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July 11, 2024, 11:20 AM
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| Bloomberg: |
Apple settles with the EU over Apple Pay and avoids potential fines by agreeing to open NFC access on iOS to third-party wallet developers for free for a decade — - EU accepts Apple pledge to open up payment tech to rivals — Firm still faces mounting EU antitrust scrutiny in other areas
More: Engadget, European Commission, Finextra, European Commission, Reuters, Euractiv, FinTech Global, Silicon Valley Business …, Thurrott, Silicon Republic, Euronews, The Register, CNBC, Wired, PocketGamer.biz, PYMNTS.com, Android Headlines, Investopedia, Cult of Mac, MacRumors, New York Times, The Verge, TechCrunch, Quartz, 9to5Mac, MacDailyNews, Financial Times, NewsBytes, Neowin, Wall Street Journal, AppleInsider, FStech, Invezz, BGR, iMore, and Sherwood News
| Vlad Savov / Bloomberg: |
IDC estimates that Apple will sell under 500K Vision Pro units in 2024, and the headset's international launch will offset a 75% QoQ drop in US sales in Q3 2024 — - The pricey headset's US sales are expected to plummet — A more affordable model in a year's time should help momentum
More: Fortune, Gizmodo, AppleInsider, MacRumors, 9to5Mac, Neowin, BGR, and Mobile World Live
| Leo Schwartz / Fortune: |
The US SEC drops its investigation into Paxos over its BUSD stablecoin, after sending Paxos a Wells notice in February 2023 — As the crypto industry continues its calls for regulatory clarity, a glaring question has been whether stablecoins, typically digital assets pegged to and backed by the U.S. dollar … | Sarah Perez / TechCrunch: |
An international study of 642 websites and mobile apps offering subscription services finds ~76% with at least one possible dark pattern and ~67% with multiple — The U.S. Federal Trade Commission, along with two other international consumer protection networks, announced on Thursday …
More: Federal Trade Commission, icpen.org, The Verge, GIGAZINE, Home (public), TechSpot, Engadget, The Record, and ICPEN
X: @ftc and @mathewjschwartz
| Mark Bergen / Bloomberg: |
Helsing, which makes AI tools for defense, raised a €450M Series C led by General Catalyst, a source says at a €4.95B valuation, taking its funding to €769M — - Company formed in 2021 has now raised nearly €770 million — Helsing will open entity in Estonia as part of Baltic push
More: TechCrunch, Axios, Sifted, Helsing, TNW, The Decoder, and Perspectives
| Brady Dale / Axios: |
US prosecutors say crypto exchange BitMEX pled guilty to one count of violating the Bank Secrecy Act by not having an adequate AML program from 2015 to 2020 — - U.S. agencies are paying attention now, and they are aggressively reviewing those early practices, as we've seen again and again recently.
More: US Department of Justice, CryptoPotato, BitMEX Blog, Cointelegraph, crypto.news, Crowdfund Insider, CCN.com, Milk Road, Blockonomi, The Cyber Express, Watcher Guru, The Crypto Times, Cryptonews, Bitcoin Insider, Decrypt, CoinDesk, GovInfoSecurity.com, Cointelegraph, The Block, and CoinGape
X: @bitmex, @parrotcapital, @spreekaway, @cryptomtndrew, @sdnynews, and @mdudas
| Thomas Ricker / The Verge: |
SpaceX releases its $599 Starlink Mini portable dish to anyone in the US, available with its $150/month Regional and $50/month Mini Roam services — SpaceX's Starlink Mini dish — which Elon Musk says “will change the world” — is now available to anyone in the US.
More: ZDNet, Engadget, PCMag, and Notebookcheck
| Lauren Smiley / Wired: |
A profile of Priscila Barbosa, who defrauded Uber and other apps by building a ~$10K-per-month business renting fake accounts to undocumented workers in the US — She came to the US with a dream. Using platforms like Uber, Instacart, and DoorDash, she built a business empire up from nothing.
Mastodon: @waxy@xoxo.zone and @giannetti@ursal.zone
X: @bhumrobhumro, @laurensmiley, @mrshelmutscholz, @duke_zappa, @vnlasteamer, @ccb_bbctech, @wired, and @crawf34
Forums: r/longform, r/uberdrivers, and r/TrueReddit
| Chance Miller / 9to5Mac: |
Apple and Google launch a data portability tool that lets Google Photos users move their photos to iCloud, after offering iCloud to Google Photos in March 2021 — Apple and Google have teamed up to introduce a new data portability tool that lets users transfer their Google Photos collections straight to iCloud Photos.
