Interim Budget 2024: Government Boosts ESDM and Semiconductor Industry, But Fails The EV Sector

Interim Budget 2024: Government Boosts ESDM and Semiconductor Industry, But Fails The EV Sector

The visionary step is the allocated Rs 1 Lac Crore amount for innovation and research will help in witnessing new ventures, and top-notch technologies in deep tech areas, specially components research, electronics, and semiconductors

Nijhum Rudra Mon, 02/05/2024 - 17:30
Circuit Digest 05 Feb 12:00

Samsung chair acquitted in Korean stock manipulation case

Samsung chairman Jay Y. Lee's legal troubles may be in the rearview mirror as a Korean court acquitted him of stock manipulation and accounting fraud charges over a 2015 merger, The Financial Times has reported. The ruling allows Lee to continue leading Samsung, which saw a sharp decline in revenue last year. 

Seeking a five year jail term, prosecutors accused Lee of manipulating the share price of two Samsung subsidiaries to smooth the way for a merger that allowed him to consolidate his power. However, the Seoul Central District Court ruled that the prosecutors failed to prove that. "It is hard to say that Lee Jae-yong [aka Jay Y. Lee] . . . spearheaded the merger, and that the merger was done just for the sake of Lee’s succession," the judge stated in the ruling.

The verdict will allow Lee and Samsung to focus on its declining smartphone and memory chip businesses. Samsung recently lost its smartphone sales crown to Apple, and is now behind SK Hynix in the new and hot market of high-bandwidth memory (HBM) used by NVIDIA and others to create artificial intelligence (AI) models. 

The decision was heralded by business groups including the Korea Chamber of Commerce and Industry, but not everyone in the country agreed. "The ruling will free Lee of legal risks, but I am at a loss for words in terms of the country’s economic justice," Park Ju-geun, head of corporate thinktank Leaders Index, told the FT. "This goes totally against all previous court rulings on the merger."

Lee was originally sentenced to five years in prison in 2017 after being found guilty of bribing public officials over the same merger. He walked free after a year in detention, but the South Korean Supreme Court overturned that decision and ordered the case to be retried.

While Lee was sentenced with two-and-a-half years of prison time in early 2021 in that retrial, he was paroled half a year later in a development that civic groups had described as another example of the justice system being lenient towards the country's elite. (Korea's former president Park Geun-hye also went to jail for her role in the same affair.) 

In 2022, Lee was given a pardon by South Korean President Yoon Suk Yeol, ostensibly so he could help the country overcome its economic crisis. Ironically, Yoon is the country's former chief prosecutor and oversaw the original convictions of Lee and Park. 

This article originally appeared on Engadget at https://www.engadget.com/samsung-chair-acquitted-in-korean-stock-manipulation-case-114530368.html?src=rss

Maliciously edited Joe Biden video can stay on Facebook, Meta's Oversight Board says

The Oversight Board is urging Meta to update its manipulated media policy, calling the current rules “incoherent.” The admonishment comes in a closely watched decision about a misleadingly edited video of President Joe Biden.

The board ultimately sided with Meta regarding its decision to not remove the clip at the center of the case. The video featured footage from October 2022, when the president accompanied his granddaughter who was voting in person for the first time. News footage shows that after voting, he placed an “I voted” sticker on her shirt. A Facebook user later shared an edited version that looped the moment so it appeared as if he repeatedly touched her chest. The caption accompanying the clip called him a “sick pedophile,” and said those who voted for him were “mentally unwell.”

In its decision, the Oversight Board said that the video was not a violation of Meta’s narrowly-written manipulated media policy because it was not edited with AI tools, and because the edits were “obvious and therefore unlikely to mislead” most users. “Nevertheless, the Board is concerned about the Manipulated media policy in its current form, finding it to be incoherent, lacking in persuasive justification and inappropriately focused on how content has been created rather than on which specific harms it aims to prevent (for example, to electoral processes),” the board wrote. “Meta should “reconsider this policy quickly , given the number of elections in 2024.”

