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July 30, 2024, 4:40 PM
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| Reuters: |
Meta agrees to pay $1.4B to settle Texas' lawsuit accusing Meta of using facial recognition tech to collect biometric data of millions of Texans without consent — Meta Platforms (META.O) has agreed to pay $1.4 billion to Texas to resolve the state's lawsuit accusing the Facebook parent …
More: Texas Attorney General, Ars Technica, The Record, New York Times, CNBC, The Register, The Texas Tribune, Axios, PCMag, PYMNTS.com, Associated Press, Fortune, Engadget, Tech Policy Press, Politico, TechCrunch, Fast Company, InformationWeek, Financial Express, The Cyber Express, The Hill, The Verge, Washington Post, Pocket-lint, McKool Smith, Blaze Media, Benzinga, MRCTV, Wall Street Journal, Quartz, Keller Postman LLC, Invezz, Financial Times, The Daily Caller, Bloomberg Law, RTL Today, News 5 Cleveland WEWS, and FOX 26 Houston
| Kate Gibson / CBS News: |
The US CPSC rules that Amazon is legally responsible for recalled products sold on Amazon.com, even by third parties, and must remove them and notify purchasers — Amazon distributed hundreds of thousands of hazardous products sold by third-parties through the e-commerce giant's platform …
More: Ars Technica, U.S. Consumer Product …, CNBC, Reuters, The Information, Associated Press, Tom's Guide, SlashGear, and CNET. Forums: r/law
| Wall Street Journal: |
Amazon is expanding its one- to two-day delivery capabilities to US rural areas, using hyper-efficient warehouses, contracted drivers, and mom-and-pop shops — E-commerce giant is expanding into remote areas after years of fine-tuning its delivery systems in more dense cities| Kylie Robison / The Verge: |
Perplexity is launching a program to share ad revenue with partners such as Time, Der Spiegel, Fortune, and WordPress.com, after weeks of plagiarism accusations — Perplexity is launching a program to share ad revenue with publishing partners following weeks of plagiarism accusations.
More: The Atlantic, Ars Technica, Semafor, TechCrunch, Perplexity AI, Search Engine Land, The Drum, WordPress.com News, Nieman Lab, CNBC, The Decoder, Invezz, Tech Startups, The Information, Fast Company, Engadget, San Francisco Chronicle, VentureBeat, Press Gazette, Digiday, Bloomberg, WinBuzzer, CNBC Television on YouTube, GreekReporter.com, and Werd I/O
| Lauren Feiner / The Verge: |
The US Senate passes the Kids Online Safety Act and the Children and Teens' Online Privacy Protection Act by a vote of 91 to 3; the bills now head to the House — The Senate passed the Kids Online Safety Act (KOSA) and the Children and Teens' Online Privacy Protection Act (also known as COPPA 2.0) … | Akash Sriram / Reuters: |
California's DMV says it has created tokens for 42M car titles on the Avalanche blockchain and aims to help residents access them by early next year — California's Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain technology in a bid to detect fraud …
More: Quartz, Cointelegraph, CoinGape, The Daily Hodl, crypto.news, and Avalanche
Threads: @gwestr. X: @avax, @bondjanebond, @kevinsekniqi, @jacqmelinek, @smyyguy, @john1wu, and @avalabs
Forums: Hacker News and r/Hedera
| Microsoft: |
Microsoft reports Q4 revenue up 15% YoY to $64.7B, net income up 10% to $22B, Office Commercial revenue up 12% YoY, and LinkedIn revenue up 10% YoY — REDMOND, Wash. — July 30, 2024 — Microsoft Corp. today announced the following results for the quarter ended June 30, 2024 …
| Jagmeet Singh / TechCrunch: |
Qualcomm debuts the 4nm Snapdragon 4s Gen 2, a feature-limited version of the Snapdragon 4 Gen 2, to make 5G accessible to smartphones in the sub-$100 category — Qualcomm Tuesday announced the Snapdragon 4s Gen 2. The entry-level chip aims to make 5G accessible to 2.8 billion smartphone users …
More: Qualcomm, The Register, Android Authority, XDA Developers, Gizmochina, Android Headlines, Tom's Guide, GSMArena.com, Phandroid, Neowin, HotHardware, Lifewire, SamMobile, PhoneArena, Business Standard, Tech Advisor, Digital Trends, ComputerWeekly.com, VentureBeat, Android Central, Notebookcheck, nextpit, PCMag, Phone Scoop, Droid Life, Light Reading, and GSMArena.com
| Capital Brief: |
Canva acquires AI image generation service Leonardo.ai for an undisclosed amount; Leonardo.ai launched in December 2022 and has 19M+ registered users — Founded in December 2022, Leonardo.Ai has over 19 million users and its very own foundation AI model. — Canva, Australia's largest …
