Meta Sues CrushAI for Ad Rule Violations on Deepfakes.

Meta is taking legal action against CrushAI, a Hong Kong-based app known for creating explicit deepfakes, after it repeatedly violated Meta’s advertising rules. The lawsuit highlights Meta’s ongoing struggle to prevent such apps from using its platforms to spread harmful content. Despite efforts to enforce its policies, CrushAI managed to run over 87,000 ads targeting users in several countries. Meta’s complaint reveals the app maker used a network of accounts to bypass restrictions, emphasizing the challenge of policing AI-driven content. The company is developing new technology to detect these ads and collaborating with other platforms to combat the issue.

Texas Team Creates Drones to Fight Wildfires in XPRIZE

A team from the University of Texas is developing innovative drone technology to detect and extinguish wildfires as part of the International XPRIZE Wildfire Competition.

The University of Texas team is developing a drone-based system to autonomously detect and suppress wildfires.

“We’re going to build fixed wing drones that carry smaller drones that they deploy the packet with high precision,” explained a member of the University of Texas team. “We also want to use some of the commercial drones in order to do very fast detection.” edit th

The Austin Fire Department reported responding to 3,000 wildfires in 2022 and 2,000 in 2023, highlighting the ongoing threat of wildfires in the region. Despite the lack of an active summer wildfire season so far this year, officials warn of the potential for year-round fire risks.

The Texas A&M Forest Service does not own any firefighting aircraft and relies on federal resources, which can lead to delays when aircraft are engaged in other parts of the country. This dependency underscores the importance of developing new technologies for rapid wildfire response.

The University of Texas team’s project is still in the competition phase, and while it remains uncertain how far they will advance, their focus is on transforming wildfire management beyond the competition.

As the University of Texas team continues to refine their drone technology, they hope to revolutionize wildfire detection and suppression, potentially enhancing safety for communities at risk of wildfires.

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Chinese EV Makers Urged to Stop Intense Competition

BEIJING — As China’s electric vehicle price war intensifies, its top leaders have sounded the alarm with high-profile calls to halt excessive competition, known colloquially as “neijuan” or involution.

While the buzzword has taken on various meanings in China to imply a race to the bottom, the term was mentioned in Chinese Premier Li Qiang’s annual work report in March. The market regulator’s meeting last month also called for “comprehensively rectifying ‘involutionary’ competition.”

Earlier this week, senior executives of several Chinese EV makers were summoned to Beijing to “self-regulate,” Bloomberg reported.

However, industry players and analysts have predicted that the competition will only increase.

“A certain automaker has taken the lead in launching significant price cuts and many companies have followed suit, triggering a new round of ‘price war’ panic,” the China Association of Automobile Manufacturers said in a Chinese-language statement Saturday, translated by CNBC.

The government-linked body was taking shots at EV giant BYD, which sparked the latest round of discounts on May 23, including a more than 30% price cut on one of its car models.

“Disorderly ‘price wars’ intensify vicious competition,” the association said, warning of further pressure on profit margins and consumer safety risks. It called for companies to abide by fair competition and not monopolize the market or “dump” goods at prices below the cost of production.

″‘Price wars’ have no winners, much less a future,” People’s Daily, the official newspaper of the ruling Chinese Communist Party, subsequently said in an article, citing the Ministry of Industry and Information Technology. That’s according to a CNBC translation of the Chinese.

The ministry will increase regulation of non-productive competition and cooperate with other departments to enforce laws promoting fair competition, the report said.

The ministry did not immediately respond to a request for comment. BYD referred CNBC to its comment to China’s state media, in which the automaker said it firmly supports the manufacturing association’s calls for fair competition and creating a healthy market.Despite the rhetoric, there isn’t much that can be done about market competition, Zhong Shi, an analyst with the China Automobile Dealers Association, said last week. He added that other countries are also watching the intense competition in China’s car market and what it could mean for their local auto industries.

The average price of a car exported from China has fallen since 2023, reversing an upward trend previously, according to figures published on social media by the China Passenger Car Association’s Secretary-General Cui Dongshu.

For China auto sales to Germany, the average export price per vehicle has fallen to $21,000 as of this year, down from $30,000 in 2023, the data showed. In Mexico, the top destination for Chinese car exports, was an exception, with the average price rising to $13,000, up from $12,000 two years ago.

In China, the average car retail price has fallen by around 19% over the past two years to around 165,000 yuan ($22,900), according to Nomura, citing industry data from Autohome Research Institute.

