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Author: Febin Mathew

Febin Mathew, Co-Founder & Editor at ReturnByte, reports on modern technology advanced including AI & Robotics. He has been helping people figure out their tech to make informed choices. Being a creative expressionist, he loves capturing aesthetic visuals that build narratives. For leisure, he loves gaming, riding motorcycles and hiking. Follow him @febinmathew7 on Instagram
ShadowVault is an infostealer malware that can steal sensitive information from unsecure MacBooks. (Pexels) News 

Rise in Online Fraud Prompts Warning of New Mac Malware Capable of Stealing Funds

Febin Mathew, ,

India has witnessed a surge in cyber crimes, including online scams, in recent months. According to a report, a man from Mumbai lost Rs. 2.65 lakh after falling victim to an online scam while purchasing sweets. This incident is reminiscent of actress Shubhangi Atre’s experience last year, where she lost Rs. 2.24 lakh to a similar scam. These cases serve as a reminder that no one is immune to these cyber criminals, and even seemingly harmless activities like buying sweets can lead to the loss of one’s life savings. Adding…

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27% of jobs at high risk from AI! (Bloomberg) AI 

OECD Warns of AI Revolution’s Impact on Employment Levels

Febin Mathew,

According to the OECD, over 25% of jobs within the organization are dependent on skills that could be easily automated in the upcoming artificial intelligence revolution. This has led to concerns among workers who worry about the possibility of losing their jobs to AI. The Organization for Economic Co-operation and Development (OECD) is a 38-member bloc that covers mostly wealthy nations, but also some emerging economies such as Mexico and Estonia. There is little evidence that the emergence of artificial intelligence will have a significant impact on jobs so far,…

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Anthropic released a new version of its AI bot, named Claude. (AP) AI 

Anthropic Launches Updated Version of ChatGPT Competitor, Claude

Febin Mathew, ,

Anthropic, a startup specializing in artificial intelligence, has unveiled Claude, the latest iteration of its AI chatbot, which aims to be a more secure and reliable option. Anthropic said Claude 2 is available to anyone in the U.S. or U.K. online at claude.ai, and businesses can access it through an API. The new release on Tuesday comes several months after Anthropic began offering an earlier version of Claude to companies that wanted to add it to their products. The bot was previously tested by a handful of companies, including Quora…

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In the fast growing generative AI race, Amazon is trying to differentiate itself from competitors by adopting a low-cost approach towards cloud computing. AI 

Amazon To Invest In Low-Cost Generative AI Cloud Computing

Febin Mathew, ,

On Tuesday, an executive stated that Amazon’s cloud division is striving to differentiate itself from competitors who are believed to have an advantage in artificial intelligence by focusing on price competition. The AI models behind a viral chatbot like ChatGPT require enormous computing power to train and operate, costs that Amazon Web Services (AWS) is good at reducing, said Dilip Kumar, vice president overseeing its applications group. A possible plus is that a company like Google has its own chips for artificial intelligence. “These models are expensive,” Kumar told the…

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Computer programmers are also looking to AI to suggest code for Nasdaq's business, Peterson said. Marketers are exploring how ChatGPT-style programs can draft blogs. (Unsplash) AI 

Nasdaq Engineers Embrace Generative AI Technology

Febin Mathew,

According to Nasdaq’s chief technology and chief information officer, as the use of advanced artificial intelligence continues to grow, a division is becoming apparent within the corporate sector. While engineers and marketers are enthusiastically adopting this technology, lawyers are showing less enthusiasm. At Nasdaq, which operates exchanges and sells technology to global markets, employees across departments are exploring new ways to use new artificial intelligence, Brad Peterson said at the Reuters MOMENTUM conference in Austin. One unit organized a “hackathon,” or collaborative design event, about so-called generative artificial intelligence, a…

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FILE PHOTO: ChatGPT logo and AI Artificial Intelligence words are seen in this illustration taken, May 4, 2023. REUTERS/Dado Ruvic/Illustration/File Photo (REUTERS) AI 

Rise of AI Causes Growing Anxiety Over Potential Job Losses

Febin Mathew

According to a study conducted by the OECD, the current effect of the swift expansion of Artificial Intelligence on employment is minimal. However, the study highlights the substantial potential for this technology to replace jobs, which has led to growing concerns among workers about their future. Early adopters of AI are reluctant to lay off staff, and it can improve working life by helping with laborious and dangerous tasks. According to a survey of 2,000 employers and 5,300 employees in industry and finance in seven OECD countries. The organization said…

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"You will never ever have the chance to acquire again." News 

