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 …
DeepMind says AlphaFold has predicted the structure of almost every protein cataloged by science, over 200M in total, a problem in biology for decades
Artificial intelligence firm DeepMind has transformed biology by predicting the structure of nearly all proteins known to science in just 18 months …
Sony begins testing support for 1440p games on the PlayStation 5, a widely requested feature, alongside a 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.
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”
ad market is shit —reels monetizes less than other ads on instagram and they are ramping up reels so they need to figure out how to make more money from reels eventually — apple still murdering them w...
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%+
Announces Plans for Chief Financial Officer Transition and Chief Strategy Officer Appointment MENLO PARK, Calif., July 27 …
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
Amanda Silberling / TechCrunch :
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 … Source: Microsoft Security Blog .
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
Nelson Wang / CoinDesk :
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 …
Sources: Jack Ma plans to relinquish control of Alibaba's Ant Group, potentially pushing back Ant's IPO for a year or more; regulators approve of 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
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 …
Twitter tests a status feature for tweets, letting users add a label from a pre-determined list, in the US and Australia
Facebook is trying to be TikTok, but now, Twitter is bringing us back a little bit of Facebook (or LiveJournal, or Myspace). Some users are reporting …
Greater London Authority warns housing developers about a potential ban on new housing until 2035, citing a growing number of data centers consuming electricity
Greater London Authority warns developers that upgrade might take more than a decade — Developers in west London face …
Recent AMD and Nvidia leaks show upcoming GPUs will consume excessive amounts of power, creating a high environmental cost for limited improvement 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 … Tweets: @pt , @pt , @bitinn , @ianbetteridge , @alexhern , @alexhern , @rh...
Worldwide Mobile Pricing 2022 survey of mobile data prices: five of the world's 10 most expensive places are in sub-Saharan Africa; Israel is the cheapest
A new report detailing the cost of mobile data in different markets across the world, bears the evidence of why internet use … Source: Cable.co.uk .
A look at 37 companies within the connected vehicle data marketplace, a largely unregulated industry that some estimate will be worth $300B-$800B by 2030
A firehose of sensitive data from your vehicle is flowing to a group of companies you've probably never heard of Tweets: @funnymonkey , @themarkup , @jaycstanley , @nabihasyed , and @aclu Tweets: Bill...
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
Welcome to BIG, a newsletter on the politics of monopoly power. Lauren Feiner / CNBC : Facebook lawsuit delivers on FTC chair Lina Khan's progressive agenda Josh Sisco / Politico : Antitrust agency ta...
Crypto exchange FTX US expands its no-fee stock trading service to all US users, including non-crypto investors, and plans to offer options trading next
Crypto exchange FTX US is expanding its no-fee stock trading service to all US users, including non-crypto investors …
Google announces Play Store policies 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.
Sources: Meta begins telling its 50 US news partners that it will no longer pay for content to run on Facebook's News Tab, ending a three-year deal from 2019
Meta on Tuesday began telling its news partners in the U.S. that the company no longer plans to pay publishers for their content … Tweets: @sarafischer , @sarafischer , @joshelman , @rj_writes , @matt...
Senate and House Democrats will 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.
Meta partners with YouGov and Oasis Labs to survey US Instagram users' race and make sure its products 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 …
The US Senate passes the Chips and Science Act, including $52B+ for US chipmakers plus tax credits to encourage investment; the bill now heads to the House
An interview with Paytm CEO Vijay Shekhar Sharma on the company's $1B annual revenue goal, post-IPO stock price crash, giving investors more info, and more
Paytm was the poster boy for India's tech startups, only to lose two-thirds of its value since its IPO and become a symbol of the industry's crash. Tweets: @saritharai and @sankalp_sp Tweets: Saritha ...
Google delays phasing out third-party cookies in Chrome to H2 2024, after deferring the plan from 2022 to 2023, citing the need for more Privacy Sandbox tests
Abner Li / 9to5Google :
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
but not the most important ones relating to the use of existing © works to train AI. https://www.wired.com/... @maasgad : “Is it right that the AIs of the future are able to produce something magical ...
