| Bloomberg: |
Adobe plans to acquire UI design and prototyping tool Figma for around $20B in cash and stock; Figma CEO Dylan Field will continue in the role; ADBE drops 8%+ — Adobe Inc. agreed to buy software design startup Figma Inc. in a deal valued at about $20 billion to help it expand tools for creative professionals.| Mike Truppa / The Block: |
Ethereum activates its long-awaited The Merge upgrade and transactions are now being processed under proof of stake — - The Merge upgrade is transitioning Ethereum from proof of work to proof of stake. — The Merge is one of the largest technological events in the industry to date.| Taylor Hatmaker / TechCrunch: |
In a US Senate committee hearing, Meta, YouTube, TikTok, and Twitter executives defended their platforms and dodged security, privacy, and moderation questions — Executives from four of the biggest social media companies testified before the Senate Homeland Security Committee Wednesday … | Casey Newton / Platformer: |
TikTok and ByteDance's links to China mean wrongdoing will be punished more harshly in the US than Meta and Twitter, no matter how “transparent” the company is — In new testimony to Congress, the company faces stern questions on China — Ever since TikTok became … | Sarah Perez / TechCrunch: |
Google redesigns the Memories feature in Photos to spotlight more videos, launches a collage editor, and will let users share Memories with friends and family — As consumer social apps shift their focus to video for social expression and adopt more creative tools, like those for collage-making … | Alex Battaglia / Eurogamer.net: |
A review of Intel's pre-release AI upscaling tech XeSS, used in its new Arc A770 GPU, shows competitive results against Nvidia's slightly older DLSS — A strong start for a new, more open AI upscaler. — Face-off by Alex Battaglia Video Producer, Digital Foundry| New York Times: |
California's AG files an antitrust lawsuit against Amazon, focusing on the company allegedly penalizing sellers who list products at lower prices on other sites — Rob Bonta, California's attorney general, said the retailer punishes companies that offer lower prices on other websites.| Sarah Perez / TechCrunch: |
Google cancels seven out of 14 projects in its Area 120 incubator, including Qaya, which offered storefronts for creators, and shifts to only AI-first projects — Google CEO Sundar Pichai, speaking at the Code Conference last week, suggested the tech company needed to become 20% more efficient … | Patrick Kennedy / ServeTheHome: |
Arm unveils Neoverse V2, its next-gen core for pushing cloud, hyperscale, and HPC performance workloads, which is set to power Nvidia's upcoming Grace CPU — Today Arm announced its next-generation cores for higher performance per core applications. Dubbed the Arm Neoverse V2 or “Demeter” … | Financial Times: |
Sources: the UK's CMA and EU are expected to launch in-depth investigations into Microsoft's $75B Activision Blizzard bid due to size and competition concerns — Regulators in Brussels expected to follow CMA with plans for prolonged competition investigation| Spencer Soper / Bloomberg: |
Amazon announces a Tailored Audiences tool, coming to all US sellers in early 2023, which will let brands and merchants send marketing emails to shoppers — Amazon.com Inc. will let brands and merchants send marketing emails to shoppers, a risky bid to boost sales that could inundate inboxes with spam.| Joyce Lee / Reuters: |
Samsung Electronics pledges to invest $5B+ into R&D for tech that achieves net zero emissions in its devices business by 2030 and across the company by 2050 — Samsung Electronics (005930.KS) will invest over 7 trillion won ($5.02 billion) by 2030 as part of sweeping environmental initiatives aimed … | Stephanie Murray / The Block: |
Coinbase updates its app to let US users see a scorecard that evaluates members of Congress on crypto policy issues, register to vote, and find political events — - Coinbase is getting political: The exchange added new app features to help users evaluate lawmakers, register to vote and find political events.| Hannah Murphy / Financial Times: |
Experts say Peiter Zatko's Senate testimony on Twitter is unlikely to have a big impact on Elon Musk's legal battle to terminate his $44B takeover deal — Testimony from Twitter's former security chief to US senators on Tuesday was undoubtedly bruising for the social media company.| Kyle Wiggers / TechCrunch: |
Intel, Arm, and Nvidia propose a new open, license-free specification using 8-bit floating point, or FP8, precision as a common interchange format for AI — In pursuit of faster and more efficient AI system development, Intel, Arm and Nvidia today published a draft specification for what they refer … | Melissa Repko / CNBC: |
Walmart launches a virtual try-on tool to let shoppers see how a shirt, dress, or another clothing item would look on their own bodies without visiting a store — - Walmart is launching a virtual try-on tool to help shoppers see how a shirt, dress or another clothing item would look on their own body.| Amanda Silberling / TechCrunch: |
Canva unveils new products Docs, Websites, Whiteboards, and Data Visualization, brings background removing to videos, and adds a remote control to Presentations — Canva is further establishing itself as more than just a user-friendly graphic design tool. The Australian company announced … | Jiaxing Li / South China Morning Post: |
A look at Shanghai's status as China's chip hub: SMIC and SMEE making 14nm and 90nm chips, ~$36.95B market size in 2021 or ~25% of China's total, and more — Shanghai is styling itself as China's semiconductor highland with the city now accounting for one quarter of the country's semiconductor value output … | Laura Cappelle / New York Times: |
French director Marion Siéfert blames Meta's policies for banning livestreams of her “Instagram play” about teenage sexuality, even though it contains no nudity — Marion Siéfert's “_jeanne_dark_,” about a shy teenager beginning to express her sexuality … | Natasha Lomas / TechCrunch: |
EU lawmakers propose the Cyber Resilience Act, a new set of rules for IoT and smart device makers to bolster cybersecurity or face fines — European Union lawmakers have proposed a new set of product rules to apply to smart devices that's intended to compel makers of Internet-connected hardware … | Bloomberg: |
Group-IB: since the data of ~1B Chinese citizens appeared for sale, smaller tranches have appeared on forums, often including personal info and national IDs — Since the data of about roughly 1 billion Chinese citizens appeared for sale on a popular dark web forum in June …
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