Here is today’s top trending news from the world of technology and AI.
1)
Musk faces SEC lawsuit over late disclosure of Twitter Stake
The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Elon Musk in federal court, alleging that Musk failed to timely disclose his acquisition of a significant stake in Twitter, now known as X. The SEC has argued in its lawsuit that he did not disclose his ownership of over 5% of Twitter’s shares within the required 10-day period after crossing that threshold in March 2022. Instead he chose to disclose it almost 11 days after purchasing the additional shares, resulting in an underpayment of at least $150 million. In its defense, Musk’s attorney, Alex Spiro, said that the lawsuit is a continuation of what he calls a “multi-year campaign of harassment” by the SEC, asserting that Tesla and SpaceX CEO has done nothing wrong.
2)
Pixelfed, the decentralized Instagram alternative, launches an IOS and Android app
Pixelfed, a decentralized competitor to Instagram, has officially launched its mobile applications for both iOS and Android. This marks a significant development for the platform, which had previously only been accessible via web browsers or third-party apps. Pixelfed operates on the ActivityPub protocol, similar to other decentralized platforms like Mastodon and PeerTube. Unlike Instagram, Pixelfed does not display advertisements and does not collect user data, appealing to users concerned about privacy and data security. Pixelfed has claimed that it has seen a surge in popularity since the launch of its apps, with reports of over 11,000 new users joining in just 24 hours after the app’s launch. It also reported significant increase in engagement, with more than 78,000 posts shared shortly after the app’s debut.
3)
Substack now offers live video broadcasting to all publishers.
Substack has officially rolled out its live video broadcasting feature to all publishers. This new capability allows creators to engage with their audiences in real-time. However, for using live video feature, Substack users need to have at least 10 free users. To initiate live broadcast, users can simply click the orange plus button on the homepage and select “Live.” They can add a title for their stream and invite guests to join. During the livestream, publishers can read comments from viewers, similar to platforms like Twitch. They can also collaborate with other publishers in real-time, although currently, only three participants are supported in a single call.
4)
Photoshop tests live co-editing feature.
Adobe has started beta-testing a new feature called live co-editing in Photoshop. The new feature allows multiple users to edit cloud-based documents simultaneously, enhancing real-time collaboration among teams. Users can work on the same Photoshop document at the same time, with changes visible to all collaborators instantly. This eliminates the need for constant file exchanges and streamlines the creative process. Currently, Live Co-Editing is available through Adobe’s beta program. Interested users can sign up to participate in testing this feature. Adobe has not yet announced a timeline for a public release, and users are advised to exercise caution when using beta features for critical projects.
