July 28, 2022, 5:00 PM

Top News

Casey Newton / Platformer:
Adam Mosseri says Instagram will roll back some recent changes after a week of mounting criticism, including temporarily reducing the number of recommendations  —  Say goodbye to the full-screen feed, and at least some of those recommendations — for now.  Adam Mosseri explains why
Matthew Sparkes / New Scientist:
DeepMind says AlphaFold has predicted, in 18 months, the structure of almost every protein cataloged by science, 200M+ in total, a biology problem for decades  —  Artificial intelligence firm DeepMind has transformed biology by predicting the structure of nearly all proteins known to science …
Tom Warren / The Verge:
Sony begins testing support for a 1440p video output option on the PlayStation 5, a widely requested feature, alongside curated gamelists and new social tools  —  Beta testers get access today  —  Sony is starting to test 1440p resolution support for its PlayStation 5 console, a highly-requested addition.
Business Wire:
Apple reports record Q3 revenue up 2% YoY to $83B, vs. $82.8B est., net income down 11% to $19.4B, iPhone revenue up 3% to $40.7B, Mac revenue down 10% to $7.4B  —  iPhone and Services drive June quarter record revenue  —  Active installed base of devices reaches all-time high for all major product categories
Richard Lawler / The Verge:
Google rolls out a new Gmail UI, moving the Mail, Meet, Spaces, and Chat buttons onto a rail in the top left, and teases a tablet update for later in 2022  —  It's not that different  —  We've been tracking the progress of Google's interface refresh for Gmail since February, and as promised …
Makena Kelly / The Verge:
The US House passes the Chips and Science Act, which includes $52B+ for US chipmakers and tax credits to encourage investment; Biden now must sign it into law  —  All that's left is Biden's signature  —  It might get cheaper and easier to buy popular tech products, like gaming consoles and graphics cards …
Amanda Silberling / TechCrunch:
Twitter tests a status feature for tweets, letting select users in the US and Australia add a label from a predetermined list “to provide more context”  —  Facebook is trying to be TikTok, but now, Twitter is bringing us back a little bit of Facebook (or LiveJournal, or Myspace).
Wall Street Journal:
Sources: Jack Ma plans to relinquish control of Alibaba affiliate Ant Group, potentially pushing back Ant's IPO for a year or more; regulators okayed the change  —  The shift, long under consideration to reduce governance risks, comes as the Chinese fintech giant seeks to move on from a tough year
Richard Speed / The Register:
Microsoft details Austria-based malware group Knotweed, which has used Windows and Adobe zero-day exploits to attack European and Central American organizations  —  Reports seeing ‘offensive actor’ flinging SubZero malware  —  Microsoft has published an analysis of a Europe-based …
Sara Fischer / Axios:
Sources: Meta begins telling its ~50 US news partners that the company will not renew its three-year deals from 2019 to pay for content in Facebook's News Tab  —  Meta on Tuesday began telling its news partners in the U.S. that the company no longer plans to pay publishers for their content …
The Markup:
A look at 37 companies in the connected vehicle data marketplace, a largely unregulated industry that analysts estimate will be worth $300B to $800B by 2030  —  A firehose of sensitive data from your vehicle is flowing to a group of companies you've probably never heard of
Amanda Silberling / TechCrunch:
Ina Fried / Axios:
Meta partners with YouGov and Oasis Labs to survey US Instagram users' race and make sure its products and AI operate fairly; Meta will only get aggregate data  —  Facebook parent Meta plans to partner with an outside group to survey the race of Instagram customers in hopes of better understanding …
Joshua Brustein / Bloomberg:
Hours before Sky Mavis told users it was hacked, CEO Trung Nguyen moved about $3M worth of Axie Infinity's main token AXS; Sky Mavis says it was to help users  —  This spring, Sky Mavis, the startup that makes the video game Axie Infinity, announced it had suffered a devastating hack.
Marguerite Reardon / CNET:
Senate and House Democrats plan to introduce a bill to reinstate Obama-era net neutrality rules and reestablish the FCC's authority over broadband networks  —  Senate and House Democrats are set to introduce a bill to reinstate Obama-era net neutrality rules and to give the FCC authority over broadband networks.
More: The VergeTweets: @michaelguimarin
Chris Welch / The Verge:
Google Pixel Buds Pro review: good ANC, improved sound, lengthy battery life, and no frequent dropouts, but transparency mode, audio fidelity, and mic need work  —  Google's premium buds have more features — without deal-breaking flaws  —  It wasn't a sure thing that the Pixel Buds Pro would turn out to be good.
Kyle Wiggers / TechCrunch:
Switchboard, a collaboration app mixing videoconferencing and digital whiteboarding, raised a $25M Series A at a $200M post-money valuation led by Icon Ventures  —  Switchboard, a collaboration app that combines features of videoconferencing and digital whiteboarding, today announced …
More: FinSMEs
Financial Times:
Mark Gurman / Bloomberg:
Sources: Apple has hired Luigi Taraborrelli, who was most recently Lamborghini's head of chassis and vehicle dynamics, to work on its self-driving electric car  —  Apple Inc. has enlisted one of Lamborghini's top car-development managers in a sign that it's stepping up work …
Frederic Lardinois / TechCrunch:
Tel Aviv-based Frontegg, a B2B SaaS user management service, raised a $40M Series B led by Stripes and Insight Partners, bringing its total funding to $70M  —  Frontegg, the popular user management service for developers who build B2B SaaS apps, today announced that it has raised …
John Loeffler / TechRadar:
Recent AMD and Nvidia leaks show upcoming GPUs will consume excessive power, a high cost environmentally and economically for diminishing returns in graphics  —  The planet may burn but at least the end will be ray-traced at 8K  —  A number of recent news items over the past few weeks …
Todd Spangler / Variety:
Roku misses with Q2 revenue up 18% YoY to $764M, vs. $805.2M estimated, and reaches 63.1M active accounts, up 1.8M QoQ; stock down ~26% after hours  —  Roku fell well short of Wall Street financial forecasts for the second quarter — and the streaming platform saw the number of hours streamed by customers drop from Q1.

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Daniel Cooper / Engadget:
Dustin Volz / Wall Street Journal: