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July 27, 2023, 4:10 AM
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Top News

Meta Investor Relations:
Meta reports Q2 revenue up 11% YoY to $32B, net income up 16% YoY to $7.79B, and family daily active people up 7% YoY to 3.07B for June 2023; META up 7%+  —  Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended June 30, 2023.  —  “We had a good quarter.
Jonathan Vanian / CNBC:
Meta's Reality Labs reports Q2 $3.7B operating loss, vs. $3.5B est., and expects losses to “increase meaningfully” due to investments in VR/AR and its ecosystem  —  - Meta's Reality Labs unit, which develops virtual reality and augmented reality technologies …
Scott Nover / Quartz:
Meta says Facebook surpassed 3B MAUs for the first time, increasing 3% YoY as of June 30, 2023, while family monthly active people grew 6% YoY to 3.88B
Bloomberg:
New rules approved by the SEC require publicly traded companies to file details of a cyberattack within four days of identifying that it has a material impact  —  - Delay possible if public safety or national security at risk  — Some business groups argued that deadline was too short
David Welch / Bloomberg:
Waymo plans to slow the development of autonomous trucking as the company moves its focus and investment to ride-hailing  —  Waymo, the self-driving unit owned by Alphabet Inc., is slowing the development of autonomous trucking that's being done by its Via subsidiary.
Sheila Chiang / CNBC:
Samsung reports Q2 revenue of ~$47.21B, a 22% YoY drop and below analyst expectations of ~$47.7B, and operating profit of ~$525M, a 95% YoY drop  —  - Samsung is the world's largest maker of dynamic random-access memory chips, which are found in consumer devices such as smartphones and computers.
Lora Kolodny / CNBC:
Sources: the California AG is investigating Tesla, seeking information from customers and ex-employees about Autopilot safety issues and advertising complaints  —  - The California attorney general is investigating Tesla, CNBC has learned, seeking information from customers …
CNN:
US prosecutors ask a judge to detain Sam Bankman-Fried over witness tampering allegations, saying he leaked Caroline Ellison's personal writings to the NYT  —  New York CNN —  —  US prosecutors asked a federal judge to detain former FTX CEO Sam Bankman-Fried over allegations of witness-tampering.
Tom Warren / The Verge:
Microsoft starts rolling out a new Xbox Home UI, offering more space for backgrounds and quick access to store, search, and settings, after 10 months of testing  —  Microsoft first started testing a new Xbox Home UI nearly a year ago, and the company is now ready to deliver it to all Xbox owners.
Aisyah Llewellyn / Al Jazeera:
Indonesia restricts X.com, which now redirects to twitter.com after Twitter rebranding to X, as the domain had been previously used by porn and gambling sites  —  Medan, Indonesia - Elon Musk's aspirations for X, the social media site formerly known as Twitter, have hit a stumbling block …
Esther Crawford / @esthercrawford:
Former Director of Product Management Esther Crawford on Twitter's culture of fear, Elon Musk's strengths and weaknesses, the sleeping bag incident, and more
Nikhilesh De / CoinDesk:
The US DOJ informed a federal judge that Sam Bankman-Fried won't face the campaign finance charge, which wasn't part of an extradition document with The Bahamas  —  The Justice Department said late Wednesday that the campaign finance charge was not included in an extradition document with The Bahamas …
Allison Johnson / The Verge:
Samsung announces the Galaxy Z Flip5, offering a larger 3.4" cover screen, up from 1.9" on the Z Flip 4, a new hinge, 256GB storage, and more for the same $999  —  The Motorola Razr Plus' reign as the best flip phone might be short-lived.  —  The Samsung Galaxy Z Flip 5 is officially here …
Dina Bass / Bloomberg:
AWS debuts HealthScribe, an AI-powered tool to summarize patient visits, and is working with partners rather than selling it directly to hospitals and doctors  —  Amazon Web Services is unveiling AI services for doctors, business analysis and chatbots as it aims for Microsoft and Google

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From Mediagazer

Katie Notopoulos / Business Insider:
Columbia University's student radio station WKCR deftly covered live news late on April 30 as police entered the campus, amplified via Instagram Live and Twitch

Jack Marshall / TOOLKITS:
LinkedIn is testing Sponsored Editorial Content, letting publishers like the WSJ stitch pre-roll ads into their organic video content on the platform

Ashley Carman / Bloomberg:
Audible tests a lower-priced AU$8.99/month tier, Audible Standard, in Australia, without credits that roll over, as Spotify expands its audiobook offerings

More News

Ken Klippenstein / The Intercept:
Netflix lists a $300K to $900K-a-year ML product manager job that points to its plans to use AI to “create great content”, as actors strike for AI protections
Kif Leswing / CNBC:
The Overture Maps Foundation, formed by Meta, Microsoft, AWS, and TomTom, releases its first dataset with 59M “points of interest” donated by Meta and Microsoft

Earlier Picks

Bloomberg:
As droughts spread across Spain, the US, and elsewhere, communities are battling water-hungry data centers; Meta expects a €1B facility to use 665M liters/year
Victoria Song / The Verge:
Samsung announces the $300+ Galaxy Watch6 and $400+ Galaxy Watch6 Classic, powered by Wear OS 4, reviving the Classic's rotating bezel, and more
Dan Seifert / The Verge:
Samsung unveils the $800+ Galaxy Tab S9, $1,000+ S9 Plus, $1,200+ and S9 Ultra, offering a similar design, new CPUs, and new OLED displays, shipping August 11
Ben Schoon / 9to5Google:
Samsung announces the Galaxy Z Fold5, offering the same 7.6" and 6.2" displays, Snapdragon 8 Gen 2, 50MP rear camera, a new hinge, and new colors for $1,800
Electronic Frontier Foundation:
The FBI's seizure of Mastodon server Kolektiva.social in May should serve as a wake-up call to fediverse users and hosts to protect their privacy
George Hammond / Financial Times:
Anthropic, Google, Microsoft, and OpenAI launch the Frontier Model Forum, aiming to ensure “the safe and responsible development of frontier AI models”
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