Software companies experienced a $2 trillion market cap wipeout last week, despite the overall bullish trend in the stock market, according to Fortune. This downturn, the largest non-recessionary 12-month drawdown in over 30 years, saw the sector's weight in the S&P 500 decrease from 12.0 to 8.4. While the market grappled with these shifts, Google enhanced its "Results About You" tool with AI to detect and remove exposed personal data from search results, as reported by Ars Technica.
The S&P 500 futures were up 0.18 this morning before the opening bell in New York, after the index closed up 0.47 yesterday, leaving it just a tick below its all-time high, according to Fortune. Traders bought up stocks after most companies in the SP reported that they had beaten consensus earnings estimates so far. The contrast between this week's bullish rally and last week's AI-induced selloff could not be more stark.
Meanwhile, in the realm of AI, Rowboat, an open-source AI coworker, was introduced on Hacker News. Rowboat connects to users' email and meeting notes, builds a long-lived knowledge graph, and uses that context to help them get work done privately on their machines. Users can generate documents, prepare for meetings, and visualize their knowledge graphs.
In other news, Discord is implementing age verification, a blind scientist is celebrated, and a grassroots movement uses 3D-printed whistles for alerts, according to a multi-source report on Hacker News. Let's Encrypt is updating its certificates, potentially impacting XMPP servers, and a blog post explains the concept of type-driven design with the slogan "Parse, don't validate."
Google's AI enhancements to its "Results About You" tool also improve the speed of removing non-consensual explicit imagery, addressing the growing challenges of data exposure and harmful content in the digital age, Ars Technica reported. This development raises important questions about data security and the balance between user privacy and the information needed for AI to function effectively.
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