China smartphone sales fell 14.2% YoY in Q2 2022 to the lowest point since Q4 2012; Honor grew sales 103.3% YoY, boosting its Q2 market share from 7.7% to 18.3%
Ivan Lam / Counterpoint Research :
Google unveils Chrome OS features: video editing in Google Photos, PDF editing in Gallery, light and dark themes, and the ability to save a virtual desk
Frederic Lardinois / TechCrunch :
Filing: Spotify bought Findaway for €117M, Sonantic for €91M, and Chartable and Podsights for €83M, with a possible extra payment of €21M
Spotify has quietly announced how much it's paying for four of its recent acquisitions, revealing that it's doling out a combined €291 million …
Meta CFO David Wehner will take on a new role as Meta's first chief strategy officer, starting on November 1; VP of Finance Susan Li will take over as CFO
Qualcomm reports Q3 revenue up 37% YoY to $10.93B, vs. $10.88B est., net income up 53% YoY to $3.36B, and chip segment revenue up 45% YoY to $9.38B
Kif Leswing / CNBC :
An interview with a Baidu robotaxi safety operator, who sits in the passenger seat and monitors how self-driving cars cope with Beijing's streets
Zeyi Yang / MIT Technology Review : Tweets: @hkanji , @baidu_inc , and @zeyiyang Tweets: Hussein Kanji / @hkanji : Robotaxi safety operator is an occupation that exists only in our time, the result o...
Former US national security officials form the Open Source Intelligence Foundation to promote analyzing public data like social media posts for intel-gathering
a comprehensive institutional response to the incentives problem is needed.” Check out @ChinmayiSharma's @lawfareblog article on open-source security: https://www.lawfareblog.com/ ... https://twitter....
Samsung reports Q2 operating profit up 12% YoY to ~$10.8B, revenue up 21% YoY to ~$59.3B, and chip revenue of ~$22.1B, citing server demand and a strong USD
Yonhap News Agency :
Center, which wants to index and organize every NFT on every chain and says it has indexed 120M NFTs so far, has raised $11M in seed funding
- NFT tooling company Center raised $11 million in a seed funding round. — The company is attempting to index and organize every NFT on every chain … Tweets: @dangerwillrobin , @dwr , @gauravahujak ,...
Islamabad-based fintech Dbank, which aims to “democratize banking” in Pakistan, raised a $17.6M seed led by Sequoia Capital Southeast Asia and Kleiner Perkins
Manish Singh / TechCrunch :
A look at the recent rise of protestware, where developers deliberately sabotage their own software libraries as a means of protest for a cause they believe in
Ax Sharma / TechCrunch : Tweets: @haje Tweets: @haje : I loved this piece from @Ax_Sharma (making his @TechCrunch contributor debut) today, delving into how and why #OpenSource developers are sabotag...
Frontegg, a user management service for B2B SaaS providers, has 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 …
Sources: Twitter CEO Parag Agarwal has sought to spend more time with advertisers to keep the company's $4.5B/year ad business afloat amid its Musk legal battle
insiders say ‘rudderless’ Twitter facing increased tensions amid Musk takeover saga Tweets: Janine Gibson / @janinegibson : A rudderless social network with considerable political power seems a bit wo...
Brooklyn-based fantasy sports app Underdog raised a $35M Series B at a $485M valuation, and plans to launch licensed sports betting in Ohio and Colorado in 2023
Katherine Sayre / Wall Street Journal :
Crypto analytics startup Chainalysis launches Government Solutions, a government-facing subsidiary initially staffed with 90 investigators assisting US agencies
Danny Nelson / CoinDesk : Tweets: @coindesk Tweets: @coindesk : EXCLUSIVE: @Chainalysis is spinning up a government-facing subsidiary in an expansion of the blockchain tracer's multi-million dollar b...
Retool, which provides drag and drop tools for companies to make internal apps, raised a $45M Series C2 at a $3.2B valuation, up from $1.93B in December 2021
The explosion of cloud computing, broadband networks, smarter devices and a vogue for building SaaS startups has created a universe …
How two college students used an IP address grabbing tool to find who hacked one of their Snapchat accounts in a sextortion scheme, putting the attacker in jail
France-based Cegid is merging with Spanish rival Grupo Primavera in a €6.8B all-share deal; the combined company will sell specialized software to digitize SMBs
Financial Times : Source: CEGID Source: CEGID : Cegid enters into a definitive agreement to combine with Grupo Primavera.
Chinese grocery delivery startup Missfresh tells employees it has run out of money; Missfresh was valued at $3B after raising ~$300M in its June 2021 IPO
Financial Times : Tweets: @johnaglionby , @robinwigg , @caseynewton , @ron_miller , and @muradahmed Tweets: John Aglionby / @johnaglionby : ‘Our operations are in big trouble’. Understatment of the y...
Human Security, an enterprise bot mitigation and fraud detection service, merges with PerimeterX, which helps protect web apps; deal terms were not disclosed
Etsy reports Q2 revenue up 10.6% YoY to $585M, vs. $556M estimated, and net income down 25.6% YoY to $73.1M; stock rises 8%+
Shopify's new AI commerce stack
Their VP of Product digs into just-launched products to help entrepreneurs and developers build with the latest AI.
Email fatigue is real: Here's how smart email tools help you regain control
Picture this: It's Monday morning. You walk into the office feeling energized and ready to take on the week.
Protecting your Cloud Applications Data
Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.