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July 28, 2022, 6:05 PM
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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
Apple:
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
Kif Leswing / CNBC:
Apple reports Services revenue grew 12% YoY to $19.6B in Q3 2022 and 860M paying subscribers globally across all its services, up from 825M in Q2 2022  —  KEY POINTS  — Analysts are expecting the company to give fourth-quarter guidance of $1.31 in earnings per share and nearly $90 billion in sales.
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 …
Amazon:
Amazon reports Q2 revenue up 7% YoY to $121.2B, $2B net loss vs. $7.8B net income in Q2 2021, and AWS revenue up 33% YoY; the stock jumps 10%+ after hours  —  SEATTLE—(BUSINESS WIRE)—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2022.
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 …
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.
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).
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 …
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 …
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
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 …
Amanda Silberling / TechCrunch:
By the end of 2023, Mark Zuckerberg expects 30%+ of Instagram and Facebook content recommendations will be served by Meta's AI, double the ~15% on Facebook now
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.
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 …
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
Jordan Novet / CNBC:
Intel reports Q2 revenue down 22% YoY to $15.32B, vs. $17.92B est., a $454M net loss, and Datacenter and AI Group revenue down 16% YoY to $4.6B; stock down 5%+  —  - Intel slashed its full-year guidance and turned in worse-than expected quarterly results.  — The company launched new chips …
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.
Todd Spangler / Variety:
Roku misses with Q2 revenue up 18% YoY to $764M, vs. $805.2M est., 200M fewer streaming hours at 20.7B, and 1.8M active accounts added to 63.1M; stock down 25%+  —  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.
Financial Times:
The Greater London Authority warns housing developers about a potential new project ban until 2035, citing data centers using “large quantities of electricity”  —  Greater London Authority warns developers that upgrade might take more than a decade
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
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 …

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This is a Techmeme archive page. It shows how the site appeared at 6:05 PM ET, July 28, 2022.

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From Mediagazer

Josh Gerstein / Politico:
The firings of three Stars and Stripes journalists are on hold until September 4, when a judge set an injunction hearing to pause the firings during litigation

Matthew Keys / TheDesk.net:
SiriusXM will drop Howard Stern's Howard 101 channel while keeping Howard 100 as part of a programming shuffle to make room for Audacy sports radio stations

Rick Porter / The Hollywood Reporter:
Disney+ and The Pokémon Company announce a global distribution deal including a new Aardman stop-motion Pokémon series in 2027 and the classic animated series

More News

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

Earlier Picks

Daniel Cooper / Engadget:
Experts say it is not clear whether generative art made by AI systems trained on copyrighted data, like OpenAI's DALL-E 2, is covered under Fair Use in the US
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
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