There are other signals that the rush into electric cars has created oversupply.

A “strange phenomenon” of secondhand cars being sold with zero mileage has emerged, Great Wall Motor Chairman Wei Jianjun said in a Sina Finance interview conducted in Mandarin on May 23. He added that around 3,000 to 4,000 vendors on Chinese used car platforms were selling such cars.

Vehicles were registered as sales or deliveries for automakers, only to be sold on the secondhand market almost immediately, which inflated sales volumes. But this created “too much chaos”, prompting Wei to call for better regulation within the industry.

Just an ‘appetizer’

China’s fast-growing market of battery-only and hybrid-powered cars has seen several price cuts over the last two years.

The price war has yet to reach its peak, and “competition will become more intense in the next five years,“ EV startup ’s CEO He Xiaopeng told Chinese media last week, which the company verified with CNBC.

“This is just an ‘appetizer’ of what is to come,” he added. He said that rather than competing on price, Xpeng would compete on technology and expand beyond China to the rest of the world.

The startup has focused on making its driver-assist system a selling point and has delivered more than 30,000 cars a month for the past seven months. Last week, Xpeng released the Max version of its Mona 03 at 129,800 ($18,020), nearly 17% cheaper than when the lower-priced model was initially revealed in August.

Like most electric car startups, Xpeng reported losses attributable to shareholders in the first quarter of around $90 millionNio, which has focused on more premium vehicles, on Tuesday reported a loss of $949.6 million in the first quarter.

However, Chinese smartphone company Xiaomi on Tuesday predicted its electric car business would turn a profit in the second half of the year, a company spokesperson confirmed to CNBC. The company entered the EV market last year with its SU7 sedan priced cheaper than Tesla’s Model 3, and is expected to take on the Model Y with a YU7 SUV this summer.Analysts noted that BYD’s latest markdowns are actually formalizing discounts that consumers would have likely received previously under China’s trade-in subsidy program, which aimed to boost consumption.

Despite nearly a 30% market share, BYD faces competitive pressure as well, Nomura analysts pointed out in a report Monday.

The automaker, which counted Warren Buffett as an early investor, reported 14% growth in sales last month, a slowdown from 19% year-on-year growth in April.

“Given the current oversupply situation in the China auto market, we believe the most intense competitive phase is yet to come, until if we can see a meaningful market consolidation in the future,” the Nomura analysts said.

The Celestial Navigators descend in the Dragon’s embrace, after the Starliner’s celestial discord.

The two U.S. astronauts who had been at the International Space Station for nine months after their faulty Boeing Starliner capsule returned without them are finally heading home.

NASA astronauts Butch Wilmore and Suni Williams left Earth in June on a test flight that was originally intended to last about nine days.

But their stay was extended after thrusters on Boeing’s Starliner capsule “Calypso” failed during docking, raising concerns about the ship’s ability to carry them home. The agency ultimately sent the capsule back empty after it was docked for about three months at the space station, saying it wanted to “further understand the root causes” of the spacecraft’s issues.

NASA also announced that Wilmore and Williams, who are both veteran astronauts and retired Navy test pilots, would return on a SpaceX Dragon spacecraft instead. The agency adjusted its rotation of astronauts as a result, removing two people from SpaceX’s Crew-9 mission — which is returning to Earth this week — to make room for Wilmore and Williams.

That capsule carrying the two people on Crew-9 arrived at the ISS back in September. Crews rotate on the ISS, which means that each group of astronauts works until the next arrives at the space station, when a ceremonial “handover” occurs.NASA had originally planned for SpaceX’s Crew-10 mission — which needed to arrive before the Crew-9 members could come back down — to launch in February, but it was delayed by about a month.

The rocket carrying the four new crew members launched on Friday evening, and its capsule docked at the space station about 29 hours later.

Wilmore, Williams, NASA astronaut Nick Hague and Roscosmos cosmonaut Aleksandr Gorbunov are set to splash down Tuesday evening, about 19 hours after closing the hatch on the SpaceX capsule, according to NASA’s estimated schedule.

The Starliner crew flight test was supposed to check a final box for Boeing and deliver a key asset for NASA. The agency was hoping to fulfill its dream of having two competing companies — Boeing and Elon Musk’s SpaceX — flying alternating missions to the ISS.

