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Cenntro Electric Group Limited announces approval of the scheme of arrangement by the Supreme Court of New South Wales

FREEHOLD, N.J. — (BUSINESS WIRE) — Cenntro Electric Group Limited (NASDAQ: CENN) (“Cenntro” or “the Company”), a leading electric vehicle technology company with advanced, market-validated electric commercial vehicles, refers to the proposed scheme of arrangement in relation to which Cenntro will re-domicile from Australia to the United States (“U.S.“, the “Scheme”), and under which Cenntro will become a subsidiary of Cenntro Inc., a corporation incorporated in accordance with the laws of the state of Nevada for the purpose of effecting the Scheme.

 

Cenntro is pleased to announce that the Supreme Court of New South Wales, Australia (the “Court“) made orders approving the proposed Scheme on Friday, Feb. 16, 2024 (Australian Eastern Daylight Time, “AEDT“).

 

Cenntro further confirms that it has today lodged an office copy of the orders made by the Court approving the Scheme with the Australian Securities and Investments Commission (“ASIC“) pursuant to sub-section 411(10) of the Corporations Act 2001 (Cth), as a result of which the Scheme is now legally effective.

 

An office copy of the Court orders lodged with ASIC is attached at Annexure A to this press release.

 

Eligible Cenntro shareholders who hold Cenntro ordinary shares of the Company as at 7 p.m. (AEDT) on Thursday, Feb. 22, 2024 (the “Record Date“) will receive one share of common stock in Cenntro Inc. in exchange for every one ordinary share of the Company which such eligible Cenntro shareholder held as of the Record Date.

 

Next steps

An indicative timetable of the key milestones remaining under the Scheme is set out below:

Expected date*

Event

Thursday, February 22, 2024 at 7:00pm

Record Date – being the time and date for determining entitlements to Scheme consideration

Tuesday, February 27, 2024

Implementation date – being the date on which the Scheme will be implemented and Cenntro shareholders will receive the Scheme consideration which they are entitled to

Thursday, February 29, 2024

Commencement of dispatch to Eligible Cenntro shareholders of statements confirming the issue of common stock in Cenntro Inc.

 

*All dates and times listed in the table above are in AEDT and are indicative only and subject to change. Cenntro, in consultation with Cenntro Inc., may vary any or all of these dates and times and will provide reasonable notice of any such variation. Any changes will be announced by Cenntro to Nasdaq and published on Cenntro’s website at www.cenntroauto.com.

 

About Cenntro Electric Group Ltd.

Cenntro Electric Group Ltd. (NASDAQ: CENN) is a leading maker and provider of electric commercial vehicles (“ECVs”). Cenntro’s purpose-built ECVs are designed to serve a variety of commercial applications inclusive of its line of class 1 to class 4 trucks. Cenntro is building a globalized supply-chain, as well as the manufacturing, distribution, and service capabilities for its innovative and reliable products. Cenntro continues to evolve its products capabilities through advanced battery, powertrain, and smart driving technologies. For more information, please visit Cenntro’s website at: http://www.cenntroauto.com/.

 

Forward-Looking Statements

This communication contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. Such statements may be, but need not be, identified by words such as “may,” “believe,” “anticipate,” “could,” “should,” “intend,” “plan,” “will,” “aim(s),” “can,” “would,” “expect(s),” “estimate(s),””project(s),” “forecast(s)”, “positioned,” “approximately,” “potential,” “goal,” “strategy,” “outlook” and similar expressions. Examples of forward-looking statements include, among other things, statements regarding assembly and distribution capabilities, decentralized production, and fully digitalized autonomous driving solutions. All such forward-looking statements are based on management’s current beliefs, expectations and assumptions, and are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results expressed or implied in this communication. For additional risks and uncertainties that could impact Cenntro’s forward-looking statements, please see disclosures contained in Cenntro’s public filings with the SEC, including the “Risk Factors” in Cenntro’s Annual Report on Form 10K/A filed with the Securities and Exchange Commission on July 6, 2023 and which may be viewed at www.sec.gov.

