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The US Federal Trade Commission (FTC) has banned noncompete clauses in a move to "drive innovation" and protect workers' rights and wages, the regulator said in a press release. The new rule will free most new and current employees from such agreements, with the exception of "policy-making" executives earning more than $151,164 per year. "Noncompete clauses keep wages low, suppress new ideas, and rob the American economy of dynamism," said FTC Chair Lina M. Khan. The agency estimated that the new rule will allow the creation of 8,500 new business each year, increase worker earnings by $524 per year and lower health care costs by $194 billion over the next decade. Noncompete clauses, widely used in the tech industry, keep employers from freely changing to similar jobs or starting a business in the same field. The result is that workers must often stay in jobs they don't want, switch to a lower-paid position, relocate, or defend against costly litigation. "An estimated 30 million workers nearly one in five Americans [in the workforce] are subject to a noncompete," according to the FTC. The Commission found that noncompetes tend to negatively affect competitive conditions in labor markets by inhibiting efficient matching between workers and employers. There is also evidence that noncompetes lead to increased market concentration and higher prices for consumers. Companies must now cancel existing noncompete clauses and notify employees about the change. The ruling applies to most employees and future hires, but current deals with senior executives still apply on the grounds that such agreements are likely to have been agreed upon by both parties. Tech companies ostensibly use noncompetes as a way to protect IP, but they function in reality to lock in workers. The FTC said that trade secret laws and non-disclosure agreements (NDAs) are a better way to protect IP, and "employers that wish to retain employees can compete on the merits for the worker's labor services by improving wages and working conditions." Microsoft, the third largest tech industry employer in the US, eliminated such clauses back in 2022. "While our existing employee agreements have noncompete obligations, we do not endorse the use of such provisions as a retention tool," the company said at the time. The FTC vote went 3 to 2 along party lines. Republic commissioner Melissa Holyoke said the Commission "overstepped the boundaries of its power" and estimated the ruling would be challenged in court and struck down. This article originally appeared on Engadget at https://www.engadget.com/ftc-bans-employers-from-using-noncompete-clauses-123045777.html?src=rss
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The Mercedes-Benz G-Class, aka the Gelandewagen (which means "all-terrain vehicle" in German) has been in regular production since 1979. It's changed a lot since then, evolving from a utilitarian off-roader to a desirable luxury icon, but it's never seen a change quite like this. Meet the Mercedes-Benz G 580 with EQ Technology. That's a long and mild name for a pretty radical reinvention of the classic G. This is the first battery-powered G-Wagen, driven by a whopping four electric motors that draw juice from a 116-kilowatt-hour battery pack. Total output is 580 horsepower. Those four motors enable the electric G to do some amazing things, like a so-called G-Turn, where it spins in place. The idea is to help this big rig get out of some tight off-road situations, but we think it'll be even more effective at impressing your neighbors. There's a bevy of other tech here too, including dedicated off-road driving modes and a series of cameras that allow drivers to spot every rock and rut when crossing the trails. No formal word on pricing just yet, but it's important to note that the gas-powered versions of the G-Class live on, so if you're really attached to internal combustion there's still a G for you. Really, though, if you can't do a tank turn, then what's the point? Watch the video above for the full story.This article originally appeared on Engadget at https://www.engadget.com/mercedes-benz-quad-motor-g-class-could-be-the-ultimate-ev-off-roader-120024168.html?src=rss
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The Senate approved a measure that will require ByteDance to sell TikTok or face a ban, in a vote of 79 to 18. The Protecting Americans from Foreign Adversary Controlled Applications Act next goes to President Biden. The president has already said hell sign the bill into law. (Yes, as predicted, I'm writing about this again.) TikTok has faced the ire of US politicians for a few years now, but this bill has picked up support across both political parties. It sailed through the House of Representatives before being approved (bundled with a package for foreign aid) by the Senate on Tuesday. The bill states that TikTok would have up to 12 months to divest from its parent company ByteDance, or face a ban in US app stores and web hosting services. The company, naturally, has protested this push, calling the bill unconstitutional and vowing to mount a legal challenge if the bill is signed into law. If it does so, it could bounce around courts for years before any eventual ban, if the company declines to sell. A few years is a long time in social media. Ask Snap, or worse, Vine. And who would buy TikTok? While many major tech companies might love to grab the social networks engaged young audience, many politicians would balk at making a Big Tech company even bigger. Steve Mnuchin, who was Treasury secretary in the Trump administration, told CNBC he was putting together an investor group. What could go wrong? Mat Smith The biggest stories you might have missed X, for some reason, has a TV app now The best travel gear for graduates Adobe Photoshops latest beta makes AI-generated images from simple text prompts You can get these reports delivered daily direct to your inbox. Subscribe right here! Microsofts new lightweight AI model can run on smartphones It can supposedly respond similarly to models 10 times its size. Microsoft has unveiled its latest light AI model, called the Phi-3 Mini, for smartphones and other local devices. The aim is to provide a cheaper alternative to cloud-powered large language models (LLMs), allowing smaller organizations to adopt AI, with presumably lower energy burdens and without heady processing costs. According to Microsoft, the new model handily outperforms its previous Phi-2 small model and is on par with larger models like Llama 2. In fact, the company says the Phi-3 Mini responds close to the level of a model 10 times its size. The trick is apparently in the data Microsoft used to train its tiny model. Continue reading. Tesla teases its ride-hailing app ahead of robotaxi unveiling The feature would be available in the Tesla app in the future. Tesla teased ride-hailing features coming to its app ahead of an August robotaxi unveiling. The company released mock-ups of the upcoming feature, which showed the ability to summon a ride from the Tesla app. The company has been promising self-driving taxi services for years. Tesla didnt offer many details, but it seems to have Uber-like functionality and the ability to remotely set the cars temperature before arrival. Continue reading. Ray-Ban Meta smart glasses get improved AI smarts that dont require a subscription Take that, Humane. Meta After a few months of testing, Meta is bringing multimodal AI to its smart glasses. Multimodal AI means the system can process multiple types of information, including photos, videos, text and audio. You might have seen feature showcases of AI-connected devices that can view what a device is looking at and offer extra information that kind of thing. Meta also announced hands-free video call integration with WhatsApp and Messenger and a few more frame designs. Continue reading.This article originally appeared on Engadget at https://www.engadget.com/the-morning-after-senate-passes-the-bill-that-could-ban-tiktok-111556543.html?src=rss
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