Earlier this month Apple announced a partnership with OpenAI to bring ChatGPT to Siri.

"Now, the Wall Street Journal reports that Apple and Facebook's parent company Meta are in talks around a similar deal," according to TechCrunch: A deal with Meta could make Apple less reliant on a single partner, while also providing validation for Meta's generative AI tech. The Journal reports that Apple isn't offering to pay for these partnerships; instead, Apple provides distribution to AI partners who can then sell premium subscriptions... Apple has said it will ask for users' permission before sharing any questions and data with ChatGPT. Presumably, any integration with Meta would work similarly.

Long-time Slashdot reader schwit1 shares CNBC's report on the U.S. car market: Back in February, used electric vehicle prices dipped below used gasoline-powered vehicle prices for the first time ever, and the pricing cliff keeps getting steeper as car buyers reject any "premium" tag formerly associated with EVs.

The decline has been dramatic over the past year. In June 2023, average used EV prices were over 25% higher than used gas car prices, but by May, used EVs were on average 8% lower than the average price for a used gasoline-powered car in U.S. In dollar terms, the gap widened from $265 in February to $2,657 in May, according to an analysis of 2.2 million one to five year-old used cars conducted by iSeeCars. Over the past year, gasoline-powered used vehicle prices have declined between 3-7%, while electric vehicle prices have decreased 30-39%.

"It's clear used car shoppers will no longer pay a premium for electric vehicles," iSeeCars executive analyst Karl Brauer stated in an iSeeCars report published last week. Electric power is now a detractor in the consumer's mind, with EVs "less desirable" and therefore less valuable than traditional cars, he said.
The article notes there's been a price war among EV manufacturers — and that newer EV models might be more attractive due to "longer ranges and improved battery life with temperature control for charging."

But CNBC also notes a silver lining. "As more EVs enter the used market at lower prices, the EV market does become available to a wider market of potential first-time EV owners."

An anonymous reader shares a report: YouTube Premium subscribers who use VPNs are reporting that their plans are being automatically canceled by the Google-owned company, according to multiple subscribers who have posted screenshots and descriptions of the issue on Reddit.

A Google support representative confirmed to PCMag that YouTube has started a crackdown. "YouTube has initiated the cancellation of premium memberships for accounts identified as having falsified signup country information," the Google support agent said via chat message. "Due to violating YouTube's Paid Terms of Service, these users will receive an email and an in-app notification informing them of the cancellation."

Speaking of Microsoft, the House Homeland Security committee is grilling Microsoft President Brad Smith Thursday about the software giant's plans to improve its security after a series of devastating hacks reached into federal officials' email accounts, challenging the company's fitness as a dominant government contractor. Washington Post adds:The questioning followed a withering report on one of those breaches, where the federal Cyber Safety Review Board found the event was made possible by a "cascade of avoidable errors" and a security culture "that requires an overhaul." In that hack, suspected agents of China's Ministry of State Security last year created digital keys using a tool that allowed them to pose as any existing Microsoft customer. Using the tool, they impersonated 22 organizations, including the U.S. Departments of State and Commerce, and rifled through Commerce Secretary Gina Raimondo's email among others.

The event triggered the sharpest criticism in decades of the stalwart federal vendor, and has prompted rival companies and some authorities to push for less government reliance on its technology. Two senators wrote to the Pentagon last month, asking why the agency plans to improve nonclassified Defense Department tech security with more expensive Microsoft licenses instead of with alternative vendors. "Cybersecurity should be a core attribute of software, not a premium feature that companies upsell to deep-pocketed government and corporate customers," Sens. Eric Schmitt (R-Mo.) and Ron Wyden (D-Ore.) wrote. "Through its buying power, DOD's strategies and standards have the power to shape corporate strategies that result in more resilient cybersecurity services." Any serious shift in executive branch spending would take years, but Department of Homeland Security leaders say plans are in motion to add security guarantees and requirements to more government purchases -- an idea touted in the Cyber Safety Review Board's Microsoft report.

