💪 100x more powerful ChatGPT model is coming

Greetings! Your latest quick tech update is here 🤖

What’s happening:

• 💪 100x more powerful ChatGPT model is coming

• 🚫 $51K fine now applies for fake online reviews

• 🚗 Tesla scraps $25K car with steering wheel

• 💼 Microsoft CEO sees 63% pay rise amid layoffs

• 🖥️ Apple teases new M4 Macs next week

• + 📊 Daily poll and results

• + 📈 Trending tools and resources

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Hand-picked news:

💪 100x more powerful ChatGPT model is coming ↗️LINK

• What: OpenAI plans to launch Orion, its next advanced AI model, by December. Initially, Orion will be available only to select partner companies, like Microsoft, to build new AI-driven products. The model could be 100 times more powerful than GPT-4, according to an OpenAI executive, and is separate from the recently released o1 model.

• Why: This model’s release follows OpenAI’s recent $6.6 billion funding round and aligns with the company’s goal to create models that may eventually achieve artificial general intelligence (AGI). With Orion, OpenAI aims to surpass GPT-4’s capabilities significantly.

• Impact: Orion's limited release approach could bring unique, powerful AI applications to market faster, helping OpenAI maintain its lead in generative AI. The move also comes amid major staff departures, adding to pressure on OpenAI as it enters this next phase.

🚫 $51K fine now applies for fake online reviews ↗️LINK

• What: The Federal Trade Commission (FTC) has imposed a ban on fake online reviews, with fines up to $51,744 for anyone involved in creating, buying, or selling them. The rule also applies to AI-generated reviews, deceptive endorsements, and undisclosed reviews by affiliates, family, or employees, and prohibits incentivizing such reviews or suppressing negative feedback.

• Why: Fake reviews deceive consumers and harm honest businesses by skewing competition. FTC Chair Lina Khan emphasized the rule’s role in fostering fair and transparent marketplaces, protecting consumers from misleading advertising.

• Impact: The FTC's new rule signifies a tougher stance on digital honesty, reinforcing recent moves by platforms like Google and Firefox to detect and restrict fake reviews, helping consumers make informed purchasing decisions.

🚗 Tesla scraps $25K car with steering wheel ↗️LINK

• What: Elon Musk’s 2020 plan for a $25,000 Tesla with a steering wheel has officially been shelved. On Tesla’s recent earnings call, Musk dismissed the idea as “pointless,” instead favoring the “Cybercab” robotaxi concept, which eliminates traditional controls.

• Why: Musk’s shifting focus toward full autonomy meant a manually drivable budget Tesla became less feasible. Although some Tesla execs kept advocating for a traditional vehicle, Musk doubled down on his vision of a car designed solely for autonomous use.

• Impact: Tesla fans awaiting an affordable EV with traditional controls may be left waiting, as Tesla now appears focused on cutting costs for existing models rather than launching a brand-new, low-cost vehicle. This evolution underscores Tesla's pivot from mass-market EVs to autonomous technology.

💼 Microsoft CEO sees 63% pay rise amid layoffs ↗️LINK

• What: Microsoft CEO Satya Nadella’s compensation rose 63% to $79.1 million for 2024, reflecting the company's increased valuation despite two rounds of layoffs affecting 2,550 employees, including a 650-person cut in Xbox.

• Why: Nadella’s pay boost follows strong financials driven by Microsoft's AI ventures and its acquisition of Activision Blizzard King, adding franchises like "Candy Crush" and "Warcraft" and expanding its player base.

• Impact: While employees faced job cuts, Microsoft's market value surpassed $3 trillion. With gaming expansion into Nintendo and Sony platforms, Microsoft aims to leverage cross-platform growth.

🖥️ Apple teases new M4 Macs next week ↗️LINK

• What: Apple has announced a "week of announcements" beginning October 28, hinting strongly at new M4-powered Macs. Expected reveals include refreshed iMacs, MacBook Pros, and possibly a new Mac mini.

• Why: Apple’s timing aligns with the holiday shopping season, setting up its latest products, including recently launched iPad Mini, to attract buyers and boost sales.

• Impact: Alongside the hardware reveals, Apple will launch updates introducing its Apple Intelligence features across iPhone, iPad, and Mac, expanding its AI-driven user experience.

Today’s Poll:

Vote and find out about the result tomorrow.

Yesterday’s Poll Result:

AGI Readiness: Urgent or Overblown Concern?

• A) Urgent – We’re not ready for AGI’s risks - 71% 👑

• B) Overblown – AGI is still far off - 29%

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