Contacts

Investor Relations Contact:
Chris Tyson

MZ North America

CENN@mzgroup.us
949-491-8235

Company Contact:
PR@cenntroauto.com
IR@cenntroauto.com

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OPEX® Corporation to demonstrate its Warehouse Automation technology at MODEX 2024, with launch of its newest solutions

MOORESTOWN, N.J. — (BUSINESS WIRE) — OPEX® Corporation, a global leader in Next Generation Automation for almost 50 years, will showcase its advanced Warehouse Automation solutions at MODEX 2024, the largest manufacturing and supply chain trade event, scheduled for March 11 through 14 at the Georgia World Congress Center in Atlanta.

 

“We look forward to participating in MODEX once again in 2024,” said Alex Stevens, President, Warehouse Automation, OPEX.

 

“This gathering provides an ideal forum to engage with industry thought leaders, and to demonstrate the innovative solutions in our Warehouse Automation portfolio. We’re particularly excited to be introducing our most advanced sorting solutions yet at MODEX 2024.”

 

At MODEX Booth #B6602, OPEX will be exhibiting two of its premier solutions. Onsite will be the Infinity® automated storage and retrieval system (AS/RS), first introduced at MODEX 2022. Designed to reduce labor challenges, drive order accuracy, maximize existing space, and scale to meet demand, the Infinity AS/RS features unparalleled storage density, configurability, and flexibility. This next generation goods-to-person solution is ideal for multiple applications, including omni-channel distribution, store replenishment, micro-fulfillment, and ecommerce.

 

Making its debut at MODEX will be OPEX Corporation’s newest innovations in automated sortation. A press conference will be held in OPEX Booth #B6602 on Monday, March 11 at 10:30 am ET, where the company will unveil its latest technology. Onsite demonstrations will occur throughout the duration of the show.

 

OPEX will also host an educational session titled “The Future of Sortation” on Tuesday, March 12, from 2:30 to 3:25 pm ET in the Emerging Technologies Theater. During this session, Drew Stevens, Vice President, Global Business Development and Marketing, OPEX, will discuss the benefits of automating the sortation process and the various options available across the marketplace.

 

For nearly five decades, OPEX Corporation has served as a trusted partner, collaborating closely with clients to develop customized, scalable solutions that transform how business is conducted. OPEX continuously reimagines automation technology to help clients solve their most significant business challenges, today and in the future.

 

About OPEX

OPEX® Corporation is a global leader in Next Generation Automation, providing innovative, unique solutions for warehouse, document and mail automation. With headquarters in Moorestown, NJ, USA—and facilities in Pennsauken, NJ; Plano, TX; France; Germany; Switzerland; the United Kingdom; and Australia—OPEX has more than 1,600 employees who are continuously reimagining and delivering customized, scalable technology solutions that solve the business challenges of today and in the future.

Contacts

Laura Evans

levans@opex.com
+1.856.727.1100 x 5012

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Avaya’s CEO Alan Masarek to deliver ITEXPO 2024 keynote: Deciphering the right innovation language for the boardroom

Avaya executives also featured in presentations focusing on balancing AI with better employee engagement, improving contact center agent experiences, and the future of work in the Contact Center

 

 

FORT LAUDERDALE, Fla. & MORRISTOWN, N.J. — (BUSINESS WIRE) — Avaya, a global leader in customer experience solutions, continues to invest and anchor itself in wider industry conversations with its upcoming speaking engagements at this year’s 25th edition of ITEXPO 2024, one of the largest and longest-running technology events.

 

The technology conference is scheduled from Feb. 13 to 15 at the Broward County Convention Center in Fort Lauderdale, Fla.

 

Avaya CEO Alan Masarek’s ITEXPO keynote will highlight a pivotal gap in communication between the business-results focus of CEO’s and boards of directors and the tech priorities of IT leaders, to help ITEXPO attendees understand how to better and more successfully communicate innovation projects with senior leaders, and how companies can correctly tie innovation investments to company financial results. The keynote session will take place on Wednesday, Feb. 14 at 2:30 p.m. ET in the Floridian ballroom.

 

“Understanding the critical balance between innovation and operational priorities is essential in today’s landscape, and I look forward to sharing practical insights on how to best position the critical role IT investments can make toward improved business performance,” said Alan Masarek, CEO of Avaya.

 

“In today’s experience economy, customer experience will be how brands grow, differentiate, and win, and Avaya can offer perspectives that can help CX practitioners and leaders get on the path to consuming AI-power innovation with faster time to value.”

