LG Electronics has unveiled a plan to increase global revenue from 2022’s $51 billion to about $79 billion by 2030 as it transitions to a “smart life solution company.” A big part of that will be through subscriptions to add-on services for its TVs and home appliances. The South Korean tech giant’s CEO William Cho said the idea is to get the LG smart system, webOS, onto more third-party brands. Cho outlined plans for a “platform-based service business model that continuously generates profits, such as content and services, subscriptions and solutions” across all product categories. Read more

The Federal Trade Commission has opened a civil investigation into OpenAI to determine the extent to which its data policies are harmful to consumers as well as the potentially deleterious effects of misinformation spread through “hallucinations” by its ChatGPT chatbot. The FTC sent OpenAI dozens of questions last week in a 20-page letter instructing the company to contact FTC counsel “as soon as possible to schedule a telephonic meeting within 14 days.” The questions deal with everything from how the company trains its models to the handling of personal data. Read more

OpenAI has entered into a precedential agreement to license content from Associated Press for use training large language models. OpenAI is “licensing part of AP’s text archive,” presumably leaving the door open to negotiation for video and breaking news. For its part, AP intends to “leverage OpenAI’s technology and product expertise,” according to the outlet’s own article. Financial terms were not disclosed, nor details as to AP’s intended AI use cases. Although AP is in a class by itself as a member-owned cooperative, the agreement could bode well for print journalism, which has had challenges transitioning to the digital age. Read more

London-based fashion phone company Nothing is bringing its second-generation Nothing Phone to the U.S. on July 17, starting at $599. With Qualcomm’s Snapdragon 8 Gen 1 processor, 8GB of RAM and 128GB of storage, the Phone 2 is being described as a solid entry in the mid-tier price range. Included is a 32-megapixel front camera, with Sony’s IMX890 the primary sensor. There are also two rear 50-megapixel sensors. The advanced 18-bit Image Signal Processor (ISP) allows the new model “to process camera data up to 4,000 times more than its predecessor,” the company says. Read more

Elon Musk is sharing additional details about his latest endeavor, an artificial intelligence company called xAI. The CEO of Tesla and SpaceX — and owner, executive chairman and CTO of Twitter — says his new company aspires to “understand the true nature of the universe.” While word began leaking out in February about Musk’s AI plans, he went public with his team on Wednesday (featuring executives from several notable tech firms), communicating via a newly minted website that also includes a recruitment message. Musk plans to release more information today live on Twitter Spaces. Read more