Archive: May 2021

Mamdani says feds have abdicated on AI, urges New Yorkers to push back

May 18, 2021 | TechCrunch AI
Mamdani says feds have abdicated on AI, urges New Yorkers to push back
Mamdani encouraged New Yorkers to resist the overwhelming feeling that AI is inevitably coming for their jobs, their kids’ minds, and their dignity and to take back control instead. His message came at a moment when the federal government is doing little to regulate AI, leaving cities to act on their own. At The People’s AI Assembly, an event hosted by the AI Now Institute, a think tank that explores the social implications of AI, Mamdani argued that the t

Spotify’s current AI bet is about being the music service that agents choose

May 14, 2021 | TechCrunch AI
Spotify’s current AI bet is about being the music service that agents choose
Co-CEO Gustav Söderström thinks the music streaming giant is particularly well-suited to this shift. “Spotify is in one of the few categories that actually stands to thrive in the agentic age,” Söderström tells investors. “This is because agents excel at replacing and taking care of things people would rather not do. People love getting rid of chores. But entertainment is the opposite. Nobody asks an agent to ‘summarize a song’ for them.” Instead of openin

Apple slashes internal AI budgets, with deeper cuts still planned

May 16, 2021 | The Decoder
Apple slashes internal AI budgets, with deeper cuts still planned
Apple slashes internal AI budgets, with deeper cuts still planned Maximilian Schreiner View the LinkedIn Profile of Maximilian Schreiner Nov 5, 2026 Tech companies are cutting internal AI spending, and Apple is the latest to follow suit. According to Bloomberg, Apple slashed the daily token budget for some engineers last month from $300 to $200. More cuts are planned, potentially dropping to $100 a day, and as low as $25 for some non-technical teams. Emplo

Meta quietly launches an AI fashion app called Style Sketch

May 27, 2021 | TechCrunch AI
Meta quietly launches an AI fashion app called Style Sketch
Style Sketch then suggests outfit combinations built from your wardrobe matched to your style. Users can then try on the outfits on a “realistic model matched to your body shape and skin tone,” the app description reads. The app, which was first spotted by social media consultant Matt Navarra, is available in Indonesia, Singapore, and Thailand on iOS and Android. Meta did not respond to TechCrunch’s request for comment. It’s unknown whether Meta plans to l