 

In addition to the Avaya keynote, Global Vice Presidents Jay Patel (Product Management) and Susan Terry (Portfolio Maximization) will be participating in three on-stage panels on Feb. 14 in conversations with fellow industry leaders. Patel will participate in two sessions: “Finding the balance with AI for better employee engagement” at 9 a.m. (West building) room 209B, and “How successful companies improve agent experience” at 10 a.m. ET (West building) room 209A. Terry’s discussion will explore the future of work with a spotlight on contact center agents as their unsung heroes, at 10 a.m. ET (West building) room 209B.

 

ITEXPO brings communications and technology professionals together across the entire ecosystem: Enterprise and SMB telecom and IT executives, small business owners, MSP and Channel C-level executives and business owners, service provider/carrier engineers and network executives, and industry suppliers and solutions providers.

 

To register for attendance, visit ITEXPO’s registration page.

 

Additional Resources

 

About Avaya

Businesses are built by the experiences they provide, and every day, millions of those experiences are delivered by Avaya. Organizations trust Avaya to provide innovative solutions for some of their most important ambitions and challenges, giving them the freedom to engage their customers and employees in ways that deliver the greatest business benefits. Avaya contact center and communications solutions power immersive, personalized, and unforgettable customer experiences that drive business momentum. With the freedom to choose their journey, there’s no limit to the experiences Avaya customers can create.

Learn more at https://www.avaya.com

 

Cautionary note regarding forward-looking statements

This document contains certain “forward-looking statements.” All statements other than statements of historical fact are “forward-looking” statements for purposes of the U.S. federal and state securities laws. These statements may be identified by the use of forward-looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “our vision,” “plan,” “potential,” “preliminary,” “predict,” “should,” “will,” or “would” or the negative thereof or other variations thereof or comparable terminology. These forward-looking statements are subject to a number of factors and uncertainties that could cause the Company’s actual results to differ materially from those expressed in or contemplated by the forward-looking statements. Such factors include, but are not limited to, risks attendant to the bankruptcy process, including the Company’s ability to emerge successful from the Company’s voluntary cases under chapter 11 of the United States Bankruptcy Code, and other factors discussed in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2021, subsequent quarterly reports on Form 10-Q filed with the SEC and other public statements made from time-to-time. These risks and uncertainties may cause the Company’s actual results, performance, liquidity or achievements to differ materially from any future results, performance, liquidity or achievements expressed or implied by these forward-looking statements. The Company cautions you that the list of important factors included in the Company’s SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this report may not in fact occur. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

 

All trademarks identified by ®, TM, or SM are registered marks, trademarks, and service marks, respectively, of Avaya Inc. All other trademarks are the property of their respective owners.

 

Source: Avaya Newsroom

Contacts

Avaya Corporate PR:

Corpcommsteam@avaya.com

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FCC outlaws scam robocalls like fake, AI-created voices, now state AGs have legal tools to pursue illegal robocallers 

Brian Fung / CNN:

 

 

—  The Federal Communications Commission said Thursday it is immediately outlawing scam robocalls featuring fake, artificial intelligence-created voices, cracking down on so-called “deepfake” technology that experts say could undermine election security or supercharge fraud.

The unanimous FCC vote extends anti-robocall rules to cover unsolicited AI deepfake calls by recognizing those voices as “artificial” under a federal law governing telemarketing and robocalling.

The FCC’s move gives state attorneys general more legal tools to pursue illegal robocallers that use AI-generated voices to fool Americans, the FCC said.

 

“Bad actors are using AI-generated voices in unsolicited robocalls to extort vulnerable family members, imitate celebrities, and misinform voters,” said FCC Chairwoman Jessica Rosenworcel in a statement.

“We’re putting the fraudsters behind these robocalls on notice.”

The decision to interpret the 1991 Telephone Consumer Protection Act (TCPA) more broadly to include AI-generated voices comes weeks after a fake robocall that impersonated President Joe Biden targeted thousands of New Hampshire voters and urged them not to participate in the state’s primary.

Authorities said this week they had linked those fake calls to a Texas man and two companies in an ongoing investigation that could lead to civil and criminal penalties.

