Tag: genesis

The camera never lied… until AI told it to
Technology

The camera never lied… until AI told it to

[ad_1] An amateur photographer who goes by the name "ibreakphotos" decided to do an experiment on his Samsung phone last month to find out how a feature called "space zoom" actually works.The feature, first released in 2020, claims a 100x zoom rate, and Samsung used sparkling clear images of the Moon in its marketing. Ibreakphotos took his own pictures of the Moon -- blurry and without detail -- and watched as his phone added craters and other details. The phone's artificial intelligence software was using data from its "training" on many other pictures of the Moon to add detail where there was none."The Moon pictures from Samsung are fake," he wrote, leading many to wonder whether the shots people take are really theirs anymore -- or if they can even be described as photographs.Samsung...
Google Cuts Add to Tech Wipeout That’s Claimed Over 100,000 Jobs
Technology

Google Cuts Add to Tech Wipeout That’s Claimed Over 100,000 Jobs

[ad_1] Alphabet Inc.'s plan to reduce headcount by more than 6% — about 12,000 roles — is adding to mass job cuts that are accelerating at technology companies around the world.The tech sector announced 97,171 job cuts in 2022, up 649% compared to the previous year, according to consulting firm Challenger, Gray & Christmas Inc. Disclosures about cuts at Google's parent company, Microsoft Corp., and Amazon.com Inc. have added another 30,000 positions in January.Big tech companies like these benefitted from a boom in e-commerce spending and remote work that kicked off during the Covid-19 pandemic lockdowns in 2020. Now, many of these businesses are reporting disappointing growth rates and dealing with sagging share prices as customer behavior returns to normal. Their leaders are sayi...
Alameda Bet Big on Crypto Miner Genesis Before Sector Implosion
Technology

Alameda Bet Big on Crypto Miner Genesis Before Sector Implosion

[ad_1] One of the bigger questions surrounding the collapse of Sam Bankman-Fried’s crypto empire is what venture investments his trading firm Alameda poured billions of dollars in. One of the bigger questions surrounding the collapse of Sam Bankman-Fried's crypto empire is what venture investments his trading firm Alameda Research poured billions of dollars in.It appears his largest bet was on the Bitcoin mining company Genesis Digital Assets during the height of the crypto gold rush. Alameda continued to pour money into the firm even as the price of Bitcoin tumbled and soaring energy costs wreaked havoc across the industry. Alameda has invested a total of about $1.15 billion in Genesis Digital, valuing the company at $5.5 billion in an April fund-raising round, according to an intern...
From Genesis to Gemini, How FTX’s Collapse Signals No One Is Safe
Technology

From Genesis to Gemini, How FTX’s Collapse Signals No One Is Safe

[ad_1] The fallout from FTX’s collapse shows few signs of easing as the crypto industry reckons with direct exposures, plunging token prices, and newfound skepticism. The fallout from FTX's collapse shows few signs of easing as the crypto industry reckons with direct exposures, plunging token prices, and newfound skepticism of even long-established participants.Less than a week after Sam Bankman-Fried's empire filed for Chapter 11 bankruptcy, digital-asset brokerage Genesis said it will halt lending redemptions after revealing last week that its derivatives business had $175 million locked in an FTX trading account. Crypto exchange Gemini announced customer withdrawals are being delayed from its yield-generating product, given Genesis's role as a key partner in the program. And that's...