According to The Verge, Best Buy conducted another round of layoffs and job restructurings to "right size" the business in response to declining sales post-pandemic. Further layoffs and changes are expected throughout the year. From the report: The layoffs appeared to have mostly targeted in-home sales roles called designers, who would go to customers' homes to help identify products that would work in their space. It's not clear how many were let go, but designers who weren't laid off have been moved into a different, largely in-store role. Also, pay scales for a similar, existing in-store "consultant" position were revamped. Best Buy confirmed the layoffs in an email to The Verge but declined to share how many people were let go or how pay was changing. "Many of our team members were moved to new areas or roles where our customers need it most," Best Buy spokesperson Ryan Furlong told The Verge. He said some employees in Best Buy's "Design and Consult workforce" -- the collection of roles with in-store workers (called consultants) and in-home field sales positions (called designers) -- will be transitioned into a new "Premium Designer role."

Best Buy has been drastically restructuring in recent months, responding to factors like falling sales after the pandemic spiked consumer electronics spending. Best Buy CEO Corie Barry told investors in February that they should expect layoffs this year, and two months ago, mass layoffs of Geek Squad employees were reported. Barry repeated similar things during the company's first quarter earnings call in May, saying that many of Best Buy's moves to "right size" its business "are being implemented throughout this year."

Vista Equity Partners has written off the entire equity value of its investment in tech learning platform Pluralsight, three years after taking it private for $3.5 billion, Axios reported Friday. From the report: One source says that the Utah-based company's financials have improved, with around 26% EBITDA growth in 2023, but not enough to service nearly $1.3 billion of debt that was issued when interest rates were lower. It's also a company whose future could be dimmed by advances in artificial intelligence, since some of the developer skills it teaches are becoming automated. Vista agreed to buy the company in late 2020 for $20.26 per share, representing a 25% premium to its 30-day trading average, despite a lack of profits.

If you contact Spotify's customer service with a valid receipt, the company will refund your Car Thing purchase. That's the latest development reported by Engadget. When Spotify first announced that it would brick every Car Thing device on December 9, 2024, it said that it wouldn't offer owners any subscription credit or automatic refund. From the report: Spotify has taken some heat for its announcement last week that it will brick every Car Thing device on December 9, 2024. The company described its decision as "part of our ongoing efforts to streamline our product offerings" (read: cut costs) and that it lets Spotify "focus on developing new features and enhancements that will ultimately provide a better experience to all Spotify users."

TechCrunch reports that Gen Z users on TikTok have expressed their frustration in videos, while others have complained directed toward Spotify in DMs on X (Twitter) and directly through customer support. Some users claimed Spotify's customer service agents only offered several months of free Premium access, while others were told nobody was receiving refunds. It isn't clear if any of them contacted them after last Friday when it shifted gears on refunds.

Others went much further. Billboard first reported on a class-action lawsuit filed in the US District Court for the Southern District of New York on May 28. The suit accuses Spotify of misleading Car Thing customers by selling a $90 product that would soon be obsolete without offering refunds, which sounds like a fair enough point. It's worth noting that, according to Spotify, it began offering the refunds last week, while the lawsuit was only filed on Tuesday. If the company's statement about refunds starting on May 24 is accurate, the refunds aren't a direct response to the legal action. (Although it's possible the company began offering them in anticipation of lawsuits.) Editor's note: As a disgruntled Car Thing owner myself, I can confirm that Spotify is approving refund requests. You'll just have to play the waiting game to get through to a Spotify Advisor and their "team" that approves these requests. You may have better luck emailing customer service directly at support@spotify.com.

The AI boom and a growing talent shortage has resulted in companies paying AI software engineers a whole lot more than their non-AI counterparts. From a report: As of April 2024, AI software engineers in the U.S. were paid a median salary of nearly $300,000, while other software technicians made about $100,000 less, according to data compiled by salary data website Levels.fyi. The pay gap that was already about 30% in mid-2022 has grown to almost 50%.

"It's clear that companies value AI skills and are willing to pay a premium for them, no matter what job level you're at," wrote data scientist Alina Kolesnikova in the Levels.fyi report. That disparity is more pronounced at some companies. The robotaxi company Cruise, for example, pays AI engineers at the staff level a median of $680,500 -- while their non-AI colleagues make $185,500 less, according to Levels.fyi.

"Last week, we reported on a customer who was charged $277 for gasoline his rented Tesla couldn't have possibly used," writes the automotive blog The Drive.