In its announcement Thursday, the FCC said those who wish to send robocalls “must obtain prior express consent from the called party before making a call that utilizes artificial or prerecorded voice simulated or generated through AI technology.”

With Thursday’s change, scam robocalls featuring cloned voices would be subject to the same fines and consequences associated with illegal robocalls that do not use the technology. The FCC had announced it was considering the proposal last week.

Violations of the TCPA can carry stiff civil penalties. In 2021, the FCC announced a $5 million proposed fine against right-wing operatives Jacob Wohl and Jack Burkman for allegedly using illegal robocalls to discourage voting in the 2020 election.

The number of robocalls placed in the US peaked at around 58.5 billion in 2019, according to estimates by YouMail, a robocall blocking service. Last year, the figure was closer to 55 billion.

As the FCC updates its interpretation of federal law, some US lawmakers have proposed revising the law directly to further deter illegal robocallers. House Democrats unveiled legislation this year that would double the TCPA’s maximum penalties when a robocall violation involves the use of AI.

 

 

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— Techmeme

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HMG unveils Compass340B as part of extensive rebranding initiative

PARSIPPANY, N.J. — (BUSINESS WIRE) — HMG Consulting Services, LLC. is rebranding to Compass340B, to better reflect what we do: offer a fleet of services and technologies that support 340B stakeholders in achieving their 340B program performance and compliance goals.

 

Compass340B is our customers’ 340B Navigator!

 

“During the formative HMG years, our focus was to build service offerings and tools to ensure they were effective, complementary, and customized to our customers’ needs. As Compass340B, we are keeping with our roots, and looking forward to rolling out our web-based technology that will automate compliance in the second half of 2024,” says Nathan Coney, Vice President Sales of Compass340B.

 

“The improved branding will provide a better understanding of the company’s mission, with enhanced customer experiences, valuable resources, and solutions for the 340B industry. This initiative will also encourage our customers and prospects to stay on top of their 340B program using Compass340B as their guide and our upcoming software to get them there,” Nathan adds.

 

About Compass340B:

HMG Consulting Services, LLC. dba Compass340B was founded in 2015 to support our diverse network in the Healthcare industries by providing solutions specializing in 340B Compliance, External Audits and Business Operations. We are dedicated to providing exceptional solutions to our business partners through three key pillars: Service, Experience, and Relationships.

 

To learn about Compass340B, visit us at www.Compass340B.com

Contacts

Nathan Coney

Vice President, Sales

nconey@compass340b.com

info@compass340b.com
Telephone: 888-819-4447

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Byju’s files for Chapter 11 bankruptcy in Delaware, listing liabilities of $1B – $10B, assets from $500M – $1B for its US unit Alpha

Reuters:

 

— A U.S. unit of Indian education technology startup Byju’s has filed for Chapter 11 bankruptcy proceedings in the U.S. court of Delaware, listing liabilities in the range of $1 billion to $10 billion.
Byju’s Alpha unit listed its assets in the range of $500 million to $1 billion, according to a court filing, which showed estimated creditors in the range of 100 to 199.
The ed-tech company, founded by Byju Raveendran, was one of India’s hottest startups, valued at $22 billion in 2022, but has more recently seen lenders initiating bankruptcy proceedings against it. Some of Byju’s investors said the company’s valuation had fallen to between $1 billion and $3 billion.
Byju’s said on Monday it would raise $200 million through a rights issue of shares to clear “immediate liabilities” and for other operational costs.
It has also been negotiating the repayment of a $1.2 billion term loan in the last few months and laid off thousands of employees.
The firm has also been under the scanner of Indian authorities over alleged violations of the country’s foreign exchange laws.

 

 

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Reporting by Kanjyik Ghosh; Editing by Arun Koyyur and Shilpi Majumdar

— Techmeme

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Byju’s declines investors voting rights for the removal of CEO Byju Raveendran and his family 

—  After months of private tussle, Byju’s and some of its largest investors are now taking their fight public

 

Manish Singh / TechCrunch:

 

 

Following months of behind-the-scenes conflict, Byju’s and some of its biggest investors are now publicly airing their complaints about one another.

 

Image Credits: Manjunath Kiran (opens in a new window)/ Getty Images

Byju’s, once India’s most valuable startup, said Friday its investors do not have the voting right to seek leadership changes, a day after a group of shareholders called for an extraordinary general meeting to remove founder Byju Raveendran and his family from the top roles at the edtech group.

