Techmeme
July 27, 2021, 11:40 AM

Top News

Olivia Solon / NBC News:
Instagram announces changes for teen accounts, including making them private by default, restricting messages from “suspicious” adults, and limiting ads  —  Instagram has introduced protections for its teenage users to default young people into private accounts and make it harder for …
Jon Porter / The Verge:
Nothing, launched by OnePlus co-founder Carl Pei, announces $99 Ear (1) wireless earbuds, available August 17 with gesture controls, ANC, and more  —  Nothing, the consumer tech startup led by OnePlus co-founder Carl Pei, has officially announced its Ear (1) true wireless earbuds.
Paul Sawers / VentureBeat:
1Password raises $100M led by Accel at a $2B valuation, after raising $200M in 2019, and says it now has 90,000 business customers  —  All the sessions from Transform 2021 are available on-demand now.  Watch now.  —  Password management platform 1Password has raised $100 million …
Dieter Bohn / The Verge:
Samsung confirms it won't launch a new Galaxy Note at its Unpacked event on Aug. 11, instead focusing on new Galaxy Z phones and an S Pen designed for foldables  —  The company also promises ‘enhanced durability’  —  Samsung isn't looking to have many surprises at its August 11th Unpacked event.
Todd Shields / Bloomberg:
FCC challenges a bid won by SpaceX for $886M in rural broadband subsidies, concerned some of the spending may be wasteful, duplicative, or headed for other uses  —  - Company is among 197 winning bidders to get letters from FCC  — Agency says it's cleaning up results from auction last year
More: The Verge
Catalin Cimpanu / The Record:
Apple updates iOS, iPadOS, and macOS to address a zero-day flaw that was reportedly actively exploited, making it the 13th zero-day Apple has patched this year  —  Apple has released patches today for iOS, iPadOS, and macOS to address a zero-day vulnerability that the company says has been exploited in the wild.
Janko Roettgers / Protocol:
Facebook announces a new Metaverse product group, with plans to hire hundreds of staff, led by Instagram VP Vishal Shah, reporting to VR/AR VP Andrew Bosworth  —  The company plans to hire hundreds of new staffers for the group.  —  Facebook is all in on the Metaverse …
Stephen Nellis / Reuters:
Intel says its Foundry Services will build chips for Qualcomm and AWS and lays out a roadmap to catch up with TSMC and Samsung by 2025  —  Intel Corp (INTC.O) said on Monday its factories will start building Qualcomm Inc (QCOM.O) chips and laid out a roadmap to expand its new foundry business …
Coco Feng / South China Morning Post:
Cryptocurrency exchanges Huobi and OKCoin are closing their subsidiaries in Beijing, as China expands its crack down; shares of Huobi's parent drop ~22%  —  The latest moves by Huobi and OKCoin follow the central government's actions against businesses related to bitcoin and other cryptocurrencies BTCChina …
Dawn Lim / Wall Street Journal:
iCapital Network, which makes tools to help financial advisers invest client money in PE, raises $400M at a ~$4B valuation  —  Firm helps channel investor funds into private-equity investments  —  iCapital Network Inc. raised $440 million in a funding round that values the upstart investing platform at around $4 billion.
More: Finextra
Tom Krazit / Protocol:
Google issues a new Enterprise APIs policy, promising that APIs will remain available far into the future, aiming to move past a reputation for killing services  —  Google Cloud issued a promise Monday to current and potential customers that it's safe to build a business around its core technologies …
Arielle Pardes / Wired:
SensorTower: Clubhouse had 484K global installs from July 21 to 25, up 17% from the previous five days, after moving from invite-only to general availability  —  Just a few days after ditching its invite-only status, the audio chat app had fewer than 500,000 new downloads.
MacKenzie Sigalos / CNBC:
In its Q2 earnings report, Tesla says it suffered $23M in bitcoin-related impairments, after bitcoin dropped from $63K in April to under $40K now  —  - Tesla reported bitcoin-related impairments of $23 million in the second quarter as crypto prices plunged.
Jason Schreier / Bloomberg:
About 1,000 current and former Activision Blizzard employees say the company's response to its recent lawsuit is “insulting”, in a letter to leadership  —  Nearly 1,000 current and former Activision Blizzard Inc. employees have signed a letter calling the company's responses …
Kyle Wiggers / VentureBeat:
Blaize, which custom-designs AI edge chips with a new graph streaming architecture, raises $71M Series D, bringing its total raised to $155M  —  All the sessions from Transform 2021 are available on-demand now.  Watch now.  —  Blaize, a company developing AI edge computing platforms for automotive …

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