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July 11, 2024, 5:25 PM
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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: European Commission, European Commission, Engadget, SiliconANGLE, Six Colors, Finextra, CNBC, iThinkDifferent, WBJ, Gizchina, GSMArena.com, Euronews, iPhone in Canada Blog, Barron's Online, Computerworld, Ars Technica, Reuters, Proactive, Financial Times, TechCrunch, Politico, Quartz, New York Times, Android Headlines, PocketGamer.biz, Silicon Republic, Silicon UK, Wired, Silicon Valley Business …, Fortune, Invezz, FinTech Global, PYMNTS.com, BGR, MacRumors, Neowin, Cult of Mac, Thurrott, kuwaittimes, FStech, 9to5Mac, Wall Street Journal, AppleInsider, Business Standard, The Register, iMore, Deutsche Welle, NewsBytes, MacDailyNews, The Verge, and Sherwood News
| 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 …
More: Paxos, The Block, CryptoPotato, Decrypt, Crypto Briefing, The Information, The Daily Hodl, Bitcoin Insider, CoinGape, The Crypto Times, Protos, crypto.news, Cryptonews, Watcher Guru, Coinpedia Fintech News, Cryptopolitan, Milk Road, CryptoSlate, and Cointelegraph
X: @paxos, @leomschwartz, @awerner, @mdudas, @asvanevik, @holiday_nate, @advisercounsel, @jerallaire, @alpha_pls, @jeffjohnroberts, @scaramucci, @riddle245, and @leomschwartz. LinkedIn: Ben Gray
| 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| Matt Burgess / Wired: |
A US judge sentences Ukrainian Vyacheslav Igorevich Penchukov, who helped lead the prolific Zeus malware gang, to 18 years in jail and orders payment of $73M+ — The cybercrime boss, who helped lead the prolific Zeus malware gang and was on the FBI's “most wanted” list for years … | 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, Digital Trends, and Maginative
| Andrew Cunningham / Ars Technica: |
ARM unveils Accuracy Super Resolution, an upscaler for mobile gaming based on AMD's FidelityFX Super Resolution 2, available under the MIT open-source license — Arm “Accuracy Super Resolution” is optimized for power use and integrated GPUs. — Some of the best Arm processors come …
More: Arm Community, The Verge, TechSpot, Digital Trends, OC3D, Tom's Hardware, VideoCardz.com, and PC Gamer. X: @arm
| 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: PYMNTS.com, Reuters, Financial Times, Cryptopolitan, Rest of World, and Dark Reading
| 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: PYMNTS.com, Fireworks, SiliconANGLE, and FinSMEs
| 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: How-To Geek, ZDNet, MobileSyrup, Android Authority, ExtremeTech, PCMag, Engadget, and Notebookcheck
| Olga Kharif / Bloomberg: |
Chainalysis: more than half of all illicit transaction volume in crypto now winds up on centralized exchanges — - Chainalysis finds record stablecoin usage in suspect activity — Over half of illegal funds wind up on centralized exchanges — Suspect digital wallets have distributed close …
More: Unchained, The Block, The Crypto Times, crypto.news, Chainalysis, Cointelegraph, and CryptoPotato
| 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: PlayStation LifeStyle, Game Rant, Reuters, GamesIndustry.biz, CNBC, and Video Games Chronicle
Forums: r/gachagaming, r/Games, and r/PS5
| 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: icpen.org, Federal Trade Commission, OSnews, PCMag, Security Boulevard, Digital Music News, GIGAZINE, TechSpot, The Stack, ICPEN, The Verge, Engadget, and The Record
X: @ftc and @mathewjschwartz
| 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: SiliconANGLE, FinSMEs, HIT Consultant, Regard, and MobiHealthNews
| 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 … | 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: Crunchbase News, Helsing, Perspectives, The Decoder, Maginative, Sifted, TechCrunch, Axios, Lightspeed Venture Partners, and TNW
| Wired: |
Arab and Muslim workers at Meta detail frustrations over Meta's handling of internal discussions on the Israel-Hamas war, worrying it led to bad product choices — Arab and Muslim workers at Meta allege that its response to the crisis in Gaza is one-sided and out of hand.
X: @evystadium, @wired, and @wired
| 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: @laurensmiley, @bhumrobhumro, @duke_zappa, @wired, @mrshelmutscholz, @vnlasteamer, @crawf34, and @ccb_bbctech
Forums: r/Longreads, r/longform, r/uberdrivers, and r/TrueReddit
| 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. LinkedIn: David Price. Forums: r/singularity
| Rachel Metz / Bloomberg: |
A look at the rise in use of the sparkles emoji to market AI products as magic, as some say the imagery distracts from real-world issues the AI industry faces — Have you noticed artificial intelligence is looking a lot more sparkly lately? But first... Do you believe in magic?
More: CNET. X: @fdaudens, @c_pritchard, @katherineamunro, @minney_cat, @kristyt, @thdxr, @bzamayo, @kristyt, and @rachelmetz
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