enhance the developer ecosystem, and build new features prioritizing user empowerment and safety.
- Bluesky offers a decentralized social network that allows users to choose their own algorithms and moderation systems.
- The funding round was led by Blockchain Capital, with participation from other investors. Bluesky plans to develop a subscription model for additional features.
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TechCrunch
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X’s India revenue falls 90%, filing shows
- X's revenue in India plummeted 89.8% to $2.51 million in the financial year ending March.
- Expenses in India were significantly reduced to $2.2 million from $20 million year-over-year.
- Despite the revenue drop, the India unit reported a profit of $380,000, down from $3.62 million in the prior year.
- The reasons for the decline in revenue are unclear, but it coincides with widespread layoffs and global struggles to retain advertisers.
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Eweek
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6 Best AI Social Media Tools for 2024
- Artificial intelligence (AI) social media apps enhance and optimize social media marketing efforts by helping automate content creation and scheduling, providing better monitoring and audience-targeting capabilities, and increasing engagement.
- Canva was chosen as the best AI tool for social media, ranking first in cost and ease of use.
- The six best AI social media tools in 2024 include Canva, HubSpot Marketing Hub, ContentStudio, Zoho Social, Buffer, and Hootsuite.
- Other key features of AI social media tools include scheduling and publishing, content personalization and repurposing, social listening, reporting and analytics, and templates and assets.
- Each AI social media tool was evaluated based on six major criteria: core features, pricing, ease of use, customization, integrations, and customer support.
- AI social media tools can help businesses analyze data, monitor metrics, engage with followers, and optimize social media strategies.
- By leveraging AI, organizations can greatly improve their social media reach and achieve far better results.
- Choosing the best AI social media software can give companies a competitive edge, drive engagement, and increase ROI.
- AI social media tools can generate personalized content suggestions, repurpose existing content, and transform them into various formats to extend reach and lifecycle.
- Hootsuite was chosen as the best AI tool for managing multiple social media channels.
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Insider
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Meta is banning accounts that track the jets of celebrities like Elon Musk and Taylor Swift. It's not a bad idea.
- Meta, the parent company of Instagram, is banning accounts that track the jets of celebrities like Elon Musk and Taylor Swift.
- The accounts, which used public flight data, have been suspended on Instagram's Threads.
- Meta's rationale for the ban is to protect the privacy and physical safety of individuals.
- While the move aligns with Meta's policy on privacy, the company has not provided a specific explanation for suspending the accounts now after months of activity.
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Insider
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Ex-Twitter CEO Parag Agrawal has moved his AI startup out of stealth, calling it Parallel
- Parag Agrawal, former CEO of Twitter, has revealed the name of his AI startup: Parallel Web Systems.
- The startup, based in Palo Alto, California, has raised around $30 million in funding and is building an API for AIs using web data.
- Parallel's website states that it aims to develop systems for advanced AIs to work with the web, predicting that AI usage on the web will increase significantly.
- Agrawal was fired by Elon Musk following Musk's acquisition of Twitter, and he, along with other former Twitter executives, filed a $128 million lawsuit against Musk.
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Dev
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How to Use Twitter and Not Want to Kill Yourself
- 1. Curate Your Tech Circle - Follow accounts that inspire you in the software development space.
- 2. Diversify Your Timeline - Follow people outside of software development who share your other interests.
- 3. Engage with Others - Like, reply, and repost to engage in meaningful conversations.
- 4. Don’t Sweat the Engagement - Be patient and keep sharing content to build your audience.
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Minis
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Google responds to Shah Rukh Khan's ‘Google Me’ remark at Locarno Film Festival
- Shah Rukh Khan, at the 77th Locarno Film Festival, received the Pardo alla Carriera, marking the first time an Indian celebrity was honored with this lifetime achievement award.
- During his masterclass, he humorously advised fans who didn’t know him to “Google me and then come back!” Google India playfully responded on X, tagging him with a crown emoji.
- Fans praised Shah Rukh, calling him the “King Khan.” Reflecting on his career, Shah Rukh mentioned collaborating with renowned directors and expressed admiration for Southern Indian cinema. His upcoming film, “King,” directed by Sujoy Ghosh, features his daughter Suhana Khan.
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Minis
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65-year-old CEO turned at least 88% of his employees into millionaires after selling his company for $70 million
- Jay Chaudhry, founder of Zscaler, turned 88% of his SecureIT employees into millionaires by selling the company to VeriSign for $70 million in 1998.
- Chaudhry, now CEO of Zscaler, sold his first startup in an all-stock deal that benefited over 70 of his 80 employees as VeriSign's stock price soared by 2,300%. Many employees bought new homes and cars, and one took a six-month road trip.
- Chaudhry's bootstrapping approach allowed him to distribute more equity to employees, significantly impacting their financial futures. This mirrors Mark Cuban’s practice of rewarding employees with bonuses after selling companies.
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Minis
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912
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‘Elon Musk never really wanted to be a CEO’: Tech billionaire reacts to X post
- Elon Musk acknowledged an X post claiming he never aspired to be a CEO, affirming it with a simple "True."
- The post highlighted his intense work ethic, citing his history of rewriting code and working 120-hour weeks. Musk's earlier statement expressed a preference for focusing on product and technology rather than CEO responsibilities.
- X users responded with admiration for Musk's humility and work ethic. This incident adds to Musk's online presence, known for candid interactions and insights into his mindset.
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Minis
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Elon Musk reportedly took ketamine, had affair with Google co-founder’s ex-wife
- According to a New York Times report, Elon Musk had an affair with Nicole Shanahan, the ex-wife of Google co-founder Sergey Brin, in 2021.
- This affair reportedly led to Shanahan's separation and divorce from Brin, with Shanahan receiving a $1 billion settlement. The report also revealed that Shanahan and Musk took ketamine together during a party. Despite denials from both parties, the revelations have caused a stir.
- Shanahan, now Robert F. Kennedy Jr.'s vice presidential pick, has a history of using various recreational drugs and frequently socialized with Silicon Valley elites during her marriage to Brin.
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Minis
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Man’s post on ‘unnecessary family ties’ at Indian workplace strikes a chord with people
- The viral post by X user Siddharth sheds light on a prevalent phenomenon in Indian workplaces – the manipulation of employees through "unnecessary family ties.
- Siddharth's assertion that employers exploit these ties to extract more work without adequate compensation resonates deeply with many. His call for professionalism underscores the importance of maintaining clear boundaries in professional relationships, rather than succumbing to emotional coercion.
- This conversation reflects a growing awareness among workers about the need to prioritize their own worth and not fall prey to tactics aimed at undervaluing their contributions.
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Minis
8M
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Man joins interview link for HR round, ends up losing ₹2.5 lakh; here's what happened
- Product designer Naved Alam fell prey to a scam on Twitter, losing $3000 (₹2.5 lakh). Initially approached about a design role by @crankybugatti, the conversation shifted to Discord for an HR call.
- Unbeknownst to Alam, the call link was a trap. He continued, "I downloaded what I thought was an in-house communication app for the call. Instead, it was malware that drained my @phantom wallet and liquidated my staked assets on @KaminoFinance."
- "In a matter of moments, I lost $3000 to scammers who prey on unsuspecting individuals looking for legitimate opportunities, He wrote on X.
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