The company’s current rules only apply to videos that are edited with AI, but don’t cover other types of editing that could be misleading. In its policy recommendations to Meta, the Oversight Board says it should write new rules that cover audio and video content. The policy should apply not just to misleading speech but “content showing people doing things they did not do.” The board says these rules should apply “regardless of the method of creation.” Furthermore, the board recommends that Meta should no longer remove posts with manipulated media if the content itself isn't breaking any other rules. Instead, the board suggests Meta “apply a label indicating the content is significantly layered and may mislead.”

The recommendations underscore mounting concern among researchers and civil society groups about how the surge in AI tools could enable a new wave of viral election misinformation. In a statement, a Meta spokesperson said the company is “reviewing the Oversight Board’s guidance and will respond publicly” within the next 60 days. While that response would come well before the 2024 presidential election, it’s unclear when, or if, any policy changes may come. The Oversight Board writes in its decision that Meta representatives indicated the company “plans to update the Manipulated Media policy to respond to the evolution of new and increasingly realistic AI.”

This article originally appeared on Engadget at https://www.engadget.com/maliciously-edited-joe-biden-video-can-stay-on-facebook-metas-oversight-board-says-110042024.html?src=rss

Scammers use deepfakes to steal $25.6 million from a multinational firm

Bad actors keep using deepfakes for everything from impersonating celebrities to scamming people out of money. The latest instance is out of Hong Kong, where a finance worker for an undisclosed multinational company was tricked into remitting $200 million Hong Kong dollars ($25.6 million). 

According to Hong Kong police, scammers contacted the employee posing as the company's United Kingdom-based chief financial officer. He was initially suspicious, as the email called for secret transactions, but that's where the deepfakes came in. The worker attended a video call with the "CFO" and other recognizable members of the company. In reality, each "person" he interacted with was a deepfake — likely created using public video clips of the actual individuals. 

The deepfakes asked the employee to introduce himself and then quickly instructed him to make 15 transfers comprising the $25.6 million to five local bank accounts. They created a sense of urgency for the task, and then the call abruptly ended. A week later, the employee checked up on the request within the company, discovering the truth.

Hong Kong police have arrested six people so far in connection with the scam. The individuals involved stole eight identification cards and had filed 54 bank account registrations and 90 loan applications in 2023. They had also used deepfakes to trick facial recognition software in at least 20 cases. 

The widespread use of deepfakes is one of the growing concerns of evolving AI technology. In January, Taylor Swift and President Joe Biden were among those whose identities were forged with deepfakes. In Swift's case, it was nonconsensual pornographic images of her and a financial scam targeting potential Le Creuset shoppers. President Biden's voice could be heard in some robocalls to New Hampshire constituents, imploring them not to vote in their state's primary. 

This article originally appeared on Engadget at https://www.engadget.com/scammers-use-deepfakes-to-steal-256-million-from-a-multinational-firm-034033977.html?src=rss

Globally, We Need Another 50-100 Fabs by The End of 2026 to Support the Demand for Semiconductors

Globally, We Need Another 50-100 Fabs by The End of 2026 to Support the Demand for Semiconductors

Over the past couple of years, India has already started boosting its semiconductor industry with the launch of an incentive scheme of Rs, 76,000 crores in December 2021. In an effort to fulfill the mission of the union government, the Indian Semiconductor Mission (ISM) was formed, which aims to build a vibrant semiconductor and display ecosystem. Apart from that, state governments such as Gujarat, Odisha, Tamil Nadu, and Uttar Pradesh also unleashed their own semiconductor policy to grow the industry.

Nijhum Rudra Mon, 02/05/2024 - 15:41
Circuit Digest 05 Feb 10:11

Apple Vision Pro teardown deconstructs the weird-looking EyeSight display

One of Vision Pro's most intriguing features is undoubtedly the EyeSight display, which projects a visual feed of your own eyes to better connect with people in the real world — because eye contact matters, be it real or virtual. As iFixit discovered in its teardown, it turns out that Apple leveraged stereoscopic 3D effect as an attempt to make your virtual eyes look more life-like, as opposed to a conventional "flat" output on the curved OLED panel. This is achieved by stacking a widening optical layer and a lenticular lens layer over the OLED screen, which is why exposing the panel will show "some very oddly pinched eyes." The optical nature of the added layers also explain the EyeSight display's dim output. Feel free to check out the scientific details in the article.