"And now, we've heard from other Hertz customers who say they've been charged even more." Hertz caught attention last week for how it handled a customer whom it had charged a "Skip the Pump" fee, which allows renters to pay a premium for Hertz to refill the tank for them. But of course, this customer's rented Tesla Model 3 didn't use gas — it draws power from a battery — and Hertz has a separate, flat fee for EV recharges. Nevertheless, the customer was charged $277.39 despite returning the car with the exact same charge they left with, and Hertz refused to refund it until after our story ran. It's no isolated incident either, as other customers have written in to inform us that it happened to them, too....

Evan Froehlich returned the rental at 21 percent charge, expecting to pay a flat $25 recharge fee. (It's ordinarily $35, but Hertz's loyalty program discounts it.) To Froehlich's surprise, he was hit with a $340.97 "Skip the Pump" fee, which can be applied after returning a car if it's not requested beforehand. He says Hertz's customer service was difficult to reach, and that it took making a ruckus on social media to get Hertz's attention. In the end, a Hertz representative was able to review the charge and have it reversed....

A March 2023 Facebook post documenting a similar case indicates this has been happening for more than a year.
After renting a Tesla Model 3, another customer even got a $475.19 "fuel charge," according to the article — in addition to a $25 charging fee: They also faced a $125.01 "rebill" for using the Supercharger network during their rental, which other Hertz customers have expressed surprise and frustration with. Charging costs can vary, but a 75-percent charge from a Supercharger will often cost in the region of just $15.

Microsoft plans a major shakeup of its videogame sales strategy by releasing the coming installment of Call of Duty to its subscription service instead of the longtime, lucrative approach of only selling it a la carte. WSJ: The plans, which mark the biggest change to Microsoft's gaming division since it closed the $75 billion takeover of Activision Blizzard, are expected to be announced at the company's annual Xbox showcase next month, according to people familiar with the matter. Call of Duty is one of the most successful entertainment properties ever, generating over $30 billion in lifetime revenue. Activision, which makes it, has long released new editions annually, selling about 25 million copies on average, selling for around $70 each in recent years.

Before the Microsoft deal last year, Activision was reluctant to fully embrace subscription-based models for a game that still attracts a premium price. Microsoft's subscription service, Game Pass, costs $9.99 to $16.99 a month, and provides access to hundreds of games from Microsoft and dozens of other companies.

Squarespace said on Monday it has agreed to be taken private by private equity firm Permira in an all-cash deal valued at approximately $6.9 billion. Under the terms of the agreement, Squarespace stockholders will receive $44.00 per share in cash, representing a premium of about 29% over the company's 90-day volume weighted average trading price.

Upon completion of the transaction, Squarespace will become a privately held company. Founder and CEO Anthony Casalena will continue to lead the business and be one of the largest shareholders following the deal. "Squarespace has been at the forefront of providing services to businesses looking to establish themselves online for more than two decades. We are excited to continue building on that foundation, and expanding our offerings, for years to come," said Casalena in a statement.

"We are thrilled to be partnering with Permira on this new leg of our journey, alongside our existing long-term investors General Atlantic and Accel, who strongly believe in the future of Squarespace," he added.

An anonymous reader shared this report from Mint: Elon Musk-owned social media platform X (formerly Twitter) has launched a new Grok AI-powered feature called 'Stories', which allows users to read summaries of a trending post on the social media platform. The feature is currently only available to X Premium subscribers on the iOS and web versions, and hasn't found its way to the Android application just yet... instead of reading the whole post, they'll have Grok AI summarise it to get the gist of those big news stories. However, since Grok, like other AI chatbots on the market, is prone to hallucination (making things up), X provides a warning at the end of these stories that says: "Grok can make mistakes, verify its outputs."
"Access to xAI's chatbot Grok is meant to be a selling point to push users to buy premium subscriptions," reports TechCrunch: A snarky and "rebellious" AI, Grok's differentiator from other AI chatbots like ChatGPT is its exclusive and real-time access to X data. A post published to X on Friday by tech journalist Alex Kantrowitz lays out Elon Musk's further plan for AI-powered news on X, based on an email conversation with the X owner. Kantrowitz says that conversations on X will make up the core of Grok's summaries. Grok won't look at the article text, in other words, even if that's what people are discussing on the platform.
The article notes that some AI companies have been striking expensive licensing deals with news publishers. But in X's case, "it's able to get at the news by way of the conversation around it — and without having to partner to access the news content itself."

