Apple shifting its production, Text-To-Image AI, former president of FTX US is raising money, What Is Web3, Latest hunt

Apple is shifting its production away from China, according to a new report

Apple is shifting its production away from China, according to a new report.

The company has recently accelerated plans to shift some of its production outside China, where it has long been the dominant country in the supply chain that built the world’s most valuable company.

It's telling suppliers to plan more actively for assembling Apple products elsewhere in Asia, particularly India and Vietnam, they say, and looking to reduce dependence on Taiwanese assemblers.

The move comes after a year of events that weakened China’s status as a stable manufacturing center. The turmoil at one factory alone—a place called iPhone City—helped propel Apple’s shift. At the giant city-within-a-city in Zhengzhou, China, as many as 300,000 workers work at a factory run by Foxconn to make iPhones and other Apple products. 

The Zhengzhou factory was convulsed in late November by violent protests. In videos posted online, workers upset about wages and Covid-19 restrictions could be seen throwing items and shouting “Stand up for your rights!” Riot police were present, the videos show. The location of one of the videos was verified by the news agency and video-verification service Storyful.

“In the past, people didn’t pay attention to concentration risks,” said Alan Yeung, a former U.S. executive for Foxconn. “Free trade was the norm and things were very predictable. Now we’ve entered a new world.”Read more...

Text-To-Image AI: Powerful, Easy-To-Use Technology For Making Art

Artificial intelligence is getting a lot of attention these days. The technology has been used to create some amazing things, from AI-generated music and images to an AI-written novel, but it's also raised questions about how it could be misused by bad actors.

The latest example? Text-to-image generators that produce truly amazing (and sometimes scary) images from text descriptions that you provide.

As a computer scientist who specializes in image forensics, I have been thinking a lot about this technology: what it is capable of, how each of the tools have been rolled out to the public, and what lessons can be learned as this technology continues its ballistic trajectory.

Type “Teddy bears working on new AI research on the moon in the 1980s” into any of the recently released text-to-image artificial intelligence image generators, and after just a few seconds the sophisticated software will produce an eerily pertinent image.

Seemingly bound by only your imagination, this latest trend in synthetic media has delighted many, inspired others and struck fear in some.

Google, research firm OpenAI and AI vendor Stability AI have each developed a text-to-image image generator powerful enough that some observers are questioning whether in the future people will be able to trust the photographic record.Read more...

Brett Harrison, Former FTX US President, Raises Money For Crypto Startup

The former president of FTX US is raising money for a crypto startup, according to people familiar with the matter.

Brett Harrison has been seeking funding to create a crypto software company for more than a month and before Sam Bankman-Fried’s FTX filed for bankruptcy, according to the people, who spoke on the condition of anonymity because the discussions were private.

Various valuations were discussed over the course of weeks and some people familiar with the matter said they were told the fund raising target could be as high as $10 million for a $100 million valuation. Harrison declined to comment.

The Information reported Harrison’s fund raising earlier Friday, adding that he was seeking $6 million at a valuation of $60 million. The proposed idea was for software that crypto traders could use to write algorithms for their strategies and to access different types of crypto markets, both centralized and decentralized, two of the people said.

When Bankman-Fried’s crypto exchange FTX and more than 130 related entities -- including the US arm Harrison formerly led -- spiralled into bankruptcy last month, customers were left reeling. Bankman-Fried has been apologising in a series of media appearances, blaming the implosion of FTX and its sister hedge fund Alameda Research on poor risk management and lax oversight. Read more...

What Is Web3? A Beginner’s Guide To The Future Of The Internet

The world is changing. The internet is evolving.

And with major names such Starbucks, Walmart, Gucci among the many heavily investing in Web3, it is clear that these technologies are not going away anytime soon.

However, not all Web3 strategies are created equal. While some brands have had great success with their Web3 endeavors, others have flopped. Read on for a look at how three of the most influential brands in Web3 are using blockchain technology to deepen their relationship with their audiences.

Before you can fully grasp the influence of blockchain-based marketing strategies, it is important to have a good understanding of Web3. To put it very simply, Web3 uses cryptocurrency’s core blockchain technology to build a version of the web that is decentralized and supports peer-to-peer interactions rather than relying entirely on centralized third parties like Meta, Google and Amazon for all our web needs.

Ownership and utility are at the heart of Web3. In a Web3 ecosystem, owning tokens or NFTs grants holders the power to make governance decisions and exclusive access to various perks. These principles are appealing to brands because they offer a clear incentive alignment.When consumers have ownership of the brand, they have the incentive to contribute to its success.

Part of the reason Web3 is difficult to grasp for so many is that it is still being built. Currently, companies and brands are slowly integrating Web3 technologies such as digital wallets, tokens, NFTs and virtual worlds into their existing operations and marketing strategies.Read more... - set up these invitations in under 30 seconds

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