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
Apple and Google launch a data portability tool that lets Google Photos users move their photos to iCloud, after offering iCloud to Google Photos in March 2021
Apple and Google have teamed up to introduce a new data portability tool that lets users transfer their Google Photos collections straight to iCloud Photos.
US prosecutors say crypto exchange BitMEX pled guilty to one count of violating the Bank Secrecy Act by not having an adequate AML program from 2015 to 2020
- U.S. agencies are paying attention now, and they are aggressively reviewing those early practices, as we've seen again and again recently.
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
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 …
A US court grants Redbox owner Chicken Soup for the Soul Entertainment Chapter 7 bankruptcy, paving the way for shutting down Redbox and liquidating its assets
Court hearing included allegations of fraud — Redbox is shutting down, corporate parent is being liquidated
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 …
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: @bhumrobhumro ...
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
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 …
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.
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
How the SCOTUS NetChoice ruling on social media platforms' First Amendment rights could affect a host of tech legislation, including kids' online safety laws
Here's what the SCOTUS decision might mean for everything from kids online safety laws to the TikTok ‘ban.’
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.
Kearney-Amazon Pay survey of 6K consumers and 1K merchants in 120 Indian cities: 90% prefer digital transactions, 46% of the transactions are digital, and more
Bhupendra Paintola / Inc42 Media :
Samsung debuts the Galaxy Z Fold6, with a wider 22.1:9 display, up to 2,600 nits of brightness, a thinner frame, IP48, and seven years of updates, for $1,899
Samsung Galaxy Watch Ultra slammed over copycat design Luke Jones / WinBuzzer : Samsung Galaxy Z Fold 6: New Design, Improved AI, Enhanced Features, Extended Updates Kevin Purdy / Ars Technica : Galax...
Researchers detail the Blast-RADIUS MD5-based vulnerability affecting RADIUS, a widely used network access authentication protocol first developed in 1991
AWAITING ANALYSIS — This vulnerability is currently awaiting analysis. Microsoft Support : KB5040268: How to manage the Access-Request packets attack vulnerability associated with CVE-2024-3596 Conn...
Microsoft hikes the price of Xbox Game Pass Ultimate by $3 to $19.99/month for new subscribers and plans a Standard tier for $14.99/month without day-one titles
is Amazon Prime next? Jez Corden / Windows Central : Xbox Game Pass is getting MAJOR changes, with a new tier without day one games, and a range of price increases Jennifer Maas / Variety : Xbox Game ...
Samsung unveils $250 Galaxy Buds3 Pro and $180 Galaxy Buds3, with ANC and switching to an AirPods-like stemmed design and case, available on July 24
Chris Welch / The Verge :
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?
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
- Officials concerned that China could access sensitive US tech — Lawmakers have had ‘productive’ conversations with Microsoft
Source: Apple aims to ship 90M+ iPhone 16 series devices in 2024, after shipping about 81M iPhone 15s in H2 2023, as it counts on AI services to boost demand
OpenAI and Los Alamos National Laboratory announce a partnership to evaluate how multimodal AI models can be used safely by scientists in laboratory settings
Evan Gorelick / Bloomberg :
FTC source: Microsoft ditching its OpenAI board observer seat is unlikely to resolve concerns at the agency, which is conducting an antitrust review of AI deals
Sources: Alphabet shelves efforts to acquire HubSpot after the companies failed to reach a point of detailed discussions around due diligence; HUBS drops 10%+
Shares of HubSpot Inc. (HUBS Quick Quote Tom Jowitt / Silicon UK : Alphabet Walks Away From HubSpot Deal George Fitzmaurice / ITPro : Alphabet's HubSpot acquisition is dead in the water Ryan Gould / B...
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
Silicon Valley Defense Group: the US federal government spent $22B on tech from the top 100 national security startups, a paltry sum and far below VC investment
Total amount of awards received by country's top national security startups less than half of what venture capitalists have invested
Intuit plans to cut 10% of its global workforce, or ~1,800 employees, and rehire the same number, primarily in its engineering, product, and sales divisions
Intuit CEO Sasan Goodarzi sent the following note to Intuit employees today: Sheryl Estrada / Fortune : Exclusive: Intuit is laying off 1,800 employees as AI leads to a strategic shift Brandon Vigliar...
AWS launches App Studio, which is a generative AI-powered service letting enterprise users create internal apps using text prompts, in public preview
Shubham Sharma / VentureBeat :
IDC: global PC shipments rose 3% YoY to 64.9M units in Q2 2024; Apple's shipments rose 20.8% YoY, the biggest jump among PC makers, followed by Acer at 13.7%
Harshita Mary Varghese / Reuters :
Google now lets its users set up Advanced Protection Program with a single passkey, using Android or iOS biometric authentication, instead of two physical keys
like journalists, elected officials and human rights workers — can enroll with passkeys for improved security. Learn more → https://blog.google/... [video] LinkedIn: Kent Walker : It just got easier f...
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.
Microsoft agrees to a deal to settle trade group CISPE's antitrust complaint, and to build a tool to let CISPE members run Microsoft software on their platforms
Sources: Xiaohongshu, China's fastest-growing social media platform, sold existing shares in recent weeks at a $17B valuation; DST Global took part in the round
Yuri Milner's DST Global takes stake at $17bn valuation in rare investment from overseas after China's tech crackdown X: @davidyin44 X: David Yin / @davidyin44 : GSR portco https://www.ft.com/...
Paris-based Bioptimus releases H-optimus-0, an open source AI model trained on hundreds of millions of images to aid research and diagnoses of diseases
Michael Hennessey / Bloomberg :
Hayden AI, which provides vision AI tools for cities to monitor traffic safety and more, raised a $90M Series C led by TPG's The Rise Fund
UK government data: digital industry job growth grew just 0.3% in 2023, the lowest since a 0.1% decline in 2013, down from 4.1% growth in 2022 and 6.5% in 2021
Isabella Ward / Bloomberg :
Earned Wealth, which offers wealth management services to medical professionals, raised $200M, and reports 3,000+ clients and $2B of assets under management
Valida Pau / Bloomberg :
Nasscom expects India's digital talent gap to widen to ~29% in 2028 and says India needs 1M+ engineers with advanced AI and other skills over the next 2-3 years
Ruchi Bhatia / Bloomberg : X: @technology and @mihirkjha X: @technology : India's tech sector will need more than 1 million engineers trained in AI and other advanced skills over the next 2-3 years, ...
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