Several users on Reddit have noticed that Spotify has started hiding song lyrics behind a paywall. "This means you won't be able to sing along unless you know the lyrics already, or are willing to look them up in another app," reports Android Police. From the report: Still, you lose the convenience of real-time sync with the track and automatic scrolling. Like skips per hour, it appears Spotify will implement a limit system and accessing lyrics will count against the user's limit, which should ideally reset after a stipulated time.

Spotify usually requests lyrics from songwriters, publishers, and independent artists. However, in most other cases, the company has a working relationship with MusixMatch to provide lyrics, and perhaps Spotify isn't willing to absorb the costs of this partnership. That would explain why lyrics are now paywalled, but as a free-tier user, such changes are chipping away at the service's appeal.

Sony Pictures Entertainment and Apollo Global Management have made a bid to acquire Paramount for $26 billion and take it private. Variety reports: Sony and private-equity giant Apollo submitted a letter with the non-binding offer Wednesday to Paramount Global, as first reported by the Wall Street Journal. The bid, which would include the assumption of debt and could be negotiated, would be a premium over the company's current $22 billion enterprise value. Shares of Paramount Global jumped 13% on news of the offer from Apollo and Sony Entertainment, closing at $13.86 per share Thursday.

It's not clear how Paramount's board will proceed on the Sony-Apollo proposal, having rejected previous overtures from the private-equity firm. The company has an exclusive negotiating window with Skydance that ends Friday (May 3), but discussions among the parties could extend beyond that. If it happens, the combination of Sony Pictures with Paramount Pictures would likely result in mass layoffs -- and knock the number of major Hollywood studios from five to four, after Disney took over 20th Century. Sony Corp., which acquired Columbia Pictures in 1990 for $3.5 billion, is the largest studio operator in the industry that does not have a broad-scale direct-to-consumer streaming play.

Under the proposed bid with Apollo, Sony would be the majority owner of the combined company. Sony Corp. would merge Sony Pictures Entertainment into a joint venture with Paramount Global. Sony and Apollo would both contribute cash to finance the deal. What's unclear is what would happen to the 28 local TV stations CBS owns; FCC rules bar foreign entities (i.e. Tokyo-based Sony) from having majority ownership control of broadcast TV stations, so Sony would need to carve out a separate U.S. ownership structure for the station group.

In the Skydance scenario, Redstone would sell her stake in National Amusements, which holds 77% of the voting shares in Paramount Global, to Skydance, whereupon Skydance would merge with Paramount Global in an all-stock deal that would value Skydance at roughly $5 billion. Paramount Global would remain a publicly traded company. Redstone would receive up to $2 billion from the Skydance-NAI transaction; in addition, Skydance would pay a premium for Paramount Global shares and pay $3 billion to the company to help pay down debt. Ellison would serve as CEO of the merged Paramount-Skydance, while Jeff Shell, the former NBCUniversal CEO who is chairman of sports and media at RedBird and works under founder and managing partner Gerry Cardinale, would take on a key management role.

An anonymous reader quotes a report from TechCrunch: Darktrace is set to go private in a deal that values the U.K.-based cybersecurity giant at around $5 billion. A newly formed entity called Luke Bidco Ltd., formed by private equity giant Thoma Bravo, has tabled an all-cash bid of $7.75 per share, which represents a 44% premium on its average price for the three-month period ending April 25. However, this premium drops to just 20% when juxtaposed against Darktrace's closing price Thursday, as the company's shares had risen 20% to 5.18 pounds in the past month.

Founded out of Cambridge, U.K., in 2013, Darktrace is best known for AI-enabled threat detection smarts, using machine learning to identify abnormal network activity and attempts at ransomware attacks, insider attacks, data breaches and more. The company claims big-name customers including Allianz, Airbus and the city of Las Vegas. After raising some $230 million in VC funding and hitting a private valuation of $1.65 billion, Darktrace went public on the London Stock Exchange in April 2021, with an opening-day valuation of $2.4 billion. Its shares hit an all-time high later that year of 9.45 pounds and plummeted to an all-time low of 2.29 pounds last February. But they had been steadily rising since the turn of the year and hadn't fallen below 4 pounds since the beginning of March.

