In other news, Apple's CFO Luca Maestri is set to step down from his role at the start of next year, with Kevan Parekh, the current VP of Financial Planning, set to replace him. Care.com has been ordered by the U.S. Federal Trade Commission to pay $8.5 million in refunds for misleading caregivers and families. Meanwhile, the arrest of Telegram's founder and CEO Pavel Durov in France has led to an increase in the app's downloads.
Key takeaways:
- Elon Musk supports California’s SB 1047, a bill that requires makers of large AI models to create safeguards against potential harm. Despite his company, xAI, being subject to the bill's requirements, Musk believes it is necessary for AI regulation.
- OpenAI, Adobe, and Microsoft support a different California bill that requires tech companies to label AI-generated content.
- Apple's Chief Financial Officer, Luca Maestri, will step down from his role effective January 1, with Kevan Parekh, Apple’s current VP of Financial Planning, set to replace him.
- Telegram founder and CEO Pavel Durov was arrested in France, allegedly for allowing illegal activities on his app, leading to a surge in the app's downloads.