Apple CEO Tim Cook will take a 40% pay cut this year, giving him a total compensation target of $49M, according to a regulatory filing. It's likely that stock awards and bonuses could increase the final amount. Cook earned $99.4M last year, a boost of $15.4M above his targeted salary. More: - According to the filing, Cook himself made the recommendation "to adjust his compensation in light of feedback received."
- Apple's executive compensation committee said it based the decision on Cook's recommendation along with shareholder feedback and the company performance's.
- In 2023, Cook's base pay and annual cash incentive will remain unchanged at $3M and $6M, respectively.
- His equity award value has dropped to $40M from $75M last year. The CEO's equity award is now 75% based on performance and 25% time-based vesting, a change from last year's 50-50.
- Cook, who joined Apple in 1998, was promoted to CEO in 2011 after Steve Jobs resigned. In 2015, Cook said he planned to donate nearly all of his fortune to charity.
CNBC 
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Tesla has lowered prices by up to 20% on some of its vehicles sold in the U.S. and Europe. In some cases, the price cuts will allow U.S. buyers to qualify for a $7,500 federal government tax credit for EV purchases. More: - The baseline Model Y crossover, for example, was reduced by nearly 20% to $52,990, placing it below the $55,000 cap needed for the U.S. tax credit.
- Similarly, the price of the high-performance Model 3 sedan has been slashed in the U.S. by 14%, to $53,990. The Model Y Long Range is now $52,990, down 20% from $65,990.
- In Europe, Tesla has reduced prices on the Model Y and Model 3 in Austria, France, Germany, the Netherlands, Norway, Switzerland, and the U.K.
- In 2021 and 2022, Tesla raised prices a number of times amid rising inflation and ongoing supply chain disruptions.
- Reports noted it's now facing increased competition as rival automakers like Ford ramp up their EV production. Tesla saw its percentage of U.S. EV sales drop from 72% in 2021 to 65% in 2022.
THE NEW YORK TIMES
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Third-party Twitter apps have reported outages that are preventing users from logging in. Tweetbot, Twitterrific, Fenix, Talon, and Echofon began experiencing the issues late Thursday on iOS and Android versions of their apps. Twitter has yet to provide an explanation. More: - API requests from third-party clients appear to have been failing, according to Tweetbot’s Paul Hadad.
- As a result, some users have only been able to access Twitter via its website and official client.
- Some users speculated that Twitter is shutting down third-party access to force people to use its own apps. However, this has yet to be confirmed.
- “I’m hoping that whatever is going on at Twitter is just some automated spam protection bot that is incorrectly suspending proper apps, or something similar," Tweetbot co-creator Paul Haddad posted on Mastodon.
- Last month, a TwitterDev account pledged that the company would continue to invest in its developer platform, "especially our Twitter API."
TECHCRUNCH
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Meta has filed a lawsuit against Voyager Labs, alleging that the U.K. company created fake Facebook accounts in order to scrape data from its platform. Meta claims Voyager has advertised its scraping tools to companies seeking to covertly surveil social media platforms. Its customers have included the Los Angeles Police Department. More: - Voyager has billed itself as a social media monitoring firm that surveils the posts of alleged suspects and their associates to predict crimes.
- In the legal complaint, Meta accused Voyager of creating 38,000 fake accounts, which it used to scrape the viewable profile data of 600,000 Facebook users.
- Meta claims Voyager used its surveillance software to collect the data from both Facebook and Instagram without approval.
- Voyager is accused of violating Meta's terms of service. The Facebook parent company has also asked the court to block Voyager's access from both Facebook and Instagram.
- Starting in 2019, Voyager provided its surveillance tools to the Los Angeles Police Department to allegedly forecast crimes, part of a newer emerging trend known as predictive policing.
THE VERGE
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Congressional lawmakers turned down a U.S. Army request for $400M to purchase up to 6,900 combat goggles based on Microsoft's HoloLens technology. Instead, Congress has allocated only $40M toward the request in its $1.7T FY 23 omnibus spending bill. More: - Lawmakers rejected the larger figure after field tests showed that the augmented reality goggles caused headaches, eyestrain, and other "mission-affecting physical impairments."
- The $40M will go to the Integrated Visual Augmentation System (IVAS), a U.S. Army program that is developing a modified version of the HoloLens for the military.
- Microsoft and the Army are now working on Version 1.2, which will include an updated form factor to address the physical symptoms, along with a lower profile heads-up display and software upgrades.
- The IVAS system is designed to help U.S. soldiers view virtual 3D maps of their surroundings, see through smoke, view the positions of other soldiers, and monitor their health, among other use cases.
BLOOMBERG
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Turnitin, an anti-cheating software maker, said it plans to launch a service that can tell whether students have used OpenAI's ChatGPT to write assignments. Turnitin already offers software that detects plagiarism and some types of AI-generated writing. About 16,000 school systems worldwide currently use Turnitin. More: - The writings of ChatGPT and other AI models are often noticeable because "they write extremely average," according to Turnitin AI VP Eric Wang.
- Humans, on the other hand, are "idiosyncratic," he said.
- A beta release of Turnitin's ChatGPT detector could launch later this year.
- Meanwhile, ChatGPT creator OpenAI is also working on a tool to detect if text was created using the chatbot.
- Similarly, a Princeton computer science student built an app, called GPTZero, that he says can identify words and phrases written by ChatGPT.
- Earlier this month, New York City's Department of Education restricted ChatGPT access across its public school devices and networks, citing concerns over the "negative impacts on student learning."
BUSINESS INSIDER
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- Alphabet's Intrinsic robotics subsidiary has initiated layoffs affecting nearly 20% of its workforce. Also this week, Alphabet made staff cuts at its life-sciences subsidiary Verily, affecting about 1,700 employees.
- Hewlett Packard Enterprise has purchased Pachyderm for an undisclosed sum. Pachyderm offer tools to help enterprises create and manage AI projects.
- Google and Nvidia have joined Sony in voicing concerns about Microsoft's proposed $69B acquisition of Activision Blizzard. The tech giants reportedly provided details to the U.S. Federal Trade Commission (FTC) that support the agency's own antitrust concerns. The FTC sued to block the deal in December, and Google and Nvidia could now be called to testify in the trial.
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 |  | Beth is a writer and editor at Inside.com covering artificial intelligence and daily technology news. You can reach her at Beth.Duckett@inside.com. |   | | Editor | Eduardo Garcia is a writer and editor based in New York. He is the author of "Things You Can Do," an illustrated book about climate action. Bylines in The New York Times, The Guardian, Slate, Scientific American, and others. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
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