The full valuation based on Thoma Bravo's offer amounts to $5.3 billion on what is known as a full-diluted basis, which takes into account all convertible securities and is designed to give a more comprehensive view of a company's valuation. However, the enterprise value in this instance is approximately $4.9 billion, which includes additional considerations such as debt and cash positions. [...] The deal is of course still subject to shareholder approval, but the companies said that they expect to complete the transaction by the end of 2024. "The proposed offer represents an attractive premium and an opportunity for shareholders to receive the certainty of a cash consideration at a fair value for their shares," Darktrace chair Gordon Hurst said. "The proposed acquisition will provide Darktrace access to a strong financial partner in Thoma Bravo, with deep software sector expertise, who can enhance the company's position as a best-in-class cyber AI business headquartered in the U.K."

According to the Wall Street Journal, a deal for IBM to acquire HashiCorp could materialize in the next few days. Shares of HashiCorp jumped almost 20% on the news.

UPDATE 4/24/24: IBM has confirmed the deal valued at $6.4 billion. "IBM will pay $35 per share for HashiCorp, a 42.6% premium to Monday's closing price," reports Reuters. "The acquisition will be funded by cash on hand and will add to adjusted core profit within the first full year of closing, expected by the end of 2024." HashiCorp's shares continued to surge Tuesday on the news. CNBC reports: Developers use HashiCorp's software to set up and manage infrastructure in public clouds that companies such as Amazon and Microsoft operate. Organizations also pay HashiCorp for managing security credentials. Founded in 2012, HashiCorp went public on Nasdaq in 2021. The company generated a net loss of nearly $191 million on $583 million in revenue in the fiscal year ending Jan. 31, according to its annual report. In December, Mitchell Hashimoto, co-founder of HashiCorp, whose family name is reflected in the company name, announced that he was leaving.

Revenue jumped almost 23% during that period, compared with 2% for IBM in 2023. IBM executives pointed to a difficult economic climate during a conference call with analysts in January. The hardware, software and consulting provider reports earnings on Wednesday. Cisco held $9 million in HashiCorp shares at the end of March, according to a regulatory filing. Cisco held early acquisition talks with HashiCorp, according to a 2019 report.

An anonymous reader quotes a report from Ars Technica: Quantum dots are already moving in the premium display category, particularly through QD-OLED TVs and monitors. The next step could be QDEL, short for "quantum dot electroluminescent," also known as NanoLED, screens. Not to be confused with the QLED (quantum light emitting diode) tech already available in TVs, QDEL displays don't have a backlight. Instead, the quantum dots are the light source. The expected result is displays with wider color spaces than today's QD-OLEDs (quantum dot OLEDs) that are also brighter, more affordable, and resistant to burn-in. It seems like QDEL is being eyed as one of the most potentially influential developments for consumer displays over the next two years. If you're into high-end display tech, QDEL should be on your radar.

You may know QDEL as NanoLED because that's what Nanosys, a quantum dot supplier developing the technology, calls it. QDEL has gone by other names, such as QLED -- before Samsung claimed that acronym for LCD-LED TVs that use quantum dots. You may also see QDEL referred to as QD-EL, QD-LED, or EL-QD. As the alphabet soup suggests, there are still some things to finalize with this tech. This article will mostly use the term QDEL, with occasional references to NanoLED. If none of those names sound familiar, it's probably because you can't buy any QDEL products yet. Suppliers suggest that could change in the next few years; Nanosys is targeting 2026 for commercial availability. [...]

Today's OLED screens use OLED material as their light source, with QD-OLED specifically applying quantum dots to convert the light into color. In QLED, the light source is a white backlight; QDEL displays apply electricity directly to quantum dots, which then generate light. QDEL uses a layer of quantum dots sandwiched between an anode and cathode to facilitates the flow of electricity into the quantum dots. QDEL displays have pixels made of a red quantum dot subpixel, green quantum dot subpixel, and -- differing from today's QLED and QD-OLED displays -- blue quantum dot subpixel. QDEL displays use the same quantum dot cores that QD-OLED and QLED products use, [Jeff Yurek, Nanosys' VP of marketing] told me, adding, "The functionalization of the outer layer of the [quantum dots] needs to be changed to make it compatible with each display architecture, but the cores that do the heavy lifting are pretty much the same across all of these."

