Techmeme: Regard, which saves physicians time by analyzing patients' health data using AI, raised a $61M Series B led by Oak HC/FT, a source says at a $350M valuation (Marina Temkin/TechCrunch)

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July 11, 2024, 12:35 PM

Top News

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

Leo Schwartz / Fortune:

The US SEC drops its investigation into Paxos over its BUSD stablecoin issued in partnership with Binance, 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 …

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: MacRumors, PCMag, HotHardware, Gizmodo, AppleInsider, Neowin, Spyglass, BGR, 9to5Mac, MacDailyNews, Notebookcheck, and Mobile World Live

Bluesky: @marypcbuk.bsky.social. X: @business. Forums: MacRumors Forums

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, The Stack, Home (public), GIGAZINE, 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, Maginative, TNW, The Decoder, Lightspeed Venture Partners, and Perspectives

X: @khelioui and @mhbergen. LinkedIn: Alexander Schmitt

Marina Temkin / TechCrunch:

Regard, which saves physicians time by analyzing patients' health data using AI, raised a $61M Series B led by Oak HC/FT, a source says at a $350M valuation — People in tech often say that data is the new oil. That phrase, coined by British mathematician Clive Humby, of course implies that data is valuable.

More: FinSMEs, Regard, and MobiHealthNews

X: @regardapp. LinkedIn: Eli Ben-Joseph

Jess Weatherbed / The Verge:

A Google DeepMind research paper details how Gemini 1.5 Pro's 1M-token context window lets Google's robots 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

Thomas Ricker / The Verge:

SpaceX makes its $599 Starlink Mini portable dish available to everyone in the US; the Mini works with the $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. Forums: r/technology

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.

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, CNBC, and Video Games Chronicle

Forums: r/Games and r/PS5

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, Beyond Search, Cybernews.com, Semafor, SAS, ZDNet, GovTech, Cointelegraph, Fortune, Analytics India Magazine, Quartz, Cryptopolitan, Tech.co, and SAS

X: @sassoftwarenews, @sassoftware, and @sassoftwarenews. Forums: r/singularity

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

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: SiliconANGLE, FinSMEs, and Fireworks

Wes Davis / The Verge:

YouTube announces new Shorts features, including TikTok-like text-to-speech video narration, in-app auto-generated captions, and a set of Minecraft effects — YouTube has announced a set of new features for YouTube Shorts, some of which are available now, like a new text-to-speech video narration …

More: Creator Insider on YouTube, Engadget, TechCrunch, and YouTube Official Blog

Mackenzie Hawkins / Bloomberg:

Two Republican US House Committee chairs call for an intelligence assessment of Microsoft's deal with Abu Dhabi's G42, including a focus on G42's China ties — - GOP officials concerned China could access sensitive US tech — Lawmakers have had ‘productive’ conversations with Microsoft

More: Reuters, Rest of World, and Dark Reading

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.’

More: Wired and techfreedom.org

X: @lauren_feiner and @eff

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 12:35 PM ET, July 11, 2024.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Variety:

AMC Networks acquires full control of BBC America, after BBC Studios sold its remaining 50.1% interest in the channel to AMC Networks for $42M in cash

Sean Burch / The Wrap:

News Corp reports Q1 revenue up 3% YoY to $2.58B, net income up 148% YoY to $144M, Dow Jones revenue up 3% YoY to $552M, and WSJ subscriptions up 7% YoY to 4.3M

Benjamin Mullin / New York Times:

Memo: WaPo CEO Will Lewis tells staff they'll be expected to work from the office five days a week, instead of three, by June 2, and by February 3 for managers

More News

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

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

More: UKTN. X: @micahmaidenberg. LinkedIn: Ian Winer

Eleanor Olcott / Financial Times:

Sources: Xiaohongshu, China's fastest-growing social media platform, sold existing shares in recent weeks at a $17B valuation; DST Global took part in the round

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

More: Bioptimus

Ruchi Bhatia / Bloomberg:

Nasscom expects India's digital talent gap to widen to ~29% in 2028 and says India needs 1M+ engineers with advanced AI and other skills over the next 2-3 years

