Where does the fun stop and the societal harm begin? Artificial intelligence companies behind image and text generators seem to be grappling with that question in real-time, as their products gain traction across the internet. Simultaneously, the same companies are also running up against some very standard internet…
Netflix released at least one movie a week over the past two years, but for 2023, the company is changing course. According to Bloomberg, the streaming giant is restructuring its movie division and releasing fewer movies overall. Netflix will combine the team working on small projects with a budget $30 million or less and the unit that produces mid-budget films that cost $30 million to $80 million to make. The restructuring will result in a “handful” of layoffs — the company didn’t specify a number — and the departure of two notable executives. Lisa Nishimura, who oversees documentaries like Tiger King and small budget films, as well as VP for film Ian Bricke are both leaving the company after over a decade.
As Bloomberg notes, Netflix ramped up its film development efforts after studios started building their own streaming services instead of licensing their movies to the company. In addition to the units working on small and mid-budget films, Netflix has one more division developing big-budget projects. It’s unclear if the last group is also affected by the restructuring.
Despite the sheer number of titles Netflix previously released, only a few had won accolades, had reached millions of hours of streaming, or had the kind of cultural impact some of the biggest blockbusters had achieved. (According to the company’s Top 10 page, its most watched movies for 2021 and 2022 include Red Notice, Don’t Look Up and Glass Onion: A Knives Out Mystery.) Netflix Film chief Scott Stuber reportedly decided to cut down on the titles the service is releasing this year so he could ensure that the division is producing more high-quality projects.
Stuber didn’t say how many people are losing their jobs from the shakeup, but the numbers are supposed to be smaller than the layoffs that happened at the company last year. Netflix implemented job cuts before many of its rivals in the film, TV and entertainment space did. HBO and HBO Max had to let some production staff members go as part of a larger Warner Bros. Discovery restructuring back in August, while Disney recently announced that it’s laying off 7,000 workers, including those involved with media and distribution.
This article originally appeared on Engadget at https://www.engadget.com/netflix-hopes-making-fewer-original-movies-will-make-them-better-075456182.html?src=rss
The “Late Show” host also offered a potential bright side for the indicted former president.
Where does the fun stop and the societal harm begin? Artificial intelligence companies behind image and text generators seem to be grappling with that question in real-time, as their products gain traction across the internet. Simultaneously, the same companies are also running up against some very standard internet…
China is developing a parachute system to help control where its rocket boosters land instead of free-falling onto the ground near populated areas.
When Faraday Future released its earnings report for 2022 earlier this month, it said it’s on track to begin the production of its first vehicle. The company had a lot of false starts since it was founded in 2014 and had to push back the model’s production and shipment dates again and again. This time, the company was finally able to stick to its timeline: Faraday Future has announced that it has started production for the FF 91 Futurist electric vehicle at its factory in Hanford, California.
Faraday Future unveiled the FF 91 Futurist in February 2022, with the intention of kicking off the manufacturing process in the third quarter of the year. It obviously didn’t happen, and the company told investors that it was because it needed more cash for its commercial launch. Indeed, the automaker grappled with a string of financial woes over the years and even almost ran out of cash in 2017 before Season Smart, later acquired by Chinese company Evergrande Health, agreed to fund it with $2 billion.
Faraday burned through Season Smart’s initial $800 million cash injection too quickly, however, and ended up feuding with the investor. The company furloughed (and ultimately let go) hundreds of employees while the dispute was ongoing. It also had to abandon its plans to build a $1 billion Las Vegas production facility and sell the site for $40 million.
The FF 91 Futurist promises 1,050 horsepower, a range of 381 miles as certified by the EPA and the ability to go from zero to 60 mph in 2.27 seconds. It will be sold both stateside and in China — in the US, customers in Los Angeles will get their units first, followed by those in San Francisco and then buyers in New York. According to Reuters, deliveries in the US are scheduled to begin in April 2023. The company itself didn’t mention a specific date for when deliveries will start, but it did announce a final launch event for the FF 91 Futurist on April 26th.
This article originally appeared on Engadget at https://www.engadget.com/faraday-future-finally-starts-ff-91-production-after-repeated-delays-114510625.html?src=rss
The late-night host has some blunt advice for the indicted former president.
When Faraday Future released its earnings report for 2022 earlier this month, it said it’s on track to begin the production of its first vehicle. The company had a lot of false starts since it was founded in 2014 and had to push back the model’s production and shipment dates again and again. This time, the company was finally able to stick to its timeline: Faraday Future has announced that it has started production for the FF 91 Futurist electric vehicle at its factory in Hanford, California.
Faraday Future unveiled the FF 91 Futurist in February 2022, with the intention of kicking off the manufacturing process in the third quarter of the year. It obviously didn’t happen, and the company told investors that it was because it needed more cash for its commercial launch. Indeed, the automaker grappled with a string of financial woes over the years and even almost ran out of cash in 2017 before Season Smart, later acquired by Chinese company Evergrande Health, agreed to fund it with $2 billion.
Faraday burned through Season Smart’s initial $800 million cash injection too quickly, however, and ended up feuding with the investor. The company furloughed (and ultimately let go) hundreds of employees while the dispute was ongoing. It also had to abandon its plans to build a $1 billion Las Vegas production facility and sell the site for $40 million.
The FF 91 Futurist promises 1,050 horsepower, a range of 381 miles as certified by the EPA and the ability to go from zero to 60 mph in 2.27 seconds. It will be sold both stateside and in China — in the US, customers in Los Angeles will get their units first, followed by those in San Francisco and then buyers in New York. According to Reuters, deliveries in the US are scheduled to begin in April 2023. The company itself didn’t mention a specific date for when deliveries will start, but it did announce a final launch event for the FF 91 Futurist on April 26th.
This article originally appeared on Engadget at https://www.engadget.com/faraday-future-finally-starts-ff-91-production-after-repeated-delays-114510625.html?src=rss
A man in India recently had the misfortune of becoming the world’s first recorded person to get sick from a fungi that normally attacks rose plants. The case seems to be a rare example of a plant pathogen crossing over into humans. Thankfully, the infection was treatable, but the incident could illustrate the growing…
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