More: Canva, TechCrunch, The Verge, Thurrott, Tech Monitor, Maginative, PhoneArena, PetaPixel, Tech.co, WinBuzzer, MarTech, TechRadar, Neowin, Dataconomy, iClarified, Unite.AI, AIM, Bloomberg, SmartCompany, Leonardo.AI, and The Information
X: @leonardoai_, @hc_dsn, @angrypenguinpng, and @canva
| Mat Di Salvo / Decrypt: |
The SEC charges BitClout founder Nader Al-Naji for raising $257M+ from unregistered offers and sales of BTCLT and lying to investors about taking from proceeds — The United States Securities and Exchange Commission (SEC) has hit the founder of decentralized social network BitClout with fraud charges … | Jeff Stone / Bloomberg: |
Microsoft calls on the US Congress to pass a comprehensive law to crack down on AI deepfakes that aim to interfere in elections or maliciously target people — - Law enforcement needs a clear legal framework, Brad Smith says — Elon Musk recently shared manipulated clip of Kamala Harris
More: Microsoft On the Issues, Windows Central, The Verge, Fast Company, TechSpot, Tech.co, Android Headlines, and Washington Post
X: @msftissues and @bradsmi
| Rafe Uddin / Financial Times: |
The UK ICO says the country's election authority failed to take “basic steps” to protect the personal data of 40M voters before a 2021 China-backed cyberattack — ‘Basic steps’ including updating passwords were missed before 2021 hack, finds Information Commissioner| Bloomberg: |
Sources including frontline health care workers say their testing of Google's AI-powered nurse handoff tool has left questions about its consistency and quality — After spending billions trying to transform the industry, Alphabet sees opportunity in artificial intelligence.
More: John Battelle's Search Blog. X: @daveyalba, @daveyalba, @daveyalba, @byjulialove, and @daveyalba
| Maxwell Zeff / TechCrunch: |
OpenAI begins rolling out ChatGPT's Advanced Voice Mode, initially called out for sounding like Scarlett Johansson after its demo in May, to ChatGPT Plus users — OpenAI began rolling out ChatGPT's Advanced Voice Mode on Tuesday, giving users their first access to GPT-4o's hyper-realistic audio responses.
More: Inc.com, MIT Technology Review, Engadget, Axios, Bloomberg, The Verge, Tom's Guide, Quartz, The Decoder, The Crypto Times, iClarified, and TechRadar
| Manya Saini / Reuters: |
PayPal reports Q2 revenue up 8% YoY to $7.89B, total payment volume up 11% to $416.81B, transaction margin dollars up 8%, and raises its FY 2024 profit forecast — PayPal (PYPL.O) on Tuesday raised its forecast for full-year adjusted profit for the second time, betting on resilient consumer spending … | Duncan Riley / SiliconANGLE: |
Lineaje, a software supply chain management startup, raised a $20M Series A co-led by Prosperity7 Ventures, Neotribe Ventures, and Hitachi — Software supply chain management startup Lineaje announced today that it has raised $20 million in new funding to advance its artificial intelligence capabilities …
More: FinSMEs, Lineaje, and SecurityWeek
| Katharine Gemmell / Bloomberg: |
The UK CMA is gathering information from market players to determine whether Google's partnership with Anthropic qualifies as a merger and harms UK competition — - CMA will review whether investment causes competition issues — Google committed to investing $2 billion into the AI startup| Kif Leswing / CNBC: |
AMD reports Q2 revenue up 9% YoY to $5.83B, vs. $5.72B est., Data Center revenue up 115% to $2.8B, net income up 881% to $265M, Q3 revenue forecast above est. — Advanced Micro Devices reported second-quarter earnings on Tuesday that beat Wall Street expectations for revenue and showed continued growth …
More: Reuters, Bloomberg, Investing.com, and Advanced Micro Devices, Inc.
| Juby Babu / Reuters: |
Pinterest reports Q2 revenue up 21% YoY to $853.7M, vs. $847.8M est., MAUs up 12% YoY to 522M, and forecasts Q3 revenue below est.; PINS drops 13%+ after hours — Pinterest (PINS.N) forecast current-quarter revenue below Wall Street expectations on Tuesday, hurt by tough competition …
More: MarketWatch, CNBC, and Pinterest
| The Information: |
Meta scraps its celebrity AI chatbot feature less than a year after launch and now expects people to use Meta's new AI Studio to customize their own AI avatars — Meta Platforms has scrapped its first high-profile foray into consumer artificial intelligence—chatbots played by celebrities … | Tekendra Parmar / Bloomberg: |
Scammers are using Meta's copyright protection tools to target Middle East influencers; creators see their Instagram content removed if they don't pay ransoms — Victims see their content removed from Instagram unless they pay steep ransoms. — In May 2023, Esaa Ahmed-Adnan … Sponsor Posts
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