While iFixit has yet to do more analysis before it can give the Vision Pro a repairability score, so far we already know that the front glass panel "took a lot of heat and time" to detach from the main body. That said, the overall modular design — especially the speakers and the external battery — should win some points. As always, head over to iFixit for some lovely close-up shots of the teardown process.

This article originally appeared on Engadget at https://www.engadget.com/apple-vision-pro-teardown-deconstructs-the-weird-looking-eyesight-display-083426548.html?src=rss

Indie labels say Apple Music’s spatial audio royalties only ‘benefit the biggest player’

Apple’s new plan to give a higher cut of royalties to artists who offer spatial audio has pissed off some indie labels, who argue it will take potential earnings away from them in favor of companies with more resources at their disposal, according to a report from the Financial Times. Apple last month started offering 10 percent higher royalties to artists who release spatial audio tracks on Apple Music. But, this comes out of the same fixed pool of money also used to pay artists who do not offer the format.

Spatial audio is produced using Dolby Atmos technology and, according to executives who spoke with FT, costs roughly $1,000 more per song. A whole album would cost about 10 times as much — now multiply that to account for the hundreds or thousands of albums a label may have in its back catalog. The Financial Times spoke with executives from Beggars Group, Secretly and Partisan Records, which house labels representing artists including Vampire Weekend, Phoebe Bridgers and others.

One executive told FT, “If [this policy] takes between 5 and 10 percent off of your global revenues, and not even because the songs aren’t performing but because you lose that money and it goes to Universal, the biggest player in the market, we’re definitely concerned. It’s hard enough to make money off of streaming.” They plan to take it up with Apple in hopes of working out a better deal.

This article originally appeared on Engadget at https://www.engadget.com/indie-labels-say-apple-musics-spatial-audio-royalties-only-benefit-the-biggest-player-211730447.html?src=rss

A four-pack of Apple AirTags is back on sale for $79

Thanks to a sale on Amazon right now, you can pick up a few extra Apple AirTags at a discount. A four-pack of the Bluetooth trackers is $20 off the normal price of $99, dropping them down to just $79. It’s the best price for a pack of AirTags we’ve seen yet this year. For iPhone owners, there’s no better option than AirTags for keeping track of your things, as they’re able to make use of Apple’s massive Find My network to help pinpoint lost objects.

AirTags’ ability to use crowd-sourced location information from the millions of Apple devices currently in operation means you have a really good shot at tracking whatever it is that’s gone missing. But we often lose items somewhere within our own homes, too, and Find My has a Precision Finding feature on compatible iPhones for those instances where the object is somewhere close by. Using the Find My app, you can ping the tracker so it plays a sound, and the app will lead you to the lost item with directional arrows, even showing you about how many feet away it is.

The battery in the tracker lasts roughly a year, so you generally don’t need to worry about it running out. Once it is ready to be changed, it only takes one CR2032 coin battery. There is one downside to the AirTags design, though — there’s no built-in key loop or method of attaching to another item, so if you want to clip it onto something, you’ll need to buy an accessory. And there are plenty of great AirTags accessories out there.

AirTags are IP67 rated for dust and water resistance, and you can use them to track as many as 32 items in the Find My app. You just need to have an Apple device to make use of their tracking capabilities.

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This article originally appeared on Engadget at https://www.engadget.com/a-four-pack-of-apple-airtags-is-back-on-sale-for-79-155353925.html?src=rss

20 years later, Facebook is a supporting character in the Mark Zuckerberg universe

It’s been 20 years since Mark Zuckerberg first brought thefacebook.com online from his dorm room. What happened next has been endlessly documented: the Harvard-only social network took over college campuses and, eventually, the world.

The social network occupies an increasingly awkward space in Meta’s “family” of apps. A majority of American adults still use the service, but three out of four believe Facebook — perhaps because it fueled a global misinformation crises and promoted genocidal hate speech — is “making society worse.” Facebook still generates billions of dollars in ad revenue for Meta, but user growth has slowed to the point where the company just announced it will no longer share how many people use it.

