Threads' early growth decisively proved the demand for a new text-based conversation app that could fully supplant Twitter's role in shaping public conversation
One week later, engagement is down — but the prize is still there for the taking — I. — On July 5, Meta released Threads into the world.
Adam Mosseri says spam attacks on Threads “have picked up” so Meta is tightening “things like rate limits” and warns of “unintentionally limiting active people”
It looks like Twitter isn't the only one having to turn to rate limits — or limits on how many posts users can view — as it turns out.
Peacock raises its Premium price by $1 to $5.99/month and Premium Plus by $2 to $11.99/month, at once for new customers and on August 17 for current subscribers
Peacock is delivering bad news to its subscribers tonight. Beginning at 12 a.m. ET, the streamer is notifying existing customers …
The UK's Competition Appeal Tribunal pauses Microsoft's hearing, starting on July 28, of its appeal against the CMA blocking the Activision deal, for two months
Microsoft's (MSFT.O) appeal against Britain's block on its $69 billion takeover of Activision Blizzard (ATVI.O) …
The FCC unveils the US Cyber Trust Mark, a voluntary cybersecurity label for smart devices that will signify that devices meet NIST-set security standards
In a press briefing, Federal Communications Commission (FCC) Chair Jessica Rosenworcel said the new label, called the US Cyber Trust Mark …
Sources: Microsoft and Activision Blizzard plan to keep seeking the final regulatory approvals for their $69B deal, despite not closing by the July 18 deadline
Bloomberg :
A pro-Ron DeSantis super PAC used an AI version of Trump's voice, which appears to be narrating Trump's Truth Social post, in a statewide TV attack ad in Iowa
The spot illustrates the new frontiers in political advertising. — A pro-Ron DeSantis super PAC uses an Artificial Intelligence version …
A US appeals court stays for 90 days a ruling letting Apple App Store developers link to third-party payment options, so Apple can prepare a SCOTUS filing
On Monday, Apple was granted a motion putting a hold on the appeals court ruling that would push the company to undo its “anti-steering” …
Spain's antitrust watchdog fines Amazon and Apple a combined €194M for limiting the sale of devices from Apple and competitors on Amazon's Spanish sites
Spain's antitrust watchdog CNMC on Tuesday said it had imposed fines worth 194 million euros ($218.2 million) in total on Amazon …
Microsoft announces Copilot for Microsoft 365 pricing to cost $30 per user for business accounts, and unveils Bing Chat Enterprise with increased privacy
A version of Bing Chat with corporate-level privacy is also rolling out in preview. — At the Microsoft Inspire partner event today …
Sony and Microsoft sign a 10-year Call of Duty on PlayStation deal; in 2022, Microsoft offered to keep “existing Activision console titles on Sony” through 2027
Microsoft plans to discontinue Games with Gold on September 1 and to replace Xbox Live Gold with Xbox Game Pass Core, which includes 25+ games, on September 14
here's what you need to know Jade King / TheGamer : Xbox Game Pass Core Is A Bad Deal For Gamers Justin Diaz / Android Headlines : Xbox Game Pass Core is the new Xbox Live Gold Steven Mills / Destruct...
PDD's Temu sues rival Shein in the US, alleging Shein violated antitrust laws by intimidating clothing manufacturers into supply arrangements that excluded Temu
- Two fast-growing powers in online fashion clash over tactics — Shein dominates ultra fast-fashion with $66 billion valuation
Leeds-based chip designer Optalysys, which is developing optical chips that use light instead of electricity to perform calculations, raised a £21M Series A
Leeds-based company pushes its innovative technology to unlock one of greatest challenges in data security
Execs at G/O Media, owner of Gizmodo, Jezebel, and others, say the company will publish more AI-generated stories despite blowback for botched first attempts
Why G/O Media thinks we should have more stories written by bots. — In early July, managers at G/O media … Bluesky: @danilo.redeem-tomorrow.com . Twitter: @kylebrussell , @ryanvailbrown , @dkthomp ,...
A look at local US governments' use of Automatic License Plate Recognition startups, like Rekor and Flock, that claim to spot “suspicious” movement patterns
Artificial intelligence is helping American cops look for “suspicious” patterns of movement, digging through license plate databases with billions of records.
Futureverse, a combination of 11 different startups from sectors including blockchain, AI, and metaverse, raised a $54M series A led by 10T Holdings
The startup formed out of a merger of 11 different companies. — An unusual company straddling a range of industries has raised $54 million in fresh funding from investors.
