Apple this week unveiled its long-awaited mixed-reality headset, the Vision Pro, Apple Insider reports. Following years of rumors, Apple used its keynote address at the Worldwide Developer Conference to introduce its headset. It is the company’s first major new product in a decade.
Vision Pro, which will start at $3,499 and launch early next year, is positioned as primarily an AR device, but it can switch between augmented and full virtual reality using a dial, The Verge reports.
Apple will have to win over some skeptics. In advance of the unveiling, Alex Kantrowitz wrote on his Big Technology blog that "rather than perfecting an existing category—as it did with phones, watches, and headphones—(Apple is) simply nudging mixed reality forward, capitulating to some of the same technical limitations holding back its peers."
The SEC on Monday filed 13 charges against Binance, the world’s largest crypto exchange, and its founder, Changpeng Zhao, alleging both comingled billions of dollars in user funds and sent them to a European company controlled by Zhao, CNBC reports.The next day, the SEC charged Coinbase, the largest crypto exchange in the U.S. with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency.
AI's latest hot startup, Character.ai, is challenging ChatGPT using the power of personality, Axios reports. It lets users converse with more than 10 million characters—fictional versions of any person living or dead—based on data scraped from the open internet. Character.ai is beating ChatGPT on average user time, and has a much higher growth rate in monthly users.
Section 230, the law that shields online platforms from liability for user-generated content, has withstood several recent challenges. But a big new question is emerging: Does Section 230 apply to generative AI? The law’s 1996 drafters told the New York Times DealBook they think it does not. Platforms are immune only to suits about material created by others, not their own work, and generative AI is blurring that line.
"They attempted to evade U.S. securities laws by announcing sham controls that they disregarded behind the scenes so that they could keep high-value U.S. customers on their platforms."
—SEC Chair Gary Gensler, on the charges brought against Binance and its founder, Changpeng Zhao