Techmeme
July 27, 2021, 8:30 AM

Top News

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 …
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 …
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.
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 …
Todd Feathers / VICE:
A look at ShotSpotter, which uses sensors to “detect gunshots”, as court filings suggest it frequently alters evidence at the request of police departments  —  Prosecutors in Chicago are being forced to withdraw evidence generated by the technology, which led to the police killing …
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 …
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
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.
Catherine Shu / TechCrunch:
Indonesia-based grocery delivery app HappyFresh raises $65M Series D led by Naver Financial Corporation and Gafina B.V.  —  HappyFresh, the on-demand grocery app based in Indonesia, announced today it has raised a $65 million Series D. The round was led by Naver Financial Corporation and Gafina B.V. …
Mark Gurman / Bloomberg:
According to code found in the Oculus iPhone app, Facebook is exploring letting users synchronize Oculus workout data with Apple Health  —  - Oculus could let users store workout data in iPhone Health app  — Oculus Move lets users see calories burned in virtual reality
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.
Brian Heater / TechCrunch:
Covariant, which builds AI-powered industrial robots, raises $80M Series C led by Index Ventures, following a $40M Series B in May 2020  —  In May of last year, Covariant announced that it had raised a $40 million Series B. It was a healthy sum of money for the young company, bringing its total funding up to $67 million.
Bloomberg:
China issues regulations for food delivery platforms, mandating minimum wage, respect for worker rights, and more, leading to Meituan shares dropping by 14%+  —  - It extended losses after Beijing issued food platform curbs  — Meituan is grappling with a broader antitrust investigation

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