| The Information: |
Sources: Apple is working on a foldable, clamshell design iPhone that could launch as soon as 2026, and has reached out to component suppliers in recent months — Apple is working on a foldable iPhone that could be released as early as 2026 and in recent months reached out to suppliers … | Bloomberg: |
Meta debuts Llama 3.1 405B, the “first frontier-level open source AI model”, as well as new Llama 3.1 70B and 8B models, and says it's working on Llama 4 — The Meta CEO defends both his open source strategy and a massive investment in artificial intelligence.| CNBC: |
Israeli cybersecurity startup Wiz walks away from Google's $23B acquisition offer; Wiz CEO Assaf Rappaport tells staff that Wiz will pursue an IPO as planned — Wiz has walked away from a $23 billion deal to be acquired by Google, in what would have been the search giant's largest ever deal … | Abner Li / 9to5Google: |
Leaked images show the upcoming “Google TV Streamer”, a set-top box with a pill-shaped design, to replace the dongle form factor, and an updated, longer remote — Back in April, we revealed that Google is working on a sequel to the Chromecast with Google TV (4K) … | Todd Spangler / Variety: |
Amazon begins rolling out a new UI for Prime Video to help distinguish content included with Prime, update its navigation bar, manage subscriptions, and more — And the new UI specifically addresses something that's annoyed Prime Video users for years: Now, according to Amazon … | Ashley Carman / Bloomberg: |
Spotify reports Q2 revenue up 20% YoY to €3.8B, MAUs up 14% YoY to 626M, subscribers up 12% YoY to 246M, above est., and €266M operating income; SPOT jumps 12%+ — Spotify Technology SA shares surged to their highest in more than three years on Tuesday after the Swedish audio … | Andy Greenberg / Wired: |
Dragos details a sample of Russia-linked malware used in a hack in January 2024 to target a heating utility in Lviv, Ukraine, cutting service to 600 buildings — The code, the first of its kind, was used to sabotage a heating utility in Lviv at the coldest point in the year … | Dana Mattioli / Wall Street Journal: |
Sources: Amazon lost $25B+ on its devices business between 2017 and 2021, and its plan to sell hardware at a lower price and make money elsewhere hasn't worked — Amazon.com's Echo speakers are the type of business success companies don't want: a widely purchased product that is also a giant money loser.| Mariella Moon / Engadget: |
Meta plans to roll out its AI assistant to Quest in August, limited to US and Canada users in experimental mode, after first coming to Ray-Ban smart glasses — The experimental version of the AI assistant will make its way to Quest headsets in August. — Meta's AI-powered assistant … | Chris Morris / Fortune: |
Netflix last week reported it is developing 80 games, most “interactive narrative games” based on its IP, and will debut one a month; Netflix offers 100+ games — Netflix could be on its way to becoming one of the most prolific video game publishers in the industry.| Suzanne Smalley / The Record: |
The FTC seeks info from Mastercard, JPMorgan, and six other companies related to their “surveillance pricing products” that use personal data, AI, and more — The Federal Trade Commission (FTC) announced Tuesday that it has launched an inquiry into how companies surveil consumers … | Digiday: |
Google says it won't be “deprecating third-party cookies” in Chrome and will instead keep working on “privacy-preserving alternatives” via Privacy Sandbox APIs — After much back and forth, Google has decided to keep third-party cookies in its Chrome browser.| Financial Times: |
Meta VP Rob Sherman confirms a report that Meta received an EU request to pause future AI model training on data in the EU, and says the EU may get left behind — Comments come after privacy watchdog asks Facebook owner to pause training of future AI models on region's data| Jess Weatherbed / The Verge: |
Adobe rolls out new Illustrator features like Generative Shape Fill, powered by Firefly Vector 2, now in public beta, alongside new and updated Photoshop tools — Adobe is introducing some new tools and generative AI features to its Illustrator and Photoshop design software that aim to help speed up creative workflows.| Michael Peel / Financial Times: |
Google Research and others detail NeuralGCM, a model that combines ML and existing weather forecasting to make a breakthrough in accurate long-range predictions — Advances in predictions promised by machine learning matched with physics in latest model involving Google| Reuters: |
India plans to cut import duty on mobile phones and some key parts from 20% to 15%, a move that will directly benefit Apple, as part of its 2024/2025 budget — India announced it will cut import duty on mobile phones and some key parts to 15% from 20%, a move that will directly benefit Apple … | Ivan Mehta / TechCrunch: |
Posh, an iOS app that offers a TikTok-like vertical feed of events, raised a $22M Series A, taking its total funding to $31M, and claims 2M registered users — Platforms like TikTok and Spotify have experimented with events on their platforms. But rather than concentrating on concerts … | Neal E. Boudette / New York Times: |
GM says Cruise restarted test operations in three US cities after a vehicle dragged a pedestrian in October 2023, and suspends developing its Cruise Origin cab — General Motors said the self-driving division's cars will operate in Dallas, Houston and Phoenix after an accident last year.| Sarah Wynn / The Block: |
The US SEC approves spot ether ETFs from 21Shares, Bitwise, BlackRock, Fidelity, Franklin Templeton, VanEck, and Invesco Galaxy, which can now start trading — - Registration statements become effective on Monday for firms vying for a spot Ethereum exchange-traded fund, marking the final sign-off for those products to begin trading.| Reuters: |
FlightAware: Reeling from CrowdStrike-related outages, Delta has canceled 5,000+ flights since Friday, including 1,159 flights on Monday and 400+ on Tuesday — Delta Air Lines (DAL.N) CEO Ed Bastian on Monday said it will take the U.S. carrier another couple of days before its operations recover … | Hannah Murphy / Financial Times: |
A profile of Nick Pickles, who has recently been promoted to X's VP of global affairs; sources say Pickles has become the right-hand man to CEO Linda Yaccarino — Ex-music photographer promoted as right-hand man to X chief Linda Yaccarino tasked with fighting company's political battles
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