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 jumps 10%+  —  Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended June 30, 2023.  —  “We had a good quarter.

iOS 17 beta 4 code hints at a rumored Action button, offering quick access to Shortcuts, Silent Mode, Camera, and more, similar to the Watch Ultra's button  —  Apple released the fourth beta of iOS 17 to developers yesterday, and among the changes in the latest beta are some new code snippets …

The EU opens an antitrust investigation into whether Microsoft abuses its dominant position by bundling Teams with Office, the first investigation in 10+ years  —  Probe marks the first time in a decade that Microsoft has come under formal investigation by Brussels

Ex-Twitter Director of Product Management Esther Crawford on the “culture of fear”, Elon Musk's strengths and weaknesses, the sleeping bag incident, and more  —  Like seemingly everyone on this app I have plenty of opinions about Twitter > X and figure now is a good time to open up a bit about my experience at the company. I tweeted for years into the void for the love of it like many of you, but after selling my startup to Twitter in... [video]

Sony has sold over 40M PS5s since its launch in November 2020, up from 10M in July 2021, despite the “unprecedented challenges of COVID” and supply chain issues  —  / Despite supply chain issues and the problems caused by the pandemic, Sony says the PS5 supply is now ‘well-stocked.’

Source: about 10 years ago, Tesla rigged the dashboard to overstate battery range; in 2022, Tesla created a “Diversion Team” to suppress thousands of complaints  —  About a decade ago, Tesla rigged the dashboard readouts in its electric cars to provide “rosy” …

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 …

Lindsey Graham and Elizabeth Warren announce the Digital Consumer Protection Commission Act, seeking an independent regulator to license and police Big Tech  —  Mr. Graham, a Republican, is the senior senator from South Carolina.  Ms. Warren, a Democrat, is the senior senator from Massachusetts.

A postmortem of Neeva, which tried to build a faster, simpler, and ad-free search engine, and how default search engine choices reinforce Google's dominance  —  A couple of ex-Googlers set out to create the search engine of the future.  They built something faster, simpler, and ad-free.

Samsung reports Q2 revenue down 22% YoY to ~$47.21B, below analyst expectations of ~$47.7B, and operating profit down 95% YoY to ~$525M due to weak phone demand  —  - Samsung is the world's largest maker of dynamic random-access memory chips, which are found in consumer devices such as smartphones and computers.

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.

AWS VP Swami Sivasubramanian says thousands of customers, including Sony and Ryanair, have tried its AI services suite Bedrock ahead of a wider roll out “soon”  —  Amazon.com's (AMZN.O) cloud division has drawn thousands of customers to try out its service vying with Microsoft …

The SEC approves new rules to require publicly traded companies to file details of a cyberattack within four days of identifying a material impact from the hack  —  - Delay possible if public safety or national security at risk  — Some business groups argued that deadline was too short

Sources: Netflix is reworking its tech deal with Microsoft for its ad tier to reduce the revenue guarantee and has discussed selling ads through other partners  —  Streamer asks for patience as it tries to jump-start $6.99 a month ad tier  —  Netflix is restructuring its advertising partnership …

How Russia's invasion led Ukraine to innovate in combat drones, including improving speed, flight range, and payload, and the implications for warfare globally  —  The advent of AI-enabled drones holds huge promise for Ukraine's military but may also be exploited by nefarious non-state actors

Israeli startup Trustmi, which offers payments fraud prevention tools, raised a $17M Series A led by Cyberstarts, taking its total funding to $21M  —  Shai Gabay and Eli Ben-Nun, two entrepreneurs based in Israel, met in 2018 while working at Cynet, a cybersecurity startup developing extended detection and response tools.

Adobe adds Firefly-based Generative Expand, which “expands images beyond their original bounds”, to the Photoshop beta and support for prompts in 100 languages  —  Adobe is building on Firefly, its family of generative AI models, with a feature in Photoshop that …

Sources in Hollywood and Silicon Valley discuss AI's impact: creatives view AI as an existential threat, studios see a cost saver, and both sides need a deal  —  Adam Conover started to worry a few months ago that a computer could take his job.  A comedian in Los Angeles …