Because QDEL pixels make their own light and can therefore turn off completely, QDEL displays can deliver the same deep blacks and rich contrast that made OLED popular. But with the use of direct-view quantum dots, stakeholders are claiming the potential for wider color gamuts than we've seen in consumer displays before. With fewer layers and parts, there are also implications for QDEL product pricing, longevity, and even thinness. [...] The fact that quantum dots are already being successfully applied to LCD-LED and OLED screens is encouraging for future QDEL products. QDEL stakeholders claim that the tech could bring efficiencies like lower power consumption and higher brightness than OLED. (Research using a prototype device has recorded quantum dot light-emitting diodes reaching 614,000 nits. Of course, those aren't the type of results you should expect to see in a real-life consumer product.) There's also hope that QDEL could eventually last longer than OLED, especially since QDEL doesn't rely on organic materials that can cause burn-in.

Apple has stopped production of FineWoven accessories, according to reliable Apple leaker and prototype collector known as "Kosutami." From a report: In a post on X (formerly Twitter), Kosutami explained that Apple has stopped production of FineWoven accessories due to its poor durability. The company may move to another non-leather material for its premium accessories in the future. Apple introduced FineWoven, a soft fabric material, last year. The company claimed that the material is made of 68 percent post-consumer content and is overall more environmentally friendly compared to the company's previous line of leather accessories. As part of the introduction of FineWoven case, Apple also discontinued the use of leather for new Apple accessories. Reviewers didn't like FineWoven, calling it "bad. Like, really bad."

YouTube has updated its policies to no longer allow "third-party apps to turn off ads." The Verge reports: This appears to target mobile ad blockers like AdGuard, which lets you open YouTube within the ad blocking app, where you'll get to view videos interruption-free. "We only allow third-party apps to use our API when they follow our API Services Terms of Service," YouTube says. "When we find an app that violates these terms, we will take appropriate action to protect our platform, creators, and viewers." To get around this, YouTube once again suggests signing up for the ad-free YouTube Premium.

In the view of Jim VandeHei, CEO of Axios, artificial intelligence will eviscerate the weak, the ordinary, the unprepared in media," reports the New York Times: VandeHei says the only way for media companies to survive is to focus on delivering journalistic expertise, trusted content and in-person human connection. For Axios, that translates into more live events, a membership program centered on its star journalists and an expansion of its high-end subscription newsletters. "We're in the middle of a very fundamental shift in how people relate to news and information," he said, "as profound, if not more profound, than moving from print to digital." "Fast forward five to 10 years from now and we're living in this AI-dominated virtual world — who are the couple of players in the media space offering smart, sane content who are thriving?" he added. "It damn well better be us."

Axios is pouring investment into holding more events, both around the world and in the United States. VandeHei said the events portion of his business grew 60% year over year in 2023. The company has also introduced a $1,000-a-year membership program around some of its journalists that will offer exclusive reporting, events and networking. The first one, announced last month, is focused on Eleanor Hawkins, who writes a weekly newsletter for communications professionals. Her newsletter will remain free, but paying subscribers will have access to additional news and data, as well as quarterly calls with Hawkins... Axios will expand Axios Pro, its collection of eight high-end subscription newsletters focused on specific niches in the deals and policy world. The subscriptions start at $599 a year each, and Axios is looking to add one on defense policy...

"The premium for people who can tell you things you do not know will only grow in importance, and no machine will do that," VandeHei said....VandeHei said that although he thought publications should be compensated for original intellectual property, "that's not a make-or-break topic." He said Axios had talked to several AI companies about potential deals, but "nothing that's imminent.... One of the big mistakes a lot of media companies made over the last 15 years was worrying too much about how do we get paid by other platforms that are eating our lunch as opposed to figuring out how do we eat people's lunch by having a superior product," he said.
"VandeHei said Axios was not currently profitable because of the investment in the new businesses," according to the article.

But "The company has continued to hire journalists even as many other news organizations have cut back."