 

In a press release, Byju’s said it will continue its deliberation to raise $200 million in a rights issue, for which it has received “encouraging responses from multiple investors.”

Separately, Byju’s leadership informed the employees earlier Friday that the ongoing rights issue has already received commitments for “more than 100 percent of the proposed amount.” They blamed investors for “seeing the crisis” as an “opportunity to conspire” and demand the removal of Raveendran.

 

The leadership at Byju’s also blamed the “artificially induced crisis” by select investors for the “slight delay” in making the January payroll.

 

Investors including Prosus, General Atlantic, Peak XV and Chan Zuckerberg Initiative said in a statement Thursday that they seek a resolution of the “outstanding governance, financial mismanagement and compliance issues; the reconstitution of the Board of Directors, so that it is no longer controlled by the founders of T&L; and a change in leadership of the Company.”

 

This is the third time the investors have sought an extraordinary general meeting (EGM). The new request follows Byju’s launching the rights issue to raise capital it said was essential for its survival. The Bengaluru-headquartered startup, once valued at $22 billion and which has raised over $5 billion, reset its valuation to $25 million in the rights issue, TechCrunch previously reported.

Here is the full Friday statement of Byju’s:

Think & Learn Private Limited, the parent of BYJU’S, has noted with sorrow, statements from a select few investors calling for an extraordinary general meeting (EGM) to replace founder and group CEO Byju Raveendran. Under these unfortunate circumstances, we would emphasise that the shareholder’s agreement does not give them the right to vote on CEO or management change.

TLPL will continue with the proposed $200 million rights issue after receiving encouraging responses from multiple investors. The company is gladened by the support received by a wide section of its shareholders

The criticality of the rights issue has been shared with all shareholders, with capital being pivotal for a successful turnaround. Unfortunately, the company and our employees are paying the price for a stand-off triggered by some investors. Business continuity is essential, and we shall prioritise this in our actions.

Byju Raveendran and his leadership team have kept TLPL afloat after three investors left the company’s board last year, triggering a broader crisis. The company, along with the advisory board consisting of Rajneesh Kumar and Mohandas Pai, constituted a working group with the investors to find a constructive way forward.

The company and its leadership have updated the working group on all crucial matters, including ongoing business restructuring, financial position and audits. TLPL has been turning around the business, cutting the monthly burn to near operational breakeven and working on an AI-led technological refresh soon. In context, the actions of some unnamed investors are disruptive at a highly challenging time.

TLPL will remain on the path of dialogue even as the founders and the leadership find ways to meet the company’s mounting obligations, including salary payouts. We want to re-emphasise that the company has not had any external investor funding for nearly two years apart from the founder infusing over $1 billion — a reason why it launched a rights issue as a quick and equitable way to raise money.

 

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— Techmeme

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Computer programmer, Gary Bowser, faces up to 40 months prison time in 2022 for pirating games, ordered to pay $14.5M to Nintendo

Patricia Hernandez / The Guardian:

 

 

—  The hacker whose involvement with anti-piracy software ended in a jail sentence has emerged from prison struggling to make rent as he starts paying his fine. ‘It could be worse,’ he says.

‘The sentence was like a message to other people’ … Gary Bowser in Toronto in August 2023.Photograph: Andrew Francis Wallace/Toronto Star/Getty Images

 

 

In April 2023, a 54-year-old programmer named Gary Bowser was released from prison having served 14 months of a 40-month sentence. Good behaviour reduced his time behind bars, but now his options are limited. For a while he was crashing on a friend’s couch in Toronto. The weekly physical therapy sessions, which he needs to ease chronic pain, were costing hundreds of dollars every week, and he didn’t have a job. And soon, he would need to start sending cheques to Nintendo. Bowser owes the makers of Super Mario $14.5m (£11.5m), and he’s probably going to spend the rest of his life paying it back.

 

Since he was a child, Bowser’s life has revolved around tinkering with electronics. His dad was a mechanical engineer, and he learned from him how to wire up model trains and mod calculators. As a teenager he already had a computer business: his mother died when he was 15, his father had retired and Bowser supported him.

