Who doesn’t want a job bonus, but how would $750 million (€636 million) fit into your budget? This week, Apple CEO Tim Cook earned that amount in stock to commemorate his ten years at the helm. The award, which he agreed to when Apple took over from founder Steve Jobs, was contingent on how Apple’s stock performed in comparison to other companies in the S&P 500 stock index.
According to a filing Apple made with the US Securities and Exchange Commission, Apple’s share price has climbed by 1,200% since Cook took charge in 2011. (SEC). Apple’s market capitalization has already surpassed $2.5 trillion (€2.12 trillion).
Another Tesla Autopilot crash
After a vehicle utilizing Tesla’s semi automated driving system plowed into a Florida Highway Patrol officer on Saturday and narrowly missed its driver, who had pulled over to assist a disabled vehicle, the company’s Autopilot technology came under renewed scrutiny this week.
Following a series of similar crashes with parked emergency vehicles, the US government launched a formal investigation into Tesla’s Autopilot driving technology earlier this month. Tesla drivers have been captured driving inebriated or even riding in the back seat while a car drove down a California highway while using Autopilot.
To see obstacles, evaluate what they are, and decide what the vehicles should do, the electric vehicle manufacturer employs a camera-based system, a lot of computational power, and sometimes radar. However, experts claim that it has encountered difficulties due to parked emergency vehicles and perpendicular trucks in its path. Elon Musk, the CEO of Tesla, recently stated that the Autopilot software was “not fantastic.”
TikTok to let users shop through videos
Users of TikTok will soon be able to purchase items directly from the app’s short videos, rather than having to rely on advertisements. Businesses will be able to add a shopping button to their TikTok profiles to create a “mini-storefront” that links directly to their online store for checkout, according to Shopify, a Canadian e-commerce company.
TikTok users will soon be able to purchase items directly from the app’s short videos. The shopping tool, which is still in beta, is currently accessible to retailers in the United States, the United Kingdom, and Canada, with more territories to follow in the coming months.
Shopify already had a partnership with TikTok that allowed merchants to produce “shoppable” video commercials that directed people to their online storefronts. TikTok’s parent firm, Beijing-based ByteDance, already has a booming social media marketplace on Douyin, its Chinese-only video app.
In the United States, purchasing things on social media websites isn’t as widespread as it is in other countries, though Pinterest and Facebook-owned Instagram have made advances.Kylie Jenner, a reality star, is one of the first merchants to join the program, selling her skincare and cosmetics line on TikTok.
Microsoft says cloud leak is fixed
Microsoft says it has repaired a weakness in its cloud computing platform that may have allowed hackers to take control of a cloud-based database product used by many large corporations, according to cybersecurity experts.
According to the organization, there is no evidence that the possible vulnerability was exploited by malicious actors or that any consumer data was disclosed. Wiz, a cybersecurity group run by ex-Microsoft employees, said it identified a “unprecedented catastrophic vulnerability” in Microsoft’s Azure cloud platform earlier this month and contacted the tech giant.
Microsoft offered the firm a reward for the discovery and says it rectified the problem right afterwards. According to a blog post from Wiz, which is based in Israel and California, the weakness could have affected “thousands of organizations, including multiple Fortune 500 businesses” if abused. Microsoft stated on Friday that the data breach only affected a small percentage of the company’s customers.