More: Data Transfer Initiative, Google Help Center, MacRumors, Wccftech, The Register, PhoneArena, TechRadar, T3, Benzinga, Neowin, iThinkDifferent, Business Standard, O'Grady's PowerPage, NewsBytes, Android Police, Apple Support, Engadget, Android Authority, XDA Developers, Trusted Reviews, Cult of Mac, Notebookcheck, and The Verge
| Bloomberg: |
Tencent-backed Shift Up closed up ~18% after raising $320M in its Seoul IPO, the largest South Korean IPO by a gaming company since Krafton raised $3.8B in 2021 — - Tencent-backed firm sold shares at the top of an offered range — It's the largest Korean IPO by a gaming firm since Krafton
More: GamesIndustry.biz, Reuters, PlayStation LifeStyle, Video Games Chronicle, and CNBC
| Eduardo Baptista / Reuters: |
A SAS survey of 1,600 decision makers in key global markets: 83% of Chinese respondents said they've adopted generative AI vs. 65% in the US and 54% globally — China is leading the world in adopting generative AI, a new survey shows, the latest sign the country is making strides in the technology …
More: SAS, Cybernews.com, Semafor, SAS, ZDNet, GovTech, Cointelegraph, Fortune, Analytics India Magazine, Quartz, Cryptopolitan, Tech.co, and SAS
| Paayal Zaveri / Bloomberg: |
Fireworks AI, which helps companies fine-tune and customize AI models, raised $52M led by Sequoia at a $552M valuation, taking its total funding to $77M — - Startup's platform lets companies access multiple AI models — Investors put $52 into the company, led by Meta alum Lin Qiao
More: Fireworks
| Lauren Feiner / The Verge: |
How the SCOTUS NetChoice ruling on social media platforms' First Amendment rights could affect a host of tech legislation, including kids' online safety laws — Here's what the SCOTUS decision might mean for everything from kids online safety laws to the TikTok ‘ban.’| Janko Roettgers / Lowpass: |
A US court grants Redbox owner Chicken Soup for the Soul Entertainment Chapter 7 bankruptcy, paving the way for shutting down Redbox and liquidating its assets — Court hearing included allegations of fraud — Redbox is shutting down, corporate parent is being liquidated
More: Engadget, Variety, Wall Street Journal, Deadline, Cord Cutters News, Bloomberg, The A.V. Club, and The Verge
Mastodon: @jank0@sfba.social and @jank0@sfba.social
| Jess Weatherbed / The Verge: |
A Google DeepMind research paper details how Gemini 1.5 Pro's 1M-token context window allows its robots to navigate and complete tasks using simple instructions — Google is training its robots with Gemini AI so they can get better at navigation and completing tasks.
More: arXiv and arXiv.org e-Print archive
| Heather Somerville / Wall Street Journal: |
Silicon Valley Defense Group: the US federal government spent $22B on tech from the top 100 national security startups, a paltry sum and far below VC investment — Total amount of awards received by country's top national security startups less than half of what venture capitalists have invested| Eleanor Olcott / Financial Times: |
Sources: Xiaohongshu, China's fastest-growing social media platform, sold existing shares in recent weeks at a $17B valuation; DST took part in the round — Yuri Milner's DST Global takes stake at $17bn valuation in rare investment from overseas after China's tech crackdown
X: @davidyin44
| Michael Hennessey / Bloomberg: |
Paris-based Bioptimus releases H-optimus-0, an open source AI model trained on hundreds of millions of images to aid research and diagnoses of diseases — - The model is trained off of hundreds of millions of images — Firm is among those racing to use AI for medical advances
More: Bioptimus
| Isabella Ward / Bloomberg: |
UK government data: digital industry job growth grew just 0.3% in 2023, the lowest since a 0.1% decline in 2013, down from 4.1% growth in 2022 and 6.5% in 2021 — Job growth in the UK's digital industry hit its lowest in a decade, prompting the incoming Labour government to pledge to revive the sector as it seeks to stimulate growth.Sponsor Posts
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