Gary Bowser, left, in his 20s demonstrating projects for the TI-99 home computer event at the Chicago TI fair in the early 90s. Photograph: Courtesy of Gary Bowser

Bowser would go on to run an internet cafe, where patrons played Counter-Strike and Dance Dance Revolution, and repair hardware for a living. He got briefly caught up with the law during a stint fixing games consoles at flea markets, which nearly implicated him alongside vendors who sold pirated movies. Eventually he moved to the Dominican Republic in 2010. He spoke no Spanish for years, but he loved the place anyway: you could drive from one end to the other in just 12 hours, he recalls. It was here that Bowser – who, in a case of nominative determinism that feels almost too trite to acknowledge, shares a name with Super Mario’s in-game antagonist – started becoming the face of Nintendo piracy.

 

 

In the late 00s he made contact with Team Xecuter, a group that produces dongles used to bypass anti-piracy measures on Nintendo Switch and other consoles, letting them illegally download, modify and play games. While he says he was only paid a few hundred dollars a month to update their websites, Bowser says the people he worked with weren’t very social and he helped “testers” troubleshoot devices.

 

“I started becoming a middleman in between the people doing the development work, and the people actually owning the mod chips, playing the games,” he says. “I would get feedback from the testers, and then I would send it to the developers … I can handle people, and that’s why I ended up getting more involved.”

 

In September 2020, he was arrested in a sting so unusual that the US Department of Justice released a press release boasting about the indictment, in which acting assistant attorney general Brian C Rabbitt called Bowser and his co-defendants “leaders of a notorious international criminal group that reaped illegal profits for years by pirating video game technology of US companies.”

 

“The day that it happened, I was sleeping in my bed, it was four in the morning, I’d been drinking all night,” Bowser says. “And suddenly I wake up and see three people surrounding my bed with rifles aimed at my head … they dragged me out of the place, put me in the back of a pickup truck and drove me to the Interpol office.”

 

Bowser was arrested at the height of the pandemic, which complicated everything. He was imprisoned in a series of jails, and each transfer had Covid safety precautions that required him to spend time in isolation. Despite this, Bowser still caught the coronavirus and spent two weeks so sick that, he says, a priest would come over once a day to read him a prayer.

 

Bowser was charged with fraud over his connection to Team Xecuter. While in custody, he was also hit with a civil suit from Nintendo. Between the civil and criminal cases, he was ordered to pay $14.5m.

 

In transcripts from the court, Nintendo’s lawyer Ajay Singh outlined the company’s case against piracy. “It’s the purchase of video games that sustains Nintendo, and it is the games that make the people smile … It’s for that reason that we do all we can to prevent games on Nintendo systems from being stolen,” he told the judge.

 

Pirates are usually fined in court, but Bowser’s case was meant to draw attention. “The sentence was like a message to other people that [are] still out there, that if they get caught … [they’ll] serve hard time,” he says. As he tells it, Bowser didn’t make or develop the products that sent him to prison; he “just” updated the websites that told people what they could buy, and kept them informed about what was coming next.

 

Bowser maintains that he could have fought the allegations, and that other members of the hacking group remain at large. But fighting against 13 charges would have cost time and money. It was easier, he claims, to plead guilty and only deal with a couple of the charges. As a part of that agreement, Bowser now has to send Nintendo 20-30% of any money left over after he pays for necessities such as rent.

 

 

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— Techmeme

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Fork & Good hosts first ever tasting of hybrid cultivated meat at Davos

The food startup shared its product with thought leaders and local residents at its first large-scale tasting since the launch of its pilot facility last year

 

 

DAVOS, Sz. — (BUSINESS WIRE) — On Jan. 16, heads of state, industry experts and business leaders gathered for the annual World Economic Forum conference at Davos.

 

At the same time, a smaller, though no less consequential, event took place just 10 minutes away at Sonas Irish Pub. Food startup Fork & Good conducted the city’s first blind tasting of hybrid cultivated meat to gather feedback from an eclectic group of 40 people.

 

Participants each received two small dishes distinguished by blue and yellow stickers. One contained 100% conventional pork and the other a blend of 30% cultivated and 70% conventional pork. (Willing vegetarians also had a chance to enjoy dumplings made with a blend of plant and cultivated pork).

 

“Mixing cultivated meat with conventional meat has many advantages,” said Fork & Good Chief Scientific Officer Gabor Forgacs.