X: @technology and @mihirkjha

Bhupendra Paintola / Inc42 Media:

Kearney-Amazon Pay survey of 6K consumers and 1K merchants in 120 Indian cities: 90% prefer digital transactions, 46% of the transactions are digital, and more

FinSMEs:

Hayden AI, which provides vision AI tools for cities to monitor traffic safety and more, raised a $90M Series C led by TPG's The Rise Fund

More: Hayden AI Blog, SiliconANGLE, VC News Daily, and Crunchbase News

Valida Pau / Bloomberg:

Earned Wealth, which offers wealth management services to medical professionals, raised $200M, and reports 3,000+ clients and $2B of assets under management

More: PYMNTS.com. LinkedIn: John Clendening

Earlier Picks

Ryan Gould / Bloomberg:

Sources: Alphabet shelves efforts to acquire HubSpot after the companies failed to reach a point of detailed discussions around due diligence; HUBS drops 10%+

Shubham Sharma / VentureBeat:

AWS launches App Studio, which is a generative AI-powered service letting enterprise users create internal apps using text prompts, in public preview

More: About Amazon, Finextra, WinBuzzer, Neowin, TechCrunch, WebProNews, PYMNTS.com, SiliconANGLE, Amazon Web Services, Inc., and Constellation Research

X: @quinnypig, @ericpullen, and @adamse

Evan Gorelick / Bloomberg:

OpenAI and Los Alamos National Laboratory announce a partnership to evaluate how multimodal AI models can be used safely by scientists in laboratory settings

More: OpenAI, Axios, Maginative, WinBuzzer, The Stack, Analytics India Magazine, Ben's Bites, Benzinga, Decrypt, The Decoder, Gizmodo, CoinGape, and The Verge

X: @andrewcurran_, @gdb, @ethancaballero, and @tejalpatwardhan. Forums: r/OpenAI

Brody Ford / Bloomberg:

Intuit plans to cut 10% of its global workforce, or ~1,800 employees, and rehire the same number, primarily in its engineering, product, and sales divisions

More: Intuit Blog, Inc.com, Fortune, The Register, The Information, Wall Street Journal, Analytics India Magazine, The Crypto Times, SiliconANGLE, Silicon Valley Business …, Cointelegraph, Proactive, Reuters, PYMNTS.com, Silicon Republic, Associated Press, Quartz, BetaKit, Barron's Online, and Tech Startups

Threads: @carnage4life. LinkedIn: Emil Protalinski and Brody Ford. Forums: Hacker News

Chris Welch / The Verge:

Samsung unveils $250 Galaxy Buds3 Pro and $180 Galaxy Buds3, with ANC and switching to an AirPods-like stemmed design and case, available on July 24

More: TechCrunch, Samsung Newsroom, Cybernews.com, CNET, nextpit, 9to5Toys, ZDNet, Mashable, Android Headlines, iClarified, Neowin, MobileSyrup, Financial Express, Stuff, T3, How-To Geek, Android Police, ZDNet, Mashable, GadgetGuy, Yanko Design, Engadget, TechRadar, and NewsBytes

Threads: @chriswelch. X: @sondesix and @sondesix

Ben Schoon / 9to5Google:

Samsung debuts the Galaxy Z Fold6, with a wider 22.1:9 display, up to 2,600 nits of brightness, a thinner frame, IP48, and seven years of updates, for $1,899

Wes Davis / The Verge:

Google now lets its users set up Advanced Protection Program with a single passkey, using Android or iOS biometric authentication, instead of two physical keys

More: The Keyword, The Hindu, TechSpot, nextpit, TechRadar, Android Police, SC Media, Wired, 9to5Google, Phandroid, HotHardware, Google Help Center, The Cyber Express, Thurrott, MacRumors, Help Net Security, Android Central, BleepingComputer, Forbes, The Hacker News, Android Authority, and Engadget

X: @google. LinkedIn: Kent Walker. Forums: Slashdot

Dan Goodin / Ars Technica:

Researchers detail the Blast-RADIUS MD5-based vulnerability affecting RADIUS, a widely used network access authentication protocol first developed in 1991