Tesla’s Workforce Reduction Triggers 29% Drop in Market Shares


May 21, 2024

Tech News

Tesla Inc. is undergoing a period of significant job cuts, with CEO Elon Musk aiming to reduce the workforce by at least 10%. The layoffs, which have been ongoing for over a month, are expected to continue through at least June. Employees report a tense atmosphere, with many fearing the receipt of a layoff email each day. The uncertainty and job losses have contributed to a 29% slump in Tesla shares this year, eroding $224 billion in market value.

Microsoft announced the introduction of Copilot+ PCs, a new lineup of Windows machines designed to integrate generative AI-powered features deeply into the Windows 11 experience. These features include Recall, which helps users find previously accessed content, and Super Resolution for upscaling old photos. The Copilot+ PCs, starting at $999, are equipped with dedicated AI chips (NPUs) and aim to bring generative AI to the forefront of computing. Microsoft also unveiled new Surface devices focusing on performance and battery life.

OpenAI announced it would temporarily halt the use of a synthetic voice in its ChatGPT product that resembled actress Scarlett Johansson. Johansson expressed shock and disbelief that OpenAI pursued a voice similar to hers after she declined to collaborate on the project. OpenAI clarified that the voice, named “Sky,” was not intended to mimic Johansson but was based on another actress’s natural speaking voice. The company is working on a solution to pause the use of “Sky” amid the controversy.

Tech Explained

Artificial Intelligence – Artificial Intelligence (AI) refers to the simulation of human intelligence processes by machines, especially computer systems. These processes include learning, reasoning, and self-correction.

Generative AI – Generative AI refers to AI models that generate new data samples that resemble the training data. It is used in various applications such as image generation, text-to-speech synthesis, and more.

Synthetic Voice – Synthetic Voice is a technology that generates human-like speech using artificial intelligence algorithms. It is commonly used in virtual assistants, voiceovers, and other applications.

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