Amazon faces class action lawsuit over Ring facial recognition feature

They first made headlines by bolting facial recognition onto Meta's Ray-Bans to show how easily the technology could identify strangers in the street. Now Anhphu Nguyen and Caine Ardayfio have a product of their own: Mira, a $650 pair of AI glasses, with no camera this time, that quietly transcribes and summarises everything, so you can turn your life into a searchable database.

The post Bitcoin Faces Prolonged Downtrend Through 2027, Analyst Warns appeared on BitcoinEthereumNews.com. They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of jo

Bitcoin’s market cap has dropped to roughly $1.46 trillion, pushing it below several major technology companies and commodities in global asset rankings. Related Reading: Unknown Wallet Destroys $8.5 Million In Bitcoin In Shocking Burn Gold Holds Top Spot As BTC Slides Gold remains the world’s most valuable asset at nearly $31 trillion, with Nvidia, Apple, Alphabet, Microsoft, Amazon, TSMC, Broadcom, Saudi Aramco, Tesla, and Meta Platforms all ranked above Bitcoin. The drop reflects mounting pressure on the cryptocurrency from multiple fronts — including rising inflation, geopolitical conflict, and weakening investor sentiment. Ki Young Ju, chief executive of crypto analytics firm CryptoQuant, now says the bear market could stretch into early 2027. His assessment is based on an on-chain profitability model that tracks how long investor losses typically drag on once profit-taking begins to unwind. Once profit-taking cascades, Bitcoin investors’ PnL typically falls for about 18 months. S

Loryn Brantz created The Good Advice Cupcake for BuzzFeed years ago. The company licensed the character for a new Amazon series—made with AI—without her consent.

Enterprises everywhere have been urging employees to adopt AI, with internal leaderboards springing up to show who has used the most AI tokens. Such games can backfire, though, as Amazon recently discovered. Kirorank, an unofficial leaderboard tracking usage of Amazon’s Kiro AI tool, ranked workers according to their AI activity, but senior managers at Amazon found that employees were creating AI agents to carry out unnecessary tasks in an attempt to boost their scores, a practise known as tokenmaxxing, according to a report in the Financial Times. The tracker has now been taken offline. Kirorank The FT quoted an Amazon senior VP as saying that the leaderboard had been built “with good intentions” but the compute costs it generated were too high. Amazon is not the only company to find that attempts to boost AI use can have negative implications. In April, Meta killed an unofficial ranking system called Claudeoconomics, which had also led to a frenzy of tokenmaxxing. Token usage is easy

Meta has raised the possibility that it could be joining the likes of Amazon, Microsoft and Google in offering cloud services at some point in the future — although potential customers shouldn’t be adding the company to their suppliers list just yet. When asked about plans for offering such services at the company’s annual shareholders meeting,  Meta CEO Mark Zuckerberg said there was a possibility of the company competing with the major hyperscalers. “It’s definitely on the table.” He explained that different companies were approaching Meta asking for the company to offer an API service or to buy compute services at a premium price. “We haven’t done it yet, because we think we have a use for the compute, but when we feel we have overbuilt, then that is an option that we have.” Meta has been active in developing its data centers over the past few years, so there will be a possibility of some excess capacity. It is also developing its own AI chips. For the moment, though, the company ma

Crypto analyst The Short Bear has addressed investors who are currently capitulating on Ethereum and offloading their coins. He cited a mistake these investors are currently making that could cost them money when the bull thesis for ETH eventually plays out.  Analyst Reveals Misconception Investors Have About Ethereum In an X post, the Short Bear said that many people are mistaken in treating Ethereum like an end-stage Amazon as if the main question is already about mature margins, fees, and cash flows. He explained that, in reality, the layer-1 network is still very much earlier in its economies-of-scale phase, with nearly all metrics in the top-right corner and growing at mid-double-digit to triple-digit rates.  Related Reading: Can Ethereum Stage The Biggest Comeback In History? Why Price Could Double The analyst further stated that most of the market is focused on the wrong battle, of which network can become the fastest and cheapest payment processor. However, he opined that the r

The explosion may delay Blue Origin's launch schedule, impacting Amazon's Project Kuiper timeline and raising investor concerns. The post Blue Origin’s New Glenn rocket explodes during test at Cape Canaveral appeared first on Crypto Briefing.