 

“It helps alleviate the rising supply chain and environmental challenges meat producers face. It also allows for the gradual introduction of cultured meat through products consumers are already used to.”

 

Perhaps most importantly, it tastes just like meat — because it is 100% meat. As Fork & Good co-founders expected, participants at the blind tasting found no major difference between the two samples. An informal poll after the tasting showed more than half of the group preferred the 30/70 blend over conventional meat on its own. The group was equally split when asked to guess which dish contained cultivated meat.

 

The tasting was led by Fork & Good CEO Niya Gupta, who said, “We are aiming to serve everyone everywhere with affordable meat so it’s exciting to get input in this open and democratic way. We had everyone, from an American professor to a Swedish nonprofit worker to a Chinese student — even a regular Swiss person walking in off the street looking for a beer. Their feedback has been critical to us as we continue our product development journey.”

 

One of the participants, global data science leader Dr. Richard Kerr, said, “I wasn’t able to tell the difference between the samples, to the point that I thought it was going to be revealed that all the samples were 100% cultured. I love the idea, and will continue to follow [Fork & Good’s] progress with interest.”

 

The lunchtime tasting was a part of UnDavos, an informal entrepreneurship-focused gathering that takes place the same week as the WEF conference. Mark Turrell, founder of UnDavos and CTO of Fresh Solutions AI, invited Fork & Good to present their product at a “meal for the future” event.

 

“It was amazing to physically experience technology being integrated into our food — the food in our mouths,” Turrell said.

 

In addition to the blind tasting, Fork & Good was invited to the main WEF conference as a Technology Pioneer, one of just 100 early-stage startups developing innovative technologies to address global challenges. Gupta participated in back-to-back meetings and roundtables, including a bilateral meeting with one of the world’s largest meat producers who couldn’t tell the difference between conventional meat and Fork & Good’s hybrid cultivated meat.

 

Founded in 2018, Fork & Good launched its pilot facility in Jersey City, New Jersey. The facility is already capable of producing six to ten times more meat per square foot than is currently possible by conventional means. Fork & Good’s cultivated meat is ready for market, pending regulatory approval by the FDA and USDA.

 

ABOUT FORK AND GOOD

From its facility in Jersey City, Fork & Good is on a mission to grow the best of meat for everyone, everywhere. The company takes a novel approach to cultivating meat by growing muscle cells directly in proprietary bioreactors for maximum flavor and nutritional value—while drastically reducing the amount of land and water used in conventional livestock production. The team has 150+ years of combined experience that spans food, agriculture, and science, and is committed to helping build the industry in a safe, transparent way. Learn more at: www.forkandgood.com.

 

Contacts

Emily Bogan, Business Operations Manager

Email: hello@forkandgood.com
Phone: (201) 201-1392

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 Upcoming ‘Help Me Write,’ Chrome experimental AI feature, potential key step for words  written by bots instead of people

—   Google is rolling out a new experimental AI web-writing assistant feature in Chrome

 

 

John Herrman / New York Magazine:

 

Thursday, Google will begin rolling its new experimental feature in Chrome, the most popular browser on Earth, and the portal through which an estimated 3 billion people read and contribute to the web: an AI writing assistant.

“Writing on the web can be daunting, especially if you want to articulate your thoughts on public spaces or forums,” the company says.

Chrome’s new tool will help users “write with more confidence,” whether they want to “leave a well-written review for a restaurant, craft a friendly RSVP for a party, or make a formal inquiry about an apartment rental.”

AI assistants have been popping up in popular software about as fast as developers can code them. Google has been testing generative AI in Gmail, Android messaging, and Docs for months; Microsoft has added similar features to Office, its Edge browser, and Windows itself.

This was, in other words, basically inevitable: as new features in an interface, “help me write” buttons and features are a natural extension of suggested replies and even spellcheck; Google has the technology to build this, and reason to believe at least some Chrome users will be excited to use it.

Millions of people already use software like ChatGPT and Anthropic to generate text that they then deploy in basically every imaginable context. Google building something similar into Chrome was only a matter of time — as soon as it could, it would.

 

At launch, this will be a right-click feature in limited testing. If it ends up anything like the generative AI tools Google has been building into Docs, it’ll be as easy to ignore as it is to use.

