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Motion Picture Association to Meta: Stop saying Instagram teen content is “PG-13”

In October, Meta announced that its updated Instagram Teen Accounts would by default limit content to the “PG-13” rating.

The Motion Picture Association, which created the film rating standard, was not happy about Meta’s use of the rating, and sent the company a cease and desist letter, according to a report from The Wall Street Journal.

The letter from MPA’s law firm reportedly said the organization worked for decades to earn the public’s trust in the rating system, and it does not want Meta’s AI-powered content moderation failures to blow back on its work:

“Any dissatisfaction with Meta’s automated classification will inevitably cause the public to question the integrity of the MPA’s rating system.”

Meta told the WSJ that it never claimed or implied the content on Instagram Teen Accounts would be certified by the MPA.

The letter from MPA’s law firm reportedly said the organization worked for decades to earn the public’s trust in the rating system, and it does not want Meta’s AI-powered content moderation failures to blow back on its work:

“Any dissatisfaction with Meta’s automated classification will inevitably cause the public to question the integrity of the MPA’s rating system.”

Meta told the WSJ that it never claimed or implied the content on Instagram Teen Accounts would be certified by the MPA.

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Ahead of Musk’s pay package vote, Tesla’s board says they can’t make him work there full time

Ahead of Tesla’s CEO compensation vote at its annual shareholder meeting tomorrow, The Wall Street Journal did a deep dive into how Elon Musk, who stands to gain $1 trillion if he stays at Tesla and hits a number of milestones, spends his time.

Like a similar piece from The New York Times in September, this one has a lot of fun details. Read it all, but here are some to tide you over:

  • Musk spent so much time at xAI this summer that he held meetings there with Tesla employees.

  • He personally oversaw the design of a sexy chatbot named Ani, who sports pigtails and skimpy clothes and for whom “employees were compelled to turn over their biometric data” to train.

  • The chatbot, which users can ask to “change into lingerie or fantasize about a romantic encounter with them,” has helped boost user numbers, which are still way lower than ChatGPT’s.

  • Executives and board members have told top investors in the past few weeks that they can’t make Musk work at Tesla full time. Board Chair Robyn Denholm explained that in his free time, Musk “likes to create companies, and they’re not necessarily Tesla companies.”

Like a similar piece from The New York Times in September, this one has a lot of fun details. Read it all, but here are some to tide you over:

  • Musk spent so much time at xAI this summer that he held meetings there with Tesla employees.

  • He personally oversaw the design of a sexy chatbot named Ani, who sports pigtails and skimpy clothes and for whom “employees were compelled to turn over their biometric data” to train.

  • The chatbot, which users can ask to “change into lingerie or fantasize about a romantic encounter with them,” has helped boost user numbers, which are still way lower than ChatGPT’s.

  • Executives and board members have told top investors in the past few weeks that they can’t make Musk work at Tesla full time. Board Chair Robyn Denholm explained that in his free time, Musk “likes to create companies, and they’re not necessarily Tesla companies.”

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Dan Ives expects “overwhelming shareholder approval” of Tesla CEO pay package

Wedbush Securities analyst Dan Ives, like prediction markets, thinks Tesla CEO Elon Musk’s $1 trillion pay package will receive “overwhelming shareholder approval” at the company’s annual shareholder meeting Thursday afternoon. The Tesla bull, like the Tesla board, has maintained that approval of the performance-based pay package is integral to keeping Musk at the helm of the company, which in turn is integral to the success of the company. Ives is also confident that investors will back the proposal allowing Tesla to invest in another of Musk’s companies, xAI.

“We expect shareholders to show overwhelming support tomorrow for Musk and the xAI stake further turning Tesla into an AI juggernaut with the autonomous and robotics future on the horizon,” Ives wrote in a note this morning.

The compensation package has received pushback, including from Tesla’s sixth-biggest institutional investor, Norway’s Norges Bank Investment Management, and from proxy adviser Institutional Shareholder Services.

tech

Tesla has a new EV, robotaxi, humanoid robot, AI chip, and flying car competitor

An electric vehicle maker is not content to merely manufacture cars, but has far greater ambitions that involve robotaxis, humanoid robots, and even flying cars.

Sound familiar? It’s not Tesla.

Rather, Nasdaq-listed Chinese EV maker XPeng announced that next year it will launch three robotaxis made with in-house AI chips and begin mass production of its humanoid robots. It’s also developing a flying car — a concept Tesla CEO Elon Musk has only hinted at.

Tesla has been facing increased competition from Chinese automakers like XPeng and BYD, though neither can sell in the US — and neither has a Musk. Still, XPeng Co-President Brian Gu seems to share some of his gumption. “We didn’t want to be a traditional automaker or EV maker from the very beginning,” Gu said. “The future of cars is not electrification, but intelligence.”

Tesla has been facing increased competition from Chinese automakers like XPeng and BYD, though neither can sell in the US — and neither has a Musk. Still, XPeng Co-President Brian Gu seems to share some of his gumption. “We didn’t want to be a traditional automaker or EV maker from the very beginning,” Gu said. “The future of cars is not electrification, but intelligence.”

tech

Google and “Fortnite” maker Epic agree to settlement over app store reforms

Google and “Fortnite” maker Epic Games have proposed a settlement to end their long-running app store dispute. The deal would let Android users more easily download third-party app stores and allow developers to use alternative payment methods both within apps and through external web links, with capped fees of 9% or 20%. After Epic won a 2023 jury trial, US District Judge James Donato issued an injunction ordering Google to open the Play app store to competition; the same judge must approve the new agreement.

tech

Anthropic projections for 2028: Up to $70 billion in revenue, could be profitable by 2027

Anthropic’s Claude API business is doing so well with enterprise customers, the company is upping its revenue forecasts significantly. According to a report from The Information, the company’s robust corporate sales have caused it to revise its most optimistic forecast up to $70 billion in sales by 2028.

Anthropic estimates its API business will be double that of OpenAI’s API sales. OpenAI is currently burning through much more money per month than Anthropic, and reportedly expects to spend as much as $115 billion through 2029, while Anthropic is forecasting that it could be cash positive by 2027, per the report.

Anthropic estimates its API business will be double that of OpenAI’s API sales. OpenAI is currently burning through much more money per month than Anthropic, and reportedly expects to spend as much as $115 billion through 2029, while Anthropic is forecasting that it could be cash positive by 2027, per the report.

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