Wix debuts AI Site Generator, a tool that can create websites from chat prompts, including e-commerce, scheduling, food ordering, and event ticketing components
As our CEO Avishai Abrahami highlighted, AI has been transforming Wix since 2016. … Justin Gerrard : Wix, a longtime fixture of the web building space, is betting that today's customers don't particul...
Wing Cloud, developer of open-source, cloud-native programming language Winglang, launches out of stealth with a $20M seed
Cloud-native programming language startup Wing Cloud Ltd. is exiting stealth mode today armed with a hefty $20 million in seed funding.
OpenAI partners with the American Journalism Project to access content to train its AI model in exchange for $5M in funding and $5M in developer credits
OpenAI isn't done making waves in the media industry — far from it. — The Sam Altman-led private company behind ChatGPT …
UK-based Netcraft, a cybercrime detection company founded in 1995, raised $100M led by Spectrum Equity in its first fundraising to date
After years of growth, funding for cybersecurity startups is beginning to slow down, a symptom of the broader economic malaise and — perhaps — market oversaturation.
The US SEC plans to consider, as soon as this fall, conflict of interest rules for financial advisers and brokerages using AI to steer clients toward products
Chair Gensler Hints at More Crypto Industry Enforcement Emilia David / The Verge : SEC is worried chatbots could fuel a market panic Mike Dalton / CryptoSlate : Gary Gensler ‘disappointed’ in Ripple r...
Tractable, which develops computer vision and AI tools to remotely assess damage to property and vehicles, raised a $65M Series E led by SoftBank Vision Fund 2
When it comes to transforming business operations, artificial intelligence holds a lot of promise across many industries.
Binance completes integrating the Bitcoin Lightning Network, enabling faster and cheaper bitcoin transactions, after setting up Lightning nodes in June 2023
Yogita Khatri / The Block :
The Biden admin adds European spyware firms Intellexa and Cytrox to an export prohibition list blocking them from US tech, as concerns grow over hacking tools
Dustin Volz / Wall Street Journal :
Filing: Celsius settles with Series B holders to distribute $25M of proceeds from selling crypto custodian GK8; Galaxy Digital acquired GK8 from Celsius in 2022
Sam Reynolds / CoinDesk :
Louisville-based JumpCloud says a state-backed hacking group breached its systems on June 22 via a spear-phishing attack targeting a small set of its customers
Former Twitter Africa staff, laid off after accepting a May 2023 offer of three months' severance, say they have not been paid or even heard from Twitter since
Larry Madowo / CNN :
Meta rebrands Facebook's Watch tab as Video, which will now include all visual content like Reels, long-form content, and live videos, and adds editing features
Ivan Mehta / TechCrunch :
Sources: on July 17, US chip company executives urged Biden administration officials like Secretary of State Antony Blinken to halt further chip curbs on China
Hammerspace, which offers data orchestration systems for Blue Origin, NSF, Royal Caribbean Group, and others, raised $56M led by Aramco's Prosperity7 Ventures
Ingrid Lunden / TechCrunch :
Truth Social's head of engineering, Alex Gleason, resigns to work at Soapbox, which he founded and which offers open-source decentralized tech for social media
Helen Coster / Reuters :
An interview with LinkedIn CEO Ryan Roslansky on designing tools to keep users coming back more often, pulling back from China, “the great reshuffle”, and more
“I fundamentally believe you can only learn how to be a CEO by being a CEO,” .... Ryan Roslansky. … Twitter: @edgecliffe : At 13, LinkedIn CEO Ryan Roslansky enrolled in the same tennis academy as Mar...
Runway, which streamlines companies' financial planning and integrates with accounting, data, and HR tools, raised a $27.5M Series A led by Initialized Capital
Kyle Wiggers / TechCrunch :
Over a dozen current and former Roblox employees say the company is not doing enough to address concerns about diversity and women and minority marginalization
Nasdaq-listed Grab and Jakarta-listed GoTo, whose stocks are 60%+ below their IPO prices, pare back “superapp” push by cutting jobs and marginal business units
Mercedes Ruehl / Financial Times :
South Korea-based internet group Naver plans to release its HyperCLOVA X AI model this summer, as Google cuts into its core domestic search engine business
Kotaro Hosokawa / Nikkei Asia :
Sources: EU's attempts to lobby Asian countries like Singapore to adopt its AI Act are getting a lukewarm reception as many favor a “wait and see” approach
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