 

As generative AI rollouts go, though, this is a big one. For the first time, potentially billions of people will be confronted with the option to have software write on their behalf, in virtually every online context: not just emails or documents, but social-media sites, comment sections, forums, product reviews, feedback forums, job applications, and chat platforms. Instead of, or in addition to, people posting something themselves, Google will offer users statistically likely responses, as well as options for making them shorter or longer or adjusting their tone. The web as we know it is, basically, the result of billions of people typing into billions of browser text boxes with the intention of reaching other people, or at least another person. The experiences of searching, reading, shopping, and wandering on the web have depended on varying extents on the presence of text and media that other users have contributed, often for free and under the auspices of participation in human-centered systems — that is, as themselves, or some version of themselves, with other people in mind. What happens when the text boxes can fill themselves?

Features like this will be, among other things, a massive test of how people actually want to use generative AI. Text generation is already popular in situations where people have to perform highly artificial tones and styles — from the jump, ChatGPT users have found it appealing for writing résumés and cover letters, for example (although it’s unclear, for a variety of reasons, whether this is a good idea). Does a “help me write” button make sense to anyone in the context of a Reddit thread, a fired-up comment section, a jokey response to a friend’s post, a Goodreads review, or an Amazon product page? These are contexts where evidence of humanity is valuable, and where the averaged-out tones of generated text might read as competent spam.

Optimistically, based on having access to a few similar tools for the last six months, my guess is that, in many and maybe most cases, they’ll feel absurd or inappropriate to use — like productivity hacks jammed into what are basically social situations, bug-eyed Clippys hovering awkwardly next to comment threads, tools presenting themselves in contexts where their use would be strange and borderline offensive.

AI text generation makes some sort of sense when content is being extracted from people who don’t particularly want to produce it: in the form of an assignment, a mundane work task, or as a form that just needs to get filled. These are situations that are already in some way dehumanized. In less antagonistic scenarios, where writing as yourself is the point — basically, the entire category you might call elective uncompensated “posting,” or, uh, “social interaction” — using generative AI could seem like an odd choice, antisocial, self-defeating, ineffective, and indistinguishable from spam. If you’re using AI to generate a Facebook comment, why post at all? Perhaps text generation presents itself to billions of users and most of them say no thanks, most of the time, and the transformative era of generative AI instead takes the form of a somewhat more assertive grammar checker. This would amount to — or at least preview — a deflation in expectations about where this tech is heading in general; in any case, Google will be finding out soon.

It’s worth imagining weirder outcomes, though, in part because of what automation has already done to the web, and how comparatively niche uses cases have started affecting the internet for everyone else. Since the arrival of tools like ChatGPT, search results — which Google is also planning to supplement or replace with generated text — have been overwhelmed by passable (to Google, at least) generated content, tipping the already barely managed problem of SEO bait into a full-blown crisis for the basic function of one of the core tools for finding things online. Last year, in an attempt to mitigate declining search quality, Google started surfacing more “perspectives,” which is its term for posts by people with “firsthand experience” on “social media platforms, forums and other communities” — basically, posts that are categorically less likely to be SEO-driven spam, created as they were for human audiences rather than a search algorithm. Soon, with Chrome, Google will be inviting more synthetic content into every remaining source of such “perspectives” left on the open web, which, setting aside what this means for users, is a big part of the corpus on which Google trains its AI tools in the first place, leaving Google to train its next generation of AI on material generated by the last, which doesn’t sound ideal for Google.

In the narrow context of Google’s story, then, text generation is best understood as a continuation of a trend, an escalation of a process of increasingly assertive automation — of content discovery, categorization, distribution, and now creation — that was only ever leading in one direction. In the context of the slow death of the open web for reasons that predate AI — namely, the commercialization of all online interactions and subsequent collapse of the business model with which they were commercialized — it’s probably more symbolic than consequential.

Still, at the very least, we can expect the wide rollout of text generation tools to change the texture of the parts of the web that remain more or less intact and functional as spaces where people talk to each other and voluntary, helpfully share information — look out, Reddit and Wikipedia — and to subtly alter users’ feelings about contributing to such projects in the first place. We have the technology, in other words, for a web that publishes itself. Will anyone want to read it?

 

 

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— Techmeme