Instead, it’s unclear what Boeing’s future crewed space plans are. The company has lost more than $2 billion on its Starliner spacecraft.Wilmore and Williams’ journey became entangled in politics once President Donald Trump took office. Trump and Musk, who has become a close advisor to the president, urged a quicker Crew-10 launch and said without evidence that the two astronauts were “stranded” on the space station and that the Biden administration had kept them up there for political reasons. NASA had delayed the Crew-10 launch in December to allow more time to process a new Dragon capsule, but decided to use a reusable capsule to cut down on wait time.

NASA’s plans for returning the two astronauts have remained consistent since the agency announced them in August.

During their extended stay, Wilmore and Williams became part of a normal rotation, conducting scientific experiments and routine maintenance as any other astronaut on rotation at the ISS would. Williams also conducted a spacewalk.

Williams has said repeatedly that the pair doesn’t feel “abandoned” at the ISS, but that she was looking forward to returning home to see her family and her two dogs.

“It’s been a roller coaster for them, probably a little bit more so than for us,” she told reporters earlier this month.Forever 21 filed for bankruptcy protection for the second time in six years on Sunday and blamed fast-fashion e-tailers Shein and Temu for its demise. 

The retailer’s operating company is expected to cease all operations in the U.S. and has already begun liquidation sales at its more than 350 locations, but it’s still open for bids if a buyer is willing to take on its inventory and keep running its stores, court filings show. 

Forever 21 has been seeking a buyer for several months and made contact with more than 200 potential bidders, 30 of which signed confidentiality agreements, but no viable deal has come together, court papers say. CNBC previously reported the operating company was in talks with liquidators and would have a hard time finding a buyer for its business.

The company’s bankruptcy comes six years after it emerged from its first filing only to face the Covid-19 pandemic, the highest inflation in decades, and new competition from Chinese-founded upstarts like Shein and Temu. 

In a court filing, Stephen Coulombe, the operating company’s co-chief restructuring officer, said Forever 21 was “materially and negatively impacted” by Shein and Temu’s use of the de minimis exemption, which “undercut” its business. The exemption is a trade law loophole that has historically allowed goods valued under $800 to be shipped into the U.S. without import duties. President Donald Trump is trying to end it.

“Certain non-U.S. online retailers that compete with the Debtors, such as Temu and Shein, have taken advantage of this exemption and, therefore, have been able to pass significant savings onto consumers,” Coulombe wrote. “Consequently, retailers that must pay duties and tariffs to purchase product for their stores and warehouses in the United States, such as the Company, have been undercut.”

“Despite wide-spread calls from U.S. companies and industry groups for the U.S. government to create a level playing field for U.S. retailers by closing the exemption, U.S. laws and policies have not solved the problem,” he added.

The owner of Forever 21′s operating company, Sparc Group, which recently reorganized to form a new company dubbed Catalyst Brands, tried to counteract Shein’s competitive threat in 2023 by partnering with the upstart. But the deal didn’t do enough to stem the company’s losses or lead to any changes in de minimis rules, said Coulombe.

“The ability for non-U.S. retailers to sell their products at drastically lower prices to U.S. consumers has significantly impacted the Company’s ability to retain its traditional core customer base,” wrote Coulombe. 

While Forever 21′s operating company is headed toward outright liquidation in the U.S., it doesn’t mean that the brand will cease to exist. Its international stores and website are expected to keep operating, and its brand name and other intellectual property owned by brand management firm Authentic Brands Group are not up for sale, CNBC previously reported. 

The firm could still find new operators that are willing to run the business in the U.S., either now or in the future. 

“We are receiving lots of interest from strong brand operators and digital experts who share our vision and are ready to take the brand to the next level,” Jarrod Weber, global president of lifestyle at Authentic Brands Group, said in a statement. “Our U.S. licensee’s decision to restructure its operations does not impact Forever 21′s intellectual property or its international business. It presents an opportunity to accelerate the modernization of the brand’s distribution model, setting it up to compete and lead in fast fashion for decades to come.”

After its first bankruptcy filing, Forever 21 enjoyed a period of respite where the business performed well. It had been bought by a consortium including Authentic Brands Group and landlords Simon Property Group and Brookfield Property Partners and had new capital and a trimmed down store fleet.

In fiscal 2021, it generated $2 billion in revenue and $165 million in EBITDA. But as competition and inflation increased, compounded by supply chain challenges and shifting consumer preferences, Forever 21′s performance began to sputter. In the last three fiscal years, the company lost more than $400 million, including $150 million in fiscal 2024 alone. The company projects it will lose $180 million in EBITDA through 2025. 

