| Anja Karadeglija / National Post: |
Meta will remove news content from Facebook and Instagram for users in Canada after the country's Senate passed the Online News Act, which goes for Royal Assent — With Bill C-18 on the verge of becoming law, Canadians could soon see news removed from their Facebook pages and Google searches| Kaya Yurieff / The Information: |
TikTok COO Vanessa Pappas steps down after five years at the company to refocus on “entrepreneurial passions” — TikTok's Chief Operating Officer V. Pappas has quit, Pappas told staff on Thursday, according to an email viewed by The Information.| Anton Shilov / AnandTech: |
Argonne and Intel say they installed the Aurora supercomputer, announced in 2015, which will come online later in 2023 with 2 ExaFLOPS of processing power — Argonne National Laboratory and Intel said on Thursday that they had installed all 10,624 blades for the Aurora supercomputer … | Rebekah Valentine / IGN: |
Filing: Microsoft says Xbox “lost the console wars”, with a 16% share of console sales in 2021, behind Nintendo and PlayStation, and a 21% installed base share — Xbox “in third place” behind PlayStation and Nintendo, with a sales market share of 16%.| Kevin Purdy / Ars Technica: |
DuckDuckGo releases its browser in public beta on Windows, over a year after its private beta on macOS, offering Duck Player for YouTube without ads and more — No extensions yet, but it can fight spam, tracking, and YouTube's algorithm. — Privacy-focused firm DuckDuckGo has released … | CoinDesk: |
BitGo ends its bid to acquire rival Prime Trust, which in turn halts all deposits and withdrawals; a judge dismissed BitGo's lawsuit over the failed Galaxy deal — Prime Trust has been losing clients and deposits to competitors for weeks amid mounting concerns over its business, a source at one former client told CoinDesk.| Alex Heath / The Verge: |
Elon Musk tweets that he is “up for a cage fight” with Mark Zuckerberg, who replies “send me location” in an Instagram story; Musk suggests the Vegas Octagon — Here we go. — After Elon Musk recently tweeted that he would be “up for a cage fight” with Zuckerberg … | Rashi Shrivastava / Forbes: |
New York-based Captions, an AI-powered video editing app, raised a $25M Series B led by Kleiner Perkins at a $250M valuation, bringing its total funding to $40M — The video editing software, designed for “talking videos,” has been used by 3 million creators to date and stands at a $250 million valuation.| Wall Street Journal: |
Source: CEO Linda Yaccarino intervened to mend Twitter's relationship with Google Cloud over skipping some payments; sources say the bills were $20M+ per month — Social-media platform is now paying for Google cloud services amid talks of broader partnership| Amrita Khalid / The Verge: |
As Spotify's podcast strategy of focusing on exclusives and celebrity hosts continues to falter, the company seems to be shifting its attention to selling ads — The company is entering the ‘next phase’ of its podcast strategy — but will it learn from its mistakes?| Rachel Metz / Bloomberg: |
Stability AI launches SDXL 0.9, a model that uses a higher number of parameters to produce more photorealistic images than its SDXL beta from April, on Clipdrop — Artificial intelligence startup Stability AI is releasing a new model for generating images that it says can produce pictures that look more realistic than past efforts.| Bloomberg: |
a16z, Accel, Bain, Bessemer, Kleiner, and, sources say, Coatue and Tiger are increasingly buying startup shares on the secondary market, often at cheap prices — It's a bargain-hunter's dream, and for sellers it's sometimes the only good option left. — Secondary markets … | Jane Lanhee Lee / Reuters: |
Micron plans to invest up to $825M in its first DRAM and NAND assembly and test facility in India, with construction in Gujarat expected to begin in 2023 — U.S. memory chip firm Micron Technology, Inc (MU.O) said on Thursday it would invest up to $825 million in a new chip assembly … | Bloomberg: |
The US and the EU both agree that Google's ad tech dominance must end and call for a breakup; Margrethe Vestager hailed “close and fruitful” work with the DOJ — European Union and US antitrust regulators may have gone their separate ways of late.| Jordan Novet / CNBC: |
AWS is investing $100M in a new program to help companies use generative AI by connecting them with AI experts, with Highspot and Twilio among its first clients — - Amazon's cloud unit said Thursday that it's allocating $100 million for a center to help companies use generative artificial intelligence.| Frederic Lardinois / TechCrunch: |
Microsoft aims to build a quantum supercomputer within 10 years, after claiming to have created scalable and stable qubits using Majorana particles in 2022 — Microsoft today announced its roadmap for building its own quantum supercomputer, using the topological qubits the company's researchers … | Jess Weatherbed / The Verge: |
Figma expands its Google for Education partnership to Japan and now lets all US K-12 students access its design tools for free on education Chromebooks — Figma is expanding its partnership with Google for Education in a bid to introduce more school-age students to its product design and collaboration platforms.| Christine Hall / TechCrunch: |
Robinhood acquires X1, a startup offering a no-fee income-based credit card with rewards, for $95M in cash; X1 had raised $62M, including $15M in December 2022 — Robinhood announced on Thursday that it was acquiring X1, a no-fee credit card startup, for $95 million in cash.| Bob Mehr / New York Times: |
A look at Dolby Atmos, supported by 15 music streaming services including Apple Music, which has heavily invested in Atmos, and the future of immersive audio — True believers in the immersive audio format say it could restore a musical appreciation lost to a generation that has come up during the streaming era.| Wall Street Journal: |
A look at TikTok's effect on US small businesses, as the app has become “a billion-person focus group”, disrupting business cycles and upending corporate R&D — The social-media giant has become ‘a billion-person focus group,’ disrupting business cycles and upending corporate R&D| Kyle Wiggers / TechCrunch: |
Acryl Data, which offers a data catalog service built on the open-source framework DataHub, raised a $21M Series A led by 8VC, taking its total funding to $30M — With the explosion of different kinds of data, companies are struggling to realize meaningful value from their stored data.| Chance Miller / 9to5Mac: |
Apple releases visionOS SDK for creating Vision Pro apps and plans to open applications for Apple Vision Pro developer kits and developer labs in July 2023 — When Apple announced Vision Pro at WWDC, the company promised to make a robust set of tools available for developers.| Foo Yun Chee / Reuters: |
Sources: EU antitrust regulators plan to open a four-month investigation into Amazon's $1.7B iRobot acquisition after the end of a preliminary review on July 6 — EU antitrust regulators are expected to open a full-scale investigation into Amazon's (AMZN.O) $1.7 billion acquisition … | Glenn Gamboa / Associated Press: |
Google pledges $20M in grants to support and expand the Consortium of Cybersecurity Clinics, aiming to introduce US students to potential cybersecurity careers — Free medical clinics and legal aid clinics, where college students and their instructors help their communities while also learning … | Politico: |
The EU's Thierry Breton visits California to discuss the DSA with Elon Musk and Mark Zuckerberg, and a new AI Pact with Zuckerberg, Sam Altman, and Jensen Huang — Thierry Breton flies to US to warn Twitter's Elon Musk and Meta's Mark Zuckerberg to fall in line with EU law.
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