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July 28, 2022, 1:45 PM
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Top News

Matthew Sparkes / New Scientist:
DeepMind says AlphaFold has predicted, in 18 months, the structure of almost every protein cataloged by science, 200M+ in total, a biology problem for decades  —  Artificial intelligence firm DeepMind has transformed biology by predicting the structure of nearly all proteins known to science …
Salvador Rodriguez / Wall Street Journal:
Meta reports its first-ever YoY quarterly revenue decline and issues a lowered Q3 forecast, citing a weak ad demand environment and macroeconomic uncertainty  —  Facebook parent Meta Platforms Inc. META 6.55%▲ posted its first decline in revenue and issued a muted outlook …
Meta - Investor Relations:
Meta reports Q2 revenue down 1% YoY to $28.8B, net income down 36% YoY to $6.69B, and Family of Apps daily active people up 4% YoY to 2.88B; stock drops 6%+
Jordan Novet / CNBC:
Mark Zuckerberg: the economic downturn will broadly impact the digital ad business and Meta thus plans to “steadily reduce headcount growth over the next year”
Nelson Wang / CoinDesk:
Meta's Reality Labs division posts a $2.81B loss for Q2 2022, vs. $3.67B est., on $452M in revenue, compared to a $2.96B loss for Q1 2022 on $695M in revenue
Amanda Silberling / TechCrunch:
By the end of 2023, Mark Zuckerberg expects 30%+ of Instagram and Facebook content recommendations will be served by Meta's AI, double the ~15% on Facebook now
Tom Warren / The Verge:
Sony begins testing support for a 1440p video output option on the PlayStation 5, a widely requested feature, alongside curated gamelists and new social tools  —  Beta testers get access today  —  Sony is starting to test 1440p resolution support for its PlayStation 5 console, a highly-requested addition.
Wall Street Journal:
Sources: Jack Ma plans to relinquish control of Alibaba affiliate Ant Group, potentially pushing back Ant's IPO for a year or more; regulators okayed the change  —  The shift, long under consideration to reduce governance risks, comes as the Chinese fintech giant seeks to move on from a tough year
Richard Lawler / The Verge:
Google rolls out a new Gmail UI, moving the Mail, Meet, Spaces, and Chat buttons onto a rail in the top left, and teases a tablet update for later in 2022  —  It's not that different  —  We've been tracking the progress of Google's interface refresh for Gmail since February, and as promised …
Richard Speed / The Register:
Microsoft details Austria-based malware group Knotweed, which has used Windows and Adobe zero-day exploits to attack European and Central American organizations  —  Reports seeing ‘offensive actor’ flinging SubZero malware  —  Microsoft has published an analysis of a Europe-based …
Amanda Silberling / TechCrunch:
Twitter tests a status feature for tweets, letting select users in the US and Australia add a label from a predetermined list “to provide more context”  —  Facebook is trying to be TikTok, but now, Twitter is bringing us back a little bit of Facebook (or LiveJournal, or Myspace).
The Markup:
A look at 37 companies in the connected vehicle data marketplace, a largely unregulated industry that analysts estimate will be worth $300B to $800B by 2030  —  A firehose of sensitive data from your vehicle is flowing to a group of companies you've probably never heard of
Sara Fischer / Axios:
Sources: Meta begins telling its ~50 US news partners that the company will not renew its three-year deals from 2019 to pay for content in Facebook's News Tab  —  Meta on Tuesday began telling its news partners in the U.S. that the company no longer plans to pay publishers for their content …
Frederic Lardinois / TechCrunch:
Tel Aviv-based Frontegg, a B2B SaaS user management service, raised a $40M Series B led by Stripes and Insight Partners, bringing its total funding to $70M  —  Frontegg, the popular user management service for developers who build B2B SaaS apps, today announced that it has raised …
Ivan Mehta / TechCrunch:
Google announces new Play Store policies for developers that aim to address issues with intrusive ads, alarms, VPNs, and impersonation of brands and other apps  —  Google announced new Play Store policies for developers on Wednesday that aim to address issues with intrusive ads, alarms, VPNs, and impersonation of brands and other apps.
Marguerite Reardon / CNET:
Senate and House Democrats plan to introduce a bill to reinstate Obama-era net neutrality rules and reestablish the FCC's authority over broadband networks  —  Senate and House Democrats are set to introduce a bill to reinstate Obama-era net neutrality rules and to give the FCC authority over broadband networks.
John Loeffler / TechRadar:
Recent AMD and Nvidia leaks show upcoming GPUs will consume excessive power, a high cost environmentally and economically for diminishing returns in graphics  —  The planet may burn but at least the end will be ray-traced at 8K  —  A number of recent news items over the past few weeks …
Financial Times:
The Greater London Authority warns housing developers about a potential new project ban until 2035, citing data centers using “large quantities of electricity”  —  Greater London Authority warns developers that upgrade might take more than a decade
Mark Gurman / Bloomberg:
Sources: Apple has hired Luigi Taraborrelli, who was most recently Lamborghini's head of chassis and vehicle dynamics, to work on its self-driving electric car  —  Apple Inc. has enlisted one of Lamborghini's top car-development managers in a sign that it's stepping up work …
Ina Fried / Axios:
Meta partners with YouGov and Oasis Labs to survey US Instagram users' race and make sure its products and AI operate fairly; Meta will only get aggregate data  —  Facebook parent Meta plans to partner with an outside group to survey the race of Instagram customers in hopes of better understanding …
Kyle Wiggers / TechCrunch:
Switchboard, a collaboration app mixing videoconferencing and digital whiteboarding, raised a $25M Series A at a $200M post-money valuation led by Icon Ventures  —  Switchboard, a collaboration app that combines features of videoconferencing and digital whiteboarding, today announced …
More: FinSMEs
Chris Welch / The Verge:
Google Pixel Buds Pro review: good ANC and battery, improved sound, and no frequent audio dropouts but transparency mode, audio fidelity, and mic need work  —  Google's premium buds have more features — without deal-breaking flaws  —  It wasn't a sure thing that the Pixel Buds Pro would turn out to be good.

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From Mediagazer

CNBC:
Newsmax shares jumped 179% on Tuesday and have risen 1,500%+ since their Monday debut, bringing the company's market cap to ~$20.8B, above WBD's and Fox Corp's

Stephen Battaglio / Los Angeles Times:
Steve Kornacki signs a deal with NBC News and NBC Sports and departs from MSNBC, which Comcast is spinning off into a new corporate entity

American Journalism Project:
John Thornton, founder of The Texas Tribune, co-founder of the American Journalism Project, and venture capitalist, has died at age 59

More News

Daniel Cooper / Engadget:
Experts say it is not clear whether generative art made by AI systems trained on copyrighted data, like OpenAI's DALL-E 2, can be considered as fair use

Earlier Picks

Dustin Volz / Wall Street Journal:
Former US national security officials form the Open Source Intelligence Foundation to promote analyzing public data like social media posts for intel-gathering
New York Times:
The FTC files to block Meta's acquisition of VR company Within, saying Meta “chose to buy” instead of compete, the first antitrust lawsuit filed under Lina Khan
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