Last year, Authentic Brands Group CEO Jamie Salter said at a conference that buying the business was “probably the biggest mistake I’ve made.” A few months later, CNBC reported that the company was asking landlords to cut its rent by as much as 50% as it looked to reduce costs and stave off a second bankruptcy filing. While those efforts generated $50 million in savings, it wasn’t enough to counteract the company’s losses.

The operating company currently owes $1.58 billion in various loans, and more than $100 million to dozens of clothing manufacturers, primarily located in China and Korea.

Founded in 1984, Forever 21 has long been credited as a leader in the fast-fashion movement. At its peak, the company employed 43,000 people and generated more than $4 billion in annual sales.

Beijing Calls Chinese EV Makers over Price Wars

BEIJING — As China’s electric vehicle price war intensifies, its top leaders have sounded the alarm with high-profile calls to halt excessive competition, known colloquially as “neijuan” or involution.

While the buzzword has taken on various meanings in China to imply a race to the bottom, the term was mentioned in Chinese Premier Li Qiang’s annual work report in March. The market regulator’s meeting last month also called for “comprehensively rectifying ‘involutionary’ competition.”

Earlier this week, senior executives of several Chinese EV makers were summoned to Beijing to “self-regulate,” Bloomberg reported.

However, industry players and analysts have predicted that the competition will only increase.

“A certain automaker has taken the lead in launching significant price cuts and many companies have followed suit, triggering a new round of ‘price war’ panic,” the China Association of Automobile Manufacturers said in a Chinese-language statement Saturday, translated by CNBC.

The government-linked body was taking shots at EV giant BYD, which sparked the latest round of discounts on May 23, including a more than 30% price cut on one of its car models.

“Disorderly ‘price wars’ intensify vicious competition,” the association said, warning of further pressure on profit margins and consumer safety risks. It called for companies to abide by fair competition and not monopolize the market or “dump” goods at prices below the cost of production.

″‘Price wars’ have no winners, much less a future,” People’s Daily, the official newspaper of the ruling Chinese Communist Party, subsequently said in an article, citing the Ministry of Industry and Information Technology. That’s according to a CNBC translation of the Chinese.

The ministry will increase regulation of non-productive competition and cooperate with other departments to enforce laws promoting fair competition, the report said.

The ministry did not immediately respond to a request for comment. BYD referred CNBC to its comment to China’s state media, in which the automaker said it firmly supports the manufacturing association’s calls for fair competition and creating a healthy market.Despite the rhetoric, there isn’t much that can be done about market competition, Zhong Shi, an analyst with the China Automobile Dealers Association, said last week. He added that other countries are also watching the intense competition in China’s car market and what it could mean for their local auto industries.

The average price of a car exported from China has fallen since 2023, reversing an upward trend previously, according to figures published on social media by the China Passenger Car Association’s Secretary-General Cui Dongshu.

For China auto sales to Germany, the average export price per vehicle has fallen to $21,000 as of this year, down from $30,000 in 2023, the data showed. In Mexico, the top destination for Chinese car exports, was an exception, with the average price rising to $13,000, up from $12,000 two years ago.

In China, the average car retail price has fallen by around 19% over the past two years to around 165,000 yuan ($22,900), according to Nomura, citing industry data from Autohome Research Institute.

There are other signals that the rush into electric cars has created oversupply.

A “strange phenomenon” of secondhand cars being sold with zero mileage has emerged, Great Wall Motor Chairman Wei Jianjun said in a Sina Finance interview conducted in Mandarin on May 23. He added that around 3,000 to 4,000 vendors on Chinese used car platforms were selling such cars.

Vehicles were registered as sales or deliveries for automakers, only to be sold on the secondhand market almost immediately, which inflated sales volumes. But this created “too much chaos”, prompting Wei to call for better regulation within the industry.

Just an ‘appetizer’

China’s fast-growing market of battery-only and hybrid-powered cars has seen several price cuts over the last two years.

The price war has yet to reach its peak, and “competition will become more intense in the next five years,“ EV startup ’s CEO He Xiaopeng told Chinese media last week, which the company verified with CNBC.

“This is just an ‘appetizer’ of what is to come,” he added. He said that rather than competing on price, Xpeng would compete on technology and expand beyond China to the rest of the world.

