| Mark Gurman / Bloomberg: |
Sources: Apple will get an observer role on OpenAI's board, with Phil Schiller chosen for the position, as part of their partnership announced last month — CDK Says ‘Substantially All’ Car Dealerships Restored After Hack — Northern Data May Be Testing Limits of AI Frenzy With Unit IPO| Natasha Lomas / TechCrunch: |
Proton launches Docs in Proton Drive, a privacy-focused alternate to Google Docs, after acquiring secure note-taking app Standard Notes in April 2024 — Proton, the Swiss-based pro-privacy productivity app maker, has a new feather in its cap after bringing document creation … | Emma Roth / The Verge: |
Reddit users: Netflix is following through on its plan to phase out its cheapest $11.99/month ad-free tier, instead pushing its $6.99, $15.49, and $22.99 tiers — Netflix is following through on its plan to phase out its cheapest ad-free tier for existing subscribers.| Cynthia Brumfield / CSO: |
SCOTUS' Chevron ruling could weaken federal cybersecurity regulations, as FCC data breach reporting requirements and other rules are likely to be challenged — The ruling could weaken almost all US federal cybersecurity regulations, including SEC incident reporting, FCC data breach reporting, and CISA cyber incident reporting rules.| Shaurya Malwa / CoinDesk: |
Blockchain platform Polkadot faces criticism from users after spending $36M+ on marketing and outreach in H1 2024, nearly half of its total spend of $87M — The blockchain spent $87 million in the first six months this year, with marketing activities accounting for the majority of expenses.| Michael Nuñez / VentureBeat: |
Meta shares its research on Meta 3D Gen, a system that creates high-quality 3D assets from text descriptions in less than a minute — Meta, the tech giant formerly known as Facebook, introduced Meta 3D Gen today, a new AI system that creates high-quality 3D assets from text descriptions in less than a minute.| Paula Arend Laier / Reuters: |
Brazil's data regulator suspends the validity of Meta's new privacy policy for the use of personal data to train its generative AI systems in the country — Brazil's National Data Protection Authority (ANPD) has decided to suspend with immediate effect the validity of Meta's (META.O) … | Raffaele Huang / Wall Street Journal: |
How an underground network of Chinese sellers is bypassing US export controls through supply-chain blind spots to smuggle Nvidia's advanced AI chips into China — An informal market circumvents U.S. export controls through supply-chain blind spots—and in one case, a student's luggage| Jay Peters / The Verge: |
Responding to criticism, Figma CTO Kris Rasmussen says Make Design is “powered by off-the-shelf models and a bespoke design system that we commissioned” — Figma says it didn't train the generative AI models it used and blames a ‘bespoke design system.’| Emanuel Maiberg / 404 Media: |
| Manish Singh / TechCrunch: |
Koo, an Indian rival to X that had raised $60M+ from Tiger Global, Accel, and others, is shutting down after acquisition talks with Dailyhunt fell through — The Indian social media platform Koo, which positioned itself as a competitor to Elon Musk's X, is ceasing operations … | Charles Gorrivan / Bloomberg: |
CDK Global, a software provider to ~15K North American car dealerships, says “substantially all” of its dealers are back online, after two cyberattacks in June — - Software provider serves about 15,000 dealers in North America — CDK suffered two cyberattacks that forced systems offline| Emma Farge / Reuters: |
WIPO: between 2014 and 2023, 54K generative AI patents were filed, 25% of which were filed in 2023; China leads with 38K+ patents, followed by the US with 6,276 — China is far ahead of other countries in generative AI inventions like chatbots, filing six times more patents than its closest rival … | Reuters: |
Sources: Magic, a US startup developing AI models for coding tasks, is in talks to raise $200M+ at a $1.5B valuation — Magic, a U.S. startup developing artificial-intelligence models to write software, is in talks to raise over $200 million in a funding round valuing it at $1.5 billion … | Chris Kornelis / Wall Street Journal: |
Bruce Bastian, who co-created the popular word processing software WordPerfect and was an LGBTQ activist, died on June 16 at age 76 — While his company was producing the world's dominant word-processing software, he came out as gay to his wife, sons and Mormon community| Erin Griffith / New York Times: |
PitchBook: US startups raised $56B in Q2 2024, up 57% YoY and the highest three-month haul in two years; AI startups raised $27.1B, nearly half of the total — Funding for A.I. firms made up nearly half the $56 billion in U.S. start-up financing from April to June, according to PitchBook.| Aisha Malik / TechCrunch: |
Snapchat adds new features, including letting Snapchat+ subscribers design a personalized house on Snap Map and send Snaps that last less than 0.5 seconds — Snapchat is introducing new ways for users to personalize their accounts, the company announced on Tuesday.
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