Rolls-Royce Disallows Profits from Reselling its New Electric Vehicle

Febin Mathew, ,

The Spectre, the inaugural electric vehicle from Rolls-Royce, will soon be available for purchase at a hefty price of $425,000. However, due to the limited availability, acquiring a slot will be quite challenging. Those considering buying one with the intention of reselling it for a quick profit should reconsider their plans. CEO Torsten Müller-Ötvös has stated that customers who attempt to profit from reselling their Spectre models will face a lifetime ban from purchasing any future Rolls-Royce vehicles from authorized dealers, as reported by Car Dealer. “I can tell you…

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Programs meant to detect the use of AI in content have been found to discriminate against non-native English speakers. (Unsplash) AI 

Study reveals AI detection programs are biased against non-native English speakers

Febin Mathew

A recent study has shed light on discrimination not only being limited to humans in society, but also extending to generative AI. The rise in popularity of generative AI, particularly with the introduction of ChatGPT, has prompted the development of AI detection programs to prevent misuse, such as cheating in exams. These programs analyze content to determine if it was authored by a human or an AI. However, these programs are now facing allegations of exhibiting alarming discrimination against individuals who are non-native English speakers. Yes, Generative AI has been…

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The system can now digest hundreds of pages of user-input documents at a time. AI 

Anthropic unveils Claude 2, a more advanced and less naive AI chatbot

Febin Mathew,

Anthropic has released an upgraded version of its open-source ChatGPT competitor, Claude, a mere five months after its initial launch. This improved version boasts extended responses, enhanced justifications, reduced instances of hallucinations, and overall superior performance. Additionally, Claude now achieves a remarkable score in the 90th percentile among graduate school applicants on the GRE reading and writing tests. An updated version, Claude 2, is available today for users in the US and UK. It can now handle up to 100,000 characters—that’s about 75,000 words or a few hundred pages of…

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The series premieres on August 23rd with two episodes. Reviews 

Preview of ‘Star Wars: Rebels’ Reunion in ‘Ahsoka’ Trailer Revealed

Febin Mathew, ,

The release of the highly-anticipated Disney+ Star Wars: Ahsoka series in August is quickly approaching, and fans of the animated Star Wars: Rebels series are in for a treat with an exciting new trailer. Packed with thrilling action, the trailer features beloved Rebels characters such as Hera Syndula, Sabine Wren, Chopper, Ezra Bridger, and even the series’ antagonist, Grand Admiral Thrawn, making live-action appearances. The show takes place in the same timeline as The Mandalorian, but stars Ahsoka Tano, the former apprentice of the sand-hating Anakin Skywalker. Tano (Rosario Dawson)…

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In a shocking move, Dukaan’s AI customer service chatbot has replaced the support staff. (Suumit Shah (Twitter)) AI 

Dukaan CEO Suumit Shah Dismisses Majority of Employees, Replaces Them with AI Chatbot, Inciting Outrage on Social Media

Febin Mathew, ,

Artificial intelligence (AI) has become a prominent topic this year, with advancements in the field making daily tasks more convenient. However, concerns about job security have also grown. According to a report by McKinsey in June 2023, AI is projected to automate a significant portion (60 to 70 percent) of employee workloads, prompting companies to quickly adopt AI technology. Suumit Shah, the founder of e-commerce platform Dukaan, recently caused outrage on Twitter when he disclosed that the platform had replaced 90 percent of its support staff positions. Artificial intelligence replaces…

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Instagram’s new Threads app, designed as a direct rival to Elon Musk’s Twitter, signed up 100 million users in the days since Meta launched the service last Wednesday. (REUTERS) News 

Analyst Predicts $8 Billion Increase in Meta’s Annual Revenue by 2025

Febin Mathew,

According to Evercore ISI, Meta Platforms Inc.’s newest app, Threads, has the potential to generate significant revenue for the social media giant in the coming years, although it is still in its early stages. Evercore ISI analysts, led by Mark Mahaney, estimate that message threads will reach nearly 200 million daily active users and generate about $8 billion in annual revenue over the next two years. It’s off to a good start: Instagram’s new app, designed as a direct competitor to Elon Musk’s Twitter, gained 100 million users in the…

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The plaintiffs accuse the San Francisco company of using their works to train their artificial intelligence models without permission, adding to a series of cases that could complicate the development of tech world's biggest new trend. (AFP) AI 

Lawsuit Filed Against ChatGPT for Alleged Infringement of Artificial Intelligence Copyright

Febin Mathew,

OpenAI is facing a lawsuit from three authors, including American comedian Sarah Silverman, who allege copyright infringement following the widespread popularity of the company’s ChatGPT. This legal action represents the latest resistance from creative individuals against OpenAI. The plaintiffs accuse the San Francisco company of using their work to train its AI models without permission, adding to a series of cases that could hamper the evolution of the tech world’s biggest new trend. The trio also filed a lawsuit against Facebook’s parent company Meta, whose lesser-known open-source models also used…