“Amen spam” regularly appears in Facebook’s list of most-viewed posts. The most prolific users on its game-streaming service are spammers. Faced with increased pressure from TikTok, Meta rejiggered its feed, yet again, to emphasize recommendations over posts from people you know. But the shift hasn’t made Facebook feel like TikTok as much as a strange window into what Meta’s algorithms deem most engaging and least offensive.

My own Facebook feed is inundated with posts from groups I don’t belong to dedicated to anodyne topics like home remodeling, cast iron pan enthusiasts and something called the “Dull Men’s Club.” I haven’t shared anything to my own page in more than a year, despite logging in almost daily. I’m hardly an outlier. A majority of adults now say they are “pickier” than they used to be about what they post on social media.

Unsurprisingly, teens have almost no interest in the social network of their parents and grandparents. Just 33 percent of US teens report “ever” using the service, compared with 71 percent in 2015. These dynamics, in which Facebook’s user base is aging faster than its product, has led some academics to conclude that the social network will one day have more profiles for dead people than alive.

Today, Facebook has more than 3 billion users and remains the workhorse of the Mark Zuckerberg cinematic universe, even if it's no longer the title character. Instead, it’s just one of his company’s “family” of apps. In 2021, it was formally demoted when Zuckerberg rebranded the company as Meta. "Our brand is so tightly linked to one product that it can't possibly represent everything that we're doing today, let alone in the future," Zuckerberg said of Facebook. "From now on, we're going to be metaverse-first, not Facebook-first."

Whether Meta has succeeded in becoming a “metaverse-first” company is, at best, debatable. But few would argue it’s anything close to “Facebook-first.” More recently, Zuckerberg has tried to pitch Meta as a metaverse company and an AI company, joining the race to create human-level superintelligence.

At the same time, the only reason Zuckerberg’s ambitions are even possible is because of Facebook’s success. Meta has lost tens of billions of dollars on its metaverse investments, and expects to lose even more for the foreseeable future. The company also plans to spend billions more on AI infrastructure (AGI doesn’t come cheap).

These investments will determine whether Zuckerberg’s bet on the future of social media is correct. And if he realizes his vision for an AI chatbot, metaverse-enabled future, it will have been possible largely because of the unparalleled financial success of the oldest and dullest part of his empire.

This article originally appeared on Engadget at https://www.engadget.com/20-years-later-facebook-is-a-supporting-character-in-the-mark-zuckerberg-universe-140044870.html?src=rss

Japan’s moon lander took this eerie photo before being enveloped by lunar night

Against all odds, Japan’s SLIM lander managed to turn back on more than a week after it plopped upside down onto the surface of the moon — but now, it’s gone dormant for the duration of the lunar night, and it may not be able to wake up again. The SLIM team from the Japanese space agency, JAXA, on Thursday shared the last image the lander captured at the moon’s Shioli crater before dusk, as night encroached. Lunar night lasts the equivalent of two Earth weeks and can get colder than 200 degrees Fahrenheit.

Last night (1/31 ~ 2/1) we sent a command to switch on #SLIM’s communicator again just in case, but with no response, we confirmed SLIM had entered a dormant state. This is the last scene of the Moon taken by SLIM before dusk. #GoodAfterMoon #JAXA pic.twitter.com/V1iAUoxJFK

— 小型月着陸実証機SLIM (@SLIM_JAXA) February 1, 2024

The team has confirmed that the solar powered lander is in a dormant state that will last at least the duration of the lunar night. Its chances of resuming operations afterward aren’t great, but then again, it’s already surprised us once. “Although SLIM was not designed for the harsh lunar nights, we plan to try to operate again from mid-February, when the Sun will shine again on SLIM’s solar cells,” the team wrote on X. If this truly is SLIM’s last photo, it sure is a spooky one.

This article originally appeared on Engadget at https://www.engadget.com/japans-moon-lander-took-this-eerie-photo-before-being-enveloped-by-lunar-night-221438290.html?src=rss