| Financial Times: |
Sources: Apple and Luxshare cut Vision Pro production plans from 1M to fewer than 400K units in 2024 due to many manufacturing problems for the $3,500 headset — Initial hopes of 1mn shipments in 2024 launch year dashed by manufacturing problems — Apple has been forced to make drastic cuts … | New York Times: |
A look at the cottage industry of tech contractors in Russia, many employed by oligarch-linked Citadel Group, building digital surveillance tools for the FSB — Russia is incubating a cottage industry of new digital surveillance tools to suppress domestic opposition to the war in Ukraine.| Ivan Mehta / TechCrunch: |
TweetDeck users report major problems, including notifications and entire columns failing to load, after Elon Musk's new read limits; home timelines still load — Over the weekend, Elon Musk limited the number of tweets users can read in a day, which he said was to prevent data scraping.| Manish Singh / TechCrunch: |
| Bloomberg: |
China imposes export restrictions on gallium and germanium, used to make chips and other electronics, starting on August 1, likely raising manufacturers' costs — China imposed restrictions on exporting two metals that are crucial to parts of the semiconductor, telecommunications … | Wall Street Journal: |
How some crypto miners want to repurpose their idle rigs to train AI models, which isn't easy or cheap but can be more affordable than Big Tech's cloud services — Demand for high-end chips allows cryptocurrency companies to repurpose idle equipment — The boom in demand for high-end chips powering … | Wall Street Journal: |
Sources: Meta held talks with Tencent and other Chinese tech companies about selling Quests in China, but Mark Zuckerberg's past China comments may cause issues — Meta is in talks with Tencent to bring Meta's Quest VR headset to a huge new market, but potential partners worry about Zuckerberg's past criticisms of China| New York Times: |
Sources detail ByteDance's book publishing push and uneven playing field concerns; BookScan: 100+ authors with large #BookTok followings had $760M in 2022 sales — As ByteDance launches a publishing company, many in the book world wonder if it will create an uneven playing field by boosting its own authors at the expense of others.| Natasha Lomas / TechCrunch: |
Sweden's privacy watchdog says “Companies must stop using Google Analytics” and issues $1M+ in fines to businesses, including telco Tele2, that used the service — Sweden's data protection watchdog has issued a couple of fines in relation to exports of European users' data via Google Analytics … | Manish Singh / TechCrunch: |
Jio Platforms unveils a ~$12 4G phone in India with mobile payment tech and access to Jio's video and music streaming services, and a $1.5/month 14GB data plan — Reliance's digital arm, Jio Platforms, has unveiled a new mobile handset and associated tariff plans, the latest in a series … | Daniel Thomas / Financial Times: |
Sources: Netflix plans to develop targeted and tailor-made ad formats, like “episodic” campaigns, and discussed the strategy with ad executives at Cannes Lions — US streaming service introduced ad-supported subscriptions last year — Netflix will develop increasingly targeted … | Benedict Evans: |
An analysis of whether generative AI will destroy, displace, create, and accelerate jobs over years like other automation waves, or if this time is different — Pretty much everyone in tech agrees that generative AI, Large Language Models and ChatGPT are a generational change … | Financial Times: |
A look at Reliance's JioCinema, which had 400M+ IPL cricket stream viewers, acquired content rights from NBC, HBO, and WBD, and is challenging Disney in India — Asia's richest man is on a mission to transform Reliance Industries into a digital group — India's richest man Mukesh Ambani …
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