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A Mumbaibased private aerospace company has supplied critical components to the Indian Space Research Organisation (ISRO) for its upcoming Chandrayaan3 mission. Space 

ISRO Acquires Essential Parts From Aerospace Company in Mumbai for Chandrayaan-3 Mission

Febin Mathew,

For its upcoming Chandrayaan-3 mission, the Indian Space Research Organisation (ISRO) has received essential components from a private aerospace company based in Mumbai. Godrej Aerospace has manufactured liquid propulsion engines such as Vikas, CE20 and satellite thrusters for the Moon mission at Vikhroli in suburban Mumbai, a senior company official said on Monday. Maneck Behramkamdin, deputy director and chief business officer of Godrej Aerospace, said his company has been associated with ISRO, which is under the Ministry of Space, for more than three decades. “The collaboration started with the production…

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Uber's CFO Nelson Chai is reportedly leaving the company, according to sources. No decision on timing has been announced yet News 

Report: Uber CFO Nelson Chai to Depart Company

Febin Mathew

According to sources familiar with the matter, Nelson Chai, the Chief Financial Officer of Uber Technologies, is reportedly intending to depart from the ride-hailing company, as reported by Bloomberg News on Monday. Chai informed Uber CEO Dara Khosrowshahi of his intentions to move forward, although no decision on timing has been made, according to the report. Uber did not immediately respond to Reuters’ request for comment.

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It can go over 60 mph, costs $45k and will be street legal in Europe. News 

This Electric Vehicle is Like a Remote-Controlled Car That Has Experienced a Major Expansion

Febin Mathew, ,

The Little Car Company, based in the UK, has created a life-size replica of the popular Tamiya Wild One RC car from the 1980s. According to Car and Driver, this electric vehicle is equipped with eight interchangeable battery packs, providing a total range of 124 miles. The Wild One Max has plenty of climb and go, with a top speed of 62 mph. The biggest feature, however, is how much this full-sized vehicle resembles its fun-sized cousin. Just look at this thing. Even cooler? The EV will make its public…

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New moon discovery signals the presence of an ancient volcano. (AFP) Space 

Astronomers Discover Granite and Evidence of Water on the Moon

Febin Mathew,

Scientists are conducting research on the moon and its surroundings in order to enhance their knowledge about its formation, past conditions, and composition. Recently, significant amounts of granite have been discovered beneath the Compton-Belkovich volcanic complex, suggesting that this region was once illuminated by volcanic eruptions billions of years ago. This finding has sparked speculation that water might have also been present in that area. According to Space.com. about 3.5 billion years ago, cooling magma triggered volcanic eruptions on the moon that formed this feature. Although the discovery was not…

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This isn't your parents' Lotus. News 

Lotus’ Eletre SUV Demonstrates Brand’s Maturation

Febin Mathew, ,

Lotus, known for their minimalist approach to driving pleasure, is now entering a new phase of maturity with the introduction of their first-ever production SUV, the Eletre. This electric vehicle offers spacious seating for either four or even five passengers. Eletre? Well, that’s a lot. It weighs a lot, about 5500 kilos. Its style definitely goes that extra mile and this interior is nothing if not dazzling. This isn’t for everyone, in fact I’m not sure who it’s for, but it’s easily the highest quality and most comprehensive interior Lotus…

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Mobile and desktop traffic to the chatbot's website was down nearly 10 percent from the month prior. News 

ChatGPT Experiences Decrease in User Numbers in June

Febin Mathew, , , ,

OpenAI’s chatbot, ChatGPT, which experienced a rapid surge in popularity in late 2022 and early 2023, seems to be losing momentum. Recent data from internet analytics firm Similarweb, shared with The Washington Post, indicates that global mobile and desktop traffic to ChatGPT’s website dropped by 9.7 percent last month. If Similarweb’s data is accurate, this decline would be the first time the chatbot has witnessed a decrease in users. Additionally, in June, app tracker Sensor Tower observed a decline in downloads of ChatGPT’s iOS client after reaching a peak earlier…

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The company carried out steep job cuts less than six months ago. News 

Evernote Moving to Europe Following Reduction of US Staff

Febin Mathew, , ,

Evernote has made significant cuts to its workforce, with the majority of employees in the US and Chile being laid off. Bending Spoons, the app developer that acquired Evernote last year, announced that it plans to relocate most of the company’s operations to Europe. This latest round of layoffs comes after Evernote previously cut 129 positions due to the app’s lack of profitability. The exact number of employees affected by these recent layoffs has not been disclosed, but it has been observed that several software engineers who had been with…

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