The startup has focused on making its driver-assist system a selling point and has delivered more than 30,000 cars a month for the past seven months. Last week, Xpeng released the Max version of its Mona 03 at 129,800 ($18,020), nearly 17% cheaper than when the lower-priced model was initially revealed in August.

Like most electric car startups, Xpeng reported losses attributable to shareholders in the first quarter of around $90 millionNio, which has focused on more premium vehicles, on Tuesday reported a loss of $949.6 million in the first quarter.

However, Chinese smartphone company Xiaomi on Tuesday predicted its electric car business would turn a profit in the second half of the year, a company spokesperson confirmed to CNBC. The company entered the EV market last year with its SU7 sedan priced cheaper than Tesla’s Model 3, and is expected to take on the Model Y with a YU7 SUV this summer.Analysts noted that BYD’s latest markdowns are actually formalizing discounts that consumers would have likely received previously under China’s trade-in subsidy program, which aimed to boost consumption.

Despite nearly a 30% market share, BYD faces competitive pressure as well, Nomura analysts pointed out in a report Monday.

The automaker, which counted Warren Buffett as an early investor, reported 14% growth in sales last month, a slowdown from 19% year-on-year growth in April.

“Given the current oversupply situation in the China auto market, we believe the most intense competitive phase is yet to come, until if we can see a meaningful market consolidation in the future,” the Nomura analysts said.

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A consumer alert has been issued warning about potential back-to-school scams.

As the new school year approaches, parents and students are advised to be vigilant against scams that target back-to-school shoppers. These scams can involve fake deals, counterfeit products, and phishing attempts aimed at stealing personal information.

Staying informed and cautious can help families avoid falling victim to these scams as they prepare for the upcoming school year.

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New Article

Concerns are rising over the improper disposal of disposable vape pens, which are marketed as single-use but require specific disposal methods.

These vape pens often come with disposal instructions printed in fine print on small pieces of paper, which many users overlook, leading to improper disposal.

The issue of improper disposal is compounded by the fact that many users do not read the instructions provided with the vape pens. This has resulted in a growing concern about the environmental impact of these products. While the exact scale of the waste problem caused by disposable vape pens is uncertain, the lack of clear disposal practices contributes to the issue.

As the popularity of disposable vape pens continues, addressing the disposal issue is crucial to mitigate potential environmental impacts.

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New Article

The U.S. Women’s Soccer Team advanced out of Group B and is set to face Japan in a quarterfinal match today at 7 PM in Paris.

After successfully emerging at the top of Group B, the U.S. Women’s Soccer Team is now three matches away from claiming gold. Today’s quarterfinal matchup against Japan marks the beginning of their journey through the knockout stages.

The winner of today’s match will go on to face either Canada or Germany in the semifinals, depending on the outcome of their respective quarterfinal match.

The U.S. Women’s Soccer Team is eager to continue their winning streak as they aim for the gold medal in Paris. Fans can tune in to watch the match starting at 7 PM.

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New Article

Concerns are rising over the environmental impact of disposable vape pens, which are often improperly discarded due to unclear disposal instructions.

These single-use vape pens are marketed as disposable, but proper disposal is often overlooked. Instructions for disposal are included in the packaging, but they are printed in fine print that many users ignore.

The issue of vape waste is gaining attention as more consumers use these products without understanding how to dispose of them responsibly. Improper disposal can lead to environmental hazards, as the materials used in these pens are not biodegradable. Efforts to educate consumers on proper disposal methods are underway, but the effectiveness of these initiatives remains uncertain. Some manufacturers have started including clearer instructions, but the problem persists.

As the popularity of disposable vape pens continues to grow, addressing the waste issue becomes more pressing. Clearer disposal instructions and increased consumer awareness are essential to mitigate the environmental impact.

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New Article

A deadly fire has erupted at Stone Canyon near Ute Highway and Lyons, resulting in one fatality and injuring four firefighters.

The Stone Canyon Fire, which broke out in the vicinity of Ute Highway and Lyons, has claimed one life and left four firefighters injured. The circumstances surrounding the fire remain unclear, as authorities have not yet disclosed the cause or the current status of the blaze.

Emergency services are actively responding to the incident, but further details about the firefighting efforts have not been provided. The community is urged to stay clear of the area as crews work to contain the fire. The identity of the deceased has not been released, pending notification of next of kin. The injured firefighters are receiving medical treatment, although their conditions have not been specified.

The Stone Canyon Fire has brought tragedy to the area, with emergency responders continuing their efforts to manage the situation. Further updates are expected as more information becomes available.

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