NEWSWORTHY
Amazon deletes a climate goal. E-commerce giant Amazon aimed to make 50% of its shipments net-zero carbon by 2030. But when Amazon decided its so-called “shipment zero” goal couldn’t be achieved until a decade later than originally planned, Amazon deleted its announcement and added the new goal to its broader climate pledge. In a statement to Insider, Amazon said having a separate, narrow goal that applied to only one part of the business didn’t make sense anymore, though it had previously said it was committed to seeing the goal through. Dropping a pledge on shipments signals it isn’t ready to make changes to the operations that power the fast delivery that incentivizes subscribers to be part of its Prime program, even as the vehicles and aircraft involved drive up its fossil fuel emissions.
Nvidia’s A.I.-fueled rise near the trillion dollar club. Nvidia’s market cap increased $184 billion Thursday, after company executives delivered a bullish outlook about sales of its A.I. chips. The single day gains are so high that they’ve only been topped by Apple, Amazon, and Microsoft. Fortune talked to investment research expert David Trainer who said that the graphics chipmaker needs to continue at top, unwavering speed to reward investors. So far, investors don't seem to be having any doubts: On Friday, Nvidia's stock rose another 2.6% in midday trading, bring its market cap just shy of a trillion dollars.
Microsoft recommends regulating advanced A.I. models. After OpenAI CEO Sam Altman recommended new rules and government bodies for handling artificial general intelligence risks earlier this month, Microsoft is weighing in. The company said on Thursday that A.I. "foundation models" should be licensed and regulated by a new agency. The framework for that regulation could borrow a page from financial services companies that prevent money laundering and sanctions busting through “know your customer” frameworks, Microsoft said.
ON OUR FEED
"My autopilot almost killed me."
—A customer complaint about Tesla’s Full Self-Driving features, one of many reported across the U.S., Europe, and Asia from 2015 to March 2022. German news publication Handelsblatt had data with thousands of customer complaints leaked to it and found that customers flagged 2,400 self-acceleration issues and 1,500 braking problems such as “phantom stops.”
IN CASE YOU MISSED IT
Microsoft’s $69 billion Activision Blizzard deal is an expensive quagmire and distraction—and CEO Satya Nadella knows he’d be nuts to walk away, by Matt Weinberger
Airbnb CEO says the best advice he was ever given was ‘counterintuitive’ to what most people would tell you, by Chloe Taylor
How to use ChatGPT to help land a pay raise—and counter managers’ objections, by Orianna Rosa Royle
Tesla-Ford charging station deal is the news Tesla owners have been dreading, by Steve Mollman
Caroline Ellison: How a young math whiz with an appetite for risk became a major player in Sam Bankman-Fried’s corrupt crypto empire, by Courtney Rubin
BEFORE YOU GO
YouTube ends Stories feature. After seven years, YouTube is ending its Stories feature that allows users to share temporary posts that are erased after a set time. Users won’t be able to post Stories from June 26 on, and existing posts will be taken down after a week, the Verge reports.
After becoming Snapchat’s signature feature, Stories were copied by other social platforms like Instagram and Twitter’s now defunct “Fleets.” So, it hasn’t successfully replicated everywhere, and now YouTube is pushing its users to instead put attention to Shorts—which CEO Neal Mohan thinks could help with ad revenue troubles—and Community Posts, which lets users share polls, quizzes, and videos.